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$20 Zimdollar notes rejected by traders
Public transport operators and traders must accept $20 notes as they are legal tender and failure to accept legal tender in transactions is outside the law, the Finance Ministry warned yesterday....Published: 10 Mar 2023 at 05:19hrs | 491 | by Staff reporter
Judge dismisses depositor's US$179,000 debt claim from CABS
A local pensioner, Duncan Hugh Cocksedge, is counting his losses after his US$179,000 bank balance which was being held in a CABS account was wiped out after being wholly converted to local currency t...Published: 28 Feb 2023 at 19:53hrs | 2573 | by Staff reporter
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | 229 | by Victor Bhoroma
'Diaspora bond can only worsen Zimbabwe's situation'
ANALYSTS have described Finance minister Mthuli Ncube's latest attempt to secure investment from Zimbabweans living in the diaspora through a diaspora bond as "day dreaming".Addressing diaspor...Published: 03 Oct 2022 at 06:13hrs | 556 | by Staff reporter
Zacc fails to account for expenses
The Zimbabwe Anti-Corruption Commission (Zacc), has failed to produce supporting documents to validate its expenditure in the previous year to auditor-general, Mildred Chiri, a situation that may have...Published: 25 Sep 2022 at 16:46hrs | 202 | by Staff reporter
'Zimbabwe poll fees too costly'
THE cost of contesting elections in Zimbabwe is now the highest in Africa, a data analysis of the new candidate nomination fees set by the Zimbabwe Electoral Commission (Zec) has shown.Zec's n...Published: 24 Aug 2022 at 06:44hrs | 496 | by Staff reporter
Mzembi claims Mangudya, Chinamasa misled Mugabe
FORMER Foreign Affairs minister, Walter Mzembi has made sensational claims Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, and then Finance minister Patrick Chinamasa shot down his proposal fo...Published: 17 Aug 2022 at 06:44hrs | 2812 | by Staff reporter
Zanu-PF's undying love for lies
LIES and threats have now become the order of the day for the President Emmerson Mnangagwa-led government.Since the inception of the new dispensation in 2017, Zimbabweans have been subjected t...Published: 28 Jul 2022 at 06:36hrs | 493 | by Mai Ruru
Biti tells Guvamatanga to 'shut up'
FORMER finance minister, Tendai Biti, has told off current treasury permanent secretary, George Guvamatanga, after he claimed civil servants are better paid now that they were during the government of...Published: 28 Jun 2022 at 07:32hrs | 4010 | by Staff reporter
Mnangagwa sought Magaisa's support after coup?
PRESIDENT Emmerson Mnangagwa is said to have sought the services of vocal critics to sanitise the November 2017 military coup and while he could have succeeded in luring some, several including the la...Published: 13 Jun 2022 at 17:45hrs | 919 | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 4415 | by Victor Bhoroma
Foreign banks troop to Zimbabwe forex auction
UNITED States-based multinational investment outfit JP Morgan was among global lenders that repatriated a combined US$30 million through the Reserve Bank of Zimbabwe (RBZ)'s forex auction system by th...Published: 13 May 2022 at 19:10hrs | 699 | by Staff reporter
'Bulawayo's informal sector overregulated'
EXPENSIVE trading licences and too many regulations are forcing informal sector traders to resort to operating illegally, a study by the Bulawayo Vendors and Traders Association (BVTA) has revealed....Published: 10 May 2022 at 07:45hrs | 246 | by Staff reporter
Should Zimbabweans be Commemorating Workers Day?
May day is a commemoration of the historic struggles and gains made by workers and the labour movement, but can Zimbabweans really take part in these historic celebrations as there is not much to appl...Published: 01 May 2022 at 20:55hrs | 319 | by Prince Njagu
Temba Mliswa calls for return of the US Dollar
Norton Member of Parliament Temba Mliswa says the introduction of the United States Dollar as a single currency is the best salvation to the revival of Zimbabwe's economy. In a Twitter thread ...Published: 26 Apr 2022 at 10:24hrs | 4111 | by Mandla Ndlovu
Govt must implement economic reforms
IN 2017, Finance and Economic Development minister Mthuli Ncube, Reserve Bank of Zimbabwe governor John Mangudya and the Zanu-PF government lied to the people, saying the bond note was at par with the...Published: 21 Mar 2022 at 06:39hrs | 140 | by Staff reporter
Motorists resist Bulawayo's new parking fees
BULAWAYO motorists yesterday all but abandoned parking bays in the city centre's new parking zone where drivers must pay US$1 to park for 30 minutes.A new parking system came into force yester...Published: 19 Feb 2022 at 18:32hrs | 317 | by Staff reporter
ZANU-PF has nothing new to offer
The Zimbabwe revolutionary party popularly known as Zanu PF has dismally failed to maintain its status quo and has lost its credibility in implementing sound developmental policies and good governance...Published: 10 Feb 2022 at 13:15hrs | 1053 | by Leonard Koni
Zimbabwe under ZANU-PF; A revolution derailed
Reader, ZANU-PF ruined Zimbabwe. All the sacrifices made by freedom fighters and the mass during the liberation struggle have all gone to waste because of a handful of ZANU-PF kleptocrats who derailed...Published: 10 Feb 2022 at 12:51hrs | 1100 | by Nkosilathi Emmanuel Moyo, Sr
Zimdollar: The writing is on the wall
THE United States Agency for International Development food security watchdog, the Famine Early Warning Systems Network, reported a 20% increase in the price of bread and cooking oil last month....Published: 03 Feb 2022 at 05:42hrs | 2111 | by Staff reporter
Disgraceful Mnangagwa Delegation on a Shopping Spree in Glasgow
Emmerson Mnangagwa and his ZANU PF delegation are on a shopping spree in Glasgow as the vast of Zimbabweans languish in poverty.Instead of attending the COP26 summit and contribute meaningful ...Published: 02 Nov 2021 at 13:49hrs | 34 | by Prince Njagu
Worthless Zimdollar notes clog banks
BANKS have requested the Reserve Bank of Zimbabwe (RBZ) to decommission $2 and $5 bond notes, saying smaller denomination currency ranges have turned into a burden for financial institutions to keep....Published: 31 Oct 2021 at 07:04hrs | 10 | by Staff reporter
'Dead' 14kg gold smuggler resurfaces, arrested
POLICE in Bulawayo have arrested Jefat Chaganda, the chief suspect in the 14 kilogramme gold case that happened in Plumtree in 2018.The case also resulted in the arrest of nine other suspects ...Published: 19 Sep 2021 at 08:16hrs | 13 | by Staff reporter
Mnangagwa's growing love for rule-by-decree
President Emmerson Mnangagwa has been increasingly making use of Statutory Instruments (SI units) during his tenure as head of State. Analysts are describing it as a form of command politics steering ...Published: 02 Sep 2021 at 06:16hrs | 5 | by Staff reporter
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | | by Staff reporter
CABS taken to court over currency conversion
ARCHITECTURAL firm Stone/Beattie Studio has filed a High Court application seeking to recover US$142 000 from Central Africa Building Society (CABS) that was converted to the equivalent local unit fol...Published: 23 Jul 2021 at 08:58hrs | 1 | by Staff reporter
Govt hunts mentally challenged teachers
GOVERNMENT has begun compiling names of teachers suffering from depression and other mental health conditions in a clear admission that the country's socio-economic challenges are taking a toll on edu...Published: 19 Jun 2021 at 15:04hrs | 1 | by Staff reporter
What are we really worth?
Recently I had breakfast with three friends and we were charged at the rate of ZW$115 to US$1 for our food, which was priced in US dollars.later I had coffee with another group of friends and ...Published: 28 May 2021 at 08:06hrs | 7 | by Eddie Cross
Air Zimbabwe admin tables a fresh revival plan
ADMINISTRATORS of Air Zimbabwe (AirZim) have persuaded government to roll out a foreign currency funding model under which industries would be directed to deploy United States dollars into the broke a...Published: 21 May 2021 at 06:03hrs | 9 | by Staff reporter
Mnangagwa has taken us back to 2008
PRESIDENT Emmerson Mnangagwa's administration is plunging Zimbabwe back into the 2008 era when the regime survived on peddling lies. Let us unpack some of the lies and confront them for answers....Published: 04 May 2021 at 06:23hrs | 2 | by Isaac
Grace Mugabe's huge daily cash withdrawals exposed
FORMER first lady Grace Mugabe allegedly made multiple United States dollar cash withdrawals amounting to US$300 000 per day in 2019 from her CBZ Bank account at a time ordinary Zimbabweans were allow...Published: 23 Apr 2021 at 07:31hrs | 11 | by Staff reporter
Zimbabwe govt rejects request to pay duty in forex
This comes as Treasury authorities want to ensure the country moves towards broader use of the local currency.Responding to a letter of request by Shallom Fiscal Consultant managing director, ...Published: 05 Mar 2021 at 17:40hrs | 5 | by Staff reporter
Pfumvudza, bond notes: Mnangagwa's saviour
THE gigantic lake TugwiMukosi is spilling. This is a rare phenomenon for a water body so big to spill less than four years after commissioning.It holds a promise that is too big to hide or ign...Published: 20 Feb 2021 at 08:55hrs | 5 | by Paidamoyo Muzulu
Betting shops gamble with lockdown restrictions
Licensed betting house Moors World of Sport (MWOS) continues to operate some of its branches across the country in theory as internet operations but in practice having staff continually going into the...Published: 13 Feb 2021 at 07:30hrs | 48 | by Staff reporter
'RBZ keeps black market guessing over $50 note'
ZIMBABWE'S markets are struggling to work out the full impact of a Reserve Bank of Zimbabwe (RBZ) move to inject a $50 note, which it sees as vital for stemming a dire liquidity crunch, according to r...Published: 22 Jan 2021 at 06:42hrs | 6 | by Staff reporter
'No permanent friends but interests' Zim-China relation expedition
Late 2020 China and Zimbabwe launched 5 year policies towards the realization of vision 2030, sustainable development goals. Zimbabwe being an ally to China, one can question if this was due to diplom...Published: 20 Jan 2021 at 06:28hrs | 14 | by Theophelous Fifteen
Mthwakazi donates wheelchair to gukurahundi victim
MTHWAKAZI Republic Party (MRP) has donated a wheelchair to former ZIPRA cadre, Better Tshuma who lost his legs when he was subjected to acts of torture by the Zimbabwean military during the dark Gukur...Published: 11 Jan 2021 at 07:59hrs | 2 | by Staff reporter
Thieves steal mobile phones at police station
Daring thieves allegedly pounced on Mvurwi police station and stole mobile phones through windows.This happened at three separate houses in the police camp.According to police officers...Published: 12 Dec 2020 at 11:26hrs | 7 | by Simbarashe Sithole
'No cheer under Mnangagwa administration 3 years on'
RESIDENT Emmerson Mnangagwa's new dispensation will this month mark three years in office, with analysts saying there was nothing to cheer about as the regime had failedto fulfil most of its promi...Published: 18 Nov 2020 at 05:35hrs | 6 | by Staff reporter
Councils mustn't demand forex, says Chombo
GOVERNMENT has threatened to deal with local authorities demanding payment of bills in foreign currency at 1:1 exchange rate.This was said by Local Government deputy minister Marian Chombo yes...Published: 05 Nov 2020 at 06:26hrs | 5 | by Staff reporter
Minister grilled over monetary, fiscal policies inconsistency
INCONSISTENT monetary and fiscal policies which have resulted in confused multi-tier pricing systems for goods and services are the biggest threat to the country, not opposition, Norton MP Temba Mlisw...Published: 02 Oct 2020 at 07:27hrs | | by Staff reporter
Jonathan Moyo threatens to publish Cabinet minutes
SELfEXILED former minister Jonathan Moyo has threatened to publish Cabinet minutes to prove that G40 elements were not taking instructions from the late for mer president Robert Mugabe's wife, Grace....Published: 27 Sep 2020 at 07:51hrs | 15 | by Staff reporter
'Worn out US dollar notes notes acceptable'
BADLY damaged, dirty or even torn United States dollar notes remain valid for all transactions and can be exchanged as legal tender. This comes as some businesses and individuals have been rej...Published: 22 Sep 2020 at 06:27hrs | 3 | by Staff reporter
Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain
FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their respon...Published: 15 Sep 2020 at 11:34hrs | | by Nathan Gurira
Call for meaningful reforms grow louder for Mnangagwa
PRESIDENT Emmerson Mnangagwa's recent jaunt to Japan in search of elusive investment has once again brought to the fore the futility of his numerous trips outside the country without introducing polit...Published: 06 Sep 2019 at 07:40hrs | 554 | by Staff reporter
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | 2709 | by Victor Bhoroma
Industry raps Mthuli Ncube's half-hearted currency reforms
INDUSTRY has rapped Finance and Economic Development minister Mthuli Ncube over his "half-hearted approach" to the currency reforms, saying the continued use of the United States dollar in the market ...Published: 04 Sep 2019 at 08:35hrs | | by Staff reporter
Zimbabwe banks raise red flag over policies
Zimbabwe's banking sector has singled out policy inconsistency as the biggest threat to its sustainability, citing conflicting statements on currency reforms.Bankers' Association of Zimbabwe (...Published: 01 Sep 2019 at 15:01hrs | | by Staff reporter
Bid to bribe police backfires
A Mazowe man who was caught smoking marijuana allegedly tried to bribe police officers with $32.Stanley Fundisi (36) was fined $500 by Concession resident magistrate Ruth Moyo and if he fails ...Published: 01 Sep 2019 at 14:58hrs | 336 | by Staff reporter
Bribery lands Ganja smoker in hot soup
The bid by a weed smoker to bribe police officers who had arrested him last week at Mazowe Agro chemicals complex backfired after the cops refused his bribery and took him to Concession magistrates' c...Published: 31 Aug 2019 at 21:09hrs | 1437 | by Simbarashe Sithole
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