Latest News

BUSINESS NEWS

'Treasury Bills illegal,' says Biti

THE setting up of the Zimbabwe Asset Management Company (Zamco) to absorb non-performing loans (NPLs) and the issuance of Treasury Bills (TBs) by the Reserve Bank of Zimbabwe (RBZ) without parliamenta...

By Staff reporter | Published: 08 September 2017

OPINION

Exchange control a Zimbabwean cancer

In all the years that I worked as an economist in what was then Southern Rhodesia and subsequently in the Republic of Zimbabwe, I argued in any circles that would hear me, that exchange control was a ...

By Eddie Cross | Published: 08 September 2017

POLITICS

Mugabe to take bloated entourage to UN summit

PRESIDENT Robert Mugabe is taking a bloated entourage of more than 70 people, including his family, to the United Nations summit scheduled for September 19 to 23, which has raised the eyebrows of the ...

By Staff reporter | Published: 08 September 2017

FINANCIAL SERVICES

RBZ transforms MFIs in financial inclusion thrust

Microfinance institutions (MFIs) are being transformed to aid financial inclusion taking on-board the marginalised groups, Reserve Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has said.Speak...

By Staff reporter | Published: 08 September 2017

FINANCIAL SERVICES

BancABC conduit for dodgy funds

BancABC, which has subsidiaries in Botswana, Mozambique, Zambia and Tanzania, was one of the major conduits for dodgy diamond funds flowing internally and across borders, the Zimbabwe Independent has ...

By Staff reporter | Published: 08 September 2017

POLITICS

Ministers in fuel scam

Two Cabinet ministers have been fingered in a suspected racket involved in the smuggling of fuel through the use of false declarations, facilitated by a clique of Zimra officials and the matter has si...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Van Hoogstraten accuses NSSA of being bully

British businessman Nicholas Van Hoogstraten has questioned the authenticity of a High Court Order awarded to Nssa which paved way for the restructuring of RTG's $10 million loan owed to the pension's...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Zimbabwe business demands reforms

BUSINESS sector representatives yesterday met President Robert Mugabe at State House in Harare to propose measures to address the deepening economic crisis, including ensuring policy coherence and con...

By Staff reporter | Published: 08 September 2017

ZIMBABWE

Speculation fuels equities rally

Speculation and a mad rush to preserve value has pushed up the value of equities as investors and fund managers scramble to hedge value amid heightened inflation fears and currency devaluation.Most co...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Zimbabwe exports up 43%

Export promotion body, Zimtrade said the economic outlook is showing an improvement in exports in 2017 compared to 2016. According to Zimtrade, Zimbabwe's total export, which stood at $1.9 billion bet...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Foreign suppliers turn screws on Zim companies

FOREIGN suppliers are reportedly cancelling credit terms with local firms, demanding cash up front before making any deliveries, as the forex crisis in the country continues unabated, industry officia...

By Staff reporter | Published: 08 September 2017

TELECOMS & TECHNOLOGY

DStv sued over US dollar subscriptions

A HARARE lawyer has approached the High Court seeking an order compelling Skynet Private Limited (Multichoice Zimbabwe) to accept bank card swipe, bank transfers, ecocash and bond notes for DSTV subsc...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

IPEC not competent enough for medical aid business

THE Insurance and Pensions Commission should not clamour to have medical aid societies under its regulatory purview, because it does not possess the competence and credibility to warranty such respons...

By Staff reporter | Published: 08 September 2017

EDUCATION

Govt to re-introduce students grants

THE Government is working on re-introducing grants for students at tertiary instiutions, a Cabinet Minister said yesterday.Adddressing graduates and guests at the 44th Joshua Mqabuko Nkomo Polytechnic...

By Staff reporter | Published: 08 September 2017

POLITICS

Mugabe advocates closure of non-performing parastatals

President Mugabe yesterday said non-performing parastatals and State enterprises must be dissolved as they are stifling economic growth through perennial dependence on the fiscus.He said some ailing p...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Labour Registrar in eye of a storm

Registrar of Labour Ms Nozipho Simango is at the centre of controversy amid allegations that she connived with an expelled National Mine Workers Union of Zimbabwe member and secretly registered a new ...

By Staff reporter | Published: 08 September 2017

TELECOMS & TECHNOLOGY

TelOne draws $54 million for NBB

STATE-OWNED telecommunications operator TelOne has to date drawn down $54 million from its $98 million facility for the National Broadband (NBB) Project financed by the ChinaEXIM Bank as the company m...

By Staff reporter | Published: 08 September 2017

POLITICS

Government, business interface progressive

Yesterday's meeting between President Mugabe and the private sector was both timely and timeous. The economy has faced immense pressure in recent weeks and it needed such a tonic to induce confidence ...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

'Mangudya should resign over failed bond notes'

OPPOSITION parties and civic society groups have called on Reserve Bank of Zimbabwe (RBZ) governor John Mangudya to honour his promise and step down over bond notes' failure to abate the country's liq...

By Staff reporter | Published: 08 September 2017

LANDS & AGRICULTURE

Irvine's sues for $1,36 million debt

Irvine's Zimbabwe (Pvt) Ltd has approached the High Court seeking to compel Valhalla Chickens (Pvt) Ltd's liquidator, Winsley Militala, and another company called Robbyryan (Pvt) Ltd, to settle a $1,3...

By Staff reporter | Published: 08 September 2017

BUSINESS NEWS

Kariba South extension project 92% complete

The Kariba South Extension Project is now 92 percent complete and on course for commissioning by end of December as Government moves to clear the power deficit.This is part of an eight-pronged approac...

By Staff reporter | Published: 08 September 2017

POLITICS

Mugabe bemoans under-performance of parastatals

The President Robert Mugabe has expressed deep concern over the continued underperformance of state enterprises and the parastatal sector whose current contribution to the national gross domestic prod...

By Staff reporter | Published: 07 September 2017

ZSE TODAY

Market Commentary 7 September 2017

INDUSTRIALSThe Industrial Index gained a further 7.65 points (2.91%) to end at 270.56 points. PADENGA (PHL.zw) moved up by a hefty $0.1126 to settle at $0.7126, OLD MUTUAL (OML.zw) increased by $0.05...

By zse | Published: 07 September 2017

BUSINESS NEWS

Harare debtors given 48-hour ultimatum

Wellcash Debt Collectors is giving Harare debtors 48 hours to pay their Harare City Council (HCC) debts or face losing their property.HCC re-hired the debt collectors after their contract had been te...

By Staff reporter | Published: 07 September 2017

POLITICS

Traffic cop arrested over $2 bribe

A cop based at Southerton Traffic Section reportedly collected $2 bribes in return for free passage of kombis.Andrew Kapirima, 24, is answering to criminal abuse of office charges before Harare magis...

By Staff reporter | Published: 07 September 2017

Latest News

Latest Published Reports

Latest jobs