BUSINESS NEWS

Political upheaval hammers Zimbabwe economy

Zimbabwe's recurrent political turmoil-which took a turn for the worse after last year's disputed presidential election - is hurting the economy badly by amplifying negative perceptions about the coun...

By Fin Gaz | Published: 07 February 2019

BUSINESS NEWS

Mnangagwa's govt rapped for dilly-dallying over Motlanthe recommendations

LEGAL think-tank Veritas has rapped government's lethargy in implementing recommendations of the Commission of Inquiry into the August 1, 2018 post-election violence in which military personnel shot a...

By Staff reporter | Published: 05 February 2019

LANDS & AGRICULTURE

Pork industry records 20% growth

THE number of slaughtered pigs increased by nearly 20% in 2018 compared to the previous year, but the sector remained heavily constrained by high costs of feed and veterinary medicines, an official ha...

By Staff reporter | Published: 04 February 2019

POLITICS

Police recover looted goods, culprits in court

POLICE in Bulawayo recovered property and groceries worth thousands of dollars in Entumbane suburb that were looted by violent demonstrators. The recovered goods include stoves, refrigerators, freezer...

By Staff reporter | Published: 19 January 2019

FINANCIAL SERVICES

Economic turmoil threatens ZB topline

ZB Holdings sees its topline earnings growing 20% in the current financial year but warned this could be affected by the current economic turmoil that has seen cost structures shoot through the roof, ...

By Staff reporter | Published: 19 January 2019

OPINION

Command economics no longer hold sway

When President Emmerson Mnangagwa announced his Cabinet in September last year - following his hotly-disputed July 30 poll victory - there was generally wide approval from Zimbabweans.The reasons for ...

By Staff reporter | Published: 08 January 2019

BUSINESS NEWS

Job losses spike as economy deteriorates

POOR government policies have led to the escalation of the country's economic crisis with an estimated 13 000 people in the western region losing their jobs in the past 12 months, a labour official ha...

By Staff reporter | Published: 06 January 2019

MINING & RETAIL

Zimbabwe's 2018 gold deliveries break record

Zimbabwe's gold deliveries to Fidelity Printers and Refiners reached 33.2 tonnes in 2018 worth over $1 billion in export receipts, the highest ever since 1980 as the country starts rebuilding reserves...

By Staff reporter | Published: 04 January 2019

BUSINESS NEWS

Mnangagwa says 'Mining, tourism to anchor recovery in 2019'

President Emmerson Mnangagwa yesterday promised that 2019 would be a much better year for Zimbabweans, pinning economic revival on the growth of tourism and new mining projects."I am confident that th...

By Staff reporter | Published: 01 January 2019

BUSINESS NEWS

'Declare Kariba an economic zone to boost tourism'

MASHONALAND West Senator Sikelela Gumpo (Zanu PF) has called on government to declare Kariba a special economic zone, saying the town has the potential to earn foreign currency, as well as open up emp...

By Staff reporter | Published: 01 January 2019

POLITICS

Chiwenga says, 'Zimbabwe on road to recovery'

ACTING President Constantino Chiwenga yesterday said he was confident that Zimbabwe's economy was on the mend, as government was working flat out to turn around the country's fortunes.He was speaking ...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Electronic transactions usage in remote areas surges

THE use of mobile and Internet-based transactions in remote areas has been on an upward trajectory with the generality of the country's populace embracing modern modes of payment.A snap survey in most...

By Staff reporter | Published: 30 December 2018

OPINION

Re-dollarisation of economy: Wrong turn for Zimbabwe

There is an effervescence in the economy - an imperceptible but definite shift towards re- dollarisation of the economy.Initially a trickle, this will soon turn into a mighty tide in one direction –...

By Joseph Mverecha | Published: 30 December 2018

TELECOMS & TECHNOLOGY

Telecoms sector posts 9,2% profit

Zimbabwe's postal and telecommunications sector registered a 9,2 percent revenue growth in the third quarter to September, 2018 on the back on increased usage of data and internet. In its Postal Telec...

By Staff reporter | Published: 21 December 2018

POLITICS

ZCTU decries 2018 bad human rights record

THE Zimbabwe Congress of Trade Unions (ZCTU) has berated President Emmerson Mnangagwa’s administration over the surge in human rights violations experienced in the country this year, singling out th...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Great Zimbabwe records boom in tourists

TOURISM in Masvingo province is on a rebound with the Great Zimbabwe monuments alone recording 60 000 tourist arrivals since the beginning of 2018. National Museums and Monuments of Zimbabwe (NMMZ) pr...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Firm seeks to recover land from defunct AfrAsia Bank

A LOCAL firm, Drummond Zimbabwe Holdings (Pvt) Ltd, has petitioned the High Court seeking an order to be allowed to file litigation against AfrAsia Bank Limited, a subsidiary of Mauritius-based AfrAsi...

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

POLITICS

Mnangagwa feels heat over economy

With Zimbabwe's economy continuing to tank - and long-suffering citizens now desperate for some respite - President Emmerson Mnangagwa yesterday told thousands of Zanu-PF delegates gathered in Esigodi...

By Staff reporter | Published: 16 December 2018

BUSINESS NEWS

'SMEs key in uplifting Zimbabwe economy'

The impact of small to medium enterprises (SMEs) on the country's economy cannot be ignored. They contribute largely, not just to the fiscus, but continue to fill the gap in providing services and pro...

By Staff reporter | Published: 16 December 2018

OPINION

Is Zimbabwe ebuilding or establishing a new economy?

THE struggle to figure a way forward continues. The fire-fighting approach is the order of the day. Despite the various economic policy directions by the government, there is lack of clarity on where ...

By Tapiwa Gomo | Published: 10 December 2018

TELECOMS & TECHNOLOGY

'Zimbabwe telecoms investment costs drop 35%'

ZIMBABWE's infrastructure sharing model has yielded up to 35 percent drop in the cost of investment in the information and telecommunications sector, which will largely benefit ordinary consumers and ...

By Staff reporter | Published: 10 December 2018

BUSINESS NEWS

Economy rebasing to grow Zimbabwe revenue

The rebasing of the Zimbabwean economy has highlighted additional opportunities to grow revenue and also pointed to high levels of tax evasion, Finance and Economic Development Minister Mthuli Ncube h...

By Staff reporter | Published: 10 December 2018

OPINION

MDC - Zanu-PF talks would cost Mnangagwa the economy

The unwelcome subject of another unity government keeps being foisted on Zimbabweans by the distractive opposition MDC-Alliance of Nelson Chamisa.  It makes no difference that they want to disgui...

By Staff reporter | Published: 10 December 2018

OPINION

Digital tax headache for small economies

Taxation of digital services like Facebook, e-Commerce, cloud services, video streaming, Twitter and Google advertising is a complex global problem.Countries like Zimbabwe, which are beneficiaries but...

By Dr Dennis Magaya | Published: 09 December 2018
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