Global stocks gain as U.S. eases Huawei restrictions

LONDON – Stocks markets gained on Tuesday, with chipmakers and stocks exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei.…

Rand weakens in cautious trade ahead of inflation, rates decision

JOHANNESBURG – South Africa’s rand backtracked on Tuesday, surrendering the previous session’s small gains in cautious trade as investors awaited key data release later in the week. At 0730 GMT…

Afforestation levy rakes in $22 million

HARARE – At least $22 million in afforestation levy was collected from tobacco farmers over the last three tobacco marketing seasons, an official said on Monday. Farmers are charged 0.75…

Austerity vs stimulus . . .

Sometime in May 2010, the United States Secretary of the Treasury Timothy Geithner was talking to German Finance Minister Dr Wolfgang Schäuble.

China evokes patriotism, past wars as trade conflict with U.S. heats up

BEIJING – The trade war with the United States will only make China stronger and will never bring the country to its knees, the ruling Communist Party’s People’s Daily wrote…

Rand weakens as dollar boosted by solid data

JOHANNESBURG – South Africa’s rand weakened early on Friday as most emerging market currencies retreated against a dollar lifted to near two-week highs by positive U.S. economic data. At 0700…

China delegation eyes business, tourism in Zimbabwe

Kudakwashe Mhundwa and Michael Tome HARARE – President Emmerson Mnangagwa`s state visit to the People`s Republic of China last year continues to pay dividends as the country yesterday received a…

Beer sales drive Delta’s FY19 net profit up 61%

HARARE – Beverages producer, Delta Corporation recorded a 61 percent jump in after-tax profit to RTGS$143.2 million for the full year ended March 2019, compared to the same period last…

Govt to rollout second phase of land audit

Elita Chikwati HARARE – Government is expected to start rolling out the second phase of the national agricultural land audit which is expected to rationalise farm ownership and sizes. Farmers…

Tharisa sees progress on Salene, Karo projects

Tawanda Musarurwa HARARE – South African chrome and platinum group metal (PGM) producer Tharisa Plc says it has begun work on its Salene Chrome project in Zimbabwe after receiving approvals…

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