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ZSE TODAY

ZSE closes lower on heavyweight losses

The ZSE closed the week's trading with a 0.1% loss after moderate losses in some of the highly capitalized counters offset weak gains in other stocks as the market continues to search for a stimulus t...

By Staff reporter | Published: 18 October 2019

TRANSPORT & TOURISM

Zimbabwe's travel, tourism business levels drops in first 9 months

Zimbabwe's travel and tourism sector business levels in the first 9 months to September recorded a 5% and 10% drop respectively when compared to the same period last year, with industry officials attr...

By Staff reporter | Published: 18 October 2019

POLITICS

Mnangagwa resists temptation to take revenge on Mugabe family

PRESIDENT Emmerson Mnangagwa has kept to his word and resisted the temptation to take revenge on former first lady Grace Mugabe who terrorised him in 2017 and also humiliated him last month after her ...

By Staff reporter | Published: 18 October 2019

TRANSPORT & TOURISM

Zimbabwe still to get Embraer operating manual

GOVERNMENT has engaged Embraer over delays in releasing crucial operating manuals for its Embraer ERJ145, six months after taking delivery of the aircraft from the manufacturer, the Zimbabwe Independe...

By Staff reporter | Published: 18 October 2019

FINANCIAL SERVICES

'Banks should focus on savings deposits'

RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors of agricu...

By Staff reporter | Published: 18 October 2019

TRANSPORT & TOURISM

Air Zimbabwe using antiquated software

AIR Zimbabwe (AirZim) is using sub-standard business and aviation software instead of recommended enterprise tools owing to the airline's failure to pay service providers, the Zimbabwe Independent can...

By Staff reporter | Published: 18 October 2019

TELECOMS & TECHNOLOGY

Zimbabwe telecoms industry courts Indian investors

Zimbabwe's telecommunications industry is on the verge of obtaining tangible investments from India following a platform the industry had to outline possible lucrative opportunities for business ventu...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Mnangagwa targets 'troublesome' doctors

PRESIDENT Emmerson Mnangagwa yesterday threatened 'troublesome' union leaders reported to be inciting the strike by doctors at public health institutions."Last month we gave them an increment twice, b...

By Staff reporter | Published: 18 October 2019

OPINION

Stacking the odds against Cassava Smartech's Sasai

Cassava Smartech, an Econet spinoff, recently launched Sasai, a mobile application which mirrors China's WeChat. Of course, it is a first by Africa, but odds are highly-staked against its success.Ther...

By Respect Gwenzi | Published: 18 October 2019

BUSINESS NEWS

Mnangagwa encourages industries to export 20% of their produce

President Emmerson Mnangagwa (pictured) yesterday urged companies and producers to export 20% of their produce to the foreign markets, but retain 80% for local markets.Mnangagwa made the remarks while...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Energy ministry secretary grilled over Zesa rebundling, tariffs

MINISTRY of Energy secretary Gloria Magombo was yesterday grilled by Parliament over issues of rebundling of Zesa with MPs questioning why an institution that was recently unbundled was now being rebu...

By Staff reporter | Published: 18 October 2019

OPINION

Mthuli Ncube cut his nose to spite his face

ZIMBABWE businesses, grappling with the realities of hyperinflation and exchange rate induced losses, have pressed the panic button over worsening macro-economic conditions in the country, with severa...

By Phillimon Mhlanga | Published: 18 October 2019

BUSINESS NEWS

Zimbabweans told to brace for more misery

THE World Bank (WB) has warned that Zimbabwe's economy faces massive turmoil unless the country gets much-needed international assistance urgently, the Daily News reported. This comes as the country i...

By Staff reporter | Published: 18 October 2019

POLITICS

MDC MPs lose allowances

PARLIAMENT has docked the allowances of opposition MDC legislators as punishment for walking out on President Emmerson Mnangagwa's State of the Nation Address (Sona) last month, the Daily News reporte...

By Staff reporter | Published: 18 October 2019

POLITICS

Chamisa appeal continues today

THE hearing of a Supreme Court appeal by MDC leader Nelson Chamisa in which he is seeking to overturn a High Court ruling nullifying his presidency of the country's biggest opposition party continues ...

By Staff reporter | Published: 18 October 2019

POLITICS

Ex-Zanu-PF chef up for bashing wife

FORMER Zanu-PF central committee member Munyaradzi Right Banda was hauled before the courts for allegedly bashing his wife be- cause she had attended a friend's party. Banda, 51, was released on free ...

By Staff reporter | Published: 18 October 2019

POLITICS

MDC renews push for diaspora vote

MDC secretary for elections Jacob Mafume, pictured, has said the party will use all legal channels to make sure that people in the diaspora vote in 2023. Mafume told the Daily News that his party will...

By Staff reporter | Published: 18 October 2019

POLITICS

Zanu-PF, MDC square off over sanctions

ZANU-PF and MDC are engaged in a battle of wits over next week's anti-sanctions day after the parties lined up events to support and denounce the Southern African Development Community (Sadc). This co...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Mthuli Ncube to pull a few tricks to stabilise the exchange rate

The government will pull a few tricks up its sleeves soon to stabilise the exchange rate as part of a broader task of creating a viable environment for business, Business Times reported.A team of Pres...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Zesa announces more load shedding

ZIMBABWEANS should brace for worse load shedding following "severe supply constraints" being experienced at South African power utility Eskom. The national power utility advised consumers about the la...

By Staff reporter | Published: 18 October 2019

POLITICS

Mnangagwa, Chamisa under immense pressure to dialogue

President Emmerson Mnangagwa and opposition leader Nelson Chamisa have come under immense pressure to dialogue Zimbabwe's way out of the economic meltdown with analysts saying that was the only soluti...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Zimbabwe govt starts pilot run for new accounting system

The government has started a pilot run of the new accounting system for its entities as it moves to professionalise the public sector, Business Times can report.Zimbabwe has adopted the International ...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Energy Perm sec under ZACC probe

The Zimbabwe Anti-Corruption Commission (Zacc) is probing Gloria Magombo, the permanent secretary of the Ministry of Energy and Power Development on allegations that she has been drawing a salary fr...

By Staff reporter | Published: 18 October 2019

POLITICS

Zimbabwe teachers to work 2 days a week

Teachers will only work two days a week and will no longer abide by the formal dress code, the Progressive Teachers' Union of Zimbabwe (PTUZ) declared on Friday.The teachers announced the industrial a...

By Staff reporter | Published: 18 October 2019

ZSE TODAY

ZSE to introduce ETFs this quarter

The Zimbabwe Stock Exchange (ZSE) says it will introduce the much anticipated Exchange Traded Funds (ETFs) this quarter as part of its concerted efforts to improve product offering to the market.In Ap...

By Staff reporter | Published: 17 October 2019
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