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‘Private sector now controlling Zim State’

AFRICAN Parliamentarians Network Against Corruption (APNAC) says Zimbabwe has been taken over by the private sector, a situation that has left the State fragile and vulnerable to corruption. BY MTHANDAZO NYONI Speaking during a virtual meeting organised by the Zimbabwe Coalition on Debt and Development, APNAC Zimbabwe chapter chairperson Priscilla Misihairabwi-Mushonga said the private sector was now controlling the State. “We are now completely a capitalist country and because we are a capitalist country, the private sector has come in. Unfortunately, we actually then romanticise the role of the private sector and yet we are in this mess because we have decided to move ideologically to the side of capital and we have allowed the private sector to literally take over the State,” she said. ...

Tobacco sales reach US$383,1m

ZIMBABWE’S tobacco sales have reached US$383,1 million as of day 62, representing 8% growth compared to the same period last year, data from Tobacco Industry Marketing Board (TIMB) has shown. During the same period last year, the golden leaf fetched US$353,3 million.At least 155,8 million kilogrammes have been delivered at the floors down from 187,1 million kg last year.Auction floors continue to trail behind after accounting for US$21,79 million in sales way below US$361,3 million amassed by contract floors. This year, there are 31 contract floors registered to buy tobacco and three auction floors. Established in 1936 through the Tobacco Marketing and Levy Act, the auction floor system was for years the only platform where tobacco was sold in Zimbabwe, but the contract system made its deb...

EcoCash probe delays Cassava financials

CASSAVA Smartech Zimbabwe Limited (CSZL) has announced a delay in publishing its financial results for the year ended February 29, 2020 due to investigations into its subsidiary, EcoCash (Private) Limited. BY TATIRA ZWINOIRA The investigations come as government has accused EcoCash, the largest mobile money transfer service provider in the country with over 10 million subscribers, of fuelling the parallel foreign currency market. The authorities allege that during the period January 1 to June 30, 2020, EcoCash created ghost individual subscribers, merchant billers and agents, crediting them with huge amounts of money to be distributed to runners through trust accounts. It is further alleged that this fictitious money was used to buy foreign currency on the parallel forex market. “Cassava S...

UK urges restraint as security forces clear streets on eve of planned protests

HARARE – Zimbabwe’s security forces on Thursday cleared people off streets in major cities and forced shops to close, a day before planned anti-government protests during the worst economic crisis in more than a decade. President Emmerson Mnangagwa has struggled to keep his promise to revive the economy, with many Zimbabweans complaining they are worse off than when he replaced the autocratic Robert Mugabe after an army coup in 2017. Activists have called for street rallies across the country on Friday over corruption in government and economic hardships. Soaring inflation has eroded salaries and pensions. On Wednesday, Mnangagwa said the protest would constitute an “insurrection” by the opposition. Melanie Robinson, the ambassador from former colonial ruler Britain, called for restraint f...

Perrance Shiri died from Covid-19, Mnangagwa tells mourners

HARARE – Agriculture minister Perrance Shiri died from the Covid-19 infection, becoming the first senior government official to succumb to the pandemic, President Emmerson Mnangagwa said on Thursday. Shiri, a retired general who helped plot a coup that ousted Robert Mugabe in 2017, died on Wednesday. The late liberation war veteran accused of leading a post-independence massacre of the minority Ndebele people in Matabeleland and Midlands was declared a national hero and will be buried on Friday during a closed ceremony. “Now that it is confirmed that Minister Shiri died of Covid-19, we will follow World Health Organisation regulations on how the funeral should proceed,” Mnangagwa said during a funeral wake at Shiri’s home in Harare. Shiri’s family had said they suspected he was poisoned. M...

Country risk, forex laws stall mine expansion

ZIMBABWE’S miners want to be allowed to use their gold output as security for foreign credit, saying increased country risk and central bank’s foreign currency regime has stalled expansion projects.The government has targeted mining as its main route out of the deepening economic crisis, but a new petition sent to government by miners shows how the country’s own policies — from forex laws to taxation — are hurting the industry’s prospects for growth.The Chamber of Mines, which represents large-scale miners, says they are finding it harder to raise money for expansion in Zimbabwe.“Mining companies are struggling to raise capital due to increased country risk. This has seen most expansion mining projects put on hold as most financiers are demanding offshore collection accounts as guarantor f...

NetOne board ‘disconnects’ Muchenje

BY BUSINESS REPORTERRECENTLY reinstated NetOne Cellular (Pvt) Limited chief executive Lazarus Muchenje has not been allowed to go back to work by the company’s board despite an interim High Court order to do so, NewsDay Business can reveal.The board is currently functioning as a three-member team led by acting board chair, Susan Mutangadura.In February, NetOne board chair James Mutizwa, audit committee chair Sibonile Dhliwayo and human resources committee chair Keumetsi Mpandawana resigned over alleged unprofessional conduct by Mutangadura and the remaining board members.Another board member, Douglas Mamvura was suspended for not attending meetings despite not having been notified of those meetings as per company requirement.“They (NetOne board) have not allowed Mr Muchenje to go back to w...

‘Zim fish export volumes increase by 28%’

BY MTHANDAZO NYONIZIMBABWE’S fish export volumes increased by 28% to 3 233 metric tonnes (mt) in the first four months to April this year, driven by fresh water frozen fish and frozen tilapia, according to the latest Livestock and Meat Advisory Council (Lmac) report.In value terms, the exports increased by 12% to US$6,5 million compared to the same period in 2019.Frozen fresh water fish and frozen tilapia made up 51% and 47% in quantity and 44% and 46% in terms of value, compared to the same period last year.“Producers are increasing efforts to export to counteract a declining domestic market where disposable incomes are under pressure in real terms from a depreciating local currency,” the report reads in part.“However, the outbreak of COVID-19 and its subsequent declaration as a global pa...

Pokello Nare Speaks On Allegations Of Being Busted With US$1.5 m Cash

‌  ‌ Socialite and self-proclaimed Queen of Swagger, Pokello Nare has fired back following allegations that she was busted with US$1.5 million cash by the Zimbabwe Anti-Corruption Commission. The allegations which surfaced on social media on Wednesday night claimed that the socialite had been caught red-handed with US$1.5 million cash in her posession. Upon being quizzed about the money, Pokello is alleged to have claimed that she was merely holding onto the money as it belonged to her boyfriend. Apparently, the socialite was released without charge because the alleged boyfriend in question comes from a high ranking family. ‌  ‌ Short Story #PayBackTheMoneypic.twitter.com/vG2LP3AXyY — African (@ali_naka) July 30, 2020   Having noted the allegations circulating on social medi...

Mnangagwa calls on CIO boss to claim pro-Chiwenga plot in politburo

HARARE – President Emmerson Mnangagwa confronted internal Zanu PF opponents on Wednesday with the help of Central Intelligence Organisation (CIO) boss Isaac Moyo, ZimLive can reveal. The embattled 77-year-old leader used a Zanu PF politburo meeting in Harare to accuse some Zanu PF officials of plotting against him by conspiring with the opposition, while promoting the ambitions of Vice President Constantino Chiwenga to take over. In a stark demonstration of the conflation between state institutions and Zanu PF, Mnangagwa summoned Moyo to present an “intelligence report” about a purported plot against him, believed to have been commissioned by state security minister Owen Mudha Ncube. High-level sources told ZimLive that Moyo turned up with posters allegedly printed ahead of planned anti-go...

Mnangagwa vows to crush July 31 protests, labels organisers ‘terrorists’

HARARE – President Emmerson Mnangagwa on Wednesday vowed to crush planned opposition protests on Friday, claiming that the opposition was planning an “insurrection” against his regime. Mnangagwa labelled organisers of the protests “terrorists”, echoing a label attached on the main opposition MDC Alliance by his Zanu PF party’s spokesman on Monday. MDC Alliance deputy president Tendai Biti told journalists in Harare that Mnangagwa’s plan was to “liquidate” their party as his government comes under pressure over a deepening economic crisis and the erosion of salaries by hyperinflation, which was over 700 percent in June. Police last week arrested Jacob Ngarivhume, the main organiser of the July 31 protest and journalist Hopewell Chin’ono, accusing them of inciting violence by agitating for t...

Generations The Legacy Secrets Revealed:You Did Not See This Coming

Generations The Legacy Secrets You Never Expected Generations The Legacy Secrets You Never Expected Did Tshidi’s child really die? Is Kumkani (played by Vuyo Dabula) never coming back to Generations? Will Tau Mogale not return to the show? Every once in a while, you have to dig deep to find the truth. First of all, actors take a hiatus from soapies all the time and come back. Tshidi left the show when she needed a break and resumed her role. Vuyo Dabula isn’t permanently leaving Generations, but he’s taking a break to pursue his other interests, film in particular. The set isn’t the same for him because he and Rapulana were tight on-screen and off-screen. Vuyo made history alongside Pearl Thusi by being a part of Africa’s first successful Netflix hit film’ Queen Sono and with Netflix appro...