HARARE – Finance Minister Malusi Gigaba’s adviser, Professor Chris Malikane, has warned South Africans to be prepared for the worst if radical economic transformation is to succeed. Malikane was speaking last night at the Blacks in Dialogue event at the Devonshire Hotel in Johannesburg, which was organised by the Black First Land First movement. Malikane…
HARARE – Long-suffering Zimbabweans have laid into President Robert Mugabe’s misfiring government, warning that the country’s dying economy, worsening cash shortages and rising poverty levels are “a ticking time bomb” that now requires emergency measures. This comes as the country’s usually restrained church leaders have also waded into the cash crisis saga, saying that this…
HARARE – It’s been two years since Africa’s richest man, Nigerian billionaire Alhaji Aliko Dangote, jetted into the country in a highly-publicised investment deal, but nothing has come to fruition. The so-called “mega deal” has remained pie-in-the-sky that occasionally pops up in lapdog State media when propaganda mandarins are desperate for a feel-good story. Since…
HARARE – While Zimbabweans at large continue to go through very trying times as the country’s economy continues to tank, we, at the Daily News, have continued to receive grace. In the midst of the difficult times as evidenced by horrendous company closures and thousands of job losses, God has been with us in the…
HARARE – Amid the ugly tribal, factional and succession wars tearing the ruling Zanu PF apart, President Robert Mugabe has lavished praise on the country’s feared intelligence services for helping him to maintain his long hold on power. The nonagenarian chose the burial of one of the top bosses of the Central Intelligence Organisation (CIO),…
HARARE – She is sick, and sits leaning on the wall of her hut. She shifts her small frame, peers into the distance and in a voice laden with anguish, she recounts: “I was raped.” It is hard to digest the words from the tall 46-year-old mother of seven. She is one of the few…
HARARE – Masvingo Provincial Affairs minister Shuvai Mahofa has said only Zanu PF supporters will be favoured in contract awarding for the construction of the Harare-Beitbridge highway. The call for domestic party preference in the public procurement process for the project was tabled during a recent Zanu PF Masvingo provincial coordinating committee (PCC) meeting held…
HARARE – Impoverished Zimbabwe must clear $1,8 billion of debt arrears to the World Bank (WB) and the African Development Bank (AfDB) before the banks can start lending to President Robert Mugabe’s government, economists have said. This comes after Singaporean global commodities firm, Trafigura Group, has agreed to provide Zimbabwe with $1,1billion that enables the…
HARARE – Our staff writer Blessings Mashaya speaks to the opposition MDC shadow Finance minister Tapiwa Mashakada. Below are excerpts of the interview. Q: Do you think Finance minister Patrick Chinamasa has done enough to solve the country’s economic problems and the current cash shortages? A: Since 2013 the economy has plunged into a prolonged…
HARARE – Zimbabwe’s excise duty collections have been nose-diving on the back of deteriorating economic conditions, the Zimbabwe Revenue Authority (Zimra) said. Zimra chairperson Willia Bonyongwe said revenue from excise duty in the first quarter amounted to $150,2 million against a target figure of $162,6 million as disposable incomes increasingly shrunk. Commonly referred to as…
