BUSINESS NEWS

Riot police block civil servants demo

CIVIL servants have threatened to completely down tools and escalate their fight for better wages after police yesterday blocked their march to hand over petitions to Finance and Labour ministers.The ...

By Staff reporter | Published: 07 November 2019

POLITICS

Civil servants warn Mnangagwa, govt

CIVIL servants have warned that they will sabotage President Emmerson Mnangagwa's government programmes if authorities continue to disregard their demands for better working conditions, the Daily News...

By Staff reporter | Published: 07 November 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

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

POLITICS

Chamisa appoints anti-graft panel

OPPOSITION MDC leader Nelson Chamisa has appointed a five-member integrity and accountability panel to investigate cases of corruption in local authorities led by his party.Addressing journalists at t...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Nust students protest over exorbitant graduation fees

NATIONAL University of Science and Technology (Nust) students, who are expecting to graduate on November 8, have petitioned their administration over exorbitant graduation fees which they described as...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Storm brews over nostro accounts

THE Reserve Bank of Zimbabwe (RBZ)'s decision to tighten regulations on withdrawals of foreign currency by Zimbabweans who earn their salaries in foreign currency faces litigation, while analysts war...

By Staff reporter | Published: 07 October 2019

INDUSTRIALS & ENERGY

Foreign currency shortages derail Paramount Garments

LEADING textile firm, Paramount Garments' exports have dropped by 14 percent while prospects of growing its Bulawayo clothing manufacturing unit, Archer Clothing Manufacturers are in limbo due to adve...

By Staff reporter | Published: 06 October 2019

POLITICS

New regulations for Zimbabwean Presidential aspirants

Aspirants who wish to lend the country's top job - that of  President - will have to be nominated by at least 1 000 registered voters from the country's 10 provinces and fork out more than the cu...

By Staff reporter | Published: 06 October 2019

MINING & RETAIL

TV Sales & Home in major synergistic investments

FURNITURE and electrical appliances retailer, TV Sales & Home, has acquired a 49 percent stake in bed maker, Restapedic, and separately established a joint venture lounge suite manufacturing compa...

By New Ziana | Published: 01 October 2019

INDUSTRIALS & ENERGY

Forex earnings boost Afsun H1 as group embarks on major soft refurbishments

Foreign currency earnings, which constituted 45% of revenue, helped African Sun post a 765% increase in the bottom-line for the half year to June 30.  This is in spite of a drop in occupancy leve...

By Staff reporter | Published: 28 September 2019

OPINION

Beware of safe haven assets, fair value adjustments tend to burn later on

The Zimbabwean economy is fundamentally going through what the global economy is experiencing as well, albeit due to slightly different dynamics. A safe haven is generally a place where investors "par...

By Staff reporter | Published: 23 September 2019

POLITICS

Mugabe coup announcer paints rosy picture of Zimbabwe media

FOREIGN Affairs minister Sibusiso Moyo yesterday said the government is keen on improving the media sector, claiming journalists' working environment has improved under the administration of President...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Zimbabwe civil servants brace for strike

CIVIL servants yesterday said they had run out of patience with their employer over poor remuneration and threatened to take "appropriate action" if government fails to come up with a satisfactory wag...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Mugabe coup announcer talks up investment in Westminster

Foreign Affairs and International Trade Minister Dr Sibusiso Busi Moyo yesterday had lunch with the powerful Westminster Africa Business Group in London and invited them to grab investment opportuniti...

By Staff reporter | Published: 12 July 2019

POLITICS

Bulawayo residents rally against demolition of cooling towers

THE uproar by Bulawayo residents over the demolition of the iconic cooling towers at the thermal power station is justified as the community feels they have been repeatedly shortchanged, analysts have...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Civil servants union divided over boycotting feedback meeting

Divisions have rocked the Apex Council with the Progressive Teachers Union yesterday boycotting a feedback meeting following deliberations between representatives of Government employees and the emplo...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Zimbabwe civil servants reject $21 million pay rise - union

Zimbabwe's government on Tuesday offered its workers 180 million Zimbabwe dollars ($21 million) in additional pay for the July-December period, which unions rejected as inadequate in the face of soari...

By Reuters | Published: 10 July 2019

BUSINESS NEWS

Mthuli Ncube taunts 'misguided' lawyers challenging SI 142

FINANCE minister Mthuli Ncube has described litigations against the reintroduction of the Zimbabwean dollar and ban on the use of foreign currencies as "misguided".Currently, there are three cases at ...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

BCC wants army to clear out panners

BULAWAYO city fathers have resolved to engage the army to deal with artisanal miners working on Upper Ncema, threatening the ability of the dam to supply water to the city.This comes at a time when re...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Desperation and panic grips Bulawayo residents

DESPERATION and panic have hit Bulawayo as most suburbs have gone without water for eight days following major refurbishment works at the city's reservoirs with residents accusing council of poor plan...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Zesa complicit in cable thefts: Residents

Zesa spokesperson Fullard Gwasira said vandalism of Zesa property was becoming more rampant, particularly in Bulawayo and blamed this on the economy and unemployed technicians."Zesa property is vandal...

By Staff reporter | Published: 04 July 2019

POLITICS

Zec appoints substantive Chief Elections Officer

THE Zimbabwe Electoral Commission (Zec) has appointed, Mr Utoile Silaigwana, as the substantive Chief Elections Officer taking over from Mrs Constance Chigwamba. Mr Silaigwana's appointment is effecti...

By Staff reporter | Published: 04 July 2019

FINANCIAL SERVICES

Residents slam poor banks service delivery

BULAWAYO residents are complaining about poor service delivery at banks in the city when changing their foreign currency into local currency. The residents said they are made to wait for long hours be...

By Staff reporter | Published: 04 July 2019

POLITICS

Mnangagwa appoints acting High Court judges

President Mnangagwa has appointed three retired judges - Justices November Mtshiya, Nicholas Ndou and Vernanda Ziyambi - as acting judges of the High Court bench to preside over matters in the special...

By Staff reporter | Published: 04 July 2019
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