BUSINESS NEWS

Minister 'unleashes' Zanu-PF youths, police to grab mine

Mashonaland East Provincial Affairs minister Appolonia Munzverengi is being accused of using her political muscle to grab a mining claim owned by Mekasi Engineering.The company claim that the minister...

By Staff reporter | Published: 01 July 2019

OPINION

Analysis of Zimbabwe's Statutory Instrument 142 of 2019

ON June 24, 2019, Zimbabwe woke to news of a statutory instrument with clearly far-reaching effects in that it alters the currency landscape. This instrument has been followed by directives from the R...

By Mushoriwa Pasi | Published: 01 July 2019

POLITICS

Chiefs urge Mnangagwa to urgently address rising cost of living

CHIEFS in the Midlands and Matabeleland regions have called on President Emmerson Mnangagwa to urgently address the rising cost of living, including sharp increases in food insecurity.Mnangagwa met ch...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Chasi blames Ncube, Mangudya over Eskom gaffe

ENERGY minister Fortune Chasi has publicly apologised for the embarrassment he caused after the government misinformed the public that the State had paid a US$10 million to settle a debt with a South ...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Maize ban triggers Zimbabwe - Zambia border stand-off

Some Zimbabweans without proper documentation were denied entry into Zambia last week as the neighbouring reacted to the confiscation of maize by Zimbabwean authorities following the introduction of S...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Zimbabwe engages Afreximbank over US$70m package

THE African Export-Import Bank (Afreximbank) is working on a financial package in the region of US$70 million for the local manufacturing sector. This was revealed by Industry and Commerce Minister Nq...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

RioZim makes appointments

ZIMBABWE Stock Exchange-listed mining group, RioZim, has appointed Mr Saleem Rashid Beebeejaun as chairman with effect from June 25, 2019. He takes over from Mr Lovemore Chihota who recently celebrate...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

General Electric eyes Zimbabwe methane gas

ZIMBABWE plans to conduct a full exploration of its gas deposits in a bid to establish the quantum of the key resource before engaging potential investors. Top United States firm, General Electric and...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Zimra collects $230m in Q1 at Beitbridge

The Zimbabwe Revenue Authority (ZIMRA) has recorded a relative increase in revenue levied on commercial cargo which passes through Beitbridge Border Post in the first quarter of the year in comparison...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

REA targets to electrify 60% of rural areas

Government is forging ahead with its thrust to modernise rural areas, with the Rural Electrification Agency (REA) pledging to bring access to electricity to 60 percent of the rural populace in line wi...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Zimbabwe launches industrial policy

Government has launched the Zimbabwe National Industrial Policy (ZNIDP), which is expected to help transform the economy through value addition, increasing employment levels and promoting a culture of...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Mnangagwa appoints 2 new Supreme Court judges

President Emmerson Mnangagwa has appointed High Court judges Charles Hungwe and Nicholas Mathonsi to the Supreme Court after the recent public interviews, NewsDay reported.The two participated in rece...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Met Dept calls for use of nuclear technology

Zimbabwe's Meteorological Service Department (MSD) acting director Rebecca Manzou has urged nations to use technologies meant to detect nuclear activities for alternative purposes, particularly season...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Ex-ZPC board chair reveals other Chivayo beneficiaries

FORMER Zimbabwe Power Company chairperson Stanley Kazhanje, who is accused of concealing his business interests in Intratrek Zimbabwe, yesterday revealed in court that he was not the only engineer pai...

By Staff reporter | Published: 27 June 2019

POLITICS

High Court jails 21 Chegutu farmers for contempt of court

At least 21 former Stanely Farms (Pvt) Ltd residents in Chegutu, have been slapped with an effective one year jail term each for contempt of court after refusing to vacate the farm in defiance of a co...

By Staff reporter | Published: 27 June 2019

POLITICS

Zanu-PF MP chickens out of Parly feedback debate

Beitbridge West legislator Ruth Maboyi Mavhungu (Zanu-PF) on Tuesday stunned the National Assembly when she pledged to second a motion on a report of a Zimbabwean delegation to the Inter Parliamentary...

By Staff reporter | Published: 27 June 2019

POLITICS

Chaos in Zvinavashe estate

The High Court has lamented the absence of alternative dispute resolution mechanisms in the estate of the late former Commander of the Zimbabwe Defence Forces, Vitalis Musungwa Zvinavashe, whose widow...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

'Dealers diverting fuel to black market'

UNSCRUPULOUS fuel dealers are allegedly diverting large volumes of the commodity to the underground markets, causing shortages on the market, the National Oil Infrastructure Company (NOIC) chairman Da...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Matanga tells cops to be diligent

ZIMBABWE Police Commissioner-General Godwin Matanga has urged police officers who are attending the rebranding exercise to be diligent, engaging and understanding in executing their duties because the...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Mthuli Ncube tightens forex controls

ZIMBABAWE has tightened controls on access to foreign currency for companies as authorities battle to stem a thriving parallel market for the scarce currency.Corporates in the southern African economy...

By Staff reporter | Published: 27 June 2019

OPINION

Applying lipstick on a pig will not work Mnangagwa

EACH American election cycle produces a phrase or word that either becomes controversial or defines the election.In 2008, then Senator Barack Obama found himself in the eye of a storm when he criticis...

By Nqaba Matshazi | Published: 27 June 2019

POLITICS

Rural MDC activists appeal to Chamisa

Grassroots MDC supporters in rural Gokwe and Mberengwa districts are calling upon party president Nelson Chamisa and his national leadership to pressure government to stop their persecution.In the las...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Mnangagwa summoned over ambush

CAPTAINS of industry meeting in Victoria Falls, beginning Wednesday, under the banner of the Zimbabwe National Chamber of Commerce (ZNCC), have summoned President Emmerson Mnangagwa to explain his gov...

By Staff reporter | Published: 27 June 2019

OPINION

Intolerance is Zimbabwe's major undoing

FOR weeks on end the main opposition MDC party has been threatening to take to the streets and bushes of rural areas to protest the country's deteriorating economic situation while the ruling Zanu-PF ...

By Editorial Newsday | Published: 27 June 2019

POLITICS

Mnangagwa to probe 'corrupt' bigwigs

ZANU-PF bigwigs, ministers and business people fingered in alleged acts of corruption by the youth league are facing an uncertain future after President Emmerson Mnangagwa said he would set up a commi...

By Staff reporter | Published: 27 June 2019
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