November 2015

HARARE – Government yesterday announced plans to fire all Ziscosteel (Zisco) workers starting next month. In his 2016 National Budget statement presented in Parliament yesterday, Finance minister Patrick Chinamasa confirmed the collapse of the $750 million Essar deal. [GoogleAd] Chinamasa said the resuscitation of operations at Ziscosteel will have upstream and downstream benefits to the…

HARARE – Zimbabwe’s biggest medical insurance company, Premier Medical Aid Society says the dismissal of its former managing director Henry Mandishona, for gross incompetence, abuse of office and insubordination among a litany of charges, has no connection to a forensic audit report whose findings will be made public soon. [GoogleAd] Of late, there have been…

HARARE – Finance minister Patrick Chinamasa yesterday presented a slightly smaller 2016 national budget in a clear sign that the country is curbing expenditure because of a deepening liquidity crunch. Next year’s budget was set at $4 billion down from this year’s $4,1 billion spending plan. [GoogleAd] The decision to cut State spending, after at…

HARARE – Supporters of Kuwadzana legislator Nelson Chamisa say his rivals in the MDC are allegedly ratcheting up the pressure to get him isolated and banished from the party. One of his allies who spoke to the Daily News yesterday said the latest indication that there was a campaign against Chamisa came at a recent…

MUTARE – The Zanu PF women’s league in Manicaland is burning in line with the deadly factional and succession wars devouring the ruling party nationally, with bitterly-opposed factions in the troubled province now resorting to hiring thugs to harass their opponents, the Daily News has learnt. A meeting of the league that was held at…

HARARE – Premier Service Medical Investment (Psmi) bosses are drawing up plans to keep patient-disruption to a minimum after a crippling doctors’ strike entered day three yesterday over a pay row, with government still failing to remit $44 million  it collected from civil servants. The organisation has called the strike “regrettable” and said it hoped…

HARARE – Zanu PF has not yet completed its restructuring programme and is hurtling towards the December annual conference with provinces headed by acting provincial chairpersons, party spokesperson Simon Khaya Moyo confirmed yesterday. Addressing a news conference last night after a marathon politburo meeting at the party headquarters in Harare, Khaya Moyo said the ruling…

HARARE – The continuing rejection of the South African rand by some of the country’s largest retail operators will have a negative impact on the Zimbabwean economy, an Oxford think-tank has warned. Businesses are rejecting the use of rand coins over weakening value. [GoogleAd] The Oxford think-tank, NKC African Economics (NKC), said the move will…

HARARE – Minister of State for Mashonaland Central Martin Dinha has won a Constitutional Court (Con-Court) referral in a trial he is accused of soliciting for a $60 000 bribe from a white farmer. Dinha, who is facing money laundering and criminal abuse of duty charges, is seeking the declassification of State documents, which he…