BUSINESS NEWS

Zesa to disconnect defaulting bigwigs

AS power shortages escalate with devastating effects on both domestic and industrial use, power utility Zesa Holdings (Zesa) has threatened to cut supplies to defaulting users including political heav...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Fuel crisis persists in Zimbabwe

THE country's fuel crisis is getting worse as long winding queues have begun to resurface across the country, a week after government banned the use of the multi-currency system.Deputy Energy minister...

By Staff reporter | Published: 02 July 2019

POLITICS

Khupe speaks on currency

Leader of the smaller MDC Thokozani Khupe has said the new monetary policy highlighted by the ending of a 10-year multi-currency system, does not demonstrate a long term plan with a defined path to so...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Power cuts worsen Bulawayo water rationing

THE water crisis in the second largest city is set to worsen after the local authority said the ongoing power challenges have grossly affected its pumping capacity.The city council introduced a 36-hou...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

'No going back on Zimdollar'

The government will never repeal Statutory Instrument (SI) 142 of 2019 which bans the use of foreign currencies as legal tender and makes the RTGS the country's sole legal tender - Justice minister Zi...

By Staff reporter | Published: 02 July 2019

POLITICS

Ndiweni in Mnangagwa climbdown

OUTSPOKEN traditional leader, Chief Nhlanhlayamangwe Ndiweni - who has in recent months courted the ire of Zanu-PF apparatchiks with his stinging criticism of the government - has praised President Em...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Prices of goods in Zimbabwe will come down

PRESIDENT Emmerson Mnangagwa's under-pressure government says it is confident that the sky-high prices of basic goods that have made the lives of ordinary citizens miserable over the past few months w...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Chasi posts R139 million proof of payment to Eskom on Twitter

Zimbabwe's energy minister Fortune Chasi was on Tuesday forced to put the proof of the country's US$10m (R139m) payment to Eskom on his twitter account, after earlier claims of having paid was refuted...

By Staff reporter | Published: 02 July 2019

POLITICS

Chamisa will not allow Mnangagwa to stay up to 2023

Zimbabwe's economic crisis has potential to breed instability in the country and needs urgent redress, opposition leader Nelson Chamisa has said.Chamisa, mandated by the MDC congress in May to find la...

By Staff reporter | Published: 02 July 2019

POLITICS

Muchinguri claims $1 million defamation damages from Daily News

DEFENCE Minister, Oppah Muchinguri-Kashiri has filed a $1 million suit against the Daily News for alleged defamation in a case in which the private paper published an article claiming her housing coop...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Measures in place to preserve Zimbabwe dollar value

Finance and Economic Development Minister Professor Mthuli Ncube says authorities have instituted measures that will ensure that the local currency will not suffer previous depredations, following the...

By Staff reporter | Published: 02 July 2019

BUSINESS NEWS

Mnangagwa's govt urged to maintain fiscal discipline

THE move by government to make the RTGS currency the country's sole legal tender can work if government remains fiscally disciplined, builds political and economic confidence and boost production.Last...

By Staff reporter | Published: 01 July 2019

POLITICS

Zanu-PF youth League to look into Chiri's reports

THE Zanu-PF Youth League which has been breathing fire and brimstone over corruption in government and the private sector said it will be looking into Auditor-General (AG) Mildred Chiri's reports whic...

By Staff reporter | Published: 01 July 2019

POLITICS

Pressure on Mnangagwa

PRESIDENT Emmerson Mnangagwa is under extreme pressure to act on Auditor-General (AG) Mildred Chiri's reports, which are exposing the rot in government.This comes after Chiri released damning reports ...

By Staff reporter | Published: 01 July 2019

POLITICS

ZCTU defiant, members to proceed with demonstration

THE Zimbabwe Congress of Trade Unions (ZCTU) yesterday said its members will proceed with their demonstration if government does not revert back to the multi-currency regime, but President Emmerson Mn...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Zimbabweans resort to firewood, plastic, gas unaffordable

WITH a 15 to 19 hour load shedding schedule underway, massive hikes in prices of firewood and acute shortages on gas, some Zimbabweans have resorted to burning plastic to cook meals.Barely a week ago,...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Mthuli Ncube's sweeping move brings stability

FINANCE Minister Mthuli Ncube's sweeping decision to discard the multi-currency system that had obtained in Zimbabwe for the past 10 years has brought with it some modicum of stability into the econom...

By Staff reporter | Published: 01 July 2019

POLITICS

Mnangagwa thumbs nose at protest threats

BARRING threats of social upheaval, President Emmerson Mnangagwa has declared he is ready to stick it out and push with his reform agenda.Mnangagwa on Thursday told captains of industry meeting under ...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Minister 'unleashes' Zanu-PF youths, police to grab mine

Mashonaland East Provincial Affairs minister Appolonia Munzverengi is being accused of using her political muscle to grab a mining claim owned by Mekasi Engineering.The company claim that the minister...

By Staff reporter | Published: 01 July 2019

OPINION

Analysis of Zimbabwe's Statutory Instrument 142 of 2019

ON June 24, 2019, Zimbabwe woke to news of a statutory instrument with clearly far-reaching effects in that it alters the currency landscape. This instrument has been followed by directives from the R...

By Mushoriwa Pasi | Published: 01 July 2019

POLITICS

Chiefs urge Mnangagwa to urgently address rising cost of living

CHIEFS in the Midlands and Matabeleland regions have called on President Emmerson Mnangagwa to urgently address the rising cost of living, including sharp increases in food insecurity.Mnangagwa met ch...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Chasi blames Ncube, Mangudya over Eskom gaffe

ENERGY minister Fortune Chasi has publicly apologised for the embarrassment he caused after the government misinformed the public that the State had paid a US$10 million to settle a debt with a South ...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Maize ban triggers Zimbabwe - Zambia border stand-off

Some Zimbabweans without proper documentation were denied entry into Zambia last week as the neighbouring reacted to the confiscation of maize by Zimbabwean authorities following the introduction of S...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Zimbabwe engages Afreximbank over US$70m package

THE African Export-Import Bank (Afreximbank) is working on a financial package in the region of US$70 million for the local manufacturing sector. This was revealed by Industry and Commerce Minister Nq...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

RioZim makes appointments

ZIMBABWE Stock Exchange-listed mining group, RioZim, has appointed Mr Saleem Rashid Beebeejaun as chairman with effect from June 25, 2019. He takes over from Mr Lovemore Chihota who recently celebrate...

By Staff reporter | Published: 01 July 2019
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