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Stories

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Posted inStories

Zimbabwe Stock Exchange in new high as punters seek cover in stocks

The Zimbabwe Stock Exchange recorded its highest turnover this year following a fourfold increase to  $13.56 million by today, from $2.9 million recorded in the previous week as punters hunt…
Posted by Charles Rukuni June 9, 2017
Posted inStories

Zimbabwe exporting labour because it has excess not because it cannot create jobs-Minister

Zimbabwe can export labour not because it cannot create jobs but because the government has done a good job in educating its people and capacitating them to the extent that…
Posted by Charles Rukuni June 9, 2017
Posted inStories

Zimbabwe still struggling to attract tourists

Zimbabwe’s tourism fair, Hlanganani/Sanganai Travel Expo has boosted tourist arrivals by 700 000 since its launch 10 years ago according to the Zimbabwe Tourism Authority (ZTA) chief executive officer, Karikoga…
Posted by Charles Rukuni June 9, 2017
Posted inStories

South Africa bans Zimbabwe chicken imports over bird flu

South Africa has suspended trade in birds and chicken products from Zimbabwe after an outbreak of the highly contagious bird flu at a commercial poultry farm near Harare. This follows…
Posted by Charles Rukuni June 9, 2017
Posted inStories

Zimbabwe domestic debt up by $4 billion in three months

The Zimbabwe government continues to dominate the local credit market, with domestic debt rising 40 percent to $4 billion in the quarter to March. With falling tax revenues and little…
Posted by Charles Rukuni June 9, 2017
Posted inStories

NicozDiamond’s premiums up 11 percent

Zimbabwe’s largest short-term insurer, NicozDiamond’s Gross Premiums Written grew 11 percent to $19.5 million in the five months to May 2017. Revenue for the first four months to April marginally…
Posted by Charles Rukuni June 8, 2017
Posted inStories

Cuthbert Dube and the battle against greed

Cuthbert Dube broke no law when he took money from poor members of the Public Service Medical Aid Society (PSMAS) and paid himself millions. That is the verdict of the…
Posted by Charles Rukuni June 8, 2017
Posted inStories

Makomo coal production now at 140k monthly says manager

Coal miner Makomo Resources says production at its Hwange mine is recovering after a slow start to the year, with May output at 140 000 tonnes, from 130 000 tonnes…
Posted by Charles Rukuni June 8, 2017
Posted inStories

Hippo Valley back in the black with $7.7 million profit

Hippo Valley Estates, the local unit of South African sugar processor Tongaat Hulett, today reported a net income of $7.7 million for the full-year to March 31 from a loss…
Posted by Charles Rukuni June 8, 2017
Posted inStories

Edgars Zimbabwe in $1 million profit

Clothing retail chain Edgars Stores’ profit-after-tax nearly trebled to $1 million in the year-to-date, from $35 000 last year and 200 percent above budget due to lower costs. In a…
Posted by Charles Rukuni June 8, 2017

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