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RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 7 hrs ago | 440 | by Staff Reporter
Zimbabwe plans to build new city for the rich
A brochure depicts pristine walkways, towering high rises and shining malls - all to be shared by a multiracial coterie of well-heeled residents. Plans also call for a solar plant, an important draw f...Published: 27 Jan 2023 at 15:20hrs | 9575 | by Staff Reporter
Fort Rixon cattle carnage: Ward records 262 deaths in 1 month
A 65-year-old Fort Rixon widow has so far lost more than 50 cattle as the dreaded theileriosis, commonly known as January disease, has ravaged through the area leaving peasants and small scale farmers...Published: 22 Jan 2023 at 08:12hrs | 1308 | by Staff Reporter
Headwinds ahead for Zanu-PF
NORTON Independent legislator Temba Mliswa remains a comical character but he is one you cannot afford to ignore.A rabble-rouser of note, he has been a thorn in the flesh of Zanu-PF ever since...Published: 21 Jan 2023 at 11:26hrs | 2591 | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 1293 | by Staff reporter
Bulawayo's street 'shops' flood city by night
FILLED to the brim with groceries ranging from foodstuffs, toiletry to skin care products, a pushcart — commonly known as iScania in the streets of Bulawayo — is strategically positioned at a busy...Published: 21 Jan 2023 at 08:23hrs | 428 | by Staff reporter
Zimdollar loses grip against USD
THE local dollar lost its grip against the United States dollar at the Reserve Bank of Zimbabwe (RBZ)'s auction system, which resumed on Tuesday with the official exchange rate now pegged at US$1: $70...Published: 12 Jan 2023 at 07:38hrs | 1851 | by Staff Reporter
Zimbabwe's gold output reaches new record high
Zimbabwe's gold output reached a new record high of 35.38 tonnes in 2022, spurred by new mining projects, timely payments and incentives to miners.The output was 19.5 percent up from the previ...Published: 11 Jan 2023 at 16:55hrs | 335 | by Staff reporter
What can go wrong with your crypto investment?
It may be virtual money, but the value of a cryptocurrency can never be negative. To put it simply, a cryptocurrency's ...Published: 10 Jan 2023 at 16:16hrs | 193 | by Moyo Roy
NFTs in Africa: Potential Benefits and Risks for the Art Market and Beyond
Non-fungible tokens (NFTs) have gained significant attention in recent years as a new way of buying and selling digital and physical assets. From art to collectibles to real estate, NFTs have the pote...Published: 30 Dec 2022 at 07:47hrs | 115 | by Taedzwa Chikono
Analysis of the 2023 national budget
The Zimbabwean government presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The government expects to collect revenues totaling ZW$3.9 billion (18% of GDP), thus resulting...Published: 16 Dec 2022 at 00:15hrs | 809 | by Victor Bhoroma
Zimbabwe fulfils land compensation obligations?
WITH allocations in next year's budget and the Government and white former commercial farmers ready to work together to raise funds through long-term bonds, the farmers will start receiving compensati...Published: 07 Dec 2022 at 05:04hrs | 195 | by Staff reporter
Staff exodus hits Zimbabwe's NPA, AG
NATIONAL Prosecution Authority (NPA) acting director-general Nelson Mutonziwa has revealed that his office has been hit by a massive exodus of sharp legal minds due to poor remuneration and conditions...Published: 06 Dec 2022 at 05:03hrs | 395 | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 155 | by Staff reporter
Chiwenga duped into buying fake gold for US$24,000
A gold buyer who punished a Chinhoyi couple for selling him fake gold worth US$24,000 will spend Christmas behind bars after he was arrested for taking the law into his hands in revenge.Donald...Published: 05 Dec 2022 at 05:12hrs | 3524 | by Staff reporter
'Thieves' beg Ramaphosa to stay
Ministers with "smallanyana" skeletons are drumming up support for President Cyril Ramaphosa not to resign because they are afraid of going to jail or their shenanigans being exposed once he is gone....Published: 04 Dec 2022 at 15:27hrs | 2579 | by Staff reporter
Cotton farmers give Mnangagwa's Intwasa middle finger
Some cotton farmers who got free inputs from President's Emmerson Mnangagwa's Pfumvudza programme have chosen the most unorthodox way to pay back the Zimbabwean leader's presumed benevolence through s...Published: 03 Dec 2022 at 07:15hrs | 542 | by Staff reporter
Rival amakorokoza groups clash in Nkankezi
GOGO Martha Mlotshwa swears that she has never seen so much blood in her 75 years of existence.At her age, she has seen it all - the good, the bad and the worst of humanity but the level of vi...Published: 03 Dec 2022 at 07:12hrs | 402 | by Staff reporter
RBZ in gems mop up deal
THE government has structured a deal that will see the Reserve Bank of Zimbabwe (RBZ) buying excess diamonds as it moves to shut out unscrupulous dealers that have been dribbling authorities....Published: 02 Dec 2022 at 19:30hrs | 301 | by Staff rteporter
Zimbabwe miners in urgent plea for forex
THE Chamber of Mines of Zimbabwe says it is engaging authorities to come up with mechanisms that can accommodate the foreign currency requirements for the sector as shortages are weighing down the sec...Published: 24 Nov 2022 at 04:59hrs | 533 | by Staff reporter
Gold buyer robbed of US$350 000
A REGISTERED gold buyer from Bulawayo lost US$350 000 in cash to two armed robbers who told him they were selling 50g of gold before pulling out a firearm and ransacking his house.National pol...Published: 24 Nov 2022 at 04:56hrs | 476 | by Staff reporter
Illegal diamond dealer robbed of US$10,000
ARMED robbers raided an illegal diamond buyer at Marange diamond fields last Friday and robbed him of US$10 000 and a vehicle at gunpoint after dangling pieces of diamonds to the unsuspecting diamond ...Published: 22 Nov 2022 at 04:54hrs | 684 | by Staff reporter
Smaller gold coins trading begins
THE Reserve Bank of Zimbabwe (RBZ) yesterday opened doors for members of the public to walk into any local bank and registered agencies to purchase smaller units of Mosi-oa-Tunya gold coins as an alte...Published: 16 Nov 2022 at 05:13hrs | 634 | by Staff reporter
Zimbabwe starts disbursement of 4 500 small gold coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow start disbursing 4 500 smaller units of Zimbabwe's Mosi-oa-Tunya gold coins to banks ahead of planned release of the bullion coins in the market on Tue...Published: 10 Nov 2022 at 04:54hrs | 411 | by Staff reporter
Fortune seekers descend on Mberengwa in Zimbabwe lithium rush
THE country's policies are once again in the spotlight after more than 5 000 artisanal miners and fortune seekers, including foreigners, mainly of Chinese origin, have descended on the former Sandawan...Published: 04 Nov 2022 at 05:37hrs | 4019 | by Staff reporter
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | 891 | by Staff reporter
CIO 'steals' minister's whisky, perfumes
A CENTRAL Intelligence Organisation (CIO) officer was arrested last Thursday for allegedly stealing beer, perfumes and a laptop from Agriculture deputy minister Davis Mharapira.Nyasha Matonhod...Published: 01 Nov 2022 at 05:14hrs | 1767 | by Staff reporter
Zanu-PF congress: The Great Betrayal
IF the late former Rhodesian Prime Minister Ian Douglas Smith felt betrayed by the British government and his allies - including apartheid South Africa - whom he expected to side with him to keep Rhod...Published: 31 Oct 2022 at 18:52hrs | 816 | by Staff reporter
Ethiopian Airlines in maiden flight to Bulawayo
ETHIOPIAN Airlines yesterday made its maiden flight to Bulawayo as it landed at Joshua Mqabuko Nkomo International Airport, a key development in the aviation industry that will boost the tourism secto...Published: 31 Oct 2022 at 04:50hrs | 418 | by Staff reporter
Stern warning for errant schools
Zanu-PF has expressed concern over the deaths of pupils in schools, extra lessons, and the charging of exorbitant fees including some exclusively in foreign currency.This is contained in the p...Published: 31 Oct 2022 at 04:50hrs | 293 | by Staff reporter
Musk 'frees' the bird
Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platf...Published: 29 Oct 2022 at 20:51hrs | 552 | by Staff reporter
Tobacco sales rake in US$650,3 million
ZIMBABWE has realised US$650,3 million from tobacco sales this year, up 10,3% compared to last year, statistics from the Tobacco Industry and Marketing Board (TIMB) show.Last year, the souther...Published: 27 Oct 2022 at 06:13hrs | 59 | by Staff reporter
Zimbabweans being swindled of millions by foreigners due to lies about sanctions
In their relentless shameless attempts at portraying every little problem faced by ordinary Zimbabweans as being a result of so-called 'sanctions imposed on the country' - the Zimbabwe government has ...Published: 26 Oct 2022 at 15:32hrs | 1195 | by Tendai Ruben Mbofana
South African in Zimbabwean court for fraud
A South African, Peter Coetzee, alias Van Tonder Vikus, alias Johannes Jacobus Conelius Naude, yesterday appeared before Harare magistrate Mr Taurai Manuwere facing charges of duping two gold miners o...Published: 25 Oct 2022 at 06:01hrs | 252 | by Staff reporter
Hlanganani lights up Bulawayo
ONCE again, Bulawayo, the second-largest city in Zimbabwe, literally burst at the seams with the return of the Sanganai/Hlanganani World Tourism Expo.iDubbed Africa's premium business exchange...Published: 23 Oct 2022 at 19:02hrs | 415 | by Staff reporter
Beitbridge arms smuggling saga: Fears Mnangagwa was main target
FEARS are mounting within President Emmerson Mnangagwa's inner security circle that the arms which were smuggled into the country through Beitbridge by a seasoned gun-runner without a consignee were m...Published: 23 Oct 2022 at 17:29hrs | 2042 | by Staff reporter
All set for Ethiopian Airlines maiden flight to Bulawayo
ONE of the world's top airlines, Ethiopian Airlines is set to introduce flights that will fly into Bulawayo for the first-time, end of this month, a development that will boost the tourism sector as w...Published: 23 Oct 2022 at 09:14hrs | 260 | by Staff reporter
Zesa to bill in local, US dollars
WITH official and black market foreign currency exchange rates moving towards convergence, the Government is considering allowing customers to settle their electricity bills using either local currenc...Published: 23 Oct 2022 at 09:07hrs | 89 | by Staff reporter
RBZ projects 50% annual inflation rate by year end
A total of 10 400 gold coins have been sold to date, with companies dominating the buyers list in a development which has gone a long way in mopping up excess liquidity, Reserve Bank of Zimbabwe (RBZ)...Published: 22 Oct 2022 at 05:43hrs | 524 | by Staff reporter
Zanu-PF youths grab Kadoma gold mine
Zanu-PF youths have moved to grab Eiffel Blue gold mine in Kadoma from a European investor who has put it up for sale ahead of next year's general elections.This shows there is still no rule o...Published: 16 Oct 2022 at 19:33hrs | 922 | by Staff reporter
This and that with Mal'phosa: No, South Africa can never be another Zimbabwe
Finally, load 'shredding' is over, for now. Well, my workmate calls it so. She is a modern day Malaprop and does not care whether words she uses are appropriate or not. 'This morning poli...Published: 13 Oct 2022 at 13:46hrs | 1398 | by Clerk Ndlovu
Hlanganani Expo kicks off
THE 15th Hlanganani/Sanganai World Tourism Expo opens in Bulawayo today with a packed schedule of intense business engagement sessions as Zimbabwe seeks to capitalise on the showcase to drive higher t...Published: 13 Oct 2022 at 05:54hrs | 252 | by Staff reporter
Shareholders fight directors over Tetrad Bank control and assets
TETRAD Investment Bank (TIB) shareholders are locked in a heated row with its directors for the control of the defunct financial institution's US$13 million assets. TIB has properties and othe...Published: 12 Oct 2022 at 18:49hrs | 526 | by Agencies
Mliswa heaps praise on govt for awarding Mnangagwa's ally a gold refining licence
INDEPENDENT Norton legislator, Temba Mliswa has heaped praise on government for awarding President Emmerson Mnangagwa's ally, Pedzisai 'Scott' Sakupwanya a gold refining licence.The mining mag...Published: 12 Oct 2022 at 05:44hrs | 4967 | by Staff reporter
MPs want Zimbabwe to quit Cites
LEGISLATORS are calling on the government to quit Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) in order for the trading and eating of wildlife animals to go ...Published: 10 Oct 2022 at 06:10hrs | 614 | by Staff reporter
Zimbabwe military commanders investigate Beitbridge arms saga
WHAT started as an arms smuggling racket by seasoned gun-runners who bungled their mission like amateurs has now deteriorated into a major political scandal maddening President Emmerson Mnangagwa and ...Published: 09 Oct 2022 at 17:20hrs | 3068 | by Staff reporter
Zimbabwe arms smuggling saga deepens as new details on the deal emerge
THE recent saga involving the botched smuggling of AK-47 assault rifles and scores of ammunition magazines is deepening as it takes a new political twist amid fresh details.Those close to Pres...Published: 02 Oct 2022 at 09:18hrs | 3603 | by Staff reporter
RBZ allows companies to buy up to US$100 000 weekly
THE Reserve Bank of Zimbabwe has moved to allow companies to purchase up to US$100 000 per week from local banks for purposes of undertaking bona fide payments and moved to maintain the current intere...Published: 01 Oct 2022 at 06:15hrs | 446 | by Staff reporter
Zimdollar, US dollar exchange rate cleavage narrows
THE narrowing of the gap between parallel market and official exchange rates from an elevated level of 140 percent in May to current levels of between five percent and 15 percent is a significant move...Published: 29 Sep 2022 at 05:56hrs | 1529 | by Staff reporter
$9bn gold coins sold as individuals join rush
THE Reserve Bank of Zimbabwe (RBZ) says gold coins worth $9 billion have been sold since July this year, with individuals taking a significant chunk of the bullion, while the Monetary Policy Committee...Published: 28 Sep 2022 at 05:55hrs | 300 | by Staff reporter
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