MINING & RETAIL

Zimbabwe scraps 15% tax on raw platinum exports

Zimbabwe's platinum mining companies have come up with a roadmap for refinery plants that have seen the government considering the removal of a 15 percent tax on raw exports for the commodity.While co...

By Staff reporter | Published: 16 July 2019

BUSINESS NEWS

Zimbabwe power outages a manifestation of endemic corruption in govt

THE massive daily power outages rocking the country have had a devastating impact on an already fragile economy, throwing into disarray President Emmerson Mnangagwa's mantra that "Zimbabwe is open for...

By Staff reporter | Published: 12 July 2019

BUSINESS NEWS

Shambles rock Zimbabwe govt over domestic debt

GOVERNMENT is guesstimating the real domestic debt figure despite announcing that it settled a significant portion of it last week as chaos continues to characterise official communication on the stat...

By Staff reporter | Published: 12 July 2019

OPINION

Getting Zimbabwe back on track

IT is extremely frustrating to sit on the sidelines of this game we are all playing called "getting Zimbabwe back on track".We are doing so many of the right things, our team is looking much better th...

By Eddie Cross | Published: 12 July 2019

BUSINESS NEWS

Zimbabwe banks ditch Paynet, test own system

Relations between banks and bulk electronic payments service provider, Paynet Zimbabwe, may have irretrievably broken amid revelations that the banks are on the verge of testing an alternative system....

By Staff reporter | Published: 12 July 2019

MINING & RETAIL

Zimbabwe poised for gold boom

Zimbabwe is poised for a boom in gold production after Government announced that it will henceforth enforce a clause of the Mines and Minerals Act that gives the state the powers to forfeit mining tit...

By Staff reporter | Published: 12 July 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

TRANSPORT & TOURISM

Zimbabwe goes overdrive to lure diasporans

Tourism minister Priscah Mupfumira is in the United Kingdom for Zimbabwe's roadshow aimed at increasing engagement with citizens domiciled in Europe to encourage them to come and invest back in the co...

By Staff reporter | Published: 12 July 2019

TELECOMS & TECHNOLOGY

Zimbabwe mobile subscribers decline

ZIMBABWE's active  mobile subscribers declined by six percent during the first quarter of 2019 due to lower aggregate demand in the economy, latest industry report has shown. According to the Pos...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Buy Zimbabwe pushes for law to support local industry

BUY Zimbabwe founder and director Munyaradzi Hwengwere has said his organisation is pushing for legislation to force local public institutions to buy locally and support local industries. This comes a...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Zimbabweans face another fuel price hike

FINANCE minister Mthuli Ncube says government is set to increase the prices of electricity and fuel because the current pricing structure was no longer sustainable.Zimbabwe is currently battling a sev...

By Staff reporter | Published: 11 July 2019

TRANSPORT & TOURISM

Air Zimbabwe, South Jet fight over planes

TROUBLED Air Zimbabwe is involved in a tug of war with Isle of Man company South Jet One Ltd over the ownership of two Airbus A320 aircrafts which the state entity claims it was given as a donation in...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Zimbabwe, Botswana negotiate cattle repatriation

Government is negotiating with Botswana to have hundreds of livestock that stray into the neighbouring country repatriated instead of being put down.Villagers along the border in Matabeleland South ha...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Zimbabwe trade deficit narrows by 71%

ZIMBABWE'S trade deficit narrowed by 71% to $325 million between February and May this year, with analysts attributing the decline to foreign currency shortages as well as a drop in the budget deficit...

By Staff reporter | Published: 11 July 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

Zimbabwe bakers urged to stop baking biscuits, confectioneries

The Grain Millers Association of Zimbabwe (GMAZ) says the country's flour stocks have improved, but has warned bakers not to "waste" supplies on confectionary and biscuits because the situation was st...

By Staff reporter | Published: 10 July 2019

TRANSPORT & TOURISM

Air Botswana to resume flights to Zimbabwe

AIR Botswana has announced plans to resume flights between Gaborone and Harare next month, a move the Zimbabwe Tourism Authority (ZTA) says will boost the tourism business between the two countries. T...

By Staff reporter | Published: 10 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

Mnangagwa travels bankrupting Zimbabwe

PRESIDENT Emmerson Mnangagwa could have blown in excess of US$200 million in travelling expenses since he came into power in November 2017, former Finance minister Tendai Biti has said.Mnangagwa, who ...

By Staff reporter | Published: 09 July 2019

OPINION

Zimbabwe economic crisis a silhouette of the political crisis

The enduring crisis in Zimbabwe presents a conundrum to a lot of people.To the generality of Zimbabweans,whose only desire is the pursuit of a dignified existence, the debilitating liquidity crunch, f...

By Learnmore Zuze | Published: 09 July 2019

MINING & RETAIL

Zimbabwe mining industry set to generate US$3bn

Zimbabwe's mining industry expects to generate US$3 billion in revenue this year, which is short of government's US$4 billion target, an industry official has said.In 2018, the sector earned US$3,4 bi...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

'Mozambique, Zimbabwe power deal done'

Mozambique is ready to assist Zimbabwe with increased supplies of electricity from Cahora Bassa, the President has said. He was speaking on the sidelines of the 12th Extraordinary Summit on the Contin...

By Staff reporter | Published: 09 July 2019

TELECOMS & TECHNOLOGY

Zimbabwe govt sets up 146 community information centres

INFORMATION and Communication Technology (ICT) minister Kazembe Kazembe says government has so far established 146 community information centres (CICs) across the country in an effort to grow the econ...

By Staff reporter | Published: 05 July 2019

BUSINESS NEWS

Paynet suing Zimbabwe banks for US$100m

Payserv Africa Limited and Paynet Zimbabwe Private Limited have commenced legal action against the Bankers Association of Zimbabwe (BAZ) for anti-competitive practices.The company is seeking damages o...

By Staff reporter | Published: 05 July 2019
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