HAZ calls for increased air connectivity

Africa Moyo Senior Business ReporterThe Hospitality Association of Zimbabwe (HAZ) says prospects are bright for the tourism sector if Government improves connectivity of tourist centres by air. Further, HAZ called on the Government to provide financial support towards documentation of existing and potential tourist attraction centres and also create an …

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$400m NRZ deal on track

Bulawayo BureauTHE $400 million National Railways of Zimbabwe (NRZ) recapitalisation deal is still on track with six financiers having shown interest to shell out close to $1 billion into the project. In 2017, NRZ and the Diaspora Infrastructure Development Group/Transnet consortium penned the $400 million deal aimed at recapitalising and …

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‘Economy has potential to recover’

Africa Moyo Senior Business ReporterTANGIBLE economic turnaround would be witnessed this year if Government remains steadfast in dealing with the twin terrors of fiscal deficit and the failure to implement proper foreign currency management systems. This was said by prominent academic Professor Ashok Chakravarti in an interview yesterday. Already, Government …

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2018 capital market highlights

The year 2018 opened on a high note with the introduction of the All Share Price and Top Ten Indices. The two indices became effective on January 1, 2018. An index tracks the performance of a group of shares thereby giving the direction of the movement of the underlying market. …

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China, US trade wars escalate

AS the trade war escalated between the United States and China this spring, American cherry exporters in Washington state unexpectedly found their customs processing slowed at the Chinese border. Unannounced, increased inspections began in late May and in early June. The extra time the inspections took backed up shipments into …

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Year of mixed fortunes

Africa Moyo Senior Business Reporter The year 2018 ends tomorrow amid high hopes that the economic turnaround strategies set in motion by Government particularly from October, will help transform their operations and the general economic situation in the New Year. Industrialists say 2018 was overally a successful year punctuated by …

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‘Revamp tourism infrastructure’

Ishemunyoro Chingwere Business Reporter Zimbabwe needs to revamp infrastructure in the tourism industry if the sector is to reach its full potential and play a significant role towards the attainment of Vision 2030, president of the Safari Operators Association of Zimbabwe (SOAZ) Emmanuel Fundira has said. With tourist arrivals estimated …

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Zimra starts forex tax collection

Africa Moyo Senior Business Reporter The Zimbabwe Revenue Authority (Zimra) has started collecting taxes, especially Value Added Tax (VAT) and Pay-As-You-Earn (PAYE) in foreign currency from companies that collect payments in that currency, but the informal sector continues to give the tax-man serious headaches. Government directed Zimra to start collecting …

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Youths create trading platform for SMEs

Africa Moyo Senior Business ReporterFIVE enterprising youths have created a platform for Small and Medium Enterprises (SMEs) to advertise their products, particularly when running promotions, to increase brand awareness and boost sales. Dubbed “Vhuka”, the platform was developed to afford SMEs an opportunity to sell their products to many potential …

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China, US trade talks progressing well

BEIJING — China and the United States have made plans for face-to-face consultations over trade in January, the Chinese commerce ministry said yesterday, as the world’s two biggest economies advanced efforts to resolve a months-long trade war. Consultations through “intensive” telephone calls will continue in the meantime, Gao Feng, spokesman …

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