ZIMBABWEAN companies and consumers are facing severe pressure from rising cost of living as well as effects of the coronavirus pandemic, analysts have warned. Consumers’ real wages are being eroded while businesses are battling to stay afloat as inflation and currency depreciating push up costs and squeeze margins. Zimbabwe’s inflation reached a 10-year high of…
By Tarisai Machakaire HEALTH minister Obadiah Moyo was on Saturday granted $50 000 stringent bail after his arrest on Friday on three counts of abuse of office involving a US$60 million Covid-19 drugs deal. Moyo was arrested by the Zimbabwe Anti-Corruption Commission and spent a cold night in cells at Rhodesville Police Station in Harare….
THE pressure is mounting on under-fire Finance minister Mthuli Ncube, with Members of Parliament challenging him this week to fix the country’s comatose economy or resign from his Cabinet post, the Daily News reports. This comes as Ncube has effectively moved to partially re-dollarise the economy, after he awarded restive civil servants and pensioners…
HEALTH minister Obadiah Moyo, was last night arrested by the Zimbabwe Anti-Corruption Commission (Zacc) on graft charges linked to the US$60 million acquisition of coronavirus supplies, the Daily News reports. The detention comes on the back of last week’s arrest of Harare businessman Delish Nguwaya — who is the local representative of the foreign…
HARARE City Council is owed a staggering $1,4 billion by residents, business and government, principal communications officer Innocent Ruwende has said. This is attributable to a hardening economic environment in the country, which is characterised by reduced disposable income for residents and hyper-inflation. Harare’s debtors’ book grew last year from $870,4 million to $935 million,…
THE Zimbabwe Congress of Trade Unions (ZCTU) yesterday said the country has enough resources to sustain itself, but was suffering because of corrupt government officials who are looting the country dry. ZCTU president Peter Mutasa, addressing a press conference in the capital, called for a prolonged workers’ protest until the government addressed the issues…
MDC-T acting president Thokozani Khupe yesterday threatened to wield the axe on more MPs and councillors who have continued to defy her leadership by flirting with the Nelson Chamisa-led MDC Alliance, the Daily News reports. This comes as Khupe last month recalled four legislators, Chalton Hwende (Kuwadzana East), Prosper Mutseyami (Dangamvura Chikanga), Thabitha Khumalo (proportional…
AT LEAST 2 000 civil servants have been struck off the government’s payroll after failing to comply with the Public Service Commission’s directive to register under the Public Service Biometric Authentication Project (PSBAP). This emerged in a letter by secretary for the Public, Defence, Police and Prisons and Recreational Service Commissions Jonathan Wutawunashe to Primary…
Sindiso Mhlophe SENIOR STAFF WRITER mhlophes@dailynews.co.zw ©️ BOTH political and economic experts have implored President Emmerson Mnangagwa and Zanu PF to move with urgency to resolve Zimbabwe’s long running political crisis if the deepening local economic rot is to be overcome, the Daily News reports. This comes after the government awarded its workers and pensioners…
Jeffrey Muvundusi in BULAWAYO ©️ MORE health workers yesterday went on strike over poor pay and working conditions, the Daily News reports. This saw doctors and nurses in Bulawayo joining the industrial action that began in Harare on Wednesday — badly affecting services at Mpilo Central, Ingutsheni Central and United Bulawayo Hospitals. This comes as…
