adminGrand fuel heist
Zimbabwe consumed almost 480 million more litres of petrol and diesel in six months between June and November last year than in the same period in 2017, a gargantuan 77 percent extra, at an additional foreign currency cost of more than US$200 million, The Herald can report.
First Lady meets church leaders
FIRST Lady Auxillia Mnangagwa yesterday met church leaders from across denominations and impressed upon them the need to embrace the national clean-up campaign launched by President Mnangagwa last month.
Editorial Comment: Full fuel audit required to explain demand
The extraordinarily sharp increase in fuel consumption between June and November last year we report on today and the mess witnessed with fuel queues cry out for detailed audits by the Reserve Bank of Zimbabwe and Zera, the energy regulator, with Zimbabwe Revenue Authority involved when necessary.
Early pay for civil servants
Government has brought forward January pay dates for civil servants to cushion them from the prevailing economic challenges emanating from price distortions in the market.
Govt, civil servants crunch meeting on today
GOVERNMENT is today expected to table the cost of living adjustment it is offering to civil servants when it meets their representatives in Harare. The meeting, to be held under the auspices of the National Joint Negotiating Council (NJNC), is also expected to propose a range of non-monetary benefits for Government workers.
Mugabe loses US$150 000 cash
Former president Robert Mugabe lost US$150 000 cash to employees at his rural home in Zvimba.
Zim lines up 10 diamond auctions
Zimbabwe is looking at conducting 10 diamond auctions this year, as it seeks to generate more revenue from the gems, the country’s minerals marketing agency has said. The targeted auctions are double what the Minerals and Marketing Corporation of Zimbabwe held last year, the State-owned entity charged with marketing all country’s minerals except gold and silver, said yesterday.
HIGH-FLYING WARRIORS
THE Zimbabwe Warriors’ stock continues to rise, with the authoritative France Football Magazine, the franchise holders of the prestigious Ballon d’Or since 1956, saying they performed better than five-time African champions Cameroon, four-time AFCON winners Ghana and regional rivals Zambia last year. Two-time African champions, the DRC, who suffered a 1-2 home defeat at the hands of the Warriors in a 2019 AFCON qualifiers before needing a diabolical refereeing call, in which Knox Mutizwa’s effort was ruled out, to scrape a draw in Harare, were also cast into the Warriors’ shadow.
Zifa ready for blockbuster game
ZIFA have said the stage has been set for the blockbuster CAF Champions League showdown between FC Platinum and free-scoring Orlando Pirates at Barbourfields on Saturday.
Trade deficit drops
Zimbabwe’s trade deficit narrowed 37 percent in October last year to $144 million after total exports jumped 25 percent to $449 million largely driven by a 300 percent vault in tobacco shipments, according to latest data published by the Reserve Bank of Zimbabwe (RBZ).