BUSINESS NEWS

RBZ hikes interest rate to 50%

THE Reserve Bank of Zimbabwe (RBZ) has increased the interest rate on its overnight window to 50 percent per annum from 15 percent in a bid to tame inflationary pressures alongside other measures mean...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

RBZ scraps US$10 000 daily trading limit for bureaux de change

THE Reserve Bank of Zimbabwe (RBZ) has scrapped the US$10 000 daily trading limit for bureaux de change and the 2,5 percent maximum profit margin for banks, in a bid to make the interbank forex market...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Mnangagwa claims that 'Country has returned to normalcy'

PRESIDENT Mnangagwa yesterday said the removal of the multi-currency regime marks the country's return to normalcy while assuring Zimbabweans that the Bond note will not be decommissioned. Finance and...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Big retail shops comply with forex directive

A snap survey conducted yesterday revealed that several retail shops in Bulawayo had already complied with the new policy and were selling their products in local currency. Although others had adjuste...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Zimbabwean exporters to continue getting US$

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says the new monetary regulations as announced through Statutory Instrument (SI) 142 of 2019 will have no effect on payment modalities to expor...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Load shedding to intensify - ZESA

Power utility, Zesa Holdings, has announced that it will implement load shedding outside the official schedule following a breakdown at Hwange Power Station. "Due to a technical fault at Hwange Power ...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Zinara finance director arrested

ZIMBABWE National Road Administration (Zinara) finance director Simon Taranhike has been arrested on allegations of criminal abuse of office and attempts to conceal corruption. Sources close to the in...

By Staff reporter | Published: 26 June 2019

POLITICS

Mnangagwa succession: Race now wide open

REVELATIONS by President Emmerson Mnangagwa that he wishes to be succeeded by a younger person have thrown wide open his succession, which many believed was a closed chapter.Speaking on a listener-bas...

By Staff reporter | Published: 25 June 2019

BUSINESS NEWS

Govt orders 200 000 vehicle number plates

THE Transport ministry has placed an order of over 200 000 number plates in an effort to address their shortages in the country.This comes as the Central Vehicle Registry (CVR) has been grappling with...

By Staff reporter | Published: 25 June 2019

POLITICS

MDC won't impose candidate for by-election

THE opposition MDC will not nominate any candidate for Glen View South constituency which fell vacant following the death of Morgan Tsvangirai's daughter, Vimbai Tsvangirai-Java.Tsvangirai-Java died a...

By Staff reporter | Published: 25 June 2019

POLITICS

'Mnangagwa political dialogue a joke'

UNITED African National Congress (UANC) leader Gwinyai Muzorewa has said political dialogue between President Emmerson Mnangagwa and multiple fringe opposition parties is not going to yield anything.M...

By Staff reporter | Published: 25 June 2019

POLITICS

Parly probes MDC MP for calling Chimbwidos 'wartime sex workers'

PARLIAMENT is probing MDC MP for Matabeleland South Province (proportional representation) Lindiwe Maphosa for breaching Parliament's code of conduct after she allegedly labelled liberation war collab...

By Staff reporter | Published: 25 June 2019

POLITICS

Govt splurges US$21m on legislators' vehicles

TREASURY splashed over $20 million on top-of-the-range vehicles for Members of Parliament and Senators in the ninth Parliament, which the recipients will start receiving this week.Government acquired ...

By Staff reporter | Published: 25 June 2019

POLITICS

Zapu asks Bulawayo to honour Dabengwa

THE opposition Zapu wants Bulawayo City Council (BCC) to honour its late leader and national hero, Dumiso Dabengwa, by naming one of the city's streets after him, the Daily News can report.Dabengwa di...

By Staff reporter | Published: 25 June 2019

BUSINESS NEWS

Nurses divided over negotiations

SHARP divisions have rocked nurses' unions after the Zimbabwe Nurses' Association (Zina) held negotiations to review salaries with President Emmerson Mnangagwa without alerting the Health Apex Council...

By Staff reporter | Published: 25 June 2019

POLITICS

'Mnangagwa presses self-destruct button'

ANALYSTS warned yesterday that in its desperate bid to halt run-away prices, government might have pressed the self-destruct button by rushing to introduce the Zimbabwe dollar (ZW$) when all pointers ...

By Staff reporter | Published: 25 June 2019

POLITICS

Mnangagwa bombing still under investigation

SUNDAY marked a year after President Emmerson Mnangagwa narrowly escaped an assassination attempt following a bomb explosion that rocked a Zanu-PF rally at White City Stadium.The blast which occurred ...

By Staff reporter | Published: 25 June 2019

POLITICS

Artuz leader fights for freedom

A HARARE magistrate postponed handing down a verdict in the matter where the State sought bail revocation of Amalgamated Rural Teachers Union of Zimbabwe (Artuz) leader Obert Masaraure.Masaraure, who ...

By Staff reporter | Published: 25 June 2019

POLITICS

Grace Mugabe hit with $4m lawsuit

FORMER first lady Grace Mugabe has been hit with a US$4 million lawsuit by a Lebanese businessman who claims he was defamed and lost income after she instructed police to seize his properties during a...

By Staff reporter | Published: 25 June 2019

POLITICS

Error in Mawarire, ZCTU case

PROSECUTORS "erroneously" referred activist cleric Evan Mawarire and Zimbabwe Congress of Trade Union (ZCTU) treason case to the regional court for trial, a court heard yesterday.Mawarire and ZCTU lea...

By Staff reporter | Published: 25 June 2019

POLITICS

Zanu-PF youths in 'name & shame'

IN what seems to expose fault lines in the ruling party, the Zanu-PF Youth League released the long-awaited list of individuals it claimed were involved in corrupt activities.The list fell short on de...

By Staff reporter | Published: 25 June 2019

POLITICS

Jonathan Moyo calls for Mnangagwa-Chamisa GNU

EXILED former Cabinet minister and one of the alleged kingpins of the Generation 40 (G40) faction, Jonathan Moyo, - has said President Emmerson Mnangagwa should form a government of national unity (GN...

By Staff reporter | Published: 25 June 2019

BUSINESS NEWS

Mnangagwa's govt bans US$

GOVERNMENT has discontinued the use of the multi-currency system while declaring the Zimbabwe dollar (ZW$) - abandoned about 10 years ago - as the only official trading currency, the Daily News can re...

By Staff reporter | Published: 25 June 2019

POLITICS

Matemadanda vows to return Zanu-PF to the people

Newly-appointed ZANU-PF national political commissar Victor Matemadanda has said his immediate task is to return the political party to the people by coming up with people centred programmes.Last week...

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

'Zimbabwe vulnerable to SA economic shocks'

BUSINESS lobbyists ZimTrade have warned South African dominance of Zimbabwe's international trade deals makes it vulnerable to any shocks its economy might experience.ZimTrade senior official Tatenda ...

By Staff reporter | Published: 20 June 2019
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