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NSSA to dispose of FML, Turnall stakes
The National Social Security Authority is set to dispose part of its shareholding in First Mutual Holdings Limited and to divest from Turnall Holdings as part of its investment refocus strategy which ...Published: 23 hrs ago | 708 | by Staff reporter
Army-linked Anjin grabs richest diamond claim
AN army-linked miner, Anjin Investments (Pvt) Ltd, grabbed the most lucrative diamond claim in Marange from a firm owned by the government after being relicensed under unclear circumstances, it has em...Published: 15 Jan 2021 at 07:47hrs | 964 | by Kenneth Matimaire
Zimbabwe's agriculture seen recovering despite challenges
ZIMBABWE should enjoy a decent harvest for all crops in the current season due to good rains that have been consistent in the past few weeks, farmers' organisations say.A good harvest for grai...Published: 14 Jan 2021 at 11:48hrs | 360 | by Staff reporter
81% of Zimbabwe's primary schools do not have internet access
81% of primary schools in Zimbabwe have no access to the internet while only 19% have, a status quo that is heavily stalling e-learning programmes in primary schools. This was revealed by the Informat...Published: 13 Jan 2021 at 18:21hrs | 248 | by Staff reporter
How to kill a country
Nearly forty years ago Ian Smith, the Prime Minister of Rhodesia, became the first and only white colonial ruler to break away from the British Crown. He had tired of London's nagging about the subjug...Published: 13 Jan 2021 at 16:49hrs | 2434 | by Samantha Power
Zimbabwe cuts fuel import bill
Latest fuel imports statistics have justified government's move to scrap subsidies, with analysts happy that the development managed to save the country a lot in foreign currency and plugged arbitrage...Published: 13 Jan 2021 at 15:54hrs | 1923 | by Staff reporter
Zimdollar maintains stability after first auction of the year
THE Foreign Currency Auction Trading System resumed activity after the festive season break with the Zimbabwe dollar maintaining stability despite marginally weakening by 0,44 percent from an exchange...Published: 12 Jan 2021 at 17:58hrs | 1614 | by Staff reporter
Forex auction resumes
THE Foreign Currency Auction Trading System resumes today after the festive season break amid expectations the exchange rate will have less pressure as demand for forex is traditionally low during thi...Published: 12 Jan 2021 at 08:38hrs | 321 | by Staff reporter
Gold deliveries slump to lowest since 2014
Gold deliveries slumped to their lowest since 2014 falling 31% in 2020 as the sub sector marked a tumultuous year where the country failed to take advantage of a record rally on the price of the yello...Published: 11 Jan 2021 at 16:07hrs | 352 | by Staff reporter
Varun opens new production line
VARUN Beverages Zimbabwe Private Limited (VBZPL) has commissioned a new production line to ramp up production of its Aquaclear bottled mineral water.VBZPL is a subsidiary of the Indian headqua...Published: 10 Jan 2021 at 20:58hrs | 998 | by Staff reporter
'Buy Zimbabwe' will never succeed as long as local companies produce sub-standard goods and services
Zimbabweans are generally a proudly patriotic people - who, never hesitate to show unquestionable devotion and love for their dear country - but, that dedication should never be equated to foolishness...Published: 10 Jan 2021 at 15:06hrs | 356 | by Tendai Ruben Mbofana
Funds missing at Mzingwane High
MZINGWANE High School in Esigodini is in the eye of a storm after foreign currency incentives mobilised by parents for teachers late last year failed to reach the intended beneficiaries with parents t...Published: 10 Jan 2021 at 07:50hrs | 572 | by Staff reporter
Stringent govt lockdown requirements cripple companies
THE ministry of Industry and commerce has given industry a seven day moratorium to obtain exemptions to operate during the 30-day national lockdown while at the same time introducing stringent demands...Published: 10 Jan 2021 at 07:45hrs | 249 | by Staff reporter
Mnangagwa's govt failed to consult over lockdown, says Veritas
LEGAL think-tank Veritas says the government did not give transport operators, vendors and representatives of commerce and industry time to prepare for new covid-19 measures amid worsening macroeconom...Published: 10 Jan 2021 at 07:44hrs | 251 | by Staff reporter
Zimbabwe chiefs to dump colonial regalia
CHIEFS are set to abandon their colonial regalia as it does not reflect Zimbabwe's traditional heritage and cultural values but cements colonial dominancy. The red and purple gown and round sh...Published: 09 Jan 2021 at 07:48hrs | 1342 | by Staff reporter
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | 1201 | by Victor Bhoroma
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | 512 | by Victor Bhoroma
RBZ backs down on exporters' free funds
THE central bank has made a raft of major reforms to stabilise the foreign exchange market, including immediately scrapping the much-loathed compulsory requirement to liquidate unutilised export proce...Published: 08 Jan 2021 at 20:25hrs | 475 | by Staff reporter
Mafume seriously ill, says lawyer
SUSPENDED Harare mayor Jacob Mafume says he suspects he has contracted the deadly coronavirus due to poor health conditions at Harare Remand Prison.Mafume, who is in custody after allegedly vi...Published: 08 Jan 2021 at 10:55hrs | 2869 | by Staff reporter
Zimbabwe govt says to re-engage new US admin
FINANCE minister Mthuli Ncube has said he does not expect any change to the United States policy on Zimbabwe despite the change of administration in that country when President-elect Joe Biden is inau...Published: 08 Jan 2021 at 07:49hrs | 740 | by Staff reporter
Banking sector job losses to intensify in 2021
MORE job losses are looming in the banking sector as the sector intensifies the digitisation process in 2021 businessdigest has learnt.Digitisation is expected to result in more closure of ban...Published: 08 Jan 2021 at 07:47hrs | 997 | by Staff reporter
Victoria Falls Stock Exchange faces major hurdles
THE Victoria Falls Stock Exchange (VFEX) faces major hurdles going into the New Year with broad macro-economic challenges that are engulfing the economy affecting the bourse.A subsidiary of th...Published: 08 Jan 2021 at 07:46hrs | 415 | by Staff reporter
DPA installs electric vehicle charging stations across Zimbabwe
DISTRIBUTED Power Africa (DPA) has started deploying electric vehicle (EV) charging stations across Zimbabwe as a way of encouraging the uptake of environmentally friendly cars. In a statement...Published: 08 Jan 2021 at 07:28hrs | 255 | by Staff reporter
Zesa introduces US$ payment system
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC), a subsidiary of Zesa (Pvt) Ltd has introduced a system that will see all post-paid customers settle their bills in foreign curre...Published: 04 Jan 2021 at 22:27hrs | 1789 | by Staff reporter
Zimbabwe mineral exports exceed target
ATTRACTIVE international prices for major minerals except gold, coupled with stability in the mining sector despite the COVID-19-related lockdowns has seen Zimbabwe's mineral exports exceed the projec...Published: 04 Jan 2021 at 22:25hrs | 232 | by Staff reporter
High inflation drives cost of living
USAID food security arm, FEWS NET, says the cost of living in rural and urban areas continues to increase mainly driven by high inflation. In FEWS NET's December 2020 report, the food security organis...Published: 03 Jan 2021 at 07:43hrs | 432 | by Staff reporter
A toast for 2021, but......
We bid 2020 goodbye, the year many would want to quickly forget contrary to views, at least if one wears Zimbabwe's political lenses. The past nine months have been notorious given the COVID-1...Published: 01 Jan 2021 at 07:51hrs | 176 | by Staff reporter
Demand for mobile Internet soars under Covid-19 lockdown
ZIMBABWE continues to record increases in the usage of internet services spurred by the Covid-19 lockdown measures, which have created higher demand for digital services. The trend has seen mo...Published: 31 Dec 2020 at 10:34hrs | 70 | by Staff reporter
Beitbridge municipality hit by mass resignations
BEITBRIDGE municipality has been hit by mass resignations of key staff amid allegations of conflict of interest and abuse of office.It is understood that despite having been swept under the ca...Published: 30 Dec 2020 at 07:34hrs | 1734 | by Staff reporter
'Plant broom stick and get fruit tree, in Zimbabwe' - yet we are starving, damning testimonial to failed leaders
"Crisis management is not solved in one day. There is no magic formula in State recovery… it is a process that HE Mnangagwa is leading in promoting important reforms in Zimbabwe that will undoubtedl...Published: 29 Dec 2020 at 19:32hrs | 857 | by Patrick Guramatunhu
I'm not here to plunder Zimbabwe . . .
ZIMBABWE is seeking to establish fully-fledged diplomatic relations with Israel. Our (ND) senior reporter Tinashe Kairiza spoke to Zimbabwe's honorary consul in Israel Ronny Musan (RM) who spoke about...Published: 29 Dec 2020 at 07:19hrs | 3330 | by Staff reporter
Mukamba in passport wait
THE Warriors technical team is battling to secure passports for midfielder Denver Mukamba and striker Tawanda Nyamandwe ahead of the African Nations Championships (Chan) finals scheduled for Cameroon ...Published: 29 Dec 2020 at 07:07hrs | 697 | by Staff reporter
Electronic Fund Transfers fuel money laundering in Zimbabwe
CROSS-BORDER money traders are collecting huge sums in foreign currency in Zimbabwe and smuggling it into South Africa through the use of Electronic Funds Transfer (EFT).The illegal traders tu...Published: 27 Dec 2020 at 07:13hrs | 1031 | by Vusumuzi Dube
Harare-Beitbridge road rehab on course
SEAMLESS progress is taking place in the construction of the Harare-Beitbridge Highway, with Phase One close to completion after local companies that have been contracted to work on the road delivered...Published: 27 Dec 2020 at 07:04hrs | 421 | by Staff reporter
Zimbabwe pins hopes on 2021
THE year 2020 ends this week amid renewed optimism among Zimbabweans for a brighter new year, predicated on the emerging economic stability and hope for a robust lift off.For most Zimbabweans,...Published: 27 Dec 2020 at 06:59hrs | 195 | by Staff reporter
Militant teachers group claims negotiating partner bribed by Mnangagwa govt
PROGRESSIVE Teachers union of Zimbabwe (PTUZ) president Takavafira Zhou has accused leaders of the Apex Council of accepting government bribes to weaken their resolve to continue pressing for improved...Published: 26 Dec 2020 at 08:52hrs | 1446 | by Staff reporter
Furore over special road fee
THE monthly Special Road Levy being charged on every property in Mutare has become a charade given potholed roads across the eastern border city which are now an eyesore.The roads are now also...Published: 26 Dec 2020 at 08:48hrs | 340 | by Staff reporter
Central government at the epicentre of the challenges facing local authorities
IntroductionToday is Christmas day, the day we celebrate the birth of the Son of Man, our Lord Jesus Christ. It is a day that is supposed to be a day of love, unity, togetherness and cel...Published: 25 Dec 2020 at 20:19hrs | 1236 | by Luke Tamborinyoka
Bread price jumps 13,8%
THE price of a standard loaf of bread has risen by 13,8 percent this week to $82 from $72 and consumers feel the move is not justified. Some retailers, who had already effected the latest pric...Published: 25 Dec 2020 at 07:11hrs | 994 | by Staff reporter
Christmas fever grips Bulawayo
HUNDREDS of people yesterday thronged supermarkets in Bulawayo to make last-minute shopping ahead of Christmas Day today. Shop attendants said they recorded much business with many outlets res...Published: 25 Dec 2020 at 07:08hrs | 390 | by Staff reporter
Spike-throwing highway robbers terrorise motorists
A group of criminals operating along the Harare-Beitbridge Highway is robbing drivers by putting spikes on the road to puncture tyres of vehicles coming from the border town. When the drivers ...Published: 25 Dec 2020 at 07:04hrs | 610 | by Staff reporter
Zimbabwe unveils US$8 billion industrialisation plan
INDUSTRY and Commerce minister, Sekai Nzenza, has unveiled a massive industrialisation plan which seeks to transform Zimbabwe's 94 manufacturing and commercial sub-sectors into a mouthwatering US$8 bi...Published: 24 Dec 2020 at 16:58hrs | 637 | by Staff reporter
RBZ to lower borrowing costs
Monetary authorities agree that there is need to lower the cost of borrowing in Zimbabwe in order to support high production in the economy, but are still studying key fundamentals to see if that will...Published: 24 Dec 2020 at 05:04hrs | 920 | by Staff reporter
Bleak Christmas as cost of living rises again
THE cost of living for a family of six increased by 5,66% to $22 976 in November, underpinned by a rampaging parallel market exchange rate, according to the Consumer Council of Zimbabwe (CCZ)....Published: 23 Dec 2020 at 07:11hrs | 476 | by Staff reporter
Zimbabwe hotels fully booked for Xmas
Almost all hotels and lodges in resort towns such as Kariba, Masvingo, the Eastern Highlands and Victoria Falls are fully booked for the festive season as the travel bug continues to spreads among loc...Published: 23 Dec 2020 at 06:35hrs | 260 | by Staff reporter
Economic growth stimulus precedes taxation
Zimbabwe's 2021 national budget paints a picture of sustained austerity in the mid-term, with increases in taxes for various sectors of the depressed economy. A 126% jump in budgeted tax revenue colle...Published: 22 Dec 2020 at 19:28hrs | 372 | by Victor Bhoroma
'Demand Arrest Of Chicken Thieves Not Wildlife Poachers' - Animal Rights Tell Africans
One of the most curious and harmful lessons that Western animal rights groups continue to teach African rural communities co-existing with wildlife and the African public, in general, is 'demand the a...Published: 22 Dec 2020 at 12:54hrs | 1294 | by Emmanuel Koro
RBZ clarifies use of USD
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback. This comes a...Published: 22 Dec 2020 at 06:40hrs | 531 | by Staff reporter
RBZ urged retailers to accept torn and soiled US$ bank notes
THE Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has urged retailers and other traders to accept both old and worn out US dollar bank notes as legal tender.The central bank chief's p...Published: 22 Dec 2020 at 06:32hrs | 318 | by Staff writer
Council properties being leased for a song
BULAWAYO City Council (BCC) is leasing out its land to sporting clubs for a song with some club owners reportedly paying as little as $700 in local currency while at the same time illegally sub-lettin...Published: 21 Dec 2020 at 06:17hrs | 213 | by Staff reporter
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