POLITICS

Chamisa demotes MDC bigwigs

A month after out manoeuvring his MDC competitors at the party's Gweru congress, opposition leader Nelson Chamisa, yesterday moved to consolidate his power - demoting some of the party's stalwarts and...

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

Judge blasts ZPC over Chivayo's solar project

High Court judge Justice Tawanda Chitapi has castigated the Zimbabwe Power Company (ZPC) for its lackadaisical approach to finding common ground with Intratrek Zimbabwe fronted by Wicknell Chivayo to ...

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

Zimbabwe Investment Development Bill softens up on foreign investors

THE Zimbabwe Investment Development Bill (Zida), currently in its second reading stage in the National Assembly, will soften up on foreign investors and treat them in the same way that Zimbabwean inve...

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

'Trade policy, export strategy ready by third quarter'

ZimTrade chief executive Allan Majuru says he expects the trade policy and export strategy (TPES) document meant to boost exports to be ready before the end of the third quarter.The TPES is an impleme...

By Staff reporter | Published: 20 June 2019

OPINION

Zimbabwe's endless currency circus and cycle

When it comes to currency management in Zimbabwe there is always déjà vu which is a result of repeated fallible prescriptions. It's a circus where the actors enjoy their never-ending play with the a...

By Ngonidzaishe Makaha and Adrian Mapiye | Published: 14 June 2019

POLITICS

Mliswa slapped with $10m defamation lawsuit

Norton MP Temba Mliswa (independent) has been taken to the High Court by BDO Zimbabwe boss, Ngoni Kudenga, who is demanding $10 million compensation for alleged defamation.The lawsuit emanates from a ...

By Staff reporter | Published: 14 June 2019

POLITICS

'Mnangagwa violates Constitution on Lupane East by-election'

LEGISLATIVE watchdog, Veritas, has said the Lupane East by-election will count as yet another failure by government to comply with the country's Constitution.President Emmerson Mnangagwa, by proclamat...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Anti-corruption special unit dumps Potraz boss's case

The presidential anti-corruption special prosecution unit has dumped the matter in which the Postal and Telecommunications Regulatory Authority of Zimbabwe director-general Gift Machengete is being ac...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Pension payouts delayed as foreign company cuts off Zimbabwe banks

PENSIONERS might have to wait a bit longer before they receive their monthly pay outs, which were due yesterday, the National Social Security Authority (NSSA), said yesterday. It said the delay was ca...

By Staff reporter | Published: 14 June 2019

POLITICS

Mnangagwa engages Capitalk FM listeners live

HARARE's prime talk radio station, Capitalk 100.4FM, is set to host its first live interview with President Mnangagwa today, with various issues confronting the economy such as price increases and cur...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Zimpapers introduces home delivery

Zimpapers has launched a dial-a-number concept aimed at delivering newspapers to its customers at their homes in Harare and Bulawayo during weekends. Zimpapers circulation manager Mrs Liz Mushonga yes...

By Staff reporter | Published: 14 June 2019

POLITICS

Mnangagwa prepares for ruthless demos crackdown

AFTER subjecting more than a thousand regular police officers to paramilitary training, purchasing an assortment of weapons, including AK assault rifles and sniper rifles, government has moved to acqu...

By Staff reporter | Published: 14 June 2019

POLITICS

Civil society activists on Zimbabwe military watch list

THE Zimbabwe National Army's Military Intelligence (MI) unit has placed on its watchlist several civil society activists it claims are conniving with United States to unseat President Emmerson Mnangag...

By Staff reporter | Published: 14 June 2019

OPINION

Mnangagwa's govt re-ignites currency debate

PRESIDENT Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectivel...

By Brett Chulu | Published: 14 June 2019

POLITICS

August 1 killings: Only 35 to be compensated

GOVERNMENT is reviewing the eligibility of only 35 cases for compensation in the aftermath of the August 1 2018 shootings, amid growing frustration from aggrieved victims, who say the process is movin...

By Staff reporter | Published: 14 June 2019

OPINION

Zimbabwe in austerity-induced recession

"OUTPUT in Zimbabwe is expected to contract in 2019 with a sharp rise in inflation reducing real incomes and foreign exchange shortages constraining activity," the World Bank reports in its Global Eco...

By Tinashe Kaduwo | Published: 14 June 2019

BUSINESS NEWS

New currency unlikely to perform miracles for Zimbabwe

GOVERNMENT'S plans to unveil a new currency by year-end without addressing macro-economic fundamentals could be catastrophic, while the proposed local unit risks suffering the same fate as the defunct...

By Staff reporter | Published: 14 June 2019

OPINION

Re-igniting debate on a sovereign currency

Whilst a single sovereign currency regime might be the way to go, own currency may not deliver desired results if we do not address what is currently weighing down our pseudo-currency (RTGS$) - the st...

By Persistence Gwanyanya | Published: 14 June 2019

BUSINESS NEWS

A damning indictment on Mnangagwa

PRESIDENT Emmerson Mnangagwa's administration's failure to address the economic challenges bedevilling the country - despite lofty promises - could have been described as spectacular if it were not so...

By Staff reporter | Published: 14 June 2019

OPINION

Can Zimbabwe develop into knowledge economy?

This week I was engaged in an interesting debate with fellow economists, on how Zimbabwe's economy can enter the 21st century. For a country whose future economic revival, I have suggested in my past ...

By Clive Mphambela | Published: 14 June 2019

OPINION

Online shopping: why its unstoppable growth may be coming to an end

Many people probably assume that online stores are making a fortune, without all the costly bricks and mortar. But the reality is rather different.Many ecommerce activities are, in fact, unprofitable;...

By Ralf Seifert & Richard Markoff | Published: 14 June 2019

BUSINESS NEWS

Zimbabwe industry feels the heat as sales drop

Prices of goods and services may have reached the plateau, amid indications volumes have started dipping significantly as consumers struggle with affordability, captains of industry and economic analy...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Production makes the economy, says Mnangagwa

President Mnangagwa said focusing on currency alone will not provide solutions to economic challenges facing the country - imploring Zimbabweans to focus on strategies to boost production. Discourse i...

By eBusiness Weekly | Published: 14 June 2019

POLITICS

Chamisa pleads with Mnangagwa

MDC leader Nelson Chamisa has indicated he is willing to talk to President Emmerson Mnangagwa in order to move the country forward if the dialogue does not result in him being part of government.Chami...

By Staff reporter | Published: 13 June 2019

BUSINESS NEWS

ZRP impounds 5 000 unregistered vehicles

The Zimbabwe Republic Police (ZRP) has impounded 5 000 unregistered vehicles since January this year as part of its ongoing crackdown on unregistered vehicles.Registration of vehicles and display of n...

By Staff reporter | Published: 13 June 2019
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