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Wicknell's Intratrek returns to Gwanda solar power site
Intratrek Zimbabwe has returned to the Gwanda solar power plant site after the High Court in June ordered ZESA subsidiary, the Zimbabwe Power Company (ZPC), to work with the renewable energy company t...Published: 6 hrs ago | 1782 | by ZimLive
Mugabe in low-key village send-off
IT was billed to be his historical final homecoming trip, complete with ecstatic crowds lining up the highway, which he travelled on so frequently during his long life.Yet, whether as a result...Published: 6 hrs ago | 2075 | by Staff reporter
Zimbabwe exchange rate Armageddon near
THE Monetary Policy Statement (MPS) released last Friday supplied data which when analysed show that unless drastic measures are taken, our local currency will take a heavy battering in the coming wee...Published: 6 hrs ago | 2168 | by Brett Chulu
Mthuli Ncube should learn a lesson
EVEN though High Court judge Justice Happius Zhou's ruling this week that the 2% intermediated transaction tax imposed by Finance minister Mthuli Ncube under a statutory instrument (SI) last year was ...Published: 6 hrs ago | 1584 | by Editorial - The Independent
ZEC backtracks on decision to charge accreditation in US$
The Zimbabwe Electoral Commission (Zec) has backtracked on its decision to charge journalists, civil society and election observers who want to cover elections and by-elections in US dollars after Tel...Published: 6 hrs ago | 75 | by Staff reporter
Mnangagwa to meet business on price hikes
President Mnangagwa says he will meet the business sector in a spirited effort to find ways of arresting business practices causing unprecedented consumer price hikes. Addressing the nat...Published: 7 hrs ago | 187 | by Staff reporter
Mnangagwa's 'witch-hunt' against opponents
On September 8, Zimbabwean union activist Dr Peter Magombeyi claimed he was receiving "death threats". Six days later he disappeared. His last WhatsApp message said: "I have been kidnapped by 3 men."...Published: 19 hrs ago | 1397 | by AFP
Zanu-PF official threatens to expose cash barons
Zanu-PF youth league deputy secretary Lewis Matutu has threatened to expose the name of two prominent individuals behind the spiraling exchange rate betwe...Published: 22 hrs ago | 4708 | by Staff Reporter
ZIMRA CORRECTION: 'Tax-free threshold now $3500'
AS A MATTER OF FACT: CORRECTION OF POSSIBLE MISINTERPRETATION THAT MAY ARISE FROM THE ARTICLE PUBLISHED BY THE HERALD IN THE 20 SEPTEMBER 2019 ISSUE ON PAGE ONE TITLED...Published: 24 hrs ago | 3792 | by Zimra
Queen B's accounts frozen by RBZ
The Reserve Bank of Zimbabwe has frozen bank accounts belonging to the biggest fuel supplier, as well as the largest car dealership, in what is believed to be efforts to stabilise a plunging currency....Published: 20 Sep 2019 at 14:35hrs | 5210 | by Staff Reporter
Zesa reports $4bn exchange losses since February
Power utility ZESA Holdings yesterday revealed that it had incurred exchange losses of up to $4 billion since February, when the central bank liberalised the exchange rate.The Reserve Bank of ...Published: 20 Sep 2019 at 08:33hrs | 456 | by Staff reporter
Minister in plot to scuttle NRZ deal
TRANSPORT minister Biggie Matiza is reportedly manoeuvring to smuggle through the backdoor a Dubai-based firm into the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation deal, despite...Published: 20 Sep 2019 at 08:22hrs | 750 | by Staff reporter
Black market running amok
Claims by under-pressure Finance minister Mthuli Ncube that his much-criticised policies will start bearing fruit towards the end of the year look increasingly nonsensical, as the wobbly Zimbabwe doll...Published: 20 Sep 2019 at 08:21hrs | 2369 | by Staff reporter
'Mbanje licensing cumbersome'
THE country could lose out on the multi-billion dollar global medical cannabis revolution due to cumbersome licensing conditions set by the Ministry of Health and Child Care, an official has said. ...Published: 20 Sep 2019 at 07:52hrs | 225 | by Staff reporter
Tax free threshold increased
GOVERNMENT has extended a huge lifeline to employees after increasing the tax-free threshold to $3 500 with effect from August 1, 2019, in order to improve disposable incomes in the face of price incr...Published: 20 Sep 2019 at 07:43hrs | 1110 | by Staff reporter
Zimbabwe to set up billion dollar oil, gas refinery
A US$1 billion oil and gas refinery is to be set up in Zimbabwe to complement Government's efforts in finding a long-term solution to high fuel prices, ballooning fuel bill and shortages.Zueth...Published: 19 Sep 2019 at 18:40hrs | 3539 | by Staff reporter
Harare gets financial lifeline, what about Bulawayo Prpf Mthuli Ncube
The Zimbabwe government on Thursday released 37.4 million Zimbabwe dollars (about 3.1 million U.S. dollars) to the City of Harare as a short-term intervention to help it improve service delivery whils...Published: 19 Sep 2019 at 18:05hrs | 2472 | by Staff reporter
Cyclone Idai food donations rotting in warehouses
Food items worth thousands of dollars donated to Cyclone Idai victims are rotting in warehouses in Chimanimani East and it is unclear why they have not been handed over to the intended beneficiaries....Published: 19 Sep 2019 at 15:36hrs | 500 | by Staff reporter
Heavy winds destroy 2 top schools
Heavy winds destroyed infrastructure worth thousands of dollars at two top schools in Wedza, Mashonaland East province, at the weekend, an official said yesterday.The Anglican-run Mt St Mary's...Published: 19 Sep 2019 at 08:07hrs | 1405 | by Staff reporter
Mthuli Ncube's 2% tax to stay despite High Court ruling
High Court Judge Justice Happias Zhou yesterday scrapped Statutory Instrument (SI) 205 of 2018, which enabled Government to levy 2 percent tax on electronic money transactions above $10. The t...Published: 19 Sep 2019 at 07:51hrs | 1470 | by Staff reporter
Zimbabwe teachers to join protesting doctors over abduction
MEMBERS of the Progressive Teachers' Union of Zimbabwe (PTUZ) and the Amalgamated Rural Teachers' Union of Zimbabwe (ARTUZ) have resolved to join doctors who are protesting the abduction of a fellow m...Published: 18 Sep 2019 at 20:42hrs | 7458 | by newzimbabwe
Mnangagwa pisses on the graves of Provincial and District Heroes Acres
I was recently at the Harare Provincial Heroes Acre to put flowers on the grave of one of my relatives and what I saw shocked me. There was a half drunk middle aged gentleman casually urinating on the...Published: 18 Sep 2019 at 16:36hrs | 3458 | by Zororo Shumba
Mugabe The Legacy
Born 21 February 1924 in Kutama Zvimba to Bona a catechist and Gabriel a carpenter no one would have thought that such a humble family would raise up an astute Pan-Africanist, Robert Gabriel Mugabe....Published: 18 Sep 2019 at 16:33hrs | 1022 | by Daniel Itai
New Zimdollar the worst-performing currency in the world
If you thought Argentina's currency crisis was bad, spare a thought for Zimbabwe.Measures to protect the Zimbabwe dollar - including sky-high interest rates - seem to be coming to naught....Published: 18 Sep 2019 at 11:41hrs | 2851 | by Bloomberg
Churches lose confidence in Mnangagwa economic policies
The Zimbabwe Heads of Christian Denominations (ZHOCD) yesterday said they have lost confidence in the current economic reforms being implemented by President Emmerson Mnangagwa administration amid a d...Published: 18 Sep 2019 at 11:15hrs | 1665 | by Staff reporter
Mthuli Ncube a failure, says Coltart
MDC Alliance treasure general and former education Minister has laid into Finance minister Mthuli Ncube describing him as an academic minister with no political constituency and pandering to the whims...Published: 18 Sep 2019 at 10:45hrs | 3048 | by Staff Reporter
In Zimbabwe, surviving means improvising, and some luck
In crisis-stricken Zimbabwe, where prices are soaring, the local dollar is plummeting and time is always short, even a trip to the gas station can be an adventure in the struggle to survive.Fi...Published: 18 Sep 2019 at 08:40hrs | 678 | by AFP
Abuse of mobile money platforms symptomatic of a failed currency regime
IT is a good thing that the Zimbabwe Anti-Corruption Corruption (Zacc) has finally taken interest in the stinking corruption that has been going on through some mobile money platforms on which members...Published: 18 Sep 2019 at 08:26hrs | 345 | by Editorial - Newsday
RBZ introduces US dollar savings bond
The Reserve Bank of Zimbabwe (RBZ) has brought to the market a United States dollar-denominated savings bond with an interest rate of 7,5 percent per annum to promote a savings culture among Zimbabwea...Published: 18 Sep 2019 at 07:44hrs | 3019 | by Staff reporter
Govt pisses on the graves over Mugabe
I was recently at the Harare Provincial Heroes Acre to put flowers on the grave of one of my relatives and what I saw shocked me. There was a half drunk middle aged gentleman casually urinating on the...Published: 17 Sep 2019 at 12:24hrs | 4250 | by Zororo Shumba
Tendai Biti led team queries 'rogue' RBZ payments
Parliament yesterday slammed the Reserve Bank of Zimbabwe (RBZ) for carrying out quasi fiscal activities outside its mandate and using taxpayers and pensioners' money to fund government activities....Published: 17 Sep 2019 at 11:01hrs | 1056 | by Staff reporter
Harare house burns with US$200 000 inside
The Zimbabwe Republic Police says a Harare house was burnt to ashes with money valued at US$200 000 inside. Posting on Twitter the ZRP account said Police are investigating circumstances surro...Published: 17 Sep 2019 at 09:41hrs | 4736 | by Mandla Ndlovu
Zimbabwe inflation 'slows' again
The month-on-month inflation rate for August 2019 slowed to 18,07 percent after shedding 2,97 percentage points on July's 21,04 percent. According to the Zimbabwe National Statistics Agency, (...Published: 17 Sep 2019 at 08:24hrs | 352 | by Staff reporter
'Mangudya's monetary measures hollow'
A cocktail of measures unveiled by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya in his midterm monetary policy statement fall short of stimulating economic growth and market confidence as the...Published: 17 Sep 2019 at 08:14hrs | 379 | by Staff reporter
Econet buys lithium-ion batteries from Tesla
Zimbabwe's biggest telecommunications company, Econet Wireless, has turned to lithium-ion batteries to power its base stations in the wake of incessant power shortages currently rocking the country....Published: 17 Sep 2019 at 08:13hrs | 666 | by Staff reporter
Mnangagwa heartless
Dear EditorIt saddens me to see that E.D. Mnangagwa has seen it fit to spend over $25 million dollars on a corpse. Tax payers money was spent on chartering a plane for the delegation that went...Published: 17 Sep 2019 at 01:14hrs | 6327 | by Vusa Sigola
RBZ explains exchange rate depreciation
THE depreciation of the Zimbabwe dollar against the United States dollar and other currencies in recent weeks is as a result of the closure of the tobacco marketing season which is a major foreign cur...Published: 17 Sep 2019 at 00:53hrs | 2194 | by Staff reporter
Fuel price hike expected in Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) is expected to increase petrol and diesel prices after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the US ha...Published: 16 Sep 2019 at 07:18hrs | 4436 | by Staff reporter
Record spike in oil price after shock drone attacks on Saudi oil
Oil surged along with gold and Treasury futures after a strike on the heart of Saudi Arabia's oil production increased geopolitical risk concerns. U.S. and European equity futures declined, while shar...Published: 16 Sep 2019 at 07:07hrs | 1148 | by Bloomberg
Zimbabwe govt expenditure problem
The Zimbabwe Government has a constitution which should control expenditure to avoid haphazard uses of funds, treasury instructions for accounting purposes and the auditor general for checks and balan...Published: 15 Sep 2019 at 21:39hrs | 752 | by Clemen Moyo ka Mangena
Doctors strike calls for urgent attention
The death of Robert Mugabe has taken the nation's focus away from very pressing issues, among them the strike by doctors at public hospitals.Doctors went on strike almost two weeks ago after f...Published: 15 Sep 2019 at 08:04hrs | 2339 | by Staff reporter
City women face sex abuse in Zupco buses
When Zimbabwe's government started running a bus system earlier this year with fares on average one-third lower than those of private bus companies, Thandekile Gama was excited.The 33-year-old...Published: 15 Sep 2019 at 08:03hrs | 7821 | by Thompson Reuters Foundation
Zimbabwe nears SA industry loans deal
Zimbabwe is closer to sealing over half a billion US dollar syndicated loan package with South African banks to support the private sector, amid revelations Treasury is now finalising the insurance gu...Published: 15 Sep 2019 at 07:40hrs | 360 | by Staff reporter
Zimbabweans now living in extreme poverty as economy declines
With Zimbabwe's economy all but confirmed to contract by at least 8% in the year 2019, households are feeling the heat as poverty levels surge at alarming levels. Zimbabwe's last recession cycle occur...Published: 14 Sep 2019 at 20:32hrs | 1304 | by Victor Bhoroma
7 run through fire to escape inferno
ABOUT seven people, including a seven-year-old child, ran through a raging fire to escape unscathed when a government house went up in flames in Beitbridge on Thursday night.The fire, which is...Published: 14 Sep 2019 at 13:03hrs | 1158 | by Staff reporter
Mugabe coup announcer pleads for international support to spur reforms
Zimbabwe is serious about pursuing political and economic reforms and deserves international support, foreign minister Sibusiso Moyo said on Friday.President Emmerson Mnangagwa promised a diff...Published: 14 Sep 2019 at 08:39hrs | 716 | by Reuters
RBZ to address cash shortage
The Reserve Bank of Zimbabwe (RBZ) plans to increase the amount of physical cash in circulation after realising that some critical sectors of the economy such as the informal sector, senior citizens a...Published: 14 Sep 2019 at 08:08hrs | 1337 | by Staff reporter
Zimbabwe hikes interest rate to 70% to help plummeting currency
Zimbabwe's central bank raised its main interest rate to 70% to stabilize a plummeting currency and rein in surging inflation.The decision is the first by the southern African nation's Monetar...Published: 13 Sep 2019 at 22:02hrs | 2768 | by Bloomberg
Let's be fair to Mugabe deeply flawed as he was
The death of Robert Mugabe, the only Executive Prime Minister and only Executive President that Zimbabwe had known since independence in 1980 until 2017 - all of 37 years - has shown that he was not a...Published: 13 Sep 2019 at 21:41hrs | 1288 | by Conway Tutani
Zimbabwe faces serious turbulence
THE quasi Zimbabwe currency this week weakened against the United States dollar as the authorities struggle to defend the value of the domestic currency. The local currency, which was trading at ZW$11...Published: 13 Sep 2019 at 07:47hrs | 1898 | by Economic Global Capital
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