BUSINESS NEWS

Chasi turns to renewable energy

Energy minister Fortune Chasi has called on players in the private sector to collaborate with the government and invest in renewable energy to offset the power deficit in the country.Chasi's calls cam...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

Zesa complicit in cable thefts: Residents

Zesa spokesperson Fullard Gwasira said vandalism of Zesa property was becoming more rampant, particularly in Bulawayo and blamed this on the economy and unemployed technicians."Zesa property is vandal...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

RBZ seeks international recognition for Zimdollar

The Reserve Bank of Zimbabwe (RBZ) says it has written to international exchanges requesting them to officially recognise the Zimbabwe dollar as a tradeable currency.The reintroduction of the local cu...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

UBH records in shambles

THE United Bulawayo Hospitals (UBH)’s records are in shambles, a situation that could lead to loss of important hospital information, records, patient files as well as revenue, the Auditor-General (...

By Staff reporter | Published: 04 July 2019

POLITICS

Chikwinya faces civil imprisonment

OLD Mutual Property Co-operation (Private) Ltd has petitioned the High Court seeking an order to have former Women Affairs, Gender and Community Development minister Nyasha Chikwinya incarcerated for ...

By Staff reporter | Published: 04 July 2019

POLITICS

Zec appoints substantive Chief Elections Officer

THE Zimbabwe Electoral Commission (Zec) has appointed, Mr Utoile Silaigwana, as the substantive Chief Elections Officer taking over from Mrs Constance Chigwamba. Mr Silaigwana's appointment is effecti...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

ZNCC elects new leadership

THE Zimbabwe National Chamber of Commerce (ZNCC) has elected a new executive with Mr Tamuka Macheka retaining the presidency for the next calendar year.  However, of note is lack of gender balanc...

By Staff reporter | Published: 04 July 2019

BUSINESS NEWS

Buy local summit kicks off in Bulawayo

THE 9th Annual Buy Local Summit kicks off in Bulawayo this morning with President Mnangagwa expected to deliver the keynote address. The two-day event is being held at the Zimbabwe International Exhib...

By Staff reporter | Published: 04 July 2019

POLITICS

Mnangagwa appoints acting High Court judges

President Mnangagwa has appointed three retired judges - Justices November Mtshiya, Nicholas Ndou and Vernanda Ziyambi - as acting judges of the High Court bench to preside over matters in the special...

By Staff reporter | Published: 04 July 2019

POLITICS

Chamisa tells Mnangagwa to 'come down your high horse of arrogance'

MDC leader Nelson Chamisa says President Emmerson Mnangagwa needs the opposition's contribution to successfully address the economic challenges facing the country.Chamisa yesterday toured the high-den...

By Staff reporter | Published: 03 July 2019

POLITICS

Deal with corruption cases quickly: CJ Malaba

Chief Justice Luke Malaba has implored High Court judges to expeditiously deal with corruption cases to ensure that the matters are disposed of, adding its reputation "depends entirely on how these ca...

By Staff reporter | Published: 03 July 2019

POLITICS

Parirenyatwa's criminal abuse case postponed over 'new developments'

CITING the emergence of new developments, the State yesterday sought postponement of the matter in which former Health minister David Parirenyatwa allegedly removed from her position, Natpharm managin...

By Staff reporter | Published: 03 July 2019

OPINION

The new Zimdollar: What could go wrong?

ZIMBABWE last week made its interim currency, the RTGS dollar, the country's sole legal tender, drawing the curtains on a decade of United States dollar dominance. Harare was forced to abandon its own...

By Ed Stoddard | Published: 03 July 2019

BUSINESS NEWS

Mnangagwa threatens profiteering businesses

President Emmerson Mnangagwa has threatened to come down hard on shops that are refusing to slash prices after his government last week dumped the decade-old multi-currency system and re-introduced th...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

Black market loses grip

Some illegal foreign currency dealers have been pushed out of "business" as Statutory Instrument (SI) 142 of 2019 effects continue to hold fort on the foreign exchange market, forcing rates to tumble....

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

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 retailers...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

RBZ takes aim at forex speculators

Government says the sharp hike of the overnight bank rate by the Reserve Bank of Zimbabwe to support the domestic currency will discourage borrowing for currency speculation as well as protect the val...

By Staff reporter | Published: 03 July 2019

POLITICS

ZACC gets arresting powers

THE Zimbabwe Anti-Corruption Commission (ZACC) - for long been rapped for being a toothless bulldog - now has arresting powers as Government takes giant strides in its quest to tackle the scourge of c...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

Govt mulls tracking system to plug fuel leakages

GOVERNMENT has started implementation of a tracking system to stem leakages in the supply of fuel that have exacerbated shortages that are being experienced in the country, a Cabinet Minister said yes...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

New drug plant for Zimbabwe

A new pharmaceutical manufacturing plant is set to be constructed in Mt Hampden, about 20km north-west of Harare, in a development expected to cut reliance on foreign drugs and create more jobs for ci...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

Rushwaya loses ZMF presidency

Zimbabwe Miners' Federation (ZMF) president Henrietta Rushwaya has lost the presidency of the small-scale miners' body after her appeal was dismissed by the Supreme Court. Ms Rushwaya had earlier been...

By Staff reporter | Published: 03 July 2019

POLITICS

Man charged for insulting Mnangagwa

A 38-year old Rushinga man recently appeared in court for insulting President Emmerson Mnangagwa.Morgan Muchemwa of Rushinga in Mashonaland Central Province recently appeared before magistrate Tendai ...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Zesa to disconnect defaulting bigwigs

AS power shortages escalate with devastating effects on both domestic and industrial use, power utility Zesa Holdings (Zesa) has threatened to cut supplies to defaulting users including political heav...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Fuel crisis persists in Zimbabwe

THE country's fuel crisis is getting worse as long winding queues have begun to resurface across the country, a week after government banned the use of the multi-currency system.Deputy Energy minister...

By Staff reporter | Published: 02 July 2019

POLITICS

Khupe speaks on currency

Leader of the smaller MDC Thokozani Khupe has said the new monetary policy highlighted by the ending of a 10-year multi-currency system, does not demonstrate a long term plan with a defined path to so...

By Staff reporter | Published: 02 July 2019
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