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Ramaphosa, DA secret deal clinched before elections
The outspoken SACP general secretary, Solly Mapaila, says he stumbled upon credible intelligence way before the May 29 elections, exposing that the ANC secretly had a predetermined agenda to go into b...Published: 06 Nov 2024 at 09:26hrs | 1173 | by Staff reporter
'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 284 | by Staff reporter
Zimra launches crackdown on economic saboteurs
The Zimbabwe Revenue Authority (ZIMRA) has launched a nationwide blitz targeting businesses that evade taxes and undermine the local currency, the Zimbabwe Gold (ZiG), by either rejecting it or falsel...Published: 27 Sep 2024 at 08:16hrs | 142 | by Staff reporter
Mnangagwa addresses Zanu-PF factionalism amid 3rd-term speculations
President Emmerson Mnangagwa took decisive action to quell rising factional tensions within Zanu-PF during the 378th ordinary session of the party's politburo yesterday. This comes in the wake of incr...Published: 26 Sep 2024 at 09:58hrs | 1154 | by Staff reporter
Zimbabwe to remove VAT on meat?
Zimbabwe is set to see price cuts on meat and poultry products following a recent policy change that eliminates Value Added Tax (VAT) on these items. This decision, confirmed by Finance Ministry perma...Published: 28 Aug 2024 at 13:31hrs | 534 | by Staff reporter
Zimbabwe's traditional healers take to TikTok
WEARING a stylish black leather jacket and a red blouse, a denim sun hat covering her dreadlocked head, Gogo Mafirakureva goes live on TikTok.In just the first few minutes of her livestream, a...Published: 07 Jul 2024 at 18:01hrs | 14 | by Staff reporter
Mnangagwa orders probe into villagers' evictions
THE recent wanton evictions of resettled innocent villagers from their homes across the country was not sanctioned by authorities, suggesting that the genuine blitz against land barons has been hijack...Published: 05 Mar 2024 at 04:57hrs | | by Staff reporter
Mthuli Ncube issues chilling warning over sugar tax-linked price hikes
Finance Minister Mthuli Ncube has issued a firm warning to traders engaging in unjustified price hikes on sugary beverages, arguing that the officially gazetted tax thresholds do not warrant such exce...Published: 28 Feb 2024 at 06:31hrs | 5 | by Staff reporter
Zimbabwe treasury exposes abuse of sugar tax for profiteering
GOVERNMENT has condemned the abuse of the Beverages Sugar Content Tax and other tariff measures by some businesses that deliberately misinterpret clear policy propositions for profiteering while unjus...Published: 28 Feb 2024 at 06:27hrs | | by Staff reporter
St Faith High School Priest shows off punching skills
TEMPERS flared at St Faith's High School on Wednesday, with a priest from the Anglican Diocese of Manicaland showing his boxing skills as parents who escorted Form Five learners bulldozed their way in...Published: 09 Feb 2024 at 08:56hrs | 1 | 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 | | by Staff reporter
Doctors accuse councils of profiteering
THE Medical and Dental Private Practitioners of Zimbabwe Association (MDPPZA) has accused local authorities of profiteering by charging exorbitant fees to medical practitioners.Speaking to New...Published: 15 Jan 2024 at 05:16hrs | 1 | by Staff reporter
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 | 7 | 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 | | by Staff reporter
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 1 | by Staff reporter
Mnangagwa assures delivery on promises
CONSOLIDATION of gains made in the first term and advancement of the Zimbabwe dream to become an upper middle class economy will characterise the second term of President Mnangagwa who was sworn in ye...Published: 05 Sep 2023 at 06:14hrs | | by Staff reporter
Govt descends on price manipulators
THE Consumer Protection Commission (CPC) will soon impose heavy fines on retailers that have not reduced prices of their goods in line with movements of the exchange rate on the interbank market....Published: 09 Jul 2023 at 10:30hrs | 5 | by Staff reporter
Zinara reduces toll fees
THE strengthening of the local currency against the United States dollar has opened a floodgate of benefits for the motoring public as the Zimbabwe National Road Administration yesterday reviewed down...Published: 06 Jul 2023 at 08:13hrs | 1 | by Staff reporter
Govt applauds NUST
The Minister of State for Presidential Affairs and Monitoring Implementation of Government Programmes, Joram Gumbo has praised the National University of Science and Technology (NUST) for building a T...Published: 30 Jun 2023 at 16:08hrs | | by Staff reporter
Nust construction projects on course
MASSIVE progress has been recorded at the National University of Science and Technology (Nust), where the institution's Technovation Centre is now 88 percent complete.The construction of facto...Published: 22 Jun 2023 at 06:36hrs | 2 | by Staff reporter
ZCBTA statement on scrapping of duty on basic commodities
The Zimbabwe Cross Border Traders Association (ZCBTA) commends the Minister of Finance for taking appropriate steps to protect ordinary citizens and other vulnerable groups in Zimbabwe from negative i...Published: 23 May 2023 at 14:33hrs | 4 | by Erick Matotoba
Mthuli Ncube weaponising foreign trade to fight local firms
ZIMBABWE'S rulers think that it is within their rights to destroy their economy and turn to neighbours for stop gap solutions.This weird belief was passed from the late strongman, Robert Mugab...Published: 20 May 2023 at 19:58hrs | 1 | by Staff reporter
Anger mounts in Zimbabwe as prices rocket
ZIMBABWE'S currency further crashed this week, precipitating waves of basic commodity price hikes, which were slammed by consumer watchdogs.In a survey, the Zimbabwe Independent found that man...Published: 19 May 2023 at 20:42hrs | | by Staff reporter
Mnangagwa's govt claims sabotage
GOVERNMENT has accused retailers of sabotaging the economy through speculative pricing and hiding goods from shop shelves.In a post-Cabinet Press briefing, Information and Broadcasting ministe...Published: 17 May 2023 at 21:23hrs | | by Staff reporter
If Mnangagwa had a shop how much would he sell a loaf of bread?
It is really sickening whenever I hear senior government and ruling ZANU PF party officials always choosing to fault business every time prices of basic commodities shoot up. Over this past we...Published: 15 May 2023 at 11:19hrs | 1 | by Tendai Ruben Mbofana
Minister vows to end schools uniform monopoly after MPs outcry
The government will step in to stop schools from forcing parents to buy uniforms at exorbitant prices, primary and secondary education minister Evelyn Ndlovu told parliament on Wednesday.Ndlov...Published: 16 Feb 2023 at 04:58hrs | | by Staff reporter
Zimbabwe's diamonds sold for a song
Zimbabwe often sells its diamonds below market prices as they are not sought for and are even explicitly banned by major jewellery retailers for ethical reasons," ReportZIMBABWE is allegedly s...Published: 05 Feb 2023 at 08:28hrs | 1 | by Staff reporter
Analysis of the 2023 national budget
The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting...Published: 16 Dec 2022 at 00:15hrs | 8 | by Victor Bhoroma
Social media activist makes u-turn, apologises for demonising Nyaradzo
In a surprise U-turn, controversial social media activist Alistar Nyamarari Chibanda, who has led a fierce campaign against Nyaradzo Funeral Services group for alleged profiteering at the expense of i...Published: 01 Dec 2022 at 05:03hrs | 1 | by Staff reporter
Zimbabwe govt lacks spine
THE Zanu-PF government is at long last trying to get back to the basics on its initial promises at Independence in 1980, reintroducing a minimum wage.However, questions will continue to linger...Published: 22 Oct 2022 at 05:41hrs | 1 | by Paidamoyo Muzulu
MPs say forced to stay in grubby Harare lodges
LEGISLATORS have been forced to put up in sub-standard lodges in Harare, footing their own bills, as the treasury has not paid hotel bills since July 2022, NewZimbabwe.com can reveal.One of th...Published: 20 Oct 2022 at 06:02hrs | | by Staff reporter
Zimbabwe banking sector risks crippling strike over US$ salary portions
PLANS for a crippling strike are hovering above the country's banking sector following the recent denial by the employers' side to honour partial payment of US$ salaries, Zimbabwe Banks and Allied Wor...Published: 20 Oct 2022 at 06:01hrs | | by Staff reporter
Private operators import 150 buses
Private bus companies have imported 150 buses using the zero-duty concession set by Government to complement efforts in improving public transport system.Private operators expect to double the...Published: 05 Oct 2022 at 06:31hrs | | by Staff reporter
Zimbabwe central bank raids banks, firms
THE Reserve Bank of Zimbabwe's Exchange Control Division has raided and penalised top banks and firms for violating exchange control regulations with some companies failing to account for United State...Published: 23 Sep 2022 at 19:25hrs | | by Staff reporter
Zimbabwe currency speculators cornered?
THE retreat of the recent inflation spiral is expected to accelerate, and purchasing power increase in light of recent pay rises without matching price rises, as speculative market forces are being co...Published: 15 Aug 2022 at 06:38hrs | | by Staff reporter
Mnangagwa tells profiteers to play fair,
PRESIDENT Mnangagwa yesterday reiterated the need to adopt fair business practices and urged economic stakeholders to rally behind the country's transformation agenda and leave a legacy of positive im...Published: 13 Aug 2022 at 07:23hrs | | by Staff reporter
Retailers must reduce prices, says CCZ
THE Consumer Council of Zimbabwe (CCZ) has called on retailers to reduce prices of goods following a reduction in fuel prices.This follows a drop in petrol price from US$1,76 to US$1,60 per li...Published: 12 Aug 2022 at 06:37hrs | | by Staff reporter
Huge appetite for Zimbabwe gold coins
ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of t...Published: 31 Jul 2022 at 17:51hrs | | by Staff reporter
Concern over Zimbabwe's gold coins
ONE of Zimbabwe's top asset managers, Zimnat Asset Management (Zimnat) has noted that the country's gold coins scheme is elitist and cannot present significant arbitrage profiteering opportunities in ...Published: 19 Jul 2022 at 06:12hrs | | by Staff reporter
Basic goods prices gallop in Zimbabwe
Bulawayo residents have called for Government controls as prices of basic commodities are increasingly getting out of reach for the majority of citizens, with retailers having adopted different foreig...Published: 02 Jun 2022 at 06:43hrs | 7 | by Staff reporter
Govt urged to address issues fuelling inflation
TRADE unions have urged Government to promote dialogue among social partners to address issues revolving around the welfare of workers and whip into line cartels which are fuelling inflation.T...Published: 02 May 2022 at 07:59hrs | 11 | by Staff reporter
100% uniforms price hike kills back-to-school hype
SOME retailers have raised prices of school uniforms and other school items claiming manufacturers hiked prices by up to 100 percent, dampening the back-to-school preparations by parents and guardians...Published: 02 May 2022 at 07:56hrs | | by Staff reporter
Zimbabwe political parties attend Workers Day commemorations
Zimbabwean workers yesterday joined the rest of the world in commemorating Workers' Day, with the Government calling for unity while expressing its commitment to improving the welfare of workers throu...Published: 02 May 2022 at 07:53hrs | 6 | by Staff reporter
'Cartels controlling Zimbabwe fuel sector'
THE Zimbabwe Coalition on Debt and Development (Zimcodd) has alleged that the country's fuel sector is run by cartels that are manipulating fuel prices.In its weekly review on socio-economic d...Published: 28 Apr 2022 at 09:04hrs | | by Staff reporter
Zera's continued excessive fuel price increases worry Zimcodd
The Zimbabwe Coalition on Debt and Development (Zimcodd) has expressed worry over the continued excessive increase of fuel price by the Zimbabwe Energy Regulatory Authority (Zera).The worry ca...Published: 27 Apr 2022 at 08:06hrs | 7 | by Stephen Jakes
New Gates Foundation trustee led plot to overthrow Zim leader alongside US
WHILE Zimbabwean billionaire Strive Masiyiwa, recently appointed to the Bill & Melinda Gates Foundation to add his other high-profile board appointments such as at Rockefeller Foundation, is a rol...Published: 05 Feb 2022 at 19:41hrs | | by Staff reporter
'Citizens Coalition For Change will Deliver Zimbabwe to Freedom'
Themed the yellow revolution; the Nelson Chamisa led Citizens Coalition for Change (CCC) has been making the waves across the internet and has also been warmly welcomed by Zimbabweans across the globe...Published: 01 Feb 2022 at 16:51hrs | 7 | by Prince Njagu
Family basket shoots to ZW$73,000
A family of six now requires a whopping $72 967 to meet their basic needs, with part of the price increases being attributed to market speculation among other factors, the Consumer Council of Zimbabwe...Published: 09 Jan 2022 at 06:00hrs | | by Staff reporter
Mthuli warns fuel dealers against rejecting Zimdollar
FINANCE minister Mthuli Ncube has warned fuel operators getting foreign currency through the Reserve Bank of Zimbabwe (RBZ) auction system that they risk losing their licenses if they continue rejecti...Published: 13 Nov 2021 at 05:53hrs | 5 | by Staff reporter
RBZ amends forex auction rules
The Reserve Bank of Zimbabwe (RBZ), yesterday amended Foreign Currency Auction bidding rules, bringing a new provision that bidders should submit their bids through banks four working days before the ...Published: 10 Nov 2021 at 05:30hrs | 5 | by Staff reporter
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