HARARE – Zimbabwe’s banking sector boosted profitability in the nine months to September 2018, posting an aggregate net profit of $283,98 million, latest Reserve Bank of Zimbabwe (RBZ) figures show. This was a 76,68 percent increase from a net profit of $160,73 million dollars for the corresponding period in 2017. “The improved earnings performance was…
HARARE – An organisation calling itself War Veterans Welfare Group has dragged the Zimbabwe Broadcasting Corporation (ZBC) to court, alleging breach of contract. In an urgent chamber application filed at the High Court, the group said it entered into an agreement with the public broadcaster, in terms of which ZBC was supposed to flight advertisements…
HARARE – As part of the resolutions passed at the just-ended Zanu PF conference in Esigodini last week, it was agreed that members of the Zimbabwe National Liberation War Veterans Association (ZNLWVA) be rewarded in cash or kind for the instrumental role they played in ending colonial rule. It was therefore resolved that those who…
HARARE – President Emmerson Mnangagwa has released the Commission of Inquiry report on the politically-motivated violence of August 1, 2018, which blames the military and the police for the death of six civilians in the streets of Harare. The report vindicates the main opposition party, the MDC, for the violence; and heaps the blame on…
HARARE – President Emmerson Mnangagwa and his main political rival, Nelson Chamisa, are being pushed into negotiations by the Commission of Inquiry into the politically-motivated violence of August 1, 2018, which claimed the lives of six innocent civilians. Sign up to receive DAILY NEWS mobile phone text alerts from 5 cents a day. Dial *109*2#…
HARARE – A 21-year-old man has appeared before a magistrate here for stealing 58 metres of underground telecommunications copper cables. Charles Faira was not asked to plead when he appeared before magistrate Tendai Mahwe. He is being charged with wilful damage to, interference with or theft of telecommunications lines apparatus in contravention of section 89(4)(b)…
MUTARE – Government has pledged to reconstruct ramshackle old suburbs as part of its efforts to lure investments into the country, a minister has said. Speaking recently at a Smart Cities Summit Expo, Provincial Affairs minister for Manicaland Ellen Gwaradzimba reaffirmed plans to improve Sakubva high density suburb by replacing its squalid housing structures with…
HARARE – Collective, organised, cessation or slowdown of work by employees to force acceptance of their demands by the employer is commonly known as a strike. In 2016, English doctors staged their first strike in 40 years over government plans to reform pay, conditions of service and working anti-social and dangerously long hours. This shames…
HARARE – Information flying around, of a crippling civil service strike early next year must be taken seriously. Civil servants have told their employer that if their demands are not met, they will embark on a nationwide industrial action capable of disrupting government operations. Already, junior doctors have been on strike for over three weeks…
HARARE – MDC leader Nelson Chamisa last weekend rescued his beleaguered deputy Elias Mudzuri whom party officials wanted booted out. The MDC convened meetings of its three top organs, the standing committee, the executive committee and the national council last weekend, where agitation for Mudzuri’s ouster reached fever pitch. Mudzuri’s rivals were pushing the MDC…
