Trust key for digital economy — Mutandagayi

Costa Mano in Nyanga Trust is the major ingredient and key asset of a successful digital economy that must be underpinned by sound risk management and secure digital platforms. Speaking yesterday in his keynote address at the ongoing Zimswitch Payments Conference in Nyanga, ZB Financial Holdings group chief executive Ronald …

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Mining firms elated as Govt scraps equity laws

Golden Sibanda in Victoria Falls PLATINUM miming firms have expressed delight at reports that Government intends to lift the 51/49 equity ownership requirements on the platinum mining industry, noting that if promulgated into law, the decision will drive investment into the sector. Zimbabwe is the third biggest producer of platinum …

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Monetary policy a crucial leg: Ncube

Fradreck Gorwe Business Reporter Finance and Economic Development Minister Professor Mtuli Ncube has said the monetary policy is a vital leg in Government’s economic recovery efforts without which fiscal efforts alone are rather inadequate. Monetary policy is how a central bank governs the supply of money and interest rates in …

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Inter-bank, parallel market rates won’t converge: Analysts

BY business reporter ANALYSTS say claims by monetary and fiscal authorities that the interbank market and the parallel market for foreign currency will converge are highly unlikely in the absence of a sustained supply of foreign currency. Both the Minister of Finance, Mthuli Ncube and the Reserve Bank of Zimbabwe …

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NetOne introduces night surfing tariffs

BY MISHMA CHAKANYUKA State-owned telecommunications firm NetOne has introduced a new mobile data package in a bid to cushion its customers in the face of rising costs. Last month, mobile network operators hiked data tariffs by more than 100%, a development which squeezed consumers who are already struggling with falling …

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No meaningful development at Egodini Mall

BY MTHANDAZO NYONI BULAWAYO’s Egodini Mall developer Terracotta Private Limited has maintained that the project is still “ongoing” despite indications that nothing concrete is taking place onsite. The company director, Thulani Moyo, told NewsDay from his South African base that the project was still on course. “We are moving on …

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Economy on the mend: Ncube

BY TATIRA ZWINOIRA FINANCE minister Mthuli Ncube yesterday insisted that the economy has turned around “after six months” as per his promise last October, boasting the turnaround is being witnessed on the fiscal side. Ncube made the claim in Parliament yesterday after he was asked by Parliament’s Public Accounts Committee …

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Beitbridge business expo set for July

Thupeyo Muleya Beitbridge Bureau BEITBRIDGE town is set to hold its inaugural business expo in July this year to promote investment and the town’s economic growth in line with the country’s development drive. The expo will be held between July 4 and 6 at Dulivhadzimo Stadium. Businesswoman and Beitbridge Expo …

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2018 milk output up 18 percent

Kudakwashe Mhundwa Business Reporter Zimbabwe’s milk output for 2018 increased 18 percent to 21 million litres from 17,8 million litres produced during the previous year, statistics provided by the Reserve Bank of Zimbabwe show. According to the RBZ’s Quarterly Economic Review milk output for the informal sector also increased by …

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