Rand gains

South Africa’s rand gained more than 2 percent yesterday, bouncing off a two-year low struck a day before, when investors dumped emerging market assets because of fears over the Turkish economy. At 0705 GMT, the rand traded at 14.0800 versus the dollar, around 2.3 percent stronger on the day and …

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Zim aquaculture export volumes down 12pc

Tawanda Musarurwa Senior Business Reporter Zimbabwe’s fish exports volumes declined 12 percent between February and April 2018 from the prior comparable period due to high business costs, official figures from the Livestock and Meat Advisory Council (LMAC) show. Commercial fish farming (aquaculture) in the country is still a small industry …

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‘FDI commitments to catalyse job creation’

Enacy Mapakame Business Reporter Numerous foreign direct investment (FDI) commitments made, coupled with a conducive business environment obtaining in the country, will act as catalysts for job creation, a brokerage firm IH Securities has revealed. The broking firm also indicated that with local industry becoming more operational as new companies …

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Pork supplies increase by 2,7%

THE number of slaughtered pigs has increased by 2,7% in the first-half of 2018 compared to the same period last year, an indication that the sector has started picking up following the drought experienced in the 2015/16 cropping season, an industry official has said. BY MTHANDAZO NYONI Pig Industry Board …

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No plans to set up African plant: BMW

BMW group says there are no plans yet for setting up a second manufacturing plant on the continent outside of South Africa. BY FIDELITY MHLANGA Head of BMW group’s Business and Finance Communications Renate Heim told journalists attending the International Journalism Programme in Germany recently that Africa accounted for around …

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Asking, answering fundamental questions through informal markets

Street markets or roadside food markets have remained a permanent feature in most developing countries. The fact that these markets continue to flourish alongside emerging shopping malls shows they occupy a unique position in commercial activities. Informal markets were previously designed for disadvantaged, low income households with ad hoc incomes …

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So far, signs not pointing to investor interest

A quick search done on Zimbabwe on the Google search engine yesterday in the morning under the news section, before scrolling down the page, gave eight stories on the country, with five being negative. Business Analysis: TATIRA ZWINOIRA Therefore, if a foreign investor did a simple web search of the …

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Election dispute weighs down ZSE

THE Zimbabwe Stock Exchange (ZSE)’s market capitalisation lost over $200 million last week as the market indices continued to be held down by the uncertainty around elections, ZSE data shows. BY TATIRA ZWINOIRA According to trading data from the ZSE, in terms of a week-on-week performance for last week compared …

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Tiles For Africa offers credit terms to homeowners

Tiles For Africa has partnered local finance firm, Delight Africa Group to offer a $15 million credit facility per month to homeowners seeking to tile their homes. BY TATIRA ZWINOIRA Delight Africa Group subsidiary, Delight Finance signed a deal with Tiles For Africa late last month which will see both …

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Family basket goes up

THE Consumer Council of Zimbabwe (CCZ) says the family basket went up by $6,99 to $598,04 by the end of July 2018, due to fuel price fluctuations, anticipation of salary adjustments for civil servants and seasonal consumption patterns. BY MTHANDAZO NYONI In a statement last week, CCZ said the food …

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