Search / Arrears
Mnangagwa, EU envoy in public spat
President Emmerson Mnangagwa yesterday threw away diplomatic etiquette and publicly censured EU ambassador Timo Olkkonen after the latter in his speech touched on the worsening human rights abuses in ...Published: 17 hrs ago | 3023 | by Staff reporter
Currency devaluation slashes Zimbabwe wages by 90%
Zimbabwe's rulers are finding that two decades of economic mismanagement and brutal repression have led them into a trap, from which there's little chance of escape.If they implement the polit...Published: 17 hrs ago | 515 | by Bloomberg
Chamisa party's ex-workers eye MDC's govt grant
THE Nelson Chamisa-led MDC has been taken to the High Court by five former employees have approached the court seeking an order to garnish the political party's grant from the Finance ministry in a bi...Published: 21 Aug 2019 at 07:51hrs | 238 | by Staff reporter
IMF warns Zimbabwe against pay boost as living standards crash
The International Monetary Fund's resident representative in Zimbabwe warned the government against boosting wages for state workers after the introduction of a new currency pushed up inflation and re...Published: 19 Aug 2019 at 07:41hrs | 2278 | by Bloomberg
Zimbabwe eyes US$2bn from G7 nations
Zimbabwe will borrow US$1,9 billion from the Group of 7 industrialised nations to clear debts to the African Development Bank (AfDB) and World Bank, Finance and Economic Development Minister Mthuli Nc...Published: 19 Aug 2019 at 07:35hrs | 312 | by Staff reporter
Mthuli Ncube has a plan, but is it gobbledegook?
Zimbabwean finance minister Mthuli Ncube has laid out a plan to end the nation's two-decade stand-off with international creditors and has dismissed rapidly accelerating inflation as "wage compression...Published: 17 Aug 2019 at 11:08hrs | 4149 | by Bloomberg News
Mugabe has last laugh as economic crisis reaches breaking point
The fault lies entirely with the ruling Zanu-PF party, which has lost its legitimacyWhen Zimbabweans are expressing nostalgia for Robert Mugabe you know things must be bad. Yet it is now commo...Published: 16 Aug 2019 at 08:13hrs | 486 | by www.msn.com
Fact-checking Mthuli Ncube
"It's early days, we just introduced the new currency regime a little over a month ago, so it (the new currency) is trying to find its way, it is trying to find equilibrium; it will get there and clos...Published: 15 Aug 2019 at 07:27hrs | 1170 | by Staff reporter
Zesa scales down load-shedding
Zesa Holdings has downgraded load-shedding from Stage Two to Stage One after it started receiving 400MW from Eskom of South Africa last Thursday, an official has said. Zesa will now cut off po...Published: 14 Aug 2019 at 07:34hrs | 1219 | by Staff reporter
Zimbabwe MPs demand $3 000 accommodation allowances
LEGISLATORS on Tuesday demanded that Finance minister Mthuli Ncube give them money so that they find their own accommodation in Harare instead of using hotels which Treasury was failing to pay for, re...Published: 08 Aug 2019 at 07:53hrs | 741 | by Staff reporter
Kariba set to stop power generation by October
Imports are the only short-term solution to ending Zimbabwe's power crisis as receding water levels at the main hydro-power plant continue to curtail generation, an official said on Monday.Zim...Published: 05 Aug 2019 at 19:12hrs | 1802 | by New Ziana
Zimra cracks whip on tax defaulters
Taxable entities that delay their tax remittances face stiffer penalties after Finance and Economic Development Minister Mthuli Ncube hiked interest on outstanding debts by 400 percent. Intere...Published: 03 Aug 2019 at 09:17hrs | 191 | by Staff reporter
Mthuli Ncube confirms new grand fiscal heist
FINANCE minister Mthuli Ncube yesterday unwittingly confirmed government committed a grand US$7 billion fiscal heist - by design or accident - when it banned without warning the multi-currency system ...Published: 02 Aug 2019 at 15:17hrs | 3353 | by Staff reporter
Zimbabwe's reform agenda - One year on
It is one year since the election of President Emmerson Mnangagwa to the helm of the State. This marks an important milestone for a new administration which has made reform a key priority, seeking to ...Published: 01 Aug 2019 at 09:14hrs | 197 | by Lt-Gen (Rtd) Sibusiso B. Moyo
Harare council nurses on go-slow
NURSES working at Harare City Council-run clinics have embarked on a one-day working week starting yesterday, saying they could no longer afford to go to work every day due to the high cost of living ...Published: 30 Jul 2019 at 07:33hrs | 757 | by Staff reporter
Mthuli Ncube happy with reforms progress
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has expressed satisfaction with progress made in the economic reform process and the performance of the interbank market to date. ...Published: 30 Jul 2019 at 07:22hrs | 3268 | by Staff reporter
Zesa Holdings' breach of contract
THE frustration and futility of it all; no person living in Zimbabwe is happy with the current electricity supply situation.Not even the most hopeful optimists can think brightly about power c...Published: 27 Jul 2019 at 16:30hrs | 2809 | by Miriam Tose Majome
South JetOne demands US$50m for planes' software from Air Zimbabwe
THE two Airbus A320 planes at the centre of a wrangle between Air Zimbabwe (AirZim) and an Isle of Man company, South JetOne Ltd, were leased to the troubled airline with the latter demanding a US$50 ...Published: 19 Jul 2019 at 07:56hrs | 752 | by Staff reporter
Mthuli Ncube ordered to disclose real debt
PARLIAMENT has given Finance minister Mthuli Ncube up to September 30 to disclose the terms and conditions of all public loans and loan guarantees that have not been published, with legislators castin...Published: 19 Jul 2019 at 07:51hrs | 1812 | by Staff reporter
Peter Moyo ouster was 'artificially manufactured'
Former Old Mutual CEO Peter Moyo on Thursday sought to demonstrate that the breakdown in trust cited by his former employer as a reason for his axing was "artificially manufactured".Moyo is in...Published: 18 Jul 2019 at 16:55hrs | 2138 | by Staff reporter
Trump nails Mnangagwa?
The United States of America has released yet another damning report on Zimbabwe - observing that President Emmerson Mnangagwa's government continues to fail to capitalise on the goodwill that was pre...Published: 17 Jul 2019 at 08:26hrs | 10736 | by Staff reporter
Duty waiver on solar equipment
Government has approved a duty waiver on solar equipment and allowed mining firms to procure energy directly from the Southern African Power Pool. Further, selected hotels in resort areas will soon st...Published: 17 Jul 2019 at 07:38hrs | 728 | by Staff reporter
Peter Moyo vs. Old Mutual: 7 key factors as they head to court
Ex-Old Mutual CEO Peter Moyo heads to court on Tuesday to challenge his dismissal by the financial giant.The legal wrangle centres around the blue-chip company's dismissal of its former chief ...Published: 16 Jul 2019 at 08:14hrs | 1532 | by Staff reporter
Mthuli Ncube's TSP could resolve most of Zimbabwe's structural problems, says US
PRESIDENT Emmerson Mnangagwa's reforms anchored on his short-term policy, the Transitional Stabilisation Programme (TSP) could resolve most of Zimbabwe's structural problems, his most vocal foreign cr...Published: 16 Jul 2019 at 07:29hrs | 3910 | by newzimbabwe
Zesa dismisses four-day load shedding reports
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has dismissed reports that it will switch to stage four of load shedding, which would see affected suburbs experiencing four days...Published: 15 Jul 2019 at 07:51hrs | 835 | by Staff reporter
Zesa sets the record straight on levels of load shedding
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says it has noted with concern gross misrepresentations by the Financial Gazette (Page 2 - 11th July 2019 edition) that ZESA Hold...Published: 14 Jul 2019 at 19:42hrs | 6880 | by Staff reporter
Shambles rock Zimbabwe govt over domestic debt
GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...Published: 12 Jul 2019 at 09:20hrs | 469 | by Staff reporter
BCC evicts Tshinga Dube
ZANU-PF Politburo member and former Zanu-PF Makokoba legislator Retired Colonel Tshinga Dube faces eviction from his council leased parliamentary offices situated in Nguboyenja high density surburbs. ...Published: 10 Jul 2019 at 08:33hrs | 3860 | by Staff reporter
Sixth judge dumps ex-PG director's case
Bulawayo High Court judge Justice Thompson Mabhikwa has recused himself from hearing the 19-year-old legal wrangle between former PG Industries (Zimbabwe) Limited marketing director Nkululeko Mabhena ...Published: 07 Jul 2019 at 21:23hrs | 345 | by Staff reporter
Chasi to revoke license of dormant IPPs
THE Government will consider revoking licences of Independent Power Producers failing to kick start their projects as it moves to reduce the power deficit grappling the country, a Cabinet Minister has...Published: 07 Jul 2019 at 21:05hrs | 323 | by Staff reporter
Zinara finance director sued over US$169k rentals
SUSPENDED Zimbabwe National Road Administration (Zinara) finance director Simon Taranhike, who is facing criminal charges of abuse of office, has again been dragged to the High Court by a local proper...Published: 06 Jul 2019 at 10:06hrs | 252 | by Staff reporter
Mthuli Ncubes' pass to ease dollar woes works, for now
Crisis-stricken Zimbabwe may have landed a raft of major monetary-policy reforms that were dubbed by one analyst as a "Hail-Mary pass."Last week, the central bank banned the use of foreign cur...Published: 05 Jul 2019 at 08:25hrs | 3756 | by Staff reporter
Perverse opulence amid squalor likely to sink Zimbabwe
The late JK Galbraith, an influential economist in the US public sphere more than 60 years ago, described Americans' conspicuous consumption in his book The Affluent Society as "private opulence amids...Published: 05 Jul 2019 at 08:24hrs | 836 | by Staff reporter
More blackouts for Zimbabweans
As the cold front is about to reach its peak many Zimbabweans will relatively fill the pinch due to the erratic power cuts.Zimbabwe Electricity Supply Authority (ZESA) is still battling to sec...Published: 04 Jul 2019 at 22:11hrs | 6563 | by Daniel Itai
Prophet Magaya faces fresh accusations of sexual abuse
Prophetic Healing and Deliverance Ministries founder, the self-styled prophet Walter Magaya, is facing new accusations of sexual abuse after a couple claimed he impregnated their 17-year-old daughter....Published: 28 Jun 2019 at 23:30hrs | 4264 | by ZimLive
Chinese miner's property attached over 'slave' wages
CHINESE mining firm, San He Zimbabwe, had its property attached by the sheriff after it failed to settle over US$218 970 in salary arrears and non-payment of overtime.The mine, based in Guruve...Published: 28 Jun 2019 at 06:26hrs | 1475 | by Staff reporter
Zimra expects to surpass ZWL$5bn revenue target
The Zimbabwe Revenue Authority (Zimra) says gross collections have so far reached ZWL$4,96 billion and the tax collector expects to surpass ZWL$5 billion by the end of June.Without any direct ...Published: 28 Jun 2019 at 06:25hrs | 392 | by Staff reporter
Mwonzora's law firm fails to pay rent
OPPOSITION leader Douglas Mwonzora's law firm faces eviction over alleged non-payment of rent at premises in Eastlea.According to papers filed at Harare Civil Court, Mwonzora is being sued for...Published: 26 Jun 2019 at 22:32hrs | 2064 | by Staff reporter
Mahachi rescues die-hard Bosso supporter
WARRIORS' winger Kudakwashe Mahachi, through his foundation, Mahachi Foundation, rescued a die-hard Highlanders supporter Melusi Khumalo from eviction after pledging to pay his rental arrears of $9 00...Published: 26 Jun 2019 at 07:19hrs | 1848 | by staff reporter
Chamisa fires 145 party employees who served in Mwonzora's office
MDC Alliance leader, Mr Nelson Chamisa, has fired 145 party employees recruited by the party's founding leader Morgan Tsvangirai as sharp divisions have emerged in the party. Mr Chamisa, who a...Published: 25 Jun 2019 at 07:52hrs | 6015 | by Staff reporter
Cabinet tackles load shedding
Government has stepped up efforts to address electricity challenges obtaining in the country, but signalled that collective efforts are required for a long-lasting solution. Addressing a press...Published: 19 Jun 2019 at 07:36hrs | 1725 | by Staff reporter
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | 2218 | by Victor Bhoroma
Mthuli Ncube's speech to AfDB boards of governors - Fulltext
Speech by the minister of finance and economic development, Hon. Prof. Mthuli Ncube during the 2019 annual meetings of the boards of governors of the African Development Bank Group: Malabo, Republic o...Published: 16 Jun 2019 at 20:03hrs | 1030 | by Mthuli NCube
Khuphe 'defrauds' agriculture college
A former Esigodini Agriculture College accounting assistant has been arrested for allegedly embezzling the institution's funds during his term of office.Honest Khuphe (32) of Nketa 6 suburb in...Published: 16 Jun 2019 at 09:40hrs | 1094 | by Staff reporter
'Sanctions alone not the cause of Zimbabwe economic woes'
Zimbabwe Coalition on Debt and Development executive director Janet Zhou has said while Western sanctions imposed on the country were negatively affecting the economy, it was trite to note that gross ...Published: 15 Jun 2019 at 08:55hrs | 215 | by Staff reporter
Zinara revenues projected to hit $136m
The Zimbabwe National Roads Administration (Zinara)'s combined revenues are projected to rise to $135,6 million for the current year, up from $133,3 million last year. The improvement in the roads aut...Published: 13 Jun 2019 at 07:13hrs | 159 | by Staff reporter
Mass resignations stall ex-Zinara boss trial
The trial of former Zimbabwe National Road Administration (Zinara) board chairperson, Albert Mugabe, on criminal abuse of office charges, was yesterday postponed to a later date after the chief witnes...Published: 12 Jun 2019 at 07:10hrs | 3023 | by Staff reporter
AfDB boost for Mthuli Ncube
FINANCE and Economic Development Minister Professor Mthuli Ncube has said the African Development Bank (AfDB) board has endorsed Zimbabwe's reform agenda under the Transitional Stabilisation Programme...Published: 12 Jun 2019 at 07:00hrs | 5715 | by Staff reporter
Mthuli Ncube on course to clear Zimbabwe's AFDB debt
ZIMBABWE is on course to clear its US$605 million debt to the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank beginning early next year, the Minist...Published: 12 Jun 2019 at 06:52hrs | 451 | by Staff reporter
Telecel to clear licensing arrears
MOBILE operator Telecel Zimbabwe has said it is now targeting to clear its licensing obligations of US$137,5 million to Government by 2020. In 2013 the mobile operator made an arrangement with...Published: 11 Jun 2019 at 07:05hrs | 230 | by Staff reporter
Load More Stories
