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Mthuli Ncube's 2025 Budget to increase cost of doing business
Leading retailer OK Zimbabwe has expressed concern that the 2025 National Budget, as outlined by Finance Minister Prof Mthuli Ncube, will increase business costs, further exacerbating an already chall...Published: 20 Dec 2024 at 11:12hrs | 451 | by Staff reporter
Zimbabwe struggles to tackle smuggling as festive season approaches
The Zimbabwean government has expressed concerns over its ability to combat smuggling during the festive season due to limited resources, particularly fuel, required to support the taskforce teams. St...Published: 19 Dec 2024 at 16:48hrs | 146 | by Staff reporter
Government launches door-to-door blitz on smuggled goods
The Government of Zimbabwe has launched an extensive door-to-door crackdown aimed at confiscating smuggled goods, which have become a growing problem, especially during the festive season. This operat...Published: 19 Dec 2024 at 16:45hrs | 387 | by Staff reporter
Mthuli Ncube cracks down on smugglers
The Government of Zimbabwe has initiated a nationwide crackdown on smuggling through cross-border buses and illegal businesses trading in contraband to safeguard local industries and protect consumer ...Published: 17 Dec 2024 at 06:34hrs | 1815 | by Staff reporter
Minister Raj Modi's liquor outlet closed amid smuggling clampdown
The Zimbabwean government has shut down a liquor outlet owned by Deputy Minister of Industry and Commerce, Raj Modi, in Bulawayo as part of a nationwide operation targeting smuggled goods. The closure...Published: 16 Dec 2024 at 15:20hrs | 2103 | by Staff reporter
NetOne rewards customers with 'Trolley Dash' Holiday Campaign
In a festive move to celebrate the holiday season, OneMoney, a NetOne product, has again unveiled its yearly exciting promotion called "Trolley Dash" that aims to reward customers for their digital tr...Published: 14 Dec 2024 at 10:14hrs | 247 | by Simbarashe Sithole
Zimbabwe clamps down on smuggling, counterfeit products
Authorities in Zimbabwe are intensifying efforts to combat the smuggling of consumer goods into the country and the proliferation of counterfeit and substandard products in the market to safeguard pub...Published: 13 Dec 2024 at 09:43hrs | 260 | by Staff reporter
Pick n Pay shuts first hyper market
Pick n Pay has quietly shut one of its Hypermarkets, the store known as Hyper Vaal. This is the first Hypermarket that has closed in the country.It is located in the Bedworth Centre, on ...Published: 11 Dec 2024 at 06:10hrs | 1551 | by Staff reporter
Zimbabwe power users raise US$250 million for floating solar plant on Kariba Dam
Zimbabwe's industrial power users have secured $250 million from the African Export-Import Bank to build floating solar panels at the world's largest man-made lake.The Intensive Energy User Gr...Published: 10 Dec 2024 at 07:14hrs | 755 | by Staff reporter
Death knell for Zimbabwe's departmental shops
The demand for partitioned lettable shops in Bulawayo's Central Business District (CBD) has reached unprecedented levels, with the Bulawayo City Council receiving a flood of applications for the conve...Published: 09 Dec 2024 at 06:50hrs | 475 | by Staff reporter
BCC leases land for business to boost local economy
The City of Bulawayo has announced the opening of a new tender process inviting bids for the lease of several business premises across the city. This initiative is part of the local authority's effort...Published: 08 Dec 2024 at 09:52hrs | 105 | by Staff reporter
Travellers stranded as bus services halt in Beitbridge
Hundreds of travellers, including cross-border traders and shoppers, were left stranded in Beitbridge on Wednesday after bus operators suspended services in response to a government-led anti-smuggling...Published: 08 Dec 2024 at 09:51hrs | 321 | by Staff reporter
Major crackdown on smuggling launched
A multi-agency operation targeting small businesses and cross-border transporters involved in smuggling and unethical practices has led to the impounding of dozens of vehicles, including buses and hau...Published: 08 Dec 2024 at 09:49hrs | 145 | by Staff reporter
Heatwave and water crisis grip Beitbridge
The escalating effects of climate change are manifesting with greater severity, as Beitbridge District faced sweltering temperatures of up to 42°C yesterday. The extreme heatwave has intensified dema...Published: 07 Dec 2024 at 10:23hrs | 347 | by Staff reporter
Crackdown on businesses rejecting ZiG to intensify
The Zimbabwean government has vowed to intensify its crackdown on suppliers and manufacturers who refuse to transact in Zimbabwe Gold (ZiG) currency or use parallel market exchange rates. The move was...Published: 06 Dec 2024 at 16:34hrs | 1271 | by Staff reporter
BCC waives Bosso's $890 Stadium hire fee shortfall
The Bulawayo City Council (BCC) has agreed to waive a US$890.11 shortfall in stadium hire fees owed by Highlanders FC. This decision follows the club's request for leniency after an unprecedented supp...Published: 06 Dec 2024 at 06:30hrs | 109 | by Staff reporter
Zimbabwe fuel retailers urged to renew licences
The Zimbabwe Energy Regulatory Authority (ZERA) has issued a reminder to businesses selling fuel and liquid petroleum gas to ensure their licences are renewed on time, emphasizing that those with lice...Published: 06 Dec 2024 at 06:29hrs | 151 | by Staff reporter
'John Moxon tried to sell Victoria Falls Hotel stake without board approval'
Tensions at Meikles Limited have reached a boiling point, as a group of four directors has accused the company's non-executive chairman, John Moxon, of attempting to sell the group's 50% stake in the ...Published: 04 Dec 2024 at 09:21hrs | 1726 | by Staff reporter
SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 192 | by Staff reporter
Zanu-PF's Raj Modi interested in Choppies acquisition
Local trading firm Pin Tail Trading, which operates the Sai Mart retail chain, has expressed interest in acquiring Choppies Enterprises Limited's Zimbabwe operations. The leading supermarket chain rec...Published: 01 Dec 2024 at 08:54hrs | 3483 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 96 | by Staff reporter
Mphoko points to legal disputes as why Choppies is exiting Zimbabwe
Choppies Enterprises Limited has revealed plans to cease its operations in Zimbabwe, citing increased competition from the informal sector among other challenges. However, former Vice President Phelek...Published: 30 Nov 2024 at 15:42hrs | 2859 | by Staff reporter
Mozambique shoe dealers flood Zimbabwe
In the bustling streets of Marondera's central business district, a 23-year-old Mozambican national, Moses Ferinando, makes his way through the crowd, an array of shoes - mostly sneakers - strapped to...Published: 30 Nov 2024 at 13:04hrs | 2727 | by Staff reporter
Choppies considers exiting Zimbabwe
Choppies Enterprises Limited has announced its intention to sell the business operations of its wholly-owned subsidiary, Nanavac (Pty) Ltd, trading as Choppies Zimbabwe, subject to discussions and reg...Published: 29 Nov 2024 at 18:26hrs | 6193 | by Staff reporter
Zimbabwe introduces taxes on pizza, burgers, fries
Finance Minister Mthuli Ncube has announced a new 0.5% tax on fast foods and a 10% withholding tax on sports betting winnings, set to take effect on January 1, 2025. The measures, unveiled during...Published: 28 Nov 2024 at 16:17hrs | 2144 | by Staff reporter
It's time real patriotic Zimbabweans stood up against the destruction of their country
It never rains but pours for the people of Zimbabwe.This month, the Zimbabwean government failed to pay its civil servants their full salaries-a disgraceful development that underscores the de...Published: 28 Nov 2024 at 15:12hrs | 161 | by Tendai Ruben Mbofana
John Moxon questions appointment of son as CEO
Meikles Limited's board chairperson and major shareholder, John Moxon, has accused his fellow directors of bypassing proper governance procedures in the appointment of his son, Matthew Moxon, as the c...Published: 27 Nov 2024 at 07:11hrs | 1312 | by Staff reporter
Zimbabwe police warn of syndicate circulating counterfeit US$100 notes
The Zimbabwe Republic Police (ZRP) has issued a warning to the public regarding a syndicate circulating counterfeit US dollar notes in denominations of $100. The illegal operation is reportedly active...Published: 26 Nov 2024 at 08:19hrs | 648 | by Staff reporter
Cheap shoe imports choke local leather sector
Local leather manufacturers are facing significant challenges as they are forced to scale down their shoe production due to the influx of cheap imports, which are undermining the viability of domestic...Published: 24 Nov 2024 at 10:10hrs | 176 | by Staff reporter
Smuggled, counterfeits goods flood Zimbabwe's market
Illegally imported goods, ranging from soft drinks to baby formula, are flooding Zimbabwe's markets, threatening public health and the economy, a recent market surveillance by the Consumer Protection ...Published: 24 Nov 2024 at 10:05hrs | 194 | by Staff reporter
Zimbabwe govt to simplify business licensing
The Zimbabwean Government is taking proactive steps to simplify the business licensing process and reduce associated costs, with the aim of improving the ease of doing business in the country. A Cabin...Published: 24 Nov 2024 at 10:05hrs | 176 | by Staff reporter
Zimbabwe achieves record wheat harvest
Zimbabwe has achieved a record-breaking wheat harvest of over 560,000 tonnes for the 2024 season, surpassing last year's production of 467,905 tonnes. This marks the second consecutive year the countr...Published: 24 Nov 2024 at 09:59hrs | 644 | by Staff reporter
South Africa's big business wants spaza shop economy?
Major businesses across South Africa are looking to capitalise on the country's booming informal economy, with many companies licking their lips at an opportunity worth hundreds of billions of rands....Published: 22 Nov 2024 at 10:04hrs | 573 | by Staff reporter
SA-based Zim entrepreneur nominated for top award
Nyasha Chisoko, a Zimbabwean entrepreneur based in South Africa, has been nominated for Female Personality of the Year at the prestigious Zimbabwe Achievers Awards (ZAA), recognizing her success in tw...Published: 20 Nov 2024 at 07:03hrs | 235 | by Staff reporter
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 175 | by Staff reporter
TTI Boss Lizwe Mabuza: The Philanthropic Visionary Driving Bulawayo's Social Responsibility Agenda
In an era where corporate social responsibility (CSR) is often reduced to buzzwords and token gestures, one man stands as a testament to genuine commitment towards community upliftment. Lizwe Mabuza, ...Published: 16 Nov 2024 at 20:08hrs | 3593 | by Mandla Ndlovu
Confidence in Zimbabwe gold currency hits historic low
Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has admitted.Introduced in April this ye...Published: 14 Nov 2024 at 09:52hrs | 1830 | by Staff reporter
High interest rates choking Zimbabwe currency borrowing
Listed clothing retailer, Edgars Stores Limited, has reported a resilient performance for the half-year period ending July 7, 2024, despite the ongoing economic setbacks and high interest rates that c...Published: 10 Nov 2024 at 11:02hrs | 182 | by Staff reporter
Power Sales workers fume over salaries
Powersales, a retail clothing chain in Bulawayo, is embroiled in a dispute with its employees after management decided to offset outstanding salaries with sewing machines, leaving workers dissatisfied...Published: 10 Nov 2024 at 10:57hrs | 274 | by Staff reporter
Bank card fraud chaos in South Africa
In 2023, card-not-present (CNP) fraud accounted for over 68% of all card fraud committed in South Africa, costing citizens over R700 million.This is according to the South African Banking Risk...Published: 08 Nov 2024 at 16:31hrs | 2230 | by Staff reporter
Retail outlets closes amid ZWG fluctuation
The recent spate of closures among prominent retail outlets in Zimbabwe has prompted Parliament to demand an explanation from Finance Minister Mthuli Ncube. The closures, attributed to the ongoing eco...Published: 05 Nov 2024 at 08:25hrs | 7804 | by Staff reporter
Zimbabwe unveils industrial growth blueprint for automotive sector
The Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP), a targeted economic manufacturing initiative, has outlined key strategies to boost domestic production of buses and trucks. Running from...Published: 30 Oct 2024 at 07:52hrs | 118 | by Staff reporter
Choppies mulls Zimbabwe exit
Botswana-based retailer Choppies Enterprise Limited is contemplating a withdrawal from the Zimbabwean market, citing significant financial pressure stemming from the instability of the newly introduce...Published: 29 Oct 2024 at 07:44hrs | 6757 | by Staff reporter
Cheap mobile and fintech innovator a solution for the Zimbabwe market
Greydot Telecommunications Zimbabwe, a subsidiary of Greydot Telecommunications Africa, is making significant strides in the telecommunications and fintech landscape across Southern Africa. Establishe...Published: 27 Oct 2024 at 14:32hrs | 815 | by Staff reporter
Zimbabwe's new policy outlines plans to widen tax base
The Zimbabwean government has announced a new policy under the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) to simplify tax models for Small to Medium Enterprises (SMEs). This move aims ...Published: 27 Oct 2024 at 12:18hrs | 264 | by Staff reporter
Security guard denied bail over Mbare market fire
A security guard at Mbare Musika marketplace, Action Chakauya, aged 35, has been denied bail following allegations of negligence that led to a significant fire, causing extensive property damage. Chak...Published: 23 Oct 2024 at 07:52hrs | 287 | by Staff reporter
Nkomo blasts Zanu-PF over policy confusion
Zapu leader Sibangilizwe Nkomo has blasted Zanu PF government over policy which he blamed for economic quagmire in the country.In...Published: 22 Oct 2024 at 07:21hrs | 568 | by Stephen Jakes
Swipe machines now mandatory in Zimbabwe
The Consumer Protection Commission has launched an enforcement blitz against businesses refusing to accept Point-of-Sale (POS) machine transactions, making it mandatory for all businesses to comply wi...Published: 21 Oct 2024 at 07:41hrs | 3196 | by Staff reporter
Zimbabwe faces influx of counterfeit goods
The Consumer Protection Commission (CPC) has raised alarm over the rampant influx of counterfeit goods into Zimbabwe, revealing that the smuggling of these products is occurring on an industrial scale...Published: 20 Oct 2024 at 14:13hrs | 255 | by Staff reporter
Zera shuts down 73 unlicensed fuel stations
The Zimbabwe Energy Regulatory Authority (ZERA) has taken decisive action against unlicensed fuel stations, shutting down more than 70 facilities suspected of selling petroleum products from unauthori...Published: 20 Oct 2024 at 12:19hrs | 236 | by Staff reporter
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