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Wednesday, January 29, 2020

Business

Mail and Telegraph Business News

Doctors and medical personnel who have been on a 35-day long  industrial action have agreed to go back to work after meeting First Lady Auxilia Mnangagwa who promised to expedite, intermediate and end the month-long impasse. In a closed-door meeting at State House, the doctors said had the First lady...
Harare - President Emmerson Mnangagwa has said the two percent transactional tax on electronic transfers is here to stay as it has gone a long way in reducing the country’s budget deficit. Addressing delegates on Thursday, at the third Annual Public Sector Audit Conference and Financial Management Awards Mnangagwa said Finance...
Zimbabwe Energy Regulatory Authority (ZERA) has not changed fuel prices despite the change in foreign currency rates. In a press statement,  ZERA Acting Chief Executive Officer Edington Mazambani said the petroleum Industry was advised that prices of fuel had not changed and operators were expected to continue selling fuel into...
Wicknell Chivhayo has a way of making life easy for himself, even in the face of adversity and calamity. Faced with legal battles, Chivhayo has opted to set social media fanatics talking after he posted himself with what he described as USD$1 million cash when the country is facing real...
The Zimbabwe Prisons and Correctional Services (ZPCS) plans to venture into commercial production of mbanje at Chiredzi Prison to raise revenue to stave off pressure and over-reliance on the fiscus. ZPCS has since formally applied to the Government for a licence to grow mbanje, among other projects earmarked for Masvingo...
Harare - Grain millers say locally produced wheat is only suitable for making cakes and biscuits with the country having to dig deeper in its dry pockets if it is to meet the demand for bread wheat. Briefing journalists in Harare Grain Millers Association of Zimbabwe (GMAZ) chairman Tafadzwa Musarara said...
Harare - The Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has directed his investigations department to immediately institute an audit  into the four senior officials suspended earlier this week on allegations of corruption. The RBZ suspended the four as reported by the Mail and Telegraph last week. The senior managers...
Mupedzanhamo Market, Harare -Vendors from the Mupedzanhamo market in Mbare said they have no links with the Stendrick (Sten) Zvorwadza-led National Vendors Union of Zimbabwe (NAVUZ). The angry vendors described Zvorwadza as a greedy person who seeks to feed off vendors through some meaningless organisations. Speaking to this publication, representatives of Mupedzanhamo market...
At least US$700 000 disbursed by the world’s soccer governing body Fifa disappeared from a Zifa account and found its way into private bank accounts of some of the association’s executive members, court documents have revealed. Zifa board member responsible for finance Philemon Machana received US$740 000 from the association’s...
Highlights of Mnangagwa's breakfast meeting (Developing) Government is working day and night to stabilize the economy. The multi-currency system is here to stay. RTGS balances and bond notes are safe as monetary instruments. No need for pressure to exchange them I fully know what is going on in the country. We as...
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