Beitbridge firm to process 25k tonnes of oranges

From Kudzanai Sharara in Beitbridge Fruit and allied products processor Beitbridge Juicing Private Limited, is targeting to process 25,500 tonnes of oranges at its Beitbridge plant by 2018 year end. If met, this year’s output will be 59 percent higher than the 16 000 tonnes that were processed in 2017. …

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SA rand firms

JOHANNESBURG. — South Africa’s rand firmed more than one percent in early trade yesterday, matching gains by its emerging market peers as criticism of Federal Reserve rate hikes by US President Donald Trump hurt the dollar and revived demand for some risk assets. At 0630 GMT the rand was 1,1 …

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When the unexpected happens . . .

The topic on financial protection against uncertainties through life insurance in the event of death often makes people uncomfortable. However it is not an unpleasant conversation after all, it is actually a worthwhile topic that you will live to smile about. With life insurance from Zimnat you can stop worrying …

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Gold prices rise

BENGALURU. — Gold prices yesterday climbed to a one-week high on the back of a weaker dollar, after US President Donald Trump said he was “not thrilled” with the Federal Reserve for raising interest rates. Spot gold rose 0,4 percent to $1 194,81 an ounce at 0701 GMT, after touching …

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Farmers and veld fire preparedness

Veld fires have become one of Zimbabwe’s greatest environmental challenges for the past decade, mostly affecting the farming community. These are blazes that get out of control and in the process destroy extensive tracts of forests, grasslands, animals, people and their properties. This burning has negative impacts on pastures, crop …

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Simbisa to expand Nando’s footprint countrywide

Simbisa Brands, a Zimbabwe Stock Exchange-isted (ZSE) fast foods operator, is on drive to expand the footprint of the Nando’s brand to meet growing demand for its services. BY VANESSA GONYE Simbisa Brands chief executive officer Warren Meares speaks at the official opening of Nandos Msasa branch in Harare yesterday …

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Tobacco deliveries hit 249 million kg

CUMULATIVE tobacco deliveries at the country’s three auction floors yesterday hit 249,1 million kilogrammes on day 100 of the sales period, with revenue reaching $728,75 million during mop-up sales. By Garikai Tunhira In the comparable period last year, 184,8 million kilogrammes of the golden leaf worth $548,7 million had gone …

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Strong dollar weighs on mineral commodity prices

THE outlook for Zimbabwe’s mineral commodity export earnings is less than stable as the prices of gold and platinum — the country’s top two minerals by value — face growing downward pressure from a strengthening United States dollar (USD). BY TATIRA ZWINOIRA On June 13, the United States Federal Reserve …

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Govt urges small-scale miners to diversify commodity portfolio

GOVERNMENT has called on small-scale miners to diversify their commodity portfolios and strive for international competitiveness in their operations. BY MTHANDAZO NYONI Historically, artisanal and small-scale producers are mostly concentrated in gold, where they work small claims, and chrome, where they are mostly tributaries of large players. Since 2015, small-scale …

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Zimra urges taxpayers to review tax affairs

The Zimbabwe Revenue (Zimra) has urged taxpayers to review their tax affairs and make voluntary disclosures in circumstances where there is any income omitted from returns submitted. By Freeman makopa Speaking during the official opening of the Marondera office, Zimra commissioner-general Faith Mazani said voluntary compliance from taxpayers would forestall …

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