Tongaat Hulett disposes R375m Swazi-based agribusiness as asset selling continues
HARARE – In a bid to reduce its debt which stands at around R13bn by 60% by March 2021, Tongaat has embarked on an asset disposal scheme. Today the company said that it has...
May inflation slows as coronavirus lockdown weighs
HARARE –Annual inflation rose in May, albeit at a much slower pace due to due to reduced economic activity and aggregate demand during the coronavirus-induced lockdown. According to Zimstat, annual inflation for May rose...
President Mnangagwa thanks God for low COVID-19 fatalities
Farai Mabeza
President Emmerson Mnangagwa says it is through God’s mercy that Zimbabwe recorded low cases of Civid-19 as well as less fatalities compared to other countries globally.
Addressing the National Day of Fasting and Prayer...
President promises to work “twice as hard” as lockdown is relaxed
HARARE (FinX) – President Mnangagwa has further relaxed the coronavirus-induced national lockdown as he sought to re-activate what he termed ‘freedoms promised’ at the outset of the ‘new dispensation.’
In an address, which contained reminders...
Gold deliveries up 76.61% in May
Simba Rushwaya
Zimbabwe’s gold deliveries to the Fidelity Printers and Refiners went up by 76.61% in the month of May with more than 9 000 kilograms delivered this year.
Figures released by the Chamber of Mines...
Towards a free market economy for Zimbabwe
Joseph Mverecha
Introduction
Our times are uniquely difficult and have been for a while, with limited respite. The economy is dollarizing rapidly while the local currency is careering listlessly towards the edge of the universe –...
‘Insurance should be seen as an important part of business’
LUSAKA, ZAMBIA – While a lot of hard lessons have been learned from the COVID-19 outbreak, few have been as resounding as the need to hedge against unforeseen calamities.
The outbreak brought several sectors and, in...
ZESA domestic tariffs go down as it introduces additional band
Staff Writer
The Zimbabwe Electricity Transmission and Distribution Company has reduced domestic tariff structure by up to 36 percent with the introduction an additional band.
Previously, there was a three-price band for ZEDTC supplied electricity to...
Churches allowed to gather under COVID-19 restrictions as ED sets prayer day
Cynthia Chitombi
President Mnangagwa has allowed churches across Zimbabwe to gather for their services on conditions that congregants observe social distancing and not to exceed 50 people.
In announcing the Presidential National Day of Prayer and...
Teachers against schools opening
Cynthia Chitombi
The Amalgamated Rural Teachers’ Union of Zimbabwe is against government’s proposed opening of schools announcing that it would seek an interdict blocking the writing of June examinations and the opening dates.
The union is...















