BUSINESS NEWS

Trevor Ncube assumes 100% stake in AMH

MEDIA mogul Trevor Ncube has assumed 100% ownership of Alpha Media Holdings (AMH) after his former partners Media Development Investment Fund (MDIF) disposed of their equity interest from Zimbabwe's l...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Zimbabweans panic as permit deadline approaches

Following months of uncertainty surrounding their stay in South Africa, thousands of Zimbabweans are now fretting over bank threats to freeze their accounts this month-end when their permits expire.So...

By CAJ News | Published: 12 December 2017

BUSINESS NEWS

Civil servants on bonuses

Civil servants have welcomed Government's commitment to pay their 2017 annual bonuses and pledged to support President Emmerson Mnangagwa's administration in its quest to revive the economy.The Govern...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Fresh bidding for Egodini project

CONSTRUCTION companies in Bulawayo have called for a fresh bidding process for the $60 million Egodini Mall project saying the initial communication on the project was not adequate.Companies from Bula...

By Staff reporter | Published: 12 December 2017

BUSINESS NEWS

Economic growth leads to forex shortages

ZIMBABWE'S foreign currency shortages that culminated in a cash crisis have been worsened by growing economic activity. Finance and Economic Planning Minister Mr Patrick Chinamasa's economic growth fo...

By Staff reporter | Published: 12 December 2017

OPINION

Does Chinamasa's budget pass the test?

Well, it has come and gone. Finance and Economic Development Minister Chinamasa delivered an interesting budget which, as was expected, had its own fair share of highs and lows.The much anticipated bu...

By Clive Mphambela | Published: 12 December 2017

BUSINESS NEWS

Govt pays $224,5m towards utility bills

The government has paid $224,5 million to service providers towards bills accrued by line ministries and departments over a long period.Service providers are owed millions of dollars by the government...

By Staff reporter | Published: 11 December 2017

POLITICS

Wicknell arrested over Zesa deals

Controversial Harare businessman, Wicknell Chivayo, is staring down the barrel of a gun as the Zimbabwe Electricity Supply Authority (Zesa) and Parliament turn the heat on him in a bid to have his pow...

By Staff reporter | Published: 11 December 2017

POLITICS

Jonathan Moyo accuses Charamba of 'bootlicking idiocy'

Former Higher and Tertiary Education minister Jonathan Moyo - who is in self-imposed exile - has hit back at Media, Information and Broadcasting Services ministry permanent secretary George Charamba a...

By Staff reporter | Published: 11 December 2017

POLITICS

Mugabe, Mphoko due for big payout

Treasury has increased the vote allocation to President Emmerson Mnangagwa's office by $56 million - in a development analysts say is partly geared towards taking care of the exit packages of deposed ...

By Staff reporter | Published: 11 December 2017

POLITICS

Tsvangirai courts Trump over polls

OPPOSITION MDC-T leader and MDC Alliance presidential candidate Morgan Tsvangirai has dispatched a high-powered three-member delegation on a global campaign, including a visit to United States Preside...

By Staff reporter | Published: 11 December 2017

POLITICS

Mnangagwa's aide in farm boundary dispute

DEPUTY Chief Secretary to the President and Cabinet, Justin Mupamhanga, has approached the High Court seeking an eviction order against one Soul Gomwe from a commercial farm in Bindura following a bou...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

Govt recovers 66% Command Agric loans

THE Government has so far recovered $47,7 million of the loans it issued under Command Agriculture Revolving Fund, which translates to 66 percent of its target of $72 million, while 10 000 farmers are...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

'No quick fix to cash shortages'

Finance and Economic Planning Minister Patrick Chinamasa, last Friday said the prevailing cash shortages will not disappear "overnight", and urged people to be patient as Government starts implementin...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

Dualisation project equipment arrives

THE contractor for the long-awaited Beitbridge-Harare-Chirundu highway dualisation project has started bringing in the machinery into the country paving way for the commencement of the $1.7 billion pr...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

RBZ sets deadline for bank's demerger

THE Reserve Bank of Zimbabwe (RBZ) has set December 31, 2017, as the deadline for the separation of ZB Financial Holdings Limited (ZBFHL) from Intermarket Holdings Limited (IHL), which will see banker...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

Shiri clarifies inputs challenges

Government has assured the nation that it is aware of the challenges being faced by farmers in accessing inputs for the 2017/18 summer cropping season and is addressing them. Lands, Agriculture and Ru...

By Staff reporter | Published: 11 December 2017

BUSINESS NEWS

MDC Alliance shoots down budget

THE MDC Alliance has dismissed the 2018 National Budget presented by Finance minister Patrick Chinamasa on Thursday as "shallow and lipstick reforms" that will not impact on the economy.This came as o...

By Staff reporter | Published: 10 December 2017

POLITICS

Tsvangirai, Khupe in fresh clash

FRESH cracks have emerged in the MDC-T after party leader Morgan Tsvangirai clashed with his deputy Thokozani Khupe over the sacking of Matabeleland South provincial chairperson Solani Moyo, NewsDay h...

By Staff reporter | Published: 10 December 2017

POLITICS

Makarau's resignation opens a can of worms

The shock resignation by Zimbabwe Electoral Commission (Zec) chairperson Rita Makarau - a mere eight months before the country holds its make-or-break national elections next year - has cast a huge sh...

By Staff reporter | Published: 10 December 2017

POLITICS

Mnangagwa's govt 'is illegitimate'

Zimbabwe needs to cure the coup, and needs the African Union to help with this, publisher and academic Ibbo Mandaza has said."It is true that the AU initially condemned the coup, but it has said nothi...

By Staff reporter | Published: 10 December 2017

OPINION

Zim opposition must start thinking, again

Zimbabwe's opposition political parties, especially the Morgan Tsvangirai-led Movement for Democratic Change (MDC) - who have been in the trenches for the past several years trying to unseat former p...

By Staff reporter | Published: 10 December 2017

EDUCATION

'Zimbabwe govt can't employ ECD teachers'

Government cannot afford to employ teachers for Early Childhood Development (ECD), Finance minister Patrick Chinamasa has said."Government recognises the complementary role that parents play in the E...

By Staff reporter | Published: 10 December 2017

POLITICS

Mnangagwa steals opposition thunder

After the budget presentation by Finance minister Patrick Chinamasa that amended the indigenisation law to reassure investors, re-engaged with global lenders and curbed profligate spending - all issu...

By Staff reporter | Published: 10 December 2017

POLITICS

'Zanu-PF spooks infiltrated Mujuru's NPP'

Joice Mujuru's  National People's Party (NPP) has claimed that its party has been infiltrated at all levels by the ruling party in a bid to weaken it head of the key 2018 elections.Mujuru, who w...

By Staff reporter | Published: 10 December 2017

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