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More Zesa Tariff Hikes Coming

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) on Thursday increased domestic electricity tariffs by 50 percent, the second such raise in a week.The ZESA subsidiary – struggling to pay for power imports – warned consumers of another increase on November 1.Consumers were already smarting after the power utility on …

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Teachers Laugh Off 40pc Salary Increment

The government says it will pay its workers a 40 percent cost of living adjustment on Friday while negotiations continue for a more substantial pay packet.Information minister Monica Mutsvangwa made the announcement on Thursday as the government tried to break a strike by teachers after schools opened for exam-sitting classes …

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No More Braai, Beer At Lake Chivero

Lake Chivero that has been over the years plagued by environmental degradation will soon regain its pristine condition after authorities moved in to close beer bingeing, braaing, partying and fish poaching at the recreational park.Environmental Management Agency, Zimbabwe Tourism Authority, the City Fathers as well as Kuimba Shiri, a bird …

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Foreigners Grab Chance To Exit Zimbabwe’s Stock Market

Foreign investors who had been stuck with their holdings in Zimbabwe stocks because of hard-currency shortages have latched onto dollar auctions to exit the market and repatriate funds.The government allowed stock trading to resume on Aug. 3 after a more than five-week halt, with the central bank also freeing up …

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