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Teachers’ Salaries a National Scandal – Chamisa

MDC President Nelson Chamisa has described as a national scandal, salaries that teachers in government schools are earning and demanded that the government must restore their dignity. The opposition leader said this at the weekend while addressing delegates attending the Progressive Teachers Union of Zimbabwe (PTUZ) 4th national congress at …

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Gweru miner, farmer maximises water usage

BY Stephen Chadenga A GWERU gold miner has combined mining with agriculture in a bid to maximise production in the two sectors. Speaking last Friday during a tour of the gold mine and farming projects, CMN Mines managing director, Advance Chauke said he uses water pumped from mine shafts for …

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Zim records spike in fish sales

BY MTHANDAZO NYONI ZIMBABWE’S fish export volumes increased by 37% to 2 318 tonnes between January and September 2019, driven by fresh water frozen fish and frozen tilapia, according to a Livestock and Meat Advisory Council (Lmac) report. In value, the exports increased by 12% to US$4,9 million compared to …

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NetOne market share grows 1,4 pc

Michael Tome STATE-OWNED mobile network operator, NetOne, registered a 1,4 percent growth in the active mobile subscribers’ market share in the third quarter of 2019. NetOne attributes the overall growth solely to their mobile money platform, One Money, which undoubtedly pushed active mobile subscriptions by 10,6 percent to 3,042,930 from …

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‘Fiscal discipline critical for stability’

Panashe Chikonyora Fiscal discipline is important if Zimbabwe is going to achieve monetary stability in 2020, economists have said. Zimbabwe has been undergoing a currency change from the use of multiple currencies to the re-introduction of local currency – Zimdollar. In the latest development in this respect, the Reserve Bank …

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Beef abattoirs feel the heat

TOTAL cattle slaughters in Zimbabwe declined by 11% to 185 853 head for the nine months to September 2019, due to drought and disease quarantine, a new report has revealed. BY MTHANDAZO NYONI In its latest report, Livestock and Meat Advisory Council (Lmac) noted that cumulative slaughters for the third …

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Diamond workers up salary demands

THE Zimbabwe Diamond and Allied Minerals Workers’ Union (Zidamwu) has threatened to petition government and mine employers for salaries to be benchmarked against the obtaining rates in the Southern African Development Community region, among other demands. BY MTHANDAZO NYONI Zidamwu general secretary Justice Chinhema confirmed the development to NewsDay Business, …

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Zera set to hike licensing fees

BY FIDELITY MHLANGA THE Zimbabwe Energy Regulatory Authority (Zera) has extended the lifespan of the 2019 fuel licences by one month to allow for administrative changes to the licensing process. The fuel licences were due for renewal on December 31, 2019. In a circular dated December 30, addressed to fuel …

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Steward Bank profits double

Panashe Chikonyora and Chipo Chaumba Cassava Smartech’s banking subsidiary, Steward Bank, recorded a positive performance in the six months to August 31, 2019, posting a 128,2 percent profit jump to $43,3 million from $19 million reported in the prior year. The bank’s historical net operating income rose by 121 percent …

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Gold prices inch higher

Gold prices edged higher yesterday as the dollar hovered near a six-month low hit on New Year’s Eve amid bets that US economic out-performance could be coming to an end. Spot gold rose 0,2 percent to $1 520,38 per ounce by 0713 GMT, after having touched their highest since September …

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