CONSUMERS of electricity should get ready to pay more for power to enable the cash-strapped government of President Robert Mugabe finance critical commitments, without which Zimbabwe could plunge into darkness, the Financial Gazette can exclusively report. (more…)

“THEY should fire as many as they can, even if they can fire all of them,” regaled Lloyd, a second hand clothes vendor plying his business on a street pavement near Harare’s Copa Cabana bus rank. (more…)

THE incessant factional fights raging within President Robert Mugabe’s ruling ZANU-PF party are becoming increasingly costly to the already struggling country in terms of financial resources, investor confidence, policy consistency as well as lost time and opportunities, analysts warned this week. (more…)

THE tax black hole reported by the Financial Gazette’s Companies & Markets (C&M) in February this year to have hit US$1 billion since 2009 has climbed to US$1,4 billion, high level government sources indicated this week. (more…)

PRESIDENT Mugabe has called for the urgent amendment of the Labour Act Act which has triggered an avalanche of job losses in the country based on the recent Supreme Court ruling on termination on three months notice. (more…)

JOHANNESBURG - Barclays Africa Group said talks to buy its parent company’s operations in Egypt and Zimbabwe have been accelerated following management changes at Barclays. (more…)

GOVERNMENT is planning to implement cost reflective power tariffs — under which higher users will pay more — to reduce the high consumption of energy in the country which is battling power shortages, an official said on Tuesday. (more…)

THE Supreme Court ruled Monday that there was no legal basis compelling employers to pay workers housing, education and other allowances, dealing labour another mortal blow as thousands are already being fired without benefits in a tanking economy. (more…)

ZIMBABWE'S largest mobile phone operator Econet Wireless has partnered with a family trust of founder and executive chairman Strive Masiyiwa in launching an e-commerce service as the group seeks to drive volumes for its mobile money transfer platform. (more…)

ZIMBABWE'S PER Lusulu Power has signed an agreement with China State Construction Engineering Corp Ltd to build a coal power station in April next year. (more…)