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Ramaphosa calls for removal of sanctions on Zimbabwe
SOUTH AFRICAN President, Cyril Ramaphosa, has called on the European Union (EU) to lift sanctions on Zimbabwe saying the country has turned a wonderful corner and needs support on its path to great re...Published: 3 hrs ago | 154 | by Staff reporter
Zimbabwe vs Liberia live on SuperSport 9
ZIMBABWE vice captain Ovidy Karuru says the Warriors are clear on their mission and will not be reckless tomorrow when they face hosts Liberia at the Samuel Kanyon Doe Sports Complex in Monrovia. A po...Published: 3 hrs ago | 330 | by Staff reporter
'Mnangagwa crackdown on money changers futile'
The crackdown on black market currency trading to curb a parallel market blamed for the spike in prices is not enough to address the problem, economists said yesterday.This comes as there has ...Published: 21 hrs ago | 5360 | by Staff reporter
Zimbabwe informal sector rises to 95%
The number of Zimbabweans earning a living from the informal sector rose to 95 percent in 2014 from 84 percent in 2011, a new study by the International Labour Organisation (ILO) has revealed....Published: 21 hrs ago | 592 | by Staff reporter
Mthuli Ncube sets privatisation timelines
FINANCE minister Mthuli Ncube has set timelines for the disposal and partial privatisation of a number of state-owned enterprises, as part of a raft of measures to revitalise Zimbabwe's fragile econom...Published: 16 Nov 2018 at 07:02hrs | 3802 | by Staff reporter
Zimbabwe should start embracing agrobusiness as priority of turning around the economy
Agriculture have to be in the centre stage in plans for the revival of Zimbabwe's ailing economy. Getting agriculture moving in Zimbabwe is a big task. The radical land reform of 2000 has left many ou...Published: 15 Nov 2018 at 14:02hrs | 629 | by Enos Denhere
Opposition Parly antics a betrayal of the electorate
On Tuesday, this week, Parliament had to adjourn prematurely following ZANU legislators' objection to the MDC-T Chamisa faction Dangamvura-Chikanga legislator, Prosper Mutseyami's mischievous claim th...Published: 15 Nov 2018 at 13:44hrs | 987 | by Nobleman Runyanga
Illicit trade in foreign currency must cease
Recent action by government in which it imposed 10-year custodial sentences on illegal foreign currency dealers was overdue although more should be done to exterminate the practice completely....Published: 15 Nov 2018 at 12:55hrs | 1294 | by Staff reporter
A year after Mugabe, hopes for a new Zimbabwe still low
A year since a trio of army generals held former Zimbabwean President Robert Mugabe under house arrest as part of a 10-day military operation that enabled his protege, Emmerson Mnangagwa, to take powe...Published: 15 Nov 2018 at 09:19hrs | 929 | by Aljazeera
Modi invited to India gold summit
THE Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate in the second edition of the India Gold and J...Published: 15 Nov 2018 at 05:49hrs | 591 | by Staff reporter
Money changers desert Bulawayo streets
ILLEGAL money changers in Bulawayo have devised new tricks to evade arrest following President Emmerson Mnangagwa's promulgation of new regulations that may see offenders being jailed for up to 10 yea...Published: 15 Nov 2018 at 05:37hrs | 2024 | by Staff reporter
WATCH: Mnangagwa holds a closed-door meeting with China's Zhou Xi'an
President Emmerson Mnangagwa today held a closed-door meeting with the Deputy Governor of China's Anhui Province Zhou Xi'an at his Munhumutapa offices. Speaking to the media after the meeting,...Published: 14 Nov 2018 at 15:29hrs | 1865 | by Staf reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 2861 | by newZwire with The Source
Illegal forex traders desert their usual selling points
The hordes of illegal foreign currency traders who had made the streets of Harare their home are increasingly becoming a rare sight, as President Emmerson Mnangagwa's abatement measures take effect....Published: 14 Nov 2018 at 13:39hrs | 4030 | by Staff reporter
Zimbabweans to explain deposits of more than $10,000
President Emmerson Mnangagwa has promulgated Statutory Instrument 246 of 2018, Presidential Powers (Temporary Measures) Amendment of Money Laundering & Proceeds of Crime Act & Exchange Control...Published: 14 Nov 2018 at 12:54hrs | 12777 | by Ndou Paul
Derailed goods train still at crash site
The Beitbridge Bulawayo Railway Company (BBR) is still working on modalities to remove its crashed goods train and repair the damaged track at the rail-road crossing in the border town.It is D...Published: 14 Nov 2018 at 11:12hrs | 1856 | by Staff reporter
A 'Operation restore citizen-power' only path to Zimbabwe's prosperity
As Zimbabwe commemorates last year's military intervention that led to the removal of long-time president Robert Gabriel Mugabe, and replaced by his then recently expelled deputy Emmerson Dambudzo Mna...Published: 14 Nov 2018 at 08:56hrs | 977 | by Tendai Ruben Mbofana
Mnangagwa begins tracking 'ill-gotten wealth'
GOVERNMENT has promulgated Statutory Instrument 246 of 2018, which will see illegal currency traders being sentenced to up to 10 years in jail. The regulations - Presidential Powers (Temporary...Published: 14 Nov 2018 at 06:02hrs | 2568 | by Staff reporter
Spate of thefts from vehicles in Bulawayo CBD
POLICE in Bulawayo have recorded 20 cases of theft from vehicles within three days in the city's Central Business District with $10 000 being stolen in the process. The theft incidents are sai...Published: 14 Nov 2018 at 05:47hrs | 1121 | by Staff reporter
Building value chains, skills for Vision 2030
Zimbabwe aspires to be an upper middle-income economy with a per capita income of US$3 500 by 2030. This requires fundamental transformations and shifts in the economy. Our Transitional Stabil...Published: 14 Nov 2018 at 05:35hrs | 208 | by Emerson D. Mnangagwa
ILO – seeks Informal Economy Transition to Formalization
The International Labour Organization is currently hosting a training course on Transition from Informal Economy to Formal Economy targeting over hundred global representatives from governments, labou...Published: 13 Nov 2018 at 22:03hrs | 532 | by Michael Mdladla Ndiweni
Zimbabwe inflation hits the 20.8% mark, RBZ targets 7%
Zimbabwe's annual inflation rose sharply to a record 20.8 percent in October after it gained 15.46 percentage points from the September rate of 5.39 percent. The Consumer Price Index (CPI) for...Published: 13 Nov 2018 at 16:03hrs | 1513 | by Staff reporter
ZCTU dismisses Mathema warning
Zimbabwe's largest trade union federation has dismissed a warning from Home Affairs minister Cain Mathema that those planning anti-government demonstrations risked dire consequences.The Zimbab...Published: 13 Nov 2018 at 10:54hrs | 1013 | by Staff reporter
Biti, prosecutor nearly trade blows in court
MDC vice-chairperson Tendai Biti and State prosecutor Michael Reza nearly exchanged blows in court yesterday after Reza accused the former of playing a role in the post-election violence that saw seve...Published: 13 Nov 2018 at 06:16hrs | 5586 | by Staff reporter
Zimbabwe's Namibian port project taking shape
STATE-OWNED logistics firm Road Motor Services (RMS) says its dry land port project at Walvis Bay in Namibia is now 70% complete, four years after work began on it.RMS, a subsidiary of the Nat...Published: 13 Nov 2018 at 06:00hrs | 530 | by Staff reporter
2% tax derails industrial production
ZIMBABWE Congress of Trade Unions western region chairman Ambrose Sibindi has said since the announcement of the 2% tax by Finance minister Mthuli Ncube last month, many industries in Bulawayo have sc...Published: 13 Nov 2018 at 05:57hrs | 282 | by Staff reporter
Miners to retain 55% export earnings
THE Reserve Bank of Zimbabwe (RBZ) has agreed to increase large scale miners' retention of foreign currency from mineral exports to 55 percent to allow them to cover production costs. Recently...Published: 13 Nov 2018 at 05:52hrs | 322 | 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 | 671 | by Staff reporter
1 year after Mugabe fall, Zimbabwe asks 'What has changed?'
One year ago the unthinkable happened in Zimbabwe: Robert Mugabe fell from power.Tanks rolled in the streets of the capital, Harare, on November 14, 2017, and the military put Mugabe under hou...Published: 12 Nov 2018 at 14:25hrs | 1946 | by AP
Allocate reasonable budget to Parly, begs Mudenda
SPEAKER of the National Assembly Jacob Mudenda has called on the Finance ministry to allocate a reasonable budget to Parliament as well as prioritise the construction of the new Parliament building in...Published: 12 Nov 2018 at 05:39hrs | 101 | by Staff reporter
Inflation likely to stabilise, says Mangudya
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says inflation is likely to stabilise around 7% in the medium term.Giving his presentation during the pre-budget seminar in Bulawayo last ...Published: 12 Nov 2018 at 05:33hrs | 824 | by Staff reporter
New law on illegal currency trading welcome
WE welcome President Emmerson Mnangagwa's decision to use temporary powers for a new law that will see illegal currency traders being sentenced to up to 10 years in jail, while ill-gotten wealth will ...Published: 12 Nov 2018 at 05:23hrs | 2325 | by Staff reporter
Chamisa says there is no agreement on national issues with Mnangagwa
MDC leader Nelson Chamisa believes that the country's economic situation will remain dire until a solution is found to the legitimacy question that he is currently pursuing. In this wide-rangi...Published: 11 Nov 2018 at 16:31hrs | 1445 | by Staff reporter
Zimta, PTUZ in ugly fallout
The Zimbabwe Teachers Association (Zimta) and Progressive Teachers Union of Zimbabwe (PTUZ) are engaged in a war of words emanating from whether or not to engage in collective bargaining with their em...Published: 11 Nov 2018 at 16:29hrs | 1440 | by Staff reporter
All eyes on Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube's maiden national budget should target the revival of the productive sectors of the economy to set the tone for revival, business has advised....Published: 11 Nov 2018 at 12:24hrs | 1238 | by Staff reporter
Kimberley Process chair asked to suspend diamond exports from Israel
During a round-table meeting in the EU Parliament in Brussels the EU chair of the Kimberley Process, Hilda Hardeman and chair of the KP Civil Society Coalition (CSC), Shamiso Mtisi, were urged to susp...Published: 11 Nov 2018 at 12:09hrs | 368 | by Sean Clinton
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | 1132 | by Bloomberg
Economic Dialogue: Building value chains, skills for Vision 2030
Zimbabwe aspires to be an upper middle-income economy with a per capita income of US$3 500 by 2030.This requires fundamental transformations and shifts in the economy. Our Transitional Stabili...Published: 11 Nov 2018 at 09:29hrs | 63 | by HE Emmerson D Mnangagwa
SA scraps 54-year-old bilateral trade agreement with Zimbabwean
Fears of significant job losses in the textiles and clothing sector have arisen after Archer Clothing in Bulawayo laid off 200 workers following South Africa's decision to scrap a 54-year-old bilatera...Published: 11 Nov 2018 at 09:25hrs | 1792 | by Staff reporter
Zimbabwe illegal currency dealers to be jailed for 10 years
President Emmerson Mnangagwa has used temporary powers for a new law that will see illegal currency traders being sentenced to up to ten years in jail, while ill-gotten wealth will be confiscated....Published: 11 Nov 2018 at 09:17hrs | 1488 | by Staff reporter
Mnangaga ready to deal with Chamisa and his followers
Government has drawn a line in the sand following threats by the main MDC party to roll out a series of protests in order to get President Emmerson Mnangagwa's administration to end a full-blown econo...Published: 10 Nov 2018 at 16:49hrs | 15275 | by Staff reporter
Is Zanu PF acting and delivering ???
The victory of ZANU PF is not only to benefit ZANU PF but it benefits the nation. ZANU PF is expected to be coming up with solutions and stop the rot in our economy. The government which was for...Published: 10 Nov 2018 at 11:19hrs | 685 | by Dr Masimba Mavaza
Greedy MPs demand vehicles from cash strapped Zimbabwe govt
LEGISLATORS have said the Government has taken too long to buy them service vehicles with the issue being among the most topical during the ongoing 2019 Parliamentary pre-budget seminar in Bulawayo. ...Published: 10 Nov 2018 at 09:15hrs | 456 | by Staff Reporter
Dabengwa launches Ihawu Awards
Dumiso Dabengwa and the Dumiso Dabengwa Foundation will launch the Ihawu Awards on the 7th of December. The Awards are meant to honour men women who have sacrificed a lot for Zimbabwe.The Foun...Published: 09 Nov 2018 at 19:55hrs | 1688 | by Mandla Ndlovu
In whose interest are demos
In these trying and difficult times characterized with stratospheric prices of goods and services, the least thing the laity needs are demos. Such actions will exacerbate our already dire situation. ...Published: 09 Nov 2018 at 18:22hrs | 891 | by Tondorindo Murisa.
Van Hoogstraten cleared of CFI insider trading
The Securities and Exchange Commission of Zimbabwe (SECZ) has cleared Nicholas van Hoogstraten's investment vehicle, Messina Investments (Private) Limited of insider trading involving shares in CFI ...Published: 09 Nov 2018 at 17:19hrs | 760 | by Staff reporter
Who's who in Zimbabwe’s cutthroat fuel sector
SIX major oil-importing entities, including the Indigenous Petroleum Association of Zimbabwe (Ipaz), Zuva Petroleum, Puma Energy, Total Zimbabwe, Petrotrade (Pvt) Ltd and Engen Petroleum Zimbawe, are...Published: 09 Nov 2018 at 18:06hrs | 5904 | by Staff reporter
Schweppes anticipate continued gaps in production due to forex shortages
Schweppes Holdings Africa Limited (SHAL) is the holding company for Schweppes Zimbabwe Limited (SZL) whose core business is manufacturing, sales and distribution of beverages under license from The Co...Published: 09 Nov 2018 at 09:00hrs | 1788 | by Schweppes
Hold Mnangagwa's govt to account on mega deals, says Mudenda
SPEAKER of Parliament, Jacob Mudenda has urged government to fight inertia, whereby deals worth billions of dollars are signed every time, but not implemented on time or never."Let us fight th...Published: 09 Nov 2018 at 05:06hrs | 2419 | by Staff reporter
Zimbabwe must set a clear development agenda
First and foremost, Zim is poised with toxic politics. We must deal with our politics first before we table economic matters. , it is important to admit that we have a crisis so that whoever comes on ...Published: 07 Nov 2018 at 16:27hrs | 506 | by Tinashe Eric Muzamhindo
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