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OPINION

August 1 massacre commander's promotion raises stink

Presidential Guard commander Anselem Nhamo Sanyatwe's recent promotion to the rank of Major-General before the release of the results of the commission of inquiry (COI) into the August 1 shooting rais...

By Editorial - newsday | Published: 19 December 2018

BUSINESS NEWS

Harare City Council sells land to raise salaries

HARARE City Council has resolved to sell a prime piece of land in Mount Pleasant to a property developer to raise money for salaries.The land is currently being used by the ruling Zanu PF party as its...

By Staff reporter | Published: 19 December 2018

POLITICS

Ex-minister Muguti fights default judgment

FORMER Health deputy minister Edwin Muguti, who was recently slapped with a default judgment for failing to pay over $13 600 in rental arrears for a property he allegedly left infested with pests and ...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Firm seeks to recover land from defunct AfrAsia Bank

A LOCAL firm, Drummond Zimbabwe Holdings (Pvt) Ltd, has petitioned the High Court seeking an order to be allowed to file litigation against AfrAsia Bank Limited, a subsidiary of Mauritius-based AfrAsi...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

MFIs lending skewed towards consumption

MICROFINANCE institutions (MFIs) lent $50,5 million for consumptive purposes in the nine months to September, representing a third of the industry's loans in issue.Zimbabwe has a thriving MFI sector, ...

By Staff reporter | Published: 19 December 2018

POLITICS

State admits lack of documentary evidence in Mandiwanzira case

The State yesterday conceded that it did not have some of the documented evidence needed to nail former Cabinet minister Supa Mandiwanzira, who is facing charges of contracting a company he had intere...

By Staff reporter | Published: 19 December 2018

POLITICS

Biti tears into Mthuli Ncube's budget

Harare East MP Tendai Biti (MDC Alliance) yesterday tore into the 2019 National Budget presented by Finance minister Mthuli Ncube, saying it violated the Constitution for charging duty on vehicles in ...

By Staff reporter | Published: 19 December 2018

POLITICS

War vets storm Mnangagwa office

A GROUP of 20 former freedom fighters calling themselves the War Veterans Welfare Committee yesterday stormed President Emmerson Mnangagwa's Munhumutapa office to hand over a 10-page petition demandin...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Cassava enters the Zimbabwe market at $3.8 billion

Cassava SmarTech Zimbabwe made history on 18 December 2018 when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8bn. It immediately became Zimbabwe's third most valua...

By Staff reporter | Published: 19 December 2018

POLITICS

Zanu-PF recovers 15 vehicles from expelled members

Zanu-PF says it has recovered 15 party vehicles from expelled members and has enlisted the service of police to recover 13 more. The ruling party in November last year, expelled G40 kingpins and later...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

'Extend 20% forex scheme to all farmers'

THE Reserve Bank of Zimbabwe (RBZ) should extend its 20 percent forex payment scheme to all farmers other than cotton and tobacco growers so as to enhance increased agricultural output. In an intervie...

By Staff reporter | Published: 19 December 2018

TELECOMS & TECHNOLOGY

Cassava makes history

Cassava SmarTech Zimbabwe made history yesterday when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8 billion. It immediately became Zimbabwe's third most valuable ...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Businesswoman's trial for 'externalising' $6m postponed

THE trial of a Bulawayo businesswoman who has been on the police wanted list for allegedly externalising more than $6 million to Botswana, has been postponed to January 25 next year. Delny Deanna Ashl...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Merspin secures Swiss partners

BULAWAYO-BASED textile concern, Merspin Limited, has secured technical partners from Switzerland to redesign the local plant and recommend new equipment for the proposed factory upgrade. The company, ...

By Staff reporter | Published: 19 December 2018

INDUSTRIALS & ENERGY

Forex shortage: Innscor looks within

DIVERSIFIED group, Innscor Africa Limited says it is now leveraging on its domestic fast-moving consumer goods line to cushion itself from high foreign currency requirements. The company said although...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Mash West farmers counting losses

Farmers in Mashonaland West Province are counting their losses after their early planted crop failed to germinate. As a result, they are being forced to buy more inputs including seed, weed control ch...

By Staff reporter | Published: 19 December 2018

INDUSTRIALS & ENERGY

Private equity firms eye David Whitehead

David Whitehead is in serious negotiations with two unnamed investors seeking to inject fresh capital and revive the struggling textile firm, sources familiar with the talks have revealed. The company...

By Staff reporter | Published: 19 December 2018

POLITICS

Chamisa to humiliate Mudzuri?

The fate of MDC Alliance vice president Eng Elias Mudzuri will now be decided by opposition leader Mr Nelson Chamisa after the national council referred disciplinary issues against the former Harare m...

By Staff reporter | Published: 17 December 2018

OPINION

The West judges Zimbabwe differently

The Western world judges Zimbabwe at a higher standard than it does other African countries, and that's not entirely a bad thing.The temptation is to demand that the European Union (EU) and the United...

By newZWire | Published: 17 December 2018

POLITICS

Kasukuwere, Mombeshora named in land scam

HUNDREDS of people risk losing residential properties in the newly-established medium and high-density suburbs of Kia Ora in Banket after it emerged that former Local Government minister Saviour Kasuk...

By Staff reporter | Published: 17 December 2018

POLITICS

Gabuza trial in false start

THE trial of Binga South legislator Gabbuza Joel Gabuza (MDC Alliance), who is facing charges of undermining the authority of or insulting President Emmerson Mnangagwa after he allegedly accused the Z...

By Staff reporter | Published: 17 December 2018

EDUCATION

No to internet abuse, says Potraz

THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has urged minors to report anyone who sends explicit and abusive messages on their cellphones, to either the State regulator...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

3 Chinese firms shut down

ENVIRONMENTAL Management Authority (EMA) recently ordered the closure of three Chinese companies that were setting up coke-processing and solar power plants in Hwange without conducting environmental ...

By Staff reporter | Published: 17 December 2018

BUSINESS NEWS

Zimbabwe hotels ranked among best

Leading United Kingdom newspaper, The Telegraph, has named several local hotels as among the best on the continent.It comes at a time when Zimbabwe is already experiencing a surge in tourist arrivals,...

By Staff reporter | Published: 17 December 2018

POLITICS

Protesting teachers buoyant despite arrests

MEMBERS of the Amalgamated Teachers Union of Zimbabwe (Artuz) have vowed to proceed with the salary caravan march today, despite their leaders being arrested and hauled before the courts.Nine Artuz me...

By Staff reporter | Published: 17 December 2018
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