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Zimbabwe banker, SA banks implicated in R2 billion electoral scandal
A top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission (ZEC) tender scandal involving a South African printing company paid R1.2 billion by the Harare governme...Published: 08 May 2025 at 09:58hrs | 2454 | by Roland Mpofu I iol
Duo hack Access Forex system, steal $220, 000
A Mutare man and his accomplice appeared in court yesterday facing allegations of hacking into the Access Forex system and fraudulently withdrawing US$220,000 last year.Ngonidzashe Lison Dhubi...Published: 22 Feb 2025 at 09:31hrs | 751 | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 39 | by Senziwani Sikhosana
Aspiring Zanu-PF MP spends weekend in jail over money laundering
Zanu-PF Makoni West constituency aspiring candidate Moses Ruwona will spend the weekend behind bars after Harare regional magistrate Stanford Mambanje postponed his bail ruling to tomorrow.Ruw...Published: 16 Apr 2023 at 08:33hrs | 23 | by Staff reporter
Access Forex loses US$260K while 'laundering' money
HARARE - Financial services firm Access Forex was accused of money laundering in court on Thursday after it emerged the company hired an aspiring Zanu PF MP to make huge foreign payments on its behalf...Published: 14 Apr 2023 at 12:32hrs | 24 | by Staff Reporter
Zimdollar slides to $604.2 against US dollar
THE Reserve Bank of Zimbabwe (RBZ) has allotted a combined US$15, 625 million to the main and Small and Medium Enterprise (SMEs) foreign exchange platforms this week, a slight increase from last week'...Published: 14 Sep 2022 at 05:46hrs | | by Staff reporter
Money transfer agents warn of massive transaction fee hike
PRESIDENT Emmerson Mnangagwa's recent imposition of a mandatory 4% Intermediate Monetary Transfer Tax (IMTT) on domestic foreign currency transfers has the potential to double transaction fees being p...Published: 12 May 2022 at 06:29hrs | 1 | by Staff reporter
Zimdollar tanks against US dollar
THE Zimbabwean dollar further weakened against the United States dollar at the weekly forex auction system on Tuesday, trading at Z$165,99 to the green back.Last week, the local currency trade...Published: 04 May 2022 at 20:06hrs | 2 | by Staff reporter
RBZ lifts Access Forex suspension
Access Forex is back in the business of local remittances after a few days of suspension due to pending Exchange Control regulatory approvals.This comes after the Reserve Bank of Zimbabwe gave...Published: 28 Apr 2022 at 08:54hrs | 3 | by Staff reporter
RBZ gives Access Forex the greenlight on local transfers
THE country's fastest growing domestic and international money transfer platform Access Forex is back in the business of local remittances after a few days of suspension due to pending Exchange Contro...Published: 27 Apr 2022 at 18:38hrs | 30 | by Staff Reporter
RBZ suspends Access Forex with immediate effect
THERE is a bloodbath in the financial services sector, with the Reserve Bank of Zimbabwe (RBZ) Monday shutting down yet another foreign currency dealership, Access Forex.The company announced ...Published: 25 Apr 2022 at 18:01hrs | | by Staff reporter
Zimbabwean consumers feel the pinch as cost of living shoots up
THE wave of price hikes resulting from the weakening of the Zimbabwe dollar spells doom for beleaguered citizens in the New Year, with no reprieve in sight to the country's deepening economic crisis....Published: 03 Feb 2022 at 16:11hrs | 11 | by Staff reporter
RBZ dishes out US$6 million to 130 000 citizens
THE Reserve Bank of Zimbabwe (RBZ) has disbursed more than US$6 million to close to 130 000 people following Government's decision last month to promote financial inclusion and access to forex for sma...Published: 29 Oct 2021 at 08:11hrs | 5 | by Staff Reporter
'NRZ has been on perennial decline mode'
THE National Railways of Zimbabwe (NRZ) says COVID–19-induced hard lockdowns and competition from the road transportation system will see total freight volumes dropping to 2,1 million tonnes this ye...Published: 21 Oct 2021 at 06:21hrs | | by Staff reporter
Govt will keep digging in on currency
IN the week under review the Zimbabwean dollar (Zimdollar) swept past the psychological 1:90 mark. The local unit has been losing ground against the United States dollar on a weekly basis, for 24 stra...Published: 15 Oct 2021 at 20:20hrs | 1 | by Respect Gwenzi
Consumer watchdog slams business
THE Consumer Council of Zimbabwe (CCZ) says businesses have effected "unjustified" price hikes in the past few months despite accessing foreign currency on the Reserve Bank of Zimbabwe (RBZ)'s foreign...Published: 23 Sep 2021 at 06:32hrs | 2 | by Staff reporter
RBZ, business set for showdown over Statutory Instrument 127 of 2021
The Confederation of Zimbabwe Industries (CZI) wants the government to suspend the "heavy handed" decree promulgated last week as it has the potential to kill market confidence. Statutory Inst...Published: 03 Jun 2021 at 08:38hrs | | by Staff reporter
Demand for rand disbursements spurs Access Forex
MONEY transfer services firm, Access Forex, says it has positioned itself to expand business in response to overwhelming demand for rand cash disbursements mainly in Matabeleland provinces and parts o...Published: 06 Apr 2021 at 15:41hrs | 3 | by Staff reporter
Mnangagwa implores business produce more goods at affordable prices
PRESIDENT Emmerson Mnangagwa has implored business to capitalise on the country's stabilising economy and produce more goods at affordable prices for ordinary Zimbabweans.Speaking at the unvei...Published: 29 Oct 2020 at 21:08hrs | 1 | by Staff reporter
'Measures to insulate Zimdollar against erosion sustainable'
Measures put in place to insulate the local currency against erosion are sustainable beyond the lockdown, Finance and Economic Development Minister Professor Mthuli Ncube has said, despite the reopeni...Published: 26 Oct 2020 at 06:39hrs | | by Staff reporter
Stability of prices brings relief
Prices of basic commodities are stabilising and marginally decreasing on selected items, arresting the volatility and speculative behaviour which characterised the market before the introduction of th...Published: 12 Sep 2020 at 07:36hrs | | by Staff reporter
EcoCash bureau de change launch to spur financial inclusion in Zimbabwe
THE recent launch of a bureau de change by Zimbabwe's leading mobile money service provider EcoCash after approval by the country's central bank is likely to help channel more remittances through form...Published: 28 Aug 2019 at 07:41hrs | 2 | by Sifelani Tsiko
Fuel company cheats Government
Energy and Power Development Minister Fortune Chasi says some fuel companies were applying to access foreign currency to import fuel but when the fuel arrives in the country they divert it to bl...Published: 12 Aug 2019 at 16:03hrs | 1 | by Mandla Ndlovu
Fuel procurement now via interbank rate
GOVERNMENT has, with immediate effect, removed the 1:1 foreign currency exchange rate for the procurement of fuel by Oil Marketing Companies (OMCs), which will result in the interbank market being use...Published: 21 May 2019 at 06:19hrs | | by Staff reporter
'Private sector frustrates interbank system'
INDUSTRY and Commerce Minister Mangaliso Ndlovu has blamed the private sector for frustrating the success of the interbank foreign currency market by shifting goal posts and blaming Government for the...Published: 30 Apr 2019 at 06:36hrs | 1 | by Staff reporter
Harare, RBZ in forex tussle
A BITTER wrangle between Harare City Council and the Reserve Bank of Zimbabwe over foreign currency allocations is far from over, despite the release of US$150 000 this week by the central bank to the...Published: 26 Apr 2019 at 17:28hrs | | by Staff reporter
Bulawayo companies struggling to access RBZ's forex interbank market
BUSINESSES in Bulawayo say they are struggling to access foreign currency from the interbank market due to its unavailability, contrary to the central bank's statement that the firms could not afford ...Published: 13 Mar 2019 at 07:03hrs | 5 | by Staff reporter
Monetary policy, a huge leap towards safety
The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, yesterday took a huge positive leap towards healing the ailing economy when he devalued the bond note during his Monetary Policy Statement (...Published: 21 Feb 2019 at 21:02hrs | | by Staff reporter
Imports push fridge makers to the edge
THE local refrigerator-manufacturing industry needs protection from imports as it is now cheaper to import than manufacture, a leading player, Capri, has said.The fridge maker, which ceased op...Published: 19 Jan 2019 at 10:46hrs | | by Staff reporter
'Fuel service stations feeding black market'
FUEL stations in Bulawayo have been exposed for feeding the commodity to the black market for sale at distorted prices despite getting foreign currency support from Government. Bulawayo Provin...Published: 26 Nov 2018 at 06:02hrs | | by Staff reporter
Retailers still using three-tier pricing system
UNSCRUPULOUS retailers are still resorting to the three-tier payment mode adversely impacting on consumers who are already struggling to contain the effects of the prevailing liquidity crunch in the c...Published: 17 Dec 2017 at 07:16hrs | | by Staff reporter
Zimbabwe can never run out of food - Zanu-PF Minister
Industry and Commerce Minister Mike Bimha reportedly said no food shortages will be experienced in the country contrary to social media reports circulating that basic commodities were becoming scarce ...Published: 12 Jun 2016 at 06:07hrs | | by Staff Reporter
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