Zim trade deficit with SA jumps three-fold

ZIMBABWE’S trade deficit with South Africa jumped 285% to $585,76 million in the period February to September this year compared to $152,1 million recorded during the same period last year, latest figures show. By Mthandazo Nyoni The country imported goods and services from South Africa worth $1,858 billion against exports …

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The EIA and small scale artisanal miners

Zimbabwe is endowed with vast mineral resources, especially along the Great Dyke. As such, the mining industry has expanded over the years and is a significant contributor towards the nation’s Gross Domestic Product. The mining industry is characterised by large, medium and small scale miners. The Agency uses various tools …

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Wheat stuck at Beira as bread shortages persist

Millers have called on the Transport ministry to intervene to expedite the transportation of wheat into the country after it emerged that a consignment of imported wheat is stuck at Beira. By Freeman Makopa Zimbabwe last week imported 30 000 tonnes of wheat after some millers had closed shop due …

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Business leaders conflicted over imports ban

BY FIDELITY MHLANGA Government promulgated SI64 in 2016 as a measure to limit the inflow of imports in a bid to grow local industry before consolidating it to SI22 last year. Zimbabwe National Chamber of Commerce (ZNCC) chief executive Christopher Mugaga said government must revoke the SI22 that prevents the …

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Choosing right motor vehicle insurance

Johnson Chiutanyi With so many insurance companies offering different types of vehicle insurance, buying a car insurance policy for the first time can be an overwhelming experience. You need to choose the best policy to cover your vehicle in the event of an incident. What we should clearly point out …

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Companies Act to be overhauled

PARLIAMENT has gazetted the Companies and Other Business Entities Bill, 2018, which will, among other issues, update the archaic 67-year-old Companies Act which was legislated way back in 1951. BY VENERANDA LANGA The Bill, if passed, will improve corporate governance practices in the private sector, and regulate how directors interact …

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Exhibitors at Mine Entra clinch ‘lucrative’ deals

THE majority of exhibitors who took part at the mining, engineering and transport exhibition (Mine Entra) managed to seal “lucrative” deals, the Zimbabwe International Trade Fair (ZITF) Company has revealed. BY MTHANDAZO NYONI Running under the theme Mineral Beneficiation: Catalyst for Economic Growth, the fair attracted a total of 251 …

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Inflation hits post-dollarisation high

THE year-on-year inflation rate stood at 5,39 % in September, the highest since dollarisation, latest data from the Zimbabwe National Statistical Agency (ZimStat) shows. BY FIDELITY MHLANGA This is the highest figure since the country abandoned its own currency and adopted a multicurrency basket anchored on the United States dollar …

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Listed property firms gain ground

Enacy Mapakame Property Reporter Zimbabwe Stock Exchange (ZSE) listed property firms last week recovered from losses they incurred in the first half of the year with gains sustained by increased demand experienced across the bourse. All the four listed property concerns except for Dawn, recorded significant gains last week. There …

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