BUSINESS NEWS

Brazil suspends corrupted facility indefinitely

BRAZIL has indefinitely withheld disbursing outstanding farming implements worth $60 million to Zimbabwe under the $98 million More Food for Africa programme amid allegations of rampant abuse of the f...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Chivayo Zesa deals under scrutiny

THE Zimbabwe Electricity Supply Authority Holdings (Zesa) board will meet next week to deliberate on energy contracts awarded to dodgy businessman Wicknell Chivayo amid reports parliament will soon mo...

By Staff reporter | Published: 08 December 2017

POLITICS

Chombo's vast property empire under the spotlight

FORMER finance minister Ignatius Chombo amassed vast tracts of prime land across the country by grabbing the 20% commonage land which developers are mandated by the Local Government Act to reserve for...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Zimbabwe in new major policy shift

THE government will introduce a raft of changes to improve civil service efficiency, promote investment and ensure that parastatals and state enterprises perform, a senior government official has said...

By Staff reporter | Published: 08 December 2017

POLITICS

Mugabe sons back in Zimbabwe

FORMER president Robert Mugabe's sons-Robert Junior and Bellarmine Chatunga-this week met their parents for the first time since the long-time leader was ousted through a military intervention in his ...

By Staff reporter | Published: 08 December 2017

POLITICS

Makarau resigns from ZEC

ZIMBABWE Electoral Commission (Zec) chairperson Justice Rita Makarau has signalled her intention to resign as head of the electoral body, a few months before crucial general elections whose credibilit...

By Staff reporter | Published: 08 December 2017

POLITICS

Mugabe leases Interfresh land to white farmer

FORMER president Robert Mugabe and his wife Grace are leasing out land they controversially seized from Interfresh Holdings Ltd's Mazoe citrus estate a few years ago to local businessman Hamish Rudlan...

By Staff reporter | Published: 08 December 2017

POLITICS

Zimbabwe overhauls indigenisation

GOVERNMENT has overhauled its indigenisation policy as it moves to attract foreign direct investment (FDI) in the country as part of economic reforms spearheaded by President Emmerson Mnangagwa's admi...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Zimbabwe import bill still relatively high

Finance Minister Patrick Chinamasa has said although there was seemingly an improvement in exports, the overall balance of payments situation remains under pressure, with foreign exchange availability...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Lupepe to get $1,8m in botched up deal

THE High Court has ordered Bulawayo firm, Yatakal Trading (Pvt) Limited trading as Viking Hardware Distributors, to reimburse over $1,8 million to Ilasha Mining (Pvt) Limited following a botched minin...

By Staff reporter | Published: 08 December 2017

POLITICS

Mudede won't be forced to retire

Registrar General Tobaiwa Toneth Mudede will not be forced out of his job even though he has reached the compulsory age of retirement, Public Service, Labour and Social Welfare minister Petronella Kag...

By Staff reporter | Published: 08 December 2017

POLITICS

Grace Mugabe, Mnangagwa tiff exposed

Presidential spokesman George Charamba has for the first time given insights into some of the factors that contributed to the frosty relationship between former president Robert Mugabe and his war tim...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Bimha fumes over price increases

INDUSTRY, Commerce and Enterprise Development minister Mike Bimha says he is saddened by persistent price increases obtaining in the country, despite several recommendations done by an interministeria...

By Staff reporter | Published: 08 December 2017

POLITICS

Chombo, Chipanga granted bail

Former Finance minister Ignatius Chombo, who is facing a plethora of charges, ranging from fraud, criminal abuse of office and corruption, was yesterday released on $5 000 bail by High Court judge Jus...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Chihuri gunfire cop charged

A 27-YEAR-OLD police officer who exchanged heavy gunfire with Police Commissioner-General Augustine Chihuri's aides appeared at the Harare Magistrates' Court yesterday charged with three counts of unl...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

BCC sticks to original Egodini contractor

THE Bulawayo City Council has resolved to hand over the $60 million Egodini Mall project site to the contractor, Terracotta Private Limited, at the end of next month, with construction work expected t...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Indigenisation laws to apply to diamonds, platinum mining

THE 51/49 percent shareholding requirement under the Indigenisation and Economic Empowerment Act would now be applied to investments to extract two precious minerals - diamonds and platinum.Finance an...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

'Measures being taken to address cash shortages'

FINANCE and Economic Development Minister Patrick Chinamasa has said Government is working on a raft of measures aimed at improving the availability of cash in the country's banking system.Presenting ...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Soldiers to be deployed to Beitbridge Border Post

THE Government will soon deploy soldiers to Beitbridge Border Post to help eradicate criminal activities during the festive season cross-border movement.During peak periods such as the festive period,...

By Staff reporter | Published: 08 December 2017

POLITICS

Jonathan Moyo, Kasukuwere accounts frozen

Government has frozen bank accounts of former Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moyo and former Local Government, Public Works and National ...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

$176 million set aside for civil service bonuses

THE Minister of Finance and Economic Development Patrick Chinamasa yesterday assured civil servants that they will be paid their 2017 bonus beginning in 2018, with $176 million set aside for the 13th ...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Individual fuel imports banned

GOVERNMENT has banned the importation of fuel by individuals.In a notice issued by the Zimbabwe Energy Regulatory Authority (Zera) yesterday, Government said it has repealed Statutory Instrument (S.I....

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

Chinamasa makes sweeping changes

FINANCE minister Patrick Chinamasa has introduced a raft of cost-cutting measures, among them a drastic reduction in government travel, other luxuries and fired over 3 000 national youth service gradu...

By Staff reporter | Published: 08 December 2017

BUSINESS NEWS

White farmers trickle back

A white Zimbabwean farmer kicked off his Rusape property at gunpoint in June has been told he will be going home within days, the first signs of the post-Robert Mugabe government making good on promis...

By Reuters | Published: 08 December 2017

BUSINESS NEWS

Govt rejects MPs, chiefs' vehicle requests

GOVERNMENT has turned down requests to buy vehicles for ministers, MPs, chiefs and other top officials that would have cost the country over $300 million.Finance and Economic Development Minister, Pat...

By Staff reporter | Published: 08 December 2017

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