Tag: Economy

Mugabe, Zimbabwe to soften controversial foreign company law

Mugabe, Zimbabwe to soften controversial foreign company law

Zimbabwean President Robert Mugabe has announced plans to water down a contentious law obliging foreign companies to hand over most of their shares to black Zimbabweans. The “indigenisation law” has been blamed for choking off investment. It has never been fully implemented and Mr Mugabe has previously said many sectors […]

Crushing dissent not the solution

Crushing dissent not the solution

IN light of the seemingly unstoppable rise in dissenting voices in the country, it is clearly emerging that the State’s panacea to these “inconvenient” voices is to crush everything in its way, even if it means adopting an unconstitutional route. This has been seen through the mass arrest of protesters […]

Mnangagwa admits government failure to fix Zimbabwe’s economy

Mnangagwa admits government failure to fix Zimbabwe’s economy

Vice–President Emmerson Mnangagwa on Wednesday admitted that the cash-strapped government is now finding difficult to fix the frail economy, the Financial Gazette can report. He made the remarks at the ongoing Zimbabwe National Chamber of Commerce (ZNCC) congress at the resort town of Victoria Falls where he was guest of honour. “There […]

Chinamasa gives greenlight for salary cuts

Chinamasa gives greenlight for salary cuts

Finance minister Patrick Chinamasa says government and the private sector can cut salaries and wages to align their employment costs to the operating environment. Speaking at TelOne’s annual general meeting on Friday, Chinamasa commended the parastatal for aligning its costs to the prevailing economic environment. Last year, TelOne effected a […]