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Crime in Harare increases
There appears to have been a major increase in crime, including violent crime, in Harare, judging by reports received by Safeguard Security from its customers and other sources.In an update to...Published: 19 Mar 2019 at 14:31hrs | 3380 | by Agencies
Egodini Mall project stalls
ZIMBABWE's financial meltdown has brought the construction of the Egodini Mall — set to be the biggest public transport terminus boasting a retail section and parking bays in Zimbabwe's second large...Published: 17 Mar 2019 at 18:09hrs | 1417 | by Staff reporter
Fuel prices up by 8 cents
Retailers have hiked petrol and diesel prices by up to 8 cents per litre, adding to the burden of consumers dealing with record prices and amid rising political pressure on the Emmerson Mnangagwa-led ...Published: 17 Mar 2019 at 18:08hrs | 1821 | by Staff reporter
Mthuli Ncube wages war against surging inflation
Zimbabwe's annual inflation has risen to a 10-year high since hyperinflation, but month-on-month prices are beginning to drop as monetary reforms aimed at combating inflation, addressing foreign curre...Published: 17 Mar 2019 at 18:08hrs | 995 | by Staff reporter
Zimbabwe struggles despite huge forex inflows
ZIMBABWE is doing fairly well in terms of foreign currency earnings compared to countries such as Rwanda and Ethiopia yet the country is struggling to meet its forex obligations, a situation which has...Published: 17 Mar 2019 at 08:56hrs | 2944 | by Staff reporter
Mthuli Ncube should learn from Masiyiwa
Finance minister Mthuli Ncube's United States jaunt last week was always expected to yield what it yielded - an empty basket. It's no rocket science.In an article published in this column last...Published: 15 Mar 2019 at 17:08hrs | 4305 | by Brett Chulu
Zimbabwe, South Africa to jointly develop Beitbridge, Musina
President Mnangagwa cuts the ribbon during the official launch of the TelOne Beitbridge-Masvingo-Harare fibre optic link in Beitbridge yesterdayTHE Zimbabwean and South African governments hav...Published: 14 Mar 2019 at 05:59hrs | 3105 | by Staff Reporter
Delta explains price reviews
LISTED beverages company, Delta Corporation, has outlined reasons behind the recently effected price increase on assorted soft drinks and beer. Amongst the reasons Delta is citing runaway oper...Published: 13 Mar 2019 at 22:46hrs | 2304 | by Staff reporter
Mthuli Ncube speaks about adopting the rand by Zimbabwe
Zimbabwean finance minister Mthuli Ncube said the possibility of his country either adopting the SA rand as its main currency of trade - alongside its local unit, the RTGS dollar - or joining the rand...Published: 12 Mar 2019 at 17:01hrs | 16007 | by TimesLive
Zimbabwe manufacturing sector exports up by 54%
ZIMBABWE'S manufacturing sector exports went up by 54% to US$222,6 million in 2018, buoyed by the export incentive introduced by the Reserve Bank of Zimbabwe in 2016, Industry and Commerce minister Nq...Published: 12 Mar 2019 at 06:01hrs | 452 | by Staff reporter
Zimbabwe's Casino Economy: Extraordinary Measures for Extraordinary Challenges by Gideon Gono
The paperback novel written by Gideon Gono, revolves around the issues regarding his position as the Governor of the Reserve Bank of Zimbabwe and the opportunity Gono had to serve his president and th...Published: 11 Mar 2019 at 09:45hrs | 2494 | by Joe K
Mugabeist G4Os and their aging geriatric could not even read the signs
In November 2018, His Excellency, President Emmerson Dambudzo Mnangagwa, boldly declared the open and unrelenting warfare against the evil of endemic corruption."In the Second Republic, we wil...Published: 10 Mar 2019 at 10:04hrs | 1755 | by Christopher Mutsvangwa
Sipho Pityana is a toxic, divisive and vindictive leader
Writing in his so-called personal capacity, Sipho Pityana, the president of Business Unity SA (Busa) and the chairperson of AngloGold Ashanti, tried and failed to derail last week's successful summit ...Published: 10 Mar 2019 at 09:23hrs | 811 | by Sandile Zungu, president of the Black Business Council
Zimra collects US$18,5 million forex from retailers
THE Zimbabwe Revenue Authority (Zimra) has so far collected almost US$18,5 million in value added tax (VAT) from retailers selling goods and services in foreign currency, it has been learnt.Go...Published: 10 Mar 2019 at 08:46hrs | 282 | by Staff reporter
Billions missed through raw tobacco exports
Zimbabwe prepares for the opening of the 2019 Tobacco Marketing season set to start on the 21st of March, the local market is hyped up in anticipation. In 2018, Zimbabwe produced an all-time high of 2...Published: 10 Mar 2019 at 07:10hrs | 644 | by Victor Bhoroma
Bakers debunk 100% local wheat bread
INDUSTRY experts have roundly discredited the proposal presented to Cabinet last week by a Gweru farmer who claimed that he could produce a standard loaf of bread using locally-produced wheat alone....Published: 08 Mar 2019 at 10:24hrs | 927 | by Staff reporter
Fuel shortages to ease by month-end: Mangudya
RESERVE Bank of Zimbabwe governor John Mangudya yesterday said the current fuel shortages will ease by end of the month, attributing the problem to delays in the processing of lines of credit (LCs) an...Published: 08 Mar 2019 at 07:01hrs | 1026 | by Staff reporter
Zimbabwe consumer prices post first drop in months
Some local consumer prices marginally fell this week for the first time in months as declining costs for foreign exchange offset rising prices after the central bank ditched the fanciful greenback bon...Published: 07 Mar 2019 at 13:26hrs | 2529 | by Staff reporter
Strive Masiyiwa buys back controlling stake in Botswana's Mascom
MTN Group Ltd. announced the disposal of its share in a Botswana joint venture as Africa's biggest wireless carrier by revenue kicks off a drive to raise at least 15 billion rand ($1.1 billion) from a...Published: 07 Mar 2019 at 07:55hrs | 5046 | by Staff reporter
A time to impose sanctions on America!
America has imposed a new set of sanctions that must run for the next 12 months against Zimbabwe. This is not new. America has been doing this for the past 18 years since Zimbabwe took the bold but lo...Published: 06 Mar 2019 at 14:47hrs | 2074 | by Chigumbu Warikandwa
Mphokos free
FORMER Vice-President Phelekezela Mphoko's son, Siqokoqela and his wife Nomagugu, were yesterday freed following the withdrawal of their fraud and extortion charges by the State. The Mphokos w...Published: 05 Mar 2019 at 22:52hrs | 3372 | by Staff reporter
2 more Choppies tellers arrested
TWO more Choppies supermarket till operators from Bulawayo have been arrested for allegedly stealing about $ 2 300 after hacking the shop's systems. Precious Moyo and Rachel Sibanda appeared b...Published: 05 Mar 2019 at 22:50hrs | 3270 | by Staff reporter
Mthuli Ncube considers fuel tax cut
The government is considering lowering taxes on fuel to ease the burden on consumers following the liberalisation of the foreign exchange market last week. This is coming as the government is also pla...Published: 05 Mar 2019 at 07:54hrs | 7340 | by Staff reporter
Vivo Energy completes regional expansion
Africa's largest independent fuels and lubricants retailer, Vivo Energy, says it has completed the purchase of a network of filling stations owned by Engen Holdings.The transaction adds operat...Published: 03 Mar 2019 at 11:03hrs | 584 | by Staff reporter
Government to liberalise fuel imports
GOVERNMENT is working on a new set of regulations that would allow holders of free funds to import fuel to augment current supplies.In 2015, Statutory Instrument (SI) 171 was amended to allow ...Published: 03 Mar 2019 at 01:36hrs | 2784 | by Staff reporter
RBZ executive wants to be removed from remand
Reserve Bank of Zimbabwe (RBZ) financial intelligence unit director Mirirai Chiremba has said he will apply for refusal of further remand during his next court appearance. Chiremba appea...Published: 03 Mar 2019 at 01:01hrs | 163 | by Staff reporter
Looted shops get fridges
MORE than 120 Bulawayo shop owners whose properties were destroyed during the opposition instigated violent protests in January, yesterday received refrigerators from Varun Beverages. As part ...Published: 03 Mar 2019 at 00:51hrs | 266 | by Staff reporter
Govt concerned over delays in Egodini Mall project
GOVERNMENT has expressed concern over delays in the construction of Bulawayo's proposed Egodini Mall, more than three years after South African firm Terracorta won the tender to undertake the project....Published: 28 Feb 2019 at 06:18hrs | 1210 | by Staff reporter
Widow loses $40 000 in card cloning scam
A Bulawayo widow lost more than $40 000 after a Harare man allegedly cloned her late husband's bank card and went on to conduct illegal point of sale (POS) transactions at various retail outlets. ...Published: 28 Feb 2019 at 06:15hrs | 1369 | by Staff reporter
Transport blues hit Harare
SCORES of commuters were on Monday night stranded in the city centre as public transport operators either stopped early in the evening or were not there at all.This was because of an unanticip...Published: 27 Feb 2019 at 14:31hrs | 2574 | by Staff reporter
Govt explains diesel shortages
Government has apologised for the current shortages of diesel on the market which it said had been caused by a "logistical" glitch.This comes as most garages are struggling to raise money on t...Published: 26 Feb 2019 at 13:22hrs | 2099 | by Staff reporter
Mangudya pressed wrong button, says MDC Alliance shadow minister
Reserve Bank of Zimbabwe governor John Mangudya's keenly awaited monetary policy statement (MPS) delivered last Wednesday has sparked debate amid fears that the floating of the exchange rate will spar...Published: 24 Feb 2019 at 06:50hrs | 3171 | by Staff reporter
Govt works on goods price structure
GOVERNMENT is developing a framework for providing basic commodities at fair and affordable prices within the next two months.President Emmerson Mnangagwa has already given his blessings to th...Published: 24 Feb 2019 at 06:45hrs | 570 | by Staff reporter
Retailers, Government work on regulating tuckshops
The Confederation of Zimbabwe Retailers (CZR) is working with the Government to come up with ways of regulating tuckshops amid concerns that they are largely operating outside the formal taxing system...Published: 24 Feb 2019 at 06:39hrs | 408 | by Staff reporter
RBZ will not raid anyone's foreign currency account
BANK balances for both RTGS dollars and FCA Nostros will remain the same and the Reserve Bank of Zimbabwe will not raid anyone's foreign currency account, the Governor, Dr John Mangudya has said....Published: 24 Feb 2019 at 06:39hrs | 318 | by Staff reporter
Fairly priced goods by April promises govt
Government is presently developing the framework for providing basic commodities at fair and affordable prices within the next two months.President Emmerson Mnangagwa has already given his ble...Published: 24 Feb 2019 at 06:32hrs | 447 | by Staff reporter
Processed transactions value surge 62% to $151,75bn
Zimbabwe registered a 62% increase in the value of transactions processed on its payment system to $151,75 billion in 2018 from $93,83 billion in the prior year, driven mainly by real time gross settl...Published: 22 Feb 2019 at 09:02hrs | 47 | by Staff reporter
Zanu-PF School of Ideology to open provincial schools
Zanu-PF's Herbert Chitepo School of Ideology is set to open provincial schools in the country's 10 provinces as it works towards imparting fundamental ethos regarding the country's history among its m...Published: 21 Feb 2019 at 21:05hrs | 210 | by Staff reporter
Mangudya's retreat to safety is timely.....
Governor Mangudya has fundamentally been a good central banker, and perhaps that is why, just like yesterday afternoon, he frequently deflates the air of anticipation that precedes his scheduled polic...Published: 21 Feb 2019 at 21:03hrs | 1463 | by Staff reporter
Employers not worried by bond notes, RTGS devaluation
The floating of RTGS dollars will have minimum effect on employers despite the rising inflation, which reached record levels since the introduction of the multi-currency regime 10 years ago, an employ...Published: 21 Feb 2019 at 21:02hrs | 2122 | by Staff reporter
Mthuli Ncube says Zimbabwe's inflation rate is being misread
Finance Minister Mthuli Ncube has said the country’s inflation rate, which surged to the highest annual level since a hyperinflation blowout a decade ago, is being misread and the measure of monthly...Published: 21 Feb 2019 at 17:10hrs | 5160 | by Bloomberg
Soldiers and police should be alert for any violent demos
Many businesses that were prejudiced of more than $500 million in damages and unrealised earnings following last month's violent demonstrations organised by the MDC Alliance and backed by some NGOs, a...Published: 20 Feb 2019 at 23:24hrs | 1669 | by Editorial - The Chronicle
For economy to take off, we must take air out of inflation
What is inflation and why must we get it under control? What has been going wrong, and how are we putting things right? As an Economics Professor, its important I first explain the basics. In ...Published: 20 Feb 2019 at 23:22hrs | 1494 | by Prof Mthuli Ncube
Delta demands payment in forex
Delta Corporation is reportedly demanding customers to pay for part of their orders from the beverage maker in hard currency to allow it to source imported raw materials as a pressing foreign currency...Published: 20 Feb 2019 at 10:06hrs | 1581 | by Staff reporter
Mnangagwa to replace POSA with Peace & Order Bill
CABINET yesterday approved the Maintenance of Peace and Order Bill which seeks to repeal the Public Order and Security Act (POSA), Protection of Personal Information Bill and the Freedom of Informatio...Published: 19 Feb 2019 at 22:36hrs | 1405 | by Staff reporter
New steel factory for Bulawayo
A LOCAL company, Primetone Investments is in discussions with an Asian group of companies, Kanku International, to set up a US$250 000 steel manufacturing plant in Bulawayo. In an interview du...Published: 18 Feb 2019 at 22:55hrs | 1076 | by Staff reporter
Banks plunge into fresh crisis
THE Reserve Bank of Zimbabwe (RBZ) shot down an urgent request by commercial banks to raise interest rates and transaction charges at a crisis meeting held in Harare last week, arguing the move would ...Published: 15 Feb 2019 at 14:35hrs | 3158 | by Staff reporter
Fears of imminent maize meal price increases
1. Fears of imminent maize meal price increases have been extensively speculated in both the main stream and social media. This has, to a large extent, Fueled panic buying with some unscrupulous retai...Published: 15 Feb 2019 at 09:30hrs | 1094 | by GMAZ
Ncube, Mangudya policy tussle on monetary policy statement
POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main...Published: 15 Feb 2019 at 08:27hrs | 522 | by Brett Chulu
'Suppliers demand cash up-front from NatPharm'
National Pharmaceutical Company (NatPharm) has said foreign suppliers of drugs are now demanding cash up-front from Zimbabwe before releasing orders, further worsening the supplies of medicines in the...Published: 14 Feb 2019 at 07:26hrs | 192 | by Staff reporter
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