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Zimondi sucked into prisons poultry scam
ZIMBABWE Prisons and Correctional Services (ZPCS) Commissioner-General Paradzai Zimondi has been sucked into a poultry scam after it was revealed in court yesterday that he allegedly recommended engag...Published: 4 hrs ago | 663 | by Staff reporter
RBZ maintains $300 bank withdrawal limits
RESERVE Bank of Zimbabwe (RBZ) governor, John Mangudya remains tight-lipped on cash withdrawal limits by individual depositors in a Monetary policy statement in which he reported declining inflation a...Published: 10 hrs ago | 3085 | by newzimbabwe
RBZ, industry disagree on de-dollarisation
The Reserve Bank of Zimbabwe (RBZ) and captains of industry on Friday sharply differed on the currency in use in local trading.Government mid-last year outlawed use of multi currencies i...Published: 10 hrs ago | 3935 | by Staff reporter
Kwekwe to name street after Tsvangirai
KWEKWE is mulling naming one of its streets after the late main opposition MDC founding leader, Morgan Tsvangirai, after councillors moved a motion at a recent full council meeting.The develop...Published: 11 hrs ago | 923 | by Staff reporter
Muzenda's house broken into
A CHEEKY thief, who broke into 10 houses, including the late former Vice-President Simon Muzenda's Chishawasha house where he stole a 49-inch television set, appeared before a Harare magistrate yester...Published: 11 hrs ago | 2100 | by Staff reporter
Jailed Kereke appointed prisons adviser
HARARE court yesterday heard that Zimbabwe Prisons and Correctional Services (ZPCS) Commissioner-General Paradzai Zimondi facilitated the appointment of former Reserve Bank top official and convicted ...Published: 11 hrs ago | 2093 | by Staff reporter
Decent salaries guarantee stability
FOR any economy to develop, there is need for stability in the country, and stability can only be realised when people are able to put food on the table. But as the Zimbabwean economy continues on a d...Published: 11 hrs ago | 723 | by Staff reporter
5 years to full de-dollarisation
THE Reserve Bank of Zimbabwe (RBZ) says the country has registered significant progress in embracing the use of the local currency since its adoption in June last year but expects complete de-dollaris...Published: 11 hrs ago | 514 | by Staff reporter
RBZ eyes on cash oligarchs
THE Reserve Bank of Zimbabwe (RBZ) says it will use various open market operation tools to deal with uneven distribution of money in the economy amid indications 50 percent of total bank deposits are ...Published: 11 hrs ago | 420 | by Staff reporter
Zimbabwe de-dollarisation on track, claims RBZ
Zimbabwe is making progress towards enforcing the use of the Zimbabwe dollar as the sole legal tender, after 189 million transactions valued at $459,6 billion were completed using local currency last ...Published: 11 hrs ago | 231 | by Staff reporter
Forex retention thresholds deterring production
The prevailing foreign currency retention thresholds to various sectors of the economy are acting ...Published: 17 Feb 2020 at 13:36hrs | 1126 | by Victor Bhoroma
ZCTU plots crippling living wage protests
THE country's largest labour body, the Zimbabwe Congress of Trade Unions (ZCTU), has threatened to roll out mass protests and make life difficult for President Emmerson Mnangagwa's government until it...Published: 17 Feb 2020 at 10:49hrs | 893 | by Staff reporter
The market has redollarised, says Biti
MDC vice-president Tendai Biti (TB), who during the inclusive government era, served as Finance minister speaks to NewsDay (ND) senior reporter Blessed Mhlanga on the failing Zimbabwe dollar and other...Published: 17 Feb 2020 at 10:45hrs | 1901 | by Staff reporter
PHOTO: Tagwirei visits Mnangagwa
A photo of embattled business tycoon Kuda Tagwirei with President Emmerson Mnangagwa has surfaced on the internet. The photo shows Tagwirei at what looks like Mnangagwa's office and he is hold...Published: 17 Feb 2020 at 08:25hrs | 15691 | by Mandla Ndlovu
Teachers demand US dollars from parents
Parents and guardians who are being forced by teachers to pay for extra lessons, chair bags and other demands in foreign currency outside what has been officially approved must report to the Ministry ...Published: 17 Feb 2020 at 06:02hrs | 521 | by Staff reporter
Zimbabwe recession deeper than thought?
Nyasha Mutseyekwa, a minivan transporter in Zimbabwe's capital Harare, cannot afford new tyres for his ramshackle kombi, selling at US$45 for a good second hand.Whether he opted to pay in US c...Published: 16 Feb 2020 at 17:35hrs | 902 | by Staff reporter
Zimbabwe Industry capacity utilisation to fall to 27%
The Confederation of Zimbabwe Industries (CZI) has projected that industry's capacity utilisation will fall to 27% this year if the government does not change its policy direction.According to...Published: 16 Feb 2020 at 08:44hrs | 187 | by Staff reporter
'Zimbabwe's economy most vulnerable in the region'
ZIMBABWE'S economy is vulnerable, with its growth trends now 2% below the average of sub-Saharan Africa's economic expansion, partly due to exchange rate misalignment, volatile weather patterns, and u...Published: 16 Feb 2020 at 08:43hrs | 221 | by Staff reporter
Mnangagwa's govt mobilises $105m for student loans
Government has mobilised $105 million to be accessed as loans by students in tertiary institutions.The loan scheme, which was recently reviewed by removing stringent conditions and introducing...Published: 16 Feb 2020 at 08:36hrs | 199 | by Staff reporter
Government injects $105m for student loans
Government has mobilised $105 million to be accessed as loans by students in tertiary institutions.The loan scheme, which was recently reviewed by removing stringent conditions and introducing...Published: 16 Feb 2020 at 08:34hrs | 186 | by Staff Reporter
Egodini contract to be scrapped
Bulawayo City Council will next month be forced to cancel the multi-million dollar Egodini Bus Terminus rehabilitation tender as it is highly unlikely that the contractor, Terracotta Trading Company w...Published: 16 Feb 2020 at 08:33hrs | 795 | by Staff reporter
Priority shifts to investigations, asset recovery
The commission has so far this year received more than 60 reports of suspected corruption.The reports were received through walk-in clients, by telephone, through letters, email and use of soc...Published: 16 Feb 2020 at 08:32hrs | 90 | by Comm John Makamure
ZACC, NPA cranks up machinery for assets recovery
The National Prosecuting Authority (NPA) and the Zimbabwe Anti-Corruption Commission (ZACC) are presently constituting and resourcing units expected to lead efforts of recovering money and properties ...Published: 16 Feb 2020 at 08:31hrs | 105 | by Staff reporter
Monetary policy to focus on rate stability
The exchange rate and its implications on inflation or price hikes is probably the most closely monitored economic factor in Zimbabwe right now, and that is for a very good reason.If one...Published: 16 Feb 2020 at 08:31hrs | 299 | by Staff reporter
'Plug holes in Zupco system'
THE Passenger Association of Zimbabwe (PAZ), an association representing the commuting public, is not impressed with the goings-on at the Zimbabwe United Passenger Company (Zupco) and is demanding act...Published: 16 Feb 2020 at 08:30hrs | 260 | by Staff reporter
Mnangagwa tells Zimbabweans not to panic
Zimbabweans do not need to panic as authorities are taking precautionary measures to prevent the spread of coronavirus (COVID-19) into the country, while authorities in China have the situation under ...Published: 16 Feb 2020 at 08:28hrs | 291 | by Staff reporter
Coronavirus: Don't panic, says Mnangagwa
Zimbabweans do not need to panic as authorities are taking precautionary measures to prevent the spread of coronavirus (COVID-19) into the country, while authorities in China have the situation under ...Published: 16 Feb 2020 at 08:11hrs | 346 | by Staff Reporter
Chamisa clearly learnt nothing from Tsvangirai
Today marks the second anniversary of the death of one of Zimbabwe's political heavy-hitters, Morgan Richard Tsvangirai, hate him or love him the man left a formidable mark on the country's political ...Published: 15 Feb 2020 at 15:43hrs | 1602 | by Charles Motsi
Living minimum wage issue should be taken seriously
IT is quite unfortunate that the salary talks in the Tripartite Negotiating Forum have stalled simply because the parties failed to agree on a minimum wage. The issue of a living minimum wage should b...Published: 15 Feb 2020 at 11:19hrs | 100 | by Staff reporter
Concern over passport fees
Low fees for passports and other related documents at central registry have hampered efficient service delivery, as the department is now overwhelmed by the huge demand from applicants, legislators ha...Published: 15 Feb 2020 at 11:11hrs | 611 | by Staff reporter
ZIFA appeal to COSAFA
ZIFA have made the first steps in trying to mend their strained relations with COSAFA after they paid the US$3 000 appeal fees to challenge the suspension of the national teams from the regional body'...Published: 15 Feb 2020 at 11:09hrs | 73 | by Staff reporter
Defending the Undefendable: The unending list of Zanu Pf apologists
When the Zanu PF Youth league members held a press conference to name and shame people linked to Zimbabwe's economic woes some applauded the move.These were youth leadership members who belong...Published: 14 Feb 2020 at 14:02hrs | 2385 | by A Kadada
Mobile banking, FinTech services under threat as critical upgrade costs soar
Digital mobile banking in Zimbabwe has matured beyond the proof-of-concept stage into mainstream adoption where it is servicing millions, driving local transaction volumes and furthering financial inc...Published: 14 Feb 2020 at 12:14hrs | 1243 | by Agencies
Fresh Zanu-PF factional fights crippling economic recovery
THE factional fights which have erupted yet again in Zanu-PF following the suspension of youth league leaders betrays the ruling party's pre-occupation with power struggles at the expense of an implod...Published: 14 Feb 2020 at 06:52hrs | 1301 | by Staff reporter
Court ruling costs industry US$20bn
ZIMBABWE's industrial and financial sector is estimated to have lost more than US$20 billion following the Supreme Court ruling allowing for the settling of United States dollar debts, acquired before...Published: 14 Feb 2020 at 06:52hrs | 1228 | by Staff reporter
Govt demands $200 top-up for ordinary passports
ALL citizens who paid $53 to get an ordinary passport before the fees were raised to $253, are expected to pay the difference of $200 before their travel documents are processed.This was annou...Published: 14 Feb 2020 at 06:50hrs | 2673 | by Staff reporter
Mnangagwa a tainted legacy
IT is admittedly too early to judge what sort of legacy President Emmerson Mnangagwa will leave when his reign ends.The early signs are, however, worrying and pointing to a disastrous legacy.H...Published: 14 Feb 2020 at 06:48hrs | 515 | by Owen Gagare
R19,2m Zimbabwe contraband intercepted in SA
The South African Police Service (Saps) on Tuesday night intercepted a consignment of Zimbabwean-made Pacific Blue cigarettes and banned skin creams worth about R14,5 million being smuggled into their...Published: 14 Feb 2020 at 06:32hrs | 2692 | by Staff reporter
Zifa to construct upmarket hotel instead of a stadium
ZIFA have embarked on their ambitious project of constructing a multi-million-dollar hotel as part of its promised revenue-generation projects to ensure self-sustainability of the football federation....Published: 14 Feb 2020 at 06:31hrs | 370 | by Staff reporter
Zupco subsidy a red herring, says MPs
FINANCE minister Mthuli Ncube has come under fire from legislators over subsidising mealie-meal at 25% compared to Zupco’s 80% subsidy amid widespread hunger.During a Parliament sitt...Published: 14 Feb 2020 at 06:29hrs | 1159 | by Staff reporter
Deadlock over minimum wage
SALARY talks in the Tripartite Negotiating Forum (TNF) have reportedly stalled after parties failed to agree on a minimum wage, with workers threatening to pull out of the negotiations and declare a s...Published: 14 Feb 2020 at 06:25hrs | 766 | by Staff reporter
Mthuli Ncube backs wage increase calls
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has backed calls for public and private sector wage increases to cushion workers from price escalation linked to foreign currency exc...Published: 14 Feb 2020 at 06:01hrs | 832 | by Staff reportert
Mthuli Ncube to start publishing inflation statistics
Zimbabwe will start publishing year-on-year inflation statistics from this month, with the February 2019 to February 2020 figure expected next month. This follows the building of data on prices in the...Published: 14 Feb 2020 at 05:52hrs | 115 | by Staff reporter
Minister defends new varsity fees
Higher and Tertiary Education, Innovation, Science and Technology Development Minister Professor Amon Murwira yesterday defended state university fees pegged between $3 500 and $5 000 saying they were...Published: 13 Feb 2020 at 07:48hrs | 521 | by Staff reporter
Constitution amendment a reversal of the gains achieved through constitution - ZPP
The Zimbabwe Peace Project has reported that the Constitution of Zimbabwe Amendment (No.2) Bill is largely a reversal of the gains that were achieved thro...Published: 13 Feb 2020 at 06:43hrs | 301 | by Stephen Jakes
This is how Zimbabwe's economy will overcome its hurdles
Zimbabwe's economy will overcome the numerous hurdles which lay before us on the path towards prosperity. These obstacles are patent, and in some cases potent. But with hard work, proper plannin...Published: 12 Feb 2020 at 21:49hrs | 2422 | by Prof Mthuli Ncube
'Zimbabwe's future is exciting' says Mthuli Ncube
Finance and Economic Development Minister Mthuli Ncube has expressed optimism over the economic future of the country saying the government is implementing reforms that will make Zimbabwe exciting. ...Published: 12 Feb 2020 at 16:27hrs | 3969 | by Mandla Ndlovu
Mnangagwa gives cops a salary rise
President Emmerson Mnangagwa's government has increased salaries of members of the police with assistant commissioners expected to get a gross salary of over 7,000 Zimbabwe dollars while the lowest-pa...Published: 12 Feb 2020 at 12:01hrs | 5629 | by Staff reporter
The people using Tsenengamu and Matutu exposed
The excitement caused by the press Statements issued by the former youth league leaders is short-lived and a none event. The behaviour of the youth was not only disgusting but indeed depressing and fl...Published: 12 Feb 2020 at 10:03hrs | 4046 | by Dr Masimba Mavaza
Rushinga elders dance for Auxillia Mnangagwa
The elders of Rushinga in Mashonaland Central province danced in front of Auxillia Mnangagwa after receiving groceries worth thousands of dollars at Chomutukutu primary school in Rushinga yesterday....Published: 12 Feb 2020 at 09:32hrs | 1724 | by Simbarashe Sithole
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