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Zimbabwe facing foreign currency shortages, not fuel, says Mnangagwa
News Editor Gift Phiri sits down for a wide-ranging interview with President Emmerson Mnangagwa's spokesperson George Charamba about the stuttering economy and what government is doing to address the ...Published: 13 Jan 2019 at 22:28hrs | 789 | by Staff reporter
Zimbabwe lines up 10 diamond auctions
Zimbabwe is looking at conducting 10 diamond auctions this year, as it seeks to generate more revenue from the gems, the country's minerals marketing agency has said. The targeted auctions are...Published: 10 Jan 2019 at 07:38hrs | 374 | by Staff reporter
Business slams Mthuli Ncube's forex committee
BUSINESS leaders say the setting up of a forex allocation committee by government will not solve the prevailing foreign currency crisis.Finance minister Mthuli Ncube last Friday set up a forex...Published: 07 Jan 2019 at 08:39hrs | 1689 | by Staff reporter
Mugabe's ex-minister, wife lose property
Former Lands minister Douglas Mombeshora and his wife Millicent are set to lose household property worth thousands of dollars after failing to pay back an undisclosed amount of money to a local bank....Published: 02 Jan 2019 at 14:28hrs | 4949 | by Staff reporter
Mnagagwa blocks MDC official on Twitter
President Emmerson Mnangagwa has blocked outgoing MDC Youth organising Secretary Shephard Dube (Shephard Ben Abraham) from interacting with him on Twitter.Posting on Facebook Dube said, ...Published: 21 Dec 2018 at 10:35hrs | 4733 | by Mandla Ndlovu
Zupco to lose four buses, car
Four buses belonging to the troubled Zimbabwe United Passengers Company Limited (Zupco) are set to go under the hummer to offset a debt.Apart from the four buses, the public transport operator...Published: 08 Dec 2018 at 14:46hrs | 668 | by Staff reporter
China leads Zimbabwe cities revamp
THE future has arrived, and it looks nothing like what anyone expected. In the midst of a debilitating economic crisis, Zimbabwean urban centres are plagued by pollution, poverty and crumbling infrast...Published: 07 Dec 2018 at 05:58hrs | 915 | by Staff reporter
MPs rip into Mthuli Ncube's budget
Parliamentarians from across the political divide have savaged Finance minister Mthuli Ncube's yet-to-passed 2019 National Budget proposals accusing the Treasury chief of ignoring their recommendation...Published: 05 Dec 2018 at 05:48hrs | 2107 | by Staff reporter
Auctions boom in Zimbabwe as economic woe takes its toll
Auction companies are booming in Zimbabwe as companies and individuals – including Tongaat Hulett CEO Sydney Mutsambiwa and Mzi Khumalo's Metallon Corporation – default on loan payments or other f...Published: 03 Dec 2018 at 08:28hrs | 1279 | by Staff repirter
Zifa, Steward bank under probe
POLICE are investigating how $200 000 was illegally moved from a Zifa Steward Bank account at a time funds had been attached by the Sheriff of the High Court on behalf of the association's creditors....Published: 02 Dec 2018 at 10:24hrs | 554 | by Staff reporter
Access to information, media freedom in the digital age
THE right to information and media freedom are critical components of freedom of expression. Freedom of expression, as defined by Article 19 of the Universal Declaration of Human Rights, is the "right...Published: 27 Nov 2018 at 06:11hrs | 134 | by Patience Zirima
Mthuli Ncube's budget: The good, bad and ugly
In September, while meeting fund managers in New York, Finance minister Mthuli Ncube said what the economy needed was a "big bang", a shock to the system. A week later, he brought that big bang; on th...Published: 26 Nov 2018 at 06:08hrs | 1745 | by NewZWire
Parliament grills GMB top brass
The Grain Marketing Board (GMB) management was grilled by Parliament yesterday for failing to follow correct procedures when disposing of property and under-grade grain. The parastatal's manag...Published: 24 Nov 2018 at 07:43hrs | 309 | by Staff reporter
Zimbabwean banker loses SA home over $4.5 million debt
FORMER Trust Bank director Christopher Goromonzi lost his plush Johannesburg home after it was auctioned to offset a reported $4,5 million debt he owes a South African bank, it has been learnt....Published: 23 Nov 2018 at 05:48hrs | 2655 | by Staff reporter
Eddie Cross gives economy thumbs up, scoffs at doomsayers
The country's economy is on a sound footing due to Government policy initiatives that have seen growth in the GDP and exports among other indicators, former MDC-T policy advisor Mr Eddie Cross has sai...Published: 19 Nov 2018 at 05:52hrs | 1972 | by Staff reporter
Currency options for crisis-ridden Zimbabwe
Zimbabwe needs to introduce a hybrid foreign currency management system or create a long maturity US$ Brady type bond to preserve savings amid the currency chaos, renowned economist Ashok Chakravarti ...Published: 18 Nov 2018 at 07:45hrs | 1110 | by Staff reporter
Kukura Kurerwa empire crumbles
Former transport powerhouse Kukura Kurerwa is set to lose its fleet of buses and haulage trucks at a liquidation auction sale scheduled for next week. The auction will be conducted on November 23 at H...Published: 17 Nov 2018 at 06:33hrs | 1298 | by Staff reporter
Kukura Kurerwa vehicles auctioned
Prominent public transport operator, Kukura Kurerwa Bus Company will have some of its vehicles auctioned at a liquidation auction sale, Bulawayo24 has learnt. The auction will be conducted on ...Published: 15 Nov 2018 at 09:56hrs | 6136 | by Mandla Ndlovu
The Miraculous Story of Tayambutswa
HARARE mayor Herbert Gomba on Tuesday evening said five-year-old Tayambutswa Mufudza, who miraculously survived a fall from the sixth floor of Trafalgar Court in Harare three years ago, will be among ...Published: 15 Nov 2018 at 05:54hrs | 1718 | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 3576 | by newZwire with The Source
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 | 2753 | by Staff reporter
Prophet Makandiwa eyes Shamva Gold Mine
A CONSORTIUM believed to be fronting for United Family International Church (UFIC) leader Emmanuel Makandiwa is bidding to take over the distressed Shamva Gold Mine in Mashonaland Central province....Published: 07 Nov 2018 at 06:19hrs | 1898 | by Staff reporter
More trouble for Tsvangirai 'widow'
IT never rains but pours for Aqcuilinia Kayidza Pamberi, the woman who made headlines in 2011 for being involved in an alleged sexual relationship with the late MDC leader Morgan Tsvangirai.Ba...Published: 02 Nov 2018 at 06:19hrs | 4695 | by Staff reporter
MPs roast Mthuli Ncube over cars
FINANCE minister Mthuli Ncube was yesterday cornered by legislators who demanded that government immediately buys them vehicles which they are entitled to.Hurungwe East MP Ngoni Masenda (Zanu ...Published: 01 Nov 2018 at 05:48hrs | 2976 | by Staff reporter
How do small business loans work?
Owners of small businesses often need financial help to turn their dreams into reality. It could be to expand or that they need to buy extra equipment or more stock, or they would like to fund a marke...Published: 30 Oct 2018 at 16:06hrs | 1287 | by Staff Reporter
Gudyanga had shares in ZCDC, Parly told
FORMER Mines ministry secretary Francis Gudyanga and another unnamed individual used to own shares in the government-controlled Zimbabwe Consolidated Diamond Company (ZCDC), Parliament heard yesterday...Published: 24 Oct 2018 at 06:51hrs | 828 | by Staff reporter
Cars abandoned at garages
Zimbabwe's faltering economy is taking its toll on motorists who are abandoning their cars in garages for long periods due to lack of funds.Recently, Duly Trucks Motors released a statement no...Published: 15 Oct 2018 at 12:27hrs | 1606 | by Staff reporter
Privatisation deadline for parastatals
Government has given under-performing State-owned enterprises (SOEs) and parastatals it has earmarked for disposal - among them NetOne, TelOne and People's Own Savings Bank (POSB) - between six and ni...Published: 09 Oct 2018 at 06:40hrs | 470 | by Staff reporter
Yes, I bought a €4m Bugatti - Buyanga
Gift Phiri of the Daily News sits down for a wide-ranging interview with 39-year-old businessman Frank Buyanga. Find below excerpts of the interview.Q: I understand you commenced your entrepre...Published: 07 Oct 2018 at 19:36hrs | 6671 | by Staff reporter
Mthuli Ncube's monetary measures could stabilise currency, but drive inflation
THE monetary policy measures announced earlier this week could help strengthen currency and bring down parallel market rates as officially hoped. But they could also further undermine price stability ...Published: 05 Oct 2018 at 06:42hrs | 2234 | by Staff writer
Mthuli Ncube to issue infrastructure bonds
GOVERNMENT plans to scale down on Treasury Bill (TB) issuance to make way for longer-term debt instruments and issue infrastructure bonds in this quarter, Finance minister Mthuli Ncube revealed on Mon...Published: 03 Oct 2018 at 07:31hrs | 2425 | by Staff reporter
Govt to increase number of teachers' training colleges - Murwira
THE MINISTER of Higher and Tertiary Education Science and Technological Development Amon Murwira has said the government will increase the number of teachers training colleges in the country so as to ...Published: 03 Oct 2018 at 07:29hrs | 459 | by Stephen Jakes
Zimbabwe unveils online diamond sales system
In a bid to promote transparency and the ease of doing business, diamond auctions will now be done through an online system and superintended upon by a software, Mines and Mining Development Minister ...Published: 03 Oct 2018 at 07:13hrs | 419 | by Staff reporter
Monetary Policy and Fiscal measures a toxic concoction
Two grown men teamed up to accelerate and exacerbate the already unpalatable suffering of the Zimbabwean people. Zimbabweans who have lost all but hope tuned into different media platforms expecting r...Published: 02 Oct 2018 at 16:45hrs | 2655 | by Jacob Mafume MDC National Spokesperson
'Mthuli Ncube has de-dollarised the economy'
THE ZIMBABWE National Chamber of Commerce (ZNCC) says by introducing a separate account for foreign currency through the monetary policy statement yesterday, the central bank has finally de-dollarised...Published: 02 Oct 2018 at 09:43hrs | 1484 | by Staff reporter
RBZ announces FCA return, more monetary reforms
The Reserve Bank of Zimbabwe (RBZ) has reintroduced foreign currency accounts (FCA) in a move expected to renew Zimbabweans' interest in depositing hard cash in the banks, deal with the illegal foreig...Published: 01 Oct 2018 at 21:35hrs | 1938 | by Staff reporter
RBZ boss faces reality check
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya today finds himself literally skirting on thin ice as he presents his first post-election monetary policy statement with all sectors of the econom...Published: 01 Oct 2018 at 06:52hrs | 1512 | by Staff reporter
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 | 1798 | by Staff reporter
Exchange rate of US Dollar passes 100%
MDC Alliance official Discent Collins Bajila has claimed that the rate of exchange of US$ to Bank transfer in Zimbabwe has reached +100%.He said this means that if one have US$100 hard cash an...Published: 21 Sep 2018 at 07:06hrs | 6881 | by Stephen Jakes
Zimbabwe resumes diamond sales
ZIMBABWE has resumed diamond sales and hopes to build a sustainable market following the merger of diamond companies which operated in Chiadzwa under a State-owned company called Zimbabwe Consolidated...Published: 20 Sep 2018 at 07:01hrs | 548 | by Staff reporter
Chamisa's Bulawayo deputy Mayor a convicted thief
NEWLY-elected Bulawayo Deputy Mayor Tinashe Kambarami is a convicted thief who was fined by a court for stealing an electrical extension cord, it has emerged. According to court records, Kamba...Published: 13 Sep 2018 at 06:22hrs | 856 | by Staff reporter
Zimbabwe resumes diamond auction
Zimbabwe resumed diamond auction last week, but attracted fewer international buyers than expected, the Minerals and Marketing Corporation of Zimbabwe said. The auction - the third to be condu...Published: 10 Sep 2018 at 06:29hrs | 546 | by Staff reporter
New-elected Bulawayo councillor sinks in debt
BULAWAYO's newly-elected ward three councillor, Tinashe Kambarami (MDC Alliance) has been taken to court over an $11 000 debt owed to the National Railways of Zimbabwe Contributory Fund (NRZCPF)....Published: 04 Sep 2018 at 06:48hrs | 876 | by Staff reporter
Chiwenga's father-in law sues Dembare for $247 000
Former Dynamos president, Keni Mubaiwa's firm, KM Auctions (Pvt) Ltd, has petitioned the High Court seeking an order to compel Dynamos Football Club (Pvt) Ltd to pay him $247 503 plus costs of suit af...Published: 04 Sep 2018 at 06:39hrs | 488 | by Staff reporter
Bulawayo man takes Sedco to court
A Bulawayo resident, Mandlenkosi Ndlovu, has filed a chamber application for leave to file a Constitutional Court application, challenging the constitutionality of the Small Enterprises Development Co...Published: 02 Sep 2018 at 09:28hrs | 289 | by Staff reporter
Mugabe's property attached over debt
Former Zimbabwe National Road Administration (Zinara) boss Albert Mugabe has petitioned the court, seeking an order for stay of execution after his property was attached by the Sheriff of the High Cou...Published: 30 Aug 2018 at 06:22hrs | 914 | by Staff reporter
Newly elected MDC Alliance councillor faces civil imprisonment
NEWLY elected MDC Alliance councillor for Ward Three and aspiring Bulawayo deputy mayor Mr Tinashe Kambarami has been issued with summons for civil imprisonment over a debt of nearly $40 000 in unpaid...Published: 28 Aug 2018 at 08:54hrs | 2394 | by Staff Reporter
Zimbabwean breaks SA wine auction record
A ZIMBABWEAN winemaker, Joseph Dhafana, has broken the wine auction record in South Africa after he auctioned a box of six Mosi Wines for R16 000.The wines that were made by him were auctioned...Published: 18 Aug 2018 at 07:57hrs | 331 | by Staff reporter
Ex-Zanu-PF official to lose house
Former Zanu-PF member Noah Mangondo is set to lose a house after failing to pay money owed to Agribank.According to a notice published by Choruma Marias Valuation and Estates Executives (Priva...Published: 16 Aug 2018 at 14:08hrs | 1941 | by Staff reporter
Zimra conducts Customs Rummage Sale
Zimbabwe Revenue Authority (Zimra) is set to auction confiscated goods and those seized for flouting various customs regulations next week.This comes after the Authority's Commissioner-General...Published: 07 Aug 2018 at 13:22hrs | 1444 | by Staff reporter
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