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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

ZSE TODAY

Rising market activity sees 124 new accounts opened on the CSD in September

A total of 124 new accounts were opened on the Central Securities Depository in September, bringing the total number of accounts that have been opened to 26,845. This is against the historical peak of...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Continued slowdown in Zimbabwe monthly inflation

Latest statistics from Zimstat show that country's monthly inflation rate was at 17.72% shedding 0.35 percentage points on the August rate of 18.07% as Government continues to target a monthly inflati...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

ICAZ to hold IAS29 workshops

Zimbabwe's economy is now considered hyperinflationary for accounting purposes under International Financial Reporting Standards, a determination that requires companies to account, monitor inflation ...

By Staff reporter | Published: 17 October 2019

MINING & RETAIL

ZIMRA delays Prospect's bid to increase stake in Arcadia

Prospect Resources says a Zimbabwe Revenue Authority (ZIMRA) clearance certificate is the only remaining consent required to complete the transaction of increasing its stake in Arcadia Lithium Project...

By Staff reporter | Published: 17 October 2019

ZIMBABWE

IMF says Zimbabwe economy to contract 7.1% in 2019

The International Monetary Fund is projecting Zimbabwe's economy to contract 7.1% in 2019 but will recover in 2020 to a moderate growth of 2.7% and 2.2% in 2021.  The projections are in line with...

By Staff reporter | Published: 17 October 2019

ZSE TODAY

Mid-tier stocks drive ZSE to a marginal gain

The ZSE gained 0.07% as marginal losses in the big caps were offset by moderate gains in mid-tier stocks pushed by small trades. The session yielded eleven gainers and six fallers, with the Old Mutual...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Zimbabwe pushes for US$14 bln export earnings by 2030 in National Export Strategy

Government through the National Trade Policy and Export Strategy blueprint is targeting to grow Zimbabwe's export by 10% annually to US$6.4 billion in 2023 and ultimately to US$12.4 billion by 2030 fr...

By Staff reporter | Published: 17 October 2019

TELECOMS & TECHNOLOGY

Telecel Zimbabwe shares saga rages on

THE battle for shares in Telecel Zimbabwe (Private) Limited between a war veterans organisation Magamba Echimurenga Housing Trust and businessman James Makamba and nine other entities, has been set do...

By Staff reporter | Published: 17 October 2019

POLITICS

Zanu-PF, MDC big guns push for Mnangagwa, Chamisa talks

MANY Zimbabweans have welcomed the tentative moves to end months of political brawling in the country between President Emmerson Mnangagwa and opposition leader Nelson Chamisa - through the holding of...

By Staff reporter | Published: 17 October 2019

POLITICS

No pay for some striking doctors

GOVERNMENT has reportedly docked the salaries of some striking doctors who downed tools 47 days ago and refused to go back to work even after the Labour Court declared their job action unlawful. Zimba...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Nurses to report for duty once a week

NURSES, who recently declared incapacitation, have resolved to report for duty once a week, a situation that will worsen further service delivery at public hospitals that were also deserted by doctors...

By Staff reporter | Published: 17 October 2019
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