SA rand rebounds

South Africa’s rand opened firmer yesterday, clawing back the previous session’s heavy losses, with investors buying the currency cheaper ahead of mining and manufacturing data and other economic data later in the day set to increase volatility. At 0645 GMT the rand was 0,28 percent firmer at 14,3400 per dollar, …

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Economic policies must empower youths: Mthuli

Michael Tome Zimbabwe should implement economic policy measures that empower youths to derive economic contribution that harnesses its demographic dividend, Finance and Economic Development Minister Mthuli Ncube has said. Demographic dividend refers to a situation where a country enjoys accelerated economic growth that stems from the decline in fertility and …

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Securities Act review boon for capital markets

Enacy Mapakame Business Reporter Proposed amendments to the Securities and Exchange Act will enhance the country’s capital markets, unlock value as well as enhance investor protection, stakeholders in the industry have said. Addressing delegates at a stakeholders meeting held in the capital yesterday, Securities and Exchange Commission of Zimbabwe (SECZ) …

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SA rand under pressure

Weaker global growth, market volatility and the political climate are the biggest issues affecting the rand, according to a Bloomberg poll. The survey, released yesterday, captured the opinions of more than 160 local bankers, CEOs, CFOs corporate treasurers, and foreign exchange and hedge fund executives at a Bloomberg event two …

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Gold steadies

Gold prices were steady yesterday, having touched a fresh five-month peak early in the session, as the dollar weakened after a soft US jobs report fuelled speculation that the Federal Reserve may stop raising interest rates sooner than expected. Spot gold inched up 0,1 percent to $1,248.59 per ounce, as …

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‘Byo industry revival vital’

Bulawayo Bureau THE revival of Bulawayo industries is critical towards achieving national economic growth targets under the Government’s new blue-print, the Transitional Stabilisation Programme (TSP), Industry and Commerce Deputy Minister, Raji Modi, has said. Speaking at the launch of a South African company, Nedlac Automation in Bulawayo on Friday night …

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Vast Resources well-funded for projects

Tawanda Musarurwa Senior Reporter AIM – listed diversified miner, Vast Resources, says it is “well-funded” to implement its various projects going forward, including its Zimbabwean projects, the Eureka Gold Mine and the Heritage Concession of the Marange diamond fields. According to CEO Andrew Prelea, the group’s recent fundraising initiatives, together …

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China ready to seal investment deals

Bulawayo Bureau China has expressed readiness to seal investment deals with any local business, including the private sector, as part of its commitment to assisting Zimbabwe to grow her economy. Acting Chinese Ambassador to Zimbabwe, Mr Zhao Baogang, said this when he officiated at the signing of a business deal …

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‘Govt mineral specific policies to boost growth’

Ishemunyoro Chingwere Business Reporter Government is working on mineral specific policies for all key resources mined in the country as part of a broad strategy to grow the sector from its current state. President Mnangagwa has set a Vision 2030 target by which the country should attain upper middle-income earning …

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Govt mismanagement, profiteering elites destroyed Zim: Moss

GOVERNMENT mismanagement and profiteering elites have destroyed Zimbabwe’s markets for food and fuel while lying to the public about actual foreign currency on hand, a former United States government official has said. BY TATIRA ZWINOIRA Former Deputy Assistant Secretary of State for Africa relations, Todd Moss, who served in the …

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