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'Counterfeits, financial instability imperil manufacturing sector'
Zimbabwean consumers are grappling with increasing difficulties, including the proliferation of counterfeit goods and financial instability, as the country's manufacturing sector struggles to grow. Pa...Published: 13 Dec 2024 at 09:39hrs | 46 | by Staff reporter
Bulawayo councillors flag sprouting illegal bus ranks
Councillors in Bulawayo are concerned over the rise of illegal bus ranks in the city as it becomes clear that the long-awaited Egodini Mall project may not be able to accommodate all city buses. With ...Published: 12 Nov 2024 at 10:56hrs | 247 | by Staff reporter
Top Bank executive slams RBZ tight policy measures
A prominent banking executive has criticized the Reserve Bank of Zimbabwe (RBZ) for focusing too heavily on exchange rate stability at the cost of economic growth, warning that the central bank's rece...Published: 10 Nov 2024 at 11:05hrs | 1827 | by Staff reporter
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 | 182 | by Staff reporter
Calls for US$ salaries grow louder in Zimbabwe
The Zimbabwe Congress of Trade Unions (ZCTU) has once again called for workers to be paid in United States dollars until the government stabilizes the country's economic fundamentals, arguing that thi...Published: 19 Oct 2024 at 12:11hrs | 201 | by Staff reporter
NetOne CEO makes US$1bn move
NetOne, Zimbabwe's oldest mobile telecoms operator, has laid ambitious plans to achieve US$1 billion in annual revenue by 2029, despite facing challenges in accessing capital. Chief executive officer ...Published: 05 Oct 2024 at 16:35hrs | 1259 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9582 | by Staff reporter
Zimbabwe to remove VAT on meat?
Zimbabwe is set to see price cuts on meat and poultry products following a recent policy change that eliminates Value Added Tax (VAT) on these items. This decision, confirmed by Finance Ministry perma...Published: 28 Aug 2024 at 13:31hrs | 536 | by Staff reporter
Hands Up! New App 'SizeHim' claims to predict penis size and sexual compatibility from your palms
Forget swiping left and right based on photos - a new app is promising to revolutionize dating by using hand pictures to predict a man's package and sexual compatibility.Yes, you read that rig...Published: 17 Jul 2024 at 07:34hrs | 784 | by Staff reporter
Vendors, Mnangagwa's govt head for showdown over Sadc swoop
Informal trader representatives in Harare have expressed strong opposition to the government's plans to evict them from the central business district (CBD) ahead of the Sadc Summit. The government aim...Published: 15 Jul 2024 at 08:15hrs | 263 | by Staff reporter
Zimbabwe govt workers fight US$ NSSA deductions
The Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) has petitioned the Public Service Commission (PSC) to halt the anticipated deductions from salaries paid in US dollars. The deductions...Published: 11 Jun 2024 at 06:14hrs | 3 | by Staff reporter
Heavy tax chews up Zimbabwe civil servants' US$300 salary
CIVIL servants have bitterly protested over the government's heavy taxation of their United States dollar salary component, which is leaving them with little US$ disposable income. The government rece...Published: 22 Jan 2024 at 10:38hrs | 3 | by Staff reporter
Zimbabwe's civil servants' US$300 addition 'unfairly' deducted
Public sector workers affiliated with the Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) have expressed dissatisfaction with the government's decision to implement substantial deduction...Published: 22 Jan 2024 at 04:52hrs | | by Staff reporter
Global headwinds spell doom for Zimbabwe
TOP international economists predict that the global economy will decline this year, spelling trouble for Zimbabwe's foreign market-dependent economy.The Treasury expects Zimbabwe's economic g...Published: 20 Jan 2024 at 07:06hrs | | by Staff reporter
Zimdollar exchange rate bolts
MARKET watchers have predicted a gloomy 2024 outlook amid a galloping exchange rate, steep taxation and an ever tanking economy, NewsDay reported.As usual, this is heavily impacting on ordinar...Published: 08 Jan 2024 at 05:36hrs | 11 | by Staff reporter
Zimbabwe mobile operators' revenues up by 95%
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) recorded a 95,3% growth in mobile operator revenue to $850,8 billion in the third quarter owing to inflationary gains....Published: 24 Dec 2023 at 16:10hrs | 10 | by Staff reporter
Suffering Zimbabweans should free themselves
CRISIS in Zimbabwe Coalition (CiCZ) chairperson and former Zimbabwe Congress of Trade Unions (ZCTU) president Peter Mutasa (PM) was awarded the International Trade Union Confederation Africa (ITUC-Afr...Published: 14 Dec 2023 at 16:16hrs | | by Staff reporter
Zimbabwe industry players call for Budget taxes review
Organisations in industry and commerce want Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube to review some of the tax proposals he made in the 2024 Budget saying...Published: 12 Dec 2023 at 05:51hrs | 9 | by Staff reporter
Chamisa's CCC borrows poor language from Nerves Mumba
IN A WHAT COMES ACROSS AS A POOR CASE OF BORROWING poor language from Nerves Mumba's controversial Sadc Electoral Observation Mission on Zimbabwe's 2023 harmonised general election, Nelson Chamisa's C...Published: 03 Dec 2023 at 18:23hrs | 9 | by Jonathan Moyo
Mthuli Ncube increases toll fees by 150% in US$ terms
Due to limited resources, Finance and Investment Promotion Minister, Mthuli Ncube, has presented a 2024 National Budget totaling ZWL58.2 trillion, implementing deep tax measures to address financial c...Published: 30 Nov 2023 at 20:08hrs | 9 | by Staff reporter
Zimbabwe companies edgy ahead of next week's elections
Zimbabwean companies – among them the local unit of South Africa-listed Nampak – are holding their breath as business uncertainty pervades the southern African country ahead of elections next week...Published: 19 Aug 2023 at 16:29hrs | | by Staff reporter
Zimbabwe govt increases tax-free threshold
GOVERNMENT has increased the tax-free threshold to $500 000 from $91 000 with effect from August 1 to boost Zimbabweans' disposable incomes who earn in local currency in the face of a rising cost of l...Published: 10 Aug 2023 at 06:43hrs | 25 | by Staff reporter
NetOne adds more value for money USD bundles
NetOne, Zimbabwe's leading digital solutions mobile network operator, has announced the launch of new WhatsApp, Facebook, Twitter and Instagram bundles, denominated in US dollars. The move is ...Published: 31 Jul 2023 at 06:51hrs | 11 | by Staff reporter
RBZ sweet-talks millers
The Reserve Bank of Zimbabwe Governor John Mangudya has sweet-talked millers to reduce prices of maize meal, flour and salt ahead of elections.After successfully meeting with a high-level dele...Published: 24 Jul 2023 at 20:32hrs | 4 | by Simbarashe Sithole
Multichoice believes Zimbabwe may prove a better market than Nigeria
Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart...Published: 06 Jul 2023 at 09:17hrs | 1 | by Staff reporter
Youth vote litmus test for Zanu-PF
THE Zanu-PF-led government faces a litmus test in the August general election, after it failed to deliver on key priority areas affecting the youth over the past years, amid indications of a considera...Published: 04 Jul 2023 at 14:01hrs | 8 | by Staff reporter
Public wage bill balloons 3 times ahead of key Zimbabwe elections
ELECTION-related spending by the Zimbabwean government is going through the roof as President Emmerson Mnangagwa goes for broke, spending public funds like confetti at a wedding to retain his position...Published: 02 Jul 2023 at 17:30hrs | 11 | by Staff reporter
Mthuli Ncube remains mum as Zimdollar crashes
FINANCE minister Mthuli Ncube's failure to update the nation on the state of the economy, despite several calls by legislators, shows the typical arrogance associated with Zanu-PF leaders when confron...Published: 22 Jun 2023 at 08:44hrs | 1 | by Staff reporter
More land for Bulawayo housing
THE Bulawayo City Council (BCC) said it is committed to availing more land for servicing into residential stands building on the success of the Public Private Partnerships model to reduce the housing ...Published: 18 Jun 2023 at 08:37hrs | | by Staff reporter
South Africans dumping DStv
MultiChoice's latest annual results show its pay-TV service DStv lost South African subscribers between 31 March 2022 and 31 March 2023.Its subscribers declined from 8.16 million to 8.016 mill...Published: 14 Jun 2023 at 08:31hrs | 2 | by Staff reporter
Mnangagwa commends labour movement leadership
PRESIDENT Emmerson Mnangagwa has hailed workers for engaging in dialogue, instead of strikes, to find solutions to problems they are facing at workplaces.In his May Day statement, President Mn...Published: 11 May 2023 at 05:29hrs | 1 | 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 | 1 | 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 | | 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 | 2 | by Staff reporter
An abortion right is not a right - THE AUTHENTICITY
The fetus should be considered part of the human species, as it shares our genetic code, and, if unimpeded in its development, will grow and mature into an adult human being.The debate over wh...Published: 07 Apr 2023 at 13:57hrs | | by Tafara Makusha
Chiwenga demands plastic bottle deposits
The law on littering is being tightened to deter litterbugs and a new Bill being drafted include stiffer penalties and regulation plus a requirement that fast food outlets and those who sell drinks bo...Published: 04 Feb 2023 at 06:13hrs | | by Staff reporter
Zimbabweans' inaction against Sikhala's unjust continued incarceration is greatest threat to activism!
A tyrant will always be a tyrant - and, like the proverbial leopard, foolhardy for anyone to expect him to change his spots.It is, therefore, incumbent upon the people being oppressed to stand...Published: 26 Dec 2022 at 09:38hrs | | by Tendai Ruben Mbofana
Zimbabwe MPs scale up dollarisation campaign
PARLIAMENTARIANS have made a fresh call for the scrapping of the weakening local currency in favour of dollarisation.Speaking in Parliament on Wednesday, Pelandaba–Mpopoma legislator Charles...Published: 17 Dec 2022 at 12:12hrs | | by Staff reporter
Chiwenga decries escalating acts of terrorism in Africa
VICE-President Constantino Chiwenga has decried escalating acts of terrorism in Africa saying it has become a "thorn in the flesh" for many governments.Addressing delegates at the official ope...Published: 10 Nov 2022 at 04:56hrs | | by Staff reporter
Mnangagwa's wife invited to Iran
IRAN's First Lady Dr Jamileh Alamolhoda on Saturday rolled out the red carpet for her counterpart Dr Auxillia Mnangagwa, where the two exchanged notes on various issues including education, health, wo...Published: 07 Nov 2022 at 05:25hrs | | by Staff reporter
$1,2 billion sanitary wear 'vanishes'
SANITARY wear worth $1,2 billion bought by government for distribution to rural schools cannot be accounted for, a Parliamentary probe has revealed.The Parliamentary Committee on Primary and S...Published: 03 Nov 2022 at 05:06hrs | | by Staff reporter
Zimbabwe govt lacks spine
THE Zanu-PF government is at long last trying to get back to the basics on its initial promises at Independence in 1980, reintroducing a minimum wage.However, questions will continue to linger...Published: 22 Oct 2022 at 05:41hrs | 1 | by Paidamoyo Muzulu
Mnangagwa's govt proposes US$150 minimum wage
GOVERNMENT yesterday proposed to push through a US$150 minimum wage or the equivalent in local currency at the prevailing bank rate across all sectors.Speaking during a post-Cabinet briefing, ...Published: 19 Oct 2022 at 06:00hrs | 1 | by Staff reporter
Zimra to intensify revenue collection
THE Zimbabwe Revenue Authority (Zimra) is intensifying domestic resource mobilisation to guarantee the availability of adequate financial resources required to fund critical Government programmes....Published: 17 Oct 2022 at 06:05hrs | 1 | by Staff reporter
Mnangagwa jolts Zimbabwe ministers into compromise agreement
PRESIDENT Emmerson Mnangagwa was recently forced to compel 13 ministers who sit in the Tripartite Negotiating (TNF) Forum to urgently attend meetings to discuss solutions to worsening economic hardshi...Published: 16 Oct 2022 at 19:30hrs | 1 | by Staff reporter
Public procurement loopholes enable looting of Covid-19 goods
THE absence of statutes aimed at managing the procurement of goods and services and their issuance in times of emergency in Zimbabwe led to the country not getting value for the funds it invested towa...Published: 19 Sep 2022 at 20:02hrs | 16 | by Staff reporter
Chamisa says Uzumba has never known independence
CITIZENS Coalition for Change (CCC) president, Nelson Chamisa, has said villagers in Zanu-PF stronghold Uzumba are yet to enjoy fruits of independence due to ruling party militia engaged in activities...Published: 24 Aug 2022 at 21:20hrs | 2 | by Staff reporter
Mthuli Ncube told to come clean on IMF funds
FINANCE minister Mthuli Ncube has been told to come clean on the utilisation and disbursement of the International Monetary Fund (IMF) Special Drawing Rights (SDR) funds.The Budget and Finance...Published: 22 Aug 2022 at 07:09hrs | | by Staff reporter
Zimbabwe currency speculators cornered?
THE retreat of the recent inflation spiral is expected to accelerate, and purchasing power increase in light of recent pay rises without matching price rises, as speculative market forces are being co...Published: 15 Aug 2022 at 06:38hrs | | by Staff reporter
Zimbabwe yet to ban single use plastics
ZIMBABWE is yet to ban single use plastic bags despite that they are a major environmental threat, the Environmental Management Agency (Ema) said yesterday.Ema spokesperson Amkela Sidange told...Published: 11 Aug 2022 at 06:42hrs | | by Staff reporter
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