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US$15 for five bales of tobacco, a smallholder tobacco farmer's tale
Smallholder tobacco farmers are reeling under the yoke of high-interest loans, amid shocking revelations one of the farmers received a pay-out of US$15 after selling five bales of tobacco at the contr...Published: 27 Mar 2024 at 08:49hrs | 3850 | by Erick Matotoba
Zimbabwe capital markets conferences set for SA
FINANCIAL Markets Indaba (FMI), in partnership with the Victoria Falls Stock Exchange (VFEX) is set to co-host two Zimbabwe capital markets conferences in South Africa next month, NewsDay Business can...Published: 22 Mar 2024 at 09:38hrs | 155 | by Staff reporter
How NFTs have transformed the art world
The art world has historically been regarded as an exclusive domain, preserved for a select few who have the contacts, money, and expertise required to enter it. Owning a prestigious piece of art has,...Published: 22 Mar 2024 at 09:09hrs | 125 | by Staff Reporter
Zimplats shields US$1,8 billion expansion plan
PLATINUM giant Zimplats says the current cost-cutting initiatives aim to lessen the effect of budget cuts on its growth strategy, which includes a US$1,8 billion expansion programme.The compan...Published: 21 Mar 2024 at 08:46hrs | 349 | by Staff reporter
Wicknell Chivayo revives Gwanda Solar Project
The Zimbabwe Power Company (ZPC) and Wicknell Chivayo's Intratek Zimbabwe are now set to resume the long aborted 100MW Gwanda Solar Project which derailed when the controversial businessman failed to ...Published: 20 Mar 2024 at 14:24hrs | 921 | by Staff reporter
ZPC engaging Chivayo to resume controversial Gwanda Solar Project
The Zimbabwe Power Company (ZPC) is engaging Intratek to push it to resume works at the contested 100 MW Gwanda Solar Project in Matabeleland South province, Parliament heard on Tuesday.Intrat...Published: 19 Mar 2024 at 19:56hrs | 790 | by Staff reporter
Mahere, netizens mock Minister Mavetera's office disorder
The Minister of Information, Communication, Technology, Postal and Courier Services; Honourable Tatenda Mavetera has received massive social media backlash from former opposition Citizens Coalition fo...Published: 12 Mar 2024 at 08:23hrs | 4376 | by Gideon Madzikatidze
Side-marketing a big threat to tobacco contracting companies
With tobacco auction floors opening this week senior agronomist Lazarus Gatawa has urged all tobacco farmers who are contracted to honor their contr...Published: 10 Mar 2024 at 07:10hrs | 337 | by Simbarashe Sithole
Zimbabwe increases fuel prices
THE price of fuel has gone up marginally for both blend and diesel.In a statement, the Zimbabwe Energy Regulatory Authority (Zera) said diesel had increased by US2 cents to US$1,69 and blend b...Published: 06 Mar 2024 at 04:47hrs | 1380 | by Staff reporter
Zimbabwe millers warn of rice price hikes
THE Grain Millers Association of Zimbabwe (GMAZ) has approached the Treasury to scrap the 15% value-added tax (VAT) on rice, warning that the levy will hit consumer spending.The developments c...Published: 25 Feb 2024 at 09:26hrs | 282 | by Staff reporter
Grain millers warn of rice price hike as VAT threat looms
The Grain Millers Association of Zimbabwe (GMAZ) has issued a warning that the price of rice in Zimbabwe could increase from US$2 to US$3 if Finance Minister Mthuli Ncube does not reverse the 15% Valu...Published: 20 Feb 2024 at 08:48hrs | 702 | by Mandla Ndlovu
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 575 | by Staff reporter
Zupco terminates contracts for urban buses
THE Zimbabwe United Passenger Company (Zupco) has initiated a process of terminating its contracts with private owners of buses plying urban routes.The move comes as the remaining buses on con...Published: 16 Feb 2024 at 04:57hrs | 616 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 424 | by Staff reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | 334 | by Staff reporter
NetOne takes legal action against overpricing of sim cards
STATE-OWNED telecommunications operator, NetOne has said it will take legal action against partners and individuals who are selling the mobile network provider's for more than US$1 or Zimbabwe Dollar ...Published: 15 Feb 2024 at 10:03hrs | 184 | by Staff reporter
IMF advises Zimbabwe to adopt forex market reforms
As the instability of the beleaguered Zimbabwe dollar intensifies, the International Monetary Fund (IMF) has advised the government to adopt forex market reforms which are "more transparent and market...Published: 15 Feb 2024 at 10:01hrs | 83 | by Staff reporter
Uproar as Zimbabweans demand Starlink high speed internet service
In a bid to bridge the digital divide and overcome the limitations of traditional internet services, Zimbabweans are increasingly turning to Starlink, the satellite internet system developed by SpaceX...Published: 13 Feb 2024 at 08:55hrs | 2908 | by Nkululeko Nkomo
Traders reject Zimdollar
THE Zimbabwe dollar has continued to depreciate in 2024, with traders in some areas now refusing to accept the local currency, while parallel market exchange rates have been differing across the count...Published: 12 Feb 2024 at 13:49hrs | 164 | by Staff reporter
Zimbabwe economy edges towards full dollarisation
THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United States dollar.Latest figures re...Published: 09 Feb 2024 at 06:58hrs | 507 | by Staff reporter
Buy Zimbabwe lauds duty return on essential goods
Buy Zimbabwe has welcomed the Government's recent decision to reinstate import duties on essential goods as a positive development that will create a more level playing field for domestically produced...Published: 07 Feb 2024 at 04:40hrs | 537 | by Staff reporter
Buy Zimbabwe welcomes positive move on imports
BUY Zimbabwe has said the Government's recent decision to reinstate import duties on basic commodities was a progressive development that will contribute to a fairer competitive landscape for domestic...Published: 06 Feb 2024 at 17:49hrs | 236 | by Staff reporter
Mthulisi Ncube exempts VAT on key basic commodities
TREASURY has gazetted the suspension of Value Added Tax (VAT) on selected basic commodities with effect from today as part of Government measures to tame price increases while boosting consumer purcha...Published: 01 Feb 2024 at 04:57hrs | 2104 | by Staff reporter
Grain millers flag 'artificial' mealie-meal shortages in supermarkets
LOCAL grain millers say they have contingency measures throughout the value chain to ensure adequate mealie-meal stocks to feed the nation.The assurance by the Grain Millers Association of Zim...Published: 29 Jan 2024 at 06:00hrs | 97 | by Staff reporter
Power Sales redefines infrastructure and strategy with market-leading technology
Power Sales, a leading wholesale clothing retail chain in Zimbabwe, had to completely revamp its systems, strategies and infrastructure in 2019. A new management team wanted to use the opportunity to ...Published: 25 Jan 2024 at 08:14hrs | 618 | by Charlote Hlangwane
Mbudzi interchange fund looted
Several directors at the Ministry of Transport have been quizzed by anti-graft investigators after whistle blowers leaked explosive details linking them to the pillage of a fund meant to compensate ow...Published: 14 Jan 2024 at 20:50hrs | 3558 | by Staff reporter
Zimbabwe's internet costs surge
When a sharp hike in Zimbabwe's internet costs drove Joyce Kapvumfuti's small catering enterprise offline for a week, orders for her wedding cakes, business lunches and frosted cupcakes collapsed....Published: 13 Jan 2024 at 06:52hrs | 482 | by Staff reporter
Zimbabwe family basket skyrockets to $3,6 million
THE cost of the food basket for a family of six has shot to ZWL$3,6 million, with retailers now charging some goods exclusively in United States dollars (US$) owing to the depreciating Zimbabwe dollar...Published: 10 Jan 2024 at 05:56hrs | 215 | by Staff reporter
Insiza tourist attractions set for upgrade
NESTLED on the picturesque landscapes and rich mineral deposits of Matebeleland South, Insiza District will soon be etched as one of the country's most sought-after tourist hubs as envisioned by the l...Published: 10 Jan 2024 at 05:41hrs | 124 | by Staff reporter
Zimbabwe pushes for UniVisa system
ZIMBABWE is pushing for the revival of the UniVisa model with regional peers to enhance smooth passage of visitors at the country's ports of entry so that they can move around with just one visa in th...Published: 10 Jan 2024 at 05:35hrs | 100 | by Staff reporter
Mpilo MRI scan machine installed
A NEW state-of-the-art magnetic resonance imagining (MRI) scan has been installed at Mpilo Central Hospital in Bulawayo, a huge boost to health service delivery for the southern region as it will enha...Published: 10 Jan 2024 at 05:34hrs | 96 | by Staff reporter
Zimbabwe fuel prices hiked as regional fuel prices drop
The Zimbabwe Energy Regulatory Authority (ZERA) has raised fuel prices with effect from 4 January 2024. South Africa's Mineral Resources and Energy Department published the official fuel price...Published: 06 Jan 2024 at 08:58hrs | 4057 | by Staff reporter
Mthuli Ncube's taxes kick in
Zimbabweans will begin a new year tomorrow faced with a basket of new taxes, levies and fees that will push up the cost of living for many that are already struggling to make ends meet.Finance...Published: 31 Dec 2023 at 13:00hrs | 1633 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 4720 | by Staff reporter
Behind the Scenes: How money transfer businesses make money
In an era of global connectivity, the ability to transfer money across borders efficiently has become a crucial service. Whether supporting families, facilitating business transactions, or aiding in e...Published: 29 Dec 2023 at 20:50hrs | 1257 | by Libz Mbanje
CCZ warns retailers on price distortions
The Consumer Council of Zimbabwe (CCZ) has issued a stern warning to retail outlets, demanding responsible pricing on all goods and strict adherence to the foreign currency auction system if operating...Published: 28 Dec 2023 at 10:27hrs | 122 | by Staff reporter
Airfares for flights between Zimbabwe and SA dramatically shoot up
AIR fares for flights between Zimbabwe and South Africa - mainly the Harare-Johannesburg and Bulawayo-Johannesburg routes - have shot up dramatically during the festive season (Christmas and New Year ...Published: 27 Dec 2023 at 17:26hrs | 1279 | by Staff reporter
Many rural and urban communities have no access to clean water: Zimcodd
THE Zimbabwe Coalition on Debt and Development has said there are many communities in rural and uirban areas that have no access to clean water due to the government's lack of political will to assist...Published: 18 Dec 2023 at 20:20hrs | 104 | by Stephen Jakes
Joseph Kalimbwe donates Starlink kit to Zimbabwe
Renowned Zambian political activist, Joseph Kalimbwe, took to social media to share his excitement about receiving Elon Musk's Starlink service at his Lusaka address. In a post on [X], Kalimbwe reveal...Published: 18 Dec 2023 at 12:05hrs | 1770 | by Mandla Ndlovu
Mnangagwa's govt in umpteenth warning on price hikes
GOVERNMENT has for the umpteenth time warned the business community against hiking pricing during the festive season as it works with industry to make sure that there are no shortages during the year-...Published: 18 Dec 2023 at 04:55hrs | 383 | by Staff reporter
Zanu-PF chief whip wants cheaper passports
Zanu-PF chief whip Pupurai Togarepi says the goverment must adopt a three-tier system on the issuance of passports to ensure every Zimbabwean has access to the travel document.In his 202...Published: 17 Dec 2023 at 09:44hrs | 204 | by Staff reporter
Open letter to Minister Barbara Rwodzi
Dear Minister Rwodzi and esteemed CEO of the Zimbabwe Tourism Association,I hope this letter finds you in good health and high spirits. I write to you today with a deep concern regarding the e...Published: 16 Dec 2023 at 05:57hrs | 699 | by Aldrin Ncube
Zanu-PF MP advocates three-tier passport fee system
Gutu South legislator Togarepi Pupurai has proposed a three-tier system for passport fees in Zimbabwe to cater to different social classes.His proposal includes providing passports for free to...Published: 15 Dec 2023 at 14:21hrs | 838 | by Staff reporter
Zimbabweans sink deeper into poverty
THE Zimbabwe National Statistics Agency (ZimStat) says the total consumption poverty line (TCPL) for the month of November increased 9,5% to ZWL$115,090.00 for an individual from ZWL$105,071.98 in Oct...Published: 28 Nov 2023 at 05:24hrs | 423 | by Staff reporter
Zimbabwe poised for more mega power projects
ZESA Holdings says the energy sector is poised for a turning point following proposals by some independent power producers (IPPs) to build two thermal power stations with a combined output of 1 600 me...Published: 28 Nov 2023 at 05:16hrs | 368 | by Staff reporter
Zimbabwe's Cross Border traders commend price stability measures
The Zimbabwe Cross Border Traders Association (ZCBTA) has commended authorities for implementing comprehensive measures that have contributed to price stability. The recognition follows the maintenanc...Published: 23 Nov 2023 at 05:45hrs | 227 | by Staff reporter
Potraz doubles voice, data tariffs
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has implemented a significant increase in data and voice tariffs to aid the capital-intensive telecommunications sector, whi...Published: 27 Oct 2023 at 06:37hrs | 217 | by Staff reporter
Prices skyrocket in Zimbabwe
The ongoing depreciation of the local currency is plunging Zimbabweans further into economic hardship, causing prices of essential goods and services to soar beyond the means of most low-income famili...Published: 27 Oct 2023 at 06:18hrs | 501 | by Staff reporter
Mnangagwa law blamed for high US$ pricing
Industry and Commerce Minister, Sithembiso Nyoni, attributed the current high pricing in US dollars to Statutory Instrument (SI) 118A of 2022.SI 118A, enacted under the Presidential Powers (Te...Published: 25 Oct 2023 at 06:51hrs | 799 | by Staff reporter
Zimbabwe central bank must consider introducing a ZW$500 000 note
This week, a prominent price monitoring thinktank emphasized the need for the Reserve Bank of Zimbabwe (RBZ) to contemplate the introduction of a ZW$500,000 note as the Zimbabwean currency continues t...Published: 22 Oct 2023 at 14:06hrs | 504 | by Staff reporter
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