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ZSE TODAY

ZSE to introduce ETFs this quarter

The Zimbabwe Stock Exchange (ZSE) says it will introduce the much anticipated Exchange Traded Funds (ETFs) this quarter as part of its concerted efforts to improve product offering to the market.In Ap...

By Staff reporter | Published: 17 October 2019

ZSE TODAY

Rising market activity sees 124 new accounts opened on the CSD in September

A total of 124 new accounts were opened on the Central Securities Depository in September, bringing the total number of accounts that have been opened to 26,845. This is against the historical peak of...

By Staff reporter | Published: 17 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

BUSINESS NEWS

ICAZ to hold IAS29 workshops

Zimbabwe's economy is now considered hyperinflationary for accounting purposes under International Financial Reporting Standards, a determination that requires companies to account, monitor inflation ...

By Staff reporter | Published: 17 October 2019

MINING & RETAIL

ZIMRA delays Prospect's bid to increase stake in Arcadia

Prospect Resources says a Zimbabwe Revenue Authority (ZIMRA) clearance certificate is the only remaining consent required to complete the transaction of increasing its stake in Arcadia Lithium Project...

By Staff reporter | Published: 17 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

ZSE TODAY

Mid-tier stocks drive ZSE to a marginal gain

The ZSE gained 0.07% as marginal losses in the big caps were offset by moderate gains in mid-tier stocks pushed by small trades. The session yielded eleven gainers and six fallers, with the Old Mutual...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Zimbabwe pushes for US$14 bln export earnings by 2030 in National Export Strategy

Government through the National Trade Policy and Export Strategy blueprint is targeting to grow Zimbabwe's export by 10% annually to US$6.4 billion in 2023 and ultimately to US$12.4 billion by 2030 fr...

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

No pay for some striking doctors

GOVERNMENT has reportedly docked the salaries of some striking doctors who downed tools 47 days ago and refused to go back to work even after the Labour Court declared their job action unlawful. Zimba...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Nurses to report for duty once a week

NURSES, who recently declared incapacitation, have resolved to report for duty once a week, a situation that will worsen further service delivery at public hospitals that were also deserted by doctors...

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

SOCCER

Bosso express gratitude to Ezra Tshisa Sibanda

HIGHLANDERS chairperson Kenneth Mhlophe has praised United Kingdom-based radio personality Ezra "Tshisa" Sibanda for his crowd-funding efforts to help the Bulawayo giants. While the Daily News could n...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Zimbabwe delegation in India

INFORMATION Communication Technology (ICT) ministry has facilitated attendance of a high-tech India Mobile Congress (IMC) 2019 to tap into the Asian giant's technological advances and lure investors i...

By Staff reporter | Published: 17 October 2019

POLITICS

Credibility of Zimbabwe-led poll observer mission queried

BOTSWANA Movement for Democracy (BMD) president Sydney Pilane has said Zimbabwe, whose 2018 harmonised elections were disputed, has no moral authority to lead the Sadc Election Observer Mission (Seom)...

By Staff reporter | Published: 17 October 2019

BUSINESS NEWS

Hundreds attend Bulawayo Amazing Voices auditions

AUDITIONS for the Zimbabwe leg of the Old Mutual Amazing Voices singing competition kicked off in Bulawayo at the Large City Hall yesterday with hundreds flocking the venue to try their luck. Among th...

By Staff reporter | Published: 17 October 2019

TELECOMS & TECHNOLOGY

Zimbabwe govt moves to close digital gap

ZIMBABWE is making strides to close the digital divide between the country and the developed world by providing Internet access to marginalised areas, an official has said. Postal and Telecommunicatio...

By Staff reporter | Published: 17 October 2019

POLITICS

Zanu-PF suspends Harare, Bulawayo restructuring

ZANU-PF has suspended its restructuring of Harare and Bulawayo provinces despite completing the setting up of district coordinating com- mittees (DCCs) in the capital city. Last weekend, the ruling pa...

By Staff reporter | Published: 17 October 2019

POLITICS

Mnangagwa, Chamisa could meet soon

ZANU-PF and MDC bigwigs have held a meeting to initiate dialogue between the two parties raising hopes that the much-needed direct talks between President Emmerson Mnangagwa and opposition leader Nels...

By Staff reporter | Published: 17 October 2019

POLITICS

Critical day for Chamisa, MDC

THE Supreme Court is today expected to either affirm or reject opposition leader Nelson Chamisa's stewardship of the MDC, the Daily News reports. This follows an appeal against High Court judge Edith ...

By Staff reporter | Published: 17 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

BUSINESS NEWS

Zimbabwe declares war on cybercrime

The threat of cyber crime to national critical infrastructure calls for tough response mechanisms to the danger that is on the rise globally, a Cabinet minister has said. Cyber criminals seek to explo...

By Staff reporter | Published: 17 October 2019

INDUSTRIALS & ENERGY

Hwange 7 & 8 expansion 21% complete

The Hwange Thermal Power Station expansion project is now 21 percent complete, with the first unit set to be commissioned by the end of the first quarter next year. This was said by Finance and Econom...

By Staff reporter | Published: 17 October 2019

ECONOMC INDICATORS

Trade deficit widens to US$718m despite 15% rise in export earnings for August

According to the latest Zimstat statistics, Zimbabwe's 2019 trade deficit widened to US$718 million at the end of August, although the monthly deficit fell by 33% to US$39 million from US$58 million i...

By Staff reporter | Published: 14 October 2019
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