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Zimbabwe's ZiG knocks down monthly inflation
Zimbabwe's newly introduced currency, the ZiG, has had a notable impact on monthly inflation, reducing it to 0.6%, according to a report by the Zimbabwe National Statistics Agency (Zimstat) released o...Published: 30 May 2024 at 08:57hrs | 3747 | by Staff reporter
Neville Mutsvangwa's bail ruling now set for Friday
Neville Mutsvangwa, the son of prominent Zanu-PF figures Christopher and Monica Mutsvangwa, will await his verdict on Friday as he appeals for bail at the High Court. Mutsvangwa stands accused of fore...Published: 30 May 2024 at 08:56hrs | 1571 | by Staff reporter
Zimbabwe govt threatens to sanction businesses
The government has issued a warning to businesses found pricing their goods and services above the official exchange rate in a bid to stabilize the newly introduced currency, Zimbabwe Gold (ZiG)....Published: 28 May 2024 at 10:17hrs | 3665 | by Staff reporter
Mnangagwa caught between words and wallet
In a scene reminiscent of a political satire, President Emmerson Mnangagwa found himself amidst a whirlwind of irony during a recent event at Nhakiwa Vocational Training Centre in Uzumba, where he lau...Published: 28 May 2024 at 09:53hrs | 338 | by Staff reporter
Mutsvangwas are dummy sucking cry babies!
It is intriguing to see how loud the cruel and oppressive wail when they are given the taste of their own medicine.We have seen the tears of the savagery late President of Zimbabwe, Robert Mug...Published: 27 May 2024 at 20:03hrs | 896 | by Israel Dube
Chamisa bounces back
OPPOSITION leader Nelson Chamisa continues to apply pressure on SADC, nine months after last year’s chaotic general elections, revealing in a Monday statement that the regional body is giving the ma...Published: 27 May 2024 at 17:19hrs | 1768 | by Staff reporter
Zimbabwe authorities mix charm with force to shore up ZiG
THE introduction of the world's newest currency in April inspired a reggae artist to record a song praising the ZiG, or Zimbabwe Gold.The catchy tune, titled "Zig Mari," received generous play...Published: 27 May 2024 at 09:56hrs | 542 | by Associated Press
Zanu-PF deploys party chairpersons for ZiG campaigns
Zanu-PF Masvingo Provincial Coordinating Committee (PCC) recently deployed its chairpersons at various levels from the cell level to go and hold weekly meetings with people and explain to them about t...Published: 25 May 2024 at 13:02hrs | 389 | by Staff reporter
'Green Bombers' join ZiG campaign
As the Reserve Bank of Zimbabwe grapples with making the new currency work by using several measures including a crackdown on illegal money changers, government's quasi-military wing, the National You...Published: 25 May 2024 at 13:00hrs | 490 | by Staff reporter
Zimbabweans complain over ZiG cash shortage
Business operators and residents in Gweru are expressing concerns about the scarcity of the new currency, Zimbabwe Gold (ZiG), and are urging the Reserve Bank of Zimbabwe (RBZ) to increase the availab...Published: 24 May 2024 at 08:35hrs | 1802 | by Staff reporter
Dinson switches on limestone plant in Zimbabwe
The Dinson Iron and Steel Company (Disco) has activated its limestone production unit in preparation for the commencement of operations at the US$1.5 billion iron and steel plant starting today in Man...Published: 24 May 2024 at 08:32hrs | 300 | by Staff reporter
IMF calls Zimbabwe's switch to ZiG an 'important' step
The International Monetary Fund (IMF) has commended Zimbabwe's recent adoption of a new gold-backed currency, known as ZiG, viewing it as a positive development. This marks the IMF's first substantive...Published: 24 May 2024 at 08:20hrs | 326 | by Staff reporter
ZiG to join global currency club with ISO Code
The Reserve Bank of Zimbabwe (RBZ) is in the process of applying for an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG) as it moves to make the unit a standalone ...Published: 23 May 2024 at 19:25hrs | 2318 | by Tafara Shumba
Betting company's property attached
Bezbets, an online betting company, has had its assets seized by the Messenger of Court due to a debt of US$5,400 owed to a punter in Harare.The attached assets comprise television sets, board...Published: 23 May 2024 at 10:49hrs | 394 | by Staff reporter
Zimbabwe applies for ISO code for ZiG
The Reserve Bank of Zimbabwe (RBZ) is actively pursuing an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG), signaling its intention to establish ZiG as an indepen...Published: 22 May 2024 at 10:14hrs | 3041 | by Staff reporter
Zimbabwean professor kidnapped in SA
A Zimbabwean professor based in South Africa found himself embroiled in a harrowing ordeal when he was allegedly abducted by a group of eight men seeking to steal his cryptocurrency holdings valued at...Published: 22 May 2024 at 10:13hrs | 1787 | by Staff reporter
Mutsvangwa's son will learn his fate today
Today, the High Court is set to deliver a verdict on the bail application of Neville Mutsvangwa, son of Zanu PF spokesperson Christopher Mutsvangwa, who faces charges of illegal foreign currency deali...Published: 22 May 2024 at 10:07hrs | 635 | by Staff reporter
Zimbabweans are distraught by financial trauma
GOOD day, President Emmerson Mnangagwa.Your Excellency, as I see it, Zimbabweans are emotionally drained. They are overwhelmed by the severity of deprivation caused by the collapse of currenci...Published: 22 May 2024 at 09:52hrs | 201 | by Cyprian Muketiwa Ndawana
'Embrace ZiG to bring stability'
Vice President Kembo Mohadi recently emphasized the importance of collective effort in embracing the ZiG currency, stating that it will contribute to a smoother transition towards a more stable econom...Published: 22 May 2024 at 09:42hrs | 94 | by Staff reporter
NOIC loses US$164 000 suit
The High Court has ordered the National Oil Infrastructure Company (NOIC) to pay US$164,631 to a company that repaired its Mabvuku ethanol plant, after rejecting NOIC's attempt to challenge the arbitr...Published: 22 May 2024 at 09:38hrs | 112 | by Staff reporter
Bakers Inn to build second plant in Bulawayo
Baker's Inn, a division of Victoria Falls Stock Exchange-listed Innscor Africa, is expanding its operations by adding a second plant to its Belmont factory in Bulawayo.The company recently com...Published: 22 May 2024 at 09:33hrs | 147 | by Staff reporter
NMBZ optimistic on ZiG inflation-easing impact
Listed financial services provider, NMBZ Holdings Limited, has expressed optimism about the inflation-easing impact of the new Zimbabwe Gold (ZiG) currency, following a 209% revenue increase in the fi...Published: 21 May 2024 at 08:27hrs | 566 | by Staff reporter
Zimra workers declare incapacitation
Workers at the Zimbabwe Revenue Authority (Zimra) have declared themselves incapacitated, citing their inability to afford basic necessities such as shelter, transport, food, and school fees due to lo...Published: 21 May 2024 at 08:19hrs | 393 | by Staff reporter
Residents risk losing properties over unpaid bills
The Bulawayo City Council has warned that thousands of residents may lose their properties if they default on paying their bills.Over 2,000 households have already had their water supplies dis...Published: 21 May 2024 at 08:17hrs | 721 | by Staff reporter
'Forex dealer' granted bail
Rangarirai Chimbamba, an alleged illegal foreign currency dealer, has been granted bail by the Harare High Court.According to the National Prosecuting Authority of Zimbabwe (NPAZ), Chimbamba h...Published: 21 May 2024 at 08:16hrs | 440 | by Staff reporter
Zimbabwe's street currency traders to switch to WhatsApp
Zimbabwe's street currency traders are abandoning their regular spots in city centres for messaging platform WhatsApp to evade arrest as the central bank and police crackdown on the unofficial market ...Published: 20 May 2024 at 17:02hrs | 2411 | by AStaff reporter
Zimra workers lament poor salaries
Zimbabwe Revenue Authority (ZIMRA) employees, including those stationed at border posts where they face the temptation of bribes, have declared incapacitation due to their inadequate salaries. These w...Published: 20 May 2024 at 07:56hrs | 494 | by Staff reporter
Zinara shells ZiG93,9 million to road authorities
The Zimbabwe National Road Administration (Zinara) has disbursed ZiG 93.9 million to road authorities for critical road infrastructure maintenance and development projects across the country.A...Published: 20 May 2024 at 07:45hrs | 154 | by Staff reporter
Rejuvenating the Real Estate Market in Matabeleland, Zimbabwe: Strategies for Development and Competitiveness
Chief Real Estate Officer, Integrated Properties Zimbabwe, a nation with a storied history and a vibrant yet tumultuous economy, faces multifaceted chal...Published: 19 May 2024 at 20:58hrs | 1026 | by Dr Bekithemba Mpofu
Ex-Zipra war vet gets ZiG200 funeral payout
A former Zimbabwe People's Revolutionary Army (Zipra) veteran based in Bulawayo, who participated in the liberation struggle, has accused a prominent insurance broker of offering inadequate funeral pa...Published: 19 May 2024 at 12:38hrs | 1643 | by Staff reporter
Zimra faces parly probe
ZIMBABWE may have lost potential revenues running into millions of United States dollars due to lax systems at the Zimbabwe Revenue Authority (Zimra), which is now facing parliamentary probe.T...Published: 19 May 2024 at 12:21hrs | 382 | by Staff reporter
Neville Mutsvangwa detention exposes Mnangagwa, Chiwenga rift?
In a scathing attack, Zanu-PF spokesman Chris Mutsvangwa has implicated Vice President Constantino Chiwenga in the arrest and detention of his son, Neville, on charges of illegal currency trading....Published: 19 May 2024 at 11:58hrs | 2319 | by Staff reporter
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | 173 | by Staff reporter
Reserve Bank of Zimbabwe appoints tainted Mpofu
TRUST, confidence and credibility of the Reserve Bank of Zimbabwe (RBZ) has been put at stake after the new central bank governor John Mushayavanhu appointed tainted banker Morris Bekezela Mpofu as hi...Published: 19 May 2024 at 11:54hrs | 917 | by Staff reporter
99% of schools accepted fees in ZiG
Over 99 percent of schools across Zimbabwe accepted tuition fees and levies in Zimbabwe Gold (ZiG) when the new term began this month, highlighting widespread confidence in the country's new currency....Published: 19 May 2024 at 10:30hrs | 114 | by Staff reporter
Is this another catch-and-release?
The arrest of Neville Mutsvangwa has just ruffled feathers and opened a can of worms in Zanu PF's political factional fights. Is this government really serious about fighting corruption in the...Published: 18 May 2024 at 20:50hrs | 1047 | by Leonard Koni
Zimbabwe's very own Emperor Nero is burning down povo's hovels to build palatial villas for filthy rich few
"The closer the collapse of the empire, the crazier its laws" Marcus Tullius Cicero. Well we in Zimbabwe are witness this first hand. Zanu PF introduced the new local currency insisting ...Published: 18 May 2024 at 20:47hrs | 940 | by Wilbert Mukori
Remittances and FDI: Harmonizing Zimbabwe's economic strategies for sustainable growth
Zimbabwe's economy stands at a critical juncture, grappling with deep-seated challenges such as systemic unemployment, volatile currency fluctuations, and an uncertain business climate. Within this pr...Published: 18 May 2024 at 15:27hrs | 152 | by Dr Bekithemba Mpofu
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 766 | by Staff reporter
Monica Mutsvangwa going through a lot
Women Affairs Minister Monica Mutsvangwa expressed her distress, acknowledging the tumultuous period she is enduring, exacerbated by recent events including her husband's dismissal from Cabinet and he...Published: 18 May 2024 at 12:26hrs | 1176 | by Staff reporter
No holy cows in Zimbabwe's forex violations blitz
Zimbabwe's Financial Intelligence Unit (FIU) and the police delivered a firm message yesterday, emphasizing that in the nationwide crackdown on individuals and entities breaching the Exchange Control ...Published: 18 May 2024 at 12:25hrs | 557 | by Staff reporter
ZiG fails to break Zimbabwe's cash crunch
Informal traders at Harare's Mbare market, a bustling center of commerce generating millions of US dollars weekly, have revealed their ongoing struggle with a cash shortage, hitting women vendors the ...Published: 18 May 2024 at 12:18hrs | 1359 | by Staff reporter
Delta takes Zimra to court
Zimbabwe's largest beverages producer recently announced its opposition to a US$54.8 million tax claim, labeling it as unjust enrichment for the Zimbabwe Revenue Authority (Zimra). Delta Corporation, ...Published: 18 May 2024 at 12:17hrs | 264 | by Staff reporter
Zimbabwe spends US$40m on importing spaghetti
Zimbabwe's annual importation of approximately US$40 million worth of macaroni and spaghetti, primarily from Egypt, reflects the nation's sluggish industrialization progress. Despite pasta not being a...Published: 18 May 2024 at 11:55hrs | 977 | by Staff reporter
'Zimbabweans will stampede for ZiG by June'
Reserve Bank of Zimbabwe (RBZ) Governor, Dr. John Mushayavanhu has highlighted the impending surge in demand for the Zimbabwean dollar (ZiG) anticipated to occur by June. This surge is expecte...Published: 18 May 2024 at 11:47hrs | 13269 | by Staff reporter
Mutsvangwa's son approaches High Court for bail
Neville Mutsvangwa, son of ZANU-PF spokesperson Christopher Mutsvangwa, sought bail from the High Court yesterday on charges of illegal foreign currency trading and money laundering.Earlier th...Published: 18 May 2024 at 11:02hrs | 622 | by Staff reporter
It never rains but, it pours for Zimbabwe's economy
For over ten years, Zimbabwe has struggled with its currency. Since 2008, this is the nation's sixth attempt to introduce a new one, the ZiG.Zimbabwe's central bank introduced the Zimb...Published: 18 May 2024 at 10:58hrs | 128 | by Dickson Chikwizo
Zimbabweans being sold expired, underweight goods
Over a thousand businesses have been charged with selling expired and underweight goods, among other offenses, according to the Industry and Commerce Ministry.Most of the semi-formal shops wer...Published: 18 May 2024 at 10:55hrs | 94 | by Staff reporter
Mutsvangwa's son to spend second weekend in custody
Christopher Mutsvangwa's son Neville will remain in remand prison for another weekend as the High Court has reserved judgment on his bail appeal. Mutsvangwa faces three charges of illegal foreign curr...Published: 18 May 2024 at 10:49hrs | 68 | by Staff reporter
FIU sufficiently resourced to fight ZiG saboteurs
The Financial Intelligence Unit (FIU), a division of the Reserve Bank of Zimbabwe (RBZ), is well-equipped with skilled personnel and advanced hardware to tackle financial crimes. Recent recruitment ef...Published: 18 May 2024 at 10:47hrs | 30 | by Staff reporter
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