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Market Commentary 5 June 2018

The All Share index closed higher at 112.88 points after adding 0.77 points (0.67%). ECONET (ECO.zw) increased by $0.0486 to close at $1.0983 , INNSCOR (INN.zw)  traded firmer at $1.3500 after pu...

By zse | Published: 05 June 2018

FINANCIAL SERVICES

IMF team expected in Zimbabwe

An International Monetary Fund (IMF) team is expected in Zimbabwe during the second half of the year to assess economic performance and re-engage Zimbabwe on macro-economic turnaround policies.The Bre...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

NMB Bank opens sub-branches

The sub-branch that NMB Bank opened recently in Bindura is one of a number of sub-branches the bank intends to open in various cities and towns around the country to provide banking, advisory and supp...

By Agencies | Published: 05 June 2018

BUSINESS NEWS

Mnangagwa updated on Beitbridge upgrade progress

President Emmerson Mnangagwa has met representatives of Zimborders, a company which won the tender to upgrade the Beitbridge border post.The company representatives updated Cde Mnangagwa on the challe...

By Staff reporter | Published: 05 June 2018

SOCCER

Chamisa promises to bring World Cup to Zimbabwe

MDC Alliance leader, Mr Nelson Chamisa says Zimbabwe will host the Olympic Games and the World Cup finals if he is elected into office during next month's harmonised elections.Mr Chamisa told the MDC ...

By Staff reporter | Published: 05 June 2018

BUSINESS NEWS

Gweru sells Kudzanayi bus terminus

Gweru Town Clerk, Mrs Elizabeth Gwatipedza has confirmed that the local authority sold the Gweru's iconic Kudzanayi long-distance bus terminus to investors who are set to transform the area into a sta...

By Staff reporter | Published: 05 June 2018

INDUSTRIALS & ENERGY

Renault targets Zimbabwe with all new 'climber'

Renault, one of the fastest growing automotive brands, created history with its Renault KWID. This attractive, innovative and affordable car, is a true game-changer and volume driver for Renault.Stayi...

By Staff reporter | Published: 05 June 2018

POLITICS

Intra-party violence rocks Chamisa's MDC-T

INTRA-PARTY violence continues to rock the Nelson Chamisa-led MDC-T as the opposition party is failing to complete its primary elections in most constituencies amid allegations of rigging and impositi...

By Staff reporter | Published: 05 June 2018

POLITICS

Mnangagwa, Chiwenga clash

VICE-PRESIDENT Constantino Chiwenga has disclosed that he often clashes with President Emmerson Mnangagwa on the latter's unyielding stance against capital punishment.Chiwenga, who declared that he su...

By Staff reporter | Published: 05 June 2018

POLITICS

Print ballots on bond paper, Zanu tells Zec

LITTLE-KNOWN opposition Zanu leader Chawaona Wilbroad Kanoti has dragged the Zimbabwe Electoral Commission (Zec) to court seeking an order compelling the electoral management body to print ballot pape...

By Staff reporter | Published: 05 June 2018

OPINION

Insults, nastiness do not win votes

The election date has been proclaimed and campaigning has shifted gears upwards for all serious political parties.We are seeing all sorts of attention- seeking gimmickry being deployed. The presence o...

By Nick Mangwana | Published: 05 June 2018

POLITICS

Media under fire over Zanu-PF, MDC-T obsession

THE Media Monitoring Project of Zimbabwe (MMPZ) has challenged local media outlets to play their constitutional role of giving equal coverage to all political parties and players, so as to enable the ...

By Staff reporter | Published: 05 June 2018

BUSINESS NEWS

Lotto licence feud rages

THE impasse between a lottery and gaming company, Mashonaland Turf Club (MTC) and the President's Fund over a lotto licence, has taken a new twist with the latter approaching the High Court to challen...

By Staff reporter | Published: 05 June 2018

FINANCIAL SERVICES

Golix looks outside Zim to stay alive

ZIMBABWE'S cryptocurrency exchange, Golix, has turned to Kenya, South Africa and Uganda to continue trading its cryptocurrencies as it continues to battle for survival following a ban on its local ope...

By Staff reporter | Published: 05 June 2018

BUSINESS NEWS

Bad corporate governance affecting investment

FAILURE by local companies to adhere to good corporate governance practices has stifled efforts to attract capital for retooling among other things, a financial expert has said.Institute of Chartered ...

By Staff reporter | Published: 05 June 2018

POLITICS

'Chamisa ignores youth, women quotas'

THE Nelson Chamisa-led MDC-T has come under fire from its members for disregarding its women, youth and disabled quota system and allowing candidates representing the special interest groups to be cha...

By Staff reporter | Published: 05 June 2018

POLITICS

Parly urged to review tenure of perm secs

HOME affairs and Culture deputy minister Obedingwa Mguni has urged Parliament to review the term of office for permanent secretaries to avoid abuse of power."Permanent secretaries should have a fixed ...

By Staff reporter | Published: 05 June 2018

BUSINESS NEWS

Carl lands ambassadorial role for SA firm

THE country's most-sought-after master of jest, Carl Joshua Ncube's star continues to shine in his artistry after he was recently appointed as South Africa's established Kutenga Food Service's brand a...

By Staff reporter | Published: 05 June 2018

BUSINESS NEWS

Gweru loses 57% treated water

GWERU City Council is losing at least 57% of its treated water through burst pipes and leakages, with most of its equipment having outlived its lifespan, a service level benchmarking peer review repor...

By Staff reporter | Published: 05 June 2018

MINING & RETAIL

Diamonds boss admits Marange diamond looting

ZIMBABWE Consolidation Diamond Company (ZCDC)'s chief executive officer, Morris Mpofu, has claimed that some of his subordinates were working in cahoots with illegal diamond miners to steal the gems ...

By Staff reporter | Published: 05 June 2018

POLITICS

'Stop jostling for positions, target presidency'

MDC ALLIANCE spokesperson and MDC leader, Welshman Ncube has challenged coalition members to stop fighting for positions and focus on drumming up support for the coalition's presidential candidate, Ne...

By Staff reporter | Published: 05 June 2018

POLITICS

Khupe says 'Mnangagwa rushed to gazette the election date'

MDC-T leader Thokozani Khupe has expressed concerns over President Emmerson Mnangagwa's decision to proclaim July 30 as the election date, saying the date was too close and did not factor in oppositio...

By Staff reporter | Published: 05 June 2018

OPINION

Chamisa's overconfidence worrying

THE great sage of the mid-nineteenth century, Anon, who wrote thoughtful and inspiring pieces used today by the motivation industry, once said something that is as true for Zimbabwe today as it was in...

By Learnmore Zuze | Published: 05 June 2018

BUSINESS NEWS

Zimra to curb double taxation

THE Zimbabwe Revenue Authority (Zimra) says it is in the process of negotiating agreements with the country's trading patners to curb the issue of double taxation.Speaking at the official opening of t...

By Staff reporter | Published: 05 June 2018

POLITICS

MDC-T demo on, Zanu-PF backs down

POLICE yesterday gave the greenlight for the MDC-T's planned pro-electoral reform demonstration in Harare today, as Zanu-PF activists, who had threatened to counter the opposition party's protest marc...

By Staff reporter | Published: 05 June 2018

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