Relaxation of lockdown to spur production

Relaxation of lockdown to spur production

By Varaidzo Zhakata ANALYSTS have challenged manufacturers and service providers to make use of the relaxed lockdown measures and the allowance of inter-city travel to maximize production of services and goods to revive the shrinking economy. The Zimbabwean economy had already been on a downward trend before the COVID- 19 lockdown restrictions further shook it contracting by between 7,5% and 8,5% real gross domestic product (GDP). In an interview with The BusinessConnect, renowned economist, Prosper Chitambara said the gradual lifting of lockdown restrictions should be welcomed as a positive gear…

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“Lets persists with policies that work,” CZI president

“Lets persists with policies that work,” CZI president

By Wellington Zimbowa INDUSTRIALISTS have implored the country to urgently adopt key economic policies that enable the retooling of industry as well as minimizing the importation Bill of finished projects. “Industry is poised at yet another precipice with another year gone without progress. The challenges remain the same, the difference being only in the degree of impact. The journey ahead will depend on the choices that we make and the resolve to deal with the known challenges, many of which are policy-related and need not cost any money to resolve,”…

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TSL sales volumes decline by 73%

TSL sales volumes decline by 73%

By Varaidzo Zhakata THE Tobacco Sales Limited Group performance was above board in the third quarter, ended 31 July 2020, despite recording a 73 percent decline in sales volumes. The decline in sales volumes was mainly at independent auction to stand at 5.7 million kilograms, owing to the drop in smaller tobacco crop, coupled by a late start to the tobacco season and auction floors failure to receive the requisite approvals to decentralize. The group also suffered a decline in contracted volumes handled for tobacco merchants, recording 7.9 million Kgs,…

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Caution, as air flights resume

Caution, as air flights resume

COMMENT AS Zimbabwe joins the rest of the world in opening up its air space and airports for local and international flights, Government should be proactive and put in place standard COVID- 19 testing kits at all ports to prevent the reinfection coming in from abroad. While the initiative to open-up airports will most certainly boost various business operations such as tourism there is also a need to make sure that arrivals from beyond the country’s border do not bring another strain of the pandemic that has so far accounted…

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Smuggling of chemicals rife

Smuggling of chemicals rife

By Wellington Zimbowa THE Ministry of Environment, Climate, Tourism And Hospitality Industry is working with the Zimbabwe Revenue Authority to address smuggling of harmful l chemical products that affect the environment while tightening legislations. In his address to mark the World Ozone Day commemorations, minister Mangaliso Ndlovu. “Ladies and Gentlemen, as we phase out the remaining Ozone Depleting Substances and introduce the ozone and climate-friendly ones, illegal trade in phased-out substances has increased across the globe. There is, therefore, need to train Customs Officers and equip them with skills, knowledge…

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Eureka bolsters Zim’s ‘US$12 Billion economy’ vision

Eureka bolsters Zim’s ‘US$12 Billion economy’ vision

By Edward Mukaro EUREKA Mine is targeting to produce an initial 140 kilograms of gold per month from the 3rd quarter of 2021, a development that would buttress Zimbabwe’s push to achieve a US$12 Billion economy through mining by 2023, deputy minister of mines and mining development Honourable Polite Kambamura has said. Addressing the media after a tour of Eureka Mine in Guruve, Mashonaland West, Hon Kambamura hailed Eureka’s operations saying, “The operations feed well into the ministry’s (mines) vision to attain 100 tonnes of gold per annum by the…

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