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Zinara Bosses Get US$8 000 for Hairdos

THE Zimbabwe National Road Administration (Zinara) has been paying two salaries for two chief executive officers for the past 12 months, while thousands of United States dollars were spent on hairstyle, food hampers, and gym allowances for managers, legislators heard yesterday. Zinara has also been paying a salary for suspended …

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Parties hail work towards TNF

Africa Moyo Senior Business Reporter EFFORTS to come up with a Tripartite Negotiating Forum (TNF) law have been hailed by Government, labour and business, as an important step in promoting dialogue to solve nagging issues, particularly at a time prices are being increased wantonly. This emerged yesterday during a policy …

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South Africans call for faster land reform

Surrounded by a crop of wilting sugar beans, Georginah Sidumo rubs red dust off a folder of documents she says are the only proof her farmers’ co-operative has the right to work on the land it controls. Sidumo (47), is one of thousands of black South African subsistence farmers frustrated …

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SA rand weaker

South Africa’s rand weakened yesterday amid jitters over upcoming elections and worries over a trade war between the United States and China, curbing last week’s demand for emerging-market currencies. On Sunday, US President Donald Trump announced he would raise US tariffs on $200 billion worth of Chinese goods this week …

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Gold prices up

Gold prices climbed yesterday after US President Donald Trump threatened to raise tariffs on Chinese goods, escalating Sino-US trade tensions, which prompted investors to sell riskier assets and boost safe-haven bullion. Spot gold was up 0,2 percent at $1,281.63 per ounce, as of 0930 GMT. US gold futures also gained …

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‘Boeing held off disclosing cockpit alert change’

Boeing knew months before a deadly 737 Max crash that a cockpit alert wasn’t working the way the company had told buyers of the single-aisle airliner. But the plane-maker didn’t share its findings with airlines or the Federal Aviation Administration until after a Lion Air plane went down off the …

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ICT infrastructure deployment vital: Kazembe

Enacy Mapakame recently in Zhombe The deployment of Information and Communications technology (ICT) infrastructure is a key priority on the nation’s agenda and the realisation of Zimbabwe’s Vision 2030, as the country moves towards 100 percent network coverage, a senior Government official has said. Zimbabwe envisions an upper middle-income economy …

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Hwange loss widens despite revenue jump

Enacy Mapakame Business Reporter HWANGE Colliery Company Limited (HCCL) recorded a 27 percent jump in revenue to US$69 million driven by firm sales volumes, despite widening losses for the year to December 31, 2018. The coal miner’s sales volumes jumped 25 percent, closing the year at 1,5 million tonnes to …

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‘Bad deals raise Govt liabilities’

Tawanda Musarurwa Individuals with the right skills should be involved in the negotiations for deals or loans as badly negotiated deals are giving Treasury long-term accounting problems, Finance and Economic Development permanent secretary George Guvamatanga has said. “A critical problem is inadequate legal coverage of contingent liabilities. In most cases …

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Mugabe dairy firm sings the blues

ALPHA Omega Dairy, a company owned by former President Robert Mugabe is singing the blues with operations at below capacity and low uptake of its products in the market. The former Zanu PF strongman was pushed out by the military and his party to resign from the presidency in 2017 …

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