BUSINESS NEWS

Fashion shops offer to dress Job Sikhala

SEVERAL clothing outlets are reportedly scrambling to dress Zengeza West legislator Job Sikhala following the circulation of pictures of him in a seemingly tiny waistcoat. Wiwa, as the Zengeza West MP...

By Staff reporter | Published: 05 October 2019

OPINION

Grace Mugabe needs protection from vultures

ZANU-PF should learn to move with the times and stop persecuting the late former president Robert Mugabe's family.Mugabe - who ruled Zimbabwe from 1980 until November 2017 when he was removed through ...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

No Treasury bailout for small Zimbabwe city

Finance Minister, Mthuli Ncube, this week revealed that there would be no rescue package for the City of Kwekwe to avert a water crisis in the short term due to serious complexities.But the failure to...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Economic woes bite Zimbabwe's real estate

Zimbabwe's real estate firms are battling for survival as they continue to be weighed down by soaring inflation and rising voids, industry players have indicated.They say persistently high inflation, ...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Zimdollar, rand parity reignites debate

The Zimbabwe dollar and South Africa's Rand (ZAR) have held par for almost two weeks now, reigniting debate on whether monetary authorities should re-consider adopting the rand as a functional currenc...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Mnangagwa goes after currency manipulators

Zimbabwe's currency has taken relentless buffeting from surreptitious activities of only a few cash barons who are carelessly manipulating exchange rates on the foreign currency market with impunity, ...

By Staff reporter | Published: 05 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

POLITICS

Tagwirei in trouble

Fuel Industry tycoon, Kuda Tagwirei is under pressure from parliament, to account for nearly $2bn in taxpayers funds that were used under the Command Agriculture Programme amid concerns of a veil of s...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

High Court sets EcoCash hearing date

The High Court on Wednesday set Friday as the date when it will hear the case in which the Reserve Bank of Zimbabwe (RBZ) ban on mobile money cash-in and cash-out services is being challenged.Cassava ...

By New Ziana | Published: 04 October 2019

BUSINESS NEWS

Mnangagwa to open ZMF conference

President Emmerson Mnangagwa is expected to deliver a keynote address at the Zimbabwe Miners Federation (ZMF) annual general meeting scheduled for November 5 to 6 at the Gweru Convention Centre in G...

By New Ziana | Published: 04 October 2019

BUSINESS NEWS

ZimParks needs US$30 million for operations

THE Zimbabwe Parks and Wildlife Management Authority (ZimParks) needs about US$30 million annually to effectively run its operations, but the budget might be affected if the United States government's...

By Staff reporter | Published: 04 October 2019

BUSINESS NEWS

Old Mutual Amazing Voices search comes to Bulawayo

A brand new talent search series, Old Mutual Amazing Voices, will be introduced on DStv in January with participants drawn from four countries including Zimbabwe set to compete for a US$100 000 prize ...

By Staff reporter | Published: 04 October 2019

OPINION

New Zesa board will have its work cut out

The tough talk by Energy and Power Development Minister Fortune Chasi to appoint a new Zimbabwe Electricity Supply Authority (ZESA) board is a noble idea because the country has been battling acute el...

By Beaven Dhliwayo | Published: 04 October 2019

BUSINESS NEWS

Prepaid electricity vending system up today

THE Zimbabwe Electricity Distribution Company (ZETDC)'s customers will from today be able to buy electricity tokens. This follows a short interruption of the system by the power utility for scheduled ...

By Staff reporter | Published: 04 October 2019

OPINION

Zimbabwe now a truly cashless society

THE monetary system the world over, including in Zimbabwe, over has undergone a sea of change in the past century. From barter trade, a world without money, there have been many other means of exchang...

By Staff reporter | Published: 04 October 2019

BUSINESS NEWS

RBZ develpps cold feet, brings back cash-in, cash-out

The Reserve Bank of Zimbabwe (RBZ) has today brought back the on cash-in, cash-out and cash-back facilities attached with stringent rules.In a statement,  the RBZ advised payment system providers...

By Staff reporter | Published: 02 October 2019

BUSINESS NEWS

PSC extends biometric exercise

THE Public Service Commission (PSC) has extended the biometric authentication project and mop-up exercise to October 31, 2019 as Government presses ahead with reforms to restore order in the civil ser...

By Staff reporter | Published: 01 October 2019

POLITICS

Mnangagwa halts Mugabe mausoleum construction

GOVERNMENT has stopped construction of what was supposed to be late former President Robert Mugabe's mausoleum at the National Heroes Acre two days after he was buried at his rural Zvimba home, NewZim...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

RBZ clamps down on illegal cash deals

THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to extort cash from members of the public. Further, the ...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

Zimbabwe's poverty datum line increases by 13%

Zimbabwe's poverty datum line has increased by a further 13 percent for the month of August to more than 1 800 dollars resulting in continued deteriorating purchasing power for the majority.The povert...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

POSB edges closer to privatisation

THE People's Own Savings Bank (POSB)'s chairperson Mathilda Dzumbunu says the bank's partial privatisation has moved an inch closer amid revelations that a transaction advisory services consultant was...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

Zimbabwe Reserve Bank bans mobile money agencies

In what analysts have described as a major blow to the advent of mobile money and financial inclusion, the Zimbabwean central bank has banned mobile money agencies from facilitating cash withdrawals o...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Innscor's revenue breaches $1bn mark

Diversified Industrial conglomerate, Innscor Africa Limited defied the challenging economic environment and reported a surge in profitability for the year to June 30, 2019, on good product mix and vol...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

RBZ works on Fintech strategy

The Reserve Bank of Zimbabwe in partnership with other stakeholders is working on a National Fintech Strategy and has already put in place an Interagency Fintech Working Group that is expected to play...

By Staff reporter | Published: 30 September 2019

POLITICS

'Change is coming,' says Chamisa

Nelson Chamisa hailed the MDC as "the bravest, strongest and most consistent" party as the opposition movement marked its 20-year anniversary at Rufaro Stadium on Saturday.Chamisa said the MDC bore sc...

By Staff reporter | Published: 30 September 2019
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