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IMF sees positive economic recovery signs in Zimbabwe
The International Monetary Fund (IMF) says there are positive signs of the economic recovery in Zimbabwe starting last year after two years of recession, adding that Government had done well in addres...Published: 25 Mar 2022 at 05:53hrs | 73 | by Staff reporter
Performance contracts for Zimbabwean ministers
Performance contracts signed last year by permanent secretaries, the top level in the civil service, are being extended this year upwards to ministers and across to the heads of local authorities, Sta...Published: 04 Feb 2022 at 05:33hrs | 189 | by Staff reporter
Zacc pushes for whistleblower protection
THE Zimbabwe Anti-Corruption Commission (Zacc) has come up with a cocktail of measures to combat rampant corruption through amending the Anti-Corruption Act, pushing for a whistleblower protection law...Published: 17 Dec 2021 at 23:38hrs | 77 | by Staff reporter
'State firms' crisis can be averted'
ZIMBABWE'S rundown state enterprises can bounce back without being transferred to private hands, a new report indicated last week, discounting the long –held view that privatisation presented the be...Published: 06 Jun 2021 at 10:00hrs | | by Staff reporter
Zupco monopoly: State capture or another Chimurenga?
BEGINNING January 21, 2019, the government of Zimbabwe has been making a series of declarations reinforcing the apparent principality of the Zimbabwe United Passenger Company (ZUPCO) in the provision ...Published: 11 May 2021 at 18:35hrs | | by Discent Collins Bajila
Cyril Ramaphosa's 'plot' to kill the ANC
SOME senior ANC leaders have accused President Cyril Ramaphosa of working with external parties to collapse the governing party and replace it with a centre-right coalition led by him after the 2024 g...Published: 07 May 2021 at 11:34hrs | 2 | by Piet Rampedi
Johann Rupert gives Ramaphosa an ultimatum
Billionaire businessman Johann Rupert has allegedly given President Cyril Ramaphosa a marching order, instructing him to tow the line and fire Ace Magashule, African National Congress (ANC) secretary ...Published: 27 Mar 2021 at 17:44hrs | 9 | by Staff reporter
Mnangagwa's govt issues ZW$750m fresh guarantees
GOVERNMENT has undertaken to guarantee public and private financial institutions including the Infrastructural Development Bank of Zimbabwe (IDBZ) for debts accrued through the floatation of a series ...Published: 05 Mar 2021 at 06:55hrs | 5 | by Staff reporter
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 12 | by Staff reporter
President's wide powers on mining fuel extractive resources corruption
THE excessive, wide and discretionary powers of the President of Zimbabwe and Minister of Mines over the country's vast mineral resources and their allocation is perpetuating rampant corruption in the...Published: 30 Jan 2021 at 17:22hrs | 4 | by Staff reporter
How South Africa can nudge Zimbabwe toward stability
What's new? As Zimbabwe's political and economic crises worsen, South Africa is moving beyond its policy of "quiet diplomacy" with its northern neighbour and applying more pressure on Harare to open...Published: 18 Dec 2020 at 06:42hrs | 5 | by crisisgroup
Reforming to rebuild Zimbabwe: A time for growth - Mthuli Ncube
With the recent announcements of vaccines to the Covid-19 pandemic, the world is staring through their dark tunnel to get a glimpse of the light....Published: 13 Dec 2020 at 05:55hrs | | by Prof Mthuli Ncube
Privatisation in limbo as govt moves to control state firms
EXPERTS say governments' decision to centralise control of State firms will destroy prospects of privatisation and might not be the panacea to challenges facing parastatals.State-owned entitie...Published: 11 Dec 2020 at 19:01hrs | 4 | by Staff reporter
Foreign banks shut out debt-ridden state firms
SEVERAL foreign banks have spurned requests by Zimbabwe's broke state firms to borrow millions of dollars to pay off more debts and bankroll critical infrastructure development projects, businessdiges...Published: 11 Dec 2020 at 18:59hrs | 4 | by Staff reporter
Mthuli Ncube crafts debt control plan
Government has formulated a framework for evaluating, monitoring and managing publicly guaranteed and on-lent loans as they contribute to significant debt accumulation in the event of default by the p...Published: 06 Dec 2020 at 07:41hrs | | by Staff reporter
What Zanu-PF can learn from China
(In December 2016, ZimLive editor Mduduzi Mathuthu, then the editor of The Southern Times newspaper based in Namibia, was dragged over the coals and subsequently fire...Published: 29 Nov 2020 at 08:59hrs | | by Ranga Mberi
Govt to centralise control of State firms
THE Government will adopt a centralised ownership model for State-owned enterprises (SOEs) to eliminate inconsistencies in governance and ministerial interferences, Finance and Economic Development Mi...Published: 27 Nov 2020 at 06:54hrs | | by Staff reporter
Fitch and Moody's downgrade South Africa's credit ratings further
In a move that Finance Minister Tito Mboweni described as 'painful', rating agencies Fitch and Moody's pushed South Africa's credit rating deeper into the scrap heap of junk with downgrades announced ...Published: 24 Nov 2020 at 05:04hrs | | by Staff reporter
From desert to business hub_Dubai economic story
Dubai is the capital city of the Emirate of Dubai, which in itself is one of the seven emirates (states) that form the United Arab Emirates (UAE). The emirates are former British colonies which got in...Published: 20 Oct 2020 at 14:01hrs | 1 | by Victor Bhoroma
'Zimbabwe to keep getting IMF technical support'
GOVERNMENT has said it will continue working with international financial institutions (IFIs), including the International Monetary Fund (IMF) after its aborted Staff-Monitored Programme (SMP) with th...Published: 02 Oct 2020 at 07:45hrs | 2 | by Staff reporter
VACANCY: ZESA and ZERA board members wanted
The Office of the President and Cabinet is inviting members of the public who are interested in serving as Board members of various State-Owned enterprises to submit their expression of interest. ...Published: 13 Aug 2019 at 12:31hrs | 4902 | by Mandla Ndlovu
'Arresting Mupfumira over NSSA not enough'
ANTI-CORRUPTION watchdog, Transparency International Zimbabwe (TI-Z) has warned that State-owned enterprises (SOE's) will continue to be bled by corrupt senior civil servants and ministers as long as ...Published: 09 Aug 2019 at 07:33hrs | | by Staff reporter
Will Sibusiso Moyo's wife bite?
Analysts have questioned whether the newly composed Zimbabwe Anti- Corruption Commission will live up to the task and thoroughly investigate and arrest officials who are fingered in corruption activit...Published: 18 Jul 2019 at 13:04hrs | 4829 | by Mandla Ndlovu
Graft: Whistleblowers need full legal protection
On June 17, 2019, one of the lead stories in The Herald was "President rescues ZESA whistleblowers". The article was in reference to the well-intended intervention by President Mnangagwa on th...Published: 02 Jul 2019 at 08:09hrs | | by Willard T. Mugadza
More heads to roll at parastatals
PUBLIC officials in State-owned enterprises (SOEs) and Government departments might soon face the music after the Auditor-General, Mrs Mildred Chiri, uncovered continued dereliction of duty and deep-s...Published: 30 Jun 2019 at 09:02hrs | | by Staff reporter
Mthuli Ncube slams debt takeover practice
Government may not take over the debts of State-owned entities such as Air Zimbabwe and Zisco, touted as critical to make them more attractive to investors, after Finance and Economic Development Mini...Published: 27 Jun 2019 at 06:27hrs | | by Staff reporter
NetOne crafts bulk payments solution
STATE-owned mobile telecommunications giant, NetOne has stepped in to offer a salary and bulk payments solution due to the ongoing dispute between local banks and a Mauritian firm, Payserv Africa. ...Published: 21 Jun 2019 at 07:16hrs | | by Staff reporter
'Rothschilds are the new Guptas'
Unions at South African Airways have read government, Finance Minister Tito Mboweni and members of national carrier SAA the riot act in a strongly worded statement, alleging that they do not have the ...Published: 15 Jun 2019 at 09:28hrs | | by Staff reporter
Extraordinary measure for extraordinary: A case of Zimbabwe's austerity measures
In the Bible when Jacob was faced with a situation he was supposed to meet Esau his brother he was so afraid knowing that he had subtly stolen the latter's blessing. During the night, Jacob wrestled a...Published: 12 Jun 2019 at 15:34hrs | 851 | by Elijah Chihota
Mthuli Ncube on course to clear Zimbabwe's AFDB debt
ZIMBABWE is on course to clear its US$605 million debt to the African Development Bank (AfDB), which will allow the country to start accessing funds from the bank beginning early next year, the Minist...Published: 12 Jun 2019 at 06:52hrs | | by Staff reporter
Mthuli Ncube opens up
Zimbabwe is on a journey of reform. Nobody ever said it wouldn’t be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tr...Published: 03 Jun 2019 at 10:11hrs | | by Mthuli Ncube
Why Zimbabwe is on the path to progress
Zimbabwe is on a journey of reform. Nobody ever said it wouldn't be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tran...Published: 03 Jun 2019 at 07:23hrs | | by Prof Mthuli Ncube
Govt to retain 26% stake in parastatals
Government has resolved to retain just 26 percent in at least three parastatals and/or State enterprises, Finance and Economic Development Minister Mthuli Ncube has said.Such equity-holding wi...Published: 20 May 2019 at 06:24hrs | | by Staff reporter
Mnangagwa's govt targets 1 000 strong Zupco fleet
GOVERNMENT plans to acquire up to 1 000 buses to strengthen Zupco's fleet, with a long-term plan of increasing the fleet to more than 3 000 buses as part of efforts to boost mass urban transport....Published: 15 May 2019 at 07:37hrs | | by Staff reporter
Why Zimbabwe is on the path to progress
Zimbabwe is on a journey of reform. Nobody ever said it wouldn't be a bumpy ride; but the most important thing is that the journey has begun, and we are heading in the right direction.The Tran...Published: 17 Mar 2019 at 08:45hrs | | by Mthuli Ncube
Mnangagwa bullish on TelOne future prospects
The professionalism of TelOne's management, including their determined push to turnaround the State-owned enterprise (SOE), will likely be a drawcard for reputable technical partners or suitors, Presi...Published: 17 Mar 2019 at 08:30hrs | 405 | by Staff rpeorter
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 | 826 | by Sandile Zungu, president of the Black Business Council
Privatisation of Zimbabwe parastatals takes shape
Finance minister Mthuli Ncube says government will appoint transaction advisors to spearhead the privatisation of five key State-owned enterprises (SOEs).The targeted five enterprises are Zimp...Published: 06 Mar 2019 at 06:44hrs | 3627 | by Staff reporter
Enter the dragon: The rise of China
The most remarkable economic turnaround story of the 21st century undoubtedly belongs to the People's Republic of China. As the country marks the 40th anniversary of economic reforms and opening, the ...Published: 28 Jan 2019 at 16:43hrs | 3908 | by Victor Bhoroma
Enter the dragon: The rise of China
The most remarkable economic turnaround story of the 21st century undoubtedly belongs to the People's Republic of China. As the country marks the 40th anniversary of economic reforms and opening, the ...Published: 21 Jan 2019 at 14:10hrs | 2472 | by Victor Bhoroma
Re-dollarisation of economy: Wrong turn for Zimbabwe
There is an effervescence in the economy – an imperceptible but definite shift towards re- dollarisation of the economy.Initially a trickle, this will soon turn into a mighty tide in one dir...Published: 30 Dec 2018 at 10:06hrs | | by Joseph Mverecha
Mnangagwa acts on ghost workers
Government plans to roll out the biometric registration of workers in the civil service within the first three months of next year, in an exercise that is largely expected to help streamline the publi...Published: 23 Dec 2018 at 09:00hrs | | by Staff reporter
Was Nelson Chamisa right after all?
I liked Emmerson Mnangagwa and I cheered him on in-person and through my writings but today I am write in utter despair at what my hero has turned out to be. Could there be some element of truth to Ch...Published: 09 Dec 2018 at 21:20hrs | | by Wezhira Sam
Parastatal reforms gain momentum
GOVERNMENT'S reform programme on 43 public enterprises has gathered momentum with Cabinet yesterday resolving to consider, for adoption, submissions on targeted entities beginning next week. E...Published: 28 Nov 2018 at 22:33hrs | 189 | by Staff reporter
Mnangagwa's govt unveils parastatal reform strategy
Government has rolled out detailed plans for the restructuring of State-owned Enterprises (SOEs), with 41 entities lined-up for privatisation, departmentalisation and listing on the Zimbabwe Stock Exc...Published: 13 Nov 2018 at 05:42hrs | 798 | by Staff reporter
Chinese deals, raw or fair for the Zimbabwean economy?
Given the recent developments in Zimbabwe and the African continent, it is worthy assessing how Chinese investments can affect the local economy going forward. Critical for Zimbabwe is how the country...Published: 17 Oct 2018 at 21:41hrs | 1968 | by Victor Bhoroma
Mnangagwa's relative appointed to NBS board
THE main opposition MDC Alliance has expressed displeasure at the appointment of President Emmerson Mnangagwa's relative, Kudakwashe David Mnangagwa, to the National Building Society (NBS) board, desc...Published: 15 Oct 2018 at 06:28hrs | 918 | by Staff reporter
NetOne board dissolved
Government has dissolved the NetOne board.The decision came hardly two months after the suspension of chief executive officer Lazarus Muchenje, who also accused the board of breaching corporat...Published: 10 Oct 2018 at 06:46hrs | 952 | by Staff reporter
Zimbabwe to stimulate FDI with global tenders
FINANCE minister Mthuli Ncube says government will accelerate the reform of State-owned Enterprises (SoEs) and parastatals, starting with quick hits such as TelOne, NetOne and the People's Own Savings...Published: 09 Oct 2018 at 07:03hrs | | by Staff reporter
Privatisation deadline for parastatals
Government has given under-performing State-owned enterprises (SOEs) and parastatals it has earmarked for disposal - among them NetOne, TelOne and People's Own Savings Bank (POSB) - between six and ni...Published: 09 Oct 2018 at 06:40hrs | | by Staff reporter
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