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Dr. Arikana Chihombori: the unsung heroine of Africa
She will never get recognition in Zimbabwe. Zimbabwean women have no vocabulary to appraise Dr. Chohombori breaking the glass-ceiling. The inner jealousy and the inherent envy among us women are so ev...Published: 07 Nov 2024 at 12:52hrs | 399 | by Nomazulu Thata
South Africa's cash-in-transit workers threaten to go on strike
A strike in the cash-in-transit (CIT) sector could see South Africa's automated teller machines running dry.That's the prospect if the Commission for Conciliation, Mediation and Arbitration gr...Published: 20 May 2024 at 08:38hrs | 2 | by Staff reporter
FML bosses fleece policyholders
FIRST Mutual Life Assurance (FML) managers set up an employee mortgage scheme and an employee staff loan scheme without the knowledge of the board, resulting in policyholders being prejudiced of more ...Published: 21 Mar 2024 at 19:45hrs | 2 | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 13 | by Staff reporter
Fatherhood Chronicles: Crafting a legacy of purpose and prosperity
Dear Dads, as we gather on this Sunday to reflect on the essence of fatherhood, let's delve deeper into the invaluable insights from The Fatherhood. Because, indeed, "There's no Hood like The Fatherho...Published: 28 Jan 2024 at 09:52hrs | 20 | by Prof. John Carter
PPC grim warning for Zimbabwe operations
SOUTH Africa's biggest cement producer PPC, which has operations in Zimbabwe, has warned that its headline loss per share from continuing operations will widen to between 7,75c (Rands) and 8,25c to en...Published: 19 Jun 2023 at 06:44hrs | | by Staff reporter
Gwayi-Shangani project yet to reach the second and third phases
LAWMAKERS have taken Treasury to task over delays in updating Parliament on the progress of the Gwayi-Shangani water project after it emerged that there has been little construction activity despite t...Published: 21 Mar 2023 at 20:09hrs | | by Staff reporter
Rushwaya demands lithium ban lifting
CONTROVERSIAL mineral dealer Henrietta Rushwaya wants President Mnangagwa to remove the ban on lithium ore exports, saying a stockpile of 2 million tonnes has built up since December.Rushwaya ...Published: 20 Mar 2023 at 15:06hrs | 10 | by Staff reporter
Sugar shortage hits Zimbabwe
SOME parts of the country such as the capital, Harare, are experiencing shortages of sugar supplies at retail shops with the informal sector struggling to restock.A snap survey yesterday confirmed...Published: 20 Dec 2022 at 20:43hrs | | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 1 | by Staff reporter
Mthuli Ncube grilled over health budget
FINANCE minister Mthuli Ncube was last Thursday grilled by Members of Parliament for failing to disburse budgetary funds to critical ministries such as health, which are struggling to fund their activ...Published: 21 Jun 2022 at 06:43hrs | | by Staff reporter
Zimbabwean commuters bear brunt of police, motorists' war
ARMED with batons, police officers disembark from a tinted vehicle running at full speed to block a honking pirate taxi in the heart of the city in a dramatic and dangerous move.The targeted v...Published: 09 May 2022 at 07:05hrs | | by Staff reporter
Zimbabwe Anti-Corruption Commission fails to account for millions in state funds
IN a dramatic irony, Auditor-General Mildred Chiri says the Zimbabwe Anti-Corruption Commission (Zacc) has failed to properly account for millions of United States dollars which could have been misapp...Published: 09 Apr 2022 at 08:40hrs | 9 | by Staff reporter
Govt courts banks for $2,1bn bailout
ZIMBABWE'S cash-strapped government has turned to banks for a $2,1 billion bailout to bankroll public expenditure programmes and bolster its weak cashflows.Under the programme, government will...Published: 24 Mar 2022 at 05:22hrs | 1 | by Staff reporter
RBZ issues ZW$2,1bn Treasury Bill
THE Reserve Bank of Zimbabwe (RBZ) yesterday issued a ZW$2,1 billion Treasury Bill seeking to raise funding from the market to support development programmes and public cashflow management.Tre...Published: 24 Mar 2022 at 05:20hrs | | by Staff reporter
Zinara disburses $10bn for roads rehab
THE Zimbabwe National Road Administration (Zinara) last year disbursed $10 billion to local authorities for road rehabilitation.Zinara acting chief executive Adam Zvandasara told NewsDay that ...Published: 19 Jan 2022 at 05:22hrs | | by Staff reporter
VAYA delays commission payments
VAYA Mobility, the taxi and shuttle service provider, is struggling to pay contractors their December commission due to cashflow problems. The company issued a statement on Sunday to contracto...Published: 18 Jan 2022 at 05:30hrs | | by Staff reporter
Pair faces 40 fraud counts involving $500m
TWO Cashflow Finance Services Company officials yesterday appeared before a Harare magistrate facing 40 counts of fraud involving $500 million.Maxwell Takawane (27) and Maxwell Mhondiwa (24) a...Published: 17 Jan 2022 at 06:33hrs | | by Staff reporter
Headwinds stalk Zimbabwe insurers
FINANCE and Economic Development minister Mthuli Ncube has warned that Zimbabwe's insurance sector faces one of its toughest times, with geopolitical tensions and disruptions to business models under ...Published: 09 Nov 2021 at 05:36hrs | 6 | by Staff reporter
Why are Zimbabwean companies failing to pay taxes?
A ZIMBABWE Revenue Authority (Zimra) annual report for 2020 released last week confirmed the heavy burden that the country's industries are battling to contain — outstanding taxes are mounting, and ...Published: 20 Sep 2021 at 07:13hrs | | by Staff reporter
VFEX moves to fund tobacco
ZIMBABWE'S bourses have moved to help the tobacco farming sector raise foreign currency for their operations, in a development seen as a solution to the industry's a long-running capital crisis....Published: 16 Sep 2021 at 06:03hrs | 6 | by Staff reporter
Challenges facing Zimbabwe's foreign exchange auction
IT is clear that the auction for foreign exchange is in trouble. The arrears now stand at over US$200 million. That is equivalent to nearly Z$18 billion and the delays are having a serious impact on c...Published: 27 Jul 2021 at 07:16hrs | 6 | by Eddie Cross
BCC, residents clash over water bills
BULAWAYO City Council (BCC) is on a collision course with ratepayers amid revelations that it is sending estimated water bills as it does not have manpower to conduct physical meter readings.T...Published: 19 Jul 2021 at 06:46hrs | | by Staff reporter
Inconsistent funding hampering Gwayi-Shangani dam completion
Inconsistent funding of the Gwayi-Shangani dam in Matabeleland North is hampering its completion, a ZINWA official has said.The project which was awarded to China International Water and Elect...Published: 08 Jul 2021 at 19:16hrs | 1 | by Staff reporter
Lockdown internet demand boosts TelOne
STATE-OWNED telecoms operator TelOne last year realised inflation-adjusted revenue growth of 147% to ZW$4.7 billion compared to the corresponding period in 2019 due to an upsurge in the demand for bro...Published: 03 Jul 2021 at 21:31hrs | | by Staff reporter
How whistle-blowers are gaming the Zimra system
WHILE the gazetting of a statutory instrument on whistle-blowers who help sniff out tax evaders was seen as a useful move in promoting accountability, recent events and investigations have shown that ...Published: 19 Jun 2021 at 15:06hrs | | by Staff reporter
Legislators raise forex alarm
MPs have raised alarm over delays in foreign currency payments to companies under the Reserve Bank of Zimbabwe auction facility saying it was taking up to two months for them to get their dues....Published: 11 Jun 2021 at 07:31hrs | | by Staff reporter
Foreign capital will never build Zimbabwe
LOVE it or hate it, the success of the Command Agriculture programme should force local banks to revise the long-held view of tying loans to collateral.If they identify bona fide indigenous pe...Published: 04 Apr 2021 at 22:36hrs | | by Terence Mukupe
Where is Dr. Masimba Mavaza? A story worthy-Amai Merry Chiwenga is left in the mud and mire
This is exactly what we mean when we say tribalism is giving a bad smell at every corner of Zimbabwe. Tribalism is raw and present, not even possible to conceal it because it appears to be the lifelin...Published: 15 Mar 2021 at 07:31hrs | 2 | by Nomazulu Thata
RBZ issues $400 million Treasury Bills
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $400 million through the issuance of 270-day Treasury Bills to fund Government programmes and cashflow management. The Central Bank float...Published: 10 Mar 2021 at 05:50hrs | | by Staff reporter
Stanchart in eye of storm over Mthuli Ncube tax
Standard Chartered Bank Zimbabwe has been criticised for its plans to unilaterally recover from customers uncollected transaction taxes, dating back two years, in just three months. For unknow...Published: 17 Dec 2020 at 06:52hrs | 1 | by Staff reporter
BCC disconnects govt departments
BULAWAYO City Council (BCC) is disconnecting water supplies to government departments over outstanding bills running into several millions of dollars.Recently, the local authority switched off...Published: 04 Dec 2020 at 06:48hrs | | by Staff reporter
'Zesa lost $4,5bn revenue during Covid-19 lockdown'
NATIONAL power utility, Zesa, reportedly lost close to $4,5 billion by charging uneconomic rates during the lockdown period, hence the recent decision to hike the tariffs by 150%.Energy minist...Published: 09 Nov 2020 at 08:57hrs | | by Staff Reporter
Dealers appeal for removal of VAT on rice
Players in the rice supply chain have appealed to Government to reconsider a 14,5 percent Value Added Tax (VAT) charge on the commodity. A Government VAT payment request in retrospect, for a p...Published: 21 Oct 2020 at 21:43hrs | | by Staff reporter
Demand for cement continues to soar, says PPC
REGIONAL cement maker Pretoria Portland Cement (PPC) says demand for cement in Zimbabwe, where it has a unit, is very strong despite the COVID-19 pandemic and its suspension from trading on the local ...Published: 31 Aug 2020 at 06:39hrs | | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 4 | by Staff reporter
Zesa on brink of collapse
ZIMBABWE'S state-owned power utility Zesa Holdings (Zesa) is on the brink of collapse due to a plethora of problems.It is beset by multiple crippling factors, including rampant power theft, no...Published: 30 Aug 2019 at 20:24hrs | | by Staff reporter
Bulawayo City owed $189 million
Bulawayo City Council, as of end of April 2019, was owed over ZWL$189 million by ratepayers, including government departments and the private sector, a situation that has impacted negatively on servic...Published: 05 Jul 2019 at 08:22hrs | | by Staff reporter
'US$100m required to replace stolen Zesa transformers'
ZIMBABWE requires more than US$100 million to replace around 2 000 transformers that were vandalised in recent years, Parliament heard last week.This come at a time when the country is grappli...Published: 03 Jun 2019 at 07:37hrs | | by Staff reporter
Fuel shortages to ease by month-end: Mangudya
RESERVE Bank of Zimbabwe governor John Mangudya yesterday said the current fuel shortages will ease by end of the month, attributing the problem to delays in the processing of lines of credit (LCs) an...Published: 08 Mar 2019 at 07:01hrs | 1 | by Staff reporter
Gweru salary headache woes continue
GWERU City Council has, for the third time running, failed to pay its workers on time, citing cashflow problems as the local authority struggles to improve its monthly revenue collections, a senior co...Published: 10 Oct 2018 at 06:43hrs | | by Staff reporter
Hopewell Chin'ono at it again: Should apologize to the women of Zimbabwe
After technically plagiarizing the 'Rich Dad's Cashflow Quadrant', Hopewell Chin'ono is at it again. He abused and underrated all women of Zimbabwe some few days ago when one media published his piece...Published: 18 Sep 2018 at 07:47hrs | | by Don Chigumba
Gweru faces salary headache
GWERU City Council has, for the second time running, failed to pay its workers on time, citing revenue problems as the local authority struggles to improve its monthly collections, a senior council of...Published: 07 Sep 2018 at 07:16hrs | | by Staff reporter
'Review of taxes, utility costs'
THE change in the indigenisation laws and the ongoing ease of doing business reforms should be complemented with a deliberate review of taxes and utility costs, which continue to frustrate domestic pr...Published: 18 Jul 2018 at 06:34hrs | | by Staff reporter
Post-Mugabe Zimbabwe set to frustrate eager investors
A European investor's phone rings in a Harare restaurant and it's good news: an $80 million construction deal has been agreed with the Zimbabwean government.All that's needed now is a central ...Published: 14 Jul 2018 at 11:53hrs | | by TimesLive
Delta bemoans forex shortages
Beverages giant, Delta Corporation Limited has said foreign currency shortages continue to have a knock on effect on its business especially packaging material, although earnings were positive in the ...Published: 13 Jul 2018 at 08:22hrs | | by Staff reporter
Mangoma will whittle down presidential powers
Daily News editor Gift Phiri sits down for a wide-ranging interview with the presidential candidate for the Coalition of Democrats (CODE) — an alliance of six opposition political parties about the ...Published: 14 Jan 2018 at 08:58hrs | | by Staff reporter
Govt to extend amnesty on outstanding taxes
Government will extend amnesty measures on outstanding taxes that were accrued prior to December 1, 2017, Finance and Economic Development Minister Patrick Chinamasa has said.Presenting his 20...Published: 08 Dec 2017 at 04:59hrs | | by Staff reporter
Zimra beats revenue targets again
The Zimbabwe Revenue Authority gross collections for the third quarter were 19% above target boosted mainly by higher collections in Value Added Tax, individual tax, excise duty and company tax....Published: 19 Oct 2017 at 06:58hrs | | by Staff reporter
Latest pyramid scheme to hit Bulawayo
On Saturday morning, a horde of well-dressed young men and women turned their backs on the glass doors of a three-star city hotel in disappointment.The man who they had dressed up for had not ...Published: 25 Jul 2017 at 07:22hrs | | by Staff reporter
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