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High interest rates choking Zimbabwe currency borrowing
Listed clothing retailer, Edgars Stores Limited, has reported a resilient performance for the half-year period ending July 7, 2024, despite the ongoing economic setbacks and high interest rates that c...Published: 10 Nov 2024 at 11:02hrs | 181 | by Staff reporter
We Africans have our way of doing things
The thunderous weather, intensified by blinding lightning, instils fear in many of us. Folklore has it that during such storms, bad debtors and adulterers often tremble to the core, fearing that those...Published: 08 Nov 2024 at 14:57hrs | 272 | by Thomas Murisa
Gweru airport project stalls
Plans by the Gweru City Council to transform its aerodrome into a fully operational airport have hit a snag, with delays at the Deeds Office cited as the primary obstacle. This revelation emerged duri...Published: 09 Oct 2024 at 07:53hrs | 1911 | by Staff reporter
Tracing debtors can be a headache unless done by professionals
Tracing people who owe them money can be a headache for many organisations, including small enterprises. The money may never be recovered simply because the person owing the money becomes evasive and ...Published: 26 Sep 2024 at 11:24hrs | 217 | by Agencies
Gweru City Council undertakes debtors cleansing exercise
The Gweru City Council is conducting a debtors cleansing exercise to verify the status of its debtors, including companies that have ceased operations but are still listed as owing money. This effort ...Published: 05 Jul 2024 at 11:02hrs | 2 | by Staff reporter
Bizarre tariffs cripple Zimbabwe power projects
In Harare, Zimbabwe, Gloria Magombo, the Permanent Secretary of the Ministry of Energy and Power Development, highlighted the challenges faced by the country's sub-economic tariffs in funding crucial ...Published: 20 Jun 2024 at 07:32hrs | | by Staff reporter
BCC writes off 864 bills
The Bulawayo City Council (BCC) has written off bills for over 800 properties, deeming them irrecoverable due to the high cost of recovery relative to the amounts owed. The total amount written off is...Published: 16 Jun 2024 at 09:10hrs | | by Staff reporter
Residents risk losing properties over unpaid bills
The Bulawayo City Council has warned that thousands of residents may lose their properties if they default on paying their bills.Over 2,000 households have already had their water supplies dis...Published: 21 May 2024 at 08:17hrs | 3 | by Staff reporter
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 1 | by Nomazulu Thata
Fight over ex-CIO boss' massive estate rages
The widow of the late Central Intelligence Organisation (CIO) deputy director General Maynard Muzariri has been accused of trying to sell off property of his estate despite the fact that there are out...Published: 10 Mar 2024 at 06:52hrs | 8 | by Staff reporter
No property worth US$250 000 in Bulawayo
THE Bulawayo City Council (BCC) has declared that there is no single property within the city that meets the threshold for the recently introduced wealth tax, at least according to their records....Published: 25 Feb 2024 at 07:17hrs | | by Staff reporter
Gweru to engage debt collector
THE Gweru City Council (GCC) has resolved to engage a debt collector in a bid to force residents and ratepayers to settle their monthly bills and help recover the nearly $71 billion owed by its client...Published: 26 Jan 2024 at 04:43hrs | 1 | by Staff reporter
51 Zimbabwe parastatals fail to submit financials
A total of fifty-one state-owned enterprises have failed to submit their financial statements for auditing to the Auditor-General, as required by law.The Acting Auditor-General, Mrs. Rhea Kuji...Published: 02 Nov 2023 at 05:40hrs | 7 | by Staff reporter
BCC intensifies water disconnections
THE Bulawayo City Council will this month intensify its water disconnection drive as it tries to recover over $200 billion which it is owed in property taxes and service fees by consumers as at the en...Published: 04 Oct 2023 at 06:45hrs | 1 | by Staff reporter
Property owners given ultimatum
HWANGE Local Board (HLB) has issued an ultimatum to property owners to pay their bills or risk their properties being attached.HLB spokesperson Dumisani Nsingo said the local authority was owe...Published: 18 Sep 2023 at 06:59hrs | | by Staff reporter
Nampak cashes in on Zimdollar scarcity
PACKAGING materials supplier Nampak Zimbabwe says it has benefited from improved United States dollar collections during the third quarter ended June 2023 on the back of constrained local currency liq...Published: 16 Aug 2023 at 06:48hrs | 8 | by Staff reporter
TelOne chokes under ZWL$20.5 billion govt debt
TelOne is struggling to recover about ZWL$20.5bn in unpaid obligations by the government which has affected the viability of the State-owned fixed telecommunications network operator.The gover...Published: 06 Jul 2023 at 17:53hrs | 1 | by Staff reporter
BCC bows to residents' pressure on security guards
The Bulawayo City Council has backtracked on its plans to disband the Municipal Police and replace it with a private security company, following a backlash from residents.According to a Confid...Published: 05 Jul 2023 at 18:50hrs | 6 | by Staff reporter
Harare City Council backs down on US dollar billing
The Harare City Council (HCC) has reversed its controversial decision to bill rate payers in US dollars only following a treasury order for the local authority to abandon the action.Town House...Published: 05 Jul 2023 at 07:11hrs | | by Staff reporter
Tsholotsho RDC upbeat after getting town status
Tsholotsho Rural District Council (RDC) officials are upbeat following the decision by the government to award the centre township status.Tsholotsho RDC acting chief executive officer Lo...Published: 03 Jul 2023 at 07:14hrs | | by Staff reporter
BCC blasted over proposal to disband municipal police
BULAWAYO residents have reacted with anger following the proposal by the local authority to disband municipal police and engage a private security company, saying the move is not only unprecedented, b...Published: 03 Jul 2023 at 07:09hrs | 8 | by Staff rporter
TelOne suffers US$7,4m loss
SATE-OWNED telecom firm, TelOne, says government's delay in paying its debt has caused a loss of US$7,4 million on its balance sheet as the local currency continues to depreciate.The Zimdollar...Published: 30 Jun 2023 at 14:31hrs | | by Staff reporter
BCC considers blacklisting debtors
THE Bulawayo City Council is reportedly considering blacklisting some of its bad debtors as it continues to explore avenues of boosting revenue collection.The move comes as the city's debtors ...Published: 25 Jun 2023 at 09:36hrs | 1 | by Staff reporter
BCC, Ecocash mull debt collection partnership
The Bulawayo City Council (BCC) is set to enter into a debt collection deal with EcoCash Holdings.According to latest council minutes, EcoCash Holdings' Pride Gonde, an account executive, wrot...Published: 11 May 2023 at 05:33hrs | | by Staff reporter
Zesa engages ZRA for more water
ZESA Holdings is engaging the Zambezi River Authority (ZRA) for more water allocation to ramp up electricity generation.Spokesperson George Manyaya told NewsDay that the power utility has mana...Published: 26 Apr 2023 at 06:26hrs | | by Staff reporter
Police detectives share US$160,000 theft loot
Two Criminal Investigation Department (CID) police officers have landed in the dock on allegations of sharing US$160,000 they had recovered while investigating a theft case.The two, Addmore Mu...Published: 05 Apr 2023 at 18:20hrs | | by Staff reporter
Zimbabwe must realise its position in global geopolitics
ON Wednesday United States envoy Robert Scott jetted into the country. He did not hide his mission. "I am here to engage in a series of meetings with government, civil society and other a...Published: 04 Mar 2023 at 08:07hrs | | by Staff reporter
BCC embarks on water disconnection blitz
BULAWAYO City Council (BCC) is carrying out a water disconnection blitz in all suburbs over unpaid rates amounting to $30 billion.The local authority says it is struggling to meet its financia...Published: 13 Feb 2023 at 05:18hrs | | by Staff reporter
'Bulawayo City owed $31 billion' Mayor says
Bulawayo Mayor, Solomon Mguni has announced that the City of Bulawayo is being owed dentitled to ZW$31 Billion which unfortunately lies in the hands of the City's debtors.In his end of year re...Published: 04 Jan 2023 at 07:38hrs | | by Mzingaye Nxumalo
Harare mayor admits bungling
Harare mayor Jacob Mafume has admitted his council messed up after issuing just 163 stands out of a total 5,000 initially targeted for allocation to home seekers in 2022 by the local authority....Published: 28 Dec 2022 at 20:34hrs | | by Staff reporter
Zimbabwe govt pays US$50,28m to service external debt
TREASURY paid out US$50,28 million between January and September this year towards servicing its active debt portfolio while token payments were also made for debt arrears owed to International Financ...Published: 29 Nov 2022 at 05:15hrs | | by Staff reporter
Beware of the folly of Trojan rulers!
Government, folly of mankind?Barbara W Tuchman is a prolific writer on politics as read through history. I enjoy her take on her subject.But she is American, western, itself an importa...Published: 13 Nov 2022 at 18:07hrs | 1 | by on Saturday
483 rates defaulters lose property to council
GWERU City Council (GCC) has attached movable property of 483 defaulting residents and companies leading to the recovery of about $18 million.The local authority is seeking to recover $3,7 bil...Published: 21 Oct 2022 at 06:04hrs | | by Staff reporter
Shareholders fight directors over Tetrad Bank control and assets
TETRAD Investment Bank (TIB) shareholders are locked in a heated row with its directors for the control of the defunct financial institution's US$13 million assets. TIB has properties and othe...Published: 12 Oct 2022 at 18:49hrs | 2 | by Agencies
Billions vanish from Zimbabwe govt coffers?
MILLIONS of United States dollars and billions in local currency have vanished from government coffers due to accounting malpractices and breach of protocol, with no paper trail to back the spending....Published: 22 Sep 2022 at 06:02hrs | 1 | by Staff reporter
Zimplats splurges US$270m on capital projects
Zimplats says it has expended in excess of US$270 million on capital projects in 2022, nearly 70% up on the US$159,1 million spent in the previous year.These include stay-in-business, re...Published: 07 Sep 2022 at 06:43hrs | 1 | by Staff reporter
Bulawayo forex discounts endorsed
BULAWAYO residents are going to get a 50 percent discount for settling their rates in foreign currency, while industries will have a 30 percent discount after councillors endorsed the resolution which...Published: 14 Aug 2022 at 07:20hrs | 7 | by Staff reporter
BCC offers domestic debtors 50% discount
BULAWAYO City Council (BCC) is now offering a 50% discount to domestic debtors and 30% to industrial debtors paying their bills in foreign currency.Councils began indexing rates in foreign cur...Published: 04 Aug 2022 at 06:46hrs | 1 | by Staff reporter
3 council bars corruptly sold
Three Harare City Council beer halls were allegedly sold without following proper procedure, amid reports authority to sell was never confirmed.The council's acting finance director verbally t...Published: 01 Aug 2022 at 06:32hrs | | by Staff reporter
Residents challenge BCC over 'unreasonable' bills
BULAWAYO residents have challenged the Bulawayo City Council (BCC) over astronomical bills, but city fathers said they are not to blame because inflation has pushed up the cost of everything.T...Published: 30 Jul 2022 at 19:08hrs | | by Staff reporter
Council sues 400 defaulters per month
NEARLY 400 people are sued monthly by the Bulawayo City Council (BCC) and some end up having their property auctioned by the Messenger of Court after failing to settle their debts. Last Friday...Published: 25 Jul 2022 at 06:27hrs | | by Staff reporter
Zimra is now owed over $33 billion as defaults rise
THE Zimbabwe Revenue Authority (Zimra) has reported a 283,65% increase in debt to $33,25 billion in 2021 owing mostly to exporting firms indicating that the current tax regime remains too high for com...Published: 24 Jul 2022 at 10:01hrs | | by Staff reporter
Zimbabwe secures 300MW
ZESA Holdings has secured a 300 megawatt (MW) power import deal with regional suppliers as the energy crisis threatens to cripple industry and domestic consumers, confidential documents show.T...Published: 22 Jul 2022 at 10:43hrs | 5 | by Staff reporter
BCC to offer discount for forex payments
Bulawayo councillors have proposed to offer residents that are willing to settle their bills in foreign currency a 50 percent discount.This follows a public outcry after the local authority, a...Published: 26 Jun 2022 at 08:15hrs | 5 | by Staff reporter
Zimbabwe sinks deeper into debt hole
THE government last year added US$6,45 billion to the public debt as the Treasury assumed the former white farmer's compensation fund under domestic debt and the Reserve Bank of Zimbabwe (RBZ) legacy ...Published: 24 Jun 2022 at 08:56hrs | | by Staff reporter
Strike paralyses major hospitals
WORKERS from other sectors have started joining a tools down job action by health personnel and teachers who are demanding United States dollar salaries.The strike entered its third day yester...Published: 23 Jun 2022 at 06:46hrs | | by Staff reporter
Gweru charges bills in USD
GWERU City Council (GCC) has with immediate effect, begun to charge rentals and bills in United States dollars.The bills will be payable at the prevailing interbank rate.Ratepayers owe...Published: 20 Jun 2022 at 06:40hrs | | by Staff reporter
Residents' property attached over council debts
AT least 10 residents from Senga suburb had their household property attached by the Messenger of Court at the instigation of Gweru City Council (GCC) in a bid to force ratepayers to settle their bill...Published: 19 May 2022 at 06:35hrs | | by Staff reporter
The Mundoza tree has become an oracle
The two trees stand side by side as if nature's siblings, one a Casternabar and the other a 'Mutohwe'. One is domesticated and the other wild but they are both fruit trees. Their combined cano...Published: 08 May 2022 at 15:35hrs | 7 | by Mutanda Wachingama
Zupco, NRZ in huge debt
AUDITOR-GENERAL Mildred Chiri has questioned the going concern status of four parastatals whose current liabilities exceed current assets and have been incurring losses running into millions of dollar...Published: 17 Apr 2022 at 09:10hrs | | by Staff reporter
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