Mobile trading of stocks begins next month

The mobile trading of securities will begin on July 4, a move which will result in convenience in the buying and selling of shares listed on the Zimbabwe Stock Exchange. BY BUSINESS REPORTER This is being spearheaded by capital markets regulator, Securities Exchange Commission of Zimbabwe (SECZ) and seeks to …

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Japanese mission heads for Zim

JAPAN has expressed readiness to improve trade relations with Zimbabwe, but urged the government to conduct free, fair, credible and peaceful elections next month. NewsDay (ND) business reporter, Mthandazo Nyoni, caught up with Japanese Ambassador to Zimbabwe, Toshiyuki Lwado (TL), who led a business delegation at the just-ended 2018 Zimbabwe National Chamber of …

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Sugar output to increase by 17%

Zimbabwe’s sugar production is projected to increase by 17% to 460 000 metric tonnes in the 2018/19 season, mainly due to higher volumes of better quality sugarcane available for crushing BY FREEMAN MAKOPA Department of Research and Specialist Services principal research economist, Freeman Gutsa said the increase will spur a …

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Zim seeks global competiveness

Zimbabwe yesterday launched a policy document that lays the foundation for local products to be competitive globally. BY KUDZA MUCHENJEKWA AND TAFADZWA MUTACHA Addressing delegates at the launch of Zimbabwe National Intellectual Property Policy and Implementation Strategy (ZNIPPIS) 2018-2022, Justice, Legal and Parliamentary Affairs minister Ziyambi Ziyambi said the thrust …

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CAAZ cracks whip on FlyAfrica

The Civil Aviation Authority of Zimbabwe (CAAZ) has given Fly Africa 90 days to sort out its operating status or risk revocation of their licence, documents at hand suggest. BY XOLISANI NCUBE The airline which grounded its fleet last week has 90 days to facilitate recertification and return to the …

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Sun sets on Nkala

Herbert Nkala has retired as chairman of African Sun Limited after more than three years at the helm, with the hospitality group expected to announce his successor in the coming days. BY TATIRA ZWINOIRA Speaking at African Sun’s annual general meeting held at one of their hotels in Harare yesterday, …

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Gold steady

Gold steadied after falling to its lowest in more than six months yesterday as mounting pressure from a U.S.-driven trade dispute propelled the dollar to near a one-year high and led investors to dump equities. Global equities slipped to their lowest in almost three months, buffeted again after U.S. President …

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SA rand weakens

The rand weakened to within a hair’s breadth of the symbolic R14/$, putting it on track for its worst quarterly performance since 2011. The rand has been a casualty in the trade spat between the US and China, which has brought uncertainty to the global market place, thus undermining appetite …

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Competition and Tariff Commission must decentralise say businesses

BUSINESS leaders in Bulawayo have pressed the Competition and Tariff Commission (CTC) to decentralise its operations by opening local offices to effectively assist companies. Contributing during a public workshop organised by the commission yesterday, business representatives in the city said they were facing numerous tariff and competition-related challenges that could …

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Dawn revenue up 27 percent

Property concern Dawn Properties Limited revenue for the five months to May 2018, increased 27 percent to $2,2 million compared to same period last year. Property income from hotels and timeshares was 33 percent higher than the same period last year on the back of good performance in the hospitality …

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