08 Sep, 2020 Urban and rural councils will share $2.9 billion to boost water and sanitation with special priority on ensuring every school has a borehole. Announcing the new disbursement of devolution funds, Local Government and Public Works Minister July Moyo said every local authority was expected to receive its share before the end of the [...]
Read More »Assets/investments valuation dilemma for pensions and insurance sector
7 Sep 2020 DETERMINING the value of assets or investments has become a nightmare for the country’s insurance and pensions industry in view of the prevailing currency volatility, which makes harmonisation of business models difficult as entities seek to hedge against inflation, industry experts have said. While the local currency is inching towards stability at [...]
Read More »Consolidate cargo piles up at Beitbridge Border Post
07 Sep, 2020 TRUCKS, mainly those carrying goods known as ‘consolidated cargo’ have been piling up at Beitbridge Border Post in the last five days after the Zimbabwe Revenue Authority (Zimra) introduced 100 percent compliance searches. Cross border transporters commonly known as ‘Omalayitsha, have accused the tax authority of implementing the new system while ill [...]
Read More »ZIMPOST celebrates 20th anniversary
7 Sep 2020 The year 2020 marks ZIMPOST’s 20th anniversary following the unbundling of Posts and Telecommunications Corporation (PTC) and subsequent formation of ZIMPOST and other successor companies. The year also marks 130 years of Postal Services in Zimbabwe since the establishment of the first Post Office in Rhodesia in 1890. The first Post Offices [...]
Read More »Pensions, insurance sector shows resilience
07 Sep, 2020 Tawanda Musarurwa Senior Business Reporter Zimbabwe’s pensions and insurance sector is showing resilience to the Covid-19 crisis, with players in the sector continuing to pay out benefits and claims during the peak phase of the pandemic. Despite the sector being weighed down by the double whammy of reduced contributions and premiums on [...]
Read More »Zimplats delivers strong performance
7 Sep 2020 Zimplats, Zimbabwe’s biggest platinum group producer, delivered another strong performance in the full year to June 30, 2020, navigating challenges and threats to workers and operations from Covid-19 pandemic, to help drive positive group results for Impala. The South African based platinum group metals (PGMs) producer, however, delivered marginally lower mine-to-market Six-Element [...]
Read More »Brainy 14-year-old enrols at medical school • • • dreams of practising in Zimbabwe
Sep 7, 2020 ORDINARILY, a 14-year-old should be either in Form One or Form Two and exploring the world of teen-hood, but not for gifted Harare-based Taida Drucilla Mapara. The wonder-kid has made her way to university after scoring 15 points in the June A’ Level Cambridge examinations. Taida is not studying any other degree, [...]
Read More »Zimbabwe to expel US Ambassador?
7 Sep 2020 The President’s press Secretary George Charamba has said the American Ambassador to Zimbabwe, Ambassador Brian Nichols by speaking to eNCA and reiterating that SADC should intervene and stop the government of Zimbabwe from descending on people opposing the government creates a basis for Zimbabwe to expel him, The Standard reports. Responding to [...]
Read More »Gutu villagers embark on commercial garlic production
7 Sep 2020 With the current drive to ensure that all Zimbabweans contribute to the country’s economic revival gaining momentum, villagers from Gutu Central have ventured into garlic production for commercial purposes. Rural communities which depend on rain-fed agriculture often focus on subsistence farming but changing circumstances have seen most of them going beyond the [...]
Read More »Hotel Rwanda film hero, Paul Rusesabagina, 66, arrested
7 Sep 2020 A man who inspired a Hollywood film about the 1994 Rwandan genocide, Mr Paul Rusesabagina, 66, has been arrested for leading “terrorist movements”. He had been living in exile. The authorities did not say where he was arrested or give any further details about the accusations he faces. The 2004 film Hotel [...]
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