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Bulawayo forex discounts endorsed
BULAWAYO residents are going to get a 50 percent discount for settling their rates in foreign currency, while industries will have a 30 percent discount after councillors endorsed the resolution which...Published: 14 Aug 2022 at 07:20hrs | 206 | by Staff reporter
Payment for goods priced in black-market rates suspended?
All payments have been suspended for goods supplied to Government ministries, departments and agencies and possibly priced using black market exchange rates with procuring units now compelled to do du...Published: 12 Aug 2022 at 06:34hrs | 346 | by Staff reporter
Policy flaws chasing Forex from the formal market
It is estimated that US$2.5 billion is circulating outside the formal banking system in Zimbabwe with households, businesses and foreign investors preferring to store their hard-earned foreign currenc...Published: 11 Aug 2022 at 12:05hrs | 2095 | by Victor Bhoroma
BCC, TTI reviews parking model with immediate effect
Motorists will now be able to transfer their paid parking time to different parking bays after the City of Bulawayo and Tendy Three Investments Private Limited (TTI) reviewed the smart parking p...Published: 10 Aug 2022 at 18:26hrs | 858 | by Staff reporter
Businessman locks horns with top judges
A Harare businessman has accused deputy chief justice Elizabeth Gwaunza of abuse of office in a case where he lost a property worth over US$230 000.Tendai Mashamhanda, who is fighting to regai...Published: 07 Aug 2022 at 18:54hrs | 696 | by Staff reporter
'Fuel price drop must benefit consumers'
BUSINESSES should review prices of goods and services downwards in line with the recent decline in fuel prices, a Cabinet Minister has said.This comes as interventions by the Reserve Bank of Z...Published: 07 Aug 2022 at 08:16hrs | 49 | by Staff reporter
Top Zimbabwe judges in the eye of a storm
A Harare businessman has written a letter of complaint to Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi raising allegations of criminal abuse of office, conflict of interest and ob...Published: 07 Aug 2022 at 08:05hrs | 264 | by Staff reporter
When a president is forced to donate food to a starving nation then it proves he has failed as a leader!
When a country reaches a level - whereby, the president donating food to starving school pupils, who had cried out to him in desperation for help, is touted as a sign of good leadership and progress -...Published: 05 Aug 2022 at 09:50hrs | 2390 | by Tendai Ruben Mbofana
Chamisa flags barren Zanu-PF leadership
Citizens Coalition for Change (CCC) leader Nelson Chamisa has dismissed government's 2022 Mid-Term budget statement as a blatant certification to citizen poverty adding the fiscal blueprint was reflec...Published: 04 Aug 2022 at 22:32hrs | 1958 | by Staff reporter
BCC, TTI make close to US$40 000 from parking system
THE Bulawayo City Council has racked in U$$21 433, 71 and US$15 968 in parking and clamping fees in a five-month period from its deal with Tendy Three International (TTI).The BCC in partnershi...Published: 03 Aug 2022 at 18:57hrs | 493 | by Staff reporter
Chamisa slams gold coins introduction in Zimbabwe
CITIZENS Coalition for Change leader, Nelson Chamisa, has slammed the introduction of gold coins, saying they are a conduit for corruption, and called for the country to return to exclusive use of the...Published: 03 Aug 2022 at 18:53hrs | 5341 | by Staff reporter
Zimbabwe roads authority increases toll gate fees by 39%
THE Zimbabwe National Roads Authority (ZINARA) has hiked toll fees by 39% in line with exchange rate movements.The new fees are with effect from 3 August 2022.In a statement Tuesday, t...Published: 02 Aug 2022 at 19:56hrs | 1127 | by Staff reporter
Thousands evicted from Crest Breeders Farm
THOUSANDS of Zanu-PF supporters were left stranded, and are now sleeping in the open, after they were evicted from Crest Breeders Farm in Harare South last Friday.Caught up in the eviction ema...Published: 01 Aug 2022 at 06:38hrs | 1391 | by Staff reporter
Zimbabwe banks run out of gold coins
DEMAND for the new Zimbabwean gold coins has been overwhelming and banks have been inundated by their corporate and individual customers seeking a legal and sensible way of preserving value.Th...Published: 01 Aug 2022 at 06:35hrs | 7173 | by Staff reporter
Huge appetite for Zimbabwe gold coins
ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of t...Published: 31 Jul 2022 at 17:51hrs | 6077 | by Staff reporter
Massive Zimbabwe police vehicle theft scam exposed
A click of senior police officers allegedly helped themselves to cars that were impounded from motorists with most of the vehicles ending up at an auction business owned by Vice-President Constantino ...Published: 31 Jul 2022 at 08:13hrs | 1735 | by Staff reporter
Western countries trying all tricks to remove Zanu-PF from power
AS the clock ticks towards the 2023 harmonised elections, which some have described as "crunch" (interestingly all polls since 2008 have been dubbed as such!), Zimbabweans should brace for more shocks...Published: 29 Jul 2022 at 06:49hrs | 733 | by Staff reporter
Arthur Mutambara trashes RBZ's gold coins initiative
FORMER Deputy Prime Minister Arthur Mutambara has trashed the Reserve Bank of Zimbabwe's (RBZ) gold coins initiative, supposedly meant to ease inflation, as nothing other than ‘a shameful opportunit...Published: 27 Jul 2022 at 19:37hrs | 2162 | by Staff reporter
Africanise the law and land
In Mzansi, most citizens can only own real estate when they are dead - their graves and tombstones if they can afford one. From the living majority, they become the silent majority.Throughout ...Published: 27 Jul 2022 at 19:29hrs | 378 | by Lindiwe Sisulu
Council sues 400 defaulters per month
NEARLY 400 people are sued monthly by the Bulawayo City Council (BCC) and some end up having their property auctioned by the Messenger of Court after failing to settle their debts. Last Friday...Published: 25 Jul 2022 at 06:27hrs | 332 | by Staff reporter
Zimbabwe gold coin out today
The Reserve Bank of Zimbabwe (RBZ) will release the Mosi-oa-Tunya gold coins onto the market today and they will be sold in local currency, US$ and other foreign currencies.Their price is base...Published: 25 Jul 2022 at 06:27hrs | 988 | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 273 | by Victoria Ruzvidzo
Democratisation of mine workers representation platform critical to build an inclusive NEC
HARARE: Zimbabwe has a monopolistic mine workers' representation system which constitutes National Chamber of Mines and AMWUZ - Associated Mine Workers Union of Zimbabwe.This uneven terrain in...Published: 22 Jul 2022 at 21:54hrs | 119 | by Maxwell Teedzai
Chidawu burial date set
National hero and Minister of State for Harare Provincial Affairs and Devolution Engineer Oliver Chidawu, who collapsed and died at his home in Harare on Tuesday, will be buried on Monday next week at...Published: 22 Jul 2022 at 06:39hrs | 388 | by Staff reporter
Zimdollar official exchange rate breaches $400 mark as black market around $800
THE Reserve Bank of Zimbabwe (RBZ) official exchange rate has reached ZW$403,40 against the greenback in a development experts believe to be prompted by market forces.A trading update released...Published: 20 Jul 2022 at 08:23hrs | 4077 | by Staff reporter
Zimbabwe gold coins to be held for at least 180 days
Individuals and institutional buyers of Reserve Bank of Zimbabwe (RBZ's) gold coins will be required to hold them for at least 180 days before selling while exporters earning less than a million US do...Published: 20 Jul 2022 at 06:34hrs | 696 | by Staff reporter
Concern over Zimbabwe's gold coins
ONE of Zimbabwe's top asset managers, Zimnat Asset Management (Zimnat) has noted that the country's gold coins scheme is elitist and cannot present significant arbitrage profiteering opportunities in ...Published: 19 Jul 2022 at 06:12hrs | 1466 | by Staff reporter
Errant contractors face blacklisting
Firms using money they earn from Government contracts to deal in the foreign currency black market will be blacklisted from future contracts, have the proceeds of illegal transactions confiscated, the...Published: 19 Jul 2022 at 06:07hrs | 152 | by Staff reporter
RBZ summons retailers, manufactures
RETAILERS and manufacturers have been summoned to a no-holds-barred meeting on price hikes by the Financial Intelligence Unit (FIU), a unit of the Reserve Bank of Zimbabwe, especially against the back...Published: 17 Jul 2022 at 09:05hrs | 481 | by Staff reporter
Zimbabwe's economy not as bad as claimed, says Mangudya
RESERVE Bank of Zimbabwe (RBZ) Governor, John Mangudya has said the country's economy is doing well despite the negative perception among the people.Giving oral evidence on the performance of ...Published: 13 Jul 2022 at 07:24hrs | 1946 | by Staff reporter
Zimbabwe sets new record of planted winter wheat hectares
ZIMBABWE has this year set a new record of planted winter wheat hectares and farmers have been exempt from electricity load shedding, Information, Publicity and Broadcasting Services Minister Monica M...Published: 13 Jul 2022 at 07:19hrs | 370 | by Staff reporter
'Exclusive USD pricing illegal'
PRICING of goods exclusively in US dollars remains completely illegal and businesses not accepting local currency payments for every product should stop the illegal practice forthwith or risk having t...Published: 13 Jul 2022 at 07:18hrs | 301 | by Staff reporter
Will gold coins ease the pain?
A SENATOR and economic analysts have dismissed government's new gold coins as elitist and told Finance minister Mthuli Ncube to sort out the country's financial mess.This is after Reserve Bank...Published: 07 Jul 2022 at 08:06hrs | 1109 | by Staff reporter
Inflated BCC bills spark outrage
BULAWAYO City Council's decision to index charges in foreign currency and convert these at the prevailing official exchange rate has sparked outrage with residents saying they have received shocking b...Published: 05 Jul 2022 at 21:04hrs | 512 | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | 1168 | by Staff reporter
RBZ gold coins to strengthen Zimdollar
The Reserve Bank of Zimbabwe (RBZ) last week, following a resolution agreed on by its Monetary Policy Committee (MPC), announced plans to introduce gold coins to be used as a new investment tool to st...Published: 04 Jul 2022 at 06:54hrs | 408 | by Staff reporter
Mangudya defends new currency measures
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says recent official exchange rate adjustments will help in mopping excess liquidity in the market and stabilise the currency and inflation....Published: 03 Jul 2022 at 09:30hrs | 858 | by Staff reporter
Date set for Zimbabwe gold coins rollout
GOLD coins that were announced last week as a new measure and alternative to store monetary value, will be introduced into the market mid-this month and will be purchased using both foreign and local ...Published: 03 Jul 2022 at 09:28hrs | 2911 | by Staff reporter
'Mnangagwa abusing Presidential powers'
THE opposition Citizens Coalition for Change (CCC) has castigated President Emmerson Mnangagwa's use of Presidential Powers to legalise the hike in interest rates by 200% and to declare lending and re...Published: 01 Jul 2022 at 07:31hrs | 6094 | by Staff reporter
Gold coins: Broadening and cementing economic confusion
THE Reserve Bank of Zimbabwe really loves to lie to the people and then start believing its own lies.This thing of gold coins to preserve value does not make any economic logic and I will say ...Published: 01 Jul 2022 at 07:24hrs | 573 | by Brian Sedze
Zimbabwe has higher inflation than war-torn Ukraine
ZIMBABWE's inflation rate at 191,7% as of June 23 is now much higher than Ukraine's 41%, a country in the middle of a fierce war with Russia.In a statement, the Zimbabwe Coalition on Debt and ...Published: 01 Jul 2022 at 07:22hrs | 225 | by Staff reporter
Who cares if the presidents knows bread price, when millions of Zimbabweans can’t afford even a loaf?
I am quite sure the reckless, but rather self-conceited, statement by information ministry permanent secretary, Nick Ndavaningi Mangwana - to the effect that Zimbabwe President Emmerson Dambudzo Mnang...Published: 01 Jul 2022 at 04:44hrs | 709 | by Tendai Ruben Mbofana
Zimbabwean doctor at centre of Grace Mugabe farm 'gift' charged with medical misconduct; risks being struck off by tribunal
A doctor at the centre of a 2016 farm seizure row in Zimbabwe is appearing before the UK Medical Practitioners Tribunal Service (MPTS) over allegations of mistreating patients.The tribunal, un...Published: 30 Jun 2022 at 06:50hrs | 2768 | by Staff reporter
Early Christmas for Nkayi family which lost 21 cows...as they get 16 more
The Nkayi family which lost 21 cattle after mistaking a deadly pesticide for one of the popular worm remedies for livestock has received an early Christmas present after veteran farmers and well wishe...Published: 29 Jun 2022 at 10:07hrs | 8330 | by Mandla Ndlovu
Interbank rate now sole legal rate, huge penalties for breaches
The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...Published: 29 Jun 2022 at 07:42hrs | 563 | by Staff reporter
nZondo Commission 'a useful distraction' from South Africa's pressing problems
Many South Africans have already drawn their conclusions regarding the judicial Commission of Inquiry into Allegations of State Capture, corruption and fraud in the Public Sector, including Organs of ...Published: 28 Jun 2022 at 19:50hrs | 403 | by Sipho Seepe
South Africa's moonlighting President has a serious constitutional case to answer
Our rudderless President Cyril Ramaphosa has been exposed not only for his lack of leadership, but also for his gross misunderstanding of the country's Constitution.We all know that he was a v...Published: 28 Jun 2022 at 12:01hrs | 345 | by Paul Ngobeni
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 | 4005 | by Staff reporter
Crime Intelligence funds used for Ramaphosa's Phala Phala 'farmgate' cover-up
A secret Crime Intelligence fund was used to finance the clandestine operations set up to trace the thieves who stole millions of dollars from President Cyril Ramaphosa's Phala Phala farm in February ...Published: 26 Jun 2022 at 10:31hrs | 669 | by Mzilikazi Wa Afrika
Ramaphosa has a serious constitutional case to answer
Our rudderless President Cyril Ramaphosa has been exposed not only for his lack of leadership, but also for his gross misunderstanding of the country's Constitution.We all know that he was a v...Published: 26 Jun 2022 at 09:26hrs | 696 | by Paul Ngobeni
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