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1-10 results from 1000 for query «currency»

January 13, 2019 3:37 PM MDC meets over economic crisis

The Nelson Chamisa-led MDC will this week meet to discuss the way forward on how to put more pressure on President Emmerson Mnangagwa to solve the current economic crisis. MDC spokesperson Jacob Mafume told the Daily News on Sunday yesterday that Chamisa will deliver an address on the current economic situation and this will be followed by two crucial 65

January 12, 2019 4:46 PM Ex-minister pushes for Zimdollar

Former deputy Finance minister Terence Mukupe, said without reintroducing local currency and having a serious reengagement with the United States of America (USA) the country will continue to suffer. Posting on his Twitter account, Mukupe said the authorities must make bold decisions to take the country out of this crisis. “With the twin deficit we have…. Our situation 65

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 59

January 9, 2019 5:03 AM Govt suspends duty on commodities

Suspension of duty on selected commodities among them luxury and public service buses, ammonium nitrate fertilisers, fertilised eggs for hatching and powdered raw milk among other critical goods, came into effect on Wednesday last week, according to Government Gazette published on Friday. Some of the goods on the exemption list include raw wine all for approved 25

January 4, 2019 12:11 PM Delta reverses forex decision

Zimbabwe’s largest brewing company Delta Beverages, part owned by Anheuser-Busch Inbev, said it has abandoned a plan to only accept hard currency payments to cope with a crippling shortage of U.S. dollars, after the government intervened. Delta Beverages announced on Wednesday that it would only take payments in U.S. currency and would no longer accept 23

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

January 2, 2019 3:34 PM MSU dismisses fee hike reports

The Midlands State University (MSU) has dismissed as fake reports circulating on social media alleging that the institution has hiked tuition fees. In a statement, the MSU said it noted with concern false statements circulating on various social media platforms to the effect that it has increased tuition fees for the 2019 academic year and that local 23

January 1, 2019 1:46 AM Pay civil servants in hard currency: Chamisa

Government should make efforts to pay civil servants salaries in foreign currency, MDC president Nelson Chamisa has said. This comes as the on-going strike by doctors has entered its fourth week, after the government failed to address their grievances and demands — resulting in operations at public health institutions being severely affected by the industrial 25

December 28, 2018 4:52 PM Delta appoints new non-executive directors

Delta Board of directors has appointed three new non-executive directors to join the panel. In a statement, Delta chairperson Caanan Dube said Ema Fundira, Lucia Swartz and Richard Rivett-Carnac are the new non-executive directors who will effectively commence work from January 1, 2018. This also comes after Delta’s Africa Zone president resigned while 26

December 27, 2018 3:34 AM Zimplats pockets $13,6m in export incentive

The country’s largest platinum miner, Zimplats has this year generated $13,6 million in export incentives, reflecting a marginal decrease of 2,9 percent from last year’s figures. In 2017, the company’s revenues from the export incentive scheme were at $14 million. Zimplats chief executive officer, Mr Alex Mhembere, in a statement accompanying the company’s 24