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POLITICS

Mujuru admits working with G40

National People's Party leader Dr Joice Mujuru has confirmed that she is working with the G40 cabal with the assistance of former president Mr Robert Mugabe. She made the revelation while addressing a...

By Staff reporter | Published: 04 April 2018

POLITICS

Minister in car crash

THE Minister of State for Midlands Provincial Affairs, Owen Ncube, escaped unhurt when his BMW vehicle was involved in an accident between Gokwe and Kwekwe on Monday afternoon.Minister Ncube was drivi...

By Staff reporter | Published: 04 April 2018

POLITICS

'Mugabes must be responsible for own security'

HOME Affairs minister Obert Mpofu has said it is the responsibility of the former First Family to provide security for its private assets, but said the government is ready to step in if called upon.Gr...

By Staff reporter | Published: 04 April 2018

POLITICS

MDC-T decides on candidates

The MDC-T national elections directorate met yesterday to deliberate on the selection of party candidates in preparation for this year's elections.The meeting came as senior party officials are report...

By Staff reporter | Published: 04 April 2018

FINANCIAL SERVICES

Non-funded income steers banks to profitability

IN 2016, World Economic Forum Geneva founder and executive chairman, Klaus Schwab, said the world is undergoing the "Fourth Revolution", a technological change poised to fundamentally alter the way we...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Overhaul of civil service proposed

DEPUTY Finance minister Terence Mukupe has proposed an overhaul of the civil service to get rid of deadwood and enable the country to realise its full potential through efficient service delivery.In a...

By Staff reporter | Published: 04 April 2018

INDUSTRIALS & ENERGY

Sales decline contributes to Lafarge loss

LAFARGE Cement Zimbabwe Limited posted a loss of $609 589 for the year ended December 31, 2017, on the back of an increase of costs and expenses.In a statement accompanying the financial results relea...

By Staff reporter | Published: 04 April 2018

POLITICS

Mugabe farm miners threaten to sue Grace

THE three artisanal gold miners at Smithfield Farm in Mazowe, which is at the centre of an ownership wrangle betwen themselves and the former First Lady Grace Mugabe , have threatened to sue her for l...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Zimbabwe intensifies business reforms

Directors, who engage in fraudulent, reckless or grossly negligent conduct of business will be held accountable, while the concealment of beneficial ownership of shares through the use of nominees wil...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Zim's lack of budget transparency discourages investors

ZIMBABWE has been ranked 23 out of 100 countries (Open Budget Survey 2017) in budget transparency, an unimpressive ranking, which has an effect of pushing away investors and external funding.A recent ...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Mudenda urges Parly to hold executive to accountability

SPEAKER of Parliament, Jacob Mudenda, has urged the local legislature to take a cue from South Korea's parliament and be able to take on the executive on issues of accountability.Mudenda made the rema...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Air Zimbabwe aborts Harare - Bulawayo flight

Air Zimbabwe (AirZim) aborted its scheduled Harare-Bulawayo flight on Monday evening after its pilot reportedly fell ill, leaving several passengers stranded.Passengers, who had checked-in for the fli...

By Staff reporter | Published: 04 April 2018

INDUSTRIALS & ENERGY

Nampak proposes glass unia sale to address 'skills gap'

Limited has proposed selling its glass division, and says it is facing an unnamed new entrant in the South African beverage can market.The packaging group's share price fell as much as 4.6 percent to ...

By Business Day | Published: 04 April 2018

POLITICS

Zim refugees in Botswana assured of safe return

GOVERNMENT is working on modalities to repatriate nearly 700 Zimbabweans, mainly victims of political violence, who escaped to Botswana 10 years ago after assuring them that their safety is guaranteed...

By Staff reporter | Published: 04 April 2018

FINANCIAL SERVICES

Barclays to pay $2bn for losses caused by fraudulent scheme

BARCLAYS has agreed to pay $2 billion for allegedly causing billions of dollars of losses to investors by engaging in a fraudulent scheme to sell residential mortgage-backed securities between 2005 an...

By Reuters | Published: 04 April 2018

LANDS & AGRICULTURE

Tobacco exports decline in first quarter

ZIMBABWE'S tobacco exports have declined by 35.4 percent to 25.3 million kilogrammes in the first quarter of 2017 against 39.2 million kg exported in the comparable period last year.According to the T...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Operations normalise in hospitals

THE situation is back to normal at Government hospitals following the return of doctors who had gone on strike last month.Some departments at major hospitals such as Mpilo Central Hospital in Bulawayo...

By Staff reporter | Published: 04 April 2018

OPINION

Need to improve miners safety and health standards

ARTISANAL and small-scale gold mining (ASGM) is undoubtedly a growing sector that contributes significantly to the growth of the country's economy.Although, there are no official statistics, estimates...

By Gibson Mhaka | Published: 04 April 2018

BUSINESS NEWS

Merlin viable, says judicial manager

TEXTILE firm, Merlin Limited, which is emerging from the woods, says it needs an estimated $17.1 million to set up a ginnery that is expected to add impetus to its survival in the long-term.The compan...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

New tour activity a hit in Victoria Falls

A NEWLY introduced tour activity, abseiling, has become a hit in Victoria Falls with scores of local tourists flocking to sample it to view the majestic waterfall during the just ended Easter holidays...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

ZITF achieves 100% booking

IT'S full steam ahead of this year's edition of the Zimbabwe International Trade Fair (ZITF) in Bulawayo with booking space already at 100 percent for the first time in years.Positive domestic and int...

By Staff reporter | Published: 04 April 2018

POLITICS

Undenge docket complete

The trial of former Energy and Power Development Minister Samuel Undenge, accused of prejudicing Zimbabwe Power Company (ZPC) of $12 650, has been set for April 24.Undenge yesterday appeared before ma...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

$2 million diamond deal goes sour

A Chinese woman lost more than US$2 million to four suspected fraudsters who allegedly lured her into Zimbabwe under the pretext that they could buy diamonds on her behalf.The complainant (name not su...

By Staff reporter | Published: 04 April 2018

POLITICS

2 executors for Tsvangirai estate

FORMER Prime Minister Morgan Tsvangirai's family has failed to agree on an executor, it has emerged. This has resulted in two lawyers being appointed to jointly assist in the distribution of the estat...

By Staff reporter | Published: 04 April 2018

MINING & RETAIL

RioZim to explore for diamonds

ZIMBABWE Stock Exchange-listed miner RioZim expects to start exploration for diamonds this month on its 3 000-hectare piece of land in Chivi, as the group eyes expansion. Chief executive Bhekinkosi Nk...

By Staff reporter | Published: 04 April 2018

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