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South Africa's GNU at risk after parliament backs budget
South Africa's parliament approved a key piece of budget legislation despite objections from the second-biggest party in the coalition government, raising the risk of the alliance unravelling....Published: 5 hrs ago | 159 | by Staff reported
Supplier fails to deliver 50 cars to Zimra
THE Zimbabwe Revenue Authority (Zimra) reportedly paid a staggering US$209 million for 85 vehicles but only received 15 Toyota Hilux vehicles, with none of the 50 Toyota Corolla vehicles delivered, Pa...Published: 01 Apr 2025 at 08:43hrs | 922 | by Staff reporter
Zimbabwe's Health ministry in budget quandary
The Ministry of Health and Child Care has called for a supplementary budget to mitigate the impact of the withdrawal of United States funding, particularly towards HIV and Aids programmes. The funding...Published: 27 Mar 2025 at 06:18hrs | 250 | by Staff reporter
Zimbabwe lines up seven sponsors to clear arrears
Zimbabwe is actively negotiating with seven potential sponsors, including individual countries, multilateral financial institutions, and private financiers, to secure the necessary funding, guarantees...Published: 23 Mar 2025 at 08:13hrs | 987 | by Staff reporter
US$2,5 million released to accelerate Lake Gwayi-Tshangani construction
Zimbabwe's infrastructure development agenda is advancing steadily, with public-private partnerships (PPPs) playing a key role in road construction and the release of US$2.5 million to accelerate the ...Published: 19 Mar 2025 at 06:51hrs | 389 | by Staff reporter
Zimbabwe
Zimbabwe has faced numerous challenges in recent years, including economic instability, political turmoil, and social unrest. As the country looks to the future, there are several factors that will ha...Published: 14 Mar 2025 at 19:46hrs | 420 | by Mlilo Joyinani and Ndaba M. Nhuku
Ramaphosa's ANC to increase VAT for South Africa
Finance minister Enoch Godongwana has proposed a 0.5 percentage point increase for value-added tax (VAT) in the 2025/26 financial year, followed by a further 0.5 percentage point increase in 2026/27....Published: 12 Mar 2025 at 15:11hrs | 363 | by Staff reporter
Recruitment of 4 000 teachers starts
The Government has commenced the recruitment of 4,000 teachers as part of a broader initiative to employ 8,000 educators this year, aiming to improve the teacher-learner ratio and enhance the overall ...Published: 12 Mar 2025 at 07:41hrs | 473 | by Staff reporter
Refurbishment of National Sports Stadium gains momentum
The refurbishment of the National Sports Stadium is set to accelerate after the government resolved several challenges that had delayed the project. The 38-year-old facility, which last hosted interna...Published: 12 Mar 2025 at 07:39hrs | 325 | by Staff reporter
Social unrest warning for South Africa
The uMkhonto weSizwe (MK) Party has issued a stern warning to the South African government, threatening widespread protests if the revised budget - set to be presented on Wednesday, 12 March - include...Published: 11 Mar 2025 at 17:13hrs | 1975 | by Staff reporter
Historic environmental crime fines payment with trees
Last week, two Gauteng Province, South Africa-based companies paid for the environmental crimes that they committed by supplying thousands of trees and shrubs (in-kind-payment) to the Gauteng De...Published: 10 Mar 2025 at 13:34hrs | 377 | by Emmanuel Koro
Minister optimistic on Gwayi-Shangani Dam deadline
Matabeleland North Provincial Affairs and Devolution Minister, Richard Moyo, has called on Treasury to urgently release funds for the Gwayi-Shangani Dam project, emphasizing that the project's complet...Published: 09 Mar 2025 at 13:21hrs | 195 | by Staff reporter
Zimbabwe secures US$20 million to construct 120 schools
The Ministry of Primary and Secondary Education has secured US$20 million from international partners, with additional funding from the Treasury, as the Government aims to construct 120 new schools an...Published: 03 Mar 2025 at 12:32hrs | 142 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 204 | by Staff reporter
Zimbabwe's debt unsustainably high
The International Monetary Fund (IMF) has warned that Zimbabwe's debt and external arrears remain unsustainably high, forcing the country to rely on its own resources to fund economic activities....Published: 16 Feb 2025 at 07:42hrs | 406 | by Staff reporter
Zesa owes US$350m for Kariba South renovations
Zimbabwe's power utility, Zesa Holdings (Zesa), is grappling with a staggering US$350 million debt for renovations at the Kariba South Power Station, as its foreign currency obligations continue to hi...Published: 13 Feb 2025 at 13:55hrs | 186 | by Staff reporter
Zimbabwe's power deficit soars to 1,560 megawatts
Zimbabwe is grappling with a worsening power crisis, with the country's electricity deficit now standing at a staggering 1,560 megawatts (MW), according to a new report from Parliament's Portfolio Com...Published: 12 Feb 2025 at 15:27hrs | 399 | by Staff reporter
Mnangagwa Law School nears completion in Kwekwe
The construction site of the Emmerson Dambudzo Mnangagwa Law School at Midlands State University (MSU) in Kwekwe buzzed with activity last Thursday as workers diligently pushed forward with the ambiti...Published: 10 Feb 2025 at 06:38hrs | 476 | by Staff reporter
Emmerson Dambudzo Mnangagwa Law School set to open in August
The Midlands State University (MSU)'s Emmerson Dambudzo Mnangagwa Law School in Kwekwe is on track to open its doors in August this year, with construction nearing completion. With over 300 workers on...Published: 05 Feb 2025 at 11:44hrs | 629 | by Staff reporter
Carnage in NGOs, clinics
Thousands of employees in Zimbabwe's non-governmental organisations (NGOs) and civil society organisations (CSOs) face an uncertain future after being told to go home following an executive order by U...Published: 31 Jan 2025 at 07:42hrs | 945 | by Staff reporter
Zimbabwe's inflation surges to 11.6% in January 2025
Zimbabwe's weighted month-on-month inflation rate surged by 10.5 percentage points in January 2025, reaching 11.6 percent from 1.1 percent in December 2024, according to figures released by the Zimbab...Published: 30 Jan 2025 at 06:38hrs | 107 | by Staff reporter
Delta challenges US$73 million tax assessments by ZIMRA
LISTED beverages giant, Delta Corporation Limited, is contesting tax assessments issued by the Zimbabwe Revenue Authority (ZIMRA) for amounts the company believes should have been payable exclusively ...Published: 30 Jan 2025 at 06:38hrs | 286 | by Staff reporter
Bulawayo hosts 2025 Legal Year
The stage is set for the official opening of the 2025 Legal Year, which will take place tomorrow at the Bulawayo High Court. Chief Justice Luke Malaba will preside over the main event, marking a signi...Published: 12 Jan 2025 at 11:59hrs | 201 | by Staff reporter
Veteran accountant vows to bring ZIFA into accountability
Veteran Zimbabwe Football Association (ZIFA) central region chairperson, Gilbert Saika has vowed to bring his experience and expertise on financial accoun...Published: 11 Jan 2025 at 14:22hrs | 997 | by Gideon Madzikatidze/Simbarashe Sithole
RBZ unveils another 'looting scheme'
The Reserve Bank of Zimbabwe (RBZ) has introduced the Targeted Finance Facility (TFF) with an aim to provide affordable credit to key productive sectors such as agriculture, manufacturing, and mining....Published: 11 Jan 2025 at 08:20hrs | 1178 | by Staff reporter
Tshabangu's MPs question validity of Mutapa Investment Fund valuation
Opposition parliamentarians have raised concerns over the validity of the Mutapa Investment Fund's (MIF) asset valuation, pointing to discrepancies between the reported US$16 billion valuation and ear...Published: 22 Dec 2024 at 11:13hrs | 801 | by Staff reporter
Concerns mount over devolution fund shortfalls in Zimbabwe
The government's failure to meet the five percent constitutional threshold for devolution funding since 2019 has sparked widespread criticism. From its inception to 2023, the Inter-Governmental Funds ...Published: 17 Dec 2024 at 15:00hrs | 416 | by Staff reporter
ZBC urged to build national consciousness
The recapitalisation of the Zimbabwe Broadcasting Corporation (ZBC) is essential for the national broadcaster to fulfill its mandate of fostering national consciousness and promoting heritage-based br...Published: 15 Dec 2024 at 09:13hrs | 150 | by Staff reporter
Zimbabwe authorities step up crackdown on smuggled goods
The Zimbabwean government has ramped up efforts to combat smuggling and the influx of counterfeit goods as part of a broader strategy to protect domestic industries and enhance their competitiveness....Published: 15 Dec 2024 at 09:11hrs | 438 | by Staff reporter
Biti criticizes Zimbabwe's economic policies
Former finance minister Tendai Biti has strongly criticized the economic policies under the current administration, describing them as "fictitious" and blaming them for Zimbabwe's ongoing de-industria...Published: 14 Dec 2024 at 12:34hrs | 513 | by Staff reporter
MPs back Mthuli Ncube's sports betting tax proposal
Parliamentarians have approved Finance Minister Mthuli Ncube's proposal to introduce a 10% tax on gross winnings from sports betting, marking a significant step in the growing Zimbabwean sports bettin...Published: 14 Dec 2024 at 10:46hrs | 184 | by Staff reporter
Mthuli Ncube willing to review tax proposals
The Zimbabwean Treasury may revise certain tax measures outlined in the 2025 National Budget following concerns raised by business leaders, economists, and other stakeholders. Finance, Economic Develo...Published: 11 Dec 2024 at 06:30hrs | 449 | by Staff reporter
US, UK sanction Gold Mafia linked dealer
The United States and Britain imposed sanctions on several individuals and businesses linked to global gold smuggling and money laundering networks, with Zimbabwean businessman Kamlesh Pattni at the c...Published: 10 Dec 2024 at 07:08hrs | 969 | by Staff reporter
'Mutapa Fund will become Zimbabwe's economic bedrock'
Finance, Economic Development, and Investment Promotion Minister, Mthuli Ncube, has expressed strong confidence in the future of the Mutapa Investment Fund (MIF), highlighting its potential as a key d...Published: 09 Dec 2024 at 07:03hrs | 680 | 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 | 299 | by Staff reporter
Zimbabwe's education sector saddled with billions in debt
The Ministry of Primary and Secondary Education in Zimbabwe is grappling with significant financial challenges, with debts running into billions of Zimbabwe Gold (ZiG) currency, revealing the deepenin...Published: 06 Dec 2024 at 06:39hrs | 288 | by Staff reporter
Lake Gwayi-Tshangani construction set to resume
The long-awaited construction of the Lake Gwayi-Tshangani Dam in Matabeleland North is set to resume, thanks to a ZWG1 billion allocation in the 2025 national budget aimed at completing the remaining ...Published: 06 Dec 2024 at 06:35hrs | 1039 | by Staff reporter
Forbes Border Post upgrade project approved
Cabinet has approved a public-private partnership (PPP) between the Ministry of Transport and Infrastructural Development and the Forbes Border Consortium, ushering in a new phase of modernisation for...Published: 01 Dec 2024 at 08:55hrs | 575 | by Staff reporter
RBZ assures bonus payments will not disrupt economic stability
Reserve Bank of Zimbabwe (RBZ) Governor Dr. John Mushayavanhu has assured that the payment of civil servant bonuses ahead of the festive season will not affect price stability or the exchange rate....Published: 01 Dec 2024 at 08:50hrs | 103 | by Staff reporter
Zimbabwe says 'undocumented migrants a security risk'
A recent report by the Parliamentary Portfolio Committee on Defence and Home Affairs has raised alarm about the potential security risks posed by undocumented migrants in Zimbabwe. The committee, chai...Published: 28 Nov 2024 at 06:53hrs | 1298 | by Staff reporter
Govt urged to empower traditional leaders to issue IDs
The Zimbabwean government has been called upon to expedite efforts in training traditional leaders to issue essential primary documents, such as birth and death certificates.This initiative is...Published: 27 Nov 2024 at 16:07hrs | 354 | by Staff reporter
All eyes on Professor Mthuli Ncube
As Zimbabwe prepares for the presentation of the 2025 National Budget, all eyes are on Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube. The Budget, which serve...Published: 27 Nov 2024 at 08:13hrs | 1090 | by Staff reporter
Zimbabwe teachers petition govt over 'farm-like' wages
The Progressive Teachers Union of Zimbabwe (PTUZ) has formally petitioned the government over the ongoing issue of erratic salary payments, particularly highlighting delays in the payment of the local...Published: 23 Nov 2024 at 13:31hrs | 1659 | by Staff reporter
Zimbabwe chiefs to receive bonuses raising controversy
In a move that is likely to spark debate, Zimbabwe's traditional chiefs are set to receive bonuses just two months after they were gifted twin-cab vehicles worth millions of dollars. The decision come...Published: 20 Nov 2024 at 06:58hrs | 365 | by Staff reporter
Zimbabwe govt sinks in deep financial hole
The recent 43% devaluation of Zimbabwe's Zimbabwe Gold (ZiG) currency has exacerbated the government's financial crisis, leaving it struggling to meet its obligations while civil servants and other pu...Published: 19 Nov 2024 at 13:38hrs | 7761 | by Staff reporter
Underfunding sinks Zimbabwe school projects
Government-funded school projects are progressing at a snail's pace, with many targets missed due to insufficient funding from Treasury, according to a Parliamentary Portfolio Committee report. The re...Published: 19 Nov 2024 at 08:50hrs | 72 | by Staff reporter
Zimbabwe finance ministry bans foreign trips
The Zimbabwean government is tightening its belt in response to a severe cash crunch as it approaches the end of 2024. Finance Secretary George Guvamatanga has announced measures aimed at curbing spen...Published: 18 Nov 2024 at 15:24hrs | 5552 | by Staff reporter
Zimbabwe cuts some spending items as ZiG drop hits budget
Zimbabwe's currency devaluation is forcing the government to cut spending on certain budget items.The country's Treasury asked government departments to prioritize their spending commitments f...Published: 18 Nov 2024 at 15:08hrs | 156 | by Staff reporter
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 176 | by Staff reporter
Mnangagwa commissions US$18,5m Bulawayo students' complex
President Emmerson Mnangagwa yesterday officially commissioned the state-of-the-art Bulawayo Students Accommodation City Complex, a landmark project in Matsheumhlope suburb valued at US$18.5 million. ...Published: 16 Nov 2024 at 14:22hrs | 347 | by Staff reporter
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