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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
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 | 27135 | 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
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 | 160 | 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
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
Gweru City Council undertakes debtors cleansing exercise
The Gweru City Council is conducting a debtors cleansing exercise to verify the status of its debtors, including companies that have ceased operations but are still listed as owing money. This effort ...Published: 05 Jul 2024 at 11:02hrs | 2 | by Staff reporter
Zimra garnishes Gweru Council accounts
The Zimbabwe Revenue Authority (Zimra) recently garnished Gweru City Council's bank accounts to recover over ZWG3 million in unpaid taxes, affecting the council's financial transactions. Mayor Martin ...Published: 03 Jul 2024 at 10:27hrs | 2 | by Staff reporter
ZINASU wants CVs of recently appointed Judges
The Zimbabwe National Students Union president, Allan Chipoyi, has issued an ultimatum to the Judicial Service Commission, demanding that they provide the CVs and scoresheets of the recently appointed...Published: 27 Jun 2024 at 14:49hrs | 4 | by Staff reporter
Ingwebu seeks bill payment holiday
Ingwebu Breweries, owned by Bulawayo City Council, has requested an exemption from paying its water bill, which has accumulated to over US$400,000. This request was detailed in the latest council minu...Published: 24 Jun 2024 at 06:55hrs | 1 | by Staff reporter
Mutapa portfolio grows to 66 companies
The Mutapa Investment Fund (Mutapa) manages a diverse portfolio of 66 state-owned enterprises (SOEs), their subsidiaries, and state-invested enterprises (SIEs). This portfolio includes entities in var...Published: 16 Jun 2024 at 09:13hrs | 21 | by Staff reporter
BCC writes off 864 bills
The Bulawayo City Council (BCC) has written off bills for over 800 properties, deeming them irrecoverable due to the high cost of recovery relative to the amounts owed. The total amount written off is...Published: 16 Jun 2024 at 09:10hrs | | by Staff reporter
Zupco forced to suspend operation
The Zimbabwe Passenger Company (Zupco) has been forced to suspend operations due to a fuel shortage, despite the country having adequate fuel supplies. This crisis, ongoing for three weeks, is...Published: 04 Jun 2024 at 12:52hrs | 8 | by Staff reporter
Attachment of residents' houses displays CCC's heartless agenda
The decision by the Harare City Council (HCC) to take drastic measures against low-income residents who are struggling to pay their monthly rates by attaching over 50 properties due to non-payment, ha...Published: 04 Jun 2024 at 08:28hrs | | by Tonderai Ndoro
City Council attaches 50 houses
The Harare City Council (HCC) has seized over 50 properties from residents and businesses that have defaulted on paying their monthly rates. More than 4,000 ratepayers with overdue balances exceeding ...Published: 02 Jun 2024 at 09:00hrs | 9 | by Staff reporter
Zimbabwe's ZPC struggles to procure new equipment
Zimbabwe Power Company (ZPC) management highlighted the ongoing challenge of insufficient funds for procuring spare parts and equipment to maintain aging machinery, impacting energy sufficiency. Durin...Published: 30 May 2024 at 08:35hrs | 2 | by Staff reporter
NOIC suffers blow in US$160,000 arbitration award
The High Court has ruled in favor of the contractor in a dispute with the National Oil Infrastructure Company of Zimbabwe (NOIC) overpayment for supplying and installing instrumentation, control, and ...Published: 28 May 2024 at 09:55hrs | 1 | by Staff reporter
Residents risk losing properties over unpaid bills
The Bulawayo City Council has warned that thousands of residents may lose their properties if they default on paying their bills.Over 2,000 households have already had their water supplies dis...Published: 21 May 2024 at 08:17hrs | 2 | by Staff reporter
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | | by Staff reporter
ZiG needs to be backed by RBZ discipline
According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets lik...Published: 16 Apr 2024 at 18:04hrs | 2 | by Zimbabwe Coalition on Debt and Development
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 2 | by Staff reporter
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 1 | by Nomazulu Thata
Zesa struggling to clear debts
ZESA Holdings has revealed that it is barely managing to meet its foreign and local obligations owing to the country's tight economic situation.The utility is struggling to service a US$2 bill...Published: 20 Mar 2024 at 06:34hrs | | by Staff reporter
Air Zimbabwe flogging it's iconic Boeing 737-200 workhorses
Air Zimbabwe is flogging off two of its iconic Boeing 737-200 workhorses via sale by tender, highlighting the fall from grace of an airline which used to rank among the most vibrant flag carriers in A...Published: 11 Mar 2024 at 09:03hrs | 1 | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | 2 | by Staff reporter
Court grants farm ownership to tenant after 30 years of rent
IN a landmark ruling, the High Court of Zimbabwe has declared that a tenant can take ownership of a property in which one has been consistently paying for rates and rentals for a period of 30 years....Published: 10 Mar 2024 at 06:27hrs | 1 | by Staff reporter
Mnangagwa regime doing the work of US sanctions in Zimbabwe!
My own views on this sanctions issue have always been that we needed to prove these measures were the cause of our suffering. I have never denied that there have been targeted sanctions impose...Published: 06 Mar 2024 at 23:01hrs | 5 | by Tendai Ruben Mbofana
Zimbabwe govt workers starving
FUNERAL policies and medical aid contributions are gobbling up a huge chunk of civil servants earnings, leaving most of them with little for food, rent, school fees and transport, NewsDay has been inf...Published: 16 Feb 2024 at 05:02hrs | | by Staff reporter
BCC's US$ revenue improves
BULAWAYO City Council (BCC) has revealed that it has collected about 45% of its debts in United States dollars from ratepayers as its credit control policy begins to bear fruit.In an interview...Published: 16 Feb 2024 at 04:58hrs | | by Staff reporter
Chaos in ACCZ, as dismissed clergymen resist Ndanga's unconstitutional authority
In yet another dismal performance episode and absolute testimony of failure, the Apostolic Christian Council of Zimbabwe's few remaining bishops have resisted dismissal by its former leader, Arch-bish...Published: 07 Feb 2024 at 08:01hrs | 9 | by Ndou Paul in Zvishavane
Zimbabwe farmers appeal for water tariffs review downwards
COMMERCIAL farmers have appealed to the Zimbabwe National Water Authority's (Zinwa) to revise water tariffs downwards saying the latest review from US$10, 76 to US$10 was negligible and therefore hard...Published: 31 Jan 2024 at 04:46hrs | 1 | by Staff reporter
Gweru to engage debt collector
THE Gweru City Council (GCC) has resolved to engage a debt collector in a bid to force residents and ratepayers to settle their monthly bills and help recover the nearly $71 billion owed by its client...Published: 26 Jan 2024 at 04:43hrs | 1 | by Staff reporter
Gweru City Council struggles to pay December salaries
THE cash-strapped Gweru City Council (GCC) is struggling to pay its workers their December salaries including bonuses.The failure by the local authority to pay its 1 200 employees has had a ne...Published: 11 Jan 2024 at 05:12hrs | 1 | by Staff reporter
Gwanda launches blitz on illegal billboards
In a notice, Gwanda town clerk Priscilla Nkala said all billboards must be approved by the council to remain in place or to be installed.GWANDA municipality has launched an operation to remove...Published: 04 Jan 2024 at 06:02hrs | 5 | by Staff reporter
Air Zimbabwe missing in action
AIR Zimbabwe, which faces a myriad of problems ranging from mounting debts, ageing aircraft, government interference and poor management, has become a pale shadow of itself as it is failing to make a ...Published: 27 Dec 2023 at 17:26hrs | 8 | by Staff reporter
Zimbabwe to recruit 5 000 teachers
At least 5 000 teachers will be recruited next year, with Government expanding its teaching force as it seeks to continue reducing teacher to pupil ratio from 1:45 towards the target of 1:35.P...Published: 27 Dec 2023 at 07:24hrs | 4 | by Staff reporter
Is China good for Zimbabwe?
IMAGINE your father having an "all-weather friend" who appears to stand by him in every situation.This seemingly "all-weather friend", however, looks away as your father brutally batters your ...Published: 20 Dec 2023 at 09:10hrs | 6 | by Tendai Ruben Mbofana
Is China really helping suffering Zimbabweans?
Imagine your father has an 'all-weather friend', who appears to stand by him in every situation.He looks away as your father brutally batters your mother and does not appear to give a hoot whe...Published: 14 Dec 2023 at 12:39hrs | 6 | by Tendai Ruben Mbofana
Zimbabwe central bank fails to pay Equatorial Guinea debt for 40MW solar project
The Reserve Bank of Zimbabwe (RBZ) has reportedly failed to fulfill part of its debt to Equatorial Guinea for a local investment in a 40MW solar project in Bwoni Village, Seke District, according to i...Published: 08 Dec 2023 at 05:39hrs | 5 | by Staff reporter
Mthuli Ncube's budget dilemma
DON'T tell me what you value, show me your budget and I'll tell you what you value:" Joe Biden.Ordinarily, Finance minister Mthuli Ncube should have presented the ZWL$47,8 trillion 2024 nation...Published: 25 Nov 2023 at 07:59hrs | 4 | by Paidamoyo Muzulu
Beitbridge runs dry as Zinwa halts supplies
BEITBRIDGE Municipality has been forced to introduce a four-day water-shedding regime after the Zimbabwe National Water Authority (Zinwa) restricted supplies over an outstanding debt.This is a...Published: 14 Nov 2023 at 04:50hrs | 5 | by Staff reporter
Govt seeks to set up sugar mill
The government is preparing to establish a new sugar milling company in the Lowveld region after its unsuccessful attempt to purchase Tongaat Hulett, one of the country's major sugar estates. Tongaat ...Published: 01 Nov 2023 at 05:56hrs | | by Staff reporter
Zimbabweans among top 5 most exploited nationals in UK
A LATEST situational report by a non-profit organisation in the United Kingdom (UK) has painted a gloomy picture that reeks of massive exploitation, bordering on slavery, of migrants from developing c...Published: 29 Oct 2023 at 19:30hrs | | by James Muonwa
Gwanda mayor says, 'I am Mnangagwa's first-born-mayor'
The only mayor from the ruling Zanu-PF party in Zimbabwe, Thulani Moyo of Gwanda Municipality, expressed his excitement at being referred to as President Emmerson Mnangagwa's "first-born mayor" follow...Published: 26 Oct 2023 at 13:31hrs | 1 | by Staff reporter
Zimbabwe power cuts could persist until late November
Ongoing power outages could persist until late November, power utility ZESA said on Wednesday as it blamed technical faults at Hwange Power Station where a new 300 MW power generator is also undergoin...Published: 25 Oct 2023 at 19:30hrs | 2 | by Staff reporter
Zimbabwe wants new IMF staff-monitored program by April
Zimbabwe hopes to agree a new staff-monitored program with the International Monetary Fund (IMF) by April next year, with an IMF team due to visit later this month for initial talks, its finance minis...Published: 14 Oct 2023 at 08:56hrs | | by Staff reporter
Is democracy effective in Zimbabwe?
In the words of Panel Mlotshwa, "allowing politically illiterate people to vote is like giving a five-year-old a loaded gun."I do not just share the sentiments but believe that the 'illiteracy...Published: 12 Oct 2023 at 06:39hrs | | by Trayson Godfrey Dube
How to secure your legacy through setting up a Family Trust
In the world of life's certainties, where the inevitabilities of death and taxes loom large, few of us take the time to ponder the fate of our hard-earned assets after our journey on this mortal plane...Published: 04 Oct 2023 at 18:02hrs | | by Clifford S. Ncube
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