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Willowton to unveil US$7m margarine plant
Willowton, a Mutare-based producer of edible oils and soaps, is about to launch a new margarine plant. The facility, currently in test runs, will begin full production in September with a monthly capa...Published: 24 Jul 2024 at 09:16hrs | 306 | by Staff reporter
Zimbabwe electricity generation to increase monthend
Power cuts being experienced across the country are expected to ease by the end of this month when power generation will increase on the back of two units being brought back to the national grid....Published: 16 Nov 2023 at 05:03hrs | | by Staff reporter
Chamisa blames Mnangagwa for soaring prices
CITIZENS Coalition for Change (CCC) President Nelson Chamisa has blamed President Emmerson Mnangagwa and Finance Minister Mthuli Ncube for Zimbabwe's runaway inflation that has seen prices of basics g...Published: 01 Jun 2023 at 06:56hrs | | by Staff reporter
Zimgold unfazed by SA imports
ONE of Zimbabwe's leading cooking oil producers, Zimgold Oil Industries said this week it was not worried about prospects of stiffer competition after government's decision to lift restrictions on the...Published: 19 May 2023 at 20:42hrs | 2 | by Staff reporter
Zimgold seeks to ramp up production
COOKING oil producer Zimgold Oil Industries has announced plans to ramp up production by increasing its crushing capacity by 67% to 100 000 tonnes annually. The company's finance director Amit Goyal m...Published: 12 May 2023 at 06:05hrs | 2 | by Staff reporter
Zimbabwe 5 years after Robert Mugabe - so, what has changed?
A climate of fear still lingers in Zimbabwe, five years after long-time ruler Robert Mugabe was deposed. As the country marks this milestone, few people are willing to speak openly about whether the g...Published: 22 Nov 2022 at 17:18hrs | 1 | by Staff reporter
Mnangagwa's Zanu-PF fears economic implosion
Zanu-PF has admitted that economic implosion is a big threat to its bid to retain power in next year's general elections.In its central committee (CC) report released last week, Zanu-PF said h...Published: 01 Nov 2022 at 05:15hrs | | by Staff reporter
Zimbabweans commemorates Heroes Day
Zimbabweans from across the political divide, joined by Ministers, mayors and senior service officers, converged at venues across the country to commemorate Heroes Day and salute the fallen and living...Published: 09 Aug 2022 at 08:19hrs | | by Staff reporter
Mnangagwa's govt throws industry under the bus
THE decision by the government to open up importation of basic commodities by citizens together with a six month suspension of duty on various products will have a damaging impact on the revival of th...Published: 21 May 2022 at 18:27hrs | 1 | by Staff reporter
Mnangagwa frets over shortages
PRESIDENT Emmerson Mnangagwa is reportedly fretting over shortages of basics, amid fears the situation could cause civil unrest.Fears abound in Zanu-PF corridors that the shortages could cost ...Published: 19 May 2022 at 06:42hrs | 8 | by Staff reporter
SA faces severe cooking oil crisis
Some experts are predicting that consumers can expect to pay up to R120 for two litres of cooking oil soon due to a severe shortage of oilseed products, according to the commercial director of Souther...Published: 12 Apr 2022 at 06:24hrs | | by Staff reporter
Surface Wilmar's plant 75% complete
THE country's biggest cooking oil manufacturer, Surface Wilmar says its US$24 million plant that is under construction in Harare will commence production in September.The plant was shut down i...Published: 06 Apr 2022 at 06:30hrs | 9 | by Staff reporter
Inside the cotton value chain
Cotton has been grown in Zimbabwe from as far back as 1940, even though production was enhanced after the establishment of the Cotton Marketing Board (CMB) in 1969. The white Gold is the second most i...Published: 09 Sep 2021 at 19:33hrs | 9 | by Victor Bhoroma
Import Substitution: A case for soya beans
For the past 10 years, Zimbabwe has produced an average of 56 000 metric tonnes (mt) of soya beans per year against national demand of 240 000 mt for food, animal feed and industrial consumption. In t...Published: 01 Sep 2021 at 15:26hrs | 16 | by Victor Bhoroma
18 forex abusers to pay penalties
The Reserve Bank of Zimbabwe yesterday listed the first 18 firms facing civil penalties under the new Statutory Instrument 127 after being caught abusing the foreign exchange auction system, with Zimb...Published: 16 Jun 2021 at 08:16hrs | | by Staff reporter
Business escalates rice tax deadlock
ZIMBABWE'S retail and wholesale industries, under pressure from Treasury to pay a controversial tax on rice in retrospect, have approached President Emmerson Mnangagwa and his deputy Vice-President Co...Published: 09 Apr 2021 at 07:37hrs | 1 | by Staff reporter
Proudly made in Zimbabwe
The advent of globalization has demonstrated that each country has expertise in a certain trade and there are commodities that resonate with certain countries more than others. It is often argued that...Published: 02 Feb 2021 at 00:25hrs | 2 | by Victor Bhoroma
Zimra, CZR escalate rice tax standoff
THE Confederation of Zimbabwe Retailers (CZR) has maintained that the Zimbabwe Revenues Authority (Zimra) is failing to interpret laws in its move to charge 15% value added tax (VAT) on rice packaged ...Published: 30 Dec 2020 at 07:32hrs | | by Staff reporter
Zambian traders flock to Victoria Falls
Zambians are taking advantage of Zimbabwe's collapsing economy to buy basic commodities from Victoria Falls for resale in the resort town of Livingstone.Products that are popular with the Zambian ...Published: 18 Aug 2019 at 09:53hrs | | by Staff reporter
ZANU PF Lack of Consultation Dragging Zimbabwe into the Abyss
The announcement of Statutory Instrument 142 of 2019 which outlawed the use of multi-currency system that has been in operation since 2009, adds another chapter, or rather a new low in ZANU PF's non-c...Published: 27 Jun 2019 at 21:38hrs | | by Farai Maguwu and Darlington Nyambiya
Zimbabwe runs out of wheat
Zimbabwe has run out of wheat and bakeries in the country may soon not be able to produce bread.One of the leading bakeries has suspended operations and other major players are holding their b...Published: 16 Jun 2019 at 09:41hrs | 2 | by Staff reporter
Surface Wilmar resumes operations
ONE of Zimbabwe's largest cooking oil manufacturers, Surface Wilmar has resumed operations after receiving foreign currency support from the Reserve Bank of Zimbabwe to kick-start operations. ...Published: 27 May 2019 at 06:28hrs | | by Staff reporter
Prices of basic commodities skyrocket
THE Consumer Council of Zimbabwe (CCZ) expects prices of basic commodities and services to skyrocket following the near 50% increase in fuel prices last Tuesday."In the costing models that hav...Published: 26 May 2019 at 13:51hrs | 2 | by Staff reporter
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 1 | by Victor Bhoroma
Price hikes thwart salary increase relief
Janet Ncube*, a nurse who like all civil servants received a 29% salary increment on Monday, got angry when she woke up to the news of an effective 94% price increase for bread only a day later....Published: 16 Apr 2019 at 18:38hrs | | by James Thompson
Olivine shuts down margarine plant
AGROPROCESSING firm, Olivine Industries Private Limited, has closed its margarine plant, management has confirmed. Olivine used to produce Buttercup margarine, Olivine cooking oil and jade soap among ...Published: 08 Apr 2019 at 06:35hrs | | by Staff reporter
'Zimbabwe's cost of living jumps by 1,21% to $790,77'
THE cost of living as measured by the Consumer Council of Zimbabwe (CCZ) for the low income urban earner grew 1,21% to $790,77 in March based on the requirements for a family of six from $781,35 in Fe...Published: 05 Apr 2019 at 06:40hrs | | by Staff reporter
Fresh price hikes hit Zimbabweans
CONSUMERS have expressed shock after major supermarkets and small scale retailers once again increased prices of some basic commodities by margins of up to 75 percent. Despite the stability in...Published: 02 Apr 2019 at 08:02hrs | 1 | by Staff reporter
Prices of basic commodities go up 200%
Prices of most basic commodities have gone up by up to 200 percent over the weekend in Zimbabwe.Retailers have argued that the price remain the same in United States Dollar terms but have incr...Published: 31 Mar 2019 at 16:31hrs | | by Methusi Ncube
Olivine Industries shuts down
Olivine Industries has announced that it will not be opening its manufacturing plant and its employees are on indefinite leave due to lack of raw materials.Olivine Industries is the producer o...Published: 11 Jan 2019 at 19:09hrs | | by Mandla Ndlovu
It's time to just re-dollarise the Zimbabwe economy
THE recent announcement by one of country's stock market leaders, Delta Beverages, that it will be selling its products in United States dollars starting tomorrow should be a wake-up call to governmen...Published: 03 Jan 2019 at 09:08hrs | 9 | by Editorial - newsday
Zimra to up surveillance on businesses
ZIMBABWE Revenue Authority (Zimra) says it will embolden its surveillance on companies and closely monitor businesses trading in forex in order to compel them to pay taxes in foreign currency....Published: 24 Dec 2018 at 19:25hrs | 1 | by Staff reporter
Millions blown on needless imports
Zimbabweans are spending a fortune in foreign currency by importing non-essential consumer goods, while importation of critical capital and intermediate goods remains depressed.This, President...Published: 09 Dec 2018 at 06:47hrs | | by Staff reporter
Duty in foreign currency
With effect from 23 November 2018 duty on importation of selected items including Surtax, Presumptive Tax and Value Added Tax payable on importation duty on importation will be paid in foreign currenc...Published: 29 Nov 2018 at 11:33hrs | | by Zimra
Duty on vehicle imports gazetted
Finance and Economic Development Minister Professor Mthuli Ncube has invoked the Customs and Excise Act and imposed duty in foreign currency on an array of goods that include vehicles and meat, in lin...Published: 26 Nov 2018 at 05:42hrs | | by Staff reporter
Zimbabwe retailers project fresh wave of price hikes
RETAILERS have projected another round of price increases after Finance minister Mthuli Ncube unveiled a budget that will see an increase in import duty for fuel and other selected goods.Ncube...Published: 25 Nov 2018 at 08:44hrs | 1 | by Staff reporter
Goods de-listed from import licence requirement
Following the gazetting of Statutory Instrument (SI) 237A of 2018, a number of goods which were formerly controlled by the Ministry of Industry, Commerce and Enterprise Development were removed from t...Published: 09 Nov 2018 at 16:59hrs | 3 | by Zimra
Mthuli Ncube probes cooking oil shortages
Finance minister Mthuli Ncube has commenced touring manufacturing firms, starting with a visit to Surface Wilmer, the largest cooking oil manufacturer in Zimbabwe.Surface Wilmar (Pvt) Ltd, sit...Published: 04 Nov 2018 at 12:40hrs | 1 | by Staff reporter
Import with your own forex, Mangudya says
Companies and individuals seeking to import basic commodities following the lifting of the import ban will have to use free funds, freeing the central bank from having to raise funds for the imports, ...Published: 26 Oct 2018 at 06:55hrs | 1 | by Staff reporter
President ED Mnangagwa is finished
The day Tuesday 23 October 2018 will never be forgotten in the economic history of Zimbabwe. It shall be remembered as a 'dark' day, a day when ZANU PF government officially announced the collapse of ...Published: 24 Oct 2018 at 09:49hrs | | by Don Chigumba
Govt Suspends Restrictions On Importing Goods
The following goods are no longer subject to SI22 of 2017 restrictions:1-Margarine 2-Stockfeeds3-Shoe Polish 4-S...Published: 23 Oct 2018 at 16:33hrs | | by Staff Reporter
'Cost of living down 0.34%,' says CCZ
THE monthly food basket for a family of six declined by 0,34 percent to $589,58 in May due to a reduction in meat prices.In its latest report, the Consumer Council of Zimbabwe (CCZ) said:...Published: 06 Jun 2018 at 07:08hrs | | by Staff reporter
WHO bans hot chips
THE World Health Organisation has banned industrially produced chips and other fatty fried foods from the global food supply to eliminate the risk of non communicable diseases that are killing million...Published: 17 May 2018 at 07:06hrs | | by Staff reporter
Monthly cost of living rises
THE Consumer Council of Zimbabwe (CCZ) has reported a 2,88% increase in the cost of living to $591,58 last month from March with a rise in the food basket contributing to the figure.In the CCZ...Published: 15 May 2018 at 07:15hrs | | by Staff reporter
Cost of living up
THE monthly food basket for a family of six increased by 0.49 percent to $591.98 in April due to the persistent cash shortages in the economy.In its latest report, the Consumer Council of Zimb...Published: 09 May 2018 at 07:00hrs | | by Staff reporter
ZANU(PF) Matabeleland South candidates list for nomination
National Assembly Bulilima East Ethel Moyo, Methias Ndlovu, Nqobizit...Published: 23 Apr 2018 at 14:26hrs | 2 | by Stephen jakes
Zanu-PF candidates list
THE ruling Zanu-PF yesterday released the full list of its candidates who have been given the green light to battle it out in the primary elections, with some party bigwigs and businessmen from Bulawa...Published: 22 Apr 2018 at 10:10hrs | 1 | by Staff reporter
Fuel price cut likely
FUEL prices are expected to decline in the near future amid indications that Government is contemplating further reducing excise duty on diesel and petrol with a view to contain price increases, Presi...Published: 19 Apr 2018 at 07:04hrs | | by Staff reporter
'Choose the right leaders,' says Mnangagnwa
President Mnangagwa has said he will not tolerate imposition of candidates in the forthcoming elections and urged Zanu-PF supporters to choose leaders who work with the people.Addressing a cro...Published: 28 Mar 2018 at 07:15hrs | | by Staff reporter
Mnangagwa opens $40m refinery plant
President Emmerson Mnangagwa yesterday officially opened the $40 million Willowton Group's refinery plant in Mutare and commended the company for responding to Government's call for beneficiation of a...Published: 24 Mar 2018 at 08:24hrs | | by Staff Reporter
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