Old Mutual relists on ZSE

Business Reporter Old Mutual Limited yesterday relisted its shares on the Johannesburg Stock Exchange (JSE), undertook a standard listing on the London Stock Exchange (LSE) and secondary relistings on stock exchanges of Malawi, Namibia and Zimbabwe. The relisting is the result of Old Mutual plc’s “Managed Separation” strategy, which was …

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What is sustainable sand mining?

There are many drivers of land degradation in Zimbabwe which include deforestation, veld fires, unsustainable farming practices and sand mining. Sand mining is emerging as one of the major drivers to land degradation in urban, semi urban and rural service centres centre as well as growth points, mainly due to …

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Hippo profit rises 42 percent

Enacy Mapakame Profits for the Zimbabwe Stock Exchange-listed entity Hippo Valley Estates for the year to March 31, 2018 jumped 42 percent to $11 million compared with $7,7 million reported in the prior year despite depressed sugar production. Operating profit increased 27 percent to $17 million compared to $13,4 million …

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Be proactive, private sector told

Tawanda Musarurwa  Senior Business Reporter Government’s role is to monitor and regulate the domestic economy, but the private sector should play a more “robust” role in facilitating the creation of an investor-friendly environment, Finance and Economic Planning Minister Patrick Chinamasa has said. The minister’s remarks come within the context of …

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‘Ministers use private emails for govt business’

GOVERNMENT officials are using their private email accounts for official communication, a situation that puts sensitive documents at risk of falling into wrong hands, Finance and Economic Development deputy minister Terence Mukupe has revealed. BY MTHANDAZO NYONI “The issue of fiscalisation, information technology (IT) systems and everything, I have been …

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July 30 election results key to economic recovery

“THE economy, stupid” is a popular phrase in American politics that came about in 1992 as the then United States presidential candidate Bill Clinton used this against sitting President George Herbert Walker Bush. By TATIRA ZWINOIRA The idea behind the phrase was to bring to the attention of American voters …

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Is multi-tier pricing the problem or symptom?

As Zimbabwe’s central bank tries to calm the problem it caused in the market through the introduction of bond notes in November 2016, questions have been raised on whether the multi-tier pricing system is worth the fight or it’s only a symptom of deep-seated macro-economic problems in the country. By …

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Zim scores a first, launches women’s bank

HISTORY was made yesterday when the Zimbabwe Women’s Microfinance Bank (ZWMB) was unveiled, becoming the first bank in Southern Africa dedicated solely to transform and economically empower women. BY KUDZAI MUCHENJEKWA The bank was launched by President Emmerson Mnangagwa. In his remarks at the launch, Mnangagwa said women should take …

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Zim hosts tobacco growers’ indaba

About 75 delegates from five tobacco-growing countries converge in Harare today to discuss challenges and threats facing the sector. BY FREEMAN MAKOPA The delegates will be drawn from Zimbabwe, Malawi, South Africa, Tanzania and Zambia. Zimbabwe is now Africa’s largest producer contributing over 60% of the continent’s production. The importance …

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New policy to rev up industry

ZIMBABWE is set to unveil a National Industrialisation Policy which is expected to strengthen all sectors of the economy, a diplomatic official has said. BY TARISAI MANDIZHA The policy will run from 2018 to 2022 and is a successor to the country’s industrialisation strategy which ended in 2016. Speaking at …

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