BUSINESS NEWS

'Zimbabwe running out of passport paper'

REGISTRAR-General Clemence Masango yesterday told Parliament that the demand for emergency passports was now so high that his department might soon run out of passport paper.Masango made the disclosur...

By Staff reporter | Published: 12 February 2019

BUSINESS NEWS

'262 million Zimbabwe-bound substandard products rejected'

Bureau Veritas (BV), an international firm contracted by government to undertake consignment-based conformity assessment (CBCA) for imports destined for Zimbabwe, says it has rejected 262 million subs...

By Staff reporter | Published: 12 February 2019

MINING & RETAIL

Wrangle over Zimbabwe diamond mine continues

THE stalemate over the pricing of River Ranch Mine, situated in the border town of Beitbridge, continues unabated as the owners, Rani Investments, and potential buyers, the Zimbabwe Consolidated Diamo...

By Staff reporter | Published: 12 February 2019

BUSINESS NEWS

Political upheaval hammers Zimbabwe economy

Zimbabwe's recurrent political turmoil-which took a turn for the worse after last year's disputed presidential election - is hurting the economy badly by amplifying negative perceptions about the coun...

By Fin Gaz | Published: 07 February 2019

BUSINESS NEWS

Acute fuel shortages rock Zimbabwe again

Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas.Gumbo mad...

By Staff reporter | Published: 03 February 2019

TRANSPORT & TOURISM

Zimbabwe airports' utilisation below 30%

Capacity utilisation at local airports has slumped to below 30 percent on the back of continued operational challenges facing national airline, Air Zimbabwe.This comes at a time the Civil Aviation Aut...

By Staff reporter | Published: 03 February 2019

BUSINESS NEWS

7-Star Swiss hotel for Zimbabwe

Swiss billionaire and owner of Dolder Grand Hotel in Zurich, Mr URs Ernst Schwarzenbach, has expressed interest in investing in Zimbabwe, in a development that could bring an ultra-luxury, 7- Star hot...

By Staff reporter | Published: 02 February 2019

TRANSPORT & TOURISM

Air Zimbabwe moves in to curb arbitrage

Financially-troubled national airline Air Zimbabwe (AirZim) has instructed its travel agents to start charging in foreign currency for passengers flying into the country as the company seeks to turnar...

By Staff reporter | Published: 01 February 2019

FINANCIAL SERVICES

WorldRemit launches money transfer service from SA to Zimbabwe

Leading digital money transfer service WorldRemit has launched low-cost online money transfers from South Africa to Zimbabwe.Using the WorldRemit app or website, Zimbabweans living in South Africa can...

By Staff reporter | Published: 31 January 2019

OPINION

Chamisa calls for SADC intervention in Zimbabwe crisis - Fulltext

Text of speech by MDC leader Nelson Chamisa as prepared for delivery at a news conference in Harare on Tuesday, January 29:THE situation in the country has reached crisis levels. The country is curren...

By Nelson Chamisa | Published: 30 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

INDUSTRIALS & ENERGY

Adcock Ingram plots Zimbabwe exit

SOUTH African pharmaceutical group Adcock Ingram says it is assessing the viability of its continued presence in Zimbabwe, given the country's deteriorating economic environment.The Johannesburg Stock...

By Staff reporter | Published: 30 January 2019

TRANSPORT & TOURISM

CAAZ, NHS resign to losing $68,8m to Air Zimbabwe

The Civil Aviation Authority of Zimbabwe (CAAZ) and the National Handling Services (NHS) are resigned to the possibility of losing $68,8 million dollars the two companies were owed by Air Zimbabwe whe...

By Staff reporter | Published: 29 January 2019

BUSINESS NEWS

Zimbabwe trade deficit widens

ZIMBABWE recorded a trade deficit of $2,3 billion in the period between February and December 2018, latest trade data has shown.Figures released by the Zimbabwe National Statistics Agency (ZimStat) sh...

By Staff reporter | Published: 29 January 2019

BUSINESS NEWS

Foreign drug manufacturers cut off supplies to Zimbabwe

THE pharmaceutical sector in Zimbabwe owes foreign suppliers more than $39 million for imported raw materials as well as finished products, resulting in supplies to the southern African country being ...

By Staff reporter | Published: 25 January 2019

BUSINESS NEWS

Zimbabwe retailers appeal for distress fund

Retailers have called on Government to establish a distress fund that will help re-capacitate and restock businesses that fell victim to the looting and vandalism that took place during last week's vi...

By Staff reporter | Published: 25 January 2019

TRANSPORT & TOURISM

Zimbabwe tourism sector counts losses in the wake of protests

ZIMBABWE'S tourism industry stakeholders say the three-day shutdown that brought business to a standstill severely affected the sector, especially in terms of booking cancellations.The shutdown, which...

By Staff reporter | Published: 20 January 2019

MINING & RETAIL

'Looting spells death for Zimbabwe retailers'

BUSINESSES that were broken into, looted and sometimes burnt down during the recent nationwide protests might not be able to rebuild, restock and reopen, business leaders have said.Last week Zimbabwe ...

By Staff reporter | Published: 20 January 2019

MINING & RETAIL

Zimbabwe eyes rejoining London Bullion Market

Zimbabwe is targeting to upscale its engagement for re-accreditation into the London Bullion Market this year as the government seeks to optimize earnings from gold by participating on a global market...

By Staff reporter | Published: 19 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

ECONOMC INDICATORS

Zimbabwe annual inflation rate surges to 236%

Renowned United States economist and currency expert Steve Hanke says Zimbabwe's annual inflation rate is at 236 percent, much higher than the official figure of 42,09 percent published by Zimbabwe Na...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Panicking Zimbabwean shoppers besiege supermarkets

Hundreds of panicking shoppers yesterday thronged  supermarkets  and engaged in panic buying after some of the country's leading retailers opened their doors to the public following three da...

By Staff reporter | Published: 19 January 2019

POLITICS

Zimbabwe soldiers leave ugly terror trail

Horror stories are slowly emerging of how the country's trigger-happy security forces brutalised ordinary Zimbabweans this week - shooting  68 people and leaving dozens others requiring life-savi...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Zimbabwe civil servants reject $78 salary increment

GOVERNMENT now faces a crippling civil service strike after its' revised offer of $78 for the lowest paid worker or 20% on a sliding scale was rejected by negotiators, who want nothing less than $1 70...

By Staff reporter | Published: 19 January 2019

BUSINESS NEWS

Zimbabwe Immigration cleared 11,2 million travellers in 2018

The number of travellers, including tourists that were cleared at all the country's ports of entry and exit last year increased by nearly 5 percent to 11,2 million compared to 10,7 million in 2017, th...

By Staff reporter | Published: 19 January 2019
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