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US plotting to discredit Chinese investments in Zimbabwe
THE Bureau of Democracy, Human Rights, and Labor of the U.S. Department of State is implementing "an intricate plan" designed by Washington to smear Chinese businesses in Zimbabwe "through disinformat...Published: 13 hrs ago | 261 | by Staff reporter
Industry in fresh push for bailout
ZIMBABWE'S manufacturing sector has escalated its push for State-assisted bailout packages to stem a blazing crisis precipitated by the COVID–19 pandemic, a deteriorating foreign currency crisis and...Published: 15 Oct 2021 at 06:21hrs | 149 | by Staff reporter
Illicit dealings cost Zimbabwe $2bn annually
Zimbabwe Anti-Corruption Commission (Zacc) chairperson Justice Loice Matanda-Moyo has said the country is losing about $2 billion annually through illicit dealings with the private sector being the ma...Published: 15 Oct 2021 at 06:16hrs | 64 | by Staff reporter
Private sector major culprit of graft, says Zacc boss
THE Zimbabwe Anti-Corruption Commission (Zacc) says the private sector is the major culprit in corruption as players are evading taxes and inflating figures, among other ills causing serious damage to...Published: 14 Oct 2021 at 06:26hrs | 585 | by Staff reporter
Zesa promises to improve electricity supply
Electricity supplies are set to improve soon as Zesa completes a cocktail of interventions to end the major load shedding that has hit residential areas hard and has even affected industrial areas alt...Published: 14 Oct 2021 at 06:22hrs | 147 | by Staff reporter
'Forex rentals at blackmarket rates illegal'
PROPERTY owners and managers demanding rentals in foreign currency, without giving tenants an option to pay the equivalent in local currency using the auction rate, risk being arrested as the fight ag...Published: 14 Oct 2021 at 06:21hrs | 661 | by Staff reporter
Govt moves to block nurses' exodus
THE government has set up an inter-ministerial committee to look into the brain drain in the health sector following a sharp rise in the number of health professionals leaving the country for greener ...Published: 13 Oct 2021 at 06:10hrs | 1313 | by Staff reporter
Zimbabwe in new electricity import deals
Zimbabwe is negotiating for new power supply deals with Zambia and Mozambique, which could see the country importing additional 280 megawatts from the two countries, Energy and Power Development Minis...Published: 13 Oct 2021 at 06:09hrs | 455 | by Staff reporter
Zimra stalling development in the country
The Zimbabwe Revenue Authority is throwing stones in the way of President Emmerson Mnangagwa's vision 2030 as they are charging exorbitant duty to local and international investors who would want to i...Published: 12 Oct 2021 at 19:05hrs | 1328 | by Shelton Muchena recently in Victoria falls
Hwange struggles to obtain working capital
HWANGE Colliery Company Limited has struggled to access crucial lines of credit from domestic banks and international lenders since slipping into administration about two years ago, judicial manager D...Published: 12 Oct 2021 at 06:00hrs | 399 | by Staff reporter
PG orders probe into Esidakeni
Prosecutor General Mr Kumbirai Hodzi has directed the police to investigate possible violations of the exchange control and the tax laws in a transaction that saw two Zimbabweans claiming ownership of...Published: 11 Oct 2021 at 05:53hrs | 353 | by Staff reporter
PG orders probe into farm purchase
Prosecutor General Mr Kumbirai Hodzi has directed the police to investigate possible violations of the exchange control and the tax laws in a transaction that saw two Zimbabweans claiming ownership of...Published: 11 Oct 2021 at 05:52hrs | 175 | by Staff reporter
Zimbabwe isn't any different - even at school we had those who celebrated failure!
I am sure we all remember those school days - with all the craziness of youth.Surely, who can forget those ever-present mind boggling scenes of pupils who would helplessly weep in agony, after...Published: 10 Oct 2021 at 17:29hrs | 3082 | by Tendai Ruben Mbofana
Bigwig defends lavish party
UNDERFIRE Finance ministry permanent secretary George Guvamatanga has struck a defiant tone after fierce criticism over his 50th birthday bash in Harare where he invited top performers from South Afri...Published: 10 Oct 2021 at 06:53hrs | 765 | by Staff reporter
Cash-only businesses dodging taxes
Harare's downtown businesses and other informal sector players have found a way of avoiding taxes by demanding cash transactions only, and strictly in US dollars, forcing customers to buy the greenbac...Published: 10 Oct 2021 at 06:35hrs | 271 | by Staff reporter
Mnangagwa surrounded by dodgy characters
ALMOST four years after getting into power, riding on the narrative of removing criminals that had surrounded the then president Robert Mugabe, President Emmerson Mnangagwa's circle of associates and ...Published: 09 Oct 2021 at 07:36hrs | 3402 | by Staff reporter
Rautenbach enjoys Zanu-PF links
MULLER Conrad "Billy" Rautenbach is one of the most controversial business moguls in Zimbabwe, with several legal challenges against him and his company Green Fuel. Rautenbach, who is into vast mining...Published: 09 Oct 2021 at 07:35hrs | 1993 | by Staff reporter
Zimra pounces on tax evaders, recovers US$8m
THE Zimbabwe Revenue Authority (Zimra) has said it has completed investigations of 142 cases of tax evasion and recovered over $750 000 and US$8 million since the beginning of the year.This wa...Published: 09 Oct 2021 at 07:31hrs | 415 | by Staff reporter
Mnangagwa must arrest corrupt ministers
IN Zimbabwe, it is very easy to stop corruption and demonstrations. President Emmerson Mnangagwa does not have to use brutal force and intimidation.Firstly, Mnangagwa should find out why...Published: 09 Oct 2021 at 07:30hrs | 385 | by Community Podium
Property dispute takes new twist
A local company, Bariadie Investments (Pvt) Ltd, which is still trying to gain ownership of a Mount Pleasant property despite having lost in the High Court, has now attacked the judge who heard the ca...Published: 09 Oct 2021 at 07:28hrs | 142 | by Staff reporter
Viktor Sheiman's son secretly mines gold in Zimbabwe
IN March 2018, Viktor Sheiman, the then head of the Property Management Directorate of Belarusian President Alexander Lukashenko, paid an official visit to Zimbabwe where he and Mines minister Winston...Published: 09 Oct 2021 at 07:23hrs | 387 | by Staff reporter
Mthuli Ncube threatens companies
Finance minister Mthuli Ncube resorted to threats yesterday as he battled to bring sanity to the foreign currency market.Ncube said the government was planning impromptu audits and to suspend ...Published: 08 Oct 2021 at 19:04hrs | 984 | by Staff reporter
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 19:03hrs | 244 | by Victor Bhoroma
Big Zimbabwean companies are fingered in forex fiddle
TOP executives and directors from up to 20 big companies face imminent arrest following a Reserve Bank of Zimbabwe (RBZ) investigation into massive multi-million-dollar fraud involving the country's f...Published: 08 Oct 2021 at 18:58hrs | 872 | by Staff reporter
Govt threatens crackdown on businesses fuelling forex black market
GOVERNMENT has threatened to suspend operating licences for business entities manipulating the official foreign currency rate, thus fuelling the high parallel market exchange rate.In a stateme...Published: 08 Oct 2021 at 06:32hrs | 500 | by Staff reporter
Govt ups forex black market fight
GOVERNMENT is implementing a raft of additional measures to curb the illegal trading of forex and the benchmarking of prices using the parallel market rates, Finance and Economic Development Minister ...Published: 08 Oct 2021 at 06:26hrs | 303 | by Staff reporter
Noose tightened on Innscor and other retailers using black market rates
Retailers that continue to flout foreign currency regulations by setting prices in US dollars and then converting at the blackmarket rate will have their operating licences immediately suspended while...Published: 08 Oct 2021 at 06:26hrs | 412 | by Staff reporter
Eddie Cross says 'not unhappy' with black market foreign currency exchange
For a year, Eddie Cross sat on the Reserve Bank of Zimbabwe's Monetary Policy Committee, before he was fired for being too outspoken. In a recent interview with TechZim, he reveals why he is "...Published: 07 Oct 2021 at 18:21hrs | 1910 | by Staff reporter
'COVID-19 has paralysed Zimbabwe'
SPEAKER of the National Assembly Jacob Mudenda yesterday said the effects of the COVID-19 pandemic had paralysed the economy and increased the country's domestic and international debt burden....Published: 07 Oct 2021 at 07:03hrs | 360 | by Staff reporter
Tax and Statistics: Tax benefits to forming a Sole Proprietorship
During the peak of the global pandemic in April 2020, former U.S. President Trump with the assistance of the Department of Treasury and the ...Published: 06 Oct 2021 at 13:02hrs | 296 | by Staff Writer
Current digital banking trends in the US
Due to the pandemic, most industries across the globe have been forced to adapt and transform ways of doing business. Digitization has arguably been the most important tool for this, due to social dis...Published: 06 Oct 2021 at 12:23hrs | 160 | by Staff Writer
LLC vs Corporation: A state comparison
Recent statistics show that the total of active Limited Liability Companies in the state of Florida totaled to around 1,971,0...Published: 06 Oct 2021 at 10:00hrs | 257 | by Staff Writer
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 | 3112 | by Daily Maverick
Who is behind forex dealers?
NO matter how well-meaning and determined, the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions are ...Published: 05 Oct 2021 at 06:38hrs | 1365 | by Nathan Gurira
Zimbabwe ready to export teachers to Rwanda
GOVERNMENT has started working on bilateral arrangements with Rwanda to export local teachers to the east-central African nation.This follows Rwandan President Paul Kagame's call for the impor...Published: 05 Oct 2021 at 06:35hrs | 600 | by Staff reporter
Sanctions are real, but we're shooting ourselves in the foot
No matter how well-meaning and determined the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions that ...Published: 05 Oct 2021 at 06:32hrs | 206 | by Nathan Gurira
Cigarette smugglers fined $12 000
THE 34 smugglers arrested while smuggling 76 cases of export quality Remmington Gold cigarettes into South Africa last week were each fined $12 000 (or three months) by Beitbridge resident magistrate ...Published: 05 Oct 2021 at 06:29hrs | 95 | by Staff reporter
Mtukudzi's estate in court over tax evasion
TUKU Music Promotions, represented by the late music icon Oliver Mtukudzi's daughter Samantha Mtukudzi, is today expected to appear in court on allegations of failing to pay income tax returns and val...Published: 04 Oct 2021 at 19:32hrs | 1018 | by Staff reporter
Healthcare decay a sign of govt failure
NOTHING exhibits failure by a government more than the neglect of public health institutions and watching helplessly as people succumb to curable diseases.Even more sickening is that tho...Published: 04 Oct 2021 at 05:53hrs | 306 | by Staff reporter
Govt making a mockery of democracy
TEACHERS employed by church- run schools do not subscribe to trade unionism. They don't take part in industrial action to press the employer for better conditions of service and salaries that are comm...Published: 04 Oct 2021 at 05:52hrs | 342 | by Martin Stobart
37 in court for attempting to smuggle cigarettes into SA
Thirty-seven suspects who were arrested while attempting to smuggle 76 cardboard crates of export quality Remmington Gold cigarettes out of the country into South Africa appeared before Beitbridge Res...Published: 04 Oct 2021 at 05:48hrs | 202 | by Staff reporter
Malaba case: The key actors
ZIMBABWE, for the past four months has been going through a constitutional test and legal drama following the extension of Chief Justice Luke Malaba's term in May, which was put to bed last week follo...Published: 03 Oct 2021 at 08:20hrs | 960 | by Staff reporter
Parliament investigates US$109m dam tender scandal
THE Zimbabwe National Water Authority (Zinwa) executive is under investigation for awarding a dodgy US$109 million Kunzvi Dam construction tender to China Nanchang Engineering, which has a shady past,...Published: 03 Oct 2021 at 08:19hrs | 382 | by Staff reporter
Chamisa's new Ponzi scheme
FOLLOWING the MDC's dizzying electoral defeats at the hands of Zanu-PF in March 2013 and July 2018, the opposition outfit lost most of its traditional Western funding as donors turned off the funding ...Published: 03 Oct 2021 at 08:11hrs | 273 | by Nobleman Runyanga
Man axes wife's boyfriend
A man from Old Pumula suburb axed his neighbour for allegedly getting in between the sheets with his wife and left him wailing for help in a pool of blood.Trevor Moyo (43), got a tip-off from ...Published: 03 Oct 2021 at 08:03hrs | 82 | by Staff reporter
Ngadziore still detained at Harare Central police
MDC Alliance Harare Provincial Youth Secretary, Tatenda Johanes Karichi who is a tax Driver and Chrispen Bvirwa are still detained at Harare Central police station for Unlawful gathering.The t...Published: 01 Oct 2021 at 20:20hrs | 1800 | by Fanuel Chinowaita
Inkotha sihlangu, uMqeqenshi uMthuli Ncube uthi uMnangagwa yiNkosi yakhe!
I have always thought bootlicking is done by people with little or without education at all. To see a professor who has served in highest international institutions such as London School of Economic a...Published: 01 Oct 2021 at 20:04hrs | 1336 | by Nomazulu Thata
Chamisa's youths arrested over ZEC meeting
TEN journalists covering a Zimbabwe Electoral Commission (ZEC) provincial consultative meeting in Harare and nine members of MDC Alliance were arrested Thursday outside the electoral body's offices in...Published: 30 Sep 2021 at 21:32hrs | 1094 | by Staff reporter
Zanu-PF supporters say Mnangagwa doing 'badly' - poll
Sixty-three percent of Zanu-PF supporters say Zimbabwe's government is "performing badly on addressing youth needs," a new Afrobarometer survey released on Thursday shows.The disapproval rises...Published: 30 Sep 2021 at 21:32hrs | 2459 | by Staff reporter
Paltry income for mine workers - NMWUZ rejects NEC wage adjustment
National Mine Workers Union of Zimbabwe Acting President Mr Kurebwa Javangwe Nomboka has trashed and rejected NEC - National Employment Council's recent 24.5 percent minimum wage increase which he lab...Published: 30 Sep 2021 at 13:58hrs | 565 | by Maxwell Teedzai
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