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Fresh details on collapsed US$2,5bn CBZ bid emerge
An ambitious plan by CBZ Holdings to create Zimbabwe's largest financial services powerhouse has collapsed after the Competition and Tariff Commission (CTC) imposed a series of restrictive conditions ...Published: 20 Jun 2025 at 17:36hrs | 186 | 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 | 211 | by Staff reporter
Zanu-PF's Raj Modi interested in Choppies acquisition
Local trading firm Pin Tail Trading, which operates the Sai Mart retail chain, has expressed interest in acquiring Choppies Enterprises Limited's Zimbabwe operations. The leading supermarket chain rec...Published: 01 Dec 2024 at 08:54hrs | 3512 | by Staff reporter
Choppies considers exiting Zimbabwe
Choppies Enterprises Limited has announced its intention to sell the business operations of its wholly-owned subsidiary, Nanavac (Pty) Ltd, trading as Choppies Zimbabwe, subject to discussions and reg...Published: 29 Nov 2024 at 18:26hrs | 6216 | by Staff reporter
CTC to investigate surge of counterfeit toothpaste in Zimbabwe
The Competition and Tariff Commission (CTC) has announced an investigation into reports of counterfeit toothpaste products flooding the Zimbabwean market, citing potential serious health risks to cons...Published: 18 Oct 2024 at 08:42hrs | 208 | by Staff reporter
Varun's plea to curb imported energy drinks goes flat
Competition regulators have turned down a request by Varun Beverages, the bottler of Pepsi in Zimbabwe, to restrict imported energy drinks.Imports of energy drinks have surged by over 7 000% s...Published: 03 Dec 2023 at 17:30hrs | 24 | by Staff reporter
Sanctions eroding value of Zimdollar
The depreciation of the Zimbabwe dollar is partly due to illegal economic sanctions imposed on the country by Western countries, the African Development Bank (AfDB) said in its African Economic Outloo...Published: 29 May 2023 at 06:30hrs | 1 | by Staff reporter
Massive price hikes throw the Zimbabwe economy into turmoil
THE Zimbabwean government is having sleepless nights over price hikes, which have continued unabated, plunging low-income earners into immense poverty, a snap survey by The NewsHawks.Commodity...Published: 28 May 2023 at 17:54hrs | | by Staff reporter
Zimbabwe toothpaste maker faces closure
The country's only toothpaste maker - Merken- is in danger of going out of business following the government's decision to allow the unfettered entry of the products it manufactures into the country, ...Published: 28 May 2023 at 08:07hrs | 6 | by Staff reporter
Zimdollar in record crash
THE Zimbabwe dollar tumbled by nearly 26% on the official market on Tuesday, the biggest collapse in one day since the auction system was introduced three years ago, while a government inquiry accused...Published: 25 May 2023 at 06:24hrs | | by Staff reporter
Zimdollar rates race to 3,000
In a significant blow to Zimbabwe's economy, the country's dollar experienced a sharp decline of 26 percent during Tuesday's foreign-exchange auction, a Bloomberg report said. The official exchange ra...Published: 24 May 2023 at 17:12hrs | | by Staff reporter
Zimbabweans react with shock over exchange rate, price madness
CONSUMERS have reacted with shock to the extortionate and unrealistic exchange rates being applied in the pricing of basic goods in local currency by some unscrupulous retail players in Bulawayo and o...Published: 22 May 2023 at 06:35hrs | 2 | by Staff reporter
Seke Teachers College under investigation
THE Competition and Tariff Commission (CTC) has launched investigations into alleged restrictive practices by Seke Teachers College for allegedly producing branded attire that it forces students to bu...Published: 05 Mar 2023 at 06:17hrs | | by Staff reporter
Zimbabwe must step up to increase exports, says UK
THE United Kingdom (UK) embassy said Zimbabwe could boost its exports to the European country through the Economic Partnership Agreement (EPA), but said it needed to step up.The British head o...Published: 19 Sep 2022 at 06:06hrs | 3 | by Staff reporter
Jonathan Dube elected Chartered Governance & Accountancy Institute president
The head of Finance and Administration at the Competition and Tariff Commission, Mr Jonathan Dube, is the new president of the Chartered Governance and Accountancy Institute in Zimbabwe (CGAIZ)....Published: 16 Aug 2022 at 07:06hrs | 27 | by Agencies
Mnangagwa officially opens judges workshop
PRESDIENT Mnangagwa has said competition laws and robust policy frameworks are essential pillars towards driving sustainable socio-economic development in the country.He said this as he offici...Published: 13 Aug 2022 at 07:23hrs | 1 | by Staff reporter
Cartels, manipulators on the radar
Cartels and those that collude to unjustifiably increase prices, engage in illegal dealings and manipulating the local currency for their benefit have been put under the microscope, President Mnangagw...Published: 13 Aug 2022 at 07:22hrs | | by Staff reporter
Foul play disguised as incompetence at the Competition and Tariff Commission
I am an avid reader and consumer of all things Competition and Anti Monopolies related. I believe in healthy competition and have learnt a thing or two from watching the American Sherman act evolve in...Published: 27 Jun 2022 at 12:48hrs | 5 | by Thabo Nkiwane
Innscor fined US$9m, ordered to divest from Probrands
THE Competition and Tariff Commission (CTC) imposed a fine of US$9,1 million on Innscor Africa Limited (Innscor) for consummating the merger of one of its subsidiaries without the Commission's approva...Published: 26 Jun 2022 at 12:26hrs | 21 | by Staff reporter
GMAZ Boss Tafadzwa Musarara takes Competition and Tariff Commission head on
Grain Millers Association of Zimbabwe (GMAZ) Chairman Tafadzwa Musarara has come out guns blazing against the Competition and Tariff Commission saying the law which gives power to the CTC does not tak...Published: 22 Apr 2022 at 12:57hrs | 2 | by Mandla Ndlovu
Biti claims that proposed bank mergers illegal
FORMER Finance minister Tendai Biti, who is also a former chairperson of the National Assembly's Public Accounts Committee, said the proposed mergers of financial institutions involving government ent...Published: 18 Sep 2021 at 19:34hrs | 2 | by Staff reporter
Govt tells private schools to reimburse parents
Government has said private schools that increased fees without seeking approval must reimburse parents and guardians, as those behind the illegal hikes risk being jailed. Some private schools...Published: 10 Sep 2021 at 07:20hrs | 17 | by Staff reporter
Disgruntled sugarcane farmers meet Mnangagwa
RESIDENT Emmerson Mnangagwa last Sunday met sugarcane farmers from Chiredzi at his Precabe Farm in Kwekwe to discuss challenges faced by the over 1 200 sugar growers who benefited from the land reform...Published: 04 Aug 2021 at 06:32hrs | 5 | by Staff reporter
ICSAZ re-elects Taona Munzvandi as its president
The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) has re-elected as its president Taona Munzvandi, who is managing director of Daxilon Security and former chief executive o...Published: 21 Jun 2021 at 17:49hrs | | by Agencies
Tariffs commission probes schools over monopolised uniform supplies
The Competition and Tariff Commission (CTC) has launched an investigation into reports of schools compelling parents and guardians to buy uniforms from preferred retailers and suppliers, a clear breac...Published: 25 Mar 2021 at 06:07hrs | 3 | by Staff reporter
Delta completes MBC takeover
BEVERAGES blue-chip Delta Corporation has achieved its plan to expand its multiple brands' footprint into Manicaland province after a key regulator approved a transaction to take over Mutare Bottling ...Published: 21 Mar 2021 at 08:36hrs | | by Staff reporter
Competition and Tariffs Commission exposes consumers
The Competition and Tariff Commission has banned the self regulation mechanisms which had been setup by the Grain Millers Association of Zimbabwe and other retailers in a bid to cushion the consumers ...Published: 05 Aug 2019 at 13:30hrs | 1 | by Mandla Ndlovu
Competition & Tariff Commission to probe manufacturers
The Competition and Tariff Commission has indicated that it is the only entity with the exclusive rights to set price ranges in line with the Competition Act."The Commission reserves the right...Published: 25 Jul 2019 at 19:55hrs | | by Staff reporter
Mnangagwa swoops on cartels and monopolies over pricing
GOVERNMENT has begun enforcing a combination of strategies to break monopolies and foster competition among companies in key sectors providing basic commodities, which have come under siege from price...Published: 16 Jun 2019 at 09:33hrs | 3 | by Staff reporter
Zimbabwe now in defacto dollarisation
THE persistent price volatility in the economy has left producers and retailers in Zimbabwe with very limited options apart from indexing their products in the US dollar or pegging their Real-Time Gro...Published: 31 May 2019 at 08:08hrs | 2 | by Victor Bhoroma
Edcon to sell Edgars Zimbabwe
South African retail giant, Edcon, is selling its shareholding in local clothing chain Edgars Zimbabwe, as the struggling group realigns operations to stay afloat.News of a possible collapse o...Published: 29 May 2019 at 07:56hrs | 1 | by Staff reporter
Kango wants duty hike on gas stoves
KANGO Private Limited has called on Government to increase duty on gas stoves following the increased inroads of the imported product on the local market. Kango is the sole maker of gas stoves...Published: 25 Mar 2019 at 06:57hrs | | by Staff reporter
School uniforms scam under probe
THE Competition and Tariff Commission has warned schools against forcing parents to buy uniforms from specific outlets or individuals. In a statement yesterday, the commission said such practi...Published: 31 Jan 2019 at 23:07hrs | | by Staff reporter
Unethical uniform suppliers warned
THE Competition and Tariff Commission has warned businesses and schools engaging in anti-competitive practices in the supply and distribution of uniforms that the body will not hesitate to invoke the ...Published: 31 Jan 2019 at 22:49hrs | | by Staff reporter
Competition Commission goes after distribution of school uniform
The Competition and Tariff Commission is a statutory body established under the Competition Act [Chapter 14:28)]. The functions of the Commission, as provided for in the Act, are the prevention and co...Published: 31 Jan 2019 at 22:19hrs | | by CompCom
Industry Minister dates Bulawayo businesses
INDUSTRY and Commerce Minister, Nqobizitha Mangaliso Ndlovu, will meet businesses in Bulawayo today as the city hosts the Competition and Tariff Commission (CTC) conference. The event is being...Published: 05 Dec 2018 at 05:39hrs | 1 | by Staff reporter
Vertical Agreements and Competition Law
The Competition & Tariff Commission has, in the past months and years, been publishing articles on competition law and policy with a view to raise awareness of Competition Law amongst industrialis...Published: 15 Nov 2018 at 09:32hrs | 4 | by Competition & Tariff Commission
Mnangagwa's govt unveils parastatal reform strategy
Government has rolled out detailed plans for the restructuring of State-owned Enterprises (SOEs), with 41 entities lined-up for privatisation, departmentalisation and listing on the Zimbabwe Stock Exc...Published: 13 Nov 2018 at 05:42hrs | 13 | by Staff reporter
Competition Commission probes chicks and feeds distributors
THE Competition and Tariff Commission (CTC) has launched an investigation into the distribution of stock feeds and day old chicks after cases of suspected restrictive practices in the market. ...Published: 12 Nov 2018 at 05:32hrs | | by Staff reporter
Change of currency not ideal to revive Zimbabwe economy
THE country's economic crisis has deepened since the recent fiscal and monetary measures announced by Finance minister Mthuli Ncube and Reserve Bank governor John Mangudya. The economy has plu...Published: 19 Oct 2018 at 08:41hrs | | by Staff reporter
'Rand answer to Zimbabwe export competitiveness'
ZIMBABWE needs to adopt a soft currency like the South African rand as reference exchange money to become competitive and attract the much-needed foreign direct investment, economics researcher and bu...Published: 08 Oct 2018 at 06:16hrs | 1 | by Staff reporter
'Heavy tax on beef'
ZIMBABWE'S beef industry is heavily taxed and Government needs to review downwards, streamline compliance costs to create room for growth in the sector and enable livestock farmers to realise high ear...Published: 02 Aug 2018 at 07:29hrs | 1 | by Staff reporter
Bulawayo businesses call for CTC decentralisation
BUSINESS leaders in Bulawayo have pressed the Competition and Tariff Commission (CTC) to decentralise its operations by opening local offices to effectively assist companies.Speaking during a ...Published: 29 Jun 2018 at 07:22hrs | 1 | by Staff reporter
Inflation stands at 3%
ZIMBABWE'S year-on year inflation rate closed 2017 at 3.46 percent gaining 0.49 percentage points on the November rate of 2.97 percent, official figures show.This means that prices as measured...Published: 17 Jan 2018 at 06:00hrs | 1 | by Staff reporter
Chiwenga to deal with price hikers
The Zanu-PF Politburo yesterday set up an ad-hoc committee to deal with wanton price increases for basic commodities in the past three months, with President Mnangagwa warning unscrupulous businesspeo...Published: 11 Jan 2018 at 05:32hrs | 1 | by Staff reporter
Govt to revoke licences for price hike offenders
Government has warned it will consider revoking the operating licences of businesses found guilty of unilateral and unjustified price increases, after Cabinet recently endorsed a raft of measures to s...Published: 07 Nov 2017 at 05:17hrs | | by Staff reporter
Zimbabwe media capture
Two weeks ago, the Zimbabwean media industry celebrated as two of the country's biggest media players, Zimpapers and AB Communications, launched new media products amidst a harsh economic environment,...Published: 30 Jul 2017 at 07:45hrs | 1 | by Faith Ndlovu
Go for locally made products, says Mnangagwa
VICE President Emmerson Mnangagwa yesterday urged Zimbabweans to support the consumption of domestic products and drift from the mindset that foreign goods are superior to those produced locally....Published: 07 Jul 2017 at 06:38hrs | | by Staff reporter
ZETDC and CAFCA under probe
The Competition and Tariff Commission is probing Zimbabwe Electricity Transmission and Distribution Company (ZETDC) and CAFCA on a case of suspected anti-competitive behaviour.ZETDC is a...Published: 11 May 2017 at 15:46hrs | 1 | by Staff Reporter
Notice of demand for the restoration of Matebeleland State
Under the direction and authority of Matebeleland Liberation Organisation Supreme Council, The President of M.L.O. Paul Siwela served the British government under the leadership of David Cameron and Z...Published: 14 Mar 2017 at 10:50hrs | 13 | by Paul Siwela
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