Huge turnout at Sanganai expo

Prosper Ndlovu Bulawayo Bureau Several companies were still trickling to Bulawayo yesterday for the on-going 11th edition of the Sanganai/Hlanganani World Tourism Expo, which has received overwhelming response from local exhibitors and international buyers. The City of Kings is hosting one of Africa’s prime tourism and travel showcases, which has …

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Delta invests $260k in road upgrade

Business Reporter Delta Corporation, a key player in economic development, has invested over $260 000 towards the upgrade of a road junction that links its Fairbridge Chibuku Super plant with the Harare-Bulawayo Highway. Even after the refurbishment of the Plumtree — Harare — Mutare highways by Group Five to the …

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First Lady donates 50 laptops

Hilda Muchamiri Herald Correspondent The donation of 50 laptops to Rufaro High School in Masvingo by First Lady Amai Auxillia Mnangagwa, is expected to democratise the use of modern technology in the country. Amai Mnangagwa made the donation through Angel of Hope Foundation, during the Apostolic Faith Mission (AFM) annual …

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Gold trades lower

According to Angel Commodities, yesterday, spot gold prices declined by 0,78 percent to close at 1191. On the MCX, gold prices followed the same trend and declined 0,49 percent during the same time frame. Yesterday, spot gold prices declined by 0,78 percent to close at 1191. On the MCX, gold …

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Wheat supply situation under control: RBZ

Enacy Mapakame Business Reporter The Reserve Bank of Zimbabwe Governor  Dr John Mangudya yesterday said the wheat supply situation in the country was under control despite reports that six  millers had suspended operations due to shortages. Dr Mangudya said the situation was “under control” as the central bank had put …

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Rand weakens

South Africa has gone into recession after its economy shrank by 0,8 per cent in the second quarter of the year. A recession is technically defined as when an economy contracts over two consecutive quarters. The main reasons behind the contraction in the second quarter were slowing agriculture, transport and …

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Emerging markets reel as dollar flexes muscles

LONDON. – The sell-off in emerging markets gathered pace on Wednesday and global stocks fell for the fourth day in a row as a looming deadline in the US-China trade conflict kept the dollar holding firm near two-week highs. A public comment period on the possibility of fresh US tariffs …

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Anti-corruption body to probe commercial fraud

The Zimbabwe Anti-Corruption  Commission (ZACC) yesterday announced plans to investigate commercial  crimes such as cash hoarding by corporates as it is now capacitated to conduct investigations countrywide.  Previously, ZACC was only conducting investigations in the capital and could not open offices outside Harare or recruit staff, owing to lack of  …

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African Sun profit up 672pc

Enacy Mapakame Business Reporter Hospitality group, African Sun Limited, reported earnings growth for the half year to June 30, 2018 as operating profit surged 672 percent to $3,8 million on good business during election period. Revenue rose 29 percent to $27 million buoyed by increased volumes at its hotels. Basic …

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Council of Tourism refocuses

Ishemunyoro Chingwere Business Reporter THE Zimbabwe Council of Tourism (ZCT) has re-branded and morphed into the Tourism Business Council of Zimbabwe (TBCZ) a move that is expected to see the Travel and Tourism representative board broadening its scope and grow the tourism industry. The ZCT was formed in 1988, with …

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