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Gordhan gave tenders to his cronies, leaves a fractured legacy
ONCE praised as an "incorruptible" crusader in South Africa, Pravin Gordhan has left behind a legacy tarnished by mistakes, poor leadership, and growing corruption claims, giving rise to the question ...Published: 15 Sep 2024 at 12:35hrs | 1139 | by Sizwe Dlamini, Thabo Makwakwa, Manyane Manyane
US$1m stolen from Namibian bank was paid to Mugabe's pilot
A total of N$18,8 million (US$1m) stolen from SME Bank was transferred to and laundered by former Zimbabwean president Robert Mugabe's pilot and confidant Robert Mhlanga.This is according to c...Published: 20 Aug 2024 at 16:18hrs | 8416 | by Staff reporter
Chemist Siziba dies
Zimbabwean local businessman Chemist Siziba who was one of the pioneers in the mobile telecommunications industry has died.He was 77.Siziba died of kidney failure at Parirenyatwa Hospi...Published: 10 Mar 2024 at 07:05hrs | 26 | by Staff reporter
GMB fails to pay wheat farmers
Government has failed to pay wheat farmers for deliveries to the Grain Marketing Board (GMB), NewsDay has gathered.According to farmers, this has dented their festive mood.One farmer i...Published: 25 Dec 2023 at 09:33hrs | 7 | by Staff reporter
Vehicle scandal erupts in Zimbabwe govt
GOVERNMENT ministries have been caught in repeated vehicle scams amid revelations millions of dollars were spent on buying cars that were not delivered.The ministries include Home Affairs, Lan...Published: 31 Oct 2023 at 16:28hrs | | by Staff reporter
Why Mnangagwa blocked Mthuli Ncube's export tax
PRESIDENT Emmerson Mnangagwa recently blocked Finance minister Mthuli Ncube's 10% tax on mining exports to pay arrears on the country's debt overhang - which makes it difficult for the government to b...Published: 02 Jul 2023 at 17:27hrs | 13 | by Staff reporter
Mthuli Ncube banks on new currency measures
Finance minister Mthuli Ncube on Monday announced new measures to encourage the use of the Zimbabwe dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer infl...Published: 30 May 2023 at 15:10hrs | | by Staff reporter
Mthuli Ncube announces further measures to contain runaway inflation
FINANCE Minister Mthuli Ncube has announced a new series of measures to stabilise the economy amid hyperinflation fears.This comes barely two weeks after the Treasury boss scrapped duty on all...Published: 30 May 2023 at 06:53hrs | 2 | by Staff reporter
Zimparks kill problem Gutu crocodile
Zimparks rangers have shot and killed a notorious crocodile that recently attacked and seriously injured two teenage boys in Chivake River in Gutu.The two unnamed boys were hospitalised at Chi...Published: 28 Mar 2023 at 06:41hrs | 1 | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 1 | by Staff reporter
Chief Fuyana: The warrior who delivered the fatal blow on Major Allan Wilson
DEEP down in the hills of rural Matobo District sits Mbembeswana, a humble and unassuming village. But, humble as it may appear, it is where the remains of one of the greatest Ndebele warriors, Chief ...Published: 05 Aug 2022 at 06:39hrs | 2 | by Staff reporter
Zimbabwe central bank hikes interest rates to 200%
THE Reserve Bank of Zimbabwe (RBZ) on Monday hiked interest rates from 80% to 200% in a bid to block cheaper speculative borrowing which has adverse effects on exchange rates.The developments ...Published: 27 Jun 2022 at 19:08hrs | 7 | by Staff reporter
RBZ to introduce gold coins, hikes interest rates
RESERVE Bank of Zimbabwe (RBZ) says it will be introducing gold coins as part of measures to ensure investors and the general public have alternative means to preserve value, cushioning them from the ...Published: 27 Jun 2022 at 19:05hrs | 9 | by Staff reporter
Blocked funds choke NMB
NMBZ Holdings Limited (NMB) registered US$13,4 million debt because of blocked funds with the central bank which it owes to various line of credit providers, it has been revealed.NMB's financi...Published: 18 Apr 2022 at 10:30hrs | 1 | by Staff reporter
Zimbabwe Cricket savages Streak, Coltart
Zimbabwe Cricket has hit out at former national team coach Heath Streak for telling ‘lies' in a bid to clean his image as he serves an eight year ban.Streak was handed an eight year ban last...Published: 26 Jan 2022 at 04:45hrs | 8 | by Staff reporter
BCC gives property owners ultimatum
BULAWAYO City Council (BCC) has given owners of neglected or dilapidated commercial and industrial properties one month to make necessary payments before the properties are disposed of in terms of the...Published: 25 Jan 2022 at 05:41hrs | | by Staff reporter
CBZ tops blocked funds list
CBZ Bank has the highest amount (US$424 million) out of 580 companies with funds that could not be repatriated from the country - commonly known as blocked funds - latest official figures show....Published: 10 Jan 2022 at 05:57hrs | 5 | by Staff reporter
Gloomy Christmas beckons for civil servants
A GLOOMY festive season beckons for civil servants, the worst since 2008 according to unions representing State employees owing to low salaries amid a sharp rise in the prices of goods and services....Published: 18 Dec 2021 at 11:31hrs | 5 | by Staff Reporter
Gloomy X-mas beckons for civil servants
A GLOOMY festive season beckons for civil servants, the worst since 2008 according to unions representing State employees owing to low salaries amid a sharp rise in the prices of goods and services....Published: 17 Dec 2021 at 23:41hrs | 8 | by Staff reporter
IDC throws out bids for Deven
TWO local companies seeking a shareholding in Deven Engineering had their bids thrown out after they failed to offer the "best value for money" for the coach builder.Deven's core competence is...Published: 22 Nov 2021 at 05:50hrs | 6 | by Staff reporter
Zanu-PF bigwigs question Mnangagwa's legitimacy
ZIMBABWEAN President Emmerson Mnangagwa, struggling to consolidate and maintain power at the volatile helm amid renewed internal Zanu-PF infighting and disintegration of the coalition which drove his ...Published: 24 Sep 2021 at 18:57hrs | 1 | by Staff reporter
What are we really worth?
Recently I had breakfast with three friends and we were charged at the rate of ZW$115 to US$1 for our food, which was priced in US dollars.later I had coffee with another group of friends and ...Published: 28 May 2021 at 08:06hrs | | by Eddie Cross
Lawyers dig in to fight Mnangagwa
AS the government moved today to gazette controversial constitutional amendments to help President Emmerson Mnangagwa consolidate power as part of his 2023 re-election bid, agitated lawyers are diggin...Published: 08 May 2021 at 08:54hrs | | by Staff reporter
More trouble for Malaba as lawyers gird up for fight
TWO lawyer groupings, one in Harare and another in Bulawayo, are preparing to challenge the passing of the Constitution of Zimbabwe Amendment (No. 1) Bill in parliament last Tuesday, a move which pote...Published: 17 Apr 2021 at 16:25hrs | | by Staff reporter
Mnangagwa tramples on constitution over Malaba
CHIEF Justice Luke Malaba is back on track after a temporary derailment of a controversial extension of his tenure linked to President Emmerson Mnangagwa's 2023 re-election bid.This comes afte...Published: 13 Apr 2021 at 07:55hrs | | by Staff reporter
Air Zimbabwe administrator lays out debt settlement plan
AIR Zimbabwe (AirZim) has sent out debt settlement agreement proposals to its multitudes of creditors, including over 300 former workers axed as the troubled airline slipped into turbulence in the pas...Published: 13 Apr 2021 at 06:40hrs | | by Staff reporter
Case against paying compensation to white farmers for land appropriation
OUR Excellency, President ED Mnangagwa.We are living in a time when the vestiges of white hegemony and entitlement are, at long last, being challenged almost on a daily basis all over the worl...Published: 07 Apr 2021 at 07:05hrs | | by Cedric Steele
Cross-border divorce: The legal process
The year was 1995. At that time, Sibonokhuhle Kambarami, (not her real name), was a 26-yearold vivacious single lady. She was employed as a receptionist at a large commercial entity in Harare. Early o...Published: 01 Mar 2021 at 04:51hrs | 7 | by Tichawana Nyahuma
Zimbabwean banks strike forex auction settlement deal
ZIMBABWE's banking system has agreed to settle funds allocated at the foreign currency auction system within two weeks, central bank governor John Mangudya has said.Introduced in June 2020 to ...Published: 21 Feb 2021 at 07:06hrs | 4 | by Staff reporter
State entities dominate forex allocations, says Cross
STATE firms and government departments are collecting a significant amount of funds allocated at the Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction system weekly, crowding out the private s...Published: 29 Jan 2021 at 07:03hrs | | by Staff reporter
2021 budget: Fitting a round peg in a square hole
THE 2021 national budget due to be presented this afternoon presents one of the toughest challenges for Finance minister, Mthuli Ncube.He is expected to roll out strategies that will help the ...Published: 26 Nov 2020 at 07:27hrs | | by Staff reporter
Green Fuel selling ethanol in 'real money'
ZIMBABWE'S biggest ethanol producer Green Fuel is now selling the commodity in hard cash and accepts only transfers to its nostro foreign currency account accompanied by letters from the clients' bank...Published: 20 Nov 2020 at 06:12hrs | 6 | by Staff reporter
Fresh headache for Mnangagwa
Zimbabwe's billion dollar mining sector wants to wholly retain foreign currency receipts to be able to pay royalties, taxes and other levies which the authorities want them paid fully in United States...Published: 22 Oct 2020 at 07:16hrs | | by Staff Reporter
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 6 | by Staff reporter
Cabinet puts state firms up for sale
CABINET on Tuesday resolved to finalise the privatisation of perennial loss-making parastatals and state-owned enterprises by year-end after Finance minister Mthuli Ncube reported that it had become u...Published: 25 Sep 2020 at 07:54hrs | | by Staff reporter
Fresh scandal rocks ZESA
AN external audit has unearthed a massive scandal implicating a senior Zimbabwe Electricity Supply Authority (Zesa) executive who allegedly prejudiced the struggling power utility of millions of dolla...Published: 18 Sep 2020 at 06:44hrs | | by Staff reporter
Zimbabwe in its own league
Readers had a lot to chew last week. So much to chew that if one was not perceptive, he or she could have ended up in a maze. Let's dissect events of last week one by one and assess their impa...Published: 14 Sep 2020 at 06:31hrs | | by Staff reporter
Forex auction system has failed, claims Mashakada
THE forex auction system introduced by the Reserve Bank of Zimbabwe in June this year to contain the black market and stabilise the economy has been a major failure and will not achieve targeted resul...Published: 28 Aug 2020 at 19:37hrs | | by Staff reporter
Forex auction system has failed: Mashakada
THE forex auction system introduced by the Reserve Bank of Zimbabwe in June this year to contain the black market and stabilise the economy has been a major failure and will not achieve targeted resul...Published: 27 Aug 2020 at 07:34hrs | | by Staff reporter
RBZ tightens EcoCash squeeze
The Reserve Bank of Zimbabwe (RBZ) has directed Econet Wireless that EcoCash individual subscribers will, with immediate effect, be allowed to transact a maximum of Z$5,000 daily.Individuals a...Published: 26 Aug 2020 at 20:35hrs | 8 | by Staff reporter
Mnangagwa advisor lashes govt, Mthuli Ncube
One of President Emmerson Mnangagwa's most loyal backers, Eddie Cross, has attached the government-accusing it of "practising the worst kind of corruption" and struggling to keep the country afloat. ...Published: 09 Aug 2019 at 08:10hrs | | by Staff reporter
Austerity measures causing more suffering to Zimbabweans
Emmerson Mnangagwa's led government must come clean on the austerity measures implemented by Finance Minister Professor Mthuli Ncube.Zimbabwe announced austerity measures to spur the economic ...Published: 26 Jul 2019 at 07:47hrs | | by Leonard Koni
Closed banks: Depositors to be compensated in Zimdollars
GOVERNMENT has instructed its insurer to compensate holders of nostro accounts in closed banks in either US dollars or the equivalent in local currency, it was revealed.Currently, the Deposit ...Published: 24 Jul 2019 at 08:20hrs | 3 | by Staff reporter
It's up to us to make Zimdollar work
The record needs to be set straight that Finance minister Mthuli Ncube has done nothing outrageous and/or unprecedented by banning the use of foreign currencies in domestic transactions.Accord...Published: 28 Jun 2019 at 06:25hrs | | by Conway Tutani
Ex-ZPC board chair reveals other Chivayo beneficiaries
FORMER Zimbabwe Power Company chairperson Stanley Kazhanje, who is accused of concealing his business interests in Intratrek Zimbabwe, yesterday revealed in court that he was not the only engineer pai...Published: 27 Jun 2019 at 07:05hrs | | by Staff reporter
Another blow for Bulawayo
BULAWAYO textile manufacturing firm, National Blankets (Pvt) Limited, has been liquidated following years of poor performance and failure to find a good investment suitor in yet another blow to the ci...Published: 12 Jun 2019 at 08:59hrs | | by Staff reporter
Mnangagwa's govt polishes up interbank market
GOVERNMENT is working on ensuring efficient functioning of the interbank market to meet the economy's foreign currency requirements and bring sanity to price increases that are driven by black market ...Published: 28 May 2019 at 07:55hrs | | by Staff reporter
Patriotic Union of MaNdebeleland
While I was going through my archives I came across the Election Manifesto below. Quite interesting.PATRIOTIC UNION OF MANDEBELELAND (PUMA)ELECTION MANIFES...Published: 21 May 2019 at 12:35hrs | 11 | by PUMA
Parastatals to be privatised in six months, says official
The government expects to find investors for state enterprises earmarked for partial privatisation and tie up the deals in the next six months, an official has said.Zimbabwe has 107 state-owne...Published: 12 May 2019 at 06:25hrs | 1 | by Staff reporter
Foreign investors threaten ZSE pullout
The inability by foreign investors to repatriate capital and disinvestment proceeds from the country is hampering the performance of the Zimbabwe Stock Exchange, amid reports custodians are threatenin...Published: 03 May 2019 at 09:55hrs | | by Staff reporter
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