A NEW report has revealed shocking drops in Zimbabwe’s power output, pointing to a far worse economic crisis ahead. The report by analysts at Econometer Global Capital showed electricity generation almost becoming grounded across Zimbabwe’s power plants, with Kariba’s 1 050-megawatt (MW) hydro facility likely to be the hardest hit due to a prolonged drought…
By Blessings Mashaya and Pauline Hurungudo ZIMBABWE is facing myriad challenges, with the economy unstable and volatile, both hallmarks of excessive government interference and mismanagement. The overall business environment is opaque and vulnerable to government intervention. Amid this crisis, our reporters Blessings Mashaya and Pauline Hurungudo speak to deputy Finance minister Clemence Chiduwa. Excerpts…
UNFAIR practices by retailers to sell goods and deny consumers the right to return or exchange the purchased items if they are defective or sub-standard will attract a jail sentence of at least five years, according to the new Consumer Protection Act. The Act came into law in December 2019, repealing the Consumer Contracts Act….
INDUSTRY and Commerce minister Sekai Nzenza yesterday warned retailers engaging in conditional selling of subsidised roller meal that the recently-enacted Consumer Protection Act will ensure the perpetrators are brought to book. Nzenza said this during a business breakfast forum jointly organised by the Consumer Council of Zimbabwe (CCZ) and Associated Newspapers of Zimbabwe (ANZ) —…
INDUSTRIALIST and National Competitiveness Commission (NCC) chairperson Kumbirai Katsande yesterday castigated service stations for selling fuel to card holders only at the expense of other consumers. The fuel situation in the country has remained dire, with motorists having to wait days on end to get either petrol or diesel. Katsande raised concerns over the selective…
A SECURITY guard at top lawyer Tawanda Nyambirai’s farm, who allegedly poisoned 544 cattle there, resulting in the death of 144, appeared in court yesterday. Paradzai Kamwaza appeared before Harare magistrate Rumbidzai Mugwagwa charged with malicious damage to property and animal cruelty. The matter was postponed to February 7 after Kamwaza disputed the age supplied…
THE National Business Council of Zimbabwe (NBCZ) has implored the government to ensure that the roller meal subsidy programme is run in a transparent manner. In December last year, the government and millers reached an agreement which saw the retail price of maize-meal drop to $50 per 10kg, after the Finance ministry undertook to pay…
THERE was drama at former Vice President Phelekezela Mphoko’s, court hearing yesterday after his lawyer and the trial magistrate Hosea Mujaya engaged in a heated debate over whether the matter should take place on “Sabbath” day. Mphoko was being represented by Zibusiso Ncube after Tawanda Zhuwarara renounced agency, prompting him to seek a postponement to…
STAKEHOLDERS yesterday clamoured for the establishment of special courts to deal with consumer-related disputes and criminal charges in a bid to promote and safeguard consumer rights. This emerged during a business breakfast forum jointly organised by the Consumer Council of Zimbabwe (CCZ) and Associated Newspapers of Zimbabwe (ANZ) — publishers of the Daily News and…
MDC president Nelson Chamisa’s increased push for political dialogue to negotiate the country out of the current political and economic crises must be applauded. It is common cause that the urgency of now in Zimbabwe is political talks to save the country from becoming a failed state. The people have suffered for decades as a…
