Oil eases

LONDON. — Brent oil prices eased modestly yesterday but stayed near their highest level this year, supported by concerns that producers may fail to cover a supply shortfall once US sanctions on Iran come into force in November. Brent LCOc1, the global oil benchmark, slipped 18 cents to $78,85 a …

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Gold prices rise

Gold prices rose yesterday along with equities as the US dollar softened, with markets showing little worry over the latest escalation in the US-China trade war. Spot gold climbed 0,4 percent to $1 202,32 an ounce by 0656 GMT. US gold futures were up 0,3 percent at $1 207 an …

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Voluntary disclosure in respect of Excise offences

What are the goods liable to Excise Duty? Excise Duty is levied principally on locally manufactured goods that are classified as excisable. These include alcoholic beverages, unmanufactured tobacco, cigarettes, spirituous beverages, ethanol and beer. Zimbabwe has added other imported goods such as petroleum oils and oils obtained from bitumous minerals …

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Zimra, workers lock horns over lifestyle audits

ZIMBABWE Revenue Authority (Zimra) and its employees have clashed over loss control lifestyle audits after the board approved a policy which permits use of the audit findings as a basis for contract renewal. BY FIDELITY MHLANGA The body which represents employees of the revenue authority has begun mobilising its members …

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Low soya output stifles edible oils industry

ZIMBABWE’S edible oils sector says it remains viable inspite of intermittent stockouts, but faces challenges related to low soya output and a persistent shortage of foreign currency to maintain optimal supply, according to an association which represents producers. BY MTHANDAZO NYONI Some of the biggest oil producers include United Refineries, …

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Poultry feeds output up 46%

POULTRY feeds production increased by 46% to 98 586 tonnes in the second quarter of the year and generated more than $63 million in revenue compared to the same period last year, according to the latest report. BY MTHANDAZO NYONI In an industry update, Zimbabwe Poultry Association (ZPA) chairperson Solomon …

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Amtec expands to Vic Falls

AMTEC Motors (Amtec), a local automotive dealer specialising in vehicle sales, spare parts and accessories and vehicle servicing, says it has positioned itself for future growth, buoyed by strong automotive industry prospects in the outlook. BY MTHANDAZO NYONI The company, which operates Nissan, Mazda and BAIC dealerships, has opened a …

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Bulawayo hosts youth tourism conference

THE Zimbabwe Youth in Tourism (ZYT) is hosting a five-day conference in Bulawayo to market Brand Zimbabwe as well as engage in dialogue that will enhance youth business entrepreneurial skills. BY MTHANDAZO NYONI In a statement yesterday, ZYT said this year’s African Youth in Tourism Conference would be held from …

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James North projects 60% growth

JAMES North Zimbabwe, the largest producer of industrial protective wear and tarpaulins, projects output to increase well above 60% in 2018, buoyed by increased demand from the formal sector, currently in progressive recovery. BY MTHANDAZO NYONI The company specialises in protective gloves and shoes and mainly serves manufacturing, agriculture and …

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