BUSINESS NEWS

Mnangagwa's cabinet approves new cyber bill

With Zimbabwe's Internet shutdown still partly in place, the Information minister says that the government has crafted a new law to curb abuse of the Internet .Zimbabweans were left without Internet&n...

By Staff reporter | Published: 19 January 2019

POLITICS

Mugabe wheelchair-hound, taxpayers to foot $4m bill

THE taxpayer continues to foot former president Robert Mugabe's medical bills, as it emerged President Emmerson Mnangagwa's government gave the deposed strongman US$4 million to cover his hospital exp...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Consumer Protection Bill gazetted

Government has gazetted the Consumer Protection Bill which seeks to protect consumers of goods and services against unnecessary price increases by businesses.The Bill, now cited as the Zimbabwe Consum...

By Staff reporter | Published: 02 January 2019

BUSINESS NEWS

Revenue collections surpass $5 billion

ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shore up dep...

By Staff reporter | Published: 31 December 2018

TRANSPORT & TOURISM

Zimbabwe tourism sector grosses $1 billion

Considerable dividends have begun to accrue to Zimbabwe as Government and the private sector continue to ratchet up efforts to promote Zimbabwe as a safe destination. The tourism sector has since gros...

By Staff reporter | Published: 30 December 2018

BUSINESS NEWS

Forex inflows hit $6 billion

Zimbabwe's foreign currency earnings for the year to date have hit the US$6 billion mark, from US$4,6 billion realised in the whole of last year as the country's exports and Diaspora remittances conti...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Zimra's US$7 billion forecast

The Zimbabwe Revenue Authority (ZIMRA) is projecting strong growth in revenue collection to at least US$7 billion within the next five years supported through their five year strategic plan  that...

By Staff reporter | Published: 20 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

AFRICA BUSINESS

South African billionaire defends white wealth

Johann Rupert, South Africa's second-richest man with a $6.3 billion fortune, spoke out to defend the stranglehold white people still have over the economy more than two decades after the end of apart...

By Bloomberg | Published: 06 December 2018

BUSINESS NEWS

Zimbabwe has billions it is not exploiting, says China

China says Zimbabwe is not adequately exploiting opportunities it is presenting because officials in Harare are not adequately familiarising themselves with Beijing's development documents.China's ac...

By Staff reporter | Published: 04 December 2018

TELECOMS & TECHNOLOGY

Zimbabwe telecoms sector on growth path, revenues exceed $1billion

Zimbabwe's telecoms sector generated revenue in excess of $1 billion and contributed 7,2 % to the country's gross domestic product (GDP) in 2017, the industry regulator has said.Postal and Telecommuni...

By Staff reporter | Published: 03 December 2018

BUSINESS NEWS

Zimra targets $4,3 billion revenue

THE Zimbabwe Revenue Authority (Zimra) is targeting to collect $4,3 billion in gross revenue by year-end, up 8% compared to what was achieved in 2017, an official has said.Last year, the actual gross ...

By Staff reporter | Published: 02 December 2018

BUSINESS NEWS

Zimbabwe Treasury Bills rollover triggers market panic

FINANCE minister Mthuli Ncube's engagement with market players to explore options for restructuring the Treasury Bills (TBs) to longer tenure - effectively rollovers of maturities - and surging inflat...

By Staff reporter | Published: 30 November 2018

BUSINESS NEWS

Zamco absorbs $1billion bad debts, disbanded

GOVERNMENT will stop further acquisitions on non-performing loans through its special purpose vehicle - the Zimbabwe Asset Management Company (ZAMCO). The entity, which was established in 2015 with a ...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

New Zimbabwe Bill to guarantee investments safety

THE Property Rights Bill is being finalised and would be tabled in Parliament before the end of the year as Government moves to guarantee safety of all investments in the country, Industry and Commerc...

By Staff reporter | Published: 21 November 2018

POLITICS

Chamisa hit with Zanu-PF's $3,2m court bill

MDC-Alliance president Mr Nelson Chamisa's stunt to challenge President Emmerson Mnangagwa's victory in the July 30 polls, even against the advise from some sections in the opposition party's grouping...

By Staff reporter | Published: 30 September 2018

BUSINESS NEWS

Buy products and pay your Zimbabwe bills from SA with new app

Zimbabweans living and working in South Africa have received a shot in the arm with the launch of free mobile transacting and basic insurance services, AMA.ZING Diaspora. The mobile solution developed...

By Staff reporter | Published: 12 September 2018

POLITICS

Chamisa's hefty legal bill

Zimbabwe's opposition MDC Alliance leader Nelson Chamisa may have to fork out more than R42 million to meet the costs of his election outcome challenge he launched and lost at the country's Constituti...

By Staff eporter | Published: 06 September 2018

FINANCIAL SERVICES

Zamco acquires $1,1billion NPLs

The Zimbabwe Asset Management Company (Zamco), a special purpose vehicle created by the Reserve Bank of Zimbabwe (RBZ) to rid the banking sector of non-performing loans (NPLs), has so far acquired $1,...

By Staff reporter | Published: 27 July 2018

POLITICS

Campaign billboards a waste, says Nkosana Moyo

Alliance for the People's Agenda (APA) presidential candidate Nkosana Moyo has lampooned his rivals, accusing them of wasting large sums of money on campaign billboards instead of using the resources ...

By Staff reporter | Published: 23 July 2018

POLITICS

Mugabe, Grace hit with $756,401 bill

Former president Robert Mugabe and his wife have been taken to the High Court by their former general manager, Stanley Nhari, who is demanding $756 401 after they allegedly forced him to work with no ...

By Staff reporter | Published: 22 July 2018

BUSINESS NEWS

ZPC in $20m legal services bill scandal

The Zimbabwe Power Company (ZPC) is engulfed in a $20 million legal-payment row amid revelations that the Zesa Holdings subsidiary might have flouted procurement regulations by awarding such a hefty c...

By Financial Gazette | Published: 20 July 2018

BUSINESS NEWS

Zimbabwe trade deficit reaches $1,3 billion

ZIMBABWE's trade deficit widened by 30 percent to $1,3 billion in the first six months of the year compared to the same period in 2017, official figures show.During the comparable period last year, th...

By Staff reporter | Published: 16 July 2018

BUSINESS NEWS

Council threatens legal action over bills

The Masvingo City Council has given residents with outstanding water bills dating up to five years, a seven-day ultimatum to pay or risk legal action. The move has been met with stiff resistance by re...

By Staff reporter | Published: 16 July 2018

TELECOMS & TECHNOLOGY

TelOne faces $23m bill from dismissed staffers

EIGHTY-two dismissed former employees of fixed telecoms operator, TelOne, are demanding compensation amounting to $23 million as dues accumulated from salaries arrears, unpaid benefits and retrenchmen...

By Staff reporter | Published: 12 July 2018
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