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Takeover of power stations ill-advised: ZETDC
ZETDC is a subsidiary of ZESA Holdings.BULAWAYO — A unit of ZESA Holdings has warned the country’s second largest city against repossessing Bulawayo Thermal Power Station, saying the amount of power...
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CZI calls for 50pc salary cuts
Busisa Moyo, president of CZITHE Confederation of Zimbabwe Industries (CZI) – the country’s largest industrial representative body – is calling for a 50 percent reduction in salaries to enhance the...
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Zimbabwe hit by sugar shortage
Workers at Tongaat Hulett Zimbabwe downed their tools on November 27AN industrial action by employees of Chiredzi-based sugar producer, Tongaat Hulett Zimbabwe, has conspired with other factors to...
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USA to protect wild lions from trophy hunting after Cecil’s death
The steps were taken five months after the notorious killing of “Cecil,” a star lion that was a tourist attraction in Hwange National Park of ZimbabweTHE United States of America government took steps...
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Mugabe: Use of yuan will help revive Zim economy
President Robert MugabeZIMBABWE’S President Robert Mugabe said on Tuesday the planned increased use of the Chinese yuan as legal tender next year will boost liquidity and help give impetus to the...
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Zhuwao launches scathing attack on foreign investors
Patrick ZhuwaoYOUTH Development, Indigenisation and Empowerment Minister Patrick Zhuwao has launched a scathing attack on would-be foreign investors, accusing them of wanting to loot the country, press...
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Government delays paying some salaries as cash crunch bites
Finance Minister Patrick ChinamasaGOVERNMENT has delayed paying December salaries for most of its public sector workers to early next month and has not paid annual bonuses, in a sign of a cash crunch...
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Drought to cut supply, mulls higher tariffs: Zimbabwe
Zimbabwe Electricity Transmission and Distribution Company is currently supplying 1 194 MW, half Zimbabwe’s peak demandPOWER generation at Zimbabwe’s main hydro station could ease further due to a...
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Miner killed in Mimosa accident
Aquarius and Impala Platinum Holdings of South Africa each has a 50 percent shareholding in Mimosa.A MINE worker died on Monday at Mimosa Mining Company in Zvishavane, the company has announced....
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Lack of trust undermines fiscus
GOVERNMENT’S efforts to mobilise resources this year could be hampered by lack of public trust in the manner it conducts its affairs, stakeholders have said.Finance Minister Patrick ChinamasaIt is...
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Rand slump fuels ‘World Bank’ return
Appetite for the South African rand has been rapidly declining in Bulawayo“KASINTSHINTSHE, kasintshintshe! The word, which loosely translated means “let’s change,” has become the buzzword once again...
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Drought affects 2016 agric outlook
A draught-ravaged fieldTHE current EL Nino-induced weather conditions ravaging sub-Saharan African countries have resulted in most parts of Zimbabwe turning into dust bowls, as erratic rainfall has...
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MDC-T loses ground in Byo, but…
Movement for Democratic Change (MDC-T) leader Morgan Tsvangirai.Ray Ndlovu and Mandla TshumaTHE year 2015 could go down in history as the most memorable one for ZANU-PF as it was able to claim seats in...
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Tension, uncertainty grips civil servants
Public Service, Labour and Social Welfare Minister Prisca MupfumiraGOVERNMENT’S failure to commit itself to a date to pay civil servants the promised bonus has increased tension, uncertainty and...
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Doctors demand dissolution of Health Service Board
Minister of Health David ParirenyatwaAndrew Kunambura and Idah MhetuZIMBABWE doctors have vowed not to return to work unless government dissolves the Health Services Board (HSB), arguing it has failed...
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Government excludes Russian firm from diamond merger
Mines Minister Walter ChidhakwaPhillimon Mhlanga and Malvin MkuduDIAMOND mining firm, DTZ-OZGEO, a joint venture outfit between Econendra of Russia and the Development Trust of Zimbabwe (DTZ), will be...
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Mavhaire’s mine faces closure
Dzikamai MavhairePROMINENT Masvingo politician and former Cabinet minister, Dzikamai Mavhaire’s Bikita Minerals could be shutdown for destroying the environment, the Financial Gazette can exclusively...
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Zimbabwe on its last legs
Finance Minister Patrick ChinamasaZIMBABWE has plunged into an unprecedented post-dollarisation financial crisis as stock of currency continues to dwindle amid a tightening liquidity crunch that has...
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Fastjet announces new flights linking Zimbabwe and South Africa
Low -cost airline expands its pan-African network with direct international routes from Harare and Victoria Falls to Johannesburg.FASTJET Zimbabwe on Monday announced that its first international...
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Electricity Users Reject Proposed 49 percent Price Increase
Companies are struggling to pay electricity tariffs at the current rate as evidenced by the US$1 billion consumers owe ZesaGodfrey Marawanyika and Chengetai Zvauya A PROPOSED 49 percent hike in...
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