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Can Air Zimbabwe be run profitably?
Air Zimbabwe was placed under reconstruction on 4 October 2018 after operating for over 51 years in the skies. The airline has debts of over $350 million that are weighing down any restructuring exerc...Published: 17 Feb 2019 at 22:54hrs | 393 | by Victor Bhoroma
Can Air Zimbabwe be run profitably?
AIR Zimbabwe was placed under reconstruction on October 4 2018 after operating for over 51 years in the skies.The airline has debts exceeding US$350 million that are weighing down the restruct...Published: 15 Feb 2019 at 08:25hrs | 245 | by Victor Bhoroma
Beer prices go up with immediate effect
Delta Corporation has announced that effective 14 February 2019 beer price will be sold in United States Dollars.375ml of Brown bottles will be going for USD$1.50 while 340ml of Green bottles ...Published: 14 Feb 2019 at 18:58hrs | 11673 | by Mandla Ndlovu
Zimbabwe new dumping ground for second hand Chinese chrome smelters
Zimbabwe has become a target for Chinese companies that are looking at dumping second-hand chrome smelters following the promulgation of an environmental law prohibiting use of heavy environmentally u...Published: 14 Feb 2019 at 08:10hrs | 1048 | by Business Times
Afreximbank avails $255m letters of credit to Zimbabwe
The African Export Import Bank (Afreximbank) has availed US$255m letters of credit to Zimbabwe for fuel imports and the production of basic commodities in a bid to ensure adequate input supplies to th...Published: 07 Feb 2019 at 08:06hrs | 1780 | by Staff reporter
Mnangagwa on his own after UK ditches him
BRITAIN, Zimbabwe's only most promising ally in its quest to re-join the Commonwealth and pay arrears to international financial institutions says it will not be supporting Harare following the brutal...Published: 06 Feb 2019 at 08:19hrs | 1675 | by Editorial - Newsday
AB InBev gives Delta breathing space
Delta Corporation's anchor shareholder, AB InBev, will place over $120 million in unremitted dividends and fees in Reserve Bank of Zimbabwe (RBZ) savings bonds thereby reducing pressure on the demand ...Published: 01 Feb 2019 at 15:22hrs | 2764 | by Staff reporter
Mnangagwa leads Clean-Up from Parirenyatwa Hospital
PRESIDENT Mnangagwa today heads to Parirenyatwa Group of Hospitals in Harare for the national monthly clean-up exercise as Government intensifies efforts to build sustainable environment management an...Published: 31 Jan 2019 at 22:46hrs | 903 | by Staff reporter
'Govt subsidies for private players not sustainable'
Government has been warned against clandestine price controls being effected through its stranglehold on foreign currency allocation.Economic analysts said there were companies that were being...Published: 27 Jan 2019 at 19:18hrs | 1346 | by Staff reporter
Econet's ZSE market value hits $4bn
Telecoms giant, Econet is now the largest company again on the Zimbabwe Stock Exchange (ZSE) by market value at $4 billion, replacing Delta Corporation Limited. Econet now accounts for 19 perc...Published: 21 Jan 2019 at 08:14hrs | 229 | by Staff reporter
Delta urged to explore export market
INDUSTRY and Commerce Deputy Minister Raj Modi says Delta Corporation Limited should consider exploring and fortifying export markets to enable it to boost its foreign currency coffers in the wake of ...Published: 20 Jan 2019 at 09:19hrs | 165 | by Staff rpeorter
Another Grace Mugabe in the making!
So you are telling me that the whole acting president of the Republic of Zimbabwe failed to bring to an end the strike by the skilled labourers - I mean the junior doctors? But it took Auxilia a few h...Published: 19 Jan 2019 at 16:08hrs | 23108 | by Mapombi Adonha
Who used the extra 480 million litres of fuel the last six months?'
It's official, the exchange rate for American dollars to our 'surrogate currency' is not 1:1, neither is it 1:2.All the other parameters have been logically adjusted in the economic circles to...Published: 17 Jan 2019 at 18:03hrs | 931 | by Staff rpeorter
Mutsvangwa slams Mnangagwa's 'forex allocation economy'
OUTSPOKEN Zimbabwe war veterans' association chair, Chris Mutsvangwa has slammed government and the central bank for cherry-picking local firms to favour with scarce foreign currency allocation at the...Published: 17 Jan 2019 at 07:43hrs | 5655 | by newzimbabwe.com
Bulawayo loses property worth millions to violent protests
BUSINESSES in Bulawayo lost goods and property worth millions of dollars after violent protestors went on a looting spree and in some cases torched the buildings after looting. Supermarkets, s...Published: 17 Jan 2019 at 00:12hrs | 890 | by Staff reporter
Calm returns to Midlands
Calm returned to most parts of the Midlands province yesterday following opposition MDC-Alliance sponsored violent protests and looting of shops, especially in high density suburbs on Tuesday. ...Published: 17 Jan 2019 at 00:07hrs | 284 | by Staff reporter
Zimbabwe's woes deepen
Not having a currency of its own hasn't stopped Zimbabwe from sliding into a currency crisis.A scarcity of foreign exchange has led to long queues for fuel, bread and medicine and sent prices ...Published: 15 Jan 2019 at 12:56hrs | 1340 | by Bloomberg News
Dear President Mnangagwa, our demands are simple
Dear Mr President,Let's start by talking about what's important to Zimbabweans.The things Zimbabweans demand are not complicated. They are not anything out of the ordinary.They...Published: 14 Jan 2019 at 22:58hrs | 8464 | by newZWire
Zimbabwe now has the world's highest petrol price
Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a three-day national strike after the government more than doubled fuel prices to the highest in th...Published: 14 Jan 2019 at 22:26hrs | 764 | by Bloomberg
Zimbabwe to have own currency in 12 months
Finance and Economic Development Minister Professor Mthuli Ncube yesterday said the country will have its own currency within the next 12 months, as Government is frantically working on raising enough...Published: 12 Jan 2019 at 11:18hrs | 4449 | by Staff Reporter
National Reclamation:- Against the Perpetuation of a ruling elitist dynasty!
The leadership and general membership of the National Reclamation Assembly are deeply concerned about the current state of affairs in our beloved nation. We would like to categorically state that the ...Published: 11 Jan 2019 at 16:33hrs | 502 | by Advocate Walter Nyabadza
Mnangagwa under massive pressure
PRESIDENT Emmerson Mnangagwa's administration faces a mammoth task to steady the ship and deliver the goods as pressure mounts from all angles amid massive economic, social and political turbulence wh...Published: 11 Jan 2019 at 10:03hrs | 5580 | by Staff reporter
Delta on the brink
DELTA Corporation says it faced the gloomy prospect of halting all its business operations this month owing to a crippling foreign currency shortage that has paralysed the economy.To cushion i...Published: 11 Jan 2019 at 10:02hrs | 3600 | by Staff reporter
Growing unrest exposes official posturing
FAILURE by government to address the unrelenting currency crisis has come back to haunt the country as evidenced by widespread unrest triggered by the rising cost of living.Finance minister Mt...Published: 11 Jan 2019 at 10:00hrs | 746 | by Staff reporter
Zimbabwe companies to collapse in 30 days
MANY manufacturers could be forced to halt operations if government fails to arrest the crippling currency crisis within the next 10 days as most companies are left with less than a month's stock of r...Published: 11 Jan 2019 at 09:58hrs | 2638 | by Staff reporter
Time to confront bloodsuckers wherever and whenever
THAT things could be on the verge of boiling over is not an overstatement, but for the "big boys" these are the best of times as they are making a killing.But it should be pointed out from the...Published: 11 Jan 2019 at 09:39hrs | 377 | by Conway Tutani
Delta's AB InBev places $120m unremitted dividends, fees into RBZ saving
The world's largest brewer Anheuser-Busch InBev (AB InBev) has agreed to place the over $120 million owed to it in unremitted dividends and fees by Delta Corporation into the Reserve Bank of Zimbabwe ...Published: 11 Jan 2019 at 09:38hrs | 656 | by Staff reporter
The fallacy of production in Zimbabwe!!
There is this fallacy in Zimbabwe and among Zimbabweans that production is a pre-conditionality for economic revival. This view unfortunately misses the point altogether. Zimbabweans do not seem...Published: 10 Jan 2019 at 12:45hrs | 491 | by Colls Ndlovu
Beer prices hit the roof
After government blocked its bid to charge in United States dollars last week, Zimbabwe's largest brewer Delta Corporation slapped a 25% increase on the wholesale price of clear beer "to cushion again...Published: 08 Jan 2019 at 09:18hrs | 2474 | by Staff reporter
Delta hikes beer prices
Beverages giant, Delta Corporation, yesterday announced new recommended wholesale and retail prices for its clear beer products that are sold across the country, a move that has resulted in a 25 perce...Published: 08 Jan 2019 at 09:06hrs | 801 | by Staff reporter
Consumers protest against beverages prices
Irate residents in Chitungwiza this Monday blocked retailers at Chirunga shops in Unit K, Seke from receiving a consignment of beer and soft drinks, accusing them of extorting customers by charging un...Published: 07 Jan 2019 at 19:00hrs | 1957 | by Staff reporter
Soft drink shortages to persist
Delta corporation Limited (Delta), the country's biggest supplier of soft drinks and beer, has said shortages of its beverages will persist pending supply of foreign currency from the Reserve Bank of ...Published: 07 Jan 2019 at 18:58hrs | 780 | by Staff reporter
Beer drinkers must think long and hard
Following the announcement by Delta Corporation Limited — the Zimbabwean company part owned by Anheuser-Busch InBev — to only accept hard currency for its beverages, it appears the future of beer ...Published: 07 Jan 2019 at 18:58hrs | 828 | by Staff reporter
Delta releases price of beer in US dollars
Delta Corporation has released its recommended price of beer in United States dollars. Recently Delta had announced that it will be selling its products exclusively in foreign currency but after...Published: 07 Jan 2019 at 14:40hrs | 4271 | by Mandla Ndlovu
Business slams Mthuli Ncube's forex committee
BUSINESS leaders say the setting up of a forex allocation committee by government will not solve the prevailing foreign currency crisis.Finance minister Mthuli Ncube last Friday set up a forex...Published: 07 Jan 2019 at 08:39hrs | 1689 | by Staff reporter
Valueless bond notes the source of Zimbabwe's problems, say analysts
GOVERNMENT'S promise to avail foreign currency to the country's largest beverages manufacturer, Delta Corporation, to avoid forex pricing is not sustainable, analysts have said.Delta last Wedn...Published: 06 Jan 2019 at 10:13hrs | 1297 | by Staff reporter
'ZSE downward trend likely to persist'
The downward trend that has characterised the Zimbabwe Stock Exchange since October last year is likely to persist in 2019 as the allure of protecting value wears off, analysts have said.The Z...Published: 06 Jan 2019 at 09:47hrs | 576 | by Staff reporter
Delta debacle: Dialogue key
The debacle between Government and Delta Corporation over the latter's announcement that it intended to price its products in foreign currency, brings to the fore the dire need for a social contract b...Published: 06 Jan 2019 at 09:43hrs | 315 | by Africa Moyo
Delta beverages' prices unchanged
Errant retailers had hijacked the Delta Beverages' notice and increased prices of alcoholics and non-alcoholics two fold.The beverage corporation however said prices remain unchanged and retai...Published: 05 Jan 2019 at 17:22hrs | 3021 | by Staff reporter
Beer prices up +100%
Beer drinkers may now need to think twice before downing the so-called wise waters.This follows the steep increase in the price of clear beer – by more than 100 percent – hours after Delta...Published: 05 Jan 2019 at 17:09hrs | 1047 | by Staff reporter
Zimbabwe bond notes under siege
The bond note is increasingly suffering rejection from the corporate sector after Delta Corporation Limited went public on Wednesday saying it will be selling its products in hard currency.Del...Published: 04 Jan 2019 at 19:31hrs | 6844 | by Staff reporter
Zimbabwe's muscle-conomics: The Case of Delta and Civil Servants
In a joint press release on January 3 by the central bank and Delta Corporation, whose arm is the country's biggest beverages maker, backtracked on its decision to sell its products in hard currency. ...Published: 04 Jan 2019 at 13:40hrs | 4947 | by Robert Sigauke, Political Commentator, Cape Town
Consumers appeal for protection against wave of pricing in forex
THE Consumer Council of Zimbabwe (CCZ) has appealed for urgent Government intervention in protecting consumers against the tide of foreign currency pricing of goods and services at a time when a major...Published: 04 Jan 2019 at 09:15hrs | 368 | by Staff reporter
Chiwenga power: Delta reverses forex decision
Delta Corporation has reversed a decision to sell its products in foreign currency after the Reserve Bank of Zimbabwe (RBZ) yesterday assured the beverage manufacturer it would provide the forex requi...Published: 04 Jan 2019 at 09:12hrs | 1301 | by Staff reporter
PHOTO: Delta backtracks after meeting Chiwenga
Delta Beverages officials today met the Acting President Constantino Guvheya Nyikadzino Chiwenga and he forced them to backtrack from their decision to sell their products exclusively in foreign curre...Published: 03 Jan 2019 at 18:39hrs | 12318 | by Mandla Ndlovu
Mnangagwa's Minister to meet Delta over US dollar prices
DELTA Corporation yesterday said it would start selling all its products in foreign currency with effect from tomorrow, a decision described by the Government as unacceptable and illegal. Anal...Published: 03 Jan 2019 at 09:11hrs | 1929 | by Staff reporter
Zimbabwe beer, soft drinks to sell in US$
THE country's leading beverages manufacturer, Delta Beverages, yesterday announced a new pricing system pegged in United States dollars to keep itself afloat in the face of foreign currency shortages....Published: 03 Jan 2019 at 09:08hrs | 494 | by Staff reporter
It's time to just re-dollarise the Zimbabwe economy
THE recent announcement by one of country's stock market leaders, Delta Beverages, that it will be selling its products in United States dollars starting tomorrow should be a wake-up call to governmen...Published: 03 Jan 2019 at 09:08hrs | 991 | by Editorial - newsday
Zimbabwe to brace up for tough times ahead as the economy continue to scream
No sign of economic revival has been noticed since this new republic took over. It is just a fallacy. It is now 13 months since President Emmerson Dambudzo Mnangagwa grabbed power from nonagen...Published: 03 Jan 2019 at 09:05hrs | 1072 | by Leonard Koni
Is bond and RTGS the official currency of Zimbabwe? Govt must walk the talk on currency reforms
When the current minister of finance and economic development was tipped of his imminent appointment he spelled out what seemed to be his objective, that is to remove bond note and either adopt the Ra...Published: 03 Jan 2019 at 07:47hrs | 3646 | by Henry Madiro
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