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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

POLITICS

Matutu's corruption 'name and shame' backfires

THE Zanu-PF youth league's "name and shame" exercise of alleged corrupt people has backfired after Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and Zimbabwe Miners Federation president Henrie...

By Staff reporter | Published: 27 June 2019

POLITICS

Lecturer in trouble over anti-Mnangagwa slur

A LECTURER at the Harare Polytechnic College has been suspended for allegedly denigrating President Emmerson Mnangagwa over poor civil servants' salaries during a conversation with a soldier at a bar ...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Zimdollar given 5-day ultimatum

THE National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimb...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

23 toll-gate staffers dismissed for fraud in three months

A company managing part of the Zimbabwe National Roads Administration (Zinara)'s toll-gate network has dismissed some 23 workers on charges of fraud in the last three months, Parliament has heard.Duri...

By newzimbabwe | Published: 27 June 2019

BUSINESS NEWS

International remittances recipients to get forex

Recipients of international remittances will continue receiving money in hard currency following the abolishment of multi-currency system or can be paid in local currency at a prevailing official exch...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

New regulations tame bourse arbitrage window

THE 90-day disposal window of dual listed securities or shares bought by investors on the Zimbabwe Stock Exchange is a positive move as it tames arbitrage opportunities and externalisation of funds, e...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Economists warn against USD-based prices

The Economists Roundtable has implored businesses to stop pegging prices of goods and services against the value of the US dollar since the costs they incur are in local currency. The call follows the...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Cabinet approves currency reforms

Cabinet has approved currency reforms introduced by Treasury which culminated in the scrapping of the multi-currency system on local transactions saying the move would now bring normalcy in the econom...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Mthuli Ncube slams debt takeover practice

Government may not take over the debts of State-owned entities such as Air Zimbabwe and Zisco, touted as critical to make them more attractive to investors, after Finance and Economic Development Mini...

By Staff reporter | Published: 27 June 2019

ZSE TODAY

ZSE continues recovery as Mid-Caps rally

Today the Zimbabwe Stock Exchange continued its moderate recovery as mid-tier stocks rallied to leave the market in the black. Market value was up 0.7% to ZWL $18.2 billion while trades were up 62.7% ...

By Staff reporter | Published: 26 June 2019

ZIMBABWE

Black market rates retreat after policy change

The Zimbabwe Stock Exchange shed 0.6% as big caps stalled under thin trading following yesterday’s significant monetary policy developments. The imposition of the 90-day vesting period for dual...

By Staff reporter | Published: 26 June 2019

ZIMBABWE

Big losses on the ZSE as blue chips tank

The Zimbabwe Stock Exchange shed a hefty 5.4% with big caps tumbling as the market adapts to the changed currency dynamics.  This is the second consecutive losing day after a prolonged bullish sp...

By Staff reporter | Published: 26 June 2019

POLITICS

Mphoko to get his exit package

Former vice president (VP) Phelekezela Mphoko, is now likely to get his terminal benefits, more than a year after he was booted out of government. According to the independently-owned Daily News newsp...

By Staff reporter | Published: 26 June 2019

POLITICS

Obert Mpofu 'refuses' to answer questions in court

EMBATTLED Zanu-PF secretary for administration and former Home Affairs minister Obert Mpofu yesterday refused to answer questions thrown at him by Ntabazinduna Chief Nhlanhlayemangwe Felix Ndiweni's l...

By Staff reporter | Published: 26 June 2019

POLITICS

Chiwenga haunts Jonathan Moyo

Former Higher and Tertiary Education, Science and Technology Development minister Jonathan Moyo, who is battling to defend a $5 million defamation claim filed by Vice-President Constantino Chiwenga tw...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Bogus estate agents on the prowl

REGISTERED estate agents in Gweru on Monday claimed that bogus property sellers were on the prowl in the Midlands capital and called on the council to help weed out the illegal operators.Trevor Dollar...

By Staff reporter | Published: 26 June 2019

OPINION

Scrapping of multi-currency regime: The implications

ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intended steri...

By Respect Gwenzi | Published: 26 June 2019

BUSINESS NEWS

Tendai Biti claims SI 142 is illegal

FORMER Finance Minister and legislator Tendai Biti has described the abandonment of the multi-currency system by government as a disaster while urging its reversal.The MDC MP for Harare East was addr...

By Staff reporter | Published: 26 June 2019

OPINION

The Chamisa effect and hope for a new Zimbabwe

NELSON Chamisa, the unopposed president of the opposition MDC, recently announced the members of his national executive committee. The appointments are not surprising - in many respects, they are a cu...

By Obert Hodzi | Published: 26 June 2019

SOCCER

Al Ahly revive Billiat interest

EGYPTIAN football giants Al Ahly have reportedly revived their interest in Warriors forward Khama Billiat, who displayed a scintillating performance in the opening match of the 2019 African Cup of Nat...

By Staff reporter | Published: 26 June 2019

ZIMBABWE

ZSE capitalisation surges 4,6% on multi-currency ban

The Zimbabwe Stock Exchange's capitalisation on Monday increased by 4,6% to ZWL$30,86 billion as the market reacted to government's decision to outlaw a multi-currency system adopted a decade ago.The ...

By Staff reporter | Published: 26 June 2019

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