BUSINESS NEWS

Fuel prices remain unchanged

THE Zimbabwe Energy Regulatory Authority (Zera) said on Saturday that the country's fuel prices remain unchanged for this week, much to the relief of motorists used to weekly price increases. This i...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

600MW Hwange plant takes shape

WORK on the expansion of the Hwange Power Station Stage 7 and 8 expansion is on track with 26 percent ground work having been covered so far, Sunday Business has learnt.The Government contracted Chine...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

The future is tech, Mnangagwa

President Mnangagwa yesterday challenged the Harare Institute of Technology (HIT) and other local universities to become centres of economic revival leveraging on technology. He said it was important ...

By Staff reporter | Published: 22 October 2019

BUSINESS NEWS

Peter Moyo wants Trevor Manuel and other Old Mutual directors jailed

Axed Old Mutual CEO Peter Moyo says there is no punishment befitting Old Mutual directors other than six months' jail time, without the option of a fine, on the contempt of court charges he lodged aga...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

High money supply keeps inflation up

The spectre of sustained high inflation remains a real threat after Zimbabwe's annual broad money grew 81 percent to $17 billion in the 12 months to July 2019 driven by growth in foreign currency acco...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

TBs appetite dries up

Zimbabwe failed to raise the targeted amount through Treasury Bills in the last two auctions, underlining the huge disconnect between inflation "realities" being experienced by investors and expectati...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

UK think tank sees Zimdollar firming

The Zimbabwe dollar is expected to largely stabilise next year before it starts firming against the US dollar on the back of growing confidence in the domestic currency.The local currency would fall t...

By Staff reporter | Published: 18 October 2019

POLITICS

Mnangagwa resists temptation to take revenge on Mugabe family

PRESIDENT Emmerson Mnangagwa has kept to his word and resisted the temptation to take revenge on former first lady Grace Mugabe who terrorised him in 2017 and also humiliated him last month after her ...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Mnangagwa targets 'troublesome' doctors

PRESIDENT Emmerson Mnangagwa yesterday threatened 'troublesome' union leaders reported to be inciting the strike by doctors at public health institutions."Last month we gave them an increment twice, b...

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

Mnangagwa encourages industries to export 20% of their produce

President Emmerson Mnangagwa (pictured) yesterday urged companies and producers to export 20% of their produce to the foreign markets, but retain 80% for local markets.Mnangagwa made the remarks while...

By Staff reporter | 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

OPINION

Mthuli Ncube cut his nose to spite his face

ZIMBABWE businesses, grappling with the realities of hyperinflation and exchange rate induced losses, have pressed the panic button over worsening macro-economic conditions in the country, with severa...

By Phillimon Mhlanga | Published: 18 October 2019

BUSINESS NEWS

Zimbabweans told to brace for more misery

THE World Bank (WB) has warned that Zimbabwe's economy faces massive turmoil unless the country gets much-needed international assistance urgently, the Daily News reported. This comes as the country i...

By Staff reporter | Published: 18 October 2019

POLITICS

MDC MPs lose allowances

PARLIAMENT has docked the allowances of opposition MDC legislators as punishment for walking out on President Emmerson Mnangagwa's State of the Nation Address (Sona) last month, the Daily News reporte...

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

Ex-Zanu-PF chef up for bashing wife

FORMER Zanu-PF central committee member Munyaradzi Right Banda was hauled before the courts for allegedly bashing his wife be- cause she had attended a friend's party. Banda, 51, was released on free ...

By Staff reporter | Published: 18 October 2019

POLITICS

MDC renews push for diaspora vote

MDC secretary for elections Jacob Mafume, pictured, has said the party will use all legal channels to make sure that people in the diaspora vote in 2023. Mafume told the Daily News that his party will...

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

Mthuli Ncube to pull a few tricks to stabilise the exchange rate

The government will pull a few tricks up its sleeves soon to stabilise the exchange rate as part of a broader task of creating a viable environment for business, Business Times reported.A team of Pres...

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

BUSINESS NEWS

Energy Perm sec under ZACC probe

The Zimbabwe Anti-Corruption Commission (Zacc) is probing Gloria Magombo, the permanent secretary of the Ministry of Energy and Power Development on allegations that she has been drawing a salary fr...

By Staff reporter | Published: 18 October 2019

POLITICS

Zimbabwe teachers to work 2 days a week

Teachers will only work two days a week and will no longer abide by the formal dress code, the Progressive Teachers' Union of Zimbabwe (PTUZ) declared on Friday.The teachers announced the industrial a...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Continued slowdown in Zimbabwe monthly inflation

Latest statistics from Zimstat show that country's monthly inflation rate was at 17.72% shedding 0.35 percentage points on the August rate of 18.07% as Government continues to target a monthly inflati...

By Staff reporter | Published: 17 October 2019
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