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Ex-immigration official blacklisted
FORMER Principal Immigration Officer Munyaradzi Mushimbo has approached the High Court seeking to have the Zimbabwe Financial Clearing Association (ZFCA) remove his name from the roll of blacklisted p...Published: 16 Jan 2021 at 07:17hrs | 817 | 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 | 2475 | by Samantha Power
Lawyers finally listed among essential services
Lawyers have been separately listed among essential services and can travel to and attend any criminal or civil court hearing involving a client and can travel and meet clients and others when this is...Published: 11 Jan 2021 at 07:50hrs | 391 | 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 | 999 | 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 | 417 | by Staff reporter
Kuvimba Mining to raise US$1 billion, eyes VFEX listing
Kuvimba Mining House, the newly created mining company, will seek to raise US$1 billion to recapitalise its assets, which it hopes will generate an ambitious US$1.5 billion per annum by 2023. ...Published: 05 Jan 2021 at 18:27hrs | 1099 | by Staff reporter
Big brands troop into Victoria Falls facility
A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupanc...Published: 28 Dec 2020 at 07:32hrs | 1210 | by Staff reporter
ZAPU celebrates 59th anniversary
ZAPU, Thursday, celebrated its 59th anniversary, with party members saying the ideals of the liberation struggle have not been achieved under the Zanu-PF leadership.The revolutionary party was...Published: 20 Dec 2020 at 08:03hrs | 358 | by Staff reporter
Spooks investigate US$45m CAPS deal
ZIMBABWE's state security service, the Central Intelligence Organisation (CIO), is investigating a volatile commercial dispute that has erupted between the government and interim trustees of Caps Phar...Published: 19 Dec 2020 at 16:38hrs | 1251 | by Staff reporter
Council shuts water treatment plant
Harare City Council (HCC) has announced a temporary shutdown of Morton Jaffray and Warren Control waterworks treatment plants until Sunday, forcing many residents in the capital to experience a dry we...Published: 18 Dec 2020 at 06:17hrs | 440 | by Staff reporter
Powerspeed to delists from ZSE
SHAREHOLDERS of electrical products supplier, Powerspeed Electrical Limited, have approved the termination of the company's listing on the Zimbabwe Stock Exchange (ZSE). The listing of Powersp...Published: 17 Dec 2020 at 06:54hrs | 146 | by Staff reporter
ZSE eyes more listings on VFEX
THE Zimbabwe Stock Exchange (ZSE) says its newly-launched Victoria Falls Stock Exchange (VFEX) has generated interest from both local and foreign companies and it is working at securing more listings ...Published: 16 Dec 2020 at 07:07hrs | 324 | by Staff reporter
Mangudya warns money launderers
THE governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, says authorities will step up the current crack down on individuals and companies that are moving large but unexplained sums of money...Published: 02 Dec 2020 at 06:35hrs | 2390 | by Staff reporter
Vehicle supply syndicate exposed
A syndicate comprising vehicle suppliers and senior procurement officials in various State institutions has been milking millions of dollars from state coffers through murky and inflated vehicle suppl...Published: 27 Nov 2020 at 18:23hrs | 3744 | by Staff reporter
Harare to blacklist rates defaulters
Harare City Council is contemplating blacklisting government departments and residents, who re not paying rates on time. This comes as HCC is owed $2 273 738 420 with the industrial and commer...Published: 25 Nov 2020 at 06:01hrs | 1516 | by Staff reporter
Deadlock over Old Mutual listing
THE delisting of Old Mutual from the Zimbabwe Stock Exchange (ZSE) and subsequently listing on the new Victoria Falls Stock Exchange (VFEX) is facing major hurdles, amid indications the financial inst...Published: 20 Nov 2020 at 06:09hrs | 672 | by Staff reporter
VFEX gets off the mark as Seed Co Int registers its first trade
The Victoria Falls Stock Exchange registered its first trade this morning, two weeks after its launch. Its sole listed stock Seed Co International, which was yesterday granted full fungibility status,...Published: 06 Nov 2020 at 20:06hrs | 651 | by Staff reporter
Govt restores Seed Co International fungibility
Government has restored full fungibility of Seed Co International shares following the relisting of the company on the Victoria Falls Stock Exchange. It is also part of efforts by the Finance Minister...Published: 06 Nov 2020 at 07:10hrs | 704 | by Staff reporter
SeedCo International delists from ZSE, debuts on VFEX
LEADING seed producer and distributor, SeedCo International Limited, will delist from the Zimbabwe Stock Exchange (ZSE) with effect from today and shift focus to the foreign currency denominated Victo...Published: 23 Oct 2020 at 08:27hrs | 460 | by Staff reporter
Hostilities persist in Chamisa party
HOSTILITIES in the Nelson Chamisa-led MDC Alliance are escalating with each passing day amid complaints that its elections directorate approved unqualified candidates to contest the Highfield West pri...Published: 21 Oct 2020 at 22:18hrs | 3702 | by Staff reporter
De-listing wave hits ZSE
FIVE counters have announced plans to de-list from the Zimbabwe Stock Exchange (ZSE), precipitating fears that a new forex-denominated bourse planned for Victoria Falls could ground one of Africa's ol...Published: 16 Oct 2020 at 07:19hrs | 3462 | by Staff reporter
Fresh headway in stock market plan
ZIMBABWE inched closer to establishing the Victoria Falls Stock Exchange (VFEX) on Friday, after the central bank and the Zimbabwe Stock Exchange (ZSE) inked a deal spelling out terms of a settlement ...Published: 11 Oct 2020 at 10:59hrs | 402 | by Staff reporter
Victoria Falls exchange primed to be the best
Government plans to make the Victoria Falls Stock Exchange (VFEX), which will provide an avenue for foreign currency listings, one of the best in the region whose rules and regulations are in line wit...Published: 11 Oct 2020 at 10:02hrs | 290 | by Staff reporter
Zanu-PF land invaders attack police officers
SUSPECTED rowdy Zanu-PF land invaders at a farm in Bromley, 48km southeast of Harare, on Monday attacked police officers deployed to evict them to pave way for the farm owner.One of the police...Published: 07 Oct 2020 at 07:07hrs | 1452 | by Staff reporter
Zimbabwe engages financial advisors for US$3,5bn farmer compensation
THE Government is seeking international financial advisors to assist in raising US$3,5 billion the country requires under the Global Compensation Deed to pay former farm owners.The former farm...Published: 04 Oct 2020 at 10:01hrs | 473 | by Staff reporter
Zimbabwe govt pleads with sceptical investors over Victoria Falls bourse
FINANCE minister Mthuli Ncube has assured investors that they will be legally empowered to repatriate their earnings on the Victoria Falls Stock Exchange (VFSE).This comes in the wake of an es...Published: 02 Oct 2020 at 07:46hrs | 1641 | by Staff reporter
Teachers, govt clash over schools opening
The standoff between the government and teachers yesterday reached tipping point with all teachers' unions declaring total job action while government sought to placate the angry educators and at the ...Published: 27 Sep 2020 at 08:26hrs | 4007 | by Staff reporter
Cabinet puts state firms up for sale
CABINET on Tuesday resolved to finalise the privatisation of perennial loss-making parastatals and state-owned enterprises by year-end after Finance minister Mthuli Ncube reported that it had become u...Published: 25 Sep 2020 at 07:54hrs | 1100 | by Staff reporter
Ray Kaukonde being probed by ZACC
The legal dispute over the status of a 1 000ha farm in Goromnzi has sucked in former Mashonaland East Governor Ray Kaukonde who is now under investigation by the Zimbabwe Anti-Corruption Commission (Z...Published: 22 Sep 2020 at 06:26hrs | 1402 | by Staff reporter
Zanu-PF in flames over DCC polls
DIVISIONS have rocked the ruling Zanu-PF party over its impending district co-ordinating committee (DCC) elections amid reports of plots by party bigwigs to impose candidates as internal succession wa...Published: 15 Sep 2020 at 06:25hrs | 866 | by Staff reporter
Dual-listed counters to remain suspended
THE Zimbabwe Stock Exchange (ZSE), in consultation with Treasury, has advised dual-listed firms to move their listings to the Victoria Falls Stock Exchange (VFEX) to avoid possible manipulation of exc...Published: 03 Sep 2020 at 06:17hrs | 664 | by Staff reporter
POSB to partially privatise and list by February 2021
POSB anticipates having identified ideal investors by the end of February 2021, which will culminate in its partial privatisation and subsequent listing on the stock exchange. In its resu...Published: 01 Sep 2020 at 18:42hrs | 899 | by Staff reporter
Zimstat on door-to-door enumeration exercise
THE Zimbabwe National Statistics Agency (Zimstat) is carrying out a nationwide door-to-door enumeration exercise as it prepares for a Covid-19 Epidemiological Prevalence Survey to be conducted next mo...Published: 26 Aug 2020 at 07:08hrs | 547 | by Staff reporter
80 firms keen to participate on Vic-Falls Stock Exchange
A TOTAL of 80 firms in the financial and capital markets have expressed interest to participate at the soon to be established Victoria Falls Stock Exchange (VFEX). VFEX is a wholly-owned subsi...Published: 24 Aug 2020 at 07:10hrs | 668 | by Staff reporter
Zimbabwe economy finally being 'rigged'
Nelson Chamisa and his MDC-Alliance lost the election in the July 2018 elections of the post-Mugabe era.Reacting to this loss, he cockily pronounced that it was of no consequence.His a...Published: 23 Aug 2020 at 11:10hrs | 817 | by Ambassador Chris Mutsvangwa
Zanu-PF stands by Tagwirei, Sakunda
Zanu-PF has castigated the United States for listing businessman Mr Kudakwashe Tagwirei and his company Sakunda Holdings on the sanctions list saying there was no justification for doing so.In...Published: 16 Aug 2020 at 08:12hrs | 360 | by Staff reporter
TelOne threatens subscribers
TelOne has sent out e-mails to its subscribers threatening them with being blacklisted. State-owned telecommunications concern is owed more than ZW$500 million by, among others, government ent...Published: 14 Aug 2020 at 19:18hrs | 5064 | by Staff reporter
Fresh details emerge in Noic pipeline saga
FRESH details have emerged that Treasury directed the state-owned National Oil and Infrastructure Company (Noic) to handpick only one firm to supply 720 million litres of fuel over 24 months, in a pro...Published: 07 Aug 2020 at 09:03hrs | 1342 | by Staff reporter
BREAKING: Kuda Tagwirei added on America sanctions list
Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Kudakwashe Regimond Tagwirei (Tagwirei) for providing support to the leadership of the Government of Zim...Published: 05 Aug 2020 at 16:14hrs | 4138 | by US Treasury
ZSE reopens amid $240m loss
THE Zimbabwe Stock Exchange (ZSE) will resume trading tomorrow after a month-long government shutdown that saw the bourse losing at least $240 million in potential revenue.On June 29, the gove...Published: 02 Aug 2020 at 09:21hrs | 393 | by Staff reporter
ZSE to resume trading on 3 August 2020
The Zimbabwe Stock Exchange is set to resume trading on August 3, 2020 without three of the dual-listed stocks, which have been suspended to allow further consultations. In a statement, F...Published: 28 Jul 2020 at 17:42hrs | 563 | by Staff reporter
Old Mutual to stop trading its shares on the Zimbabwe Stock Exchange
Old Mutual is poised to stop trading its shares on the Zimbabwe Stock Exchange, the latest step in the government's efforts to bring order to its chaotic foreign-exchange market.The insurer ag...Published: 27 Jul 2020 at 21:33hrs | 3701 | by Bloomberg
Zimbabwe police sued for tightening COVID-19 lockdown measures
A Harare woman has approached the High Court seeking an order to set aside increased demands by police officers enforcing the country's Covid-19 lockdown measures at checkpoints.In her court c...Published: 27 Jul 2020 at 19:44hrs | 1731 | by Staff reporter
Stiffer conditions to pass roadblocks
Police at roadblocks will now be seeking more detailed documentation signed by an employee's chief executive officer or general manager so that those legitimately going to work in an essential service...Published: 27 Jul 2020 at 08:45hrs | 1055 | by Staff reporter
Zimbabwe govt, Old Mutual smoke peace pipe
GOVERNMENT is set to hold a crucial meeting with Old Mutual over the standoff between the two parties in which the largest financial services company has been accused of stoking currency volatility on...Published: 24 Jul 2020 at 08:21hrs | 4761 | by Staff reporter
Plans afoot to reopen ZSE
The government may allow trade on the Zimbabwe Stock exchange (ZSe) to resume as early as this week, according to three people familiar with the situation.The plans for the reopening have yet ...Published: 19 Jul 2020 at 09:23hrs | 1102 | by Bloomberg
'Mthuli economic review damp squib'
ZIMBABWE'S main opposition MDC Alliance party yesterday described the 2020 midterm budget and economic review statement presented by Finance Minister Mthuli Ncube as a damp squib for failing to addres...Published: 17 Jul 2020 at 07:46hrs | 1229 | by Staff reporter
ZSE resumes trading
The Zimbabwe Stock Exchange (ZSE) will resume the trading of shares next week minus three fungible securities, nearly a month after the local bourse was forced to suspend trades on allegations of spec...Published: 16 Jul 2020 at 08:03hrs | 2962 | by Staff reporter
Zanu-PF recommends Victoria Falls Stock Exchange for Old Mutual
The country's ruling party, Zanu-PF has called for the compulsory delisting of Old Mutual from the Zimbabwe Stock Exchange but to protect its local shareholders, it has recommended that it lists on th...Published: 14 Jul 2020 at 20:11hrs | 1837 | by Staff reporter
Zanu-PF wants Old Mutual out of Zimbabwe Stock Exchange, fungibility at risk
Zimbabwe's ruling party wants Old Mutual's listing on the Zimbabwe Stock Exchange terminated, an official said, clarifying a weekend statement in which it called for the company to be "ejected" from t...Published: 14 Jul 2020 at 11:43hrs | 3141 | by Bloomberg
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