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Price Increases Dent Mutasa Roads Rehab

By Manicaland MUTASA district has this year received over $400 000 from the Zimbabwe National Road Administration (ZINARA) for the construction, rehabilitation and maintenance of at least six roads. Some of the projects, which started early this year and were expected to be complete by the end of this month, …

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Ncube Sets Privatisation Timelines

By Tinashe Kairiza Finacne minister Mthuli Ncube has set timelines for the disposal and partial privatisation of a number of state-owned enterprises, as part of a raft of measures to revitalise Zimbabwe’s fragile economy. A new audit report by Auditor-General (AG) Mildred Chiri has revealed that 23 insolvent parastatals are …

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Airzim-Zimairways Merger Talks Collapse

By Andrew Kunambura Merger talks between flag carrier Air Zimbabwe (AirZim) and the dodgy Zimbabwe Airways (ZimAirways) to create a merged state-run airline have collapsed after a nominee shareholder demanded to be paid US$2 million from government, it has emerged. Government announced last month that plans were underway to merge …

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Austerity Measures Set to Hit Hard Civil Servants

By Kudzai Kuwaza A raft of austerity measures government is mulling, which will, among other outcomes, lead to massive retrenchment, will hit civil servants hard and is contrary to President Emmerson Mnangagwa’s electoral campaign promise to create employment. The wage bill, which gobbles up 90% of government revenues, leaves very …

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Daunting Task for Zimra to Recover State’s U.S.$4,5 Billion

By Nkululeko Sibanda The Zimbabwe Revenue Authority (Zimra) faces an uphill task of collecting about US$4,5 billion owed to Treasury by the private sector, Finance minister Mthuli Ncube has disclosed. Speaking to parliamentarians in Bulawayo last week at the 2018 pre-budget seminar, Ncube said there was pressure from industry on …

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Audit Exposes Rot in State Entities

By Zvamaida Murwira The Zimbabwe National Road Administration (Zinara) and National Oil Infrastructure Company of Zimbabwe (NOIC) officials were using personal bank accounts for employees outside Harare to administer cash transactions for their entities, thereby exposing their funds to abuse, an audit has shown. In her financial year ending December …

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Chamisa Apologises for ‘Stupid’ Foot-in-Mouth

By Staff Reporter MDC Alliance leader Nelson Chamisa was late Thursday night forced to apologise after a mid-afternoon foot-in-mouth gaffe in which he described activists who caused mayhem in Harare on August 1 “stupid”. Chamisa had told journalists attending his party’s media briefing earlier in the day that the protests …

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Simbisa launches delivery facility

Ivan Zhakata Herald Reporter SIMBISA Brands has launched a mobile application dubbed Dial-a-Delivery (DaD), which boosts the efficient delivery of products to customers through centralised call centres. Through DaD, consumers just place orders through the phone and meals are immediately dispatched. All orders are mapped and tracked in the system …

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Employers in dilemma over pay rise

AS pressure begins mounting on companies to raise salaries and wages following erosion of buying power due a recent spike in prices, employers have warned they cannot absorb any further increase in production costs without passing them on to the consumers. The cost of living sharply rose in the past …

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