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Another telecoms tariff hike looms?

Tawanda Musarurwa Zimbabwe’s telecommunications sector could soon be agitating for another increase in both data and calling rate tariffs in view of a general consensus between the players and the regulator – the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) – that the current tariffs are lagging behind inflation. …

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Trade deal signing date set

US President Donald Trump said he will sign the first phase of a trade deal with China on January 15, sealing an agreement that sees the Asian nation raising purchases of American farm goods in exchange for lower tariffs on some of its products. The date has yet to be …

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Rand firms

JOHANNESBURG. — South Africa’s rand firmed marginally yesterday, with sentiment towards emerging markets broadly boosted by US President Donald Trump’s announcement on the signing of a trade deal with China, and on higher commodity prices. By 0645 GMT, the rand strengthened 0,08percent to 14,0050 per dollar from its previous close …

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Comair director resigns

Another long-standing director of aviation company Comair has announced his resignation. Following the resignation of Rodney Sacks late last month, Comair announced on Tuesday that Martin Moritz has resigned as a non-executive director and deputy chairman of the company, effective from December 31, 2019. “The Board would like to thank …

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Zimra ready to deal with sophisticated crimes

Michael Tome Business Reporter The Zimbabwe Revenue Authority (ZIMRA) has rebuffed claims of over-valuation and undervaluation of vehicles at the country’s ports of entry, arguing mechanisms are in place to mitigate against such crimes. The revenue collector also clarified it did not have a template that is used by agencies …

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Seed Co’s H1 profit rises

Enacy Mapakame Despite a volumes decline, local seed producer Seed Co Limited swung back to the black, posting a $34,4 million profit for the half year to September 30, 2019 from a $29,1 million loss in the same period last year. Gross profit rose 36 percent to $61,2 million while …

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Tackling your debt in 2020

Londiwe Buthelezi An increasing number of South African consumers are struggling to repay their debt on time. TransUnion’s industry insight report, published last month, shows that there was a rise in delinquencies, or non-payment of debt, in the third quarter of 2019, which is corroborated by the National Credit Regulator’s …

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Zimbabwe aims at Indian market

Walter Nyamukondiwa – Kariba Bureau Zimbabwe is set to consolidate and develop tourism in the Asian market when it participates at the 27th South Asia Travel and Tourism Exchange (SATTE) in New Delhi, India from January 8 to 10. The business to business platform is expected to enhance destination awareness …

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Gold prices flat

Gold prices were steady yesterday, holding below a more than two-month peak hit in the previous session, as weakness in the dollar countered optimism about the United States and China signing an interim trade deal soon. Spot gold was little changed at $1 515,23 per ounce by 0044 GMT. Prices …

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Rand gains

JOHANNESBURG. — South Africa’s rand rose yesterday, holding on to gains from previous sessions triggered by a global investor hunt for high yields and optimism over a breakthrough in trade standoff between China and the United States. At 0800 GMT, the rand was up 0,28 percent at 14,08 after an …

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