HARARE – Seven diamond mining firms booted out of the Marange mining fields by government must be reinstated, a parliamentary panel has said. This comes after government in February 2016 ordered seven companies operating in the Marange fields — Anjin, Mbada Diamonds, Marange Resources, Diamond Mining Company (DMC), Jinan, Gye Nyame and Kusena — to…
HARARE – Treasury has authorised the recruitment of at least 3 000 teachers in a bid to improve the teacher-to-pupil ratio which impacts on the quality of education in schools. Government has not been recruiting teachers since 2015 after the then Public Service Commission announced that recruitment and promotions in the civil service had been…
HARARE – Finance minister Mthuli Ncube has refused to relax non-taxable income thresholds to $400 saying Treasury needs every penny it can raise to respond to the tough budgetary environment. In his 2019 national budget, Ncube proposed to raise the non-taxable income from $300 to $350. But during debate on the Finance Bill, lawmakers felt…
HARARE – CABS is merging its Greendale and Chisipite branches with effect from February 25 as a way of enhancing its digitalisation efforts. In a statement, the bank which boasts of more than 50 branches across the country said the Greendale branch will be merged into the Chisipite branch. “Please be advised that in line…
GWERU – The Midlands State University (MSU) has dismissed as fake reports circulating on social media alleging that the institution has hiked tuition fees. In a statement, the MSU said it noted with concern false statements circulating on various social media platforms to the effect that it has increased tuition fees for the 2019 academic…
HARARE – Zimbabwe Commercial Farmers’ Union (ZCFU) president Wonder Chabikwa says the interest rates for agricultural loans have been going up since the dollarisation of the country’s economy, rendering the facilities unattractive to farmers. “Farmers are not accessing loans from banks as we can’t afford to remit. Interest rates were ranging from 10 to 18…
HARARE – In spite of a crippling foreign currency crisis ravaging the Zimbabwean economy, locals are finding the hard currency to buy real estate in South Africa. Interestingly, when it comes to splurging on property down South, Zimbabweans are in the same league as nationals from the United Kingdom, Germany, Botswana, Portugal, the United States,…
BULAWAYO – Bulawayo City Council has set its sights on earning foreign currency (forex) from ratepayers domiciled in foreign lands as well as from international organisations operating in Zimbabwe in a bid to shore up its depleting coffers. Town clerk Christopher Dube said the forex-generation strategies are part of a cocktail of austerity measures meant…
HARARE – The Binga District Residents Association (Bidra) has petitioned the Zimbabwe National Water Authority (Zinwa) for its failure to provide constant adequate, safe and clean water. Binga faces acute water shortages despite it being situated on the shores of the mighty Zambezi River. Zinwa is the sole supplier of water in the district. [GoogleAd]…
HARARE – There is an effervescence in the economy — an imperceptible but definite shift towards re-dollarisation of the economy. Initially a trickle, this will soon turn into a mighty tide in one direction — a steady but irretrievable tendency towards re-dollarisation. Pharmacies and stockists of medical drugs and ancillaries commenced this process early in…
