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Zimbabweans businessman caught in $200m money-laundering scam
A ZIMBABWEAN businessman based in South Africa has been arrested on money-laundering charges involving $200 million.The suspect, Bornface Mudzingwa (36), was yesterday arraigned before Harare ...Published: 21 Jan 2022 at 05:36hrs | 9 | by Staff reporter
Govt to address business constraints
GOVERNMENT will deal decisively with any bottlenecks in the business environment to ensure the private sector operates effectively and efficiently in efforts to turnaround the economy, Vice President ...Published: 12 Dec 2021 at 19:52hrs | 9 | by Staff reporter
Zimbabweans survive on second-hand undergarments
ZIMBABWEANS mainly in urban areas are relying on second-hand undergarments smuggled into the country and sold at flea markets across the country as economic hardships continue to take a toll on the po...Published: 13 Nov 2020 at 05:41hrs | 2 | 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: 18 May 2019 at 18:23hrs | 12 | by Victor Bhoroma
Zimbabwe industry appeals to govt to put in place import controls
ZIMBABWE'S industry has appealed to government to put in place import controls to protect local companies.At a meeting organised by the Ministry of Industry and Commerce in Bulawayo last week,...Published: 11 Mar 2019 at 07:09hrs | | 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 | 2 | by Staff reporter
Forex dealer nabbed, appears in court
A 24-YEAR-OLD Marondera man, who was nabbed by police while selling foreign currency on the black market, has been arraigned before the courts.James Mukaro of Cherutombo suburb pleaded not gui...Published: 12 Jan 2019 at 17:24hrs | | by Staff reporter
Transformation: Imparting depth to the economy
Last week closed on a very good note.First, Government announced the much-awaited Diamond Policy.This new policy protects the National Interest, while meeting the expectations of the K...Published: 09 Dec 2018 at 06:48hrs | 1 | by President Emmerson D. Mnangagwa
US continues tangling in Zimbabwean politics
Problems of African development and integration with the world have continued to attract concern in the policy making within and beyond the shores of the continent as American hegemony continues to ta...Published: 07 Dec 2018 at 15:05hrs | | by Daphine Zulu
Mthuli Ncube's budget: The good, bad and ugly
In September, while meeting fund managers in New York, Finance minister Mthuli Ncube said what the economy needed was a "big bang", a shock to the system. A week later, he brought that big bang; on th...Published: 26 Nov 2018 at 06:08hrs | 4 | by NewZWire
CZR wants 2% tax scrapped
THE Confederation of Zimbabwe Retailers (CZR) is pleading with Government to review the two percent tax on electronic transactions, which it claims is being abused by some unscrupulous entities to des...Published: 20 Nov 2018 at 05:52hrs | | by Staff reporter
RBZ allays basics shortage fears
The supply of basic goods is expected to increase towards the festive season, spurred by Government intervention through the indefinite suspension of Statutory Instrument (SI) 122 of 2017, and the pro...Published: 20 Nov 2018 at 05:35hrs | | by Staff reporter
Travellers' rebate unchanged: Zimra
The Zimbabwe Revenue Authority (ZIMRA) has emphasised that it will remove the traveller's rebate for people who bring in goods in excess of $200. This comes as the Government indefinitely susp...Published: 10 Nov 2018 at 10:36hrs | 1 | by Staff reporter
'Import ban must not go beyond December 21'
Confederation of Zimbabwe Industries (CZI) has said the lift of a ban on the import of basic goods and foodstuffs must not go beyond December 21.The lift of a ban imposed on imports of many ba...Published: 05 Nov 2018 at 13:37hrs | | by Staff reporter
'We must Buy Zimbabwe or die'
The Israelites reportedly took 40 years in the wilderness on a journey that ordinarily took a month.Clearly, something was not right.Suffice to say, gross indiscipline and an inability...Published: 04 Nov 2018 at 09:45hrs | 2 | by Munyaradzi Hwengwere
Adopt the Rand to stabilise the economy
The lifting of SI 122 made this writer to revisit a debate that made headlines in the post- election period in Zimbabwe. This was premised on whether Zimbabwe should join the Rand monetary community o...Published: 03 Nov 2018 at 13:06hrs | | by Brightface Mutema
Mnangagwa disappointed with local firms
PRESIDENT Emmerson Mnangagwa said he was disappointed by the behaviour of local manufacturers who abused laws meant to protect them from cheap imports, by holding the market at ransom.Speaking...Published: 01 Nov 2018 at 05:41hrs | | by Staff reporter
Zimbabwe fuel stations lose licences
GOVERNMENT has withdrawn service licences for some service stations that were charging fuel prices above those recommended by the Zimbabwe Energy Regulatory Authority. Briefing journalists aft...Published: 31 Oct 2018 at 05:22hrs | | by Staff reporter
Mnangagwa cornered over deteriorating economy
PRESIDENT Emmerson Mnangagwa yesterday met captains of industry to tackle challenges in the economy, but the meeting failed to come up with solutions, according to people with knowledge of the meeting...Published: 30 Oct 2018 at 05:33hrs | 1 | by Staff reporter
Buy Zimbabwe sings imports tune
BUY Zimbabwe says all stakeholders must co-operate and ensure that the supply of goods and services return to normalcy in the country following the suspension of import restriction measures.Go...Published: 29 Oct 2018 at 05:43hrs | | by Staff reporter
Zimbabwe producers in panic mode, rush to offload stockpiled goods
Some manufacturers of basic commodities are reportedly in panic mode, amid indications they are now desperate to immediately off-load the products they have been allegedly stockpiling in the last few ...Published: 28 Oct 2018 at 09:05hrs | 1 | by Staff reporter
Govt defends lifting of import ban
The indefinite amendment of Statutory Instrument 122 of 2017 (SI 122) will not threaten the existence of the local industry as government is committed to protecting it through foreign currency allocat...Published: 26 Oct 2018 at 08:20hrs | | by Staff reporter
Mnangagwa cracks whip
PRESIDENT Mnangagwa yesterday said Government will not allow business to unjustifiably increase prices, neither will it tolerate saboteurs manipulating the market to create artificial shortages of goo...Published: 26 Oct 2018 at 07:21hrs | | by Staff reporter
Import with your own forex, Mangudya says
Companies and individuals seeking to import basic commodities following the lifting of the import ban will have to use free funds, freeing the central bank from having to raise funds for the imports, ...Published: 26 Oct 2018 at 06:55hrs | 1 | by Staff reporter
Mnangagwa warns economic saboteurs
PRESIDENT Mnangagwa yesterday said Government will not allow business to unjustifiably increase prices and neither will it tolerate saboteurs manipulating the market to create artificial shortages of ...Published: 26 Oct 2018 at 06:37hrs | | by Staff reporter
Mnangagwa rules out GNU
President Emmerson Mnangagwa has dismissed the issue of a unity government or government of national unity.Addressing the 109th Zanu-PF Central Committee in the capital today, the President sa...Published: 25 Oct 2018 at 16:24hrs | | 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
Sugar, cooking oil flood black market
The parallel market for basic commodities is flourishing again in Bulawayo as shortages blamed on a controversial government tax on electronic money transactions and foreign currency crisis worsens th...Published: 21 Oct 2018 at 09:43hrs | 3 | by Staff reporter
Zimbabwe fuel consumption spikes 24%
Fuel consumption has spiked 24 percent to 752,4 million litres between January and June this year, largely in response to rising economic activity sparked by renewed investor confidence following the ...Published: 03 Sep 2018 at 07:12hrs | | by Staff reporter
'Restricted products flooding market'
THE Confederation of Zimbabwe Industries (CZI) says restricted products were still finding their way into the country illegally, making the competition unfair for the local manufacturers.CZI M...Published: 06 Mar 2018 at 05:22hrs | 3 | by Staff reporter
Renewed political will gives hope for economic revival
THE new political dispensation has brought with it a renewed sense of hope for a genuine national economic turnaround that is expected to better the lives of the country's citizenry with economic anal...Published: 04 Feb 2018 at 09:33hrs | 1 | by Vincent Gono
Grain Millers Association of Zimbabwe seek reprieve
HARARE - Grain Millers Association of Zimbabwe (GMAZ) has filed an urgent chamber application seeking to temporarily stop government from enforcing its controversial directive that maize be sold at $3...Published: 26 Aug 2014 at 08:23hrs | | by Staff Reporter
Agriculture minister sued over maize producer price
HARARE - Grain Millers Association of Zimbabwe (GMAZ) has sued Agriculture minister Joseph Made over the maize producer price back-dated to April this year, as the association's members fear prosecuti...Published: 17 Aug 2014 at 11:54hrs | | by Staff Reporter
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