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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ZSE gains in post poll trading

Golden Sibanda Senior Business Reporter The Zimbabwe Stock Exchange (ZSE) market capitalisation registered marginal gains for most of last week, as investors wrote off major change on the political front and adding 0,76 percent to close the week to July 17 higher at $11,99 billion in trading largely driven by …

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Indonesia backs Zim’s Vision 2030

Africa Moyo Business Reporter Indonesia has pledged to support Zimbabwe in its endeavour to achieve Vision 2030, which seeks to transform the country into a middle-income economy through the creation of decent jobs for the active population. This was said by Indonesia’s Deputy Ambassador to Zimbabwe Dr Partogi Samosir last …

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Experts to offer surveying, engineering solutions

Elita Chikwati Senior Reporter Geomatics professionals have pledged to assist Government in coming up with solutions to challenges being faced by the country in surveying and the engineering sectors. Geomatics is the broad term that covers land surveying, engineering surveying and geographic information systems (GIS), mining surveying, remote sensing and …

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