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CABS bank manager accused of stealing depositors' funds
A manager at the CABS Highlands branch, Raymond Chikonyora, faced court last week on serious charges related to the unauthorized withdrawal of funds from clients' accounts. The allegations have raised...Published: 03 Nov 2024 at 10:17hrs | 5320 | by Staff reporter
Stanbic Bank expands its ATM network
Harare, 24 July 2024 - Stanbic Bank Zimbabwe has embarked on an exercise to expand its Automated Teller Machines (ATMs) in response to growing client demands.The move by the leading financial ...Published: 24 Jul 2024 at 09:01hrs | 408 | by Agencies
South Africa's cash-in-transit workers threaten to go on strike
A strike in the cash-in-transit (CIT) sector could see South Africa's automated teller machines running dry.That's the prospect if the Commission for Conciliation, Mediation and Arbitration gr...Published: 20 May 2024 at 08:38hrs | 2 | by Staff reporter
POSB rolls-out ATMS
The People's Own Savings Bank (POSB) has rolled out 15 advanced Automated Teller Machines (ATMs) across its service centres as part of enhancing customer experience and convenience.This is the...Published: 10 Feb 2024 at 06:29hrs | | by Staff reporter
Zimbabwean man busted with explosives in SA
A 35–YEAR–OLD Zimbabwean Citizen has been arrested in Mpumalanga province, South Africa with an assortment of smuggled explosives meant for illegal mining activities in that country.The su...Published: 06 Feb 2024 at 04:36hrs | 2 | by Staff reporter
Zimbabwe transport operators 'fleece' travelling public
ZIMBABWEAN commuters struggling with economic hardships face a double blow this festive season as transport operators have doubled bus fares on some routes, squeezing travellers' already strained budg...Published: 25 Dec 2023 at 09:34hrs | 10 | by Staff reporter
Stanbic scoops three prestigious awards
Harare, 24 October 2023 - Stanbic Bank Zimbabwe scooped three prestigious awards - two at the Banks and Banking Survey sponsored by financial services institution, FCB and publishing company, Alpha Me...Published: 25 Oct 2023 at 20:39hrs | 5 | by Agencies
'Don't trust Zanu-PF's electoral promises'
Matebeleland-BASED opposition Freedom Alliance (FA) has warned the electorate to watch out for the ruling Zanu-PF party's false electoral promises.The party said Zanu-PF has been in power for ...Published: 15 Aug 2023 at 06:35hrs | 7 | by Staff reporter
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 9 | by Kevin Tutani
'Zimbabweans smuggling explosives for use in committing crimes in South Africa'
ZIMBABWEANS are reportedly smuggling explosives for use in committing crimes in neighbouring South Africa, NewsDay reported.Zimbabwe Anti-Corruption Commission (Zacc) chairperson Justice Loice...Published: 02 Dec 2022 at 05:01hrs | | by Staff reporter
Zimbabweans in diaspora not cash cows but should have their democratic rights respected!
There was much excitement in the corridors of power when it became apparent that diaspora remittances into Zimbabwe had surpassed the US$1.4 billion mark ...Published: 24 Apr 2022 at 06:25hrs | 7 | by Tendai Ruben Mbofana
SA police bust explosives smuggling syndicate
South African police have arrested a three-man syndicate, suspected to be Zimbabweans after they allegedly smuggled into the neighbouring country some mining explosives whose value was yet to be ascer...Published: 13 Jan 2022 at 16:03hrs | | by Staff reporter
Forex bonus withdrawals overwhelm banks
SCORES of civil servants and pensioners continued to queue outside banking halls in Bulawayo yesterday seeking to withdraw their foreign currency, forcing some banks to seek police intervention to con...Published: 12 Dec 2021 at 19:56hrs | 7 | by Staff reporter
Banks lobby for tax regime revamp
ZIMBABWE'S banking sector says government must extend tax payment periods to twice a year to give industries breathing space after being affected by pandemic-related headwinds.Under current po...Published: 01 Nov 2021 at 07:27hrs | 5 | by Staff reporter
Deadly unrest rages in South Africa
The death toll in South Africa has risen to 72 as violence continues across the country following the jailing of former President Jacob Zuma.Crowds looting and setting alight shopping centres ...Published: 14 Jul 2021 at 10:29hrs | 1 | by Staff reporter
Stanbic sets up remote branches for tobacco season
Harare - 09 March 2021 Leading financial services institution, Stanbic Bank, has set up nine remote branches at tobacco auction floors throughout the country to enable ease of access to funds for toba...Published: 09 Mar 2021 at 14:39hrs | | by Agencies
Stanbic Bank to step up COVID-19 mitigation measures through digitisation
Leading financial services institution, Stanbic Bank, is banking on its top-notch innovative mobile and internet platforms to ensure its clients are well served throughout the 30-day lockdown....Published: 08 Jan 2021 at 11:33hrs | 7 | by Staff reporter
The World Will Never Be The Same After January 2021
After President Donald J. Trump has been declared the winner of US Presidential elections and sworn in on 20 January 2021 as the new President, I foresee total chaos and massive trail of destruction f...Published: 18 Dec 2020 at 11:30hrs | | by Israel Dube
Picking a bank that works for you
No matter where you live, you need to make money. Without money, you won't be able to live a happy life and you won't be able to care for your loved ones. While you could keep your money in a piggy ba...Published: 06 Dec 2020 at 08:09hrs | 11 | by Staff writer
Stanchart Bank closes branch
Standard Chartered Bank, one of the country's biggest and oldest financial institutions, has said it will close its Gweru branch next month and transfer the city's accounts to Bulawa...Published: 06 Sep 2019 at 06:59hrs | | by Staff reporter
International credit cards still valid in Zimbabwe
The Zimbabwe Tourism Authority (ZTA) has assured tourists that international credit cards are still usable in Zimbabwe following the new monetary regulations announced by Government through Statutory ...Published: 28 Jun 2019 at 06:15hrs | 1 | by Staff reporter
Zimbabwe police intercept 700 explosives
Police intercepted a bus along the Harare-Beitbridge Highway last weekend and recovered more than 750 explosives worth $5 800 believed to have been on the way to South Africa. National police ...Published: 17 Jun 2019 at 09:19hrs | | by Staff reporter
WATCH: Omar Al-Bashir transported like a cow to prison
A footage of former Sudanese President Omar al-Bashir and his inner circle packed like cows and being taken to prison has resurfaced online. The video shows cars carrying Al-Bashir and h...Published: 30 Apr 2019 at 16:57hrs | 1 | by Mandla Ndlovu
Call for Zimbabwe banks to embrace digital technologies
The banking sector has been called upon to embrace digital technologies which will enhance strategic partnerships and ensure efficient services to clients. The call was made at the 25th WSBI Africa Re...Published: 27 Mar 2019 at 22:54hrs | | by Staff reporter
Mthuli Ncube discusses his mission to turn around Zimbabwe's economy
NPR's Ari Shapiro talks with Zimbabwe's Finance Minister Mthuli Ncube about his mission to turn around his country's economy.ARI SHAPIRO, HOST: Zimbabwe's new president campaigned last summer ...Published: 09 Mar 2019 at 08:37hrs | | by Staff reporter
Zimbabwean explosives smuggler jailed in SA
A 30-year-old Zimbabwean man was last week jailed for an effective 15 years for smuggling explosives worth R200 000 into South Africa through Beitbridge Border Post. Nqobizitha Ncube was arres...Published: 04 Feb 2019 at 23:01hrs | 1 | by Staff reporter
Zimbabwe cash crisis persists
The cash crisis is worsening with some banks reportedly turning away their clients as early as 7am yesterday, advising that they had no money.Contacted for comment, Reserve Bank of Zimba...Published: 29 Dec 2018 at 18:33hrs | 10 | by Staff reporter
Mthuli Ncube's Rand option dilemma as currency crisis worsens
FINANCE minister Mthuli Ncube, who has publicly said joining South Africa's Multilateral Monetary Area could be a solution to Zimbabwe's currency crisis, is agonising over currency reforms, as it dawn...Published: 13 Dec 2018 at 20:01hrs | | by Staff reporter
MDC savages Eddie Cross
THE opposition MDC has reacted angrily to suggestions by former party policy chief Eddie Cross that Zimbabwe's economy is on "sound footing" and set for a take-off.Cross, a founding member of ...Published: 20 Nov 2018 at 06:21hrs | | by Staff reporter
Bank card cloning fraud cases on the rise in Zimbabwe
THE Zimbabwe Information and Communication Technologies (ZICT) says 154 cases of bank card cloning have been reported in the country so far as more people use electronic payment systems in the absence...Published: 18 Oct 2018 at 06:39hrs | | by Staff reporter
Mnangagwa to do a Narendra Modi on Zimbabwe black market?
There are whispers the President Emmerson Mnangagwa will come hard on the black market with some saying he will do what Indian Prime Minister Narendra Modi did in India in 2016. The secrecy with which...Published: 11 Oct 2018 at 18:17hrs | 5 | by Ndoro Tafadzwa
'Zimbabwe polls were meant to start new era'
Emmerson Mnangagwa has been declared president of Zimbabwe amid protests and violence.But Zimbabweans are now in a post-political, economy-first mood.Before Zimbabwe's general election...Published: 18 Aug 2018 at 13:58hrs | | by Staff reporter
'Banks to give out more cash'
The Reserve Bank of Zimbabwe (RBZ) says people should expect to withdraw more cash from their banks in the coming weeks, just like what happened at the weekend when Automated Teller Machines (ATMs) di...Published: 07 Aug 2018 at 08:00hrs | | by Staff reported
Zimbabwe cash crisis solution
A Zimbabwean man shows off new bond notes outside a bank in Harare on November 28, 2016. Picture: Philimon Bulawayo/ReutersPursuant to the adoption of the multicurrency system in Zimbabwe unti...Published: 27 Jul 2018 at 15:27hrs | | by Colls Ndlovu
Turning dream of a $10bn budget into reality
IT is now 24 days to D-Day - the day of democracy, when we all go to a polling station and at the cost of about $50 each (the cost of an election in Zimbabwe) we are asked to appoint our next batch of...Published: 06 Jul 2018 at 07:07hrs | | by Eddie Cross
Chamisa to ditch the bond notes in 2 weeks
MDC Alliance presidential candidate Nelson Chamisa has promised to ditch the bond notes as the country’s currency."Once we assume office in August just give me two weeks to deal with cash ch...Published: 03 Jul 2018 at 14:05hrs | | by Staff reporter
RBZ stops issuing $s to banks
THE Reserve Bank of Zimbabwe has temporarily stopped giving US dollars to banks for withdrawal by individuals, as the latter are said to be at the centre of black market currency dealings.The ...Published: 01 Jul 2018 at 08:05hrs | | by Staff reporter
SA police in explosives haul at border
THE South Africa Police Service (Saps) last week arrested seven suspected Zimbabweans after they were allegedly found smuggling 60 explosives through the Beitbridge Border Post.The suspects we...Published: 26 Jun 2018 at 07:08hrs | 1 | by Staff reporter
Mnangagwa headache over moneychangers
Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice.This comes as th...Published: 07 Jun 2018 at 15:13hrs | | by Staff reporter
'Zimbabwe banks ripping-off clients'
Employees in the financial and banking sector under the Zimbabwe Banks and Allied Workers Union (Zibawu) have accused banks of ripping-off clients while paying them slave wages.The workers, in...Published: 03 Jun 2018 at 15:28hrs | | by Staff reporter
Mnangagwa claims Zimbabwe economy is recovering
President Emmerson Mnangagwa's, spokesperson, George Charamba, has claimed that the economy is recovering, suggesting the ongoing cash and fuel shortages were symptoms of an upsurge in purchasing powe...Published: 02 Jun 2018 at 15:57hrs | 1 | by Staff reporter
5 key economic policy matters that will trigger economic stability & growth in Zimbabwe
Over and above the need for political stability and sound macroeconomic management policies, business confidence is the single biggest determinant of economic growth in any country. Economics is a soc...Published: 01 Jun 2018 at 11:45hrs | | by Martin Majaji
All road lead to Dotito - Mujuru party
Revolutionary greetings dear comrades. It is that time when an organisation has to campaign vigorously for the elections. NPP and the PRC alliance are ready to campaign, they are an oiled machine.&nbs...Published: 17 May 2018 at 14:46hrs | | by Khulani David Ndhlovu
Zanu-PF introduces new membership card
THE ruling Zanu-PF is using its stand at the Zimbabwe International Trade Fair (ZITF) to showcase its new membership cards and drum up support ahead of this year's general elections.Chairman o...Published: 27 Apr 2018 at 19:58hrs | | by Staff reporter
Zimbabwe has one ATM with cash
Golix, Zimbabwe's first and largest cryptocurrencies exchange has broken new ground once again by acquiring the country's first ever Bitcoin ATM which comes loaded with hard United States dollars (USD...Published: 06 Apr 2018 at 15:51hrs | | by Nhlalwenhle Ngwenya
Zimbabwe ATMs gather dust
THE severe cash shortage brought about by a debilitating liquidity crunch has severely reduced the use of automated teller machines (ATMs).An ATM is an electronic telecommunications device tha...Published: 09 Mar 2018 at 12:30hrs | | by Staff reporter
Electronic money hits 96% of transactions
Monetary transactions in the Zimbabwean economy are now dominated by electronic payment systems with more than 96 percent of local transactions now being conducted through plastic, internet and mobile...Published: 08 Feb 2018 at 06:41hrs | | by Staff reporter
Metbank 'branchless' banking sets new tone for innovative banking
Harare - Zimbabwe's Metbank has set the tone for innovative digital banking with its intentional and strategic 'branchless banking', and has been hailed for creating employment opportunities for sever...Published: 01 Feb 2018 at 14:49hrs | 5 | by Tapiwa Vhurundiya
Mnangagwa fails to 'coup' cash crisis
Cash shortages in Zimbabwe have persisted more than a month after the new administration led by President Emmerson Mnangagwa assumed power.A snap survey last week by Standardbusiness establish...Published: 21 Jan 2018 at 11:19hrs | | by staff reporter
Cash situation improves in Zimbabwe, banks dispense cash from ATMs
The cash situation has improved with some banks in Harare dispensing a combination of United States dollars and bond notes to depositors for the festive season.The Reserve Bank of Zimbabwe Gov...Published: 24 Dec 2017 at 06:42hrs | | by Staff Reporter
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