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Anti-laundering, illicit dealings law takes effect
A clampdown on ill-gotten and unexplained wealth obtained by individuals involved in money laundering, crime and other illicit dealings has come into effect following the amendment of Statutory Instru...Published: 8 hrs ago | 1178 | by Staff reporter
'Zimbabwe soldiers did not kill civilians on 1 August'
The Zimbabwe Defence Forces did not kill any civilian during an operation aimed at restoring order in Harare's central business district following violent demonstrations that resulted in the death of ...Published: 21 hrs ago | 1507 | by Staff reporter
'Prioritise universal healthcare systems to achieve SDGs'
VICE-PRESIDENT Kembo Mohadi has urged African countries to prioritise universal healthcare systems in order to achieve the United Nations' crafted Sustainable Development Goals.Mohadi said thi...Published: 21 hrs ago | 70 | by Staff reporter
Chamisa's poorly scripted abduction antics are mischievous
A 36-second amateur video surfaced at the weekend, showing someone in a dominant red shirt stepping into the backseat of a Toyota Harrier with about six men on the side of the vehicle. The man in red ...Published: 21 hrs ago | 788 | by Staff reporter
Govt invites troubled Air Zimbabwe bids
GOVERNMENT has invited bids for the troubled national airline, Air Zimbabwe, as it pushes ahead with privatisation of its loss-making parastatals.The airline owes creditors $341 million and wa...Published: 21 hrs ago | 304 | by Staff reporter
1 year after Mugabe fall, Zimbabwe asks 'What has changed?'
One year ago the unthinkable happened in Zimbabwe: Robert Mugabe fell from power.Tanks rolled in the streets of the capital, Harare, on November 14, 2017, and the military put Mugabe under hou...Published: 12 Nov 2018 at 14:25hrs | 1896 | by AP
Panic as Mnangagwa targets cash barons' bank accounts
BOGUS businesspersons operating briefcase companies that fed on government tender manipulation and kickbacks to amass wealth are reportedly in panic mode after the State said it would use the Zimbabwe...Published: 12 Nov 2018 at 05:48hrs | 8395 | by Staff reporter
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 959 | by Eddie Cross
New law on illegal currency trading welcome
WE welcome President Emmerson Mnangagwa's decision to use temporary powers for a new law that will see illegal currency traders being sentenced to up to 10 years in jail, while ill-gotten wealth will ...Published: 12 Nov 2018 at 05:23hrs | 2124 | by Staff reporter
Zanu-PF bigwigs throng Harare court
It was an extraordinary week at the Harare Magistrates' Courts that saw four high-profile figures appearing in court on the same day, facing various charges.It was therefore a hive of activity...Published: 11 Nov 2018 at 16:30hrs | 2399 | by Staff reporter
CEO's case opens can of worms, suspended over hunting concessions
TSHOLOTSHO Rural District Council (RDC) CEO Themba Moyo was suspended for allegedly being the "stumbling block" in efforts to capture all hunting concessions in the district by private players, accord...Published: 11 Nov 2018 at 12:13hrs | 1007 | by Staff reporter
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | 1110 | by Bloomberg
Economic Dialogue: Building value chains, skills for Vision 2030
Zimbabwe aspires to be an upper middle-income economy with a per capita income of US$3 500 by 2030.This requires fundamental transformations and shifts in the economy. Our Transitional Stabili...Published: 11 Nov 2018 at 09:29hrs | 61 | by HE Emmerson D Mnangagwa
Time to value add, says Mnangagwa
President Emmerson Mnangagwa has proposed an indaba on how Zimbabwe should develop value chains for the country's mining and agriculture sectors with a view to advancing the twin objectives of moderni...Published: 11 Nov 2018 at 09:18hrs | 111 | by Staff reporter
Zimbabwe illegal currency dealers to be jailed for 10 years
President Emmerson Mnangagwa has used temporary powers for a new law that will see illegal currency traders being sentenced to up to ten years in jail, while ill-gotten wealth will be confiscated....Published: 11 Nov 2018 at 09:17hrs | 1425 | by Staff reporter
Chivayo, Chinamasa links exposed
FORMER Finance minister Patrick Chinamasa's daughter, Kangai (38), claims she was assisting embattled businessman and Intratrek owner Wicknell Chivayo purchase "equipment" in the United States when so...Published: 09 Nov 2018 at 05:18hrs | 4572 | by Staff reporter
RBZ boss refuses to scrap bond notes
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday defended the use of bond notes saying the real cause of problems facing the economy was not the surrogate currency but ballooning ele...Published: 09 Nov 2018 at 05:02hrs | 5742 | by Staff reporter
Zinara officials use personal bank accounts for business
The Zimbabwe National Road Administration (Zinara) and National Oil Infrastructure Company of Zimbabwe (NOIC) were using personal bank accounts for employees outside Harare to administer cash transact...Published: 09 Nov 2018 at 05:00hrs | 1104 | by Staff reporter
Zimbabwe to cut farm sizes
THE government has started a land audit to cut farm sizes, flush out multiple farm owners and correct some of the mistakes from its chaotic land reform programme.The effort is an attempt by th...Published: 08 Nov 2018 at 19:11hrs | 3975 | by Business Live
2% money transfer tax simplified
Intermediated Money Transfer Tax is a tax collected in terms of Section 36G as read with the Thirtieth Schedule of the Income Tax Act [Chapter 23:06]. This tax has been in place since 2003 and an amen...Published: 08 Nov 2018 at 10:30hrs | 5009 | by Staff reporter
'Chinamasa's son benefited from Chivayo's ZPC loot'
Former Finance minister Patrick Chinamasa's son, Kangai was yesterday named in court as one of the beneficiaries of the over $5 million advanced to businessman, Wicknell Chivayo by the Zimbabwe Power ...Published: 08 Nov 2018 at 05:46hrs | 2898 | by Staff reporter
Money supply growth slows
Zimbabwe's annual broad money supply (various forms of money) increased by just 1,18 percent in August to give a 38 percent rise for the year to August 2018 compared to 47 percent annual growth record...Published: 08 Nov 2018 at 05:20hrs | 829 | by Staff reporter
Supa Mandiwanzira granted $2,000 bail
The Former Minister of Information and Communication Technology has been granted $2 000 bail after spending yesterday night at Matapi Police Station in Mbare pending trialHe is bei...Published: 07 Nov 2018 at 15:41hrs | 1875 | by Staff reporter
One year after Zimbabwe soft coup
When Zimbabwe's army took power in a bloodless coup exactly one year ago, it promised to bring happiness back by ending social and economic suffering.The military said the coup was needed to "...Published: 07 Nov 2018 at 15:03hrs | 2087 | by Tendai Kamhungira
EFF calls for Jonathan Moyo's arrest
The Zimbabwe Economic Freedom fighters have called upon the government to seek the assistance of Interpol and extradite exiled Former G40 Kingpin to face corruption charges in Zimbabwe.Moyo is...Published: 07 Nov 2018 at 14:43hrs | 12235 | by Mandla Ndlovu
James Makamba's multi-million SA home to be auctioned over debt
The luxury multi-million rand Johannesburg mansion of top Zimbabwean businessman James Makamba is to go under the hammer at the end of the month following an order of the court.Makamba, who is...Published: 07 Nov 2018 at 10:51hrs | 2695 | by Staff reporter
Mthuli Ncube to present 2019 budget on November 22
FINANCE minister Mthuli Ncube has said he will present his maiden budget statement on November 22, in what will be a litmus test of how he will address Zimbabwe's economic crisis.Shortages of ...Published: 07 Nov 2018 at 06:07hrs | 912 | by Staff reporter
Chinamasa sucked into Chivayo scam
FORMER Finance minister Patrick Chinamasa was yesterday named as the official who advised Zimbabwe Power Company (ZPC) to raise $5 million to pay businessman, Wicknell Chivayo for the Gwanda Solar pro...Published: 07 Nov 2018 at 06:00hrs | 966 | by Staff reporter
Mangudya's US$1 billion fraud exposed?
Whistle blower Prisca Mutema has alleged that embattled Central Bank Governor John Panonetsa Mangudya is involved in a US$1 billion fraud that saw him and his cronies benefiting from loans taken from ...Published: 06 Nov 2018 at 07:38hrs | 18837 | by Mandla Ndlovu
Mugabe's wealth exposed
Robert Mugabe has always been a well-kept secret with no one knowing exactly how much the Mugabes are worth. The only snippets has been the $1.35m diamond ring bought for Grace's wedding anniver...Published: 04 Nov 2018 at 14:46hrs | 44775 | by Mandla Ndlovu
How bond notes remind me of street scams
Plot Mhako grew up on the mean streets of Glen-Norah and Glen-View and is familiar with a street scam or two. He makes a compelling analysis of bond notes - Zimbabwe's surrogate currency.This ...Published: 04 Nov 2018 at 10:10hrs | 2362 | by Plot Mhako
Lawyer convicted of $400,000 fraud
A BULAWAYO lawyer who defrauded more than $400 000 from 41 clients within a period of two years was on Friday convicted of fraud.Leslie Bhekimpilo Sibanda who was once employed at Webb, Low an...Published: 04 Nov 2018 at 09:44hrs | 1378 | by Staff reporter
'Mthuli Ncube needs be to politically savvy'
By all accounts, Finance and Economic Development minister Mthuli Ncube is a brilliant man, a financial engineer with a wealth of experience in both the private and public sectors. His appointment to ...Published: 04 Nov 2018 at 08:55hrs | 291 | by Staff reporter
Mnangagwa privately admits economic woes
PRESIDENT Emmerson Mnangagwa this week acknowledged to business leaders that the country's economy was in distress and in dire need of immediate rescue, amid rising inflationary pressures and currency...Published: 03 Nov 2018 at 12:59hrs | 3992 | by Staff reporter
Afreximbank pledges to continue assisting Zimbabwe
AFRICAN Export-Import Bank (Afreximbank) has pledged to continue assisting Zimbabwe meet its financial needs, saying all the loans extended to local entities by the bank have performed to expectation,...Published: 03 Nov 2018 at 12:54hrs | 1079 | by Staff reporter
Ginimbi raises fraud alert
Businessman and socialite Genius "Ginimbi" Kadungure has raised a fraud alert, warning his followers of bogus Ginimbis on social media.Ginimbi says there are imposters imitating him on Instagr...Published: 03 Nov 2018 at 09:55hrs | 1591 | by Staff reporter
Zimbabwe gets $1 billion bailout?
The African Export Import Bank (Afreximbank) has extended a $1 billion loan to Zimbabwe to guarantee the convertibility value of Real Time Gross Settlement (RTGS) balances into United States dollars a...Published: 02 Nov 2018 at 15:08hrs | 13648 | by Staff reporter
RBZ mulls forex interbank market
The directive by the Reserve of Zimbabwe (RBZ) early last month for banks to separate foreign currency accounts (nostros) and Zimbabwe's surrogate currency (bond notes/RTGS) balances, was part of init...Published: 02 Nov 2018 at 06:33hrs | 3380 | by Business Weekly
Citizen engagement key to open, inclusive policymaking
THE adoption of a citizen-centric worldview in policymaking and service design is a manifestation of the fundamental commitment to citizens' participation in governance that characterises a democratic...Published: 02 Nov 2018 at 06:10hrs | 48 | by Terrence Muvoti
Zimbabwe parliament should ratify continental free trade pact
On March 21 this year, President Emmerson Mnangagwa was one of the Heads of State and government who signed the African Continental Free Trade (AfCFTA).The protocol has now been signed by 49 o...Published: 02 Nov 2018 at 06:03hrs | 98 | by John Makamure
Take corruption charges against Jonathan Moyo seriously
Editor,As the Economic Freedom Fighters of Zimbabwe we are worried that corruption charges levelled against former Minister Professor Jonathan Moyo are not taken seriously. We are call...Published: 02 Nov 2018 at 05:51hrs | 2267 | by Innocent Ndibali
Zimra to crack whip on tax dodgers
Government is considering giving the Zimbabwe Revenue Authority (Zimra) absolute powers to descend heavily on tax dodging companies so as to recover the outstanding $4,5 billion. Finance and E...Published: 02 Nov 2018 at 05:43hrs | 391 | by Staff reporter
Madiro accounts for 'missing' Zanu-PF funds
ZANU-PF Manicaland provincial chairman, Michael Madiro has dismissed as baseless reports that money, which was sourced for Oppah Muchinguri-Kashiri's celebrations for her elevation to the position of ...Published: 02 Nov 2018 at 05:35hrs | 281 | by Staff reporter
The view from up here
Stalin's Chicken Part One: The case of Zimbabwe Just as axiety.org describes Adolf Hitler, Mao Zedong, Jos...Published: 01 Nov 2018 at 19:03hrs | 1203 | by Peter Muzira
Renewing Mangudya's term an insult
George Charamba's revelation that John Mangudya's term is about to be renewed is nauseating, cynical, contemptuous, disrespectful and an insult to the suffering masses of Zimbabwe.Charamba is ...Published: 01 Nov 2018 at 12:18hrs | 1636 | by Jacob Mafume, MDC National Spokesperson
'Masiyiwa joins bootlicking squad'
It really hurts when noble business owners like Masiyiwa is yet to be enlightened on the Zimbabwe's situation. He has joined boot licking squad that see no evil at the expense of his all-time supporti...Published: 01 Nov 2018 at 08:45hrs | 3178 | by Nkomah Isaac
Damaging allegation against BUSE vice chancellor
A FORMER Bindura University of Science Education (BUSE) lecturer has petitioned the High Court seeking an order to direct President Emmerson Mnangagwa to suspend his pending dismissal by the instituti...Published: 31 Oct 2018 at 05:29hrs | 1568 | by Staff reporter
Command Agriculture compounds State capture
The announcement by the head of the Air Force of Zimbabwe that Command Agriculture will continue, concerns the MDC Alliance.The announcement was made through an extra-legal institution with no...Published: 31 Oct 2018 at 05:25hrs | 563 | by Jacob Mafume
#IGForexChat 3: What does the next year hold for emerging market currencies?
IG presents 'IG Forex Chat 3' – a live di...Published: 30 Oct 2018 at 15:53hrs | 551 | by Tech Reporter
Command Agriculture compounds state capture
The announcement by the head of the air force of Zimbabwe that command agriculture will continue concerns the MDC.The announcement was made through an extra-legal institution with no such mand...Published: 30 Oct 2018 at 09:38hrs | 2629 | by Jacob Mafume, MDC National Spokesperson
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