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Market Commentary 17 January 2018

Turnover rose to $2.39 million in a trading session which saw 3,046,821 shares changing hands. Foreign buys closed at $1.57 million with foreign sales at $60,886 in a trading session which saw 91 trad...

By Staff reporter | Published: 17 January 2018

TRADE & INDUSTRY

Bitcoin dips below $10,000

Bitcoin has traded below $10,000 for the first time since early December.The value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to the price index run by the news...

By BBC | Published: 17 January 2018

BUSINESS NEWS

Mugabe's govt bought 'snow graders'

Government has admitted buying snow graders, saying local authorities should work with what they have as proper equipment is on its way.Speaking during a meeting with local authorities from Mashonala...

By Staff reporter | Published: 17 January 2018

POLITICS

'Mnangagwa can't win free, fair poll'

Respected lawyer David Coltart has said Zanu PF will drop parliamentary seats in the coming election as the revolutionary party struggles to assert its authority under the new leadership of President ...

By Staff reporter | Published: 17 January 2018

POLITICS

Mnangagwa in fresh Zapu properties headache

Zapu in conjunction with its former military wing Zipra has petitioned President Emmerson Mnangagwa over the return of properties that were confiscated by the State soon before the onset of Gukurahund...

By Staff reporter | Published: 17 January 2018

POLITICS

'Tsvangirai departure will spell doom'

Respected lawyer David Coltart, believes no one among the current crop of opposition leaders can fit in the shoes of MDC president Morgan Tsvangirai, saying he was the only one with the national appea...

By Staff reporter | Published: 17 January 2018

INDUSTRIALS & ENERGY

Fuel prices set to rocket

Petrol prices are set to rocket in the next few weeks, experts predicted, driven by oil prices that touched the highest level in three-and-a-half years at $63,81 a barrel this week, which is 143 perce...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Victoria Falls Airport overwhelmed by visitors

The recently-commissioned $150 million Victoria Falls International Airport has insufficient capacity to meet burgeoning air traffic demands, spurring a problem of congestion and delays.As traffic con...

By Staff reporter | Published: 17 January 2018

TRANSPORT & TOURISM

Protests scuttle Air Zimbabwe audit

Protests by former Air Zimbabwe (AirZim) workers have forced the International Air Transport Association (Iata) to indefinitely postpone a scheduled audit of the beleaguered national airline.The prote...

By Staff reporter | Published: 17 January 2018

POLITICS

Mavambo officials dump Makoni

Mavambo/Kusile/Dawn (MKD) leader Simba Makoni has been dumped by some of his senior officials who described him as a failed politician.The officials, who have since formed their own party - Democratic...

By Staff reporter | Published: 17 January 2018

POLITICS

Mphoko sucked into another scam

Former Vice President Phelekezela Mphoko has been sucked into a scandal which saw a local businessman fleeing Zimbabwe for fear of persecution as the former and his front liners allegedly took over hi...

By Staff reporter | Published: 17 January 2018

POLITICS

MDC-T factions square off

WARRING MDC-T factions come face-to-face today in a crunch national standing committee meeting, without party leader, Morgan Tsvangirai, who is in neighbouring South Africa receiving treatment for col...

By Staff reporter | Published: 17 January 2018

POLITICS

Mugabe son-in-law under investigation

The Zimbabwe Anti-Corruption Commission (Zacc) is digging into the goings-on at Air Zimbabwe (AirZim), with its investigators keen on unravelling the nexus between former president Robert Mugabe's son...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Zimbabwe to lower tax brackets

Government will soon lower tax brackets for various economic players as an incentive to encourage investment in the country and grow the tax base.Addressing Zimbabweans and investors in Namibia on Mon...

By Staff reporter | Published: 17 January 2018

TRANSPORT & TOURISM

Efforts to revive NRZ gather momentum

GOVERNMENT and a consortium led by the Diaspora Infrastructure Development Group (DIDG) and South Africa's Transnet, have signed a framework of agreement as efforts to revive the National Railways of ...

By Staff reporter | Published: 17 January 2018

POLITICS

Mnangagwa among 10 African leaders at WEF

President Emmerson Mnangagwa is one of the 10 African Heads of State and Government that have been invited to the prestigious World Economic Forum's 48th Annual Meeting which will take place next week...

By Staff reporter | Published: 17 January 2018

FINANCIAL SERVICES

Time Bank to re-open

TIME Bank says it is determined to re-establish its services and contribute to economic development of the country following its reinstatement by the Reserve bank of Zimbabwe (RBZ).The commercial bank...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

School term shortened to 11 weeks

THE first school term calendar which in the past has been 13 weeks, has this year been shortened to 11 weeks.Schools opened on January 9 and will close on March 28 yet in the past schools used to clos...

By Staff reporter | Published: 17 January 2018

POLITICS

Mnangagwa's engagement efforts good for Zim

THE charm offensive by President Emmerson Mnangagwa since his inauguration in November last year promises a positive redirection of the country in its interactions with the international community tha...

By Staff reporter | Published: 17 January 2018

ECONOMC INDICATORS

Inflation stands at 3%

ZIMBABWE'S year-on year inflation rate closed 2017 at 3.46 percent gaining 0.49 percentage points on the November rate of 2.97 percent, official figures show.This means that prices as measured by the ...

By Staff reporter | Published: 17 January 2018

POLITICS

Zim reprimands Trump over 'shithole' comments

GOVERNMENT yesterday protested recent utterances by US President Donald Trump branding Africa a "shithole" and urged Washington to dump its hurtful and prejudicial language as it has no place in conte...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

African Development Bank avails $4 million grant

The African Development Bank (AfDB), through the African Development Fund, has extended a $4,1 million grant to the Zimbabwean Government, part of which will be used to reform three State-owned enterp...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Buy Zimbabwe, SI64 initiatives commendable

The Buy Zimbabwe and SI 64 concepts are commendable as they aggressively pursue consumption of locally produced goods. These initiatives are testament of Government efforts that seek to promote capaci...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Bulawayo has enough water for 3 years

BULAWAYO's major water reservoirs have enough water to last three years despite insignificant inflows recorded so far and high evaporation rates, council has reported.A council report of the future wa...

By Staff reporter | Published: 17 January 2018

BUSINESS NEWS

Matabeleland provinces gets $20,1m from Zinara

Transport minister Joram Gumbo has applauded Bulawayo for effectively utilising the Zimbabwe National Road Authority (Zinara) allocation in 2017 under the emergency road rehabilitation programme (ERRP...

By Staff reporter | Published: 17 January 2018

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