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Fidelity narrows its losses

© FIDELITY Life Assurance (Fidelity) says it has cut its losses for the year ended December 31, 2018 by half from the prior comparable period on the back of a 44 percent increase in its gross premium income. [GoogleAd] The Zimbabwe Stock Exchange (ZSE) listed life assurance group reported a loss after tax of $614…

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Zanu PF fearful of mass demos… asks for help from China as economy tanks

© IN AN unusually frank admission, and as Zimbabwe’s economic crisis bites harder, the ruling Zanu PF says it is scared stiff of the possibility of mass uprisings — similar to those which have ravaged countries such as Sudan, Algeria, Libya and Venezeula — the Daily News can report. [GoogleAd] As a result, President Emmerson…

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Local councils abusing funds: Minister

© Local authorities must relook at their budgets and see how best to utilise the resources they collect amid concern of misappropriation of funds, Local Government minister July Moyo has said. While answering questions in Parliament, Moyo said council treasurers are not utilising resources appropriately, resulting in workers going for months without being paid. [GoogleAd]…

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Preachers ‘fall in love’ with Zimdancehall

© THE bulk of charismatic preachers in the country have fallen in love with Zimdancehall music which is largely considered “impure” by some sections of the society. [GoogleAd] Zimdancehall, the most popular genre among the youths, especially those in the ghetto, is basically associated with alcoholism, vulgarity and radicalism. But true to the biblical verse…

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Kombi fare hikes stir Paz outrage

© THE Passengers Association of Zimbabwe (Paz) has slammed fare hikes on the public transportation system, warning that the hikes risked triggering public discontent. [GoogleAd] Operators claim the hike was necessary for the loss-making transportation network on the basis that they are getting their fuel from the black market.  Commuter operators said the higher fares,…

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Reforms overdue for medical aid societies

© A well regulated and effective medical aid insurance sector could lessen the cost burden on members and reduce the incidence of shortfalls.  [GoogleAd] Disclosure and standardisation of the annual reports and financial statements in the sector is important. One of the leading medical aid societies has just published its annual report. The members of…

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Economic crisis hits schools opening

© IT’S Tuesday 8am in the morning at the Rotten Row grounds right at the edge of Harare’s Central Business District. There is an assortment of students in different uniform colours, a testament of the many boarding schools where these pupils are destined. [GoogleAd] While many of these students in the days gone by used…

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Entrepreneur invents poultry equipment

© THE pain and guilt of losing 35 chicks due to her negligence when she was a young girl decades ago spurred Evangelista Chekera to dream of coming up with innovative solutions to the problems they regularly encountered at her father’s poultry farm. [GoogleAd] Though still very young at the time, Chekera was convinced that…

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Absent ministers  provoke Senate ire

© Questions on the Senate’s Order Paper had to be deferred on Thursday after all Cabinet ministers bunked the question and answer session. [GoogleAd] The ministers were said to be tied up during the morning at the burial of national hero Velaphi Misheck Ncube at the National Heroes’ Acre and later at the Cabinet meeting…

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Varsity fees will bankrupt you

© Hon Criss is down to his last Kobo and Naira.  Last weekend, Hon Criss drove away, leaving his 18-year-old daughter to begin a degree at a State varsity after forking out a fortune. [GoogleAd] If you have a child heading to varsity, prepare for financial Armageddon.   From the deposit, the actual fees, finding…

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