BUSINESS NEWS CRIMES AND COURTS 

RBZ conversion of USD balances to RTGS ‘invalid’, High Court rules

HARARE – Fiscal and monetary changes announced by the Reserve Bank of Zimbabwe on October 1, 2018, including a 2 percent tax on money transfers and conversion of account balances into RTGS “manifestly violate the right to property” and are invalid, the High Court said in a far-reaching judgement delivered on Thursday. Exchange Control Directive RT120/18, which was contained in Statutory Instrument 109 of 1996 issued a few days later on October 4, caused the collapse of the surrogate bond note currency on the black market even as authorities said…

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BUSINESS NEWS TOP STORY 

German firm prints, delivers 60 tonnes of Zimbabwe’s new bank notes

HARARE – According to ZimLive, Zimbabwe on Thursday received 60,000kg (60 tonnes) in freshly-printed higher denomination bond notes, which the central bank says will go into circulation at the end of the month. The RBZ announced last week that Z$10 and Z$20 bond notes were being printed to complement the Z$2 and $5 notes which have become valueless as the inflation-hit currency continues its side. The new notes were delivered to Robert Gabriel Mugabe International Airport on Thursday morning by a Boeing 747-48EF(SCD) cargo plane which flew out of Leipzig…

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POLITICS 

I hope it won’t resort to wartime tactics: Mutodi appeals for prayers, fears SB Moyo & Mutsvangwa

CONTROVERSIAL Information deputy minister Energy Mutodi has appealed for prayers to save his skin from ex-combatants Sibusiso Moyo and Chris Mutsvangwa. This is after the tiff between Mutodi and Moyo, moved to another level this week when the country’s Foreign Minister was forced to issue a statement distancing government from the Goromonzi MP’s publicly criticism of Tanzanian President John Magufuli’s handling of the coronavirus outbreak in the east African country. He had tweeted: “His Excellency John Pombe Magufuli’s Tanzania now has 630 COVID-19 cases with prayers, but without a lockdown,…

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POLITICS 

Mnangagwa adviser warns his ‘oppressive’ regime about to collapse

Zimbabwe is ruled by a “toxic and oppressive political system” but it will soon self-destruct, President Emmerson Mnangagwa’s adviser, the cleric and businessman Shingi Munyeza, said on Sunday as his position in the 77-year-old leader’s advisory panel increasingly looked untenable. Without naming him, Munyeza compared Mnangagwa to the Egyptian Pharaoh, saying the Zanu PF leader sees Zimbabweans as “slaves”. He warned that Zimbabweans would soon “rise up” and bring an end to his rule. “At a national level, Zimbabwe has been ruled by a toxic and oppressive political system. Enough…

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INTERNATIONAL NEWS 

MADAGASCAR virus potions scorned because it’s from Africa : PRESIDENT

ANTANANARIVO – Madagascar President Andry Rajoelina on Monday batted away criticism for promoting a homegrown “remedy” for COVID-19, charging that the West has a condescending attitude toward traditional African medicine.“If it wasn’t Madagascar, and if it was a European country that had actually discovered this remedy, would there be so much doubt? I don’t think so,” he told French media in an interview. script async src=”https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js”> The World Health Organisation (WHO) has repeatedly warned that the Covid-Organics infusion, which Rajoelina has touted as a remedy against the deadly coronavirus, has…

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OTHERS POLITICS 

MDC’s Amos Chibaya In ‘Near-Death’ Accident – Foul Play Suspected In Accident

Amos Chibaya, a senior official of the opposition Movement for Democratic Change was this Sunday involved in a ‘near-death’ road accident just before the Runde river on his way from Gweru to Zvishavane. Some have viewed the accident as an attempt by the President Mnangagwa-led administration to kill the MDC-Alliance organising Secretary. Among those who suspect foul play is Zimbabwean journalist and filmmaker, Hopewell Chin’ono who is a staunch critic of President Mnangagwa. He posted on twitter saying: In our country, many opposition leaders/critical voices have been killed through accidents.…

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INTERNATIONAL NEWS 

Malawi supreme court rejects president’s appeal against poll annulment

Malawi supreme court of appeal has upheld earlier judgement by constitutional Court which nullified the presidential election, and has ordered that fresh elections be held within the earlier stipulated time of 150 days; saying President Mutharika was unduly elected. The Constitutional court on February 3, 2020 nullified the 2019 presidential elections citing several irregularities that included use of correctional fluid, Tippex. Reading the judgement, Chief Justice Andrew Nyirenda said it was a unanimous decision by seven Judges; Lovemore Chikopa, Justice Edward Twea, Anaclet Chipeta, Anthony Kamanga, Frank Kapanda and Rezine…

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POLITICS 

MDC Alliance blocks Z$7.5 million disbursement to Khupe faction

HARARE – The ministers of justice and finance have been barred by a court from disbursing Z$7.5 million due to the MDC Alliance under the Political Parties (Finances) Act as a battle for the party’s leadership intensifies. Justice Munangati-Manongwa on Friday granted an interim order sought by the MDC Alliance blocking the disbursement of the money to a faction led by Thokozani Khupe, which has staked a claim for the leadership of the party. “The 1st (justice minister) and 2nd (finance minister) respondents be and are hereby interdicted, stopped and…

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BUSINESS NEWS 

Econet raises data prices by 225 percent as Zimbabwe reels from Covid-19

HARARE – Econet Wireless hiked data prices by up to 225 percent overnight Tuesday – sparking anger from hard-up Zimbabweans. The increase in data costs could not have come at a worse time for Econet customers who are in the middle of a coronavirus-induced lockdown that has forced many to conduct business online, including universities and private schools. There was no explanation for the sharp price increase, but in a letter to its suppliers on April 20, Econet said it was experiencing “difficult trading conditions” occasioned by a “harsh economic…

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POLITICS 

Khupe Recalls MDC-Alliance MPs From Parliament

The opposition MDC-T led by Thokozani Khupe has recalled three MDC Alliance MPs from Parliament. The Speaker of the National Assembly on Tuesday announced that MDC Alliance MPs Prosper Mutseyami, Thabitha Khumalo and Chalton Hwende were no longer Members of Parliament following their recall by the MDC-T. This was revealed by the Deputy Minister of Information, Publicity and Broadcasting Services, Energy Mutodi. He said: Speaker of Parliament Advocate Jacob Mudenda has announced Hon Mutseyami, Khumalo & Chalton Hwende are no longer Members of Parliament following a recall by their party…

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