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Chiyangwa's farm ownership exposed after 'illegal settlers' evictions
THE eviction this week of dozens of families that had settled on Old Citrus Farm in Chinhoyi, controversially owned by property mogul Phillip Chiyangwa, has exposed the local municipality's complicity...Published: 24 Oct 2020 at 07:56hrs | 3429 | by Staff reporter
RBZ debt accumulation above US$2 billion
THE US$2,23 billion debt accumulated by the Reserve Bank of Zimbabwe (RBZ) in the 12 months since July 2019 could be grossly understated, as fresh details emerged this week indicating the central bank...Published: 23 Oct 2020 at 08:41hrs | 815 | by Staff reporter
Econet traffic volumes jump
Listed telecommunications firm, Econet Wireless Zimbabwe, says it recorded gains across voice, data and SMS metrics during the six months to August 31, 2020 as demand for such services spiked due to t...Published: 15 Oct 2020 at 06:33hrs | 539 | by Staff reporter
Outcry over steep medical aid subscriptions
MEDICAL aid companies are in the eye of a storm as policyholders are accusing them of ripping them off through drastic increases in contributions, most of which are wiping out their salaries.D...Published: 11 Oct 2020 at 10:02hrs | 190 | by Staff reporter
Zimbabwe's business climate can improve
As the Zimbabwe Stock Exchange (ZSE) puts final touches on the infrastructure needed for operations of the Victoria Falls Securities Exchange (VFEX), investors await to see if their major concerns on ...Published: 11 Oct 2020 at 09:57hrs | 169 | by Victor Bhoroma
Medical aid companies ripping policyholders off
MEDICAL aid companies are in the eye of a storm as policyholders are accusing them of ripping them off through drastic increases in contributions, most of which are wiping out their salaries.D...Published: 11 Oct 2020 at 08:00hrs | 513 | by Staff Reporter
Mnangagwa's govt detests being held to account
GOVERNMENT'S failure to answer critical questions around the procurement of Zupco buses using public funds in a deal that involves Landela Investments is indicative of a government that is averse to s...Published: 09 Oct 2020 at 10:13hrs | 1946 | by Staff reporter
Regulatory controls constrain EcoCash
ECOCASH'S parent firm, Cassava Smartech Zimbabwe Limited (CSZL) said on Tuesday that performance of the mobile money platform had been hit hard by seven major regulatory directives in the past six mon...Published: 07 Oct 2020 at 06:54hrs | 1070 | by Staff reporter
Zimbabwe struggles to pay for electricity imports, power cuts resurface
The resurfacing of power cuts across the country as the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) battles to meet national demand owing subdued production mainly at the Hwange...Published: 06 Oct 2020 at 21:21hrs | 4030 | by Staff reporter
Mthuli Ncube says Covid-19 won't hit economy as hard
Zimbabwe's finance minister said on Monday the economy would not be as severely impacted by the Covid-19 pandemic as initially feared and foreign currency inflows had shown resilience.The sout...Published: 05 Oct 2020 at 17:24hrs | 567 | by Staff reporter
UK, US in renewed calls for Zimbabwe reforms
THE United Kingdom (UK) and United States of America (US) have once again accentuated the need for Zimbabwe to implement sound political and economic reforms in order to address the country's crises a...Published: 04 Oct 2020 at 17:13hrs | 1673 | by Staff reporter
BCC implements 372% rates hike
BULAWAYO residents are expected to pay 372 percent more in rates next month as council implements a $551 million supplementary budget with tariffs expected to increase by a further 421 percent two mon...Published: 03 Oct 2020 at 08:23hrs | 338 | by Staff reporter
Zesa tariff hike hits 100% inside a week
The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) on Thursday increased domestic electricity tariffs by 50 percent, the second such raise in a week.The ZESA subsidiary - s...Published: 01 Oct 2020 at 22:07hrs | 2682 | by Staff reporter
ZESA hikes tariffs by 50%
ZIMBABWE Electricity Supply Authority (ZESA) has increased electricity tariffs by 50% with effect from September 23, 2020, a move that will see a rise in most prices, especially basic commodities....Published: 24 Sep 2020 at 05:30hrs | 2880 | by Staff reporter
Zesa seeks tariff review
Zesa Holdings wants to raise its tariffs, saying the present tariffs were now sub-economic. Acting managing director for Zimbabwe Electricity Transmission and Distribution Company (ZETDC...Published: 11 Sep 2020 at 07:08hrs | 536 | by Staff reporter
Telecoms sector reviews tariffs to hedge inflationary pressures
THE country's telecommunication companies have reviewed voice, data and SMS tariffs to keep up with rising production costs. The latest adjustment, which was approved by the industry's regulat...Published: 07 Sep 2020 at 06:29hrs | 731 | by Staff reporter
Policy implementation key in reindustrializing economy
The re-industrialization of the economy is a vital piece in the achievement of Zimbabwe's sustainable economic development goals and effective participation in the Africa Continental Free Trade Area (...Published: 05 Sep 2020 at 16:15hrs | 492 | by Victor Bhoroma
Econet hikes mobile data tariffs
Econet Wireless Zimbabwe (Econet), the country's largest mobile telecom operator, has adjusted data bundle tariffs by 60 percent after receiving the go-ahead from the industry regulator early this mon...Published: 01 Sep 2020 at 15:35hrs | 1333 | by Staff reporter
Econet mulls data bundle tariff adjustment
Zimbabwe's largest mobile telecommunications company Econet Wireless is understood to be considering a data bundle price adjustment in the wake of mounting costs and rising inflation.A source ...Published: 28 Aug 2020 at 19:43hrs | 2771 | by Staff reporter
'Chasi a victim of state capture'
FORMER energy minister Fortune Chasi (pictured)'s dramatic sacking from cabinet two weeks ago was a culmination of an intriguing plot of state capture by powerful fuel cartels, notably his spirited bu...Published: 28 Aug 2020 at 07:19hrs | 9182 | by Staff reporter
Misfortunes, fortunes of Fortune Chasi
Zimbabwe has not had power outages for most of the period under the coronavirus lockdown.Even when President Emmerson Mnangagwa's administration eased the restrictions on industry and commerce...Published: 20 Aug 2020 at 12:57hrs | 13857 | by Tawanda Karombo
Vending tariffs hike will fuel bribery: Wild
Bulawayo City Council (BCC)'s recent Hawkers and Vendors' tariff hikes, will encourage bribery and sextortion scandals as female informal traders are incapacitated to pay these fees.This came ...Published: 11 Aug 2020 at 07:34hrs | 457 | by Stephen Jakes
Corporate Governance and State Entities Decay in Zimbabwe
The unfolding corporate governance scandal at Zimbabwe Electricity Supply Authority (ZESA) provides a hint of how the country's State Entities and Parastatals (SEPs) have been run down over the years....Published: 07 Aug 2020 at 22:11hrs | 1224 | by Victor Bhoroma
Fresh details emerge in Noic pipeline saga
FRESH details have emerged that Treasury directed the state-owned National Oil and Infrastructure Company (Noic) to handpick only one firm to supply 720 million litres of fuel over 24 months, in a pro...Published: 07 Aug 2020 at 09:03hrs | 1335 | by Staff reporter
Analysis of Dual Pricing Policy (SI 185 of 2020)
The Zimbabwean government gazetted Statutory Instrument (SI) 185 of 2020 on the 24th of July 2020. The latest regulation compels sellers of various goods and services to display, quote and offer price...Published: 03 Aug 2020 at 17:05hrs | 3403 | by Victor Bhoroma
Decaying infrastructure drags Zimbabwe to Stone Age
ZIMBABWE is lagging behind other regional countries in infrastructural development and would require huge investment to build robust infrastructure and catch up with continental leaders, a new report ...Published: 02 Aug 2020 at 09:17hrs | 237 | by Staff reporter
Bulawayo water charges up by 2 000%
THE Bulawayo City Council could be forced to increase its water charges after the Zimbabwe National Water Authority (Zinwa) increased the tariffs for the Mtshabezi Dam raw water by close to 2 000 perc...Published: 02 Aug 2020 at 09:07hrs | 367 | by Staff reporter
Noic, Sakunda sucked in US$17m loan scandal
EXPLOSIVE details show that the state-owned National Oil and Infrastructure Company (Noic) was advanced by Sakunda Holdings US$17,5 million of a US$22,75 million loan agreement to buy out Lonmin's 50%...Published: 31 Jul 2020 at 08:00hrs | 3891 | by Staff reporter
Telecoms industry set to offer better service from USD-indexed tariff adjustments
Telecommunication companies operating in the country must have breathed a heavy sigh of relief last week after regulator Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) allowed...Published: 29 Jul 2020 at 09:56hrs | 605 | by Agencies
Zimbabweans to pay more to make calls
In a notice to operators on Wednesday, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said operators may now use dual pricing on their tariffs.This is in line with...Published: 27 Jul 2020 at 08:49hrs | 964 | by Staff reporter
Zimbabwe telecom operators get forex greenlight
Zimbabweans will now pay more to make calls and use the internet after the telecoms regulator authorised operators to peg their tariffs at the official exchange rate and in United States dollars....Published: 26 Jul 2020 at 11:11hrs | 2771 | by Staff reporter
More funds for Beitbridge-Harare Highway
THE Zimbabwe National Road Administration (Zinara) is working on a supplementary budget for road authorities following the recent increase in tariffs, board chairman Engineer Michael Madanha has said....Published: 23 Jul 2020 at 20:16hrs | 335 | by Staff reporter
Gweru hikes tariffs 100%
GWERU City Council has imposed an over 100% tariff hike for high-density suburbs, while those for business vary.The local authority cited the runaway inflation for the increases in a developme...Published: 14 Jul 2020 at 08:45hrs | 1480 | by Staff reporter
BCC to bill in forex
Bulawayo City Council (BCC) is considering billing residents in foreign currency and has re-adopted selling of residential stands in US dollars. The local authority, in the latest council repo...Published: 02 Jul 2020 at 18:35hrs | 1740 | by Staff reporter
Electricity tariff increase looms
The Zimbabwe Energy Regulatory Authority (ZERA) is assessing an application for an electricity tariff increase that was recently lodged by the Zimbabwe Electricity Transmission and Distribution Compan...Published: 30 Jun 2020 at 07:52hrs | 1084 | by Staff reporter
Mnangagwa must focus more on domestic issues
IT is of importance for the President Emmerson Mnangagwa-led administration to focus on local policy, things it should do for the people in realistic terms.Roads, provision of reliable, clean ...Published: 27 Jun 2020 at 08:36hrs | 251 | by Roro
Zimbabwe suspends phone based mobile money transactions - Fulltext
The Statement of Suspension on Monetary Transaction on Phone-Based Mobile Money TransactionsThe government of Zimbabwe has with immediate effect suspended all mobile money services and trading...Published: 26 Jun 2020 at 19:41hrs | 7741 | by Staff reporter
Zimbabwe's cost of living rises
ZIMBABWEAN companies and consumers are facing severe pressure from rising cost of living as well as effects of the coronavirus pandemic, analysts have warned.Consumers' real wages are being er...Published: 21 Jun 2020 at 16:59hrs | 891 | by Staff reporter
Zimbabwe risks lagging behind in digital era
ZIMBABWE risks being left behind in the digital era and this has been accelerated by the COVID-19 pandemic as local mobile network operators (MNOs) continue to charge subeconomic tariffs amid rising o...Published: 16 Jun 2020 at 09:37hrs | 142 | by Staff reporter
Axis of tribalism and African nationalism in conflict
IN the days when I was young and my political philosophy had reached its formation stage, my hero was Mhunhuwepasi Mangwende. His name has an agreeable affinity for unhu/ubuntu and its rhyme is just p...Published: 14 Jun 2020 at 10:11hrs | 271 | by Jonathan Maphenduka
Decaying infrastructure drags Zimbabwe to Stone Age
ZIMBABWE is lagging behind other regional countries in infrastructural development and would require huge investment to build robust infrastructure and catch up with continental leaders, a new report ...Published: 14 Jun 2020 at 10:05hrs | 151 | by Nyasha Chingono
Zesa tariffs go down
POWER company Zimbabwe Electricity Supply Authority (Zesa) has lowered electricity tariffs by between 11 percent and 25 percent and introduced a new low-cost tariff band that reduces electricity charg...Published: 14 Jun 2020 at 09:44hrs | 3540 | by Staff reporter
Ramaphosa minister's comments agitate Harare
THE government is seething with anger after regional powerhouse, South Africa, commented on Zimbabwe's long-running political and economic crises earlier this week.This comes after Pretoria's ...Published: 12 Jun 2020 at 18:26hrs | 1493 | by Staff reporter
$80 000 to file for divorce
COUPLES planning to divorce should first consider if they can raise a minimum of $80 000 for lawyers to handle their cases in line with new Law Society of Zimbabwe (LSZ) tariffs. The LSZ on Tu...Published: 04 Jun 2020 at 16:59hrs | 353 | by Staff reporter
Telcos want another tariff hike
Local mobile telecommunications operators have approached the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) for another upward review of tariffs. Earlier in March Pot...Published: 03 Jun 2020 at 09:47hrs | 393 | by Staff reporter
Key economic lessons for Zimbabwe from South Africa
Zimbabwe and South Africa share a long history of trade, socio-economic, political and cultural ties that span for decades. The two countries are separated by a 225km border that runs along the Limpop...Published: 01 Jun 2020 at 15:42hrs | 686 | by Smetch Sibanda
ZW$ remains our best foot forward
At the rate at the Zimbabwe dollar (ZW$) is losing its intrinsic value, it may just be a matter of time before the country dollarizes, officially or non-officially.Those pushing for dollarizat...Published: 27 May 2020 at 20:15hrs | 5696 | by Jameson Dapi
EcoCash limits ridiculously low in comparison to similar markets
THE Reserve Bank of Zimbabwe (RBZ) has been on a war path against EcoCash, one of Africa's successful mobile money service. The battle has been tariffs, barring of EcoCash agents and some crazy pronou...Published: 23 May 2020 at 08:50hrs | 1420 | by Staff reporter
Residents petition Mnangagwa over COVID-19 bailout
FIVE associations representing Gweru residents have petitioned President Emmerson Mnangagwa compelling him to give their local authority a bailout package to relieve them of the rates burden during lo...Published: 19 May 2020 at 07:56hrs | 785 | by Staff reporter
No load shedding during lockdown
The Herald Herald ReporterResidential areas are likely to continue receiving uninterrupted power during the extended lockdown period despite the recent partial re-opening of industries, a senior Gover...Published: 11 May 2020 at 08:14hrs | 425 | by Staff reporter
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