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Rebate on duty scammers exposed
GOVERNMENT has tightened the conditions for businesses benefiting from the rebate of duty facilities amid concerns over lack of transparency and accountability, which has seen some beneficiaries makin...Published: 6 hrs ago | 188 | by Staff reporter
Is Mnangagwa's security more important than our national security?
This country is a mighty weird place!Normally, 'weird' can be funny - if not downright hilarious - but, in Zimbabwe, 'weird' can border on ...Published: 20 hrs ago | 1663 | by Tendai Ruben Mbofana
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 234 | by Staff reporter
Power crisis pushes Blanket Mine into fresh costs
GOLD focused resources giant, Caledonia Mining Corporation says it will increase capital injections at its Zimbabwe-based Blanket Mine by 78% in 2022 due to a worsening power crisis.The New Yo...Published: 28 Nov 2021 at 08:01hrs | 91 | by Staff reporter
2 die in lightning strike
TWO people died when they were struck by lightning during a storm that hit parts of Masvingo last week.Masvingo provincial police spokesperson Inspector Kudakwashe Dhewa confirmed the incident...Published: 28 Nov 2021 at 07:59hrs | 171 | by Staff reporter
Spirit of Morrison Nyati still lives
IF you are as old as Bishop Lazi, you probably would never be able to banish the irrepressible memories of those chicken bus rides from the village to the city, or vice versa.However forgettab...Published: 28 Nov 2021 at 07:41hrs | 60 | by Staff reporter
Mnangagwa govt to borrow US$1,4bn
GOVERNMENT has announced a plan to borrow ZW$146,8 billion (about US$1,4 billion) in 2022 to fund various infrastructure development projects.This debt would add to the existing stock of US$13...Published: 26 Nov 2021 at 19:42hrs | 617 | by Staff Rporter
South African government breaking its neck
The recent verdict enacted by the South African government to decline the regeneration of the Zimbabwean Exemption Permit (ZEP) is disingenuous and unscrupulous in more ways than one.Traversin...Published: 26 Nov 2021 at 09:36hrs | 2585 | by Matthew Dube Esquire
Biti dismisses Mthuli's 2022 budget 'mediocrity'
FINANCE minister Mthuli Ncube yesterday presented a $927,3 billion budget with an ambitious gross domestic product growth projection of 5,5% for 2022, but former Finance minister Tendai Biti dismissed...Published: 26 Nov 2021 at 08:21hrs | 1836 | by Staff Reporter
Pegged exchange rate unsustainable
Zimbabwe's export receipts for the first 9 months of 2021 jumped 38% to US$6.10 billion from US$4.43 billion realized in the same period in 2020. Notable improvements have been realized in internation...Published: 24 Nov 2021 at 10:37hrs | 1642 | by Victor Bhoroma
Policy incentives to reindustrialization lacking
Zimbabwe aspires to create an upper middle income economy with a Gross Domestic Product (GDP) of US$65 billion by 2030. This vision is premised on the reindustrialization strategy where competitivenes...Published: 24 Nov 2021 at 10:35hrs | 277 | by Victor Bhoroma
Zimra warns traders over US$ transactions
THE Zimbabwe Revenue Authority (Zimra) has warned traders and businesses against fabricating financial information on transactions done in foreign currency. Zimra implored those in violation o...Published: 24 Nov 2021 at 09:01hrs | 1907 | by Staff Reporter
Innscor shells US$70m on expansion
ZIMBABWE Stock Exchange-listed blue-chip, Innscor Africa Limited, has injected about US$70 million to consolidate its expansion operations, according to the group's chairperson, Addington Chinake....Published: 23 Nov 2021 at 05:58hrs | 644 | by Staff reporter
Council tender scam backfires
A Harare man has been jailed for two years for attempting to defraud Chitungwiza Municipality of US$119 000 in a tender scam.Darlington Chirara was initially jailed for 36 months when he appea...Published: 23 Nov 2021 at 05:53hrs | 458 | by Staff reporter
US$28m in taxpayers' funds misappropriated in corrupt deal
THE Parliamentary Portfolio Committee on Lands has recommended that the police and Zimbabwe Anti-Corruption Commission investigate the Grain Millers' Association of Zimbabwe (GMAZ) and its president T...Published: 22 Nov 2021 at 06:16hrs | 888 | by Staff reporter
National Blankets halts production as tiff with Zimra escalates
TEXTILE giant National Blankets has temporarily stopped production after the manufacturing firm failed to settle a ZW$800 000 Zimbabwe Revenue Authority (ZIMRA) debt.The Bulawayo company...Published: 21 Nov 2021 at 08:51hrs | 1680 | by Staff Reporter
Zimbabwe a destination of choice in investments, says Mnangagwa
ZIMBABWE is a destination of choice in terms of investments with the country going up the ladder in the list of destinations with sound ease of doing business policies that will propel it to become an...Published: 21 Nov 2021 at 08:22hrs | 251 | by Staff Reporter
'Mine workers overtaxed'
MINE workers' unions have bemoaned overtaxing of employees in the sector saying this leaves them with little disposable income, making it difficult to survive during the current economic hardships....Published: 16 Nov 2021 at 05:43hrs | 500 | by Staff reporter
ZimPost appeals for drones
ZIMPOST acting postmaster-general Isaac Muchokonori has pleaded with Parliament to approve use of drones and robots as well as craft legislation that helps improve the country's postal, telecommunicat...Published: 16 Nov 2021 at 05:41hrs | 336 | by Staff reporter
Govt urged to accept taxes in RTGS
UNITED Refineries Limited (URL) chief executive Busisa Moyo has urged the government to accept tax payments in the local currency to increase confidence in its use.The businessman, who is also...Published: 15 Nov 2021 at 06:38hrs | 2302 | by Staff reporter
Milling company splits groceries unit
LISTED milling company, National Foods Limited, is splitting its groceries unit into the down-packed and traded goods units while US$4 million has been planned for investment into additional cereal ma...Published: 15 Nov 2021 at 05:25hrs | 421 | by Staff reporter
Smuggled minerals surpass royalties
THE value of minerals being smuggled out of Zimbabwe far outstrips the royalties that government earns annually from resources, fresh data shows last week, as calls to crackdown on black market trade ...Published: 14 Nov 2021 at 05:42hrs | 690 | by Staff reporter
MPs push for relief for informal sector
Legislators are pushing for full support to be given to informal traders in the country through flexible banking terms.Zimbabwe's informal sector has grown tremendously due to de-industrialisa...Published: 14 Nov 2021 at 05:41hrs | 118 | by Staff reporter
'Zimbabwe's economic fundamentals are strong'
THE economy is on a growth trajectory with Gross Domestic Product (GDP) projected to grow by 7,8 percent in 2021, attributed to a favourable rainfall season, higher international mineral commodity pri...Published: 14 Nov 2021 at 05:38hrs | 73 | by Professor Mthuli Ncube
Mnangagwa is a hard sell for Zimbabwe
FOR weeks on end, Zimbabweans were told that President Emmerson Mnangagwa's trip to Glasgow, Scotland, would be a major breakthrough of historic proportions.It would be the first time a leader...Published: 13 Nov 2021 at 17:46hrs | 1635 | by Staff reporter
'End Zimdollar fuel fraud'
Government has roped in the National Oil and Infrastructure Company (NOIC) to monitor the distribution of fuel imported under the Reserve Bank's foreign currency allocation facility to ensure oil firm...Published: 13 Nov 2021 at 05:55hrs | 292 | by Staff reporter
ZNCC pushes for fuel tax cuts
THE Zimbabwe National Chamber of Commerce (ZNCC) this week escalated business's push for an overhaul of the tax regime, as it warned the government that high fuel import taxes could hold back industri...Published: 13 Nov 2021 at 05:53hrs | 97 | by Staff reporter
Mthuli warns fuel dealers against rejecting Zimdollar
FINANCE minister Mthuli Ncube has warned fuel operators getting foreign currency through the Reserve Bank of Zimbabwe (RBZ) auction system that they risk losing their licenses if they continue rejecti...Published: 13 Nov 2021 at 05:53hrs | 154 | by Staff reporter
Truant ministers cripple Parly
CABINET ministers have continued dodging the parliamentary question time in both the National Assembly and Senate, thereby doing a heavy blow to Parliament's key oversight function.The Q and A...Published: 13 Nov 2021 at 05:53hrs | 62 | by Staff reporter
Chinamasa says polls a waste of resources
Zanu-PF acting national commissar Patrick Chinamasa yesterday said holding by-elections barely a year to the 2023 harmonised polls was a waste of time and resources.This came after President E...Published: 12 Nov 2021 at 05:37hrs | 5398 | by Staff reporter
Robbers hit school, shops
Armed robbery cases continue to rise across the country after robbers got away with a cumulative US$32 300 and R37 600 in five separate incidents this week, amid calls for law enforcement agencies to ...Published: 12 Nov 2021 at 05:31hrs | 349 | by Staff reporter
Mnangagwa slowly morphing into a Mugabe
DEAR President Emmerson Mnangagwa.Your Excellency, it was typical of Zanu-PF banality that its 19th National Annual People's Conference, held in Bindura last week, rubber-stamped your candidac...Published: 10 Nov 2021 at 05:36hrs | 2363 | by Cyprian M Ndawana
Zimbabweans lobby groups advocate for wealth tax
ZIMBABWE Fight Inequality Alliance, a coalition of 18 lobby groups, is advocating for government to introduce wealth tax to address economic inequality and developmental deficits in the country....Published: 10 Nov 2021 at 05:34hrs | 259 | by Staff reporter
Telecoms sector appeals for tax reduction
ZIMBABWE'S Mobile Network Operators (MNOs) have appealed to the Government to reduce multiple taxes levied on the telecommunications industry to enhance operational viability and new investments....Published: 10 Nov 2021 at 05:32hrs | 143 | by Staff reporter
Zimbabwean man gets R20 000 bail for smuggling
The trial of a 52 year-old Zimbabwean man who was recently arrested with R30 million worth of smuggled cigarettes in South Africa has been set for January 17 next year at the Polokwane Magistrate Cour...Published: 10 Nov 2021 at 05:32hrs | 206 | by Staff reporter
Harare hikes rates
Harare City Council has proposed rate hikes that will see an average high-density suburban householder paying $2 387 a month, up from the present $1 736, from January for basic services, while a low d...Published: 10 Nov 2021 at 05:31hrs | 336 | by Staff reporter
Smuggled cigarettes from Zimbabwe flood South Africa
SOUTH AFRICA's tax watchdog, the Tax Justice SA has lambasted authorities in the neighbouring country for failing to curb the smuggling of cigarettes and other counterfeit products, amid findings that...Published: 09 Nov 2021 at 17:23hrs | 507 | by Staff reporter
'Zimbabweans overtaxed'
ZIMBABWEANS are being heavily taxed, resulting in the Zimbabwe Revenue Authority (Zimra) meeting revenue collection targets despite a poor economic performance.A recent analysis on taxation by...Published: 08 Nov 2021 at 05:29hrs | 2448 | by Staff reporter
Developing countries reject coal ban proposal
PRESIDENT Mnangagwa has said developing countries including Zimbabwe rejected proposals by developed nations to abolish the use of coal fired power plants in a bid to combat climate change.The...Published: 08 Nov 2021 at 05:25hrs | 239 | by Staff reporter
Mnangagwa resorts to Mugabe tactics
A panicky president Emmerson Mnangagwa has resorted to bussing supporters to impromptu rallies as a way of creating a picture of political popularity and to intimidate internal rivals within Zanu-PF t...Published: 07 Nov 2021 at 07:55hrs | 2885 | by Staff reporter
Electricity imports cost Zimbabwe US$200 million
ZIMBABWE will spend about US$200 million for power imports this year to bridge a gap stemming out of depleted internal production, a government official has said.Gloria Magombo, the permanent ...Published: 07 Nov 2021 at 07:52hrs | 144 | by Staff reporter
Egg on face for Mnangagwa in Glasgow
The much anticipated COP26, UN Summit in Glasgow (Scotland) has turned tables upside down on ED and his entourage who were expecting merry-making at the expense of suffering tax payers back home. Inst...Published: 07 Nov 2021 at 07:18hrs | 2700 | by Zakhele Maphosa
Mnangagwa's Glasgow trip a missed opportunity
PRESIDENT Emmerson Mnangagwa's visit to Glasgow, Scotland, was a missed opportunity for Zimbabwe to meaningfully engage world leaders on climate matters, but instead he reduced the all-important summi...Published: 06 Nov 2021 at 17:58hrs | 1148 | by Staff reporter
Chiwenga hails Bulawayo for best vaccination record
VICE-PRESIDENT Dr Constantino Chiwenga yesterday hailed Bulawayo Province for the best vaccination record nationwide with over 50 percent of the population having received the first dose while over 44...Published: 06 Nov 2021 at 06:21hrs | 173 | by Staff reporter
Jail for failure to register deceased estates
Family members who fail to register the estate of a deceased relative within 14 days of death can be charged under the Administration of Estates Act with an offence that attracts a penalty of fines or...Published: 06 Nov 2021 at 06:17hrs | 321 | by Staff reporter
Zimbabwe university student juggling college and prostitution
SOME call her misguided. Others describe her as a social misfit. Others say she wants to acquire finer things on a silver platter.She is used to being called names and takes all sorts of criti...Published: 05 Nov 2021 at 17:01hrs | 2364 | by Staff reporter
Global Update: Which countries attract the most startups?
Starting a business requires guts, perseverance, and a viable idea in any country, but certain countries make it a little simpler for new businesses to get off the ground. America develops more startu...Published: 05 Nov 2021 at 11:54hrs | 399 | by Staff Reporter
Different formation structures for businesses around the world
Entrepreneurship and business ownership are highly valued in American society. Findings of the Global Entrepreneurship Monitor United States Report suggests that 75% of Americans believe that entrepre...Published: 05 Nov 2021 at 11:45hrs | 137 | by Staff Reporter
Startups News: Corporation vs LLC, The Latest Trends
The pandemic has been accompanied by a range of obstacles and challenges for most, if not all people, across the globe. Due to this many have lost their jobs and have had to find new or alternative fo...Published: 05 Nov 2021 at 11:29hrs | 140 | by Staff Reporter
Mnangagwa must take notes from Hichilema
ZAMBIAN President Hakainde Hichilema chose to cut expenses by using a commercial flight. He flew to Glasgow, Scotland, with a delegation of about 10 officials.What was the purpose of President...Published: 05 Nov 2021 at 06:47hrs | 538 | by Leonard Koni
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