Latest News

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

BUSINESS NEWS

Mthuli Ncube's quotes on currency reforms . . .

"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...

By Lisa Tazviinga | Published: 01 July 2019

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

MINING & RETAIL

Police officers clash over lucrative Gokwe mine

There was drama when police from Nembudzia Police Station fought and disarmed their counterparts from the Criminal Investigations Department (CID) in Gokwe after they tried to arrest an officer implic...

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

TELECOMS & TECHNOLOGY

SI 142 force changes on Cassava shareholding

Smartech Zimbabwe Limited (CSZL) says debentures held by the company's local shareholders will be valued in the local currency in line with recent monetary policy developments.In a statement accompany...

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

INDUSTRIALS & ENERGY

Zesa insolvent

THE Zimbabwe Electricity Supply Authority (Zesa) is insolvent with its liabilities outstripping its assets by over US$92 million, a report by the Auditor General Mrs Mildred Chiri reveals. The report ...

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

TRANSPORT & TOURISM

$400m debt stifles CAAZ

The Civil Aviation Authority of Zimbabwe is saddled with a $400 million debt emanating from overdue foreign and domestic obligations. This was said by Auditor-General Mildred Chiri in her annual repor...

By Staff reporter | Published: 01 July 2019

ZIMBABWE

Dual Listing: Fungible securities explained

Many investors are always on the lookout for new ways to make a profit, and fungible instruments allow just such a thing through the action of arbitrage. In other words, fungible securities allow inve...

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

TELECOMS & TECHNOLOGY

TelOne records 125% untaxed profit

FIXED telecoms giant, TelOne, extended its streak as one of only a few shining beacons among usually poor performing State-owned enterprises after untaxed profit jumped 125 percent to $1 million in th...

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
Pages:
7
8
9
10
...

Latest News

Latest Published Reports

Latest jobs