POLITICS

Protesters plan Beitbridge Border Post shutdown

Zimbabweans in South Africa are mobilizing for protests that could disrupt operations at the Beitbridge border post, the country's busiest crossing, in response to concerns about Zimbabwe's disputed A...

By Staff reporter | Published: 12 September 2023

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

BUSINESS NEWS

Decriminalise gold possession: Miners

ZIMBABWE Miners Federation president Henrietta Rushwaya has called on government to re-align mining laws to decriminalise the possession of gold to increase production by artisanal miners.Speaking at ...

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

Chasi proposes 30-year sentence for Zesa vandals

Energy and Power Development Minister Fortune Chasi has proposed a 30-year mandatory prison sentence for vandalising ZESA infrastructure. This comes after the power utility has suffered losses amounti...

By Staff reporter | Published: 29 October 2019

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

SECZ suspends stockbroker over possible abuse of client securities

The Securities and Exchange Commission of Zimbabwe has suspended stockbroker Benson Gasura to pave way for investigations into possible non-compliance with the regulator's directive on nominee account...

By Staff reporter | Published: 11 October 2019

BUSINESS NEWS

No access to internet for 67 ZimPost offices

Sixty-seven post offices in Zimbabwe do not have internet access, the Abridged sector report for the second quarter has revealed.Potraz has been working on bridging the digital divide between the rura...

By Staff reporter | Published: 10 October 2019

TELECOMS & TECHNOLOGY

Telecoms sector posts revenue growth

Zimbabwe's telecommunications sector registered growth in revenues for the quarter ending June 30, 2019, mainly on the back of upward tariff reviews as economic headwinds persisted. The sector, like a...

By Staff reporter | Published: 07 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

BNC disposes majority stake

AN unnamed local investor has snapped up majority shareholding amounting to 74,73 percent at Bindura Nickel Corporation (BNC) through a sale and purchase agreement. BNC company secretary, Mr Muchadeyi...

By Staff reporter | Published: 04 October 2019

FINANCIAL SERVICES

CBZ posts 300% jump in net profit

ZIMBABWE'S largest financial services group CBZ Holdings Limited recorded a 301% increase in profit-after-tax to ZWL$137,4 million in the six months ended June 30, 2019 from a comparative 2018 of ZWL$...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

POSB edges closer to privatisation

THE People's Own Savings Bank (POSB)'s chairperson Mathilda Dzumbunu says the bank's partial privatisation has moved an inch closer amid revelations that a transaction advisory services consultant was...

By Staff reporter | Published: 01 October 2019

FINANCIAL SERVICES

Zamco begins process to dispose of Star Africa stake

The Zimbabwe Asset Management Company (ZAMCO) is now looking at disposing its 57.4% stake in Star Africa.The sugar manufacturer, is among some of the companies that were on the verge of collapse becau...

By Staff reporter | Published: 23 September 2019

OPINION

Attack on Mugabe coup announcer exposes polarisation

LAST Friday, in an unprecedented move - Foreign Affairs minister Sibusio Moyo and his delegation to London - were attacked by a group of angry Zimbabweans in the English capital city.The unwarranted a...

By Editorial Comment | Published: 16 July 2019

BUSINESS NEWS

Harare proposes 300% increase in service charges

Harare City Council yesterday presented a ZW$483 million supplementary budget which will see a 300% rise in charges for water, refuse collection, clamping fees, tow-away and burial space, among other ...

By Staff reporter | Published: 12 July 2019

POLITICS

Gudyanga to expose 'State secrets'

FORMER Mines and Mining Development secretary Francis Gudyanga on Monday told the court that he had dropped his application to be tried in camera and indicated that he now wants to expose State secret...

By Staff reporter | Published: 10 July 2019

POLITICS

Gudyanga threatens to expose State

Former Mines ministry secretary Francis Gudyanga, who is accused of defrauding the State of more than US$1,6 million together with an Israeli company Nikuv, yesterday threatened to expose the State if...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

PPC to dispose Colleen Bawn, Bulawayo houses

LOCAL cement producer, PPC Zimbabwe has said the disposal of houses at its Colleen Bawn and Bulawayo factories will be finalised during the 2020 financial year because government was still processing ...

By Staff reporter | Published: 04 July 2019

POLITICS

Parirenyatwa's criminal abuse case postponed over 'new developments'

CITING the emergence of new developments, the State yesterday sought postponement of the matter in which former Health minister David Parirenyatwa allegedly removed from her position, Natpharm managin...

By Staff reporter | Published: 03 July 2019

BUSINESS NEWS

Chasi posts R139 million proof of payment to Eskom on Twitter

Zimbabwe's energy minister Fortune Chasi was on Tuesday forced to put the proof of the country's US$10m (R139m) payment to Eskom on his twitter account, after earlier claims of having paid was refuted...

By Staff reporter | Published: 02 July 2019

POLITICS

MDC won't impose candidate for by-election

THE opposition MDC will not nominate any candidate for Glen View South constituency which fell vacant following the death of Morgan Tsvangirai's daughter, Vimbai Tsvangirai-Java.Tsvangirai-Java died a...

By Staff reporter | Published: 25 June 2019

MINING & RETAIL

Mercury ban poser for Zimbabwe gold mines

Zimbabwe is racing against time to find effective and sustainable ways to eliminate the use of mercury, which is widely used by small miners in processing gold, in line with dictates of global treaty ...

By Staff reporter | Published: 14 June 2019

POLITICS

Succession poser for Chamisa's MDC

THE opposition MDC's elective congress in Gweru last month failed to deal with the party's thorny succession issue, setting the stage for potentially explosive power struggles in the event that its pr...

By Staff reporter | Published: 13 June 2019

CONSTRUCTION & PROPERTY

Lafarge emerges from loss position to post US$1,3m profit

Lafarge Cement Zimbabwe Limited reversed its prior year-after-tax loss of US$0,6 million to a profit margin of US$1,3 million in the year-ended December 31, 2018, driven by growth in revenue and an e...

By Staff reporter | Published: 03 May 2019
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