POLITICS

Malema mourns Mugabe

SOUTH African Economic Freedom Fighters leader Mr Julius Malema has called on Africans to unite  to achieve political, economic and social growth. The EFF leader said this yesterday when he came ...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Harare shuts down its main water works

Harare shut its main water works on Monday citing shortages of foreign currency to import treatment chemicals, the deputy mayor said, potentially leaving the city dry and raising the risk of water bor...

By Reuters | Published: 24 September 2019

BUSINESS NEWS

Consumers demand price cuts

CONSUMERS have called on the business community to reduce prices in line with the decline in exchange rates and implored Government to create a framework that guides pricing based on productive fundam...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Bureaux de change align rate to interbank

Government, through the Reserve Bank of Zimbabwe (RBZ), has moved to refine the operations of bureaux de changes to align their foreign currency exchange rate with that of the official interbank marke...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Forex speculators hit hard

Currency speculators who, last week, disposed of their Zimbabwean dollars for the US dollar at very high exchange rates with the expectation that the local currency will plunge further, are counting t...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Zimra lifestyle audit: 36 suspended

THE Zimbabwe Revenue Authority (Zimra) suspended at least 36 officers implicated in lifestyle audits, while processes are underway at the High Court to forfeit the ill-gotten wealth.Zimra Commissioner...

By Staff reporter | Published: 24 September 2019

POLITICS

Hectic UN schedule for Mnangagwa

President Mnangagwa faces a hectic schedule during the 74th Ordinary Session of the United Nations General Assembly (UNGA 74) with a long list of crucial bilateral meetings lined up with representativ...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Pensions pay out date moved

PENSIONERS from the Public Service Commission will not be able to access their pay this Friday due to a resolution to have their pensions reviewed in line with the cost of living.In a statement yester...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

Mthuli Ncube speaks on approximate exchange rate

THE appropriate exchange rate between the Zimbabwe dollar and the United States dollar should hover around US$1: ZWL$5,6 based on "founded quantitative estimates", Finance and Economic Development Min...

By Staff reporter | Published: 24 September 2019

OPINION

Beware of safe haven assets, fair value adjustments tend to burn later on

The Zimbabwean economy is fundamentally going through what the global economy is experiencing as well, albeit due to slightly different dynamics. A safe haven is generally a place where investors "par...

By Staff reporter | Published: 23 September 2019

OPINION

Zimbabwe currency stability faces headwinds

The battle for new currency stability faces severe headwinds, and the signs are not good. It was always going to be an uphill task, even under the best of conditions to re-introduce a currency that wa...

By Joseph Mverecha | Published: 23 September 2019

BUSINESS NEWS

Money supply growth accelerates in June

The Reserve Bank of Zimbabwe (RBZ) released its monthly economic review for June detailing monetary statistics for the 2019 half year. The report comes in the build up to Governor Dr. John Mangudya's ...

By Staff reporter | Published: 23 September 2019

POLITICS

Mugabe dies in front of Grace

Zimbabwe's founding leader Robert Gabriel Mugabe has died aged 95.Mugabe died in a hospital in Singapore on Friday surrounded by family including his wife, Grace."Sadly, we have lost him. It's a day w...

By Staff reporter | Published: 06 September 2019

BUSINESS NEWS

ZimTrade Outward Trade delegation set for UK Mission

A high-powered delegation from ZimTrade, Zimbabwe's trade development and promotion organisation, will visit the United Kingdom (UK) on an Outward Trade Mission from the 2-6 September 2019.The delegat...

By Staff reporter | Published: 22 August 2019

OPINION

The price of inflation will be very high for Government of Zimbabwe

How many jobs were created in the Midlands province in the month of June 2019? Were there policies put in place, 12 or 6 months ago, in Midlands that can be referenced as explanatory to the job number...

By Chris Chenga | Published: 22 August 2019

BUSINESS NEWS

Smelly Dube scoops top UK award

GWERU-based private property developer Smelly Dube raised the Zimbabwean flag high at the ongoing African Achievers Awards International Lectures and Honours currently underway in Newington, United Ki...

By Staff reporter | Published: 16 July 2019

OPINION

Attack on Mugabe coup announcer exposes polarisation

LAST Friday, in an unprecedented move - Foreign Affairs minister Sibusio Moyo and his delegation to London - were attacked by a group of angry Zimbabweans in the English capital city.The unwarranted a...

By Editorial Comment | Published: 16 July 2019

BUSINESS NEWS

Kombi operators raise fares

COMMUTER omnibuses here have hiked fares following the latest fuel price increase.The kombis moved from $1,50 to $2 as operators moved to cushion themselves against the continuously rising costs.The f...

By Staff reporter | Published: 16 July 2019

POLITICS

'Devolution a disappointment'

The huge public expectations raised by devolved government in Zimbabwe have turned into disappointment, the Zimbabwe Coalition on Debt and Development (Zimcodd) has said, after government failed to av...

By Staff reporter | Published: 16 July 2019

POLITICS

Mnangagwa fumes over ivory, rhino horns

PRESIDENT Emmerson Mnangagwa has castigated foreign countries for what he termed interference in the way the country should manage its natural resources, especially the ballooning ivory and rhino horn...

By Staff reporter | Published: 16 July 2019

POLITICS

MDC blames intimidation for by-elections loss

OPPOSITION MDC has blamed "calculated intimidation and vote buying" for its embarrassing loss  of Nyanga ward 26, a claim that Zanu-PF scoffed at as a case of "sour grapes".The ruling party's Bis...

By Staff reporter | Published: 16 July 2019

POLITICS

Chamisa changes tact

TENSIONS ran high at the MDC retreat meeting held over the weekend to decide whether the party should immediately roll out demonstrations or give dialogue a chance.The Nelson Chamisa-led party in the ...

By Staff reporter | Published: 16 July 2019

BUSINESS NEWS

Mthuli Ncube promises to reduce tax burden

FINANCE Minister Mthuli Ncube has promised relief on some taxes ahead of his interim budget on July 31, 2019, as a mid-term fiscal review statement measure to cushion people against the continuous ero...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Zimbabwe power outages a manifestation of endemic corruption in govt

THE massive daily power outages rocking the country have had a devastating impact on an already fragile economy, throwing into disarray President Emmerson Mnangagwa's mantra that "Zimbabwe is open for...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Shambles rock Zimbabwe govt over domestic debt

GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...

By Staff reporter | Published: 12 July 2019
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