BUSINESS NEWS

Zimbabwean consumers failing to secure loans from banks

Zimbabwean consumers are facing increasing difficulties in accessing loans from traditional banking institutions due to low wages and the escalating cost of living, according to the IH Zimbabwe Consum...

By Staff reporter | Published: 08 July 2025

BUSINESS NEWS

Harare firm fined for failing to submit Income Tax returns

A Harare-based company, Investible Investments (Private) Limited, has been fined US$300 by the Harare Magistrates Court after it was found guilty of failing to submit income tax and Pay As You Earn (P...

By Staff reporter | Published: 03 July 2025

TRANSPORT & TOURISM

Air Zimbabwe failing to attract an investor

INSOLVENT flag carrier Air Zimbabwe is failing to attract an investor, 11 months after government invited bids from potential suitors to take over the embattled entity, the Zimbabwe Independent can re...

By Staff reporter | Published: 11 October 2019

POLITICS

Chamisa failing to provide the much-needed leadership to trigger protests

AFTER failing to mobilise Zimbabweans for a crippling stay-away this week pressure group Tajamuka has joined a growing list of organisations that are pushing for opposition leader Nelson Chamisa to le...

By Staff reporter | Published: 05 July 2019

BUSINESS NEWS

'Mnangagwa's govt failing to fund industry revival'

INDUSTRY and Commerce minister Mangaliso Ndlovu has expressed concern over government's failure to adequately fund industries in their retooling and modernisation exercises.Speaking during a buyers an...

By Staff reporter | Published: 26 April 2019

BUSINESS NEWS

Funding for ailing companies

GOVERNMENT is set to avail funding to support ailing companies in the 2019 national budget to be announced this week and firms should formulate strategic value chains for effective growth, a Cabinet M...

By Staff reporter | Published: 20 November 2018

POLITICS

'Undenge jailing sends message to thieves'

THE Government is committed to fighting corruption by public officials as evidenced by the jailing of former Cabinet Minister Samuel Undenge and more prosecutions of that nature will help fight agains...

By Staff reporter | Published: 24 July 2018

OPINION

Bulawayo blast exposes ailing health institutions

BEYOND the horrific pictures of bloodied and shredded limbs following a blast which went-off at the recent Zanu-PF rally addressed by President Emmerson Mnangagwa at White City stadium, is a stark rea...

By Staff reporter | Published: 28 June 2018

POLITICS

'Grace Mugabe and G40 we derailing Zanu-PF'

THE time for sloganeering is over and the revolutionary party, Zanu-PF is reverting back to its founding principles dating back to the liberation struggle, says Politburo member, Perrance Shiri. Addre...

By Staff reporter | Published: 20 June 2018

ECONOMC INDICATORS

Falling SA rand hammers ailing Zimbabwe

THE alarming fall of the South African rand against major currencies - over the past few months - is likely to hit Zimbabwe's ailing economy hard.Although Harare continues to resist local industry's i...

By Staff reporter | Published: 15 June 2018

OPINION

Opposition failing democratic test

"WE MDC-T are being cruel to ourselves in candidate selection by allowing strangers a free ride at the expense of our long serving loyal committed cadres. Those with money and connections come throug...

By Vincent Gono | Published: 04 June 2018

POLITICS

Mnangagwa wishes ailing Mohadi 'speedy recovery'

President Emmerson Mnangagwa yesterday wished Vice President Kembo Mohadi a speedy recovery amid reports he is critically ill in hospital in South Africa.Mohadi and Retired General Constantino Chiweng...

By Staff reporter | Published: 05 May 2018

BUSINESS NEWS

Money changers derailing regional financial integration

Reserve Bank of Zimbabwe deputy governor Jesimen Chipika has accused illegal money changers of derailing regional financial integration efforts and promoting money laundering.Chipika made the remarks ...

By Staff reporter | Published: 25 April 2018

POLITICS

Tsvangirai's sons speak out on 'ailing' dad

Ailing opposition leader Morgan Tsvangirai's family has reportedly broken the silence over his health, saying that they have authorised the Movement for Democratic Change party's acting president Elia...

By Staff reporter | Published: 14 January 2018

MINING & RETAIL

Meikles stores division ailing

FINANCIAL results for Meikles Limited published last week show the group's stores division to be ailing. The group, however, had a decent outing during the period, buoyed by the supermarkets, agricult...

By Staff reporter | Published: 30 November 2017

POLITICS

Zanu-PF extends begging bowl to ailing firms

ZANU-PF Bulawayo province has extended a begging bowl to the city's struggling companies, its party members and ordinary residents to raise about $50 000 for President Robert Mugabe's upcoming campaig...

By Staff reporter | Published: 01 September 2017

FINANCIAL SERVICES

Banks freeze out ailing companies

THE Directors Protection Council of Zimbabwe (DPCZ) is fighting to save Bulawayo companies sinking in bank debts pleading with financial institutions to transfer their non-performing loans (NPLs) amou...

By Staff reporter | Published: 30 July 2017

BUSINESS NEWS

Govt urged to dump ailing parastatals

The government must stop bailing out ailing parastatals and instead channel resources towards small to medium enterprises (SMEs), a lobby group has said.SMEs Association of Zimbabwe chairman, Farai Mu...

By Staff reporter | Published: 30 July 2017

FINANCIAL SERVICES

RBZ will act accordingly on ailing banks

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya insists that troubled banks have up to end-June to put their act together before authorities can move in to restore investor confidence.The Centra...

By Staff reporter | Published: 22 June 2015

FINANCIAL SERVICES

Ailing economy bites insurance sector

Eight short-term insurance companies reported losses in the full year to December 2014 as Zimbabwe's moribund economy continues to affect the country's insurance industry.A report by the Insurance and...

By Staff reporter | Published: 21 June 2015

ZIMBABWE

Ailing economy condemns ZSE to six-year low

The Zimbabwe Stock Exchange (ZSE) witnessed its slowest quarter of trading since dollarisation in 2009 with market value declining by 41 percent to $69,74 million in the three months to March this yea...

By Staff reporter | Published: 21 June 2015

FINANCIAL SERVICES

'Ailing banks should downgrade,' says RBZ boss

Struggling banks should consider merging or downgrading to micro-finance institutions which have less capital requirements and operating costs instead of posing a threat to the entire financial servic...

By Conrad Mwanawashe | Published: 24 July 2014

BUSINESS NEWS

Gloomy outlook for ailing firms

BULAWAYO ailing firms going on annual shutdown facing economic challenges are likely not to re-open next year, economic commentators said yesterday.Traditionally, companies go on annual shutdown a wee...

By Business Reporter | Published: 10 December 2013

INDUSTRIALS & ENERGY

Lobel's accused of failing to pay contractors

TRUCK owners contracted by Lobel's Bread to deliver bread in Bulawayo are alleging that the firm has gone for two months without paying them for their services. Some of the contractors who preferred n...

By Business Reporter | Published: 29 November 2013

MINING & RETAIL

BNC adopts new strategy after failing to raise funds

Bindura Nickel Corporation chairman Kalaa Mpinga told a BNC AGM this morning that management adopted a strategy for earlier extraction of massives totaling 6 290 tonnes nickel over a period of 18 mont...

By Staff reporter | Published: 19 September 2013
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