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Gold is glistening

The precious metal has rallied 11 percent this year, with much of the move occurring in the last several months, as concerns around slowing global growth and US-China trade tensions took hold among investors. It continued to tick up on yesterday after President Donald Trump said he intended to nominate …

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Gold prices jump

The gold market jumped higher with prices well above $1 400 an ounce after private sector employment grew less than expected in June, according to private payrolls company ADP. Yesterday, ADP said that 102 000 jobs were created in June, missing expectations; consensus forecasts were calling for job growth of …

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David Whitehead re-opening imminent

Martin Kadzere Senior Reporter DAVID Whitehead Textiles (DWT) intends to “immediately” restart operations at Chegutu factory after several years of intermittent operations, following acquisition of the company’s majority shareholding by Agri Value Chain Zimbabwe (AVCZ). This comes after electricity was restored at the Chegutu factory while some raw materials have …

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Potraz, telcos in base stations deal

Tawanda Musarurwa Senior Business Reporter The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has come into agreement with mobile network operators for the establishment of new base stations under a Build-Operate-Transfer (BOT) arrangement. Zimbabwe’s three MNOs include NetOne, Econet Wireless Zimbabwe and Telecel Zimbabwe. Information Communication Technology, Postal and …

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Rushwaya Loses Zmf Presidency

By Africa Moyo Zimbabwe Miners’ Federation (ZMF) president Henrietta Rushwaya has lost the presidency of the small-scale miners’ body after her appeal was dismissed by the Supreme Court. Ms Rushwaya had earlier been stripped of the ZMF presidency by the High Court, but filed an appeal on April 4, 2019. …

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Fuel Tracking System On the Cards

By Farirai Machivenyika Government has started implementing a tracking system to plug leakages in the supply of fuel that have exacerbated shortages in the market. This was said by Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa while presenting the 23rd Cabinet Meeting Decision Matrix yesterday. “The Minister of Energy …

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Gweru to Set Up Vegetable Market

By Munyaradzi Musiiwa Gweru City Council has courted an investor to set up vegetable and fruit market bays that will accommodate at least 5 000 vendors. In an interview, Gweru mayor Councillor Josiah Makombe said the local authority is expected to finalise the deal this week. The deal will see …

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Forex Woes Hit Visual Artists

By Kundai Marunya Lack of foreign currency coupled with low domestic sales have greatly impacted on the work of local visual artists who depend largely on imported materials for their work. The artists, who creatively document tradition, culture and history in their works, have over the years been relying on …

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