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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

FINANCIAL SERVICES

Tight economy chokes Fidelity insurance revenue

Fidelity Life Assurance says the increase in the costs of basic goods against stagnant wages reduced spending on insurance products.The company's chief executive officer, Reuben Java, told shareholder...

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

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
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