Rand firmer

South Africa’s rand firmed early on Tuesday, boosted by a dollar slide to multi-month lows against other major currencies as investors looked to emerging markets in the wake of dovish turn by US and eurozone central banks. At 0730 GMT the rand was 0,37 pc firmer at 14,3100 per dollar …

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Exporters to continue getting US$

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says the new monetary regulations as announced through Statutory Instrument (SI) 142 of 2019 will have no effect on payment modalities to exporters. Exporters – who are largely in gold, tobacco and cotton production – are allowed to retain part of …

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Zim to deepen ties with Chinese funders

ZIMBABWE says it will continue to explore ways of deepening economic and financial ties with China’s Sinosure and China Eximbank on the back of the Asian economic giant’s ever-growing profile as world leader in foreign direct investment (FDI). Already, bilateral trade between Zimbabwe and China continues to scale new heights, …

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Load shedding to intensify — ZESA

Power utility, Zesa Holdings, has announced that it will implement load shedding outside the official schedule following a breakdown at Hwange Power Station. “Due to a technical fault at Hwange Power Station, local generation is now depressed,” Fullard Gwasira, the spokesperson of Zesa said in a tweet yesterday, adding that …

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Diamond miners demand salary increment

BY MTHANDAZO NYONI THE Zimbabwe Diamond and Allied Minerals Workers’ Union (Zdamwu) has written to the National Employment Council for the mining industry, requesting an urgent meeting to consider salary adjustments to cushion the workers. In a letter dated June 20, Zdamwu general-secretary Justice Chinhema said they were concerned about …

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Oil prices rise

LONDON. — Oil prices rose yesterday adding to last week’s gains, lifted by tensions between the United States and Iran, but concerns about the possibility of weakening demand kept a lid on gains . Benchmark Brent crude was up 13 cents or 0,2 percent at $65,33 a barrel by 1238 …

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SA rand firms

JOHANNESBURG. — South Africa’s rand firmed early yesterday, adding to the previous session’s gains as sentiment toward emerging markets overall was soothed by softening interest rate outlooks in the United States and Eurozone. At 0630 GMT the rand was 0,37 percent firmer at 14,2675 per dollar compared to Friday’s close …

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Politics a factor in return of Boeing’s 737 Max

American Airlines is prepared to further delay returning the Boeing 737 Max to its schedule as regulators review the manufacturer’s safety updates before they allow the planes to fly again, a process that depends on political factors, the airline’s CEO, Doug Parker, told employees. The popular Boeing jet has been …

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Econet refutes false media reports

Own Correspondent Econet has dismissed media reports claiming that it violated labour laws and that its sister company, EcoCash, was complicit in irregular mobile financial transactions. In a statement, Econet said the reports by a blogger were “patently false and irresponsible” adding that Econet reserved its legal rights on the matter.  …

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$6m livestock facility roars to life

Africa MoyoAGRIBANK has started disbursing funds under the $6 million livestock facility availed by Government to revive the livestock sector and is calling on more farmers to apply for the funds. Government came up with the facility, which is being administered by Agribank, after realising the challenges affecting the livestock …

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