POLITICS

No pay for some striking doctors

GOVERNMENT has reportedly docked the salaries of some striking doctors who downed tools 47 days ago and refused to go back to work even after the Labour Court declared their job action unlawful. Zimba...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Companies, parastatals default paying tax: Zimra boss

Zimbabwe Revenue Authority (Zimra) Commissioner-General Faith Mazani on Tuesday told Parliament that companies and parastatals were not paying taxes resulting in a huge tax debt.Mazani appeared before...

By Staff reporter | Published: 10 October 2019

INDUSTRIALS & ENERGY

Cottco completes ZAMCO loan repayment

The Cotton Company of Zimbabwe (Cottco) has completed repayment of a $54 million loan granted by ZAMCO in 2014, marking a milestone in the revival of the company, backed by government support granted ...

By Staff reporter | Published: 06 October 2019

TELECOMS & TECHNOLOGY

NetOne's back-to-basics strategy pays off

NETONE CEO Lazarus Muchenje believes the state-owned mobile phone operator is on the road to recovery because of a back-to-basics strategy.Muchenje (LM) told Alpha Media Holdings chairman Trevor Ncube...

By Staff reporter | Published: 06 October 2019

BUSINESS NEWS

Pensions pay out date moved

PENSIONERS from the Public Service Commission will not be able to access their pay this Friday due to a resolution to have their pensions reviewed in line with the cost of living.In a statement yester...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Zimbabwe banks ditch Paynet, test own system

Relations between banks and bulk electronic payments service provider, Paynet Zimbabwe, may have irretrievably broken amid revelations that the banks are on the verge of testing an alternative system....

By Staff reporter | Published: 12 July 2019

POLITICS

MDC activist loses bid to bar payment of salaries for MPs

MDC activist, Justice Dzingirayi, together with his lawyers, John Mugogo Attorneys have been slapped with costs on a high scale after their application seeking to bar Finance minister and Clerk of Par...

By Staff reporter | Published: 11 July 2019

POLITICS

Government fails to pay for school

A LOCAL contractor is struggling to secure payment from the Home Affairs ministry after constructing a classroom block and staff quarters at a school in Chihota two years ago.Unimax Hardware of Marond...

By Staff reporter | Published: 10 July 2019

BUSINESS NEWS

Zimbabwe civil servants reject $21 million pay rise - union

Zimbabwe's government on Tuesday offered its workers 180 million Zimbabwe dollars ($21 million) in additional pay for the July-December period, which unions rejected as inadequate in the face of soari...

By Reuters | Published: 10 July 2019

BUSINESS NEWS

Paynet suing Zimbabwe banks for US$100m

Payserv Africa Limited and Paynet Zimbabwe Private Limited have commenced legal action against the Bankers Association of Zimbabwe (BAZ) for anti-competitive practices.The company is seeking damages o...

By Staff reporter | Published: 05 July 2019

FINANCIAL SERVICES

Zimbabwe banks paying more than the black market rates

THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once thriving...

By newzimbabwe | Published: 02 July 2019

BUSINESS NEWS

Chasi posts R139 million proof of payment to Eskom on Twitter

Zimbabwe's energy minister Fortune Chasi was on Tuesday forced to put the proof of the country's US$10m (R139m) payment to Eskom on his twitter account, after earlier claims of having paid was refuted...

By Staff reporter | Published: 02 July 2019

INDUSTRIALS & ENERGY

Zimbabwe confirms Eskom payment

Government yesterday confirmed paying US$10 million to South African power utility, Eskom, to service the debt to the power utility - and the money was set to be in the receiver's bank by end of day y...

By Staff reporter | Published: 02 July 2019

FINANCIAL SERVICES

Paynet escalates row with Zimbabwe banks

PAYNET Zimbabwe (Paynet), a salary payment software vendor, has offered companies a free service to wire salaries to their employees using EcoCash until August 1 2019, escalating a simmering row with ...

By Staff reporter | Published: 20 June 2019

BUSINESS NEWS

Pension payouts delayed as foreign company cuts off Zimbabwe banks

PENSIONERS might have to wait a bit longer before they receive their monthly pay outs, which were due yesterday, the National Social Security Authority (NSSA), said yesterday. It said the delay was ca...

By Staff reporter | Published: 14 June 2019

FINANCIAL SERVICES

Paynet switches off Zimbabwe banks

PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency...

By Staff reporter | Published: 14 June 2019

BUSINESS NEWS

Harare offers workers 5% pay cushion

Harare City Council has opened talks with its workers for a cost of living adjustment following a recent spate of price hikes that have eroded workers' incomes.Minutes of the council's joint finance a...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Currency issues hit Pick n Pay performance

PICK N PAY's Zimbabwean subsidiary TM Supermarkets took a 6,3 percent drop in profits in the 52-week period to end of March as it adjusted to currency and exchange reforms. The South African headquart...

By Staff reporter | Published: 01 May 2019

BUSINESS NEWS

Zimbabwe govt only repays 2% of $9,5m domestic debt

GOVERNMENT has, in the first two months of the year, only managed to pay $195 million, or 2%, towards the country's domestic debt which is currently hovering around $9,5 billion, Finance and Economic ...

By Staff reporter | Published: 30 April 2019

BUSINESS NEWS

Business should pay back loans - Modi

Industry and Commerce deputy minister Raj Modi says business should uphold ethical standards and repay borrowed funds.Modi was speaking to captains of industry during the CZI/ZITF Buyers-Sellers Forum...

By Staff reporter | Published: 26 April 2019

FINANCIAL SERVICES

Steward Bank partners Chinese card firm UPI for financial card services

STEWARD Bank has partnered Chinese financial services firm, UnionPay International (UPI), to provide payment services for Zimbabweans travelling between the southern African country and Beijing."Basic...

By Staff reporter | Published: 25 April 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

POLITICS

Man tries to pay duty with fake US$ notes

A 25-YEAR-OLD man from Bulawayo has been arrested at Beitbridge Border Post for attempting to pay duty using fake United States dollar notes. Givemore Tshuma of Nketa suburb, who was supposed to pay a...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Civil servants plead poverty

TEACHERS yesterday said they were too poor to go back to work as schools open countrywide today, piling pressure on President Emmerson Mnangagwa to solve the worsening economic crisis.This came as tal...

By Staff reporter | Published: 08 January 2019

POLITICS

Mutsvangwa pays tribute to Mnangagwa

Information, Publicity and Broadcasting Services Minister Monica Mutsvangwa has thanked President Mnangagwa for initiating development projects in Marange. Minister, who is also a Senator for the area...

By Staff reporter | Published: 21 December 2018
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