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BUSINESS NEWS

Powerless Zesa blacklists debtors

ZESA Holdings has embarked on a nationwide blitz on defaulters and is blacklisting them so that they cannot open new accounts using different addresses. In an interview, ZESA spokesperson Mr Fullard G...

By Staff reporter | Published: 05 October 2019

POLITICS

Mnangagwa govt targets Zanu-PF crooks

PRESIDENT Emmerson Mnangagwa's government has launched a fresh blitz against Zanu-PF bigwigs and other crooks who have stashed billions of United States Dollars abroad the Daily News reports. This com...

By Staff reporter | Published: 05 October 2019

POLITICS

Grace Mugabe feeling the heat

FORMER first lady Grace Mugabe is feeling the heat after artisanal miners moved onto her properties in Mazowe, following the recent move by authorities in Mashonaland Central to allow people she had d...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Fashion shops offer to dress Job Sikhala

SEVERAL clothing outlets are reportedly scrambling to dress Zengeza West legislator Job Sikhala following the circulation of pictures of him in a seemingly tiny waistcoat. Wiwa, as the Zengeza West MP...

By Staff reporter | Published: 05 October 2019

OPINION

Grace Mugabe needs protection from vultures

ZANU-PF should learn to move with the times and stop persecuting the late former president Robert Mugabe's family.Mugabe - who ruled Zimbabwe from 1980 until November 2017 when he was removed through ...

By Staff reporter | Published: 05 October 2019

CONSTRUCTION & PROPERTY

Sawanga Shopping Mall space uptake 95%

ZIMRE Property Investments (ZPI) says about 95 percent of space at its Sawanga Shopping Mall in Victoria Falls has been taken up due to the growing confidence in the upmarket project.ZPI completed the...

By Staff reporter | Published: 05 October 2019

INDUSTRIALS & ENERGY

Lafarge Zimbabwe defies economic challenges

ZIMBABWE Stock Exchange listed cement producer, Lafarge Zimbabwe Limited, swung to profitability in the six months to June this year against a loss in the prior comparative period thanks to good volum...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

No Treasury bailout for small Zimbabwe city

Finance Minister, Mthuli Ncube, this week revealed that there would be no rescue package for the City of Kwekwe to avert a water crisis in the short term due to serious complexities.But the failure to...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Economic woes bite Zimbabwe's real estate

Zimbabwe's real estate firms are battling for survival as they continue to be weighed down by soaring inflation and rising voids, industry players have indicated.They say persistently high inflation, ...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Zimdollar, rand parity reignites debate

The Zimbabwe dollar and South Africa's Rand (ZAR) have held par for almost two weeks now, reigniting debate on whether monetary authorities should re-consider adopting the rand as a functional currenc...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Mnangagwa goes after currency manipulators

Zimbabwe's currency has taken relentless buffeting from surreptitious activities of only a few cash barons who are carelessly manipulating exchange rates on the foreign currency market with impunity, ...

By Staff reporter | Published: 05 October 2019

FINANCIAL SERVICES

'Bureaus not allowed to transact with corporates'

Bureaux de Change are not allowed to transact with corporates or enter into twining arrangements with customers to prefund foreign currency purchases, according to a directive from the Reserve Bank of...

By Staff reporter | Published: 05 October 2019

FINANCIAL SERVICES

Morgan & Co launches research app

Morgan & Co, a securities firm yesterday launched a research app that offers interaction between the capital markets and investors.The Morgan & Co Research App is meant to simplify the investm...

By Staff reporter | Published: 05 October 2019

BUSINESS NEWS

Zesa announces shock tariffs hike

HARD-PRESSED Zimbabweans will have to pay more for their power after Zesa Holdings hiked tariffs by a staggering 583 percent in a move set to trigger further rises in prices of goods and services in t...

By Staff reporter | Published: 05 October 2019

POLITICS

Tagwirei in trouble

Fuel Industry tycoon, Kuda Tagwirei is under pressure from parliament, to account for nearly $2bn in taxpayers funds that were used under the Command Agriculture Programme amid concerns of a veil of s...

By Staff reporter | Published: 05 October 2019

TELECOMS & TECHNOLOGY

Zimbabwean mobile operators enhance security at base stations

Zimbabwean operators have tightened security at their base stations amid rising numbers of cases of theft, vandalism, robberies and assaults on personnel at the sites, 263Chat reported. Mobile network...

By Staff reporter | Published: 04 October 2019

MINING & RETAIL

BNC disposes majority stake

AN unnamed local investor has snapped up majority shareholding amounting to 74,73 percent at Bindura Nickel Corporation (BNC) through a sale and purchase agreement. BNC company secretary, Mr Muchadeyi...

By Staff reporter | Published: 04 October 2019

FINANCIAL SERVICES

RBZ floats $300m additional TBs

THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fourth batch of treasury bills (TBs), this time seeking to raise ZWL$300 million to finance Government programmes. The latest...

By Staff reporter | Published: 04 October 2019

LANDS & AGRICULTURE

Cassava launches Vaya tractor services

Zimbabwe Stock Exchange-listed entity Cassava Smartech has once again, in its series of platforms, launched the Vaya tractor services to add to its Eco-farmer portfolio. The service was officially lau...

By Staff reporter | Published: 04 October 2019

ZIMBABWE

ZSE stocks recover by 40%

Stocks recovered by 40 percent in the month of September on the back of firming demand as risk aversion set in on the back of inflationary pressures and run-away exchange rate on the parallel market. ...

By Staff reporter | Published: 04 October 2019

INDUSTRIALS & ENERGY

Another Zesa tariff hike looms

THE Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has applied to the Zimbabwe Energy Regulatory Authority (Zera) seeking another adjustment of electricity tariffs, saying the curr...

By Staff reporter | Published: 04 October 2019

ZIMBABWE

Resurgent ZSE recovers in September

The ZSE added $8.78 billion in value during September as the local bourse closed the month 40% higher and the third quarter 14% higher. Overall, in nominal terms the month yielded 45 gainers and 3 fal...

By Staff reporter | Published: 04 October 2019

BUSINESS NEWS

High Court sets EcoCash hearing date

The High Court on Wednesday set Friday as the date when it will hear the case in which the Reserve Bank of Zimbabwe (RBZ) ban on mobile money cash-in and cash-out services is being challenged.Cassava ...

By New Ziana | Published: 04 October 2019

BUSINESS NEWS

Mnangagwa to open ZMF conference

President Emmerson Mnangagwa is expected to deliver a keynote address at the Zimbabwe Miners Federation (ZMF) annual general meeting scheduled for November 5 to 6 at the Gweru Convention Centre in G...

By New Ziana | Published: 04 October 2019

INDUSTRIALS & ENERGY

Petrotrade declares $1.5 million dividend

Government-owned oil company, Petrotrade declared a $1.56 million dividend at the end of its 2018 financial year after managing to improve its profitability during the period, the company said on Thur...

By New Ziana | Published: 04 October 2019
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