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South Africa running out of money at an alarming rate
Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt sai...Published: 09 Dec 2024 at 15:15hrs | 724 | by Staff reporter
Zimbabwe juggles US$1bn TBs to avert crisis
President Emmerson Mnangagwa's government is restructuring repayment terms for Treasury Bonds (TBs) as it grapples with escalating debt obligations and the looming threat of default. With nearly US$74...Published: 06 Dec 2024 at 18:06hrs | 294 | by Staff reporter
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11678 | by Staff reporter
Zimbabwe govt posts ZiG3,4bn budget deficit
GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investme...Published: 07 Nov 2024 at 07:13hrs | 269 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2522 | by Staff reporter
Rangemore Homeseekers, Developer Clash Over Delays
Homeseekers who acquired residential stands at Lot G, Upper Rangemore in Bulawayo, have accused the land developer of abandoning the project after collecting money for servicing the land.The g...Published: 13 Oct 2024 at 11:37hrs | 151 | by Stephen Jakes
Mnangagwa vows to remove barriers to modernisation
Zimbabwe is ready to embrace modern technology to accelerate its modernisation and industrialisation agenda, and the government will remove any obstacles that hinder this objective, President Mnangagw...Published: 08 Oct 2024 at 07:24hrs | 175 | by Staff reporter
Hichilema alarmed by prospects of defeat and prosecution for corruption
When Zambia experienced democratic backsliding between 2011 and 2021, the deliberate use of legal mechanisms to weaken opposition parties played a central role. Lawfare has been a constant theme of Za...Published: 07 Oct 2024 at 17:08hrs | 2638 | by Sishuwa Sishuwa
The Zimbabwe Grand Tour can now be yours - for US$21 000 per person
You can now experience a recreation of the Grand Tour: One for the Road route across Zimbabwe – minus Jeremy Clarkson, James May and Richard Hammond – if you have about US$21 000 (per person) to s...Published: 19 Sep 2024 at 07:35hrs | 1209 | by Staff reporter
Molefe exposes Transnet's CEO
The role state capture has played in the current troubles facing Transnet was in dispute in Parliament on Tuesday as the state freight company's former CEO, now MK Party MP, Brian Molefe, challenged t...Published: 12 Sep 2024 at 06:58hrs | 307 | by Staff reporter
Govt defends 60km radius restrictions decision
The government has defended its decision to reduce the operating radius of commuter omnibuses (kombis) from 120km to 60km, stating that it followed consultations and assurances that the national bus f...Published: 09 Sep 2024 at 08:06hrs | 207 | by Staff reporter
Mashonaland's new city takes shape
The Government of Zimbabwe has commenced servicing land in Mt Hampden, where the new commercial and administrative capital will be established. This follows the recent repossession of 47 farms coverin...Published: 25 Aug 2024 at 11:18hrs | 750 | by Staff reporter
Over 100 at risk of losing Cowdray Park stands
More than 100 beneficiaries of the Government-funded Hlalani Kuhle housing project in Bulawayo's Cowdray Park suburb risk losing their properties due to the lack of proper council documentation. ...Published: 07 Aug 2024 at 11:28hrs | 545 | by Staff reporter
Uganda Airlines to fly Zimbabwe route
Uganda Airlines will commence flights to Harare in September, joining other airlines resuming operations in Zimbabwe post-COVID-19. The airline will also service Lusaka and Abuja routes.Tonder...Published: 30 Jul 2024 at 12:44hrs | 955 | by Staff reporter
Power challenges delay Go Beer re-opening
Gweru Mayor Martin Chivhoko announced at a recent full council meeting that the servicing of equipment at the city's beer concern, Go Beer, has been completed. However, plans for reopening are hindere...Published: 10 Jul 2024 at 07:49hrs | 8 | by Staff reporter
Zambia to criminalise the use of US$ in local economy
Zambia's central bank published plans to criminalize the use of foreign currency in the local economy amid the biggest rally in the kwacha in four months.The southern African nation has faced ...Published: 01 Jul 2024 at 08:46hrs | 33 | by Staff reporter
IMF says Zimbabwe's economy continues to show resilience
In light of new policy developments, an International Monetary Fund (IMF) staff team led by Mr. Wojciech Maliszewski conducted a second mission to Harare during June 18-27, 2024, to conclude the 2024 ...Published: 28 Jun 2024 at 13:01hrs | 4 | by Staff reporter
Fidelity Gold Refinery gold supply zero-rating policy shows promise
The zero-rating of gold deliveries to Fidelity Gold Refinery (FGR) has started bearing fruits as the local currency, the Zimbabwe Gold (ZiG) continues to strengthen while gold miners have been allevia...Published: 18 Jun 2024 at 17:17hrs | 57 | by Tonderai Ndoro
Zesa seeks to settle loans in ZiG
Zesa Holdings is implementing cost-containment measures to drive revenue and pay off its significant loans. With successful expansion projects at Kariba Hydro Power Station and Hwange's units 7 and 8,...Published: 13 Jun 2024 at 06:51hrs | 2 | by Staff reporter
Court forces man to support offspring
In a recent case in Harare, a woman named Cathrine Tawenga obtained a garnish order against her ex-partner, Kudzanai Kapeperi, who had allegedly stopped paying child maintenance since January. ...Published: 09 Jun 2024 at 09:13hrs | | by Staff reporter
Zimbabwe's ZPC struggles to procure new equipment
Zimbabwe Power Company (ZPC) management highlighted the ongoing challenge of insufficient funds for procuring spare parts and equipment to maintain aging machinery, impacting energy sufficiency. Durin...Published: 30 May 2024 at 08:35hrs | 6 | by Staff reporter
Council boss blows thousands on bling
Chiredzi Council, which is struggling to deliver standard services to its 300 000plus residents, is in the eye of a storm following revelations that the local authority could be pampering its executiv...Published: 16 Apr 2024 at 17:56hrs | 92 | by Staff reporter
Mthuli Ncube sees $18bn debt talks on course despite US exit
Talks on the restructuring of Zimbabwe's $18 billion debt remain on track, even after the US paused its involvement in the discussions, Finance Minister Mthuli Ncube said.The discussions led b...Published: 07 Mar 2024 at 05:13hrs | | by Staff reporter
10 new IPPs to generate 271MW for Zimbabwe
ZIMBABWE has licenced 10 more independent power producers (IPPs) to start generating 271MW of electricity in the next 12 to 24 months under the Government project support agreement which now holds clo...Published: 04 Mar 2024 at 04:42hrs | | by Staff reporter
400 000 cars dodge licence fees
Only 800 000 out of 1,2 million registered vehicles are being compliant in terms of licencing, indicating a compliance rate of approximately 60 percent, reports the Zimbabwe National Road Administrati...Published: 01 Mar 2024 at 19:02hrs | 1 | by Staff reporter
Zinara raps local authorities over roads
Local authorities have come under fire from the Zimbabwe National Road Administration (Zinara) for allowing settlements in areas without serviced roads.Addressing journalists yesterday, Zinara...Published: 29 Feb 2024 at 05:04hrs | | by Staff reporter
Shortage of refuse trucks chokes BCC
SHORTAGE of refuse removal trucks throttles the Bulawayo City Council (BCC)'s garbage collection daily activities around the city.This ...Published: 25 Feb 2024 at 08:52hrs | | by Stephen Jakes
Mnangagwa must not exempt state entities from scrutiny
GOVERNANCE watchdogs has demanded that President Emmerson Mnangagwa discard his gazetted General Notice 164B of 2024 which exempts 21 key state entities from complying with the Public Procurement and ...Published: 21 Feb 2024 at 20:03hrs | 56 | by Staff reporter
IMF not ready to extend financial support to Zimbabwe
THE International Monetary Fund's (IMF) two-week-long high-level visit ended on Wednesday amid revelations that no financial support will be extended to Zimbabwe without authorities undertaking seriou...Published: 15 Feb 2024 at 10:08hrs | | by Staff reporter
Zimbabwe gets 2 000 tractors from Belarus
ZIMBABWE has received at least 2 000 high-tech tractors, 80 combine harvesters and other agricultural equipment from Belarus over the past three years to modernise the sector and boost productivity....Published: 04 Feb 2024 at 17:36hrs | 7 | by Staff reporter
Residents raise concern over councillors' stands
In the face of worsening basic service delivery in many local authorities, including Bulawayo, ratepayers have raised concerns about certain privileges granted to serving councillors. Specific...Published: 31 Jan 2024 at 04:51hrs | | by Staff reporter
Bus route war turns bloody
GOODLUCK Nyakabau lies on his back in Harare's Stoneridge area pondering his next move.Around this time, he should be more than 300km away from the capital city on a bus heading to the northea...Published: 30 Jan 2024 at 09:15hrs | 1 | by Staff reporter
Gweru to engage debt collector
THE Gweru City Council (GCC) has resolved to engage a debt collector in a bid to force residents and ratepayers to settle their monthly bills and help recover the nearly $71 billion owed by its client...Published: 26 Jan 2024 at 04:43hrs | 1 | by Staff reporter
Just how low has Zimbabwe sank?
A country's state media is always a window into the government's psyche and mindset. It is like a reflection of the particular nation's soul.So, in spite of the insufferable tort...Published: 25 Jan 2024 at 14:30hrs | | by Tendai Ruben Mbofana
Zimbabwe debt clearance talks on despite US disengagement
THE United States, through its embassy in Harare, has decided to disengage from participation in Zimbabwe's debt resolution and clearance programme and the round of negotiations resuming next month....Published: 23 Jan 2024 at 04:37hrs | | by Staff reporter
Knives out for Plawn Motors over a Bulawayo job advert that wants Shonas only
Plawn Motors, a renowned automotive company based in Harare, is under fire for an allegedly discriminatory job advertisement that explicitly favors Shona-speaking candidates over the predominantly Nde...Published: 15 Jan 2024 at 10:15hrs | 3 | by Nkululeko Nkomo
Zimbabwe's US$400 000 cloud seeding programme takes off
IT'S a humid Friday afternoon and there are only two aircraft on the tarmac at the Joshua Mqabuko Nkomo International Airport in Bulawayo that are about to take off. One of them is a commercia...Published: 15 Jan 2024 at 05:14hrs | 9 | by Staff reporter
Compulsory speed limiters for new buses
In a move set to reduce road accidents, bus manufacturers are now compulsorily installing speed limiters on all the new coaches and have devices that can be retrofitted on buses already on the road....Published: 15 Jan 2024 at 05:13hrs | 1 | by Staff reporter
Zimbabwe's ailing SOEs owe Chinese, Indian banks US$1.7billion
ZIMBABWE has accessed loans of up to USS$1.7 billion from Chinese and Indian banks to shore up technically insolvent state-owned enterprises (SOEs), a leading regional financier has revealed.A...Published: 31 Dec 2023 at 12:57hrs | 11 | by Staff reporter
BCC addresses housing backlog
BULAWAYO City Council (BCC) is moving towards reducing the city's housing backlog through public-private partnerships (PPPs), among other interventions.Bulawayo's housing backlog stands at ove...Published: 27 Dec 2023 at 10:08hrs | 10 | by Staff reporter
Zimbabwe currency crisis holding back power deals
ENERGY and Power Development minister Edgar Moyo says investments into Zimbabwe's power sector have been affected by high currency induced risks.However, Moyo told businessdigest that currency...Published: 22 Dec 2023 at 18:23hrs | 10 | by Staff reporter
Is China good for Zimbabwe?
IMAGINE your father having an "all-weather friend" who appears to stand by him in every situation.This seemingly "all-weather friend", however, looks away as your father brutally batters your ...Published: 20 Dec 2023 at 09:10hrs | 12 | by Tendai Ruben Mbofana
Is China really helping suffering Zimbabweans?
Imagine your father has an 'all-weather friend', who appears to stand by him in every situation.He looks away as your father brutally batters your mother and does not appear to give a hoot whe...Published: 14 Dec 2023 at 12:39hrs | 12 | by Tendai Ruben Mbofana
Bulawayo City Council to commission residential stand in Mahatshula
THE Bulawayo City Council is on Friday expected to commission residential stands in Mahatshula East suburb as it battles to provide housing for the growing city.The local authority partnered t...Published: 05 Dec 2023 at 16:39hrs | 34 | by Staff reporter
Minister loses money to fraudsters
INFORMATION minister Jenfan Muswere's Trust Entity lost US$3 568 to a fraudster.The complainant is Muswere's trust entity represented by Phillipa Phillips.Hamandishe Chihuri appeared b...Published: 30 Nov 2023 at 06:55hrs | | by Staff reporter
New city takes shape in Umguza Rural District
A NEW city named Kings City with state-of-the-art facilities including shopping malls and gated townhouses is taking shape on the outskirts of Bulawayo in Umguza Rural District.The development...Published: 23 Nov 2023 at 05:29hrs | 46 | by Staff reporter
Didymus Mutasa seeking to evict 39 land permit holders
Former State Security minister Didymus Mutasa is embroiled in a land grab storm at the 700 hectare Zingondi farm in Rusape where he is seeking to evict 39 land permit holders.The farmers have ...Published: 12 Nov 2023 at 12:01hrs | 10 | by Staff reporter
Mnangagwa commissions US$7.3m plant
PRESIDENT Mnangagwa yesterday commissioned a US$7,3 million National Oil Company of Zimbabwe (NOIC) ethanol storage and handling facility, that will help save foreign currency, create employment and p...Published: 09 Nov 2023 at 05:53hrs | 11 | by Staff reporter
Harare land developer vanishes from Gwanda
The Gwanda Municipality has sought government intervention to address a situation involving the servicing of approximately 300 housing stands at Judds Farm in Gwanda, Matabeleland South province. Resi...Published: 06 Nov 2023 at 04:53hrs | 7 | by Staff reporter
Fastjet adds additional daily flights between Johannesburg and Bulawayo
FastJet introduced additional flight frequencies from Bulawayo's Joshua Mqabuko Nkomo International Airport to OR Tambo International Airport in Johannesburg on Monday, in time for the busy Christmas ...Published: 30 Oct 2023 at 17:36hrs | | by Staff reporte
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