ZIMBABWE

Market breadth turns negative as ZSE falls further

The stock market fell further on Tuesday as the market breadth turned negative. Foreign participation remained insignificant and local liquidity remained restricted with turnover closing at $17.9m whi...

By Staff reporter | Published: 18 March 2020

OPINION

May the last person to leave, turn off the lights

ONE of the questions that I ask myself daily is: Is there a point to this?I have to be honest, I feel defeated and I wonder if there is any hope that this country's fortunes will improve anytime soon....

By Nqaba Matshazi | Published: 10 October 2019

BUSINESS NEWS

Zimbabwe doctors to defy government ultimatum to return to work

 Striking doctors on Sunday vowed to press on with their job boycott, despite getting an ultimatum from health minister Obadiah Moyo to report for work on Monday or face disciplinary action.The d...

By ZimLive | Published: 06 October 2019

FINANCIAL SERVICES

RBZ turns to domestic resource mobilisation in the absence of international bailout

In the absence of an international bailout package, the Reserve Bank of Zimbabwe has presented a monetary policy statement strongly focused on domestic resource mobilisation aimed at reviving the prod...

By Staff reporter | Published: 23 September 2019

BUSINESS NEWS

Why Mthuli Ncube fast-tracked Zimdollar return plans

Zimbabwe re-introduced its local currency earlier than scheduled because the market was rapidly re-dollarizing, putting more pressure on the government, finance minister Mthuli Ncube said Monday.Ncube...

By Xinhua | Published: 09 July 2019

BUSINESS NEWS

Chasi turns to renewable energy

Energy minister Fortune Chasi has called on players in the private sector to collaborate with the government and invest in renewable energy to offset the power deficit in the country.Chasi's calls cam...

By Staff reporter | Published: 04 July 2019

POLITICS

Chamisa's MDC in dialogue u-turn

THE MDC Tuesday looked to have given up on demands for a dialogue process involving itself and Zanu-PF although reiterating President Emmerson Mnangagwa should allow a neutral mediator to handle the t...

By Staff reporter | Published: 26 June 2019

BUSINESS NEWS

Mnangagwa claims that 'Country has returned to normalcy'

PRESIDENT Mnangagwa yesterday said the removal of the multi-currency regime marks the country's return to normalcy while assuring Zimbabweans that the Bond note will not be decommissioned. Finance and...

By Staff reporter | Published: 26 June 2019

POLITICS

Matemadanda vows to return Zanu-PF to the people

Newly-appointed ZANU-PF national political commissar Victor Matemadanda has said his immediate task is to return the political party to the people by coming up with people centred programmes.Last week...

By Staff reporter | Published: 20 June 2019

MINING & RETAIL

Wrangle scuttles ZimAlloys turnaround

Plans to resuscitate ferrochrome producer ZimAlloys have been scuttled as the ongoing legal wrangle between the company's judicial manager and Indian investor Balasore rages on, it has been establishe...

By Staff reporter | Published: 20 June 2019

TRANSPORT & TOURISM

NRZ eyes regional markets for turnaround

GOVERNMENT plans to improve the interconnectivity of the National Railways of Zimbabwe with other countries in the region to improve the parastatal's market share and revenue, a Cabinet Minister said ...

By Staff reporter | Published: 14 June 2019

EDUCATION

Teachers not returning to their work stations next Tuesday

Zimbabwe teachers said yesterday they would not be returning to their work stations next Tuesday when the schools open for the second term, unless the government reviewed their salaries.Progressive Te...

By Staff reporter | Published: 03 May 2019

BUSINESS NEWS

GMB ex-employees turn on their lawyer

Former Grain Marketing Board (GMB) workers are at loggerheads with the lawyer who represented them after they were sacked on three months' notice in 2015 following the landmark Supreme Court ruling.Th...

By Staff reporter | Published: 03 May 2019

INDUSTRIALS & ENERGY

Turnall explores export markets

Zimbabwe Stock Exchange (ZSE) listed roofing and building materials manufacturer, Turnall Holding, intends to increase its product range to include production and supply of non-asbestos roofing materi...

By Staff reporter | Published: 25 April 2019

BUSINESS NEWS

Mnangagwa takes turnaround agenda to ZITF

GOVERNMENT has taken its reform agenda to the Zimbabwe International Trade Fair (ZITF), as part of efforts to lure investors and resuscitate the country's struggling economy.In a statement yesterday, ...

By Staff reporter | Published: 24 April 2019

POLITICS

UK to block Harare's Commonwealth return

Britain's minister for Africa Harriett Baldwin says her country supports an extension of EU sanctions against Zimbabwe and will not back its plan to return to the Commonwealth.The frosty relationship ...

By Business Day | Published: 06 February 2019

INDUSTRIALS & ENERGY

Ariston returns to profitability

AGRICULTURAL concern Ariston Holdings posted an after tax profit of $2,8 million in the full year to September from a loss position of $1,7 million in the prior year, on the back of cost-cutting measu...

By Staff reporter | Published: 01 January 2019

POLITICS

'Intern' doctors refuse to return to work

The negotiations between health workers and Government yesterday failed to lure striking doctors back to work as they insisted on their demands despite the employer offering to review their allowances...

By Staff reporter | Published: 01 January 2019

OPINION

Re-dollarisation of economy: Wrong turn for Zimbabwe

There is an effervescence in the economy - an imperceptible but definite shift towards re- dollarisation of the economy.Initially a trickle, this will soon turn into a mighty tide in one direction –...

By Joseph Mverecha | Published: 30 December 2018

ZIMBABWE

ZSE turnover down 22% in November

TURNOVER on the Zimbabwe Stock Exchange (ZSE) dropped 22,37% to $118,03 million in November from $152,05 million in October as lower volumes were traded on the local bourse.The total volume of shares ...

By Staff reporter | Published: 10 December 2018

POLITICS

Zanu-PF celebrates terror leader return

ZANU-PF last week threw a lavish party to welcome back its official after he was released from jail, having spent 14 years behind bars for killing an MDC activist in the run-up to the 2002 general ele...

By Staff reporter | Published: 10 December 2018

ZIMBABWE

ZSE turnover up 74% to $700m

THE value of shares that were traded on the Zimbabwe Stock Exchange (ZSE) was up 74% in the first 10 months of the year to $715,3 million as resurgent inflationary pressures forced investors to seek r...

By Staff reporter | Published: 04 December 2018

BUSINESS NEWS

Mthuli Ncube makes U-turn on retrenchments

Finance minister Mthuli Ncube has now said there would be no mass layoffs of public sector workers because government has no money to bankroll retrenchment packages.He said government will now conside...

By Staff reporter | Published: 01 December 2018

TRANSPORT & TOURISM

Africa Albida enjoys 'busiest year ever' as tourists return

Hospitality group Africa Albida Tourism (AAT) says it is enjoying its busiest year ever, with occupancies at its flagship property Victoria Falls Safari Lodge enjoying occupancies of over 80% over the...

By Staff reporter | Published: 22 November 2018

POLITICS

Devolution wheels start turning

CABINET has approved the amendment of the Provincial Councils and Administration Bill, a move which could see the fulfilment of the long awaited devolution of power.Briefing journalists after Cabinet,...

By Staff reporter | Published: 21 November 2018
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