THE Zimbabwe Broadcasting Corporation (ZBC) has reached tipping point after Treasury withdrew budgetary support at a time when the national broadcaster is in dire straits due to a number of factors that include mismanagement. This development comes as the Ministry of Information, Media and Broadcasting Services has instituted an audit at…
THE country’s milling industry is in crisis, with players reporting an uncertain outlook as maize and wheat output decrease to alarming levels, raising doubts over the ability of local millers to meet demand.…
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has responded to a Constitutional case in which he is accused by a former advisor Munyaradzi Kereke of corruption and misconduct, saying the application against him and the Zimbabwe Anti-Corruption Commission (ZACC) was “short on the law but long on heat,…
THE Movement for Democratic Change (MDC-T) is now caught between a rock and a hard place as factional winds blow.On the one hand, the party is now heavily fractured as cracks are emerging following questions over the capabilities of its leader Morgan Tsvangirai.Yet at the same time, the former trade…
GOVERNMENT has embarked on an audit of the diamond mining sector to plug loopholes that had seen only a few people benefiting at the expense of the majority.The country’s diamond sector has been plagued by secrecy over the years amid claims of looting of proceeds with little, if anything, going…
GOVERNMENT has been warned of more company closures this year due to lack of budgetary support for industry amid accusations that there is no political will to solve the deepening industrial crisis, the Financial Gazette has learnt.While industries have collapsed under the weight of a crippling liquidity crunch that has…
LAWMAKERS have made controversial tax proposals to enable cash-strapped councils to crawl out of the current financial quagmire, among them the re-introduction of the colonial hut tax.…
. . . 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…