Business – Page 649 – newzimbabwevision

‘Grace Mugabe’s Mazowe Orphanage, and schools and business empire to be turned tourist attraction centres’.-Zanu PF regime,

Posted on September 16, 2016 by newzimbabwevision

THE Zanu PF government has launched a campaign to turn First Lady Grace Mugabe’s Mazowe Orphanage, primary and secondary schools and her multi-million-dollar business empire in Mashonaland province into a tourist attraction centre. Yesterday, Tourism and Hospitality Industry deputy minister Anastasia Ndlovu led a delegation that included Zimbabwe Tourism Authority (ZTA) chief executive officer Karikoga Kaseke on a tour of the facilities in preparation for the awarding of the tourism status. “This sector…

‘Bond notes will start circulating by the end of next month’- Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya

Posted on September 16, 2016September 16, 2016 by newzimbabwevision

THE Reserve Bank of Zimbabwe (RBZ) has announced that bond notes will start circulating by the end of next month with an initial equivalent of about $75 million injected into the market by the end of the year. Presenting his Mid-Term Monetary Policy Statement yesterday, RBZ Governor, Dr John Mangudya, said the bond notes strategy would impact positively on the economy as he appealed for Zimbabweans to have trust and confidence in the merits of the…

Govt transfers senior staff from Mnene Mission Hospital over US$400 000 fraud through tender flouting

Posted on September 16, 2016 by newzimbabwevision

THE Government has transferred senior officials at Mnene Mission Hospital in Mberengwa to bring sanity to the scandal- ridden health institution. They include the Medical Superintendent Dr Nyasha Makura and the District Medical Officer Dr Pascal Nyachowe. Apart from being prejudiced of about $400 000 by three senior officials after they allegedly defrauded the institution by flouting tenders and inflating prices, there are reports that 700 bags of cement have gone to waste and…

MORE than 300 gold panners have been trapped in a 150 metre deep mine shaft at Durban Gold Mine in Bubi District since Monday.

Posted on September 16, 2016 by newzimbabwevision

MORE than 300 gold panners have been trapped in a 150 metre deep mine shaft at Durban Gold Mine in Bubi District since Monday. Yesterday, the illegal miners were involved in a standoff with officials from Duration Gold which owns the mine as they were refusing to come out of the shaft, fearing arrest. The mine owners had brought rescue teams. The illegal miners are said to have invaded the mine last week after allegedly…

‘Budget proves Zanu PF has failed to deliver 2.2 million promised jobs, lost grip and control of corruption and is officially broke’-MDC

Posted on September 11, 2016 by newzimbabwevision

The MDC led by Welshman Ncube has said a raft of measures announced by Zanu PF government’s Finance Minister Patrick Chinamasa in the Mid-term budget review statement confirm Zanu PF failure to deliver on its political statements made during 2013 election campaigns. Party’s spokesperson Kurauone Chihwayi said it is now clear that Zanu PF lied about its capacity to create employment and a better economic environment. “The mid-term budget statement confirms that the Robert…

IMPACT of Zimbabwe’s’ disastrous, white commercial farmer evictions on dairy

Posted on September 11, 2016 by newzimbabwevision

At independance in 1980, Zimbabwe’s annual milk production was 150 million litres, growing steadily to 256 million litres by 1990 before spiralling down to a mere 36 million litres by 2009 when the lawless, murderous, white farmer evictions from commercial farms, collapsed a vibrant Agricultural system, that at one time was the ‘bread basket of Africa’ feeding the continent but is now just a pale shadow of its former glory, a ‘basket case’ for…

Reserve Bank of Zimbabwe is importing at least US$10 million weekly and wants to introduce bond notes to ease cash shortages.

Posted on September 11, 2016 by newzimbabwevision

THE United States has set in motion a plan to “collapse the Zimbabwean economy overnight” by restricting US dollar imports into the country, our Harare Bureau has gathered. Part of this plot involves violent street protests against the scheduled introduction of bond notes aimed at easing US dollar cash shortages that began in April 2016. However, US Zimbabwe Embassy spokesperson Ms Karen Kelly could not be reached for comment yesterday. But Finance and Economic…

‘ Govt to cut pay, trim civil service by 25000 and suspend bonuses for two years’-Patrick Chinamasa

Posted on September 10, 2016 by newzimbabwevision

AS part of bold measures to reverse an unsustainable consumptive position, Government has embarked on a civil service restructuring exercise which includes a reduction in employment numbers by 25 000, a cut on salaries and allowances and foregoing of bonuses for two years. Government will also rationalise the number of embassies and consulates, review class travel arrangements of all officials including ministers, parliamentarians, independent commissions and authorities andState enterprises’ officials and a reduction in foreign…

Choppies shareholders VP Mphoko’s family , open Motovac spares in Bulawayo with co-owners, Botswana-based Patel family

Posted on September 10, 2016 by newzimbabwevision

REGIONAL automotive spare parts retailer, Motovac Group, which opened its doors for business in Bulawayo yesterday, plans to open another branch in Harare by September next year. The new business is co-owned by Vice President Phelekezela Mphoko’s family and the Botswana-based Patel family. The Mphoko family is a key shareholder in a regional supermarket chain, Choppies Enterprises, which has about 30 branches across the country. Partner and Choppies Zimbabwe director, Mr Siqokoqela Mphoko,…

‘Zanu PF commissar Kasukuwere, after grilling by Mugabe over Magaya, is picked up by CID Serious Fraud Squad over countless allegations’

Posted on September 9, 2016 by newzimbabwevision

Zanu PF national commissar and Local Government minister Savior Kasukuwere was reportedly picked up by the dreaded Criminal Investigations Department Serious Fraud Squad for questioning over countless allegations. On Wednesday, President Robert Mugabe cornered Kasukuwere just before a Politburo session over illegal sale of land to rape accused Walter Magaya. Kasukuwere denied Mugabe’s accusations but Mugabe stood his ground.However, the source said Kasukuwere spent time at the CID today. “He was picked up by…

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