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Bread price up 61%

Zimbabwe’s bread price has shot up 61% to $15 after days of shortages, piling more misery on a citizenry already bearing the brunt of poor earnings. This comes after the bread price had been continuously going up since last year due to shortage of wheat and foreign currency. NewsDay yesterday …

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Month-on-month inflation slows

BY MISHMA CHAKANYUKA ZIMBABWE’s month-on-month inflation rate decelerated by 0,35 percentage points in September to 17,72% from 18,07% in August, the statistics agency has revealed. Treasury barred the publication of the annual inflation rate in its mid-term fiscal policy review issued in August, after the rate had reached a decade-high …

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Zim heads Sadc poll observer mission to Botswana

Herald Reporter The SADC Electoral Observer Mission (SEOM) will assess the conduct of elections in Botswana in accordance with bloc’s revised guidelines governing democratic elections, Foreign Affairs and International Trade Minister Sibusiso Moyo, who is heading the SEOM to the Botswana elections slated for October 23, has said. He was …

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Reform agenda on course — Mthuli

By Africa Moyo Government has made considerable progress in implementing reforms under the Transitional Stabilisation Programme (TSP), especially on the alignment of laws, currency reforms and infrastructure development, setting the stage for economic rebound from next year. This was said by Finance and Economic Development Minister Professor Mthuli Ncube in …

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President to engage graduates

By Joseph Madzimure and Natasha Kokai PRESIDENT Mnangagwa has instructed the Ministry of Public Service, Labour and Social Welfare to compile a database of graduates countrywide to ensure they secure employment and funding to start projects in line with their areas of qualification. The latest development comes after the President …

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We Are Here to Stay – Stanchart

Standard Chartered remains committed to maintaining presence in Zimbabwe and its digitisation strategy — which has seen the country’s oldest bank closing most of its branches — should not be interpreted as a deliberate move to wind down operations. The bank, which is left with only three branches in Zimbabwe …

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EDITORIAL COMMENT : Inflation battle: Everyone must play ball

Zimbabwe’s latest wave of price increases was unexpected considering the economic fundamentals and the stability that had been growing in the economy, but appears to have occurred because of four factors that each need to be tackled. Inflation is normally, in the textbooks, either cost-push or demand-pull. Zimbabwe, in effect, …

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Caledonia On Track to Achieve Improved Targets

Caledonia Mining Corporation has released its 2019 third-quarter production numbers for Blanket Mine, where some 13,646 ounces were unearthed up 7,3 percent from the previous quarter. The company is also expecting better recoveries and lower costs from its newly commissioned plant at Blanket. Chief executive Steve Curtis said the new …

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Embrace Transparency to Debunk Negative Perception, Chinese Investors Urged

By Donald Nyarota Chinese investors should commit to protecting labour rights and respecting local communities to rebuff negative perceptions of their investments in Africa, civil society has said. Speaking during a Zimbabwe-China relations Belt and Road Initiative (BRI) stakeholders meeting organized by American Friends Service Committee and the Zimbabwe Environmental …

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