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

BUSINESS NEWS

Power cuts worsen Bulawayo water rationing

THE water crisis in the second largest city is set to worsen after the local authority said the ongoing power challenges have grossly affected its pumping capacity.The city council introduced a 36-hou...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

'No going back on Zimdollar'

The government will never repeal Statutory Instrument (SI) 142 of 2019 which bans the use of foreign currencies as legal tender and makes the RTGS the country's sole legal tender - Justice minister Zi...

By Staff reporter | Published: 02 July 2019

POLITICS

Ndiweni in Mnangagwa climbdown

OUTSPOKEN traditional leader, Chief Nhlanhlayamangwe Ndiweni - who has in recent months courted the ire of Zanu-PF apparatchiks with his stinging criticism of the government - has praised President Em...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Prices of goods in Zimbabwe will come down

PRESIDENT Emmerson Mnangagwa's under-pressure government says it is confident that the sky-high prices of basic goods that have made the lives of ordinary citizens miserable over the past few months w...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Chasi posts R139 million proof of payment to Eskom on Twitter

Zimbabwe's energy minister Fortune Chasi was on Tuesday forced to put the proof of the country's US$10m (R139m) payment to Eskom on his twitter account, after earlier claims of having paid was refuted...

By Staff reporter | Published: 02 July 2019

POLITICS

Chamisa will not allow Mnangagwa to stay up to 2023

Zimbabwe's economic crisis has potential to breed instability in the country and needs urgent redress, opposition leader Nelson Chamisa has said.Chamisa, mandated by the MDC congress in May to find la...

By Staff reporter | Published: 02 July 2019

POLITICS

Muchinguri claims $1 million defamation damages from Daily News

DEFENCE Minister, Oppah Muchinguri-Kashiri has filed a $1 million suit against the Daily News for alleged defamation in a case in which the private paper published an article claiming her housing coop...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Measures in place to preserve Zimbabwe dollar value

Finance and Economic Development Minister Professor Mthuli Ncube says authorities have instituted measures that will ensure that the local currency will not suffer previous depredations, following the...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Mnangagwa's govt urged to maintain fiscal discipline

THE move by government to make the RTGS currency the country's sole legal tender can work if government remains fiscally disciplined, builds political and economic confidence and boost production.Last...

By Staff reporter | Published: 01 July 2019

POLITICS

Zanu-PF youth League to look into Chiri's reports

THE Zanu-PF Youth League which has been breathing fire and brimstone over corruption in government and the private sector said it will be looking into Auditor-General (AG) Mildred Chiri's reports whic...

By Staff reporter | Published: 01 July 2019

POLITICS

Pressure on Mnangagwa

PRESIDENT Emmerson Mnangagwa is under extreme pressure to act on Auditor-General (AG) Mildred Chiri's reports, which are exposing the rot in government.This comes after Chiri released damning reports ...

By Staff reporter | Published: 01 July 2019

POLITICS

ZCTU defiant, members to proceed with demonstration

THE Zimbabwe Congress of Trade Unions (ZCTU) yesterday said its members will proceed with their demonstration if government does not revert back to the multi-currency regime, but President Emmerson Mn...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Zimbabweans resort to firewood, plastic, gas unaffordable

WITH a 15 to 19 hour load shedding schedule underway, massive hikes in prices of firewood and acute shortages on gas, some Zimbabweans have resorted to burning plastic to cook meals.Barely a week ago,...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Mthuli Ncube's sweeping move brings stability

FINANCE Minister Mthuli Ncube's sweeping decision to discard the multi-currency system that had obtained in Zimbabwe for the past 10 years has brought with it some modicum of stability into the econom...

By Staff reporter | Published: 01 July 2019

POLITICS

Mnangagwa thumbs nose at protest threats

BARRING threats of social upheaval, President Emmerson Mnangagwa has declared he is ready to stick it out and push with his reform agenda.Mnangagwa on Thursday told captains of industry meeting under ...

By Staff reporter | Published: 01 July 2019
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