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RBZ in market for $300m TBs

Golden Sibanda Senior Business Reporter THE Reserve Bank of Zimbabwe (RBZ) is back in the market with a fresh batch of Treasury Bills (TBs) — this time with a shorter tenure compared to the last issuance — to raise $300 million Treasury requires to finance key Government programmes. Market intelligence …

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Tongaat Hulett partakes in Vision 2030

Ishemunyoro Chingwere Business Reporter Johannesburg Stock Exchange-listed sugar producer Tongaat Hulett Limited, has committed to partake in the delivering of an upper middle-income economy by 2030 as expounded by Government and the sugarcane miller has begun taking steps towards the attainment of the vision. The announcement comes as a huge …

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Invictus takes trading hiatus

INVICTUS Energy Limited has requested for a trading break of the company’s securities until tomorrow, when the group releases a capital raising update to the market. BY MISHMA CHAKANYUKA “In accordance with the requirements of Listing Rule 17.1, Invictus Energy Ltd hereby requests a trading halt of the company’s securities …

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New model predicts El Nino one year ahead

Jeffrey Gogo An international team of researchers has developed a model that can predict El Nino a year in advance, and their latest forecast points to an 80 percent chance of the disruptive weather pattern occurring late 2020. “Conventional methods are unable to make a reliable ‘El Nino’ forecast more …

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Lifeline for Delta

The Coca Cola Company (TCCC) has agreed to extend by another 3 years, a bottler’s agreement it has with Delta Beverages. The agreement has been on the negotiating table since 2016 after SABMiller, which had a stake in Delta was acquired by AB Inbev, TCCC’s global rival which bottles and …

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US bosses get more

The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304 856 last year, topping $300 000 for the first time and 43 percent higher than it was 10 years ago, according to a new report released by executive headhunters Spencer Stuart. But thanks largely …

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Invictus in trading halt

The securities of Invictus Energy Ltd (‘IVZ’), the developers of the Muzarabani gas and oil project, will be placed in trading halt at the request of IVZ, pending it releasing an announcement. Invictus Energy Ltd is listed on the Australia Stock Exchange (ASX). Unless ASX decides otherwise, the securities will …

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ED Challenges Graduates to Modernise Zim Industry

President Mnangagwa yesterday challenged universities and colleges to ensure their graduates are equipped to provide solutions, services and products to propel Zimbabwe’s modernisation and industrialisation agenda towards the attainment of Vision 2030. He was accepting an honorary Doctorate in the Philosophy of Education (Honoris Causa) by the National University of …

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China seeks meat

LONDON/BEIJING. — China is scouring the world for meat to replace the millions of pigs killed by African swine fever (ASF), boosting prices, business and profits for European and South American meatpackers as it re-shapes global markets for pork, beef and chicken. The European Union, the world’s second largest pork …

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A Third of Govt Doctors Face the Axe

By Paidamoyo Chipunza A third of doctors who work in public health institutions, a total of 516 out of the 1 601 on the State payroll, face dismissal from public service this month as Government continues to hold disciplinary hearings for all who defied a Labour Court ruling to return …

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