Brisk business on Christmas Day

Africa Moyo Senior Business Reporter Traders recorded brisk business on Christmas Day, with most supermarkets and informal businesses swarmed by consumers for the better part of the day. In Central Harare, a number of supermarkets such as Pick ‘n Pay had unusually high numbers of customers buying soft drink, bread, …

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‘Zim taxes not high’

Africa Moyo Senior Business Reporter The Zimbabwe Revenue Authority (Zimra) says Zimbabweans are not highly taxed as claimed by some sections of society. Most of these taxes compare favourably with the rest of Sub-Saharan countries, Zimra Commissioner General Ms Faith Mazani, said this last week while fielding questions after unpacking …

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Delta moves to consolidate regional markets

ZIMBABAWE’S largest beverages manufacture, Delta Corporation, says it is tying up a deal to acquire United National Breweries (UNB) of South Africa. By Freeman Makopa UNB manufactures and distributes traditional African (sorghum or opague) beer in South Africa. The products are marketed under the Chibuku, Leopard, Ijuba, Tlokwe and Joburg …

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Heifer imports to up milk production

THE Zimbabwe Association of Dairy Farmers (ZADF) says it will import at least 1 000 heifers next year to boost milk production currently hovering at around six million litres per month, an official has said. BY MTHANDAZO NYONI ZADF chairperson Kudzai Chirima told NewsDay in an interview recently that the …

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TelOne anticipates $128m revenue

Africa Moyo Senior Business ReporterTELONE is forecasting an 8 percent jump in revenue to $128 million this year, driven by broadband and data revenue, which have been performing relatively well throughout the year. The revenue is expected to rise by $10 million from last year’s $118 million. TelOne managing director …

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Consumer remains king

Ishemunyoro Chingwere Business ReporterBusiness proprietors should remain customer centred even during times when demand for goods and services appears to be outstripping supply, according to Chartered Institute of Customer Relationship Management (CICRM) executive director Dr Mthokozisi Nkosi. Customer centredness helps build personal relationships with consumers. This year’s festive season has …

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Gold prices rise

NEW DELHI. — Gold prices in India regained some momentum today, tracking higher global rates and fresh buying by jewellers. In global markets, gold prices rose close to six-month highs on safe-haven demand. Concerns about a possible prolonged US government shutdown and global growth weighed on the dollar and equity …

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US investors keen on Zim

Pamela Shumba Bulawayo BureauAN American company has expressed interest in investing in different sectors of the country’s economy, an indicator of a positive business environment under the new dispensation led by President Mnangagwa. United States Ambassador to Zimbabwe Mr Brian Nichols, revealed this during a closed door meeting with Deputy …

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Corporates leave R7bn tax hole in SA

Some of the biggest multinational firms that are coining it in SA appear to be transferring a substantial portion of their gains to their parent companies in tax havens. But there are ways to combat this. Two groundbreaking research papers on corporate tax avoidance in SA have found that the …

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SA rand firms

JOHANNESBURG. — The rand gained early yesterday in low-volume trade ahead of a holiday-shortened week, as political instability in the United States curbed the dollar’s recent surge. At 0630 GMT, the rand was 0,21 percent firmer at R14,6000 per dollar, compared to a close of R14,6300 on Friday in New …

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