Search / Banker
Police arrest 6 suspects after money transfer agency robbed
A gang of 12 armed robbers stole US$716,340 cash after breaking into the offices of a financial services company in Harare and blowing up safes, police said on Tuesday.Six suspects have been a...Published: 27 Feb 2024 at 19:07hrs | 1336 | by Staff reporter
Tshabangu inflicted damage
"WHEN I saw the recall letter circulating on social media I thought it was a hoax. I showed it to my colleagues and we laughed it off," says Evidence Zana, the recalled Bulawayo youth quota member of ...Published: 12 Feb 2024 at 13:53hrs | 499 | by Staff reporter
CBZ opens Johannesburg office
CBZ Bank Limited, a wholly-owned subsidiary of the diversified and listed financial services group CBZ Holdings (CBZH), has opened a new office in Sandton, Johannesburg, South Africa.CBZH prov...Published: 12 Feb 2024 at 13:53hrs | 464 | by Staff reporter
Zimdollar crashes to lowest since its 2019 revamp
A fresh plunge in the value of the Zimbabwean dollar means that everyone in the country with US$100 is now a millionaire in local-currency terms. Again.The local unit on Tuesday weakened past ...Published: 31 Jan 2024 at 04:56hrs | 3950 | by Staff reporter
Sibanda engages Bosso's Harare fans
HIGHLANDERS chairman Johnfat Sibanda believes he still has a lot to offer at the club and re-election in the upcoming elections will allow him to take the club to another level. Sibanda will g...Published: 26 Jan 2024 at 04:39hrs | 77 | by Staff reporter
Zimdollar flounders
Zimbabwe's central bank will hold its first rate-setting meeting of the year next Monday as it seeks to deal with a currency rout.The monetary policy committee will meet "to discuss interventi...Published: 25 Jan 2024 at 06:37hrs | 1117 | by Staff reporter
Stanbic named 2023 bank of the year by the banker
Harare, 12 December 2023 - Stanbic Bank has been selected 2023 Bank of the Year in Zimbabwe by world renown London-based magazine, The Banker, cementing its place as one of the country's leading finan...Published: 13 Dec 2023 at 09:24hrs | 629 | by Stephen Jakes
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 3754 | by Staff reporter
Mnangagwa tightens his grip on levers of Zimbabwe's Treasury
WITH his close business ally John Muyashavanhu now confirmed as the incoming Reserve Bank of Zimbabwe (RBZ) governor, George Guvamatanga as Finance permanent secretary — chief accounting officer of ...Published: 12 Dec 2023 at 17:58hrs | 502 | by Staff reporter
John Mushayavanhu: A strong candiate to lead the Reserve Bank of Zimbabwe
As Zimbabwe looks to appoint a new Governor for the Reserve Bank, the candidacy of John Mushayavanhu has gained significant attention and support from various quarters. With an impressive track record...Published: 10 Dec 2023 at 10:56hrs | 1055 | by Nkululeko Nkomo
CBZ in major strategic shake up
Pursuant to the strategic vision of creating one of the country's largest financial services groups, renowned banker, strategist and businessman Mr Luxon Zembe, has been appointed acting chairman of C...Published: 06 Dec 2023 at 05:02hrs | 492 | by Staff reporter
Mahere slams Tshabangu
Mount Pleasant MP, Fadzayi Mahere, has strongly criticized Sengezo Tshabangu, the self-imposed secretary general of CCC, for referring to the former Mayor of Masvingo, Shantiel Yeukai Chiwara, as "a l...Published: 03 Dec 2023 at 19:04hrs | 1637 | by Staff reporter
'Zimbabweans are already overtaxed'
AMERICAN financial literacy website, Investopedia defines 'wealth tax' as a tax based on the market value of assets owned by a taxpayer.A wealth tax is typically put on a 'high-net-worth' indi...Published: 03 Dec 2023 at 17:37hrs | 266 | by Staff reporter
Zimbabwe's an anti-poor budget
Finance, Economic Development and Investment Promotion minister Mthuli Ncube yesterday presented the ZWL$58,2 trillion 2024 national budget.According to the Treasury chief, the economy is proj...Published: 01 Dec 2023 at 04:55hrs | 263 | by Staff reporter
Businessman takes US$19,5m claim to Supreme Court
AL Shams Global BVI Ltd, a company owned by businessman Jayesh Shah, has filed an appeal at the Supreme Court seeking to reverse a High Court judgment which dismissed a US$19,5 million damages claim f...Published: 23 Nov 2023 at 05:37hrs | 186 | by Staff reporter
US sanctions embargo 21 Zimbabwe banks
Sanctions against Zimbabwe, initiated by the United States in 2001 through the Zimbabwe Democracy and Economic Recovery Act (ZDERA) and followed by the European Union in 2002, were prompted by allegat...Published: 30 Oct 2023 at 05:19hrs | 2573 | by Staff reporte
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 | 405 | by Senziwani Sikhosana
Motsoaledi's ministry targeting Zimbabwean/ African professionals for deportation
The Pretoria High Court issued an urgent interim interdict this week against the minister and Department of Home Affairs prohibiting them from deporting an investment banker working in South Africa. H...Published: 15 Sep 2023 at 21:37hrs | 5481 | by Ciaran Ryan
Zimbabwe Communist Party elections observer report for 2023 elections
OBSERVATIONS ON THE 2023 GENERAL ELECTIONGeneralFirstly, as Communists, we do not confuse democracy with voting.The word ‘democracy' is derived from Greek and means ‘rule by the pe...Published: 04 Sep 2023 at 06:34hrs | 950 | by Central Committee of the Zimbabwe Communist Party
South African media has failed to bring regime change in Zimbabwe
Over the past 22 years since sanctions were imposed on Zimbabwe, western governments have invested billions of dollars into South African white owned media, with the aim of discrediting Zanu-PF. ...Published: 29 Aug 2023 at 12:34hrs | 1331 | by Rutendo Matinyarare
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 36 | by Staff reporter
Ex-Zinara boss loses houses, cars
FORMER Zimbabwe National Road Administration (Zinara) chief executive Frank Chitukutuku and his wife Nyasha, have lost their two upmarket houses, a fleet of vehicles and shares in two businesses belie...Published: 26 Jul 2023 at 06:37hrs | 24 | by Staff reporter
Smelly Dube inducted into African Leaders Hall of Fame
Businesswoman and philanthropist Smelly Dube was last Thursday inducted into the African Leaders Hall of Fame at the African Business Summit in Accra, Ghana.Dube, who is the CEO of River Valle...Published: 23 Jul 2023 at 08:09hrs | | by Staff reporter
Zimdollar flips to best currency in the world?
The rebound, driven by new rules that require corporate taxes to be settled in the local currency, are seen easing inflation ahead of next month's general elections.In most countries, the curr...Published: 20 Jul 2023 at 17:27hrs | 38 | by Staff reporter
Consider paying Zimbabwe civil servants in gold coins'
Government has been urged to explore the feasibility of paying a portion of civil servants' salaries in gold-backed digital tokens and gold coins.The tokens have proven to be effective in mopp...Published: 12 Jul 2023 at 08:15hrs | 5 | by Staff reporter
Why Mnangagwa blocked Mthuli Ncube's export tax
PRESIDENT Emmerson Mnangagwa recently blocked Finance minister Mthuli Ncube's 10% tax on mining exports to pay arrears on the country's debt overhang - which makes it difficult for the government to b...Published: 02 Jul 2023 at 17:27hrs | 19 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 15 | by Martin Majaji
New city for 30 000 residents on the cards in Zimbabwe
GOVERNMENT has approved a plan for the development of a new town between Mvuma-Chivhu and Manhize in the Midlands province amid growing interest from industrialists, banks, and other service providers...Published: 19 Jun 2023 at 06:45hrs | 22 | by Staff reporter
RBZ clarifies new forex surrender policy
THE Reserve Bank of Zimbabwe (RBZ) is set to meet with the Bankers Association of Zimbabwe (BAZ) and Accountant General with a view to map the way forward on the use of foreign exchange from the 25 pe...Published: 02 Jun 2023 at 06:40hrs | 2 | by Staff reporter
South Africa on the edge! National renewal needed urgently
WITH various leaders and commentators having suggested that things have gone horribly wrong in South Africa since Cyril Ramaphosa became president more than five years ago, to such an extent that the ...Published: 24 May 2023 at 17:18hrs | 8 | by Thandisizwe Mgudlwa
Money changers hijack POS machines for big transactions
DECKED out in trendy designer wear, clutching energy drink cans and munching take-aways while engaging in high-pitched conversations, illegal money changers, popularly known as osiphatheleni who have ...Published: 22 May 2023 at 06:35hrs | 3 | by Staff reporter
Bank manager in house wrangle with widow
A TOP official from a commercial bank in Bulawayo is allegedly locked in a house ownership wrangle with a widow as he is refusing to vacate her property claiming that there is a verbal promise for rig...Published: 21 May 2023 at 08:08hrs | | by Staff reporter
Zimbabwe govt guns for maximum land utilisation
Government has put in place several maesures, such as penalising multiple land owners and re-allocation, to ensure that every piece of agricultural land is fully utilised, NewsDay Farming reported....Published: 20 Apr 2023 at 07:33hrs | 1 | by Staff reporter
The Coming BRICS Summit: The ending of US worldwide domination
The Coming BRICS Summit: The ending of US worldwide dominationAn African PerspectivePart 1South Africa will host the 15th BRICS Summit from 22nd-24th August 2023, with the theme;...Published: 13 Apr 2023 at 18:50hrs | 6 | by Ian Beddowes
Businessman demands US$4 million from former partner
TOP banker and marketing specialist, Mr Douglas Mamvura, is demanding payment of US$4 million from his former business partner Mr George Manyere, over a deal involving the sale of shares of an investm...Published: 11 Apr 2023 at 14:30hrs | 69 | by Staff Reporter
Mthuli Ncube spends big in Parly seat bid
FINANCE minister Mthuli Ncube is spending big in Bulawayo's Cowdray Park constituency where he will be seeking votes to become a Member of Parliament in the forthcoming elections.Ncube is loos...Published: 09 Apr 2023 at 11:32hrs | | by Staff reporter
Zimbabwean appointed managing director at Uganda's DFCU Bank
Development Finance Company of Uganda Bank Limited (DFCU) Bank has appointed Mr Charles M Mudiwa, a Zimbabwean national, as the new managing director, almost three months after Mr Mathias Katamba resi...Published: 09 Apr 2023 at 08:07hrs | 5 | by Staff reporter
Almost One years and four months on, NO update on Douglas Munatsi's Death
It is now one year and four months since the mysterious death of Douglas (Doug) Tawanda Munatsi and the nation is yet to be updated on the circumstances of the death of the former Chief Executive of o...Published: 02 Apr 2023 at 11:21hrs | 256 | by Engineer Jacob Kudzayi Mutisi
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | 2 | by Staff reporter
Al Jazeera documentary on Zimbabwe's gold mafia won't change anything
THE whole hullabaloo about illicit gold is plain codswallop and balderdash.The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearl...Published: 28 Mar 2023 at 06:51hrs | 1 | by Chris Mutsvangwa
The whole gold hullabaloo about Zimbabwe illicit gold is plain codswallop and balderdash
The whole gold hullabaloo about illicit gold is plain codswallop and balderdash. The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearly ...Published: 26 Mar 2023 at 20:33hrs | 151 | by Ambassador Christopher Mutsvangwa
Mugabe never accounted billions to build Blue Roof, talents he received and wasted; instead blamed British for everything
Let me say from the on-set that white colonial exploitation of Africa has a lot to answer for why the continent is in the economic and political mess it is today. But this is not say the whites are so...Published: 16 Mar 2023 at 14:11hrs | 1 | by Wilbert Mukori
Obama of Zimbabwean politics will capitalise on voter apathy
LEADER of Democratic Union of Zimbabwe (DUZ), Robert Howard Chapman, is a fascinating man. Sharp and erudite, he has brought an interesting perspective to Zimbabwean politics.He has taken out ...Published: 09 Mar 2023 at 05:23hrs | | by Nevanji Madanhire
Mnangagwa's name mired in underworld gold activities
FROM the Macmillan family and their gold-smuggling activities to the Kwekwe underworld mining adventures and Henrietta Rushwaya's sensational arrest three years ago, President Emmerson Mnangagwa's nam...Published: 05 Mar 2023 at 14:00hrs | 21 | by Staff reporter
'Mambondiani was forced to resign'
Former BancABC Zimbabwe managing director Lance Mambondiani is said to have violated policies relating to procurement of vendors where prices are said to have been inflated, Business Times reported....Published: 04 Mar 2023 at 10:24hrs | 63 | by Staff reporter
Chanakira to address diaspora community
RENOWNED Zimbabwean banker and leadership development facilitator, Nigel Chanakira, will this week address Zimbabweans living in the diaspora during a training session aimed at imparting entrepreneuri...Published: 26 Feb 2023 at 09:52hrs | | by Staff reporter
Zimbabwe to become Africa's Dubai
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment....Published: 25 Feb 2023 at 08:54hrs | 15 | by Staff reporter
Lance Mambondiani steps down
VETERAN banker, Lance Mambondiani is to step down from his post as Managing Director at BancABC.He is now expected to leave within the next three months once a replacement has been found....Published: 24 Feb 2023 at 07:39hrs | 10 | by Staff reporter
Top US banker Holtzman appointed Victoria Falls Offshore Centre Chairperson
TOP US banker and ex-politician, Marc Holtzman has been appointed chairperson of the Victoria Falls Offshore Centre in a move market watchers believe will bolster global investors' confidence....Published: 15 Feb 2023 at 05:04hrs | 22 | by Staff reporter
Bloodbath at Dembare
AFTER all, it's not only former coach Tonderai Ndiraya and ex-executive chairman Isaiah Mupfurutsa who will pay the price for Dynamos' failures. The glamourous Castle Lager Premiership footbal...Published: 08 Feb 2023 at 05:01hrs | 9 | by Staff reporter
Load More Stories