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132% inflation no cause for 'panic', says Mthuli Ncube
Zimbabwe is taking steps to tackle an inflation rate that's jumped to 132% after its currency slumped, Finance Minister Mthuli Ncube said."We are instituting measures that every other country ...Published: 27 May 2022 at 06:53hrs | 2581 | by Staff reporter
Justice Wadyajena: A liability to the vision of the new dispensation
President' Emmerson Mnangagwa and the new dispensation are working tirelessly to build Zimbabwe brick by brick. It is surprising that Midlands politician who claims to be very close to President E...Published: 26 May 2022 at 11:29hrs | 4992 | by Lameck Rangwani
WATCH: Justice Wadyajena political career comes to an end
Flamboyant Gokwe Member of Parliament Justice Mayor Wadyajena’s political career is facing its end as Gokwe ZANU PF members have declared that the end has come for youthful MP.Information re...Published: 25 May 2022 at 10:18hrs | 6909 | by Mandla Ndlovu
Borrowdale Brooke management pursuing sinister agenda, says Wadyajena
Gokwe-Nembudziya Member of Parliament Justice Mayor Wadyajena has accused the management of posh Borrowdale Brooke area of pursuing a sinister agenda against him including trying to pin false claims o...Published: 24 May 2022 at 07:29hrs | 968 | by Staff reporter
'Most Zimbabwe productions are junk,' says Radio Zimbabwe station manager
GOVERNMENT came up with a deliberate policy to support indigenous content in the early, to mid 2000s; a 75% local content policy on both radio and television productions.The same policy howeve...Published: 24 May 2022 at 07:27hrs | 1350 | by Staff reporter
Murder, racism claims rock Borrowdale Brooke
GLIDING though the smooth roads lined with a fusion of indigenous and exotic trees marching virtually without interlude but for the occasional glamorous, plush homes, any first timer to this exquisite...Published: 24 May 2022 at 07:26hrs | 1469 | by Staff reporter
Wadyejena takes on Borrowdale Brook management over systematic abuse
GLOVES are off between Gokwe Nembudziya legislator Justice Mayor Wadyejena and Brooke Estate Management with the firebrand legislator claiming systematic abuse and harassment by the latter in a bid to...Published: 24 May 2022 at 07:24hrs | 452 | by Staff reporter
Harare men nailed for robbery and kidnapping
TWO Harare men appeared before Harare magistrate Yeukai Dzuda facing robbery and kidnaping charges.Feelmore Ngwarungwaru (36) and Valentine Teerahumba (26) were refused bail, and they were bot...Published: 24 May 2022 at 07:21hrs | 419 | by Staff reporter
Blame game between govt, banks reaches tipping point
A NIGHT of long knives beckons for banks after Finance minister Mthuli Ncube accused them of driving the parallel market rate up, causing the sharp tumbling of the local currency.President Emm...Published: 23 May 2022 at 06:42hrs | 1315 | by Staff reporter
The burdened party politician
As the 2023 elections draw closer, jockeying and jostling for political party candidature will soon become the order of the day. The process itself is far from clean.It involves pleasing the e...Published: 23 May 2022 at 06:40hrs | 209 | by Tapiwa Gomo
NRZ assets revalued to US$3 billion
NATIONAL Railways of Zimbabwe (NRZ)'s assets have been revalued at over US$3 billion, meaning the parastatal is not insolvent as previously alleged, a senior official said.Previously, the Stat...Published: 23 May 2022 at 06:35hrs | 100 | by Staff reporter
Who is Sabotaging Our President?
As activists and people of Zimbabwe, we are disheartened to learn that there are persons who are sabotaging economic policies that are being made by the government causing massive suffering to us the ...Published: 22 May 2022 at 13:35hrs | 1392 | by Lynnete T Mudehwe
'Zimbabwe Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 22 May 2022 at 08:26hrs | 183 | by Staff reporter
Government salary deductions rile civil servants
CIVIL servants are up in arms with their employer over 2.5% deductions from their salaries every month towards a loan scheme allegedly meant to benefit them.Attempts to opt out of the "forced"...Published: 21 May 2022 at 18:30hrs | 594 | by Staff reporter
Borrowdale Brooke security bars Wadyajena workers
SECURITY at Borrowdale Brooke has blocked Gokwe-Nembudziya MP Justice Mayor Wadyajena's construction workers from entering the estate.This came a day after the High Court granted the Zanu-PF l...Published: 20 May 2022 at 06:32hrs | 2740 | by Staff reporter
Chiwenga estranged wife's assault case postponed
THE trial of Marry Mubaiwa on charges of assaulting her family maid was yesterday postponed to next month, this time because the magistrate presiding over the matter is on leave. Mubaiwa's tri...Published: 20 May 2022 at 06:27hrs | 162 | by Staff reporter
Wadyajena defeats Munyeza, regains access to Borrowdale Brooke
Gokwe-Nembudziya MP Justice Mayor Wadyajena (Zanu-PF) has won a case against the Borrowdale Brooke Homeowners Association (BBHOA) that was accusing him of violating rules governing the residence....Published: 19 May 2022 at 06:37hrs | 847 | by Staff reporter
RBZ to launch collateral registry
THE Reserve Bank of Zimbabwe (RBZ) says the collateral registry, a record keeping system for the existence of security, would be launched by the third quarter of this year. The collateral regi...Published: 19 May 2022 at 06:31hrs | 99 | by Staff reporter
Mnangagwa's govt parcelling out ZPRA properties
FORMER ZPRA cadres who contributed their demobilisation payouts and managed to purchase various properties across the country are set to lose some of the properties after it emerged some of the assets...Published: 17 May 2022 at 06:39hrs | 2512 | by Staff reporter
US$250 000 debt chokes Zanu-PF bigwig
FORMER State Security minister and Zanu-PF bigwig Sydney Sekeramayi has been dragged to court over a US$250 000 debt he owes a friend.Sekeramayi, who is also a Mashonaland East senator, was su...Published: 17 May 2022 at 06:36hrs | 1343 | by Staff reporter
Sekeramayi falls on hard times, fails to repay US$250,000 debt
ZANU PF politburo member, Sydney Sekeramayi has fallen on hard times and is failing to repay a US$250 000 debt to a friend.This has emerged after the friend, Exevia Maoneke, dragged him to cou...Published: 16 May 2022 at 20:52hrs | 1778 | by Staff reporter
Mr President, how far diaspora vote?
NOW that Zimbabwe is fast approaching the 2023 elections, it is time we ask tough questions about the diaspora vote.Modalities to allow Zimbabweans in the diaspora to vote should be at an adva...Published: 16 May 2022 at 06:25hrs | 346 | by Chief Chiduku
Mnangagwa's govt under attack over banks lending ban
LEGISLATORS have called on government to respect the Constitution and stop behaving hike a monarchy where leaders rule by decree. This follows the recent government directive on banks to stop lending ...Published: 16 May 2022 at 06:23hrs | 520 | by Staff reporter
RBZ to name firms taking bank loans to black market
THE Reserve Bank of Zimbabwe (RBZ) has unearthed an elaborate practice by some big corporates in the country, who were borrowing large amounts of money from banks which they would then channel into th...Published: 15 May 2022 at 06:12hrs | 907 | by Staff reporter
'The Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 15 May 2022 at 06:12hrs | 305 | by Staff reporter
Zimbabwe loans suspension review this week
The Reserve Bank of Zimbabwe (RBZ) will this week review the suspension of bank lending that was recently announced, as it moves to investigate contractors on allegations they have been fuelling the p...Published: 15 May 2022 at 06:11hrs | 394 | by Staff reporter
Wadyejena threatens to sue Borrowdale Brooke Homeowners Association
GOKWE Nembudziya legislator Justice Mayor Wadyejena has threatened to drag the Borrowdale Brooke Homeowners Association (BBHOA) to court for illegally deactivating his vehicle tags and relegating him ...Published: 14 May 2022 at 19:41hrs | 495 | by Staff reporter
Banks: If gold rusts, what will iron do?
Native Commissioner Oates, I presume!LORD Jonathan Oates' ambition is becoming a latter-day colonial Native Commissioner.Too late chum, both by age and history! Still both don't deter ...Published: 14 May 2022 at 06:22hrs | 887 | by @Jamwanda2 on Saturday
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 392 | by Staff reporter
Zesa on brink of collapse
ZIMBABWE risks sinking into a deeper power crisis amid reports that the country's power utility Zesa is on the brink of collapse due to an unsustainable tariff regime, NewsDay has learnt.The p...Published: 13 May 2022 at 19:06hrs | 318 | by Staff reporter
High Court says 'Billboard' saga to go for trial
The High Court of Harare has dismissed an application for review by two businessmen who erected an illegal billboard in Borrowdale tarnishing the image of a development company.Gra...Published: 13 May 2022 at 19:05hrs | 98 | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 110 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 1175 | by Staff Reporter
RBZ threatens to 'name, shame' borrowers
THE Reserve Bank of Zimbabwe (RBZ), in a bid to stem the spiralling parallel market rates for the United States (US) dollar, has threatened to name and shame individuals who have borrowed large sums o...Published: 12 May 2022 at 06:30hrs | 516 | by Staff reporter
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 375 | by Staff reporter
Wadyajena, Munyeza lock horns
Residents of Borrowdale Brooke are not happy with the conduct of Gokwe-Nembudziya MP, Justice Mayor Wadyajena (Zanu-PF) after he allegedly spent more than three hours making noise with his sports car ...Published: 11 May 2022 at 19:11hrs | 1603 | by Staff reporter
Chamisa's CCC slams Mnangagwa
The Citizens Coalition for Change (CCC) on Wednesday vowed a robust challenge to controversial measures to shore up the fast-depreciating Zimbabwe dollar, announced by President Emmerson Mnangagwa las...Published: 11 May 2022 at 19:10hrs | 550 | by Staff reporter
Zimbabwe's central bank clarifies lending directive
The central bank says the suspension of lending by banks to government and private institutions announced by President Emmerson Mnangagwa at the weekend will include micro-financial institutions....Published: 11 May 2022 at 09:13hrs | 992 | by Staff reporter
Zimbabwe to miss 2022 GDP forecast
ZIMBABWE will most likely miss its 5,5% gross domestic product (GDP) forecast due to prolonged hyper-inflationary conditions as the country's local currency continues to tumble against the United Stat...Published: 11 May 2022 at 09:12hrs | 98 | by Staff reporter
RBZ extends loan ban to individuals, corporates
THE Reserve Bank of Zimbabwe (RBZ) has extended the suspension of lending of both local and foreign currency units by an array of financial institutions to also cover corporates and individuals....Published: 11 May 2022 at 09:10hrs | 686 | by Staff reporter
Biti regurgitates application
CCC official Tendai Biti, who is facing charges of manhandling Russian investor Ms Tatiana Aleshina outside Harare Magistrates Court, is yet again seeking the recusal of Harare magistrate Mrs Vongai G...Published: 10 May 2022 at 07:40hrs | 226 | by Fungi Kwaramba
'Mnangagwa's Zimdollar measures show desperation'
THE latest measures by President Emmerson Mnangagwa to halt the sliding Zimdollar are an act of desperation and are not likely to work, analysts have said.Mnangagwa's measures include br...Published: 09 May 2022 at 07:09hrs | 1605 | by Staff reporter
Two die in stampede at Castle Tankard
TWO people died on Saturday night in a stampede at the Borrowdale Race Course in Harare during the Castle Tankard musical show.The pair, Thomas Maarira (44) and Emilia Makoga (43), both of Hat...Published: 09 May 2022 at 07:03hrs | 221 | by Staff reporter
Zimbabwe airport security screener 'stole US$2 million'
It was the perfect crime. Almost.Roselyn Dunga, a 31-year-old woman working as a security screener at the Robert Gabriel Mugabe International Airport was close to the end of her shift sometime...Published: 07 May 2022 at 19:54hrs | 2407 | by Staff reporter
Doctor testifies in Marry Mubaiwa assault case
MAXILLO and oral-facial surgeon Dr Wayne Manana yesterday told a Harare court that the woman who was allegedly assaulted by Marry Mubaiwa incurred a slight movement on her tooth because of the trauma ...Published: 06 May 2022 at 06:54hrs | 1062 | by Staff reporter
Mnangagwa's anti-corruption crusade fizzles out deplorably
HIGH-PROFILE corruption cases from as far back as 2017 are yet to be finalised, almost five years after President Emmerson Mnangagwa promised to decisively tackle graft.The development also de...Published: 03 May 2022 at 16:08hrs | 1064 | by Staff reporter
Mnangagwa to copy Putin's currency strategy
Zimbabwe's President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa's worst performing currency. Mnangagwa's administration may announ...Published: 03 May 2022 at 06:43hrs | 2930 | by Staff reporter
Chiwenga pleads with business
VICE-President Constantino Chiwenga yesterday pleaded with the business community to practise "ethical business ethos" and desist from unjustified price hikes.Officially opening the internatio...Published: 28 Apr 2022 at 09:04hrs | 970 | by Staff reporter
Chiwenga slams price madness
VICE President Dr Constantino Chiwenga has said the resurgent price madness being experienced in the market is unjustified given the prevailing stable economic fundamentals and the supportive fiscal a...Published: 28 Apr 2022 at 08:56hrs | 367 | by Staff reporter
Bard Santner Markets to tap diaspora investment capital
BARD Santner Markets Inc, a new Harare-based international banking and finance advisory firm, has come up with a plan to tap into diaspora investment capital seeking new opportunities in pro...Published: 27 Apr 2022 at 18:46hrs | 502 | by Staff Reporter
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