POLITICS

Matutu's corruption 'name and shame' backfires

THE Zanu-PF youth league's "name and shame" exercise of alleged corrupt people has backfired after Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and Zimbabwe Miners Federation president Henrie...

By Staff reporter | Published: 27 June 2019

POLITICS

Lecturer in trouble over anti-Mnangagwa slur

A LECTURER at the Harare Polytechnic College has been suspended for allegedly denigrating President Emmerson Mnangagwa over poor civil servants' salaries during a conversation with a soldier at a bar ...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Zimdollar given 5-day ultimatum

THE National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimb...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

23 toll-gate staffers dismissed for fraud in three months

A company managing part of the Zimbabwe National Roads Administration (Zinara)'s toll-gate network has dismissed some 23 workers on charges of fraud in the last three months, Parliament has heard.Duri...

By newzimbabwe | Published: 27 June 2019

BUSINESS NEWS

International remittances recipients to get forex

Recipients of international remittances will continue receiving money in hard currency following the abolishment of multi-currency system or can be paid in local currency at a prevailing official exch...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

New regulations tame bourse arbitrage window

THE 90-day disposal window of dual listed securities or shares bought by investors on the Zimbabwe Stock Exchange is a positive move as it tames arbitrage opportunities and externalisation of funds, e...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Economists warn against USD-based prices

The Economists Roundtable has implored businesses to stop pegging prices of goods and services against the value of the US dollar since the costs they incur are in local currency. The call follows the...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Cabinet approves currency reforms

Cabinet has approved currency reforms introduced by Treasury which culminated in the scrapping of the multi-currency system on local transactions saying the move would now bring normalcy in the econom...

By Staff reporter | Published: 27 June 2019

BUSINESS NEWS

Mthuli Ncube slams debt takeover practice

Government may not take over the debts of State-owned entities such as Air Zimbabwe and Zisco, touted as critical to make them more attractive to investors, after Finance and Economic Development Mini...

By Staff reporter | Published: 27 June 2019

POLITICS

Mphoko to get his exit package

Former vice president (VP) Phelekezela Mphoko, is now likely to get his terminal benefits, more than a year after he was booted out of government. According to the independently-owned Daily News newsp...

By Staff reporter | Published: 26 June 2019

POLITICS

Obert Mpofu 'refuses' to answer questions in court

EMBATTLED Zanu-PF secretary for administration and former Home Affairs minister Obert Mpofu yesterday refused to answer questions thrown at him by Ntabazinduna Chief Nhlanhlayemangwe Felix Ndiweni's l...

By Staff reporter | Published: 26 June 2019

POLITICS

Chiwenga haunts Jonathan Moyo

Former Higher and Tertiary Education, Science and Technology Development minister Jonathan Moyo, who is battling to defend a $5 million defamation claim filed by Vice-President Constantino Chiwenga tw...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Bogus estate agents on the prowl

REGISTERED estate agents in Gweru on Monday claimed that bogus property sellers were on the prowl in the Midlands capital and called on the council to help weed out the illegal operators.Trevor Dollar...

By Staff reporter | Published: 26 June 2019

OPINION

Scrapping of multi-currency regime: The implications

ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intended steri...

By Respect Gwenzi | Published: 26 June 2019

BUSINESS NEWS

Tendai Biti claims SI 142 is illegal

FORMER Finance Minister and legislator Tendai Biti has described the abandonment of the multi-currency system by government as a disaster while urging its reversal.The MDC MP for Harare East was addr...

By Staff reporter | Published: 26 June 2019

OPINION

The Chamisa effect and hope for a new Zimbabwe

NELSON Chamisa, the unopposed president of the opposition MDC, recently announced the members of his national executive committee. The appointments are not surprising - in many respects, they are a cu...

By Obert Hodzi | Published: 26 June 2019

POLITICS

Treason suspects' freedom bid flops

THREE treason suspects - MDC MP Joana Mamombe, cleric Evan Mawarire and Zimbabwe Congress of Trade Union (ZCTU) leader Peter Mutasa - had their separate applications for removal from remand dismissed ...

By Staff reporter | Published: 26 June 2019

POLITICS

Tajamuka gives Mnangagwa 7 day ultimatum

FIREBRAND pressure group Tajamuka/Sesijikile has given President Emmerson Mnangagwa a seven-day ultimatum to fix the current crippling financial crisis short of which they will call for a national sh...

By newzimbabwe | Published: 26 June 2019

BUSINESS NEWS

Mthuli Ncube told to 'Set up Monetary Policy Committee'

ECONOMIST and businessman, Mr Eddie Cross, has hailed Government for abolishing the multi-currency system in favour of the local currency. Government on Monday scrapped the multi-currency regime and r...

By Staff reporter | Published: 26 June 2019

POLITICS

ZRP starts equipping police to deal with rioters

THE Zimbabwe Republic Police (ZRP) has started equipping police to deal with rioters in fulfilment of recommendations made by a Commission of Inquiry led by former South Africa President Kgalema Motl...

By Staff reporter | Published: 26 June 2019

POLITICS

Mnangagwa's Politburo meets today

THE Zanu-PF Politburo will convene a meeting at the party's headquarters in Harare today. In a statement yesterday, party spokesperson Simon Khaya Moyo said a Central Committee meeting which had been ...

By Staff reporter | Published: 26 June 2019

POLITICS

Chamisa's MDC in dialogue u-turn

THE MDC Tuesday looked to have given up on demands for a dialogue process involving itself and Zanu-PF although reiterating President Emmerson Mnangagwa should allow a neutral mediator to handle the t...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

RBZ hikes interest rate to 50%

THE Reserve Bank of Zimbabwe (RBZ) has increased the interest rate on its overnight window to 50 percent per annum from 15 percent in a bid to tame inflationary pressures alongside other measures mean...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

RBZ scraps US$10 000 daily trading limit for bureaux de change

THE Reserve Bank of Zimbabwe (RBZ) has scrapped the US$10 000 daily trading limit for bureaux de change and the 2,5 percent maximum profit margin for banks, in a bid to make the interbank forex market...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Mnangagwa claims that 'Country has returned to normalcy'

PRESIDENT Mnangagwa yesterday said the removal of the multi-currency regime marks the country's return to normalcy while assuring Zimbabweans that the Bond note will not be decommissioned. Finance and...

By Staff reporter | Published: 26 June 2019
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