Africa’s 2019 business outlook

The following article is a summary of Dr Martyn Davies’ presentation at Deloitte’s recent Africa in 2019 Outlook Conference, which took place in Johannesburg. South Africa-based Davies is managing director for emerging markets and Africa at Deloitte. At the 2018 Africa Outlook conference key trends unfolding on the continent at …

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Investment conference on cards

Enacy Mapakame Business Reporter Consolidated Africa Services (CAS) will next month host the second ZIMDABA Business Platform and Investment Conference in London as part of efforts to market Zimbabwe to the world and attract investment into the country. The conference is expected to present a platform for honest and open …

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‘Currency floating brings stability’

Michael Tome Business Reporter The recent decision by the monetary authorities to float the currency and let the value be determined by market forces, has generated some form of stability, a renowned economist John Robertson has said. The Reserve Bank of Zimbabwe (RBZ) recently moved away from the fixed 1:1 …

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Makomo wins claims dispute

Ishemunyoro Chingwere Business Reporter The Mining Affairs Board has finally settled the acrimonious coal claims dispute between Makomo Resources and Zambezi Gas, delivering a ruling in favour of the former as the rightful owners of the coal infested land. Zambezi Gas had on September 19, 2018, written to the Mining …

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Schweppes Zimbabwe wins Sadc quality award

SCHWEPPES Zimbabwe Limited came first in the Southern African Development Community Annual Quality Awards (SAQA) – Large Enterprise category for the year 2018-2019. The SAQA competition is an initiation of the Sadc Committee of Ministers of Trade and Industry (CMT), which is meant to encourage Sadc businesses, private and public …

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Mining industry awards 80% salary increment

BY MTHANDAZO NYONI WORKERS in the mining industry have been awarded an 80% salary increment following collective bargaining negotiations which will see the lowest paid employee in the sector earning ZWL$468,58 per month. The workers will receive the new salary structure which back date to January 1, 2019. Before the …

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Chinese turn iconic Charter House into luxury hotel

Chinese multinational company Touchroad International says it will partner local property firm, Mashonaland Holdings Limited, in the development of a five-star hotel in Harare. Touchroad International Holdings chairman, He Liehui, told journalists after signing a memorandum of understanding (MoU) with Mashonaland Holdings that the project was expected to cost more …

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Economy looking positive but lacks stability: Robertson

BY TATIRA ZWINOIRA ECONOMIST John Robertson says Zimbabwe’s economic situation is beginning to look promising following the central bank’s decision to liberalise the foreign exchange market last month. Speaking at a meeting on the state of the economy organised by the British Council, Robertson said the recent monetary measures that …

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