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Zimbabwe ruling elite should declare their sources of wealth
To say I was shocked would be an understatement when I came across a report detailing the extraordinary wealth of Zimbabwe's ruling elite. The report claimed that President Emmerson Mnangagwa ...Published: 24 Dec 2024 at 12:53hrs | 649 | by Tendai Ruben Mbofana
Rwodzi deploys tourism reception lieutenants to improve Zim hospitality
In her quest to continuously brand Zimbabwe as the premier tourism destination, Tourism and Hospitality Industry Minister, Barbara Rwodzi has deployed her deputy (Tongai Mnangagwa) and other executive...Published: 19 Dec 2024 at 17:05hrs | 1365 | by Gideon Madzikatidze/Simbarashe Sithole
NRZ to auction scrap wagons and passenger coaches across Zimbabwe
The National Railways of Zimbabwe (NRZ) has announced plans to dispose of 422 scrap wagons and several decades-old passenger coaches, located in Bulawayo, Harare, and other sites across the country. T...Published: 17 Dec 2024 at 06:33hrs | 1411 | by Staff reporter
CCC MP faces legal setback in challenge against wealth tax
Marondera Central opposition legislator Mr. Caston Matewu has suffered a legal defeat in his attempt to challenge the Government's wealth tax, which was introduced in the 2024 National Budget and has ...Published: 17 Dec 2024 at 06:30hrs | 337 | by Staff reporter
Zinwa financial rot exposed
An external audit conducted by Grant Thornton has raised serious concerns about the financial management at the Zimbabwe National Water Authority (Zinwa), revealing significant irregularities in its r...Published: 14 Dec 2024 at 12:35hrs | 2141 | by Staff reporter
Victoria Falls auctioneer convicted of fraud over Zimra vehicles
A Victoria Falls auctioneer, his company, and their accountant have been convicted of fraud after illegally selling vehicles belonging to the Zimbabwe Revenue Authority (Zimra). Jeffrey Mubaiwa, the d...Published: 14 Dec 2024 at 10:31hrs | 162 | by Staff reporter
Zanu-PF's Matutu in suspected US$150,000 fraud
Former Zanu-PF youth leader Lewis Matutu appeared before Harare Magistrate Isheanesu Matova on Tuesday, accused of stealing shares from a local mining company, Shusib Investments. Matutu was remanded ...Published: 11 Dec 2024 at 14:10hrs | 1771 | by Staff reporter
Zimbabwe wants 26% free-carry stake in new mining projects
Zimbabwe is planning to hold 26% of new mining projects on a free-carry basis, and will also negotiate with existing operators to acquire a similar stake."We need to move to a level where we r...Published: 11 Dec 2024 at 13:31hrs | 197 | by Staff reporter
NatFoods bemoans limited ZWG acceptability
Zimbabwe's listed food manufacturer, National Foods (NatFoods), has expressed concern over the limited acceptability of the Zimbabwe Gold (ZWG) as a medium for sourcing raw materials, highlighting the...Published: 10 Dec 2024 at 07:09hrs | 719 | 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 | 946 | by Staff reporter
CBZ blocked from increasing FMHL stake
CBZ Holdings has confirmed that it will not proceed with its planned buyout of minority shareholders in First Mutual Holdings Limited (FMHL), following a decision by the Competition and Tariff Commiss...Published: 10 Dec 2024 at 06:52hrs | 209 | by Staff reporter
4 banks quit in South Africa in 2024
BNP Paribas, HSBC, Sasfin Bank, and Bidvest Bank have all announced massive changes to their South African operations in 2024.French-based BNP Paribas was the first bank of the four to announc...Published: 09 Dec 2024 at 15:19hrs | 777 | by Staff reporter
Woman loses bid to block sale of trust property
A Harare woman, Ms. Tariro Lebogang Mutenda, has lost her legal battle to prevent businessman Mr. Upenyu Mashangwa from selling a Borrowdale Brooke property to settle a debt of over US$1.6 million....Published: 06 Dec 2024 at 06:26hrs | 459 | by Staff reporter
'John Moxon tried to sell Victoria Falls Hotel stake without board approval'
Tensions at Meikles Limited have reached a boiling point, as a group of four directors has accused the company's non-executive chairman, John Moxon, of attempting to sell the group's 50% stake in the ...Published: 04 Dec 2024 at 09:21hrs | 1727 | by Staff reporter
Ecobank reopens Parkade branch after $4 million heist
Ecobank Zimbabwe has reopened its Parkade branch in Bulawayo's Central Business District (CBD) after a two-month closure following a shocking armed robbery. The October 3 heist, described as Zimbabwe'...Published: 04 Dec 2024 at 06:40hrs | 156 | by Staff reporter
ZANU-PF corruption and mismanagement have turned Air Zimbabwe into an international embarrassment
This once-proud national airline, which began its journey in 1980 with a modern fleet inherited from Air Rhodesia, is now a global laughingstock, a shadow of its former self. At independence, ...Published: 02 Dec 2024 at 23:21hrs | 1301 | by Tendai Ruben Mbofana
Zimbabwe forex receipts jumps 17.9% to $10 billion in 2024
Zimbabwe recorded a remarkable 17.9% increase in foreign currency receipts in the first nine months of 2024, reaching US$10 billion compared to US$8.5 billion during the same period in 2023. This grow...Published: 02 Dec 2024 at 07:17hrs | 91 | by Staff reporter
SA-based Diaspora Kapita to issue US$10m bond in Zimbabwe
South Africa-based investment holding firm Diaspora Kapita (DK) is set to make waves in the Zimbabwean financial landscape as it prepares to list on the Victoria Falls Stock Exchange (VFEX) and raise ...Published: 02 Dec 2024 at 07:16hrs | 193 | by Staff reporter
Zimbabwe govt to approve land transfers under new tenure system
The Zimbabwean Government is in the process of crafting a new land tenure system aimed at enhancing the bankability and ownership rights of agricultural land, while ensuring local control over this vi...Published: 01 Dec 2024 at 12:17hrs | 630 | by Staff reporter
NetOne duped US$133,000 by auction dealer
Jeffery Mubaiwa, the director of JEFFM Auctions, appeared before Harare magistrate Apollonia Marutya on Thursday, facing charges of fraud after allegedly defrauding mobile network operator NetOne Priv...Published: 30 Nov 2024 at 13:03hrs | 72 | by Staff reporter
Private sector efficiency: South Africa's Murray & Roberts enters business rescue
Murray & Roberts (M&R) Limited has entered business rescue due to a severe cash crunch in its South African operations. The company, whose shares have fallen 64% recently, is also look...Published: 24 Nov 2024 at 15:40hrs | 2034 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 253 | by Staff reporter
Construction thrives in Zimbabwe
Zimbabwe's construction sector is on the rebound despite the effects of currency volatility and an uncertain monetary policy framework.Piniel Mkushi, chairman of Cafca - the only cable manufac...Published: 22 Nov 2024 at 17:18hrs | 3180 | by Staff reporter
Former radio 2 DJ appeals for help
Former Zimbabwe Broadcasting Corporation (ZBC) Radio 2 presenter Simon Pashoma Ncube has made a public appeal for financial assistance to prominent businessman and tenderpreneur Wicknell Chivayo. The ...Published: 19 Nov 2024 at 13:41hrs | 769 | by Staff reporter
NMBZ turns to Rabobank for agric financing
NMBZ Holdings Limited, a leading financial services group, has announced a strategic partnership with Rabobank, a Dutch multinational specializing in banking and financial services, to implement an en...Published: 19 Nov 2024 at 08:49hrs | 219 | 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 | 332 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 583 | by Tendai Ruben Mbofana
Gold glitters as Caledonia's profit after tax jumps 872%
Caledonia Mining Corporation Plc, listed on the Victoria Falls Stock Exchange, has reported a remarkable 872% rise in profit after tax to US$16.45 million for the nine months ending September 30, 2024...Published: 12 Nov 2024 at 10:57hrs | 133 | by Staff reporter
Council in US$2,1m billing system storm
The Harare City Council recently bypassed a locally-developed enterprise resource planning (ERP) system, opting instead to pay US$2.1 million to a foreign vendor, prompting public criticism. The rejec...Published: 11 Nov 2024 at 07:02hrs | 151 | by Staff reporter
Gappah's properties worth $18k attached over Mahere defamation
Renowned author Petina Gappah has had her property seized by bailiffs after losing a defamation lawsuit filed by lawyer Fadzayi Mahere. Gappah was ordered to pay US$18,000 in damages after a series of...Published: 09 Nov 2024 at 17:18hrs | 508 | by Staff reporter
Mnangagwa extends Harare probe team's tenure
President Emmerson Mnangagwa has extended the tenure of the Commission of Inquiry investigating the governance of Harare City Council (HCC) by three months, allowing it more time to complete its probe...Published: 09 Nov 2024 at 17:07hrs | 65 | by Staff reporter
Mnangagwa lauds land reform programme beneficiaries
President Emmerson Mnangagwa has commended Zimbabwean farmers who benefitted from the country's controversial land reform programme, highlighting their success in transforming farming into business ve...Published: 08 Nov 2024 at 07:07hrs | 171 | by Staff reporter
NATO rival warns of new 'nuclear arms race'
A decision to deploy long-range missiles in Western Europe could trigger a new nuclear arms race, Collective Security Treaty Organization (CSTO) Secretary-General Imangali Tasmagambetov has warned....Published: 07 Nov 2024 at 16:01hrs | 793 | by Staff reporter
Windfall for 33,000 pensioners
The Mining Industry Pension Fund (MIPF) is preparing to compensate pensioners who lost benefits during Zimbabwe's hyperinflationary period between 2006 and 2009. The initiative comes amid reports that...Published: 04 Nov 2024 at 06:49hrs | 4327 | by Staff reporter
Dr Nkululeko Sibanda's assets to be forfeited
The National Prosecuting Authority of Zimbabwe (NPAZ) has filed a High Court application to seize properties worth millions of dollars from the estate of the late businessman Dr. Nkululeko Sibanda, ac...Published: 03 Nov 2024 at 10:03hrs | 3296 | by Staff reporter
Cigarette stub started fire that destroyed NRZ coaches
The National Railways of Zimbabwe (NRZ) has confirmed that a cigarette stub caused a devastating fire that destroyed 40 decommissioned coaches at its main station in Bulawayo in September. The inciden...Published: 30 Oct 2024 at 07:58hrs | 233 | by Staff reporter
Estranged wife wins landmark judgment
In a landmark judgment, Petronella Tendai Militala, a 56-year-old woman, has secured a significant victory in the High Court, awarding her a share of her estranged late husband’s estate valued at mo...Published: 29 Oct 2024 at 11:46hrs | 1834 | by Staff reporter
Choppies mulls Zimbabwe exit
Botswana-based retailer Choppies Enterprise Limited is contemplating a withdrawal from the Zimbabwean market, citing significant financial pressure stemming from the instability of the newly introduce...Published: 29 Oct 2024 at 07:44hrs | 6757 | by Staff reporter
Ramaphosa's goons go after Dali Mpofu over 'unpaid personal tax'?
The taxman is knocking on the door of South Africa's well-known legal eagle, advocate Dali Mpofu, demanding more than R2-million from him in unpaid personal income tax.News that the South Afri...Published: 28 Oct 2024 at 07:57hrs | 8250 | by Staff reporter
Zimbabwe targets 7 sectors for import substitution
In a bid to reduce reliance on imports and boost local industry, Zimbabwe has identified seven key sectors for import substitution.The country's short-term manufacturing blueprint, the Zimbabw...Published: 24 Oct 2024 at 12:51hrs | 737 | by Staff reporter
SAA struggling to get over US$50 million out of Zimbabwe
South African Airways (SAA) said it was still struggling to get over US$50 million out of Zimbabwe.Equating roughly to around R1 billion, Parliament's Standing Committee on Public Accounts (SC...Published: 24 Oct 2024 at 08:06hrs | 1233 | by Staff reporter
Mnangagwa shields Ruwa Local Board assets from seizure, sale
President Emmerson Mnangagwa has exercised his emergency powers to protect the assets of the Ruwa Local Board from sale and seizure, responding to a dire situation that threatens the well-being of the...Published: 23 Oct 2024 at 07:51hrs | 235 | by Staff reporter
NPA clears 69 708 criminal cases
The National Prosecuting Authority (NPA) of Zimbabwe successfully cleared 69,708 out of 101,112 cases between January and September 2024, marking a significant achievement in the country's judicial sy...Published: 23 Oct 2024 at 07:44hrs | 54 | by Staff reporter
South Africa is ruled by individuals who happen to wear robes
Apartheid was "legal". Jim Crow laws in the US were "legal". Colonialism was "legal". Even the Nazis were "legal". So, what does it mean to have the rule of law? And whose law is it anyway?In ...Published: 22 Oct 2024 at 10:38hrs | 644 | by Lindiwe Sisulu
Mnangagwa stalling the return of ZPRA properties
President Emmerson Mnangagwa is intentionally delaying the return of properties confiscated from ZPRA veterans, according to Andreas Ethan Mathibela, a faction leader of the Zimbabwe National Liberati...Published: 21 Oct 2024 at 14:42hrs | 1495 | by Staff reporter
Is Zimbabwe about to create land oligarchs?
The government, through Information minister Jenfran Muswere, has announced a significant shift in land policy, declaring that state land, previously offered to local indigenous people under the "land...Published: 21 Oct 2024 at 11:06hrs | 705 | by Admire Maparadza Dube
Ex-top Zimbabwe govt official accused of grabbing farm equipment
Former diplomat and ex-permanent secretary Joey Bimha is embroiled in a legal dispute concerning allegations of improperly seizing farming equipment from his former business partner, Sebastian Hugh Zi...Published: 20 Oct 2024 at 14:14hrs | 4436 | by Staff reporter
BRICs payment system being tested
A new digital payments system, BRICS Pay, debuted for live testing at this week's BRICS Business Forum at the International Trade Center in Moscow.During the trial - on 17 and 18 October - for...Published: 19 Oct 2024 at 15:54hrs | 1751 | by Staff reporter
Lobola confusion hits Zimbabwe
The 2022 Marriage Act, which consolidates previous separate laws on civil and customary marriages, has sparked widespread misinformation on social media, prompting clarification from Justice, Legal, a...Published: 19 Oct 2024 at 12:08hrs | 28966 | by Staff reporter
Divorcee ordered to stay with estranged wife
The High Court of Harare has ruled in favor of Sarah Madzura, a divorced woman from Chegutu, ordering her estranged husband, Onias Gotora, to allow her to remain in the family home following an evicti...Published: 18 Oct 2024 at 08:45hrs | 392 | by Staff reporter
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