Category: Business

ZTN Reporter One of Zimbabwe’s most popular vegetable markets re-opened today with farmers and buyers alike thronging Mbare Musika to do some business. The move follows a directive by President Mnangagwa last week that farmers should bring their produce to the markets during the lock down period without hindrance, so as to feed the nation. […]

Ndaka Majaka  Air Zimbabwe will suspend it’s Harare – Johannesburg frequency tomorrow in response to the COVID19 but says it will maintain domestic flights and the Dar-es-Salaam flights. In a statement Air Zimbabwe disclosed that school tours and other charters were cancelled until further notice. “Continued operations remain guided by directives from the government as […]

Ndaka Majaka THE Zimbabwe Stock Exchange (ZSE) has given counters whose reporting periods were due, a 30 day moratorium to release earnings in light of the coronavirus pandemic. ZSE chief executive Justin Bgoni said the global outbreak, now classified as a global pandemic by the World Health Organisation, had necessitated the measure allowing firms flexibility […]

Takudzwa Chihambakwe Energy and power development minister, Fortune Chasi says the power situation in the country has improved significantly over the past few months. In an exclusive interview with ZTN, minister Chasi said if everything goes according to plan, by winter, load shedding will be a thing of the past. “The improvement we have seen […]

ZTN Reporter Zimbabwe’s insurance industry paid out over ZWL$1,2 billion dollars in pension benefits and insurance claims last year, amid indications the industry honoured tax obligations of over $260 million. Insurance claims totalled $850 million as short term insurers, spurred by the motor class, overtook life assurers to underwrite over $1 billion worth of business […]

Ndakaziva Majaka ZIMBABWE has set up a currency Stabilisation Task Force to monitor the country’s exchange rate, as fiscal authorities wrestle a runaway exchange rate, a cabinet minister has said. Finance and Economic Development Minister, Professor Mthuli Ncube told a news conference on Wednesday afternoon that going forward, Zimbabwe will adopt a Managed Floating Exchange […]

Kimberleigh Jiro TREASURY has declared a cash surplus of over ZWL3 billion, as Zimbabwe’s Finance Ministry pushes ahead with ambitions to operate a cash budget in the wake of inflationary pressures and a volatile exchange rate. Finance and Economic Development Minister, Professor Mthuli Ncube earlier today (Wednesday) said Treasury – which will now project revenue […]

ZTN Reporter FUEL prices in Zimbabwe are on the move again but there seems to be little improvement in its availability amid accusations that some retailers are the diverting the product to the informal market. The fuel companies are also accused of hoarding the product as they push for higher margins. Yesterday the Zimbabwe Energy […]