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Govt, industry in prices deadlock
GOVERNMENT and business yesterday reached an impasse over arbitrary price hikes after a lengthy meeting between Industry and Commerce minister Mangaliso Ndlovu and captains of industry in the capital....Published: 5 hrs ago | 572 | by Staff reporter
RBZ allays basics shortage fears
The supply of basic goods is expected to increase towards the festive season, spurred by Government intervention through the indefinite suspension of Statutory Instrument (SI) 122 of 2017, and the pro...Published: 6 hrs ago | 910 | by Staff reporter
Govt rules out price controls
Government will not impose price control measures, but employ a host of strategies to ensure commodity prices are stable and that there will be adequate supplies, Industry and Commerce Minister Mangal...Published: 6 hrs ago | 687 | by Staff reporter
The new dispensation: One year on
This week last year Zimbabwe went through the epoch-making Operation Restore Legacy which culminated in the resignation of former President Robert Mugabe on 21 November and the ascension of President ...Published: 19 hrs ago | 1416 | by Nobleman Runyanga
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: 20 hrs ago | 6542 | by Staff reporter
Zimbabwe festive season shaping up well
In a development that bodes well for the festive season, retailers say they are now operating at near full capacity after a turbulent few weeks which saw panicking Zimbabweans besieging supermarkets f...Published: 23 hrs ago | 781 | by Staff reporter
Gweru MP to sue police over vendors' confiscated wares
Gweru Urban MP Brian Dube (MDC Alliance) says he is preparing a court challenge to compel police to return various commodities they confiscated from vendors operating inside Gweru's Kudzanayi long dis...Published: 19 Nov 2018 at 06:11hrs | 483 | by Staff reporter
Govt to meet business over prices
GOVERNMENT is today expected to meet manufacturers and retailers in a bid to address price hikes, a Cabinet minister confirmed yesterday. The country witnessed astronomical increases of basic ...Published: 19 Nov 2018 at 05:33hrs | 1478 | by Staff reporter
Mpilo Hospital goes up in smoke
A doctor was injured while property worth thousands of dollars was destroyed yesterday when Mpilo Central Hospital doctors' quarters in Bulawayo was gutted by fire.Officials said they were sti...Published: 18 Nov 2018 at 07:36hrs | 313 | by Staff reporter
'We saw fire consume fellow passengers'
A SOMBRE atmosphere fills the air as relatives and passers-by watch in disbelief at the charred remains of a bus which has somewhat been turned into a mass grave.The remains of people that hav...Published: 18 Nov 2018 at 07:35hrs | 423 | by Staff reporter
'Arbitrary arrests, detention rise'
The month of October witnessed an increase in cases of arbitrary arrests and detention, the Human Rights NGO Forum has said in its Organised Violence and Torture Report for October.This follow...Published: 17 Nov 2018 at 15:48hrs | 1570 | by Staff reporter
Ginimbi denied bail in $3,5m fraud, money-laundering case
SOCIALITE and businessman Genius Kadungure, popularly known as Ginimbi, was yesterday denied bail by a Harare magistrate in a case in which he is accused of prejudicing Treasury of $3,5 million in a t...Published: 17 Nov 2018 at 06:53hrs | 2330 | by Staff reporter
Packaging manufacturers backtrack on decision to sell in forex: Millers
MILLERS have said manufacturers of packaging materials have agreed to reverse their decision to sell their products in foreign currency while also revising downwards prices payable in RTGS.Gra...Published: 17 Nov 2018 at 06:49hrs | 595 | by Staff reporter
Raj Modi's election challenged in court
The High Court has set down the Bulawayo South election petition for 20 November at 10 AM. MDC Alliance losing candidate Muvirimi Francis Mangwendeza petitioned the High Court, seeki...Published: 16 Nov 2018 at 18:13hrs | 3563 | by Mandla Ndlovu
Where are you Mr President ED Mnangagwa
First off, let me confess that I was the happiest man to see you ascend to the post of the President of Zimbabwe but that euphoria is quickly running thin.My dismay has many sources but today ...Published: 16 Nov 2018 at 15:14hrs | 7600 | by Sam Wezhira
Chamisa refuses to testify, wants 'thanked for preserving peace' - nonsense, preserved Zanu PF, yes
The Commission of inquiry chaired by former South African President Kgalema Motlanthe, into the killing of seven unarmed civilians on 1 st August 2018 is now entering its home straight. Many p...Published: 15 Nov 2018 at 22:11hrs | 2623 | by Nomusa Garikai
Illicit trade in foreign currency must cease
Recent action by government in which it imposed 10-year custodial sentences on illegal foreign currency dealers was overdue although more should be done to exterminate the practice completely....Published: 15 Nov 2018 at 12:55hrs | 1304 | by Staff reporter
A year after Robert Mugabe in Zimbabwe
Zimbabwean politics appear to have changed due to the media reportage of the past twelve months since Robert Mugabe's ouster in the political scene. The question of a new Zimbabwe in the name of the n...Published: 15 Nov 2018 at 12:29hrs | 717 | by Brian Maregedze
A year after Mugabe, hopes for a new Zimbabwe still low
A year since a trio of army generals held former Zimbabwean President Robert Mugabe under house arrest as part of a 10-day military operation that enabled his protege, Emmerson Mnangagwa, to take powe...Published: 15 Nov 2018 at 09:19hrs | 944 | by Aljazeera
Mnangagwa to monitor companies allocated forex by RBZ
GOVERNMENT has proposed the establishment of a Foreign Currency Utilisation Monitoring Mechanism to monitor companies that receive foreign currency from the central bank.Addressing a Press bri...Published: 15 Nov 2018 at 06:00hrs | 2491 | by Staff reporter
Modi invited to India gold summit
THE Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate in the second edition of the India Gold and J...Published: 15 Nov 2018 at 05:49hrs | 596 | by Staff reporter
Schools seek permission to close early
At least five boarding schools in Manicaland are seeking permission to either increase boarding fees or close early citing dwindling food supplies due to shortages on the market and high prices on ava...Published: 15 Nov 2018 at 05:32hrs | 1588 | by Staff reporter
A 'Operation restore citizen-power' only path to Zimbabwe's prosperity
As Zimbabwe commemorates last year's military intervention that led to the removal of long-time president Robert Gabriel Mugabe, and replaced by his then recently expelled deputy Emmerson Dambudzo Mna...Published: 14 Nov 2018 at 08:56hrs | 990 | by Tendai Ruben Mbofana
WATCH: Mnangagwa approves 11 projects worth $5.3 billion
The Chief Secretary to the President and Cabinet circulated for the information of Cabinet a list of eleven projects which have been approved by His Excellency the President for immediate impleme...Published: 13 Nov 2018 at 16:21hrs | 3861 | by Staff reporter
Beer price back to normal
Beer price which had more than doubled over the past weeks has normalised, while charges for other beverages have also significantly come down.A pint of beer had shot up to $5 owing to panic b...Published: 12 Nov 2018 at 18:19hrs | 5327 | by Staff reporter
Supply, price of commodities normalise
Interventions by the government to normalise the supply of goods especially fuel and basic commodities are bearing fruit as fuel queues have disappeared with supermarkets shelves filled to the brim an...Published: 12 Nov 2018 at 18:17hrs | 5390 | by Staff reporter
Zimbabwe economic pain not being shared
Finance minister Mthuli Ncube's recent confirmation that government will soon buy vehicles for parliamentarians exposes government's insincerity in tackling its ballooning budget deficit.It al...Published: 12 Nov 2018 at 10:51hrs | 3549 | by Staff 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 | 2673 | by Staff reporter
Chamisa needs better advisers
I always say politics is not for short-term schemers and this is proving true indeed. At a time the majority of Zimbabweans are having their brains full to find ways on how the economy can be mended, ...Published: 12 Nov 2018 at 05:23hrs | 757 | by Ranson Madzamba
New law on illegal currency trading welcome
WE welcome President Emmerson Mnangagwa's decision to use temporary powers for a new law that will see illegal currency traders being sentenced to up to 10 years in jail, while ill-gotten wealth will ...Published: 12 Nov 2018 at 05:23hrs | 2343 | 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
Why has Africa not developed after attaining independence?
Dear AfricaI grew up thinking that Africa was once referred to as a dark continent because most of its inhabitants are dark in complexion. Honestly it didn't bother me because to me black is r...Published: 11 Nov 2018 at 09:21hrs | 504 | by Munya Shumba
Mnangaga ready to deal with Chamisa and his followers
Government has drawn a line in the sand following threats by the main MDC party to roll out a series of protests in order to get President Emmerson Mnangagwa's administration to end a full-blown econo...Published: 10 Nov 2018 at 16:49hrs | 15432 | by Staff reporter
Schools in USD fees U-turn
A number of private schools that were contemplating charging their fees in foreign currencies are now backtracking on the idea which could have pushed away some of their learners.In the wake o...Published: 10 Nov 2018 at 16:46hrs | 4915 | by Staff reporter
Zimra puts cap on imported goods
THE Zimbabwe Revenue Authority (Zimra) has set the maximum quantities of good cross-border travellers can import for personal use that can be covered under the traveller's rebate.Travellers re...Published: 10 Nov 2018 at 11:06hrs | 1217 | by Staff reporter
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 153 | by Staff reporter
Travellers' rebate unchanged: Zimra
The Zimbabwe Revenue Authority (ZIMRA) has emphasised that it will remove the traveller's rebate for people who bring in goods in excess of $200. This comes as the Government indefinitely susp...Published: 10 Nov 2018 at 10:36hrs | 576 | by Staff reporter
Bread supplies improve
Bread supplies have improved in most parts of the country due to increased flour supplies, the Grain Millers Association of Zimbabwe (GMAZ) has said. Over the past weeks bread has been in shor...Published: 10 Nov 2018 at 10:35hrs | 346 | by Staff reporter
Commodity broker Kelvin Mazhandu to build Mqabuko plaza
Zimbabwean born commodity broker Kelvin Mazhandu is set to construct the biggest mall in Bulawayo in honour of the later Father Zimbabwe Joshua Mqabuko Nyongolo Nkomo.Mazhandu who is based in ...Published: 09 Nov 2018 at 19:19hrs | 3688 | by Mandla Ndlovu
Chinamasa refuses to meet World Banks officials
THE World Bank is making efforts to meet former Finance and Economic Development Minister and ZANU-PF secretary for finance Patrick Chinamasa to discuss "critical economic issues" according to a repor...Published: 09 Nov 2018 at 16:57hrs | 5245 | 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 | 5916 | by Staff reporter
Mangudya lost his cool under pressure from legislators
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budget seminar in Bulawayo who took him to ta...Published: 09 Nov 2018 at 16:41hrs | 5056 | by Staff reporter
Zimbabweans should shun MDC demonstrations
At a moment when the economy is facing temporary economic challenges, the opposition has decided to politicise the situation, blaming Government for failing to redress these challenges. It has...Published: 09 Nov 2018 at 09:53hrs | 3538 | by Anesu Pedzisayi
'Rushed currency reform could harm Zimbabwe economy'
Rushing to implement currency reforms without sufficient stocks of foreign currency to back up the transition would have serious adverse effects on Zimbabwe's economy, which would cause suffering of c...Published: 09 Nov 2018 at 06:22hrs | 3552 | by Staff reporter
Fuel dealer arrested
A SUSPECTED black market fuel dealer who turned violent upon being arrested by police officers while trying to pump hundreds of litres of diesel into a dilapidated, engineless truck at a filling stati...Published: 08 Nov 2018 at 07:01hrs | 5997 | by Staff reporter
Fadzayi Mahere's letter to Mthuli Ncube
Top lawyer and civil rights activist, Advocate Fadzai Mahere has taken it upon herself to seek clarification from Finance Minister Mthuli Ncube on what President Mnangagwa really meant when he said we...Published: 07 Nov 2018 at 16:37hrs | 10415 | by Mandla Ndlovu
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 | 2199 | by Tendai Kamhungira
Mnangagwa's business dance, Masiyiwa's compliance
President Emmerson Mnangagwa recently held a consultative meeting with Zimbabwe's business sector. This came against the backdrop of a national economic crisis largely caused by a new monetary policy ...Published: 07 Nov 2018 at 06:21hrs | 1922 | by Takura Zhangazha
Local content creators expected Kwese shutdown
LOCAL content creators have reacted to the closure of Econet's Kwese TV saying it was inevitable. The media group last week announced that it would be closing their Kwese satellite services from Novem...Published: 07 Nov 2018 at 06:08hrs | 955 | by Staff reporter
Mthuli Ncube to present 2019 budget on November 22
FINANCE minister Mthuli Ncube has said he will present his maiden budget statement on November 22, in what will be a litmus test of how he will address Zimbabwe's economic crisis.Shortages of ...Published: 07 Nov 2018 at 06:07hrs | 983 | by Staff reporter
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