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ED warns forex dealers fuelling Zim’s economic turmoil

HARARE – President Emmerson Mnangagwa has moved a step closer towards dealing decisively with unscrupulous Zanu PF bigwigs and businesspeople who are involved in the illegal trading of foreign currency in the country. [Adz] [GoogleAd]

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Commission of inquiry to visit Byo, Gweru

HARARE – The Commission of Inquiry on the August 1 violence that ensued after this year’s harmonised elections adjourned its hearings in the capital last Friday and is expected to continue its mission in Bulawayo and Gweru this week. During next month’s session of hearings, the Zimbabwe Republic Police (ZRP) and the Zimbabwe National Army…

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Cross-border traders table policy proposal to Ncube

HARARE – Cross-border traders have proposed a raft of measures to Finance minister Mthuli Ncube to stem the erosion of their profits due to the volatile exchange rates. A significant number of Zimbabweans cross borders daily to engage in informal cross-border trade. Their policy proposals to Ncube include payment of duty in foreign currency for…

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Currency crisis leaves prices soaring

HARARE – At  supermarket in Harare, Zimbabwe’s capital, the Finance minister is staring aghast at a pack of nappies. “This is absolutely ridiculous!”, exclaims Mthuli Ncube. “$49!” A manager says it cost $23 two weeks ago, before pointing out other eye-watering items such as $20 Coco Pops. Escalating prices are all too familiar to Zimbabweans….

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City Parking revenue grows by 3 percent

HARARE – City Parking has said its first-half fee revenue increased by three percent buoyed by better collection by a newly-created standalone enforcement and compliance department. According to the Harare City Council, parking business collected $3,7 million against a budget amount of $3,6 million in the first half of this year. The increase in revenue…

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Mliswa calls on Ncube to stagger purchase of MPs’ cars

HARARE – Outspoken Independent Member of Parliament (MP) for Norton Temba Mliswa has urged Finance minister Mthuli Ncube to stagger purchase of vehicles for parliamentarians, starting with opposition legislators. This comes after government deferred the purchase of new vehicles as part of austerity measures being spearheaded by Ncube. Mliswa said vehicles were an essential necessity…

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Mutodi voices concern over Lumumba appointment

HARARE – The Information, Publicity and Broadcasting Services ministry have voiced concern over the controversial appointment of Acie Lumumba as head of the newly-created Finance ministry communications committee. Deputy Information minister Energy Mutodi, told the Daily News yesterday that the appointment came as a surprise to them, as they were never consulted. “I am afraid…

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Meet lawyers shortlisted for PG job

HARARE – Eleven lawyers are now in contention to become Zimbabwe’s next Prosecutor General (PG). This comes after Ray Goba was suspended on allegations of failing to prosecute high-profile criminals, and putting his office into disrepute by using abusive language and insulting lawyers. Goba, who was also accused of sneaking out of the country without…

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Drug crisis takes its toll

HARARE – The Zimbabwe Nurses Association has revealed that many patients are now dying at public hospitals due to the worsening shortage of drugs in the country. This comes as pharmaceutical companies have also warned the government that thousands of patients more risk dying as the health sector continues to fail to import much-needed medicines…

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‘Your days are now numbered’ – ED warns illegal forex dealers

HARARE – President Emmerson Mnangagwa has moved a step closer towards dealing decisively with unscrupulous Zanu PF bigwigs and businesspeople who are involved in the illegal trading of foreign currency in the country. As has been accurately reported by the Daily News over the past few days, Mnangagwa announced yesterday that he would soon use…

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