Oil prices jump 5 percent on U.S.-China trade war ceasefire; Qatar to leave OPEC

SINGAPORE – Oil prices soared by around 5 percent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a…

South Africa’s Naspers H1 profit jumps, Tencent robust

JOHANNESBURG – South African media and e-commerce giant Naspers reported a 39 percent jump in half-year profit on Friday, thanks to a strong performance in its investment in China’s Tencent.

‘Domestic investments key to economic growth’

Michael Tome/Bernard Yombayomba HARARE – Renowned African scholars have implored the Government to find ways of promoting domestic investments to ensure long-term growth and continuity in the economy.

125 000 farmers target command, contract farming

Kudakwashe Mhundwa HARARE – Over 125 000 farmers are targeting to be part of command and contract farming schemes this summer cropping as self-financing  farming business continues to be under…

US$ Brady Bond can preserve RTGS balances value: Chakravati

Tawanda Musarurwa HARARE – Zimbabwe’s monetary authorities should consider issuing a long maturity United States dollar Brady type Bond that can help in preserving the value of Real Time Gross…

Foot & Mouth disease affects Koala beef exports targets

Kudakwashe Mhundwa HARARE – Ravaging Foot and Mouth Disease (FMD) has shattered Koala Park Butchery and Abattoir’s intention of exporting meat to Botswana and Europe Union early next year as…

Forex shortages put construction projects on hold: CIFOZ

Enacy Mapakame HARARE – Local contractors have put on hold implementation of projects in the country due to foreign currency shortages coupled with effects of the multi-tier pricing which is…

Nampak FY profit up 90pc

Michael Tome HARARE – Zimbabwe Stock Exchange-listed packaging company Nampak Zimbabwe (Nampak) profit for the year up to September  jumped 89, 3 percent to $14,5 million from $7,6 million in…

South African taxpayers can’t keep bailing out broken airline

Jannie Rossouw R21 billion: that’s how much South Africa’s beleaguered national carrier, South African Airways (SAA), says it needs to keep running.

Asian shares wobble before Trump-Xi meeting

SHANGHAI – Asian shares wavered on Friday as investors were on edge before a crucial weekend meeting between the Chinese and U.S. presidents that could determine the course of a…

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