© The shortages of fuel intensified after Finance minister Mthuli Ncube increased excise duty on diesel and petrol by 45 percent, Parliament has been told. The increase in excise duty, made in the midterm fiscal policy review, came as the country is presently battling worsening fuel shortages which have seen petrol peaking at $9,06 per…
EDITOR — With the way the economic situation is deteriorating government should consider prioritising Foreign Direct Investment (FDI) as the basis of restoring the ailing economy in the best possible shortest period of time. FDI can be viewed as the growth rate in capital inflows that add over time to fixed capital stock of the…
FINANCE minister Mthuli Ncube has urged Zimbabweans to show confidence to the proposed new Zimdollar, which could be ushered in by December. Gripped by an intractable currency volatility crisis, coupled with skyrocketing prices — government, by year-end, plans to reintroduce the Zimbabwean dollar which it discarded in 2009 in favour of a multicurrency regime that…
© Recently, our sister paper the Daily News on Sunday reported that corruption has left our beloved country battered. Sadly, the scourge has become endemic and institutionalised and now sophisticated to deal with. Despite the reconstituted Zimbabwe Anti-Corruption Commission showing zeal in dealing with corruption, many feel nothing will change much as commissioners have to…
© GOVERNMENT is reviewing upwards the Constituency Development Fund (CDF) given to legislators, Finance minister Mthuli Ncube has said. Ncube told the National Assembly on Tuesday that he is going to add another $10 million in CDF to be divided among legislators. “We are looking into this issue of the salaries, the sitting allowances and…
© Zimbabwe is reducing power load-shedding for homes and companies after coming up with a payment plan with Eskom, the South Africa power utility. The debt has led to a deficit of over 400 megawatts, more than a third of the country’s electricity generation of 1 040MW. [GoogleAd] This comes after government on Tuesday concluded…
© Thousands of Zimbabweans living in South Africa’s commercial capital, Johannesburg, face deportation after the city’s mayor, Herman Mashaba declared war against “undocumented foreign nationals.” Mashaba launched a blitz against foreigners on Wednesday. This follows chaos which engulfed Johannesburg’s inner-city last week, when law enforcement agencies attempted to confiscate counterfeit goods from informal traders. [GoogleAd]…
© ZIMBABWE Congress of Trade Unions (ZCTU) president Peter Mutasa has said they will be joining the MDC in demonstrating against the country’s deteriorating economy. This comes after the main opposition MDC announced that they will have a massive protest next week on Friday. Mutasa told the Daily News yesterday that their members are free…
© President Emmerson Mnangagwa has pledged to return Zimbabwe People’s Revolutionary Army (Zipra)’s properties seized by government in the 80s. Mnangagwa made…
© NELSON Chamisa, pictured, and his MDC family will have to wait a bit longer before they know whether they can go ahead with a demonstration against President Emmerson Mnangagwa’s government on August 16. Public anger has been swelling against Mnangagwa’s government. [GoogleAd] The MDC, which is the country’s biggest opposition party, signalled early this…
