FINANCIAL SERVICES

Bank cards crime soars

AS THE country's economic rot continues to deepen, police are warning the public about a sharp increase in crime relating to bank cards. This comes as Zimbabwe continues to experience serious shortage...

By Staff reporter | Published: 29 October 2019

TELECOMS & TECHNOLOGY

Bulawayo man loses $42k through card cloning

A MAN from Bulawayo lost ZW$42 000 when his bank account was wiped clean in a case of suspected card cloning. Cloning refers to criminal duplication of one's Automated Teller Machine (ATM) cards which...

By Staff reporter | Published: 17 October 2019

MINING & RETAIL

ZCDC targets 6,12m carats production in 2020

The state-controlled Zimbabwe Consolidated Diamond Company (ZCDC) says it expects to double its diamond production to 6,12 million carats next year up from the 3,1 million carats projected for 2019.At...

By Staff reporter | Published: 06 October 2019

MINING & RETAIL

Zimbabwe to auction 500 000 carats

THE Minerals Marketing Corporation of Zimbabwe (MMCZ) says it will conduct another diamond auction before the end of the year targeting to sell between 400 000 and 500 000 carats. A fortnight ago, MMC...

By Staff reporter | Published: 27 September 2019

TRANSPORT & TOURISM

KLM Airlines in mid-air scare

A KLM airlines cargo plane yesterday dropped a flap mid-air in Chitungwiza, but landed safely at Robert Gabriel Mugabe International Airport. Civil Aviation Authority of Zimbabwe (CAAZ) public relatio...

By Staff reporter | Published: 09 July 2019

BUSINESS NEWS

Cellphone ignites fire as pair siphons fuel from car

TWO Gweru man sustained severe burns all over their bodies while vehicles worth US$9 000 were destroyed by a fire which started after one of them answered his cellphone while they were siphoning petro...

By Staff reporter | Published: 11 June 2019

BUSINESS NEWS

Mnangagwa takes on bread cartels

THE Government has moved to break the monopoly in the bread industry through resuscitation of indigenous bakeries that used to operate in various communities, a Cabinet Minister said.In his independen...

By Staff reporter | Published: 05 May 2019

BUSINESS NEWS

Bread price talks on the cards

THE Government will this week meet with bakers and millers to discuss the recent increase in bread prices which it feels is unfair and unjustified and map a way forward to come up with an affordable p...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

Man clones bank cards, swipes $69 000

A CHITUNGWIZA man on Saturday appeared at the Harare Magistrates' Court charged with unauthorised use or possession of debit cards after he allegedly cloned bank debit cards for CABS account holders a...

By Staff reporter | Published: 29 April 2019

BUSINESS NEWS

'Zimbabwe bread cartels should be probed'

THE National Consumer Rights Association (Nacora) has called upon the Competition and Tariff Commission (CTC) to investigate alleged cartels that are responsible for "speculative price increases of br...

By Staff reporter | Published: 27 April 2019

FINANCIAL SERVICES

Steward Bank partners Chinese card firm UPI for financial card services

STEWARD Bank has partnered Chinese financial services firm, UnionPay International (UPI), to provide payment services for Zimbabweans travelling between the southern African country and Beijing."Basic...

By Staff reporter | Published: 25 April 2019

POLITICS

'Mnangagwa splurges on cars, allowances for advisory council members'

PRESIDENT Emmerson Mnangagwa, has allegedly shelled out hefty trinkets to members of his advisory panel, a local pressure group has claimed.#Tajamuka/Sesijikile spokesperson Promise Mkwananzi, claime...

By newzimbabwe | Published: 24 April 2019

INDUSTRIALS & ENERGY

Car assembly plant for Kwekwe

A ZIMBABWEAN businessman, Dr Devine Mafa, who is based in the United States of America, has partnered with an unnamed international car manufacturer to set up a vehicle assembly plant in Kwekwe. In an...

By Staff reporter | Published: 06 February 2019

BUSINESS NEWS

Bank seeks Rushwaya's incarceration over $174k debt

Tetrad Investment Bank, which is under provisional judicial management, has petitioned the High Court seeking the incarceration of Kadoma gold miner, Jameson Rushwaya over a $174 000 debt.Through its ...

By Staff reporter | Published: 06 February 2019

BUSINESS NEWS

Fuel rationing on the cards

GOVERNMENT is considering rationing fuel as a measure to curb fuel shortages following a 60% increase in demand for the liquid at a time the country is hard pressed for foreign currency to pay for fue...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

Zanu-PF, MDC Alliance MPs extort govt, get luxury cars

MEMBERS of Parliament yesterday arm-twisted Finance minister Mthuli Ncube into raising their budgetary allocation by 44% and demanded the latest 4×4 luxury Toyota Land Cruisers, among other perks, de...

By Staff reporter | Published: 21 December 2018

BUSINESS NEWS

NRZ sees 9,6% increase in cargo volumes

THE National Railways of Zimbabwe (NRZ) has moved more than three million tonnes of freight cargo between January and November 2018, an increase of 9,6 percent when compared to the same period last ye...

By Staff reporter | Published: 21 December 2018

OPINION

Doctors' demands more important than chiefs' cars

IN the run-up to the July 30 elections, Zanu-PF leader President Emmerson Mnangagwa promised that he would be a listening President and that his government was going to guarantee an affordable, but vi...

By Editorial - newsday | Published: 05 December 2018

FINANCIAL SERVICES

CABS introduces prepaid MasterCard

THE Central Africa Building Society (CABS) has introduced a prepaid MasterCard as part of efforts to bring international transactional convenience to the market. Managing director, Simon Hammond, said...

By Staff reporter | Published: 05 December 2018

BUSINESS NEWS

Mthuli Ncube's blow hits car sales

CAR dealers in Bulawayo have lamented the decline in sales since Government announced that people importing vehicles will now pay duty in foreign currency. In his 2019 National Budget statement in Par...

By Staff reporter | Published: 04 December 2018

BUSINESS NEWS

Zimbabwe to screen second-hand vehicles

GOVERNMENT is working on a policy to screen all second-hand vehicles to make sure they meet minimum standards before they can be imported into the country, a Cabinet minister said yesterday. Officiall...

By Staff reporter | Published: 30 November 2018

BUSINESS NEWS

Card cloning cases rise alarmingly

POLICE have said commercial crimes are on the increase in the country with cases involving the cloning of bank cards rising sharply. Speaking on the sidelines of a multi-stakeholder meeting on Interne...

By Staff reporter | Published: 27 November 2018

OPINION

Forex duty on 'luxuries' goods, not on cars

The Government has published a list of predominantly luxury goods that, with effect from Friday, attract duty in foreign currency on importation. A variety of foods and drinks such as cheese, wines, f...

By Staff reporter | Published: 26 November 2018

BUSINESS NEWS

150 000 cars face de-registration

More than 150 000 vehicles whose owners failed to renew their licences for two years as of July 31 this year face de-registration once the notice has been published in the Government Gazette, Transpor...

By Staff reporter | Published: 26 November 2018

TRANSPORT & TOURISM

Relief for Zimbabwe car importers

The Zimbabwe Revenue Authority (Zimra) has thrown a lifeline to private motor vehicle buyers who paid for car imports on or before November 22, 2018, exempting them from mandatory duty in foreign curr...

By Staff reporter | Published: 25 November 2018
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