Business

RBZ targets price stability

Brandon Josphat CHIEF WRITER THE Reserve Bank of Zimbabwe (RBZ) will main­tain a tight monetary policy to ensure long-term price stability. In his 2025 last quarter snapshot on monetary and financial developments as well as the performance of the Zimbabwe Gold (ZiG) currency yesterday, RBZ governor John Mushayavanhu said the prevailing macroeconomic environment had provided…

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Government slashes vehicle fees

Hazel Marimbiza, Brighton Muronzereyi and Tapiwa Chirume AUTHORITIES have slashed a raft of vehicle ownership fees, as part of ongoing reforms that began last year, aimed at lifting the country and its economy. Speaking to the Daily News — the country’s most influential newspaper — the chairperson of the Zimbabwe Public Transport Organisation (ZPTO), Sam…

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Rising fares burden commuters

Tapiwa Chirume COMMUTERS are struggling with sharp fare increases in high-density suburbs despite stable fuel prices nationwide. This comes as fares in most high-density suburbs in Harare and Chitungwiza, which previously stood at US$1, have surged to between US$1,50 and US$2 per trip, despite fuel prices remaining relatively stable. Speaking to the Daily News yesterday,…

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Superstition delays drowned girl search

TAPIWA CHIRUME A MANICALAND mother failed to report her daugh­ter’s drowning, believing mermaids would return her unharmed. Confirming the incident, Manicaland acting police spokesperson Wiseman Chinyoka said a formal report was only made the following day after a villager dis­covered the girl’s body floating in the river. “The 16-year-old, Eunice Mayo, drowned in Um­vumvumvu River…

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Short on numbers courts on the rack…fears that this may be compromising Bench’s work quality

Rutendo Ngara and Yvonne Ncube THE judiciary is continuing to grapple with an acute shortage of judges and magistrates, which is negatively impacting the finalisation of court cases in the country, Chief Justice Luke Malaba has said. Officially opening the 2026 legal year in Harare yesterday, the concerned Malaba lamented the fact that the decentralisation…

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Zimra warns against impersonators

Takudzwa Dambu THE Zimbabwe Revenue Authority (Zimra) has im­plored the public to stay alert following a spike in cases of fraudsters masquerading as its officials, warning that unsuspecting taxpayers risk losing hard-earned money. Zimra yesterday said it was increas­ingly concerned by reports of criminals approaching businesses and individuals while falsely claiming to represent the tax…

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Zimbabwe on high alert for infant formula

Takudzwa Dhambu HEALTH authorities are on high alert following a recall by Nestlé of its specialty infant formula, NAN Special Pro HA 0–12 800g, amid concerns that the product could enter the country through informal trade channels. In a circular at the weekend to provincial medical directors, the permanent secretary of the Ministry of Health…

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‘Bank school fees to curb robberies’

THE police have im­plored school au­thorities and parents to channel school fees and other tuition-related payments through recognised financial institutions as a way of reducing the risk of robbery and theft at learning institutions. In a statement yesterday, national police spokesperson Paul Nyathi said handling large sums of cash at schools exposed them to criminal…

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Woman accused of US$80k fraud

Rutendo Ngara SENIOR STAFF WRITER A HARARE woman al­legedly duped a fellow church member of more than US$80 000 after falsely claiming she had secured a tender from the Office of the President and Cabinet (OPC) to supply medical equipment, a court heard yesterday. Lucia Kunaka, who is facing fraud charges, was remanded in custody…

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Parents reel from high school costs … amid the ever rising living expenses in the country

Blessings Mashaya and Hazel Marimbiza MANY parents and guardians around the country with children at school say they are overwhelmed by the mounting costs of keep­ing their children in schools. This comes as schools are set to open tomorrow, and after many stakeholders recently implored authorities to work harder to improve the economy in the…

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