Bread, transport fares up

The price of bread has gone up while transport fares have also moved northwards, a clearest sign of increased economic turmoil coming on the back of recent monetary and fiscal policy measures. BY TATIRA ZWINOIRA It now costs $1,50 to buy a standard loaf of bread, 50% more expensive and …

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Govt to stimulate FDI with global tenders

FINANCE minister Mthuli Ncube says government will accelerate the reform of State-owned Enterprises (SoEs) and parastatals, starting with quick hits such as TelOne, NetOne and the People’s Own Savings Bank (POSB), which will be shed-off “in the next six months”. BY FIDELITY MHLANGA SoEs and parastatal reform is a key …

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More exhibition space for Mine Entra, rates slashed

THE Zimbabwe International Trade Fair (ZITF) Company has opened more exhibition space for the Mining, Engineering and Transport (Mine Entra) expo taking place this week to accommodate more exhibitors after a record spike in occupancy on rising business confidence in the sector. BY MTHANDAZO NYONI The expo will run from …

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CABS makes headway in long-term financing

Central African Building Society (Cabs) says it is focused on providing long-term finance and has already secured over $30 million in credit lines, which is ready for disbursement to export-oriented productive sectors, managing director Simon Hammond has said. BY MTHANDAZO NYONI The wholly-owned Old Mutual Zimbabwe subsidiary is the largest …

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ZCTU opposes IPEC regulation of NSSA

THE Zimbabwe Congress of Trade Unions (ZCTU) has objected to the Insurance and Pension Commission (Ipec)’s proposal to regulate the National Social Security Authority (NSSA). BY FIDELITY MHLANGA ZCTU president Peter Mutasa, giving a talk at the Safety and Health at Work (SHAW) conference held by NSSA last week, said …

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BCC to shed off Ingwebu Breweries

Bulawayo City Council’s privatised Ingwebu Breweries requires $20 million in fresh capital for retooling and is looking for potential investors, acting managing director Johannes Gumbo has said. BY MTHANDAZO NYONI Ingwebu operated as a wholly-owned business entity of the BCC through Bulawayo Municipal Commercial Undertaking from 1996 to 2016. Following …

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Govt to address trade imbalances

GOVERNMENT is developing and implementing strategies to overturn unsustainable trade imbalance as it forges ahead with its efforts to make Zimbabwe an export-oriented economy, President Emmerson Mnangagwa has said. BY MTHANDAZO NYONI Addressing delegates attending ZimTrade Exporters’ conference held in Harare last week, Mnangagwa said the country’s trade imbalances were …

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TelOne launches entertainment streaming service

BY KUDZAI MUCHENJEKWA TelOne managing director Chipo Mtasa said the service innovation marked an important milestone in the company’s efforts to adapt to the changing telecoms landscape. “TelOne is excited to be launching this ground-breaking service, which will enhance our service offering to our broadband customers,” said Mtasa. “With the …

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Firms urged to invest more in research

Industry and Commerce minister Nqobizitha Ndlovu has challenged Zimbabwe’s manufacturers to adopt new technology and scale up innovation through increased research and development investments in order to boost export competitiveness. BY MTHANDAZO NYONI “There is need for the productive sectors to devise strategies to improve on exports competitiveness. The global …

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Telcom revenues jump 20pc

Enacy Mapakame Business Reporter Zimbabwe’s mobile operators have continued on a growth trajectory with 2018 second quarter revenue increasing by 19,7 percent to $292,9 million compared to the previous quarter on growth across the board. Figures from regulator, Postal and Telecommunications Regulatory Authority (Potraz) show that mobile internet, data traffic, …

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