JAPAN’S economy has bounced back from recession with growth of 5% in the third quarter of this year. It had seen its economy shrink during 2020 as lockdowns hit its manufacturing sector and consumer spending. The world’s third biggest economy is now showing signs of recovery, although some analysts cautioned that further growth is likely…
SOUTH African mobile operator, Vodacom Group, on Monday reported a 15.7% rise in half-year earnings, boosted by a once-off deferred tax rate adjustment and reinstated medium-term targets. The firm, which is majority owned by Britain’s Vodafone , said headline earnings per share for the six months ended Sept. 30, rose to 532 cents from 460…
by Black Edward BEING proud Africans that we are, we would’ve been thrilled to come across a statement like “US president-elect Joe Biden conducted himself professionally in a dignified and calm manner, peculiar to African leaders during elections”. Instead, what we got was a slap in the face. The insinuation that it was outgoing president…
IT is a Thursday afternoon and people with homesteads around the late socialite Genius “Ginimbi” Kadungure’s mansion start trooping in for the buffet which would be served at lunch time. The buffet comprises mashed potato and butternut, fried rice, beef stew, chicken roast, coleslaw salad, green salad, fried vegetables and sadza. A crowd numbering about…
THE arts fraternity has been urged to put their heads together and establish a medical insurance scheme that can assist them when they fall sick. The call comes louder after the illness and subsequent death of actor Lazarus Boora aka Gringo, last week exposed how our famous artists struggle to raise money for medical care…
THE government’s decision to privatise some public enterprises to improve efficiency and governance is the best way to cut them loose and end their over-reliance on the fiscus. Parastatals have been performing dismally with the majority of them making losses amounting to millions of US dollars for close to two decades now. Privatisation of State…
THE Zimbabwe Electoral Commission (Zec) has been criticised by stakeholders for the way it has been conducting elections amid allegations that the electoral body is subservient to the ruling Zanu PF party. The Daily News on Sunday Senior Staff Writer Mugove Tafirenyika last week engaged Zec chairperson Justice Priscilla Chigumba on these and other issues…
THE government of Zimbabwe lost millions of dollars to Micro, Small and Medium Enterprises (MSMEs) loan defaulters and fraudsters employed by Small and Medium Enterprises Development Corporation (SMEDCO), the Auditor-General Mildred Chiri has revealed. In an audit report for 2012 to 2018, Chiri said SMEDCO lost more than $2 million to loan defaulters. “My audit…
SENIOR STAFF WRITER THE spokesperson for MDC leader Thokozani Khupe, Khaliphani Phugeni has stepped down from his position following allegations of raping an unnamed woman in Bulawayo, the Daily News on Sunday reports. Last week, Phugeni, 44, who is also the MDC national spokesperson appeared before Western Commonage regional magistrate, Sibongile Marondedze, who charged him…
THE ruling Zanu PF has rged Foreign minister Sibusiso Moyo, to move with speed to engage with American president-elect Joe Biden — in a bid to mend Harare’s strained relationship with Washington, the Daily News On Sunday reports. Speaking in Harare on Friday, Zanu PF spokesperson Patrick Chinamasa said although Zimbabwe was alive to…
