Business slams post-poll violence

ZIMBABWE’s business leaders have slammed violence that erupted in Harare’s central business district (CBD) on Wednesday, saying it was not good for business growth. By FIDELITY MHLANGA This came after the army shot and killed six people, injuring several others after protesters alleged electoral fraud by Zimbabwe Electoral Commission (Zec) …

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Zim targets 3 million carats of diamonds

ZIMBABWE is targeting to produce about three million carats of diamonds by year-end up from 1,8 million produced last year, owing to a new conglomerate crushing and diamond recovery plant which will be opened in the next few months. By Freeman Makopa In a telephone interview, Mines minister Winston Chitando …

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SA platinum miner Implats to slash 13 400 jobs

JOHANNESBURG — Platinum producer Impala Platinum will slash about a third of its workforce over two years in one of the biggest rounds of job cuts by one mining company in living memory in South Africa as the platinum industry faces a day of reckoning. The number of platinum miners …

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Weed out corruption at all level: Chizana

Deloitte partner and business rescue practitioner and member of the Turnaround Management Association of Southern Africa, Tapiwa Chizana (TC) was recently elected president of Institute of Chartered Accountants of Zimbabwe (Icaz) at the organisation’s winter school held in Victoria Falls. NewsDay (ND) business reporter, Mthandazo Nyoni, caught up with Chizana …

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PJ unveils new book tonight

In the absence of many good new fiction novels, a relatively new author Philip Johan “PJ” Odendaal will tonight unveil his amazing imaginations of a continent obliterated by mankind’s greed, and self-destructive imperialism. Titled “Rise of the Vaesons”, the science fiction work imagines a world where a nuclear war has …

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Gold to disappoint

Struggling gold prices seem set for further pain, with a flight to the dollar leaving the traditional refuge asset searching for its place as investors build short positions in futures markets and Exchange-Traded Fund (ETF) holdings fall. Investors betting on a stronger US economy and higher interest rates have sought …

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Oil turns positive

Oil prices traded slightly higher yesterday, reversing course after a report suggested crude stockpiles at the US storage hub at Cushing, Oklahoma fell in the latest week. US stockpiles have been in the spotlight because they rose unexpectedly last week, stoking fears that the market is becoming oversupplied. Thursday’s data …

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45 merchandisers lose jobs

Business Reporter A TOTAL of 45 workers are up in arms with their employer, Edge Compass Trading (Pvt) Limited, after they were allegedly laid off under unclear circumstances. The workers were employed as field marketers in Bulawayo by Edge Compass Trading, which was contracted by Proton Bakery, a confectionery firm …

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Zim merchandise trade down 8,5pc in May

Tawanda Musarurwa Senior Business Reporter Zimbabwe’s total merchandise trade stood at $799,6 million in May, down 8,5 percent down from $873,7 million in April this year. According to latest Reserve Bank of Zimbabwe (RBZ) figures, the decline was on account of a month-on-month decrease in merchandise exports and imports. The …

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