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Mthuli Ncube must explain why some ministries exceeded their approved budgets
Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube has been urged to explain why some government ministries exceeded their approved budgets before mid-year. In a motion on t...Published: 3 hrs ago | 145 | by Staff reporter
Gweru unleashes debt collectors on defaulters
The Gweru City Council has announced that it will employ debt collectors to pursue ratepayers who have defaulted on their payments for more than two months. In a statement released on September 10, th...Published: 3 hrs ago | 63 | by Staff reporter
Molefe exposes Transnet's CEO
The role state capture has played in the current troubles facing Transnet was in dispute in Parliament on Tuesday as the state freight company's former CEO, now MK Party MP, Brian Molefe, challenged t...Published: 4 hrs ago | 123 | by Staff reporter
PPC Zimbabwe remits US$11,3m dividend to PPC SA
PPC Zimbabwe remitted R203 million (US$11.3 million) in dividends to its South African parent after a strong performance in the fiscal year ending March 31, 2024. The company's CEO, Matias Ca...Published: 11 Sep 2024 at 08:37hrs | 91 | by Staff reporter
Kwashi drags Caps United to FIFA over US$46,000
Former Caps United assistant coach Tostao Kwashi has taken legal action against the club, filing a claim with FIFA to recover unpaid salaries and bonuses totaling US$46,000. Kwashi, who served...Published: 08 Sep 2024 at 19:47hrs | 2091 | by Staff reporter
Zimbabwe needs $1.6bn to lift crop output after El Nino induced drought
ZIMBABWE needs $1.64 billion to bolster crop production after a devastating drought increased food insecurity and prompted a state of disaster.The southern African nation is targeting a more t...Published: 08 Sep 2024 at 09:46hrs | 59 | by Staff reporter
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 88 | by Staff reporter
Ramaphosa's GNU partner suggests scrapping BEE
The Freedom Front Plus has urged the removal of Black Economic Empowerment (BEE) and Affirmative Action (AA) policies, arguing that they are detrimental and obstruct economic growth.The party ...Published: 07 Sep 2024 at 12:46hrs | 914 | by Staff reporter
The day Sadc failed
THREE weeks ago, the regional bloc,Southern African Development Community (Sadc), hosted the 44th summit in Harare.The summit saw Zimbabwe becoming the chair of the region for the next...Published: 07 Sep 2024 at 10:12hrs | 214 | by Paidamoyo Muzulu
Zimbabwe industries buckle under prohibitive power tariffs
Zimbabwe's industries have been severely affected by a sharp power tariff hike implemented in November, leading to a 15% rise in costs for mines and disrupting various sectors. The 44% tariff ...Published: 06 Sep 2024 at 14:45hrs | 106 | by Staff reporter
South Africa GDP growth is an 'illusion' benefiting the few
The Economic Freedom Fighters (EFF) have dismissed the recent GDP growth figures released by Statistics South Africa (Stats SA) as "misleading", accusing the government and financial institutions of c...Published: 05 Sep 2024 at 09:17hrs | 181 | by Staff reporter
Zimbabwe economy needs robust tax system
The Zimbabwe Revenue Authority (ZIMRA) is pushing for a modernized tax system to address the complexities of Zimbabwe's economy, particularly the predominantly cash-based informal sector. ...Published: 05 Sep 2024 at 07:07hrs | 109 | by Staff reporter
Ex-Zimbabwe Information Minister's trial commences
The trial of former Information Minister Bright Matonga, accused of stealing farm implements, began today at the Chegutu Magistrates' Court. Matonga appeared before Magistrate Ms. Evelyn Mashawakure a...Published: 04 Sep 2024 at 15:21hrs | 3952 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27176 | by Staff reporter
Zesa introduces prepaid meters for industries
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) is introducing prepaid meters for medium and large-scale customers, including those in the manufacturing sector, to address its s...Published: 02 Sep 2024 at 11:26hrs | 390 | by Staff reporter
Revolt at MTN over CEO's 'female favourite'
An ugly battle is brewing at MTN over the direction Africa's biggest mobile network operator is taking under group CEO Ralph Mupita, with executives threatening to quit en masse over his leadership st...Published: 01 Sep 2024 at 11:58hrs | 4476 | by Staff reporter
Mnangagwa rapped over wife's 'unnecessary' airport lounge
The recently commissioned State Pavilion at Robert Mugabe Airport, funded by a US$153 million loan from China, has faced intense criticism. Despite the pavilion's lavish design, including a l...Published: 28 Aug 2024 at 10:53hrs | 1986 | by Staff reporter
Local Bank proposes US$35bn loan to Zimbabwe Government
Time Bank of Zimbabwe has proposed a US$35 billion syndicated loan to the government to address compensation obligations for various groups, including previous farm owners and foreign lenders, as part...Published: 27 Aug 2024 at 12:42hrs | 3100 | by Staff reporter
Woman takes tortoise on debt recovery trip in Zimbabwe
A Harare woman, Sithembiso Budzirikawa (58), appeared in court after she allegedly used a live tortoise, covered in red floor polish and tied with a red cloth, to intimidate her former employer into p...Published: 23 Aug 2024 at 06:28hrs | 442 | by Staff reporter
Zimbabwe govt terminates CSC deal
The Zimbabwean government has terminated a US$130 million joint venture (JV) agreement with British investor Boustead Beef, which was intended to revive the Cold Storage Company (CSC). This decision c...Published: 16 Aug 2024 at 13:27hrs | 1832 | by Staff reporter
Tomana loses Supreme Court US$114,000 debt appeal
The late Zimbabwean ambassador Johannes Tomana lost his Supreme Court appeal against Tian Ze Tobacco Company over a debt of US$114,749.80 for farming inputs. Tomana had contested a High Court judgment...Published: 16 Aug 2024 at 08:42hrs | 674 | by Staff reporter
Paul Siwela's letter to President Mnangagwa - Buying chiefs not just nor sustainable to resolve Matabele grievances
The President of Zimbabwe Munhumutapa Building Harare Zimbabwe 28th July 2024 Ref: PresZim/07/28/24 Attention: Emmerson D. Mnangagwa Dear Mr Presi...Published: 16 Aug 2024 at 07:15hrs | 1346 | by Paul Siwela
Hichilema: Absolute power corrupts absolutely
I could not believe what I was hearing. I tried to reassure myself that I was only dreaming. For the third time, I played the video and listened gravely. Again, the words fell like stones into the roo...Published: 15 Aug 2024 at 11:38hrs | 1018 | by Dr. Field Ruwe
Zimra mulls severe penalty on tax debts
The Zimbabwe Revenue Authority (Zimra) is considering imposing severe tax penalties to compel public and private entities to settle substantial outstanding tax debts. These debts primarily stem from c...Published: 14 Aug 2024 at 08:31hrs | 161 | by Staff reporter
Awareness of responsible gambling in Zimbabwe's community
A gambling boom hit the African market in recent years, and Zimbabw...Published: 12 Aug 2024 at 20:00hrs | 218 | by Staff Reporter
Prophet Magaya's Yadah FC hit by FIFA transfer ban
YADAH Stars has been slapped with a transfer ban by FIFA due to its failure to settle an $82,000 debt owed to three Brazilian players. The club breached its contract by terminating the players' agreem...Published: 09 Aug 2024 at 10:05hrs | 495 | by Staff reportrer
Man stabs ex-lover over US$40
A 49-year-old man from Kariba was sentenced to 30 months in prison for attempting to murder his ex-lover over a US$40 debt.According to the National Prosecuting Authority of Zimbabwe (NPAZ), t...Published: 04 Aug 2024 at 15:26hrs | 501 | by Staff reporter
Revenue shortfall hits Bulawayo City Council
The Bulawayo City Council has reported a troubling 58 percent debt collection efficiency for the second quarter of the year. The municipality billed approximately ZiG145.3 million but only collected Z...Published: 04 Aug 2024 at 14:06hrs | 96 | by Staff reporter
ZiG uncertainties to frustrate GDP forecasts
Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term bud...Published: 03 Aug 2024 at 12:57hrs | 192 | by Staff reporter
Zimbabwe ranked 30th in budget survey
Zimbabwe's global position on the Open Budget Survey (OBS) has improved, with the country now ranked 30th out of 125 countries. The OBS, conducted by the International Budget Partnership (IBP), measur...Published: 03 Aug 2024 at 12:55hrs | 124 | by Staff reporter
Zimra faces significant debt
The Zimbabwe Revenue Authority (Zimra) faces a significant debt of US$421.4 million and ZiG854.72 million from both private companies and public institutions by the end of the first half of 2024. The ...Published: 02 Aug 2024 at 07:04hrs | 218 | by Staff reporter
Uber's 3-year vehicle age limit requirement in SA kicks in
E-hailing driver Johnny Masanhloane says Uber's three-year vehicle age limit is the most "selfish decision" by the e-hailing company "which is losing clients" in South Africa. He said the deci...Published: 30 Jul 2024 at 11:16hrs | 3065 | by Staff reporter
Air Zimbabwe resumes Harare-Joburg flights
Air Zimbabwe resumed flights between Harare and Johannesburg yesterday. Flights will operate every Monday, Wednesday, Friday, and Sunday between Harare's Robert Gabriel Mugabe International Airport an...Published: 30 Jul 2024 at 07:24hrs | 667 | by Staff reporter
Zimbabwe MPs push for stiffer penalties amid explosive AG report
Parliamentarians have reaffirmed their commitment to enforcing laws and imposing stringent penalties for public fund misuse. During a meeting convened by the Zimbabwe Coalition on Debt and Development...Published: 26 Jul 2024 at 08:55hrs | 592 | by Staff reporter
South Africa's White mediocrity and double standards on education
In a recent parliamentary session, Economic Freedom Fighters (EFF) member of parliament Omphile Maotwe posed a critical question to Democratic Alliance (DA) member Natasha Mazzone regarding her claime...Published: 26 Jul 2024 at 08:41hrs | 447 | by Mbali Dlamini
Dynamos forced to pay Gwekwerere US$27,000
Dynamos FC faced a significant hurdle in their return to CAF inter-club competitions due to a US$27,000 debt owed to former striker Evans Gwekwerere. Gwekwerere claimed this amount was due from variou...Published: 24 Jul 2024 at 11:10hrs | 674 | by Staff reporter
Air Zimbabwe to resume direct flights to London
Plans are underway to resume direct flights from Zimbabwe to the United Kingdom, a move aimed at boosting trade and leveraging the country's centrality in the Sadc region, according to Transport and I...Published: 24 Jul 2024 at 09:11hrs | 5377 | by Staff reporter
Lawyer accuses witness of capturing police
In the ongoing trial of three suspected stock thieves before Plumtree magistrate Mr Joshua Nembaware one of the defence lawyers Nqobani Sithole accused the complainant Gary Charles Rosenfels of having...Published: 23 Jul 2024 at 16:31hrs | 657 | by Simbarashe Sithole
Granny raped 'for grand-daughter's sins'
IN a rather bizarre incident, a 72-year-old woman from Mgadla Village, Matobo District in Matabeleland South province was allegedly raped by her granddaughter's 22-year-old ex-lover as repayment for a...Published: 20 Jul 2024 at 12:09hrs | 502 | by Staff reporter
Harare faces water treatment chemicals shortage
Harare is at risk of a water crisis due to a shortage of treatment chemicals, stemming from unresolved payments to suppliers. The city council owes Chemplex Corporation approximately US$3 million for ...Published: 20 Jul 2024 at 11:56hrs | 29 | by Staff reporter
NetOne's going concern status at risk
NetOne Private Limited, a telecommunications company in Zimbabwe, has been identified as technically insolvent and at risk of being unable to sustain its operations, according to a recent report. Rele...Published: 17 Jul 2024 at 06:51hrs | 619 | by Staff reporter
Zimra's unaccounted deposits cause tax woes
The Zimbabwe Revenue Authority (Zimra) received $101.54 billion in unaccounted deposits from clients in 2023, creating an administrative challenge that led to unnecessary penalties and interest on tax...Published: 15 Jul 2024 at 16:42hrs | 4163 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 234 | by Samir Bhattacharya
Examiner in US$500k criminal abuse of office scandal
Absolom Magwere, a principal examiner in the Ministry of Justice, Legal and Parliamentary Affairs, appeared before Harare regional magistrate Marehwanazvo Gofa on charges of criminal abuse of office i...Published: 15 Jul 2024 at 08:16hrs | 176 | by Staff reporter
Zimbabwe's local grappling with poor governance issues
Local authorities in Zimbabwe are grappling with weak corporate governance issues, as highlighted in the 2023 report by Acting Auditor General Mrs. Rhea Kujinga. The report, presented to Parliament la...Published: 15 Jul 2024 at 08:08hrs | 37 | by Staff reporter
'Zacc, Parly must probe Beam funds abuse'
A social justice group has called for investigations by the Zimbabwe Anti-Corruption Commission and Parliament into alleged mismanagement and misuse of funds meant for the Basic Education Assistance M...Published: 10 Jul 2024 at 07:52hrs | 5 | by Staff reporter
Power challenges delay Go Beer re-opening
Gweru Mayor Martin Chivhoko announced at a recent full council meeting that the servicing of equipment at the city's beer concern, Go Beer, has been completed. However, plans for reopening are hindere...Published: 10 Jul 2024 at 07:49hrs | 2 | by Staff reporter
Government's ZWL$1 billion debt cripples Zimpapers operations
The country's largest multimedia group, Zimpapers Limited is owed in excess of ZWL$1 billion by government departments and ministries, parliament has been told, a situation that has crippled its opera...Published: 09 Jul 2024 at 06:21hrs | 10 | by Staff reporter
Mnangagwa goes after Mugabe’s family, relatives
President Emmerson Mnangagwa's government has reportedly repossessed extensive land holdings belonging to former first lady Grace Mugabe, her daughter Bona, and other relatives, in a move believed to ...Published: 07 Jul 2024 at 17:34hrs | 181 | by Staff reporter
UK's Indian Prime Minister in stunning election loss
Keir Starmer vowed to bring change to Britain as its next prime minister after his Labour Party surged to a comprehensive win in a parliamentary election on Friday, ending 14 years of often tumultuous...Published: 05 Jul 2024 at 16:13hrs | 6 | by Staff reporter
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