Firm launches ICT fuel management system

Ishemunyoro Chingwere Business ReporterA FUEL solutions technology company, Garage and Forecourt (Pvt) Ltd, is rolling out an ITC based fuel management system that it argues might be panacea to manual and less accurate fuel gauging and management currently dogging service stations. According to managing director Omalli Jani, the new system …

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Manufacturers favour tuckshops paying forex

Africa Moyo Senior Business ReporterGOVERNMENT’S battle to provide lowly priced products to citizens could be futile as long as manufacturers continue to deliver goods to traders in the informal sector, particularly the tuck shops in downtown Harare, which largely operate outside the tax system. Manufacturers have come under fire in …

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SA waste management firm keen to invest in Zim

Business ReporterA SOUTH African company, Mashana Business Enterprises — whose representatives met President Mnangagwa at the World Economic Forum in Davos, Switzerland last year — has approached Government with a US$327 million investment kit for waste management. The group’s representatives held meetings with Government and yesterday met stakeholders in the …

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SA rand stable

JOHANNESBURG. — South Africa’s rand held steady in early trade yesterday, with the dollar subdued and markets hopeful that an all-out U.S.-China trade war could be averted. At 0731 GMT, the rand traded at 13.8775 versus the US currency, 0,1 percent weaker compared to its previous close. The rand was …

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Gold steady

BENGALURU. — Gold steadied near a more than six-month peak yesterday as the dollar’s slight recovery offset concerns about economic growth after US-China talks failed to provide clarity on efforts to end their trade dispute. Spot gold was little changed at $1,292.95 per ounce as of 1256 GMT, hovering near …

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Ford to cut jobs in turnaround plan

Car-maker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across Europe, including the UK, although cuts at its UK factories are not thought to be imminent. But Ford Europe boss Steven …

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Entrepreneur opens backpackers lodge

A LOCAL entrepreneur has invested $55 000 into a backpackers lodge targeting both local and foreign tourists to help the travellers explore the country. By Staff Writer Backpackers entrepreneur Patrick Gwatiringa Backpacking is a form of low-cost, independent travel. Unlike conventional vacations, it includes the use of public transport, inexpensive …

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Civil servants threaten govt shutdown

APEX Council, the umbrella body which represents public sector workers, says it will press ahead with plans to launch a full-blown strike, as negotiations between government and workers unions have not yielded any results. By Mishma Chakanyuka Civil servants, the majority of who earn an average of $500 per month, …

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Zim economy to grow 3,7%: WB

ZIMBABWE’S economy is seen growing 3,7% this year after recording growth of 3% in 2018, the World Bank has said. BY KUDA CHIDEME Harare has a rather ambitious projection of 5%, which is anchored on mining and tourism, as authorities in the southern African country hope that the strong growth …

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Zim lines up 10 diamond auctions

Martin Kadzere Senior Business ReporterZimbabwe is looking at conducting 10 diamond auctions this year, as it seeks to generate more revenue from the gems, the country’s minerals marketing agency has said. The targeted auctions are double what the Minerals and Marketing Corporation of Zimbabwe held last year, the State-owned entity …

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