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Farm workers’ allowances increased

Business ReporterFARM workers will have a little cheer after their employers increased their accommodation, transport, fuel and light allowances with effect from January 1, 2019. The allowances were reviewed following months of negotiations as both farmers and employees sought ways to cushion the latter against the rising cost of living. …

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Zim not yet ready for full AfCFTA

Tawanda Musarurwa  and  Kuda MhundwaZimbabwe should ramp up value addition and beneficiation of its products so that the country can benefit from the full implementation of the African Continental Free Trade Area (AfCFTA) once it comes into fruition, Speaker of the National Assembly Advocate Jacob Mudenda has said. The call …

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Govt keen on infrastructure projects

Africa Moyo Senior Business ReporterGovernment says it is determined to commit significant funds towards infrastructure development, with $1,5 billion having been budgeted for the widening of the Harare-Beitbridge Highway over the next three years. The move to invest heavily in infrastructure, using locally generated resources, is seen as central to …

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I left Zesa in good stead: Chifamba

Golden Sibanda Senior Business ReporterFormer ZESA Holdings chief executive Josh Chifamba, says he successfully implemented several key power projects during his tenure at the helm of the power utility and contends he has left the company in good standing going forward. Eng Chifamba, who has left the State power utility …

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TSL to inject $250 000 into Avis

Kudakwashe Mhundwa Business ReporterZimbabwe Stock Exchange listed industrial holdings group TSL, plans to inject $250 000 into its Avis vehicle rental business as the concern moves to position its self ahead of the country`s growing foreign arrivals. The development comes at a time when several companies are tapping into the …

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Gold steady

LONDON. — Gold prices held steady yesterday as investors kept a cautious stance ahead of a fresh round of Sino-US trade talks, while a firmer dollar capped gains for the bullion, which was drawing support from global economic slowdown worries. Spot gold was firm at $1,309 per ounce, as of 0605 …

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Zimbabwe economic outlook: First quarter 2019

The $8,16 billion 2019 Budget presented by Finance Minister Professor Mthuli Ncube set the tone for the economic outlook of Zimbabwe for the year 2019. Themed “Austerity for Prosperity” the budget aimed at introducing tough reforms, possibly with the intention of demonstrating to international financiers that the Zimbabwean government is …

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Rand pauses

JOHANNESBURG. — South Africa’s rand steadied early yesterday following a sharp sell off in the previous session triggered by a sudden escalation of countrywide power outages. At 0645 GMT, the rand was 0,16 percent firmer at 13.7825 per dollar, compared to its overnight close of 13.8050 in New York. On Monday, the …

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Nzenza headlines Emcoz indaba

Africa Moyo Senior Business ReporterPUBLIC Service, Labour and Social Welfare Minister Dr Sekai Nzenza is set to headline the Employers Confederation of Zimbabwe (Emcoz) indaba where the bulk of members will have an opportunity to exchange ideas with her on how to navigate the current operating environment. The breakfast meeting, …

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Trust set to revive Bulawayo industry

BY MTHANDAZO NYONI The re-industrialisation of Bulawayo has returned into the spotlight after local businesspeople formed a trust to revive the once industrial hub of the nation. The Beautiful Bulawayo Trust (BBT) was founded by Darlington Nyika and seeks to co-ordinate and establish a one stop shop that will help …

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