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January 10, 2019 5:28 AM Grand fuel heist in Zimbabwe?

Zimbabwe consumed almost 480 million more litres of petrol and diesel in six months between June and November last year than in the same period in 2017, a gargantuan 77 percent extra, at an additional foreign currency cost of more than US$200 million. Figures released by the Ministry of Energy and Power Development show that consumption of diesel and petrol 62

January 7, 2019 6:46 AM ‘Odd’ couple charms First Lady

First Lady Auxillia Mnangagwa yesterday appealed to Zimbabweans to help her locate a couple whose husband became the subject of abuse on social media after he was captured in Harare with a baby strapped on his back and carrying his wife’s handbag. In the video that went viral a few days ago, the man was subjected to verbal abuse and jeering and some went to the extent 25

January 3, 2019 5:25 PM UK shames Zim embassy

Government was yesterday left with egg on its face after Zimbabwe’s embassy in the United Kingdom was named among 23 diplomatic missions that are not paying their rates. The diplomatic missions now owe the British taxman more than £1,5 million in unpaid business rates, which should have been paid on December 31, 2017. Out of the 23 named foreign missions 32

December 28, 2018 11:57 AM NSSA loses $31m in housing tender scam

The National Social Security Authority (NSSA) lost over $31 million following a housing tender scam by its employees last year, a Harare court heard yesterday. Elizabeth Chitiga, a former NSSA general manager, appeared at the Harare Magistrates’ Courts charged with abuse of office, and magistrate Mrs Victoria Mashamba granted her $1 000 bail. Prosecuting 19

December 27, 2018 2:22 AM ZIMRA claims taxes in Zimbabwe not high

The Zimbabwe Revenue Authority (Zimra) says Zimbabweans are not highly taxed as claimed by some sections of society. Most of these taxes compare favourably with the rest of Sub-Saharan countries, Zimra Commissioner General Ms Faith Mazani, said this last week while fielding questions after unpacking the Authority’s five-year strategy (2019-2023). Ms Mazani 23

December 19, 2018 11:20 AM Cassava makes history. . . enters Zim market at US$3,8 billion

Cassava SmarTech Zimbabwe made history yesterday when it debuted in the market at a price of $1,50 per share, valuing the company at $3,8 billion. It immediately became Zimbabwe’s third most valuable company after Delta and Econet Wireless. By any measure this is easily the largest public listing in Zimbabwe’s history and the first listing in three years 17

December 16, 2018 3:40 PM Chitando invites De Beers, Vast Resources to explore diamonds

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, which would make them the first listed companies to mine there in that sector for two years, Mining minister Winston Chitando said. A spokesman for De Beers, an Anglo American unit, said in an email it was not mining in Zimbabwe and did not intend to. Vast Resources said it could 20

December 10, 2018 3:53 PM Moyo tears into Murwira

Former Higher and Tertiary Education minister Jonathan Moyo has accused his successor Amon Murwira of misleading legislators by claiming in Parliament last week that the Science, Technology, Engineering and Mathematics (Stem) programme was abandoned because of rampant abuse of resources. Murwira told Members of Parliament in the National Assembly last week that an audit 21

November 23, 2018 6:16 PM Controversial eBook, ‘No Gold in eGoli’ exposes tragic life of some Zimbabweans in SA

“There is no gold in Johannesburg. The grass is never greener in Egoli on the eastern-side of Limpopo River. There are more tears and blood to shed than laughter and bread. The glittering yellow soils that dot around Gauteng cities are shells of gold which were sucked by multi-national companies. “Most Zimbabweans streaming into Johannesburg eager to strike 27

November 20, 2018 4:29 AM Hands off Hwange, Parly told

Parliament has no authority to exercise its oversight role over private companies such as Hwange Colliery Company, neither does it have lawful powers to summon an administrator appointed by Government to appear before it, Attorney-General Advocate Prince Machaya has said. He said the Reconstruction of State Indebted and Insolvency Companies Act, which 32