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Chivayo hijacks US$40m corrupt ZEC deal
CONTROVERSIAL businessman Wicknell Chivayo, who is close to President Emmerson Mnangagwa and other high-profile government officials, corruptly got a windfall from a murky Zimbabwe Election Commission...Published: 28 May 2024 at 12:47hrs | 12 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 9 | by Staff reporter
Zupco terminates contracts for urban buses
THE Zimbabwe United Passenger Company (Zupco) has initiated a process of terminating its contracts with private owners of buses plying urban routes.The move comes as the remaining buses on con...Published: 16 Feb 2024 at 04:57hrs | | by Staff reporter
NetOne takes legal action against overpricing of sim cards
STATE-OWNED telecommunications operator, NetOne has said it will take legal action against partners and individuals who are selling the mobile network provider's for more than US$1 or Zimbabwe Dollar ...Published: 15 Feb 2024 at 10:03hrs | | by Staff reporter
Zimbabwe pushes for UniVisa system
ZIMBABWE is pushing for the revival of the UniVisa model with regional peers to enhance smooth passage of visitors at the country's ports of entry so that they can move around with just one visa in th...Published: 10 Jan 2024 at 05:35hrs | 8 | by Staff reporter
Vendor in Zimbabwe bludgeoned to death "for overpricing"
ENRAGED over "high prices" two men beat a vendor with a hammer and sticks, resulting in his death after he was admitted to Mpilo Central Hospital.Confirming the incident which occurred in Cowd...Published: 28 Jun 2023 at 20:25hrs | | by Staff reporter
Overpricing shops penalised, 16 bank accounts frozen in RBZ price blitz
THE Reserve Bank of Zimbabwe Financial Intelligence Unit (FIU) has ordered retailers and manufacturers who were exclusively charging certain goods in foreign currency and using the black-market rate f...Published: 18 Jun 2023 at 08:35hrs | | by Staff reporter
Retailers defy Mnangagwa's government
SOME big supermarkets in Bulawayo are now exclusively charging certain goods and products in foreign currency and using the black-market rate for currency conversions in defiance of Government monetar...Published: 15 Jun 2023 at 06:44hrs | | by Staff reporter
NetOne threatens to blacklist dealers for overpricing
TELECOMMUNICATIONS operator, NetOne, has embarked on a drive to intensify its distribution channels countrywide in a bid to neutralize parallel market speculators and make its SIM card readily availab...Published: 29 May 2023 at 19:33hrs | 1 | by Staff reporter
Zimbabwe's FIU to probe businesses inflating prices for USD bank transfers
THE Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has said it will investigate unethical behaviour exhibited by various businesses after it emerged that they are forcing customers to pa...Published: 28 May 2023 at 08:00hrs | 2 | by Staff reporter
NetOne allays SIM card shortage fears
Mobile network provider, NetOne Cellular, has dismissed allegations that it is short of SIM cards those touts and dubious agents trying to sell SIM cards for US$4, four times the official price of US$...Published: 22 May 2023 at 06:33hrs | 1 | by Staff reporter
RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 29 Jan 2023 at 07:42hrs | 7 | by Staff Reporter
Key priority projects allocated $1,1 trillion
Key infrastructure projects such as the Harare-Beitbridge highway upgrade and construction of Lake Gwayi-Shangani, have been allocated $1,1 trillion as the Government moves to accelerate their complet...Published: 25 Nov 2022 at 05:04hrs | | by Staff reporter
Zimbabwe starts disbursement of 4 500 small gold coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow start disbursing 4 500 smaller units of Zimbabwe's Mosi-oa-Tunya gold coins to banks ahead of planned release of the bullion coins in the market on Tue...Published: 10 Nov 2022 at 04:54hrs | 1 | by Staff reporter
Chiwenga says inflated prices delaying budget disbursement
VICE-PRESIDENT and Health minister Constantino Chiwenga says some government departments are overpricing goods and services, a situation that has resulted in delayed disbursement of funds to line mini...Published: 22 Oct 2022 at 05:42hrs | | by Staff reporter
LSU procurement rocked by serious irregularities because of non qualified leadership
Lupane State University is one of the Universities that offer a Degree in Supply Chain Management, but its Procurement Management unit (PMU) is poorly managed as a non-procurement was assigned to over...Published: 23 Sep 2022 at 12:17hrs | 10 | by Stephen Jake
Zimbabwe's high inflation forecast to plunge to 3%?
ZIMBABWE's month-on-month inflation rate is expected to fall to three percent by year-end while the annual rate is seen dropping below 100 percent on the back of monetary and fiscal interventions the ...Published: 20 Sep 2022 at 06:02hrs | 1 | by Staff reporter
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 1 | by Staff reporter
Govt clamps down on advance payments
Treasury is working on stringent measures to regulate advance payments for contractors, after some failed to deliver on their contractual obligations and others indulged in financial speculation on th...Published: 30 Aug 2022 at 06:30hrs | | by Staff reporter
Zimbabwe currency speculators cornered?
THE retreat of the recent inflation spiral is expected to accelerate, and purchasing power increase in light of recent pay rises without matching price rises, as speculative market forces are being co...Published: 15 Aug 2022 at 06:38hrs | | by Staff reporter
RBZ summons retailers, manufactures
RETAILERS and manufacturers have been summoned to a no-holds-barred meeting on price hikes by the Financial Intelligence Unit (FIU), a unit of the Reserve Bank of Zimbabwe, especially against the back...Published: 17 Jul 2022 at 09:05hrs | | by Staff reporter
Massive looting exposed at CIO
CENTRAL Intelligence Organisation (CIO) financial records are in a shambles amid fears that senior officers in the state spy agency are presiding over massive looting and hounding out two senior emplo...Published: 04 Jun 2022 at 20:00hrs | 3 | by Staff reporter
Ukraine war hits global wheat supply
Zimbabweans should brace for higher bread and flour prices triggered by growing global demand for wheat following the closure of ports in Ukraine and disruption to supplies from Russia, the two countr...Published: 08 Mar 2022 at 08:23hrs | | by Staff reporter
Zera releases new retail price for LPG
THE Zimbabwe Energy Regulatory Authority (Zera) has set retail prices for Liquid Petroleum (LP) Gas following complaints of overpricing. Most residents in suburbs where there is no electricity use gas...Published: 24 Aug 2021 at 06:29hrs | | by Staff reporter
Zimbabweans paying more than necessary for Covid tests
ZIMBABWEANS are forking out way above what should be logically reasonable, up to over 100% more than their neighbouring South Africans for similar Covid-19 tests.Laboratories and some private ...Published: 01 Jul 2021 at 14:51hrs | | by staff reportr
CCZ squeals over consumer rights violations
THE Consumer Council of Zimbabwe (CCZ) has accused unscrupulous retailers of overpricing, multi-tier pricing and selling substandard goods taking advantage of consumers' ignorance of their rights ensh...Published: 17 Jun 2021 at 06:11hrs | | by Staff reporter
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 4 | by Staff reporter
Chamisa controlled HCC hit by fresh corruption scandal
THE Harare City Council (HCC) has been hit by a fresh corruption scandal after a tender to supply 10 000 Tyvek Covid-19 protective overalls worth ZW$51 520 000 was awarded without going to tender to a...Published: 31 Dec 2020 at 11:03hrs | 1 | by Staff reporter
Christmas fever grips Bulawayo
HUNDREDS of people yesterday thronged supermarkets in Bulawayo to make last-minute shopping ahead of Christmas Day today. Shop attendants said they recorded much business with many outlets res...Published: 25 Dec 2020 at 07:08hrs | 1 | by Staff reporter
Prioritise locals over Chinese contractors for the benefit of Zim economy
Kenyan law professor Patrick Lumumba gets animated when he talks about China's rising influence on the African continent where governments get blinded by their fraternal ties with the Communist Party ...Published: 30 Sep 2020 at 10:51hrs | 7 | by Anthony Matutu
Mandiwanzira cleared of corruption charges after 2 years
Former Information Technology minister Supa Mandiwanzira was acquitted on a charge of criminal abuse of office on Friday, more than two years after his arrest.The Nyanga South MP had been char...Published: 25 Sep 2020 at 19:54hrs | | by Staff reporter
Mnangagwa felt Chin'ono 'crossed the line'
JOURNALIST Hopewell Chin'ono has narrated how President Emmerson Mnangagwa was infuriated following a series of articles he had written exposing how the first family was corruptly benefiting from gove...Published: 13 Sep 2020 at 07:01hrs | | by newzimbabwe
Competition and Tariffs Commission exposes consumers
The Competition and Tariff Commission has banned the self regulation mechanisms which had been setup by the Grain Millers Association of Zimbabwe and other retailers in a bid to cushion the consumers ...Published: 05 Aug 2019 at 13:30hrs | | by Mandla Ndlovu
Mnangagwa ally faces probe in $3bn scandal
The Zimbabwe Anti-Corruption Commission (Zacc) is investigating possible abuse of funds under the controversial command agriculture scheme amid claims that there are no records of how close to US$3 bi...Published: 21 Jul 2019 at 10:23hrs | | by Staff reporter
Government to name and shame overpricing shops
ZANU-PF national secretary for the commissariat Victor Matemadanda yesterday warned businesses in Bulawayo against selling goods at exorbitant prices, saying corrective measures will soon be taken aga...Published: 09 Jul 2019 at 07:21hrs | | by Staff reporter
Acting President Mohadi appeals to businesses on prices
Vice President Kembo Mohadi has appealed to local businesses to support the Government's economic realignment measures through implementing a fair pricing model to avoid causing unnecessary suffering ...Published: 08 Jul 2019 at 07:56hrs | | by Staff reporter
Big supermarkets castigated for overpricing
Industry and Commerce Minister Honourable Mangaliso Ndlovu has castigated big supermarkets for overpricing their products and exposed a forex syndicate of downtown business owners and illegal foreign ...Published: 04 Jul 2019 at 20:33hrs | 3 | by Staff reporter
Millers to do away with middlemen
THE Grain Millers' Association of Zimbabwe (GMAZ) is considering eliminating the role of wholesalers in the distribution of basic commodities to make them affordable to consumers. Addressing r...Published: 03 Jul 2019 at 08:33hrs | | by Staff reporter
Zimbabweans told to snub profiteering retailers
COMMUNITY leaders have urged consumers to boycott buying goods from profiteering retailers as a way to protect themselves against wanton price hikes. Following Government's decision to s...Published: 29 Jun 2019 at 16:43hrs | | 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
Mnangagwa's govt subsidises mealie-meal prices
GOVERNMENT has stepped in to subsidise mealie-meal production and pricing so as to ensure the commodity is accessible to every household. Essentially, Treasury is paying about RTGS$10 for every 10kg o...Published: 25 Jun 2019 at 07:31hrs | | by Staff reporter
Grain millers cut supplies to overpricing shops
THE Grain Millers Association of Zimbabwe (GMAZ) has vowed to stop supplies to all shops which will be found liable of overcharging basic commodities.In an interview after overseeing a price m...Published: 23 Jun 2019 at 08:35hrs | | by Staff Reporter
'Zimbabwe has no price distortions'
GOVERNMENT has denied there is a three-tier pricing system with Industry and Commerce deputy minister RajeshKumar (Raj) Modi claiming the 2019 Monetary Policy Statement (MPS) by Reserve Bank of Zimbab...Published: 13 May 2019 at 16:19hrs | | by Staff reporter
The rationale behind Mnangagwa's pro-poor interventions
Since October last year prices of most basic commodities and services have been on an upward trajectory making life difficult for the majority of people. Manufacturers, retailers and other sup...Published: 28 Apr 2019 at 07:49hrs | 2 | by Khumbulani Vodlaza Sibanda
Zimbabweans plot to boycott over-pricing shops
BEITBRIDGE residents have threatened to boycott shops and service providers they feel are unfairly overpricing goods and services.The residents, who have formed social media groups, also want ...Published: 09 Feb 2019 at 07:12hrs | | by Staff reporter
Zanu-PF backs urban renewal
Zanu-PF Harare Province stands fully behind the Government's move to demolish illegal structures in the capital city and Chitungwiza to pave way for urban renewal.This was resolved at all the ...Published: 03 Feb 2019 at 11:38hrs | | by Staff reporter
Greed, graft major undoings for Zimbabwe
Over the years, the Zanu-PF leadership has taken the country and its citizens down a bottomless pit where recovery is proving very difficult.Since independence from the British in 1980, when t...Published: 18 Nov 2018 at 11:52hrs | | by Staff reporter
Fuel distribution being done round the clock
The fuel supply situation is expected to improve significantly as Government has instituted a raft of measures to ease the plight of consumers. Energy and Power Development Minister Dr Joram G...Published: 13 Oct 2018 at 07:06hrs | | by Staff reporter
Students protest over DStv, food
Harare Institute of Technology (HIT) students yesterday staged a demonstration against poor living conditions and lack of entertainment — DStv.Speaking to the Daily News yesterday, the HIT's...Published: 10 Apr 2018 at 12:09hrs | | by Staff reporter
REWIND: Jonathan Moyo savages General Chiwenga
On July 2, 2017, five months before the coup that dethroned Robert Mugabe, The Standard published the interview below.Zanu-PF politburo member Jonathan Moyo was last week described as an "enem...Published: 30 Jan 2018 at 17:21hrs | | by Staff reporter
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