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Christopher Mutsvangwa, the Mhofus and the PPI
I was in Harare responding to the Zimbabwe is Open for Business call by the President of Zimbabwe, Emmerson Mnangagwa and stayed at the Cresta Lodge. For a man from Mhandamabwe, this was one of the mo...Published: 14 hrs ago | 3431 | by Sam Wezhira
Businesses trading in US dollars to pay tax in that currency, says Zimra
In a subtle admission that Zimbabwe is using 3 currencies the USD, Bond and RTGS, Zimbabwe Revenue Authority (ZIMRA) is advising the public that businesses selling goods in USD should pay taxes in USD...Published: 15 hrs ago | 3075 | by Ndou Paul
Skeletons tumble as MPs begin investigation
FORMER Mines deputy minister Freddie Moyo has become the latest politician to be linked to the demise of Hwange Colliery Company Limited (HCCL), a development that left the lives of thousands of famil...Published: 20 hrs ago | 759 | by Staff reporter
Khaya Moyo defends Zanu-PF spending spree
A year after Zanu-PF's succession war was settled with the help of the military, the ruling party says it is happy with the direction in which President Emmerson Mnangagwa is steering the country....Published: 20 hrs ago | 314 | by Staff reporter
Beitbridge - Masvingo highway closed
THE highway between Beitbridge and Masvingo will be temporarily closed today to allow for repairs on the railway line following an accident likely to cost Beitbridge-Bulawayo Railway (BBR) millions of...Published: 20 hrs ago | 1016 | by Staff reporter
Zimbabwe must adopt the rand, says Fitch Solutions
ZIMBABWE must adopt the South African Rand to deal with the worsening currency crisis caused by the shortage of United States dollars, an international research firm has said. United Kingdom-b...Published: 20 hrs ago | 934 | by Staff reporter
Currency options for crisis-ridden Zimbabwe
Zimbabwe needs to introduce a hybrid foreign currency management system or create a long maturity US$ Brady type bond to preserve savings amid the currency chaos, renowned economist Ashok Chakravarti ...Published: 20 hrs ago | 544 | by Staff reporter
Mnangagwa urges media to highlight success stories
PRESIDENT Mnangagwa has urged the media to highlight the country's success stories instead of expending energies on negative stories that weigh down Government efforts to resuscitate the economy and l...Published: 20 hrs ago | 162 | by Staff reporter
Mpilo Hospital goes up in smoke
A doctor was injured while property worth thousands of dollars was destroyed yesterday when Mpilo Central Hospital doctors' quarters in Bulawayo was gutted by fire.Officials said they were sti...Published: 20 hrs ago | 261 | by Staff reporter
Govt acts on drug shortages
The Health and Child Care Ministry is using its foreign currency allocation from the Reserve Bank of Zimbabwe to purchase raw materials to help CAPS Holdings and Datlabs manufacture medicines locally,...Published: 20 hrs ago | 138 | by Staff reporter
The most treasonous act you can do for your country is to support Zanu PF
If you support Zanu, you will be helping future Zimbabwean children to become perpetual slaves of other Nations while armed thieves in Zanu exponentiate their wealth.Imagine a country where yo...Published: 17 Nov 2018 at 17:19hrs | 3842 | by Ryton Dzimiri
'Arbitrary arrests, detention rise'
The month of October witnessed an increase in cases of arbitrary arrests and detention, the Human Rights NGO Forum has said in its Organised Violence and Torture Report for October.This follow...Published: 17 Nov 2018 at 15:48hrs | 1440 | by Staff reporter
TOTAL Zimbabwe Limited in $65k corporate fraud scandal
French international oil giant, TOTAL, is facing serious fraud charges at Tredgold Magistrates Court, Bulawayo after allegadly defrauding one of its long time dealers of $65K. TOTAL Zimbabwe Limited r...Published: 17 Nov 2018 at 07:44hrs | 2217 | by Walter Nyabadza
Ginimbi denied bail in $3,5m fraud, money-laundering case
SOCIALITE and businessman Genius Kadungure, popularly known as Ginimbi, was yesterday denied bail by a Harare magistrate in a case in which he is accused of prejudicing Treasury of $3,5 million in a t...Published: 17 Nov 2018 at 06:53hrs | 2280 | by Staff reporter
Opinion: Perspective . . .
SEEING things in perspective has never been more important in Zimbabwe. If we fail to do so, our view of the current problems we are encountering will be distorted and we may all make decisions we lat...Published: 17 Nov 2018 at 06:49hrs | 111 | by Eddie Cross
'Mnangagwa crackdown on money changers futile'
The crackdown on black market currency trading to curb a parallel market blamed for the spike in prices is not enough to address the problem, economists said yesterday.This comes as there has ...Published: 16 Nov 2018 at 12:31hrs | 6429 | by Staff reporter
US dollar taxes loom
Businesses charging goods and services in foreign currency should start paying taxes, particularly value added tax (VAT) in hard currency, according to Zimbabwe Revenue Authority (Zimra) Commissioner ...Published: 16 Nov 2018 at 07:03hrs | 8638 | by Staff reporter
Mthuli Ncube sets privatisation timelines
FINANCE minister Mthuli Ncube has set timelines for the disposal and partial privatisation of a number of state-owned enterprises, as part of a raft of measures to revitalise Zimbabwe's fragile econom...Published: 16 Nov 2018 at 07:02hrs | 4333 | by Staff reporter
Bulawayo gets 'insulting' $1m from Zinara
THE Zimbabwe National Road Administration (Zinara) last month disbursed slightly over $1 million for the rehabilitation of Bulawayo's roads, but city authorities said the money was not enough to finan...Published: 16 Nov 2018 at 06:04hrs | 1280 | by Staff reporter
Bulawayo City Council wants to charge in forex
THE Bulawayo City Council has formulated a policy designed to raise foreign currency through giving a 50 percent discount to individuals who pay bills in United States dollars after service providers ...Published: 16 Nov 2018 at 05:35hrs | 1701 | by Staff reporter
Mwonzora prepared for the worst
Abridged comments by MDC Secretary General Douglas Mwonzora on Thursday morning about the Motlanthe Commission of Inquiry and comments made by security chiefs:There are certain statements that...Published: 15 Nov 2018 at 18:04hrs | 5649 | by zimlive
Zimbabweans demand more after Mugabe coup
As the country marks exactly a year since the military rose up against former president Robert Mugabe by way of a popular coup, long-suffering Zimbabweans say they want President Emmerson Mnangagwa an...Published: 15 Nov 2018 at 13:04hrs | 1599 | by Staff reporter
Illicit trade in foreign currency must cease
Recent action by government in which it imposed 10-year custodial sentences on illegal foreign currency dealers was overdue although more should be done to exterminate the practice completely....Published: 15 Nov 2018 at 12:55hrs | 1299 | by Staff reporter
Mnangagwa proposes more tough austerity measures
President Emmerson Mnangagwa has said there is no going back on his unpopular new tax on electronic transactions and promised expenditure cuts across government departments.The country introdu...Published: 15 Nov 2018 at 12:54hrs | 1583 | by Staff reporter
MDC's full statement on August 1 killings and the economy
1) Introduction The Movement for Democratic Change has been following political and economic events in the country. Among other ills, we note with concern the unpalatable suffering of the mass...Published: 15 Nov 2018 at 12:52hrs | 2100 | by MDC
A year after Robert Mugabe in Zimbabwe
Zimbabwean politics appear to have changed due to the media reportage of the past twelve months since Robert Mugabe's ouster in the political scene. The question of a new Zimbabwe in the name of the n...Published: 15 Nov 2018 at 12:29hrs | 697 | by Brian Maregedze
A year after Mugabe, hopes for a new Zimbabwe still low
A year since a trio of army generals held former Zimbabwean President Robert Mugabe under house arrest as part of a 10-day military operation that enabled his protege, Emmerson Mnangagwa, to take powe...Published: 15 Nov 2018 at 09:19hrs | 940 | by Aljazeera
Modi invited to India gold summit
THE Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate in the second edition of the India Gold and J...Published: 15 Nov 2018 at 05:49hrs | 595 | by Staff reporter
Government calls rogue pharmacies to order
GOVERNMENT has directed pharmacies to stop demanding foreign currency from patients for drugs which are now available locally through NatPharm. In an interview at the close of the 67th East, C...Published: 15 Nov 2018 at 05:35hrs | 984 | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 2988 | by newZwire with The Source
Air Zimbabwe rot exposed
An audit report on the operations of the Air Zimbabwe (Private) Limited has unearthed massive unaccounted leakages of funds that could have prejudiced the parastatal of millions of dollars.Acc...Published: 14 Nov 2018 at 13:37hrs | 1791 | by Staff reporter
Mnangagwa's govt and Zimbabwe banks should carry own cross
If there is anything that we could learn from the global economic crisis of 2008, it is that excessive risk-taking, manipulation and poor hedging often result in huge enterprise and economic losses. T...Published: 14 Nov 2018 at 09:39hrs | 2443 | by Equity Axis
'I have Thatcher's iron lady resolve,' says ED - rigged election for iron grip on power, must prise free
"WHEN Margaret Thatcher was elected UK prime minister in 1979, she recognised that piecemeal change would not be sufficient to tackle the problems of labour unrest, rampant inflation and economic stag...Published: 14 Nov 2018 at 09:05hrs | 1372 | by Patrick Guramatunhu
WATCH: Air Zimbabwe - The World's Most Dangerous Airline?
Aviation blogger Sam Chui's journey around the world reviewing airlines took him to Zimbabwe.Chui discovered a very Zimbabwean tradition: "burning money". By changing his valuable United State...Published: 14 Nov 2018 at 07:58hrs | 2994 | by youtube
Mnangagwa says accept 'painful' economic reforms
PRESIDENT Mnangagwa says Zimbabwe will undergo a "painful" reform process to achieve transformation and modernisation of the economy. Government has already begun implementing some austerity m...Published: 14 Nov 2018 at 05:45hrs | 677 | by Staff reporter
We have no choice, but to embark on painful reforms
When Margaret Thatcher was elected UK prime minister in 1979, she recognised that piecemeal change would not be sufficient to tackle the problems of labour unrest, rampant inflation and economic stagn...Published: 14 Nov 2018 at 05:39hrs | 411 | by E.D. Mnangagwa President
No going back on austerity measures, says Mnangagwa
President Mnangagwa says Zimbabwe will undergo a "painful" reform process to achieve transformation and modernisation of the economy. Government is already implementing austerity measures and ...Published: 14 Nov 2018 at 05:33hrs | 495 | by Staff reporter
'ZAPU still regarded a terrorist organisation'
Opposition political party, Zapu is still regarded as terrorist organisation decades after the party assisted the country in attaining its independence.The party was not delisted as a terroris...Published: 13 Nov 2018 at 17:09hrs | 1623 | by Lulu Brenda Harris
Zimbabwe inflation hits the 20.8% mark, RBZ targets 7%
Zimbabwe's annual inflation rose sharply to a record 20.8 percent in October after it gained 15.46 percentage points from the September rate of 5.39 percent. The Consumer Price Index (CPI) for...Published: 13 Nov 2018 at 16:03hrs | 1522 | by Staff reporter
Please consider the plight of pensioners
Dear, There is urgent need for the government to seriously consider the plight of pensioners most of whom are now very old, frail and ill. These pensioners are getting peanuts if not nothing f...Published: 13 Nov 2018 at 13:33hrs | 1515 | by Munya Shumba
Industrial action against Mthuli Ncube looming
Air Zimbabwe has been allowed by the cabinet of President ED Mnangagwa to charge its clients (especially diasporas) in foreign currency. The confused minister in charge of Air Zimbabwe Joel Biggie Mat...Published: 13 Nov 2018 at 11:50hrs | 3411 | by Don Chigumba
Ncube needs consistency
Finance minister Mthuli Ncube will present his maiden National Budget next week Thursday against a background of huge economic challenges and public expectation that he is the man to help Zimbabwe out...Published: 13 Nov 2018 at 11:28hrs | 2182 | by Staff reporter
Mnangagwa tightens noose on cash barons
CASH barons who have been accused of fuelling parallel market currency rates and a raft of other economic ills will now face up to two years in prison if they fail to explain the source of their wealt...Published: 13 Nov 2018 at 06:15hrs | 4196 | by Staff reporter
Settling land compensation issue vital for Zimbabwe's economy
IN his inaugural address, the new President of Zimbabwe, Emmerson Mnangagwa, confirmed that land reform was both historically necessary and irreversible.He also made a commitment to compensate...Published: 13 Nov 2018 at 06:09hrs | 293 | by Ian Scoones
Harare owes Ken Sharpe over $23 million
BUSINESS magnate Ken Sharpe and his Augur Investment yesterday claimed that they were owed over $23 million by the Harare City Council.This followed reports that the Zimbabwe Anti-Corruption C...Published: 13 Nov 2018 at 06:04hrs | 1455 | by Staff reporter
Plea to exempt cotton farmers from 2% tax
THE Cotton Company of Zimbabwe (Cottco) has proposed that cotton farmers be exempted from the 2% tax on electronic transactions as well as from the 10% withholding tax to help them build capacity....Published: 13 Nov 2018 at 06:01hrs | 151 | by staff reporter
Miners to retain 55% export earnings
THE Reserve Bank of Zimbabwe (RBZ) has agreed to increase large scale miners' retention of foreign currency from mineral exports to 55 percent to allow them to cover production costs. Recently...Published: 13 Nov 2018 at 05:52hrs | 331 | by Staff reporter
The tale of two societies
Legislation is being put in place as l write this to convict illegal money changers for up to 10 years in prison.One would thing our government has just woken up to discover there are now economy sabo...Published: 12 Nov 2018 at 19:08hrs | 1485 | by AT Kadada
Beer price back to normal
Beer price which had more than doubled over the past weeks has normalised, while charges for other beverages have also significantly come down.A pint of beer had shot up to $5 owing to panic b...Published: 12 Nov 2018 at 18:19hrs | 5326 | by Staff reporter
1 year after Mugabe fall, Zimbabwe asks 'What has changed?'
One year ago the unthinkable happened in Zimbabwe: Robert Mugabe fell from power.Tanks rolled in the streets of the capital, Harare, on November 14, 2017, and the military put Mugabe under hou...Published: 12 Nov 2018 at 14:25hrs | 1952 | by AP
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