‘SI 142 welcome intervention’

Fradreck Gorwe The decision by the Government through the Ministry of Finance to put an end to the multi-currency system and de-dollarise under Statutory Instrument 142 of 2019, is a “welcome intervention”, FBC Holdings chief executive officer John Mushayavanhu has said. Speaking at the group’s annual general meeting last week, …

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SA rand retreats

South Africa’s rand retreated early yesterday, pausing after a two-day advance as investors took profits and looked ahead to the G20 summit where the United States and China are set to agree a truce in their tariff war. At 0650 GMT the rand was 0,1percent weaker at 14,2300 per dollar, …

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Gold prices slip

Gold prices fell yesterday as hopes of a truce in the US-China trade spat ahead of a weekend meeting at the G20 summit rekindled investors’ interest in riskier assets, weighing on safe-haven bullion. The South China Morning Post, citing sources, said Washington and Beijing were laying out an agreement that …

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Digital solution to waste collection

In recent weeks a new Econet business has “swept” the city of Harare — quite literally. Clean City is a digital platform used by private waste collection companies to collect rubbish bins from homes. It uses a franchise business model and is simply providing a digital platform that links companies …

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President to lead buy local indaba

Natasha Chamba Bulawayo Bureau PRESIDENT Mnangagwa is expected to meet business executives from across the country at this year’s 2019 annual Buy Zimbabwe Summit to be held in Bulawayo. Proceedings will be held at the Zimbabwe International Trade Fair (ZITF) exhibition centre under the theme, “Enhancing local production, preference and …

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Sino-US trade truce hopes rekindle risk appetite

Risk appetite returned to world markets yesterday following a media report the United States and China have tentatively agreed to a truce ahead of a highly-anticipated weekend meeting of the two nations’ leaders in Tokyo. The South China Morning Post (SCMP), citing sources, said Washington and Beijing were laying out …

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Zimra collects $5 billion

The Zimbabwe Revenue Authority said yesterday it collected about ZWL$5 billion in the first half of this year, out of its 2019 target of ZWL$9,6 billion. Zimra commissioner general Faith Mazanhi said the agency was optimistic it would attain its target again this year, after managing to do so in …

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REA targets 60pc rural populace for modern energy sources

Government is forging ahead with its thrust to modernise rural areas with the Rural Electrification Agency (REA) pledging to bring access to electricity to 60 percent of the rural populace by 2030 in line with President Mnangagwa’s vision to make Zimbabwe an upper middle income economy by 2030. REA board …

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Milk output rises 14 percent

ZIMBABWE’S milk output for the first quarter increased by 14 percent to 19,4 million litres compared to the same period last year, the Livestock and Meat Advisory Council has said. In its latest report for the period under review, the Livestock and Meat Advisory Council (LMAC) said: “Milk production for …

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Mineral quality testing costs Zim

Ishemunyoro Chingwere Business Reporter Zimbabwe could be losing millions of US dollars in potential revenue due to the inability by relevant state departments to certify minerals value before export due to the unavailability of certification laboratories and technologies. This was revealed at a stakeholders consultative conference held in Harare recently …

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