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Make fresh interbank interventions: Industry
CAPTAINS of industry have called on authorities to make fresh interventions in the inter-bank market to ensure access to foreign currency for importation of critical raw materials for the manufacturin...Published: 09 Apr 2019 at 07:22hrs | 251 | by Staff reporter
Mangudya kills forex black market?
INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency p...Published: 20 Feb 2019 at 22:40hrs | 2962 | by Staff reporter
$19,5 million for looted businesses
GOVERNMENT will avail $19,5 million from a special fund set up to assist businesses that were looted and destroyed during last month's violent protests, a Cabinet Minister has said. Finance an...Published: 09 Feb 2019 at 07:05hrs | 346 | by Staff reporter
#ZimbabweShutDown costs economy $300m
The economy could have lost business amounting to $300 million over the three-day forced shut-down that started on Monday and ended yesterday, industrialists have said. Confederation of Zimbab...Published: 17 Jan 2019 at 00:11hrs | 533 | by Staff reporter
Chiwenga warned against interfering with business
ZIMBABWE National Chamber of Commerce (ZNCC) chief executive Chris Mugaga has warned government to stop interfering with business or risk the consequences of economic failure.He was addressing...Published: 13 Jan 2019 at 08:39hrs | 5450 | by newzimbabwe
Time to confront bloodsuckers wherever and whenever
THAT things could be on the verge of boiling over is not an overstatement, but for the "big boys" these are the best of times as they are making a killing.But it should be pointed out from the...Published: 11 Jan 2019 at 09:39hrs | 386 | by Conway Tutani
Lumumba exposes why Mnangagwa is failing
Self-styled communications strategistist William Mutumanje says President Emmerson Mnangagwa's Presidency has started on a false start and is failing. Citing four reasons that he thinks are contributi...Published: 09 Jan 2019 at 06:42hrs | 15433 | by Mandla Ndlovu
Delta debacle: Dialogue key
The debacle between Government and Delta Corporation over the latter's announcement that it intended to price its products in foreign currency, brings to the fore the dire need for a social contract b...Published: 06 Jan 2019 at 09:43hrs | 317 | by Africa Moyo
Mnangagwa's Minister to meet Delta over US dollar prices
DELTA Corporation yesterday said it would start selling all its products in foreign currency with effect from tomorrow, a decision described by the Government as unacceptable and illegal. Anal...Published: 03 Jan 2019 at 09:11hrs | 1944 | by Staff reporter
Zanu-PF seeks hero status for Matangaidze
ZANU-PF Manicaland Province has recommended that prominent Mutare businessman Mr Hlanganiso Matangaidze, who died over the weekend, be accorded provincial hero status. Mr Matangaidze died at the age o...Published: 03 Jan 2019 at 08:57hrs | 684 | by Staff reporter
Is Zimbabwe re-dollarising?
Pricing trends witnessed in recent weeks where companies are resorting to charging goods and services in US dollars have triggered debate on whether the economy is marching towards dollarisation....Published: 25 Dec 2018 at 15:26hrs | 13160 | by Staff Reporter
'Zimbabwe's tax system too complex'
A business operating in Zimbabwe will have to make at least 51 payments for it to be considered to be compliant with its tax obligations, a study of the country's tax regime has shown.According to...Published: 09 Dec 2018 at 07:11hrs | 1331 | by Staff reporter
Mnangagwa to set up advisory council
Government is ready to consider ideas and suggestions from the private sector in building the Second Republic and is in the process of setting up a business advisory council to bridge the gap between ...Published: 07 Dec 2018 at 05:25hrs | 408 | by Staff reporter
Thumbs up for Mthuli Ncube
THE cost-cutting measures announced by Finance and Economic Development Minister Professor Mthuli Ncube are expected to restore confidence in the economy while also trimming budget deficit, analysts h...Published: 03 Dec 2018 at 06:47hrs | 3197 | by Staff reporter
Mthuli Ncube to meet Bulawayo businesses
FINANCE and Economic Development Minister Professor Mthuli Ncube will meet captains of industry and commerce in Bulawayo today to explain key points of the 2019 National Budget Statement as well as cl...Published: 26 Nov 2018 at 05:57hrs | 625 | by Staff reporter
'RTGS not equal to US dollars'
The Zimbabwe national Chamber of Commerce (ZNCC) has asked Finance minister Mthuli Ncube to stop in the National Budget the use of bond notes and RTGS electronic balances, officially at par with the U...Published: 19 Nov 2018 at 12:39hrs | 3318 | by Staff reporter
ZNCC to meet over cash shortages
THE Zimbabwe National Chamber of Commerce (ZNCC) will next week host a meeting in Bulawayo to discuss the major drivers of cash shortages in the economy and proffer sustainable solutions, with Finance...Published: 02 Nov 2018 at 05:59hrs | 274 | by Staff reporter
Flooding country with imports retrogressive, says Zimbabwe industrialists
Industrialists said yesterday that the decision by Government to lift the ban on the importation of some basic commodities will cripple the revival of the manufacturing sector and threaten jobs. ...Published: 25 Oct 2018 at 06:34hrs | 1106 | by Staff reporter
Business leaders conflicted over imports ban
ZIMBABWE'S business leaders want government to suspend the Statutory Instrument (SI)22, which is meant to protect local industry from cheap and non-essential imports, to counter the growing shortages ...Published: 17 Oct 2018 at 06:46hrs | 919 | by Staff reporter
'Mthuli Ncube has de-dollarised the economy'
THE ZIMBABWE National Chamber of Commerce (ZNCC) says by introducing a separate account for foreign currency through the monetary policy statement yesterday, the central bank has finally de-dollarised...Published: 02 Oct 2018 at 09:43hrs | 1485 | by Staff reporter
Mnangagwa urged to 'Scrap bond notes'
PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrog...Published: 06 Sep 2018 at 15:46hrs | 7538 | by Staff reporter
British investors set eyes on Zimbabwe
Top British investors are reportedly taking advantage of their Prime Minister Theresa May's visit to Africa on an investment, trade and diplomatic offensive mission in the continent ahead of United Ki...Published: 03 Sep 2018 at 07:11hrs | 1651 | by Staff reporter
Zimbabwe to benefit from $10 billion Brexit war chest
Top British investors are reportedly taking advantage of their Prime Minister Theresa May's visit to Africa on an investment, trade and diplomatic offensive mission in the continent ahead of United Ki...Published: 02 Sep 2018 at 08:51hrs | 627 | by Staff reporter
Red flag over govt spending
Business leaders have expressed doubts that government's fiscal indiscipline will end any time soon, warning the persistent build-up in the imbalances will dampen Zimbabwe's economic prospects over th...Published: 19 Aug 2018 at 06:50hrs | 462 | by Staff reporter
Mnangagwa walks tight Cabinet rope
PRESIDENT Emmerson Mnangagwa can fortify his push to implement key reforms in the post-poll period by appointing a mixture of technocrats and deserving politicians from all political parties into Cabi...Published: 09 Aug 2018 at 19:08hrs | 10770 | by Staff reporter
Industry frets over violence
INDUSTRIALISTS have expressed concern over the political violence that gripped the country on Wednesday, saying it was a step in the wrong direction at a time the country has embarked on a massive gro...Published: 03 Aug 2018 at 07:07hrs | 368 | by Staff reporter
Chiwenga claims there is great optimism for Zimbabwe's economy
ACTING President Dr Constantino Chiwenga says there is great optimism for Zimbabwe's economy under the new political administration, which has revitalised business growth.Dr Chiwenga was speak...Published: 03 Jul 2018 at 06:54hrs | 169 | by Staff reporter
'Cash crisis to end soon'
The cash crisis will soon be "a thing of the past" as various measures are being pursued to bring sanity within the banking sector, Vice President Constantino Chiwenga has said.In a speech rea...Published: 29 Jun 2018 at 08:01hrs | 1816 | by Staff reporter
US dollar black market rate soars
A crazed pre-election demand for the United States dollar has pushed the black market premium to an all-time high as shortages of foreign exchange fuels a roaring currency black market now driving up ...Published: 28 Jun 2018 at 16:11hrs | 5753 | by Staff reporter
Mnangagwa snubs Hwange supporters
PRESIDENT Mnangagwa who was supposed to address a rally in Hwange soon after presiding over a ground-breaking ceremony at the Zimbabwe Power Company expansion project decided to snub his supporters an...Published: 27 Jun 2018 at 15:48hrs | 1396 | by Ndou Paul
Mnangagwa cancels Hwange Rally
President Emmerson Mnangagwa has cancelled a rally he was set to address in Hwange amid reports that he has opted to meet the business community in Victoria Falls."Please be advised that Presi...Published: 27 Jun 2018 at 15:05hrs | 3741 | by Byo24News Reporter
RBZ told to 'delegate forex allocation to banks'
THE Reserve Bank of Zimbabwe should abandon its foreign currency allocation framework and delegate the role to individual banks as this gives the impression of a distorted economy, the Zimbabwe Nation...Published: 19 Jun 2018 at 06:56hrs | 370 | by Staff reporter
Musakwa wins big at business awards
THE owner of Oakleigh House School in Beitbridge, Mrs Sikathele Musakwa, was the toast of the day at the Zimbabwe National Chamber of Commerce (ZNCC) Matabeleland Annual Business Awards ceremony held ...Published: 10 Jun 2018 at 09:27hrs | 223 | by Staff reporter
Zimbabwe makes headway in Ease of Doing Business
VICE-PRESIDENT Kembo Mohadi said the Government continues to explore various measures to improve the Ease of Doing Business as it forges ahead to promote economic growth and development in the country...Published: 10 Jun 2018 at 09:26hrs | 447 | by Staff reporter
Zimbabwe braces for price increases, shortages
As the country hurtles towards the watershed national elections, struggling companies are warning of steep price increases and debilitating shortages of basic goods due to Zimbabwe's worsening foreign...Published: 14 May 2018 at 07:51hrs | 1389 | by Staff reporter
Industry challenges Mnangagwa
LOCAL industry says government should create a conducive environment for the sector to up capacity utilisation.The call was in response to President Emmerson Mnangagwa, who recently exhorted "...Published: 06 May 2018 at 10:12hrs | 254 | by Staff reporter
Mnangagwa's looters list backfires
President Emmerson Mnangagwa's decision to name and shame companies alleged to have externalised funds and assets has turned into a nightmare for local companies that are being snubbed by potential su...Published: 31 Mar 2018 at 10:59hrs | 1919 | by Staff reporter
Business tackles Mnangagwa over forex list
Several companies that were last week named as having externalised foreign currency have approached government challenging the list which has strained the relationship between authorities and business...Published: 27 Mar 2018 at 10:13hrs | 1834 | by Staff reporter
Zimbabwe's $4,2bn game changer, 90 000 jobs, timelines given
WHILE the market is still digesting the meaning and implications of the $4, 2 billion platinum deal that was sealed by Government on Thursday last week, judging by the envisaged scope and scale of the...Published: 25 Mar 2018 at 08:41hrs | 442 | by Staff reporter
Business cries foul over Mnangagwa's 'looters' list
BUSINESS organisations yesterday expressed displeasure over the inclusion of some of their members on the list of foreign currency externalisers.On Monday, President Emmerson Mnangagwa named a...Published: 21 Mar 2018 at 05:31hrs | 558 | by Staff reporter
Skyz Metro VS Khulumani FM whose gonna survive?
WHO'S gonna survive!The introduction of Khulumani FM in Bulawayo to rival Skyz Metro has been welcomed by the locality as it will cater for more local content.Owned by the Zimbabwe Bro...Published: 09 Mar 2018 at 06:17hrs | 962 | by Staff reporter
Faith-Based Organisations Key to Securing Equity and Justice for All - Cynthia Hakutangwi
Top Female Innovative Business Leader of the Year, Award-winning (Women's Leadership Awards, WOLA 2016), Cynthia Chirinda-Hakutangwi, is rated Zimbabwe's finest and youngest woman on the rise, and who...Published: 07 Mar 2018 at 18:30hrs | 385 | by Maxwell Kudzika-Teedzai
Zimbabwe reaches out to foreign investors
A HIGH-POWERED Zimbabwean delegation will be off to London next week for a conference, as the investment-starved country moves to lure foreign investors.The two-day Zimbabwe London Investment ...Published: 07 Mar 2018 at 05:33hrs | 1421 | by Staff reporter
Zimbabwe fuel still remains highest in Sadc
Fuel costs in Zimbabwe are still much higher than anywhere else in the region even after government decreed fuel retailers to cut the price of petrol and diesel by up to 7,5 percent after a tax cut, e...Published: 31 Jan 2018 at 10:39hrs | 1401 | by Staff reporter
Qhubani Moyo on life behind the scenes
IN 2015, Qhubani Moyo was appointed Chief Executive Officer of Skyz Metro FM, Bulawayo's first independent commercial radio station.Moyo has long been associated with radio, having been part o...Published: 28 Jan 2018 at 08:10hrs | 702 | by Allan Foti
Government seeks solution to stop price hikes
Government is engaging the manufacturing and retail sectors with a view to establishing their operational challenges, which have recently resulted in arbitrary price increases that are beyond the reac...Published: 26 Dec 2017 at 18:39hrs | 3061 | by Staff Reporter
Bread reverts to old price
Bakeries will with effect from tomorrow revert to the old price of bread, as the government takes further steps to halt the unjustified price increases in the economy. ...Published: 18 Dec 2017 at 13:19hrs | 5793 | by Staff Reporter
Mnangagwa's acid test
PRESIDENT Emmerson Mnangagwa's new administration faces its first stern test when it presents the 2018 National Budget next week.Tackling hostile investment laws, a growing current account def...Published: 30 Nov 2017 at 15:55hrs | 2489 | by Staff reporter
'Kill the vices of procrastination'
We publish the opening remarks by Speaker of The National Assembly Advocate Jacob Mudenda last week at the Pre-Budget Seminar in Victoria Falls. The seminar ends today.Let me start by extendin...Published: 12 Nov 2017 at 07:36hrs | 113 | by Advocate Jacob Mudenda
Zimbabwe losing $2.5 billion annually to smuggling
The fiscus is losing $2,5 billion annually to smuggling of goods, the Zimbabwe National Chamber of Commerce (ZNCC) has said. In an analysis of Zimbabwe's thriving informal sector, which is app...Published: 01 Nov 2017 at 06:14hrs | 302 | by Staff reporter
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