NSSA ups stake in RTG

Golden Sibanda Senior Business Reporter The National Social Security Authority (NSSA), says it has increased its shareholding in hotelier, Rainbow Tourism Group (RTG), from 60 percent to 67 percent, enabling the group’s management to have clear control and direction. NSSA acting chairperson Daphne Tomana, said that the State pensions authority …

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Committee to correct chrome pricing issues

Ishemunyoro Chingwere Business Reporter THE Minerals Marketing Corporation of Zimbabwe (MMCZ) has formed a chrome ore pricing committee that will be tasked with setting up minimum floor prices for all chrome exports. The move is in line with Government’s call to maximise returns on the country’s rich mineral deposits some …

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ZITF manager resigns

Dumisani Nsingo Bulawayo Bureau Zimbabwe International Trade Fair (ZITF) Company general manager Mrs Nomathemba Ndlovu has officially quit her post. ZITF Company board chairperson Ms Ruth Ncube, confirmed that Mrs Ndlovu who was serving a three months notice following her voluntary resignation in June, had severed ties with the country’s …

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ED’s key priorities

Africa Moyo Business Reporter President Mnangagwa, who swept to victory in last week’s historic harmonised elections, has the immediate task of turning around the economy particularly ensuring the availability of cash and pressing ahead with the re-engagement process. Challenges of cash shortages have hit the country since May 2016 and …

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Inputs distribution in full swing

Business Reporter The agricultural inputs distribution programme for this year is in full swing as Government moves to ensure that farmers receive necessary support on time for a successful farming season. Already, thousands of rural households in various districts have received input packages of cotton and maize under the Presidential …

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Business slams post-poll violence

ZIMBABWE’s business leaders have slammed violence that erupted in Harare’s central business district (CBD) on Wednesday, saying it was not good for business growth. By FIDELITY MHLANGA This came after the army shot and killed six people, injuring several others after protesters alleged electoral fraud by Zimbabwe Electoral Commission (Zec) …

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Zim targets 3 million carats of diamonds

ZIMBABWE is targeting to produce about three million carats of diamonds by year-end up from 1,8 million produced last year, owing to a new conglomerate crushing and diamond recovery plant which will be opened in the next few months. By Freeman Makopa In a telephone interview, Mines minister Winston Chitando …

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SA platinum miner Implats to slash 13 400 jobs

JOHANNESBURG — Platinum producer Impala Platinum will slash about a third of its workforce over two years in one of the biggest rounds of job cuts by one mining company in living memory in South Africa as the platinum industry faces a day of reckoning. The number of platinum miners …

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Weed out corruption at all level: Chizana

Deloitte partner and business rescue practitioner and member of the Turnaround Management Association of Southern Africa, Tapiwa Chizana (TC) was recently elected president of Institute of Chartered Accountants of Zimbabwe (Icaz) at the organisation’s winter school held in Victoria Falls. NewsDay (ND) business reporter, Mthandazo Nyoni, caught up with Chizana …

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PJ unveils new book tonight

In the absence of many good new fiction novels, a relatively new author Philip Johan “PJ” Odendaal will tonight unveil his amazing imaginations of a continent obliterated by mankind’s greed, and self-destructive imperialism. Titled “Rise of the Vaesons”, the science fiction work imagines a world where a nuclear war has …

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