Money transfer service sings the blues

ZIMPOST’S money transfer service, Zipcash, is struggling to break even due to cash shortages and failure by the South African corridor to perform up to standard, acting managing director Sifundo Moyo has said. By Staff Reporter “Zimpost’s money transfer service, Zipcash, has not experienced growth to the levels that had …

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‘Government policies should promote use of local goods’

Michael Tome Business ReporterGovernment should promote policies that stimulate individual and corporate consumption of locally produced goods and services, Buy Zimbabwe chairman Dr Anxious Masuka has said. This development comes on the back of Zimbabwe’s ever ballooning import bill leading to the country’s perennial trade deficit over the years. Addressing …

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Business slams Ncube’s forex committee

BUSINESS leaders say the setting up of a forex allocation committee by government will not solve the prevailing foreign currency crisis. BY FIDELITY MHLANGA Finance minister Mthuli Ncube last Friday set up a forex allocation committee comprising four members from the central bank, two drawn from the Finance ministry and …

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China, US trade war intensifies

Weak sales at Apple and Cargill, US giants of technology and agriculture, may be the clearest sign yet that President Donald Trump’s quest to reset world trade carries costs at home and could isolate the United States as the increasingly fragile engine for global economic growth. Apple, a global technology …

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Welcome back to Zim’s Capital Market

Compliments of the new season! While 2018 was yet another memorable investment period with the launch of the new indices and C-Trade amongst other initiatives, 2019 is promising to be even more exciting. As we welcome the new year, remember that setting financial goals for the year is certainly one …

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Apple revenue drops in China

Apple cut its revenue outlook for the first time in almost two decades citing weaker demand in China, triggering a slump for Asian suppliers and a wave of lower price targets on Wall Street. Chief Executive Officer Tim Cook said sales will be about $84 billion in the quarter ended …

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NSSA in massive multimedia blitz

Business Reporter The National Social Security Authority (NSSA) has embarked on a campaign aimed at raising awareness to the public of the benefits they are entitled to in the event of death, retirement, workplace injury or any other tragedy. Informed by findings from different surveys, as well as insights from …

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Caledonia to maintain quarterly dividend policy

Golden Sibanda Senior Business Reporter TORONTO Stock Exchange (TSX) listed Caledonia Mining Corporation, whose main asset is 49 percent stake in Blanket gold mine in Zimbabwe, declared a quarterly dividend of 6,87 US cents per share. The company in line with its strategy of maximising shareholder value, which included quarterly …

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Consumers appeal for Gvt protection

Bulawayo Bureau The Consumer Council of Zimbabwe (CCZ) has appealed for urgent Government intervention in protecting consumers against the tide of foreign currency pricing of goods and services at a time when a majority of people’s salaries are not pegged in hard currency. The consumer’s plight has been compounded by …

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Zimra to collect $6,2bn in 2019

Africa Moyo Senior Business Reporter The Zimbabwe Revenue Authority (Zimra) plans to collect $6,2 billion from taxes this year, representing about 76 percent of the $8,16 billion 2019 Budget. With Zimbabwe’s gross domestic product (GDP) projected to reach $31,6 billion in 2019, Treasury is looking to generate revenues amounting to …

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