OPINION

Zimdollar future hangs in the balance

IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...

By Eddie Cross | Published: 12 September 2023

BUSINESS NEWS

Dutch firm blocked from purchasing Astra Industries parent company

A REGIONAL regulatory body has blocked Dutch paint and coatings firm, AkzoNobel N, from acquiring a stake in the Mauritian and South African subsidiaries of Japanese chemical firm, Kansai Paint Co Ltd...

By Staff reporter | Published: 12 September 2023

POLITICS

David Coltart elected Bulawayo mayor

NEWLY-elected Ward 4 Councillor, David Coltart, of the Citizens Coalition for Change (CCC) was yesterday sworn in as the new mayor for the City of Bulawayo.He will be deputised by Ward 9 Councillor, D...

By Staff reporter | Published: 12 September 2023

POLITICS

Ian Makone elected Harare mayor

CCC councillor for Ward 18 Ian Makone has been elected Harare mayor and will run the city's affairs for the next five years.He will be deputised by Ward 41 councillor Kudzai Kadzombe (CCC).The process...

By Staff reporter | Published: 12 September 2023

BUSINESS NEWS

Mixed feelings over produce market

Informal traders in the City of Mutare have raised mixed feelings over the establishment of a produce market in the sprawling suburb of Dangamvura.The Mutare City Council in partnership with Care and ...

By Staff reporter | Published: 02 June 2022

ZIMBABWE

Seedco seeks to merge Zimbabwe operations for secondary listing

Pursuant to the proposal to transfer the ZSE Secondary Listing of Seed Co International Limited from the ZSE to the soon to be established VFEX, a proposal to merge the Zimbabwean operations, held und...

By Staff reporter | Published: 01 September 2020

ZSE TODAY

ZSE stocks little changed as Old Mutual halts losing streak

The equities market closed near flat on Thursday after gains in select heavyweight stocks restricted the losses on the benchmark index to just 0.08%.Trading in the heavyweight was not impressive with ...

By Staff reporter | Published: 19 March 2020

POLITICS

Chombo removed from remand

FORMER Local Government minister, Ignatius Chombo, was yesterday removed from remand in a case he is accused of illegally facilitating the sale of a government house in Mutare to ex-Zanu-PF legislator...

By Staff reporter | Published: 18 March 2020

ZIMBABWE

Bureaux De Changes to trade through a centralised system

Bureaux De Changes will be required to trade only through an online retail foreign currency platform with the trades being fed in real-time to a central monitoring server, according to new rules which...

By Staff reporter | Published: 17 March 2020

ZIMBABWE

Mnangagwa's govt suspends fungibility on dual-listed shares

Finance and Economic Development Minister Mthuli Ncube has suspended fungibility on dual listed shares for a period of twelve months as part if efforts to stabilise the exchange rate. This comes as go...

By Staff reporter | Published: 15 March 2020

BUSINESS NEWS

All deposit classes now indexed to treasury bill yields, say Mthuli Ncube

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...

By Staff reporter | Published: 13 March 2020

POLITICS

Gumbo was never arrested: Lawyer

PRESIDENTIAL Affairs minister Joram Gumbo was never arrested for criminal abuse of office, but he was just being interviewed on the goings on in parastatals which fell under his previous ministry and ...

By Staff reporter | Published: 07 November 2019

POLITICS

Mnangagwa pledges to end machete wars

PRESIDENT Emmerson Mnangagwa yesterday pledged to descend heavily on perpetrators of machete violence, reiterating that deterrent sentences must be imposed on those found in possession of the weapons....

By Staff reporter | Published: 07 November 2019

BUSINESS NEWS

AMG boss proposes gold-backed Zimbabwe currency to RBZ

A leading South Africa precious metals dealer African Medallion Group (AMG) has proposed to the Reserve Bank of Zimbabwe (RBZ) the launch of a digital currency backed by physical gold, with an aim to ...

By Staff reporter | Published: 07 November 2019

BUSINESS NEWS

'Sanctions to blame for outdated ICT infrastructure'

THE country requires robust state-of-the-art infrastructure for ICTs to be competitive in line with the global trends, Information Communication Technology and Courier Services Minister Kazembe Kazemb...

By Staff reporter | Published: 29 October 2019

POLITICS

Mnangagwa accuses the clerics of being biased towards Chamisa

AS ZIMBABWE's political and economic crisis deepens, President Emmerson Mnangagwa has suggested that the church is taking sides in the turmoil - while also savaging opposition leader Nelson Chamisa fo...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

No more need to queue for fuel

LOCAL company ezFuelapp.com has launched its first patent registered mobile application which enables Zimbabweans to purchase fuel online.  The mobile application is now available for download on...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

Hwange station needs complete overhaul

SUBDUED power generation at Hwange Power Station is contributing to prolonged load shedding as only four units out of six are operating, general manager for the plant, Engineer Arnold Chivurayise, has...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

Fuel prices remain unchanged

THE Zimbabwe Energy Regulatory Authority (Zera) said on Saturday that the country's fuel prices remain unchanged for this week, much to the relief of motorists used to weekly price increases. This i...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

Peter Moyo wants Trevor Manuel and other Old Mutual directors jailed

Axed Old Mutual CEO Peter Moyo says there is no punishment befitting Old Mutual directors other than six months' jail time, without the option of a fine, on the contempt of court charges he lodged aga...

By Staff reporter | Published: 18 October 2019

ZIMBABWE

ZSE stocks incredibly cheap, says Imara

The Zimbabwe Stock Exchange (ZSE) is incredibly cheap at the moment and provides a viable and liquid hedge for long term savings such as pension funds, which are at risk of being wiped out by raving i...

By Staff reporter | Published: 18 October 2019

TRANSPORT & TOURISM

Air Zimbabwe using antiquated software

AIR Zimbabwe (AirZim) is using sub-standard business and aviation software instead of recommended enterprise tools owing to the airline's failure to pay service providers, the Zimbabwe Independent can...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Energy ministry secretary grilled over Zesa rebundling, tariffs

MINISTRY of Energy secretary Gloria Magombo was yesterday grilled by Parliament over issues of rebundling of Zesa with MPs questioning why an institution that was recently unbundled was now being rebu...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Zesa announces more load shedding

ZIMBABWEANS should brace for worse load shedding following "severe supply constraints" being experienced at South African power utility Eskom. The national power utility advised consumers about the la...

By Staff reporter | Published: 18 October 2019

ZSE TODAY

Rising market activity sees 124 new accounts opened on the CSD in September

A total of 124 new accounts were opened on the Central Securities Depository in September, bringing the total number of accounts that have been opened to 26,845. This is against the historical peak of...

By Staff reporter | Published: 17 October 2019
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