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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: 8 hrs ago | 1085 | by Staff reporter
Mnangagwa likens himself to Margaret Thatcher
President Emmerson Mnangagwa has equated himself and his rise to power as equivalent to that of the late British Premier Margaret Thatcher who was popularly know as The Iron Lady. Writing...Published: 8 hrs ago | 2144 | by Mandla Ndlovu
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: 11 hrs ago | 1293 | by Munya Shumba
'Arrest Mangudya now for $1billion loot' whistleblower demands
Whistleblower Prisca Mutema has heightened her call for President Emerson Mnangagwa , Finance minister Mthuli Ncube and General Constantino Chiwenga to probe Reserve Bank Governor John Panonetsa Mangu...Published: 12 hrs ago | 5489 | by Mandla Ndlovu
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: 12 hrs ago | 2812 | 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 hrs ago | 1677 | by Staff reporter
Ahoy! MPs' allowances to be slashed
Members of Parliament are to get their sitting allowance cut in an attempt to reduce the public wage bill.The MPs' $75 per sitting pay will be slashed, although their salaries will remain unch...Published: 13 hrs ago | 1803 | by Staff reporter
War vets corner Mnangagwa over Obert Mpofu
Veterans of the country's liberation struggle last Saturday met with President Emmerson Mnangagwa and demanded that he fires Zanu-PF's secretary administration Obert Mpofu who they allege faces a lita...Published: 18 hrs ago | 5037 | by Staff reporter
Zimbabwe receives $3,6 million grant to fight cyber crime
ZIMBABWE yesterday received a $3,6 million grant from Japan to help fight cybercrime.Finance minister Mthuli Ncube said the grant for procurement of cyber security equipment, deepened the bila...Published: 18 hrs ago | 226 | 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: 18 hrs ago | 251 | by Ian Scoones
'Allow community to benefit from diamonds'
MANICALAND Provincial Affairs minister Ellen Gwaradzimba has alleged looting of diamonds by previous miners at Chiadzwa diamond fields and challenged the Zimbabwe Consolidated Diamond Company (ZCDC), ...Published: 18 hrs ago | 160 | by Staff reporter
Acie Lumumba turns ZACC informer?
Embattled Whistleblower William Mutumanje (Acie Lumumba) is reportedly working with the Zimbabwe Anti-Corruption Commission (ZACC) investigators in closing the net on suspected criminals a...Published: 18 hrs ago | 1681 | by Mandla Ndlovu
2% tax derails industrial production
ZIMBABWE Congress of Trade Unions western region chairman Ambrose Sibindi has said since the announcement of the 2% tax by Finance minister Mthuli Ncube last month, many industries in Bulawayo have sc...Published: 18 hrs ago | 228 | by Staff reporter
A human life over debt arrears
ON Saturday, Chalton Hwende, deputy treasurer-general of the MDC Alliance confirmed an attempted abduction of the party's president, Nelson Chamisa after a 'thank you' rally for their supporters at Ru...Published: 18 hrs ago | 385 | by Pearl Matibe
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: 18 hrs ago | 252 | by Staff reporter
Mthuli Ncube trims monthly fiscal budget deficit
TREASURY has scored excellent progress in trimming monthly fiscal budget deficit as part of Government's economic reform agenda with September 2018 deficit reduced to $19 million against a target of $...Published: 18 hrs ago | 618 | by Staff reporter
Japan supports Zimbabwe in cybercrime fight
Japan is set to extend grant aid of $3,6 million (390 million yen) to Zimbabwe for the provision of cyber security equipment. The equipment will be used by the Zimbabwe Republic Police in conj...Published: 18 hrs ago | 124 | by Staff reporter
Auditor-General raps Treasury
Auditor-General Ms Mildred Chiri has rapped Treasury for failing to account for 1 200 computers worth $1,1 million donated by development partners and to properly record Government indebtedness, there...Published: 19 hrs ago | 250 | by Staff reporter
$4bn platinum project to start
KARO RESOURCES yesterday said it will kick off activities on its $4,2 billion platinum investment project in Mhondoro-Ngezi in the next few weeks by carrying out geophysics, and flying over the area a...Published: 19 hrs ago | 284 | by Staff reporter
Supply, price of commodities normalise
Interventions by the government to normalise the supply of goods especially fuel and basic commodities are bearing fruit as fuel queues have disappeared with supermarkets shelves filled to the brim an...Published: 12 Nov 2018 at 18:17hrs | 5081 | by Staff reporter
5 Important steps to take when starting your own gym
When you reach your own optimum level of fitness, it's only natural to want to share you working out expertise with others. You have two options when following this calling in life: you could become a...Published: 12 Nov 2018 at 14:28hrs | 963 | by Sports Reporter
PICTURES: Establishment of new Zibalongwe Secondary school
THE 2017 - 2018 ANNUAL ZSP COMMUNITY PICTORIAL REPORT ON THE ESTABLISHMENT OF THE NEW ZIBALONGWE SECONDARY SCHOOL, by THE LOCAL COMMUNITY IN TSHOLOTSHO, ZIMBABWE.The above classroom block is t...Published: 12 Nov 2018 at 14:18hrs | 984 | by Zibalongwe Secondary
Zimbabwe teachers take salary fight to IMF
The Progressive Teachers Union of Zimbabwe will be meeting the International Monetary fund five-member mission on Tuesday to Zimbabwe to discuss labour issues.In a letter written by IMF's Beat...Published: 12 Nov 2018 at 13:47hrs | 2242 | by Mandla Ndlovu
Tsholotsho community build own Zibalongwe Secondary School
BACKGROUND TO THE ZIBALONGWE SECONDARY SCHOOL PROJECTTsholotsho rural district residents at large face serious life challenges which include poverty, crime, unemployment, and a huge number of tee...Published: 12 Nov 2018 at 16:25hrs | 943 | by Staf reporter
Zimbabwe economic pain not being shared
Finance minister Mthuli Ncube's recent confirmation that government will soon buy vehicles for parliamentarians exposes government's insincerity in tackling its ballooning budget deficit.It al...Published: 12 Nov 2018 at 10:51hrs | 3384 | by Staff reporter
'Mthuli Ncube's 2c tax unsustainable'
Industry says the controversial Intermediary Money Transfer Tax should be amended in the upcoming 2019 National Budget to improve the ease of doing business in the country.The Confederation of...Published: 12 Nov 2018 at 10:14hrs | 2505 | by Staff reporter
Zimbabwe's economic recovery is possible but whilst the country remains a pariah state, it is IMPOSSIBLE!
"AfDB President, Akinwumi Adesina, told journalists in Johannesburg this week that while Zimbabwe is making progress, its economy and relations with lenders are still a way from being repaired," repor...Published: 12 Nov 2018 at 06:46hrs | 1077 | by Nomusa Garikai
Mthuli Ncube under fire
Finance minister Mthuli Ncube has come under heavy fire after signalling his intention to acquire vehicles for the country's lawmakers as well as paying the thirteenth cheque for government's 550 000 ...Published: 12 Nov 2018 at 05:57hrs | 5239 | by Staff reporter
30 Chinese investors Zimbabwe bound
A high powered delegation of over 30 Chinese investors from Anhui Province is expected in the country tomorrow to explore the vast investment opportunities available in the various sectors of the econ...Published: 12 Nov 2018 at 05:56hrs | 791 | by Staff reporter
Panic as Mnangagwa targets cash barons' bank accounts
BOGUS businesspersons operating briefcase companies that fed on government tender manipulation and kickbacks to amass wealth are reportedly in panic mode after the State said it would use the Zimbabwe...Published: 12 Nov 2018 at 05:48hrs | 8368 | by Staff reporter
Chiri raises red flag over Zimdef payments
AUDITOR-General Mildred Chiri has raised the red flag over Zimbabwe Manpower Development Fund (Zimdef) finances amounting to almost a million dollars which were used for payment of science technology ...Published: 12 Nov 2018 at 05:46hrs | 1222 | by Staff reporter
Allocate reasonable budget to Parly, begs Mudenda
SPEAKER of the National Assembly Jacob Mudenda has called on the Finance ministry to allocate a reasonable budget to Parliament as well as prioritise the construction of the new Parliament building in...Published: 12 Nov 2018 at 05:39hrs | 97 | by Staff reporter
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 949 | by Eddie Cross
'Diasporans should pay for Air Zimbabwe services in US$'
CABINET has resolved that Zimbabweans living in the diaspora should pay for Air Zimbabwe services in United States dollars, Transport and Infrastructural Development minister Joel Biggie Matiza has sa...Published: 12 Nov 2018 at 05:37hrs | 976 | by Staff reporter
Inflation likely to stabilise, says Mangudya
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says inflation is likely to stabilise around 7% in the medium term.Giving his presentation during the pre-budget seminar in Bulawayo last ...Published: 12 Nov 2018 at 05:33hrs | 798 | by Staff reporter
Enough fuel for festive season, says Minister
ENERGY and Power Development Minister Dr Joram Gumbo has assured the nation of enough fuel supplies during the forthcoming festive season. In an interview on the sidelines of the just ended 20...Published: 12 Nov 2018 at 05:28hrs | 173 | by Staff reporter
Govt seeks investor for Air Zimbabwe
GOVERNMENT will this week float a tender for Air Zimbabwe seeking an investor to turnaround the fortunes of the troubled national airline. Speaking at the just ended 2019 pre-budget seminar in...Published: 12 Nov 2018 at 05:26hrs | 189 | by Staff reporter
Zanu-PF bigwigs throng Harare court
It was an extraordinary week at the Harare Magistrates' Courts that saw four high-profile figures appearing in court on the same day, facing various charges.It was therefore a hive of activity...Published: 11 Nov 2018 at 16:30hrs | 2397 | by Staff reporter
Forex shortages cripple cooking oil maker
Surface Wilmar, the country's largest cooking oil manufacturer, says it owes its external suppliers US$22 million because of acute foreign currency shortages locally.The revelations were made ...Published: 11 Nov 2018 at 12:24hrs | 562 | by Staff reporter
All eyes on Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube's maiden national budget should target the revival of the productive sectors of the economy to set the tone for revival, business has advised....Published: 11 Nov 2018 at 12:24hrs | 1226 | by Staff reporter
Questions Mthuli Ncube won't answer
With the economy in a tailspin, Finance minister Mthuli Ncube's role has become ever so important, but instead of being accessible, he has shied away from the media.In the past few weeks, his ...Published: 11 Nov 2018 at 12:10hrs | 1019 | by Staff reporter
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | 1110 | by Bloomberg
SA scraps 54-year-old bilateral trade agreement with Zimbabwean
Fears of significant job losses in the textiles and clothing sector have arisen after Archer Clothing in Bulawayo laid off 200 workers following South Africa's decision to scrap a 54-year-old bilatera...Published: 11 Nov 2018 at 09:25hrs | 1762 | by Staff reporter
Mthuli screwing Zimbabweans but assures MPs vehicles
Finance minister Mthuli Ncube has promised to buy vehicles for parliamentarians, although there are still deliberations over the modalities."I am on the side of making sure that you get your v...Published: 10 Nov 2018 at 16:47hrs | 3335 | by Staff reporter
Mnangagwa's govt sabotage teachers' march
Teachers have accused government of sabotaging their march after some headmasters were reportedly directed to hold compulsory meetings with teachers yesterday afternoon to deter them from protesting o...Published: 10 Nov 2018 at 11:50hrs | 2961 | by Staff reporter
Gweru mayor rejects $150,000 Mercedes Benz
Gweru Mayor Josiah Makombe has rejected a $150 000 Mercedes Benz earmarked for him as an official vehicle and also vowed to block plans to buy top-of-the-range vehicles for the city's top six director...Published: 10 Nov 2018 at 11:14hrs | 1248 | by Staff reporter
'2019 budget deficit will be 4% of GDP'
FINANCE minister Mthuli Ncube has indicated that the 2019 national budget would reduce budget deficit to 4% of gross domestic product (GDP) in 2019, and subsequently to 2,4% in the following year....Published: 10 Nov 2018 at 11:04hrs | 1475 | by Staff reporter
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 144 | by Staff reporter
Mnangagwa fight against corruption is real
This week saw an unprecedented number of high-profile individuals appearing before our courts of law in connection with corruption, giving momentum to Government's fight against graft. Given t...Published: 10 Nov 2018 at 10:34hrs | 647 | by Nick Mangwana
Tax rebate for job creators
GOVERNMENT is planning to introduce a tax rebate for companies that create additional jobs as part of broader fiscal policy measures aimed at stimulating the economy towards an upper middle-class stat...Published: 10 Nov 2018 at 10:32hrs | 238 | by Staf reporter
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