HARARE – Harare deputy mayor Christopher Mbanga has resigned following allegations of his continued support of Local Government minister Saviour Kasukuwere. Mbanga was suspended last year by the MDC provincial leadership — led by Eric Murai — after he sided with Kasukuwere over the expulsion of embattled town clerk James Mushore from Town House. In…
HARARE – The raft of taxes imposed by the hard-pressed government could do more harm than good to Zimbabwe’s economy, as the move overburdens long-suffering citizens and threatens small businesses’ survival, economic analysts have warned. They said as the desperate President Robert Mugabe administration “lays hands on anything that gives it money”, the latest move…
HARARE – Government has begun deducting a five percent health levy on all airtime purchases in a desperate bid to raise funds to acquire drugs and equipment for public hospitals. Finance minister Patrick Chinamasa proposed in his 2017 National Budget to introduce the tax on airtime and mobile data, under the ‘‘Talk-Surf and Save a…
HARARE – Ex-Finance minister Tendai Biti has said it is too late for Zimbabwe to adopt the South African rand as a dominating currency. Writing on his Twitter account, the opposition People’s Democratic Party (PDP) leader said: “Too late to adopt rand. Economy now in so much disequilibrium without reforms Zanu will bastardise the rand…
HARARE – Malawi’s FMB Capital Holdings (FMB Capital) is in exclusive talks with Barclays Plc to buy its 68 percent stake in Barclays Bank Zimbabwe (BBZ). This also comes as sources have told businessdaily that a local consortium — led by an Indian family with ties to President Robert Mugabe’s government — was also playing…
HARARE – Leading mobile telecommunications operator, NetOne, has launched a unique data product that allows subscribers to listen to radio programmes instantly. The company’s acting chief executive Brian Mutandiro said the parastatal was on a mission to unlock Zimbabwe’s potential through the power of technology and partnership by connecting subscribers to a large radio audience…
HARARE – As expected, powerful First Lady Grace Mugabe and her influential Zanu PF women’s league yesterday sacked embattled party heavyweights Eunice Sandi Moyo and Sarah Mahoka from within their ranks — meaning that it may be a matter of time before the two are in turn jettisoned altogether from President Robert Mugabe’s warring former…
HARARE – Former Vice President Joice Mujuru’s fledgling National People’s Party (NPP) has once again cast doubt about its participation in the mooted grand opposition coalition — attacking MDC leader Morgan Tsvangirai as “power drunk”, while expressing reservations about him leading the alliance in next year’s watershed national elections. The NPP, through its rash spokesperson…
HARARE – Retailers and dealers fuelling the three-tier pricing that has emerged as market forces are overpowering the forced parity of bond notes face imprisonment of up to seven years. This comes after President Robert Mugabe on Friday signed into law the Reserve Bank of Zimbabwe Amendment Act, 2017 (No. 1 of 2017) that has…
HARARE – In a ruling that is set to leave State Security officials that torture and abduct citizens on the edge, a High Court judge yesterday ordered officials that abetted Zimbabwe Peace Project (ZPP) director Jestina Mukoko’s abduction and torture to be sued in their personal capacities. High Court judge Nyaradzo Munangati-Manongwa yesterday ruled that…
