© ZIMBABWE’S economy is expected to grow by 3 percent in 2020, rebounding from a contraction of 6,5 per- cent this year, Finance minister Mthuli Ncube said yesterday while presenting the national budget. Initially, Ncube had forecast a growth of 4,6 percent premised on improved rains, but updated weather forecasts predict a season of below…
© MACHETE-WIELDING gangs popularly known as Mashurugwi are wreaking havoc in Chegutu West, attacking civilians, following a gold rush in the area, a parliamentarian has said. Speaking to the Daily News yesterday, Chegutu West Member of Parliament Dexter Nduna said there was a gold rush in the town, which had seen an increase in criminal…
© ZIMBABWE’S worsening socio-economic crisis is creating a breeding ground for human trafficking, key stakeholders dealing with immigration and human trafficking have revealed. This emerged during a workshop organised by the Arupe Jesuit University in partnership with the African Forum for Catholic Social Teaching (Afcast) Research Unit held in Harare yesterday under the theme “Renewing…
© TEACHERS have written to the government demanding the adjustment of their bonus, saying the 13th cheque would have been wiped out by inflation by the time they receive it. In a letter written to Public Service, Labour and Social Welfare permanent secretary Simon Masanga on November 12, eight teachers’ unions called for an inflation-adjusted…
© GOVERNMENT plans to introduce tighter measures to halt gold leakages as well as address challenges undermining output, a government official has said. In the 2020 National Budget delivered yesterday in parliament, Finance minister Mthuli Ncube said stringent measures will be put in place to arrest losses that have cost the nation millions of dollars…
©ZBC Holdings (FBC) says it recorded a $148,74 million profit after tax during the third quarter ended September 30, 2019 compared to $54,3 million in previous comparable period due to an increase in revenue. The Zimbabwe Stock Ex- change (ZSE) listed financial services group’s total net income was up 69 percent to $388,6 mil- lion…
© FINANCE minister Mthuli Ncube yesterday surprised Zimbabweans with a rare dose of good news — after he cut taxes and took several other measures to cushion the poor from the country’s current economic turmoil, the Daily News reports. These welcome measures were contained in Ncube’s 2020 National Budget — which came as Zimbabwe is…
ZIMBABWE Urban and Rural Council Nurses Workers’ Un- ion (ZURCNWU) has said its members are not moved by government’s threats to take discipli- nary action against them because they are incapacitated and not on strike. Early this week Information minister Monica Mutsvangwa told journalists during a post-Cabinet briefing that the government had directed the Harare…
© POLICE are probing one of the country’s major financial institutions Ecobank after one of its clients managed to withdraw $15 000 in crisp new notes which allegedly found their way to the black market, the Daily News reports. This comes after the Reserve Bank of Zimbabwe (RBZ) recently unveiled new bank notes and coins…
THREE people have been arrested in Victoria Falls after they were found selling a fresh lion head and skins. National police spokesperson Paul Nyathi confirmed the incident and warned the public not to buy meat from unverified sources. “On November 10, police in Victoria Falls arrested the suspects at about 1900 hours for contravening the…
