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BCC, Ecocash mull debt collection partnership
The Bulawayo City Council (BCC) is set to enter into a debt collection deal with EcoCash Holdings.According to latest council minutes, EcoCash Holdings' Pride Gonde, an account executive, wrot...Published: 11 May 2023 at 05:33hrs | 279 | by Staff reporter
Zesa engages ZRA for more water
ZESA Holdings is engaging the Zambezi River Authority (ZRA) for more water allocation to ramp up electricity generation.Spokesperson George Manyaya told NewsDay that the power utility has mana...Published: 26 Apr 2023 at 06:26hrs | 62 | by Staff reporter
Police detectives share US$160,000 theft loot
Two Criminal Investigation Department (CID) police officers have landed in the dock on allegations of sharing US$160,000 they had recovered while investigating a theft case.The two, Addmore Mu...Published: 05 Apr 2023 at 18:20hrs | 1599 | by Staff reporter
Zimbabwe must realise its position in global geopolitics
ON Wednesday United States envoy Robert Scott jetted into the country. He did not hide his mission. "I am here to engage in a series of meetings with government, civil society and other a...Published: 04 Mar 2023 at 08:07hrs | 138 | by Staff reporter
BCC embarks on water disconnection blitz
BULAWAYO City Council (BCC) is carrying out a water disconnection blitz in all suburbs over unpaid rates amounting to $30 billion.The local authority says it is struggling to meet its financia...Published: 13 Feb 2023 at 05:18hrs | 242 | by Staff reporter
'Bulawayo City owed $31 billion' Mayor says
Bulawayo Mayor, Solomon Mguni has announced that the City of Bulawayo is being owed dentitled to ZW$31 Billion which unfortunately lies in the hands of the City's debtors.In his end of year re...Published: 04 Jan 2023 at 07:38hrs | 1348 | by Mzingaye Nxumalo
Harare mayor admits bungling
Harare mayor Jacob Mafume has admitted his council messed up after issuing just 163 stands out of a total 5,000 initially targeted for allocation to home seekers in 2022 by the local authority....Published: 28 Dec 2022 at 20:34hrs | 335 | by Staff reporter
Zimbabwe govt pays US$50,28m to service external debt
TREASURY paid out US$50,28 million between January and September this year towards servicing its active debt portfolio while token payments were also made for debt arrears owed to International Financ...Published: 29 Nov 2022 at 05:15hrs | 235 | by Staff reporter
Beware of the folly of Trojan rulers!
Government, folly of mankind?Barbara W Tuchman is a prolific writer on politics as read through history. I enjoy her take on her subject.But she is American, western, itself an importa...Published: 13 Nov 2022 at 18:07hrs | 452 | by on Saturday
483 rates defaulters lose property to council
GWERU City Council (GCC) has attached movable property of 483 defaulting residents and companies leading to the recovery of about $18 million.The local authority is seeking to recover $3,7 bil...Published: 21 Oct 2022 at 06:04hrs | 450 | by Staff reporter
Shareholders fight directors over Tetrad Bank control and assets
TETRAD Investment Bank (TIB) shareholders are locked in a heated row with its directors for the control of the defunct financial institution's US$13 million assets. TIB has properties and othe...Published: 12 Oct 2022 at 18:49hrs | 534 | by Agencies
Billions vanish from Zimbabwe govt coffers?
MILLIONS of United States dollars and billions in local currency have vanished from government coffers due to accounting malpractices and breach of protocol, with no paper trail to back the spending....Published: 22 Sep 2022 at 06:02hrs | 1025 | by Staff reporter
Zimplats splurges US$270m on capital projects
Zimplats says it has expended in excess of US$270 million on capital projects in 2022, nearly 70% up on the US$159,1 million spent in the previous year.These include stay-in-business, re...Published: 07 Sep 2022 at 06:43hrs | 211 | by Staff reporter
Bulawayo forex discounts endorsed
BULAWAYO residents are going to get a 50 percent discount for settling their rates in foreign currency, while industries will have a 30 percent discount after councillors endorsed the resolution which...Published: 14 Aug 2022 at 07:20hrs | 272 | by Staff reporter
BCC offers domestic debtors 50% discount
BULAWAYO City Council (BCC) is now offering a 50% discount to domestic debtors and 30% to industrial debtors paying their bills in foreign currency.Councils began indexing rates in foreign cur...Published: 04 Aug 2022 at 06:46hrs | 932 | by Staff reporter
3 council bars corruptly sold
Three Harare City Council beer halls were allegedly sold without following proper procedure, amid reports authority to sell was never confirmed.The council's acting finance director verbally t...Published: 01 Aug 2022 at 06:32hrs | 273 | by Staff reporter
Residents challenge BCC over 'unreasonable' bills
BULAWAYO residents have challenged the Bulawayo City Council (BCC) over astronomical bills, but city fathers said they are not to blame because inflation has pushed up the cost of everything.T...Published: 30 Jul 2022 at 19:08hrs | 137 | by Staff reporter
Council sues 400 defaulters per month
NEARLY 400 people are sued monthly by the Bulawayo City Council (BCC) and some end up having their property auctioned by the Messenger of Court after failing to settle their debts. Last Friday...Published: 25 Jul 2022 at 06:27hrs | 479 | by Staff reporter
Zimra is now owed over $33 billion as defaults rise
THE Zimbabwe Revenue Authority (Zimra) has reported a 283,65% increase in debt to $33,25 billion in 2021 owing mostly to exporting firms indicating that the current tax regime remains too high for com...Published: 24 Jul 2022 at 10:01hrs | 169 | by Staff reporter
Zimbabwe secures 300MW
ZESA Holdings has secured a 300 megawatt (MW) power import deal with regional suppliers as the energy crisis threatens to cripple industry and domestic consumers, confidential documents show.T...Published: 22 Jul 2022 at 10:43hrs | 1926 | by Staff reporter
BCC to offer discount for forex payments
Bulawayo councillors have proposed to offer residents that are willing to settle their bills in foreign currency a 50 percent discount.This follows a public outcry after the local authority, a...Published: 26 Jun 2022 at 08:15hrs | 321 | by Staff reporter
Zimbabwe sinks deeper into debt hole
THE government last year added US$6,45 billion to the public debt as the Treasury assumed the former white farmer's compensation fund under domestic debt and the Reserve Bank of Zimbabwe (RBZ) legacy ...Published: 24 Jun 2022 at 08:56hrs | 865 | by Staff reporter
Strike paralyses major hospitals
WORKERS from other sectors have started joining a tools down job action by health personnel and teachers who are demanding United States dollar salaries.The strike entered its third day yester...Published: 23 Jun 2022 at 06:46hrs | 402 | by Staff reporter
Gweru charges bills in USD
GWERU City Council (GCC) has with immediate effect, begun to charge rentals and bills in United States dollars.The bills will be payable at the prevailing interbank rate.Ratepayers owe...Published: 20 Jun 2022 at 06:40hrs | 361 | by Staff reporter
Residents' property attached over council debts
AT least 10 residents from Senga suburb had their household property attached by the Messenger of Court at the instigation of Gweru City Council (GCC) in a bid to force ratepayers to settle their bill...Published: 19 May 2022 at 06:35hrs | 321 | by Staff reporter
The Mundoza tree has become an oracle
The two trees stand side by side as if nature's siblings, one a Casternabar and the other a 'Mutohwe'. One is domesticated and the other wild but they are both fruit trees. Their combined cano...Published: 08 May 2022 at 15:35hrs | 1760 | by Mutanda Wachingama
Zupco, NRZ in huge debt
AUDITOR-GENERAL Mildred Chiri has questioned the going concern status of four parastatals whose current liabilities exceed current assets and have been incurring losses running into millions of dollar...Published: 17 Apr 2022 at 09:10hrs | 438 | by Staff reporter
Murambinda gets town status
THE popular growth point Murambinda – located in Buhera district – has been proclaimed a town.Local government minister July Moyo announced the development in a notice seen by NewZimbabwe....Published: 14 Apr 2022 at 06:42hrs | 1609 | by Staff reporter
Mines ministry financial accounts in shambles
THE Auditor-General's (AG) office has redflagged the ministry of Mines and Mining Development's financial accounts citing a possible understatement of an amount disclosed as public financial assets....Published: 08 Apr 2022 at 12:11hrs | 272 | by Staff reporter
Zesa begs for US$2,5bn war chest to end load shedding
POWER utility, Zesa Holdings Private Limited executive chairperson Sydney Gata says the parastatal is in need of US$2,5 billion to end load shedding as the country grapples with subdued local po...Published: 01 Apr 2022 at 10:34hrs | 215 | by Staff reporter
Zesa gives debtors seven days to clear debts
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has given customers a seven-day moratorium to clear their debts.After the seven-day moratorium, the power utility company...Published: 25 Mar 2022 at 05:57hrs | 105 | by Staff reporter
Harare to convert residents' debts to US$
CASH-STRAPPED Harare City Council has announced plans to convert residents' outstanding Zimbabwe dollar bills to United States dollars to preserve the value of the money if the debts remain unpa...Published: 12 Mar 2022 at 07:40hrs | 427 | by Staff reporter
70% of BCC debtors clear arrears
BULAWAYO City Council's (BCC) debt collection strategy is said to be paying dividends as 70% of ratepayers in the city have since cleared their arrears.Early this year, BCC said it was owed ov...Published: 28 Feb 2022 at 05:24hrs | 740 | by Staff reporter
Mawere demands judge's recusal
Exiled businessman Mutumwa Mawere has filed a Constitutional Court application seeking the recusal of Justice Rita Makarau in a case where the constitutionality of the Reconstruction of State-Indebted...Published: 27 Feb 2022 at 07:35hrs | 200 | by Staff reporter
Mnangagwa sued over companies
South African-based Zimbabwean businessman Mutumwa Mawere has filed a Constitutional Court application against President Emmerson Mnangagwa accusing him of having used the seizure of his companies to ...Published: 20 Feb 2022 at 09:00hrs | 1071 | by Staff reporter
Bulawayo guns for most expensive city title
BULAWAYO is fast becoming the country's most expensive city to live in following the latest rates increases ranging from 150 percent to over 600 percent, together with a new parking system that will s...Published: 18 Feb 2022 at 05:33hrs | 515 | by Staff reporter
Ramaphosa sucked into the SMM saga
SOUTH African President Cyril Ramaphosa has been dragged into the on-going fight between government and the Friends of SMM Holdings (Pvt) Ltd (FOSMM) over the hostile takeover of the asbestos mine in ...Published: 09 Feb 2022 at 05:28hrs | 2147 | by Staff reporter
Harare blacklists debtors
THE City of Harare is owed over ZW$17 billion in unpaid rents, rates, and other supplementary municipal charges, and will henceforth blacklist defaulters.The local authority is owed large sums...Published: 03 Feb 2022 at 16:02hrs | 1023 | by Staff reporter
Zimbabweans' unquestioning belief in their leaders a retrogressive weakness that prevents accountability and development
One would be forgiven for believing that questioning one's leaders, and holding them accountable would be a given - a normal part of everyday life, whereby a country's citizens, or city's residents, a...Published: 24 Jan 2022 at 20:27hrs | 287 | by Tendai Ruben Mbofana
Lifestyle audit is needed at BCC
WHY do local authorities in Zimbabwe think it is normal to be owed money by residents?Take for example, Bulawayo City Council (BCC) which is failing to effectively collect revenue to the exten...Published: 12 Jan 2022 at 04:24hrs | 581 | by Staff reporter
Daggers out over Gumbura estate
Tempers flared at the Master of the High Court offices yesterday as relatives of the late RGM End Time Message church founder Robert Martin Gumbura haggled over the appointment of an executor for his ...Published: 14 Dec 2021 at 05:53hrs | 1805 | by Staff reporter
Zimbabwe pays US$44m of foreign debt
PRESIDENT Emmerson Mnangagwa's administration paid US$44,2 million to foreign creditors during the nine months to September, as part of its refreshed debt repayment plan, data showed at the weekend....Published: 29 Nov 2021 at 05:36hrs | 28 | by Staff reporter
Edgars to expand online, branch network
LISTED clothing retailer, Edgars Stores Limited says it will expand its online, brick and mortar branch network in order to build resilience to withstand the impact of future shocks and disruptions....Published: 23 Nov 2021 at 05:49hrs | 20 | by Staff reporter
US$7,1 billion to address Zesa power shortages
INCESSANT power cuts bedeviling the country are a passing phase, as power utility Zesa Holdings will invest US$7,1 billion in the next 10 years to simultaneously address current challenges and i...Published: 14 Nov 2021 at 05:39hrs | 12 | by Staff reporter
Zesa reassures nation
INCESSANT power cuts currently being experienced around the country are a passing phase, as power utility zesa Holdings will invest US$7,1 billion in the next 10 years to simultaneously address curren...Published: 14 Nov 2021 at 05:36hrs | 16 | by Staff reporter
Inside Zimbabwean tycoon Billy Rautenbach's offshore family trust
Records from a massive offshore data leak have provided the most detailed account yet of buccaneering mining and fuel magnate Billy Rautenbach's family empire.It started with a marriage settle...Published: 05 Oct 2021 at 06:40hrs | 61 | by Daily Maverick
Proposed BCC budget for 2022: $12 000 a month for rates in Bulawayo
THE proposed 2022 budget by the City of Bulawayo will see residents in some places paying as much as $12 000 for rates only, before factoring in water charges as the local authority targets to introdu...Published: 03 Oct 2021 at 08:14hrs | 13 | by Staff reporter
Bulawayo residents face 216% rates hike
BULAWAYO rate payers are expected to pay an average of 216 percent more in tariffs as the local authority has proposed a $24 billion budget for the coming year.The budget consists of a $16,8 b...Published: 01 Oct 2021 at 07:53hrs | 9 | by Staff reporter
SMM saga sucks in Cyril Ramaphosa
FRIENDS of Shabanie and Mashava Mines Holdings (FoSMM) have filed papers at the Johannesburg High Court seeking an order to compel South African President Cyril Ramaphosa to ignore an administrator ap...Published: 17 Sep 2021 at 20:17hrs | 26 | by Staff reporter
Unpaid bills delay construction of Gweru fire sub-stations
GWERU City Council has said defaulting residents have delayed plans to raise $5 million required to kick-start the construction of two fire sub-stations in Mkoba and Senga suburbs.Speaking at ...Published: 08 Sep 2021 at 06:15hrs | 9 | by Staff reporter
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