Day: October 2, 2017

ZSE opens week in green

The Zimbabwe Stock Exchange has started the week on a higher note on the back of gains by the two trading indices. The industrial index gained 0.60 percent to close at 420.91 points while the resources index was 6.44 percent up to end at 130.46 points. Edgars rose by 16 percent to 5.80 cents, FBC was 9.09 percent up to end at 24.00 cents, Old Mutual gained by 4.93 percent to 964.59 cents and Bat was 2.48 percent higher to close at 3100.00 cents. Losers included Willdale whose share price dropped by 18.99 percent to 0.64 cents, Turnall was...

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ZCDC starts conglomerate mining project

The Zimbabwe Consolidated Diamond Company (ZCDC) has started the much anticipated conglomerate mining ahead of the commissioning of the project next month. Following the discovery of diamonds within the Chiadzwa area of Manicaland, companies that were given concessions to mine by the government were concentrating on alluvial mining however, the depletion of the alluvial reserves ushered in a need for kimberlite mining systems. The conglomerate diamonds are located deeper than the alluvial ones but and more value compared to the alluvial diamonds but the need for highly technological equipment to extract the mineral has been the focal point of...

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Rivaldo expected in Zim

Brazilian superstar Rivaldo is expected in the country this evening for deliberations on a visit by Barcelona legends set for the first week of November. Widely renowned for his feats as a player that rose from Brazil to plying his trade in the Spanish La Liga for Deportivo La Coruna and Barcelona, Rivaldo is expected to arrive in the country this evening at 21:15 hours. The visit is to engage authorities on a match will in November see Barcelona legends  play in Zimbabwe. The Ministry of Sport and Recreation today held a press conference confirming Rivaldo’s visit and plans...

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BREAKING: 5 feared dead in Zvishavane accident

At least five people are feared dead after a Toyota Granvia which they were travelling in was involved in an accident with a bus just outside Zvishavane on the highway to Bulawayo. Eye witnesses told the ZBC News that the Granvia turned right in front of the Bercam bus as it sought to avoid a roadblock ahead. The bus is then reported to have rammed into the kombi dragging it for an approximate 50 metres. The ZBC News is however yet to establish with the police the correct number of fatalities and the circumstances of the...

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NSSA suspends payouts for unregistered pensioners

The National Social Security Authority (NSSA) has suspended payouts for more than 17 000 pensioners who are not registered under their new biometric registration programme. More than 149 000 pensioners have been registered under the NSSA biometric registration exercise which began in November last year and ended on 30 September. The process is meant to ensure that well deserving pensioners are the ones receiving their entitlements. NSSA marketing and public relations executive, Mr Tendai Mutseyekwa said 17 864 pensioners were not enrolled and their payouts will be suspended until they register under the new system. Previously pensioners were using...

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Govt gets tough on GMB

Cabinet has directed the Grain Marketing Board (GMB) to improve transparency in the way grain deliveries and subsequent payments are being handled. This follows several complaints by the farmers over the way they are being treated. Following concerns raised by farmers over treatment they are receiving from the GMB, Cabinet has issued a directive ordering GMB to receive and accept all grain deliveries to its depots in an open and transparent way. In a statement on the position of Cabinet with regards to GMB, Minister of Information, Media and Broadcasting Services Dr Christopher Mushohwe said the GMB should urgently...

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Pres Mugabe arrives in SA

The President Cde Robert Mugabe has left Harare for Pretoria to attend the second South Africa-Zimbabwe Bi-national Commission which begins in the South African capital tomorrow. President Mugabe was seen-off at the Harare International Airport by the two Vice Presidents Cdes Emmerson Mnangagwa and Phelekezela Mphoko, several cabinet ministers, service chiefs and senior government officials. Also in Pretoria are several government ministers and senior government officials who have been having a series of talks across ministries with their South African counterparts. Zimbabwe and South Africa share bilateral relations that are strong and this resulted in the two sister countries...

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Govt suspends duty on fertilised poultry eggs

The government has wholly suspended duty on fertilised poultry eggs for hatchery for a six month period to rebuild the poultry sector following the adverse effects of the avian influenza. The government is rebuilding the poultry sector following the adverse effects of the avian influenza between May and July that reduced production thereby threatening the sector with profitability challenges. According to a statutory instrument 124 of 2017 published by the latest government gazette seen by the ZBC News today, six poultry companies have been removed from paying duty on imported fertilised eggs for hatchery. The approved breeding firms are...

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Free breast cancer screening on offer

Tomorrow marks the 2nd day of the breast cancer awareness month for the year 2017 and women from all walks of life are taking advantage of the breast cancer examination services that are on offer at various health facilities and at the Cancer Association of Zimbabwe where women are being screened free of charge, as part of efforts to save the number of women succumbing to the disease. According to research conducted, one in eight women is likely to develop breast cancer. The Cancer Association of Zimbabwe is offering free breast cancer screening services until the 31st of this...

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Five killed in Phelilendaba accident

Five people were killed yesterday evening along the Roy, Zaka road while 6 others were injured after a bus they were travelling in overturned close to Phelilendaba Business Centre. The bus which was carrying members of the Zion Christian Church (ZCC), who were on their way from Masvingo to Chiredzi is said to have overturned after the driver tried to avoid a head on collision with a haulage truck that was overtaking a broken down truck at a blind spot. Eye witnesses told the ZBC News that the bus veered off the road and fell into a valley where...

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