Business News 

Pictures: ZRP increased salaries leaked

ZRP increased salaries leaked: Pic. In a development that comes at a time, there are swelling rumours that there is growing disgruntlement and indiscipline in the country’s security sector, government has moved to increase salaries of members of the Zimbabwe Republic Police (ZRP) which will see the lowest paid constabularies getting $ZWL 3,200 with assistant commissioners expected to get a gross salary… Read More
Business News 

400% rates hike for Bulawayo . . . Govt okays council budget

Nqobile Tshili, Chronicle Reporter  GOVERNMENT has approved the Bulawayo City Council (BCC) 2020 budget which has seen the local authority increasing tariffs and other service charges by more than 400 percent with effect from February 1. In a statement yesterday, the council said Government had approved its $2,8 billion budget. “The City of Bulawayo would like to advise members of the public… Read More
Business Development Discussion News Technology 

Supreme Court clears path for Mbada Diamonds to resume mining in Marange

Marange Resources obligated to renew licence as part of agreement allowing Mbada to mine in ‘perpetuity’ HARARE – The Supreme Court has directed Marange Resources to pay renewal fees that would enable Mbada Diamonds’ principals, Mauritius-registered Grandwell Holdings, to resume mining operations in the Chiadzwa diamond fields in line with a special grant agreement entered between the parties in 2009.… Read More
Business Development News Politics 

Information Minister Mutsvangwa Commissions Studio For independent Producers

Information and Broadcasting Services, Senator Monica Mutsvangwa has commissioned a studio at the ZBC Pockets Hill for independent producers. ZBC News reports that Mutsvangwa was full of praise for the state-run broadcaster for ensuring that its competitors have access to facilities that will enable them to play a diverse and critical role in the broadcasting industry. The publication further reports… Read More
Business News 

Civil servants accept 140% salary increase

ByStaff reporter GOVERNMENT workers have accepted a 140% salary hike starting this month, a union official said on Wednesday. Soaring inflation has eroded salaries and savings, and workers were claiming incapacitation to continue attending their workstations. Zimbabwe is grappling with its worst economic crisis in a decade, marked by shortages of foreign exchange, food, fuel, electricity and medicines. Earlier this… Read More
Business News 

RBZ hikes minimum capital for banks

Golden Sibanda THE Reserve Bank of Zimbabwe (RBZ) has set new US dollar linked minimum capital requirements for banks and other financial entities, effectively hiking the lowest regulatory capital thresholds for the banking sector. The RBZ last year set 2020 minimum capital threshold for large indigenous commercial and all foreign banks  at $200 million, but kept them at $25 million… Read More
Business News 

“Give the Reserve Bank a monopoly and control over gold buying and exports”; Eddie Cross

ByStaff reporter I am not sure of the details but around the year 2000, a geological exploration team found alluvial diamonds at Marange in Zimbabwe. They cut trenches and did further exploration for a number of years until, in 2006, they decided to abandon the claims and moved off-site. They left behind the shell of a land rover with a… Read More
Business News 

VIDEO: ‘Paranoid’ Acting President Chiwenga refuses to drink champagne at airport

ByStaff reporter ACTING President Constantino Chiwenga today refused to drink his share of the Champagne that was meant for toasting to the newly acquired plane today at the Robert Gabriel Mugabe International Airport on Monday afternoon. The drinks were opened by Air Zimbabwe catering crew and handed to the senior officials who included Transport Minister Joel Biggie Matiza as well… Read More