BUSINESS NEWS

Matsekete replaces Mushosho as Old Mutual CEO

Old Mutual has announced First Capital Bank MD Sam Matsekete as CEO-Designate. This follows Matsekete's resignation from the banking group effective January 1, 2020.He will take over from Jonas Mushos...

By Staff reporter | Published: 07 November 2019

OPINION

May the last person to leave, turn off the lights

ONE of the questions that I ask myself daily is: Is there a point to this?I have to be honest, I feel defeated and I wonder if there is any hope that this country's fortunes will improve anytime soon....

By Nqaba Matshazi | Published: 10 October 2019

MINING & RETAIL

ZCDC targets 6,12m carats production in 2020

The state-controlled Zimbabwe Consolidated Diamond Company (ZCDC) says it expects to double its diamond production to 6,12 million carats next year up from the 3,1 million carats projected for 2019.At...

By Staff reporter | Published: 06 October 2019

POLITICS

MDC seeks to wrestle back Midlands seats

OPPOSITION MDC's structures in the Midlands province have resolved to start preparations for the harmonised elections constitutionally set for 2023 with the view of wresting rural seats from the ruli...

By Staff reporter | Published: 06 October 2019

MINING & RETAIL

Zimplats records slump in production

Zimbabwe's largest platinum producer Zimplats recorded a 36,1% slump in production volumes to 415,72kg in August as rising inflation, coupled with power cuts and foreign currency shortages, took a tol...

By Staff reporter | Published: 06 October 2019

FINANCIAL SERVICES

RBZ floats $300m additional TBs

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fourth batch of treasury bills (TBs), this time seeking to raise ZWL$300 million to finance Government programmes. The latest...

By Staff reporter | Published: 04 October 2019

MINING & RETAIL

Zimbabwe to auction 500 000 carats

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will conduct another diamond auction before the end of the year targeting to sell between 400 000 and 500 000 carats. A fortnight ago, MMC...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimra sweats over tax defaulters

THE Zimbabwe Revenue Authority (Zimra) is sweating over the fiscalisation of companies after it emerged that some entities have not connected the recording of their taxable transactions on the fiscal ...

By Staff reporter | Published: 27 September 2019

OPINION

Mugabe is gone; long live Mugabe!

When a king dies, an announcement is made that: "The king is dead; long live the king", quite a confusing statement for many of us that may not be aware of the intricacies of death and ascension in mo...

By Nqaba Matshazi | Published: 04 July 2019

POLITICS

Mnangagwa thumbs nose at protest threats

BARRING threats of social upheaval, President Emmerson Mnangagwa has declared he is ready to stick it out and push with his reform agenda.Mnangagwa on Thursday told captains of industry meeting under ...

By Staff reporter | Published: 01 July 2019

POLITICS

Workers not intimidated by Mnangagwa govt threats

IN SPITE of the hair-raising threats issued by Home Affairs minister Cain Mathema on Monday, government has been told to brace for wildcat protests as the country's embattled workers demand solutions ...

By Staff reporter | Published: 01 May 2019

AFRICA BUSINESS

South Africa moves to tighten job terms, expats fear expulsion

Foreign workers in South Africa with expertise deemed vital to the economy are worried that authorities will reduce the number of critical skills eligible for work permits, a move they say could force...

By Reuters | Published: 28 April 2019

BUSINESS NEWS

Industry sweats over drop in aggregate demand

MANUFACTURING industries have expressed concern over the recent drop in aggregate demand saying this has a knock-on effect on production levels and investment by local companies.The captains of indust...

By Staff reporter | Published: 25 April 2019

POLITICS

'Zimbabwe diplomats live in dilapidated houses'

Zimbabwe diplomats in various countries are living in dilapidated houses, Parliamentary portfolio committee on Foreign Affairs and International Trade has revealed.In a report presented in the Nationa...

By Staff reporter | Published: 02 January 2019

MINING & RETAIL

Government mulls incentives for Zimplats

GOVERNMENT has pledged to provide fiscal incentives to Zimplats in recognition of its efforts to set up a refinery for base metals and precious stones to promote beneficiation of the minerals. Unki an...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Unpaid Zimbabwean diplomats live in shame

Zimbabwean diplomats are going for months without being paid and now live in dilapidated houses as the cash-strapped government is failing to adequately fund the country's 46 consulates and embassies,...

By Staff reporter | Published: 20 December 2018

POLITICS

Zanu-PF sweats over Mnangagwa's safety

As the Zanu-PF conference gets off in earnest in Esigodini today, security agents are stressing over the safety of President Emmerson Mnangagwa and his top aides - as the ruling party converges there ...

By Staff reporter | Published: 16 December 2018

POLITICS

MDC MPs receive death threats on mobile phones

Dozens of opposition legislation have received death threats and are scared stiff for their lives pushing for a government probe into the intimidation. This week's threats came just after police forci...

By staff reporter | Published: 03 December 2018

POLITICS

Chamisa not fazed by arrest threats

MDC leader Nelson Chamisa says he is unfazed by threats of arrest by the police and will continue to do his party work as usual.This comes after the acting officer commanding (crime) Harare, Detective...

By Staff reporter | Published: 15 November 2018

MINING & RETAIL

Zimplats spends $72million on Bimha Mine

ZIMBABWE'S largest platinum producer, Zimplats, has spent $72 million of the $101 million that was set aside for the redevelopment of Bimha Mining project, one of the company's mines. In a production ...

By Staff reporter | Published: 15 November 2018

BUSINESS NEWS

Mthuli Ncube sweats over funding

NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...

By Staff reporter | Published: 21 September 2018

BUSINESS NEWS

Zimra ordered to refund Zimplats $9,5m

ZIMBABWE Revenue Authority (ZIMRA) has been caught on the wrong side of the law in collecting revenue and the High Court has ordered it to pay back $9,5 million it unlawfully garnished from a local mi...

By Staff reporter | Published: 17 September 2018

MINING & RETAIL

New mining status costs Zimplats

ZIMPLATS, the country's largest platinum miner, says its profits declined by 94 percent in the year to June 2018 after the company changed its status from a special mining lease (SML) holder to mining...

By Staff repporter | Published: 06 September 2018

POLITICS

'Khamisa's' oldest supporter 'receives death threats'

AN elderly woman from Matabeleland, whose video while declaring her support for MDC Alliance presidential candidate Nelson Chamisa went viral on social media, is reportedly being victimised for her po...

By Staff reporter | Published: 23 July 2018

FINANCIAL SERVICES

CBZ sweats over US probe

CBZ Holdings Limited is holding its breath while American investigators comb through records of its international transactions to determine the extent of any breaches by the bank of Washington's sanct...

By Staff reporter | Published: 19 July 2018
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