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MINING & RETAIL

ZimAlloys pushes for Balasore deal cancellation

Zimbabwe Alloys Ltd has appealed the High Court judgment stopping the local ferrochrome producer from terminating the $90 million take-over bid by an Indian firm, Balasore Alloys as the tussle over th...

By Staff reporter | Published: 17 May 2018

INDUSTRIALS & ENERGY

Dairibord revenue up 17% in Q1

Dairy and food processor, Dairibord Holdings' performance in the four months to April was above the same period last year with revenue growth at 17 percent ahead of prior year.In a trading update to s...

By Staff reporter | Published: 17 May 2018

POLITICS

'Explain Mnangagwa's achievements'

Mat North Minister of State Ambassador Cain Mathema speaks during a Zanu-PF Mat North PCC meeting in LupanePresident Emmerson Mnangagwa has within a short period turned around the economic fortunes of...

By Staff reporter | Published: 16 May 2018

BUSINESS NEWS

Export firms access loans worth $100m

Zimbabwe export-earning sectors have so far accessed loans worth at least US$100 million from a central bank facility aimed at reviving productive sectors of the economy.The uptake of a Reserve Bank o...

By Staff reporter | Published: 16 May 2018

ZSE TODAY

Market Commentary 16 May 2018

Turnover was solid at $3.3 million with good contributions coming from Delta, Innscor and Old Mutual. The market continues to be dominated by huge trades in the blue chips.The All Share index extended...

By zse | Published: 16 May 2018

POLITICS

US piles pressure on Mnangagwa

THE Trump administration is waiting for the fulfilment of reform promises made by President Emmerson Mnangagwa before it can put a seal of approval on his government, said United States of America cha...

By Staff reporter | Published: 16 May 2018

POLITICS

Biti's aides pull out of the MDC Alliance

The People's Democratic Party (PDP) in Mashonaland East has pulled out of the MDC Alliance and resolved to field its own candidates in the coming elections.According to NewZimbabwe.com, the provincial...

By Staff reporter | Published: 16 May 2018

POLITICS

Bushiri 'spaghetti roads' prophecy excites MDC-T

MALAWI's controversial prophet, Shepherd Bushiri, has thrown the MDC-T in a delirium after he recently prophesied the "rebirth of Zimbabwe with new upmarket cities and modern infrastructure", which th...

By Staff reporter | Published: 16 May 2018

MINING & RETAIL

Tharisa acquires a 90% of Salene Chrome Zim

Tharisa has acquired a 90% shareholding in Salene Chrome Zimbabwe (Pvt) Limited ('Salene') at the par value thereof from the Leto Settlement Trust ('Leto'), a related party being the beneficial shareh...

By SENS | Published: 16 May 2018

BUSINESS NEWS

Vandals cause blackout at ZRP HQ

There was a massive communication blackout at the Police General Headquarters and the Ministry of Agriculture offices yesterday after suspected cable thieves vandalised TelOne voice and broadband cabl...

By Staff reporter | Published: 16 May 2018

BUSINESS NEWS

'Zimbabwe must incentivize local content policy'

Incentives should be rolled out for financial institutions to lend to local investors to drive Zimbabwe's local content policy, a new report has revealed. Zimbabwe is working on a local content policy...

By Staff reporter | Published: 16 May 2018

BUSINESS NEWS

Fuel crisis surfaces

Several service stations in the capital and elsewhere have run out of fuel, amid conflicting explanations from the authorities and industry players as to the source of the shortages. A survey yesterda...

By Staff reporter | Published: 16 May 2018

EDUCATION

Teachers to protest on Friday

Teachers will be taking to the streets on Friday to protest against government's offer of increasing their salaries by 15 percent, saying the effort fell too short of their expectations. They are dema...

By Staff reporter | Published: 16 May 2018

POLITICS

Constituents back Majome

HARARE West constituents have vowed to back Jessie Majome after she withdrew from the MDC-T primary elections insisting that she was now throwing her hat into the ring as an independent candidate.Majo...

By Staff reporter | Published: 16 May 2018

POLITICS

Biti unveils Parly candidates

THE Tendai Biti-led People's Democratic Party (PDP) has unveiled nine of its aspiring parliamentary candidates who automatically qualified to represent the opposition party in the upcoming general ele...

By Staff reporter | Published: 16 May 2018

POLITICS

Zec brush aside pressure from opposition parties

THE Zimbabwe Electoral Commission (Zec) has brushed aside pressure by opposition parties for public disclosure on suppliers of ballot papers for this year's general elections, saying there was no law ...

By Staff reporter | Published: 16 May 2018

TELECOMS & TECHNOLOGY

Golix traded $20 million, has 50 000 clients

ZIMBABWE'S cryptocurrency exchange, Golix, says it has traded more than $20 million to date and is looking forward to opening exchanges in more African countries as well as expanding the portfolio of ...

By Staff reporter | Published: 16 May 2018

POLITICS

Zanu PF reruns trigger more drama

THE second round of the Zanu PF primary elections is heading for another drama after losing aspiring candidates and party supporters dismissed it as a "farce", raising many irregularities and launchin...

By Staff reporter | Published: 16 May 2018

FINANCIAL SERVICES

$28m in benefits lie unclaimed, says IPEC

THE Insurance and Pension Commission of Zimbabwe (Ipec) says pension funds have more than $28 million worth of unclaimed benefits, a symptom of lack of knowledge, which is one of the problems burdenin...

By Staff reporter | Published: 16 May 2018

POLITICS

Police boss vows to weed out corrupt officers

POLICE Commissioner-General Godwin Matanga has vowed to weed out all corrupt police officers in a move meant to bring sanity into the force.Addressing top police officers during his visit to Mashonala...

By Staff reporter | Published: 16 May 2018

POLITICS

Mnangagwa named in Zesa scam

A STATE witness yesterday dropped President Emmerson Mnangagwa's name in former Energy minister Samuel Undenge's criminal abuse of office trial, claiming that his office had allegedly given a directiv...

By Staff reporter | Published: 16 May 2018

BUSINESS NEWS

April inflation up by 0.03%

The inflation rate increased slightly by 0,03 percentage points to 2,71% in April, the Zimbabwe National Statistic Agency (Zimstat) has said, although sceptics think inflation could be higher, as the ...

By Staff reporter | Published: 16 May 2018

OPINION

Chamisa can end military rule in Zimbabwe

I AM back from the United Kingdom, having accompanied MDC Alliance presidential candidate, Nelson Chamisa and Tendai Biti.In the course of four days, we met the British Foreign secretary Boris Johnson...

By David Coltart | Published: 16 May 2018

POLITICS

Mugabe's ex-health minister sued over rent arrears

FORMER Health deputy minister Edwin Muguti has been taken to court by his former landlady, Joyce Mako-Mushaninga, over rental arrears amounting to more than $13 600 and failing to properly look after ...

By Staff reporter | Published: 16 May 2018

BUSINESS NEWS

'Unbridled spending could spell economic disaster'

A WIDENING budget deficit, unbridled spending and uncertainties because of this year's elections have economic analysts worried that the economy could hit further turbulence.A date for elections is ye...

By Staff reporter | Published: 16 May 2018

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