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Zimbabwe Must Seize the Opportunity to Attract Investment as South Africa Faces Agricultural and Economic Shifts
The ongoing upheaval in South Africa regarding the removal of white farmers and the broader implications for the country's investment climate present a unique opportunity for Zimbabwe. While the polit...Published: 19 Feb 2025 at 13:13hrs | 481 | by Marilyn Mutize
NSSA chairman embroiled in underhand Rainbow Tourism Group takeover bid
NATIONAL Social Security Authority (Nssa) chairman Emmanuel Fundira, who is former chairman of African Sun Limited, and an ex-Rainbow Tourism Group (RTG) senior executive Paula January are accused of ...Published: 18 Feb 2025 at 20:01hrs | 1330 | by NewsHawks
Mphoko's son moves to block Choppies sale to Raji Modi
Siqokoqela Mphoko, son of the late former Vice President Phelekezela Mphoko, has filed an urgent chamber application seeking to prevent the sale of Choppies Zimbabwe to Bulawayo businessman and Deputy...Published: 16 Feb 2025 at 16:42hrs | 1922 | by Staff reporter
Zimbabwean drivers sort over stolen side tipper trucks in SA
A logistics company in Witbank has announced a R100,000 reward for information leading to the recovery of two stolen side tipper trucks and the arrest of the suspects involved. South African police ar...Published: 09 Feb 2025 at 19:15hrs | 1468 | by Staff reporter
Promising findings from Gwanda mining claims
Canadian mining company Pambili Natural Resources Corporation has revealed promising findings from its London Wall group of gold mines and claims in the Gwanda district of Matabeleland South, Zimbabwe...Published: 07 Feb 2025 at 06:37hrs | 307 | by Staff reporter
Bard Santner growing in leaps and bounds
Fast-growing asset management firm Bard Santner Investors (Private) Limited has been appointed as the new fund manager for three unit trusts: Tetrad Gold Fund, Gross Income Fund, and Net Income Fund, ...Published: 06 Feb 2025 at 14:39hrs | 141 | by Staff reporter
3 men in court for 'swapping' gold with counterfeit button
Three men have been charged with defrauding a gold panner of gold worth US$1,858 by swapping a genuine smelted gold button with a counterfeit one. Aleck Ngoni Pangazira (38), Simbarashe Karimupfumbi (...Published: 06 Feb 2025 at 07:20hrs | 128 | by Staff reporter
Suspended Harare town clerk faces fresh charges
Suspended City of Harare Town Clerk, Hosiah Chisango, is facing fresh corruption charges following concerns raised over his recent acquittal in a high-profile case involving the award of a US$9 millio...Published: 05 Feb 2025 at 11:57hrs | 106 | by Staff reporter
ZACC to press new charges in US$9m tender case
The Zimbabwe Anti-Corruption Commission (ZACC) has announced plans to lay new charges against Harare Town Clerk, Engineer Hosiah Chisango, and several associates after the National Prosecuting Authori...Published: 05 Feb 2025 at 11:41hrs | 40 | by Staff reporter
Redcliff residents betrayed by their local authority's unbridled greed and mismanagement
I recently received some most troubling news from a reliable informant within the Municipality of Redcliff.According to the information, the local authority has allegedly decided to award its ...Published: 31 Jan 2025 at 16:04hrs | 344 | by Tendai Ruben Mbofana
Suspected robber hobnobs with Mnangagwa
Zimbabwe's social media platforms were set ablaze on Tuesday after self-proclaimed inventor and entrepreneur Maxwell Sangulani Chikumbutso, who has a criminal past, was showcased before President Emme...Published: 30 Jan 2025 at 07:03hrs | 1935 | by Staff reporter
Harare woman wins matrimonial house dispute
The High Court has ruled in favor of Letween Kadiya, a Harare woman who was awarded US$32,500 as her rightful share from the proceeds of the sale of the matrimonial house by her estranged husband, Kud...Published: 30 Jan 2025 at 07:02hrs | 662 | by Staff reporter
Chinese nationals face additional charges over Zimbabwe farm shooting incident
The State has pressed additional charges against two Chinese nationals who were arrested for allegedly pointing a gun at their employee and firing three warning shots during a confrontation over unpai...Published: 29 Jan 2025 at 19:37hrs | 653 | by Staff reporter
US Leaders Overseeing Cites: Do your jobs - an Open Letter to President Donald Trump
Dear Mr President, The international agency charged with protecting wildlife on the brink of extinction is known as CITES - the Convention on International Trade in Endangered Species of Wild ...Published: 23 Jan 2025 at 22:45hrs | 291 | by Emmanuel Koro
Harare bigwig's 'property buying spree' probed
A senior Harare City Council official, Matthew Marara, is facing allegations of acquiring multiple properties through corrupt means as scrutiny over his financial dealings intensifies.Marara, ...Published: 20 Jan 2025 at 10:10hrs | 691 | by Staff reporter
'Zimbabwe puhes for mandatory jail terms to curb corruption
The Zimbabwe Anti-Corruption Commission (ZACC) is advocating for mandatory jail sentences for individuals convicted of corruption to deter the crime and overcome challenges in asset recovery.S...Published: 16 Jan 2025 at 07:05hrs | 259 | by Staff reporter
Zimbabwe based Bulgarian up for vehicle theft
The bail hearing for 33-year-old Bulgarian investor Adam Markov, arrested on charges of stealing and smuggling a Jeep Cherokee from South Africa, is set for today.Markov was apprehended by det...Published: 13 Jan 2025 at 07:10hrs | 376 | by Staff reporter
Mutumwa Mawere's health in a dire state
ONE would assume that blood is thicker than water in the labyrinth of familial ties. But for Mutumwa Mawere, this age-old adage has become a cruel mirage, overshadowed by the relentless greed and betr...Published: 12 Jan 2025 at 12:38hrs | 19004 | by Staff reporter
RBZ unveils another 'looting scheme'
The Reserve Bank of Zimbabwe (RBZ) has introduced the Targeted Finance Facility (TFF) with an aim to provide affordable credit to key productive sectors such as agriculture, manufacturing, and mining....Published: 11 Jan 2025 at 08:20hrs | 1169 | by Staff reporter
Crossover nights, annual devotions boost Zim religious tourism
Several indigenous churches have contributed much in boosting Zimbabwe's religious tourism through arrivals and bookings for annual crossover night (year-end shutdown night) and routine ten-day devoti...Published: 02 Jan 2025 at 15:13hrs | 949 | by Gideon Madzikatidze/Simbarashe Sithole
Tongaat Hulett to sell Zimbabwe operations in ZAR5.9 billion deal
South African agriculture and agri-processing giant, Tongaat Hulett Limited (THL), has announced its decision to offload its Zimbabwe operations to the Vision Group, a South African investment consort...Published: 29 Dec 2024 at 08:49hrs | 1085 | by Staff reporter
Zimbabwe ruling elite should declare their sources of wealth
To say I was shocked would be an understatement when I came across a report detailing the extraordinary wealth of Zimbabwe's ruling elite. The report claimed that President Emmerson Mnangagwa ...Published: 24 Dec 2024 at 12:53hrs | 795 | by Tendai Ruben Mbofana
Rwodzi deploys tourism reception lieutenants to improve Zim hospitality
In her quest to continuously brand Zimbabwe as the premier tourism destination, Tourism and Hospitality Industry Minister, Barbara Rwodzi has deployed her deputy (Tongai Mnangagwa) and other executive...Published: 19 Dec 2024 at 17:05hrs | 1463 | by Gideon Madzikatidze/Simbarashe Sithole
NRZ to auction scrap wagons and passenger coaches across Zimbabwe
The National Railways of Zimbabwe (NRZ) has announced plans to dispose of 422 scrap wagons and several decades-old passenger coaches, located in Bulawayo, Harare, and other sites across the country. T...Published: 17 Dec 2024 at 06:33hrs | 1447 | by Staff reporter
CCC MP faces legal setback in challenge against wealth tax
Marondera Central opposition legislator Mr. Caston Matewu has suffered a legal defeat in his attempt to challenge the Government's wealth tax, which was introduced in the 2024 National Budget and has ...Published: 17 Dec 2024 at 06:30hrs | 342 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2152 | by Staff reporter
Victoria Falls auctioneer convicted of fraud over Zimra vehicles
A Victoria Falls auctioneer, his company, and their accountant have been convicted of fraud after illegally selling vehicles belonging to the Zimbabwe Revenue Authority (Zimra). Jeffrey Mubaiwa, the d...Published: 14 Dec 2024 at 10:31hrs | 179 | by Staff reporter
Zanu-PF's Matutu in suspected US$150,000 fraud
Former Zanu-PF youth leader Lewis Matutu appeared before Harare Magistrate Isheanesu Matova on Tuesday, accused of stealing shares from a local mining company, Shusib Investments. Matutu was remanded ...Published: 11 Dec 2024 at 14:10hrs | 1779 | by Staff reporter
Zimbabwe wants 26% free-carry stake in new mining projects
Zimbabwe is planning to hold 26% of new mining projects on a free-carry basis, and will also negotiate with existing operators to acquire a similar stake."We need to move to a level where we r...Published: 11 Dec 2024 at 13:31hrs | 229 | by Staff reporter
NatFoods bemoans limited ZWG acceptability
Zimbabwe's listed food manufacturer, National Foods (NatFoods), has expressed concern over the limited acceptability of the Zimbabwe Gold (ZWG) as a medium for sourcing raw materials, highlighting the...Published: 10 Dec 2024 at 07:09hrs | 723 | by Staff reporter
US, UK sanction Gold Mafia linked dealer
The United States and Britain imposed sanctions on several individuals and businesses linked to global gold smuggling and money laundering networks, with Zimbabwean businessman Kamlesh Pattni at the c...Published: 10 Dec 2024 at 07:08hrs | 966 | by Staff reporter
CBZ blocked from increasing FMHL stake
CBZ Holdings has confirmed that it will not proceed with its planned buyout of minority shareholders in First Mutual Holdings Limited (FMHL), following a decision by the Competition and Tariff Commiss...Published: 10 Dec 2024 at 06:52hrs | 210 | by Staff reporter
4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 781 | by Staff reporter
Woman loses bid to block sale of trust property
A Harare woman, Ms. Tariro Lebogang Mutenda, has lost her legal battle to prevent businessman Mr. Upenyu Mashangwa from selling a Borrowdale Brooke property to settle a debt of over US$1.6 million....Published: 06 Dec 2024 at 06:26hrs | 461 | by Staff reporter
'John Moxon tried to sell Victoria Falls Hotel stake without board approval'
Tensions at Meikles Limited have reached a boiling point, as a group of four directors has accused the company's non-executive chairman, John Moxon, of attempting to sell the group's 50% stake in the ...Published: 04 Dec 2024 at 09:21hrs | 1742 | by Staff reporter
Ecobank reopens Parkade branch after $4 million heist
Ecobank Zimbabwe has reopened its Parkade branch in Bulawayo's Central Business District (CBD) after a two-month closure following a shocking armed robbery. The October 3 heist, described as Zimbabwe'...Published: 04 Dec 2024 at 06:40hrs | 158 | by Staff reporter
ZANU-PF corruption and mismanagement have turned Air Zimbabwe into an international embarrassment
This once-proud national airline, which began its journey in 1980 with a modern fleet inherited from Air Rhodesia, is now a global laughingstock, a shadow of its former self. At independence, ...Published: 02 Dec 2024 at 23:21hrs | 1320 | by Tendai Ruben Mbofana
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 93 | by Staff reporter
SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 195 | by Staff reporter
Zimbabwe govt to approve land transfers under new tenure system
The Zimbabwean Government is in the process of crafting a new land tenure system aimed at enhancing the bankability and ownership rights of agricultural land, while ensuring local control over this vi...Published: 01 Dec 2024 at 12:17hrs | 637 | by Staff reporter
NetOne duped US$133,000 by auction dealer
Jeffery Mubaiwa, the director of JEFFM Auctions, appeared before Harare magistrate Apollonia Marutya on Thursday, facing charges of fraud after allegedly defrauding mobile network operator NetOne Priv...Published: 30 Nov 2024 at 13:03hrs | 75 | by Staff reporter
Private sector efficiency: South Africa's Murray & Roberts enters business rescue
Murray & Roberts (M&R) Limited has entered business rescue due to a severe cash crunch in its South African operations. The company, whose shares have fallen 64% recently, is also look...Published: 24 Nov 2024 at 15:40hrs | 2038 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 253 | by Staff reporter
Construction thrives in Zimbabwe
Zimbabwe's construction sector is on the rebound despite the effects of currency volatility and an uncertain monetary policy framework.Piniel Mkushi, chairman of Cafca - the only cable manufac...Published: 22 Nov 2024 at 17:18hrs | 3191 | by Staff reporter
Former radio 2 DJ appeals for help
Former Zimbabwe Broadcasting Corporation (ZBC) Radio 2 presenter Simon Pashoma Ncube has made a public appeal for financial assistance to prominent businessman and tenderpreneur Wicknell Chivayo. The ...Published: 19 Nov 2024 at 13:41hrs | 774 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 233 | by Staff reporter
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 341 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 584 | by Tendai Ruben Mbofana
Gold glitters as Caledonia's profit after tax jumps 872%
Caledonia Mining Corporation Plc, listed on the Victoria Falls Stock Exchange, has reported a remarkable 872% rise in profit after tax to US$16.45 million for the nine months ending September 30, 2024...Published: 12 Nov 2024 at 10:57hrs | 133 | by Staff reporter
Council in US$2,1m billing system storm
The Harare City Council recently bypassed a locally-developed enterprise resource planning (ERP) system, opting instead to pay US$2.1 million to a foreign vendor, prompting public criticism. The rejec...Published: 11 Nov 2024 at 07:02hrs | 153 | by Staff reporter
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