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Wolves are at it again, destroying Zimbabwe's currency
Once again, officials at the Ministry of Finance and Economic Development, along with the honchos at the Reserve Bank of Zimbabwe (RBZ) find themselves on the back foot of powerful forces that are man...Published: 24 May 2020 at 22:03hrs | 2784 | by Andrew Lampard
Strong leadership in times of crisis
CT GSB alumnus Mehluli Mpofu was recently appointed as the Managing Director of Central Africa Building Society (CABS), a wholly-owned subsidiary of Old Mutual Zimbabwe. On the first day of his appoin...Published: 24 May 2020 at 22:01hrs | 873 | by Staff reporter
EcoCash saga: Arrest highway robbers, not Zinara officials
WHEN highway robbers become a menace, does it make sense for the authorities to solve the problem by arresting Zimbabwe National Roads Administration (Zinara) officials?This has become a burni...Published: 24 May 2020 at 08:38hrs | 1729 | by Brezh Malaba
EcoCash limits ridiculously low in comparison to similar markets
THE Reserve Bank of Zimbabwe (RBZ) has been on a war path against EcoCash, one of Africa's successful mobile money service. The battle has been tariffs, barring of EcoCash agents and some crazy pronou...Published: 23 May 2020 at 08:50hrs | 1380 | by Staff reporter
Social distancing fails as queues grow
MEMBERS of the public are abusing the eased lockdown regulations as they are not taking heed of calls for social distancing, putting themselves and other people at risk of Covid-19 infections. It was ...Published: 23 May 2020 at 08:33hrs | 509 | by Staff reporter
RBZ tightens screws on mobile money
The Reserve Bank of Zimbabwe (RBZ) introduced more measures yesterday affecting EcoCash agents as part of what is now seen as a policy to bring EcoCash agents into the formal banking system and ensure...Published: 23 May 2020 at 08:31hrs | 2265 | by Staff reporter
Mangudya likens money changers to coronavirus
RESERVE Bank of Zimbabwe governor John Mangudya (pictured) yesterday likened parallel market dealers to the coronavirus which is causing havoc to the economy. Appearing before the Parliamentar...Published: 21 May 2020 at 07:56hrs | 1320 | by Staff reporter
RBZ not printing more money, says Mthuli Ncube
FINANCE Minister Mthuli Ncube has said the printing of new $10 and $20 denominations does not translate to the Reserve Bank of Zimbabwe (RBZ) printing more money, but it was merely swapping RTGS balan...Published: 21 May 2020 at 07:12hrs | 2395 | by Staff reporter
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 20:51hrs | 2380 | by Victor Bhoroma
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 14:39hrs | 2941 | by Victor Bhoroma
Dabengwa's dreams of the future and frustrations
Dumiso Dabengwa, the late President of Zapu always had dreams for the future. Evidence is awash showing that his life was full of big future dreams for Zimbabwe as a whole.History tells that h...Published: 20 May 2020 at 09:07hrs | 999 | by Zapu Information And Publicity Department
Financial literacy: Why it matters the most
Imagine not ever having to worry about money or that bills being due ever again. It is most people's dream but one that few people ever achieve. Financial literacy is understanding money and being abl...Published: 17 May 2020 at 21:53hrs | 714 | by Nobuhle Zondo
Mahomva booted out over 'refusal to bend the rules'
CHIEF Covid-19 coordinator Agnes Mahomva's sudden removal from the Ministry of Health and Child Care after a short-lived tenure as permanent secretary was the culmination of fierce clashes with Health...Published: 15 May 2020 at 08:08hrs | 2183 | by Staff reporter
Settle your US$ debt in US$, say Zimbabwe court
THE High Court yesterday ruled that the monetary changes made by the Reserve Bank of Zimbabwe on October 1, 2018, including the conversion of the US dollar account balances into RTGS and the Finance m...Published: 15 May 2020 at 07:46hrs | 1224 | by Staff reporter
Mnangagwa's rescuer comes to the rescue of Zimbabweans stranded in SA
A ZIMBABWEAN businessman based in South Africa, Mr Justice Maphosa has offered to assist 400 stranded Zimbabweans in the neighbouring country who were struggling to raise bus fare to return home. ...Published: 14 May 2020 at 07:30hrs | 6281 | by Staff reporter
'Infrastructure investments would bolster the Zimbabwean economy'
LISTED financial institution, BancABC, has resolved to prioritise financing infrastructure development projects of national significance as this would boost economic growth. In its financial r...Published: 14 May 2020 at 07:27hrs | 205 | by Staff reporter
'Zimbabwe's financial system is risky: to money laundering' - worse, rotten to core to institutionalised corruption
"Zimbabwe is among 12 countries put under the spotlight by the European Union because it has deficiencies under its Anti-Money Laundering/ Combating the F...Published: 12 May 2020 at 18:16hrs | 2002 | by Nomusa Garikai
Ecocash a Ponzi scheme says RBZ
Ecocash, a subsidiary of ZSE-listed Cassava Smartech, is engaging in shadow banking and is a Ponzi scheme that is creating fictitious money and balances in the system, FinX reported.According ...Published: 08 May 2020 at 22:17hrs | 5091 | by Staff reporter
Mthuli Ncube sets new rules for mobile money services
MOBILE money and fund transmission service providers will not be allowed to review transaction charges without approval of the Reserve Bank Zimbabwe (RBZ). With the mobile money interoperability now i...Published: 08 May 2020 at 00:28hrs | 6375 | by Staff reporter
NUST student defrauds CIMAS
A MOBILE banking transaction alert message gave away a National University of Science and Technology (NUST) student who had allegedly stolen more than US$6 000 from Cimas Medical Aid Society which hol...Published: 07 May 2020 at 16:37hrs | 1300 | by Staff reporter
Bailout for stranded Nust students
NATIONAL University of Science and Technology (Nust) students who did not manage to travel to their homes outside Bulawayo when the national lockdown was announced on March 30 are now stranded and run...Published: 06 May 2020 at 07:42hrs | 1011 | by Staff reporter
Cybercrime cost to triple in South African due to Covid-19
The global pandemic of Covid-19 will continue to have a massive impact on cyberspace in South Africa, a cyber-crime analyst has said.Lerato Mpobane from The Association of Private Security Own...Published: 05 May 2020 at 18:03hrs | 1041 | by Busisani Ncube
Price controls, a clear path to market shortages
The Zimbabwean government passed a price moratorium (prize freeze) on the 22nd of April 2020. The moratorium compels retailers and producers to revert back to the prices that prevailed on the 25th of ...Published: 05 May 2020 at 08:09hrs | 886 | by Victor Bhoroma
Could There Be Any Hope for Education in Zimbabwe After Covid-19
The corona virus also known as covid-19 caused immediate stoppages of all activities of life as a whole hence formal education especially of children in schools and young people in tertiary institutio...Published: 04 May 2020 at 08:43hrs | 1165 | by Lovejean Ndlovu, Zapu Deputy Secretary For Education- NEC
Mnangagwa puts up $18 billion economic rescue package
Government has put up an $18 billion economic rescue package while extending the lockdown for a further 14 days though under relaxed conditions to allow the economy to start operating. Pr...Published: 01 May 2020 at 17:30hrs | 4120 | by Staff reporter
Stanbic joins the fight against COVID-19
Leading financial services institution, Stanbic Bank Zimbabwe, has put its shoulder on the wheel in the fight against Covid-19 by pledging an assortment of the much-needed equipment worth US$200 000....Published: 29 Apr 2020 at 17:05hrs | 932 | by Staff reporter
Zimra set to miss revenue targets
ZIMBABWE'S distressed industries are struggling to pay taxes, amid widespread company closures and retrenchments owing to the raging coronavirus pandemic that has rattled the global economy.Th...Published: 26 Apr 2020 at 12:34hrs | 176 | by Staff reporter
Economic decline, COVID-19 and the vulnerable labour
The International Labour Organization (ILO) has warned that the rapidly intensifying economic impact of COVID-19 could be far worse than the 2008-9 financial crisis and will result in job cuts of near...Published: 26 Apr 2020 at 08:25hrs | 346 | by Victor Bhoroma
Audit exposes massive scam at National Microbiology Reference Laboratory
AN explosive internal audit into the Ministry of Health and Child Care has lifted the lid on poor financial controls and gross corporate governance failures at the National Microbiology Reference Labo...Published: 24 Apr 2020 at 08:38hrs | 515 | by Staff reporter
Cash crisis hits Victoria Falls
VICTORIA Falls residents are failing to access their cash as financial institutions have either remained closed or have no cash at their disposal for withdrawals due to the Covid-19 induced lockdown. ...Published: 24 Apr 2020 at 07:47hrs | 644 | by Staff reporter
RBZ rescues financial institutions
THE Reserve Bank of Zimbabwe (RBZ) has come up with measures to minimise the adverse impact of the COVID-19 pandemic on banks and microfinance institutions (MFIs) through credit relief, loan restructu...Published: 23 Apr 2020 at 08:42hrs | 2007 | by Staff reporter
Bottlestore owners cry foul
Bottlestore owners in Bulawayo's Central Business District are crying foul after they were ordered by the police to close during the lockdown period while those in the western suburbs continue to oper...Published: 23 Apr 2020 at 07:48hrs | 697 | by Staff reporter
Unpacking the imf debt relief. debunking the narrative that Zimbabwe was snubbed
The International Monetary Fund (IMF) Executive Board has approved immediate debt relief for 25 Countries. This was announced in a statement that was issued on the 13th of April by Ms Kristalina Georg...Published: 22 Apr 2020 at 09:04hrs | 1172 | by Dr Masimba Mavaza
MDC Alliance Proposals for life and livelihoods during and after lockdown
As the People's party, the MDC Alliance strongly applauds the Zimbabwean people for their discipline and determination to fight adversity with a spirit of never say die.Indeed, it seems as if ...Published: 20 Apr 2020 at 12:56hrs | 1232 | by Sesel Zvidzai
Jesus is weeping!😢
Jesus is weeping when he looks at christian churches making no visible efforts to assist the less privileged, and the poor of the poorest in our nation during this covid-19 pandemic. You will vow that...Published: 20 Apr 2020 at 09:25hrs | 969 | by Pastor Eric Shikobela Mamelodi
RBZ completes validation of blocked funds
THE Reserve Bank of Zimbabwe (RBZ) has completed the validation process of foreign exchange applications submitted under the Blocked Funds Framework. The completion of the exercise relates to ...Published: 20 Apr 2020 at 08:01hrs | 1001 | by Staff reporter
Celebrating 40 Years. Which way Zimbabwe?
At 40, Zimbabwe should be celebrating a milestone-forty years of independence from our former colonial masters.18 April 1980 was indeed a milestone for Zimbabwe. Yet, we stand today on 18 April 20...Published: 18 Apr 2020 at 08:00hrs | 3577 | by Benjamin Paradza
Zimbabwe trio jailed for UK cheque fraud
Three Zimbabwean men have been jailed for between two and six years after they admitted their role in an elaborate "industrial scale" cheque fraud in the United Kingdom. Criminal mastermind Patson Mup...Published: 18 Apr 2020 at 07:50hrs | 637 | by Staff reporter
Is Obediah Moyo the black sheep of Zimbabwe amidst Covid-19?
Presidents have never been know- it-all executives posessing godly powers to rely upon in running governments.Instead, they have advisors- men and women whose prowess, expertise, foresight and...Published: 17 Apr 2020 at 20:42hrs | 2521 | by Josiah Mucharowana
Zimbabweans in SA begs to return home
Government has offered to assist more than 100 Zimbabweans in South Africa who now wish to return home as they are distressed and finding it difficult to make ends meet due to the national lockdown in...Published: 16 Apr 2020 at 07:19hrs | 1118 | by Staff reporter
Remittances offer families a lifeline
REMITTANCES from relatives abroad are proving to be a lifeline for local families as they are bringing food to the table in many homes during the lockdown aimed at stopping the spread of Covid-19. Fro...Published: 16 Apr 2020 at 07:15hrs | 300 | by Staff reporter
Open letter to President Ramaphosa - Voice of the voiceless
Dear Mr PresidentI humbly greet you SirSouth Africa is one of the most blessed and beautiful countries in Africa, however at this time whilst we are facing this giant called covid-19 t...Published: 16 Apr 2020 at 07:00hrs | 439 | by Eric Shikobela
After Covid-19, the MDC and Zanu-PF must unite to end US, EU sanctions on Zimbabwe
On January 13, 2002 MDC founding leader Morgan Tsvangirai made a fatal tactical error by calling on South Africa to impose sanctions on Zimbabwe, ostensibly to penalise a violent, repressive Zanu-PF p...Published: 14 Apr 2020 at 22:39hrs | 1690 | by Tafi Mhaka
Mnangagwa to bring distressed Zimbabwean citizens home
Zimbabweans in South Africa who may be in distress from the lockdown will soon be allowed to come back home, the country's Ambassador to South Africa David Hamadziripi has said. In an intervie...Published: 14 Apr 2020 at 07:11hrs | 1398 | by Staff reporter
Police warn illegal forex dealers
POLICE yesterday warned illegal foreign currency dealers who are breaking the lockdown rules.This comes as illegal foreign currency dealers have gone into hiding and they are operating in unde...Published: 13 Apr 2020 at 20:01hrs | 2617 | by Staff reporter
Zimbabwe based NGOs call for reopening of banks
The National Association of Non-Governmental Organisations (Nango) has expressed concern over the closure of banks as part of the 21-day lockdown to control the spread of the coronavirus, saying it wi...Published: 12 Apr 2020 at 09:01hrs | 187 | by Staff reporter
COVID-19 to stoke Zimbabwe inflation to 1 000%
PERSISTENCE of the Covid-19 pandemic is expected to drive up Zimbabwe's year-on-year inflation to as high as 1 000%, while the country's currency is expected to depreciate to ZW$100:US$1 on the parall...Published: 10 Apr 2020 at 08:37hrs | 398 | by Staff reporter
Remittance queues back
Remittance beneficiaries are back in their long queues after Government allowed citizens to access their monies from the diaspora in the second week of the lockdown.Most remittance facilities ...Published: 09 Apr 2020 at 08:41hrs | 950 | by Staff reporter
Shocked by Prophet Bushiri asking followers for money during lockdown
Banking details of the church are seen appearing on the video, as Bushiri implores his followers to give their offerings."I want you to put your offering in the church account. Put your seed, ...Published: 08 Apr 2020 at 13:37hrs | 6443 | by Staff reporter
SIM swap fraudster hits malayitshas, gets access to Mgcini Dlamini's phone number
Technology has negated tasks like queuing at a bank or at a licensing department, but there are also inherent security threats associated with it. As the lockdown hit, fraud incidents looks li...Published: 07 Apr 2020 at 16:58hrs | 1491 | by Staff reporter
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