Planning for continuity of your business

Succession planning is a critical but often overlooked human resources strategic objective that many organisations do not address in a systematic way. Forecasting on the organisation’s future human resources requirements and having a clear succession plan in place will see the organisation live beyond employees who then resign, retire, are …

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SA rand weak

JOHANNESBURG. — South Africa’s rand weakened on Tuesday as emerging market currencies lost ground with further deterioration in United States and China trade relations subduing demand for risk assets. At 0650 GMT the rand was 0,32 percent softer at 15,1050 per dollar compared to a close of 15, 0575 in …

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Gold prices fall

Gold prices fall LONDON. — Gold fell yesterday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China. Spot gold was down 0,3 percent to $1 193,61 an ounce at 1200 GMT, after hitting its lowest since 24 …

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Tax reforms loom

Africa Moyo Senior Business Reporter The Zimbabwe Revenue Authority (Zimra) has called on taxpayers to take advantage of the 2019 national budget consultations that are expected to commence soon, to propose changes, if any, to some sections of the tax system to encourage voluntary compliance. This was said by Zimra …

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Imports rise 26%, forex pressures worsen

ZIMBABWE’S import bill rose 26% in the six months to July 31 this year, driven by firming demand for fuel and food. Data for January is missing. BY MTHANDAZO NYONI The growing import pressures also saw the country’s trade deficit rising 27% to $1,48 billion from $1,15 billion in the …

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Metbank to focus on mortgage financing, e-banking

METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the institution on a five-year horizon. BY FIDELITY MHLANGA The lender’s mortgage business will prioritise property development, while its commercial banking …

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Govt rules out bread shortages

Africa Moyo Senior Business Reporter Government has ruled out the possibility of bread shortages in the country as mechanisms have been put in place to import wheat in the short-term. Further, Government wants to boost wheat cropping to secure long-term availability of flour. This was said by Lands, Agriculture and …

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Prospect Lithium secures $10m export facility

Golden Sibanda AUSTRALIA Stock Exchange (ASX) listed Prospect Resources, says its Zimbabwean unit, Prospect Lithium Zimbabwe, has secured $10 million export finance facility from the Reserve Bank through CBZ Bank Limited. The batteries lithium miner said the loan was another building block in the financing of the Arcadia Lithium Mine …

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GMB receives 900k tonnes of maize

The Grain Marketing Board (GMB) has received 896 273 tonnes of maize and 21 750 tonnes of small grains as the parastatal has come up with measures to ensure smooth deliveries of the grain to its depots. GMB general manager Rockie Mutenha, yesterday said GMB was receiving an average of …

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Zim gets new IMF representative

Business Reporter THE International Monetary Fund has a new resident representative in Zimbabwe, Patrick Amir Imam. Mr Imam, who prior to his posting to Zimbabwe was IMF representative for Madagascar, takes over from Mr Christian Beddies who has been the IMF’s resident representative in Zimbabwe since May 2014. “The International …

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