BUSINESS NEWS

Matebeleland region to receive normal rainfall

MATEBELELAND region will experience normal to below normal rainfall in the first and second period of the rainy season, the Meteorological Department said yesterday.Climate change has resulted in weat...

By Staff reporter | Published: 27 September 2019

POLITICS

MDC Midlands frets over partisan food distribution

MDC Midlands province has raised the red flag over alleged politicisation of food aid in parts of Gokwe district where villagers are facing drought-induced hunger.Government, in conjunction with some ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zambian arrested for smuggling emeralds

A 33-year-old man from Lusaka, Zambia, has appeared at the Zvishavane Magistrates' Court for smuggling emeralds from Mberengwa.Harrison Kazhoka of Kaunda Square, Lusaka, is facing charges of illegal p...

By Staff reporter | Published: 27 September 2019

POLITICS

Anti-graft prosecutor calls for stiffer penalties

Presidential anti-corruption special prosecution unit head Tabani Mpofu has called for stiffer penalties on people convicted of graft in order to effectively deal with the scourge, which he said is co...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Govt tightens screws on bread prices

The government has tightened its monitoring mechanisms on subsidised bread-making flour to millers and bakers to avoid unjustified bread price increases.This comes after several reports of some "baker...

By Staff reporter | Published: 27 September 2019

POLITICS

Judge raps State over Magombeyi detention

Judge president Justice George Chiweshe yesterday dismissed the State's urgent chamber application to stop Zimbabwe Hospital Doctors' Association (ZHDA) leader Peter Magombeyi from leaving the country...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

DBSA CEO calls for reforms in Zimbabwe

DEVELOPMENT Bank of Southern Africa (DBSA) chief executive officer Patrick Dlamini says government can do much better on reforms, amid a planned visit to Zimbabwe to discuss potential funding for the ...

By Staff reporter | Published: 27 September 2019

POLITICS

Mwonzora in soup over anti-sanctions trip

INTERNAL strife is threatening the Nelson Chamisa-led MDC ahead of its 20th anniversary celebrations amid reports of sharp divisions emerging over the strategy the opposition party should employ to fa...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimbabwe earns US$5bn through exports

ZIMBABWE'S foreign currency receipts are close to US$5 billion from January to date, which indicates that the country is generating sufficient forex to cater for its economic requirements, Industry an...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

'Zisco demise costing Zimbabwe US$400m annually'

ZIMBABWE is losing about US$400 million annually through importing steel and related products since the collapse of Zisco in the last decade, Industry and Commerce Minister, Mangaliso Ndlovu, has said...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Biti to recommend the prosecution of some top RBZ officials

PUBLIC Accounts Committee chair Tendai Biti says parliament will soon recommend the prosecution of some top Reserve Bank of Zimbabwe (RBZ) officials over the reckless issuance of treasury bills (TBs) ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Govt to float infrastructure bond for Harare

The Government will soon float an infrastructure bond to raise funds for water, sewer, roads and other equipment for the City of Harare, a Cabinet minister said yesterday. The Harare City Council is s...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

RBZ dismisses 'new' coins

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday expressed concern over the rising cases of "fake news" which have the capacity to undermine Government efforts to transform the econo...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimbabwe has the highest inflation rate in the world

Annual inflation in Zimbabwe was 300 percent in August, according to new data released by the International Monetary Fund (IMF). At that level, the troubled southern African nation's inflation rate is...

By Staff reporter | Published: 27 September 2019

POLITICS

USA big guns move to punish Mnangagwa's wife for Zimbabwe chaos

AN INFLUENTIAL 15-member American group that includes three former ambassadors to Zimbabwe wants First Lady Auxillia Mnangagwa, pictured, stripped of an award that was given to her by a top United Sta...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

West tightens screws on Zimbabwe

IN AN ominous development for both President Emmerson Mnangagwa and his government, a reputable United States university has stripped First Lady Auxillia Mnangagwa, pictured, of an award it had given ...

By Staff reporter | Published: 27 September 2019

POLITICS

Grace Mugabe humiliates Mnangagwa

IN YET another dramatic turn of events to hit the funeral arrangements of former president Robert Mugabe, his family has changed its mind and will now bury him in Zvimba this weekend - and not in a sp...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Average Zimbabwean lived On $12.78/day in August

According to Zimstat's latest statistics the average Zimbabwean lived on $12.78 per day while the average family needed $1,827 in order not to be deemed poor. The figure implies that Zimbabweans are n...

By Staff reporter | Published: 24 September 2019

POLITICS

Mnangagwa is a chancer, says Malema

PRESIDENT Emmerson Mnangagwa and his acolytes in the current Zanu-PF set-up that seized power in the November 2017 coup are chancers who have desperately tried to emulate former President Robert Mugab...

By newzimbabwe | Published: 24 September 2019

BUSINESS NEWS

Mohadi to open Victoria Falls Agric Show

ACTING President, Kembo Mohadi, is set to officiate at the 2019 Victoria Falls Agricultural Show, which begins here on Thursday. Organisers of the exhibition target to go international by 2021, riding...

By Staff reporter | Published: 24 September 2019

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
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