Featured News

Fastjet to resume flights on April 21

Low cost carrier, fastjet Zimbabwe intends to resume operations on April 21, two days after the lapse of the country’s lockdown period, a trading statement has resumed. By Staff Reporter The trading statement revealed that all fastjet employees have accepted a voluntary salary reduction effective from the beginning of April Furthermore, the company had reduced salaries of its staff. The company was, however, optimistic that its financial situation would not take a massive knock, as it expects that reduced global oil prices will help cushion it from the financial impact from the projected low passenger demand. In March, fastjet said they were confident they had sufficient resources to meet its operational needs until the end of June 2020, but this was before the COVID-19 pandemic disrupted ...

Zimbabwe’s FX Shortage to Worsen as Virus Upends Tobacco Season

Zimbabwe’s severe shortage of U.S. dollars is set to worsen as the coronavirus threatens the start of sales of tobacco, its second-biggest source of foreign exchange. “It’s the cash flow that’s the biggest concern for everyone,” Ben Gilpin, executive director of the Commercial Farmers Union, said by phone from the capital, Harare, on Tuesday. “The people that provide finance to tobacco farmers did so until the end of March, with the expectation that from April debts are being serviced, but there is no money now.” Like its neighbors, Zimbabwe has imposed a 21-day lockdown to halt the spread of the virus. That’s shuttered mines, while remittances from abroad have also declined. The International Monetary Fund said in its latest Article IV report that the country had $109 ...

Fastjet Says Fastjet Zimbabwe Planning To Restart Flights On 21 April

* TRADING STATEMENT * FASTJET ZIMBABWE IS CURRENTLY PLANNING TO RESTART FLIGHT OPERATIONS ON TUESDAY 21 APRIL 2020 * ALL FASTJET GROUP EMPLOYEES HAVE ACCEPTED A VOLUNTARY SALARY REDUCTION EFFECTIVE FROM 1 APRIL 2020 OF UP TO 30% * SALARY REDUCTION DEPENDING ON THEIR CURRENT SALARY SCALES, WITH LOWEST EARNERS AFFECTED LEAS * EXPECTS REDUCED GLOBAL OIL PRICES TO HELP TO CUSHION FINANCIAL IMPACT OF FORECAST LOWER PASSENGER DEMAND WHEN OPERATIONS RESTART * TIMELINES DISPOSAL OF CO’S HOLDING IN FASTJET ZIMBABWE ARE NO LONGER PRACTICALLY ACHIEVABLE * FASTJET ZIMBABWE HAS FULLY PAID OFF ALL OF ITS EMBRAER EMB145 AIRCRAFT * INVESTOR CONSORTIUM CONFIRMED THAT IT REMAINS COMMITTED TO DIVESTMENT PROPOSAL * INVESTOR CONSORTIUM INDICATED THAT IT WOULD POTENTIALLY FORESEE MODIFIED TERMS OF SALE NEEDING ...

Somizi Mhlongo’s daughter Bahumi Reveals She Is Suffering From An Incurable Disease

Somizi Mhlongo’s daughter Bahumi Mhlongo, who has managed to carve her own name in the entertainment industry without the help of her father has revealed she is suffering from an incurable disease. Buhami is suffering from an incurable disease. The versatile actress posted a picture on her Instagram account which showed that her two legs are of different sizes. This prompted fans to question her about the evident anomaly. The post quickly drew a lot of comments with some being downright snide and lacking empathy. One fan asked: “Why does one leg look smaller than the other? They look out of place. It’s odd”. The comment drew a lashing from Bahumi’s fans who told the commenter off. According to sources, Bahumi suffers from a condition called Lymphedema, or lymphatic obstruction. According t...

COVID-19 holds up Prospect

Zimbabwe may have to wait a little bit longer to see development of its newest lithium mine, all due to the impact of coronavirus on raising capital on the world markets. — newZWire Prospect Resources, the Australian-listed company that is developing the Arcadia mine near Goromonzi, says it is to launch a rights issue and lay off workers, in response to the recent world market turmoil that has made raising working capital difficult. The company had planned to start development at Arcadia in 2020, but progress may now be delayed as the company cuts costs and looks to shareholders for extra money. Prospect will make a non-renounceable share rights issue to raise as much as US$2 million to keep operations running, pending finalisation of funding and off-take talks with Afreximbank and Russia’...

New York reports 731 new coronavirus deaths: Live updates

France has become the fourth country to register more than 10,000 deaths due to coronavirus, while New York reported 731 new fatalities, the highest overnight jump since the beginning of the outbreak. Meanwhile, Spain on Tuesday recorded a slight increase in the daily death toll for the first time in five days, with 743 people succumbing overnight.  More: Japan declared a state of emergency amid a spike in coronavirus cases, as Singapore began a partial lockdown and other countries extended stay-at-home orders to curb the spread of the disease.  In the UK, Prime Minister Boris Johnson, who was diagnosed with coronavirus late last month, was moved to intensive care in a London hospital after his condition worsened on Monday evening. Globally, the number of people diagnos...

Lockdowns, closures: How is each US state handling coronavirus?

As the United States continues to ramp up testing, it is seeing a rapid increase of coronavirus cases.  As of Monday, there were over 378,000 cases and nearly 12,000 deaths, according to a Johns Hopkins University tally.  The US government, especially the administration of President Donald Trump, has been criticised for a slow response, but has ramped up action in recent weeks, easing restrictions on testing vaccines and passing benefit packages for workers, employers and international corporations.  More: The White House has also recommended limiting gatherings to 10 people, among other guidelines that were issued with frank urgency but that are not mandatory.   But the states of the US have significant powers to handle the crisis, with many adopting sim...

Coronavirus: Overwhelmed US funeral homes turn families away

Funeral director Kendall Lindsay has been forced to turn 20 families away. As the number of COVID-19 deaths skyrockets in New York City, the third-generation funeral director at Lawrence H Woodward Funeral Home in Brooklyn said the demand for funeral services has increased overwhelmingly.  On March 29, the funeral home had 127 scheduled funeral services; a week later, on April 5, that number had gone up to 175, Lindsay told Al Jazeera in an email. The funeral home is not taking on any new cases because it is running out of storage capacity. “We have cases we cannot bury or cremate until April 15 … Caskets [are] in the lobby of my lower level. I have no space for them,” she said. Across New York City, funeral homes, morgues and mortuary workers are scrambling to respond to ...

Half of Zimbabwe’s population could starve if aid is not received, IMF warns

The Southern African nation needs hundreds of millions of dollars in foreign aid in coming months to fend off a humanitarian crisis that’s likely to leave more than half of the population hungry, the Washington-based institution said. “The outbreak has greatly amplified uncertainty and downside risks around the outlook,” the IMF said in an Article IV report, released on Friday. To date, Zimbabwe has nine confirmed infections and, like much of the region, the government has imposed a lockdown to halt the spread of the virus. An economic crisis marked by a dire shortage of foreign currency and power supply, coupled with the drought has increased the number of poor people in what was once one of Africa’s most industrialised countries. The fund estimates that the economy contracted 8.3% in 201...

Anxiety over rights violations as Zimbabwe enforces lockdown

Bulawayo, Zimbabwe – Off the open-air market in Bulawayo, Zimbabwe’s second city, armed soldiers and police controlled a modest queue of vegetable traders, scuttling people away as soon as they make their purchase. On a normal day, the marketplace would be a bustling hive of activity. But on Monday, as Zimbabwe entered its second week of a 21-day lockdown aimed at mitigating the spread of the new coronavirus, activity was sharply reduced. Standing near a neglected mass of open-air empty stalls covered in black sheeting is Mary Gumbo. The 69-year-old usually sells tomatoes here, but now she has to bundle her wares for resale in her neighbourhood. She complains the tight security and transport controls have reduced her earnings. “I had to get off the bus and walk to ...

WATCH: Pokello And Squad Slay ‘Don’t Rush’ Challenge

Pokello And Squad Slay ‘Don’t Rush’ Challenge Pokello And Squad Slay ‘Don’t Rush’ Challenge Social media personality and self-proclaimed queen of swag Pokello Nare seems to have taken the “Don’t Rush” challenge to a new level after she posted a video in which she was slaying with her squad. The popular TikTok challenge features participants from all over the world starting off dressed down then glowing up after “tossing” objects, such as a makeup brushes, from one to another to the sounds of Young T & Bugsey’s hit song “Don’t Rush.” Pokello Nare teamed up with London based beauty blogger, Chantelle Muneri, Travel Youtuber Naledi Makola, Charlene Roberts and Maxine Adams for the stellar video. What do you think? Below are some of the reactions to the challenge from  social media, T...

Fungibility suspension to ‘materially’ affect Old Mutual Zim share price

DIVERSIFIED financial services group, Old Mutual Limited (OML) has advised shareholders in the Zimbabwean unit that the fungibility suspension order on its shares would materially affect the share price. BY TATIRA ZWINOIRA Last month, to control the parallel market forex rate, Finance minister Mthuli Ncube placed a fungibility suspension order on Old Mutual, PPC Limited and Seed Co International Limited shares on the Zimbabwe Stock Exchange (ZSE). “The fungibility suspension order suspends every exchange control authority, directive or order granted by any exchange control authority allowing the fungibility of the company’s shares listed on the Zimbabwe Stock Exchange until March 12, 2021. It does not affect transactions conducted on the ZSE on or before March 13, 2020 and in respect of wh...