Paul Nyakazeya, Group Digital Editor, Author at The Financial Gazette

RTG partners Swiss hospitality group

Paul Nyakazeya, Group Digital EditorApril 11, 2024081 views

RAINBOW Tourism Group Limited (RTG) has announced a strategic partnership with Switzerland-based hospitality group, Grand Metropolitan Holdings BV (GMH). The collaboration aims to establish multiple joint ventures, primarily in the realms of technology and hospitality. The partnership encompasses various facets, including the establishment of management contracts across African hotels, sharing of best practices in hotel…

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Tourism marks 4pct growth

Paul Nyakazeya, Group Digital EditorMarch 14, 2024077 views

ZIMBABWE recorded a 4,13 percent increase in tourist arrivals in the fourth quarter of 2023, with 515 336 visitors entering the country, according to the Reserve Bank of Zimbabwe (RBZ). This growth is a continuation of the positive trend set post-Covid-19 and elections, signalling a strengthening of the sector. The RBZ said the rise was…

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Premier expands to tantalum market

Paul Nyakazeya, Group Digital EditorFebruary 15, 2024099 views

PREMIER African Minerals (Premier) says it sees promising developments in the tantalum market and aims to strategically position itself to benefit from them. “Our primary objective remains producing high-grade spodumene for premium pricing,” Premier chief executive George Roach explains. “However, the tantalum reserves present a lucrative opportunity we cannot ignore.” The mining and natural resource…

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Hospitality sector banks on domestic tourism

Paul Nyakazeya, Group Digital EditorJanuary 25, 20240100 views

NEWLY elected Hospitality Association of Zimbabwe (HAZ) president Brian Nyakutombwa says domestic tourism will push occupancy rates up this year. Nyakutombwa who succeeded Farai Chimba last November was also optimistic that government efforts to grow the tourism sector would also bring up new investments in the sector. He further called for the campaign to boost…

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Mick Schumacher to race for Alpine in World Endurance Championship

Paul Nyakazeya, Group Digital EditorNovember 23, 20230103 views

Mick Schumacher will race in the World Endurance Championship for Alpine next season. The 24-year-old German, son of seven-time F1 world champion Michael, will remain as Mercedes’ F1 reserve driver for a second year. “I sorely missed racing this year. It’s what I’ve loved to do since I was a kid,” said Schumacher, who lost…

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Mimosa production up

Paul Nyakazeya, Group Digital EditorNovember 9, 2023097 views

SIBANYE-Stillwater (Sibanye) says platinum, palladium, rhodium and gold 4E PGM production from its local unit, Mimosa Mining Company (Mimosa), was one percent higher than prior period at 29 060 ounces, during the quarter ended September 30, 2023. The group said all-in sustaining cost increased by 10 percent year-on-year to US$1,359/4E ounce due to inflationary pressures…

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Airlines cancel or delay flights to Israel as fighting continues

Paul Nyakazeya, Group Digital EditorOctober 12, 20230145 views

Major airlines around the world have cancelled flights to Israel or warned of travel disruption as the security situation deteriorates. Virgin Atlantic warned of cancellations and delays to Tel Aviv and British Airways (BA) has altered its schedule. Meanwhile, three US carriers, as well as Air France, Lufthansa and Emirates, have suspended services. Palestinian militants…

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SA margarine fight: Unilever agrees to R400m settlement with competition watchdog

Paul Nyakazeya, Group Digital EditorOctober 12, 20230150 views

SA’s top anti-trust adjudicating body on Monday confirmed a nearly R400 million settlement agreement between Unilever and competition authorities over the alleged market division of margarine. The order will see the global consumer goods company will pay a R16 million administrative penalty, while making substantial investments in procurement and supplier development that bring the total…

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Namibia bans poultry imports from South Africa due to bird flu

Paul Nyakazeya, Group Digital EditorSeptember 28, 20230163 views

Namibia has suspended imports of live poultry, birds and poultry products from South Africa following the spread of highly pathogenic avian influenza (HPAI) in the neighbouring country. The suspension is in effect until further notice, the agriculture ministry said in a statement released on Wednesday. South Africa is facing a major bird flu outbreak that…

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Inconsistencies in local authorities taxing regimes impacting miners

Paul Nyakazeya, Group Digital EditorSeptember 28, 20230183 views

SMALL scale miners have decried the inconsistencies in the Rural District Councils (RDC) taxing regimes saying it has grossly impacted their operations.