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PDL 20pc up

The number of Zimbabweans living below the poverty datum line continues to balloon as the line shot 20 percent for the month of September to $2 192, the Zimbabwe National Statistical Agency (ZimStat) has noted. The PDL, which measures basic needs for an average family of five was $1 827 …

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‘Illegal sanctions hurting business, economy’

Golden Sibanda and Michael Tome CAPTAINS of industry and economic analysts are unanimous that sanctions have had an overly distressing effect on the viability of business entities and the wider Zimbabwean economy. While the US, which uses its might as a military and economic super power to impose its foreign …

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Mining stocks in positive performance

Enacy Mapakame Business Reporter The Zimbabwe Stock Exchange resources indicator, the Mining Index, has defied the selling pressure that characterised recent market activity on the bourse after rising for the third consecutive week sustained by gains in its three active counters. While the other key indicators, the ZSE All Share …

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Brexit weakens assets

Emerging market shares retreated from their highest in more than two months yesterday as Britain’s chaotic efforts to leave the European Union weakened demand for riskier assets. MSCI’s index of emerging-market stocks fell 0,4 percent as Brexit worries overshadowed hopes for progress in US-China trade relations. Shares in mainland China, …

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CAAZ hunts for duty-free retail shop operators

Panashe Chikonyora and Chipo Chaumba The Civil Aviation Authority of Zimbabwe (CAAZ) is looking for reputable and experienced entities to operate duty-free shops at Robert Gabriel Mugabe and Victoria Falls International Airports, as part of developing non-aviation revenue generating activities. The move follows the authority’s decision to operationalise its duty-free …

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Bitcoin slumps to June

The hostility toward Facebook’s libra cryptocurrency appears to be weighing on the sentiment for bitcoin. The world’s largest cryptocurrency dropped as much as 8,2 percent to $7 462 in New York, the lowest level since June. Other digital tokens such as ether and litecoin also slumped with Facebook Chief Executive …

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ZSE closes positive

The Zimbabwe Stock Exchange closed positive yesterday as the market continues to trade sideways amid few fundamental pointers on the direction it should take. At the close of trading yesterday, the ZSE’s main industrial index had gained 2 percent to 771,82 while the ZSE Top 10 index was even better …

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Gold to reach $1 700

The gold bulls are back, predicting a price of $1 700 an ounce and higher in early 2020. This month gold rallied to its highest level in six years, ranging between $1 480/oz and $1 510/oz. Standard Chartered Bank expects gold to remain at these prices for the rest of …

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Sanctions crippling firms

Hebert Zharare Business Editor The economic sanctions imposed on Zimbabwe by America and her allies are designed to simultaneously cripple all facets of the country’s economy and Government initiatives being employed cannot yield desired results if the embargoes are not unconditionally removed. Nationals from Southern African Development Countries (Sadc) tomorrow …

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