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Jeoffrey Ncube

ZCDC Optimistic Of Achieving Target Despite Covid-19 Impact

The Zimbabwe Consolidated Diamond Company (ZCDC) is hoping to achieve its target despite the impact on production caused by Covid-19. This comes after the global economy was negatively impacted by the Covid-19 pandemic and ZCDC had to cancel all international diamond tenders since the introduction of worldwide travel restrictions-imposed to curb the spread of the […]

All Set For Tour De Great Dyke

Preparations for this year’s edition of Tour De Great Dyke organised by YAFM are at an advanced stage with the organisers expecting more than a hundred cyclists to participate in the 550 km tour from Darwendale to Zvishavane. The premier cycling event will be held in November. In an interview with Great Dyke News 24 […]

YaFM Expands To Kwekwe

The pulse of the Great Dyke, Ya FM radio station has increased its coverage with those as far as Kwekwe now able to access the station, the group Chairperson Munyaradzi Hwengwere has revealed. Hwengwere said their aim is to spread in all the Great Dyke communities. “After a lot of technical discussions with the Broadcasting […]

RTGS Dollars To Eliminate Multiple Pricing: RBZ

Reserve Bank of Zimbabwe (RBZ) has revealed that the formal use of the Real Time Gross Settlement (RTGS) dollars as a unit of account and settlement currency will help eliminate multiple pricing and other distortions; while preserving foreign currency for foreign payments. Addressing a Minex stakeholder engagement meeting in Gwanda yesterday, RBZ Bulawayo Regional Deputy […]

Canadian Investors To Boost Zim Mining Sector

All is set for the Polaris Seismic exploration session slated for the 14th of February which according to the organizers is focused on promoting modern exploration technology and propelling Zimbabwe’s mining sector growth in line with Vision 2030. The event which is being organized by Minex with support of the Chamber of Mines Zimbabwe will […]

2 Percent Tax Boosts Zim Education Sector: Prof Mthuli Ncube

Government has announced that the controversial 2 percent transaction tax initiated in October last year has helped towards the recruitment of the 3 000 additional teachers and 350 university personnel. According to the Minister of Finance and Economic Development Minister, Professor Mthuli Ncube, the tax revenue is also covering the $310 million cost for devolution […]

Forex shortages Stifle Tyre And Tube Retailers

Zimbabwe’s largest tyre and tube retailer, National Tyre Services Limited has not been spared by the recent inflationary pressures which has resulted in suppressed sales and erratic supply due to foreign currency shortages. According to the group chairperson James Moyo, the rise in inflation has affected their consumers’ living standards and compounded the trading challenges for the business sector. […]

Local Productivity Key To End Zim Crisis: Buy Zimbabwe

Buy Zimbabwe has called on the government, industry and other stakeholders to work together to extract the country out of the current economic situation that has seen the cost of living skyrocketting beyond the reach of many. Addressing stakeholders during the Buy Zimbabwe Awards ceremony held in the capital on Wednesday, the group Chairperson Dr […]

ED Talks Tough On Corruption In The Mining Sector

President Emmerson Mnangagwa has called for transparency in the mining sector threatening that his administration will not condone any acts of corruption or misappropriation of national resources. Addressing stakeholders during the commissioning of the Zimbabwe Consolidated Diamond Company (ZCDC) crushing plant in Chiadzwa yesterday, Mnangagwa said those caught on the wrong side of the law […]

Simbisa Brands Adopts USD Pricing

The current foreign currency crisis facing Zimbabwe has forced local fast food chain, Simbisa Brands to demand United States dollars, a move the company says is meant to help them meet their franchise fee obligations. Simbisa Brands own Chicken Inn, Bakers Inn, Nandos and Pizza Inn. According to a statement released today, the company said […]