POLITICS

Mphoko named in forex scandal

Vice President Phelekezela Mphoko has been sucked into a dispute between Bulk Cash and Carry Wholesale (BCCW) and one of its employees who has made a report to the police, accusing the company of exte...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Zimra to swoop on land barons

FINANCE minister Patrick Chinamasa has warned that the Zimbabwe Revenue Authority (Zimra) will soon swoop on land barons and launch lifestyle audits on them, even though they are using their membershi...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Zim secures $242m for next farming season

THE Government has secured $242 million from the European Union (EU) and the Food and Agriculture Organisation to support the agriculture sector in the 2017/18 farming season.According to the Common M...

By Staff reporter | Published: 27 July 2017

BUSINESS NEWS

Govt sets targets for SEZ board

The Minister of Industry and Commerce, Dr Mike Bimha has implored the Special Economic Zones board to work hard in mobilising investment to the country, saying failures of the past should not be repe...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zimra, CVR synchronise vehicle data bases

The Zimbabwe Revenue Authority (ZIMRA) says the synchronisation of vehicle registration between ZIMRA and the Central Vehicle Registry  (CVR) is expected to curb rampant smuggling of vehicles.Th...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Investors target Zimbabwe diaspora community

Securities and investment firms are targeting to harness potential from the 4 million Zimbabwean diaspora community base to promote appetite towards capital market investments.Capital markets in Zimba...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zim women make breakthrough in boards

The Institute of Directors Zimbabwe (IDZ) is recording progress on the initiative to promote a 50 percent women representation in company boards.The programme started last year to redress the skewed s...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Cash hoarding worsen liquidity challenges

The retail sector has raised concern over poor monitoring mechanisms by monetary authorities as some companies are not banking their cash for circulation purposes.As the cash crisis increases, the ret...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Mike Ndudzo appointed Auditor-General

Industrial Development Corporation General Manager Mr Mike Ndudzo has been appointed Auditor-General, taking over from Mrs Mildred Chiri who is stepping down following the expiry of her tenure.Mr Ndud...

By Staff reporter | Published: 27 July 2017

EDUCATION

Zimbabwean scientists unravel El Nino origins

A new study by two Zimbabwean climate science experts could make it possible to predict El Nino Southern Oscillation (ENSO) ENSO several months before its occurrence.Climate experts say ENSO is one of...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zimbabwe urged to remove US$-Bond Note parity

Monetary authorities should let the market determine the true value of the bond note currency to curb its externalization and in turn reduce cash shortages, a leading economist has said.Zimbabwe intro...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Net closing in on Zimbabwe tax evaders

The Government is working round the clock to catch tax evaders including land barons, Finance and Economic Development Minister Patrick Chinamasa has said.Speaking at the handover of residential stand...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zimra closes in on churches

The Zimbabwe Revenue Authority (Zimra) says it is looking into the country's churches with the view of establishing clearer taxing boundaries, amid indications most pastors are failing to remit all th...

By Staff reporter | Published: 26 July 2017

POLITICS

Mugabe here to stay, says Sekeramayi

A few days after President Robert Mugabe railed at top guns in his party who are jostling to succeed him, Defence minister Sydney Sekeramayi has weighed in, saying there was no vacancy at State House....

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

'150% duty for second-hand vehicles into Zim'

SPEAKER of the National Assembly Jacob Mudenda wants the Zimbabwe Revenue Authority (Zimra) to charge 150% in customs duty on second-hand vehicles, claiming Zimbabwe has become Japan's largest warehou...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

'Zim parastatal boards lack quality'

Finance minister Patrick Chinamasa has conceded there is lack of quality in parastatal boards, saying Cabinet has committed to rectifying this issue after gazetting the Public Entities Corporate Gover...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Bill to curb corruption at Zim parastatals

A BILL that will curb corruption at State enterprises and parastatals (SEPs) and hefty salaries of chief executive officers is now before Parliament.Clerk of Parliament Kennedy Chokuda on Monday invit...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Gwanda businesspeople seek partnership

A GROUP of businesspersons has championed an initiative to engage potential local and foreign partners in harnessing investment for Gwanda Town.Operating under the Gwanda Investment and Economic Devel...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Moves to enhance Zim's industry

INDUSTRY and Commerce Minister, Dr Mike Bimha, has appointed the inaugural National Competitiveness Commission board, which is expected to come up with strategies to improve local industry competivene...

By Staff reporter | Published: 26 July 2017

OPINION

Understanding financial innovation

Financial innovation can be defined as the act of creating and then popularising new financial instruments.This implies advances over time in the financial instruments and payment systems used in the ...

By Sanderson Abel | Published: 26 July 2017

POLITICS

Chombo fights 'imminent' arrest

HOME Affairs Minister Ignatius Chombo says his arrest and civil imprisonment for defying court orders was now imminent and has instructed his lawyers to file an urgent application to stop the Sheriff ...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Housing scheme divides civil servants' unions

THE government's recent offer to provide housing units for its employees has left civil servants' unions sharply divided, with the Progressive Teachers' Union of Zimbabwe (PTUZ) rubbishing the scheme ...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

Zim govt finally pays bonuses

GOVERNMENT has paid the last tranche of civil servants' 2016 bonuses four months before the end of another year, when it is expected to honour the same obligation.President Robert Mugabe's administrat...

By Staff reporter | Published: 26 July 2017

BUSINESS NEWS

New committee to spearhead Udcorp

THE Urban Development Corporation (Udcorp) board has set up a committee to spearhead its transformation, as it seeks to place itself as the leader in the provision of low-income houses after receiving...

By Staff reporter | Published: 26 July 2017

POLITICS

'Bigwigs extort protection fees from white farmers'

ZANU-PF youth in Manicaland province have accused ruling party bigwigs of receiving 10% of farm produce sold by white commercial farmers in the area as protection fee.Speaking at an inter-district mee...

By Staff reporter | Published: 26 July 2017

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