Gold imports slump

Imports slumped more than 25 percent to 54 tonnes in June from a year earlier, a person familiar with the information said, asking not to be identified as the figures aren’t public. Overseas purchases plunged 40 percent to 343 tonnes in the first half from a year ago, according to …

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Govt surpasses target for road grading

The year 2017 saw Government focus on grading the country’s national road network with gravel/earth roads to ensure that they are trafficable. A total of $126,2 million was disbursed to Road Authorities under the Government of Zimbabwe Emergency Road Rehabilitation Programme (ERRP) in 2017 as Government through the Ministry of …

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Steady gains for oil

Canadian oil prices are poised to continue their slow, steady march upward next year as shipping bottlenecks ease and US refiners look north to fill the gap created by decreasing output from Venezuela, according to Deloitte. Western Canada Select at the Hardisty hub will average C$53,35 this year and climb …

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A tool to ready business for investment

Over the last two weeks, we have discussed ways in which you can prepare yourself and your business for investment. In this week’s article, as we touch on a very important tool – the Business Plan – we draw on the biblical wisdom of Luke 24:28, “For which one of …

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Stanbic responds to clients

Stanbic Bank Zimbabwe has responded to requests by its clients in the capital to add Harare City Council as a biller on its digital platforms for ease of settling bills. Head of Personal and Business banking Partson Mahatchi said since last Thursday, Harare customers are now able to pay their …

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Colcom speaks on smaller pies

COLCOM Foods has blamed the contentious size of its pies on their plant that was commissioned in August 2015, principally to increase production and meet growing demand. The company said while it expected the new machinery to produce pies of the same size as the ones made by the previous …

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Miners welcome Govt interventions

Small-scale miners under the Zimbabwe Miners Federation (ZMF), have welcomed Government’s initiatives in the mining sector that they say are set to transform the small scale mining industry as well as improve individual miners’ livelihoods. Government on Tuesday announced that it will roll-out a number of programmes tailor made for …

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Tobacco sales reach 221,8m kg

At least 221,8 million kg of tobacco worth $647 million have been sold at contract and auction floors since the start of the selling season in March this year, statistics released by the industry regulator show. Statistics that the Tobacco Industry and Marketing Board released on day 70 of sales …

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‘Insurance companies should educate customers on products’

Ishemunyoro Chingwere Business Reporter Insurance companies should adequately explain their products to customers so that they can make informed decisions before buying policies, the Insurance and Pensions Commission (IPEC) has said. The insurance regulator said policyholders should also read the terms and conditions of the policies they want to buy …

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Agribank splashes $1m on ICT upgrade

Africa Moyo Business Reporter AGRIBANK has so far spent $1,1 million on information communication technology (ICT) infrastructure hardware, as it presses ahead with efforts to ensure system stability and provide more functions for effective service delivery. The entire ICT core banking upgrade is expected to gobble $6,6 million, of which …

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