Business

Zim imports 20k tonnes of fish annually

Rutendo Ngara STAFF WRITER ngarar@dailynews.co.zw THE Zimbabwe Fish Producers Association (ZFPA) says the country is importing more than 20 000 tonnes of fish annually mainly from Zambia and Namibia. This comes as local fish farmers are struggling to meet the domestic market’s annual demands of at least 60 000 metric tonnes of fish per year…

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Mudenda urges sober post-budget analysis

Brighton Muronzereyi STAFF WRITER muronzereyib@dailynews.co.zw SPEAKER of the National Assembly Jacob Mudenda says parliamentarians need to work together and be sober-minded in their analysis of the US$6 billion 2025 national budget for the betterment of the country. Speaking in Parliament yesterday during a post-budget seminar, Mudenda said problems facing the country must be treated as…

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State withdraws charges against 39 war veterans

Rutendo Ngara STAFF WRITER ngarar@dailynews.co.zw THE State yesterday withdrew charges before a plea against 39 war veterans who allegedly convened an unlawful gathering in October 2021 with an intention to cause violence. The team appeared before Harare magistrate Winfilda Tiyatara. This came as the team had challenged the charge, arguing that it did not disclose…

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2025 Budget is pro-poor: Government… adds that ‘there is a lot’ in the draft for everyone

By Brandon Josphat josphatbl@dailynews.co.zw THE proposed 2025 National Budget is progressive, and will go a long way towards cushioning ordinary people, the minister of Finance Mthuli Ncube said yesterday. Speaking to the Daily News — the country’s most influential newspaper — Ncube added that the budget also sought to support economic growth, promote the generation…

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Business

DPC pushes for depositors to get priority

THE Deposit Protection Corporation (DPC), which was established by the government in July 2003 to provide compensation in the event of a bank failure, is pushing for amendments to its enabling Act to be finalised in 2025 five years after Cabinet approved the principles of the Bill. The DPC and other stakeholders came up with…

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Parliament apologises to ED over power outages

By Brandon Josphat PARLIAMENT has apologised to President Emmerson Mnangagwa for the blackout that occurred during the presentation of the 2025 national budget by Minister of Finance Mthuli Ncube last week. Parliament over the weekend said the blackout had been caused by thunderstorms and high winds which affected a dedicated power line.“Immediately after the adjournment…

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Government sets US$150 as minimum wage

By Brandon Josphat THE government has set US$150 as the minimum salary employers should pay their employees.This comes as the minister of Finance Mthuli Ncube during his 2025 national budget last week set a non-taxable income at ZiG 2 800 which is equivalent to US$100 in a bid to increase disposable income for workers.An employee…

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Nkomo’s son wins Zapu leadership wrangle

ZAPU leader Sibangalizwe Nkomo has won a High Court appeal where his former party members were challenging his ascendency to the helm of the party. Mathew Sibanda, Echem Nkala, Gedion Dlamini, Ernest Ndlovu and Mildred Mkandala were the ones who were challenging Nkomo’s presidency. Their argument was Nkomo joined the Zapu in 2010 before he…

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Business

Foreign currency receipts surge 17,9 percent to US$10 billion

ZIMBABWE’s foreign currency receipts increased by 17,9 percent to US$10 billion during the first nine months of 2024, from US$8,5 billion received during the same period in 2023, latest data shows. Presenting the 2025 National Budget, Finance minister Mthuli Ncube said the country’s external sector position has remained resilient. He said foreign currency receipts’ growth…

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