Business

Imbibers and soft drink lovers are headed for hard times as the products are fast running out on retail shelves amid revelations that the country’s biggest producer, Delta Beverages was left with raw materials to last only one week.

Intratrek Zimbabwe’s plans to establish a 100-megawatt (MW) solar plant in Gwanda is in jeopardy after its technical partner, Shanghai-listed CHINT Electric (CHINT), was barred from accessing funds in Africa due to fraudulent practices.

National Patriotic Front (NPF) leader Ambrose Mutinhiri has been dragged to the High Court by the Zimbabwe Electricity Transmission and Distribution Company (Private) Limited (ZETDC) for failing to pay a $54 000 electricity debt.

Zimbabwe Revenue Authority (Zimra) officers are resisting a proposed lifestyle audit, arguing the exercise is targeted at harassing those in lower ranks.

United States (US) dollar exchange rate speculation has significantly driven up property prices in Zimbabwe’s capital, Harare, as buyers move to hedge against the volatile bond notes, a latest Knight Frank Zimbabwe (KFZ) report has revealed.