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Cement imports threaten Zimbabwe's economy, warns PPC Zimbabwe
Zimbabwe risks losing approximately US$50 million annually in foreign currency if cement imports continue to flood the market, warns leading cement manufacturer Pretoria Portland Cement (PPC) Zimbabwe...Published: 02 Dec 2024 at 18:57hrs | 1221 | by Staff reporter
PPC Zimbabwe lays off managers
Cement manufacturer PPC Zimbabwe is facing growing discontent among its middle-level management in the southern region following reports that over 20 local managers are set to be laid off as part of a...Published: 27 Nov 2024 at 07:08hrs | 1540 | by Staff reporter
Ex-Zupco workers plan court action over outstanding pay
Former workers of the Zimbabwe United Passenger Company (Zupco) have raised serious concerns over the company's failure to pay outstanding salaries, some of which date back to July last year. The disg...Published: 22 Nov 2024 at 07:10hrs | 150 | by Staff reporter
BancABC uses 'dirty tactics' to silence bosses?
BancABC is engulfed in controversy, facing accusations of fabricating charges against at least nine top managers as part of a strategy to evade paying retrenchment packages, NewZimbabwe.com has learne...Published: 04 Nov 2024 at 06:50hrs | 1348 | by Staff reporter
Setback for Ramaphosa as another major retailer in South Africa closes its doors
Jumia Technologies, the Africa-focused e-commerce retailer that operates popular online retailer Zando, says it will be exiting the South African business by the end of the year to sharpen its focus o...Published: 19 Oct 2024 at 12:31hrs | 9611 | by Staff reporter
Mwonzora's MDC-T lays off workers
The MDC-T has begun finalising administrative modalities on the retrenchment of some of its workforce, with some workers expected to get their gratuities.The process is also set to address wha...Published: 13 Nov 2023 at 05:46hrs | 10 | by Staff reporter
Retrenched workers refuse to go
SUGAR producer starafricacorporation Limited has served retrenchment letters to 75 workers, but the workers have refused to sign arguing that their employer's decision was illegal.The company'...Published: 20 Sep 2023 at 06:40hrs | | by Staff reporter
Mnangagwa reverses late Chidyausiku's 'errors'
The new Labour Law approved by President Emmerson Mnangagwa has made it tough for companies to undertake reckless and stage-managed retrenchments which place workers at the losing end as had become th...Published: 09 Aug 2023 at 08:09hrs | 11 | by Staff reporter
NUST retrenchments reversed
The National University of Science and Technology, has reversed staff retrenchments effected last month advising those affected to go back to work.Last month, Nust reportedly retrenched over 60 st...Published: 17 Jun 2023 at 17:51hrs | 1 | by Staff reporter
Zimbabwe business mulls night-shift, weekend operations
INDUSTRY representative bodies are considering adopting night and weekend shifts as a short-term strategy to mitigate the adverse impact of crippling power cuts while ensuring steady production....Published: 14 Dec 2022 at 06:31hrs | | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 14 | by Victor Bhoroma
Zimbabwe's shutdowns not the best protest strategy
WORSENING economic conditions, coupled with growing unemployment as most Zimbabweans struggle to eke out a living in the informal sector are among the major reasons why this week's shutdown flopped....Published: 14 May 2022 at 19:42hrs | 11 | by Staff reporter
NRZ lays off workers
THE National Railways of Zimbabwe (NRZ) has retrenched 20 workers citing a sharp increase in operational costs amid allegations of victimisation, NewsDay Business has learnt.Employees at the p...Published: 07 Mar 2022 at 05:34hrs | 9 | by Staff reporter
Over 400 workers lose jobs to bank digitisation
AT least 321 bank workers were retrenched between 2020 and 2021 while a further 119 are set to be laid off this year as the sector embraces digital transformation, amid calls to retrain staff to take ...Published: 11 Feb 2022 at 16:46hrs | | by Staff reporter
'Salaries must revert to 2018 levels'
WITH the onset of the new year, there has been an increase in the demand by workers to be paid their salaries in hard currency. This has been prompted by the rapid fall in value of the Zimbabwe dollar...Published: 04 Feb 2022 at 21:31hrs | | by Staff reporter
Bloodbath in banking sector
ZIMBABWE'S banks, under siege from prolonged market turbulences and the Covid-19 scourge, fired almost 300 workers during the seven months to July, continuing a carnage sparked by the worldwide migrat...Published: 12 Sep 2021 at 08:55hrs | 10 | by Staff reporter
ANC crumbles under Cyril Ramaphosa
UNDER President Cyril Ramaphosa, the ANC seems to be falling apart. The once-glorious movement seems to be a former shadow of its past. These sentiments are shared by, among others, the staff ...Published: 31 Aug 2021 at 07:06hrs | 1 | by Staff reporter
Bulawayo's urban sprawl exposes housing crisis
Ndaba Dube, a Bulawayo resident, says he built himself a home on a small piece of land after the authorities kept him on the housing waiting list for more than two decades.The land he chose is...Published: 21 Aug 2021 at 08:16hrs | | by Ignatius Banda
Old Nic Mine in racial storm
A RACIAL storm is brewing at Old Nic Mine in Killarney suburb, Bulawayo, with black employees accusing their white South African managers of racially abusing them, among other unfair labour practices....Published: 22 May 2021 at 07:53hrs | 9 | by Staff reporter
Air Zimbabwe administrator lays out debt settlement plan
AIR Zimbabwe (AirZim) has sent out debt settlement agreement proposals to its multitudes of creditors, including over 300 former workers axed as the troubled airline slipped into turbulence in the pas...Published: 13 Apr 2021 at 06:40hrs | | by Staff reporter
Council top brass in US$8m binge
FORMER Harare City council top brass are facing arrest for illegally authorising over US$8 million in packages for managers and splashing millions on allowances, personal vehicles and holidays that mi...Published: 03 Dec 2020 at 06:40hrs | | by Staff reporter
FCB set to retrench employees
FIRST Capital Bank (FCB) is set to retrench workers as the business restructures in the face of the hyperinflationary environment and the need to digitalise.In a letter dated November 12, FCB ...Published: 19 Nov 2020 at 05:36hrs | | by Staff reporter
Zimbabweans turn to sex work amid economic crisis and COVID-19
DRESSED in a mini-skirt and blouse, Esther Kamupunga stood in semi-darkness waiting for men looking for sex the latest Zimbabwean to lose her job in a deepening economic crisis, worsened by the new co...Published: 31 Oct 2020 at 06:13hrs | | by Staff reporter
Mnangagwa's govt to raise Covid-19 household payouts to $1,000
Government has increased the Covid-19 cash transfers to vulnerable households to ZWL1,000 (USD12) per month from a paltry ZWL300 (USD3,50). Government has further mulled its intention to ...Published: 27 Oct 2020 at 10:09hrs | 1 | by Staff reporter
SAA awaits approval to repatriate blocked funds from Zimbabwe
The airline's rescue practitioners, Les Matuson and Siviwe Dongwana, have already accepted the mining company's offer to pay South African Airways (SAA) in exchange for access to its funds in Zimbabwe...Published: 23 Oct 2020 at 08:33hrs | 1 | by Staff reporter
Zanu PF has dismally failed
This is the second time now that Zanu PF has admitted that it has failed the nation and now appealing for patience and more time from the electorate to fix the mess.The Zanu PF acting Spokespe...Published: 13 Sep 2020 at 09:30hrs | 1 | by Leonard Koni
Mugabe striking terribly hard in death
LAST week marked the first anniversary of the death of Robert Gabriel Mugabe, independent Zimbabwe's first president. Arguably one of the world's most shrewd and controversial politicians, the "larger...Published: 11 Sep 2020 at 07:18hrs | | by Staff reporter
Mnangagwa creates 235 635 jobs for Zimbabweans
The Ministers of Public Service, Labour and Social Welfare and Industry and Commerce, and Women Affairs, Community, Small and Medium Enterprises Development informed Cabinet on job creation trends in ...Published: 09 Sep 2020 at 13:14hrs | 1 | by Mandla Ndlovu
200 000 enter formal job market
More than 200 000 formal jobs have been created between November 2017 and the end of last month boosting employment by 20 percent backed by 235 000 more now earning in the informal sector. Fur...Published: 09 Sep 2020 at 06:19hrs | | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 4 | by Staff reporter
'ZCTU will protest until Mnangagwa listens'
THE Zimbabwe Congress of Trade Unions (ZCTU) says the country was now in a humanitarian crisis and accused government of ignoring the plight of workers and of downplaying the impact of its austerity m...Published: 26 Aug 2019 at 07:04hrs | | by Staff reporter
Fears as xenophobic attacks to increase in South Africa
Xenophobic attacks are looming in South Africa after the country's President Matamela Cyril Ramaphosa announced this week that there will be massive job losses in the country due to the technological ...Published: 25 Jul 2019 at 13:05hrs | | by Mandla Ndlovu
'Trade Unions now useless' says Mnangagwa's advisor
Presidential Advisory Council member Dr Shingi Munyeza says Trade Unions are no longer useful due to the technological advancement that is taken place in various industries.Said Munyeza, "We a...Published: 24 Jul 2019 at 19:01hrs | | by Mandla Ndlovu
Zimdollar return: Beware the cobra effect
Last month, the government took all and sundry by surprise when it banned the use of multi-currencies in all local transactions and reintroduced the Zimdollar; abandoned due hyperinflation in 2009....Published: 24 Jul 2019 at 08:24hrs | | by Cliff Chiduku
BCC engages business community to revive industry
Bulawayo City Council is engaging the local business community to spearhead the development and revival of industries.This was revealed by council spokesperson Bongiwe Ngwenya yesterday in a n...Published: 23 Jul 2019 at 08:18hrs | | by Staff reporter
The ZCTU should choose between labour and politics
A few days before the violent and ruinous protests of 14 to 16 January this year in the main cities of Harare, Bulawayo and Mutare, the Zimbabwe Congress of Trade Unions (ZCTU) president, Peter Mutasa...Published: 29 Apr 2019 at 13:13hrs | | by Nobleman Runyanga
Massive retrenchments loom as Zimbabwe economy slows down
HUNDREDS of formal jobs are on the line in the economy as various businesses grapple with the realities of hyperinflation and exchange rate-induced losses. The market has witnessed massive price hikes...Published: 12 Apr 2019 at 09:14hrs | 1 | by Victor Bhoroma
Zimbabwe must tackle structural problems, fiscal dilemmas
AFTER showing signs of revival during the inclusive government era between 2009 and 2013, Zimbabwe's economy has been on a tailspin since the 2013 elections. Government has struggled to restore econom...Published: 05 Apr 2019 at 10:00hrs | | by Staff reporter
NSSA to review pensions
The National Social Security Authority has submitted a request to Government for an upward review of monthly pension payouts. This was said by acting NSSA general manager Mr David Makwara when...Published: 04 Feb 2019 at 07:45hrs | | by Staff reporter
Mnangagwa's govt has squandered immense goodwill
THE Zimbabwe Congress of Trade Unions (ZCTU) this week called a three-day stayaway to protest the government's decision to hike fuel prices amid a rapidly deteriorating economic environment and rising...Published: 19 Jan 2019 at 11:04hrs | | by Staff reporter
Mthuli Ncube’s back and forth bad for economic recovery
Finance Minister Mthuli Ncube turns out to be the biggest flip flopper, he is an ingredient to the administration's failure to build confidence domestically and internationally.The hallmark of...Published: 03 Dec 2018 at 14:18hrs | | by Jacob Mapfume
Mthuli Ncube makes U-turn on retrenchments
Finance minister Mthuli Ncube has now said there would be no mass layoffs of public sector workers because government has no money to bankroll retrenchment packages.He said government will now...Published: 01 Dec 2018 at 11:30hrs | | by Staff reporter
Zimbabwe companies expected to close shop, massive job losses loom
The lifting of a protectionist policy introduced by former president Robert Mugabe's regime last year to promote local production could see companies closing shop, resulting in massive job losses, ind...Published: 25 Oct 2018 at 14:09hrs | | by Staff reporter
Flooding country with imports retrogressive, says Zimbabwe industrialists
Industrialists said yesterday that the decision by Government to lift the ban on the importation of some basic commodities will cripple the revival of the manufacturing sector and threaten jobs. ...Published: 25 Oct 2018 at 06:34hrs | | by Staff reporter
'Mnangagwa shouldn't sacrifice ordinary Zimbabweans'
Government has been urged to own up to its overspending and stop punishing ordinary citizens by burdening them with the extra two percent per dollar tax.Responding to President Emmerson Mnanga...Published: 10 Oct 2018 at 15:36hrs | | by Staff reporter
19 shades of the MDC
Yesterday marked the 19th birthday of the Movement of Democratic Change - Zimbabwe's once formidable opposition party. Of course, one can be forgiven for not knowing what that name actually now repres...Published: 12 Sep 2018 at 06:38hrs | | by Tichaona Zindoga
Red flag over govt spending
Business leaders have expressed doubts that government's fiscal indiscipline will end any time soon, warning the persistent build-up in the imbalances will dampen Zimbabwe's economic prospects over th...Published: 19 Aug 2018 at 06:50hrs | 1 | by Staff reporter
Zimra surpasses target
THE Zimbabwe Revenue Authority (Zimra) performed beyond expectations in the first half of 2018 after gross collections hit $2,41 billion against the budgeted $2,10 billion, driven by excise duty, net ...Published: 19 Jul 2018 at 06:16hrs | 2 | by Staff reporter
Zanu-PF destroyed Zimbabwe soon after taking over from Smith
Election time in particular, and politics in general, is predominantly a game for liars and tricksters, but as Zimbabwe heads towards the watershed 30 July harmonised polls, the electorate can not aff...Published: 10 Jul 2018 at 08:28hrs | | by Tendai Ruben Mbofana
Zimbabweans tell of hopelessness ahead of elections
Seven months into the new presidency, and just a month before elections - the first without Robert Mugabe since independence - Zimbabweans are telling a story of lost hope."What difference doe...Published: 03 Jul 2018 at 07:05hrs | | by Daily Maverick
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