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Poultry feeds production up 44%

POULTRY feeds production increased by 44% to 111 231 tonnes in the first quarter of the year, but the cost of raw materials continues to surge, an official has said. In an industry update, Zimbabwe Poultry Association chairperson Solomon Zawe said poultry feeds continued to dominate the stockfeed industry in …

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Insurance companies blame hyper-inflation for losses

INSURANCE company representatives yesterday told Parliament that a new commission of inquiry will be needed to ascertain the value of policies between 2016 to date, as they have also been eroded by inflation which is affecting the country. “You will understand that the United States dollar, which you introduced in …

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Auto Tyres retrenchees demand salary arrears

Auto Tyres Zimbabwe (ATZ) company, formerly Dunlop Zimbabwe, is embroiled in a labour dispute with 150 former workers who were retrenched between 2015 and 2018 over unpaid wages. The workers said they were owed US$518 000 in salaries and exit packages. The same firm has another standing dispute with over …

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RBZ in trouble over US$27,5m debt

London-based grain and fertiliser exporter, Holbud Limited, has approached the High Court seeking a court order to register a US$27,5 million arbitral award granted against the Reserve Bank of Zimbabwe (RBZ) in November 2018. According to Holbud’s chief executive officer Hasnain Merali, the company received two Treasury Bills totalling US$40 …

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Veld fire management tips

Veld Fires are blazes that get out of control, become wild, and in the process destroy extensive tracts of forests, grasslands, animals, people and their properties. This frequent burning has implication on carbon stocks and emissions, wildlife habitat; human health and life as well as livelihoods. Veld fires are a …

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Gaps in the current marriage framework

In the last few days, there has been much discussion about possible amendments to be made to the Zimbabwe marriage framework. Before any legislative amendments become law, they take the form of a draft Bill of Parliament which has to be published in the Government Gazette for public awareness. Only …

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Gold prices down

Gold prices are moderately down and hit a two-week low in early-morning US trading yesterday. So far this week, trader and investor risk appetite is more upbeat, which is bearish for the safe-haven gold and silver markets. June gold futures were last down $5,90 an ounce at $1,271.40. July Comex …

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Euro/USD falls

Price now falls to a fresh low since May 3 and will be aiming towards support around 1,1135-40 next. As it stands, the weakness in the pair is largely driven by dollar strength but that’s not to say that the euro isn’t weak either. The single currency is still rather …

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Zimnat offers small business affordable loans

At Zimnat we have a clear purpose: To make life better. Sustainable living should be commonplace for everyone. We look for opportunities to support, inspire, reward and collaborate with entrepreneurs. We call them change-makers, innovators who are the future of sustainable growth. Funding is the lifeblood of any business. Without …

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Vision 2030 should be anchored on value added exports

FOR many years Zimbabwe’s export earnings have been dominated by raw commodities from primary industries such as mining and agriculture. History has shown that increasing raw output from these sectors outside of domestic value addition has not made much impact in terms of real economic transformation and job creation. Primary …

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