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'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 184 | by Staff reporter
Delta dumps normal supplies route amid Mozambique political turmoil
Despite using the shortest route for its timeous raw material distribution and chain supplies over the years, listed beverages manufacturing giant, Delta Corporation Limited, has announced political s...Published: 07 Nov 2024 at 13:02hrs | 1048 | by Gideon Madzikatidze/Simbarashe Sithole
Yorkshire based Zimbabwean boxer eyes return
Zimbabwean-born professional boxer Dzikamai Joseph Maphosa, currently based in Yorkshire, United Kingdom, is set to return home with ambitions to fight under the Zimbabwe National Boxing and Wrestling...Published: 27 Sep 2024 at 08:13hrs | 169 | by Staff reporter
Is Justice Chinamora's comeback a bad omen for Zimbabwean justice?
In Zimbabwe, we have become accustomed to those embroiled in controversy and transgression in their professional conduct being somehow rewarded by the ruling establishment. However, the choice...Published: 19 Sep 2024 at 20:54hrs | 1072 | by Tendai Ruben Mbofana
5 reasons why Zimbabwe is a popular destination
According to the latest data from Zimstat, Zimbabwe saw a staggering 83.2% increase in tourist arrivals in the first quarter of 2024, compared to the same period last year, with South African travelle...Published: 13 Aug 2024 at 07:48hrs | 707 | by Staff reporter
Zimra wins landmark forex tax dispute
In a significant ruling, the Supreme Court has declared that taxpayers cannot avoid paying taxes in foreign currency when their income or sales are in foreign currency. This landmark decision arose fr...Published: 16 Jul 2024 at 13:33hrs | 1539 | by Staff reporter
Zimra's unaccounted deposits cause tax woes
The Zimbabwe Revenue Authority (Zimra) received $101.54 billion in unaccounted deposits from clients in 2023, creating an administrative challenge that led to unnecessary penalties and interest on tax...Published: 15 Jul 2024 at 16:42hrs | 4166 | by Staff reporter
Zimbabwe's legal titan dies
Sternford Moyo, a distinguished Zimbabwean legal titan, passed away this morning after a brief illness. Moyo, a senior partner and chairman at Harare-based law firm Scanlen and Holderness, was revered...Published: 05 Jul 2024 at 17:06hrs | 23 | by Staff reporter
Zimra, Nampak clash over ZW$27bn penalty
Nampak Zimbabwe, a major industrial packaging manufacturer, is contesting hefty penalties imposed by the Zimbabwe Revenue Authority (Zimra), amounting to ZW$26.7 billion. The company attributes this d...Published: 30 Jun 2024 at 18:31hrs | 2 | by Staff reporter
Zimra faces parly probe
ZIMBABWE may have lost potential revenues running into millions of United States dollars due to lax systems at the Zimbabwe Revenue Authority (Zimra), which is now facing parliamentary probe.T...Published: 19 May 2024 at 12:21hrs | 3 | by Staff reporter
Delta takes Zimra to court
Zimbabwe's largest beverages producer recently announced its opposition to a US$54.8 million tax claim, labeling it as unjust enrichment for the Zimbabwe Revenue Authority (Zimra). Delta Corporation, ...Published: 18 May 2024 at 12:17hrs | 20 | by Staff reporter
ZSE rebases bourse to reflect ZiG
THE Zimbabwe Stock Exchange (ZSE) is re-basing all its indices following the introduction of a new currency, Zimbabwe Gold (ZiG), last week.ZSE said all the ZSE indices would be re-based to 10...Published: 09 Apr 2024 at 06:22hrs | | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 18 | by Staff reporter
Dembare, Bosso enraged after PSL chair deliberately tampered with the fixtures
TRADITIONAL football giants, Dynamos and Highlanders are frothing with anger after Premier Soccer League (PSL) chairman Farai Jere admitted to having fixed their season's opening games and coming shor...Published: 24 Feb 2024 at 15:51hrs | 10 | by Staff reporter
Dynamos, Highlanders condemns Zanu-PF MP over 'inflammatory' statement
Dynamos and Highlanders have issued a joint statement this Friday, 23 February condemning remarks made by Premier Soccer League (PSL) chairman, Farai Jere, which they described as "inflammatory"....Published: 24 Feb 2024 at 15:14hrs | 12 | by Staff reporter
Zimdollar crashes to lowest since its 2019 revamp
A fresh plunge in the value of the Zimbabwean dollar means that everyone in the country with US$100 is now a millionaire in local-currency terms. Again.The local unit on Tuesday weakened past ...Published: 31 Jan 2024 at 04:56hrs | 1 | by Staff reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 2 | by Staff reporter
Zimra gives small businesses tax reprieve
The Zimbabwe Revenue Authority (Zimra) has offered a six-month grace period for informal businesses to register for taxes in a move seen to boost State revenues.Revised guidelines outlining sp...Published: 30 Jan 2024 at 04:20hrs | 4 | by Staff reporter
Delta, Zimra fight over US$ tax
DELTA Beverages Pvt Ltd is up in arms with the Zimbabwe Revenue Authority (Zimra) after the tax collector concluded that the company had improperly computed its income tax, resulting in the matter spi...Published: 29 Jan 2024 at 10:14hrs | 10 | by Staff reporter
Bulawayo city centre dumpsite worsens chaos, decay
AN illegal dumpsite, which resembles Bulawayo City Council (BCC)'s Richmond Landfill site, commonly known as Ngozi Mine has emerged, a stone's throw away from a busy road that connects the city centre...Published: 23 Jan 2024 at 04:38hrs | 1 | by Staff reporter
Zimbabwe prices soar as new taxes kick in
THE year 2024 has started on a sombre note for citizens as prices of basic commodities surge in the wake of businesses implementing new government tax measures.Meat dealers have indicated that...Published: 05 Jan 2024 at 05:53hrs | 10 | by Staff reporter
Chiwenga's wedding was a political statement
HIGH-PROFILE weddings, especially those of the rich, famous and powerful - very important persons (VIPs) - are renowned worldwide for their grandeur, luxury and vibrant celebrations.These ausp...Published: 27 Dec 2023 at 17:26hrs | 29 | by Staff reporter
Airfares for flights between Zimbabwe and SA dramatically shoot up
AIR fares for flights between Zimbabwe and South Africa - mainly the Harare-Johannesburg and Bulawayo-Johannesburg routes - have shot up dramatically during the festive season (Christmas and New Year ...Published: 27 Dec 2023 at 17:26hrs | 10 | by Staff reporter
Zimbabwe tops in beer drinkers' survey
ZIMBABWE has been ranked one of the countries with a high alcohol consumption rate per capita, according to the latest survey.According to a survey by Wise Voter, an individual Zimbabwean cons...Published: 20 Dec 2023 at 06:33hrs | 12 | by Staff reporter
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 5 | 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 | 12 | by Staff reporter
'Nothing amiss in Chinamora scenario'
THE move to have retired High Court Judge Justice Webster Chinamora remain in office to clear all reserved judgments on his desk is above the law and in line with Section 186 (7) of the Constitution, ...Published: 03 Dec 2023 at 11:44hrs | 8 | by Staff reporter
Ariel Sibanda is the goalkeeper of the year
UTILITY man Qadr Amini was last night in a state of delirium as he was accompanied by his two wives to receive the Soccer Star of the Year crown.This follows a stellar season in which he capta...Published: 02 Dec 2023 at 05:39hrs | 12 | by Staff reporter
Zimbabwe Judge's sudden resignation opens a Pandora's box
FORMER High Court judge Webster Chinamora allegedly left a huge backlog of reserved judgments, with Delta Corporation continuing to haunt him despite his recent resignation, the Zimbabwe Independent r...Published: 25 Nov 2023 at 07:46hrs | 8 | by Staff reporter
Fastjet suspends Victoria Falls-Maun route due to low bookings
Zimbabwe's low-cost airline, Fastjet, has suspended its flights from Victoria Falls to Botswana's tourism capital, Maun, just a year after launching the then seemingly lucrative route in June 2022....Published: 23 Nov 2023 at 05:38hrs | 2 | by Staff reporter
Mnangagwa protects judge facing a series of corruption scandals
SOMETIME in February The NewsHawks reported that the Judicial Service Commission (JSC) had recommended that President Emmerson Mnangagwa must set up tribunals to investigate High Court Justices Webste...Published: 13 Nov 2023 at 21:25hrs | 10 | by Staff reporter
Judge under probe for making phantom ruling
JUDGE President Mary Zimba-Dube is now investigating a case in which High Court judge Webster Chinamora gave a ruling in a case he never heard involving Balwearie (Pvt) Ltd, and has written to lawyers...Published: 13 Nov 2023 at 21:25hrs | 9 | by Staff reporter
'Mnangagwa violates law'
PROMINENT lawyer Beatrice Mtetwa has accused President Emmerson Mnangagwa of failling to "uphold, defend, obey and respect the constitution" after he failed to appoint a tribunal to look into the suit...Published: 06 Nov 2023 at 21:22hrs | 5 | by Staff reporter
Delta Loss control manager demands USD from clients
Delta Beverages, a prominent brewery, has purportedly initiated a demand for payments in foreign currency for its product range within Mashonaland Central province. This action unfolds against a backd...Published: 04 Nov 2023 at 12:18hrs | 25 | by Simbarashe Sithole
Rare bacterium behind elephant deaths in Botswana and Zimbabwe
The deaths of 350 elephants in Botswana's Okavango Delta and 35 at the bordering Hwange National Park and Victoria Falls in Zimbabwe in 2020 were due to a rare form of bacteria, scientists have finall...Published: 28 Oct 2023 at 12:48hrs | 1 | by Staff reporter
Shortages of goods in Zimbabwe under probe
Industry and Commerce Minister Dr. Sithembiso Nyoni has addressed the artificial shortage of some essential goods in Harare's formal market, with a focus on ensuring price stability. During an engagem...Published: 25 Oct 2023 at 06:34hrs | | by Staff reporter
Zimbabwe central bank must consider introducing a ZW$500 000 note
This week, a prominent price monitoring thinktank emphasized the need for the Reserve Bank of Zimbabwe (RBZ) to contemplate the introduction of a ZW$500,000 note as the Zimbabwean currency continues t...Published: 22 Oct 2023 at 14:06hrs | 1 | by Staff reporter
Masiyiwa's wife committing millions to supporting underprivileged people
MEET Tsitsi Masiyiwa; she is the wife of Zimbabwean billionaire Strive Masiyiwa as well as a philanthropist. Before her husband became a billionaire, they were almost penniless and went through a roug...Published: 02 Oct 2023 at 06:31hrs | 1 | by Staff reporter
Rains expose Bulawayo's street drainage
The heavy rains that fell over Bulawayo on Saturday laid bare the city's inadequate storm drainage system. This deficiency was particularly evident as roads became waterlogged, exacerbated by unregula...Published: 02 Oct 2023 at 06:21hrs | | by Staff reporter
Mnangagwa's govt honors Dr Sikhulile Moyo
Government has gazetted the names of Zimbabweans given awards by President Emmerson Mnangagwa for distinguishing themselves in different areas of endeavours and expertise.Those who received aw...Published: 07 Aug 2023 at 21:29hrs | 9 | by Staff reporter
Bosso draws Chiefs in Chibuku Super Cup
ZIMBABWE giants Highlanders Football Club have been paired with local Premiership rivals Bulawayo Chiefs for the first round of the 2023 Chibuku Super Cup on the weekend of August 12-13.The dr...Published: 02 Aug 2023 at 18:10hrs | 1 | by Staff reporter
Bulawayo dance group wins Chibuku dance fest
SEKUNJALO maAfrica Arts dance group from Bulawayo walked away with US$15 000 for being ultimate winners at this year's edition of Chibuku Traditional Dance Festival national finals held at Harare Gard...Published: 31 Jul 2023 at 06:57hrs | 7 | by Staff reporter
Rogue traffic enforcers undermining business in Zimbabwe
FORMERLY known as an opulent suburb, Harare's Borrowdale area is gradually transforming into a commercial hub, not only for the city but the entire Zimbabwe.With its peace and flamboyance, Bor...Published: 23 Jul 2023 at 08:34hrs | 1 | by Staff reporter
Mnangagwa's integrity continues facing a litmus test
PRESIDENT Emmerson Mnangagwa's integrity continues facing a litmus test with him violating his constitutional obligation to establish a tribunal to investigate the suitability of Justice Webster China...Published: 16 Jul 2023 at 13:54hrs | 10 | by Staff reporter
Zimbabwe braces for historic Mayweather visit
DURING a visit to Nigeria on May 9, 2022, American boxing icon Floyd "Money" Mayweather announced his grand plan to promote the sport in Africa.It was a historic trip, as the retired boxer rar...Published: 09 Jul 2023 at 10:27hrs | 12 | by Staff reporter
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 20 | by Staff reporter
Masiyiwa named among only 17 black billionaires in the world
ACCORDING to Forbes, there are currently 2,640 billionaires in the world. They are collectively worth $12.2 trillion. The United States is the number one home of billionaires with 735 of them, followe...Published: 05 Jun 2023 at 06:59hrs | 3 | by Staff reporter
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 6 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
13 distressed Zimbabwe firms rescued
Testifying to its commitment to tangible deliverables aimed at transforming the livelihoods of the people, the Second Republic, under the stewardship of President Mnangagwa, has resuscitated 13 previo...Published: 11 May 2023 at 05:30hrs | 1 | by Staff reporter
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 | | by Staff reporter
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