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Businesses Optimistic

By Nyore Madzianike THE business community in Mutare has expressed optimism of economic turnaround this year saying the challenges being faced were temporary and would soon pass. They also expressed confidence in the Government’s fiscal and monetary policies saying that if the guiding principles were followed to the letter, the …

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Cpu Clears Air On Mine Collapse

Preliminary investigations into the collapse of shafts at Wonderer Mine in Shurugwi by the Midlands Provincial Civil Protection Unit have established that no deaths have been recorded in the mishap, Provincial Administrator Mr Abiot Maronge has said. In an interview last Friday Mr Maronge, who chairs the Midlands provincial CPU, …

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2% Transaction Tax Funding Development

By Africa Moyo Finance and Economic Development Minister Professor Mthuli Ncube says the 2 percent intermediated money transfer tax has started bearing fruit, with the money collected so far set to go towards recruitment of primary and second school teachers and a host of other developmental projects. Between December 1 …

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Cops Demand Bribe From Fuel Dealer

By Thupeyo Muleya Two police officers deployed at Beitbridge have been arrested for allegedly extorting over R5 000 from a suspected illegal fuel dealer they found buying the commodity from a haulage truck driver recently. Alen Mavhima (28) and Norest Mhere (35), all stationed at Beitbridge urban, appeared before magistrate …

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Fidelity Surpass Gold Deliveries Target

By Ishemunyoro Chingwere Gold deliveries to Fidelity Printers and Refiners (FPR) for 2018 hit a record 33, 2 tonnes up from 24, 8 tonnes the previous year as Government led stakeholder efforts to upscale production begin to bear fruit. Of note is the continued strong performance by small scale miners …

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Road Rehab Shelved Due to Heavy Rains

By Michael Magoronga The Ministry of Transport and Infrastructural Development has suspended road rehabilitation projects in the Midlands Province due to heavy rains. The ministry last year embarked on a massive road rehabilitation programme in the province after Treasury availed $19 million for road repairs. The roads that were being …

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Uproar Over Roads Levy

By Walter Mswazie MASVINGO residents have raised concern over the non-utilisation of the $300 000 road levy collected by council last year to service the city’s damaged roads. It is understood that the local authority collected $24 road levy (in 2017) from each household to rehabilitate roads in some residential …

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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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Life assurance profits down 63% in Q3

ZIMBABWE’S life assurance industry recorded 68 % decline in after tax profits to $314,85 million in the nine months to September 2018 compared to $979,27 million during the same period in 2017, the industry regulator has said. BY FIDELITY MHLANGA In its sector report for the third quarter, the Insurance, …

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