Business

TSL half-year profits leap 39pc

Kudzanai GeredeSTAFF WRITER A MASSIVE reduction in finance costs and tighter corporate expenditure controls have driven agricultural logistics giant TSL to a 39 per cent surge in half-year profits.The development comes at a time lenders have been steadily relaxing interest rates due to increased market competition.The group also benefited from a 33 per cent year-on-year…

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Zim fast-tracks critical disaster legislation

Tapiwa ChirumeSTAFF WRITERAUTHORITIES are accelerating the Disaster Risk Management (DRM) Bill to boost climate preparedness and strengthen national risk governance.Speaking at the Zimbabwe Youth Symposium on Disaster Risk Reduction in Harare yesterday, the deputy minister of Local Government and Public Works, Benjamin Kabikira, said significant progress had been made in replacing the outdated Civil Protection…

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Land commission probes property reforms

Brighton Muronzereyi CHIEF WRITER THE Zimbabwe Land Commission (ZLC) has made an urgent call for expert input to stream­line complex property laws, resolve compulsory agricultural acquisitions, and overhaul public compensation frameworks. The move comes as the country continues efforts to strengthen land administration systems and resolve outstanding issues relating to land ownership, transfers, public acquisi­tion…

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Zinara eyes US$473m toll revenue boost

Tapiwa Chirume STAFF WRITER chirumet@dailynews.co.zw THE Zimbabwe National Road Administration (Zinara) targets collecting US$473 million by late 2026, having already cleared US$190 million by mid-year. Speaking to the media on the sidelines of the Public Entities Boards and Corpo­rate Governance Performance review meeting in Bulawayo at the weekend, Zinara board chairperson George Manyaya said the…

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‘Fuel price slide a drop in ocean’ … key stakeholders say, urge the government to do more to lift Zimbabwe

Brandon Josphat Political Editor KEY stakeholders have called on the government to do more to make life easier for hard-pressed citizens and reeling businesses, including through the lowering of prevailing high taxes and new policies to foster price reductions. Speaking to the Daily News — the country’s most influential newspaper — representatives of consumers, labour…

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Mugabe resister passes in Harare

BRANDON JOSPHAT FEW details had been shared by authorities yesterday about Victor Matemadan­da’s death and burial. The 66-year-old former ambassador to Mozambique and Eswatini, who also previously served as the country’s deputy minister of Defence and War Veterans Affairs, passed on at Parirenyatwa Hospital on Saturday. “This is a deeply saddening loss. Dr Matemadanda served…

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Harare records 4k traffic collisions

HARARE has recorded over 4 100 road traffic accidents since Janu­ary, with nearly half involving pedestrians. The figures were revealed during a road traffic accident awareness campaign held in Harare at the week­end by the police in partnership with the Zimbabwe Union of Drivers and Conductors (ZUDAC), the Insurance Council of Zimbabwe and the Traffic…

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Rescue drive launched for South African returnees

Brandon Josphat Political Editor GOVERNMENT has activated emergency humanitarian measures to repatriate and reintegrate Zimbabwean citizens fleeing renewed xenophobic violence in South Africa. This comes after the government unveiled special duty concessions, flexible import clearance measures, and emergency repatriation support for citi­zens seeking to return home following the recent unrest. In a statement yesterday, the…

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