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'Strong US$ bad for Zimbabwe,' says Mthuli Ncube
ZIMBABWE is building blocks towards a credible economic transformation programme that will anchor a return of the local currency and counter the negative effects of using a strong United States dollar...Published: 29 secs ago | | by Staff reporter
Calls to combat Zimbabwe graft grow louder
INDICATIONS from President Emmerson Mnangagwa's government currently show that he has taken a tough stance against corruption, a cancer that has done significant damage to the country's socio-economic...Published: 14 hrs ago | 453 | by Staff reporter
Zimbabwe's currency options
IT goes without saying that pursuant to the adoption of the multi-currency system in Zimbabwe in January 2009 until about 2015, one could withdraw up to US$5 000 from an automated teller machine. Over...Published: 17 hrs ago | 7013 | by Colls Ndlovu, Economist
Remembering Sidney Malunga
TWENTY-four years ago on August 28 my father died. It was sudden, unexpected, shocking!BY SIPHOSAMI MALUNGAHe had endured and survived much suffering in his lifetime. He had struggled ...Published: 23 Sep 2018 at 15:47hrs | 2300 | by Siphosami Malunga
MDC Alliance council's grand corruption, shady deals exposed
Corruption and bad governance are rife at Gweru City Council (GCC) and its management has no problem admitting that, albeit behind closed doors.This publication, working in collaboration with ...Published: 23 Sep 2018 at 15:20hrs | 1717 | by Staff reporter
Mthuli Ncube promises new currency
Finance minister Mthuli Ncube says government is drafting reforms that will see Zimbabwe eventually introducing its own currency.Ncube, who is in New York for the United Nations General Assemb...Published: 23 Sep 2018 at 09:05hrs | 8169 | by Staff reporter
Pokello's fairytale crashing
LAST Thursday, Zimbabwean social media woke up to another live broadcast on social media.This time on Instagram, Olinda was busy taking down her opponents in the way only she can. In front of ...Published: 23 Sep 2018 at 08:53hrs | 2478 | by Staff reporter
Mnangagwa commits 1% of GDP to research
GOVERNMENT has committed 1% of gross domestic product (GDP) towards research and development (R&D) across all sectors of the economy, President Emmerson Mnangagwa has said.R&D supports...Published: 21 Sep 2018 at 07:03hrs | 340 | by Staff reporter
Zimbabweans want US or Zim dollar only, not SA Rand
THE majority of Zimbabweans would be happy to adopt the United States dollar or the Zimbabwe dollar as only currency and are adverse to the use of bond notes, according to a recent public opinion surv...Published: 21 Sep 2018 at 06:52hrs | 2973 | by Staff reporter
Currency reform answer to Zimbabwe's economic woes
THE success of the new Government's effort to transform the country's economy, both in the immediate and future term hinges on addressing the currency reform problem. The vision of the Government is t...Published: 21 Sep 2018 at 06:44hrs | 338 | by Bongani Ngwenya
Chivayo threatens to approach ConCourt, State chickens out
THE State yesterday aborted attempts to amend charges levelled against businessperson Wicknell Chivayo, who is accused of swindling Zimbabwe Power Company of over $5 million, after the Intratrek found...Published: 20 Sep 2018 at 07:08hrs | 2067 | by Staff reporter
Security companies stealing from employees!
It is with grave concern that the Zimbabwe Network for Social Justice (ZimJustice) notes the ever-increasing heartless, callous and downright wicked behaviour by some security firms, as they fail to p...Published: 20 Sep 2018 at 06:18hrs | 997 | by Tendai Ruben Mbofana (ZimJustice)
Bulawayo hosts youth tourism conference
THE Zimbabwe Youth in Tourism (ZYT) is hosting a five-day conference in Bulawayo to market Brand Zimbabwe as well as engage in dialogue that will enhance youth business entrepreneurial skills....Published: 19 Sep 2018 at 07:25hrs | 267 | by Staff reporter
Mnangagwa must take a chance on Mthuli Ncube's ideas
It is clear that Zimbabwe's new Finance minister Mthuli Ncube is not a shy man and neither is he a coward. He would have been aware, weeks in advance, that he would be appointed Zimbabwe's Treasury ch...Published: 18 Sep 2018 at 08:25hrs | 4707 | by Staff reporter
Anxiety for Zimbabweans in South Africa
Zimbabweans who have applied for their Zimbabwe Exemption Permits (Zep) are anxious about the slow progress in the processing of their permits.Without a valid permit to show, they find their b...Published: 17 Sep 2018 at 14:12hrs | 1987 | by GoundUp
Bosso avert blushes over unpaid bills
HIGHLANDERS last week averted a potentially embarrassing situation that would have resulted in their property being attached by Bulawayo City Council over an unpaid water bill amounting to about $40 0...Published: 17 Sep 2018 at 06:51hrs | 190 | by Staff reporter
Remittance income drives Africa's economic growth - Report
A report launched by the Institute of Chartered Accountants in England and Wales (ICAEW) has said that despite an economic slowdown, most African countries are having a positive economic outlook. ...Published: 17 Sep 2018 at 06:46hrs | 97 | by Staff reporter
Zamco gives grace period for bad loans
The Zimbabwe Asset Management Company (Zamco) will allow an eight-year moratorium on all restructured non-performing loans (NPLs) before the central bank's bad loans cleansing special purpose vehicle ...Published: 17 Sep 2018 at 06:43hrs | 63 | by Staff reporter
Plot to oust Mphoko from Choppies exposed
Zimbabwean shareholders in the Botswana-based multinational grocery and general merchandise retailer Choppies Enterprises have accused the company's other shareholders of trying to "capture" them like...Published: 16 Sep 2018 at 09:33hrs | 5314 | by Staff reporter
Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | 3602 | by Staff reporter
Factional fights simmer in MDC led Bulawayo's new council
DIVISIONS are simmering among Bulawayo's new councillors amid revelations that there is bad blood between the city's Mayor Solomon Mguni and his deputy Tinashe Kambarami resulting in the former side-l...Published: 16 Sep 2018 at 08:52hrs | 521 | by Staff reporter
Zimbabweans still waiting for SA permits as deadline looms
Some Zimbabweans who have applied for their Zimbabwe Exemption Permits (ZEP) are anxious about the slow progress processing their permits. Without a valid permit to show, they find their bank accounts...Published: 15 Sep 2018 at 12:13hrs | 2176 | by Tariro Washinyira
Mthuli Ncube gets shock reality check
NEWLY-appointed Finance minister Mthuli Ncube - who arrived in the country from Switzerland early this week amid a populist storm and blaze of publicity on how to fix Zimbabwe's critically broken econ...Published: 14 Sep 2018 at 16:27hrs | 13068 | by Staff reporter
Building an effective public service in Zimbabwe
PUBLIC financial resources ought to be managed with integrity, transparency and accountability, all for efficient and effective service delivery, sustainable economic growth and development.Ab...Published: 11 Sep 2018 at 07:12hrs | 755 | by Mthuli Ncube
Zimra embarks on tax administration reforms
THE Zimbabwe Revenue Authority (Zimra) says it is ready to contribute to a "new dispensation" through tax administration reforms, which seek to simplify tax rules and help taxpayers to meet regulatory...Published: 10 Sep 2018 at 06:53hrs | 232 | by Staff reporter
Zesa under fire over EcoCash purchases
THE Zimbabwe Electricity Supply Authority (Zesa) has increased its minimum EcoCash prepaid electricity token to $10 from $2, much to the chagrin of customers who say the hike caught them by surprise. ...Published: 10 Sep 2018 at 06:32hrs | 362 | by Staff reporter
'Bond notes to go before year end,' says Mthuli Ncube
New Finance Professor Mthuli Ncube says bond notes could be gone by the end of this year."I am very clear that there have to be currency reforms and the (current) currency approach is not work...Published: 09 Sep 2018 at 20:17hrs | 23341 | by Staff reporter
New ministers to make tough decisions
Newly appointed Cabinet ministers, who will be sworn in tomorrow, believe President Emmerson Mnangagwa's vision of creating a middle-income economy by 2030 is attainable, and tough decisions will have...Published: 09 Sep 2018 at 08:09hrs | 345 | by Staff reporter
Value for money, public financial resource management and effective public service delivery in Zimbabwe
Public financial resources ought to be managed with integrity, transparency and accountability, all for efficient and effective service delivery, sustainable economic growth and development.Above all ...Published: 08 Sep 2018 at 08:25hrs | 1215 | by Prof Mthuli Ncube, Finance Minister of Zimbabwe
Henrietta Rushwaya survives coup
FORMER ZIFA president Henrietta Rushwaya Thursday survived a bid to remove her as Zimbabwe Miners Federation (ZMF) president after the High Court dismissed an application lodged by some rivals who wer...Published: 07 Sep 2018 at 14:56hrs | 769 | by Staff reporter
Zimbabweans in limbo after giving SA home affairs asylum papers
In 2009, the South African government introduced the Dispensation of Zimbabweans Project (DZP) to legalise the many Zimbabweans already inside the country because of the political and socio-economic s...Published: 07 Sep 2018 at 08:45hrs | 3831 | by Staff reporter
Zimra to reform tax collection processes
THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax processes as part of measures to improve collections and expand the tax base.While collections have improved in the ...Published: 07 Sep 2018 at 06:57hrs | 409 | by Staff reporter
Open Letter to Makandiwa and Mahiya
It came not as surprise to Zimbabweans to hear the words of Makandiwa denouncing USA concerning sanctions to Zimbabwe. Your prophesies are fake. Remember you were to vocal in support of introd...Published: 06 Sep 2018 at 09:01hrs | 6557 | by Isaac Nkomah
Govt goes after businesses as cash crisis gnaws
The Zimbabwe Anti-Corruption Commission (Zacc) has threatened to go after businesses that do not bank cash proceeds as well as financial institutions that allegedly channel cash into the informal sect...Published: 06 Sep 2018 at 07:02hrs | 2120 | by Staff reporter
Muchechetere in court for criminal abuse of duty
Sport and Recreation Committee (SRC) acting director-general Joseph Muchechetere yesterday appeared in court facing charges of misusing more than $2 million he received from sponsors.Muchechet...Published: 06 Sep 2018 at 07:01hrs | 882 | by Staff reporter
Schools urged to embrace mobile cash
GOVERNMENT has instructed schools to open mobile money accounts and create more options for parents to pay school fees besides cash and bank transfers. A snap survey in Mutare yesterday showed...Published: 05 Sep 2018 at 06:34hrs | 143 | by Staff reporter
'Card cloners' arrested
Four suspected card cloners appeared in court this weekend for allegedly stealing $18 000 from various bank accounts within a period of three days, a court heard.Nyaradzai Wisdom Mazviwanza, 3...Published: 03 Sep 2018 at 17:13hrs | 2896 | by Staff reporter
Politicians embrace social media
More and more politicians in Zimbabwe, including those in government, seem to have finally embraced social media - a tool they once frowned upon - as they communicate policies and defend their actions...Published: 03 Sep 2018 at 17:10hrs | 741 | by Staff reporter
Pensioner loses $17 000 to fraudster
A 28-YEAR-OLD man from Bulawayo has been arrested after he allegedly stole $17 000 from a pensioner's bank account before splashing the money on a car and transferring funds to other accounts. ...Published: 03 Sep 2018 at 06:18hrs | 472 | by Staff reporter
Normal to below-normal rainfall forecast for Sadc
SOUTHERN Africa is expected to receive erratic rainfall in the 2018/19 agricultural season, according to the latest outlook produced by regional climate experts who predict that seasonal rainfall will...Published: 03 Sep 2018 at 06:18hrs | 417 | by Staff reporter
Mthuli Ncube wants bond notes scrapped
RENOWNED financial, economic and investment expert, Professor Mthuli Ncube, has advised Treasury to scrap bond notes and revert to use of the United States dollar in the meantime while working towards...Published: 03 Sep 2018 at 06:16hrs | 4051 | by Staff reporter
ZACC sets up special unit
The Zimbabwe Anti-Corruption Commission has established a special Economy and Trade unit to investigate on fraud, tax violations and economic sabotage in the public and private sectors.The tea...Published: 02 Sep 2018 at 08:50hrs | 166 | by Staff reporter
Prof. Mthuli Ncube: How to kick start Zimbabwe's economic recovery
There is a lot of work to do on the economic front but what is important is to draft a very clear economic vision and strategy for the country, to create an economy that exhibits strong GDP growth ove...Published: 30 Aug 2018 at 22:05hrs | 6250 | by Professor Mthuli Ncube
Magistrate cautions Chivayo
A Harare magistrate has cautioned businessman Wicknell Chivayo, who is facing fraud charges to abide by bail conditions after he defaulted reporting to police during Heroes' holidays.Chivayo a...Published: 30 Aug 2018 at 12:56hrs | 3192 | by staff reporter
Zimbabwe urged to legalise use of crypto-currencies
GOVERNMENT should consider legalising and regulating the use of crypto-currencies so as to benefit from tax collections and minimise financial crimes such as money laundering.This was said by ...Published: 29 Aug 2018 at 06:40hrs | 278 | by Staff reporter
Cabinet okays Zesa re-bundling
Cabinet has approved the re-bundling of Zesa Holdings as part of measures to arrest the high cost of running the business, and potentially result in the power tariff coming down or remaining at the cu...Published: 29 Aug 2018 at 06:30hrs | 348 | by Staff reporter
Baker's Inn to sink $20million into bread production
CONFECTIONERY giant, Baker's Inn, will invest over $20 million towards putting up additional plants at its Bulawayo and Harare factories next year as it seeks to further ramp up production to meet the...Published: 26 Aug 2018 at 11:00hrs | 1290 | by Staff Reporter
No need to queue at banks
DEPOSITORS no longer need to spend hours queuing at banking halls as they have an option of conducting their transactions digitally using online technology platforms, Stanbic Bank Zimbabwe chair, Mr G...Published: 24 Aug 2018 at 05:46hrs | 988 | by Staff reporter
It never rains but pours for Undenge
It never rains but it pours for former Energy minister Samuel Undenge after he was dragged back to court on Saturday on another charge.In the latest charge, Undenge is facing fraud allegations...Published: 21 Aug 2018 at 07:09hrs | 2783 | by Staff reporter
US sanctions on Zimbabwe - truths, history and lies
A new regime of US sanctions has just been signed into law, opening a fresh front in the increasingly polarised political debate in Zimbabwe.Critics say they hurt the economy, while supporters...Published: 20 Aug 2018 at 19:01hrs | 5649 | by newsZWire
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