POLITICS

Chamisa's MDC won't compensate anyone

MDC Alliance said it will not compensate anyone for the damages incurred during the national stay-away.The party's vice president Morgen Komichi told the Daily News that his party was not behind the c...

By Staff reporter | Published: 19 January 2019

POLITICS

Zimbabwe deports SA journalists

Two South African journalists were yesterday deported by Zimbabwean authorities amid fears government could be going in overdrive to stifle access to information.In a statement, Media Alliance of Zimb...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Zimbabwe civil servants reject $78 salary increment

GOVERNMENT now faces a crippling civil service strike after its' revised offer of $78 for the lowest paid worker or 20% on a sliding scale was rejected by negotiators, who want nothing less than $1 70...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Local currency recipe for disaster

FINANCE minister Mthuli Ncube's recent pronouncements that Zimbabwe will revert to using its own currency, a decade after it abandoned the local dollar in favour of a basket of currencies is not feasi...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Delta's AB InBev places $120m unremitted dividends, fees into RBZ saving

The world's largest brewer Anheuser-Busch InBev (AB InBev) has agreed to place the over $120 million owed to it in unremitted dividends and fees by Delta Corporation into the Reserve Bank of Zimbabwe ...

By Staff reporter | Published: 11 January 2019

BUSINESS NEWS

Valueless bond notes, the source of Zimbabwe's problems, say analysts

GOVERNMENT'S promise to avail foreign currency to the country's largest beverages manufacturer, Delta Corporation, to avoid forex pricing is not sustainable, analysts have said.Delta last Wednesday an...

By Staff reporter | Published: 06 January 2019

BUSINESS NEWS

Junior doctors say no to 'new' deal

Striking junior doctors last night rejected a deal that was signed between government and Apex team leaders which could have seen an end to the month-long industrial action saying they did not agree t...

By Staff reporter | Published: 06 January 2019

BUSINESS NEWS

Zimbabweans among top property buyers in SA

In spite of a crippling foreign currency crisis ravaging the Zimbabwean economy, locals are finding the hard currency to buy real estate in South Africa.Interestingly, when it comes to splurging on pr...

By Fin24 | Published: 02 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

POLITICS

Chamisa want civil servants paid in hard currency

Government should make efforts to pay civil servants salaries in foreign currency, MDC president Nelson Chamisa has said.This comes as the on-going strike by doctors has entered its fourth week, after...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Massive power outage hits southern Zimbabwe

A MASSIVE power outage lasting more than 50 hours hit southern Zimbabwe at the weekend after poorly maintained pylons near Chiredzi succumbed to heavy storms, cutting electricity trunk lines in the so...

By Staff reporter | Published: 31 December 2018

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

POLITICS

'Sanctions won't stop re-engagement'

Zimbabwe will continue pursuing dialogue to normalise relations globally in line with President Mnangagwa's approach of "engagement and re-engagement", Government spokesperson Mr Nick Mangwana said ye...

By Staff reporter | Published: 31 December 2018

BUSINESS NEWS

Mthuli Ncube's 2% transaction tax starts bearing fruit

The two percent transaction tax initiated in October 2018 has started bearing positive results towards addressing the budget deficit.The budget deficit has been described by Finance and Economic Devel...

By Staff reporter | Published: 31 December 2018

OPINION

Chamisa desperate for Mnangagwa talks

MDC Alliance leader Nelson Chamisa has described 2018 as very difficult following the death of the opposition party's founding leader Morgan Tsvangirai and a controversial election in July.Chamisa (NC...

By Staff reporter | Published: 30 December 2018

INDUSTRIALS & ENERGY

Zimbabwe makes huge saving on energy

Zimbabwe's energy import bill has dropped to about $1,2 million monthly from at least $48 million as efforts to invest in local electricity generation to underpin the envisaged economic growth begin t...

By Staff reporter | Published: 30 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

POLITICS

Chamisa takes war to Mnangagwa

MDC Alliance leader Nelson Chamisa has vowed to step up pressure on President Emmerson Mnangagwa in the new year, saying it was time to set Zimbabwe on the path to reform.Chamisa told The Standard in ...

By Staff reporter | Published: 23 December 2018

TELECOMS & TECHNOLOGY

Shares in Liquid are like $135m cash, says Mboweni

Econet Wireless Zimbabwe (EZW) CEO Douglas Mboweni has described the company's equity stake in Liquid Telecom Holdings, which is just under 10% as "a US$135 million forex reserve".Speaking about the f...

By Staff reporter | Published: 23 December 2018

POLITICS

Plot to ban Chamisa flops

A bid by Zanu-PF hardliners to push for a constitutional amendment that would have raised the age limit for presidential candidates to 52 years fell flat at the Zanu-PF conference after the ruling par...

By Staff reporter | Published: 23 December 2018

INDUSTRIALS & ENERGY

Simbisa Brands discounts US$ customers

LISTED quick-service restaurant business, Simbisa Brands, has resolved to offer discounts on its prices to customers who pay in US dollars to enhance the entity's foreign currency earnings. In an oper...

By Staff reporter | Published: 21 December 2018

POLITICS

Chamisa rescues Mudzuri?

MDC leader Nelson Chamisa last weekend rescued his beleaguered deputy Elias Mudzuri whom party officials wanted booted out.The MDC convened meetings of its three top organs, the standing committee, th...

By Staff reporter | Published: 20 December 2018

OPINION

Who is fooling who on unity govt?

President Emmerson Mnangagwa, not once but twice, last week, ruled out forming a government of national unity (GNU) with opposition leader Nelson Chamisa.On the other hand, Chamisa continues to push f...

By Staff reporter | Published: 20 December 2018

BUSINESS NEWS

Bulawayo council approves sale of stands in forex

Bulawayo City Council (BCC) has approved the sale of housing stands in foreign currency, a move that is set to make them priced out of reach of many citizens, who have endured falling standards of lif...

By Staff reporter | Published: 20 December 2018
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