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Sunday News

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Ngonidzashe Chiutsi Business Correspondent THE Reserve Bank of Zimbabwe (RBZ) has said at least 76 percent of the population in the country still remains with no access to financial services as formal banks have failed to expand their products to all corners of the country. RBZ National Payment System senior executive, Mr Joseph Mutepfa, said ...

HEAVYWEIGHT counters are still the best picks for investors on the Zimbabwe Stock Exchange as analysts say their continued rally has been contributing to the bullish trend on the equities market. The market ended the week on Friday positive, pushed by gains in Econet. The Industrial Index gained 0,52 ...

GHAGHOO, Botswana – London-listed diamond mining company Gem Diamonds on Friday officially opened its new Ghaghoo diamond mine, which is the first underground diamond mine in Botswana, the world’s leading diamond producer and home to the planet’s largest diamond operations. The 2 400 ...

JOHANNESBURG — Cellphone operator MTN [JSE:MTN] will not involve the Commission for Conciliation, Mediation and Arbitration (CCMA) in its retrenchment process, the company said on Friday. MTN said the CCMA could not be included because none of the consulting parties, including trade ...

JOHANNESBURG – The rand edged up against a globally weaker dollar on Friday, but market watchers said it would likely come under pressure next week from what is expected to be a wider second quarter current account shortfall. Most analysts expect the current account balance to have deteriorated in the ...

WASHINGTON — Motorola kicked off sales of its new smartwatch on Friday, in a series of product launches which could be the last before the Google-owned electronics firm is sold to China’s Lenovo. The company said its Moto 360 watch, which uses the Android Wear platform from Google for wearable ...

JOHANNESBURG — JSE-listed Master Drilling on Thursday last week reported a 20,6 percent increase in revenue to $65,2 million for the six months ended June 30, from the $54,1 million recorded in the previous comparable period, while its profit was up 20,9 percent from $7,7 million to $9,3 million ...

BUENOS AIRESA – Argentina’s senate on Thursday last week passed a Bill aimed at circumventing US court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is ...

Roberta Katunga Senior Business Reporter THE Institute of Chartered Accountants of Zimbabwe on Friday last week signed a memorandum of understanding with the National University of Science and Technology in a bid to capacitate the institution to be the first university in Zimbabwe to offer a post-graduate diploma in Certificate ...

MULTI-COMMODITIES natural resource company Premier African Minerals has commissioned a follow-up study to review low-capital options and near-term production alternatives for its flagship Zimbabwe-based exploration project RHA tungsten. The commissioning was initiated this June after ...