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RBZ orders Zimbabwe banks to give forex
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has ordered banks to settle transactions outside the public glare as he cracks the whip on the sector amid revelations some banks were refusing cl...Published: 20 hrs ago | 7295 | by Staff reporter
Zimbabwe targets airport rehab
Zimbabwe will roll out an aggressive rehabilitation programme for all major airport facilities in the country as it anticipates a boom in tourism and air traffic space.Finance and Economic Dev...Published: 20 hrs ago | 1266 | by Staff reporter
Zanu-PF clears 'G40 remnant'
THE Zanu-PF party has finally cleared Bornface Mutize who was disqualified for allegedly being a G40 member ahead of the looming district co-ordinating committee (DCC) elections to be held this weeken...Published: 20 hrs ago | 1263 | by Staff reporter
Police speak on RoilBAAs stoppage
POLICE yesterday said they were forced to walk on stage and stop proceedings during the Roil Bulawayo Arts Awards (RoilBAAs) last Saturday after organisers failed to stick to agreed timelines for the ...Published: 20 hrs ago | 331 | by Staff reporter
More radio stations coming, says BAZ
Zimbabwe's media reforms are moving swiftly forward with the Broadcasting Authority of Zimbabwe (BAZ) now verifying information and carrying out fact-finding missions in the communities that submitted...Published: 20 hrs ago | 107 | by Staff reporter
Mangudya warns money launderers
THE governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, says authorities will step up the current crack down on individuals and companies that are moving large but unexplained sums of money...Published: 02 Dec 2020 at 06:35hrs | 2310 | by Staff reporter
Safeguard loses US$35 000 to armed robbers
POLICE yesterday said they were investigating a case of armed robbery which occurred on Monday morning when five suspects armed with pistols ambushed a Safeguard cash-in-transit vehicle delivering cas...Published: 02 Dec 2020 at 06:18hrs | 503 | 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 | 95 | by Staff reporter
EcoCash revenue continues to dwindle
CASSAVA Smartech Zimbabwe Limited's subsidiary EcoCash's revenue contributions to the group continue to dwindle following recent operating measures effected by the Reserve Bank of Zimbabwe (RBZ) to cu...Published: 02 Dec 2020 at 06:13hrs | 524 | by Staff reporter
Zinara plug revenue leakages
THE Zimbabwe National Road Administration (Zinara) has moved to combat corruption and plug revenue leakages by introducing a Procurement Management Unit (PMU).Zinara has regularly been in the ...Published: 01 Dec 2020 at 18:02hrs | 1245 | by Staff reporter
Sector priorities for NDS implementation
Zimbabwe launched its new 5 year economic blueprint called the National Development Strategy (NDS-1) on 16 November 2020. The new plan succeeds the Transitional Stabilization Programme (TSP) that ends...Published: 01 Dec 2020 at 09:17hrs | 653 | by Victor Bhoroma
3 years of false promises
IT is now three years since President Emmerson Mnangagwa took over power from the late former President Robert Mugabe with the assistance of the military.Mnangagwa promised a break from the pa...Published: 01 Dec 2020 at 07:00hrs | 544 | by Concerned
'Dollarisation was our biggest mistake,' says Mthuli Mcube
Dollarisation was a big mistake as it took away the country's monetary autonomy and made industry uncompetitive, Finance and Economic Development Minister Mthuli Ncube said yesterday. Besides,...Published: 01 Dec 2020 at 06:48hrs | 2868 | by Staff reporter
24 senior military officers promoted
Twenty-four Zimbabwe National Army lieutenant colonels have been promoted to the rank of colonel by Commander-in-Chief of the Zimbabwe Defence Forces President Mnangagwa. The promotions were i...Published: 01 Dec 2020 at 06:48hrs | 797 | by Staff reporter
Zimbabwe makes huge strides in combating HIV/AIDS
Zimbabwe has made commendable progress in reversing the course of the AIDS pandemic through prevention of new HIV infections and the provision of treatment to those infected despite economic challenge...Published: 01 Dec 2020 at 06:45hrs | 156 | by Staff reporter
Businessman up for money laundering
BUSINESSMAN Fidelis Chuma on Saturday appeared in court on allegations of money laundering involving $300 million.Chuma, who runs a floor polish company King Cobra, is being accused of using a...Published: 30 Nov 2020 at 19:05hrs | 2940 | by Staff reporter
Chief Charumbira finally confirms that 5th Brigade targeted Ndebeles only
"We have heard lies being thrown around in the media. They are saying we have been captured to white-wash the gukurahundi reburial. Well let me make it clear that is not the case. Only Chiefs from Mat...Published: 30 Nov 2020 at 10:18hrs | 5469 | by Israel Dube
Govt wants Telecel, Econet, NetOne to comply
GOVERNMENT officials rebuked each other during an information communication technology (ICT) summit in Nyanga last week, with one ministry demanding explanation over delays in infrastructure sharing b...Published: 30 Nov 2020 at 06:07hrs | 1185 | by Staff reporter
Justify firing workers: High Court rules
Employers terminating a permanent employee's contract can only do so under one of four circumstances set out in the Labour Amendment Act, the High Court has ruled, rejecting an argument put forward by...Published: 30 Nov 2020 at 05:51hrs | 773 | by Staff reporter
2008 election violence victims walk away empty handed
Two MDC Alliance activists who lost livestock to Zanu-PF supporters in the violent run-up to the 2008 presidential election re-run were recently left disappointed after the court dismissed their case ...Published: 29 Nov 2020 at 19:42hrs | 832 | by Staff reporter
Zanu-PF emerges biggest winner in major scandal
THE ruling Zanu-PF, which thrives on a chokehold grip on airwaves to win elections by hook or crook, has emerged as the biggest winner in the controversial awarding of six new free-to-air licences to ...Published: 29 Nov 2020 at 19:28hrs | 788 | by Staff reporter
Black Friday flops in SA
BLACK Friday this year was a flop for South African retailers, early statistics show, with a huge decrease in in-store sales.Retailers expected reduced sales compared to 2019, as shoppers avoi...Published: 29 Nov 2020 at 15:58hrs | 1879 | by Staff reporter
Mnangagwa, Chiwenga camps clash over G40
Outbursts by a top ally of President Emmerson Mnangagwa declaring that G40 elements remain firmly within Zanu-PF's top levels have heightened fears in the party that the president's loyalists are targ...Published: 29 Nov 2020 at 07:15hrs | 7325 | by Staff reporter
Every Zimbabwean deserves secure land rights
IN 2019, Zimbabwe embarked on a long-awaited land policymaking process.The Land Policy's emphasis on gender sensitivity echoes global recognition and acknowledgement of the strategic importanc...Published: 29 Nov 2020 at 07:05hrs | 278 | by Gaynor G Paradza
Govt mounts fresh plan to save Zisco
GOVERNMENT is mounting a fresh plan on Friday to revive operations at the moribund steel maker Ziscosteel, the latest of a string of futile attempts to rebuild Africa's once largest integrated steelwo...Published: 29 Nov 2020 at 07:03hrs | 389 | by Staff reporter
Tobacco exports net US$690 million
AT least 168 million kg of tobacco worth US$688 million had been exported across the globe by November 20, Tobacco Industry Marketing Board (Timb) data showed last week.The Timb said shipments for...Published: 29 Nov 2020 at 07:02hrs | 217 | by Staff reporter
Only few heads have to roll in Midlands for sanity to prevail
In the 2018 elections ZANU PF lost in Kwekwe to a G40 kingpin the late Blackman Matambanadzo. It was not the campaign of Matambanadzo or the idiocy of Chebundo which lost the plot for ZANU PF. It was ...Published: 28 Nov 2020 at 23:46hrs | 1044 | by Dr Masimba Mavaza
Sanctions maintaining discipline on Zanu-PF
PRESIDENT Emmerson Mnangagwa must listen to what the people are saying. We have had election disputes in Zimbabwe since time immemorial. They became more pronounced in 2000 when the late MDC founding ...Published: 28 Nov 2020 at 07:16hrs | 2254 | by Worried
Mthuli's 'fantasy' budget: Here's how it will affect you
THE 2021 budget presented by the finance minister Mthuli Ncube to Parliament shows that the minister was living in a ‘fantasy world,' according to academic, Professor Austin Chakaodza."Some ...Published: 28 Nov 2020 at 07:12hrs | 3114 | by Staff reporter
Businesses dodge forex tax
Treasury has tightened measures to bring to book businesses that are dodging tax obligations in foreign currency amid concerns that most forex sales in the country are not accurately accounted for, th...Published: 28 Nov 2020 at 07:10hrs | 839 | by Staff reporter
Zimbabwe keen to rejoin Commonwealth
Government will prioritise rejoining the Commonwealth as a launch-pad to unlock international goodwill and sustain re-engagement milestones already realised through resumption of political dialogue wi...Published: 28 Nov 2020 at 07:09hrs | 420 | by Staff reporter
Mnangagwa orders US-dollar payment on foreign currency pensions
PRESIDENT Emmerson Mnangagwa Friday ordered US dollar pension pay-outs on all investments under which workers injected foreign currency.This comes after thousands of Zimbabwean workers were be...Published: 28 Nov 2020 at 07:08hrs | 17910 | by Staff reporter
'No 2021 tax clearance certificates to improperly fiscalised operators'
Zimbabwe's tax collector has threatened to withhold 2021 tax clearance certificates to all registered business operators that have not properly fiscalised as most operators are not remitting taxes in ...Published: 27 Nov 2020 at 17:23hrs | 2706 | by Staff reporter
Top lawyer sued over botched house deal
SENIOR Harare lawyer Charles Chinyama has been dragged to court by a woman, who alleges that he fraudulently transferred the title to her US$180 000 Eastlea house into his name over a US$33 000 debt....Published: 27 Nov 2020 at 17:10hrs | 511 | by Staff reporter
Mthuli Ncube reduces taxes
FINANCE minister Mthuli Ncube yesterday gave struggling workers something to cheer about ahead of the festive season when he presented his 2021 National Budget in Harare - significantly easing tax thr...Published: 27 Nov 2020 at 17:09hrs | 2587 | by Staff reporter
Depositors and pensioners to be compensated for exchange losses, says Mthuli Ncube
Depositors with small bank balances and pensioners whose savings were wiped out by currency changes last year will be compensated from a US$150 million fund, finance minister Mthuli Ncube said on Thur...Published: 27 Nov 2020 at 07:56hrs | 6693 | 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 | 3935 | by Staff reporter
Biti's sensational take on state of the Zimbabwe economy
MDC-ALLIANCE vice president Tendai Biti painted a bleak picture of the state of the economy this week in what he called the "State of the Economy Address". Many in Zimbabwe and abroad would find his t...Published: 27 Nov 2020 at 07:14hrs | 583 | by Staff reporter
RBZ swoops on foreign entities
THE Reserve Bank of Zimbabwe (RBZ) has launched an investigation into the conduct of at least 15 foreign-owned companies, which have allegedly externalised millions of United States dollars, according...Published: 27 Nov 2020 at 07:07hrs | 4351 | 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 | 328 | by Staff reporter
Mapeza back in Caf inter-club trenches
JUST over a year after he turned his back on continental inter-club football, Norman Mapeza is expected to make his return to Champions League in Mozambique tomorrow. He leads FC Platinum into...Published: 27 Nov 2020 at 07:00hrs | 235 | by Staff reporter
Adam Molai launches US$1 million venture capital fund
Businessman Adam Molai has launched a US$1 million venture capital fund aimed at providing African start-ups with the needed financing. The businessman hopes that recipients of the funds ...Published: 26 Nov 2020 at 07:58hrs | 3514 | by Staff reporter
Shot women complain against police conduct
TWO women from Hwange in Matabeleland North have petitioned the Zimbabwe Republic Police to carry out investigations into incidents in which they were allegedly shot by law enforcement officers during...Published: 26 Nov 2020 at 07:27hrs | 874 | by Staff reporter
Treasury orders refunds for exempted 2% tax transactions
Treasury has widened exemption on selected foreign currency denominated transactions from the two percent tax in response to submissions by stakeholders. Those considered would now be refunded...Published: 26 Nov 2020 at 07:11hrs | 415 | by Staff reporter
Chamisa's MDC morphs into a terrorist ragtag?
A young politician with vibrancy is what many people thought of the advocate-cum-pastor and leader of a party that some believed was the true voice of an alternative logic. Nelson Chamisa foun...Published: 26 Nov 2020 at 07:10hrs | 534 | by Dr Masimba Mavaza
Zimbabweans mend shabby dollar notes amid economic crisis
Albert Marombe takes a grimy, tattered US$1 note and delicately, expertly glues it back into one piece, holding it up for inspection."I don't care how torn it is. All I want to see is the seri...Published: 25 Nov 2020 at 06:20hrs | 6871 | by AP
ARV shortage hits Zimbabwe
A shipment of Antiretroviral (ARV) drugs meant for Zimbabwe will not be arriving in time due to Covid -19 induced delays, forcing the Ministry of Health and Child Care to reduce its six-month multi-dr...Published: 25 Nov 2020 at 06:11hrs | 2867 | by Staff reporter
Chamisa's MDC frets over infiltration
THE opposition MDC Alliance is panicking over suspicions of infiltration within its structures by suspected State agents to destabilise the party.A leaked audio recording by the MDC Alliance B...Published: 25 Nov 2020 at 04:48hrs | 5001 | by Staff reporter
Only Matabeleland and Midlands chiefs to be used for Gukurahundi genocide cover-ups
Chief THE President of the Chiefs' Council, Chief Fortune Charumbira has said only chiefs from Matabeleland and Midlands provinces whose people were affected by Gukurahundi will participate in reburia...Published: 25 Nov 2020 at 04:42hrs | 479 | by Staff reporter
1,200 defiant nurses struck off payroll
MORE than 1 200 nurses who failed to comply with a Government directive to revert to the normal working hours did not receive their November salaries and bonuses after they were struck off the payroll...Published: 25 Nov 2020 at 04:41hrs | 1179 | by Staff reporter
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