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BancABC uses 'dirty tactics' to silence bosses?
BancABC is engulfed in controversy, facing accusations of fabricating charges against at least nine top managers as part of a strategy to evade paying retrenchment packages, NewZimbabwe.com has learne...Published: 21 hrs ago | 961 | by Staff reporter
Armed robbers pounce on Bulawayo school
In a brazen incident of armed robbery, a gang of four assailants ambushed two security guards at Greengables High School on Thursday, October 31, 2024, stealing over $2,000 in cash and various electro...Published: 03 Nov 2024 at 10:15hrs | 731 | by Staff reporter
Bonuses for civil servants will be paid starting Friday next week
Starting Friday next week, Zimbabwean public sector employees will begin receiving their 2024 annual bonuses, with the first 50 percent instalment to be paid alongside November salaries and the remain...Published: 03 Nov 2024 at 10:05hrs | 643 | by Staff reporter
Dr Nkululeko Sibanda's assets to be forfeited
The National Prosecuting Authority of Zimbabwe (NPAZ) has filed a High Court application to seize properties worth millions of dollars from the estate of the late businessman Dr. Nkululeko Sibanda, ac...Published: 03 Nov 2024 at 10:03hrs | 2787 | by Staff reporter
Management shake up at RBZ
The Reserve Bank of Zimbabwe (RBZ) is initiating a significant remodelling of its management structure as newly appointed Governor John Mushayavanhu aims to assemble a capable team to address the coun...Published: 01 Nov 2024 at 06:48hrs | 2437 | by Staff reporter
Godongwana controversially allocates R321 million to Western Cape
In a surprising move, Finance Minister Enoch Godongwana has allocated an additional R321 million in basic education funding exclusively to the Western Cape, sparking concerns and calls for transparenc...Published: 31 Oct 2024 at 11:58hrs | 1646 | by Staff reporter
Weak currency key to economic growth, says Mthuli Ncube
Finance, Economic Development and Investment Promotion Minister Mthuli Ncube has defended Zimbabwe's weak domestic currency, asserting that it has played a crucial role in fostering economic growth. S...Published: 31 Oct 2024 at 06:52hrs | 636 | by Staff reporter
Manager in court over ghost workers
Tinashe Madzima, a human resources manager at Livetouch Investments Private Limited, appeared in court on Tuesday facing fraud charges after allegedly creating fictitious employee accounts to defraud ...Published: 31 Oct 2024 at 06:50hrs | 652 | by Staff reporter
Economy registers three-year growth, says Prof Ncube
Zimbabwe has sustained robust economic growth over the past three years, averaging an impressive 6.8 percent annually, despite significant currency fluctuations, Finance, Economic Development, and Inv...Published: 31 Oct 2024 at 06:48hrs | 89 | by Staff reporter
'Sovereignty ego maintaining Zimbabwe's ailing ZiG'
Zimbabwe is facing a profound economic crisis largely rooted in its insistence on maintaining currency sovereignty, even as the nation clings to a failing local currency, experts warn. Nkanyezi Ndlovu...Published: 30 Oct 2024 at 10:36hrs | 888 | by Staff reporter
Mnangagwa's driver dies mysteriously at Bulawayo hotel
In a shocking turn of events, Ishmael Maburisa, the driver of Deputy Finance Minister David Mnangagwa, was found dead in his hotel room on Sunday, October 27, just hours after the conclusion of the Za...Published: 30 Oct 2024 at 08:32hrs | 4944 | by Staff reporter
Willowgate linked minister in another scandal involving 'stolen' millions
The High Court has mandated Public Service, Labour and Social Welfare Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava, who is linked to the Willowgate motor scandal, to re...Published: 30 Oct 2024 at 07:56hrs | 693 | by Staff reporter
One-stop-shop for Victoria Falls road upgrade
The Zimbabwean government has established a one-stop-shop to streamline coordination between key stakeholders and expedite the finalisation of a concession agreement for the rehabilitation of the Beit...Published: 30 Oct 2024 at 07:54hrs | 1140 | by Staff reporter
Zimbabwe ministers convicted for borrowing delinquency
Public Service Minister July Moyo and Higher and Tertiary Education Minister Fredrick Shava have been ordered by the High Court to repay a staggering ZWG206,370,840, which was borrowed from critical s...Published: 29 Oct 2024 at 16:37hrs | 5718 | by Staff reporter
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4487 | by Staff reporter
Mnangagwa's govt in soup over unsanctioned US$500m 'loan'
A local citizen, Marvelous Khumalo, has taken the Zimbabwean government to court, demanding the repayment of over half a billion United States dollars allegedly misappropriated through unauthorized bo...Published: 29 Oct 2024 at 07:44hrs | 1089 | by Staff reporter
RBZ rubbishes Chamisa lawyer's claims on ZiG
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed that the Zimbabwe Gold (ZiG) currency remains the country's legal tender, dismissing speculation that it had expired following the lapse of Statutory ...Published: 29 Oct 2024 at 07:25hrs | 352 | by Staff reporter
ZiG remains fully legal and operational, says RBZ
The Reserve Bank of Zimbabwe (RBZ) has reassured the public that the Zimbabwe Gold (ZiG) currency remains fully legal and operational, dismissing concerns about potential regulatory gaps. This clarifi...Published: 28 Oct 2024 at 17:12hrs | 1006 | by Staff reporter
IMF cautions Zimbabwe
ZIMBABWE won't solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said."There's a tendency t...Published: 27 Oct 2024 at 12:30hrs | 4002 | by Staff reporter
Mnangagwa, Chiwenga battle lines drawn
The recently concluded ZANU-PF conference has unveiled deepening rifts within the ruling party, with factions positioning themselves for the succession battle of President Emmerson Mnangagwa. Tensions...Published: 27 Oct 2024 at 12:29hrs | 5362 | by Staff reporter
Tshabangu in bruising tussle over windfall
Employees of the opposition Citizens Coalition for Change (CCC) have turned to Justice Minister Ziyambi Ziyambi, appealing for assistance in recovering approximately US$1.2 million in outstanding sala...Published: 27 Oct 2024 at 12:29hrs | 4450 | by Staff reporter
Zimbabwe's new policy outlines plans to widen tax base
The Zimbabwean government has announced a new policy under the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) to simplify tax models for Small to Medium Enterprises (SMEs). This move aims ...Published: 27 Oct 2024 at 12:18hrs | 259 | by Staff reporter
BCC urged to conduct thorough research before policy implementation
Bulawayo City Council has been urged to conduct thorough research before implementing policies to ensure proper service delivery.The call was made by ward 2 councillor, Adrian Rendani Moyo rec...Published: 26 Oct 2024 at 09:47hrs | 186 | by Stephen Jakes
Gweru makes it expensive to die
Residents of Gweru are expressing their outrage over the Gweru City Council's (GCC) proposed 2025 budget, which includes significant increases in cemetery fees, some rising by more than 100 percent. T...Published: 25 Oct 2024 at 08:47hrs | 370 | by Staff reporter
IMF upgrades Russia to world's fourth-largest economy
The International Monetary Fund (IMF) has ranked Russia as the world's fourth-largest economy based on purchasing power parity (PPP). PPP compares economic produc...Published: 24 Oct 2024 at 16:21hrs | 6277 | by Staff reporter
The real story behind Britain's withdrawal from Zimbabwe's land reform: Exposing corruption and mismanagement
AS SOUTHERN Africa approaches another 'SADC Anti-Sanctions Day,' the Zimbabwean government is once again amplifying the narrative that economic sanctions, particularly from Western countries like the ...Published: 23 Oct 2024 at 20:37hrs | 844 | by Tendai Ruben Mbofana
Mthuli Ncube's Ministry fails to provide Zimbabwe's basic economic data
Officials from Zimbabwe's Ministry of Finance faced sharp criticism on Monday during a Parliamentary Portfolio Committee on Budget and Finance meeting after arriving unprepared for the 2025 budget con...Published: 23 Oct 2024 at 15:58hrs | 254 | by Staff reporter
Zimbabwe suspends duty on bus, lorry tyre imports
The Zimbabwean government has suspended import duty on commercial tyres for buses and lorries in a bid to strengthen the public transport system. The move, announced by Finance, Economic Development a...Published: 23 Oct 2024 at 07:48hrs | 455 | by Staff reporter
Is Zimbabwe about to create land oligarchs?
The government, through Information minister Jenfran Muswere, has announced a significant shift in land policy, declaring that state land, previously offered to local indigenous people under the "land...Published: 21 Oct 2024 at 11:06hrs | 693 | by Admire Maparadza Dube
Deeds Office sucked into Harare land scam
The Harare City Council (HCC) land scam involving plots in Greendale has escalated, drawing in the Deeds Office amid serious allegations of the creation of fake deeds by individuals allegedly linked t...Published: 21 Oct 2024 at 07:51hrs | 694 | by Staff reporter
Swipe machines now mandatory in Zimbabwe
The Consumer Protection Commission has launched an enforcement blitz against businesses refusing to accept Point-of-Sale (POS) machine transactions, making it mandatory for all businesses to comply wi...Published: 21 Oct 2024 at 07:41hrs | 3167 | by Staff reporter
Sengezo Tshabangu up and running, in good health
Sengezo Tshabangu, the secretary-general of the opposition Citizens Coalition for Change (CCC), is up and running after being reported to have been moved to the intensive care unit (ICU) of a hospital...Published: 20 Oct 2024 at 14:21hrs | 4319 | by Staff reporter
Gweru dumpsite relocation delayed again
The relocation of the Woodlands dumpsite in Gweru has been postponed once more, primarily due to delays in receiving necessary paperwork from the government, despite the City Council having already id...Published: 20 Oct 2024 at 14:06hrs | 38 | by Staff reporter
BCC considers introduction of Tradable Municipal Bonds
The City of Bulawayo is exploring new ways to finance its critical infrastructure projects through a joint proposal from Financial Services Exchange (Private) Limited and Nedbank. The proposal aims to...Published: 20 Oct 2024 at 12:16hrs | 114 | by Staff reporter
SA constitution serves the elite and the neoliberal agenda
The MK Party has called for the scrapping of South Africa's constitution, claiming it serves the elite and the neoliberal agenda. The party, led by former president Jacob Zuma who was in the A...Published: 19 Oct 2024 at 19:59hrs | 249 | by Staff reporter
BRICs payment system being tested
A new digital payments system, BRICS Pay, debuted for live testing at this week's BRICS Business Forum at the International Trade Center in Moscow.During the trial - on 17 and 18 October - for...Published: 19 Oct 2024 at 15:54hrs | 1736 | by Staff reporter
Setback for Ramaphosa as another major retailer in South Africa closes its doors
Jumia Technologies, the Africa-focused e-commerce retailer that operates popular online retailer Zando, says it will be exiting the South African business by the end of the year to sharpen its focus o...Published: 19 Oct 2024 at 12:31hrs | 9553 | by Staff reporter
Zimbabwe govt launches major housing project in Matabeleland North
In a significant step toward its goal of providing affordable housing for all citizens, the Zimbabwean government has launched a new housing project in Emthunzini Township, Matabeleland North Province...Published: 19 Oct 2024 at 12:05hrs | 5799 | by Staff reporter
The PVO Bill is a threat to Zimbabwe's democracy
The recent passing of the Private Voluntary Organization (PVO) Bill by the Zimbabwe Senate has sparked widespread concern among civil society organizations and democracy advocates. The bill, w...Published: 18 Oct 2024 at 21:07hrs | 374 | by Tendai Ruben Mbofana
Mnangagwa's govt pushes for mandatory brainwashing for MPs, councillors
Minister of Justice, Legal and Parliamentary Affairs Ziyambi Ziyambi has thrown his weight behind a proposal to require all elected councillors and legislators to attend ZANU PF's Herbert Chitepo Scho...Published: 18 Oct 2024 at 20:25hrs | 367 | by Staff reporter
Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1264 | by Staff reporter
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1695 | by Staff reporter
Timba-led Chamisa faction fails
The High Court, led by Justice Faith Mushure, has dismissed an urgent application from the Jameson Timba-led faction of the Citizens Coalition for Change (CCC) that sought to block another faction fro...Published: 18 Oct 2024 at 08:49hrs | 299 | by Staff reporter
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 255 | by Staff reporter
Over 1,000 beneficiaries receive title deeds in Epworth
More than 1,000 people in Epworth, Harare Metropolitan Province, have received title deeds under the Presidential title deeds and regularisation programme, offering homeowners security over their prop...Published: 18 Oct 2024 at 08:32hrs | 102 | by Staff reporter
Zanu-PF gold baron refutes owing US$3m in gold deliveries, threatens
Zanu-PF's Insiza North Member of Parliament, Farai Taruvinga, a well-known gold magnate in Matabeleland South, is embroiled in a legal battle with gold buyer Shasha Richard Gomez over an unpaid gold d...Published: 17 Oct 2024 at 17:12hrs | 3884 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3240 | by Engineer Jacob Kudzayi Mutisi
Prophet Magaya does not have O-levels?
A potentially massive scandal is brewing in Zimbabwean football, as Prophet Walter Magaya and Gift Banda, a former Zimbabwe Football Association (ZIFA) vice president, stand accused of attempting to m...Published: 17 Oct 2024 at 16:11hrs | 5517 | by Staff reporter
Mbare fire evidence disappears
Investigations into the cause of the devastating fire that engulfed Mbare Musika last week have reportedly stalled as vendors rushed to clean up and reclaim the affected space, NewsDay has learned. Th...Published: 17 Oct 2024 at 13:26hrs | 661 | by Staff reporter
Gwayi-Tshangani Lake: A timeline of missed deadlines and delays
The Gwayi-Shangani dam was first mooted in 1912 by the colonial Rhodesia government. Its construction is part of the National Matabeleland Zambezi Water Project. It is projected to solve the Bulawayo ...Published: 17 Oct 2024 at 12:38hrs | 950 | by Staff reporter
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