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Zimbabwe police close in on suspects in US$4.4 million Bulawayo heist
Police have made significant strides in their investigation of the US$4.4 million armed robbery in Bulawayo last month, believed to be the largest bank heist in Zimbabwe since independence.Six...Published: 16 Nov 2024 at 14:24hrs | 1580 | by Staff reporter
Zimbabwe US$4 million heist suspects named
Police have enlisted the assistance of Interpol to help track down six armed robbers involved in a daring bank heist in Bulawayo last week, in which the gang made off with over US$4.4 million. Authori...Published: 10 Oct 2024 at 12:59hrs | 5321 | by Staff reporter
Zimbabwe police to fish out US$4m heist criminals from South Africa
Police have enlisted the help of Interpol to track down six armed robbers who made off with over US$4.4 million in a daring bank heist in Bulawayo last week. The robbers, believed to be local criminal...Published: 10 Oct 2024 at 07:42hrs | 3399 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6034 | by Staff reporter
Manufacturing sector on the rise in Zimbabwe
Zimbabwe's manufacturing sector is experiencing a significant resurgence, with capacity utilization surging to 53.2 percent, driven by growth in food, tobacco, cotton, leather, timber, furniture, phar...Published: 10 Jun 2024 at 14:03hrs | 292 | by Tonderai Ndoro
RBZ freezes 522 accounts for violating exchange control regulations
The Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has frozen 522 bank accounts and fined 140 entities and individuals for violating exchange control regulations, as part of efforts to d...Published: 09 Jun 2024 at 09:08hrs | 5 | by Staff reporter
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
Zimbabweans turn to medicinal herbs
PEOPLE are flooding traditional herbal markets, as prices of prescription drugs spike and the public health delivery system deteriorates at an alarming rate under pressures from a relentless economic ...Published: 24 Mar 2024 at 18:15hrs | 5 | by Staff reporter
Basics disappear from Zimbabwe shop shelves
ZIMBABWEAN retailers are struggling to restock locally produced goods using the local unit as manufacturers and wholesalers are turning them away in favour of those that pay in the United States dolla...Published: 15 Mar 2024 at 07:19hrs | 10 | by Staff reporter
Mthuli Ncube issues chilling warning over sugar tax-linked price hikes
Finance Minister Mthuli Ncube has issued a firm warning to traders engaging in unjustified price hikes on sugary beverages, arguing that the officially gazetted tax thresholds do not warrant such exce...Published: 28 Feb 2024 at 06:31hrs | 5 | by Staff reporter
Zimbabwe treasury exposes abuse of sugar tax for profiteering
GOVERNMENT has condemned the abuse of the Beverages Sugar Content Tax and other tariff measures by some businesses that deliberately misinterpret clear policy propositions for profiteering while unjus...Published: 28 Feb 2024 at 06:27hrs | | by Staff reporter
Zimra gives small businesses tax reprieve
The Zimbabwe Revenue Authority (Zimra) has offered a six-month grace period for informal businesses to register for taxes in a move seen to boost State revenues.Revised guidelines outlining sp...Published: 30 Jan 2024 at 04:20hrs | 4 | by Staff reporter
Motswana thief causes mayhem in Zimbabwe
A suspected thief from Botswana Chakalasi Zwimbili (27) together with his Zimbabwean colleague Lucky Ncube allegedly gave wholesalers in Matebeleland torr...Published: 11 Jan 2024 at 21:47hrs | 1 | by Simbarashe Sithole
Zimbabwe exempts VAT on basic goods amid price hike concerns
The Zimbabwean government has revised taxes on basic goods, which were introduced in the 2024 national budget, amid rising price hike concerns.In a statement on Monday night, Zimbabwe's Minist...Published: 10 Jan 2024 at 05:57hrs | 7 | by Staff reporter
'Mnangagwa's govt has agreed to suspend decisions on retail and VAT'
The government may suspend its unpopular decisions on trading and Value Added Tax to give time for talks with businesses, according to a leading industry group.Finance Minister Mthuli Ncube an...Published: 07 Jan 2024 at 17:33hrs | 13 | by Staff reporter
Zimbabwe prices soar as new taxes kick in
THE year 2024 has started on a sombre note for citizens as prices of basic commodities surge in the wake of businesses implementing new government tax measures.Meat dealers have indicated that...Published: 05 Jan 2024 at 05:53hrs | 10 | by Staff reporter
'Zimbabwe to closely monitor commodity prices'
GOVERNMENT will continue to monitor basic commodity prices and availability of 14 key products to help consumers acquire essential goods at reasonable costs, Industry and Commerce minister Sithembiso ...Published: 05 Jan 2024 at 05:52hrs | 10 | by Staff reporter
Only licensed traders can purchase from manufacturers in Zimbabwe
The Zimbabwe Revenue Authority (Zimra) said on Wednesday that only licensed and tax-compliant traders can purchase from manufacturers and wholesalers in a bid to encourage tax compliance and bolster g...Published: 04 Jan 2024 at 06:02hrs | 9 | by Staff reporter
Zimra tightens screws on businesses
GOVERNMENT and the business sector are headed for a showdown after the Zimbabwe Revenue Authority (Zimra) yesterday announced a raft of tough measures limiting the formal traders' access to commoditie...Published: 04 Jan 2024 at 05:59hrs | 9 | by Staff reporter
Zimbabwean minister claims that maize meal supply guaranteed
The HeraldThe low volumes of some mealie meal brands that appeared in formal retail shops recently was just a temporary business distribution hitch not caused by any grain shortages, with mill...Published: 04 Jan 2024 at 05:55hrs | 5 | by Staff reporter
Thieving merchandiser arrested paying lobola
A Harare man had a Christmas Day to forget after he was arrested during a lobola ceremony in Pfungwe area, Mashonaland East Province.Chamunorwa Muvhuti (40), was arrested for stealing US$195 0...Published: 29 Dec 2023 at 07:05hrs | 7 | by Staff reporter
Petroleum operating licenses go up in Zimbabwe
THE Zimbabwe Energy Regulatory Authority (Zera) has slightly reviewed upwards petroleum operating licences for 2024 and has urged existing and new fuel operators to renew and submit applications....Published: 29 Dec 2023 at 07:00hrs | 8 | by Staff reporter
9 robbers shot as cops name 20 most wanted criminals
NINE suspected robbers sustained injuries after they were shot by police in Harare on Thursday in a crackdown, while the hunt is on for 20 suspects whom detectives have named as Zimbabwe's most wanted...Published: 17 Dec 2023 at 09:42hrs | 4 | by Staff reporter
ZRP unveils Top 20 most wanted criminals in Zimbabwe
The Zimbabwe Republic Police (ZRP) has released a list of the country's top 20 most wanted criminals. The individuals on this list are suspected to be involved in a range of criminal activities, from ...Published: 17 Dec 2023 at 08:12hrs | 1641 | by Mandla Ndlovu
Mthuli Ncube targets revenue from backyard chicken producers, informal businesses
Unregistered small businesses reaping profits from the country's money-spinning environment could soon find themselves elbowed out of the supply chain, finance minister Mthuli Ncube said recently, as ...Published: 04 Dec 2023 at 06:53hrs | 8 | by Staff reporter
Shortages of goods in Zimbabwe under probe
Industry and Commerce Minister Dr. Sithembiso Nyoni has addressed the artificial shortage of some essential goods in Harare's formal market, with a focus on ensuring price stability. During an engagem...Published: 25 Oct 2023 at 06:34hrs | | by Staff reporter
LP gas vendors arrested
The Zimbabwe Energy Regulatory Authority (ZERA) has reported the arrest and conviction of a minimum of 80 illegal vendors of Liquefied Petroleum Gas (LP gas) since the start of the year, along with th...Published: 23 Oct 2023 at 06:14hrs | | by Staff reporter
RBZ sweet-talks millers
The Reserve Bank of Zimbabwe Governor John Mangudya has sweet-talked millers to reduce prices of maize meal, flour and salt ahead of elections.After successfully meeting with a high-level dele...Published: 24 Jul 2023 at 20:32hrs | 4 | by Simbarashe Sithole
7 armed robbers wanted for high profile cases
SEVEN suspected armed robbers who are on police's most wanted list for committing a spate of high profile criminal cases countrywide are believed to be operating and hiding in South Africa where most ...Published: 05 Jul 2023 at 07:12hrs | 1 | by Staff reporter
Money-spinning in Zimbabwe shadow economy
WHILE local shoppers traditionally flocked to big groceries and supermarkets for bargains on consumer goods, of late, they have been trooping to "tuckshops" in downtown Harare, where basic commodities...Published: 25 Jun 2023 at 09:31hrs | 3 | by Staff reporter
Zimbabwe consumers in a fix
As Zimbabweans continue to battle with a failing economy, increases in prices of basic commodities has pushed many into abject poverty.A recent survey conducted by Standardbusiness indic...Published: 18 Jun 2023 at 08:40hrs | | by Staff reporter
GMAZ in US6 Million loss
The Grain Milling Association of Zimbabwe (GMAZ) has lost over USD 6 million over the past three months due to the continuous loss of value of the local currency.The board's chairman, Dr Tafad...Published: 14 Jun 2023 at 18:43hrs | 1 | by Desmond Nleya
Gas shortage looms in Zimbabwe
ZIMBABWE may face shortages of liquified petroleum gas (LPG) after wholesalers were ordered to have 48kg cylinders branded at short notice or have their licences cancelled.In a notice, the Zim...Published: 07 Jun 2023 at 08:42hrs | | by Staff reporter
Mthuli Ncube's import duty waiver on basic goods praised
ZIMBABWEANS have applauded the Government for lifting all restrictions on the import of basic commodities to boost market supplies and granting a 100 percent retention of domestic foreign currency ear...Published: 06 Jun 2023 at 06:17hrs | | by Staff reporter
Zimdollar's black month
THE official auction and interbank exchange rates rose by about 100% and 150%, respectively, last month marking a significant depreciation of the Zimbabwe dollar, a new report has found.At the...Published: 05 Jun 2023 at 06:53hrs | | by Staff reporter
Forex speculators to face disciplinary action
THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against bus...Published: 23 May 2023 at 06:34hrs | 1 | by Staff reporter
Zimbabwe industry frets over suspension of import duty
CAPTAINS of industry in Zimbabwe are sweating over the recent suspension of import duty and import value-added tax (VAT) on 10 basic groceries saying this was tantamount to exporting jobs and killing ...Published: 15 May 2023 at 19:01hrs | 1 | by Staff reporter
Zimbabwe central bank confident of price stability
ABOUT $40 billion, some of which could have found its way onto the black market, has been mopped up from the market in less than 10 months through gold coins and gold-backed digital tokens, in a devel...Published: 14 May 2023 at 11:32hrs | | by Staff reportetr
List of duty-free goods released
Import duty and import VAT was suspended yesterday on 10 basic goods: maize meal, rice, milk, flour, salt, cooking oil, petroleum jelly, toothpaste, bath soap and washing powder.The suspension...Published: 13 May 2023 at 18:25hrs | 1 | by Staff reporter
Mnangagwa's govt to investigate the latest spate of basic commodity price hikes
A CABINET committee has been set up to investigate the latest spate of basic commodity price increases as Government moves to ensure corrective measures are taken to protect consumers. The int...Published: 10 May 2023 at 05:57hrs | 5 | by Staff reporter
Marvo Stationery saga rages on...10 years later
The Marvo Stationary case continue to drag on and on, with new twists and turns. Since the company was sold to Mahlongonono Valela and his partners, following the death of Mr. Kates the original owner...Published: 25 Apr 2023 at 13:14hrs | 13 | by Nkululeko Nkomo
Mnangagwa commits to create investor-friendly climate
PRESIDENT Emmerson Mnangagwa yesterday said his government was working hard towards creating a conducive economic environment for foreign direct investment."My government is continually workin...Published: 14 Apr 2023 at 07:35hrs | | by Staff reporter
Mnangagwa claims that Zimbabwe is on cusp of construction boom
Zimbabwe has embarked on a major construction drive that is now evident in the housing boom the country is experiencing in residential and non-residential infrastructure, both in rural and urban space...Published: 05 Mar 2023 at 06:18hrs | 1 | by Staff reporter
Sangomas told to register
The Traditional Medical Practitioners Council of Zimbabwe (TMPCZ) has moved in to enforce regulations that will ensure all traditional medical practitioners are registered in a move to uphold Governme...Published: 01 Mar 2023 at 06:56hrs | 5 | by Staff reporter
Zimbabwe records world's highest food inflation
ZIMBABWE now has the highest food inflation rate globally which now stands at 285%, according to the latest World Bank (WB) report.The development comes after prices of basic foodstuffs and ot...Published: 16 Feb 2023 at 04:53hrs | 6 | by Staff reporter
RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 29 Jan 2023 at 07:42hrs | 9 | by Staff Reporter
Ex-ZRP, CIO and AFZ members arrested for robbery
A police officer and former members of the police office, the Air force of Zimbabwe, the Central Intelligence Organisation and seven others have been arrested for robbery.The eleven-member gan...Published: 08 Jan 2023 at 15:35hrs | 2 | by Staff reporter
Let us decongest Bulawayo CBD Now!
Bulawayo's ever-growing informal sector needs to be decongested to high density and some middle – low density areas. It is a fact that stakeholders need to check and explore something drastic or dis...Published: 15 Nov 2022 at 12:44hrs | 2 | by Michael Mdladla Ndiweni
Zimbabwe mines shut out suppliers
ZIMBABWE'S mining industry warned yesterday that domestic suppliers risked being shut out of the industry's value chain after hiking prices by 100%.The price rage involves deals in United Stat...Published: 22 Jul 2022 at 10:41hrs | 6 | by Staff reporter
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