Search / Retail
Intwasa abusers will go to jail, no fine option
Those selling or buying the agricultural inputs earmarked for the climate-proofed Presidential Inputs Scheme, Pfumvudza/Intwasa, will be sent to court where jail sentences can be imposed on conviction...Published: 22 Nov 2022 at 04:50hrs | 165 | by Staff reporter
Plastic carrier bag ban postponed
THE Zimbabwe Environmental Management Agency (Ema) has indefinitely postponed a ban on plastic carrier bag use, which was initially scheduled for December 31 this year.In a letter to the Confe...Published: 19 Nov 2022 at 06:31hrs | 232 | by Staff reporter
Mnangagwa commissions 18 Public Service Commission buses
PRESIDENT Mnangagwa yesterday commissioned 18 Public Service Commission (PSC) buses in Gwanda, Matabeleland South Province, under the Civil Service Rural Transport Scheme, which seeks to ease transpor...Published: 18 Nov 2022 at 05:05hrs | 136 | by Staff reporter
Let us decongest Bulawayo CBD Now!
Bulawayo's ever-growing informal sector needs to be decongested to high density and some middle – low density areas. It is a fact that stakeholders need to check and explore something drastic or dis...Published: 15 Nov 2022 at 12:44hrs | 3956 | by Michael Mdladla Ndiweni
RBZ allocates US$3 billion to businesses
THE Reserve Bank of Zimbabwe says US$3 billion has been allotted to businesses through the RBZ forex auction since its inception in 2020.In a statement yesterday, RBZ Governor, John Mangudya s...Published: 11 Nov 2022 at 05:15hrs | 243 | by Staff reporter
RBZ conducts digital currency survey
THE Reserve Bank of Zimbabwe (RBZ) has stepped up plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach by carrying-out consumer perception surveys.The bank'...Published: 11 Nov 2022 at 05:04hrs | 190 | by Staff reporter
Pharmacists behind drug smuggling
A NEW report has revealed that some government-employed pharmacists are running smuggling rackets and use their influence to evade border controls.In a report titled: Infamous by Design: Illic...Published: 31 Oct 2022 at 18:51hrs | 281 | by Staff reporter
Zimbabwe economy grew 9%
ZIMBABWE'S statistical agency says the economy grew by a staggering 8.5% last year from a decline of 7.8% in the prior year, exposing a wide discrepancy between official figures and those computed by ...Published: 23 Oct 2022 at 17:18hrs | 469 | by Staff reporter
US$ VFEX market capitalisation jumps 25% in Q3
The Victoria Falls Stock Exchange (VFEX) market capitalisation increased by 25 percent to US$345 million in the third quarter to September 30, 2022 from US$273,24 million in the previous quarter....Published: 18 Oct 2022 at 05:57hrs | 82 | by Staff reporter
Property upgrades transforming Bulawayo's economy
BULAWAYO is experiencing growth in corporates and property owners who are renovating old business premises and opening new facilities in a bid to align their operations with the latest business trends...Published: 10 Oct 2022 at 06:07hrs | 256 | by Staff reporter
'Majority of Zimbabweans earning peanuts'
AT LEAST 62% of Zimbabwe workers are earning measly salaries, taking about US$60 per month as of April, a latest Zimbabwe National Statistics Agency (ZimStat) 2022 second quarter labour force survey h...Published: 09 Oct 2022 at 07:55hrs | 333 | by Staff reporter
Zimdollar notes are disappearing on the streets
October temperatures start to climb early in Harare, but by noon beverages vendor Davis Kugara is already counting his losses for the day.One after the other, many of his potential customers a...Published: 04 Oct 2022 at 22:15hrs | 3667 | by Staff reporter
'Half of Zimbabwe youths loafing'
ABOUT half of Zimbabwean youths are loafing, the latest Zimbabwe National Statistics Agency (ZimStat) 2022 second quarter labour force survey has revealed, laying bare the job crisis facing the countr...Published: 04 Oct 2022 at 06:10hrs | 524 | by Staff reporter
The importance of parastatals
WHEN State-managed institutions work well they are often not recognised or rewarded and are taken for granted. When they fail, everyone suffers the consequences.At independence in 1980, 40% of...Published: 27 Sep 2022 at 05:53hrs | 152 | by Eddie Cross
Zimbabwe inflation tumbles to 3,5%?
ZIMBABWE'S month-on-month inflation rate has drastically dropped to 3,5 percent in September, shedding 8,9 percentage points on the August rate of 12,4 percent as price stability persists across the m...Published: 27 Sep 2022 at 05:52hrs | 513 | by Staff reporter
Zimra tender raises eyebrows
THE Zimbabwe Revenue Authority (Zimra) has reportedly awarded a US$4,6 million tender for the supply, delivery and installation of a fiscalisation back-end system to Norwegian firm, Norway Registers D...Published: 21 Sep 2022 at 06:04hrs | 1144 | by Staff reporter
Zimbabwe food inflation tops world, claims WB report
LATEST World Bank statistics indicate that Zimbabwe has the highest food inflation of 353%.Recently, Zimbabwe was ranked second to Lebanon, but it has since overtaken the Middle East country o...Published: 20 Sep 2022 at 06:05hrs | 276 | by Staff reporter
Zanu-PF stretching the truth on prices
YOU know we are in the election season when the Zanu-PF government starts lauding itself over non-existent economic improvements.The latest self-praise comes from the Treasury, the Reserve Ban...Published: 19 Sep 2022 at 06:01hrs | 501 | by Staff reporter
Egodini project takes shape
SOUTH African based developer, Terracotta will this week start preparations for the laying of asphalt to the sides of Egodini Bus Terminus as they work towards the completion of Phase 1A of the rehabi...Published: 18 Sep 2022 at 16:52hrs | 413 | by Staff reporter
Zimbabwe's new Consumer Act sets 5-year jail term for denying customers refunds and returns
RETAILERS and businesses denying their customers the right to a refund and return goods under the recently promulgated Consumer Protection Act (CPA) risk imprisonment, top lawyer Alex Majachani has wa...Published: 18 Sep 2022 at 16:50hrs | 220 | by Staff reporter
Econet unveils international airtime transfer service
Econet Wireless Zimbabwe has launched an international airtime transfer service that allows Zimbabweans living in South Africa to buy airtime for their family and friends back home.The innovat...Published: 15 Sep 2022 at 21:32hrs | 354 | by Staff reporter
Zimdollar exchange rate stability false, economists warn
ECONOMISTS yesterday warned that the current exchange rate stability, which is largely a result of local currency shortages on the market is "false" and will be short-lived.Economist Eddie Cro...Published: 15 Sep 2022 at 05:55hrs | 1287 | by Staff reporter
Parastatals defy govt directive on US$
SOME government departments are reportedly still demanding payment exclusively in United States dollars (US$) in defiance of a government directive to accept both local currency and US$.Treasu...Published: 15 Sep 2022 at 05:54hrs | 655 | by Staff reporter
Zesa explains increased load shedding
THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) says the current increased load shedding is due to depressed generation capacity at its power stations.According to gener...Published: 14 Sep 2022 at 17:44hrs | 636 | by Staff reporter
US$30 million for Lupane State University students accommodation
THE Infrastructure Development Bank of Zimbabwe (IDBZ) has released US$30m for the construction of Lupane State University student accommodation and work has already begun in earnest on the seven-hect...Published: 11 Sep 2022 at 11:05hrs | 750 | by Staff Reporter
Wadyajena wants fraud charges dropped
Gokwe-Nembudziya legislator Justice Mayor Wadyajena yesterday indicated that he will next week file an application for refusal of further remand on the matter he is jointly charged with Cotton Company...Published: 09 Sep 2022 at 06:02hrs | 500 | by Staff reporter
Bread price goes up in Zimbabwe
THE bread shortage that has been largely described as artificial and temporary by market players hit the market over the past few days as bakers increased the price of the product.Some retaile...Published: 07 Sep 2022 at 06:42hrs | 1037 | by Staff reporter
Zimdollar shortage hits market
A SHORTAGE of Zimbabwe dollar notes has hit the market, plunging companies and individuals into an acute liquidity crisis.Experts say the liquidity crunch has resulted from low demand for good...Published: 02 Sep 2022 at 06:51hrs | 2902 | by Staff reporter
Mnangagwa's ex-convict ally implicated in Cottco scandal
GUTAI Lisa-Marie Maropafadzo of Maropafadzo Energy (Pvt) Ltd , an ex-convict close to President Emmerson Mnangagwa and his family whose company is implicated in the US$5 million Cotton Company of Zimb...Published: 28 Aug 2022 at 19:10hrs | 2985 | by Staff reporter
'Match salaries to basic commodity prices'
THE Consumer Council of Zimbabwe (CCZ) has said there is a need to match the cost of basic commodities with salaries of both private and public sector workers.This comes after the reduction of...Published: 25 Aug 2022 at 06:33hrs | 231 | by Staff reporter
Zimbabwe explores central bank digital currency
The Reserve Bank of Zimbabwe (RBZ) says it is moving ahead with plans to create Zimbabwe's own Central Bank Digital Currency (CBDC) on a phased approach.RBZ Governor Dr John Mangudya said the ...Published: 24 Aug 2022 at 06:37hrs | 517 | by Staff reporter
Zimdollar depreciates by 5, 8% on the RBZ Foreign Exchange Auction
THE Zimdollar value has depreciated by 5, 8% against the greenback on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction.Market watchers believe the development is a positive step whi...Published: 23 Aug 2022 at 19:49hrs | 713 | by Staff reporter
American economics says ZimStat is run by a clown
UNITED States professor of applied economics at Johns Hopkins University in Baltimore, Maryland, and senior fellow at the Cato Institute, Steve Hanke, has fiercely hit back at the Zimbabwe Statistical...Published: 21 Aug 2022 at 10:05hrs | 1542 | by Staff reporter
Zimbabwe black market rates tumble
A raft of robust economic measures put forward by President Mnangagwa and his administration have proved to have a stabilising effect on the national economy as they managed to arrest the parallel mar...Published: 21 Aug 2022 at 08:43hrs | 1293 | by Staff reporter
NSSA awards pensioners 50pc increment
Pension payouts will be reviewed by up to 50 percent this month and be progressively adjusted in subsequent months subject to "affordability and sustainability" to cushion pensioners from price increa...Published: 21 Aug 2022 at 08:41hrs | 151 | by Staff reporter
Wadyajena fraud case opens can of worms
Zanu-PF Member of Parliament for Gokwe-Nembudziya constituency Justice Mayor Wadyajena who is accused of fraud and money laundering involving US$5,8 million appeared in court Wednesday and was remande...Published: 19 Aug 2022 at 06:48hrs | 9959 | by Staff reporter
US economist says ZimStat boss talking 'rubbish'
AMERICAN economics professor Steve Hanke, who came under fire in Zimbabwe on Wednesday for cooking inflation data, has described the criticism as "rubbish" and defended his controversial formula....Published: 19 Aug 2022 at 06:44hrs | 593 | by Staff reporter
Wadyajena bought 25 trucks in US$5m Cottco scam, court hears
Justice Mayor Wadyajena, Zanu PF's Gokwe Nembudziya MP and chairman of the parliamentary committee on agriculture, siphoned millions of dollars from the Cotton Company of Zimbabwe in an elaborate scam...Published: 18 Aug 2022 at 08:01hrs | 2966 | by Staff reporter
Zimdollar depreciation on parallel and RBZ markets eases
THE depreciation of the Zimbabwean dollar has begun to ease on both the parallel and official market following months of a sustained downward spiral which saw the local currency losing more than half ...Published: 18 Aug 2022 at 06:48hrs | 3148 | by Staff reporter
ZimStat debunks Steve Hanke's cooked data
TEMPERS flared over Zimbabwe's rioting inflation yesterday, with the country's chief statistician hitting out at an American economist and the media for querying the validity of data produced by his o...Published: 18 Aug 2022 at 06:46hrs | 615 | by Staff reporter
Zimdollar makes paper gains
The economy has largely stabilised, especially from late last month, as a result of aggressive measures by Government to rein in market indiscipline, and market watchers are confident the latest inter...Published: 14 Aug 2022 at 07:22hrs | 609 | by Staff reporter
Fake promises anger Zimbabwe army, police
DESPITE efforts by President Emmerson Mnangagwa's government to create the impression that it is supportive and taking good care of the uniformed forces, morale remains low in the military barracks an...Published: 13 Aug 2022 at 14:23hrs | 3085 | by Staff reporter
RBZ strangles street money changers
They don't know what has suddenly hit them. It is no longer business as usual for most, if not all, illegal street money changers.They used to call the shots in the last few months, de...Published: 13 Aug 2022 at 07:23hrs | 1293 | 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 | 121 | 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 | 459 | by Staff reporter
Mphokos, Choppies legal wrangle rages on
THE legal battle pitting Choppies Enterprises Limited against former Vice-President Phelekezela Mphoko and his son Siqokoqela over the 51 percent shareholding that they claim at the retail giant will ...Published: 11 Aug 2022 at 06:40hrs | 508 | by Staff reporter
Mnangagwa's US$500m Zim Cyber City 'murky' investor exposed
MULK International, the United Arab Emirates-based company roped in by President Emmerson Mnangagwa to build a US$500 million Zim Cyber City in Harare, secretly bought Nigeria's National Theatre for U...Published: 10 Aug 2022 at 08:46hrs | 2795 | by Staff reporter
Zimbabwean dollar gaining value
Parallel market exchange rate responds to RBZ measuresTREASURY has been hailed for tightening screws on money supply growth in the market, in a move credited for stabilising the foreign curren...Published: 09 Aug 2022 at 17:57hrs | 34976 | by Staff Reporter
Is Zimbabwe's new gold coin evidence of a broader global trend?
Saber rattling by the Chinese Communist Party stoked investor fears this week, putting upward pressure on gold prices. CCP officials felt aggrieved by House Speaker Nancy Pelosi's visit to Taiwan, whi...Published: 09 Aug 2022 at 08:20hrs | 274 | by Mike Gleason
Zimbabwe average salary very low as poverty bites
SEVEN out of 10 employed people in Zimbabwe earned a monthly salary of ZW$20 000 in January this year, an income which was below the obtaining bread basket as urban poverty hits the southern African n...Published: 07 Aug 2022 at 18:51hrs | 670 | by Staff reporter
Load More Stories
