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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: 8 hrs ago | 185 | by Staff reporter
Mthuli Ncube confronts Osiphatheleni
THERE was drama around Tredgold Building, which houses the Bulawayo Magistrate Courts yesterday, as illegal money changers ran away at the sight of the Minister of Finance and Economic Development, Pr...Published: 8 hrs ago | 144 | by Staff reporter
Zimbabwe's FIU to probe businesses inflating prices for USD bank transfers
THE Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has said it will investigate unethical behaviour exhibited by various businesses after it emerged that they are forcing customers to pa...Published: 8 hrs ago | 32 | by Staff reporter
4 rogue firms' accounts frozen
BANK accounts belonging to four major basic commodity distributors have been frozen for suspected economic sabotage, while unscrupulous manufacturers and pharmaceutical companies also face the same co...Published: 8 hrs ago | 71 | by Staff reporter
Bulawayo motorists threaten CBD parking boycott
BULAWAYO's business community and motorists say they will boycott parking in the central business district in protest over the new pricing system introduced by Tendy Three Investment (TTI) and the cit...Published: 26 May 2023 at 18:49hrs | 581 | by Staff reporter
Bulawayo faces 2-day citywide water cuts
BULAWAYO will endure citywide two-day water cuts from 6AM to 4PM starting today as the local authority installs protective relays for its electric transformers with only the city centre and industrial...Published: 24 May 2023 at 17:11hrs | 207 | by Staff reporter
Chamisa cries for a chance to 'fix this mess'
CITIZENS Coalition for Change (CCC) leader Nelson Chamisa has in his election campaign promised to fix economic problems currently bedevilling Zimbabwe, which has seen retail prices soaring and the lo...Published: 24 May 2023 at 06:11hrs | 1514 | by Staff reporter
Are Zimbabwe retailers dumping goods on the streets?
Vendors in the country's major cities and towns have literally invaded all strategic points, including verandas of big retail shops, selling a variety of goods including basic commodities in foreign c...Published: 23 May 2023 at 06:41hrs | 628 | by Staff reporter
Forex speculators to face disciplinary action
THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against bus...Published: 23 May 2023 at 06:34hrs | 413 | by Staff reporter
Zimbabwe and SA telcos hit hard by worsening energy crisis in the region
Telecommunication companies have been hit hard by the worsening energy crisis in the southern Africa region, which has seen daily national power grid electricity outages of up to 16 hours.The ...Published: 22 May 2023 at 19:48hrs | 273 | by Staff reporter
Mnangagwa in panic mode
PRESIDENT Emmerson Mnangagwa has pressed the panic button over galloping prices of basic commodity as he accused retailers of plotting his defeat ahead of the August elections. Retailers last ...Published: 22 May 2023 at 06:40hrs | 5024 | 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 | 837 | by Staff reporter
NetOne allays SIM card shortage fears
Mobile network provider, NetOne Cellular, has dismissed allegations that it is short of SIM cards those touts and dubious agents trying to sell SIM cards for US$4, four times the official price of US$...Published: 22 May 2023 at 06:33hrs | 156 | by Staff reporter
Zimbabwe govt takes price madness head-on
Government, whose responsibility is to protect the consumer and ensure stability, will "take all measures necessary", including painful ones if need be, to ensure price stability, the President has sa...Published: 21 May 2023 at 08:02hrs | 120 | by Staff reporter
Anger mounts in Zimbabwe as prices rocket
ZIMBABWE'S currency further crashed this week, precipitating waves of basic commodity price hikes, which were slammed by consumer watchdogs.In a survey, the Zimbabwe Independent found that man...Published: 19 May 2023 at 20:42hrs | 448 | by Staff reporter
Mnangagwa's govt claims sabotage
GOVERNMENT has accused retailers of sabotaging the economy through speculative pricing and hiding goods from shop shelves.In a post-Cabinet Press briefing, Information and Broadcasting ministe...Published: 17 May 2023 at 21:23hrs | 669 | by Staff reporter
ZESA Hwange Unit 8, 300 MW, to boost supply. It's 43 years overdue, what's there to celebrate!
"Hwange Thermal Power Station's Unit 8 is expected to be synchronised with the grid on Tuesday, and will progressively add another 300 megawatts that will boost supplies to both domestic and industria...Published: 16 May 2023 at 17:28hrs | 1279 | by Wilbert Mukori
Zimbabwe industry frets over suspension of import duty
CAPTAINS of industry in Zimbabwe are sweating over the recent suspension of import duty and import value-added tax (VAT) on 10 basic groceries saying this was tantamount to exporting jobs and killing ...Published: 15 May 2023 at 19:01hrs | 365 | by Staff reporter
Zimbabwe central bank confident of price stability
ABOUT $40 billion, some of which could have found its way onto the black market, has been mopped up from the market in less than 10 months through gold coins and gold-backed digital tokens, in a devel...Published: 14 May 2023 at 11:32hrs | 133 | by Staff reportetr
Hwange Unit 8 to begin synchronisation on Tuesday
Hwange Thermal Power Station's Unit 8 is expected to be synchronised with the grid on Tuesday, and will progressively add another 300 megawatts that will boost supplies to both domestic and industrial...Published: 14 May 2023 at 11:31hrs | 165 | by Staff reportetr
Starlink rattles Zimbabwe internet service providers
The era of hanging emails, failed file downloads, and unstable internet will soon be a thing of the past if Starlink's global satellite internet service is rolled out in Zimbabwe. Elon Musk's Starlink...Published: 13 May 2023 at 18:31hrs | 3964 | by Staff reporter
Mnangagwa's govt to investigate the latest spate of basic commodity price hikes
A CABINET committee has been set up to investigate the latest spate of basic commodity price increases as Government moves to ensure corrective measures are taken to protect consumers. The int...Published: 10 May 2023 at 05:57hrs | 262 | by Staff reporter
Outcry over school fees hike
SCHOOLS open today for the second term with parents and guardians raising concerns over sharp increases in fees amid economic turmoil.The unaffordable fees demanded by schools follow revelatio...Published: 09 May 2023 at 06:05hrs | 201 | by Staff reporter
Ministry engages industry over price hikes
The Government is engaging the manufacturing and retail sectors with a view of establishing their operational challenges and arresting business malpractices causing unprecedented consumer price hikes....Published: 09 May 2023 at 06:01hrs | 126 | by Staff reporter
Outcry over school fees hike
SCHOOLS open today for the second term with parents and guardians raising concerns over sharp increases in fees amid economic turmoil.The unaffordable fees demanded by schools follow revelatio...Published: 08 May 2023 at 06:13hrs | 571 | by Staff reporter
Semi-hybrid vehicles launched in Zimbabwe
CAR dealership, CFAO Motors Zimbabwe has launched 20 semi-hybrids Suzuki Grand Vitara sport utility vehicles that use both a combustion petrol engine and electric system, as the firm strives to help r...Published: 08 May 2023 at 06:12hrs | 558 | by Staff reporter
Artificial intelligence and robotics: Great expectations and daunting existential risks
Artificial Intelligence (AI) is both exciting and challenging. There are opportunities and dangers. There are fascinating possibilities and existential risks.The starting point is to understan...Published: 06 May 2023 at 06:34hrs | 71 | by Arthur Mutambara
Disqualified Zanu-PF candidate jailed 2 years
Disqualified candidate in the recently held Zanu-PF primary election for the Chipinge South House of Assembly seat, Robert Nyemudzo, was on Wednesday jailed an effective 18 months by a Chipinge magist...Published: 05 May 2023 at 06:14hrs | 252 | by Staff reporter
Bread price jumps 109% in Zimbabwe
THE average price of a standard loaf of bread shot to $1 800 which is equivalent to US$1,70 at the official exchange rate of $1 059,60 to the greenback.This represents a 109% hike on the $860 ...Published: 03 May 2023 at 06:07hrs | 640 | by Staff reporter
Zimbabwe cost of living up by 11%
THE Zimbabwe National Statistics Agency (ZimStat) has said $33 044 could adequately sustain a consumer's basic needs last month, which at today's official exchange rate translates to just US$31,54....Published: 01 May 2023 at 08:10hrs | 496 | by Staff reporter
Zimbabweans will wake up after elections…well, hopefully!
Yesterday, during a relative's burial, I had a wonderful opportunity to mix and mingle with friends, family, neighbors and people from all walks of life. In these interactions - especially wit...Published: 29 Apr 2023 at 07:00hrs | 621 | by Tendai Ruben Mbofana
Businesses ditch Zimdollar
GOVERNMENT yesterday threatened to unleash the Financial Intelligence Unit (FIU) on retailers refusing payment in the local currency or limiting the number of items consumers can buy in Zimdollar, whi...Published: 28 Apr 2023 at 07:04hrs | 1237 | by Staff reporter
Zimbabwe govt appears stumped by latest Zimdollar slide
VICE-PRESIDENT Constantino Chiwenga told attendees at the Zimbabwe International Trade Fair (ZITF) International Business Conference this week, essentially, not to worry about the economy.Spec...Published: 28 Apr 2023 at 07:02hrs | 667 | by Staff reporter
Chiwenga asks Zimbabweans to pray for peace
VICE-PRESIDENT Constantino Chiwenga has pleaded with Zimbabweans to pray for peace during the upcoming elections saying violence impedes economic growth.President Emmerson Mnangagwa last week ...Published: 27 Apr 2023 at 06:31hrs | 502 | by Staff reporter
Large turnout at Econet's eye-catching ZITF stand
Econet Wireless Zimbabwe's stand at the ongoing Zimbabwe International Trade Fair (ZITF) is attracting a large number of visitors because of its eye-catching, digital displays and on account of the cu...Published: 27 Apr 2023 at 06:30hrs | 517 | by Staff reporter
Zimbabwe price spikes spook consumers
A NEW wave of price hikes, triggered by the plummeting local currency on the parallel market, has thrown many consumers off balance.As of yesterday, the local currency was trading between $1 8...Published: 26 Apr 2023 at 06:35hrs | 866 | by Staff reporter
Hwange Unit 7 clocks full load of 300MW
THE power utility, Zesa Holdings, has announced a reduction in load shedding in response to the rising domestic power generation capacity, which has seen the country surpassing 1 000MW total output fr...Published: 26 Apr 2023 at 06:20hrs | 136 | by Staff reporter
Mnangagwa commits to create investor-friendly climate
PRESIDENT Emmerson Mnangagwa yesterday said his government was working hard towards creating a conducive economic environment for foreign direct investment."My government is continually workin...Published: 14 Apr 2023 at 07:35hrs | 106 | by Staff reporter
'High technology needed to combat drug smuggling,' in Zimbabwe
POLICE Commissioner-General Godwin Matanga has called on the Government to invest in state-of-the-art technologies at the country's ports of entry and exit to combat the smuggling of illicit drugs and...Published: 13 Apr 2023 at 08:10hrs | 92 | by Staff reporter
Econet data market share drops 2,1%
TELECOMMUNICATIONS giant, Econet Wireless Zimbabwe posted a 2,1% decline in its market share for data and internet traffic during the final quarter of 2022, according to the Postal and Telecommunicati...Published: 12 Apr 2023 at 08:07hrs | 183 | by Staff reporter
Zimbabwe mobile operators sweat over power cuts
Regular power outages have resulted in falling use of mobile phones as operators hike tariffs to offset rising operating costs, the Postal and Regulatory Authority of Zimbabwe (Potraz) has said....Published: 10 Apr 2023 at 07:28hrs | 548 | by Staff reporter
'Inflation is not on paper, you feel it'
Reserve Bank of Zimbabwe governor John Mangudya says inflation is "felt" by consumers and not on paper, as official statistics are being challenged by independent experts.For years, the Zimbab...Published: 10 Apr 2023 at 07:28hrs | 466 | by Staff reporter
Zimbabwean glitterati and Nigerian husband wanted for drug trafficking
THEIR marriage ceremony at The Nest, an upmarket and exclusive venue in Harare, was dubbed wedding-of-the-year in Zimbabwe last year.It was attended by the who-is-who in the local social scene...Published: 08 Apr 2023 at 15:25hrs | 1529 | by Staff reporter
Zimdollar hits new low
Prices of nearly all basic goods skyrocketed this week as the Zimbabwe dollar plunged in value to a record low, leaving disposable incomes dwindled, Business Times can report.The jump in price...Published: 08 Apr 2023 at 12:38hrs | 8733 | by Staff reporter
Zesa tariffs up 37%
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has effected a second electricity tariff increase within a month, triggering consumer outrage.The new tariffs were effect...Published: 06 Apr 2023 at 06:44hrs | 1177 | by Staff reporter
Giant step taken on Zimbabwe's 1 000MW floating solar project
THE bankability and feasibility study for the 1 000 Megawatt floating solar farm on Lake Kariba is expected to be completed this year while work on the proposed US$1 billion project will commence soon...Published: 04 Apr 2023 at 06:25hrs | 372 | by Mbuso Ndlovu
Chiwenga implores fair pricing model
Zimbabwean manufacturers must produce quality products to ensure Zimbabwean consumers make local products their first choice, and must give those consumers value for money, with prices reflecting the ...Published: 04 Apr 2023 at 06:23hrs | 135 | by Staff reporter
Hwange Unit 7 goes full blast
Hard work by Sinohydro Corporation staff and the over 150 young Zimbabwean engineers since August 2018 as they expanded Hwange Power Station's generation capacity, appears to have been worth the while...Published: 01 Apr 2023 at 07:33hrs | 279 | by Staff reporter
Bulawayo firms shed 32 000 jobs
THE number of workers in the Bulawayo industrial area have massively declined from 40 112 that were employed in 1989 to 8 000 employed now, a 2022 survey by the local authority has revealed.It...Published: 31 Mar 2023 at 17:57hrs | 659 | by Staff reporter
Bulawayo suburb plunges into darkness
BULAWAYO's Newton West suburb was plunged into darkness early yesterday morning after thieves once again stole copper cables as the spate of vandalism of critical public infrastructure continues unaba...Published: 29 Mar 2023 at 06:55hrs | 230 | by Staff reporter
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