Will Informal businesses agree to use POS machines?

Livingstone Marufu Business Reporter As cash shortage continues to bite, the authorities are leaving no stone unturned in their efforts to hammer solutions to downtown price headache by persuading the informal businesses to start using Point Of Sale (POS) machines. This comes as Government has set up a task force with a …

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Bitcoin made easy: What is cryptocurrency?

Jeffrey Gogo The explosive growth in the use of, and investment in, cryptocurrencies by Zimbabweans in the last few months has put financial regulators on the defensive. In 2017, more than $5,3 million worth of Bitcoin – the benchmark cryptocurrency – was traded on the country’s biggest digital currency exchange …

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April inflation marginally up

Business Reporter Zimbabwe’s annual rate of inflation for April rose marginally by 0,03 percentage points on the March rate to 2,71 percent, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. “This means that prices as measured by the all-items CPI (Consumer Price Index) increased by an average of 2,71 …

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Dairibord revenue up 17pc in Q1

Enacy Mapakame Dairy and food processor, Dairibord Holdings’ performance in the four months to April was above the same period last year with revenue growth at 17 percent ahead of prior year. In a trading update to shareholders at the group’s annual general meeting in Harare yesterday, group chief executive officer …

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NRZ finalises tariff for coal miner

Africa Moyo Business Reporter The National Railways of Zimbabwe (NRZ) is set to thrash out a viable coal transportation rate for Liberation Mining, a Hwange-based coal miner that is targeting the export market after the firm protested the charges that it claimed were exorbitant. Liberation Mining had raised concern that …

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Demystifying positive use of artificial intelligence

Today on PowerChat, your leading converged telecommunications operator will focus on demystifying what is known as artificial intelligence. The company has found it imperative to share this knowledge with customers, readers and the entirety of the telecommunications fraternity against the background that the world is moving in the realm of …

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Oil hits high

LONDON – Oil prices hit a 3-1/2-year high on Tuesday, supported by tight supply and planned U.S. sanctions against Iran that are likely to restrict crude oil exports from one of the biggest producers in the Middle East. Brent crude oil LCOc1 reached $79.22 a barrel, up 99 cents and …

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Rationale for the benchmark interest rate

Dr Sanderson Abel An interest rate is the compensation for the service and risk of lending money. Broadly defined, it is the cost of borrowing money. Interest rates are normally set using the market forces of demand and supply. The equilibrium interest rates are determined by the demand and supply …

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Gold dips

LONDON. – Gold dipped on Tuesday, heading for a third straight day of losses as a rise in US borrowing costs supported the dollar and overshadowed the impact of strife in Gaza. Israeli troops shot dead dozens of Palestinian protesters on the Gaza border on Monday when the high-profile opening …

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