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

ZIMBABWE

SecZim to audit fungible shares trading amid 'cheating' reports

The Securities and Exchange Commission of Zimbabwe says it will undertake an audit of all transaction inflows on dual listed shares that were consummated with effect from June 1, 2019. This comes amid...

By Staff reporter | Published: 12 March 2020

FINANCIAL SERVICES

'Banks should focus on savings deposits'

RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors of agricu...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Nurses to report for duty once a week

NURSES, who recently declared incapacitation, have resolved to report for duty once a week, a situation that will worsen further service delivery at public hospitals that were also deserted by doctors...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

More than 83% live in poverty - Report

MORE than 83 percent of residents here are poor, living on $500 per month, a recent study conducted by the local authority has revealed. Making a presentation during the Bulawayo City Council (BCC)'s ...

By Staff reporter | Published: 14 October 2019

POLITICS

Court orders striking doctors to report for work within 48 hours

Striking doctors must return to work within 48 hours, or face a misconduct charge, the Labour Court ruled on Friday.The court found that the work boycott by junior doctors pressing for better pay, whi...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

Zimbabwe gears for hyperinflation reporting

ZIMBABWE is on the verge of adopting a hyperinflation financial reporting model at a time inflation figures have spiked as its fragile economy teeters on the brink of collapse.The reporting modality, ...

By Staff reporter | Published: 10 October 2019

MINING & RETAIL

Zimbabwe starts repossessing idle mines

THE Government has started implementing the "use it or lose it" policy, which will see thousands of individuals or companies having their mining rights taken away for holding onto them for speculative...

By Staff reporter | Published: 06 October 2019

MINING & RETAIL

Premier seeks EPO for Zulu lithium project

PREMIER African Minerals will soon meet the Mining Affairs Board over the company's application for an Exclusive Prospecting Order (EPO) at its Zulu Lithium and Tantalite project in Matabeleland South...

By Staff reporter | Published: 24 September 2019

BUSINESS NEWS

'Report to ascertain Zimbabwe's domestic debt'

Zimbabwe together with World Bank has completed a report to ascertain the level of the country's domestic debt for it to clear its long standing arrears, while in the same vein engaging potential fina...

By Staff reporter | Published: 10 July 2019

INDUSTRIALS & ENERGY

CFI holdings Limited reports ZWL$7,2 million profit after tax

CFI holdings Limited reported a profit-after tax of ZWL$7,2 million in the half-year to March 31, 2019, up from ZWL$2,1 million posted over the same period last year, driven by growth in earnings from...

By Staff reporter | Published: 04 July 2019

POLITICS

Zanu-PF youth League to look into Chiri's reports

THE Zanu-PF Youth League which has been breathing fire and brimstone over corruption in government and the private sector said it will be looking into Auditor-General (AG) Mildred Chiri's reports whic...

By Staff reporter | Published: 01 July 2019

ZIMBABWE

New ZSE Listings Rules abolish executive chairmanship; reporting to be done quarterly

New Zimbabwe Stock Exchange Listing Rules will now prohibit the position of executive chairman as part of efforts to promote good corporate governance while companies will now be compelled to publish ...

By FinX | Published: 09 June 2019

BUSINESS NEWS

ZiFM to broadcast State of the Economy Report launch

ZiFM Stereo will broadcast live the launch of the quarterly State of the Economy Report produced by the Africa Economic Development Strategies (AEDS) in conjunction with the Daily News.The report will...

By Staff reporter | Published: 02 May 2019

POLITICS

Sudan rubbishes reports Bashir has fled to Zimbabwe for asylum

On the way, their jet made a curious stop in Sudan late Tuesday evening - despite a no-fly zone imposed in Khartoum by the military - fuelling speculation as to whether Bashir or his family could have...

By ANA | Published: 28 April 2019

MINING & RETAIL

Miners object EPOs introduction

Zimbabwe Miners Federation (ZMF), the umbrella body representing small-scale miners, is opposing applications for Exclusive Prospecting Orders (EPOs) made by 11 local and international mining companie...

By Staff reporter | Published: 31 January 2019

FINANCIAL SERVICES

Zimbabwe commercial bank deposits surge 25% to $8 billion

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...

By Staff reporter | Published: 30 January 2019

POLITICS

Zimbabwe deports SA journalists

Two South African journalists were yesterday deported by Zimbabwean authorities amid fears government could be going in overdrive to stifle access to information.In a statement, Media Alliance of Zimb...

By Staff reporter | Published: 19 January 2019

POLITICS

Mnangagwa in fix over Motlanthe report

PRESIDENT Emmerson Mnangagwa is in a catch-22 situation over whether to implement recommendations of the commission of inquiry into the August 1 post-election violence, which urged him to engage oppos...

By Staff reporter | Published: 01 January 2019

POLITICS

Soldiers' use of live bullets was 'unjustified and disproportionate' - Report

SOLDIERS and police who were deployed to quell post-election protests which rocked Harare on August 1 killed six people and injured 35 others, while their use of live bullets was "unjustified and disp...

By Staff reporter | Published: 19 December 2018

POLITICS

Mnangagwa will publicise shootings report

PRESIDENT Emmerson Mnangagwa has said he will make public the report by a commission of inquiry into the post-election violence that gripped Harare on August 1, in which members of the military allege...

By Staff reporter | Published: 11 December 2018

POLITICS

'Mnangagwa must release August 1 killings inquiry report'

RECENT disclosures by presidential spokesperson George Charamba that the report by the commission of inquiry into the August 1 shootings by the millitary is for President Emmerson Mnangagwa's eyes "on...

By Staff reporter | Published: 07 December 2018

POLITICS

Mnangagwa to release inquiry report

President Emmerson Mnangagwa made an undertaking to make the results of the August 1 inquiry public way before appointing the Mothlante Commission but will follow processes and formalities laid down i...

By Staff reporter | Published: 05 December 2018

OPINION

Motlanthe commission: Too little, too late

MDC Alliance leaders appeared before the Kgalema Motlanthe-led commission of inquiry into the August 1 killings and the presentation by Tendai Biti and Nelson Chamisa left the commissioners in awe.Bit...

By Wilton Machimbira | Published: 03 December 2018

OPINION

Motlanthe's rushed report raises eyebrows

THE speed with which the Kgalema Motlanthle commission of inquiry into the August 1 fatal shooting of six civilians wound up its probe on Tuesday, compiled its executive summary and presented it to Pr...

By Editorial - newsday | Published: 03 December 2018
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