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'Zimbabwe's new land laws biggest heist'
Former Cabinet minister Walter Mzembi has raised concerns over a possible land grab by Zimbabwe's elite following the government's announcement of a new model that allows for land acquired under the l...Published: 49 mins ago | 72 | by Staff reporter
Bulawayo to cut water supplies to just 36 hours per week for residents
The City of Bulawayo is set to introduce a more drastic water conservation regime which will see water coming out of the taps for just 36 hours in a week, or one-and-a-half days.The second cit...Published: 07 Oct 2024 at 17:04hrs | 2147 | by Staff reporter
Chitungwiza in door-to-door drive to recover ZiG160m
The Chitungwiza Municipality has initiated a door-to-door exercise aimed at recovering approximately ZW$160 million owed by ratepayers. The program commenced on October 3 and will run until October 17...Published: 07 Oct 2024 at 08:04hrs | 2335 | by Staff reporter
Mukwasha Chiwenga in Math-South improvements. Is development holistic?
Whatever development VP Chiwenga is bringing in Matabeleland South, that should never be interpreted as "Mukwasha inzunza". School children especially benefit from good and safe schools, health care f...Published: 04 Oct 2024 at 12:27hrs | 2032 | by Nomazulu Thata
Cyber crimes under-reported
Despite tireless efforts made by local, regional and global state and non-state actors to curb cybercrimes, statistics continues to spike because victims shun reporting these cases and therefore suffe...Published: 04 Oct 2024 at 12:14hrs | 114 | by Gideon Madzikatidze
BAZ, central bank meet over policy interventions
The Bankers Association of Zimbabwe (BAZ) held a crucial meeting with the Reserve Bank of Zimbabwe (RBZ) governor, Dr. John Mushayavanhu, on Monday to address key policy changes from the Monetary Poli...Published: 03 Oct 2024 at 08:44hrs | 51 | by Staff reporter
7 big global companies dump South Africa
Many large global companies, including Shell, HSBC, PNB Paribas, Rolex, AngloGold Ashanti, TotalEnergies, and BP's Aviation Fuel Business, are dumping South Africa.Last week, HSBC announced th...Published: 02 Oct 2024 at 12:35hrs | 1174 | by Staff reporter
78-year-old woman sexually abused and murdered in Zimbabwe
Police have appealed for information that could assist in the arrest of suspects after a 78-year-old woman was found dead in Chegutu with signs of sexual abuse on her body.In a statement, poli...Published: 29 Sep 2024 at 13:57hrs | 806 | by Staff reporter
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44519 | by Staff reporter
Affordable apartment options in Dubai for Zimbabwean Investors
The Dubai real estate market offers a great chance for Zimbabwean investors looking for reasonably priced apartment choices since it continues to grow and thrive. The most recent figures from Bayut's ...Published: 28 Sep 2024 at 20:02hrs | 411 | by Staff Reporter
Cracking the code on forex trading: How does it really work?
Engaging in forex trading presents an opportunity for South Africans to participate in the international financial scene and potentially make profits by leveraging currency fluctuations. There is grow...Published: 27 Sep 2024 at 23:12hrs | 502 | by Staff Reporter
Mnangagwa's govt paying lip service to ZWG
In a critical assessment of Zimbabwe Gold (ZWG), industry experts predict that the future post-mortem will reveal the government's own policies as the primary culprit behind the currency's struggles. ...Published: 20 Sep 2024 at 08:02hrs | 459 | by Staff reporter
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 14 Sep 2024 at 16:13hrs | 898 | by Staff reporter
SA Rand ignores Pravin Gordhan death
The South African rand has shown steady performance in the wake of the passing of former Finance Minister Pravin Gordhan, a key figure in the country's economic landscape. Gordhan, who served multiple...Published: 13 Sep 2024 at 16:21hrs | 1280 | by Staff reporter
US$ shortages on official market crippling ZiG acceptability
The Confederation of Zimbabwe Industries (CZI) warns that the ongoing US$ shortages on the official market could further undermine the ZiG currency, amid increasing calls for comprehensive reforms to ...Published: 12 Sep 2024 at 08:07hrs | 1875 | by Staff reporter
BCC consider 2 000-metre drilling rigs to exploit aquifer under the city
Bulawayo is exploring the use of deep drilling rigs to access water from aquifers beneath the city as a solution to its ongoing water shortages. Despite being situated atop a significant aquifer, the ...Published: 08 Sep 2024 at 10:06hrs | 965 | by Gary Gerald Mtombeni
Zimbabwe banks reduce lending as crisis persists
Zimbabwe's banking sector is facing significant challenges that have limited its ability to lend, according to the Bankers Association of Zimbabwe (BAZ). Key issues include the absence of a le...Published: 06 Sep 2024 at 14:41hrs | 198 | by Staff reporter
South Africa GDP growth is an 'illusion' benefiting the few
The Economic Freedom Fighters (EFF) have dismissed the recent GDP growth figures released by Statistics South Africa (Stats SA) as "misleading", accusing the government and financial institutions of c...Published: 05 Sep 2024 at 09:17hrs | 184 | by Staff reporter
Zimbabwe Central Bank issues revised forex market guidelines
The Reserve Bank of Zimbabwe (RBZ), through its Exchange Control department, has issued updated guidelines and compliance parameters for the interbank foreign exchange market, emphasizing the limitati...Published: 04 Sep 2024 at 07:46hrs | 126 | by Staff reporter
Is Zimbabwe headed for another coup?
This season we are living in, it's not a time for a hairdo. People are perching on the edge of the cliff. There is a loud whisper drifting around, almost like a wish among many. These chaps wi...Published: 01 Sep 2024 at 10:25hrs | 2410 | by Tawanda Majoni
RBZ exempts transactions less than US$10 from bank charges
Starting from 1 September 2024, the Reserve Bank of Zimbabwe (RBZ) will exempt electronic transactions under US$10 (or the ZiG equivalent) from bank charges. This move aims to encourage the use of ele...Published: 31 Aug 2024 at 11:13hrs | 130 | by Staff reporter
Rand manipulators must be held accountable by Parliament
African Transformation Movement (ATM) leader Vuyo Zungula has called for those responsible for the rand manipulation to face the wrath of the law.It is alleged that more than 28 banks conspire...Published: 28 Aug 2024 at 14:33hrs | 515 | by Staff reporter
Miss South Africa Contestant Faces Identity Theft Allegations and Online Abuse
A major scandal has erupted in South Africa after Miss South Africa contestant Chidimma Adetshina withdrew from the competition amid allegations of identity theft involving her mother. The ...Published: 21 Aug 2024 at 16:51hrs | 897 | by Staff Reporter
Zimbabwe bans amakorokoza
The Zimbabwean government has immediately banned all riverbed and alluvial mining activities due to the severe environmental damage they cause. This decision was announced by Information M...Published: 20 Aug 2024 at 16:50hrs | 15342 | by Prof Stephen Rupange
US$1m stolen from Namibian bank was paid to Mugabe's pilot
A total of N$18,8 million (US$1m) stolen from SME Bank was transferred to and laundered by former Zimbabwean president Robert Mugabe's pilot and confidant Robert Mhlanga.This is according to c...Published: 20 Aug 2024 at 16:18hrs | 8404 | by Staff reporter
Zimbabwe banks on notice over excessive fees
Banks need to reduce excessive charges to improve financial inclusion, according to Finance, Economic Development, and Investment Promotion Deputy Minister David Mnangagwa. Speaking at the 202...Published: 22 Jul 2024 at 07:48hrs | 667 | by Staff reporter
Zimbabwe diaspora remittances up 17%
In the first quarter of the year, diaspora remittances to Zimbabwe surged by 17%, reaching US$490 million compared to US$420 million during the same period in 2023. This increase in remittances is see...Published: 18 Jul 2024 at 06:41hrs | 159 | by Staff reporter
Fintechs fly planes of cash into Zimbabwe
At least once a month - and sometimes as often as three times a week - a private plane lands in a secure part of Robert Gabriel Mugabe International Airport on the outskirts of the Zimbabwean capital,...Published: 17 Jul 2024 at 17:11hrs | 6711 | by Staff reporter
Zimbabwean brags about soft life in SA prison
A Zimbabwean identified as Bornface Banks, detained in a South African jail on allegations of kidnapping, sparked controversy by boasting in a viral video about the favorable conditions in prison....Published: 16 Jul 2024 at 16:38hrs | 1169 | by Staff reporter
Zimbabwe's lithium gambit: Navigating China-US rivalry
Lithium is Zimbabwe's third-largest mineral export after gold and platinum group of metals, bringing in US$2,46 billion and US$2,27 billion, respectively, in 2023.AS the world is going through...Published: 15 Jul 2024 at 08:17hrs | 236 | by Samir Bhattacharya
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 55 | by Staff writer
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 10 Jul 2024 at 16:49hrs | 6 | by Rutendo Bereza Matinyarare
SA police on hunting for Zimbabwean murder suspect
POLICE in South Africa have launched an "intensive hunt" for a Zimbabwean suspect linked to a series of violent crimes including murder, attempted murder, armed robberies, house robberies, business ro...Published: 10 Jul 2024 at 15:19hrs | 16 | by Staff reporter
Zimbabwe banks on civil servants in tourism push
The Zimbabwean government is proposing a scheme where civil servants would contribute monthly towards end-of-year holidays to boost domestic tourism, despite widespread poverty among workers. ...Published: 09 Jul 2024 at 05:59hrs | 239 | by Staff reporter
Village head mobilises against cops
Last week, police in Gokwe had to fire warning shots to disperse a crowd mobilized by a traditional leader trying to prevent the arrest of his wife and two other syndicate members illegally cultivatin...Published: 09 Jul 2024 at 05:50hrs | 14 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 75 | by Staff reporter
Zimbabwe economy could hamper Mnangagwa's Brics ambition
President Emmerson Mnangagwa has announced Zimbabwe's readiness to join the BRICS grouping, claiming the country now has a stable currency and solid economic fundamentals. BRICS, comprising Brazil, Ru...Published: 02 Jul 2024 at 12:49hrs | 9 | by Staff reporter
Mnangagwa confirms structure to 'drip feed' ZWG into economy
Deputy Minister of Finance, Economic Development, and Investment Promotion, David Mnangagwa, acknowledged that the introduction of the Zimbabwe Gold (ZWG) currency in April has been characterized by a...Published: 01 Jul 2024 at 13:34hrs | 9 | by Staff reporter
Mushayavanhu discards ZiG banknotes with Mangudya's signature
The Reserve Bank of Zimbabwe (RBZ), under new governor John Mushayavanhu, destroyed millions' worth of Zimbabwe Gold (ZiG) banknotes that had been printed with the signature of his predecessor, John M...Published: 01 Jul 2024 at 10:29hrs | 10 | by Staff reporter
Zimbabwe banks downplay ZWG shortages
Zimbabwe's banking sector has sought to downplay reports of severe liquidity shortages following the introduction of the new Zimbabwe Gold (ZWG) currency by the Reserve Bank of Zimbabwe (RBZ) on April...Published: 30 Jun 2024 at 18:32hrs | | by Staff reporter
Zimbabwe's banks not ready for cryptocurrency
At the inaugural Capital Markets Conference in Nyanga, it was disclosed that Zimbabwean banks are not yet prepared to fully integrate cryptocurrency trading, despite ongoing efforts by regulators to d...Published: 23 Jun 2024 at 10:40hrs | 29 | by Staff reporter
Zimbabwe central bank dragged to court over forex
Linda Tsungirirai Masarira has filed an urgent High Court application against the Reserve Bank of Zimbabwe (RBZ), alleging that ordinary citizens are being unfairly constrained in accessing foreign cu...Published: 21 Jun 2024 at 11:30hrs | 8 | by Staff reporter
Zimbabwe goes after social media foreign currency dealers
The Financial Intelligence Unit (FIU) says it has been monitoring social media platforms where foreign currency dealers have been advertising and promoting their illegal trade.The FIU claims t...Published: 20 Jun 2024 at 14:34hrs | 8 | by Staff reporter
Bulawayo City Council condemns 161 CBD buildings
A recent report from the Bulawayo City Council (BCC) has highlighted the dire condition of numerous buildings, with 161 structures identified as dilapidated and condemned. Most of these buildings were...Published: 19 Jun 2024 at 07:41hrs | 1 | by Staff reporter
RBZ, kombi operators meet over change
The Reserve Bank of Zimbabwe (RBZ) has reported that despite releasing ZiG55 million in small notes and coins since April, the domestic market continues to experience a shortage of change. ...Published: 11 Jun 2024 at 05:45hrs | | by Staff reporter
Zimbabwe CIO's business network
Zimbabwe's Central Intelligence Organisation (CIO) likely has a secret stream of money, The Sentry has found. Publicly availa...Published: 10 Jun 2024 at 17:53hrs | 32 | by Staff reporter
'Ideologically bankrupt' Ramaphosa's ANC in a governance tailspin
To suggest that the 2024 electoral outcome has fundamentally altered how parties relate to one another post-election would be an understatement.Never has the party with a majority of votes fou...Published: 10 Jun 2024 at 13:56hrs | 2 | by Sipho Seepe
Zimbabwe miner expects to triple gold output
Caledonia Mining plans to triple its gold output by developing Bilboes, the gold asset it acquired last year, using a single-phase development strategy. The company initially considered a phased appro...Published: 05 Jun 2024 at 14:15hrs | 6 | by Staff reporter
Only 30% of Zimbabwe Gold (ZiG) released to the market
The Reserve Bank of Zimbabwe (RBZ) has disbursed ZiG46 million in notes and coins to banks, but only 30% has been released to the market due to a cash crisis. Introduced on April 5 to replace ...Published: 05 Jun 2024 at 07:22hrs | 57 | by Staff reporter
Zuma gets revenge by humbling Ramaphosa's ANC
In a turbulent political journey spanning over six decades, Jacob Zuma has weathered charges of rape and contempt, facing dismissal from both the positions of deputy president and president of South A...Published: 03 Jun 2024 at 09:57hrs | 1 | by Staff reporter
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