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Mthuli Ncube hints on confidence measures
The Minister of Finance and Economic Development, Professor Mthuli Ncube has hinted on confidence rebuilding measures in his 2019 national budget to be presented on Thursday this week.The nati...Published: 18 Nov 2018 at 11:49hrs | 3856 | by Staff reporter
Strive Masiyiwa opts out as Econet profits surge
After tax profits in Econet Wireless spiked, propped up by increased uptake of data and fintech services although founder, Strive Masiyiwa has now opted out of the day-to-day board functions of the co...Published: 12 Nov 2018 at 06:19hrs | 11261 | by Staff reporter
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 152 | by Staff reporter
Delta Corporation post $57 million profit in the interim period
DELTA Corporation Limited posted a profit of $57,2 million in the six month period ended September 30, from the $32,3 million recorded last year due to a firm consumer demand. Revenue grew by 37% to $...Published: 09 Nov 2018 at 05:09hrs | 264 | by Staff reporter
RBZ fails to avail Delta's monthly $5m forex need
DELTA Corporation says it has not received foreign currency allocation in the past three weeks, leading to sporadic supply of its products on the market.Delta company secretary Alex Makamure t...Published: 05 Nov 2018 at 05:29hrs | 1319 | by Staff reporter
'We must Buy Zimbabwe or die'
The Israelites reportedly took 40 years in the wilderness on a journey that ordinarily took a month.Clearly, something was not right.Suffice to say, gross indiscipline and an inability...Published: 04 Nov 2018 at 09:45hrs | 4662 | by Munyaradzi Hwengwere
Zimbabwe beer stores run out of stock
Most night clubs and bottle stores in and around Harare have run out of popular beer brands as revellers are now being forced to drink whatever is available.Mineral water has also been out of ...Published: 29 Oct 2018 at 12:29hrs | 2009 | by staff reporter
Delta Beverages has not hiked its prices
Delta Beverages has not hiked its prices...Published: 29 Oct 2018 at 09:25hrs | 2976 | by delta
ZSE shares in significant fall
Zimbabwe Stock Exchange shares fell significantly on Monday in continued self-correction following a panic-induced rally last week which saw the market trade in unchartered territories. A...Published: 16 Oct 2018 at 06:42hrs | 1289 | by Staff reporter
'Inconsistent policies draining Zimbabwe business confidence'
Renowned American economist, Steve Hanke says Zimbabwe's new fiscal and monetary measures have left the market in a state of confusion, and opined that the country's annual inflation rate had topped 2...Published: 15 Oct 2018 at 06:30hrs | 672 | by Staff reporter
List of Zimbabwe police officers being transferred
FROM COMPOL [HRA] TO ALL STNS CLASS ‘A’ RDO TM 375/18 DD 11/10/18'IMMEDIATE'SUBJECT: TRANSFERS: OFFICERS AND...Published: 12 Oct 2018 at 20:02hrs | 13420 | by Compol HRA
Rush to offload bond notes triggers stocks rally
Stocks rallied this week as investors rushed to get rid of cash and electronic balances and took positions in equities after the accelerated devaluation of the local currency triggered by government's...Published: 12 Oct 2018 at 07:34hrs | 4076 | by Staff reporter
ZSE market capitalisation breaches $16bn mark
THE Zimbabwe Stock Exchange (ZSE) market capitalisation hit $16,7 billion on Tuesday, about 67% of the gross domestic product, as investors took shelter in equities to escape Zimbabwe's currency crisi...Published: 11 Oct 2018 at 06:39hrs | 493 | by Staff reporter
Mugabe's former white minister pens biography 'Mugabe's White Hand Man'
FORMER Agriculture minister, Dennis Norman, flew into the country from his retirement base in England to launch his autobiography - The Odd Man In: Mugabe's White Hand Man - which traces his life in t...Published: 10 Oct 2018 at 06:36hrs | 1227 | by Staff reporter
Econet, Delta excite foreigners
Foreign investors were net buyers of $1 million shares on the ZSE in September, with a particular interest in Delta and Econet. According to figures from the ZSE, foreign purchases accounted f...Published: 03 Oct 2018 at 07:41hrs | 2338 | by Staff reporter
Zimbabwe's US$800m forex reserve gap
Zimbabwe requires a foreign currency cover of US$1 billion, against current reserves of US$200 million and needs to further increase production to narrow the gap, an official has said.Ms Jesim...Published: 30 Sep 2018 at 07:23hrs | 375 | by Staff reporter
Where is the Mnangagwa while the country is burning??
Is Mnangagwa aware that the black market rate is at 1.20% meaning if you have $100 in your ecocash or bank its equivalent to us$45-00. Is Mthuli Ncube aware of this? Is Mangudya aware of this?...Published: 26 Sep 2018 at 13:59hrs | 4503 | by Lovemore Baloyi
Obert Mpofu looks to revive Zanu-PF business empire
President Emmerson Mnangagwa's ruling Zanu-PF is looking to revive its fallen business empire, crippled by gross mismanagement and corruption.In an exclusive interview with the Daily New...Published: 21 Sep 2018 at 14:38hrs | 2792 | by Staff reporter
Vic Falls man hangs self after bar brawl
A VICTORIA Falls man hanged himself following a bar brawl with a resident at Lupinyu business centre early this week.Matabeleland North police spokesperson Siphiwe Makonese confirmed Moses Jub...Published: 21 Sep 2018 at 06:54hrs | 443 | by Staff reporter
Corporates and cholera philanthropy
IT was recently reported that Econet Zimbabwe founding chief executive officer and now majority shareholder, Strive Masiyiwa issued a social media statement that questioned the transparency of the use...Published: 20 Sep 2018 at 07:09hrs | 187 | by Takura Zhangazha
Ministers, MPs' cars suspended
PRESIDENT Emmerson Mnangagwa's government yesterday suspended plans to buy new vehicles for the new Cabinet ministers and Members of Parliament and channelled the money towards fighting the cholera ep...Published: 20 Sep 2018 at 06:45hrs | 1987 | by Staff reporter
Hefty perks for Obert Mpofu and other fired old gurad
President Emmerson Mnangagwa has thrown a lifeline to his fellow comrades-in-arms whom he dropped from his Cabinet more than a week ago by giving them plum jobs at the Zanu-PF headquarters, complete w...Published: 16 Sep 2018 at 13:37hrs | 6516 | by Staff reporter
ZSE ignores 'Mthuliphoria'
The Zimbabwe Stock Exchange (ZSE) slipped into the red unperturbed by the excitement showing across markets on the appointment of new treasury chief, Mthuli Ncube, it has emerged.Slipping into...Published: 15 Sep 2018 at 21:48hrs | 1287 | by Staff reporter
Delta invests $3m into Bulawayo infrastructure projects
BEVERAGES maker, Delta Corporation, has invested close to $3 million in effluent and road upgrade projects in Bulawayo since 2016 as part of its community development initiatives. As one of th...Published: 13 Sep 2018 at 06:21hrs | 188 | by Staff reporter
Mthuli Ncube embarks on stakeholder listening & consulting roadshow
Minister of Finance and Economic Development Professor Mthuli Ncube embarks on stakeholder listening and consulting roadshow, starting with private meeting with fifty captains of industry.&nbs...Published: 12 Sep 2018 at 12:46hrs | 8234 | by Agencies
Delta in accelerated sustainability spending
DELTA Corporation (Delta) says it has invested at least $2,9 million in infrastructure-related corporate social investments under its integrated sustainable development framework.Sustainabilit...Published: 10 Sep 2018 at 06:54hrs | 282 | by Staff reporter
Zimbabwe economy skids
Analysts have raised fears that the country's troubled economy could soon plunge into another full blown crisis akin to the ugly 2008 hyper-inflationary era — unless the government acts urgently to ...Published: 05 Sep 2018 at 15:46hrs | 1924 | by Staff reporter
Mnangagwa blamed for failure to address 'legitimacy' issues, prices soar
THE prices of basic commodities have risen sharply since elections held on July 30 to levels that are too high for a dollarised economy.The bout of inflation is blamed on excessive government ...Published: 04 Sep 2018 at 06:50hrs | 2310 | by Staff reporter
Zimbabwe donates 10 rhinos to DRC
Zimbabwe has donated 10 white rhinos to the Democratic Republic of Congo (DRC), the Zimbabwe Parks and Wildlife Management Authority (ZimParks) has said.According to the organisation, the dona...Published: 03 Sep 2018 at 17:13hrs | 1252 | by Staff reporter
Free for all bananas after truck accident
Villagers from the surrounding community, passengers in buses and other vehicles ignored a trapped driver and quickly helped themselves to bananas that were strewn all over the Mutare-Harare highway a...Published: 24 Aug 2018 at 05:33hrs | 448 | by Staff reporter
Zimbabwe shops run out of soft drinks
DELTA Beverages has urged its customers to be patient following a shortage of soft drinks and maheu products on the local market.In a written response to questions from Business Chronicle yest...Published: 17 Aug 2018 at 06:15hrs | 1214 | by Staff reporter
Chamisa challenge weighs down ZSE
THE Zimbabwe Stock Exchange (ZSE)'s market capitalisation lost over $200 million last week as the market indices continued to be held down by the uncertainty around elections, ZSE data shows.A...Published: 14 Aug 2018 at 06:43hrs | 2858 | by Staff reporter
Factors impeding growth of industry in Bulawayo
IN my first submission I sought to unpack Bulawayo deindustrialisation and highlighted the political impact on the state of the manufacturing sector.Today I continue my submission with focus o...Published: 08 Aug 2018 at 06:31hrs | 341 | by Obert Sibanda
Investors cautious till election resolution
TRADING on the Zimbabwe Stock Exchange (ZSE) was down last week as investors were weighing their options and exercising extreme caution ahead of an announcement of the election results, trading data h...Published: 07 Aug 2018 at 07:20hrs | 173 | by Staff reporter
Private sector could demand salary hike
The civil service salary increment may prompt workers in the private sector to demand pay hikes, according to analysts at IH Securities. Earlier this year, the Government increased civil serva...Published: 07 Aug 2018 at 07:09hrs | 266 | by Staff reporter
Zimbabwe Stock Exchange sneeze before elections
The Zimbabwe Stock Exchange (ZSE) closed slightly lower during the last few days of official trade before the general elections set for tomorrow.After close on Thursday, the All Share Index fe...Published: 29 Jul 2018 at 09:59hrs | 247 | by Staff reporter
Zimra insists on $100m loan tax
A DELAY by the Zimbabwe Revenue Authority in clarifying tax issues around a $100 million commercial loan recently advanced by the British government, through the state-run Commonwealth Development Fun...Published: 27 Jul 2018 at 11:20hrs | 296 | by Staff reporter
Mnangagwa gets new nickname
President Emmerson Mnangagwa has earned a new nickname as "Mr Groundbreaking" for daily officiating at life-changing national projects being initiated across the country to revitalise the economy....Published: 26 Jul 2018 at 07:12hrs | 2190 | by Staff reporter
Mnangagwa gets new Nickname 'Mr Groundbreaking'
President Emmerson Mnangagwa has earned a new nickname as "Mr Groundbreaking" for daily officiating at life-changing national projects being initiated across the country to revitalise the economy....Published: 26 Jul 2018 at 06:35hrs | 1643 | by Staff Reporter
'New dispensation', same old lies
Ag shame! On the 6th of July I came across a shockingly screaming newspaper headline ED creates 60 000 jobs, I was in the sprawling border town of Beitbridge.Being one not to quickly believe o...Published: 25 Jul 2018 at 07:43hrs | 336 | by Ishemunyoro Mupokosera
Lumumba ejected from Mnangagwa function?
Acie Lumumba - real name William Gerald Mutumanje - was yesterday ejected from President ED Mnangagwa's tour of Delta for gatecrashing.The controversial activist turned up at the Delta Corpora...Published: 24 Jul 2018 at 15:11hrs | 9643 | by Staff reporter
Mnangagwa hails Delta Corporation
PRESIDENT Mnangagwa yesterday toured Delta Beverages lagers manufacturing plant in Harare, where the company undertook to invest $50 million annually towards expansion and upgrading of its plants acro...Published: 24 Jul 2018 at 06:50hrs | 548 | by Staff reporter
'New dispensation', same old lies
Ag shame! On the 6th of July I came across a shocking Sunday Mail headline screaming ED creates 60,000 jobs. I was in the sprawling border town of Beitbridge. Being one not to quickly believe or write...Published: 22 Jul 2018 at 09:44hrs | 383 | by Ishemunyoro Mupokosera: MDC Alliance Candidate for Mudzi South Constituency
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 | 567 | by Staff reporter
Delta revenue jumps 40%
DELTA Corporation Limited has reported a 40% increase in revenue as a result of an upsurge in all its beverage categories which was driven by higher consumer demand during the first quarter of the yea...Published: 13 Jul 2018 at 08:15hrs | 533 | by Staff reporter
RBZ doubles up cash imports to $100m
The Reserve Bank of Zimbabwe (RBZ) has doubled cash imports to $100 million per month as the central bank tries to ameliorate the prevailing cash shortages as well as meet rising demand from recoverin...Published: 08 Jul 2018 at 12:55hrs | 454 | by Staff reporter
Zimbabwe seeks $500m from Afreximbank
THE Reserve Bank of Zimbabwe (RBZ) is negotiating a $500 million funding package with the African Export and Import Bank (Afreximbank), as part of efforts to resolve the foreign currency shortages bli...Published: 02 Jul 2018 at 07:24hrs | 253 | by Staff reporter
Mining experts call for Mnangagwa to address Forex challenges
Mining experts have blasted president Emmerson Mnangagwa's Guruve Eureka Gold Mine tour saying the industry is facing same major crisis of foreign currency, which if addressed can speed resuscitation ...Published: 22 Jun 2018 at 09:01hrs | 779 | by Simbarashe Sithole
Mnangagwa reopens Eureka Gold Mine
Zimbabwe and the people of Guruve in particular will soon benefit from the re-opening of Eureka gold mine near Guruve Growth Point.The gold mine has been resuscitated by Delta Gold Zimbabwe, w...Published: 20 Jun 2018 at 18:36hrs | 1964 | by Staff reporter
Ecobank rolls out $150m letter of credit lines
Ecobank Zimbabwe has rolled out over $150 million worth of letters of credit lines into the Zimbabwean market in the last eight months as the bank moves to support the economy.Ecobank Zimbabwe...Published: 20 Jun 2018 at 07:19hrs | 364 | by Staff reporter
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