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Zim industry leaders call for Unified Taxation System
Zimbabwe's business community has raised concerns over the country's fragmented taxation system, urging the government to adopt a unified tax framework to alleviate the heavy burden of multiple taxes ...Published: 01 Jul 2025 at 08:20hrs | 129 | by Staff reporter
Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1072 | by Staff reporter
Skilled worker shortage hinders Zimbabwe healthcare standards
A critical shortage of skilled health professionals continues to impede Zimbabwe's efforts to deliver high-quality healthcare services, the Private Healthcare Association of Zimbabwe (PHAZ) has warned...Published: 20 Jun 2025 at 17:47hrs | 219 | by Staff reporter
Zimra tax audit blitz alarms Zimbabwe business
The Zimbabwe National Chamber of Commerce (ZNCC) has raised concerns over the Zimbabwe Revenue Authority's (Zimra) intensified audit regime, warning that aggressive tax enforcement is placing undue co...Published: 24 May 2025 at 10:59hrs | 236 | by Staff reporter
Johane Masowe's remains at centre of dispute
Two rival factions of the Gospel of God Church International are locked in a bitter legal and spiritual battle over the intended exhumation of their revered founder, Baba Johanne - born Peter Shonhiwa...Published: 02 May 2025 at 07:59hrs | 529 | by Staff reporter
Johane Masowe's remains to be exhumed
The High Court has issued a declaratory order affirming the inalienable rights of Peter Jack Masedza's children to exhume and rebury their father's remains, 50 years after his passing.Masedza,...Published: 15 Feb 2025 at 07:48hrs | 635 | by Staff reporter
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11749 | by Staff reporter
Zimbabwe loses 18% of its energy
Zimbabwe's Energy and Power Development Minister Edgar Moyo has called for urgent upgrades to the country's grid network to address the unacceptable 18% energy loss rate, significantly higher than the...Published: 20 Nov 2024 at 07:01hrs | 276 | by Staff reporter
Zimra goes after businesses rejecting ZiG
The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the Zimbabwean currency (ZiG or ZWG) by rejecting the local currenc...Published: 27 Sep 2024 at 12:29hrs | 1398 | by Staff reporter
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | 1 | by Staff reporter
Our meat is rotting, Cde Mnangagwa
ON August 3, 2023, President Emmerson Dambudzo Mnangagwa commissioned the new Hwange Thermal Power Station Units 7 and 8.Amid the pomp and fanfare, Mnangagwa proudly and confidently declared t...Published: 03 Oct 2023 at 06:18hrs | 1 | by Tendai Ruben Mbofana
Please tell Mnangagwa our meat is rotting!
On Thursday, 3rd August 2023, President Emmerson Dambudzo Mnangagwa commissioned the new Hwange Thermal Power Station Units 7 and 8.Amidst the pomp and fanfare, Mnangagwa proudly and confident...Published: 02 Oct 2023 at 07:46hrs | 2 | by Tendai Ruben Mbofana
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 2 | by Staff reporter
Zimbabwe business calls on presidential poll loser to concede defeat
ZIMBABWE'S industries this week called for a peaceful post-election period, as they made a passionate plea to frontrunners in the presidential poll to concede defeat and help the country focus on rebu...Published: 29 Aug 2023 at 08:12hrs | 4 | by Staff reporter
Forex rate premium falls
THE parallel market exchange rate premium has fallen below 50 percent, as policy interventions by the Government continue to drive appreciation of the Zimbabwe dollar, but pockets of resistance remain...Published: 02 Jul 2023 at 07:37hrs | 11 | by Staff reporter
ZNCC calls for review of Customs and Excise Act
THE Zimbabwe National Chamber of Commerce (ZNCC) has called on government to review the Customs and Excise Act, saying the law is now outdated and no longer addressing critical issues."For the...Published: 30 Jun 2023 at 14:31hrs | 2 | by Staff reporter
4 rogue firms' accounts frozen
BANK accounts belonging to four major basic commodity distributors have been frozen for suspected economic sabotage, while unscrupulous manufacturers and pharmaceutical companies also face the same co...Published: 28 May 2023 at 07:59hrs | 1 | by Staff reporter
'Black market rates to fall,' dreams RBZ
THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency...Published: 23 Apr 2023 at 07:48hrs | 1 | by Staff reporter
'Power cuts to wipe out US$4bn'
ROLLING blackouts, which have deepened in the past few months, could cost the economy close to US$5 billion this year, industrialists told the Zimbabwe Independent.They said many companies had...Published: 03 Mar 2023 at 18:23hrs | 1 | by Staff reporter
'Half of Zimbabwe youths loafing'
ABOUT half of Zimbabwean youths are loafing, the latest Zimbabwe National Statistics Agency (ZimStat) 2022 second quarter labour force survey has revealed, laying bare the job crisis facing the countr...Published: 04 Oct 2022 at 06:10hrs | 18 | by Staff reporter
Sanctions increase cost of doing business in Zimbabwe
ILLEGAL sanctions imposed on Zimbabwe by the West hamper the free movement of funds across international borders, and therefore can raise the cost of doing business, or at least make investors worry a...Published: 03 Oct 2022 at 06:06hrs | 2 | by Staff reporter
'No easy road to recovery for Zimbabwe'
THE Zimbabwe National Chamber of Commerce (ZNCC) warned on Thursday that there would be no quick fix to the myriad of economic challenges afflicting the country.Zimbabwe is in the throes of an...Published: 30 Sep 2022 at 06:10hrs | 4 | by Staff reporter
Falling fuel prices ease pressure on consumers
The sustained drop in fuel prices, which saw prices being reviewed downwards twice over a two-week period this month owing to falling international crude ...Published: 31 Jul 2022 at 07:08hrs | 2 | by Staff Reporter
Interbank rate now sole legal rate, huge penalties for breaches
The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...Published: 29 Jun 2022 at 07:42hrs | 1 | by Staff reporter
Basics run out of Zimbabwe shelves
PRESIDENT Emmerson Mnangagwa and Finance minister Mthuli Ncube's recent economic pronouncements have reportedly triggered a shortage of most locally-manufactured basic commodities in most retail shops...Published: 16 May 2022 at 06:26hrs | 2 | by Staff reporter
Bread price shoots to US$2 in Zimbabwe
A STANDARD loaf of bread now costs more than US$2 after its price shot up by 30% to $345.This follows an increase in the price of flour seven days ago by 17%.The Grain Millers Associat...Published: 21 Apr 2022 at 11:47hrs | 1 | by Staff reporter
Zimbabwe eyes improvement in competitiveness rankings
Zimbabwe is targeting to improve competitiveness and ease of doing business ranking riding on the use of technology by firms, Business Times can report. The country's rankings have been sliding over t...Published: 08 Apr 2022 at 09:16hrs | 2 | by Staff reporter
Russia-Ukraine war triggers fuel price hike
THE Zimbabwe Energy Regulatory Authority (Zera) on Friday announced an upward review of the price of petrol and diesel, saying the war pitting Russia and Ukraine had partly contributed to the hike....Published: 06 Mar 2022 at 08:14hrs | 1 | by Staff reporter
Performance contracts for Zimbabwean ministers
Performance contracts signed last year by permanent secretaries, the top level in the civil service, are being extended this year upwards to ministers and across to the heads of local authorities, Sta...Published: 04 Feb 2022 at 05:33hrs | 7 | by Staff reporter
Business sector plagued by uncertainty
THE country's business sector says the year is difficult to plan for given the uncertainty that looms on the horizon, particularly with the country girding for potentially disruptive by- elections....Published: 19 Dec 2021 at 07:09hrs | 8 | by Staff reporter
Business pushes for double taxation removal
Industry wants Treasury to make the intermediated money transfer tax (IMTT) - commonly referred to as the 2 percent tax - tax deductible, arguing it has become a significant and additional cost to bus...Published: 05 Dec 2021 at 06:11hrs | 8 | by Staff reporter
Kelly Khumalo snubs 'homophobic' Zimbabwe in solidarity with Somizi
Singer Kelly Khumalo skipped her appearance at the grand reopening of Garwe Restaurant in Harare, Zimbabwe on Thursday, in solidarity with media personality Somizi Mhlongo, following a controversial m...Published: 05 Nov 2021 at 16:23hrs | 10 | by Staff reporter
Somizi hits back at Zanu-PF
FAMOUS South African socialite Somizi Mhlongo, also known as Somgaga, Thursday, responded to the ZANU-PF youth's claims of planning to mobilis against him if he graced the reopening of Garwe restauran...Published: 05 Nov 2021 at 06:35hrs | | by Staff reporter
Zanu-PF youths to block Somizi's Harare showcase
GAY South African media personality Somizi Buyani Mhlongo also known as Somgaga was Tuesday attacked on Facebook by Zanu-PF activists who vowed they will mobilise block his planned appearance at the r...Published: 03 Nov 2021 at 05:15hrs | 15 | by Staff reporter
Illegal sanctions choking business
ILLEGAL economic sanctions imposed by the United States and her allies have negatively affected the business community, which cannot access loans, and even do straightforward transfers for their needs...Published: 18 Oct 2021 at 06:26hrs | 3 | by Staff reporter
Govt threatens crackdown on businesses fuelling forex black market
GOVERNMENT has threatened to suspend operating licences for business entities manipulating the official foreign currency rate, thus fuelling the high parallel market exchange rate.In a stateme...Published: 08 Oct 2021 at 06:32hrs | 12 | by Staff reporter
Why your song does not get any airplay!
ONE of the worst nightmares that artistes endure in the music business is among the following; being booed and choking on stage, producing a poor track or even worse, submitting your song and then not...Published: 25 Sep 2021 at 06:04hrs | 5 | by Staff reporter
Blackouts intensify in Zimbabwe
ZIMBABWEAN companies and domestic consumers are feeling the pinch of high costs of back-up power supply after the national power utility, Zesa, announced a 12-hour load-shedding schedule.Zesa ...Published: 16 Sep 2021 at 06:00hrs | 11 | by Staff reporter
RBZ forex auction system overwhelmed
THE Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction system is overwhelmed as it struggles to meet growing demand, leading to a two-month delay in payment of successful bids.This has ...Published: 30 Jul 2021 at 07:29hrs | 10 | by Staff reporter
Mnangagwa sweats over SA protests
PRESIDENT Emmerson Mnangagwa has acknowledged that the ongoing violent protests in neighbouring South Africa could trigger regional instability, and called for a peaceful resolution to the impasse....Published: 16 Jul 2021 at 09:33hrs | 3 | by Staff reporter
Zimbabwe feeling heat from SA riots
Zimbabwe's industries will likely feel the pinch of the violent demonstrations and looting unfolding in South Africa, its largest trading partner, as trade channels get clogged and supply chains disru...Published: 16 Jul 2021 at 09:02hrs | 1 | by Staff reporter
Zimbabwe's new $50 can't buy bread
LAST week, the Zimbabwean central bank introduced a $50 note, the country's highest denomination since a return to Zimbabwean dollars as the main currency in 2019.It joins other denominations ...Published: 13 Jul 2021 at 09:15hrs | 20 | by Staff reporter
Mnangagwa forex rules trigger chaos
President Emmerson Mnangagwa's move to introduce a host of changes that effectively banned the use of foreign currency in local transactions has left business in panic mode amid fears of steep price i...Published: 30 May 2021 at 09:14hrs | | by Staff reporter
Mugabe exhumation and the legend of Chief Zvimba
I will not enter the debate on where the late Robert Mugabe's body must be buried or reburied.Hearing the debate raging in the media reminded me of the legendary Chief Matthew or Matewu Zvimba...Published: 30 May 2021 at 08:53hrs | 2 | by Tererai R. Mafukidze
The paradox of Zimbabwe's rising prices and falling inflation
FOLLOWING months of scepticism over Zimbabwe's ability to achieve its targeted annual inflation rate, some of the country's leading analysts are beginning to change theirview.Now, they fee...Published: 03 May 2021 at 06:24hrs | 2 | by Staff reporter
Mthuli Ncube sticks to 7,4% growth
GOVERNMENT remains bullish about a positive economic performance in 2021 where it has projected a 7,4% gross domestic product (GDP) growth despite the negative effects of the Covid-19 pandemic, accord...Published: 05 Feb 2021 at 06:49hrs | 1 | by Staff reporter
ZimStat stops releasing poverty data
THE Zimbabwe National Statistical Agency (ZimStat) has abandoned the release of poverty datum line (PDL) data for a family of five to focus only on individual data, the NewsDay Business has establishe...Published: 18 Jan 2021 at 06:26hrs | 3 | by Staff reporter
Zimbabwe in key post-Brexit UK investment indaba
Zimbabwe's engagement and re-engagement drive continues to bear fruit after the United Kingdom invited local businesses to participate in next week's Africa Investment Conference along with companies ...Published: 15 Jan 2021 at 07:28hrs | 2 | by Staff reporter
Zimbabweans see gloomy 2021
ZIMBABWEANS are not enthused about the New Year, 2021, and see no improvement in the social, economic and political problems that bedevilled the country throughout 2020.Most people entered January...Published: 01 Jan 2021 at 07:45hrs | 9 | by Staff reporter
Zimbabwe eyes 7% growth in year 2021
FINANCE minister Mthuli Ncube stuck to his 7,4% gross domestic product (GDP) growth target when he presented the 2021 National Budget yesterday, tipping most of the growth to be driven by strong recov...Published: 27 Nov 2020 at 07:13hrs | 1 | by Staff reporter
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