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Zimbabwe Airways loses one plane over delayed payment
Zimbabwe Airways, the controversial new state-owned airline being built with the help of aircraft retired by Malaysian Airways has lost one of the four Boeing 777-2H6(ER) aircraft that it had targeted...Published: 5 hrs ago | 1342 | by zimlive
The new dispensation: One year on
This week last year Zimbabwe went through the epoch-making Operation Restore Legacy which culminated in the resignation of former President Robert Mugabe on 21 November and the ascension of President ...Published: 23 hrs ago | 1457 | by Nobleman Runyanga
'China can assist with Zimbabwe re-industrialisation'
China has the potential to finance Zimbabwe's re-industrialisation strategy following a significant increase in trade between the two countries, economic analysts have said.This comes as China...Published: 19 Nov 2018 at 12:39hrs | 890 | by Staff reporter
Musimboti cashes in on drugs crisis
CERTIFIED herbal medicines manufacturer, Musimboti Traditional Science and Technology Institute (MTSTI), has over the past two months experienced a surge in business as patients resort to traditional ...Published: 19 Nov 2018 at 05:58hrs | 1191 | by Staff reporter
Zimbabwe must adopt the rand, says Fitch Solutions
ZIMBABWE must adopt the South African Rand to deal with the worsening currency crisis caused by the shortage of United States dollars, an international research firm has said. United Kingdom-b...Published: 18 Nov 2018 at 07:46hrs | 1259 | by Staff reporter
Currency options for crisis-ridden Zimbabwe
Zimbabwe needs to introduce a hybrid foreign currency management system or create a long maturity US$ Brady type bond to preserve savings amid the currency chaos, renowned economist Ashok Chakravarti ...Published: 18 Nov 2018 at 07:45hrs | 917 | by Staff reporter
Zimbabwe Hollywood start escapes death in crash
BUDDING Zimbabwean TV star Sibongile Mlambo was lucky to escape with her life when she was involved in a collision with a truck in the streets of Hollywood recently.In a social media post in w...Published: 18 Nov 2018 at 07:44hrs | 766 | by Staff reporter
Govt acts on drug shortages
The Health and Child Care Ministry is using its foreign currency allocation from the Reserve Bank of Zimbabwe to purchase raw materials to help CAPS Holdings and Datlabs manufacture medicines locally,...Published: 18 Nov 2018 at 07:31hrs | 156 | by Staff reporter
Wutawunashe petitions Trump over sanctions
On Friday Family of God leader Reverend Andrew Wutawunashe in partnership with National Elders Forum today launched an anti-sanctions initiative dubbed Faith for the Nation Campaign....Published: 16 Nov 2018 at 15:10hrs | 2370 | by Mandla Ndlovu
Bulawayo gets 'insulting' $1m from Zinara
THE Zimbabwe National Road Administration (Zinara) last month disbursed slightly over $1 million for the rehabilitation of Bulawayo's roads, but city authorities said the money was not enough to finan...Published: 16 Nov 2018 at 06:04hrs | 1287 | by Staff reporter
Bulawayo City Council wants to charge in forex
THE Bulawayo City Council has formulated a policy designed to raise foreign currency through giving a 50 percent discount to individuals who pay bills in United States dollars after service providers ...Published: 16 Nov 2018 at 05:35hrs | 1733 | by Staff reporter
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 | 1304 | by Staff reporter
A year after Robert Mugabe in Zimbabwe
Zimbabwean politics appear to have changed due to the media reportage of the past twelve months since Robert Mugabe's ouster in the political scene. The question of a new Zimbabwe in the name of the n...Published: 15 Nov 2018 at 12:29hrs | 720 | by Brian Maregedze
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 | 944 | by Aljazeera
African govts fight 'conflict diamonds' resolution
AFRICAN governments led by South Africa are fighting tooth and nail to stop the passing of a resolution by the Kimberly Process to expand the definition of "conflict diamonds", it has been learnt....Published: 15 Nov 2018 at 06:01hrs | 1004 | by Staff reporter
Undenge's trial deferred
The trial of former Energy minister Samuel Undenge, who is facing allegations of corruption, was yesterday moved to November 19 due to non-availability of the State's last witness.While seekin...Published: 15 Nov 2018 at 05:57hrs | 794 | by Staff reporter
Government calls rogue pharmacies to order
GOVERNMENT has directed pharmacies to stop demanding foreign currency from patients for drugs which are now available locally through NatPharm. In an interview at the close of the 67th East, C...Published: 15 Nov 2018 at 05:35hrs | 987 | by Staff reporter
WATCH: Air Zimbabwe - The World's Most Dangerous Airline?
Aviation blogger Sam Chui's journey around the world reviewing airlines took him to Zimbabwe.Chui discovered a very Zimbabwean tradition: "burning money". By changing his valuable United State...Published: 14 Nov 2018 at 07:58hrs | 3011 | by youtube
Mnangagwa tightens noose on cash barons
CASH barons who have been accused of fuelling parallel market currency rates and a raft of other economic ills will now face up to two years in prison if they fail to explain the source of their wealt...Published: 13 Nov 2018 at 06:15hrs | 4200 | by Staff reporter
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 990 | by Eddie Cross
'Diasporans should pay for Air Zimbabwe services in US$'
CABINET has resolved that Zimbabweans living in the diaspora should pay for Air Zimbabwe services in United States dollars, Transport and Infrastructural Development minister Joel Biggie Matiza has sa...Published: 12 Nov 2018 at 05:37hrs | 1378 | by Staff reporter
26 to get free cleft lip surgery at Mpilo
TWENTY six patients are set to receive free cleft lip and plastic surgery starting today at Mpilo Central Hospital in Bulawayo, with the number expected to increase during the course of the week. ...Published: 12 Nov 2018 at 05:29hrs | 89 | by Staff reporter
Enough fuel for festive season, says Minister
ENERGY and Power Development Minister Dr Joram Gumbo has assured the nation of enough fuel supplies during the forthcoming festive season. In an interview on the sidelines of the just ended 20...Published: 12 Nov 2018 at 05:28hrs | 184 | 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 | 2343 | by Staff reporter
Zimbabwe Warriors target Arsenal starlet Reiss Nelson
Zimbabwe are set to miss out on Arsenal starlet Reiss Nelson, whose exploits at Hoffenheim have impressed England coach Gareth Southgate.Nelson, who was born in London to a Zimbabwean father a...Published: 11 Nov 2018 at 13:01hrs | 5960 | by Staff reporter
'Bond notes have been a success'
RESERVE Bank of Zimbabwe governor John Mangudya had a torrid time at the pre-budget seminar for legislators in Bulawayo last week when he was grilled over currency problems bedevilling the country....Published: 11 Nov 2018 at 12:26hrs | 2083 | by Staff reporter
Schools in USD fees U-turn
A number of private schools that were contemplating charging their fees in foreign currencies are now backtracking on the idea which could have pushed away some of their learners.In the wake o...Published: 10 Nov 2018 at 16:46hrs | 4915 | by Staff reporter
Mnangagwa receives US humanitarian award
FIRST Lady Auxillia Mnangagwa's philanthropic work has been recognised after she was Thursday honoured with a Matter Humanitarian Award from the Matter group president Quenton Marty in the United Stat...Published: 10 Nov 2018 at 11:43hrs | 2585 | by newzimbabwe
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 153 | by Staff reporter
Zimbabwe pharmacies condemn the ill to death
THE country's sick have been condemned to death in the country by pharmacies that remain defiant and demand foreign currency payments for drugs. Just watching the events at pharmacies unfold as the da...Published: 10 Nov 2018 at 10:39hrs | 454 | by Andile Tshuma
Reality check for Mthuli Ncube
Under-pressure Finance minister Mthuli Ncube faces a tough task in balancing policy measures that stabilise the economy and populist demands from the ruling party when he presents his much-awaited N...Published: 09 Nov 2018 at 17:18hrs | 4396 | by Staff reporter
Mangudya lost his cool under pressure from legislators
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budget seminar in Bulawayo who took him to ta...Published: 09 Nov 2018 at 16:41hrs | 5056 | by Staff reporter
Is Tobin tax regime helpful?
Against the backdrop of the ongoing debate and rhetoric about the recently proposed 2% transaction tax which was announced by Finance minister Mthuli Ncube, ostensibly to widen Zimbabwe's tax base....Published: 09 Nov 2018 at 06:21hrs | 1052 | by Colls Ndlovu
Chivayo, Chinamasa links exposed
FORMER Finance minister Patrick Chinamasa's daughter, Kangai (38), claims she was assisting embattled businessman and Intratrek owner Wicknell Chivayo purchase "equipment" in the United States when so...Published: 09 Nov 2018 at 05:18hrs | 4599 | by Staff reporter
Bonus assurance for civil servants
THE Minister of Finance and Economic Development, Professor Mthuli Ncube, yesterday assured civil servants of a bonus incentive for 2018 whose finer details would be clarified in due course in line wi...Published: 09 Nov 2018 at 05:03hrs | 3326 | by Staff reporter
RBZ boss refuses to scrap bond notes
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday defended the use of bond notes saying the real cause of problems facing the economy was not the surrogate currency but ballooning ele...Published: 09 Nov 2018 at 05:02hrs | 5763 | by Staff reporter
Thomas Mapfumo billed for 7 Zimbabwe towns and cities
UNITED States-based Chimurenga music icon, Dr Thomas 'Mukanya' Mapfumo, will next month return to Zimbabwe for a Peace Tour where he will encourage the country's citizens to put their differences asid...Published: 09 Nov 2018 at 05:01hrs | 1392 | by Staff reporter
Mnangagwa's govt divides teachers
Teachers are divided over whether or not to engage in collective bargaining with their employer under the Apex Council - the umbrella body for all civil servants.Zimbabwe has five main unions ...Published: 08 Nov 2018 at 13:47hrs | 4922 | by Staff reporter
2% money transfer tax simplified
Intermediated Money Transfer Tax is a tax collected in terms of Section 36G as read with the Thirtieth Schedule of the Income Tax Act [Chapter 23:06]. This tax has been in place since 2003 and an amen...Published: 08 Nov 2018 at 10:30hrs | 5043 | by Staff reporter
Zimbabwe traditional chief begs US to remove sanctions
A LOCAL traditional leader in Masvingo on Tuesday took advantage of the signing ceremony of the Great Zimbabwe Preservation Project - where the United States donated $475 000 - to beg the superpower t...Published: 08 Nov 2018 at 05:31hrs | 517 | by Staff reporter
Mnangagwa's panicky govt meets teachers
Following threats by teachers to down tools on Friday to press for improved working conditions, government has now reached out to the country's educators in a bid to iron out differences.The D...Published: 07 Nov 2018 at 11:01hrs | 5383 | by Staff reporter
Elected officials should shun sense of entitlement
PUBLIC officials in Zimbabwe appear to have increasingly grown a sense of entitlement where they feel, because of their positions, they must have free access to certain amenities and other luxury perk...Published: 07 Nov 2018 at 05:58hrs | 187 | by Editorial - newsday
Civil servants demand US$ salaries
CIVIL servants have demanded salaries in United States dollars following the price increases and rejection of the bond note and electronic transfers by some shop owners and service providers. ...Published: 07 Nov 2018 at 05:53hrs | 1820 | by Staff reporter
Conflation of business and politics: An economic solution for Zimbabwe
September and October saw the prices of basic commodities in Zimbabwe rising beyond the reach of many. Medicines at pharmacies were charged in United States dollars only and those who could not afford...Published: 06 Nov 2018 at 12:35hrs | 1096 | by Elijah Chihota
Mnangagwa's pronouncement on Mthuli Tax a welcome relief
President Emmerson Mnangagwa's recent announcement that he will review the two cents per dollar transaction tax is a welcome relief to long-suffering Zimbabweans.The new tax regime introduced ...Published: 06 Nov 2018 at 11:49hrs | 12609 | by Staff reporter
Zimbabwe charging foreigners in USD
Government has resorted to charging United States dollars for the payment for all goods and services paid by foreigners at selected Zimbabwe's Parks & Wildlife Management Authority (ZimParks) recr...Published: 06 Nov 2018 at 07:29hrs | 1528 | by Staff reporter
Truth the medicine for a sick nation
"Before a nation can get on with the routine task of nation building, it has to come to terms with its past" (Walter Wink).My family brought me up in Germany after World War I (1914-1918) and ...Published: 06 Nov 2018 at 05:49hrs | 403 | by Fr Oskar Wermter sj
Petrol prices fall in Zimbabwe
AFTER weeks of chaos, fuel prices in the country fell by at most four cents, with Energy minister Joram Gumbo attributing this to a dip in international crude oil margins.A survey around Harar...Published: 06 Nov 2018 at 05:37hrs | 2247 | by Staff reporter
Govt warns schools demanding forex
Government has issued a stern warning to schools after it emerged that some were demanding tuition fees in United States dollars. Some top private schools have already sent out circulars to pa...Published: 06 Nov 2018 at 05:20hrs | 565 | by Staff reporter
Chamisa demands Presidency
Opposition Leader Nelson Chamisa has rejected the Leader of the opposition office that President Mnangagwa had offered him.Said Chamisa, "Mnangagwa is fascinating. I was voted by the people to...Published: 05 Nov 2018 at 09:09hrs | 7734 | by Mandla Ndlovu
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