BUSINESS NEWS

Companies retrench 160 more

EIGHT companies registered their agreements to lay-off workers with the Retrenchment Board earlier this month, affecting at least 160 employees, businessdigest reported.This adds to the 817 workers w...

By Staff reporter | Published: 21 July 2017

BUSINESS NEWS

Zim civil servants will not get salary increase

The government will be maintaining a salary freeze to create room for mobilising funding for key projects in light of the budgetary constraints affecting the economy.This was revealed by the Minister ...

By Staff reporter | Published: 20 July 2017

POLITICS

72% of Zimbabweans wallow in poverty

PUBLIC Service, Labour and Social Welfare Minister Prisca Mupfumira has disclosed that more than 10 million Zimbabweans, which translates to 72,3% of the population, were living in abject poverty.In a...

By Staff reporter | Published: 20 July 2017

POLITICS

Mugabe son-in-law joins political fray

PRESIDENT Robert Mugabe's political dynasty seems to be growing with each passing day, amid claims that his son-in-law, Simba Chikore, is eyeing a parliamentary seat in Makoni North constituency, Mani...

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

$175m bond notes in circulation

THE Reserve Bank of Zimbabwe (RBZ) has now injected $175 million worth of bond notes in the market, as cash shortages are pushing the central bank to draw on the Afreximbank-backed surrogate currency....

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

Computerisation of Zim's public transport data hits a snag

Plans to integrate and computerise Zimbabwe's public transport data have been held back by a tender row pitting serial government contractor Univern Enterprises and a South African rival, Mopane Proje...

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

Zinara trio in forex scam

Three Zimbabwe National Road Administration (ZINARA) bosses appeared in court yesterday charged with illegally sourcing foreign currency on the pretext of servicing a $206 million loan for the rehabil...

By Staff reporter | Published: 20 July 2017

POLITICS

Mujuru savages Grace Mugabe

FORMER Vice-President Joice Mujuru has hit out at First Lady Grace Mugabe (pictured), describing her as a selfish person, with no regard for suffering Zimbabweans.The First Lady made headlines after s...

By Staff reporter | Published: 20 July 2017

BUSINESS NEWS

'Bond notes to raise export earnings'

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya clocked three years at the helm of the apex bank in March this year.Our Business Editor, John Kachembere, spoke to the central bank chief who is a...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Chinamasa to present the Budget Review Statement

FINANCE and Economic Development Minister Patrick Chinamasa will present Zimbabwe's Annual Budget Review Statement and the 2017 Economic Outlook in the National Assembly tomorrow as a way to appraise ...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Businessman, artisanal miners clash

Mashonaland West's sole manufacturer of stock feed, Mr Taurai Mtisi has raised a red flag over uncontrolled mining activities close to his plant where he says he fears the operations pose a threat to ...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

2017 Mine Entra kicks-off -Live update

11:29: We advocate for a women's bank with no stringent conditions- Damasane. She ends her speech.11:28: Damasane calls for a 50-50 representation in boards and institutions to ensure equal opportunit...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Zimbabwe's IPPs output rises 416%

INDEPENDENT Power producers' output for 2016 increased 416 percent to 277,7 gigawatt hour from 57,8 GWh a year earlier, according to report by the power utility Zesa Holdings.277,7 gigawatt hour from ...

By Staff reporter | Published: 19 July 2017

Envoy urges French firms to invest in Zim

FRANCE'S ambassador to Zimbabwe, Richard Boidin has implored French companies to make long-term investments and has promised to draw more investors to Zimbabwe.Speaking at the French National Day, pop...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Zim engineers invited to enter Engineering Innovation Africa Prize

Engineers from Zimbabwe and others from sub-Saharan Africa have been invited to enter the fourth edition of the prestigious Africa Prize for Engineering Innovation.Engineers from Zimbabwe have feature...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

Investors shun CMED over cash shortages

Foreign payment challenges obtaining in Zimbabwe have affected investment prospects for ailing State owned Central Mechanical Department's fuel business unit, it has emerged. While investors are willi...

By Staff reporter | Published: 19 July 2017

POLITICS

Mujuru rubbishes Tsvangirai deadline

PROSPECTS of an opposition coalition against President Robert Mugabe continue to hit turbulence, with National People's Party (NPP) leader, Joice Mujuru yesterday distancing herself from claims by MDC...

By Staff reporter | Published: 19 July 2017

POLITICS

Mujuru apologises for stealing future of Zimbabweans

FORMER Vice-President Joice Mujuru, ousted from Zanu-PF three years ago, has again apologised for the 30 years she spent in her former party.Mujuru, now leader of National People's Party (NPP), said i...

By Staff reporter | Published: 19 July 2017

POLITICS

Zimbabwe needs $274m for polls

The Zimbabwe Electoral Commission (Zec) needs $274 million to successfully conduct the 2018 harmonised elections.Zec chairperson Justice Rita Makarau revealed this yesterday in a document she presente...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

12 Zim firms to exhibit in Zambia

THE country's export promotion body, ZimTrade, will lead 12 companies to this year's Zambia Agriculture and Commercial Show (ZACS) to be held next month.ZimTrade chief executive officer, Ms Sithembile...

By Staff reporter | Published: 19 July 2017

OPINION

Econet Wireless has failed many times

IF you do not know Econet then you are from Mars because it is one of the Mobile Network Operators (MNO) that brought the first cellphones in your hands to Zimbabwe.The brand has had an impact locally...

By Morris Mpala, MoB Capital Ltd | Published: 19 July 2017

OPINION

Utilise Zimra hotline to report corruption

The Zimbabwe Revenue Authority (Zimra) is doing well in discharging its constitutional obligation of collecting taxes for the State under very difficult circumstances.It is not easy to enforce tax com...

By Staff reporter | Published: 19 July 2017

POLITICS

Chiyangwa demands defamation damages of $2.5m

Dr Philip Chiyangwa has demanded defamation damages of $2,5 million from NewsDay and journalist Paidamoyo Muzulu over an article related to the land deal.In a letter of demand dated July 17, 2017, Dr ...

By Staff reporter | Published: 19 July 2017

BUSINESS NEWS

NSSA land puzzle solved

Chegutu Municipality sold land to Dr Philip Chiyangwa's Gabroc Enterprises in 2001 which went on to sell the property to the National Social Security Authority (NSSA) two years later, documents show.T...

By Staff reporter | Published: 19 July 2017

POLITICS

Businessman seeks Minister Chombo's arrest

Mutare businessman Tendayi Blessing Mangwiro has once again approached the High Court seeking the arrest of Home Affairs Minister, Dr Ignatious Chombo over his non compliance with court orders.Mangwir...

By Staff reporter | Published: 18 July 2017

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