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NSSA boss in court for fraud
Cosmas Chikwawawa, a research and schemes planning manager at the National Social Security Authority (NSSA), has appeared before the Harare Magistrates Court facing allegations of defrauding his emplo...Published: 20 Nov 2024 at 06:43hrs | 189 | by Staff reporter
The Grand Tour Finale puts Zimbabwe tourism on the global map
The highly anticipated finale of The Grand Tour: One for the Road premiered on Amazon Prime Video over the weekend, showcasing the beauty of Zimbabwe's landscapes and placing the country's tourism in ...Published: 16 Sep 2024 at 07:47hrs | 1115 | by Staff reporter
The Grand Tour: One for The Road - Zimbabwe edition to premiere on September 13
Prime Video has now unveiled a first look at the final episode of The Grand Tour: One For The Road.The first look snaps reveal emotional Grand Tour stars Jeremy Clarkson, 64, Richard Hammond, ...Published: 23 Aug 2024 at 15:32hrs | 308 | by Staff reporter
Munyeza, wife Wilma spared jail in race to repay US$100,000 loan
Embattled businessman Shingi Munyeza and his wife, Wilma, were spared jail by the High Court last Friday after a former neighbour they owe US$100,000 filed an application to have them committed to pri...Published: 20 Nov 2023 at 22:08hrs | 1 | by Staff reporter
Shingi Munyeza threatens Mutemererwa's lawyer
The debt row pitying Marjorie Mutemererwa and Shingi Munyeza escalated this week with the ex SeedCo public relations manager's lawyer filing a police report against the businessman for allegedly swear...Published: 11 Aug 2023 at 18:54hrs | 8 | by Staff reporter
Shingi Munyeza and wife ordered to repay US$100 000 with interest
Prominent Zimbabwean pastor, businessperson and political activist Shingi Munyeza and his wife Wilma have been ordered by the High Court to repay public relations strategist Marjorie Mutemererwa her U...Published: 25 Jul 2023 at 19:38hrs | 26 | by Staff reporter
Shingi Munyeza 'ate' my US$85 000 severance package, says Mutemererwa
WHEN Marjorie Mutemererwa left Seed Co. Ltd last year after some years of dedicated and long service where she was public relations and special programmes manager, she was paid some cool US$85 000 sev...Published: 08 Apr 2023 at 17:31hrs | 1 | by Staff reporter
Zimbabwean truck driver sentenced to 15 years for smuggling explosives into SA
A truck driver who smuggled explosives into South Africa has been sentenced to 15 years' imprisonment by the Musina Magistrate's Court.Alois Kamwaza was arrested in July at Beitbridge while tr...Published: 09 Nov 2022 at 11:30hrs | 6 | by Staff Reporter
Zimbabwe trade deficit hits US$34bn as industrialisation flops
ZIMBABWE has since 2002 accumulated a trade deficit of more than US$34 billion, a clear indication that the country's industrialisation-led import-substitution programmes have failed, new data show....Published: 11 Jun 2022 at 09:31hrs | 5 | by Staff reporter
Shortages show the poverty of ideas in govt
THE shortage of most locally-manufactured basic commodities due to the shocking decision by President Emmerson Mnangagwa's government to impose a blanket ban on bank lending to everyone, including the...Published: 17 May 2022 at 06:37hrs | 1 | by Staff reporter
Retailers dump Zimdollar
RETAILERS in Harare have dumped the Zimbabwe dollar and are demanding payment in United States dollars for a number of basic goods such as cooking oil and dairy products.Some large wholesalers...Published: 28 Apr 2022 at 09:05hrs | | by Staff reporter
Air Force of Zimbabwe chopper goes down
AN Air Force of Zimbabwe (AFZ) helicopter reportedly crashed yesterday near Chibhero College in Mhondoro, but police and army officials were coy on details about its passengers and possible casualties...Published: 11 Apr 2022 at 06:38hrs | 8 | by Staff reporter
Surface Wilmar's plant 75% complete
THE country's biggest cooking oil manufacturer, Surface Wilmar says its US$24 million plant that is under construction in Harare will commence production in September.The plant was shut down i...Published: 06 Apr 2022 at 06:30hrs | 6 | by Staff reporter
Surface Wilmar in US$50m Olivine revival plan
THE country's biggest cooking oil manufacturer, Surface Wilmar has put in place a revival plan for Olivine Industries, which will result in a US$50 million upgrade of the Willowvale plant in Harare....Published: 01 Apr 2022 at 09:15hrs | | by Mukunda Chitova
Apostolic sect seeks to cash in on followers
AN apostolic sect is seeking business ventures with food manufacturers in a deal that would see some products bearing the logo of the religious group.In a letter to food companies dated Decemb...Published: 24 Dec 2021 at 07:30hrs | 7 | 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
Another Air Force of Zimbabwe chopper crashes
AN Air Force of Zimbabwe (AFZ) helicopter crash-landed near oil expresser Surface Wilmar in Chitungwiza on Thursday evening, but details of the accident have been kept under wraps.The chopper ...Published: 10 Jul 2021 at 11:00hrs | 12 | by Staff reporter
Vapostori fined for violating COVID-19 regulations
THREE leaders of an apostolic sect escaped a 10-day jail term after they were alternatively fined $4 000 each on Tuesday for breaking COVID-19 regulations after they led a group of congregants to wors...Published: 10 Jul 2021 at 10:59hrs | | by Staff reporter
More businesses benefit from RBZ forex auction system
THE Reserve Bank of Zimbabwe (RBZ) on Wednesday published a list of institutions and individuals that have accessed foreign currency from the auction system from June 2020 to April 2021. A tot...Published: 14 May 2021 at 08:23hrs | | by Staff Reporter
ZCTU slams businesses for double dealing
THE Zimbabwe Congress of Trade Unions (ZCTU) has slammed some local businesses for enjoying access to foreign currency at the official rate while unfairly pricing their goods and services using parall...Published: 04 Apr 2021 at 09:01hrs | | by Staff reporter
RBZ warns banks
The Reserve Bank of Zimbabwe (RBZ) has warned banks which offer overdrafts to companies to buy foreign currency from the auction system saying such a move creates speculation in the market and promote...Published: 18 Mar 2021 at 06:42hrs | | by Staff rpeorter
Trumpism - Why Chamisa must shape up on Covid-19 - part 3
In this coronavirus pandemic season, Nelson Chamisa is as good as the politics he plays, meaning he either shapes up or seals his own fate to political doom just like US President Donald Trump did....Published: 05 Jan 2021 at 07:54hrs | 1 | by Grace Kwinjeh
Shaina amplifies Zimbabwe story
SHAINA is a movie that tells the Zimbabwean story on hope and resilience, it tells the daily struggles encountered by ordinary people in their day-to-day lives. The movie, bankrolled by the United Sta...Published: 05 Sep 2020 at 09:33hrs | 23 | by Staff reporter
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | | by Victor Bhoroma
Power blackouts force Zimbabwe firms to shut down
Zimbabwe's economy could grind to a halt if power outages gripping the nation persist as production plunges, exports decline, companies lay off staff and disposable incomes shrink, after it emerged th...Published: 19 Jul 2019 at 07:57hrs | 1 | by Staff reporter
Surface Wilmar resumes operations
ONE of Zimbabwe's largest cooking oil manufacturers, Surface Wilmar has resumed operations after receiving foreign currency support from the Reserve Bank of Zimbabwe to kick-start operations. ...Published: 27 May 2019 at 06:28hrs | | by Staff reporter
Olivine shuts down margarine plant
AGROPROCESSING firm, Olivine Industries Private Limited, has closed its margarine plant, management has confirmed. Olivine used to produce Buttercup margarine, Olivine cooking oil and jade soap among ...Published: 08 Apr 2019 at 06:35hrs | | by Staff reporter
Mnangagwa trumpets Indian support to Zimbabwe's economic reconstruction
PRESIDENT Emmerson Mnangagwa yesterday applauded the immense contribution of India to Zimbabwe's economic reconstruction, diplomacy and international politics. Represented by Patrick Chinamasa...Published: 01 Apr 2019 at 21:36hrs | | by Staff reporter
Mthuli Ncube pledges to tackle capital flight
FINANCE minister Mthuli Ncube on Monday pledged to support food and beverage manufacturer, Nestle Private Limited, as government desperately tries to contain capital flight.A large number of c...Published: 13 Feb 2019 at 08:40hrs | | by Staff reporter
Zimbabwe banks plunge deeper into forex crisis
A vendor counts money at a vegetable street market in Caracas, Venezuela, on Wednesday, Aug. 17, 2016. Venezuela's imports from its six biggest trading partners including Brazil, the U.S., China, Arge...Published: 01 Feb 2019 at 14:06hrs | | by Staff reporter
'Govt subsidies for private players not sustainable'
Government has been warned against clandestine price controls being effected through its stranglehold on foreign currency allocation.Economic analysts said there were companies that were being...Published: 27 Jan 2019 at 19:18hrs | | by Staff reporter
Harare supermarkets run out of basic foodstuffs
MOST supermarkets in Harare's central business district (CBD) are running out of stocks of basic goods as supply lines are drying up, the NewsDay has established.A survey done by NewsDay over ...Published: 22 Jan 2019 at 08:52hrs | 1 | by Staff reporter
Cry my beloved Zimbabwe . . . as country is closed for business
Once open for business, Zimbabwe is closed for business.Shops are closed, people are scared and companies are closing just as is the democratic space that President Emmerson Mnangagwa opened u...Published: 20 Jan 2019 at 12:25hrs | 7 | by Staff rpeorter
Zimbabwe's woes deepen
Not having a currency of its own hasn't stopped Zimbabwe from sliding into a currency crisis.A scarcity of foreign exchange has led to long queues for fuel, bread and medicine and sent prices ...Published: 15 Jan 2019 at 12:56hrs | 1 | by Bloomberg News
Dear President Mnangagwa, our demands are simple
Dear Mr President,Let's start by talking about what's important to Zimbabweans.The things Zimbabweans demand are not complicated. They are not anything out of the ordinary.They...Published: 14 Jan 2019 at 22:58hrs | | by newZWire
Mthuli Ncube's budget: The good, bad and ugly
In September, while meeting fund managers in New York, Finance minister Mthuli Ncube said what the economy needed was a "big bang", a shock to the system. A week later, he brought that big bang; on th...Published: 26 Nov 2018 at 06:08hrs | 1 | by NewZWire
Forex shortages cripple cooking oil maker
Surface Wilmar, the country's largest cooking oil manufacturer, says it owes its external suppliers US$22 million because of acute foreign currency shortages locally.The revelations were made ...Published: 11 Nov 2018 at 12:24hrs | 1 | by Staff reporter
Zimbabwe as a new gateway into Africa
ON Friday afternoon of 2 November 2018, I visited Surface Wilmar based in Chitungwiza, Harare. The company is owned by one of the largest companies in the world in the production of edible oils, based...Published: 05 Nov 2018 at 14:36hrs | | by Minister of Finance Prof Mthuli Ncube
Zimbabwe as a new gateway into Africa
ON Friday afternoon of 2 November 2018, I visited Surface Wilmar based in Chitungwiza, Harare. The company is owned by one of the largest companies in the world in the production of edible oils, based...Published: 05 Nov 2018 at 05:21hrs | | by Hon. Prof Mthuli Ncube
Mthuli Ncube probes cooking oil shortages
Finance minister Mthuli Ncube has commenced touring manufacturing firms, starting with a visit to Surface Wilmer, the largest cooking oil manufacturer in Zimbabwe.Surface Wilmar (Pvt) Ltd, sit...Published: 04 Nov 2018 at 12:40hrs | 1 | by Staff reporter
Government in bid to recapitalise Olivine Industries
The government is considering selling part of its stake in Olivine Industries to an external investor to raise foreign currency towards recapitalising operations.The tour of the cooking oil ma...Published: 03 Nov 2018 at 08:42hrs | | by Staff Reporter
Mthuli Ncube starts #Zimbabwe industry tour with visit to Surface Wilmer, largest cooking oil manufacturer in Southern Africa
Minister of Finance Prof Mthuli Ncube visits Surface Wilmer who are the largest producer of edible oils in #Zimbabwe, largest cooking oil manufacturer in Southern Africa, & are also partners with ...Published: 02 Nov 2018 at 20:08hrs | | by Agencies
Zimbabwe companies expected to close shop, massive job losses loom
The lifting of a protectionist policy introduced by former president Robert Mugabe's regime last year to promote local production could see companies closing shop, resulting in massive job losses, ind...Published: 25 Oct 2018 at 14:09hrs | | by Staff reporter
Tendai Biti always has something to say
The Daily News on Sunday's Pauline Hurungudo sits down for a wide-ranging interview with former Finance minister Tendai Biti, who is also the deputy national chairperson for the MDC, about the state o...Published: 21 Oct 2018 at 14:19hrs | | by Staff reporter
Cooking oil producers say supply is adequate
At a time the country is battling cooking oil shortages, oil producers say they have sufficient crude oil to meet demand.United Refineries, the edible oils producer said it received close to 1...Published: 11 Oct 2018 at 06:45hrs | | by Staff reporter
'No Zanu-PF rally shall be cancelled,' says Chiwenga
Vice President Retired General Dr Constantino Chiwenga said no Zanu-PF rally shall be cancelled due to fear of the attempt on the President's life in Bulawayo yesterday.Addressing a well atten...Published: 24 Jun 2018 at 18:51hrs | | by Staff reporter
Command Agriculture requires $1,3 billion
Zimbabwe's main agro-import substitution programme, commonly referred to as Command Agriculture, requires close to $1,3 billion to take off as the country steps up efforts to raise local production an...Published: 27 May 2018 at 10:08hrs | 6 | by Staff reporter
SMEs transition key in uplifting the Zimbabwean Economy
The transition of SMEs to big business or corporates is pivotal in any economy in the world. It is actually the relative measure of how well an economy is performing as SMEs are the seed-bed of busine...Published: 18 May 2018 at 17:51hrs | 1 | by Victor Bhoroma
SAP sets a solid foundation for Wilmar Zimbabwe
With consumers more empowered than ever thanks to the convergence of technologies creating a hyperconnected world, businesses need to be flexible enough to adapt to changing customer needs. Since ente...Published: 26 Feb 2018 at 10:50hrs | 3 | by Agencies
SMEs transition key in uplifting economy
The transition of SMEs to big business or corporate is pivotal in any economy in the world. It is actually the relative measure of how well an economy is performing as SMEs are the seed-bed of busines...Published: 04 Feb 2018 at 15:38hrs | | by Victor Bhoroma
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