Zimbabwe Government To Review Lockdown

ZTN Correspondent Zimbabwe will decide whether or not to extend its 21-day lockdown at the end of the period. The country’s leader, President Emmerson Mnangagwa, said this as he toured suburbs in the capital Harare on Sunday.He visited Mabvuku, Tafara, Kuwadzana, Mufakose, Budiriro, Glen-View and Chitungwiza; and was pleased with citizens’ response to the lockdown. […]

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Air Zim suspends Joburg flights

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 […]

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ZSE extends reporting deadline

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 […]

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Zimbabwe insurers pay out over ZWL$1,2 billion claims in 12 months

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 […]

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Zim moves to stabilise exchange rate

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 […]

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Zim cash surplus hits ZWL3bn

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 […]

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Fuel prices increase but…

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 […]

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