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Forex payments for forex contracts, says Zimbabwe Court
In a land mark ruling that could have far reaching consequences, a Mutare High Court judge, Justice Isaac Muzenda has ordered that a 2016 contract be settled in US dollars.The recent judgment ...Published: 12 hrs ago | 2751 | by Staff reporter
Bulawayo mayor speaks on his two days of horror
Bulawayo City Council was recently rocked by unrest after a coterie of councillors led by deputy mayor Tinashe Kambarami tried to oust town clerk Christopher Dube.Kambarami last month took adv...Published: 18 Aug 2019 at 09:52hrs | 513 | by Staff reporter
'BCC to avoid milking residents'
BULAWAYO Mayor Councillor Solomom Mguni has said for effective service delivery council should embrace international best practices of commercialising some of its entities instead of solely depending ...Published: 17 Aug 2019 at 08:13hrs | 203 | by Staff reporter
Buyanga refutes accusations of land graft in Zimbabwe
Zimbabwe's anti-corruption drive has sucked in a businessman from that country who is based in South Africa, but the well-established entrepreneur denies any wrongdoing.Reports from that count...Published: 16 Aug 2019 at 17:36hrs | 443 | by ANA
Zimbabwe loses US$34m through illicit financial flows - Report
SOUTHERN Africa is prejudiced of a staggering US$30 billion annually as a result of illicit financial flows, with Zimbabwe losing US$34 million every year due to trade under-invoicing while also losin...Published: 16 Aug 2019 at 08:24hrs | 134 | by Staff reporter
Mthuli Ncube to establish Offshore Financial Centre in Zimbabwe
Finance and Economic Development Minister Mthuli Ncube says Zimbabwe is "very serious" about establishing an Offshore Financial Centre (OFC) in the country, but analysts say given the country's handli...Published: 16 Aug 2019 at 08:06hrs | 1381 | by Staff reporter
The economics of demonstrations
Demonstrations are a huge mark on a nation's economy. The average man is not aware of this. Maybe after reading this piece, the common man will be able to contextualize what a political demonstration ...Published: 15 Aug 2019 at 12:10hrs | 1442 | by Chigumbu Warikandwa
Fact-checking Mthuli Ncube
"It's early days, we just introduced the new currency regime a little over a month ago, so it (the new currency) is trying to find its way, it is trying to find equilibrium; it will get there and clos...Published: 15 Aug 2019 at 07:27hrs | 1161 | by Staff reporter
Mnangagwa blessed Chiyangwa life ban?
ZIFA president Felton Kamambo and board member responsible for finance Philemon Machana have formally apologised to President Mnangagwa for the unfortunate events that rocked the Zimbabwe camp during ...Published: 15 Aug 2019 at 07:20hrs | 1083 | by Staff reporter
Falgold ceases gold production
Troubled mining group Falgold Zimbabwe published its delayed financial statements for the year ended 31 September 2018. During this period the group's net loss after tax widened by 609% to US$4.9 mill...Published: 14 Aug 2019 at 19:01hrs | 1308 | by FinX
FULL TEXT: ZIFA statement disbanding Warriors
Subject: Meeting between the President of the Republic of Zimbabwe and the ZIFA presidium and subsequent ZIFA Executive Committee's Emergency Committee meeting deliberations and resolutions of 9th Aug...Published: 14 Aug 2019 at 14:56hrs | 1308 | by ZIFA
EcoCash agents make a killing
ECOCASH agents have turned their booths into illegal selling points of cash at exorbitant premiums ranging from 30 to 40 percent. For one to get bond coins and notes from EcoCash agents, he or...Published: 13 Aug 2019 at 07:06hrs | 1307 | by Staff reporter
Patrick Zhuwao talks tough
Zimbabwe sadly remembers its heroes and heroines whilst the World commemorates the United Nations International Youth Day. The liberation struggle that dismantled the yoke of colonialism was executed ...Published: 12 Aug 2019 at 18:18hrs | 5911 | by Patrick Zhuwao
SB Moyo implicated in NSSA looting?
A company linked to Zimbabwe's military establishment was involved in the looting of funds belonging to the National Social Security Authority (Nssa) the forensic audit report by BDO Zimbabwe Chartere...Published: 12 Aug 2019 at 15:07hrs | 4039 | by Staff Reporter
'Ramaphosa dispensed patronage to those who backed him'
A political analyst has said the leaked emails and financial statements from the CR17 campaign have shown how President Cyril Ramaphosa dispensed patronage to those who backed him."These guys ...Published: 12 Aug 2019 at 08:38hrs | 1183 | by Staff reporter
Zacc boss faces integrity test
NEW Zimbabwe Anti-Corruption Commission (Zacc) chair Justice Loice Matanda-Moyo faces her first big test over allegations of wrongdoing involving her husband, Foreign Affairs minister Sibusiso Moyo....Published: 12 Aug 2019 at 08:08hrs | 1342 | by Staff reporter
Load shedding relief as power supplies improve
LOAD shedding has eased after Zimbabwe started receiving 400 megawatts of electricity from South African power utility Eskom on Thursday night, the Minister of Energy and Power Development, Advocate F...Published: 10 Aug 2019 at 08:52hrs | 1402 | by Staff reporter
Eskom begins 400MW power supply to Zimbabwe
Eskom began exports of 400 megawatts into Zimbabwe on Friday, easing a protracted power crisis characterized by daily outages lasting up to 18 hours.State-owned Zesa Holdings expects less elec...Published: 09 Aug 2019 at 11:43hrs | 3652 | by Bloomberg
Mthuli Ncube to act on liquidity crunch
The country is reeling under a massive liquidity crunch and Government is now looking at appropriate ways of re-injecting liquidity into the productive sector, according to Secretary for the Ministry ...Published: 09 Aug 2019 at 08:05hrs | 3816 | by Staff reporter
Vela has a case to answer: NSSA
The National Social Security Authority (NSSA) should take legal action against former board chairman Robin Vela for his role in "pressuring" the authority to make costly irregular decisions to award m...Published: 09 Aug 2019 at 08:03hrs | 931 | by Staff reporter
PSMAS risks rejection by healthcare providers
GOVERNMENT has committed to settle its debt to Premier Service Medical Aid (PSMAS), running into millions of dollars, but its failure to pay the health insurer could jeopardise access to health servic...Published: 09 Aug 2019 at 08:01hrs | 833 | by Staff reporter
Zesa disconnects rogue customers
ZESA Holdings has embarked on a national blitz to disconnect all households illegally connected to the grid.The operation comes after ZESA Holdings is losing millions of dollars from household...Published: 09 Aug 2019 at 08:00hrs | 1735 | by Staff reporter
Quick-fix solutions to Zimbabwe's huge electricity crisis
THE Zimbabwe government has announced that it’s facing critical power shortfalls. The country's anchor power producer, Kariba Dam, might have to stop production in weeks due to dropping water levels...Published: 07 Aug 2019 at 09:28hrs | 698 | by Tafadzwa Makonese
Gweru vendors given 7-day ultimatum
GWERU City Council has given vendors operating at Kudzanayi long distance bus terminus a seven-day ultimatum to vacate their stalls which are not in the local authority's database, a development that ...Published: 07 Aug 2019 at 09:26hrs | 673 | by Staff reporter
Govt official doubts the integrity of Auditor-General Mildred Chiri's audit reports
ACTING Finance secretary Zvinechimwe Churu yesterday angered legislators from the Public Accounts Committee when he suggested that he doubted the integrity of Auditor-General Mildred Chiri's audit rep...Published: 06 Aug 2019 at 07:41hrs | 2542 | by Staff reporter
Zimbabwe secures more electricity imports to ease outages
Zimbabwe will ramp up its electricity imports over the next few weeks, potentially easing rolling power cuts, after it agreed to make payments to clear its debt to a regional power utility, a treasury...Published: 05 Aug 2019 at 19:10hrs | 1677 | by Reuters
NSSA, when corruption has a body, shadow and soul
Hurry up! Bring a satchel or a bucket, NSSA money is free. You heard about 'Manna from Heaven', miracles never stop happening, the well heeled had a field day or days at NSSA, when corruption has a bo...Published: 05 Aug 2019 at 14:32hrs | 1437 | by Tondo Murisa
Policy inconsistency hurting economy
The Reserve Bank of Zimbabwe (RBZ) reintroduced the Zimbabwean Dollar and outlawed the use of multicurrencies on the local market on the 24th of June 2019, despite widespread concerns on burning the m...Published: 05 Aug 2019 at 09:12hrs | 1991 | by Victor Bhoroma
Econet apologises to customers
DIVERSIFIED telecommunications giant, Econet Wireless Zimbabwe, has discontinued its media offering Kwese TV service and apologised to customers. Despite being embraced by thousands of Zimbabw...Published: 05 Aug 2019 at 07:32hrs | 1717 | by Staff reporter
Nurse e-recruitment begins
The Ministry of Health and Child Care has started to receive online applications from aspiring nurses countrywide as exclusively revealed by this paper about two months ago The recruitment fol...Published: 05 Aug 2019 at 07:20hrs | 1185 | by Staff reporter
Nssa squanders millions on luxuries
THE National Social Security Authority (Nssa) splashed millions of dollars on bad investments, luxuries for board members and hefty salary perks for executive management, at a time when pensioners wer...Published: 04 Aug 2019 at 10:02hrs | 263 | by Staff reporter
Private sector urged to adjust workers' salaries
The private sector should adjust salaries to cushion its workers from rising prices similar to the way Government has responded to the plight of civil servants who, in addition to getting more than $6...Published: 04 Aug 2019 at 10:01hrs | 267 | by Staff reporter
CellMed hikes premiums by 80%
CellMed Health Medical Fund a subsidiary of Cell Insurance Company and one of the few companies that offer self funded medical aid solutions has hiked its premiums by 80%.Cellmed revealed this...Published: 03 Aug 2019 at 10:16hrs | 988 | by Ndou Paul
Building a strong foundation for future prosperity
The 2019 Mid Year Budget Review presented by the Minister of Finance and Economic Development Prof Mthuli Ncube presented more challenges than solutions for the ordinary Zimbabweans.The theme ...Published: 03 Aug 2019 at 09:28hrs | 154 | by Nkosikhona Dibiti
Personal Loans: Online Application| Fast, Cheap And Easy
Online loans are one of the solutions the younger generation preferred. The capability of moving money over the network or on the web saves time and is easier to make comparisons. The feedback usually...Published: 02 Aug 2019 at 15:57hrs | 1518 | by Tiffany Wagner
Mthuli Ncube confirms new grand fiscal heist
FINANCE minister Mthuli Ncube yesterday unwittingly confirmed government committed a grand US$7 billion fiscal heist - by design or accident - when it banned without warning the multi-currency system ...Published: 02 Aug 2019 at 15:17hrs | 3348 | by Staff reporter
The fight against graft: How far is Mnangagwa willing to go?
Its difficult to decide what to make of President Emmerson Mnangagwa's latest bid to tackle graft: Is it tokenism or the real deal? Is it a case of bolting the door after the horse has bolted or maybe...Published: 01 Aug 2019 at 21:59hrs | 1638 | by NewsDay - Editorial
RBZ seeks to raise $30m
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $30 million through a public auction of Treasury Bills (TBs) to finance government programmes.This is the first public Treasury Bill sale...Published: 01 Aug 2019 at 21:58hrs | 982 | by Staff reporter
Newsday, Standard websites disconnected as they fail to make payments
Alpha Media Holdings, Publishers of Newsday, Zimbabwe Independent and The Standard have been blocked from their administrative rights to access the website due to none payment TechnoMag reported....Published: 01 Aug 2019 at 14:38hrs | 1011 | by Staff reporter
'Zifa not ready, capable to hire foreign coach'
FOOTBALL legend David "Yogi" Mandigora said Zifa should not hire a foreign coach to succeed Sunday Chidzambwa until they have the financial capacity to do so. The Warriors' coaching job became...Published: 31 Jul 2019 at 07:55hrs | 254 | by Staff reporter
When 'skinning a live snake' is not working
SOON after Fortune Chasi was sworn in as Energy minister in May, he admitted that the country was in a rut. In spelling out his immediate plan to avert power shortages, Chasi vowed to skin a live snak...Published: 30 Jul 2019 at 07:34hrs | 1234 | by Cliff Chiduku
Zimra revenue collections up 118%
Zimbabwe's net revenue collections grew by 118,9 % to $5,06 billion in the first half of the year from $2,41 billion collected last year driven mainly by the 2% intermediated tax on money transfers an...Published: 30 Jul 2019 at 07:30hrs | 266 | by Staff reporter
Masiyiwa-Chamisa refuses to go
THE Zimbabwe National Roads Administration (Zinara) is losing thousands of dollars every month as it continues to pay a full salary and associated benefits to suspended chief executive officer, Mrs Na...Published: 30 Jul 2019 at 07:23hrs | 1562 | by Staff reporter
RBZ raises red flag on forex demand
Daily demand for diesel has gone up by 20 percent to 3,6 million litres over the last four months as business and domestic consumers now heavily rely on the commodity to mitigate rolling power cuts cu...Published: 29 Jul 2019 at 14:48hrs | 6884 | by Staff reporter
RBZ liberalises fuel imports
Foreign currency-starved Zimbabwe has liberalised fuel imports by allowing authorised dealers to pay directly to foreign fuel suppliers upon exchange control approval in a move meant to ease pre...Published: 29 Jul 2019 at 14:46hrs | 9980 | by Staff reporter
Mthuli Ncube cornered over 'unexplained' forex expenditure
HARARE East legislator Tendai Biti (MDC Alliance) on Thursday last week demanded that Finance minister Mthuli Ncube explain to Parliament where the country's foreign currency has been going given that...Published: 29 Jul 2019 at 07:47hrs | 3536 | by Staff reporter
Harare law firm in soup over trust funds
Top Harare lawyer Jacqueline Sande has landed in trouble for failing to repay trust funds after her firm failed to purchase a house on behalf of client.The client, Simbarashe Kwenda (41), who ...Published: 29 Jul 2019 at 07:44hrs | 746 | by Staff reporter
Zimbabwe economy needs free-market policies to grow
The introduction of the foreign exchange interbank market by the Reserve Bank of Zimbabwe (RBZ) in February 2019 was a major milestone towards free market economics. Even though there are fears of gov...Published: 28 Jul 2019 at 17:59hrs | 532 | by Victor Bhoroma
Britain's New African Empire
Companies listed on the London Stock Exchange control over $1trillion worth of Africa’s resources in just five commodities – oil, gold, diamonds, coal and platinum. My research for the NGO, War on...Published: 28 Jul 2019 at 10:16hrs | 4512 | by Mark Curtis
Zimbabwe currently printing 60 passports per day
ZIMBABWE is currently printing a measly 60 passports per day against a waiting list of over 300 000, Registrar General Clement Masango has said.However, Masango claimed his department is targe...Published: 28 Jul 2019 at 09:26hrs | 3270 | by newzimbabwe
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