SA rand steady

South Africa’s rand firmed in early trade yesterday, a day after an election for a new parliament and provincial legislatures, while stocks fell with Steinhoff the biggest loser on the all-share index. The election was seen as the toughest test yet for the ruling African National Congress party 25 years …

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Government targets 2 million tonnes carbon, stainless steel

Ishemunyoro Chingwere GOVERNMENT envisions the production of at least 2 million tonnes of carbon and stainless steel, of which ferrochrome — one of the key ingredients — is produced locally. The move is in tandem with Government’s Vision 2030 of creating an upper middle income economy. This was revealed by …

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Water conservation: Time to up the game

Water is a very important resource giving life to humans, plants and animals. Water is quite a strategic resource that is also at the centre of socio-economic activities that include agriculture, health, energy, manufacturing, tourism, transport and construction among others. However, it must be appreciated that water is a finite …

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Premier, NIEEF in management deal

Tawanda Musarurwa Senior Business Reporter Regional mining group, Premier African Minerals says it has signed a new management agreement with the National Indigenisation and Economic Empowerment Fund (NIEEF) for the operationalisation of the RHA Tungsten Mine. This follows a US$6 million capital injection from the Government. RHA Tungsten Mine is …

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Delta cuts prices of soft drinks

Africa Moyo and Kumbirai Tarusarira ZIMBABWE Stock Exchange listed beverages manufacturer, Delta Corporation, has reduced prices of soft drinks in a bid to stimulate demand, which had markedly declined in the last few months as consumers could not afford the high prices. A 300ml returnable soft drink’s new recommended retail …

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Gold prices high

Gold prices hit their highest in more than three weeks yesterday as renewed concern over the US-China trade dispute and its potential impact on global growth curbed investors’ appetite for risk, spurring some demand for safe-haven assets. Spot gold rose 0,4 percent to $1 289,09 per ounce as of 1207 …

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River Valley hosts international business conference

Business Reporter Diversified business concern, River Valley Group, will this Saturday host an international business conference in Gweru which is aimed at drawing capital and investment into the country and afford locals an opportunity to build synergies with international business players. The conference will see captains of industry and business …

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Oil prices drop

Brent oil dropped below $70 a barrel yesterday, hurt by concerns about a deepening US-Chinese trade row, although persistent supply worries prevented a steeper price fall. US sanctions on crude exporters Iran and Venezuela, as well as supply cuts by OPEC, Russia and their allies, have supported prices in recent …

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Skills gap stifles mining sector growth

Esinathy Sibanda Bulawayo Bureau Lack of skills remains a major impediment to the desired growth of the mining industry, which is one of Zimbabwe’s key export sectors. Speaking during the launch of the Young Miners Foundation (YMF) at the Zimbabwe School of Mines (ZSM) in Bulawayo last week, the new …

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Masimba upbeat on projects

Enacy Mapakame Business Reporter Building and associated industries firm, Masimba Holdings Limited is banking on its strong order book in the current financial year, despite the prevailing challenging operating environment. Chief executive officer Canada Malunga said the group had a strong order book, valued at $45 million for projects that …

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