HARARE – Local retailers are struggling to remain profitable in the wake of acute cash shortages, an increasingly menacing informal sector and deteriorating economic conditions, the Confederation of Zimbabwe Retailers (CZR) said. CZR president Denford Mutashu told the businessdaily that with competition from the informal sector and cash shortages, the sector was on the verge…
HARARE – Warring Zanu PF factions, which were hoping to use President Robert Mugabe’s return home from his month-long holiday in the Far East with his family to outmanoeuvre each other, were left bitterly disappointed when the wily nonagenarian quietly sneaked back into the country late Friday night. Although the country’s typically unreasonable security personnel…
HARARE – Zimbabwe has $304 million hard cash in circulation including $73 million in bond notes as of January 2017, about a third of optimum demand, reflecting a worsening liquidity crisis, an economist said. Ashok Chakravarti, who also advises the Office of the President and Cabinet on improving the ease of doing business, told a…
HARARE – A suspected ring leader of a syndicate that allegedly swindled a broking firm of $300 000 after misrepresenting that they needed cash to fund companies contracted to construct the new United States of America embassy offices in Harare was remanded in custody yesterday. Gracious Mukucha, 30, of Glaudina Park in Harare was remanded…
BULAWAYO – Opposition secessionist party, Mtwhakazi Republic Party (MRP), will field local government and parliamentary candidates to challenge President Robert Mugabe’s Zanu PF in the forthcoming key 2018 election. Since its formation three years ago, MRP had declared that it would not take part in any election in Zimbabwe as their mission was to withdraw…
HARARE – Mutasa Central MDC MP, Trevor Saruwaka, yesterday said House of Assembly speaker, Jacob Mudenda, has no right to determine the colour of clothes he wears in Parliament. In October last year, Saruwaka was ejected from Parliament for wearing a jacket adorned with Zimbabwe’s national flag colours. In protest, he approached the High Court…
HARARE – Vendors and #Tajamuka activists yesterday failed to show up for a demonstration they had called in the Harare central business district (CBD). The protest was in reaction to a blitz launched by Harare City Council(HCC) and the Zimbabwe Republic Police to evict vendors from the CBD, as part of desperate measures to contain…
HARARE – The Meteorological Services Department (Met) has advised that most parts of Zimbabwe will receive even heavier rains in the next three days. The Department warned that the severe rains could cause severe flooding in low-lying areas. Its forecaster, John Mupuro, said “even more widespread rains are anticipated from Saturday 28 to Tuesday 31,…
JOHANNESBURG – Gospel star Lundi Tyamara has died after a long battle with stomach TB and liver complications. He was 38. Sources close to the musician confirmed he died in an Edenvale hospital at 12.40am. The Ndixolele hitmaker was moved to ICU on Monday after his condition took a turn for the worse. Insiders confirmed…
HARARE – As Zanu PF’s ugly tribal, factional and succession wars continue to escalate, angry war veterans have threatened to beat up ruling party supporters who are planning to denounce Vice President Emmerson Mnangagwa, upon President Robert Mugabe’s expected return to the country tomorrow, from his month-long holiday in the Far East. This comes as…
