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Daily Archives: February 19, 2016

Boost for SA producers as platinum prices gain ground

Harare – When Sibanye Gold [JSE:SGL] tabled an offer for Aquarius Platinum [JSE:AQP] and unveiled a plan to buy even more platinum assets, some mining executives and analysts were left wondering what was driving this strategy. The offer, which has now been approved by Aquarius Platinum shareholders, came at a …

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BAT’s Zim unit posts impressive results

Harare –  BAT Zimbabwe continued to report impressive results, despite the deterioration of economic fundamentals in the country. Speaking at the release of the company’s results for the year to end-December 2015, managing director Clara Mlambo said BAT Zimbabwe has successfully leveraged the strength of its brands to deliver a …

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Mobile payments in upward trend

At least 4.9 million mobile-based transaction volumes worth US$123 million have been processed by the national payment system since the beginning of this month.   The Reserve Bank of Zimbabwe weekly economic highlights show that the volumes of mobile based transactions  accounted for 87 percent of the US$1.03 billion payments …

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Byo SMEs export to Botswana

Some innovative youths in Bulawayo who have ventured into the business of producing aluminium pots using scrap metal are now exporting their products to Botswana.   While their production is part of the backyard industry, growth prospects are evident as they are now also supplying the local and Botswana market. …

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Realty Africa Zimbabwe goes live

REALTY Africa Zimbabwe’s platform went live at the beginning of this month becoming the first crowd-funding entity to offer property crowd-funding in Africa, businessdigest has learnt. Staff Writer Crowd-funding is the practice of funding a project or venture by raising monetary contributions from a large number of people, usually through …

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Hundreds lose jobs in furniture sector

ABOUT 400 workers in the timber and furniture sector have lost their jobs since December last year. This comes as the arbitrator in the wage deadlock between employers and workers in the sector awarded no wage increment for 2016, businessdigest has learnt. Kudzai Kuwaza The new job losses add to …

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Brokers sell ZSE equities

FIVE stockbroking firms and individual brokers have sold their shareholding in the soon-to-be demutualised Zimbabwe Stock Exchange (ZSE) to three broking firms as government whittles down its stake in the new entity, businessdigest has learnt. Bernard Mpofu Informed sources told businessdigest this week that EFE Securities, Bethel Equities, ABC Stockbrokers, …

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Lima plan depends on IMF team’s visit

AN International Monetary Fund (IMF) team is expected in the country next week for the third and final review of the Staff-Monitored Programme (SMP) upon which Zimbabwe’s arrears settlement plan proposed to multilateral financiers and fresh funding depends on. Fidelity Mhlanga The debt-ridden government mapped out a plan at the …

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Zim deflation decelarates

WEAKENING aggregate demand has seen Zimbabwe’s headline deflation for January 2016 further decelerating to 2,2% year-on-year, compared with 2,47% year-on-year (y-o-y) in December as the country remains the only one in the region with negative inflation, figures obtained from statistical agency Zimstat show. Bernard Mpofu Experts say this slowdown was …

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