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Ecocash loses ZWG 148,7 million in conversion to new currency
Ecocash Holdings Zimbabwe Limited, a leading diversified digital solutions group, has reported a loss of ZWG 148.7 million following the transition to the newly introduced ZWG currency, which was intr...Published: 16 hrs ago | 679 | by Staff reporter
Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 164 | by Staff reporter
Zimbabwe Warriors aim to finish AFCON qualifiers on a high
With qualification for the 2025 Africa Cup of Nations already secured, Zimbabwe's Warriors, under coach Michael Nees, are not taking their final Group J match against Cameroon lightly. Despite the aca...Published: 18 Nov 2024 at 15:01hrs | 216 | by Staff reporter
Zimbabwe miners propose royalties linked to metal prices
Zimbabwe's Chamber of Mines has put forward a proposal to the Ministry of Finance suggesting that royalty payments be linked to the market prices of metals, including lithium and platinum group metals...Published: 16 Nov 2024 at 14:27hrs | 86 | by Staff reporter
'TTI operating at a loss in Bulawayo'
Tendy Three Investments (TTI), the company contracted to manage parking bays in Bulawayo, is reportedly operating at a significant loss and has proposed a drastic shift in its public-private partnersh...Published: 15 Nov 2024 at 08:38hrs | 1979 | by Staff reporter
Bulawayo parking firm boss rolls into City Hall in US$400k Rolls Royce
Lizwe Mabuza, the chairman of Tendy Tree Investments (TTI), the company managing Bulawayo's paid parking, arrived at City Hall in a US$400,000 Rolls Royce Cullinan last week, prompting a wave of publi...Published: 14 Nov 2024 at 13:16hrs | 1782 | by Staff reporter
Call for transparency and Stakeholder Consultation on New Cyber and Data Protection Licencing Regulations
The recent implementation of the Cyber and Data Protection Licencing regulations (S.I. 155 of 2024) by the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has sparked significa...Published: 08 Nov 2024 at 14:44hrs | 109 | by Engineer Jacob Kudzayi Mutisi
Siya Kolisi Splits with Wife
Springbok captain Siya Kolisi and his wife Rachel have blown the final whistle on their eight-year marriage, a love story that's had South Africa cheering from the stands. On 22 October, the coupl...Published: 08 Nov 2024 at 14:16hrs | 799 | by Staff Reporter
ZERA increases fuel prices in Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) has announced a fuel price adjustment for diesel and petrol blend, impacting prices in both Zimbabwean dollars and US dollars. The new rates, effective ...Published: 06 Nov 2024 at 16:24hrs | 8907 | by Staff reporter
FC Platinum's title hopes crushed
Dynamos 2 - 0 FC PlatinumWith rivals Simba Bhora securing a nine-point lead just a day earlier, FC Platinum entered the game under pressure to close the gap. However, Dynamos exploited that urgenc...Published: 04 Nov 2024 at 06:32hrs | 148 | by Staff reporter
Bonuses for civil servants will be paid starting Friday next week
Starting Friday next week, Zimbabwean public sector employees will begin receiving their 2024 annual bonuses, with the first 50 percent instalment to be paid alongside November salaries and the remain...Published: 03 Nov 2024 at 10:05hrs | 1415 | by Staff reporter
RBZ hikes limits for mobile money and electronic transactions
Zimbabwe's Reserve Bank (RBZ) has announced an increase in transaction limits for mobile money and electronic transfers, a move aimed at addressing the challenges posed by rising inflation and fluctua...Published: 02 Nov 2024 at 08:49hrs | 5599 | by Staff reporter
Godongwana controversially allocates R321 million to Western Cape
In a surprising move, Finance Minister Enoch Godongwana has allocated an additional R321 million in basic education funding exclusively to the Western Cape, sparking concerns and calls for transparenc...Published: 31 Oct 2024 at 11:58hrs | 1650 | by Staff reporter
Economy registers three-year growth, says Prof Ncube
Zimbabwe has sustained robust economic growth over the past three years, averaging an impressive 6.8 percent annually, despite significant currency fluctuations, Finance, Economic Development, and Inv...Published: 31 Oct 2024 at 06:48hrs | 89 | by Staff reporter
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 29 Oct 2024 at 13:49hrs | 4502 | by Staff reporter
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 155 | by Staff reporter
IMF, World Bank not serving African interests
Humanitarian organization ActionAid has issued a scathing call for the overhaul or abolition of the International Monetary Fund (IMF) and World Bank, arguing that these institutions do not serve the i...Published: 24 Oct 2024 at 07:59hrs | 122 | by Staff reporter
Potraz approves tariff increase for Zimbabwe telecoms sector
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved a tariff adjustment for local telecommunications companies in response to the recent devaluation of the Zimbabw...Published: 21 Oct 2024 at 14:01hrs | 1715 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1427 | by Staff reporter
Zimbabwe govt keeps civil servants' salaries at 12% of GDP
The Zimbabwean government has announced that it will maintain civil servants' salaries at 12% of the gross domestic product (GDP), using GDP growth as the benchmark for future salary improvements. Thi...Published: 18 Oct 2024 at 08:52hrs | 2649 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3248 | by Engineer Jacob Kudzayi Mutisi
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6185 | by Engineer Jacob Kudzayi Mutisi
South Africa's fuel price honey moon is over
Bad news for South African motorists as the Automobile Association expects the fuel price to increase next month -- the first since May.The pending increase is a result of higher international...Published: 17 Oct 2024 at 10:39hrs | 648 | by Staff reporter
Zimbabwean Mine Workers Demand Cost of Living Adjustments Amid Economic Crisis
Harare, Zimbabwe - The National Employment Council for the mining industry has received a petition calling for immediate cost of living adjustments to mine workers' salaries. The plea comes in respons...Published: 16 Oct 2024 at 17:03hrs | 778 | by Stephen Jakes
Backdated pay rise for civil servants
The Government has delivered on its commitment to review upwards the salaries of civil servants, with employees starting to receive their backdated pay yesterday. This move is part of the Government's...Published: 16 Oct 2024 at 11:47hrs | 528 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 166 | by Staff reporter
Bulawayo Female Councillors Hailed for Cleanliness
Bulawayo's female councillors have been praised for managing waste in their wards more effectively than their male counterparts.Bulaway...Published: 15 Oct 2024 at 07:32hrs | 230 | by Stephen Jakes
MRP Announces National Women's League Executive
The Mthwakazi Republic Party (MRP) leadership has announced the new National Women's League executive committee as the party revitalizes itself to advance...Published: 15 Oct 2024 at 07:25hrs | 419 | by Stephen Jakes
Mahatshula Library and Hall Projects Lack Progress
The construction of the Mahatshula library and hall has been delayed due to the increasing number of projects that need to be completed, placing additiona...Published: 15 Oct 2024 at 07:08hrs | 75 | by Stephen Jakes
Gold reserves backing ZiG rise
The Reserve Bank of Zimbabwe (RBZ) has reassured the public of continued exchange rate stability, with gold reserves backing the Zimbabwe Gold (ZiG) currency now valued at over US$450 million, up from...Published: 10 Oct 2024 at 18:50hrs | 6231 | by Staff reporter
USD salary rise, bonus for Zimbabwe civil servants
The Treasury has earmarked substantial funds to increase the remuneration of government employees, with a particular focus on raising the US dollar salary component. This move aims to cushion workers ...Published: 06 Oct 2024 at 10:01hrs | 1629 | by Staff reporter
ZiG adjustment stabilises prices, claims Mthuli Ncube
The recent adjustment of the exchange rate between the Zimbabwe Gold (ZiG) currency and the United States dollar has successfully stabilised market prices, Finance, Economic Development and Investment...Published: 05 Oct 2024 at 11:29hrs | 164 | by Staff reporter
Zimbabwe Young Warriors' AFCON dream crushed by Zambia
Zimbabwe 2 - 2 Zambia(Zambia won 6-5 on penalties)Zimbabwe's Young Warriors' hopes of qualifying for next year's CAF Under-20 Africa Cup of Nations (AFCON) were dashed in a dramatic penalty sh...Published: 04 Oct 2024 at 08:24hrs | 147 | by Staff reporter
Salary review for civil servants
The Government of Zimbabwe is set to adjust the wages of civil servants in response to the recent 42.55 percent increase in the Zimbabwe Gold (ZiG) exchange rate against the United States dollar, Fina...Published: 03 Oct 2024 at 08:45hrs | 421 | by Staff reporter
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 54 | by Staff reporter
Bulawayo pegs 2025 budget at US$309m
The Bulawayo City Council (BCC) has unveiled a proposed budget of US$309 million for 2025, marking a 17% increase from the US$264 million budget for 2024. The proposal, presented by the Finance and De...Published: 30 Sep 2024 at 07:44hrs | 134 | by Staff reporter
Zimbabweans outraged after RBZ devalues ZiG
A storm of outrage has swept across Zimbabwe following the Reserve Bank of Zimbabwe's (RBZ) shocking decision to devalue the Zimbabwe Gold (ZiG) currency by 75%. The drastic measure has ignited a wave...Published: 28 Sep 2024 at 13:27hrs | 6764 | by Staff reporter
Cracking the code on forex trading: How does it really work?
Engaging in forex trading presents an opportunity for South Africans to participate in the international financial scene and potentially make profits by leveraging currency fluctuations. There is grow...Published: 27 Sep 2024 at 23:12hrs | 527 | by Staff Reporter
'Govt must adjust ZiG salaries following currency devaluation'
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has called on Finance Minister Mthuli Ncube and the government to take immediate action in adjusting salaries following the official devaluatio...Published: 27 Sep 2024 at 17:52hrs | 1880 | by Staff reporter
Zulu Lithium operations set for restart
In February this year, Premier announced its intention to raise £2,4 million (about US$3,15 million) to fund the Zulu project, which is situated in Insiza district, Matabeleland South Province....Published: 16 Sep 2024 at 08:43hrs | 411 | by Staff reporter
Trey Nyoni: From Liverpool academy sensation to first-team aspirant
As the new Premier League season unfolds, it's evident that Liverpool remains in top form under new head coach Arne Slot. While Slot has made some tactical adjustments since taking over from Jurgen Kl...Published: 15 Sep 2024 at 10:04hrs | 392 | by Staff reporter
Mnangagwa's govt blows unbudgeted US$16m
The government incurred significant unbudgeted expenditures earlier this year by providing twin-cab vehicles to chiefs, a move that has placed their parent ministry in a financial deficit, Finance Min...Published: 13 Sep 2024 at 08:12hrs | 1917 | by Staff reporter
Treble boost for Bosso
Highlanders will be bolstered by the return of Godfrey Makaruse and Never Rauzhi for their much-anticipated Castle Lager Premier Soccer League (PSL) second-leg clash against a resurgent CAPS United at...Published: 13 Sep 2024 at 08:00hrs | 119 | by Staff reporter
Zimbabwe Warriors coach wary of Cameroon
New Zimbabwe national football coach Michael Nees described his team's goalless draw against Kenya as a "good landing" in his debut match. However, he is now pushing for more discipline from his playe...Published: 08 Sep 2024 at 09:27hrs | 230 | by Staff reporter
Zimbabwean businessman acquires Fortune Africa Magazine
Zimbabwean businessman and philanthropist Edd Branson has acquired Fortune Africa Magazine, a leading media firm known for its economic and political coverage across Africa. ...Published: 17 Aug 2024 at 12:35hrs | 199 | by Staff reporter
Mnangagwa govt misses villas deadline
The Zimbabwean government has missed the deadline for completing the 18 state-of-the-art presidential villas in Mt Hampden, which were intended to host heads of state during the Southern African Devel...Published: 16 Aug 2024 at 08:40hrs | 1455 | by Staff reporter
SA Home Affairs Minister enhances work permit process for ZEP holders
Leon Schreiber, the Minister of Home Affairs, unveiled a new technical directive aimed at expediting the work permit application process for Zimbabwe Exemption Permit (ZEP) holders. Currently, about 1...Published: 14 Aug 2024 at 09:54hrs | 1470 | by Staff reporter
Zimra mulls severe penalty on tax debts
The Zimbabwe Revenue Authority (Zimra) is considering imposing severe tax penalties to compel public and private entities to settle substantial outstanding tax debts. These debts primarily stem from c...Published: 14 Aug 2024 at 08:31hrs | 174 | by Staff reporter
New dates for vacation school
The Ministry of Primary and Secondary Education has revised the dates for vacation school for examination classes, moving it to the first two weeks of the school holidays, from August 9-22, instead of...Published: 06 Aug 2024 at 08:51hrs | 300 | by Staff reporter
Zimbabwe changes schools' closing date for examination classes
The Zimbabwean government has adjusted the holiday school calendar for public examination classes. Schools will now remain open until August 22 for these classes, i...Published: 03 Aug 2024 at 12:29hrs | 2607 | by Staff reporter
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