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Gloomy festive season for Zimbabweans
The National Consumer Rights Association (Nacora) and the Zimbabwe Congress of Trade Unions (ZCTU) have predicted a gloomy festive season for ordinary citizens. They have also blamed the government fo...Published: 19 Nov 2019 at 20:38hrs | 787 | by Staff reporter
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: 18 Nov 2019 at 09:03hrs | 892 | by Staff Writer
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 | 1109 | by Victor Bhoroma
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 | 468 | 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 | 2780 | by Staff reporter
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 | 1589 | by Leonard Koni
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 | 182 | 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 | 278 | 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 $44 180 respectively from the t...Published: 15 Nov 2019 at 06:14hrs | 562 | by Staff reporter
New notes, coins hit Bulawayo
EXCITED depositors yesterday flocked to their banking halls in Bulawayo to withdraw new notes and coins following the cash injection on Monday into the formal system by the Reserve Bank of Zimbabwe (R...Published: 14 Nov 2019 at 05:33hrs | 2208 | by Staff reporter
Once cash economy is taxed, who needs cash
There never was any possibility of keeping the bulk of the new notes and coins out of the informal sector, or at least the bulk of the first batches released to banks, since the main reason why most p...Published: 14 Nov 2019 at 05:28hrs | 532 | by Staff reporter
Tendai Biti sent cracking?
Revered economic analyst, Brighton Musonza, has said the return of the Zimbabwean dollar (ZWL$) has sent economic arrivalists such as Tendai Biti cracking with no technical argument against it....Published: 13 Nov 2019 at 20:39hrs | 13229 | by Staff reporter
Huge demand for cash
Depositors, who formed long queues at banks and building societies, were withdrawing new coins and notes yesterday after the Reserve Bank of Zimbabwe (RBZ) released the first $30 million on Monday, bu...Published: 13 Nov 2019 at 06:25hrs | 746 | by Staff reporter
Zimbabweans angered by $300 bank withdrawal limits
Zimbabweans finally got access to new low-denomination currency on Tuesday that authorities hope will end chronic cash shortages, but banks maintained an existing weekly withdrawal limit of $300 (US$2...Published: 12 Nov 2019 at 18:08hrs | 4006 | by Staff reporter
Zimbabwe banks begin disbursing new notes
Depositors in Harare have started accessing new notes as promised by the Reserve Bank of Zimbabwe Governor, Dr. John Mangudya.A snap survey in Harare's Central business district revealed that ...Published: 12 Nov 2019 at 17:50hrs | 1103 | by Staff reporter
Foreigners tussle in nasty turf wars
CONFEDERATION of Zimbabwe Retailers (CZR) president, Denford Mutashu says fights for business control among foreign companies in Zimbabwe was affecting investment prospects in the retail sector....Published: 12 Nov 2019 at 07:27hrs | 814 | by Staff reporter
Zinara fatcats in tollgates scam
A FRESH storm has hit the Zimbabwe National Road Administration (Zinara) after the parastatal proposed to award a million-dollar deal to its perennial contractor Univern, a deal seen as a corrupt way ...Published: 12 Nov 2019 at 07:23hrs | 866 | by Staff reporter
Card cloning gang hits PPC Zimbabwe
FOUR men ganged up and defrauded Pretoria Portland Cement (PPC) Zimbabwe of more than US$26 500 after cloning the company's ATM card and using it to conduct illegal Point of Sale (POS) transactions at...Published: 12 Nov 2019 at 07:11hrs | 566 | by Staff reporter
New notes and coins out today
Commercial banks collected $30 million of new notes and coins yesterday from the Reserve Bank of Zimbabwe and account holders should be able to start accessing their $300 weekly cash withdrawal ration...Published: 12 Nov 2019 at 07:10hrs | 312 | by Staff reporter
Cash withdrawals begin today
Commercial banks were collecting $30 million new notes and coins yesterday from the Reserve Bank of Zimbabwe (RBZ) and account holders should be able to start accessing their $300 weekly cash withdraw...Published: 12 Nov 2019 at 07:05hrs | 585 | by Staff reporter
Depositors fail to get new bank notes
LONG queues resurfaced at banks in Bulawayo on Monday morning as depositors hoped to withdraw the new Zimbabwean dollar notes as promised by the Reserve Bank of Zimbabwe.A snap survey conducte...Published: 11 Nov 2019 at 14:24hrs | 1832 | by Staff reporter
'Inflation is because TSP failed to factor in drought' - yeah right, sell-out whitewashing Zanu PF tomb
Zimbabwe is well and truly stuck in this hell-on-earth mess! What makes our situation so, so frustrating about it is this is a man-made mess. For the last 39 years and counting the ruling party, Zanu ...Published: 11 Nov 2019 at 09:06hrs | 2841 | by Wilbert Mukori
Inflation out of control: Guvamatanga
Finance ministry permanent secretary George Guvamatanga has revealed that the government is not considering removing the 2% tax on mobile transactions despite criticism that it is fuelling inflation....Published: 10 Nov 2019 at 08:46hrs | 902 | by Staff reporter
Bosso banks on army of supporters
HIGHLANDERS players troop into Barbourfields Stadium this afternoon knowing they would be 90 minutes away from making history by taking the club into the Chibuku Super Cup finals for the first time si...Published: 10 Nov 2019 at 08:29hrs | 179 | by Staff reporter
Government should introduce higher-value denominations
THE Reserve Bank of Zimbabwe (RBZ) should consider introducing higher value denominations than the current ZW$5 in order to reduce seigniorage losses, businessdigest has learnt.This comes afte...Published: 08 Nov 2019 at 05:13hrs | 747 | by Staff reporter
Stanbic unveils low-cost BluEase account
STANBIC Bank has launched a low-cost transactional account to benefit low-income earners, who include university students, informal and sole traders.The financial institution said the initiati...Published: 07 Nov 2019 at 05:52hrs | 1089 | by Staff reporter
Zimbabwe workers face bleak festive season
ZIMBABWE'S labour market is in intensive care, with workers facing a bleak festive season owing to poor or no salaries against galloping inflation that has catapulted prices through the roof.I...Published: 05 Nov 2019 at 06:52hrs | 825 | by Staff reporter
CBZ mentors young entrepreneurs
CBZ Holdings Limited last week held a two-day young entrepreneurs mentoring programme to capacitate youths with skills to sustain and grow globally competitive businesses.Speaking at the fourt...Published: 04 Nov 2019 at 05:58hrs | 210 | by Staff reporter
Doubts over Mnangagwa's platinum-led mining boom
The government is banking on a platinum-mining boom to help revive its collapsing economy.The world's biggest platinum companies say it isn't going to happen.Since Emmerson Mnangagwa t...Published: 03 Nov 2019 at 06:47hrs | 313 | by Staff reporter
'We're going to improve lives of our people,' says Mthuli Ncube
Zimbabweans are bearing the brunt of soaring prices of basic commodities and cash shortages. They are also worried about the continued loss of value of the Zimbabwe dollar. To date, Government's auste...Published: 03 Nov 2019 at 06:35hrs | 638 | by Staff reporter
Economic governance framework at the core of Zimbabwe's macro-economic problems
It is now a time-tested fact that the long-term macroeconomic and development outcomes of any society are not narrowly defined by simple answers to simple questions like which individual is presiding ...Published: 01 Nov 2019 at 21:54hrs | 496 | by Dr Nathan Matemera
Mnangagwa's govt scrambles to save US$1bn Chinese deals
GOVERNMENT officials were this week nervously scrambling to salvage three big Chinese-funded infrastructural projects totalling US$1,324 billion, which are on the verge of collapse after US$10 million...Published: 01 Nov 2019 at 06:44hrs | 799 | by Staff reporter
Armed robbers bag US$36 000 in home raid
SEVEN masked armed robbers pounced on a family in Bulawayo's Morningside suburb and beat them up before getting away with US$39 000 and R118 000 using their victims' car. The robbers who were ...Published: 01 Nov 2019 at 06:29hrs | 613 | by Staff reporter
Economic governance framework at the core of Zimbabwe's macro-economic problems
It is now a time-tested fact that the long-term macroeconomic and development outcomes of any society are not narrowly defined by simple answers to simple questions like which individual is presiding ...Published: 31 Oct 2019 at 13:03hrs | 510 | by Dr Nathan Matemera
Zimbabwe eyes platinum-led revival
Zimbabwe's government is banking on a platinum-mining boom to help revive its collapsing economy. The world's biggest platinum companies say it isn't going to happen.Since Emmerson Mnangagwa t...Published: 31 Oct 2019 at 07:40hrs | 1038 | by Bloomberg
Mobile money brings hyperinflation back
Hyperinflation is making an unwanted return to Zimbabwe. We don't know how bad it is because the government has suspended publishing official figures until 2020. But an IMF mission to the country in A...Published: 30 Oct 2019 at 07:47hrs | 1748 | by Staff reporter
Mangudya speaks on frozen accounts
Zimbabwe can expect a more stable exchange rate and prices going forward after the Reserve Bank of Zimbabwe (RBZ) froze bank accounts holding idle funds that were being used to speculate on currency. ...Published: 30 Oct 2019 at 05:50hrs | 2307 | by Staff reporter
More cash barons' bank accounts frozen
THE Reserve Bank of Zimbabwe (RBZ) has said it has frozen idle funds in bank accounts that were being used to hurt the domestic currency and driving price increases and exerting pressure on inflation....Published: 29 Oct 2019 at 17:14hrs | 3829 | by Staff reporter
Zesa vending system crashes
THE Zimbabwe Transmission Distribution Company (ZETDC) has directed consumers to revert to physical banking halls to purchase electricity tokens following technical glitches which have crippled its pr...Published: 29 Oct 2019 at 06:45hrs | 3300 | by Staff reporter
SMEs get US$136 million boost
THE Ministry of Women Affairs Community, Small and Medium Enterprises Development has revealed that micro, small and medium enterprises (MSMEs) received loans and grants amounting to US$136 million fr...Published: 28 Oct 2019 at 06:44hrs | 285 | by Staff reporter
Sanctions derail Zimbabwe's economic growth agenda
IT'S almost two decades now Zimbabwe has been alienated from the global financial systems due to sanctions imposed by western countries protesting the land reform programme implemented by the Governme...Published: 27 Oct 2019 at 09:50hrs | 203 | by Staff reporter
33 arrested over missing receipt books at RG's Office
At least 33 officers were arrested this week over missing receipt-books and embezzlement of thousands of dollars at the Registrar-General's Office in Harare. Receipt-books went missing with th...Published: 23 Oct 2019 at 05:52hrs | 628 | by Staff rpeorter
ZRP slams 'politically inspired' attacks
The Zimbabwe Republic Police (ZRP) has expressed concern over the increase in cases in which its officers continue to be attacked in some areas in and around the CBD by suspected MDC-Alliance youths. ...Published: 22 Oct 2019 at 07:11hrs | 405 | by Staff reporter
Mnangagwa buys massive beachfront villa in Dubai?
BERLIN - Spendthrift President Emmerson Mnangagwa, has reportedly bought an exquisite massive beachfront villa in Dubai, where he intends to retire or alternatively use the opulent property as an exil...Published: 21 Oct 2019 at 10:22hrs | 44981 | by Itai Mushekwe
BancABC funds 2019/20 agriculture season
Banc ABC says it has set aside funds to benefit farmers in the 2019/20 farming season.This comes after the 2018/19 farming season was greatly affected by poor rainfall, resulting in a serious drought....Published: 21 Oct 2019 at 07:43hrs | 539 | by Staff reporter
Mthuli Ncube cut his nose to spite his face
ZIMBABWE businesses, grappling with the realities of hyperinflation and exchange rate induced losses, have pressed the panic button over worsening macro-economic conditions in the country, with severa...Published: 18 Oct 2019 at 18:26hrs | 2378 | by Phillimon Mhlanga
'Banks should focus on savings deposits'
RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors o...Published: 18 Oct 2019 at 15:05hrs | 458 | by Staff reporter
Banking Survey places NMB among country's top three banks
NMB Bank's top level performance was acknowledged in this year's Zimbabwe Independent Banks and Banking Survey, where it was second runner-up for the Overall Bank of the Year award.The results...Published: 18 Oct 2019 at 13:06hrs | 1845 | by Agencies
Zimbabwe-dollarisation impacts on the banking sector
COUNTRIES forced into dollarisation usually find it impossible to de-dollarise and Zimbabwe's mid-year efforts to do so adds another country to the long list of those that tried and failed.Gov...Published: 18 Oct 2019 at 05:29hrs | 228 | by Tony Hawkins
Ecobank Zimbabwe wins top bank award
PAN-AFRICAN financial institution Ecobank Zimbabwe Limited came tops at the prestigious Zimbabwe Independent Banks and Banking Survey that was held at a colourful ceremony in the in the capital yester...Published: 18 Oct 2019 at 05:26hrs | 188 | by Staff reporter
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