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Mugabe boys laying low as govt cracks down on big-spenders
Following the decision by President Emmerson Mnangagwa to fight corruption – particularly in government and the business sector – several public figures have been either briefly caged, released on...Published: 20 Nov 2018 at 11:08hrs | 4203 | by TimesLive.co.za
Mnangagwa govt told to dollarise now
Daily News writer Pauline Hurungudo interviews Steve Hanke, a professor of applied economics at The Johns Hopkins University and senior fellow at the Cato Institute.Over four decades, Hanke ha...Published: 19 Nov 2018 at 15:57hrs | 6898 | by Staff reporter
'China can assist with Zimbabwe re-industrialisation'
China has the potential to finance Zimbabwe's re-industrialisation strategy following a significant increase in trade between the two countries, economic analysts have said.This comes as China...Published: 19 Nov 2018 at 12:39hrs | 992 | by Staff reporter
Inept bosses cost Zinara US$200m
The Zimbabwe National Road Administration (Zinara) has suffered a financial loss in excess of US$200 million due to incompetence and lack of expertise by its senior managers to negotiate contracts ben...Published: 19 Nov 2018 at 05:39hrs | 579 | by Staff reporter
$17m unaccounted for in Mugabe's nephew-led Youth ministry
At least $17 million was unaccounted for by the Youth, Indigenisation and Economic Empowerment ministry, Auditor General Mildred Chiri has said.In her 2017 report, the AG said the ministry fai...Published: 18 Nov 2018 at 11:45hrs | 4279 | by Staff reporter
Thumeza changing logistics landscape in Bulawayo
My name is Gugulethu Siso and I am the Founder and CEO of Thumeza which is registered as a Private Business Corporation. Thumeza is a delivery solutions provider focused on on-demand and last mile del...Published: 17 Nov 2018 at 12:43hrs | 1667 | by Gugulethu Siso
Zimbabwe should start embracing agrobusiness as priority of turning around the economy
Agriculture have to be in the centre stage in plans for the revival of Zimbabwe's ailing economy. Getting agriculture moving in Zimbabwe is a big task. The radical land reform of 2000 has left many ou...Published: 15 Nov 2018 at 14:02hrs | 861 | by Enos Denhere
Mnangagwa fingered in $1million Potraz fraud
Exiled former G40 Kingpin Professor Jonathan Moyo has alleged that President Emmerson Mnangagwa instructed disgraced former Minister of ICT Supa Mandiwanzira to transfer $1million to Zimbabwe Football...Published: 14 Nov 2018 at 10:45hrs | 5850 | by Mandla Ndlovu
Govt okays council's non-performers' retrenchment
HARARE mayor Herbert Gomba has disclosed that government recently approved plans by the local authority to retrench non-performing senior managers and staff, with "substantial" funds set to be put asi...Published: 14 Nov 2018 at 05:52hrs | 545 | by Staff reporter
Illegal $1m Potraz loan to Zifa under scrutiny
FORMER Cabinet ministers Makhosini Hlongwane (Sport) and Supa Mandiwanzira (ICT) are both set to be summoned to appear before Parliament, where they will be quizzed over loans that were advanced to th...Published: 14 Nov 2018 at 05:44hrs | 337 | by Staff reporter
Foreign suppliers threaten TelOne services over $18m debt
STATE-OWNED telecoms operator, TelOne, has been threatened with service disruption by critical foreign suppliers, who include West Indian Ocean Cable Company (Wiocc) and China-EximBank, among others, ...Published: 14 Nov 2018 at 05:43hrs | 270 | by Staff reporter
Zinara bosses off the hook
THE National Prosecuting Authority (NPA)'s bid to revive corruption charges against five Zimbabwe National Roads Administration (Zinara) bosses yesterday hit a snag after the Supreme Court threw out t...Published: 14 Nov 2018 at 05:37hrs | 554 | by Staff reporter
'Arrest Mangudya now for $1billion loot' whistleblower demands
Whistleblower Prisca Mutema has heightened her call for President Emerson Mnangagwa , Finance minister Mthuli Ncube and General Constantino Chiwenga to probe Reserve Bank Governor John Panonetsa Mangu...Published: 13 Nov 2018 at 12:00hrs | 8276 | by Mandla Ndlovu
Ncube needs consistency
Finance minister Mthuli Ncube will present his maiden National Budget next week Thursday against a background of huge economic challenges and public expectation that he is the man to help Zimbabwe out...Published: 13 Nov 2018 at 11:28hrs | 2186 | by Staff reporter
Harare to roll out pre-paid water meters in January
HARARE City Council says it will roll out pre-paid water meters in January next year, with an initial target of 100 000 households, but this will be on voluntary basis after protestations by residents...Published: 13 Nov 2018 at 05:58hrs | 297 | by Staff reporter
Auditor-General raps Treasury
Auditor-General Ms Mildred Chiri has rapped Treasury for failing to account for 1 200 computers worth $1,1 million donated by development partners and to properly record Government indebtedness, there...Published: 13 Nov 2018 at 05:41hrs | 381 | by Staff reporter
5 Important steps to take when starting your own gym
When you reach your own optimum level of fitness, it's only natural to want to share you working out expertise with others. You have two options when following this calling in life: you could become a...Published: 12 Nov 2018 at 14:28hrs | 1297 | by Sports Reporter
'Mthuli Ncube's 2c tax unsustainable'
Industry says the controversial Intermediary Money Transfer Tax should be amended in the upcoming 2019 National Budget to improve the ease of doing business in the country.The Confederation of...Published: 12 Nov 2018 at 10:14hrs | 2677 | by Staff reporter
Mnangagwa pleads with banks over farmers
President Emmerson Mnangagwa has urged banks and the private sector to fully support farmers who are struggling because of the prevailing economic situation in the country.Responding to a plea...Published: 11 Nov 2018 at 16:26hrs | 495 | by Sytaff reporter
Zimbabwe Warriors target Arsenal starlet Reiss Nelson
Zimbabwe are set to miss out on Arsenal starlet Reiss Nelson, whose exploits at Hoffenheim have impressed England coach Gareth Southgate.Nelson, who was born in London to a Zimbabwean father a...Published: 11 Nov 2018 at 13:01hrs | 6088 | by Staff reporter
Forex shortages cripple cooking oil maker
Surface Wilmar, the country's largest cooking oil manufacturer, says it owes its external suppliers US$22 million because of acute foreign currency shortages locally.The revelations were made ...Published: 11 Nov 2018 at 12:24hrs | 570 | by Staff reporter
All eyes on Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube's maiden national budget should target the revival of the productive sectors of the economy to set the tone for revival, business has advised....Published: 11 Nov 2018 at 12:24hrs | 1249 | by Staff reporter
Mthuli screwing Zimbabweans but assures MPs vehicles
Finance minister Mthuli Ncube has promised to buy vehicles for parliamentarians, although there are still deliberations over the modalities."I am on the side of making sure that you get your v...Published: 10 Nov 2018 at 16:47hrs | 3348 | by Staff reporter
Tax rebate for job creators
GOVERNMENT is planning to introduce a tax rebate for companies that create additional jobs as part of broader fiscal policy measures aimed at stimulating the economy towards an upper middle-class stat...Published: 10 Nov 2018 at 10:32hrs | 239 | by Staf reporter
Greedy MPs demand vehicles from cash strapped Zimbabwe govt
LEGISLATORS have said the Government has taken too long to buy them service vehicles with the issue being among the most topical during the ongoing 2019 Parliamentary pre-budget seminar in Bulawayo. ...Published: 10 Nov 2018 at 09:15hrs | 462 | by Staff Reporter
Van Hoogstraten cleared of CFI insider trading
The Securities and Exchange Commission of Zimbabwe (SECZ) has cleared Nicholas van Hoogstraten's investment vehicle, Messina Investments (Private) Limited of insider trading involving shares in CFI ...Published: 09 Nov 2018 at 17:19hrs | 773 | by Staff reporter
Who's who in Zimbabwe’s cutthroat fuel sector
SIX major oil-importing entities, including the Indigenous Petroleum Association of Zimbabwe (Ipaz), Zuva Petroleum, Puma Energy, Total Zimbabwe, Petrotrade (Pvt) Ltd and Engen Petroleum Zimbawe, are...Published: 09 Nov 2018 at 18:06hrs | 5923 | by Staff reporter
'I am Zimbabwe's saviour' says Mangudya
Embattled Reserve Bank of Zimbabwe Governor Dr. John Panonetsa Mangudya has claimed that he is going out of his way to solve economic challenges happening in Zimbabwe.Addressing legislators at...Published: 09 Nov 2018 at 08:46hrs | 6042 | by Mandla Ndlovu
Banks fear hyperinflation return in plea for Zimbabwe reforms
Zimbabwean banks urged the government to introduce wide-ranging reforms amid signs the country is facing an economic crisis reminiscent of a hyper-inflationary spiral a decade ago.Finance Mini...Published: 08 Nov 2018 at 19:13hrs | 4045 | by Bloomberg
Matapi cells were uncomfortable for Mandiwanzira
FORMER ICT minister, Supa Mandiwanzira yesterday described his night at Matapi police cells in Mbare as uncomfortable.Mandiwanzira, who is facing two counts of abuse of office, spent the night...Published: 08 Nov 2018 at 17:04hrs | 3371 | by Staff reporter
Supa Mandiwanzira ordered to surrender passport, title deeds
Former Information Communication Technology minister Supa Mandiwanzira, who is facing charges of criminal abuse of office, was yesterday granted $2 000 by chief magistrate Mishrod Guvamombe.As...Published: 08 Nov 2018 at 05:38hrs | 1126 | by Staff reporter
Forex shortages hinder start-up
In 2006, Bike and Boat Bar (BBB), a Bulawayo company, started manufacturing motor cycles, a first for the country and the region. Soon after, however, the economy tanked as hyperinflation rendered the...Published: 08 Nov 2018 at 05:37hrs | 772 | by Staff reporter
Money supply growth slows
Zimbabwe's annual broad money supply (various forms of money) increased by just 1,18 percent in August to give a 38 percent rise for the year to August 2018 compared to 47 percent annual growth record...Published: 08 Nov 2018 at 05:20hrs | 832 | by Staff reporter
One year after Zimbabwe soft coup
When Zimbabwe's army took power in a bloodless coup exactly one year ago, it promised to bring happiness back by ending social and economic suffering.The military said the coup was needed to "...Published: 07 Nov 2018 at 15:03hrs | 2204 | by Tendai Kamhungira
ZACC's Goodson Nguni wanted for fraud
The Zimbabwe Anti-Corruption Commission commissioner in charge of investigations Goodson Nguni is a fugitive from justice who is wanted in South Africa to answer charges of defrauding his former emplo...Published: 07 Nov 2018 at 09:49hrs | 2756 | by Mandla Ndlovu
Mnangagwa puts Mutsvangwa to the sword
Deputy Chief Secretary to the President and Cabinet responsible for presidential communications George Charamba (GC) says President Emmerson Mnangagwa's former special advisor, Chris Mutsvangwa, shoul...Published: 06 Nov 2018 at 18:38hrs | 15743 | by Staff reporter
Mangudya's US$1 billion fraud exposed?
Whistle blower Prisca Mutema has alleged that embattled Central Bank Governor John Panonetsa Mangudya is involved in a US$1 billion fraud that saw him and his cronies benefiting from loans taken from ...Published: 06 Nov 2018 at 07:38hrs | 19089 | by Mandla Ndlovu
Chiwenga's ex-wife looted millions
A whistleblower Prisca Mutema has claimed on microblogging site, Twitter, that Jocelyn Chiwenga who is Vice President Constantino Chiwenga's former wife looted millions from various banks and she has ...Published: 05 Nov 2018 at 09:46hrs | 19959 | by Mandla Ndlovu
Mnangagwa says Mangudya beyond reproach
Despite explosive broadsides being fired at the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, the 55-year-old neoclassical economist-turned banker will stay on in his job until February 2023....Published: 04 Nov 2018 at 12:43hrs | 3456 | by Staff reporter
Life aint rosy in Jozi - even with a degree
Go to school, stay out of trouble, get a university degree and all your problems are over, right? Melissa Ndlovu's story is an eye-opener.You are unemployed and desperately need a job ngoba ti...Published: 04 Nov 2018 at 10:07hrs | 3526 | by Melissa Ndlovu in Diaspora
Lawyer convicted of $400,000 fraud
A BULAWAYO lawyer who defrauded more than $400 000 from 41 clients within a period of two years was on Friday convicted of fraud.Leslie Bhekimpilo Sibanda who was once employed at Webb, Low an...Published: 04 Nov 2018 at 09:44hrs | 1384 | by Staff reporter
New structure for Zimbabwe public service
The Public Service Commission is examining the roles, functions and mandates of Government ministries and departments as part of a process to come up with a new civil service structure.Governm...Published: 04 Nov 2018 at 08:44hrs | 956 | by Staff reporter
Mnangagwa contradicts Mthuli Ncube on farmer subsidies
Government will continue to subsidise farmers to ensure both national food security and sufficient feedstocks for local industries, which get 60 percent of their raw materials from the sector, Preside...Published: 04 Nov 2018 at 08:38hrs | 513 | by Staff reporter
Children of War Vets bay for Masiyiwa's blood
Children of War Veterans Associations has came out guns blazing accusing Strive of corruption and manipulating shareholding of a number of companies in a dubious manner. Read the full open letter to M...Published: 04 Nov 2018 at 08:04hrs | 3838 | by Mandla Ndlovu
Afreximbank pledges to continue assisting Zimbabwe
AFRICAN Export-Import Bank (Afreximbank) has pledged to continue assisting Zimbabwe meet its financial needs, saying all the loans extended to local entities by the bank have performed to expectation,...Published: 03 Nov 2018 at 12:54hrs | 1084 | by Staff reporter
'Women reeling from impact of Mthuli Ncube tax'
Government's new monetary policy is adversely affecting the quality of life of women, the Women's Coalition of Zimbabwe (WCoZ) has said.WCoZ said the new tax on electronic payments has overbur...Published: 03 Nov 2018 at 10:07hrs | 1591 | by Staff reporter
Zimbabwe gets $1 billion bailout?
The African Export Import Bank (Afreximbank) has extended a $1 billion loan to Zimbabwe to guarantee the convertibility value of Real Time Gross Settlement (RTGS) balances into United States dollars a...Published: 02 Nov 2018 at 15:08hrs | 13668 | by Staff reporter
'Sanctions costed 10s x1000s new jobs' argues Masiyiwa - rigged elections millions old and new
Many people held Strive Masiyiwa in high regard, not until the heard him say "Mnangagwa was sincere" in seeking meaningful political and economic change in Zimbabwe. Masiyiwa also argued that the sanc...Published: 02 Nov 2018 at 08:01hrs | 2216 | by Nomusa Garikai
Matemadanda demands more 'Thank You' for war vets
DEPUTY Defence minister Victor Matemadanda on Wednesday pleaded for more funding to be channelled to the war veterans' as a "Thank You" for their role during the liberation struggle.Matemadand...Published: 02 Nov 2018 at 06:11hrs | 1003 | by Staff reporter
Strive Masiyiwa 'angrily' hits back at critics
Econet boss, Strive Masiyiwa has hit back at his Twitter critics who say his statement calling for an end to sanctions is cruel and misguided. And he's very angry! Masiyiwa has limited his response to...Published: 01 Nov 2018 at 18:14hrs | 5737 | by Ndou Paul
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