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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

MINING & RETAIL

Chrome smelters sued over US$7 million ore

Chrome mining and smelting company, Afrochine Smelting, has been taken to the High Court by NR Barber (Private) Ltd, for allegedly unlawfully removing its chrome ore worth US$7 million.Afrochine Smelt...

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

TELECOMS & TECHNOLOGY

Govt, parastatals owe TelOne $93m in unpaid bills

Telone trimmed its debtors' book by 7% from $162 million in 2017 to $151 million in 2018, but is still struggling to recover debts owed by government departments and parastatals totalling $93 million ...

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

TELECOMS & TECHNOLOGY

NetOne partners youth organisation in training 75 software developers

MOBILE communications company NetOne has partnered a youth leadership organisation, Elevate Trust, in training 75 local software developers in a programme that was launched by Google to train thousand...

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

FINANCIAL SERVICES

Interbank rate overtakes black market

THE interbank exchange rate has surpassed parallel market rates with some banks offering more in local currency for those exchanging their foreign currency. Government last week outlawed the use of mu...

By Staff reporter | Published: 03 July 2019

TELECOMS & TECHNOLOGY

Econet foresees brighter future for Zimbabwe

THE country's largest telecommunications firm, Econet Wireless Zimbabwe, believes that the country will conquer the immediate economic setbacks and attain a brighter future.  Group chairman, Dr J...

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

INDUSTRIALS & ENERGY

Batoka power plant construction set for next year

Zambia and Zimbabwe will start building the 2 400MW Batoka Gorge hydropower plant next year, a company jointly owned by the two governments said yesterday. The Batoka project involves construction of ...

By Reuters | 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

INDUSTRIALS & ENERGY

Eskom confirms Zimbabwe paid back the money

Eskom has confirmed that payment from Zimbabwe regarding outstanding debt is reflecting in the power utility's account. Earlier on Tuesday, Fin24 reported that Zimbabwe Energy minister Fortune Chasi p...

By Staff reporter | Published: 02 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

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