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BUSINESS NEWS

Local content threshold set at 80%

GOVERNMENT's much awaited Local Content Strategy (LCS) which was approved by Cabinet on Tuesday has set an 80 percent minimum threshold for all products. This strategy forms part of interventions whic...

By Staff reporter | Published: 13 June 2019

INDUSTRIALS & ENERGY

Sengwa project set for takeoff

Zimbabwe Stock Exchange (ZSE) listed RioZim says construction of its 2 800 megawatts Sengwa power project will commence in the next 12 months after the mining group signed an exclusivity agreement wit...

By Staff reporter | Published: 13 June 2019

TRANSPORT & TOURISM

Rainbow Tourism Group trading update

The company delivered a strong performance in 2018 achieving revenues of  $34.3 million which was 27% above the prior year despite an increasingly challenging economic climate. This performance w...

By Staff reporter | Published: 13 June 2019

POLITICS

Mutodi sued over RTGS$40 000 debt

INFORMATION ministry deputy minister, Energy Mutodi's struggling company National Housing Development Trust (NHDT), risks having its bank accounts garnished after failing to settle a RTGS$40 000 debt ...

By Staff reporter | Published: 13 June 2019

TELECOMS & TECHNOLOGY

NetOne taken to court over $430 836 paid to ex-employee

THE Communications and Allied Industries Pension Fund (CAIPF), has issued summons at the High Court seeking an order to compel State-owned NetOne Cellular (PVT) Ltd to reimburse $430 836 paid the mobi...

By Staff reporter | Published: 13 June 2019

TELECOMS & TECHNOLOGY

Mnangagwa in first live radio interview

IN a ground-breaking move, President Emmerson Mnangagwa has agreed to a live radio interview in which ordinary citizens will be allowed to call in and ask questions.The interview, set for this Friday ...

By Staff reporter | Published: 13 June 2019

POLITICS

Chamisa to fire political army generals

MDC leader Nelson Chamisa, has warned he will fire senior military and security officers who have meddled in the country's politics.Chamisa said this on Wednesday, while addressing party supporters ga...

By Staff reporter | Published: 13 June 2019

POLITICS

Zimbabwe police buy 4 000 AKs, sniper rifles

POLICE have acquired an assortment of weapons - including 3 343 AK-47 assault rifles and about 600 sniper rifles - as they prepare to quell looming street protests against President Emmerson Mnangagwa...

By Staff reporter | Published: 13 June 2019

BUSINESS NEWS

Bread shortages loom

A bread shortage is looming after local millers ran out of wheat due to foreign currency shortages to import the cereal. The country has been facing challenges in wheat availability of late in spite o...

By Staff reporter | Published: 13 June 2019

OPINION

Mnangagwa borrowing bad law from Apartheid South Africa's statutes

Recently, the government of Zimbabwe, through the Minister of Home Affairs, introduced the Maintenance of Peace and Order Bill to Parliament (MOPA). This Bill, that will replace the reviled Public Ord...

By Douglas Togaraseyi Mwonzora | Published: 12 June 2019

BUSINESS NEWS

RTGS dollar plunges by 140%

ZIMBABWE'S local currency, the Real Time Gross Settlement (RTGS) dollar, has plunged by 140% to trade at US$1:ZWL$6 on the official interbank market, nearly four months after its introduction in Febru...

By Staff reporter | Published: 12 June 2019

BUSINESS NEWS

AfDB boost for Mthuli Ncube

FINANCE and Economic Development Minister Professor Mthuli Ncube has said the African Development Bank (AfDB) board has endorsed Zimbabwe's reform agenda under the Transitional Stabilisation Programme...

By Staff reporter | Published: 12 June 2019

ZIMBABWE

Zimbabwe imports drop 31%

Zimbabwe's imports for the first four months of the year to April 2019 dropped 31 percent to US$1,5 billion from US$2,2 billion registered in the same period last year, as the country's import bill co...

By Staff reporter | Published: 12 June 2019

POLITICS

Death stalks Tsvangirai family

AS ZIMBABWEANS across the political divide continue to mourn the death of MP for Glen View South, Vimbayi  Tsvangirai Java - many have been left wondering why the family of the late much-loved fo...

By Staff reporter | Published: 12 June 2019

BUSINESS NEWS

Zimra alerts buying public

THE Zimbabwe Revenue Authority (Zimra) is advising members of the public to demand receipts from retailers and service providers that indicate the currency they would have used in effecting payments.Z...

By Staff reporter | Published: 12 June 2019

TRANSPORT & TOURISM

Zimbabwe not pulling out of CITES

The minister of Tourism, Prisca Mupfumira, said Zimbabwe will not pull out of the Convention on International Trade in Endangered Species (CITES) so that the country may be able to sell large stocks o...

By Staff reporter | Published: 12 June 2019

TRANSPORT & TOURISM

Air Zimbabwe to auction old airplanes

The national airline has written to treasury to grant them permission to auction some of its old airplanes so that they can at least salvage something from the fleet which is lying idle.The US$380 mil...

By Staff reporter | Published: 11 June 2019

FINANCIAL SERVICES

Mobile transactions decline

THE value of transaction processed through the National Payment System (NPS) have declined by 11,3 percent to $4,6 billion during the week ending May 24 from $5,1 billion recorded the previous week.In...

By Staff reporter | Published: 11 June 2019

POLITICS

Mnangagwa consolidates power, boots out Chiwenga ally

PRESIDENT Emmerson Mnangagwa yesterday tweaked his political bureau by axing Zanu-PF national commissar Engelbert Rugeje and replacing him with a trusted lieutenant - Victor Matemadanda.The surprise c...

By Staff reporter | Published: 11 June 2019

LANDS & AGRICULTURE

Zimnat and THI bring agricultural innovation to ADMA Agrishow

Zimnat and THI Insurance, which earlier this year entered into an underwriting management agency agreement with Zimnat General Insurance, are jointly participating in this year's Agricultural Dealers'...

By Staff reporter | Published: 11 June 2019

EDUCATION

Record number of chartered secretaries graduate

A record number of students graduated as chartered secretaries on Saturday (June 8) at an historic graduation ceremony at which the first students from a joint Great Zimbabwe University and Institute ...

By Staff reporter | Published: 11 June 2019

OPINION

Zimbabwe need food not guns

GOVERNMENT'S recent purchase of weaponry as reported in media circles has shown that President Emmerson Mnangagwa's administration is gearing itself for a brutal confrontation with defenceless Zimbab...

By Harry Peter Wilson | Published: 11 June 2019

POLITICS

Mnangagwa, Chamisa feel the heat

CHURCHES are intensifying their push for dialogue between President Emmerson Mnangagwa and opposition leader Nelson Chamisa, in a bid to de-escalate political tensions in the country and to get the tw...

By Staff reporter | Published: 11 June 2019

POLITICS

Chamisa in a fix over Bulawayo resistance

MDC president Nelson Chamisa might be in a fix on how to deal with unrelenting pockets of resistance in his party's Bulawayo structures. This comes after the party was once again caught up in violent ...

By Staff reporter | Published: 11 June 2019

POLITICS

Chinamasa appointment to Air Zimbabwe board 'dubious'

President Emmerson Mnangagwa has named former finance minister Patrick Chinamasa as the new chairman of the Air Zimbabwe board - but the validity of the appointment was immediately thrown into questio...

By Staff reporter | Published: 11 June 2019

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