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Air Zimbabwe fires 10 managers



Unconfirmed reports say the national airliner, Air Zimbabwe, has fired 10 of its senior managers in a move reportedly in line with the restructuring exercise recommended by a foreign investor that the...Read more

Air Zimbabwe fires 10 managers

01 August 2015 | 1419 Views
Unconfirmed reports say the national airliner, Air Zimbabwe, has fired 10 of its senior managers in a move reportedly in line with the restructuring exercise recommended by a foreign investor that the...

by Staff reporter

2015 Mid-term Fiscal Policy - full document

30 July 2015 | 4718 Views
Government to increase surtax on second hand vehicles aged more than 5 years from date of manufacture from 25 percent to 35 percent effect from September 1.Royalties on small scale gold miner...

by Staff reporter

Zimra misses revenue targets

26 July 2015 | 4843 Views
The Zimbabwe Revenue Authority (Zimra) says second quarter revenue figures are slightly below target as liquidity constraints continue to affect the economy.Zimra Commissioner General, Mr...

by Staff reporter

'Zimbabwe to remain in deflation'

24 July 2015 | 4396 Views
An equities firm, IH Securities says Zimbabwe is expected to remain in deflation this year due to persistent weakness in the rand, subdued demand and the price correction.IH securities sai...

by Staff reporter

Councillors demand 300% allowances hikes

23 July 2015 | 5312 Views
Kwekwe City council councillors are demanding an outrageous increase in allowances, in excess of 300 percent in order to make up for the long hours they are putting in administering the affairs of...

by Staff Reporter

US, UK investors starting to see Zimbabwe as more attractive than SA

22 July 2015 | 8350 Views
According to Fin24, South Africa better take note that business people in the US and the...

by Staff reporter

Economy flourished when Mpofu was mines minister - Zanu PF official

22 July 2015 | 7224 Views
Zanu PF youth member Fidelis Fengu has said during the time when Obert Mpofu was Mines minister the economy flourished and since he left all has nose dived insinuating that the current minister of...

by Stephen Jakes

Supreme Court ruling costs 700 jobs in 5 days

22 July 2015 | 5369 Views
Government yesterday held a crisis meeting with stakeholders during which workers proposed that Presidential Powers be invoked to protect them amid reports that over 700 have lost jobs in the las...

by Staff reporter

Zimbabwe signs US$150 Million agreements with Belarus

20 July 2015 | 4405 Views
Zimbabwe and Belarus have this afternoon signed a US$150 million Memorandum of Agreement in four areas namely road and dam construction, mining, agriculture, municipal and other equipment.Zimb...

by Staff Reporter

Zesa clears Mozambique debt

16 July 2015 | 5355 Views
ZESA Holdings, has paid off its overdue debt to Mozambique's Hydro Cahora Bassa (HCB).THE country's integrated power generation and distribution company, ZESA Holdings, has paid off its overdu...

by Staff reporter

Zim govt moots credit reference bureau

16 July 2015 | 4383 Views
RBZ Acting governor Charity Dhliwayo said government is currently working on a legal framework for establishing a credit reference bureau system in the country as it moves to expand the volume of ...

by Staff reporter

Govt launches blitz on gold producers

13 July 2015 | 4599 Views
The government has embarked on a crackdown exercise on all gold producers to ensure compliance with stipulated regulations.Official sources in the gold mining sector say the crackdown is mainl...

by Staff reporter

Low investment levels worry Mnangagwa

12 July 2015 | 4283 Views
Vice-President Emmerson Mnangagwa has expressed concern that the country to take between six to 24 months to get investment approval.He said he was giving top priority to increasing FDI inflow...

by Staff Reporter

New York Stock Exchange suspends trading in all securities

08 July 2015 | 3134 Views
Without announcement, all trading has ceased on the floor of the New York Stock Exchange.While off-floor trading is still occurring, every listing on the NYSE board is currently showing "HALT"...

by Staff reporter

Zimbabwe diamond production down 36%

07 July 2015 | 3147 Views
Diamond production in the first quarter was down 36 percent to 419 788,5 carats from 660 000 in the comparable year ago period. The downward trend is expected to continue in the short ter...

by Staff reporter

ZSE makes history

06 July 2015 | 4297 Views
The Zimbabwe Stock Exchange (ZSE) started trading online on Monday through the Automated Trading System (ATS) for the first time in history.By 09:00 on 6 July 2015, stockbrokers had already st...

by Staff reporter

Zim govt targets increasing savings

05 July 2015 | 4920 Views
The government is crafting policies to increase savings within the economy by ensuring that banks offer facilities at affordable rates.The increase in savings is critical in facilitating the g...

by Staff Reporter

State firms owe Zimra US$450m

02 July 2015 | 3528 Views
Official reports have exposed swelling defaults in a broad range of taxes due to government by 15 State firms, including the troubled ZBC and NRZ. The 15 firms accounted for nearly half a ...

by Staff reporter

Exiting dollarisation won't be easy for Zimbabwe, says UN official

30 June 2015 | 6606 Views
A United Nations Development Programme senior economic advisor in Zimbabwe Amarakoon Bandara says no country has ever been able to reintroduce its domestic currency in the history of dollarisatio...

by Staff reporter

7000 workers lose jobs in 2014

29 June 2015 | 4301 Views
A total of 7 000 employees in Zimbabwe lost their jobs through retrenchments in 2014 as the country's economy continues to weaken.fin24 reported that according to figures from the National Soc...

by Staff Reporter

Zimbabwe targets 50 tonnes of gold

22 June 2015 | 4950 Views
Minister of Finance Patrick Chinamasa told junior parliamentarians that the government was implementing measures to increase gold production in the country. Chinamasa noted that government...

by Staff reporter

'Surrender of Zimdollars instils confidence in sickly economy'

19 June 2015 | 8165 Views
CASH-STRAPPED citizens have started trooping to banks to surrender the old Zimbabwe dollar rendered useless at the adoption of the multiple currency regime in February 2009, a development analysts say...

by Sij Ncube

Thamsanqa analysing the World Economic Forum - Video

16 June 2015 | 7084 Views
Charles Aniagolu asks what the World Economic Forum will do for private sector investment in Africa with journalist, Thamsanqa Zhou.https://www.youtube.com/watch?v=J72h0wi1uashttp...

by Youtube

Zimbabwe annualised inflation ease, says ZimStat

15 June 2015 | 5124 Views
Zimbabwe's annual inflation for the month of May shed 0.05 percentage points to -2.70 percent from -2.65 percent recorded in April 2015, ZimStat has said.On a monthly basis, inflation stoo...

by Thobekile Zhou

Zimdollars worth more on eBay

12 June 2015 | 7858 Views
On online auction site eBay, a 100 trillion Zimbabwean dollar note is a collector's item fetching up to $35, a small fortune compared with the 40 US cents on offer from the central bank as it seeks to...

by Reuters

World Bank aims to make Zimbabwe more investor-friendly

12 June 2015 | 4785 Views
The World Bank's International Finance Corporation (IFC) said it is assisting Zimbabwe with regularising and improving its operating environment to attract investors and pave the way for potential...

by Staff reporter

AfDB ranks ZSE worst performer in African region

12 June 2015 | 3762 Views
Zimbabwe's stock market was ranked the worst performer in the African region for the month of March 2015 as lack of investor confidence took a toll on trade, the latest African Development Bank (A...

by Staff reporter

Worthless Zimdollar officially phased out

11 June 2015 | 11123 Views
The Zimbabwean dollar will officially be taken out of circulation, officials said Thursday, six years after hyper-inflation rendered it worthless and US dollars became the most widely-used currency....

by AFP

Zimbabwe raw sugar prices drop 8%

09 June 2015 | 4303 Views
The producer price for raw sugar in Zimbabwe this year has decreased by eight percent to $517 per tonne from last year's closing price, an official has said.At the end of the last marketing se...

by Staff reporter

Manufacturing sector capacity utilisation reaches 39%

09 June 2015 | 3887 Views
The manufacturing sector has recorded a 1,9 percentage increase in capacity utilisation to 39% driven by activities in the beverages and construction sectors, the Confederation of Zimbabwe Indust...

by Staff reporter

Zimbabwe to experience power outages of up to 16 hours a day

29 May 2015 | 4209 Views
ZIMBABWE will experience power outages for up to 16 hours a day during the winter season after demand for electricity rose to 1, 800 megawatts (MW) against current output of 1,300MW, the power uti...

by Staff reporter

VAT makes Zimbabwe expensive

27 May 2015 | 3244 Views
Zimbabwe's tourism products already cost 35 percent more than similar offerings from the region and Value Added Tax on accommodation for non-residents will worsen its profile as an expensive desti...

by Staff reporter

Zimbabwe to exit deflation in 2016

27 May 2015 | 3482 Views
Zimbabwe should move into positive inflation in 2016, with regional economists projecting an annual inflation rate of 1,5 percent by the end of 2016. The African Development Bank also estimate...

by Tawanda Musarurwa

Zimbabwe records 3.2% economic growth

26 May 2015 | 3236 Views
The African Economic Outlook 2015 said Zimbabwe's economy is set to record marginal increases in gross domestic product (GDP) this year and in 2016 on the back of a planned investment in infrastru...

by Staff reporter

Zimbabwe to rope in Chinese in SEZs infrastructure development

20 May 2015 | 3555 Views
The Government says it would like to see Chinese developers becoming heavily involved in the development of infrastructure for Special Economic Zones (SEZs) that will be set up across the country....

by Tawanda Musarurwa

'Overvalued' world markets spark interest in cheap Zimbabwe

20 May 2015 | 4559 Views
As investment managers are under pressure to find value opportunities in a reportedly overvalued global equity environment, the annual Imara Zimbabwe Investor conference will showcase the potentia...

by Staff reporter

Zimbabwe targets $1,5 billion from tourism

18 May 2015 | 2684 Views
Zimbabwe is targeting to earn $1,5 billion from the tourism sector this year, an official said on Friday.Zimbabwe Tourism Authority (ZTA) chief executive Mr Karikoga Kaseke said the country wh...

by New Ziana

Zimbabwe's pay gap above 4,000%

14 May 2015 | 4734 Views
The wage gap between Zimbabwe's highest and the lowest paid employees is slightly above 4 000%, a survey has shown.According to a survey conducted by one of Zimbabwe's leading employment consu...

by Staff reporter

Dollarisation the new normal for Zimbabwe, says RBZ

11 May 2015 | 5728 Views
Reserve Bank of Zimbabwe Governor John Mangudya says the lack of competitiveness and negative perception besetting the economy were not a currency problem, but a production phenomenon. The...

by Staff reporter

Sanctions bite IDC subsidiaries

05 May 2015 | 1481 Views
Industrial Development Corporation subsidiaries Zimbabwe Phosphates and the Zimbabwe Fertiliser Company have had over $3,5 million intercepted because of the US sanctions imposed on the country....

by Staff reporter

RBZ boss calls for an immediate further reduction in prices

25 April 2015 | 3278 Views
Reserve Bank of Zimbabwe Governor Dr John Mangudya has called for an immediate further reduction in prices of locally-produced goods if the country is to stem the influx of cheap imports and the liqui...

by Farirai Machivenyika

Zimra misses revenue targets

24 April 2015 | 5203 Views
The Zimbabwe Revenue Authority missed its first quarter revenue collection targets by 6 percent as poor economic conditions continue to affect inflows to the fiscus.Net collections amounted to...

by Staff reporter

South Africa makes billions from Zimbabwe

21 April 2015 | 9079 Views
South Africa could be the region's dominant economy but the untold story is that the country makes billions of dollars from the Zimbabwean market.Implats, Tongaat-Hulett, Multi-Choice, Old Mu...

by Staff reporter

RBZ re-orients exchange control

14 April 2015 | 2688 Views
The Reserve Bank of Zimbabwe has started re-orienting its exchange control department to become a body that facilitates a favourable doing business environment which can attract foreign direct investm...

by Staff reporter

Zimbabwe's unemployment level up 11.3%?

13 April 2015 | 1942 Views
Zimbabwe's unemployment level has risen to 11,3 percent with the majority of people moving into the informal sector particularly agriculture, the Zimbabwe National Statistics agency (Zimstat) has said...

by Staff reporter

Bond coins benefiting from slipping Rand

12 April 2015 | 3757 Views
The uptake of bond coins in Zimbabwe has improved in the past few weeks due to a positive consumer perception over their value against the United States dollar.South Africa's slipping rand has...

by Staff reporter

Zimra extends tax amnesty to June 30

10 April 2015 | 2822 Views
The Zimbabwe Revenue Authority (Zimra) has extended the Tax Amnesty window to the June 30, after the initial window expired last month, Director of finance, corporate planning and modernization, Rober...

by Staff reporter

Zimbabwe open for business, Mugabe tells SA

09 April 2015 | 5005 Views
President Robert Mugabe assured South African investors that they would not have their assets seized by his government in a nationalisation drive."I wish to assure all of you that Zimbabwe...

by ANA

50 cent bond coins to be introduced next week

24 March 2015 | 3468 Views
The Reserve Bank of Zimbabwe (RBZ) is set to avail a 50 cent bond coins next week to complement the already smaller units.Late last year, the RBZ injected minted coins imported from South Afri...

by Thobekile Zhou

Big wigs suck Zimbabwe banks dry

22 March 2015 | 4182 Views
The majority of banks that folded over the past five months choked on souring loans extended to top executives and serial debtors, The Sunday Mail reported.AfrAsia is the latest victim of toxi...

by Staff Reporter
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