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OPINION

Causes of liquidity crisis and its impact on economy

DURING the past week, the media has been awash with reports of price hikes of goods and some commodities running out on the market.Products ranging from cement to chickens and other basic commodities ...

By Dr Bongani Ngwenya | Published: 09 September 2018

MINING & RETAIL

Bilboes seeks to expand operations

A LOCAL privately-owned gold mining and exploration concern, Bilboes Holdings is seeking to expand its operations as it moves to ramp up its mineral production.Bilboes Holdings chief executive officer...

By Staff reporter | Published: 09 September 2018

BUSINESS NEWS

China pledges $60m for financing projects in Africa

CHINESE President Xi Jinping announced while officially opening the Beijing Summit of the Forum on China-Africa Co-operation (FOCAC) that his country was pledging $60 billion for financing various pro...

By Staff reporter | Published: 09 September 2018

BUSINESS NEWS

'Zimbabwe should look beyond US'

FORMER State Enterprises and Parastatals Minister Dr Gorden Moyo says the Government should not read much into the sanctions imposed on it by the United States of America but seek various ways of revi...

By Staff reporter | Published: 09 September 2018

BUSINESS NEWS

Saboteurs behind price increases

PRICE increases that were reported in the country last week were being fuelled by political and economic speculators who were aiming at scuttling the acceptance of President Mnangagwa's new Cabinet, a...

By Staff reporter | Published: 09 September 2018

MINING & RETAIL

Gold deliveries peak 24 tonnes in 7 months

THE country is poised to achieve its 30 tonnes gold production target for this year buoyed by the continued increase in deliveries of the yellow metal to Fidelity Printers and Refiners (FPR) by small-...

By Staff reporter | Published: 09 September 2018

BUSINESS NEWS

Zimbabwe mulls pension reforms

Zimbabwe is proposing pension reforms as it seeks to come up with an efficient pension system, according to a draft document compiled by the Insurance and Pension Commission.This comes amid challenges...

By Staff reporter | Published: 09 September 2018

FINANCIAL SERVICES

POSB to establish exporters' credit facility

The People's Own Savings Bank (POSB) says it will soon unveil a $10 million line of credit aimed at assisting exporters to secure foreign currency.A persistent trade deficit has plunged Zimbabwe into ...

By Staff reporter | Published: 07 September 2018

POLITICS

Mnangagwa God-given, says Grace Mugabe

Former President Robert Mugabe yesterday implored the nation to rally behind President Mnangagwa, saying his election victory in the July 30 harmonised elections legitimised his leadership. The remark...

By Staff reporter | Published: 07 September 2018

POLITICS

Chamisa, Mnangagwa lawyers join hand, fight in Wicknell's corner

INTRATREK Zimbabwe, founded by businessman Wicknell Chivayo, has filed a lawsuit at the High Court demanding $25 million from Zimbabwe Power Company (ZPC) in damages for alleged repudiation of a multi...

By Staff reporter | Published: 07 September 2018

TRANSPORT & TOURISM

ZTA wants to restore Bulawayo's tourism legacy

ZIMBABWE Tourism Authority (ZTA)'s chief executive Karikoga Kaseke yesterday said they were committed to restoring Bulawayo's tourism legacy.Addressing a media briefing, Kaseke said they were going to...

By Staff reporter | Published: 07 September 2018

POLITICS

Chamisa rally given green-light

BULAWAYO High Court judge Justice Nokuthula Moyo yesterday blasted Kwekwe police for blocking opposition MDC Alliance leader Nelson Chamisa's rally, which was supposed to be held in the Midlands capit...

By Staff reporter | Published: 07 September 2018

POLITICS

Mugabe in major climbdown over Mnangagwa

Former President Robert Mugabe yesterday made a major climbdown, saying said he now recognised President Emmerson Mnangagwa's leadership after the latter won the July 30 elections.Mugabe, who on the e...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Gweru vendors bow down to Joc blitz

ILLEGAL vendors in Gweru have piled pressure on council to regularise their operations following a blitz by the Joint Operations Command in conjunction with municipal police to flush them out of the c...

By Staff reporter | Published: 07 September 2018

POLITICS

Mudede sued for blacklisting Violet Gonda

HUMAN rights lawyers have taken Registrar-General (RG) Tobaiwa Mudede to the High Court, seeking an order compelling him to remove travel restrictions imposed on freelance journalist Violet Gonda, who...

By Staff reporter | Published: 07 September 2018

TRANSPORT & TOURISM

Panners pose threat to NRZ tracks

THE National Railways of Zimbabwe (NRZ) has raised the red flag over illegal gold panning activities close to railways tracks, a situation which could result in the rail collapsing under the weight of...

By Staff reporter | Published: 07 September 2018

POLITICS

Former Zisco worker assumes mayoral post

FORMER Zimbabwe Iron and Steel Company (Zisco) plant operator, Clayton Masiyatsva (MDC Alliance), has been elected Redcliff mayor, taking over from Zanu-PF's Freddy Kapuya who has dumped the Midlands ...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Zimra to reform tax collection processes

THE Zimbabwe Revenue Authority (Zimra) says it is looking to reform its tax processes as part of measures to improve collections and expand the tax base.While collections have improved in the first ha...

By Staff reporter | Published: 07 September 2018

POLITICS

'Zimbabwe not worried about sanctions'

ZIMBABWE will not preoccupy itself with sanctions by some Western capitals but will continue to work with progressive friendly nations to grow its economy, President Mnangagwa has said. Further, Presi...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

Capacity utilisation to exceed 50%: CZI

THE country's manufacturing sector capacity utilisation is set to exceed 50 percent this year on the back of gains achieved in the last two years, with more positive prospects under the new political ...

By Staff reporter | Published: 07 September 2018

OPINION

Mnangagwa must appoint competent team to steer economic recovery

THE enormity of the task of steering the country's economic revival requires that President Emmerson Mnangagwa appoints the best team at his disposal into Cabinet. The pool of possible Ministers avail...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

'Zimbabwe is open to global investors,' says Chiwenga

ZIMBABWE will continue engaging the international community and open up investment opportunities, as Government forges ahead with its drive to transform the economy and improve livelihoods for its cit...

By Staff reporter | Published: 07 September 2018

BUSINESS NEWS

ZETDC must upgrade systems

The Consumer Council of Zimbabwe (CCZ) has called for a speedy system upgrade by the Zimbabwe Electricity Distribution Company (ZETDC) to enable smooth flow of transactions for electricity tokens that...

By Staff reporter | Published: 07 September 2018

MINING & RETAIL

Global platinum market headed for surplus

The global platinum market will end the year in a surplus of 295 000 ounces as both supply, from main producers Zimbabwe, South Africa and Russia, and demand for the metal will fall by 2 percent, the ...

By Staff reporter | Published: 07 September 2018

POLITICS

Mnangagwa signs 3 more 'mega' deals with China

President Mnangagwa on Wednesday met with his Chinese counterpart President Xi Jinping after the conclusion of the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC) and the two lead...

By Staff reporter | Published: 07 September 2018
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