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FULL TEXT: RBZ statement on exchange rate
The Reserve Bank of Zimbabwe Monetary Policy Committee has emphasized the need for the Central bank to find ways of of funding productive sectors of the economy. The Committee which met on Mon...Published: 5 hrs ago | 3250 | by Mandla Ndlovu
Zimbabwe: The tragedy of gumboot Shona hegemony and dictatorship
When the colonial masters settled in Africa in the late 1700s and early 1800s, they mainly had one goal to stretch their economic prospects. In their arrival, it was numerically impossible to gather i...Published: 11 hrs ago | 800 | by Ayanda Manala
Securing a personal loan - Some undeniable advantages
Why apply for a personal loan? This money can be used to finance various projects and needs in cash without having of own funds or without having ...Published: 11 hrs ago | 706 | by Staff Writer
Zimbabwe, global de-dollarisation case study - Prof Ncube
Zimbabwe is undergoing a de-dollarisation process that very few countries have successfully implemented and will need time to address the lingering effects of dollarisation, Finance and Economic Devel...Published: 14 hrs ago | 866 | by Staff reporter
Fraud accused wails uncontrollably, court adjourns
A court sitting in Gweru was forced to adjourn for some minutes after a businesswoman accused of swindling a music promoter and businessman of US$17 000 wept uncontrollably after she was asked to stan...Published: 14 hrs ago | 954 | by Staff reporter
Mthuli Ncube hails RBZ swift action on CBZ, Ecobank
Finance and Economic Development Minister Professor Mthuli Ncube has praised the Reserve Bank of Zimbabwe (RBZ) for swiftly acting against two banks alleged to have allowed their depositors to make wi...Published: 14 hrs ago | 1098 | by Staff reporter
RBZ Autonomy and Quasi-Fiscal Activities
The International Monetary Fund (IMF) has warned the Zimbabwean Government that it needs to give autonomy to its central bank if it is to avert the risk of plunging the economy into hyperinflation aft...Published: 17 Nov 2019 at 18:46hrs | 1039 | by Victor Bhoroma
Why Mthuli Ncube will fail
While I wish Finance Minister Mthuli Ncube to succeed, the path he has followed is doomed to fail. I will detail the reasons why below. The situation in which he has placed Zimbabwe's finances is not ...Published: 17 Nov 2019 at 06:04hrs | 2368 | by Ken Mufuka
Ncube's budget gets thumbs down
Zimbabwe's month-on-month inflation rate quickened to 38,75% in October from 17,7% the previous month as analysts warned that Finance minister Mthuli Ncube's 2020 budget will be rendered useless by so...Published: 17 Nov 2019 at 06:03hrs | 1173 | by Staff reporter
Obadiah Moyo urged to resign over doctors' strike
ZIMBABWE Congress of Trade Unions (ZCTU) has urged Health Minister, Obadiah Moyo to step down because he has failed to find solutions to the doctors' strike that is now running into its third month....Published: 17 Nov 2019 at 06:02hrs | 1108 | by newzimbabwe
Mnangagwa's minister caught in messy scandal
INDUSTRY and Commerce minister Sekai Nzenza has been accused of failing to pay back US$8 000 she allegedly took from the corruption-ridden National Social Security Authority (NSSA) under the guise of ...Published: 17 Nov 2019 at 06:01hrs | 3137 | by Staff reporter
Zimbabwe to turn Victoria Falls into regional financial centre?
VICTORIA Falls should be turned into a regional financial centre for the Southern African Development Community as its tourism facilities mean it can attract the right clientele that can push the indu...Published: 17 Nov 2019 at 05:25hrs | 449 | by Staff reporter
Mnangagwa threatens cash barons
Zimbabwe's economy will rebound next year, as Government has set a solid foundation for growth despite being plagued by the worst drought in four decades in the 2018/2019 season, President Emmerson Mn...Published: 17 Nov 2019 at 05:25hrs | 607 | by Staff reporter
You have no honour here, Minister Mthuli
Far from the quixotic idealism of city life, the rural setting presents life in its most raw form, including the intimate and inextricable relationship between man and nature.Nowhere is man fo...Published: 17 Nov 2019 at 05:20hrs | 195 | by Bishop Lazi
Mnangagwa says economy to rebound in 2020
Zimbabwe's economy will rebound next year, as Government has set a solid foundation for growth despite being plagued by the worst drought in four decades in the 2018/2019 season, President Emmerson Mn...Published: 17 Nov 2019 at 05:20hrs | 162 | by Staff reporter
Mthuli Ncube to embark on a brutal clampdown against cash barons
THE government has warned that it would embark on a brutal clampdown against cash barons and unscrupulous bank officials who are diverting money to the black market, the Daily News reports.Thi...Published: 16 Nov 2019 at 19:16hrs | 2457 | by Staff reporter
Mnangagwa warns corrupt councillors
PRESIDENT Mnangagwa yesterday issued a stern warning against corrupt councillors and council officials who divert public funds for personal use, saying Government will not hesitate to punish those cau...Published: 16 Nov 2019 at 08:08hrs | 802 | by Staff Reporter
30 trafficked Zimbabwean women rescued from SA brothels
Nore than 30 Zimbabwean women suspected to be victims of human trafficking were also rescued by South African police from brothels in eMalahleni, formerly Witbank, in Mpumalanga Province where their c...Published: 16 Nov 2019 at 07:08hrs | 2328 | by Staff Reporter
Nothing amiss in cash withdrawals above stipulated limits, Mangudya
Reserve Bank of Zimbabwe Governor, Dr John Mangudya, says there is nothing amiss in depositors withdrawing cash above stipulated limits as exemptions are normal in the financial services sector....Published: 15 Nov 2019 at 19:21hrs | 5011 | by Staff reporter
Outrage over bank charges
Depositors have expressed concern over the high banking charges levied by financial institutions.Speaking at a post-2020 Budget breakfast meeting co-organised by Zimpapers and ZBC in Harare th...Published: 15 Nov 2019 at 19:20hrs | 2758 | by Staff reporter
MDC issues statement on boycotting Mthuli Ncube's budget
The Movement for Democratic Change has issued a statement clarifying their absence at the budget presentation held at parliament building on Thursday. The absence of MDC Parliamentarians irked...Published: 15 Nov 2019 at 12:11hrs | 3692 | by Mandla Ndlovu
ZANU PF Youth leader calls for Mthuli Ncube to resign
ZANU PF Youth League National Commissariat Godfrey Tsenengamu says the Youth League will be marching to the Reserve Bank of Zimbabwe on Monday to push for the resignation of Governor John Mangudya and...Published: 15 Nov 2019 at 09:20hrs | 8586 | by Mandla Ndlovu
Mthuli's budget a drop in the ocean
The 2020 budget is out but the future of the country still looks all gloom and not inspiring at all.The budget lacks clarity and is full of deception, lies and falsehoods. After austerity meas...Published: 15 Nov 2019 at 08:13hrs | 1579 | by Leonard Koni
2 years after Mugabe ouster in a coup: Zimbabwe in an abyss
"Following the address we made on November 13, 2017, which we believe our main broadcaster, the Zimbabwe Broadcasting Corporation and The Herald were directed not to publicise, the situation in our co...Published: 15 Nov 2019 at 06:32hrs | 1190 | by Staff reporter
Zimbabwe to enforce 'use it or lose it' policy for mining assets
Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, Mines minister Winston Chitando said on Wednesday.Ch...Published: 15 Nov 2019 at 06:32hrs | 380 | by Staff reporter
Victoria Falls teachers boycott ZimSec exam
TEACHERS at Mosi-oa-Tunya High School in Victoria Falls on Wednesday stayed at home citing incapacitation at a time they were expected to supervise a Zimbabwe Schools Examination Council (Zimsec) Ordi...Published: 15 Nov 2019 at 06:31hrs | 1192 | by Staff reporter
Decentralise Command agric inputs distribution, govt told
COMMAND agriculture programme beneficiaries in Mashonaland Central province on Wednesday asked Agriculture deputy minister Douglas Karoro to address challenges they were encountering in accessing inpu...Published: 15 Nov 2019 at 06:30hrs | 181 | by Staff reporter
Cross now smelling the coffee, but....
IN the Bible, there is a story of the prodigal son who demanded his share of his father's estate, which the father gave him. Shortly after being given his inheritance, the son runs off and squanders t...Published: 15 Nov 2019 at 06:27hrs | 908 | by Amos Mazambani
Mthuli Ncube misses fiscal reform targets
ECONOMIC reforms and austerity measures being spearheaded by Finance minister Mthuli Ncube under the Transitional Stabilisation Programme (TSP) have gone off the rails after it emerged the central ban...Published: 15 Nov 2019 at 06:20hrs | 337 | by Staff reporter
Can new Zimdollar relieve the chronic cash crunch?
Gason Mukuvadzi, a lanky man with boyish looks, sits behind a makeshift desk in Mbare's Mupedzanhamo centre. An umbrella canvas shelters him from the blistering sun as he waits for customers looking t...Published: 15 Nov 2019 at 06:19hrs | 266 | by Staff reporter
Infrastructural development key to woo investors, says Mangwana
ZIMBABWE needs to focus more on local infrastructure investments and industrialisation in order to woo investors and boost the crumbling economy, a top government official has said.Ministry of...Published: 15 Nov 2019 at 06:19hrs | 94 | by Staff reporter
Zimdollar and the quest for redemption
A NEW currency is in town and this week we witnessed its physical manifestation exactly four-and-a-half months after its official return. Since February, however, the near-return was almost predictabl...Published: 15 Nov 2019 at 06:18hrs | 146 | by Respect Gwenzi
Mnangagwa's Cabinet reshuffle fails to impress
PRESDENT Emmerson Mnangagwa's cabinet reshuffle last Friday, where he retained tired and incompetent ministers, including those tainted by corruption allegations, and assigned supposedly fresh minds t...Published: 15 Nov 2019 at 06:18hrs | 247 | by Staff reporter
Police dismiss social media reports on wads of notes 'linked' to Mutodi
POLICE have dismissed as false, social media reports claiming that they intercepted wads of new bank notes linked to Media, Information and Broadcasting Services Deputy Minister, Energy Mutodi. ...Published: 15 Nov 2019 at 06:16hrs | 302 | by Staff reporter
Ecobank, CBZ fingered in new notes, coins withdrawal scandal
THE Reserve Bank of Zimbabwe (RBZ) has said appropriate disciplinary measures will be taken against Ecobank Zimbabwe and CBZ Bank after two clients withdrew $15 000 and $44 180 respectively from the t...Published: 15 Nov 2019 at 06:14hrs | 560 | by Staff reporter
Zesa struggles to service ring-fenced clients
Zesa Holdings says it is shovelling 400 megawatts towards ring-fenced customers, mainly exporters, but cannot guarantee supply agreements due to depleted capacity to generate or import power. ...Published: 15 Nov 2019 at 06:13hrs | 131 | by Staff reporter
ZACC official seeks to protect house from RBZ
Zimbabwe Anti-Corruption Commission (ZACC) general manager Ms Sukai Tongogara has approached the High Court asking for the placement of a caveat on an Alexandra Park home which she benefited from the ...Published: 15 Nov 2019 at 06:13hrs | 92 | by Staff reporter
Arab Bank backs Mnangagwa
The Arab Bank for Economic Development in Africa intends to increase assistance to Zimbabwe after being impressed by the country's economic reforms. Yesterday, the bank commended President Mnangagwa f...Published: 15 Nov 2019 at 06:12hrs | 373 | by Staff reporter
The Budget 2020 - Which way Zimbabwe
In the darkness of the Zimbabwean economy with ordinary people grinding beans using their back Finance Minister Mthuli Ncube casts a very bright light at the end of the tunnel. He said the count...Published: 14 Nov 2019 at 23:50hrs | 2025 | by Dr Masimba Mavaza
RBZ nails CBZ Bank over cash leakage
POLICE are investigating a case in which CBZ Bank released new $2 notes amounting to $44 180 to a single customer.This followed a picture of wads of new notes stashed in a black plastic contai...Published: 14 Nov 2019 at 21:36hrs | 1955 | by Staff reporter
Mthuli Ncube reduces VAT and corporate tax
Finance and Economic Development Minister Mthuli Ncube marginally cut corporate tax (24% from 25%), VAT (14.5% from 15%) and increased the tax free threshold to $2 000 from $700 with effect from Janua...Published: 14 Nov 2019 at 21:36hrs | 1613 | by Staff reporter
Ecobank in hot soup over cash abuse
Reserve Bank of Zimbabwe (RBZ) says Ecobank is responsible for releasing the wads of brand new notes circulating on social media. RBZ Governor Dr John Mangudya has this afternoon indicated tha...Published: 14 Nov 2019 at 17:10hrs | 3102 | by Staff Reporter
Let's give the MPC time to deliver
The newly constituted Monetary Policy Committee (MPC) of the Reserve Bank of Zimbabwe (RBZ) had its inaugural meeting on the 28th and 29th of October 2019. This was another milestone for the Central B...Published: 14 Nov 2019 at 12:41hrs | 1531 | by Nathan Chikara
RBZ investigates banks over new currency
The Ministry of Information Publicity and Broadcasting Services has announced that government through the Reserve Bank of Zimbabwe is investigating allegations of abuse of newly released bank notes. ...Published: 14 Nov 2019 at 08:02hrs | 4906 | by Mandla Ndlovu
Mnangagwa to abolish VP post reserved for Ndebeles in Zimbabwe govt?
The toxic politics of tribalism and clanism continues unabated in Zimbabwe as the process of "de- Zezurunisation" and "Karanganisation" of government and all sectors which begun when Mnangagwa (Karang...Published: 14 Nov 2019 at 07:38hrs | 9810 | by Israel Dube
New notes, coins hit Bulawayo
EXCITED depositors yesterday flocked to their banking halls in Bulawayo to withdraw new notes and coins following the cash injection on Monday into the formal system by the Reserve Bank of Zimbabwe (R...Published: 14 Nov 2019 at 05:33hrs | 2108 | by Staff reporter
CAAZ mourns funds repatriation
Civil Aviation Authority of Zimbabwe (CAAZ) says failure to repatriate funds to international airlines has piled on to challenges that are discouraging the firm from efficiently discharging duties in ...Published: 14 Nov 2019 at 05:31hrs | 299 | by Staff reporter
RBZ raises $300m
The Reserve Bank of Zimbabwe said yesterday it successfully managed to raise $300 million through its latest 182-day treasury bill auction. The offer, which opened and closed on Tuesday,...Published: 14 Nov 2019 at 05:29hrs | 348 | by Staff reporter
Once cash economy is taxed, who needs cash
There never was any possibility of keeping the bulk of the new notes and coins out of the informal sector, or at least the bulk of the first batches released to banks, since the main reason why most p...Published: 14 Nov 2019 at 05:28hrs | 531 | by Staff reporter
Tendai Biti sent cracking?
Revered economic analyst, Brighton Musonza, has said the return of the Zimbabwean dollar (ZWL$) has sent economic arrivalists such as Tendai Biti cracking with no technical argument against it....Published: 13 Nov 2019 at 20:39hrs | 13117 | by Staff reporter
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