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THE thriving black market where basic commodities are readily affordable to consumers at cheaper prices is threatening the viability of retailers, Confederation of Zimbabwe Retailers president Denford Mutashu has said. Mutashu said the retail sector is reeling from the effects of Statutory Instrument 142 which outlawed use of foreign currency for domestic transactions. Last year,…

THE Reserve Bank of Zimbabwe (RBZ) has given the National Railways of Zimbabwe (NRZ) the green light to collect rail charges in foreign currency for goods exported under the Cost, Insurance and Freight (CIF) conditions. This comes after the ailing parastatal wrote to the central bank and to the Finance ministry seeking permission to charge…

A 65-YEAR-OLD man died on the spot and four others were injured when a suspected unlicensed pirate taxi driver knocked down pedestrians while fleeing an accident scene. The accident happened in the Central Business District (CBD) during peak hour. Bulawayo police spokesperson Abednico Ncube confirmed Neverson Siyapeyo of New Lobengula who was driving a Honda…

THE absence of an alleged fugitive, a top Defence ministry official, Davison Muvandi, who is at the centre of a cleaning services scam involving $300 000, has resulted in delays in completing investigations into the matter. Muvandi, who is the director finance and human resource at the ministry, is the owner and signatory of Maid…

Agriculture minister Perrance Shiri has admitted his ministry’s shortcomings in delivering its key mandates which include ensuring food and nutrition security as well as foreign currency generation. Shiri made the remarks at a time when more than half of the country’s population is food insecure and reeling from the El Nino-induced drought. Speaking at the…

PRESIDENT Emmerson Mnangangwa’s former top aide, Douglas Tapfuma, who is accused of corruptly acquiring duty-free certificates for car imports, said the chief accounting officer in the President’s Office Ray Ndhlukula should have been treated as an accomplice since he authorised the documentation. Tapfuma is being accused of evading car import duty using the State Residences…

HARARE businessman Stephen Margolis was brought to court on theft of trust property charges after allegedly disposing a client’s car that he held as surety over a debt. Margolis, 68, who owns Stephen Margolis Resort, appeared before Harare magistrate Yeukai Dzuda and was remanded to February 18 on free bail pending finalisation of investigations. The…

THE Grain Millers Association (Gmaz) has expressed concern over the channelling of maize-meal into the black market in a development that has seen the organisation moving to curb leakages in the supply-distribution chain. The country has been facing maize-meal shortages after the government briefly removed subsidies on grain sold to millers, with President Emmerson Mnangagwa…