BUSINESS NEWS

Mthuli Ncube sticks to bond notes

Finance minister Mthuli Ncube on Friday said the $8,2 billion budget for 2019 will address the currency crisis bedevilling Zimbabwe in the next few months, saying the shortage of the United States dol...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Strive Masiyiwa upbeat about Econet offshoot

Econet Wireless founder Strive Masiyiwa says spinning off Cassava Smartech from the telecoms business will attract a different type of investor to the ones who have traditionally invested in the telec...

By Staff reporter | Published: 25 November 2018

POLITICS

Obert Mpofu praises Mthuli Ncube

THE Zanu-PF Secretary for Administration, Dr Obert Mpofu, has praised the 2019 National Budget announced by Finance and Economic Development Minister Professor Mthuli Ncube last week, saying it raises...

By Staff reporter | Published: 25 November 2018

POLITICS

Chiwenga rallies nation around Mnangagwa

Anyone harbouring Presidential ambitions should sit back, relax and leave the ruling party and State President to mend the economy without disturbances, Vice-President Dr Constantino Chiwenga has said...

By Staff reporter | Published: 25 November 2018

POLITICS

Presidential Inputs sold in Zambia

UNSCRUPULOUS individuals in Binga District, Matabeleland North Province are allegedly crossing the Zambezi River to sell in Zambia farming inputs they received under the Presidential Inputs Scheme.Inf...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Civil servants bonus before Christmas

THE Government is working on dates for payments of this year's annual bonus for civil servants and yesterday assured that all workers will receive their 13th cheques before Christmas.In an interview, ...

By Staff reporter | Published: 25 November 2018

BUSINESS NEWS

Ginimbi, Wicknell and the evolution of Zimbabwe's flamboyant businessman

WHEN Zimbabwe's Minister of Finance Mthuli Ncube announced the country's highly anticipated budget last Thursday, it would have been interesting to have been a fly on the wall in the residences of the...

By Staff reporter | Published: 25 November 2018

POLITICS

Pharmacies, retailers to lose licences, says Mnangagwa

PRESIDENT Emmerson Mnangagwa has said pharmacies that demand foreign currency for medicine and medical provisions will lose their licences.The Head of State and Government said his administration woul...

By Staff reporter | Published: 25 November 2018

POLITICS

New power struggle rocks Zanu-PF

THE stage is set for a bruising turf war between Zanu-PF leader Emmerson Mnangagwa (pictured) and his ambitious deputy Constantino Chiwenga at the ruling party's annual conference to be held in Esigod...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

Corruption damaging Zimbabwe recovery

TRANSPARENCY International's 2017 corruption perception index ranked Zimbabwe number 157 out of 180 countries. Using a scale of 0 to 100 (where 0 is highly corrupt and 100 is very clean), Zimbabwe has...

By Paddington Masamha | Published: 23 November 2018

POLITICS

Chamisa faction to embarrass Mwonzora

THE MDC leadership will today square off at the national council meeting where a faction linked to party leader Nelson Chamisa is reportedly trying to embarrass secretary-general Douglas Mwonzora, who...

By Staff reporter | Published: 23 November 2018

POLITICS

Mnangagwa thrown under the bus at the Motlanthe commission

Zimbabwe's Attorney-General and the government's principal legal adviser, Prince Machaya, yesterday threw President Emmerson Mnangagwa under the bus when he told the commission of inquiry into the Aug...

By Staff reporter | Published: 23 November 2018

POLITICS

Mwonzora opens his heart on challenging Chamisa

WITH reports circulating of an alleged rift between MDC leader Nelson Chamisa and secretary-general, Douglas Mwonzora, NewsDay reporter Kudzai Muchenjekwa (ND) caught up with Mwonzora (DM) who spoke i...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

Zimbabwean banker loses SA home over $4.5 million debt

FORMER Trust Bank director Christopher Goromonzi lost his plush Johannesburg home after it was auctioned to offset a reported $4,5 million debt he owes a South African bank, it has been learnt.Goromon...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

Bitter pill to swallow for greedy Zimbabwe pharmacies

PHARMACEUTICAL and Chemical Distributors (PCD), a local drug distributor, has revealed that it is supplying pharmaceuticals to pharmacies in bond note currency and transfers, which they resale in Unit...

By Staff reporter | Published: 23 November 2018

POLITICS

War Vets leader in Chiredzi against by-elections

NATIONAL political commissar for the Zimbabwe National Liberation War Veterans Association (ZNLWVA), Francis Nhando says the ruling Zanu PF party will lose to the MDC Alliance if the party recalls its...

By Staff reporter | Published: 23 November 2018

POLITICS

Chaos reigns as Zimbabwe police eject MPs

Violence broke out in the National Assembly before Finance minister Mthuli Ncube announced the 2019 national budget statement after the Speaker Jacob Mudenda unleashed police officers on MDC Alliance ...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

Chamisa led Municipalities accused of extravagance

CIVIC Society and Churches Joint Forum (CSCJF) activists drawn from Bulawayo and Gweru yesterday besieged Bulawayo City Council offices and the Holiday Inn Hotel - where Gweru city councillors are att...

By Staff reporter | Published: 23 November 2018

OPINION

Patriotism can save Zimbabwe economy

IN the last few weeks, particularly after elections, Zimbabwe's economy has undergone a material and rapid negative transformation, leaving business, government and labour in a crisis. The biggest dip...

By Daniel Ngwira | Published: 23 November 2018

BUSINESS NEWS

Businessman remanded for mortgaging council land

A HARARE businessman, one of the shareholders of Augur Investments that won a tender to construct Airport Road, appeared in court yesterday facing fraud allegations after he mortgaged City of Harare l...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

Mthuli Ncube piles more tax misery to Zimbabweans

ZIMBABWEANS should brace for more price hikes after Finance minister Mthuli Ncube increased excise duty on petrol and diesel as fundamentals pointed to a worsening economy despite token measures to co...

By Staff reporter | Published: 23 November 2018

BUSINESS NEWS

The bond note stays put

ZIMBABWE'S surrogate bond note currency will continue to circulate as Treasury says it will maintain the 1:1 parity between local money and the greenback. This is despite the disparity in exchange rat...

By Staff reporter | Published: 23 November 2018

OPINION

Is Mnangagwa morphing into another dictator?

THE scenes in Parliament yesterday afternoon just before the presentation of the 2019 National Budget by Finance minister Mthuli Ncube were unbelievable. Police fighting with and pulling at opposition...

By Editorial - newsday | Published: 23 November 2018

BUSINESS NEWS

Duty on pads removed

FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday suspended customs duty on sanitary wear for the next one year. Presenting the 2019 National Budget in Parliament, Prof Ncube ...

By Staff reporter | Published: 23 November 2018

POLITICS

Mnangagwa starts public service sector reforms

GOVERNMENT has started the process of reforming the public service with a view to streamlining it in line with the Second Republic transformation agenda. This was said by the Chief Secretary to the Pr...

By Staff reporter | Published: 23 November 2018
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