The Zimbabwe Independent - The Leading Business Weekly

Govt in deep financial crisis

GOVERNMENT is continuing with its reckless spending spree — with President Robert Mugabe’s office leading the way, overspending by US$43 million — as its unsustainable budget deficit scaled almost US$1 […]
Tycoons in nasty CFI control battle

When Zimre Holdings Ltd (ZHL)’s Stalap Investments announced its offer to buy out CFI minorities last Friday, an all-out war between British tycoon Nicholas Van Hoogstraten and the Rudland brothers […]
Consolidating new normal economy through reforms

The debate around the future of the multi-currency regime is a polarised one. On the one hand are the pessimists who believe we should prepare now for a world of […]
Mugabe succession: Military involvement raises the stakes

THE row over President Robert Mugabe’s hotly-contested succession has brought the military into the middle of the battle more than ever before, as the security sector continues to brazenly interfere […]
Zim faces financial meltdown

GOVERNMENT is facing a fiscal meltdown triggered by excessive borrowing that has crowded out private sector lending, while destabilising the banking sector at the same time, it has been established.

Seventy-year-old MDC-T activist Anna Mutara looks at windows of her house that were smashed by suspected Zanu PF youths in Unit N, Chitungwiza.

Zanu PF militia revives terror base

Suspected Zanu PF youth militia have revived what local residents call a terror base at Damara in Chitungwiza’s Unit N suburb, where they have embarked on a reign of terror […]

Grace’s US$1,4m diamond ring court saga rages on

LEBANESE businessman Jamal Ahmed, who is entangled in a US$1,35 million diamond ring wrangle with First Lady Grace Mugabe, has approached the Supreme Court challenging a recent judgment by Judge […]

Politburo grills VP Mnangagwa

AS the Zimbabwe Independent accurately reported on June 23, Vice-President Emmerson Mnangagwa was put in the Zanu PF politburo dock and grilled on Wednesday by bitter rival Jonathan Moyo, who […]

Local football facilities backward

PRETTY ironic (is it not?) that the first Africa Cup of Nations since the ouster of Issa Hayatou should be in Cameroon, home country of the deposed strongman who ruled […]

Politics

I will be judged on account of my competence: Mahere

Fadzayi Mahere (pictured), a social activist and advocate, announced last month she will be contesting for the Mount Pleasant parliamentary seat in Harare as an independent candidate in next year’s […]

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Police complete US$585m siphoning probe

THE Zimbabwe Republic Police has wrapped up investigations into a case where Jinan Diamond Mining Company externalised US$585 million under questionable circumstances. The Chinese diamond company is being investigated for […]
Mugabe son-in-law now de facto CEO at AirZim

PRESIDENT Robert Mugabe’s son-in-law Simba Chikore has effectively displaced through the back door the Air Zimbabwe (AirZim) boss Ripton Muzenda after he and Transport minister Joram Gumbo travelled to Malaysia […]
Mugabe succession: Military involvement raises the stakes

THE row over President Robert Mugabe’s hotly-contested succession has brought the military into the middle of the battle more than ever before, as the security sector continues to brazenly interfere […]
Mugabe two sons evicted in Joburg

PRESIDENT Robert Mugabe’s sons, Robert Junior and Chatunga Bellarmine — notorious for a wild partying lifestyle — were recently evicted from a luxurious apartment in South Africa’s most affluent area […]

Business

Companies retrench 160 more

EIGHT companies registered their agreements to lay-off workers with the Retrenchment Board earlier this month, affecting at least 160 employees, businessdigest has learnt.

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Tycoons in nasty CFI control battle

When Zimre Holdings Ltd (ZHL)’s Stalap Investments announced its offer to buy out CFI minorities last Friday, an all-out war between British tycoon Nicholas Van Hoogstraten and the Rudland brothers […]
US ivory ban lift buoys safari sector

THE Safari Operators Association of Zimbabwe (SOAZ) sees a 30% growth in revenue following the lifting of an ivory ban by the United States, businessdigest has learnt.
Inflation to hit 7% by Dec: IMF

A 200% increase in money supply between December 2015 and May 2017 is unsustainable and could stoke inflationary pressures in the economy, the IMF has warned.
ZimRe to the rescue as CFI bleeds

The company is completely de-capitalised. Every unit has a working capital deficit. This is clear from the financials. This, in my view, clearly shows he doesn’t know how to run […]
Employers fret over Malaba remarks

The business sector has expressed concern over remarks by Chief Justice Luke Malaba over his support for the retrospective application of the law at a time employers have applied against […]

Opinion

Zim now in fiscal crisis

Finance minister Patrick Chinamasa’s mid-term fiscal policy review statement to parliament yesterday confirmed what we have been saying all along: Zimbabwe has plunged headlong into a fiscal crisis and the […]

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Chiwundura by-election exposes ugly underbelly

Securocrats often boast that most Zanu PF politicians have no clue as to how the party won the 2013 elections.
Factionalism renders govt dysfunctional

CONFLICTING pronouncements by senior government officials have gone beyond policy inconsistency and are now widely seen as a manifestation of public policy paralysis. Over and above this, the policy paralysis […]
Consolidating new normal economy through reforms

The debate around the future of the multi-currency regime is a polarised one. On the one hand are the pessimists who believe we should prepare now for a world of […]

Sport

Sables overhaul for Kenya clash

REJUVINATED Sables have made two backline changes for tomorrow’s Africa Cup tie against Kenya at Hartsfield Stadium in Bulawayo.

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‘Rainbow’ Zim cricket team restore some faith

THE notion that a win is a bonus has long been hardwired into the psyche of Zimbabwean cricket fans.
Warriors, Caps put Zim in the spotlight

MY subject matter for the last two weeks seemed to all come together with two significant results on Sunday that rather put Zimbabwean football into its rightful place.
Sables, Warriors unite

REMNANTS of colonialism are clearer in Namibia than in most parts of Africa today.
Heath Streak waves magic wand again — 16 years later

HISTORY has a strange way of repeating itself sometimes.
How our cricketers became Chevrons

I HAVE recently found myself being asked quite a few times to explain the origins of the name Chevrons in relation to Zimbabwe’s cricket team.