BUSINESS NEWS

66% of firms to pay 2018 bonuses

A SURVEY has revealed that 66 percent of local firms will pay bonuses this year, an increase of 16 percent from last year. The survey by Industrial Psychology Consultants covered a sample of 71 compan...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

'Bulawayo industry needs remodelling'

BULAWAYO needs to transform its industrial focus through adoption of an agile approach and investing more on new business lines consistent with global demands, the Project Management of Zimbabwe (PMZ)...

By Staff reporter | Published: 20 December 2018

POLITICS

Chivayo prosecution takes new twist

Intratrek Zimbabwe managing director Wicknell Chivayo's criminal case is on the brink of collapse after High Court judge Justice Tawanda Chitapi last week ruled that the contract between his company a...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Kwekwe engages debt collectors

Cash-strapped Kwekwe City Council has engaged debt collectors  to recover $45 million owed by ratepayers. Addressing a full council meeting, Kwekwe treasurer Mrs Rejoice Maweni said council has s...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Volume of travellers in Beitbridge increases

There is increased activity at Beitbridge Border Post as Zimbabweans based in South Africa are coming back home for the Christmas and New Year's holidays. Long queues of vehicles and people have been ...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Mthuli Ncube defends forex duty in an intelligent manner

Finance and Economic Development Minister Professor Mthuli Ncube yesterday defended the payment of import duty in foreign currency in his 2019 National Budget Statement saying the measure was premised...

By Staff reporter | Published: 20 December 2018

POLITICS

Soldiers' use of live bullets was 'unjustified and disproportionate' - Report

SOLDIERS and police who were deployed to quell post-election protests which rocked Harare on August 1 killed six people and injured 35 others, while their use of live bullets was "unjustified and disp...

By Staff reporter | Published: 19 December 2018

OPINION

Exchange control is the central problem facing Zimbabwe at present

BY introducing exchange control via the Reserve Bank, the State has done the following:     Created a system to ‘sweep’ some US$3 billion in direct foreign earnings into the no...

By Eddie Cross | Published: 19 December 2018

BUSINESS NEWS

Foreign-based motorists urged to use eTIP facility

MOTORISTS using foreign registered vehicles in the country should use the electronic temporary import permit (eTIP) facility to avoid delays at ports of entry, the Zimbabwe Revenue Authority's Customs...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Harare hit by serious water chemical shortages

Harare residents should brace for a dry festive season or rely on rain water, as council has run out of water purification chemicals.Mayor Herbert Gomba yesterday gave a grim picture of water supply i...

By Staff reporter | Published: 19 December 2018

OPINION

August 1 massacre commander's promotion raises stink

Presidential Guard commander Anselem Nhamo Sanyatwe's recent promotion to the rank of Major-General before the release of the results of the commission of inquiry (COI) into the August 1 shooting rais...

By Editorial - newsday | Published: 19 December 2018

BUSINESS NEWS

Harare City Council sells land to raise salaries

HARARE City Council has resolved to sell a prime piece of land in Mount Pleasant to a property developer to raise money for salaries.The land is currently being used by the ruling Zanu PF party as its...

By Staff reporter | Published: 19 December 2018

POLITICS

Ex-minister Muguti fights default judgment

FORMER Health deputy minister Edwin Muguti, who was recently slapped with a default judgment for failing to pay over $13 600 in rental arrears for a property he allegedly left infested with pests and ...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

MFIs lending skewed towards consumption

MICROFINANCE institutions (MFIs) lent $50,5 million for consumptive purposes in the nine months to September, representing a third of the industry's loans in issue.Zimbabwe has a thriving MFI sector, ...

By Staff reporter | Published: 19 December 2018

POLITICS

State admits lack of documentary evidence in Mandiwanzira case

The State yesterday conceded that it did not have some of the documented evidence needed to nail former Cabinet minister Supa Mandiwanzira, who is facing charges of contracting a company he had intere...

By Staff reporter | Published: 19 December 2018

POLITICS

Biti tears into Mthuli Ncube's budget

Harare East MP Tendai Biti (MDC Alliance) yesterday tore into the 2019 National Budget presented by Finance minister Mthuli Ncube, saying it violated the Constitution for charging duty on vehicles in ...

By Staff reporter | Published: 19 December 2018

POLITICS

War vets storm Mnangagwa office

A GROUP of 20 former freedom fighters calling themselves the War Veterans Welfare Committee yesterday stormed President Emmerson Mnangagwa's Munhumutapa office to hand over a 10-page petition demandin...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Cassava enters the Zimbabwe market at $3.8 billion

Cassava SmarTech Zimbabwe made history on 18 December 2018 when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8bn. It immediately became Zimbabwe's third most valua...

By Staff reporter | Published: 19 December 2018

POLITICS

Zanu-PF recovers 15 vehicles from expelled members

Zanu-PF says it has recovered 15 party vehicles from expelled members and has enlisted the service of police to recover 13 more. The ruling party in November last year, expelled G40 kingpins and later...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

'Extend 20% forex scheme to all farmers'

THE Reserve Bank of Zimbabwe (RBZ) should extend its 20 percent forex payment scheme to all farmers other than cotton and tobacco growers so as to enhance increased agricultural output. In an intervie...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Businesswoman's trial for 'externalising' $6m postponed

THE trial of a Bulawayo businesswoman who has been on the police wanted list for allegedly externalising more than $6 million to Botswana, has been postponed to January 25 next year. Delny Deanna Ashl...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Merspin secures Swiss partners

BULAWAYO-BASED textile concern, Merspin Limited, has secured technical partners from Switzerland to redesign the local plant and recommend new equipment for the proposed factory upgrade. The company, ...

By Staff reporter | Published: 19 December 2018

BUSINESS NEWS

Mash West farmers counting losses

Farmers in Mashonaland West Province are counting their losses after their early planted crop failed to germinate. As a result, they are being forced to buy more inputs including seed, weed control ch...

By Staff reporter | Published: 19 December 2018

POLITICS

Chamisa to humiliate Mudzuri?

The fate of MDC Alliance vice president Eng Elias Mudzuri will now be decided by opposition leader Mr Nelson Chamisa after the national council referred disciplinary issues against the former Harare m...

By Staff reporter | Published: 17 December 2018

OPINION

The West judges Zimbabwe differently

The Western world judges Zimbabwe at a higher standard than it does other African countries, and that's not entirely a bad thing.The temptation is to demand that the European Union (EU) and the United...

By newZWire | Published: 17 December 2018
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