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Airlink slots into Compair routes

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.

By The Independent Aug. 26, 2022
Economies, equity notes: The Zimbabwe syndrome
Economies, equity notes: The Zimbabwe syndrome

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 […]

By The Independent Aug. 19, 2022
Harare thirsty as chemicals crisis worsens

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.

By The Independent Aug. 19, 2022
Insurance giant in messy fight

“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.

By The Independent Aug. 19, 2022
‘Mid-term fiscal budget a wasted opportunity’

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.

By The Independent Aug. 12, 2022
Chimanikire scoops two awards

Chimanikire was awarded the Director of the Year award and the Director of the Year in the “Large and Listed Companies” category.

By The Independent Aug. 12, 2022
China wants nationals monitored

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.

By The Independent Aug. 12, 2022
Moti sinks US$200m in Zim projects

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.

By The Independent Aug. 5, 2022
‘South Africa sliding towards self-isolation’

The cabinet resolution to terminate the Zimbabwe Exemption Permits (ZEP) received overwhelming support from the ruling African National Congress (ANC).

By The Independent Aug. 5, 2022
Zim squanders power deal with Zambia

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.

By The Independent Jul. 29, 2022
High Court judge under probe

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.

By The Independent Jul. 29, 2022
Mzi urged to dispose of mines

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. 

By The Independent Jul. 29, 2022
Zimind piles pressure on govt

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.

By The Independent Jul. 29, 2022
Govt intensifies parastatal reform

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.

By The Independent Jul. 29, 2022
Zim to securitise its ivory stockpile

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.

By The Independent Jul. 22, 2022
Afrochine puts Mavuradonha on hold

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 […]

By The Independent Jul. 22, 2022
Psmas member narrates sad ordeal

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.

By The Independent Jul. 22, 2022
Spotlight on new parly security checks

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.

By The Independent Jul. 15, 2022
Hostile take over fears at Psmas

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.

By The Independent Jul. 15, 2022
US$10m for Warren Hills Golf Course

The project is one of the many which Sunshine Developments is working on in a private public-partnership with the City of Harare.

By The Independent Jul. 15, 2022
‘RBZ risks litigation over rates’

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”.

By The Independent Jul. 15, 2022
Internal squabbles claim mines perm sec

In a management meeting held on Tuesday, Moyo announced his departure from the ministry after serving for four years since his appointment in 2018.

By The Independent Jul. 15, 2022
African parly: Charumbira jumps in at the deep end

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.

By The Independent Jul. 8, 2022
City of Harare losing millions through revenue leakages

This comes at a time when revenue leakages have also been buoyed by malfunctioning accounting packages and lack of robust audit systems.

By The Independent Jul. 1, 2022
Deductions leave teachers in penury

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.

By The Independent Jul. 1, 2022
Solution to corporate governance launched

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.

By The Independent Jul. 1, 2022
Harare council in human capital crisis

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.

By The Independent Jul. 1, 2022
Scramble for mines grips Zim

The ownership wrangle over mining claims that has gripped the country involves foreign companies, raising speculation of a possible fresh rush for mineral concessions.

By The Independent Jul. 1, 2022