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Gold prices up

Gold prices edged up yesterday, snapping a four-day losing streak on technical buying, amid expectations that the European Central Bank will dole out stimulus and cut interest rates. Spot gold was up 0,3 percent at $1,490.27 per ounce, as of 0732 GMT. In the previous session, prices fell to their …

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Bulawayo hotels fully booked ahead of tourism expo

Oliver Kazunga Bulawayo Bureau MAJOR hotels in Bulawayo are fully booked ahead of the Sanganai/Hlanganani World Tourism Expo, which begins in the city today. Speaking by telephone yesterday, Hospitality Association of Zimbabwe (HAZ) regional representative for Matabeleland Innocent Kufa, who is also the general manager for Bulawayo Rainbow Tourism Group, …

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Masiyiwa leaves AGRA in good stead

When the African Green Revolution Alliance (AGRA) was established several years ago, the aim was to provide a platform for global and African leaders to develop actionable plans that would move African agriculture forward. And years on, the platform is testimony to what such partnerships can do in terms of …

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South Africa business confidence nose dives

South African business confidence slumped to the lowest level since disinvestment from the country over its apartheid policies started gaining momentum a quarter century ago. A sentiment index compiled by the South African Chamber of Commerce and Industry declined to 89.1 last month from 92 in July, according to an …

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Private sector should ‘feel’ reforms: Expert

Tawanda Musarurwa Senior Business Reporter Zimbabwe’s Ease of Doing Business reforms should not just improve certain aspects, but should make the business operating environment work as a whole, an expert has said. The Ease of Doing Business (EoDB) index is a ranking system established by the World Bank Group. The …

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Zimplats spends US$115m on capital projects

Michael Tome Business Reporter ZIMPLATS Holdings, producer of platinum group metals (PGMs), says it spent US$115 million on capital projects including mine equipment replacement and expansion projects in the 2018 financial year. The mining concern expended a total of US$82.4 million on stay-in-business projects (continued investments made by a company …

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Mthuli appoints monetary policy team

Golden Sibanda Senior Business Reporter FINANCE and Economic Development Minister Professor Mthuli Ncube has appointed a nine-member monetary policy committee (MPC) of the Reserve Bank of Zimbabwe (RBZ), which is chaired by central bank governor Dr John Mangudya. The appointment of the committee comes at a time Zimbabwe is deep …

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Tobacco output hits all time high, but . . .

BY FIDELITY MHLANGA ZIMBABWE’S tobacco deliveries have hit an all-time high of 258 million tonnes, but poor prices prevailing this season could hamper farmers from adequately preparing for the forthcoming season. Figures from the Tobacco Industry Marketing Board (Timb) shows that as of September 9, which is day 118 of …

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All set for Sanganai/Hlanganani World Tourism Expo

BY MISHMA CHAKANYUKA THE 12th edition of Sanganai/Hlanganani World Tourism Expo roars into life in Bulawayo tomorrow amid poor exhibitor numbers. Sanganai/Hlanganani World Tourism Expo is an annual tourism trade fair organised by the Zimbabwe Tourism Authority (ZTA) which showcases the widest variety of Africa’s best tourism products and attracts …

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