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Mthuli Ncube secured $500 million loan using platinum as collateral?
Bloomberg has reported that the much hyped $500 million loan that is supposed to be injected in the market from Tuesday was acquired from the African Export-Import Bank by offering platinum prod...Published: 20 May 2019 at 21:57hrs | 2369 | by Mandla Ndlovu
Biti wants Zimbabwe to redollarise
THE crippling fuel and power shortages facing Zimbabwe are likely to get worse if government fails to deal with price distortions on the market, former Finance minister Tendai Biti has said.Sp...Published: 20 May 2019 at 16:40hrs | 2091 | by Staff reporter
Hwange Power Station funding under threat
Zimbabwe might face challenges accessing the US$1 billion loan facility from China Eximbank for Hwange Power Station expansion following the change of functional currency that resulted in funds that w...Published: 20 May 2019 at 06:28hrs | 495 | by Staff reporer
ANC (South Africa) and Gukurahundi
Amhlophe to the African National Congress for resoundingly winning another term under President Cyril Ramaphosa. There is an obligation for South Africa to avoid the tribal and racist path of ot...Published: 19 May 2019 at 09:47hrs | 1520 | by Sihle Ndlovu
Bulawayo City Council to repossess 2 000 stands
THE Bulawayo City Council has resolved to advertise with the intention to repossess and auction more than 2 000 properties including residential stands that have gone for between five to 50 years with...Published: 19 May 2019 at 09:13hrs | 6114 | by Staff reporter
ZESA sue Minister for $414k – load shedding is collective punishment for untouchables' sins
The tragedy in Zimbabwe is that those who can least afford it have again and again been forced to subsidise the filthy rich. One prime example is Finance Minister, Mthuli Ncube's 2% tax on all electro...Published: 18 May 2019 at 20:25hrs | 3054 | by Patrick Guramatunhu
Zimbabwe economy is literary dead, Where is Mnangagwa?
The continued recycling of failed ministers is a clear sign that Zimbabwe Govt is buffeted by lack of cohesion, Zanu is buffeted by lack of incapacitation to deal with the current situation, it is buf...Published: 18 May 2019 at 18:28hrs | 5085 | by Tinashe Eric Muzamhindo
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 18 May 2019 at 18:23hrs | 415 | by Victor Bhoroma
Cops rob farmer at gunpoint
THREE police officers who used a service pistol to rob a Chipinge farmer of his household property following a failed macadamia nuts deal have been hauled before the courts on robbery charges....Published: 18 May 2019 at 10:36hrs | 1397 | by Staff reporter
Zesa pursues Mnangagwa ally over $414,000 electricity debt
The Zimbabwe Electricity Supply Authority (ZESA), which announced rolling power cuts early this week, is owed millions of dollars by top government officials.Reduced electricity production at ...Published: 18 May 2019 at 10:20hrs | 1345 | by ZimLive
Zimbabwe's CSC sold to a UK briefcase company?
I'm sure by now we have all heard that the government has sold our national beef processing company, the Cold Storage Company, to a "UK Beef Giant". Thankfully, Zimbabweans were quick to point out tha...Published: 18 May 2019 at 07:56hrs | 529 | by Online
RTGS$ is our domestic currency, says Mthuli Ncube
FINANCE minister Mthuli Ncube yesterday told Parliament that his midterm budget statement earmarked for July will be announced in RTGS dollars as opposed to United States dollars which was the currenc...Published: 17 May 2019 at 17:26hrs | 3405 | by Staff reporter
US shows hand in potential destabilisation of Zimbabwe
The United States of America (USA)'s latest "Zimbabwe Travel Advisory" to Americans intending to visit Zimbabwe, and those in Zimbabwe, is couched as a routine cautionary statement, yet it is laden wi...Published: 17 May 2019 at 06:22hrs | 2161 | by Staff reporter
Zimbabwe's white farmers: Who will pay compensation?
In Zimbabwe, thousands of white farmers were forced from their farms, sometimes violently, between 2000 and 2001 under a government programme of land reform. The seizures were blamed for destroying Zi...Published: 16 May 2019 at 20:25hrs | 1743 | by BBC
SA sets tough terms on US$1.2bn Zimbabwe loan request
Zimbabwe's debt-ridden government is in a dilemma after South Africa asked her northern neighbour to securitise mineral proceeds in exchange for a US$1,2 billion (R17billion) bailout package, it...Published: 16 May 2019 at 07:21hrs | 3762 | by Staff reporter
Terrence Mukupe faces jail over debt
Former Finance deputy minister Terrence Mukupe is facing jail over a US$24 237 debt after Quality Insurance Company approached the High Court seeking an order to have him caged over a 2012 debt....Published: 16 May 2019 at 07:09hrs | 1229 | by Staff reporter
BCC to give residents 30-day rates objection period
RESIDENTS still have a chance to reject the increase of rates by the Bulawayo City Council as the local authority has to wait for a 30-day objection period before sending the proposal to Government fo...Published: 16 May 2019 at 06:43hrs | 529 | by Staff reporter
Zimbabwe's beef industry stampedes back to life
After more than a decade in limbo, beef farmers are back in business Zimbabwe's famed beef industry, which collapsed in the 2000s following outbreaks o...Published: 15 May 2019 at 20:50hrs | 1847 | by Ray Mwareya
Chamisa faces Mnangagwa puzzle
The recent High Court ruling by Justice Edith Mushore has given MDC Alliance leader Nelson Chamisa a scenario more or less similar to the debacle President Emmerson Mnangagwa is currently battling ove...Published: 15 May 2019 at 10:08hrs | 11227 | by Wisdom Mumera
Zimra moves on amnesty headache
The Zimbabwe Revenue Authority (ZIMRA) is working on legislation which will help the tax collection agency reconcile recent tax amnesty transactions amid revelations that business is losing millions i...Published: 15 May 2019 at 09:30hrs | 1185 | by Staff reporter
Nature and function of 'Alien Spirits' in the Shona/Ndebele traditional religion
Explain the nature and function of Alien Spirits in the Shona\Ndebele Traditional Religion.The concept of God, divinities and spirits in African traditi...Published: 15 May 2019 at 08:19hrs | 480 | by Brian Maregedze
How Mnangagwa's government is perpetuating fuel crisis
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase.Amid the outrage and riots which followed, one important detail went larg...Published: 15 May 2019 at 08:11hrs | 1638 | by newZWire
UK beef giant takes over CSC
CABINET has approved a joint venture between the Cold Storage Company (CSC) and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the investor injecting US$130 million into the meat ...Published: 15 May 2019 at 07:28hrs | 2250 | by Staff reporter
How Mugabe destroyed Zimbabwe
What do Slobodan Milosevic, Robert Mugabe, and Nicolás Maduro have in common? Other than being leaders who kept the Communist Manifesto at their bedside, all three ushered in devastating hyperinflati...Published: 14 May 2019 at 10:14hrs | 5282 | by Prof. Steve Hanke
Mnangagwa's Zanu-PF fearful of mass demos
President Emmerson Mnangagwa's ruling Zanu-PF party is struggling to deliver on its election promises, nearly 10 months after winning a controversial election in July last year and says it is scared s...Published: 13 May 2019 at 09:07hrs | 9609 | by Staff reporter
SA company wants MDC-T garnished over R4m debt
A SOUTH African wholesale textile company and a Bulawayo garment manufacturing firm which supplied MDC-T with 200 000 T- shirts and head scarves in 2008 have approached the High Court seeking an order...Published: 13 May 2019 at 08:46hrs | 803 | by Staff reporter
Chiwenga, Mohadi's mega salaries exposed
Zimbabwe's two vice-presidents earn a staggering $14 000 a month each at a time the government is struggling to pay civil servants a living wage, it has been revealed.President Emmerson Mnangw...Published: 12 May 2019 at 23:22hrs | 6938 | by Staff reporter
Mnangagwa's mixed messages
It is ironic that Information Minister Monica Mutsvangwa happened to be in London spreading the 'Zimbabwe open for business' message when it was announced in Harare that draconian power cuts are being...Published: 12 May 2019 at 23:13hrs | 847 | by Zimbabwe Vigil Diary
Explain the nature and function of Alien Spirits in the Shona\Ndebele Traditional Religion
Advanced Level Family and Religious Studies: Nature and Function of Alien Spirits in the Shona/Ndebele Traditional Religion The concept of God, diviniti...Published: 12 May 2019 at 08:29hrs | 2174 | by Brian Maregedze
Tsvangirai's widow appeals sentence
A BULAWAYO woman Aquilinia Kayidza Pamberi, who at one time was among different women suspected to be in a relationship with the late MDC-T leader Mr Morgan Tsvangirai, has challenged a court's decisi...Published: 12 May 2019 at 06:51hrs | 1614 | by Staff reporter
Govt takes over Air Zimbabwe's $300m debt
The government is expected to finalise the takeover of more than $300 million in debts owed to creditors by struggling national airline, Air Zimbabwe, by June.Transport and Infrastructure Deve...Published: 12 May 2019 at 06:28hrs | 419 | by Staff reporter
Zanu-PF MP in trouble over fertilizer debt
Zanu-PF legislator for Bindura South Remigious Toendepi Mutangira has been dragged to court by a fertilizer and chemical manufacturing firm which is seeking over $18 063 for services rendered to him a...Published: 11 May 2019 at 15:00hrs | 1148 | by Staff reporter
'Zimbabwe farm compensation to cost at least US$10bn'
GOVERNMENT'S decision to offer RTGS$53 million in compensation to white farmers who were dispossessed of their land has been met with mixed reactions. While some of the ex-farmers who are now in dire ...Published: 10 May 2019 at 14:10hrs | 419 | by Staff reporter
'Mthuli Ncube blocks US$5bn deal'
UNITED Kingdom-based financial services consultancy ICG Capital and Finance Corp has singled out Finance minister Mthuli Ncube as the biggest obstacle stalling the finalisation of a US$5 billion debt ...Published: 10 May 2019 at 13:57hrs | 5153 | by Staff reporter
Mugabe's farm equipment auctioned
Former president Robert Mugabe's farm equipment and vehicles are set to go under the hammer in what could signal a collapse of the once thriving diversified business empire. A local auction fi...Published: 10 May 2019 at 06:56hrs | 1786 | by Staff reporter
Bulawayo resumes water disconnections
THE Bulawayo City Council has reintroduced water disconnections with immediate effect in a bid to force defaulting residents and businesses to clear arrears amounting to $100 million. Councill...Published: 10 May 2019 at 06:51hrs | 269 | by Staff reporter
Prophet Magaya fails to repay $23 million loan
PROPHETIC Healing and Deliverance (PHD) Ministries leader Walter Magaya and his wife, Tendai, have been taken to the High Court for failure to repay a US$23 million loan to Homelink Finance (Private) ...Published: 10 May 2019 at 06:43hrs | 1049 | by Staff reporter
Sanctions on Zimbabwe not to blame, says USAID chief
Zimbabwe is creating a straw-man by blaming sanctions for the lack of investment and a failing economy, a top official with the United States Agency for International Development (USAID) says....Published: 07 May 2019 at 08:38hrs | 2909 | by ZimLive
Mugabe's minister loses property over debt
Former Health deputy minister, Edwin Muguti has lost his property after failing to settle a $19 277 rent bill to the Communications and Allied Industries Pension Fund (CAIPF), owners of a building whi...Published: 07 May 2019 at 07:56hrs | 1750 | by Staff reporter
Mugabe's ex-general manager faces jail over debt
Seed Co Zimbabwe (Pvt) Ltd, has approached the High court seeking an order to commit the ex-general manager of former President Robert Mugabe's Gushungo Holdings, Stanley Nhari to prison after his fai...Published: 07 May 2019 at 07:50hrs | 678 | by Staff reporter
'Bad deals raise Govt liabilities'
Individuals with the right skills should be involved in the negotiations for deals or loans as badly negotiated deals are giving Treasury long-term accounting problems, Finance and Economic Developmen...Published: 07 May 2019 at 07:39hrs | 134 | by Staff reporter
Mnangagwa's Zanu-PF admits failure
President Emmerson Mnangagwa's ruling Zanu-PF party is struggling to deliver on its election promises, nearly 10 months after winning a controversial election in July last year.Riding on the c...Published: 05 May 2019 at 17:19hrs | 16461 | by Staff reporter
Tsvangirai 'widow' faces jail
A Bulawayo woman Aquilinia Kayidza Pamberi, who at one time was among different women suspected to be in a relationship with the late MDC-T leader Mr Morgan Tsvangirai, is facing jail after a Bulawayo...Published: 05 May 2019 at 12:21hrs | 6646 | by Staff reporter
Banana's widow gets windfall
THE widow of former Zimbabwean President Canaan Sodindo Banana, Mrs Janet Madade Banana has started receiving her pension, as promised by Government.President Emmerson Mnangagwa, last month or...Published: 05 May 2019 at 12:20hrs | 5844 | by Staff reporter
Bulawayo Power station ownership transferred illegally without council knowledge
THE dispute between the Bulawayo City Council and the Zimbabwe Power Company over the ownership of the Bulawayo Power Station has taken a dramatic twist after it emerged that title deeds to the disput...Published: 05 May 2019 at 12:20hrs | 4174 | by Staff reporter
Mugaba denies links with Mugabe sons
The persisting economic hardships bring no joy to the showbiz industry with a number of local arts promoters raising red flags over the situation, which they say has brought misery to the creative sec...Published: 05 May 2019 at 10:53hrs | 12667 | by Staff reporter
Chatunga's advisor' speaks out
What is Entertainment Republic? Who is Max Mugaba? And what is their relationship to former president Robert Mugabe's "play boys" Chatunga Bellarmine and Robert Jr?The ownership of the local e...Published: 05 May 2019 at 10:52hrs | 3086 | by Staff reporter
2 court officials die in accident
TWO court officials from Hwange Magistrates' Court died on the spot while others were injured after a vehicle they were travelling in burst its tyre and veered off the road along the Bulawayo-Victoria...Published: 05 May 2019 at 09:54hrs | 870 | by Staff reporter
Mnangagwa paying tuition for Tsvangirai's kids in Australia and South Africa
President Mnangagwa has once again come to the aid of the family of former Prime Minister and the late MDC T founding leader, Mr Morgan Tsvangirai by providing financial and logistical support to the ...Published: 04 May 2019 at 08:09hrs | 7024 | by Staff reporter
Mystery of Zimbabwe's forex market
"Zimbabwe's tobacco sales have reached a record high of 237,1 million kg with a week to go before the selling season ends, official data showed" - Reuters (July 23 2018)."Gold deliveries to Fi...Published: 03 May 2019 at 20:48hrs | 4230 | by Chigogwana, Sikhosana and Mashozhera
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