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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 | 1395 | by Staff reporter
Zimra launches crackdown on economic saboteurs
The Zimbabwe Revenue Authority (ZIMRA) has launched a nationwide blitz targeting businesses that evade taxes and undermine the local currency, the Zimbabwe Gold (ZiG), by either rejecting it or falsel...Published: 27 Sep 2024 at 08:16hrs | 142 | by Staff reporter
Chiwenga to headline governance conference
Vice-President Dr. Constantino Chiwenga is set to deliver the keynote address at the 2024 Chartered Governance and Accountancy Institute of Zimbabwe (CGAIZ) Annual Conference, taking place in Victoria...Published: 11 Sep 2024 at 08:42hrs | 170 | by Staff reporter
Mnangagwa calls for education system overhaul
President Emmerson Mnangagwa has called for a radical overhaul of the Southern African Development Community (SADC) education system to boost industrialisation and innovation. ...Published: 17 Aug 2024 at 12:50hrs | 530 | by Staff reporter
Disband colonial education replicas; Mnangagwa warns SADC
President Emmerson Mnangagwa has challenged Southern African Development Community (SADC) leaders and representatives of member states' respective educational institutions to disband curriculum infras...Published: 15 Aug 2024 at 17:34hrs | 1075 | by Gideon Madzikatidze
Zimbabwe central bank governor gets a rude awakening
BUSINESS executives yesterday gave Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu a rude awakening after a snap survey which showed that they were not ready to support the new currency....Published: 12 Apr 2024 at 09:49hrs | 34 | by Staff reporter
Mthuli Ncube wants all sanctions removed
THE piecemeal removal of sanctions imposed on Zimbabwe by the United States has been described as a step in the right direction, although the country prefers to have the illegal embargo completely rem...Published: 06 Mar 2024 at 04:46hrs | | by Staff reporter
Zimbabwe mired in election mode months after disputed poll
ZIMBABWE has remained in election mode with Zanu-PF and members of the opposition Citizens Coalition for Change (CCC) holding mini-rallies a few months after the disputed August 2023 elections....Published: 25 Feb 2024 at 07:26hrs | 1 | by Staff reporter
Hot spell forces firms to work night shifts
INDUSTRIAL manufacturing processes are being threatened by the high temperatures being recorded across the country, which affect the cooling systems for some critical machinery used by companies while...Published: 06 Dec 2023 at 05:03hrs | 9 | by Staff reporter
Stakeholders brainstorm over Bulawayo industry revival
The revival of industrial activity in Bulawayo is contingent upon resolving the city's water supply issues, according to stakeholders.Many companies in Bulawayo have closed or relocated due to...Published: 02 Oct 2023 at 06:28hrs | | by Staff reporter
South African media has failed to bring regime change in Zimbabwe
Over the past 22 years since sanctions were imposed on Zimbabwe, western governments have invested billions of dollars into South African white owned media, with the aim of discrediting Zanu-PF. ...Published: 29 Aug 2023 at 12:34hrs | | by Rutendo Matinyarare
Hwange Power Station Unit 7 put into commercial operation
TRIALS have ended for the new Hwange Thermal Power Station's Unit 7 which has now been successfully put into commercial operation to provide an uninterrupted 300MW electricity supply to the national g...Published: 28 Jul 2023 at 06:43hrs | | by Staff reporter
Incompetent Western puppet faking political bravery
There is a sequence that can be employed to identify CCC leader Nelson Chamisa as a snollygoster!A snollygoster is a political candidate, usually willing to be an instrument of another country...Published: 14 Jul 2023 at 07:41hrs | 6 | by Gibson Nyikadzino
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 17 | by Staff reporter
Zimbabwe business jittery as electioneering goes a gear up
The business community fears that the government could resort to exchange rate control to manage inflation and price increases. Picture: Shepherd TozvirevaZimbabwean businesses fear that Presi...Published: 25 Jun 2023 at 09:37hrs | | by Staff reporter
Dinson Iron and Steel Company project reaches 70% completion
Dinson Iron and Steel Company (Disco) is confident that the US$1,5 billion steel plant being constructed in Mvuma will be completed this year as the project has reached 70 percent completion. ...Published: 23 Jun 2023 at 06:29hrs | | by Staff reporter
New city for 30 000 residents on the cards in Zimbabwe
GOVERNMENT has approved a plan for the development of a new town between Mvuma-Chivhu and Manhize in the Midlands province amid growing interest from industrialists, banks, and other service providers...Published: 19 Jun 2023 at 06:45hrs | 12 | by Staff reporter
'Patriotic Bill' has made free and fair elections impossible
In the lead-up to Zimbabwe's election, President Emmerson Mnangagwa's ruling Zanu-PF has passed a law that puts his opponents at considerable risk.Zimbabwe is just the latest of many unf...Published: 11 Jun 2023 at 21:34hrs | | by Staff reporter
'RBZ directive to trigger more power cuts'
EXPERTS have warned of more power outages after the central bank ordered non-exporters to settle their energy bills in Zimbabwean dollars in a bid to keep the under-fire local currency relevant....Published: 09 Jun 2023 at 06:33hrs | | by Staff reporter
Masiyiwa named among only 17 black billionaires in the world
ACCORDING to Forbes, there are currently 2,640 billionaires in the world. They are collectively worth $12.2 trillion. The United States is the number one home of billionaires with 735 of them, followe...Published: 05 Jun 2023 at 06:59hrs | 3 | 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
Zimbabwe exporters object to latest forex electricity tariff
THE Confederation of Zimbabwe Industries (CZI) has requested an urgent electricity tariff meeting between exporters, energy bodies and the Government to clarify several operational issues emanating fr...Published: 28 Oct 2022 at 06:23hrs | | by Staff reporter
I refuse to be a delusional idiot
I lOVE our languages and culture because they teach us so much about life.One of the Shona language's wise adage says: "Totenda maruva tadya chakata," which literally means ‘don't count your...Published: 14 Oct 2022 at 05:50hrs | 2 | by Tendai Ruben Mbofana
Before celebrating 'flowers' Zimbabweans should first interrogate why previous 'fruits' were destroyed!
I love our language and culture - since they teach us so much about life.There is a wise adage - 'totenda maruva tadya chakata', in oth...Published: 13 Oct 2022 at 00:23hrs | 1 | by Tendai Ruben Mbofana
SA blackouts bleed Zimbabwe industry
ZIMBABWEAN industries, already battered by a long running economic crisis, have been thrown off balance by rolling blackouts in South Africa, which escalated this week, briefly grounding trade....Published: 23 Sep 2022 at 19:24hrs | 1 | by Staff reporter
Zimbabwe's capital markets collapse
DELTA Corporation CEO Matlhogonolo Valela has given graphic details about the frustrations that local firms have been enduring in accessing capital due to the country's difficult business environment....Published: 11 Sep 2022 at 15:21hrs | | by Staff reporter
Mzi Khumalo urged to dispose of Zimbabwe mines
SOUTH African mining magnate Mzi Khumalo is under pressure to dispose of Redwing Mine in Penhalonga, Manica- land province and Mazowe Gold Mine in Mashonaland Central as the mines have become hotbeds ...Published: 29 Jul 2022 at 19:06hrs | 2 | by Staff reporter
Zimbabwe mines shut out suppliers
ZIMBABWE'S mining industry warned yesterday that domestic suppliers risked being shut out of the industry's value chain after hiking prices by 100%.The price rage involves deals in United Stat...Published: 22 Jul 2022 at 10:41hrs | 4 | by Staff reporter
Top govt official in messy land fight
A COMMISSIONER at the Public Service Commission (PSC) Tsitsi Choruma is at the centre of a farm invasion storm that has rocked the Lands ministry in the Mazowe area after being allocated part of the l...Published: 03 Jun 2022 at 19:14hrs | | by Staff reporter
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | | by Staff reporter
Zesa on brink of collapse
ZIMBABWE risks sinking into a deeper power crisis amid reports that the country's power utility Zesa is on the brink of collapse due to an unsustainable tariff regime, NewsDay has learnt.The p...Published: 13 May 2022 at 19:06hrs | 1 | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 3 | by Staff Reporter
Mnangagwa to copy Putin's currency strategy
Zimbabwe's President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa's worst performing currency. Mnangagwa's administration may announ...Published: 03 May 2022 at 06:43hrs | | by Staff reporter
Zimbabwe political parties attend Workers Day commemorations
Zimbabwean workers yesterday joined the rest of the world in commemorating Workers' Day, with the Government calling for unity while expressing its commitment to improving the welfare of workers throu...Published: 02 May 2022 at 07:53hrs | 6 | by Staff reporter
Water projects to boost Bulawayo investment
THE ongoing Government funded water projects will go a long way in enhancing Bulawayo's investment opportunities and spur its economic growth momentum, Bulawayo Provincial Affairs and Devolution Minis...Published: 28 Apr 2022 at 08:58hrs | | by Staff reporter
Mnangagwa slams wanton price hikes
PRESIDENT Mnangagwa has warned industrialists against wanton price increases, indicating that his Government is currently drafting a raft of measures that will promote the use of the local currency ov...Published: 15 Apr 2022 at 08:56hrs | 2 | by Staff reporter
Mnangagwa opens doors for young women
PRESIDENT Mnangagwa yesterday gave young women the carte blanche to seize vast opportunities that have been brought by the Second Republic as he promised to give them loans and open the doors for part...Published: 01 Apr 2022 at 08:58hrs | 6 | by Staff Reporter
Mnangagwa calls for exports diversity
PRESIDENT Emmerson Mnangagwa yesterday called on industrialists to enhance value addition and diversify their exports to end the exportation of raw commodities.Primary commodities have dominat...Published: 29 Mar 2022 at 11:49hrs | | by Staff reporter
Chelsea owner Roman Abramovich slapped with heavy sanctions
Roman billionaire Russian oligarch and Chelsea football club owner Arkadyevich Abramovich is a and politician has seen his assets frozen, a prohibition on transactions with United Kingdom individuals ...Published: 10 Mar 2022 at 10:19hrs | | by Mandla Ndlovu
Universities make $2 billion profits
LOCAL universities have made profits worth over $2 billion in producing Covid-19 personal protective as part of providing home grown solutions to national problems.In the past, industry among ...Published: 04 Mar 2022 at 05:36hrs | | by Staff reporter
Mthuli Ncube to address industry captains
FINANCE and Economic Development Minister, Professor Mthuli Ncube, is expected to address business leaders at a financial and industrial breakfast meeting in Harare next week.The indaba seeks ...Published: 17 Feb 2022 at 18:29hrs | 6 | by Staff reporter
Mthuli Ncube to headline CZI conference
FINANCE minister Mthuli Ncube is set to headline the Confederation of Zimbabwe Industries (CZI) annual economic outlook symposium next Thursday, which is expected to seek solutions to price hikes and ...Published: 11 Feb 2022 at 05:46hrs | 6 | by Staff reporter
Zimbabwe industrialists expose gaps in Mnangagwa's re-engagement push
CALLS for government to get serious with its re-engagement drive have intensified, with industrialists and economists reminding President Emmerson Mnangagwa's administration to avoid building ties wit...Published: 06 Feb 2022 at 06:57hrs | | by Staff reporter
Goblin economy creating goblin wealth
Without change of government's way of leading the economy, its system of governance of closely-controlled economy, Zimbabwe continue to be a goblin economy that creates goblin-induced wealth.G...Published: 03 Feb 2022 at 05:43hrs | 6 | by Brian Sedze
Industrialists warn Zimbabwe banks
LOCAL financial institutions came under the spotlight on Friday as the central bank and industrialists regrouped to review a series of issues they agreed on in October, when relations between the two ...Published: 26 Jan 2022 at 04:46hrs | 6 | by Staff reporter
Power cuts threaten growth targets
Players in the manufacturing industry and mining sector have warned that continued power cuts could derail first quarter 2022 economic growth targets due to lost production time.This follows a...Published: 17 Jan 2022 at 06:28hrs | | by Staff reporter
'Zimbabwe's economic fundamentals are strong'
THE economy is on a growth trajectory with Gross Domestic Product (GDP) projected to grow by 7,8 percent in 2021, attributed to a favourable rainfall season, higher international mineral commodity pri...Published: 14 Nov 2021 at 05:38hrs | 6 | by Professor Mthuli Ncube
Black market records steepest annual rise
THE parallel market exchange rate rocketed by 27% during the third quarter (3Q) of this year, marking its steepest ever growth in one year, researchers at Inter Horizon Securities (IH) said at the wee...Published: 18 Oct 2021 at 06:30hrs | | by Staff reporter
Mnangagwa's State of the Nation address
PRESIDENT Mnangagwa delivered a State of the Nation Address and officially opened the Fourth Session of the Ninth Parliament of Zimbabwe yesterday. He tackled a wide r...Published: 08 Oct 2021 at 06:27hrs | 6 | by Staff reporter
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