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Desperate Workers Forced to Sleep in Zupco Bus

Marondera — Scores of cash-strapped resident’s of the small farming town of Marondera have resorted to sleeping in a Zimbabwe Public Company (Zupco) bus to avoid missing it. In April, Zupco introduced a daily bus service between Marondera to Harare, which leaves the Mashonaland East capital at 06:00 hours with …

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President Urges Industry to Complement Govt Reforms

By Leonard Ncube and Enacy Mapakame President Mnangagwa says Government will vigorously push the ongoing reform process and implored captains of industry to complement the efforts through explaining the developments to citizens as no one should be left out. He said this while officially opening the Zimbabwe National Chamber of …

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Credit Cards Still Valid – ZTA

By Ishemunyoro Chingwere The Zimbabwe Tourism Authority (ZTA) has assured tourists that international credit cards are still usable in Zimbabwe following the new monetary regulations announced by Government through Statutory Instrument 142 of 2019. Government on Monday announced new monetary regulations through a statutory instrument, which is also known as …

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Red Flag Raised Over Hwange Refurbishment Expenses

By Leopold Munhende Scandal ridden State power supplier Zesa subsidiary, Zimbabwe Power Company (ZPC) was early this year asked to explain a variance of over US$1 million in the refurbishment of two similar Units at the Hwange Power Station, NewZimbabwe.com has learnt. The letter, dated 29 March 2019, addressed to …

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Introduction of Zimdollar to Sink Economy, Say Analysts

By Tinashe Kairiza The decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency’s value may tumble against major currencies, plunging the country into hyperinflation. While some captains of industry and analysts welcomed …

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President to Lead Buy Local Indaba

By Natasha Chamba President Mnangagwa is expected to meet business executives from across the country at this year’s 2019 annual Buy Zimbabwe Summit to be held in Bulawayo. Proceedings will be held at the Zimbabwe International Trade Fair (ZITF) exhibition centre under the theme, “Enhancing local production, preference and market …

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SA rand retreats

South Africa’s rand retreated early yesterday, pausing after a two-day advance as investors took profits and looked ahead to the G20 summit where the United States and China are set to agree a truce in their tariff war. At 0650 GMT the rand was 0,1percent weaker at 14,2300 per dollar, …

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Gold prices slip

Gold prices fell yesterday as hopes of a truce in the US-China trade spat ahead of a weekend meeting at the G20 summit rekindled investors’ interest in riskier assets, weighing on safe-haven bullion. The South China Morning Post, citing sources, said Washington and Beijing were laying out an agreement that …

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