Rand firms in early trade

JOHANNESBURG – South Africa’s rand strengthened early on Thursday, as signs of easing Sino-U.S. trade tensions and expectations that China will step up efforts soon to aid its cooling economy…

Govt increases wheat price to $630 per tonne

HARARE – Cabinet on Tuesday announced a  wheat producer price of $630 per tonne, up from $500 last season, a move  aimed at encouraging more production of the crop, Information,…

Nigeria’s depleting fish stocks may pose a threat to regional security

Ifesinachi Okafor-Yarwood Sometime in the next year or two, Nigeria will become the seventh country to reach a population of 200m or more. It is still growing considerably faster than…

Oil prices rise on Asian stock rally, OPEC-led cuts

SINGAPORE – Oil prices climbed by around 1 percent on Wednesday amid a stock market rebound and on expectations that an OPEC-led output cut for 2019 would stabilize the supply-demand…

Rand firmer ahead of inflation numbers

JOHANNESBURG – South Africa’s rand opened firmer on Wednesday, extending gains from the previous session as signs of thawing U.S.-China trade tensions boosted risk appetite, while a jump in industrial…

Zim must modernise economy to create jobs for young people – Report

HARARE – Zimbabwe needs to diversify  and modernise its economy to derive maximum benefit for the majority  of the country’s population which is currently within the working-age  range, a study…

Zim seeks global securities body membership, amending laws

HARARE – The Securities and Exchange Commission of Zimbabwe (SECZ) is in the process of amending laws  governing the sector to fine tune them to be in line with global…

Pickstone-Peerless posts positive Q3 results

BH24 Reporter HARARE – Chegutu-based gold producer Pickstone-Peerless Mine posted a set of positive third quarter results as tonnes mined and milled at the gold producer beat the record achieved…

Funeral assurance industry on growth path

Enacy Mapakame HARARE – Funeral assurance industry grew 15 percent in the last 12 months to June 2018. Between June 2017 and June 2018, gross premium written amounted to $93,58…

Saudi Arabia is allying with Russia to shore up oil prices as OPEC’s power wanes

Gregory Brew The Organization of the Petroleum Exporting Countries likes to look united.

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