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MDC secretary-general hopefuls speak out
The MDC today enters into a crucial week in which it holds its elective congress. Several positions are up for grabs and many officials are jostling - fair and foul - to fill them up. One of t...Published: 2 hrs ago | 294 | by Staff reporter
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 17 hrs ago | 307 | by Victor Bhoroma
Mnangagwa's Zimbabwe drops 3 places on graft index
Zimbabwe's anti-corruption drive this week suffered a big blow after the southern African nation dropped three places to position 160 out 180 rated on the Transparency International Corruption Percept...Published: 20 hrs ago | 1934 | by Staff reporter
Zimbabwe interbank forex market set for overhaul
A proposal has been tabled to overhaul the interbank market with a view to make it market driven and free from government intervention as part of measures to ensure liberalization of the foreign marke...Published: 22 hrs ago | 2581 | by Staff reporter
Khupe is dancing Nobert Kunonga music
Not so long ago the Anglican Church in Zimbabwe had tasted abhorrent deep factional fights pitted embattled cleric Bishop Nobert Kunonga and the then incumbent Chad Gandiya cabal. Kunonga, a stan Muga...Published: 18 May 2019 at 08:44hrs | 1187 | by Benny Gudo
BCC hikes stands prices by 50%
THE Bulawayo City Council (BCC) has hiked by 50% the cost of residential stands to hedge against inflation and lifted the suspension it had imposed on prospective homeowners buying stands using RTGS d...Published: 18 May 2019 at 08:10hrs | 860 | by Staff reporter
Political party leaders must be exemplary
Address by His Excellency, the President and Commander-in-Chief of the Zimbabwe Defence Forces, E. D. Mnangagwa, at the launch of the National Political Actors Dialogue at the Harare International Con...Published: 18 May 2019 at 08:00hrs | 120 | by E. D. Mnangagwa
US diplomat smuggled guns into Zimbabwe
A United States diplomat recently raised security concerns after he smuggled two rifles and two shotguns into the country in 2016, only to declare the weapons in February 2019, about a month before le...Published: 18 May 2019 at 08:00hrs | 700 | by Staff reporter
Chasi strikes Mthuli with fuel fortune
A fuel crisis is any significant bottleneck in the supply of energy resources to an economy. it often refers to one of the energy sources used at a certain time and place, in particular those used as ...Published: 16 May 2019 at 09:25hrs | 9681 | by Dr Masimba Mavaza
Zimra moves on amnesty headache
The Zimbabwe Revenue Authority (ZIMRA) is working on legislation which will help the tax collection agency reconcile recent tax amnesty transactions amid revelations that business is losing millions i...Published: 15 May 2019 at 09:30hrs | 1181 | by Staff reporter
How Mnangagwa's government is perpetuating fuel crisis
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase.Amid the outrage and riots which followed, one important detail went larg...Published: 15 May 2019 at 08:11hrs | 1628 | by newZWire
'Don't load-shed Beitbridge'
The head of Zimbabwe's tax agency has called on government to spare the Beitbridge Border Post from the new power load-shedding regime which she said would hit cross border business hard and impact re...Published: 15 May 2019 at 07:41hrs | 1035 | by Staff reporter
Gweru mayoral mansion turned into exclusive lodge
GWERU City Council has set plans to turn the mayoral mansion into an accommodation and events centre in a bid to boost revenues for the cash-strapped local authority, a senior council official has sai...Published: 14 May 2019 at 07:38hrs | 3217 | by Staff reporter
Fidelity dangles incentive for gold
Fidelity Printers and Refiners Limited (FPR) says it will pay an incentive for gold deliveries as government tries to ramp up output of the yellow metal.In a statement, FPR, a subsidiary of th...Published: 14 May 2019 at 07:31hrs | 462 | by Staff reporter
Zinara ropes in CID
THE Zimbabwe National Road Administration (Zinara) is working with the Criminal Investigations Department anti-corruption team to investigate all its revenue streams as part of efforts to curb corrupt...Published: 14 May 2019 at 07:27hrs | 627 | by Staff reporter
China refuses to give Mnangagwa US$5 Billion
National Patriotic Front Spokesperson Jealousy Mawarire has refused to honour a USD$5 Billion loan that was requested by President Emmerson Mnangagwa's government. He further...Published: 13 May 2019 at 13:24hrs | 9846 | by Mandla Ndlovu
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 369 | by Victor Bhoroma
Town clerk, senior officials schemes to increase their salaries
BULAWAYO Town Clerk Mr Christopher Dube and senior workers who fall under the council "executive group" have had a cap on their salaries and allowances removed, a move that will see their perks review...Published: 12 May 2019 at 06:48hrs | 682 | by Staff reporter
MDC council in massive rates hike
THE Bulawayo City Council has unilaterally increased rates and tariffs by 42 percent, despite objections by residents who had resisted the proposal during consultations held last month.The mov...Published: 12 May 2019 at 06:40hrs | 445 | by Staff reporter
Zimra tampered with Prophet Magaya's computers
Walter Magaya's Prophetic Healing and Deliverance (PHD) Ministry, which is facing charges of failing to declare sales tax, yesterday accused the Zimbabwe Revenue's Authority (Zimra) of tampering with...Published: 10 May 2019 at 19:21hrs | 1989 | by Staff reporter
MPs demand new NSSA audit report
PARLIAMENT has given Public Service, Labour and Social Welfare minister Sekai Nzenza an ultimatum to release the latest external forensic audit report on the National Social Security Authority (Nssa),...Published: 10 May 2019 at 13:58hrs | 346 | by Staff reporter
Bulawayo resumes water disconnections
THE Bulawayo City Council has reintroduced water disconnections with immediate effect in a bid to force defaulting residents and businesses to clear arrears amounting to $100 million. Councill...Published: 10 May 2019 at 06:51hrs | 269 | by Staff reporter
Prophet Magaya fails to repay $23 million loan
PROPHETIC Healing and Deliverance (PHD) Ministries leader Walter Magaya and his wife, Tendai, have been taken to the High Court for failure to repay a US$23 million loan to Homelink Finance (Private) ...Published: 10 May 2019 at 06:43hrs | 1043 | by Staff reporter
SA registered fuel smuggling tankers intercepted at Beitbridge border
Authorities at Beitbridge Border Post have heightened their anti-smuggling drive following the recent interception of three South Africa registered tankers smuggling a combined 116 000 litres of petro...Published: 09 May 2019 at 12:00hrs | 3798 | by Staff Reporter
'Zimdollar' talks gain momentum
PROMINENT industrialist and Presidential Advisory Council (PAC) member, Mr Busisa Moyo, has pleaded with Zimbabweans to have confidence in the ongoing processes of resolving prevailing currency distor...Published: 07 May 2019 at 07:44hrs | 1743 | by Staff reporter
Security guards protest at Beitbridge Border Post
POLICE in Beitbridge had a torrid time on Saturday dispersing a rowdy group of at least 80 security guards employed by the National Eye Security Company who besieged their employer's office, protestin...Published: 06 May 2019 at 08:17hrs | 1373 | by Staff reporter
Mnangagwa jets off to Botswana
President Mnangagwa is expected in Botswana today to attend the crucial Elephant Summit taking place in the tourism town of Kasane. The Summit commenced on the 3rd of May and will conclu...Published: 06 May 2019 at 08:14hrs | 4250 | by Staff reporter
Local currency long overdue, analysts
The current uptake of about 85 percent in transactions using the local RTGS systems is a clear sign Zimbabwe is now nearing the stage where it might be convenient to introduce a new local currency....Published: 05 May 2019 at 09:45hrs | 3254 | by Staff reporter
You are on the right path Mthuli but....
I can't help but feel sorry for Finance and Economic Development Minister Professor Mthuli Ncube.By now the economy should have been showing signs of stabilising.Experts say for the fi...Published: 05 May 2019 at 09:44hrs | 4192 | by Munyaradzi Hwengwere
Embraer delivery marks Air Zimbabwe revival
THE delivery of the Embraer ERJ-145 last week, with two more Embraers and two Boeing 777-200ERs set to join the fleet this year, marks a major milestone in the revival of Air Zimbabwe, and crucially, ...Published: 05 May 2019 at 09:37hrs | 449 | by Staff reporter
Discipline key to new Zimbabwe economy
As Minister of Finance, I often feel frustrated that we don't live in a perfect world with perfect conditions. So many factors are out of our control; from natural disasters, to global events; from oi...Published: 04 May 2019 at 20:26hrs | 356 | by Professor Mthuli Ncube
ICG Capital (UK) secure US$5 b bailout for Zanu PF - even as US$15 b swindlers continue looting
"A United Kingdom based international financial consultancy firm, ICG Capital and Finance Corps Limited - in partnership with five top-tier United States banks - has tabled a US$5 billion debt restruc...Published: 03 May 2019 at 17:02hrs | 3529 | by Patrick Guramatunhu
Discipline key to new economy
As Minister of Finance, I often feel frustrated that we don't live in a perfect world with perfect conditions. So many factors are out of our control; from natural disasters, to global events; from oi...Published: 03 May 2019 at 15:22hrs | 1806 | by Professor Mthuli Ncube
Why South Africa wants to regulate cryptocurrencies
South Africa as a financial market participant has been on the rise in the last decade or so. Their prowess in financial knowledge, the growth of their economy, alongside the private equity indicator ...Published: 03 May 2019 at 13:47hrs | 2217 | by Staff Writer
Harare offers workers 5% pay cushion
Harare City Council has opened talks with its workers for a cost of living adjustment following a recent spate of price hikes that have eroded workers' incomes.Minutes of the council's joint f...Published: 03 May 2019 at 06:50hrs | 671 | by Staff reporter
Mthuli Ncube says 'TSP reforms led to growth'
Implementation of reforms under the Transitional Stabilisation Programme (TSP) has averted the economy from being weakened by adverse exogenous factors, Finance and Economic Development Minister Profe...Published: 03 May 2019 at 06:32hrs | 460 | by Staff reporter
Workers not intimidated by Mnangagwa govt threats
IN SPITE of the hair-raising threats issued by Home Affairs minister Cain Mathema on Monday, government has been told to brace for wildcat protests as the country's embattled workers demand solutions ...Published: 01 May 2019 at 17:12hrs | 2934 | by Staff reporter
Zimpapers profits up 68%
ZIMBABWE'S biggest diversified media group, Zimbabwe Newspapers (1980) limited's profit for the year ended December 31, 2018 surged 68 percent to US$3,8 million compared to US$2,4 million recorded in ...Published: 30 Apr 2019 at 06:40hrs | 170 | by Staff reporter
Worsening period poverty in Zimbabwe calls for urgent action
For the first time since 2009, Zimbabwe's economy is projected to slide into a recession this year, with real GDP going down to -5.2%, the lowest economic growth rate in Africa this year. Inflation is...Published: 29 Apr 2019 at 10:58hrs | 2762 | by Theresa Nyava
The nexus between confidence and economic growth
A change in the Zimbabwean government in November 2017 was somewhat a confidence booster in the economy as the new administration announced business oriented policies and went on an overdrive to re-en...Published: 29 Apr 2019 at 08:45hrs | 779 | by Victor Bhoroma
Online legal advice now on Zimbabwe market
LawBasket is a start-up from Zimbabwe, providing online legal services on the market for small businesses and start-ups in Africa. The company also offers free client relationship management technolog...Published: 29 Apr 2019 at 07:16hrs | 531 | by Staff reporter
Bulawayo residents vow to resist BCC rates hike
BULAWAYO residents have reacted angrily to threats by the Bulawayo City Council (BCC) to forge ahead with rates and tariff increases due to runaway inflation despite resistance from ratepayers....Published: 29 Apr 2019 at 07:12hrs | 1397 | by Staff reporter
Binga RDC boss acquitted of criminal abuse of office
BINGA Rural District Council (BRDC) chief executive officer, Joshua Muzamba, has been acquitted of criminal abuse of office charges following an appeal to the High Court.Muzamba, who was facin...Published: 29 Apr 2019 at 07:02hrs | 242 | by Staff reporter
Mthuli Ncube resolves govt budget deficit challenges
Consolidated statements of financial performance gazetted on Friday have revealed a strong positive variance between expenditure and expenses, indicating that Government may have found a lasting solut...Published: 29 Apr 2019 at 06:47hrs | 3129 | by Staff reporter
Mnangagwa business associate's planes impounded in Botswana
South Africans' involvement with Botswana's election politics caused embarrassment once again when two planes of the controversial South African businessman, Zunaid Moti, were impounded at Francistown...Published: 28 Apr 2019 at 15:10hrs | 9586 | by City Press
Why Mnangagwa's anti-corruption crusade is fast-losing steam
The Judicial Service Commission (JSC) launched the special anti-corruption courts with fanfare slightly more than a year ago, but a cocktail of challenges is retarding the prosecution of graft-accused...Published: 28 Apr 2019 at 08:27hrs | 299 | by Charles Laiton
Zimra to start accessing 3rd party information from banks
THE Zimbabwe Revenue Authority (Zimra) will start to access third party information from different Government databases and financial institutions to track companies and individuals that are not payin...Published: 28 Apr 2019 at 07:34hrs | 3632 | by Staff reporter
More China investments coming to Zimbabwe
I arrived in Harare last month and I have already had a deep impression of the beautiful scenery, pleasant climate and wonderful people of Zimbabwe.I am especially moved by the friendship that...Published: 28 Apr 2019 at 07:29hrs | 711 | by Ambassador Guo Shaochun
Bulawayo residents reject rates increase
Residents have denounced plans by Bulawayo City Council (BCC) to increase rates and service charges. Council has proposed to increase rates and service charges by more than 100 percent and the move ha...Published: 27 Apr 2019 at 07:43hrs | 1316 | by Staff reporter
Tighten your belts till 2020, says Mthuli Ncube
Finance minister Mthuli Ncube has said austerity measures adopted by government to cap expenditure and free up funds for capital projects are expected to ease the burden on the taxpayer next year....Published: 26 Apr 2019 at 08:34hrs | 5621 | by Staff reporter
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