Business Discussion News Politics 

Mnangagwa buys massive beachfront villa in Dubai – Report

BERLIN – Spendthrift President Emmerson Mnangagwa, has reportedly bought an exquisite massive beachfront villa in Dubai, where he intends to retire or alternatively use the opulent property as an exile bolthole should he be forced out of power by another unavoidable military coup, Spotlight Zimbabwe reported. Mnangagwa, is allegedly plotting to disappear from the country into exile once toppled from… Read More
Business Discussion News 

100% bonus for civil servants

GOVERNMENT has resolved to pay civil servants full bonuses for 2019 pegged on gross income, a departure from last year when the 13th cheque was based on pensionable salaries only. In an interview yesterday, Apex Council president Mrs Cecilia Alexander said all civil servants were this year going to receive their bonuses inclusive of allowances. Last year civil servants expressed… Read More
Business Corruption News 

Zimbabwean tycoon’s children lose 13 firms

A Harare tycoon’s children might have lost control of at least 13 companies after a relative allegedly forged their signatures on registration documents following his death in 2017 amid suspicion of corrupt activities at the Registrar of Companies. Victor Cohen, who was the founder of textile giant Waverley Blankets, had made two of his daughters Amanda Berkowitz and Belynda Halfon,… Read More
Business News Politics 

When entire salary buys 7kg beef and peanut butter

HARARE – A heavily-built man presses his mobile phone, glares at the screen and shakes his head dejectedly. Two Mazoe orange crush juices, three cartons of zap nax, tasty and flavoured corn treats and biscuits are perched in a shopping trolley inside the one of the country’s largest wholesalers, Mahomed Mussa in Harare. “The prices are unbelievable. That is why… Read More
Business Development Discussion News 

Zimbabwe hoteliers count the cost of chaos

Zimbabwean hoteliers are counting the losses from business disruptions caused by demonstrations earlier this year, with African Sun – which operates hotels in Victoria Falls and Harare – saying foreign occupancy levels are down 19%. Zimbabweans staged violent demonstrations in January after the government hiked fuel prices. Government sent in security forces to crack down on the protests, which resulted… Read More
Business Development Discussion News 

RBZ: Nostro accounts safe

Andile Tshuma, Chronicle Reporter THE Reserve Bank of Zimbabwe (RBZ) yesterday dismissed social media reports claiming the Central Bank has issued notice of an impending invasion of nostro account balances. In an interview, RBZ Deputy Governor, Dr Khuphukile Mlambo said that the central bank was not considering tampering with nostro accounts now or in the near future. He said the reports were… Read More
Business Discussion News Politics 

Economy contracts by 6% but Ncube predicts 11% growth swing in 2020

Treasury said the month-on-month inflation rate was projected to fall to around 10 percent By Macdonald Dzirutwe Optimistic … Finance minister Mthuli Ncube says economy will contract by as much as 6 percent, but he expects it to positively swing 11 percent next year HARARE- Zimbabwe’s economy is projected to contract by up to 6 percent this year due to… Read More
Business Development Discussion Education Inspirational News 

Doctors mock Health Minister Moyo’s threats to fire them, vow to reach day 100

JUNIOR doctors, on strike for the past 36 days have ridiculed Health Minister Obadiah Moyo’s threats to fire them if they do not return to work, further accusing government of breaching its own contract with them. Speaking during a demonstration at Parirenyatwa Group of Hospitals on Monday soon after Moyo’s ultimatum had lapsed Zimbabwe Hospital Doctors Association (ZHDA) treasurer general… Read More
Business Development Inspirational News 

Entrepreneur scores big in SA

Latwell Nyangu, H-Metro ReporterSouth Africa based female entrepreneur, Themby Titsha, is making waves across the Limpopo after being nominated for Women in Finance awards. The awards ceremony will be held on November 2 in Sandton, courtesy of Woman of Stature Trust. Speaking from her base in Johannesburg, Themby said: “Nominations were based on recognised track record in respective field of… Read More
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