AFRICA BUSINESS

SA losing US$62 billion a year due to illicit financial flows

South Africa is losing more than US$62 billion a year because of illicit financial flows (IFFs), which could be used to fund the building of schools, hospitals and safer roads.This was highlighted at ...

By Staff reporter | Published: 12 September 2023

INDUSTRIALS & ENERGY

Cooking oil industry engages RBZ

The cooking oil industry has engaged the Reserve Bank of Zimbabwe (RBZ) to review the weekly allocation of US$500 000 per member at a time when the edible price has more than doubled due to opening up...

By Staff reporter | Published: 02 June 2022

ZSE TODAY

Stocks back in negative territory on Simbisa, Innscor

The stock market made a marginal swing back to negative territory weighed down by losses in Simbisa and Innscor although the market breadth was positive, as stocks remain a safe haven in this crisis p...

By Staff reporter | Published: 22 April 2020

INDUSTRIALS & ENERGY

Willdale sales volumes in 5 months to Feb grow 10%

Willdale says sales volumes in the five months to February are 10% above prior year while profitability in the period has grown above the inflation rate due to an effective pricing mechanism and cost ...

By Staff reporter | Published: 19 March 2020

ECONOMC INDICATORS

Zimstat says Zimbabwe unemployment rate at 16%

About 1.2 million people in Zimbabwe have given up on securing employment, the Zimbabwe National Statistics Agency (Zimstat) has said as it reported that the national unemployment rate stood at 16 per...

By Staff reporter | Published: 17 March 2020

BUSINESS NEWS

All deposit classes now indexed to treasury bill yields, say Mthuli Ncube

Government has gazetted a statutory instrument which directs that all classes of deposits in the banking system, should be indexed to treasury bill yields as part of efforts to promote fair compensati...

By Staff reporter | Published: 13 March 2020

BUSINESS NEWS

ZETDC vending system crashes

THE Zimbabwe Transmission Distribution Company (ZETDC) has directed consumers to revert to physical banking halls to purchase electricity tokens following technical glitches which have crippled its pr...

By Staff reporter | Published: 29 October 2019

BUSINESS NEWS

'Sanctions to blame for outdated ICT infrastructure'

THE country requires robust state-of-the-art infrastructure for ICTs to be competitive in line with the global trends, Information Communication Technology and Courier Services Minister Kazembe Kazemb...

By Staff reporter | Published: 29 October 2019

BUSINESS NEWS

Chasi proposes 30-year sentence for Zesa vandals

Energy and Power Development Minister Fortune Chasi has proposed a 30-year mandatory prison sentence for vandalising ZESA infrastructure. This comes after the power utility has suffered losses amounti...

By Staff reporter | Published: 29 October 2019

OPINION

Anti-sanctions march a wake-up call for Mnangagwa

THERE is palpable anger in the country against President Emmerson Mnangagwa and his inept government. People are bitter that their standard of living has plummeted to laughable levels in the past two ...

By Staff reporter | Published: 28 October 2019

MINING & RETAIL

Tharisa Zimbabwe asset gets Special Economic Zone status

Tharisa PLC on Tuesday said land on which it has special mining grants in Zimbabwe has been designated a special economic zone.A 50,667-hectare area has been given the designation, miner Tharisa said,...

By Alliance News | Published: 22 October 2019

POLITICS

Mnangagwa accuses the clerics of being biased towards Chamisa

AS ZIMBABWE's political and economic crisis deepens, President Emmerson Mnangagwa has suggested that the church is taking sides in the turmoil - while also savaging opposition leader Nelson Chamisa fo...

By Staff reporter | Published: 22 October 2019

POLITICS

'Public assaults on Zimbabwe police on the rise'

THE Zimbabwe Republic Police (ZRP) has claimed there is an increase in cases of assault of its members by the public, a development the law enforcement body has described as disturbing.National police...

By Staff reporter | Published: 22 October 2019

ZIMBABWE

ZSE stocks incredibly cheap, says Imara

The Zimbabwe Stock Exchange (ZSE) is incredibly cheap at the moment and provides a viable and liquid hedge for long term savings such as pension funds, which are at risk of being wiped out by raving i...

By Staff reporter | Published: 18 October 2019

FINANCIAL SERVICES

'Banks should focus on savings deposits'

RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors of agricu...

By Staff reporter | Published: 18 October 2019

OPINION

Stacking the odds against Cassava Smartech's Sasai

Cassava Smartech, an Econet spinoff, recently launched Sasai, a mobile application which mirrors China's WeChat. Of course, it is a first by Africa, but odds are highly-staked against its success.Ther...

By Respect Gwenzi | Published: 18 October 2019

BUSINESS NEWS

Energy ministry secretary grilled over Zesa rebundling, tariffs

MINISTRY of Energy secretary Gloria Magombo was yesterday grilled by Parliament over issues of rebundling of Zesa with MPs questioning why an institution that was recently unbundled was now being rebu...

By Staff reporter | Published: 18 October 2019

POLITICS

Chamisa appeal continues today

THE hearing of a Supreme Court appeal by MDC leader Nelson Chamisa in which he is seeking to overturn a High Court ruling nullifying his presidency of the country's biggest opposition party continues ...

By Staff reporter | Published: 18 October 2019

POLITICS

Zanu-PF, MDC square off over sanctions

ZANU-PF and MDC are engaged in a battle of wits over next week's anti-sanctions day after the parties lined up events to support and denounce the Southern African Development Community (Sadc). This co...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Zesa announces more load shedding

ZIMBABWEANS should brace for worse load shedding following "severe supply constraints" being experienced at South African power utility Eskom. The national power utility advised consumers about the la...

By Staff reporter | Published: 18 October 2019

POLITICS

Mnangagwa, Chamisa under immense pressure to dialogue

President Emmerson Mnangagwa and opposition leader Nelson Chamisa have come under immense pressure to dialogue Zimbabwe's way out of the economic meltdown with analysts saying that was the only soluti...

By Staff reporter | Published: 18 October 2019

ZIMBABWE

IMF says Zimbabwe economy to contract 7.1% in 2019

The International Monetary Fund is projecting Zimbabwe's economy to contract 7.1% in 2019 but will recover in 2020 to a moderate growth of 2.7% and 2.2% in 2021.  The projections are in line with...

By Staff reporter | Published: 17 October 2019

TELECOMS & TECHNOLOGY

Telecel Zimbabwe shares saga rages on

THE battle for shares in Telecel Zimbabwe (Private) Limited between a war veterans organisation Magamba Echimurenga Housing Trust and businessman James Makamba and nine other entities, has been set do...

By Staff reporter | Published: 17 October 2019

POLITICS

Zanu-PF, MDC big guns push for Mnangagwa, Chamisa talks

MANY Zimbabweans have welcomed the tentative moves to end months of political brawling in the country between President Emmerson Mnangagwa and opposition leader Nelson Chamisa - through the holding of...

By Staff reporter | Published: 17 October 2019

POLITICS

Chamisa appoints anti-graft panel

OPPOSITION MDC leader Nelson Chamisa has appointed a five-member integrity and accountability panel to investigate cases of corruption in local authorities led by his party.Addressing journalists at t...

By Staff reporter | Published: 17 October 2019
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