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Hippo Valley assures of sweet times ahead

Sugar milling company Hippo Valley achieved an operating profit of $17 million for the year ended March 31, 2018, up from $13,4 million in the prior year. Sydney Mutsambiwa This was buoyed by continued growth in local market sales assisted by the refineries which increased availability of refined sugar for …

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Simbisa brings Haefelis to Harare

Zimbabwe Stock Exchange-listed (ZSE) fast foods operator Simbisa Brands has launched Haefelis brand at the Chisipite Food Court in Harare, alongside other flagship brands, such as Pizza Inn, Creamy Inn and Chicken Inn. BY STAFF REPORTER The fashionable and classy shop is a third in the country but first in …

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Monetary measures could stabilise currency, but drive inflation

THE monetary policy measures announced earlier this week could help strengthen currency and bring down parallel market rates as officially hoped. But they could also further undermine price stability and exacerbate the crisis, according to analysts. BY FIDELITY MHLANGA Reserve Bank of Zimbabwe (RBZ) governor John Mangudya announced a set …

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‘Zimra can raise over $8bn on increased tax compliance’

THE Zimbabwe Revenue Authority (Zimra) has potential to raise over $8 billion if it could achieve 100% tax compliance, over double the current rate, the Zimbabwe Coalition on Debt and Development (Zimcodd) has said. BY MTHANDAZO NYONI Zimra is currently at around 30% tax compliance, but has still to surpass …

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Water saving tips

What people can do in the homes? Using buckets when watering flowers or gardens Timely repair of leaking taps and toilet cisterns Watering lawns only when necessary Using cups or glasses when brushing teeth instead of using running taps Rain water harvesting Bathing using buckets and not showers Recycling water …

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Oil price in danger zone

LONDON. — Crude oil prices continue to climb despite attempts by oil producers to reassure the market about availability and the existence of enough spare capacity to offset oil lost as a result of US sanctions on Iran. Brent crude has risen to almost 75 euros per barrel, the same level …

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Gold in narrow range

BENGALURU. — Gold prices moved in a narrow range yesterday after losses in the previous session, with robust US economic data and hawkish comments from Federal Reserve policymakers boosting the dollar. Spot gold was up 0,1 percent at $1,198.16 an ounce at 0103 GMT, after falling about 0,5 percent in the …

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Seed Co lists on Botswana bourse, ZSE

Tawanda Musarurwa Zimbabwe’s largest seed maker Seed Co Limited’s partial unbundling comes to fruition today with the primary listing of spin-off Seed Co International on the Botswana Stock Exchange (BSE). Seed Co International will also get a secondary listing on the Zimbabwe Stock Exchange (ZSE), where the parent company already …

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Russian businessman seeks court intervention

Kudakwashe Mhundwa Business reporter A Russian investor has approached the High Court seeking to force his business partners to reimburse him more than $2,7 million invested into a Gweru-based gold and antimony mining firm, which has been placed under provisional liquidation. The project ran into troubled waters due to alleged …

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Finance minister meets SMEs

Business Reporter FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday continued with his “consulting and listening roadshows” and met 50 leaders of small and medium enterprises (SMEs) from across the country. Prof Ncube believes SMEs are a strong engine in the country’s economy, hence his decision to consult them …

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