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Budgeting for social cause critical

Tawanda Musarurwa The colossal Parirenyatwa General Hospital in Harare is the largest medical centre in the country, with an excess of 5 000 beds and 12 theatres in the main hospital complex. And as well as its general medical and surgical sections, Parirenyatwa includes Mbuya Nehanda, a maternity section; Sekuru …

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SkyCargo reports surge in business

Business Reporter The amount of outbound goods from Zimbabwe that was carried by Emirates Airline’s cargo division SkyCargo almost doubled between 2017-18 period and the 2018-2019 period. Latest figures from Emirates show that its cargo division transported 2 009 tonnes of goods, during the 2018-2019 period compared to over 1 …

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VAT reduction takes off

Tax collector, the Zimbabwe Revenue Authority (Zimra) said on Sunday local businesses must be ready to effect a 0,5 percentage point reduction in value added tax (VAT), which comes into effect on January 1. The move, which will likely result in minor price reductions, follows the decision by Finance and …

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David Whitehead resuscitation beckons

Business Reporter DAVID Whitehead Textiles has paid off significant pre and post judicial management debts, a development that will pave way for the resuscitation of the company. This comes after Agri Value Chain (AVC) acquired 52 percent stake in David Whitehead – under judicial management – at a price consideration …

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Ghana to replace currency

ABIDJAN. — Ghana’s government said it is determined to join a West African currency that will replace the France-backed CFA franc as soon as next year in eight regional countries, but it urged members of the currency union to ditch a planned peg to the euro. Ghana’s adoption of the …

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Oil edges up

SINGAPORE. — Oil prices held on to three-month highs yesterday, underpinned by optimism over an expected China-US trade deal and upbeat industrial data, while traders kept a close watch on the Middle East following a US air strike. Investors remained cautious despite news of the US strikes in Iraq and …

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Asian share rises

SHANGHAI. — A broad gauge of Asian share markets rose to an 18-month high yesterday as Chinese equities gained, while oil touched three-month highs on a combination of US crude inventory draw-downs, trade optimism and unrest in the Middle East. But European shares were expected to open lower as investors …

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Postal sector collapses

Zimbabwe’s postal and courier services sector is on the verge of collapse after experiencing a massive decline in volumes handled in the past year, due mainly to the growing use of e-commerce in the economy. In the third quarter of the year, for instance, volumes dropped 25 percent to 1,002 …

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Zimbabwe Hunger Woes to Persist Beyond 2021, Says Fews Net

ZIMBABWEANS shall need more time to free themselves from the current hunger catastrophe with a report by Famine Early Warning Systems Network (FEWS NET) indicating locals may require continued food assistance up to 2021. The report, shared on FEWS NET’s website, indicates Zimbabwe is an Area of Concern together with …

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