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Ramaphosa causes R2.5 billion investment cancellation
South African Breweries (SAB) has cancelled a further R2.5 billion of capital investment following the third blanket ban on alcohol sales, it announced on Friday.In announcing the ban, Preside...Published: 19 hrs ago | 2056 | by Staff reporter
Zimbabwe remains in extreme poverty range
The country's poverty datum line rose 5.5% to $4 670.04 in December from $4 425.64 the previous month. This means that a person required $143 or US$1.75 per day to purchase both non-food and food item...Published: 14 Jan 2021 at 17:04hrs | 827 | by Staff reporter
Hydro-politics depriving Bulawayo and Matebeleland of water
MORE than a century ago in 1912, the people of Matebeleland and Bulawayo regions were promised that they will draw water from the Zambezi River, through the Matebeleland Zambezi Water Project (MZWP)....Published: 14 Jan 2021 at 11:56hrs | 689 | by Staff reporter
Time to make Matabeleland Zambezi water project a reality
For the last three decades or so, Zimbabwe's largest cities have faced water challenges due to due to a combination of poor rains, droughtand mismanagement. The situation in Bulawayo, Zimbabwe's s...Published: 14 Jan 2021 at 11:51hrs | 602 | by Alfonce Mbizwo
'South Africa is going to get a third wave of coronavirus, even a fourth'
South Africa is struggling to contain a second wave of Covid-19 infections, fuelled by a virulent new local variant of the virus, "Covid fatigue" and a seriesof "super-spreader" events.On ...Published: 14 Jan 2021 at 11:43hrs | 1802 | by Staff reporter
President E.D engage your political nemesis
ContextIn 1999, the then MDC leader and former Prime Minister of Zimbabwe, Dr Morgan Richard Tsvangirai, whilst he was addressing more than 20 000 supporters in Rufaro stadium, called for the ...Published: 12 Jan 2021 at 21:24hrs | 1270 | by Tinashe Eric Muzamhindo
BCC applies to borrow US$51m
THE Bulawayo City Council has applied to borrow US$51 million for them to implement major capital projects which include the acquisition of development land and rehabilitation of water and sewerage in...Published: 10 Jan 2021 at 07:50hrs | 169 | by Staff reporter
Zimbabwe govt says to re-engage new US admin
FINANCE minister Mthuli Ncube has said he does not expect any change to the United States policy on Zimbabwe despite the change of administration in that country when President-elect Joe Biden is inau...Published: 08 Jan 2021 at 07:49hrs | 740 | by Staff reporter
Zimbabwe to fund white farmers' compensation with mine revenue
Zimbabwe plans to use profits from a mining venture to help settle a $3.5 billion compensation claim from white farmers and settle a two-decade dispute that's soured the country's relations with Weste...Published: 07 Jan 2021 at 18:44hrs | 1081 | by Staff reporter
Covid-19 impacts rural and urban migration trends
The Covid-19 lockdown has significantly impacted on migration trends in Zimbabwe with a recent study revealing that about 12 percent of people have moved from urban to rural areas.The findings...Published: 02 Jan 2021 at 09:25hrs | 765 | by Staff reporter
Zimbabwe's severe food insecurity levels up 27%
ZIMBABWE's severe food insecurity levels have risen to 27% against the backdrop of the Covid-19 induced economic hardships, the Zimbabwe National Statistics Agency (Zimstats) has said.This is ...Published: 02 Jan 2021 at 08:24hrs | 230 | by Staff reporter
Covid-19 erodes household income, buying power
The Covid-19 induced lockdown has eroded household income leading to a subsequent depreciation of consumer buying power for essential commodities, Round 2 findings of the Poverty, Income, Consumption ...Published: 31 Dec 2020 at 10:34hrs | 88 | by Staff reporter
SA's budget deficit worsens under Ramaphosa
By the end of November, South Africa's main budget balance had a deficit not far under R440 billion, new figures published on Wednesday show – an increase of 77% over the year-to-date deficit at the...Published: 30 Dec 2020 at 17:10hrs | 648 | by Staff reporter
US wasting millions on Zimbabwe election process - Report
THE United States (US) Senate has predicted Zanu-PF leader, President Emmerson Mngangagwa, would win the 2023 presidential election despite Washington pouring in millions of dollars to democratise the...Published: 30 Dec 2020 at 07:30hrs | 852 | by Staff reporter
Khupe leaves MDC-T vote in a huff
CHAOTIC scenes rocked the combustible MDC-T extraordinary congress which was held at the Harare International Conference Centre yesterday, with backers of the interim party president Thokozani Khupe (...Published: 28 Dec 2020 at 07:42hrs | 4420 | by Staff reporter
Runaway inflation, Covid-19 fuel rise in malaria cases in north-eastern Zimbabwe
ZIMBABWE has made giant strides in malaria control, but runaway inflation coupled with the advent of the Covid-19 pandemic may derail progress made in the last 17 years - moving the country away from ...Published: 27 Dec 2020 at 08:15hrs | 137 | by Staff reporter
Economic growth stimulus precedes taxation
Zimbabwe's 2021 national budget paints a picture of sustained austerity in the mid-term, with increases in taxes for various sectors of the depressed economy. A 126% jump in budgeted tax revenue colle...Published: 22 Dec 2020 at 19:28hrs | 372 | by Victor Bhoroma
We need a functional economy: Open ZISCO, CSC, NRZ, CCZ first !!!
Few days ago, I read a statement about the First lady Amai Auxilia Mnangagwa coming up with an initiative " National Dress Code", which she is going to confer or launch, for some of words, it is word ...Published: 18 Dec 2020 at 12:46hrs | 1199 | by Tinashe Eric Muzamhindo
Mushekwi faces salary cut
FORMER Warriors striker Nyasha Mushekwi is among several football players plying their trade in China facing pay cuts following the approval of a salary cap for all players by the country's football a...Published: 16 Dec 2020 at 07:09hrs | 2528 | by Staff reporter
Mutsvangwa claims 'Zimbabwe economy back on its feet'
INFORMATION Minister Monica Mutsvangwa says the country's economy was on the rebound basing this on what she said were the successes of government's Transitional Stabilisation Programme (TSP) introduc...Published: 15 Dec 2020 at 07:55hrs | 540 | by Staff reporter
Water crisis ravages Bulawayo
Women carry the burden of collecting water for households...Published: 15 Dec 2020 at 07:48hrs | 1009 | by Brezhnev Malaba
Ratepayers act against council graft
Harare ratepayers have petitioned Parliament over the tightening of laws to curb corruption in municipalities following a spate of arrests of council officials in the capital on accusations of corrupt...Published: 14 Dec 2020 at 09:59hrs | 1111 | by Staff reporter
Police turn into beggars for survival
PARLIAMENT has castigated government for reducing members of the police force to "beggars", claiming that the law enforcement agents were now subsidising government in discharging their duties as thei...Published: 14 Dec 2020 at 07:25hrs | 1012 | by Staff reporter
Reforming to rebuild Zimbabwe: A time for growth - Mthuli Ncube
With the recent announcements of vaccines to the Covid-19 pandemic, the world is staring through their dark tunnel to get a glimpse of the light....Published: 13 Dec 2020 at 05:55hrs | 892 | by Prof Mthuli Ncube
ZEC requires $8,6 billion for delimitation exercise
The $1,744 billion allocated in the 2021 National Budget by Treasury to allow the Zimbabwe Electoral Commission (ZEC) to conduct the delimitation exercise ahead of the 2023 harmonised elections, has b...Published: 12 Dec 2020 at 06:50hrs | 165 | by Staff reporter
Hopeless situation for Ziombabwe civil servants
THE strife within the civil service will remain commonplace, as wages continue to be significantly eroded by the country's high inflation.Critical social services such as health and education ...Published: 11 Dec 2020 at 19:02hrs | 2054 | by Staff reporter
'Soldiers marching on empty tummies'
PARLIAMENT has exposed government for its failure to address the plight of soldiers by not providing essentials that include medical aid and allowances, as well as adequate food rations, resulting in ...Published: 11 Dec 2020 at 06:28hrs | 1248 | by Staff reporter
Zimbabwe scores high on debt management transparency
Zimbabwe has reasonably high ratings in the region in terms of debt management transparency according to the Open Budget Index (OBI). A country's budget transparency score, reflected on the OB...Published: 02 Dec 2020 at 06:14hrs | 117 | by Staff reporter
Zimbabweans living in extreme poverty increase to 6 million in 2019
The number of poor people in the country increased to 8.9 million in 2019 - more than half of its estimated population - from 8 million in 2017 while those living in extreme poverty increased to 6 mil...Published: 27 Nov 2020 at 17:31hrs | 497 | by Staff reporter
Mthuli Ncube piles more misery on Zimbabweans
FINANCE minister Mthuli Ncube yesterday dampened the hopes for a merry Christmas for the majority Zimbabweans after he reviewed the tax-free threshold to $10 000, about half the cost of a monthly bask...Published: 27 Nov 2020 at 07:28hrs | 3972 | by Staff reporter
Zimbabwe eyes 7% growth in year 2021
FINANCE minister Mthuli Ncube stuck to his 7,4% gross domestic product (GDP) growth target when he presented the 2021 National Budget yesterday, tipping most of the growth to be driven by strong recov...Published: 27 Nov 2020 at 07:13hrs | 92 | by Staff reporter
Econet hikes tariffs 20%
Econet Wireless Zimbabwe has hiked its voice tariff by 20% to guarantee continued delivery of the service.The latest tariff adjustment comes at a time when government is banking on increased i...Published: 27 Nov 2020 at 07:10hrs | 2148 | by Staff reporter
$421.6bn inclusive 2021 budget unveiled
FINANCE and Economic Development Minister, Professor Mthuli Ncube yesterday announced a $421.6 billion National Budget for 2021 in which he handed down tax relief measures to cushion workers and corpo...Published: 27 Nov 2020 at 07:02hrs | 337 | by Staff reporter
Zimbabwe has 9 million poor people - report
NEARLY 9 million Zimbabweans are poor with the majority of them among those living in rural areas.This is according to recent ZimStats report focussing on Poverty, Income, Consumption and Expe...Published: 27 Nov 2020 at 06:58hrs | 216 | by Staff reporter
Mthuli Ncube shoots down $1,1 trillion budget proposal
FINANCE minister Mthuli Ncube has shot down requests by different ministries and departments for a $1,1 trillion 2021 national budget due to inadequate revenue.Ncube is expected to announce a ...Published: 25 Nov 2020 at 04:45hrs | 3562 | by Staff reporter
Econet marginally adjusts voice bundle tariffs
HARARE - Econet Wireless Zimbabwe (Econet) this week marginally adjusted its voice bundle tariffs in a bid to guarantee continued delivery of acceptable service to its customers.The telecommun...Published: 24 Nov 2020 at 16:31hrs | 2451 | by Agencies
Fitch and Moody's downgrade South Africa's credit ratings further
In a move that Finance Minister Tito Mboweni described as 'painful', rating agencies Fitch and Moody's pushed South Africa's credit rating deeper into the scrap heap of junk with downgrades announced ...Published: 24 Nov 2020 at 05:04hrs | 1700 | by Staff reporter
Chamisa impoverishing MDC members on the altar of political correctness
A "RATIONAL economic" Zanu-PF has been masterminding massive wealth transfers to their enlightened members since 2000. The ruling party members are winning on the economic front by creating wealth whi...Published: 23 Nov 2020 at 19:58hrs | 2317 | by Brian Sedze
Chiwenga goes after fake Covid-19 certificates conmen
VICE President and Health minister Constantino Chiwenga has vowed to bring to book people who are selling fake Covid-19 certificates.Zimbabweans intending to travel out of the country are requ...Published: 23 Nov 2020 at 06:02hrs | 2532 | by Staff reporter
Only 10% of Zimbabweans on medical aid
INSURANCE and Pensions Commission (Ipec) commissioner Grace Muradzikwa says medical cover in the country is not working for the majority of Zimbabweans.Only one in 10 Zimbabweans have medical ...Published: 22 Nov 2020 at 04:46hrs | 247 | by Staff reporter
Govt ranks highest payer, says Mthuli Ncube
THE Government is currently the highest paying employer in the country and pay scales for public servants far outstrip what private sector players are giving their employees, Finance and Economic Deve...Published: 20 Nov 2020 at 05:57hrs | 219 | by Staff reporter
Fresh details on land scam
Top officials at Rural District Councils (RDC) are conniving with village heads in the illegal sale of State land especially in peri-urban areas across the country, prejudicing the government of milli...Published: 19 Nov 2020 at 21:23hrs | 617 | by Staff reporter
Chiwenga on NDS1
THE National Development Strategy 1 (NDS1) has the potential to spur Zimbabwe's quest to grow its economy to Upper Middle-Income earning status by 2030 and its launch shows that the vision is not far-...Published: 17 Nov 2020 at 07:37hrs | 1617 | by Staff Reporter
Zimbabwean women in Diaspora financial bullies
Many married couples, the world over, develop a shared understanding of who does what in their relationship. It is sometimes an unspoken recognition of an inevitable division of labour and responsibil...Published: 14 Nov 2020 at 05:25hrs | 719 | by Dr Masimba Mavaza
Zimbabwe economic meltdown deepens
SOME of Zimbabwe's largest companies have painted a grim picture of the country's socio-economic situation, reporting a sharp fall in revenues, as the relentless economic meltdown intensifies....Published: 13 Nov 2020 at 07:31hrs | 1678 | by Staff reporter
Treasury records $5.39 billion deficit in July
Government incurred a deficit of $549.95 million in the seven months to July, missing a targeted surplus of $2.02 billion after higher expenses mainly due to the payment of Covid-19 risk allowances to...Published: 11 Nov 2020 at 14:03hrs | 1485 | by Staff reporter
'Zimbabwe GNU is premised on personal gains'
Opposition FreeZim Congress leader Joseph Makamba Busha has said the country was not ready for a government of national unity (GNU), which he said would serve personal, rather than majority interests....Published: 11 Nov 2020 at 13:54hrs | 926 | by Staff reporter
Non-monetary incentives the way to go
The face-off between government and its workers over salaries has protracted to a magnitude that it's now threatening the realisation of the national vision.The new political dispensation comm...Published: 10 Nov 2020 at 15:20hrs | 2036 | by Petros Manyuchwa
No bonus for council workers
BULAWAYO City Council workers have reportedly declared incapacitation and are demanding that their salaries be improved as a matter of urgency outside the approval of the supplementary budget....Published: 08 Nov 2020 at 07:11hrs | 457 | by Staff reporter
Corrupt councils need cleansing
AS the umbrella organ playing the oversight role over the way Zimbabwean local councils discharge their mandate for service delivery, the Zimbabwe National Organisation of Associations of Residents Tr...Published: 08 Nov 2020 at 07:02hrs | 109 | by Shepherd Chikomba
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