In an interview with Business Digest, Airports Company of Zimbabwe (ACZ) chief executive officer (CEO) Tawanda Gusha said Airlink had already increased flights from South Africa into Harare.
The annual inflation rate hit 256% last month, from 191% in July, after headwinds including exchange rate volatilities hit the southern African country.
“We have been working with the regulator the Securities and Exchange Commission and we have a way forward. We hope that we will be able to reveal it in a month or two,” Bgoni said.
Morgan & Co THE Minister of Finance and Economic Development presented the 2022 Mid-Term Budget and Economic Review on July 28 2022 that provided an update on the performance of the economy and the progress on the 2022 budget implementation during the first half of the year. The presentation was done under the 2022 Budget […]
As reported by this publication on August 5 2022, failure by the central government to disburse funding to roll out key capital projects has rendered the city ineffectual to deliver social services.
“At the time of loss, the said tobacco was insured by the defendant (Alliance Insurance), an insurance company, in terms of an agreement of insurance between plaintiff (Chinamasa) and defendant,” read part of the summons written by Chinamasa’s lawyers — Munangati and Associates.
Remember Zimbabwe continues to lag behind in regional economics, particularly in manufactured exports, regional infrastructure and cross-border trade. Zambia which used to be our traditional consumer of manufactured exports has now forged other regional relations which leaves Zimbabwe to explore other opportunities elsewhere.
Chimanikire was awarded the Director of the Year award and the Director of the Year in the “Large and Listed Companies” category.
The monitoring system would look after Zimbabwe’s interests to prevent abuse by foreign investors amid reports that some Chinese companies were flouting the country’s tax laws.
It is an honour to be joining the Moti Group. I have been in touch with Zunaid Moti for almost a year. I intend to bring a complete reconfiguration of the group with a new outlook and a new way of doing things. Remember there were certain negative issues associated with the group. I wish to make sure there is a new image attached to the group going forward.
The cabinet resolution to terminate the Zimbabwe Exemption Permits (ZEP) received overwhelming support from the ruling African National Congress (ANC).
Documents obtained by the Zimbabwe Independent showed the botched deal had already cost Zesco US$40 million after it was forced to scout for new takers at a loss.
The Judicial Ethics Advisory Committee deals with ethical and integrity issues within the commission. It was set up to fight corruption internally. Top lawyer, Advocate Thabani Mpofu, who represented Delta last year in the matter heard before Justice Chinamora, lodged a complaint against the High Court judge early this year for alleged conflict of interest in the legal dispute won by Blakey Plastics.
The two mines are owned by Metallon Corporation Group, Redwing Mining Company through King’s Daughter Mining Company, which is a subsidiary of pan-African natural resources company, Metallon Corporation.
Lawyers representing the applicants (Zimind Publishers and TIZ), Atherstone and Cook Legal Practitioners this week said the seven days had lapsed without the ministers of Local Government and Public Works (July Moyo) and Finance and Economic Development (Mthuli Ncube), who are cited as respondents, sending written responses as was ordered by High Court judge Justice Joseph Mafusire a fortnight ago.
In October 2020, data detailing problems affecting state-owned firms said their contribution to gross domestic product (GDP) had slowed to 12%. State entities used to contribute 40% to the GDP. In yesterday’s 2022 mid-term economic review and supplementary budget, Ncube said the World Bank and the African Development Bank (AfBD) had scaled up their interventions.
The discussions follow the announcement by the Reserve Bank of Zimbabwe (RBZ) that it will soon avail 22 carat gold coins, weighing 33,93 grammes, to be sold to the market starting July 25.
CHINESE chrome miner Afrochine has underscored that it has no intentions to start operations in Mavuradonha due to what it cited as “toxic media attention” against the entity and perceived anti-investor sentiments. The company, which also mines chrome in Selous, holds vast claims of chrome in Mavuradonha. Mavuradonha, a natural habitat of wildlife, has been […]
Imagine a call from the school telling a parent that his/her child is not feeling well, and instantly, images of the cost of collecting the pupil from school flash through the parent’s mind. Hard on the heels is the realisation that even after bringing the child home, they may not be able to do anything about the child’s treatment.
Overtures by China, which will soon be handing over the parliament building situated in Mt Hampden, about 18 kilometres from the capital Harare, are meant to calm fears that the Asian giant has intentions to snoop on Zimbabwe.
Some civil servants last week wrote a petition to Public Service Commission chairperson Vincent Hungwe and copied it to all service commissions to stop an attempt to take over Psmas, calling for the holding of the 2020 AGM without conditions.
The project is one of the many which Sunshine Developments is working on in a private public-partnership with the City of Harare.
However, RBZ governor John Mangudya said: “The purpose of tightening monetary policy is to align the policy rate to inflation. The Bank did not violate the common law of the in duplum rule as the policy is a short and sharp reaction to correct inflationary pressures. The total amount of arrear interest on loans has not yet accrued to amounts equal to the outstanding principal debts”.
In a management meeting held on Tuesday, Moyo announced his departure from the ministry after serving for four years since his appointment in 2018.
Death threats were exchanged between the militant leader of the Economic Freedom Fighters (EFF), a far-left opposition party in South Africa led by Julius Malema, and Malian lawmaker Ali Kone.
This comes at a time when revenue leakages have also been buoyed by malfunctioning accounting packages and lack of robust audit systems.
Last week, teachers were once again shocked after their bank accounts were credited with paltry amounts that are far less than a monthly family food basket of six pegged at about ZW$110 000 (US$297). This was after similar deductions were done in May.
This will be done through the recently launched Chairperson’s Forum in Zimbabwe platform which seeks to provide the modern chair with a full spectrum of corporate governance. The platform also aims to capacitate leaders of all sectors of the economy, large and listed companies, state-owned enterprises (SOEs) and parastatals, non-governmental organisations (NGOs), and civil society organisations (CSOs), and small and medium-sized organisations.
There are also concerns by observers that the government is failing to play its oversight role through championing the appointment of substantive directors in various departments at the Harare City Council.
The ownership wrangle over mining claims that has gripped the country involves foreign companies, raising speculation of a possible fresh rush for mineral concessions.
Bhachi confronted the herd which comprised 10 elephants as he attempted to salvage a maize crop that survived Cyclone Ana which hit the area early in the year.
The index is published by the Institute for Economics and Peace (IEP), which is an independent, non-partisan, non-profit think-tank dedicated to shifting the world’s focus to peace and tangible measure of human well-being.
Cases involving defrauding of land seekers have been on the increase in the past five years amid calls for the government to craft watertight laws to govern land sales.
The city fathers are allegedly demanding United States dollar payments for traffic fines.
“The stock of total Public and Publicly Guaranteed (PPG) debt (domestic and external) amounted to ZWL$1,86 trillion as at end of December 2021, including RBZ external debt and compensation of former farm owners,” ZPDMO said in the 2021 Annual Debt Bulletin.
“We are also going to look at Binga airport in the not too distant future. Beitbridge aerodrome is currently operational and there is an arrangement between all the stakeholders from security agents, immigration, Zimra, and Caaz,” Gusha said. “So there is activity going on. Beitbridge Council is active in that regard and we hope to work with all the other councils to revive council aerodromes that are of strategic importance.”
We are proud to announce the completion of an advanced platform to effectively support the telecom regulator of Zimbabwe, Potraz, in crucial aspects of its mandate. The setup phase began in 2021 and the experience has been positive.
The sprawling estate, formerly known as Foyle Farm before the property was parceled to the Agricultural and Rural Development Authority (Arda) by the then Agriculture ministry, measures 1 200 hectares.
The asset was sold to Eagle Owl JNP, a company registered in Mauritius and owned by Kasada Hospitality Fund LP, an affiliate of Kasada GP Limited, according to sources who said the buyer has the backing of the Qatar Investment Authority.
There was a big deal made from farmers who supported the opposition party but in an ordinary country, democracy is allowed to prevail. There was nothing illegal in writing cheques to the opposition parties but we realised there was no democracy. The ruling party was out to destroy the opposition. We had a couple of farmers in the Chegutu District, for example, Pete Henderson had an opposition rally at his farm and that was probably the last opposition rally in the last 20 years to be held on a commercial farm.
Choruma has since occupied part of the Amandas Estates and recently drilled a borehole despite a restraining order issued by the Magistrates Court to protect the other farmer and industrialist Prosper Muchenje — who was originally allocated the 200-hectare land in 2013.
One of the victims, Hazel Mhlanga, told the Independent she bought a residential stand measuring 247 square metres valued at US$4 322 but later discovered the land did not belong to Zezere.
“Sino Truck had in stock 17, 4×2 Isuzu single-cab vehicles and was having problems in obtaining US dollars cash, for the payment, from the Reserve Bank of Zimbabwe (RBZ) auction system,” the Ministry of Local Government and Public Works said.
Lions are the symbols of leadership in the jungle, but one of the traits of the alpha male upon taking over territory is it wipes out all traces of its predecessor’s legacy, including all the younger males fathered by him. If you do not create space for the alpha male by going outside its circumference of dominance, it will eat you up.
The civic group Zimbabwe Coalition on Debt and Development (Zimcodd) recently said the increase in IMMT on domestic US dollar remittances from 2% to 4% exerts a disproportionately negative impact on the poor majority who have small foreign currency balances.
There are professionals that will be offering services to the pension’s scheme members. At the end of the day the law requires that those assets be protected. That’s section 16 of the Pensions Act as read with section 29.
There are indications that despite a government order to cease all mining activities in the area pending consultations, Chinese miners have continued with operations at the expense of the sanctuary and livelihoods of the local community.
The project to move Harare’s central business district was mooted in 2012 during the late President Robert Mugabe’s government leading to the construction of the gigantic new parliament building in the same area.
Relations between the government and Western economies have deteriorated since 2000, leading to the European Union (EU) and the United States imposing economic sanctions against Zimbabwe.
The tobacco sector has of late been invaded by a group of unscrupulous traders who were involved in fleecing off farmers through inflating input prices as well as a number of allegations related to transfer pricing.