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. . . as pension crisis looms THE National Social Security Authority (NSSA) will raid all companies effective February 1 to check on their compliance with its governing statutes as it is becoming clear that the country is headed for a potentially devastating pensions crisis that could distress millions of…
ACTING Reserve Bank of Zimbabwe (RBZ) governor Charity Dhliwayo yesterday presented a monetary policy staked against a severe liquidity crunch as she gave banks relief from hefty capital thresholds that forced a scramble for offshore support. The move is unlikely to reassure bitter depositors, who have suffered great anguish since…
THE National Constitutional Assembly (NCA)’s first ever congress hangs in the balance because of differences within the party over fundamental issues.The Financial Gazette can also reveal that the party is struggling to mobilise a respectable number of participants to attend the elective congress pencilled for March.The NCA had a baptism…
Theoppy NcubeStaff Reporter BULAWAYO — A number of new political parties have sprung up in the aftermath of the July 31, 2013 elections, suggesting that the race for power could be tightly contested in the 2018 elections.…
FORMER deputy Prime Minister Arthur Mutambara (pictured) has made an unceremonious exit from the grand political stage, quietly slipping into the shadows.Ever since the expiry of the unity government last year, Mutambara has gone quiet, amid indications that only his closest friends and relatives know about his whereabouts.Analysts said the…
THE US$206 million Plumtree-Mutare road rehabilitation project has stopped after lead contractor, Group 5 of South Africa pulled out after Zimbabwe defaulted on loan repayments to the Development Bank of Southern Africa (DBSA).…
ZIMBABWE’S food situation remains precarious and is certain to compound the difficulties already being faced by government, which is desperate to slam the brakes on an economy that has been in decline since 2000.…
NEARLY all the country’s newspapers are sitting on costly lawsuits, some of which have claims of above US$1 million thereby putting on a dent on their going concern status.Zimbabwean politicians and other influential citizens are proving to be highly litigious, but some of the exorbitant claims in alleged damages are…
A LARGE number of quoted companies could delist this year as the wider macroeconomic environment remains dire, with the government’s fiscal policy announced in December failing to lay out a strong foundation for economic recovery.…
PAGE4 Bulawayo eases water cuts Ray NdlovuAssistant Bureau Chief THE Bulawayo City Council (BCC) has relaxed its water rationing programme following the heavy rains that have pounded the country in recent weeks although city fathers have been quick to warn residents to continue using the precious liquid sparingly.…
