POLITICS

Mnangagwa halts Mugabe mausoleum construction

GOVERNMENT has stopped construction of what was supposed to be late former President Robert Mugabe's mausoleum at the National Heroes Acre two days after he was buried at his rural Zvimba home, NewZim...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

RBZ clamps down on illegal cash deals

THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to extort cash from members of the public. Further, the ...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

Zimbabwe's poverty datum line increases by 13%

Zimbabwe's poverty datum line has increased by a further 13 percent for the month of August to more than 1 800 dollars resulting in continued deteriorating purchasing power for the majority.The povert...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

POSB edges closer to privatisation

THE People's Own Savings Bank (POSB)'s chairperson Mathilda Dzumbunu says the bank's partial privatisation has moved an inch closer amid revelations that a transaction advisory services consultant was...

By Staff reporter | Published: 01 October 2019

BUSINESS NEWS

Zimbabwe Reserve Bank bans mobile money agencies

In what analysts have described as a major blow to the advent of mobile money and financial inclusion, the Zimbabwean central bank has banned mobile money agencies from facilitating cash withdrawals o...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Innscor's revenue breaches $1bn mark

Diversified Industrial conglomerate, Innscor Africa Limited defied the challenging economic environment and reported a surge in profitability for the year to June 30, 2019, on good product mix and vol...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

RBZ works on Fintech strategy

The Reserve Bank of Zimbabwe in partnership with other stakeholders is working on a National Fintech Strategy and has already put in place an Interagency Fintech Working Group that is expected to play...

By Staff reporter | Published: 30 September 2019

POLITICS

'Change is coming,' says Chamisa

Nelson Chamisa hailed the MDC as "the bravest, strongest and most consistent" party as the opposition movement marked its 20-year anniversary at Rufaro Stadium on Saturday.Chamisa said the MDC bore sc...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Command Agriculture facing financial challenges

LAST week, the Government of Zimbabwe announced that its Command Agriculture programme shall look to be financed by the banking sector. The country's planting season is already upon us. Field preparat...

By Chris Chenga | Published: 30 September 2019

BUSINESS NEWS

RBZ bans Cash In and Out with immediate effect

The Reserve Bank of Zimbabwe has directed mobile payment system providers and merchants to discontinue cash in and cash out with immediate effect while it has also directed economic agents to disconti...

By Staff reporter | Published: 30 September 2019

BUSINESS NEWS

Zimbabwe enforces exclusive use of Zimdollar for domestic transactions

Government has reinforced legislation which formalised the use of local currency by empowering the Reserve Bank of Zimbabwe (RBZ) to issue civil penalties for contravention and also applying criminal ...

By Staff reporter | Published: 28 September 2019

POLITICS

Mugabe body smuggled out to Zvimba in Mnangagwa's absence

ZANU PF has confirmed being betrayed by late former President Robert Mugabe's family which secretly wheeled the ex-leader's body to Zvimba Thursday for a private burial Saturday.Mugabe's party said in...

By Staff reporter | Published: 28 September 2019

POLITICS

'Mugabe's burial place was never negotiable'

Despite weeks of controversy and confusion regarding the burial of former Zimbabwean president Robert Mugabe, the decision was finally taken to bury him at his rural village at Kutama in Zvimba distri...

By Staff reporter | Published: 28 September 2019

BUSINESS NEWS

Zimbabwe teachers renew fight for improved salaries

RURAL teachers have threatened fresh protests to push the government to improve their salaries.Amalgamated Rural Teachers' Union of Zimbabwe (Artuz) president Obert Masaraure said salaries for civil s...

By Staff reporter | Published: 28 September 2019

POLITICS

Mugabe buried in low-key ceremony

The body of Zimbabwe's former president Robert Mugabe was buried on Saturday in his rural village of Kutama, an AFP reporter at the scene said.The family of Mugabe gathered in his rural homestead, thr...

By Staff reporter | Published: 28 September 2019

BUSINESS NEWS

Chartered secretary's role in governance remains important

The chartered secretary's role is just as important today as it was when the profession first emerged after the establishment of limited companies in the nineteenth century, the director general of th...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zimra sweats over tax defaulters

THE Zimbabwe Revenue Authority (Zimra) is sweating over the fiscalisation of companies after it emerged that some entities have not connected the recording of their taxable transactions on the fiscal ...

By Staff reporter | Published: 27 September 2019

POLITICS

Mangudya summoned to court

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya was yesterday summoned by a Harare magistrate Lazini Ncube to testify in a matter where Kwekwe businessman Shepherd Tundiya is facing charges of d...

By Staff reporter | Published: 27 September 2019

POLITICS

Grace kicks out Zvimba chiefs from Mugabe mansion

TRADITIONAL leaders from Zvimba were on Friday reportedly kicked out of the late former President Robert Mugabe's Blue Roof mansion by the ex-leader's widow Grace as the feud over the final resting pl...

By Staff reporter | Published: 27 September 2019

EDUCATION

Zimbabwe School of Mines boss fired

Zimbabwe School of Mines chief executive officer Dzingirai Tusai has been fired.The ZSM board, which sent Tusai on forced leave in May last year to pave way for investigations into corruption allegati...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Matebeleland region to receive normal rainfall

MATEBELELAND region will experience normal to below normal rainfall in the first and second period of the rainy season, the Meteorological Department said yesterday.Climate change has resulted in weat...

By Staff reporter | Published: 27 September 2019

POLITICS

MDC Midlands frets over partisan food distribution

MDC Midlands province has raised the red flag over alleged politicisation of food aid in parts of Gokwe district where villagers are facing drought-induced hunger.Government, in conjunction with some ...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Zambian arrested for smuggling emeralds

A 33-year-old man from Lusaka, Zambia, has appeared at the Zvishavane Magistrates' Court for smuggling emeralds from Mberengwa.Harrison Kazhoka of Kaunda Square, Lusaka, is facing charges of illegal p...

By Staff reporter | Published: 27 September 2019

POLITICS

Anti-graft prosecutor calls for stiffer penalties

Presidential anti-corruption special prosecution unit head Tabani Mpofu has called for stiffer penalties on people convicted of graft in order to effectively deal with the scourge, which he said is co...

By Staff reporter | Published: 27 September 2019

BUSINESS NEWS

Govt tightens screws on bread prices

The government has tightened its monitoring mechanisms on subsidised bread-making flour to millers and bakers to avoid unjustified bread price increases.This comes after several reports of some "baker...

By Staff reporter | Published: 27 September 2019
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