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

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

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

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

BUSINESS NEWS

Zimbabwe diamond cartels target 'spiritualist'

A controversial Chiadzwa "spiritualist", who has been leading rituals to cleanse the diamond fields, has sensationally claimed that illegal diamond cartels are targeting him.Matthew Mundondo, who is ...

By Staff reporter | Published: 07 September 2017

POLITICS

Alternative Mining Indaba held

Small scale miners from Matabeleland South Province converged in Gwanda during the provincial Alternative Mining Indaba to discuss challenges affecting the sector.The miners drawn from the seven distr...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

'Import ban fuels forex shortages'

A ban in the importation of at least 100 basic consumer goods imposed by government last year fuelled foreign currency shortages after recovery of local companies increased demand for forex, Reserve B...

By Staff reporter | Published: 07 September 2017

OPINION

Cash crisis and bank power politics in Zimbabwe

MONEY shortages in Zimbabwe have changed power politics at banks, once again, bringing back the nation's old pastime - queuing.The customer, who normally should be king, is now subservient to the secu...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Diasporans can help turn Zimbabwe economy

ZIMBABWEANS in the Diaspora have the capacity to contribute significantly towards reviving the country's ailing economy, which is afflicted by low levels of foreign investment.Diaspora Infrastructure ...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Beitbridge town seeks investment partnerships

BEITBRIDGE Town Council is seeking investment partnerships to develop key infrastructure and other major capital projects on a private public partnerships basis.Council chairperson, Mrs Showa Moyo sai...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Zimbabwe earns $3.2 billion forex in 8 months

ZIMBABWE'S foreign currency receipts rose 6,6 percent to $3,2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Forex shortages spur price hikes in Zimbabwe

CHALLENGES faced by retailers in securing foreign currency to import products, especially commodities local industry is not able to produce, have resulted in sporadic price increases that have put pre...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Retailers struggle to process foreign payment

Zimbabwe's retail sector is reeling from foreign payment delays with some claiming they will soon be retrenching as sales have been waning on the back of payment delays. RBZ governor John Mangudya and...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Govt reinstates Mildred Chiri as auditor general

Government has clandestinely brought back auditor general, Mildred Chiri, who was unceremoniously dismissed from her job in July, triggering a furore from the legislators. Chiri said that she was back...

By Staff reporter | Published: 07 September 2017

POLITICS

Mugabe meets Zim business as crisis intensifies

PRESIDENT Robert Mugabe will today meet business leaders to discuss the country's economic emergency, just as retailers warned his government this week of imminent food shortages caused by a worsening...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

'Zim depositors have no right to demand forex'

NON-EXPORTING depositors have no right to demand foreign currency from local banks because they are not generating any, Barclays Bank of Zimbabwe (Barclays) chief executive officer, George Guvamatanga...

By Staff reporter | Published: 07 September 2017

BUSINESS NEWS

Zim millers need $22m for fortification

Local millers need a whopping $22 million dollars to implement the government directed food fortification programme which they argue needs specialized people and laboratories to achieve the intended r...

By Staff reporter | Published: 07 September 2017

OPINION

Zimbabwe bond note myth is exposed

The wheels have come off Chinamasa's mystic wagon, the unorthodox attempt to get around fundamental rules and principles of economics have failed, his cosmetic fiscal tactics are finally exposed as we...

By Jacob Mafume PDP Spokesperson | Published: 06 September 2017

BUSINESS NEWS

IDBZ mobilizing $35m for students residences

THE Infrastructure Development Bank of Zimbabwe (IDBZ) has started mobilising $35 million needed to finance the first phase of constructing student accommodation at State universities.The total cost ...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Zimtrade tackles trade deficit

Zimtrade is seeking ways of reducing a trade deficit of $1.2 billion recorded in the first seven months of this year by engaging exporters and looking for ways of boosting productivity in critical sec...

By Staff reporter | Published: 06 September 2017

BUSINESS NEWS

Mnangagwa's plan to rebuild Zim after Mugabe

In January, a photograph appeared in Zimbabwe's media showing Vice President Emmerson Mnangagwa enjoying drinks with a friend. In his hand was a large novelty mug emblazoned with the words: "I'M THE ...

By Joe Brock and Ed Cropley | Published: 06 September 2017

POLITICS

Tsvangirai, Khupe to bury hatchet?

Sanity could soon return to the country's largest opposition party as the quarrelling parties - MDC leader Morgan Tsvangirai and his deputy, Thokozani Khupe - signalled their desire yesterday to smoke...

By Staff reporter | Published: 06 September 2017

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