Meikles challenges assets sale

Martin Kadzere Senior Business ReporterMEIKLES Limited has appealed to the sheriff for the confirmation of sale of assets belonging to its subsidiaries, Tanganda Tea Company and Meikles Hospitality. This follows the auctioning of some of the assets related to Meikles’ investments in Tanganda and Meikles Hospitality to recover $1,4 million …

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Govt suspends duty on commodities

Michael Tome Business ReporterSuspension of duty on selected commodities among them luxury and public service buses, ammonium nitrate fertilisers, fertilised eggs for hatching and powdered raw milk among other critical goods, came into effect on Wednesday last week, according to Government Gazette published on Friday. Some of the goods on …

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What US-Africa strategy means

The tail end of 2018 was inundated with various news cycles, both domestic and international, which eventually over shadowed a major policy pronouncement — the United States (US)-Africa strategy. After two years without much clarity on the Trump Administration’s stance on Africa, it seemed ironic that the Africa strategy almost …

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What US-Africa strategy means

The tail end of 2018 was inundated with various news cycles, both domestic and international, which eventually over shadowed a major policy pronouncement — the United States (US)-Africa strategy. After two years without much clarity on the Trump Administration’s stance on Africa, it seemed ironic that the Africa strategy almost …

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Moza indicts 18 people for fraud

MAPUTO — Mozambique has indicted 18 citizens for their involvement in fraud involving $2 billion in loans to State-owned companies, the Attorney General’s office (AGO) said on Monday, in a scandal that has ensnared two major international banks. “Mozambique AGO is indicting 18 defendants, (ranging) from public workers and other …

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Avoid market jitters, stay the course

Rishay LallaThe recent inflation spike coupled with volatility on the parallel market, low interest rates and a hazy economic outlook are just a few ingredients of what seems to be a rather distasteful beverage being served to investors in Zimbabwe. Media coverage has raised toxicity, fuelling anxiety levels through providing …

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SA rand slips

JOHANNESBURG. — South Africa’s rand slipped early yesterday, as the dollar inched higher following a recent slump. At 0640 GMT, the rand traded at 13 9550 versus the US currency, 0,5 percent weaker than its previous close. Similar falls were seen in other emerging market currencies like the Russian rouble …

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Gold prices fall

Gold prices fell yesterday, as the dollar recovered from lows and hopes for a trade deal between China and the United States whetted risk appetite, making bullion less attractive. Spot gold slipped 0,62 percent to $1,280.69 per ounce as of 8:45 a.m. ET. US gold futures were 0.64 percent lower …

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Miners want to import own fuel

ZIMBABWE Miners Federation (ZMF), the representative body of small-scale miners, says it is pushing for a licence to import fuel for onward distribution to its members to ensure continuity of production in the sector. BY FIDELITY MHLANGA ZMF president Henrietta Rushwaya said small-scale miners have been hard hit by the …

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