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ZIMBABWE will experience more power cuts in December due to maintenance being carried out at Kariba South power station, a Zimbabwe Power Company official said. Acting Kariba Power Station general manager Charles Bhebhe said Unit 6 will be shut down for six weeks from December 8, taking 125 megawatts off…
THE ruling ZANU PF party’s highest decision making body outside congress – the politburo – converged on November 13 at its national headquarters to deliberate on various issues affecting the organisation. The explosive meeting resolved to suspend party national spokesperson Rugare Gumbo for five years who has been underfire in…
PARALYSIS has gripped the country’s major hospitals across the country after a deadlock between the Ministry of Health and Child Care and the striking doctors that has seen the latter not returning to work. Most patients at referral hospitals such as Parirenyatwa and Harare Central Hospital in the capital are…
A SENIOR Reserve Bank of Zimbabwe (RBZ) official has blamed poor corporate governance for the collapse of many banking institutions in the country, saying delinquency by management and shareholders had ruined most financial institutions. About 20 banking institutions have closed since 2000. The notable casualties include Trust, Genesis, Royal, Barbican,…
THE ruling ZANU-PF could be headed for a devastating split at its elective congress to be held in early December with none of the factions fighting to succeed President Robert Mugabe willing to make concessions that could save the 51-year-old party from disintegrating. The Politburo — the most powerful organ…
ZANU-PF must surely have plucked and perfected a few leaves from Adolf Hitler (1889-1945), the man squarely blamed for the outbreak of, perhaps, the greatest war in the history of the world and mankind — the Second World War. Reading through his autobiography, Mein Kempf (My Struggle), written in prison…
WEAK sentiments that prevailed on the Zimbabwe Stock Exchange (ZSE) this month resulted to the market recording its biggest fall in October since January. The bearish trend has been worsened by the miniscule funding that is available on the market and intense money market illiquidity. Analysts said some investors were…
THE value of business generated online in Zimbabwe is now worth over $500 million annually as internet penetration continues to rise, according to technology blog, Techzim. TechZim publisher, Limbikani Makani said his company had conducted a research on the business, adding that the figure included revenue from internet publishing, social…
THE Movement for Democratic Change (MDC-T)’s highest decision-making body, the National Council, meets in Harare this morning to decide on double nominations whereby certain of its officials were selected to run for two positions. Among those affected by the double nominations is party spokesperson Douglas Mwonzora, who is torn between…
