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Skills Audit for Council Workers

Harare City Council is set to conduct a skills audit of its workers to ensure it has the right workforce to achieve its goal of achieving world class city status by 2025. In an interview after a stakeholders’ meeting at Town House yesterday, town clerk Engineer Hosiah Chisango said the …

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Price hikes choke Zim growth prospects: World Bank

BY THOMAS MUPFUKA THE World Bank (WB) says the currently spiralling price increases in Zimbabwe will have a negative impact on the country’s growth prospects. Earlier this year, the World Bank projected that Zimbabwe’s Gross Domestic Product (GDP) would grow by 3,7% in 2019 while Finance and Economic Development minister …

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Private sector urged to partner govt in livestock finance facility

ZIMBABWE’S private financial sector has been urged to partner government in coming up with a commercially viable and well-structured livestock finance facilities for the production of quality breeding beef and dairy cattle. Livestock and meat advisory council economist Reneth Mano told NewsDay that Zimbabwe needed to boost the quality of …

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Zimplow records 76% after tax profit

BY MISHMA CHAKANYUKA Zimplow reported an after tax profit increase of 76% to US$6 million in the year ended December 31, 2018 from US$3,4 million recorded in the previous year, driven by growth in revenue and a marked decline in costs. The group’s revenue was up 25% on the prior …

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Agric industry awards employees 47% salary increment

BY MTHANDAZO NYONI ZIMBABWE’S agriculture industry has awarded its employees a 47% salary increment to cushion them from current economic hardships. The workers will receive the new salary structure backdated to March 1, 2019. Before the adjustment, the least paid employee in the horticulture sector was earning ZWL$89 a month, …

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Oil in 5-month high

Oil hit a five-month high above $71 (54.2 pounds) a barrel yesterday, supported by concern that violence in Libya could further tighten supply, although Russian comments signalling willingness to pump more dampened the rally. Supply curbs led by the Organisation of the Petroleum Exporting Countries have underpinned a more than …

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Make Fresh Interbank Interventions – Industry

Captains of industry have called on authorities to make fresh interventions in the inter-bank market to ensure access to foreign currency for importation of critical raw materials for the manufacturing industry. This comes amid reports that the willing buyer willing seller system on the interbank is failing to yield rewards, …

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Veld fire awareness for farmers

Veld fires have become one of the greatest environmental challenges of our time, causing intense damage to Zimbabwe’s natural flora and fauna, biodiversity, forests, animal habitats, crops and even leading to the loss of life and valuable property. Veld fires are defined as blazes that get out of control, become …

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Gold prices rise

Gold prices rose yesterday and were hovering close to their highest in more than a week touched in the previous session as the dollar eased on weak US economic data, with the metal gaining further support from higher oil prices. Spot gold was up 0,3 percent at $1,300.47 per ounce, …

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‘Motor industry revival tops Govt priorities’

Africa Moyo Senior Business Reporter GOVERNMENT is determined to revive the motor industry, which is seen as strategic in economic turnaround given its invaluable impact in job creation, value addition and contribution to Gross Domestic Product (GDP). This was said yesterday by Major General Godfrey Chanakira (retired), who is the …

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