Search / Cash
Fake promises anger Zimbabwe army, police
DESPITE efforts by President Emmerson Mnangagwa's government to create the impression that it is supportive and taking good care of the uniformed forces, morale remains low in the military barracks an...Published: 13 hrs ago | 1867 | by Staff reporter
RBZ strangles street money changers
They don't know what has suddenly hit them. It is no longer business as usual for most, if not all, illegal street money changers.They used to call the shots in the last few months, de...Published: 20 hrs ago | 1094 | by Staff reporter
Gold coins' sales hit ZW$3,7 billion, 90% sales in local currency
THE Reserve Bank of Zimbabwe (RBZ) has reported that gold coins' sales have to date reached ZW$3,7 billion with 90% sales being made in the local currency.Presenting the Mid-Term Monetary Poli...Published: 12 Aug 2022 at 20:30hrs | 389 | by Staff reporter
Zimbabwe to release smaller gold coins
Smaller Zimbabwean gold coins, as small as a tenth of an ounce, are expected to go on sale in November from the Reserve Bank of Zimbabwe so ordinary people can invest in them and store value for their...Published: 12 Aug 2022 at 06:35hrs | 680 | by Staff reporter
Payment for goods priced in black-market rates suspended?
All payments have been suspended for goods supplied to Government ministries, departments and agencies and possibly priced using black market exchange rates with procuring units now compelled to do du...Published: 12 Aug 2022 at 06:34hrs | 343 | by Staff reporter
Policy flaws chasing Forex from the formal market
It is estimated that US$2.5 billion is circulating outside the formal banking system in Zimbabwe with households, businesses and foreign investors preferring to store their hard-earned foreign currenc...Published: 11 Aug 2022 at 12:05hrs | 2048 | by Victor Bhoroma
NPA boss 'bribes' prosecutor to make case of undocumented Zimbabwean national go away'
The start of the corruption trial against Mpumalanga acting Deputy Director of Public Prosecutions Matric Luphondo and former head of the Mpumalanga human settlements department Kebone Masange was del...Published: 11 Aug 2022 at 06:46hrs | 1610 | by Staff reporter
Police petitioned over Filabusi tsikamutandas
GWANDA-based human rights watchdog, Coalition for Citizens Advocates (Coca) has petitioned police in Matabeleland South to deal with tsikamutandas (witch hunters) who are "fleecing" Filabusi villages ...Published: 11 Aug 2022 at 06:44hrs | 908 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 1181 | by Staff reporter
Production costs, competition strain Ingwebu
BULAWAYO Municipal Commercial Undertaking's beverages producer, Ingwebu Breweries, says rising costs of production coupled with increasing competition strained its earnings, which saw profit dropping ...Published: 10 Aug 2022 at 06:31hrs | 129 | by Staff reporter
School, parents clash over US$ fees
PARENTS and guardians of pupils at Nyamuzuwe High School have threatened to stage a protest against school authorities who they accuse of demanding United States dollars exclusively for fees, in contr...Published: 08 Aug 2022 at 05:48hrs | 383 | by Staff reporter
Zinara CEO scoops top IODZ gong
THE Zimbabwe National Road Administration's (Zinara) rebranding exercise is yielding positive results, with the parastatal's chief executive Mr Nkosinathi Ncube winning the Director Of The Year award ...Published: 07 Aug 2022 at 08:38hrs | 427 | by Staff reporter
Technical glitch forces parking fees into manager's EcoCash
TENDY Three Investments, which is running a parking system in Bulawayo, was forced to channel money that was being collected by marshals into the personal mobile account of its managing director, Mr B...Published: 07 Aug 2022 at 08:26hrs | 115 | by Staff reporter
Money changer survives 5000kv shock
A suspected illegal foreign currency dealer commonly referred to as osiphatheleni in Bulawayo is lucky to be alive after he was shocked by a 5 000 kilovolt electric shocker (taser) by a robber who wan...Published: 07 Aug 2022 at 08:20hrs | 312 | by Staff reporter
Parents cry foul over holiday lessons ban
GOVERNMENT has refused to bow down to pressure from parents who want children to attend holiday lessons, saying the practice was long outlawed.Holiday lessons have long been banned because gov...Published: 05 Aug 2022 at 06:41hrs | 719 | by Staff reporter
Police sweat over smuggled firearms
POLICE have expressed concern over the proliferation of illegal firearms, some smuggled into the country, as the law enforcement agency sweats over a spate of armed robberies and violent crimes of pas...Published: 04 Aug 2022 at 06:46hrs | 1395 | by Staff reporter
Rogue lawyers connive with bogus estate agents
SOME rogue lawyers in Bulawayo are reportedly conniving with bogus estate agents to defraud homeseekers as demand for housing surges.Police in Bulawayo recorded 32 fraud cases involving the sa...Published: 03 Aug 2022 at 06:42hrs | 522 | by Staff reporter
Mukuru money transfer agency robbers still on the run
Police have said they are still looking for the four armed robbers who raided a Safeguard Security company cash-in-transit vehicle just outside Mukuru money transfer agency in Bulawayo, before stealin...Published: 02 Aug 2022 at 19:52hrs | 1136 | by Staff reporter
85% of gold coins sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) has revealed that 1 500 gold coins were sold by its agents during the first week of their release onto the market, signalling a strong demand for the yellow metal cu...Published: 02 Aug 2022 at 06:53hrs | 1626 | by Staff reporter
Zanu-PF made 235 poll promises, keeps 13
Zanu-PF made 235 electoral promises in the run up to the 2018 polls, but only managed to keep only 13, less than a year to polls in 2023, a non-governmental organisation has claimed.Independen...Published: 02 Aug 2022 at 06:48hrs | 572 | by Staff reporter
EcoCash records modest growth in first quarter
ECOCASH Holdings Zimbabwe Limited recorded modest growth in the first quarter to May 31, 2022 supported mainly by the fintech business which remains the group's highest revenue contributor.In ...Published: 02 Aug 2022 at 06:43hrs | 73 | by Staff reporter
Robbers net US$100,000 and R500,000 in Zimbabwe cash-in-transit robbery
Shots were fired as armed robbers targeted a cash-in-transit van on a busy street in Bulawayo on Monday morning.Police said US$100,000 and R500,000 was stolen as at least four armed men wearin...Published: 01 Aug 2022 at 19:07hrs | 1184 | by Staff reporter
'BCC a real estate fraudster'
BULAWAYO Progressive Residents Association (BPRA) secretary for administration Thembelani Dube has accused the Bulawayo City Council (BCC) of fraud after it asked housing stand beneficiaries to pay to...Published: 01 Aug 2022 at 06:37hrs | 589 | by Staff reporter
Zimbabwe banks run out of gold coins
DEMAND for the new Zimbabwean gold coins has been overwhelming and banks have been inundated by their corporate and individual customers seeking a legal and sensible way of preserving value.Th...Published: 01 Aug 2022 at 06:35hrs | 7166 | by Staff reporter
Zimbabwe banking on gold to fight inflation
With inflation soaring in Zimbabwe and the country's currency in free fall as people abandon it for the US dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy...Published: 31 Jul 2022 at 09:13hrs | 1143 | by Lesley Wroughton
More stands to be developed in Bulawayo
MORE than 1 600 housing stands are set to be developed in Bulawayo as the city ups its housing development strategy in a bid to reduce the housing backlog. The housing backlog in the city, whi...Published: 31 Jul 2022 at 08:12hrs | 481 | by Staff reporter
Bulawayo tightens water rationing
BULAWAYO residents will now go for two days a week without water supplies after the local authority from yesterday effected a 48-hour water shedding schedule. The local authority has further p...Published: 31 Jul 2022 at 08:12hrs | 278 | by Staff reporter
Ximex mall dealer commits suicide
The Harare Ximex Mall dealer, Tafadzwa Murengwa alias Boss Pangolin who yesterday morning shot and killed his girlfriend along Simon Mazorodze Road after accusing her of cheating him with a married ma...Published: 30 Jul 2022 at 19:07hrs | 290 | by Staff reporter
Ximex dealer guns down lover
A dealer at the former Ximex Mall in Harare, Tafadzwa Murengwa alias Boss Pangolin, yesterday shot and killed his ex-girlfriend near Bathroom Boutique along Simon Mazorodze Road in Waterfalls after ac...Published: 30 Jul 2022 at 19:06hrs | 129 | by Staff reporter
No joy in Mthuli Ncube's budget
CALLS by Zimbabwe's restive civil service for United States dollar salaries went unheeded by Finance minister Mthuli Ncube yesterday.Ncube doubled the national budget to $1,9 trillion as a res...Published: 29 Jul 2022 at 06:54hrs | 2982 | by Staff reporter
EcoCash introduces Thembie the chatbot
EcoCash, Zimbabwe's leading mobile money platform and a subsidiary of EcoCash Holdings – the diversified digital and fintech group listed on the Zimbabwe Stock Exchange – on has added another digi...Published: 28 Jul 2022 at 06:37hrs | 717 | by Staff reporter
Arthur Mutambara trashes RBZ's gold coins initiative
FORMER Deputy Prime Minister Arthur Mutambara has trashed the Reserve Bank of Zimbabwe's (RBZ) gold coins initiative, supposedly meant to ease inflation, as nothing other than ‘a shameful opportunit...Published: 27 Jul 2022 at 19:37hrs | 2161 | by Staff reporter
Zimbabwe is ripe for investment - it just needs to be done the right way
The massive surge in diaspora remittances to Zimbabwe - up to $1.4 billion last year - makes for an interesting case study of an economy significantly different from others. Not many countries can loo...Published: 27 Jul 2022 at 13:01hrs | 1709 | by Agencies
Power imports cost Zesa US$17m monthly
THE Zimbabwe Electricity Supply Authority (Zesa) requires US$17 million per month for power importation to augment local supplies which are set to receive a major boost with coming on line of Hwange u...Published: 27 Jul 2022 at 06:27hrs | 281 | by Staff reporter
Rushwaya applies for discharge in gold smuggling case
THE State yesterday lined up two witnesses in a case where Zimbabwe Miners Federation president Henrietta Rushwaya is accused of trying to smuggle gold at the Robert Gabriel Mugabe International Airpo...Published: 26 Jul 2022 at 06:39hrs | 349 | by Staff reporter
Rushwaya bribery trial starts
Zimbabwe Miners Federation president Henrietta Rushwaya, who is facing charges of trying to bribe an official from the Civil Aviation Authority of Zimbabwe (CAAZ) to let her pass when she was carrying...Published: 26 Jul 2022 at 06:32hrs | 305 | by Staff reporter
Zimbabweans arrested over illegal mining activities in Mpumalanga
South Africa's elite police unit, the Hawks have arrested two Zimbabweans, a Mozambican, and three local men who are believed to be part of an illegal gold mining racket in Mpumalanga province....Published: 25 Jul 2022 at 19:47hrs | 837 | by Staff reporter
CCC cries Zanu-PF rigging despite weekend by-election victories
Citizens Coalition for Change (CCC) has reiterated its demands for electoral reforms after two council by-elections won by the opposition weekend exposed massive vote buying and voter intimidation all...Published: 25 Jul 2022 at 15:41hrs | 1592 | by Staff reporter
Chamisa says call for structures a non-issue
THE opposition Citizens' Coalition for Change (CCC) is set to contest the 2023 elections without permanent structures despite shrill clamours by some critics, with party leader Nelson Chamisa saying s...Published: 25 Jul 2022 at 08:00hrs | 3894 | by Staff reporter
Ramaphosa thrown under the bus by Wally Rhoode
In his response to the Public Protector, President Cyril Ramaphosa's head of Presidential Protection Service, Wally Rhoode, has revealed the roles allegedly played by the President and his Namibian co...Published: 24 Jul 2022 at 12:40hrs | 11438 | by Staff reporter
Strive Masiyiwa eyes US$500m for expansion
Zimbabwe-born billionaire Strive Masiyiwa, who runs firms including Africa's largest fibre-optic cable network, plans to raise as much as US$500-million to expand his digital infrastructure and servic...Published: 24 Jul 2022 at 10:02hrs | 687 | by Staff reporter
Forex only for housing stands for Bulawayo
THE Bulawayo City Council has availed stands in Pumula South that are exclusively sold in foreign currency, with interested individuals being given six months to settle the payment or risk losing them...Published: 24 Jul 2022 at 10:00hrs | 567 | by Staff reporter
Gold coins: RBZ chief sheds more light
Gold coins set to be released by the Reserve Bank of Zimbabwe (RBZ) tomorrow are expected to mop up excess cash on the market over the next six months, reduce demand for the US dollar as a store of va...Published: 24 Jul 2022 at 09:59hrs | 719 | by Staff reporter
Zimbabwe power cuts end in sight
Zimbabwe will start receiving 100MW from Zambia's state-owned power utility, Zesco, early next month under a five-year deal, while a delegation from Mozambique is expected in the country today to fina...Published: 24 Jul 2022 at 09:57hrs | 565 | by Staff reporter
Machete wielding robbers pounce on a miner
FOUR machete wielding robbers allegedly pounced on a Bindura robber and demanded gold and cash before assaulting him and his wife at night....Published: 23 Jul 2022 at 20:31hrs | 527 | by Simbarashe Sithole
Zimbabweans must avoid self-destruction
WITH our motherland not completely out of the West's evil economic sanctions woods, but encouraged the warmth of some European union members, excluding this country's former coloniser Britain — whic...Published: 23 Jul 2022 at 07:28hrs | 94 | by Stephen Mpofu
Mnangagwa talks tough on illegal mining
THE Government will not tolerate timber poaching, illegal mining, settlements in plantations, and deforestation as that will impede the rural industrialisation agenda being driven by the Second Republ...Published: 23 Jul 2022 at 07:25hrs | 148 | by Staff reporter
Zimra garnishes Chinese contractor
THE Zimbabwe Revenue Authority (Zimra) has garnished for the fourth time in six months, bank accounts of a Chinese contractor, China International Water and Electric Corporation (CIWE), developing Lak...Published: 22 Jul 2022 at 10:42hrs | 1250 | by Staff reporter
Why is Zimbabwe starving?
LONG-STANDING financial troubles and drought in Zimbabwe have pushed millions to the brink of starvation.Government has declared a state of disaster as months of drought have exacerbated a nat...Published: 22 Jul 2022 at 06:43hrs | 753 | by Claire Felter
More light must be shed on gold coins to instil confidence
Consumer and investor confidence will likely be a game changer as the nation waits patiently for gold coins, which will be available beginning July 25 this year.The coins will be available thr...Published: 21 Jul 2022 at 06:40hrs | 126 | by Staff reporter
Load More Stories
