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Zimbabwe: Supreme Court debt judgment is theft by conversion
Impact of judgment and failure to resolve the land issue SADC Tribunal Rights Watch is deeply concerned that the very foundations of the Zimbabwean econ...Published: 36 mins ago | 109 | by SADC Tribunal Rights Watch
Cosafa lies exposed
COSAFA'S duplicity in banning Zifa from attending the regional football governing body's annual general meeting (AGM) set for today has been exposed, revealing its dishonesty and vindictiveness....Published: 26 Jan 2020 at 06:18hrs | 138 | by Staff reporter
2020 holds no promise for troubled Zimbabwe
A SHORT queue has formed outside a supermarket in Sunningdale, a supposedly middle-class suburb in Harare.Behind the supermarket, a truck is offloading bags of mealie-meal, a commodity that re...Published: 26 Jan 2020 at 06:18hrs | 179 | by Staff reporter
Zesa secures $100 million to ease load shedding
Zimbabwe is set to clear its arrears owed to Mozambique and South Africa after securing a US$100-million facility from Afreximbank and revive a 30-year trilateral agreement with the two neighbouring c...Published: 26 Jan 2020 at 06:14hrs | 197 | by Staff reporter
Zesa unveils plans to ease load-shedding
Zimbabwe is set to clear its arrears with Mozambique and South Africa after securing a US$100 million facility from Afreximbank and revive a 30-year trilateral agreement with the two neighbouring coun...Published: 26 Jan 2020 at 06:07hrs | 121 | by Staff reporter
BCC disconnects water supplies to defaulting rate payers
BULAWAYO City Council (BCC) has said it will start disconnecting water supplies to defaulting rate payers in Ward 7 encompassing suburbs such as Makokoba, Mzilikazi and surrounding areas. In a...Published: 25 Jan 2020 at 07:54hrs | 734 | by Staff Reporter
Can the 'market' save Bulawayo water?
The desire to remain true to a vision "Siya Phambili" ( We go Forward, the BCC's motto ) has in the past prompted some to attempt to tackle one of the city of Bulawayo's worst environmental challenges...Published: 24 Jan 2020 at 13:42hrs | 2515 | by Kabelo Sithole
Grace Mugabe challenges truck grab case
FORMER President, Robert Mugabe's widow, Grace has challenged the case in which she and her late husband are being accused of confiscating a truck belonging to Sun Marine Shipping (Private) Limited af...Published: 23 Jan 2020 at 18:31hrs | 3396 | by newzimbabwe
World Economic Forum, opportune platform to lure investment
Zimbabwe's participation at this year's 50th annual meeting of the World Economic Forum, (WEF), in Davos, Switzerland is a big opportunity for her to lure Foreign Direct Investment (FDI)....Published: 23 Jan 2020 at 13:33hrs | 479 | by Chido Chikuni
Zimbabwe govt urged to repeal Gold Trade Act
civil society organisations and captains of industry, among others, have called on government to swiftly repeal the Gold Trade Act and formalise artisanal and small-scale mining to boost gold producti...Published: 23 Jan 2020 at 06:39hrs | 390 | by Staff reporter
Zifa defy Chiyangwa's Cosafa ban
Zifa have said they will attend the Cosafa annual general meeting set for South Africa at the weekend, despite the regional football governing body earlier this week barring the association from atten...Published: 23 Jan 2020 at 06:27hrs | 642 | by Staff reporter
'Ruling on US$ debt a grand heist'
TUESDAY'S Supreme Court ruling declaring that debts owed in United States dollars (US$) incurred on or before February 22, 2019 should be settled using the Zimdollar at a 1:1 parity will further deepe...Published: 23 Jan 2020 at 06:26hrs | 578 | by Staff reporter
Big wigs face arrest in land barons dragnet
At least 132 people in Harare, including political heavyweights, face arrest for allegedly selling State land, corruptly allocating themselves stands, fraud, abuse of cooperative funds and criminal ab...Published: 23 Jan 2020 at 06:20hrs | 504 | by Staff reporter
Landmark ruling on US dollar debts
THE Supreme Court of Zimbabwe has delivered a landmark ruling declaring that a debt owed in United States dollars (US$) incurred on or before February 22, 2019 should be discharged by paying in local ...Published: 23 Jan 2020 at 06:16hrs | 311 | by Staff reporter
Grace Mugabe, Chombo, Chiyangwa face arrest
At least 132 people, including political heavyweights, face arrest for allegedly selling State land, corruptly allocating themselves stands, fraud, abuse of cooperative funds and criminal abuse of off...Published: 23 Jan 2020 at 06:14hrs | 621 | by Staff reporter
Nelson Chamisa’s Agenda 2020 address to the nation
(Transcript of MDC leader Nelson Chamisa’s ‘Agenda 2020’ address as prepared for delivery at Stodart Hall in Mbare on January 21, 2020)Fellow Zim...Published: 22 Jan 2020 at 19:47hrs | 1308 | by Nelson Chamisa
Mnangagwa Executive plots coup against Parliament
WHILE the citizens are glued to the ongoing circus in Vice-President Constantino Chiwenga's messy divorce, President Emmerson Mnangagwa and his Cabinet have decided to sneak in a sinister constitution...Published: 22 Jan 2020 at 07:42hrs | 5794 | by Paidamoyo Muzulu
ZBC property attached over US$370,000 debt
THE Zimbabwe Broadcasting Corporation (ZBC) recently landed itself in trouble after refusing to settle a US$370 000 debt opting to pay off the same in local currency, a move that has prompted an inter...Published: 22 Jan 2020 at 07:41hrs | 591 | by Staff reporter
Zifa in a fix over Joey Antipas
THE Zimbabwe Football Association (Zifa) intention of appointing Joey Antipas as the Warriors coach is likely to hit a snag due to the Confederation of African (Caf) standardisation statutes.Z...Published: 22 Jan 2020 at 07:27hrs | 1488 | by Staff reporter
MDC led Council threatens legal action against Zanu-PF
HARARE City Council has threatened legal action against Zanu-PF, government departments, parastatals and other entities owing the local authority more than $1 billion in unpaid rates.Council i...Published: 22 Jan 2020 at 07:07hrs | 495 | by Staff reporter
Zimbabwe 'reduces debt by theft' after Supreme Court ruling: lawyers
The Supreme Court has upheld the validity of a controversial government decree from February 2019 which converted debts accumulated in United States dollars to the local RTGS currency – at a great l...Published: 22 Jan 2020 at 06:20hrs | 845 | by Staff reporter
Debts incurred before 22nd of Feb. 2019 shall be settled in local currency, court rules
The Supreme Court has ruled that all debts incurred before the 22nd of February 2019 shall be settled in the local currency on a one to one basis. A judgement has been made by Chief Justice Luke Malab...Published: 21 Jan 2020 at 19:25hrs | 444 | by Staff reporter
USD debts can be repaid in local currency, Zimbabwe Supreme Court rules
The Supreme Court has ruled that all debts incurred before the 22nd of February 2019 shall be settled in the local currency on a one to one basis.A judgement has been made by Chief Justice Luk...Published: 21 Jan 2020 at 12:52hrs | 6144 | by Staff Reporter
Zimbabwe economy to contract by 5.5% says UN
Zimbabwe's economy will register a negative growth of 5.5% and 2.5% in 2019 and 2020 respectively owing to foreign currency shortages, elevated public debt and uncontrolled inflation, a recent report ...Published: 20 Jan 2020 at 05:54hrs | 1570 | by FinX
Air Zimbabwe to get delivery of Boeing 777 tomorrow
Air Zimbabwe will take delivery of one of the Boeing 777-200 aircraft acquired from Malaysia on Monday, almost four years after the deal was negotiated.Transport minister Joel Biggie Matiza is...Published: 19 Jan 2020 at 14:13hrs | 8163 | by Staff reporter
No offer as yet for Prince Dube from Chinese club
HIGHLANDERS are still to receive feedback from Chinese club, Shaanxi Chang'an Athletic on whether they are interested in signing striker, Prince Dube who has been in China for almost a month. ...Published: 19 Jan 2020 at 05:39hrs | 493 | by Staff reporter
Govt mulls Telecel debt equity swap
TELECEL International (TI), a State-owned vehicle which owns 60 percent of Telecel Zimbabwe (TZ), is considering converting the US$90 million debt owed by the mobile network operator into equity, a mo...Published: 19 Jan 2020 at 05:31hrs | 178 | by Staff rpeorter
Zimbabwe platinum leakages hurting national purse
WITH its economy tanking, Zimbabwe is looking to mining for salvation.But platinum ore exports may be leaking millions of dollars in potential revenue the country needs to plug an acute shorta...Published: 19 Jan 2020 at 05:27hrs | 143 | by Cliff Chiduku
Mnangagwa faces serious challenges
A bleak outlook characterised by growing expectations to end Zimbabwe's political impasse, a weakening currency, power and foreign currency shortages stare in the face of President Emmerson Mnangagwa'...Published: 18 Jan 2020 at 08:58hrs | 11991 | by Staff reporter
'Telecel on the brink of collapse'
WORKERS at mobile network operator Telecel Zimbabwe have raised a red flag over the state of affairs at the company, saying it faces imminent collapse unless government urgently intervenes to rescue t...Published: 17 Jan 2020 at 06:27hrs | 1303 | by Staff reporter
Sanctions: EU, US and post-Mugabe Zimbabwe
THE United States of America (USA) has two forms of sanctions relevant to Zimbabwe. The first is imposed by Executive Order, with the President using powers under the International Emergency Economic ...Published: 17 Jan 2020 at 06:25hrs | 193 | by Derek Matyszak
'Corruption fuels Zimbabwe hunger'
CORRUPTION and mismanagement of the agricultural sector are the major drivers of food shortages in Zimbabwe, where over 7,7 million people urgently require food, a top European Union (EU) diplomat has...Published: 17 Jan 2020 at 06:08hrs | 163 | by Staff rpeorter
Competition hits PPC cash flows
PERSISTENT macro-economic risks and intense competition across regional cement producer Pretoria Portland Cement (PPC)'s business units have affected the firm's return on capital and free cash flows, ...Published: 17 Jan 2020 at 06:07hrs | 182 | by Staff rpeorter
Sheriff raids Zifa offices
THE Zifa offices in Harare were raided by the Sheriff of the High Court on Wednesday and movable office property was attached over a US$209 460 debt the association has owed LED Travel and Tours since...Published: 17 Jan 2020 at 06:00hrs | 53 | by Staff reporter
'Debt forgiveness crucial for Zimbabwe'
AS the country's central bank and treasury chiefs head to the forthcoming World Economic Forum in Davos, Switzerland next week, Imara Asset Management (Imara) says the country is in desperate need of ...Published: 17 Jan 2020 at 05:54hrs | 58 | by Staff reporter
Government controls fuelling the black market
Business at the country's parallel (black) market for foreign currency and other commodities has never been as brisk. Billions of dollars in local or foreign currency exchange hands on a daily basis i...Published: 16 Jan 2020 at 09:07hrs | 3948 | by Victor Bhoroma
Law society challenges Mnangagwa's constitutional amendments
The Law Society of Zimbabwe (LSZ) has said attempts by President Emmerson Mnangagwa's administration to make fundamental changes to the national Constitution fly in the face of global democratic best ...Published: 15 Jan 2020 at 07:01hrs | 2027 | by Staff reporter
BCC grants ZRP, BACFOZ free use of city hall car park
Bulawayo City Council recently granted the police and the Business Against Crime Forum of Zimbabwe (BACFOZ) free use of the city hall car park for their event.This is revealed in the council's...Published: 14 Jan 2020 at 09:45hrs | 1586 | by Stephen Jakes
Prophet Uebert Angel shocks congregants
Philanthropist, businessman and man of the cloth, Prophet Uebert Angel and his wife BeBe Angel shocked several lucky congregants from GoodNews Church in London, by paying outstanding bills and debts d...Published: 12 Jan 2020 at 08:53hrs | 9177 | by Staff Reporter
ZIMRA rakes $60m from vendors
ABOUT 16 000 Small to Medium Enterprises (SMEs) registered to formalise operations of their businesses last year with the Zimbabwe Revenue Authority (Zimra) raking about $60 million from the new regis...Published: 12 Jan 2020 at 08:35hrs | 2280 | by Staff Reporter
Zimbabwean economy simplified
Issues concerning the economy are vital for any given country's revolutionary and evolutionary path since they are at the core of all movements. Most importantly an economic policy justifies the trans...Published: 08 Jan 2020 at 13:10hrs | 1302 | by Terence Simbi
Mnangagwa's aide in hot soup over Presidential maize subsidy
The head of Aid and Debt management in the Office of the President and Cabinet Andrew Bvumbe has been accused by the Grain Millers Association of Zimbabwe for causing mealie meal shortage in the...Published: 07 Jan 2020 at 18:02hrs | 6390 | by Mandla Ndlovu
Audit report exposes corruption in Binga council
FINANCIAL mismanagement and corruption have left Binga council coffers in the red, an internal 2018 confidential audit report has revealed.The report forms part of a document presented to Loca...Published: 07 Jan 2020 at 08:36hrs | 1135 | by Staff Reporter
High Court orders Mujuru to compensate Dubai company
Former Vice-President (VP) Joice Mujuru has been ordered by the High Court to compensate a United Arab Emirates-based company, Suzane General Trading JLT (Pvt) Ltd, US$70 000 following the collapse of...Published: 06 Jan 2020 at 14:43hrs | 2602 | by Staff Reporter
Zimbabwe descends into chaos and surges to a civil war without notice. The Mashurugwi Militia
A police officer was killed and another officer was seriously injured by the Mashurugwi machete wielding gold panners. The Mashurugwi are identified with their dirty outfits covered in mud and a...Published: 01 Jan 2020 at 14:06hrs | 9477 | by Dr Masimba Mavaza
Econet half-year results reflective of a tough operating environment
Zimbabwe's mobile network giant Econet Wireless Zimbabwe posted a set of results that reflects the impact of hyperinflation on entities operating in Zimba...Published: 31 Dec 2019 at 16:19hrs | 1510 | by Agencies
Teen girl inspired by mother into philanthropy
AFTER hearing harrowing stories of a fragmented upbringing of her mother, dotted with untold suffering and endurance, a Bulawayo teenager has been motivated to venture into philanthropic work in a bid...Published: 29 Dec 2019 at 08:36hrs | 1712 | by Staff Reporter
Its flawed macro-economic governance systems, Stupid!
PUBLIC Accounts Committee (PAC) chairperson, Honourable Tendai Biti is not only an accomplished lawyer but has also authored a book with Greg Mills and former Nigerian president Olusegun Obasanjo. ...Published: 23 Dec 2019 at 14:44hrs | 273 | by Jameson Dapi
Mnangagwa reveals his source of funds
President Emmerson Mnangagwa told members of POLAD on Sunday that banks stamped at his office to offer him loans for his personal and business use. Mnangagwa was addressing reports that he use...Published: 22 Dec 2019 at 11:03hrs | 12462 | by Mandla Ndlovu
Prominent Bulawayo businessman to lose property
A prominent Bulawayo businessman, who was once arrested for duping a fellow businessman of over US$380 000, is now set to lose vehicles, household property and company shares after the High Court orde...Published: 22 Dec 2019 at 08:12hrs | 7309 | by Staff Reporter
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