BUSINESS NEWS

Fuel levy hike sparks fresh inflationary fears in Zimbabwe

Zimbabwe could be heading for a fresh inflationary wave after Treasury approved a significant increase in fuel levies, a move expected to push up pump prices and raise costs across the economy.The ad...

By Staff reporter | Published: 18 hours ago

BUSINESS NEWS

Zimbabwe records Africa's sharpest fuel price hikes

Zimbabwe imposed the steepest fuel price increases in Africa during the latest Middle East oil shock, according to a joint report by four major international institutions examining the economic fallo...

By Staff reporter | Published: 16 May 2026

BUSINESS NEWS

Mthuli Ncube signals flexibility on gold royalty hike

Finance Minister Mthuli Ncube has suggested he may revise proposed increases to gold royalties after strong pushback from miners who warn that doubling the tax could destabilise the sector, reduce inv...

By Staff reporter | Published: 10 December 2025

BUSINESS NEWS

Zimbabwe to hike royalties on gold producers

Zimbabwe will hike royalties on gold producers as it moves to take advantage of recent record high bullion prices, a 2026 national budget speech showed on Thursday.As part of a raft of revenue measure...

By Staff reporter | Published: 02 December 2025

BUSINESS NEWS

Mthuli Ncube announces massive tax hike for betting industry

Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube, has unveiled major tax reforms in the 2026 National Budget, targeting the rapidly expanding betting and gambli...

By Staff reporter | Published: 02 December 2025

BUSINESS NEWS

Bread price hike looms

Consumers should brace for an increase in bread prices starting November 1, 2025, following the gazetting of Statutory Instrument (SI) 87 of 2025 by Industry and Commerce Minister Mangaliso Ndhlovu la...

By Staff reporter | Published: 26 October 2025

BUSINESS NEWS

No rates hike for Bulawayo in 2026

The Bulawayo City Council (BCC) has proposed a standstill budget of US$224,7 million for the 2026 financial year, assuring residents there will be no increase in rates and rentals.Presenting the propo...

By Staff reporter | Published: 29 September 2025

EDUCATION

No pay hike for Zimbabwe teachers

Zimbabwean teachers are bracing for yet another term of financial hardship, after government this week indicated there will be no salary increases in the immediate future. The third term begins on Tu...

By Staff reporter | Published: 08 September 2025

BUSINESS NEWS

SA steel tariff hikes threaten jobs

Proposed increases to 460 steel tariff codes are set to affect more than 16 000 traders and R51,5 billion (US$2,9 billion) worth of imports, sparking fears of job losses in South Africa's downstream s...

By Staff reporter | Published: 29 August 2025

POLITICS

Zim soldiers to get salary hike, improved welfare

President Emmerson Mnangagwa says his administration is prioritising the welfare of the Zimbabwe Defence Forces (ZDF), with measures underway to address salary structures, housing, healthcare, and tra...

By Staff reporter | Published: 13 August 2025

TELECOMS & TECHNOLOGY

Zimbabwe telecom companies hike tariffs

Zimbabwe's major telecommunications companies have announced long-anticipated increases in the prices of voice, data, and SMS bundles following regulatory approval by the Postal and Telecommunications...

By Staff reporter | Published: 21 May 2025

BUSINESS NEWS

DStv Zimbabwe hikes price

DStv subscribers in Zimbabwe will see slight increases in their subscription fees beginning June 1, 2025, following an official price adjustment announced by MultiChoice Zimbabwe.In a notice released ...

By Staff reporter | Published: 21 May 2025

TELECOMS & TECHNOLOGY

Econet to hike bundle prices on Wednesday

Leading telecommunications provider Econet Wireless Zimbabwe has announced a scheduled revision of its Voice, Data and SMS bundle prices, set to take effect on Wednesday, 21 May 2025.In a public notic...

By Staff reporter | Published: 20 May 2025

BUSINESS NEWS

Mthuli Ncube hikes fuel levy

The Government of Zimbabwe has increased the Strategic Fuel Reserve Levy on petrol and diesel as part of a broader effort to safeguard national fuel supplies and price stability amid rising global mar...

By Staff reporter | Published: 14 May 2025

TELECOMS & TECHNOLOGY

Sony hikes price of its PlayStation 5 console in Europe

Sony says it has increased the price of its PlayStation 5 console in markets in Europe, Britain, Australia and New Zealand.The Japanese technology and entertainment conglomerate says a "challenging ec...

By Staff reporter | Published: 14 April 2025

TELECOMS & TECHNOLOGY

Econet hikes data tarrifs by 23%

Econet Wireless on Wednesday raised its data prices by 23 percent, as the Zimbabwe dollar continues its slide.According to ZimTechreview, the company said its voice tariffs remained unchanged.Econet, ...

By Staff reporter | Published: 11 March 2020

BUSINESS NEWS

Business decries fuel price hikes

THE Zimbabwe National Chamber of Commerce (ZNCC) has expressed concern over continuous fuel price increases saying the trend was negatively impacting on production due to rising cost of goods and serv...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Zimpapers hike prices of all its publications

Zimbabwe Newspapers Limited (Zimpapers) has announced new cover prices for all its publications with effect from Thursday 3 October 2019. Below is the statement from Zimpapers:Zimpapers would like to...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Consumer Council of Zimbabwe flags shocking price hikes

The Consumer Council of Zimbabwe has raised concerns over incessant basic commodity price hikes which have seen the low income monthly food basket, for a family of six shoot to over $1 500 from $971 b...

By Staff reporter | Published: 06 October 2019

BUSINESS NEWS

Zesa announces shock tariffs hike

HARD-PRESSED Zimbabweans will have to pay more for their power after Zesa Holdings hiked tariffs by a staggering 583 percent in a move set to trigger further rises in prices of goods and services in t...

By Staff reporter | Published: 05 October 2019

INDUSTRIALS & ENERGY

Another Zesa tariff hike looms

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has applied to the Zimbabwe Energy Regulatory Authority (Zera) seeking another adjustment of electricity tariffs, saying the curr...

By Staff reporter | Published: 04 October 2019

OPINION

Mthuli Ncube, spare us those hikes

While ordinary Zimbabweans are bearing the brunt of the high cost of living following the recent fuel price hikes, the situation could get tougher if indications by Finance minister Mthuli Ncube are a...

By Editorial - Newsday | Published: 12 July 2019

BUSINESS NEWS

Zimbabweans face another fuel price hike

FINANCE minister Mthuli Ncube says government is set to increase the prices of electricity and fuel because the current pricing structure was no longer sustainable.Zimbabwe is currently battling a sev...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Mthuli Ncube could hike rates over 50% to deal with speculators

Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, the govern...

By Reuters | Published: 10 July 2019

BUSINESS NEWS

Electricity tariffs hike looms

Government says it will soon review electricity tariffs to reflect costs because current charges are no longer sustainable.Zimbabwe is currently facing its worst power shortages in years after low wat...

By Staff reporter | Published: 05 July 2019
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