South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...
The stock market fell on Wednesday but at a much slower pace as investors have adopted a somewhat wait and see approach until the dust settles on the ongoing currency reforms that Treasury and the Res...
Government has gazetted a statutory instrument which directs that all classes of deposits in the banking system, should be indexed to treasury bill yields as part of efforts to promote fair compensati...
GOVERNMENT is committed to fighting abuse of children on the internet as evidenced by the crafting of the Cyber Crime, Security and Data Protection Bill, Deputy Minister of Information Communication T...
The Reserve Bank of Zimbabwe released its monthly economic review documents for July 2019. The publication gives a general overview of a wide range economic statistics. The monetary statistics are a k...
THE upcoming Pensions and Provident Fund Bill will allow pension funds to invest up to 20% of their assets in offshore markets, but the regulator says this is subject to the fulfilment of local obliga...
Cabinet yesterday approved the Cyber Crime, Security and Data Protection Bill which seeks to combat cyber crimes and enhance security in the wake of rampant abuse of the platform. The Bill, which prov...
OPPOSITION parties have expressed anger over the shambolic accounts at the Agriculture ministry which saw it using $2 billion budget with no supporting documents. This came out this week when the Tend...
THE Zimbabwe Revenue Authority (Zimra) is well on course to surpass its half year revenue collection target with the final report for the period set for release at the end of this month, board chairpe...
Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special cloth...
Telone trimmed its debtors' book by 7% from $162 million in 2017 to $151 million in 2018, but is still struggling to recover debts owed by government departments and parastatals totalling $93 million ...
EGYPTIAN football giants Al Ahly have reportedly revived their interest in Warriors forward Khama Billiat, who displayed a scintillating performance in the opening match of the 2019 African Cup of Nat...
THE Zimbabwe Investment Development Bill (Zida), currently in its second reading stage in the National Assembly, will soften up on foreign investors and treat them in the same way that Zimbabwean inve...
A BILL to empower the State to seize ill-gotten wealth is expected to gazetted on Friday before the legislative process commences in Parliament next week, a Cabinet Minister has said. The crafting of ...
PRESIDENT Emmerson Mnangagwa continues to pay ghost workers unearthed by a civil service audit a few years ago, former Finance Minister Tendai Biti has claimed.Biti told newzimbabwe.com in an intervie...
THE Cotton Company of Zimbabwe (Cottco) plans to put a minimum of 100 000 hectares across the country under commercial cotton farming with the sector poised to generate a minimum of US$1 billion annua...
Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the United States and beyond - a Reu...
THE Zimbabwe Investment and Development Agency (ZIDA) Bill gazetted early this month will among other things, seek to curb environmental degradation by big investment projects.The Bill is aimed at imp...
PRESIDENT Emmerson Mnangagwa's government has inked what it has termed a major mining investment deal with Chinese company, Tsingshan Holdings.The deal, signed by Mines minister Winston Chitando and T...
GOVERNMENT yesterday signed an investment deal worth more than $5 billion with a Chinese steel manufacturing giant, Tsingshan, for the setting up of a new steel plant in Mvuma and to bankroll a number...
THE Zimbabwe Investment Development Authority Bill (Zida) is set to be gazetted within the next few weeks. The merging of the country's investment entities mooted in May 2018 is inspired by the Rwanda...
A SOUTH African mining firm Tumagole Consortium says it is committed to investing R55 billion into the Coal-Bed Methane mining project in Lupane. Tumagole Consortium officials, who were led by South A...
JUSTICE minister Ziyambi Ziyambi yesterday presented the second reading of the Companies and Other Business Entities Bill which, among other provisions, facilitates the electronic registration of busi...
Commercial banks deposits rose by 25% to $8 billion in the first 10 months of last year, data from the central bank has shown.According to the Reserve Bank of Zimbabwe (RBZ)'s monthly review of Octobe...
With Zimbabwe's Internet shutdown still partly in place, the Information minister says that the government has crafted a new law to curb abuse of the Internet .Zimbabweans were left without Internet&n...