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BUSINESS NEWS

Average Zimbabwean lived On $12.78/day in August

According to Zimstat's latest statistics the average Zimbabwean lived on $12.78 per day while the average family needed $1,827 in order not to be deemed poor. The figure implies that Zimbabweans are n...

By Staff reporter | Published: 24 September 2019

POLITICS

Mnangagwa is a chancer, says Malema

PRESIDENT Emmerson Mnangagwa and his acolytes in the current Zanu-PF set-up that seized power in the November 2017 coup are chancers who have desperately tried to emulate former President Robert Mugab...

By newzimbabwe | Published: 24 September 2019

BUSINESS NEWS

Mohadi to open Victoria Falls Agric Show

ACTING President, Kembo Mohadi, is set to officiate at the 2019 Victoria Falls Agricultural Show, which begins here on Thursday. Organisers of the exhibition target to go international by 2021, riding...

By Staff reporter | Published: 24 September 2019

POLITICS

Malema mourns Mugabe

SOUTH African Economic Freedom Fighters leader Mr Julius Malema has called on Africans to unite  to achieve political, economic and social growth. The EFF leader said this yesterday when he came ...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Harare shuts down its main water works

Harare shut its main water works on Monday citing shortages of foreign currency to import treatment chemicals, the deputy mayor said, potentially leaving the city dry and raising the risk of water bor...

By Reuters | Published: 24 September 2019

TRANSPORT & TOURISM

NRZ says happy with DIDG deal

THE National Railways of Zimbabwe (NRZ) has expressed satisfaction with progress made towards concluding the US$400 million recapitalisation deal with the Diaspora Infrastructure Development Group (DI...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Consumers demand price cuts

CONSUMERS have called on the business community to reduce prices in line with the decline in exchange rates and implored Government to create a framework that guides pricing based on productive fundam...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

New CEO for PPC

Zimbabwe Stock Exchange listed cement producer, PPC, has appointed Roland van Wijnen, a former Lafarge Holcim executive as its new CEO. Van Wijnen, originally from Netherlands will be replacing Johan ...

By Staff reporter | Published: 24 September 2019

ZIMBABWE

ZSE rallies again

Proplastics and Willdale led a stock market rally yesterday that saw the bourse close in the positive. The All Share Index jumped 10,66 percent to 217,25 points while the ZSE Top 10 paced the fastest ...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Bureaux de change align rate to interbank

Government, through the Reserve Bank of Zimbabwe (RBZ), has moved to refine the operations of bureaux de changes to align their foreign currency exchange rate with that of the official interbank marke...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Forex speculators hit hard

Currency speculators who, last week, disposed of their Zimbabwean dollars for the US dollar at very high exchange rates with the expectation that the local currency will plunge further, are counting t...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Gold weighs on June exports

ZIMBABWE's exports fell 32 percent in June this year weighed down by reduced shipments of major mineral exports, latest statistics from the Reserve Bank of Zimbabwe (RBZ) show. The drop in exports cam...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Zimra lifestyle audit: 36 suspended

THE Zimbabwe Revenue Authority (Zimra) suspended at least 36 officers implicated in lifestyle audits, while processes are underway at the High Court to forfeit the ill-gotten wealth.Zimra Commissioner...

By Staff reporter | Published: 24 September 2019

POLITICS

Hectic UN schedule for Mnangagwa

President Mnangagwa faces a hectic schedule during the 74th Ordinary Session of the United Nations General Assembly (UNGA 74) with a long list of crucial bilateral meetings lined up with representativ...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Pensions pay out date moved

PENSIONERS from the Public Service Commission will not be able to access their pay this Friday due to a resolution to have their pensions reviewed in line with the cost of living.In a statement yester...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Premier seeks EPO for Zulu lithium project

PREMIER African Minerals will soon meet the Mining Affairs Board over the company's application for an Exclusive Prospecting Order (EPO) at its Zulu Lithium and Tantalite project in Matabeleland South...

By Staff reporter | Published: 24 September 2019

INDUSTRIALS & ENERGY

Sable Chemicals to invest in coal bed methane

Fertiliser manufacturer Sable Chemicals has started feasibility studies to mine coal bed methane gas in Lupane as it seeks to cut on its import bill, an official has said.The company, which is the sol...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Mthuli Ncube speaks on approximate exchange rate

THE appropriate exchange rate between the Zimbabwe dollar and the United States dollar should hover around US$1: ZWL$5,6 based on "founded quantitative estimates", Finance and Economic Development Min...

By Staff reporter | Published: 24 September 2019

MINING & RETAIL

Zimbabwe to be first African country to put lithium in lead batteries

Zimbabwe will in coming weeks sign agreements on the development and value addition of lithium lead batteries as the country seeks to transform the mining sector into a $12 billion industry in the nex...

By Staff reporter | Published: 23 September 2019

ZIMBABWE

Exchange rate policy consistency remains elusive for Zimbabwe

The issue of the exchange rate has progressively become the focal point of local economic discourse as uncertainty continues to grip the country's future. Following the accelerated depreciation in the...

By Staff reporter | Published: 23 September 2019

ZIMBABWE

Industrial index sets new all-time high as ZSE gains 11%

The ZSE continued its recovery with an 11% rise, as counters across the board made strong gains. The session yielded 21 gainers against one faller, with the top gainers pushed by small trades while Ol...

By Staff reporter | Published: 23 September 2019

BUSINESS NEWS

SECZIM develops handbook on Anti-Money Laundering

In a bid to assist Securities Market Intermediaries (SMIs) in understanding their obligations in the fight against money laundering and terrorist financing in the securities sector, the Security and E...

By Staff reporter | Published: 23 September 2019

OPINION

Beware of safe haven assets, fair value adjustments tend to burn later on

The Zimbabwean economy is fundamentally going through what the global economy is experiencing as well, albeit due to slightly different dynamics. A safe haven is generally a place where investors "par...

By Staff reporter | Published: 23 September 2019

OPINION

Zimbabwe currency stability faces headwinds

The battle for new currency stability faces severe headwinds, and the signs are not good. It was always going to be an uphill task, even under the best of conditions to re-introduce a currency that wa...

By Joseph Mverecha | Published: 23 September 2019

MINING & RETAIL

Coal production down 43% in year to July

The mining sector had another mixed month in July with changes in output varying across the board while total earnings from mining commodities fell by 13% to US$205 million. Positively, gold, the coun...

By Staff reporter | Published: 23 September 2019
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