FINANCE deputy minister Clemence Chiduwa yesterday said the government had no plans to dump the free-falling Zimbabwe dollar, adding that authorities would instead ramp up surveillance and penalise businesses using the black-market rate. Businesses are pricing goods and services in United States dollars while some are using the parallel market …
Read More »Mukuru To Sponsor Crystal Palace
International money transfer agency Mukuru, which was founded by Zimbabwean Rob Burrell, will become a sleeve sponsor for English Premier League club Crystal Palace for the 2022/23 season, the club announced on Wednesday. Founded in 2004, the UK-headquartered company is now one of the largest money transfer providers in Africa …
Read More »Zim’s Second Hand Clothes Smuggling Mastermind Gets US$500k Assets Frozen
A MAN from Mutare suspected to be the mastermind of a syndicate smuggling second-hand clothes into Zimbabwe from Mozambique, Edward Muhamba, has seen his property and trucks worth US$500 000 frozen by the High Court until he explains how he acquired them. The High Court gave him 30 days to …
Read More »Nurse Aid Certificate The New Gold
FOR 35-year-old Lorraine Siziba, attaining a nurse aid’s certificate is nudging her closer to achieving her goals. Siziba has never been formally employed since completing a Bachelor’s degree five years ago. She completed her studies in land surveying with flying colours, but finding a job has been an uphill task …
Read More »Blanket Manufacturers Cry Foul Over Smuggling Cartels
Staff Writer Companies in the business of manufacturing blankets are feeling the heat emanating from the soaring smuggling reportedly run by cartels at the country’s border posts. It has also emerged that those in the business of manufacturing groceries are crying foul as the cartels bring in cheaper goods manufactured …
Read More »Bring Us Money, Not Your Votes
…Diaspora puts president under fire PRESIDENT Emmerson Mnangagwa has come under heavy criticism for wanting to abuse diasporans by luring them into investing millions of dollars in the country, while he continues denying them the right to vote. Mnangagwa on Monday spoke about diaspora investments while addressing thousands at the …
Read More »Broke NRZ Coughs Up US$3,5m On Locomotives, Wagon Hire
THE cash-strapped National Railways of Zimbabwe (NRZ) is spending approximately US$3,5 million annually towards hiring locomotives from foreign companies, with revelations that the rail firm is currently battling a dwindling revenue base, the Zimbabwe Independent can report. The NRZ is the principal transporter of heavy cargo, and revenues have been …
Read More »Dismissed NMB Workers Take On Employer
The National Employment Council had reinstated the 26 and NMB filed an appeal at the Labour Court where Justice Godfrey Musariri on March 22 ruled in favour of the employees. NMB, through its head of human capital Pamela Chinhoyi, has given notice to appeal at the Supreme Court, saying Justice …
Read More »Fuel Cost Increases Ignite Bread Price Spike
GOVERNMENT’S failure to provide Real Time Gross Settlement (RTGS) fuel and the increase in United States dollars fuel prices have triggered the latest rally in the cost of producing bread. As a result, a standard loaf of bread now costs more than US$2 after its price shot up by 30% …
Read More »Why Chinese Bankcard Chips May Not Ease Putin’s Economic Pain
Cut off from international payments systems by Western-led sanctions, Russia has turned to China to obtain the microchips it needs to meet surging demand for its domestic bank cards. But while Chinese manufacturers may be able to provide a quick fix for Russia’s besieged financial institutions, they are unlikely to …
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