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RTGS$ plunges
Zimbabwe is nearing the much dreaded economic horrors of 2008 punctuated by hyperinflation, widespread shortages of foreign currency and fuel coupled with a spike in prices of everything, including st...Published: 3 hrs ago | 1080 | by Staff reporter
A look into Zimbabwe's tanking economy
The country's largest gold producer is on the brink of collapse because of government's warped foreign currency retention policy; the cost of bread has gone up, more than three times in hardly a month...Published: 3 hrs ago | 165 | by Staff reporter
Tour company demands indecent pictures for jobs
A HARARE-BASED tour company has been accused of soliciting for indecent pictures from prospective female employees, claiming that the pictures would secure them employment with the company.Som...Published: 3 hrs ago | 288 | by Staff reporter
Death stalks Mnangagwa family
President Emerson Mnangagwa, former president Robert Mugabe, and all the architects of Gukurahundi - the 1980s massacre of unarmed civilians in Matabeleland and the Midlands - carry a deadly curse tha...Published: 18 hrs ago | 31290 | by Methusi Ncube
'Be proud of freedoms espouse by 2nd Republic' said navel gazing ED - luxury nation can now ill afford
"Our freedom, independence and the proud heritage left for us by our departed heroes and heroines who paid the supreme sacrifice for the freedom we enjoy today. We have within our blood, the traits of...Published: 20 Apr 2019 at 08:23hrs | 784 | by Patrick Guramatunhu
India, UAE roped in to revive CAPS, Datlabs
THE government says it is taking concrete steps to revive the country's health sector by engaging India and the United Arab Emirates (UAE) to help resuscitate fallen pharmaceutical giants CAPS Holding...Published: 19 Apr 2019 at 11:11hrs | 507 | by Staff reporter
Angry Mnangagwa lashes 'unpatriotic and inhumane' forces
PRESIDENT Emmerson Mnangagwa yesterday accused some businesses of being "unpatriotic and inhumane" following the recent sharp hikes in the prices of basic consumer goods around the country.At ...Published: 19 Apr 2019 at 11:10hrs | 2400 | by Staff reporter
Can Zimbabwe manage to de-dollarise?
THE Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monetary Area (CMA), also refer...Published: 19 Apr 2019 at 11:08hrs | 687 | by Victor Bhoroma
Zimbabwe trade deficit drops by 90%
ZIMBABWE'S trade deficit dropped by 90% to $22,1 million in February this year with analysts attributing the decline to foreign currency shortages.Figures released by the Zimbabwe Statistics A...Published: 19 Apr 2019 at 07:26hrs | 298 | by Staff reporter
FULL TEXT: President Mnangagwa's full Independence speech
President Emmerson Mnangagwa today delivered his first Independent speech at the national Sports Stadium. In the speech Mnangagwa paid tribute to the victims of Cyclone Idai both from Zimbabwe...Published: 18 Apr 2019 at 20:41hrs | 3161 | by Mandla Ndlovu
'Price control is the way to go' - Zanu PF rigged elections only to impose voodoo economic policy
"For a country that has no currency of its own, no competitive industry and no jobs, price control is the way to go in order to protect the poor." said Deputy Minister of Information, Energy Mutodi. "...Published: 18 Apr 2019 at 18:23hrs | 1852 | by Patrick Guramatunhu
Mnangagwa says Zimbabwe corruption runs 'deep and wide'
Zimbabwean President Emmerson Mnangagwa didn't know the extent of corruption in the country until he took up the highest office in the land.Speaking in a televised interview aired by the Zimba...Published: 18 Apr 2019 at 18:20hrs | 1282 | by Staff reporter
'RTGS$ is not a currency' says Minister
Deputy Government Spokesperson Energy Mutodi has confirmed a long standing asserting by Zimbabweans that the country does not have a currency and the recently introduced RTGS$ by the Reserve bank of Z...Published: 18 Apr 2019 at 09:22hrs | 6647 | by Mandla Ndlovu
Zimbabwe attracts 2 new investors to develop platinum mining projects
Zimbabwe will in coming weeks name two new investors who will develop separate platinum mining projects west of the capital as the country ramps up mining output in an attempt to ease a severe dollar ...Published: 18 Apr 2019 at 07:23hrs | 533 | by Reuters
Mesi roped into anti-drug campaign
SUNGURA musician Paradzai Mesi is part of an initiative by a local organisation, Zimbabwe Network for Economic and Social Transformation (Zinest) to help fight the scourge of drug abuse, especially am...Published: 18 Apr 2019 at 07:11hrs | 208 | by Staff reporter
Meat shortages loom
ZIMBABWE'S livestock industry is under strain and shortages of pork, chicken and beef are imminent after the price of feed shot up following the removal of grain subsidies by government, an industry o...Published: 18 Apr 2019 at 07:09hrs | 594 | by Staff reporter
Pauline claims cyber-attacks
MUSICIAN Pauline Gunduza yesterday said she had been subjected to abuse and insults on social media after filing a police report against Edzai Isu Trust director Tafadzwa Muzondo who allegedly fondled...Published: 18 Apr 2019 at 07:07hrs | 297 | by Staff reporter
Mnangagwa warns businesses not to invite price controls
President Mnangagwa says his administration does not believe in price controls and urged businesses to have a human face by desisting from the tendency of increasing prices without any justification. ...Published: 18 Apr 2019 at 07:05hrs | 290 | by Staff reporter
'The wage of sin is death' Linda Masarira says
The wage of sin is death and one reaps what he or she sows- these have been the adages that have made so many people in Zimbabwe and in Africa at large to invest much of their energy results i.e the h...Published: 17 Apr 2019 at 10:53hrs | 2269 | by Linda Masarira
Zimbabwe black market running amok
GOVERNMENT is facing renewed pressure on the economic front, with the parallel foreign currency market once again running amok — pushing the prices of basic consumer goods like bread beyond the reac...Published: 17 Apr 2019 at 07:25hrs | 30344 | by Staff reporter
Government urges bakers to defer bread price hike
GOVERNMENT yesterday called on the Bakers' Association of Zimbabwe to reconsider its position to hike the price of bread and allow for consultations to take place first before any increase is effected...Published: 17 Apr 2019 at 07:00hrs | 570 | by Staff reporter
ZCTU's incest with MDC Alliance not best for the worker
The proposals by the leadership of the Zimbabwe Congress of Trade Unions to become formally aligned with a political party, in this case the MDC-Alliance, and to have a quota of seats on the national ...Published: 17 Apr 2019 at 06:55hrs | 189 | by Editorial - The Herald
Mnangagwa commissions first batch of new Zupco buses
President Emmerson Mnangagwa has sent off 28 buses out of the 800 that were ordered by government to Zupco, to start operating and once again make the parastatal the transporter of choice.Spea...Published: 16 Apr 2019 at 21:28hrs | 6841 | by Staff reporter
Mnangagwa faces internal revolt
PRESIDENT Emmerson Mnangagwa faces an internal revolt from Zanu-PF youths who are angry over his recent announcement that his government will follow constitutional provisions and compensate white form...Published: 16 Apr 2019 at 18:40hrs | 11739 | by Staff reporter
Civil servants get pay increase
It was a case of smiling all the way to the bank for civil servants yesterday as Government honoured its pledge to increase the workers' salaries by 29 percent beginning this month.The civil s...Published: 16 Apr 2019 at 07:58hrs | 4908 | by Staff reporter
Chief Ndiweni fights eviction of white farmers
THE surprise eviction of popular Ntabazinduna farmers, Brain and Carol Davies, who operate Tabas Induna Farm, has attracted the wrath of local chief, Nhlanhla Ndiweni.The couple was served wit...Published: 16 Apr 2019 at 07:06hrs | 3037 | by Staff reporter
Diaspora initiative plans grand reunion
An international initiative to unite Zimbabweans who live in the diaspora in April 2020 has been launched, with preparations underway to bring a whole month of business, sports, arts, entertainment, f...Published: 15 Apr 2019 at 14:17hrs | 2370 | by Staff reporter
Mthuli Ncube triggers panic
LONG-suffering Zimbabweans should brace for even tougher economic times ahead, following last week's surprise announcement by Finance minister Mthuli Ncube that the country would have yet another curr...Published: 15 Apr 2019 at 10:56hrs | 19627 | by Staff reporter
Zimdaba II - Zimbabwe achieving its investment goals - more opportunities available
The recently concluded Zimdaba II, held at the Royal Geographical Society, London on 9th and 10th April highlighted something that tends to be overlooked when reporting on Zimbabwe, and that is the fa...Published: 15 Apr 2019 at 10:13hrs | 373 | by Staff reporter
Bulawayo's fuel crisis bites hard
The government is running out of time to ensure that Bulawayo has enough fuel stocks to cover the forthcoming Independence and Easter holidays, as well as the annual Zimbabwe International Trade fair ...Published: 15 Apr 2019 at 06:57hrs | 5323 | by Staff reporter
Tobacco income down 76%
TOBACCO sales have generated $19,4 million in the first 17 days of the marketing season this year compared to $81 million realised over the same period last year, statistics from the industry regulato...Published: 15 Apr 2019 at 06:49hrs | 1150 | by Staff reporter
Calls for salary, wage adjustments intensify
The Institute of People Management of Zimbabwe (IMPZ) has called for an upward review on the taxable wage threshold from RTGS$350 to cushion workers from the rising cost of living.In the 2019 ...Published: 15 Apr 2019 at 06:43hrs | 1488 | by Staff reporter
Zimbabwe oil prospects increase
Newly defined data released last week by Invictus Energy, has provided management with increased confidence regarding a sizeable increase in the prospective resource estimate of the Muzarabani oil pro...Published: 15 Apr 2019 at 06:34hrs | 1208 | by Staff reporter
A look at Zimbabwe's property market
Even though the Zimbabwean property market faces many challenges, it has always been characterised by a high demand and a corresponding low supply – ensuring that the market has always been very act...Published: 14 Apr 2019 at 16:29hrs | 1881 | by Staff reporter
Mutsvangwa blames 'Queen Bee' for high fuel prices
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zanu-PF to gain an unfair advantage in the supply of fuel to the southern African nation.The...Published: 14 Apr 2019 at 10:12hrs | 5074 | by Joseph Cotterill and David Sheppard I Financial Times
Marriot International to finalise US$500 million deal for Zimbabwe hotel
GLOBAL hospitality group, Marriot International will next month finalise its US$500 million deal with a local company that will see the company constructing a boutique hotel and a riverside camp in Vi...Published: 14 Apr 2019 at 10:05hrs | 1157 | by Staff reporter
Zimbabwe says US$ not good for economy
ZIMBABWE's continued use of the United States dollar is no longer sustainable for the economy as it hurts industry's competitiveness, a Cabinet minister has said.Industry and Commerce minister...Published: 14 Apr 2019 at 10:03hrs | 1478 | by Staff reporter
August 1 victims to begin receiving compensation
FAMILIES of the six people who died during the August 1 post-election violence last year are set to receive compensation from Government soon, as authorities begin implementing recommendations of the ...Published: 14 Apr 2019 at 09:59hrs | 268 | by Staff reporter
Zupco's new buses expected this week
A new fleet of buses that will serve urban and rural commuters will be commissioned this week, President Emmerson Mnangagwa has said.He said this at State House yesterday during a special Inde...Published: 14 Apr 2019 at 09:58hrs | 921 | by Staff reporter
MDC against IMF's support for Zimbabwe
The proposed IMF Staff Monitored Program is an entry point for full support of the regime and it ignores the factors arresting the Zimbabwean economy. Zimbabwe has had a stolen election; ...Published: 13 Apr 2019 at 15:56hrs | 1508 | by Jacob Mafume
Glut of fuel during ZITF
THE Zimbabwe International Trade Fair (ZITF) is now known for bringing good news to the second city.In previous editions, the authorities would go out of their way to ensure that the city's ro...Published: 13 Apr 2019 at 15:49hrs | 816 | by Staff reporter
Does Zimbabwe have the information Security and Cyber Security Experts to protect itself?
With constant headlines of electronic fraud, mobile money fraud, RTGS fraud and other means of payments that are constantly reported in the media on a daily basis. There is now a need to build a datab...Published: 13 Apr 2019 at 13:39hrs | 566 | by Dr Robert Shonhiwa
Is it now conducive to introduce new currency in Zimbabwe?
FOR many years now, ever since Zimbabwe realised that it was pointless to keep propping up its useless hyperinflation-ravaged Zimbabwe dollar, the rallying call from government has been that the count...Published: 13 Apr 2019 at 13:13hrs | 784 | by Staff reporter
'Sellout' Mnangagwa defends white farmers' compensation
PRESIDENT Emmerson Mnangagwa yesterday defended his government's move to compensate white former commercial farmers for improvements on farmland seized during the 2000 fast-track land reform programme...Published: 12 Apr 2019 at 13:57hrs | 2307 | by Staff reporter
Zimbabwe's US$1 billion steel project kicks off
ONE of the world's largest stainless steel producers, Chinese company Tsingshan Holding Group, has begun work on setting up of the US$1 billion steel plant in the country that will eventually produce ...Published: 12 Apr 2019 at 09:15hrs | 6346 | by Staff reporter
Massive retrenchments loom as Zimbabwe economy slows down
HUNDREDS of formal jobs are on the line in the economy as various businesses grapple with the realities of hyperinflation and exchange rate-induced losses. The market has witnessed massive price hikes...Published: 12 Apr 2019 at 09:14hrs | 4211 | by Victor Bhoroma
Mnangagwa fumes
PRESIDENT Emmerson Mnangagwa yesterday warned retailers and companies against "unjustified" price increases which he said had brought untold suffering to ordinary Zimbabweans.Incidentally, as ...Published: 12 Apr 2019 at 08:24hrs | 13350 | by Staff reporter
CZI lobbies for import restrictions return
Industrial lobby group, Confederation of Zimbabwe Industries (CZI), says the Government needs to quickly revert to the policy of restricting entry of low priced imported products into Zimbabwe to quic...Published: 12 Apr 2019 at 07:28hrs | 195 | by Staff reporter
Zimbabwe's fuel pipeline allegedly 'captured' by Trafigura
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zimbabwe's ruling party to gain an unfair advantage in the supply of fuel to the southern Africa...Published: 12 Apr 2019 at 07:13hrs | 1584 | by Joseph Cotterill and David Sheppard
Cement shortage chokes construction industry
ZIMBABWE'S construction industry contracted by 6,3% percentage points last year due to acute cement shortages and unsustainable prices of construction materials, a Treasury report has shown.Ac...Published: 12 Apr 2019 at 06:45hrs | 192 | by Staff reporter
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