Insurance sector urged to design products that suit farmers

BY MTHANDAZO NYONI ZIMBABWE’S insurance sector should design products that respond to the changing needs of farmers and their suppliers, Zimnat CEO Mustafa Sachak has said. Commenting on the underwriting agreement between his organisation and THI Insurance, Sachak said there was need to design insurance products that suit Zimbabwean farmers. …

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Dollar nears one-week low

LONDON. — The dollar held near a one-week low against its rivals yesterday as currency markets waited for testimony from Fed Chairman Jerome Powell that might give a further boost to risk appetite. Risky assets had a strong start to the week with the Chinese currency hitting a seven-month high …

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Rand retreats

JOHANNESBURG. — South Africa’s rand weakened early yesterday, pausing a post-budget rally that saw the currency trade below a key technical mark as demand for emerging-market currencies fuelled by trade optimism cooled. At 0640 GMT, the rand was 0.29 percent weaker at 13,8650 per dollar, compared to the close of …

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Grain millers to introduce contract farming scheme

BY Mishma Chakanyuka The Grain Millers Association of Zimbabwe (GMAZ) says it is working on a contract farming scheme targeted at increasing the country’s wheat output in order to cut back the country’s reliance on imports for the commodity. Zimbabwe requires approximately 450 000 metric tonnes of wheat annually, but …

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Women, labour rights in the workplace

Last year’s theme for the 16 Days of Activism focused on protecting the rights of women in the work-place with a particular focus on sexual harassment. It is accurate. According to a report by local human resources consulting firm Industrial Psychology Consultants published in August 2010 entitled ‘Challenges Women Face …

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Coal production set to surge

BY MTHANDAZO NYONI PRIVATE coal miner Makomo Resources says it expects to produce 350 000 tonnes of coal per month this year on the back of an anticipated increase in demand from the Zimbabwe Power Company (ZPC). The ZPC has taken a stance to cut on coal imports due to …

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RBZ justifies gold miners’ forex thresholds

The Reserve Bank of Zimbabwe reduced foreign currency retention thresholds for small- scale miners as a way of managing cash challenges the country is currently going through after foreign banks mainly South Africans, cut hard cash supplies to Zimbabwe, an official with the Apex Bank has said. The explanation, comes …

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ED virtual currency to last 6 months

BY BLESSED MHLANGA PRESIDENT Emmerson Mnangagwa, using the Presidential (Temporary Measures) Powers Act, introduced a virtual currency, the real-time gross settlement systems (RTGS) dollar, which will remain legal tender for six months if it’s not made substantive through an Act of Parliament. The Presidential Powers (Temporary Measures) allow the President …

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Zim keen to export more to Botswana

Government is planning to exploit the warm relations prevailing between Harare and Gaborone to ramp up exports and generate more foreign currency for the country. This was said by Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu in an interview with The Herald Business yesterday. Minister Ndlovu’s remarks come at a …

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