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US sanctions on Zimbabwe's elite ricochet across economy
Callisto Jokonya stands in the cavernous factory of Imperial Refrigeration and recalls the halcyon days.In the 1990s, his factory, located in the Zimbabwean capital Harare, was buzzing....Published: 20 Jan 2022 at 05:38hrs | 904 | by Staff reporter
Zimbabwean economy suffers under US sanctions
Callisto Jokonya stands in the cavernous factory of Imperial Refrigeration and recalls the halcyon days.In the 1990s, his factory, located in the Zimbabwean capital Harare, was buzzing with a ...Published: 20 Jan 2022 at 05:31hrs | 96 | by Staff reporter
RBZ boss rules out chasing black market rates
Reserve Bank of Zimbabwe Governor, John Mangudya, is reluctant to act to narrow a widening gap between the national currency's official and black market rates, saying that businesses are to blame for ...Published: 19 Jan 2022 at 05:29hrs | 1977 | by Staff reporter
Bread price hike exposes Zimbabwe govt rot
IN the past year, Zimbabweans have been treated to sustained State propaganda to the effect that the economy is on the recovery path.But currency volatilities have continued unabated and the a...Published: 19 Jan 2022 at 05:23hrs | 1265 | by Staff reporter
Bread prices hiked
THE price of bread has gone up to $201 from $175, with bakers attributing the increase to the cost of the main ingredient, flour, coupled by escalating fuel prices.A survey by Sunday News Busi...Published: 16 Jan 2022 at 08:55hrs | 499 | by Staff reporter
Currency reforms urgently needed
REPORTS that several schools are contemplating raising fees by around 300% are shocking given the economic crunch Zimbabwe finds itself in, but is also evidence of the hard decisions the government ha...Published: 29 Dec 2021 at 05:27hrs | 2003 | by Staff reporter
School fees shocker for parents
ZIMBABWEANS should brace for a steep rise in school fees next year as learning institutions are pushing for increases of up to 300% to hedge against the depreciation of the local currency against majo...Published: 28 Dec 2021 at 07:17hrs | 1880 | by Staff reporter
Zimbabwe tops Sadc on mobile money use
Global System for Mobile Communications Association (GSMA), an association of mobile telecoms from across the world, has ranked Zimbabwe top of the Southern African Development Community (SADC)'s 16 m...Published: 28 Dec 2021 at 07:03hrs | 68 | by Staff reporter
3 people suffer bloating stomachs after feasting on isambane meat
THREE Bulawayo men, who voraciously feasted on meat of an ant-bear locally known as isambane, which was killed after it was found in Old Magwegwe near Engen Filling Station on Tuesday last week, have ...Published: 26 Dec 2021 at 18:19hrs | 4677 | by Staff reporter
'Original Ndolwane front men re-union unlikely'
Martin Sibanda of Ndolwane Super Sounds has poured cold water on calls from fans for him to re-unite with Charles Zwane and restore the original band of the 1990s.In a live video released on 1...Published: 26 Dec 2021 at 18:19hrs | 1379 | by Staff reporter
Bread price set to rise
ZIMBABWE'S baking sector has been thrown off balance by escalating fuel prices and deadly power cuts that have recently rattled the economy.So dire is the situation that some baking industry e...Published: 24 Dec 2021 at 16:39hrs | 1473 | by Staff reporter
Zimdollar sheds 2,8% against US$ at forex auction
THE Zimbabwe dollar this week slipped by 2,8 percent to trade at 108,7 against the United States dollar from last week's exchange rate of $105,7 against the greenback at the official foreign cur...Published: 12 Dec 2021 at 19:57hrs | 52 | by Staff reporter
Court reserves judgement in asset declaration lawsuit
THE High Court has reserved judgement in a matter in which an opposition legislator launched a lawsuit against the government's failure to actualise a law that forces public officials, including Presi...Published: 12 Dec 2021 at 19:42hrs | 38 | by Staff reporter
Black Friday November 14 1997
The day the Zimbabwe currency tumbled or hit the lowest mark was in 1997 when war veterans got Z$50 000 in gratuities each from the former late President Robert Mugabe’s government after they embark...Published: 29 Nov 2021 at 19:08hrs | 11 | by Leonard Koni
Why MDC is afraid of elections
RECENT reports that the MDC Alliance is mulling pulling out of next year's by-elections and the 2023 polls did not come as a surprise, but only served to confirm what this publication has stated in th...Published: 29 Nov 2021 at 05:30hrs | 2 | by Golden Guvamatanga
Graft scandal rocks govt agency
Zimbabwe's research institute under the Higher and Tertiary Education, Innovation Science and Development ministry has been rocked by reports of graft, maladministration and corporate misgovernance co...Published: 28 Nov 2021 at 08:03hrs | 1 | by Staff reporter
'Stop criminalising human rights defenders'
HUMAN rights defenders have been under siege in the Sadc region amid calls for governments to respect the law, democracy and rights.The Southern Africa Human Rights Defenders Network (SAHRDN) ...Published: 22 Nov 2021 at 06:12hrs | 1 | by Staff reporter
Graft scandal rocks govt agency
Zimbabwe's research institute under the Higher and Tertiary Education, Innovation Science and Development ministry has been rocked by reports of graft, maladministration and corporate misgovernance co...Published: 21 Nov 2021 at 08:26hrs | 1 | by Staff Reporter
Zimdollar breaches $100 mark against US$
THE Zimbabwe dollar further crashed against the United States dollar at the Reserve Bank of Zimbabwe (RBZ) foreign currency (forex) auction, with data from the central bank forex auction conducted yes...Published: 17 Nov 2021 at 05:37hrs | | by Staff reporter
Zimbabwe to import 400MW to bridge power deficit
STATE power utility, Zesa Holdings, intends to import up to 400 megawatts from Mozambique and Zambia as part of measures to end a debilitating power crisis, a senior executive said.This comes ...Published: 15 Nov 2021 at 05:20hrs | 1 | by Staff reporter
Bankers plan to establish a new financial behemoth
ON 3 September 2021, The NewsHawks exclusively published a story that government, bankers and investors, including local business tycoon Kudakwashe Tagwirei, are working on a plan to create the bigges...Published: 13 Nov 2021 at 17:45hrs | 59 | by Staff reporter
Court reserves judgement in asset declaration lawsuit
THE High Court has reserved judgement in a matter in which an opposition legislator launched a lawsuit against the government's failure to actualise a law that forces public officials, including Presi...Published: 13 Nov 2021 at 05:59hrs | 1 | by Staff reporter
'Give war vets US$200 monthly pension'
UMZINGWANE legislator Levi Mayihlome (Zanu-PF) has urged government to pay pensioners including war veterans a minimum of US$200 in monthly pensions to cushion them against the high cost of living in ...Published: 11 Nov 2021 at 06:23hrs | 5 | by Staff reporter
Zimbabwe's banks overwhelmed
ZIMBABWE'S banking system has been overwhelmed by rocketing demand for United States dollars on the foreign currency auction system, the central bank said on Tuesday, as it moved to adjust bidding lea...Published: 10 Nov 2021 at 05:34hrs | 1 | by Staff reporter
Most expensive Jordan items now worth close to $5M after record sale
For many NBA fans, Michael Jordan remains the Greatest of All Time nearly 3 decades after his first retirement. This is despite the emergence of elite talents such as Kobe Bryant, Lebron James and Kev...Published: 07 Nov 2021 at 18:08hrs | 25 | by Staff Writer
Official Zimdollar rate weakens by 1,9 % on the RBZ auction
THE official exchange rate recorded a slight decline of 1,9 % on the Reserve Bank of Zimbabwe (RBZ) foreign currency auction platform amid lucrative allotments to support the key productive sectors of...Published: 03 Nov 2021 at 05:14hrs | 1 | by Staff reporter
NetOne mobile broadband to drive financial inclusion
NETONE says its recently launched national mobile broadband (NMBB) programme will enhance the country's efforts towards expanding financial inclusion through the firm's mobile money platform, One Mone...Published: 25 Oct 2021 at 05:22hrs | | by Staff reporter
Govt needs to stabilise bread and butter prices
THE looming increase in bread price will pile pressure on the country's citizens already battling a wildly inflationary environment aided by poor monetary policies by Treasury.To say that the ...Published: 12 Oct 2021 at 05:00hrs | | by Eddie Cross
Top economist warns of Zimbabwe dollarisation
ZIMBABWE is expected to dollarise its economy because of the collapse of the local currency and the failure of its auction system to stabilise the exchange rate, renowned scholar and economist Gift Mu...Published: 11 Oct 2021 at 05:00hrs | 1 | by Staff reporter
Cash-only businesses dodging taxes
Harare's downtown businesses and other informal sector players have found a way of avoiding taxes by demanding cash transactions only, and strictly in US dollars, forcing customers to buy the greenbac...Published: 10 Oct 2021 at 05:35hrs | 1 | by Staff reporter
Mnangagwa surrounded by dodgy characters
ALMOST four years after getting into power, riding on the narrative of removing criminals that had surrounded the then president Robert Mugabe, President Emmerson Mnangagwa's circle of associates and ...Published: 09 Oct 2021 at 06:36hrs | 2 | by Staff reporter
Rautenbach enjoys Zanu-PF links
MULLER Conrad "Billy" Rautenbach is one of the most controversial business moguls in Zimbabwe, with several legal challenges against him and his company Green Fuel. Rautenbach, who is into vast mining...Published: 09 Oct 2021 at 06:35hrs | | by Staff reporter
Mnangagwa launches Zimbabwe's own msuzwane cough syrup
PRESIDENT Emmerson Mnangagwa was Wednesday the guest-of-honour at the launch in Harare of Zimbabwe's own cough syrup COFSOL – manufactured using the country's natural resources, including the Msuzwa...Published: 06 Oct 2021 at 20:02hrs | 1 | by Staff reporter
Forex abusers, money laundering kingpins not deterred by arrests
Foreign currency abusers and money laundering kingpins continue to defy the law despite recent arrests, a situation that has resulted in the eroding of incomes and unnecessary suffering.The ex...Published: 06 Oct 2021 at 04:46hrs | 1 | by Staff reporter
Prophet Isaiah Brian Sovi strikes again...foretells Pandora Papers leak
Prominent Televangelist and Prophet Isaiah Brian Sovi prophesied the leaking of the Pandora Papers which have caused brouhaha all over the world. A Facebook post from his official page reveal ...Published: 05 Oct 2021 at 14:50hrs | 5 | by Mandla Ndlovu
Inside Zimbabwean tycoon Billy Rautenbach's offshore family trust
Records from a massive offshore data leak have provided the most detailed account yet of buccaneering mining and fuel magnate Billy Rautenbach's family empire.It started with a marriage settle...Published: 05 Oct 2021 at 05:40hrs | 3 | by Daily Maverick
We declare war against greed
At no time in our recent past has the country's economic vitals looked any healthier.Between January and June this year, exports topped US$2,5 billion, which represents a 35 percent improvemen...Published: 03 Oct 2021 at 07:09hrs | | by Staff reporter
The Law is struggling to keep up with technology
Now that the cyber security and data protection bill is awaiting the signature of the President of Zimbabwe to become law. The purpose of the bill is to consolidate cyber related offences and provide ...Published: 30 Sep 2021 at 12:44hrs | | by Jacob Kudzayi Mutisi
Who is causing parallel market rates to spike?
FOR the past 18 months, Zimbabwe's economy has been on a rebound, assisted by a stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector p...Published: 30 Sep 2021 at 06:20hrs | | by Dr Tim Rainhard
Simbisa in US$19,3m expansion drive
RESTAURANT chain, Simbisa Brands Limited (SBL) will spend US$19,3 million on 92 new stores for its 2022 financial year as it seeks to expand its footprint.This comes as part of the group's eff...Published: 29 Sep 2021 at 05:43hrs | 1 | by Staff reporter
Who is causing parallel market rates to spike?
For the past 18 months, the country's economy has been on a rebound, assisted by the stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector po...Published: 23 Sep 2021 at 18:35hrs | 1 | by Dr Tim Rainhard
Ex-Pirates coach wants Warriors job
THE Warriors coaching job continues to attract interest of top coaches, with former Orlando Pirates coach Joseph Zinnbauer reported to be among several other candidates who have submitted their CVs fo...Published: 23 Sep 2021 at 05:21hrs | 4 | by Staff reporter
'Zimbabwe food security remains low,' says USAid
THE United States Agency for International Development (USAid) food security arm, Famine Early Warning Systems Network (Fewsnet) says household food stocks are beginning to run low as the surging cost...Published: 14 Sep 2021 at 05:13hrs | | by Staff reporter
Robert Gabriel Mugabe: The killer of our dreams
THIS week marks the second anniversary of the death of Robert Gabriel Mugabe, the first prime minister of an independent Zimbabwe, on April 18, 1980.While we acknowledge the fact that there ar...Published: 12 Sep 2021 at 07:59hrs | 1 | by Kenneth Mufuka
Bureaux de change start selling US dollars to public
BUREAUX de change yesterday started selling foreign currency to ordinary walk-in customers as per the resolutions of Reserve Bank of Zimbabwe monetary policy committee MPC) meeting last month to promo...Published: 10 Sep 2021 at 06:19hrs | 4 | by Staff reporter
'Chiwenga threatens Marry's doctors'
VICE-PRESIDENT and Health minister Constantino Chiwenga is reportedly threatening medical doctors against releasing an affidavit for his estranged wife Marry Mubaiwa, who is seeking postponement of he...Published: 06 Sep 2021 at 19:46hrs | | by Staff reporter
Banks wary of lending out US dollar loans
ZIMBABWE'S banks are sitting on US$1.7 billion and not willing to lend it to corporates due to the uncertainty around currency reforms which exposes them if they issue United States dollar-denominated...Published: 06 Sep 2021 at 05:50hrs | 1 | by Staff reporter
The lessons from Zambia
I have just celebrated my 77th birthday and have settled on two proud new titles. I have now added a new title to my repertoire. I was given the title of mukoma at the Manica Post. Governor Josiah Hun...Published: 05 Sep 2021 at 06:03hrs | | by Kenneth Mufuka
The 'problem' with Sikhosana's Dlala Ntethe
I HAVE to admit, at the beginning I was one of those that did not immediately welcome the success of Sikhosana Buhlungu's song, Dlala Ntethe.I like a playful children's song like the next man ...Published: 05 Sep 2021 at 05:55hrs | 5 | by Bruce Ndlovu
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 14:26hrs | 9 | by Victor Bhoroma
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