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Chamisa slams Zimbabwe govt's currency board plan
Opposition leader Nelson Chamisa has strongly criticized the government's proposed introduction of a currency board as an attempt to revive the struggling Zimbabwe dollar, stating that it will ultimat...Published: 16 Feb 2024 at 07:42hrs | 1653 | by Staff reporter
Delta, Zimra fight over US$ tax
DELTA Beverages Pvt Ltd is up in arms with the Zimbabwe Revenue Authority (Zimra) after the tax collector concluded that the company had improperly computed its income tax, resulting in the matter spi...Published: 29 Jan 2024 at 10:14hrs | 756 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 4720 | by Staff reporter
Mnangagwa protects judge facing a series of corruption scandals
SOMETIME in February The NewsHawks reported that the Judicial Service Commission (JSC) had recommended that President Emmerson Mnangagwa must set up tribunals to investigate High Court Justices Webste...Published: 13 Nov 2023 at 21:25hrs | 583 | by Staff reporter
Mnangagwa's son warns against Nehanda ZWL$50 note snub
Deputy Minister of Finance and Investment Promotion, Kudakwashe Mnangagwa, issued a warning to businesses refusing to accept the ZWL$50 note, emphasizing that they could face substantial penalties. He...Published: 12 Oct 2023 at 06:32hrs | 617 | by Staff reporter
Chamisa replaces Mahere as CCC spokesperson
PROMINENT activist, Promise Mkwananzi, is the new opposition Citizens Coalition for Change (CCC) party spokesperson, replacing Fadzayi Mahere.Mkwananzi, a former leader of the Tajamuka/Sesijik...Published: 25 Aug 2023 at 20:03hrs | 4253 | by Staff reporter
Shops cash in on Zimdollar change shortage
ZIMBABWE is currently battling a local currency liquidity crisis which has resulted in large retail shops failing to give change to consumers who buy goods in United States dollars (US$), NewsDay has ...Published: 01 Aug 2023 at 06:31hrs | 17 | by Staff reporter
Mnangagwa's integrity continues facing a litmus test
PRESIDENT Emmerson Mnangagwa's integrity continues facing a litmus test with him violating his constitutional obligation to establish a tribunal to investigate the suitability of Justice Webster China...Published: 16 Jul 2023 at 13:54hrs | 23 | by Staff reporter
Zimdollar demand soars
DEMAND for the Zimbabwean dollar continues to soar as more businesses and individuals seek to transact using the local currency, which has regained its lost value for the third consecutive time at the...Published: 05 Jul 2023 at 07:15hrs | 5 | by Staff reporter
Zanu-PF and its history of violence
ZIMBABWE'S ruling party subjugates the country's people so as to rule illegitimately and loot resources with impunity.This looting by individuals in Zanu-PF results in "unequal power and unequ...Published: 04 Jul 2023 at 07:06hrs | 24 | by Thandekile Moyo
Government says NO to payment of bills in forex
THE directive late last week by the Government that all local councils must continue charging in local currency as opposed to United States dollars as had just been announced by the Harare City Counci...Published: 03 Jul 2023 at 07:08hrs | 19 | by Staff rporter
Exodus continues as Zimbabwean economy lies in ruins ahead of elections
Soaring inflation and collapsing ‘bond notes' are forcing more and more qualified people and professionals to flee the country.Zimbabwe's poor economic performance and depreciation of the su...Published: 03 Jul 2023 at 07:02hrs | 18 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 15 | by Martin Majaji
Zimbabwe government defies calls to abandon Zimdollar as it continues to lose value
Inflation in Zimbabwe is currently at 75%, and is expected to rise even higher in the coming months. This is due in part to the government's decision to print more money in an attempt to finance its b...Published: 19 May 2023 at 08:41hrs | 213 | by Staff Reporter
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | 2 | by Staff reporter
Zimbabwe dying slowly
It was a memorable journey back to Zimbabwe five years after I left the country in January 2018 just three months after the November 2017 coup.My friend and I arrived at the Musina border post...Published: 30 Mar 2023 at 11:46hrs | | by Leonard Koni
$20 Zimdollar notes rejected by traders
Public transport operators and traders must accept $20 notes as they are legal tender and failure to accept legal tender in transactions is outside the law, the Finance Ministry warned yesterday....Published: 10 Mar 2023 at 05:19hrs | | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | 7 | by Staff reporter
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | 18 | by Victor Bhoroma
'Diaspora bond can only worsen Zimbabwe's situation'
ANALYSTS have described Finance minister Mthuli Ncube's latest attempt to secure investment from Zimbabweans living in the diaspora through a diaspora bond as "day dreaming".Addressing diaspor...Published: 03 Oct 2022 at 06:13hrs | 4 | by Staff reporter
Zacc fails to account for expenses
The Zimbabwe Anti-Corruption Commission (Zacc), has failed to produce supporting documents to validate its expenditure in the previous year to auditor-general, Mildred Chiri, a situation that may have...Published: 25 Sep 2022 at 16:46hrs | 10 | by Staff reporter
'Zimbabwe poll fees too costly'
THE cost of contesting elections in Zimbabwe is now the highest in Africa, a data analysis of the new candidate nomination fees set by the Zimbabwe Electoral Commission (Zec) has shown.Zec's n...Published: 24 Aug 2022 at 06:44hrs | | by Staff reporter
Mzembi claims Mangudya, Chinamasa misled Mugabe
FORMER Foreign Affairs minister, Walter Mzembi has made sensational claims Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, and then Finance minister Patrick Chinamasa shot down his proposal fo...Published: 17 Aug 2022 at 06:44hrs | 7 | by Staff reporter
Zanu-PF's undying love for lies
LIES and threats have now become the order of the day for the President Emmerson Mnangagwa-led government.Since the inception of the new dispensation in 2017, Zimbabweans have been subjected t...Published: 28 Jul 2022 at 06:36hrs | 12 | by Mai Ruru
Biti tells Guvamatanga to 'shut up'
FORMER finance minister, Tendai Biti, has told off current treasury permanent secretary, George Guvamatanga, after he claimed civil servants are better paid now that they were during the government of...Published: 28 Jun 2022 at 07:32hrs | 11 | by Staff reporter
Mnangagwa sought Magaisa's support after coup?
PRESIDENT Emmerson Mnangagwa is said to have sought the services of vocal critics to sanitise the November 2017 military coup and while he could have succeeded in luring some, several including the la...Published: 13 Jun 2022 at 17:45hrs | | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 247 | by Victor Bhoroma
Foreign banks troop to Zimbabwe forex auction
UNITED States-based multinational investment outfit JP Morgan was among global lenders that repatriated a combined US$30 million through the Reserve Bank of Zimbabwe (RBZ)'s forex auction system by th...Published: 13 May 2022 at 19:10hrs | 15 | by Staff reporter
'Bulawayo's informal sector overregulated'
EXPENSIVE trading licences and too many regulations are forcing informal sector traders to resort to operating illegally, a study by the Bulawayo Vendors and Traders Association (BVTA) has revealed....Published: 10 May 2022 at 07:45hrs | 4 | by Staff reporter
Should Zimbabweans be Commemorating Workers Day?
May day is a commemoration of the historic struggles and gains made by workers and the labour movement, but can Zimbabweans really take part in these historic celebrations as there is not much to appl...Published: 01 May 2022 at 20:55hrs | 14 | by Prince Njagu
Temba Mliswa calls for return of the US Dollar
Norton Member of Parliament Temba Mliswa says the introduction of the United States Dollar as a single currency is the best salvation to the revival of Zimbabwe's economy. In a Twitter thread ...Published: 26 Apr 2022 at 10:24hrs | 12 | by Mandla Ndlovu
Govt must implement economic reforms
IN 2017, Finance and Economic Development minister Mthuli Ncube, Reserve Bank of Zimbabwe governor John Mangudya and the Zanu-PF government lied to the people, saying the bond note was at par with the...Published: 21 Mar 2022 at 06:39hrs | 9 | by Staff reporter
Motorists resist Bulawayo's new parking fees
BULAWAYO motorists yesterday all but abandoned parking bays in the city centre's new parking zone where drivers must pay US$1 to park for 30 minutes.A new parking system came into force yester...Published: 19 Feb 2022 at 18:32hrs | 5 | by Staff reporter
ZANU-PF has nothing new to offer
The Zimbabwe revolutionary party popularly known as Zanu PF has dismally failed to maintain its status quo and has lost its credibility in implementing sound developmental policies and good governance...Published: 10 Feb 2022 at 13:15hrs | 17 | by Leonard Koni
Zimbabwe under ZANU-PF; A revolution derailed
Reader, ZANU-PF ruined Zimbabwe. All the sacrifices made by freedom fighters and the mass during the liberation struggle have all gone to waste because of a handful of ZANU-PF kleptocrats who derailed...Published: 10 Feb 2022 at 12:51hrs | 11 | by Nkosilathi Emmanuel Moyo, Sr
Zimdollar: The writing is on the wall
THE United States Agency for International Development food security watchdog, the Famine Early Warning Systems Network, reported a 20% increase in the price of bread and cooking oil last month....Published: 03 Feb 2022 at 05:42hrs | 10 | by Staff reporter
Disgraceful Mnangagwa Delegation on a Shopping Spree in Glasgow
Emmerson Mnangagwa and his ZANU PF delegation are on a shopping spree in Glasgow as the vast of Zimbabweans languish in poverty.Instead of attending the COP26 summit and contribute meaningful ...Published: 02 Nov 2021 at 13:49hrs | 13 | by Prince Njagu
Worthless Zimdollar notes clog banks
BANKS have requested the Reserve Bank of Zimbabwe (RBZ) to decommission $2 and $5 bond notes, saying smaller denomination currency ranges have turned into a burden for financial institutions to keep....Published: 31 Oct 2021 at 07:04hrs | 2 | by Staff reporter
'Dead' 14kg gold smuggler resurfaces, arrested
POLICE in Bulawayo have arrested Jefat Chaganda, the chief suspect in the 14 kilogramme gold case that happened in Plumtree in 2018.The case also resulted in the arrest of nine other suspects ...Published: 19 Sep 2021 at 08:16hrs | 6 | by Staff reporter
Mnangagwa's growing love for rule-by-decree
President Emmerson Mnangagwa has been increasingly making use of Statutory Instruments (SI units) during his tenure as head of State. Analysts are describing it as a form of command politics steering ...Published: 02 Sep 2021 at 06:16hrs | 9 | by Staff reporter
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | | by Staff reporter
CABS taken to court over currency conversion
ARCHITECTURAL firm Stone/Beattie Studio has filed a High Court application seeking to recover US$142 000 from Central Africa Building Society (CABS) that was converted to the equivalent local unit fol...Published: 23 Jul 2021 at 08:58hrs | | by Staff reporter
Govt hunts mentally challenged teachers
GOVERNMENT has begun compiling names of teachers suffering from depression and other mental health conditions in a clear admission that the country's socio-economic challenges are taking a toll on edu...Published: 19 Jun 2021 at 15:04hrs | | by Staff reporter
What are we really worth?
Recently I had breakfast with three friends and we were charged at the rate of ZW$115 to US$1 for our food, which was priced in US dollars.later I had coffee with another group of friends and ...Published: 28 May 2021 at 08:06hrs | 10 | by Eddie Cross
Air Zimbabwe admin tables a fresh revival plan
ADMINISTRATORS of Air Zimbabwe (AirZim) have persuaded government to roll out a foreign currency funding model under which industries would be directed to deploy United States dollars into the broke a...Published: 21 May 2021 at 06:03hrs | 11 | by Staff reporter
Mnangagwa has taken us back to 2008
PRESIDENT Emmerson Mnangagwa's administration is plunging Zimbabwe back into the 2008 era when the regime survived on peddling lies. Let us unpack some of the lies and confront them for answers....Published: 04 May 2021 at 06:23hrs | | by Isaac
Grace Mugabe's huge daily cash withdrawals exposed
FORMER first lady Grace Mugabe allegedly made multiple United States dollar cash withdrawals amounting to US$300 000 per day in 2019 from her CBZ Bank account at a time ordinary Zimbabweans were allow...Published: 23 Apr 2021 at 07:31hrs | 12 | by Staff reporter
Zimbabwe govt rejects request to pay duty in forex
This comes as Treasury authorities want to ensure the country moves towards broader use of the local currency.Responding to a letter of request by Shallom Fiscal Consultant managing director, ...Published: 05 Mar 2021 at 17:40hrs | 3 | by Staff reporter
Pfumvudza, bond notes: Mnangagwa's saviour
THE gigantic lake TugwiMukosi is spilling. This is a rare phenomenon for a water body so big to spill less than four years after commissioning.It holds a promise that is too big to hide or ign...Published: 20 Feb 2021 at 08:55hrs | 1 | by Paidamoyo Muzulu
Betting shops gamble with lockdown restrictions
Licensed betting house Moors World of Sport (MWOS) continues to operate some of its branches across the country in theory as internet operations but in practice having staff continually going into the...Published: 13 Feb 2021 at 07:30hrs | 1 | by Staff reporter
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