Browsing monthly archive
United States dollar notes could soon become extinct in the economy as their supply continues to dwindle on the market. A retailers’ conference heard last week that Zimbabwe could be forced to knock on South Africa’s door for formal adoption into the rand community, . With Greshman’s law of bad money driving out good money […]
Two foreign firms from South Africa and India are eyeing a significant stake in the country’s second largest ferrochrome producer, Zimbabwe Alloys (ZimAlloys). ZimAlloys has been searching for investors to inject cash in its operations despite the risk of losing half of its mining claims to government. A former subsidiary of Anglo American Corporation, ZimAlloys […]
A breakway trade union for telecommunications workers has applied for registration with the acting registrar of labour, a development likely to divide sector workers.
By Cyril Zenda When the Zimbabwe Electoral Commission (ZEC) announced that the country was going to adopt Biometric Voter Registration (BVR) system for use in the 2018 harmonised elections most of those that have known the Government of Zimbabwe found this overture to be too good to be true. Coming as it did — a […]
Suspended Harare town clerk, James Mushore, has taken his case to the Labour Court. Mushore was suspended by Local Government, Public Works and National Housing Minister, Saviour Kasukuwere, in March last year. Kasukuwere argued that his appointment was in breach of the Urban Councils Act (UCA) and that the city fathers should have sought […]
The country’s 92 local authorities could lurch into serious financial crisis because the majority of their residents are no longer paying rates in anticipation of another debt cancellation as the country heads towards make-or-break harmonised polls in 2018.
By Shame Mukoshori The majority of employees outside the public sector are toiling for months on end without pay while their bosses are living large as the gap between the haves and have-nots continues to widen in crisis-hit Zimbabwe, the Financial Gazette can exclusively report. In a 36-page report titled “Working Without Pay, Wage Theft […]
President Donald Trump’s ex-national security adviser, Michael Flynn, wants immunity to testify on alleged Russian election meddling, his lawyer says. Robert Kelner says his client “has a story to tell”, but needs to guard against “unfair prosecution”. Mr Trump said that Mr Flynn was right to ask for immunity, accusing Democrats of orchestrating a “witch […]
The body of Kim Jong-nam, the half-brother of the North Korean leader, has been returned to North Korea under the terms of a deal agreed with Malaysia. But it remains unclear what that means for the investigation into his death, writes BBC Southeast Asia Correspondent Jonathan Head. It was with barely disguised relief that Prime […]
South Africa’s Deputy President Cyril Ramaphosa has described the sacking of Finance Minister Pravin Gordhan as “totally unacceptable”. His late night dismissal on Thursday led to a 5% plunge in the value of the currency, the rand. Mr Gordhan was seen as a bulwark against corruption in an administration that is facing growing criticism. He […]