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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Mnangagwa rejects Mines Bill

President Emmerson Mnangagwa has returned the Mines and Minerals Amendment Bill of 2015 to Parliament to have sticking issues addressed before he can sign it into law. BY BUSINESS REPORTER The legislation was gazetted in May and is being enacted to amend, rather than replace, the Mines and Minerals Act …

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‘US dollar to anchor economic recovery’

Golden Sibanda Senior Business Reporter PRESIDENT Mnangagwa has reassured the nation that the United States dollar will remain the bedrock of Government plans for accelerated reforms to address the multiplicity of challenges besetting the economy, chief among them cash and foreign currency shortages, as his administration moves to stabilise the …

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Govt to launch transitional economic plan

Africa Moyo and Michael Tome GOVERNMENT plans to launch a Transitional Economic Stabilisation Programme mid next month, which is expected to set the tone for the attainment of a middle-income economy by 2030. This was said by Finance and Economic Development Minister Professor Mthuli Ncube  in Harare yesterday while addressing …

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Unclaimed pension benefits rise to $30m

Ishemunyoro Chingwere Business Reporter THE value of unclaimed pension benefits has risen to $30 million with about 48 000 pensionable claims on the books of insurance companies lying unclaimed, the Insurance and Pensions Commission (IPEC) has said. The continued rise in the figure has jolted the insurance regulatory board to …

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Asset management key to long-term financial planning

Tatenda Makoni In an effort to make life better, the Zimnat Group offers services essential for prudent wealth management, from insuring wealth to providing short-term financing solutions and long-term financial planning. This article seeks to explore the aspect of long-term financial planning. It demystifies the term “Asset Management”, as well …

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Econet celebrates 20 years of ZSE listing

Business Reporter Econet Wireless Zimbabwe yesterday reached a major milestone after completing 20 years since its shares were listed and first publicly traded on the Zimbabwe Stock Exchange (ZSE); a month after Zimbabwe’s biggest mobile network also became the largest company on the local bourse by market capitalisation. The company …

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Mini hydro scheme for Odzani

Kudakwahse Mhundwa Property Reporter The Infrastructure Development Bank of Zimbabwe (IBDZ) says it is ready to conduct a detailed feasibility study on the Manicaland Odzani-Mini Hydroelectric power project, which is expected to be a contributor to the national grid. The project which is located in Mutasa district near the Odzani …

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Four power producers approach Zera for licences

Michael Tome Property Reporter Four Independent Power Producers (IPP) have approached the Zimbabwe Energy Regulatory Authority seeking independent licenses to venture into electricity generation. The energy regulatory authority revealed this in notices published in the media this week. If implemented, Zimbabwe’s power deficit gap could be slashed significantly. Zimbabwe currently …

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Month-on-month inflation slows

Zimbabwe’s annual inflation rate rose 0,54 percent to 4,83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. This was a marginal upturn from the July 2018 figure of 4,29 percent. Month-on-month inflation also decreased by 0,59 percentage points to 0,39 percent in …

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