POLITICS

Former Zisco worker assumes mayoral post

FORMER Zimbabwe Iron and Steel Company (Zisco) plant operator, Clayton Masiyatsva (MDC Alliance), has been elected Redcliff mayor, taking over from Zanu-PF's Freddy Kapuya who has dumped the Midlands ...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Zimra to reform tax collection processes

THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax processes as part of measures to improve collections and expand the tax base.While collections have improved in the first ha...

By Staff reporter | Published: 07 September 2018

POLITICS

'Zimbabwe not worried about sanctions'

ZIMBABWE will not preoccupy itself with sanctions by some Western capitals but will continue to work with progressive friendly nations to grow its economy, President Mnangagwa has said. Further, Presi...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Capacity utilisation to exceed 50%: CZI

THE country's manufacturing sector capacity utilisation is set to exceed 50 percent this year on the back of gains achieved in the last two years, with more positive prospects under the new political ...

By Staff reporter | Published: 07 September 2018

OPINION

Mnangagwa must appoint competent team to steer economic recovery

THE enormity of the task of steering the country's economic revival requires that President Emmerson Mnangagwa appoints the best team at his disposal into Cabinet. The pool of possible Ministers avail...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

'Zimbabwe is open to global investors,' says Chiwenga

ZIMBABWE will continue engaging the international community and open up investment opportunities, as Government forges ahead with its drive to transform the economy and improve livelihoods for its cit...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

ZETDC must upgrade systems

The Consumer Council of Zimbabwe (CCZ) has called for a speedy system upgrade by the Zimbabwe Electricity Distribution Company (ZETDC) to enable smooth flow of transactions for electricity tokens that...

By Staff reporter | Published: 07 September 2018

POLITICS

Mnangagwa signs 3 more 'mega' deals with China

President Mnangagwa on Wednesday met with his Chinese counterpart President Xi Jinping after the conclusion of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) and the two lead...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Zimra adopts conciliatory approach

The Zimbabwe Revenue Authority (Zimra) says it has dumped its combative tax administration tactic in favour of a conciliatory approach whereby tax payers willingly comply with the dictates of the coun...

By Staff reporter | Published: 07 September 2018

POLITICS

Mnangagwa, Chiwenga rift may paralyse govt

Underlying tensions between President Emmerson Mnangagwa and one of his deputies, retired General Constantino Chiwenga, over power struggles, risks distracting the new administration from tackling a p...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Beitbridge - Harare road dualization in limbo

Government could abandon the controversial US$2.7 billion deal with Chinese firm Anhui Foreign Economic Construction Group Limited (Afecc) for the dualization of the Chirundu-Beitbridge highway after ...

By Staff reporter | Published: 07 September 2018

POLITICS

Mnangagwa flies into raging storm

President Emmerson Mnangagwa returned from a five day visit to China early yesterday morning to be confronted with soaring prices of mostly basic commodities and rising shortages.Prices of basic commo...

By Staff reporter | Published: 07 September 2018

POLITICS

Blow to Mnangagwa, $2bn Chinese bid flops

President Emmerson Mnangagwa's quest for a critical US$2 billion bailout package from China in a desperate bid to ease the country's crippling liquidity crisis has hit a brick wall although the Chines...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Govt to pay for land, investments on BIPPAS

Government will pay fair compensation for both land and improvements on all farms falling under the Bilateral Investment Promotion and Protection Agreements (BIPPAs) in line with obligations enshrined...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Zimbabwe pins hope on China for forex

Zimbabwe is pinning hopes on Chinese banks to extending significant lines of credit to ease a serious shortage of foreign currency following a sharp rise in demand by businesses resulting from improve...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Price hikes hit Zimbabwe

PRICES of basic goods such as mealie-meal, meat, soap, toiletries, rice, sugar and vegetables are spiralling out of control due to a currency crisis precipitated by foreign currency shortages.The pric...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Zimbabwe industry frets over economic indicators

BUSINESS has raised the red flag over the country's ever-deteriorating economic indicators - including rising inflation, soaring prices, worsening foreign currency shortages and continuing retrenchmen...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Forex crisis weighs on Zimbabwe's command agriculture

THE deepening foreign currency crisis in Zimbabwe is hampering government's efforts to mechanise the agro sector through the Command Agriculture programme, the Office of the President and Cabinet said...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

'Scrap bond notes'

PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrogate curr...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Zimbabwe sets 13 Special Economic Zones

ZIMBABWE has set up 13 Special Economic Zones (SEZs) across the country in a move aimed at stimulating production and create jobs.SEZs are areas in which business and trade laws are different from the...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Zimbabwe trade deficit breaches $20bn mark

ZIMBABWE'S trade deficit with the rest of the world breached the $20 billion mark in the past nine years, with much of the imports coming from South Africa (SA), Industry minister Mike Bimha has said....

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Mnangagwa seeks to revive Chinese mega deals

PRESIDENT Emmerson Mnangagwa says he will pursue mega deals with China during his visit to the Asian country.The southern African nation, still battling to shake off a hangover from a decade-long rece...

By Staff reporter | Published: 06 September 2018

POLITICS

Mnangagwa has no option but to talk to us, claims Biti

CLUELESS President Emmerson Mnangagwa has no choice but to engage rival Nelson Chamisa if Zimbabwe is to be rescued from its present political and socio-economic mire, a senior opposition official has...

By Staff reporter | Published: 06 September 2018

POLITICS

Violet Gonda denied Zimbabwe passport by Mnangagwa's govt

JOURNALIST Violet Gonda has been refused a Zimbabwean passport by registrar general Tobaiwa Mudede because she was apparently blacklisted by the government.She is believed to be one of many Zimbabwean...

By Staff reporter | Published: 06 September 2018

POLITICS

Chamisa's hefty legal bill

Zimbabwe's opposition MDC Alliance leader Nelson Chamisa may have to fork out more than R42 million to meet the costs of his election outcome challenge he launched and lost at the country's Constituti...

By Staff eporter | Published: 06 September 2018
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