ZSE returns… but it’s a bloodbath

Enacy Mapakame A bloodbath marked the Zimbabwe Stock Exchange (ZSE)’s first day of trading following a month-long suspension with investors losing a cumulative $10 billion. Total market value closed yesterday’…

Agribank closes Maphisa branch due to Covid-19

Business Reporter The Agricultural Bank of Zimbabwe (Agribank) has temporarily closed its branch in Maphisa, in Matabeleland South after one of its workers tested positive for Covid-19. The banking group…

Forex auction system bouys POSB privatization

Tawanda Musarurwa The introduction of the foreign currency auction system has given impetus to the partial privatization of the Peoples Own Savings Bank (POSB), chief executive officer Admore Kandlela has…

Mining workers get 327pc wage increase

Oliver Kazunga Workers in the mining industry have been awarded a 327,5 percent wage increase with effect from July 1, taking the salary for the lowest paid worker to $14,750…

Microsoft talks to buy TikTok’s U.S. operations spark ire in China

BEIJING/HONG KONG – A potential shotgun wedding to Microsoft Corp (MSFT.O) for TikTok’s U.S. operations provoked an outcry on Monday on Chinese social media as well as criticism from a prominent Chinese…

All CEOs should read this

Ryk van Niekerk The current nosedive in economic activity in South Africa has hit many sectors with a sledgehammer. One of these is the media sector. Several media owners, including…

South African anti-corruption watchdog probes COVID-19 tenders

JOHANNESBURG – South Africa’s anti-corruption watchdog said on Monday it was investigating irregularities in government tenders during the coronavirus crisis. The inquiries by the Public Protector come after the Special…

WFP appeals for US$250m to alliviate hunger in Zim

With COVID-19 aggravating an already severe hunger crisis in Zimbabwe, the United Nations World Food Programme (WFP) is appealing for an additional US$250 million to support a rapidly expanding emergency operation for millions at-risk.

Hospitals demand Covid-19 test proof

Patrick Chitumba and Thandeka Moyo-Ndlovu, Chronicle Reporters SOME hospitals are allegedly turning away people seeking medical services saying they must first produce Covid-19 medical certificates. The turning away of patients…

Fresh fuel shortages hit country

Andile Tshuma, Chronicle Correspondent FRESH fuel shortages have hit the country and in Bulawayo most service stations have been dry for the past week. A Chronicle news crew took to…

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