Business

Seke residents have expressed disquiet over failure to adhere to World Health Organisation (WHO) and Government regulations and prevention guidelines on Covid-19 at the main vegetable markets.In a letter addressed to Manyame Rural District Council chief executive, Mrs Muguti, by Seke Rural Development Platform (SERDP) secretary-general Givemore Chipere, residents said …

Transport mogul, Regis Munhenzva, the president of the Zimbabwe Long-Distance Bus Operators Association, has died, Nhau has learnt. Family spokesperson and a nephew of the late Munhenzva, Lloyd, confirmed to Nhau that his uncle died at Avenues Clinic in Harare around 1pm today (Thursday). “He contracted Covid-19 a few days …

Many African countries – including Zimbabwe – have pinned their hopes for economic renewal on the African Continental Free Trade Area (AfCFTA) agreement that came into force on 1 January 2021.The AfCFTA – initially set to commence on 1 July 2020 but delayed due to the coronavirus – seeks to …

Calls for dialogue between CZR, GovtBlasts decision to backdate VAT collection By Joseph Murambiwa Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu has criticised a decision by the Zimbabwe Revenue Authority (Zimra) to collect VAT (value added tax) – currently charged at 14.5 percent – on rice imports.The tax affects …

Parastatals have been a huge let down when it comes to managing their affairs.Most of them always have their hands stretched out for a Government bailout, only to run huge losses the following financial year.It is no secret that there is gross mismanagement.Even with a huge capital injection, there is …

During the 2016-17 agricultural season, the Government of Zimbabwe sunk over US$2 billion in a scheme known as command agriculture.In fact, actual figures have never really been ascertained as it involves a twisty paper trail with several players across a number of ministries and Government departments. Some estimates put the …

4 million people gamble in Zim‘Gambling just like drugs, alcohol’Man loses wife, kids, home By Kundai Marunya Gambling is causing untold suffering in the country, with some of the results being broken marriages, theft and increased poverty.Dr Edmos Mtetwa, a lecturer at the School of Social Work in Harare, sees …

‘Normalising the abnormal’Bank notes scarcity headacheNo change for USD transactionsTransactional challenges scare away tourists By Kundai Marunya Zimbabwe’s ambitious roadmap to grow the tourism sector to a US$6 billion industry by 2023 could be derailed by the chaotic payment systems, transactional challenges and currency confusion.The envisaged post-Covid-19 60 percent capacity …

Zimbabwe’s national carrier, Air Zimbabwe, has been dealt a major blow after the Supreme Court of Zimbabwe threw out its application to have a Labour Court decision to pay or reinstate retrenched workers reversed, Nhau can reveal.The appeal was against confirmatory proceedings conducted by the Labour Court on September 8, …

Nhau Correspondent A miserable Christmas beckons for millions of Zimbabweans, one of the worst the country has experienced in years, as the economy continues to fail under the heavy weight of Covid-19 and an austerity-driven economic reform agenda.It is 17 days to go to Christmas Day, a holiday widely celebrated …