ACTING Finance Minister Patrick Chinamasa faces an uphill task that could be likened to an attempt to fit a square peg into a round hole when he presents the 2009 national budget today.Chinamasa has acquitted himself well as Justice Minister and his negotiating skills have helped ZANU-PF dictate…

ZITF general manager Daniel Chigaru says the dynamic take-off is quite possible if the country finds a political solution. Though the country held national elections in March last year a political solution has eluded the nation for almost a year and there appears to be no end in…

In a report titled The Consolidated Appeal Process (CAP) 2009, the United Nations said diminishing opportunities on the country’s job market were causing serious suffering among the increasingly restive Zimbabwean population.“At the close of 2008, only six percent of the population was formally employed, down from 30 percent…

Several European officials and diplomats said Bredenkamp's companies would be among the 36 added to a list of businesses subject to sanctions. It was unclear, however, whether the Zimbabwean's name will appear on the list of individuals facing sanctions - which would mean a travel ban as well…

ZIMBABWE faces another huge food deficit in 2009 due to continued falls in farm production, mounting political uncertainty and economic instability, a report by a farmers’ union said yesterday.The country is battling hyperinflation and has endured food shortages since 2000, when government began seizing farms from whites to…

A report released on Tuesday by the South African Grain Informa-tion Service (SAGIS) indicated that Zimbabwe has been South Africa’s main export market over the past season, followed by Botswana. Zimbabwe bought 19,932 tonnes of the total white maize export in the week to January 16, 2009 out…

The state collects revenue from the ZSE through stamp duty, Value Added Tax and commissions. The three revenue heads constitute seven percent of the trade on the ZSE.Government has been unable to collect revenue from the exchange since November 21 when the new rules meant to rein in…

The Financial Gazette heard this week that several companies  extended their shutdown periods from mid-January to mid-March with others having deferred their re-opening to more distant dates hoping by then there would be positive change in the country's economy.Industry had hoped for rapprochement between the country's main political…

ZABG CEO, Stephen Gwasira, People’s Own Savings Bank (POSB) head, Admore Kandlela and NMB Bank CEO, Benefit Washaya have stayed put in their positions nearly a month after RBZ governor, Gideon Gono, ordered them to leave.Gono read the riot act on POSB, NMB, ZABG and CFX Bank early…

The United Nations Children’s Fund said governments across the world, including those critical of Zimbabwe, have channeled more than US$10 million in aid through various organisations, in drugs, equipment and cash to procure water treatment chemicals to fight the fast spreading disease, but the country’s collapsing economy was…