OPINION

On Zimbabwe and the first post-Mugabe budget

Zimbabwe's Minister of Finance and Economic Development, Patrick Chinamasa, presented the first post-Mugabe era budget on 7 December 2017. The budget has received excellent reviews as has the two spee...

By Alfred Mthimkhulu PhD | Published: 21 hours ago

POLITICS

Mnangagwa in VPs dilemma

President Emmerson Mnangagwa is facing a tough balancing act in appointing his two deputies amid indications  he is under pressure to reward the military  for playing a pivotal role in remov...

By Staff reporter | Published: 22 hours ago

POLITICS

Mnangagwa's fight to break free of Mugabe

EXACTLY a month after the fall of long-time ruler former president Robert Mugabe, signs are there that new Zimbabwean leader Emmerson Mnangagwa might struggle to undo his predecessor's legacy.Steeped ...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Cross border traders call for flexible policies

SOUTHERN African Development Community's Informal Cross Border Traders (ICBTs) have called on their governments to introduce flexible policies to enable them to play a role in the economic development...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Blackout hit Zimbabwe banks hard

THE banking sector lost an estimated $70 million after many internet-dependent transactions could not be processed because of the recent data blackout which lasted six hours.On December 5, Zimbabwe ex...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Fortwell Wholesale on expansion drive

BULAWAYO-BASED wholesaler, Fortwell Wholesale has set sights on expanding its product range next year as it forges ahead to become a one-stop-shop for consumers.Fortwell Wholesale general manager corp...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Bread, sugar and mealie-meal prices up

PRICES of some basic commodities, including bread, sugar and mealie-meal, have gone up over the last month, marginally raising the cost of living for urban households.Figures from the Consumer Council...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Fake bond notes on Harare streets

Zimbabwe's money market has been hit by counterfeit bond notes largely found on the parallel market where unscrupulous cash dealers are preying on unsuspecting cash seekers.The prevalence of the count...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Retailers still using three-tier pricing system

UNSCRUPULOUS retailers are still resorting to the three-tier payment mode adversely impacting on consumers who are already struggling to contain the effects of the prevailing liquidity crunch in the c...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

'Zimbabwe industry must start functioning'

VETERAN nationalist Angeline Masuku has bounced back into Government having been appointed by President Emmerson Mnangagwa as the Minister of State for Provincial Affairs in Bulawayo taking over from ...

By Staff reporter | Published: 22 hours ago

POLITICS

Mnangagwa spells out economic plan

THE Government will give every interested household free farming inputs to consolidate the country's expanding agro-production, President Emmerson Mnangagwa has said.A catalogue of interventions will ...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Xmas cheer for pensioners, rural folk

Government says it is looking into the plight of pensioners and people living in rural areas to ensure they have access to cash during the festive season.Demand for cash during the festive season usua...

By Staff reporter | Published: 22 hours ago

BUSINESS NEWS

Investors court Zimbabwe

FOREIGN investors have renewed their interest to commit funds into the country on the back of amendments to the Indigenisation and Economic Empowerment Act and the stance taken by the new administrati...

By Staff reporter | Published: 22 hours ago

POLITICS

Mnangagwa does not drink beer

President Emmerson Dambudzo Mnangagwa became a teetotaller during the liberation struggle in Mozambique after he witnessed fellow comrades die of excessive alcohol consumption. The President revealed ...

By Staff reporter | Published: 15 December 2017

BUSINESS NEWS

VAT drives Zimra to surpass targets

The Zimbabwe Revenue Authority (Zimra) has surpassed its November 2017 revenue target by 30 percent to $352,24 million from $269,83 million driven by strong performance in collections from the Value A...

By Staff reporter | Published: 15 December 2017

Mnangagwa ally blames cash crisis on US sanctions

PROPER banking services will return after the Zimbabwe Democracy and Economic Recovery Act (Zidera) has been removed, opening lines of credit, Finance deputy minister Terrence Mukupe said yesterday.Zi...

By Staff reporter | Published: 15 December 2017

BUSINESS NEWS

SuperSport, Kwese in running for PSL TV rights

PREMIER Soccer League clubs will get the biggest hint of who will be granted the next broadcasting rights when the top-flight body's governors convene in Harare for an extraordinary meeting today.All ...

By Staff reporter | Published: 15 December 2017

BUSINESS NEWS

Price hikes dampen festive mood

CONSUMERS have expressed dismay over the continuous increase in the prices of basic commodities, which they say could dampen the festive mood.A snap survey conducted by Business Chronicle yesterday re...

By Staff reporter | Published: 15 December 2017

BUSINESS NEWS

EY launches entrepreneurial programme

AUDIT and advisory firm Ernst & Young (EY) has launched a business programme aimed at empowering entrepreneurs.The programme, launched last week, caters for entrepreneurs from various sectors such...

By Staff reporter | Published: 15 December 2017

BUSINESS NEWS

Develop bankable projects, IDC told

Government has turned down a request from the Industrial Development Corporation (IDC) for direct budgetary allocation to clear off its debts.IDC, which has been granted the greenlight to become an in...

By Staff reporter | Published: 15 December 2017

BUSINESS NEWS

Pricing madness

In spite of the softening rates on the parallel market, prices have shot through the roof in the past few weeks with most basic products now beyond the reach of many.  Basic goods such as cooking...

By Staff reporter | Published: 15 December 2017

BUSINESS NEWS

Zim left with a week's supply of water chemicals

A major water crisis beckons for Zimbabwe's local authorities amid revelations that the country is only left with just a week's supply of water purification chemicals. Information indicates that AI Da...

By Staff reporter | Published: 15 December 2017

OPINION

A cashless solution for Zim's crippling cash-crisis

Thousands of Zimbabweans are celebrating the resignation of Mugabe and renewed hope can be seen everywhere. Unfortunately, the overnight departure of a dictator doesn't extend to the crippling legacy ...

By Brian Richardson, CEO of WIZZIT International | Published: 15 December 2017

BUSINESS NEWS

Zimra rides on regulator databases

ZIMBABWE'S tax collector, the Zimbabwe Revenue Authority (ZIMRA) has entered into an agreement with all regulatory authorities in the country to gain access into their databases.ZIMRA's acting commiss...

By Staff reporter | Published: 14 December 2017

BUSINESS NEWS

Zimra debt set-off delays rile industry

COMPANY executives and entrepreneurs have expressed concern over the Zimbabwe Revenue Authority's (Zimra) failure to process debt set-off applications, despite the existence of an arrangement between ...

By Staff reporter | Published: 14 December 2017
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