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Exposing economic saboteurs threatening Zimbabwe's future
THE introduction of the Zimbabwe Gold Currency (ZiG) symbolised a shift toward economic sovereignty, self-reliance and stability. Yet, instead of celebrating this monumental effort, some individuals w...Published: 02 Oct 2024 at 07:49hrs | 253 | by Innocent Mujeri
Armed robber gunned down in Zimbabwe
Police have arrested two suspected armed robbers, Kenneth Chiputura (50) and Jaison Munyapa (18), while Raymond Mugabe (39) was shot and killed during his arrest.The suspects are linked to a s...Published: 30 Jul 2024 at 07:42hrs | 1005 | by Staff reporter
Police account for 3 wanted robbers
Police have apprehended three members of a five-man armed robbery gang from Harare, with two suspects arrested and a third killed in a shoot-out with detectives in Chinamhora over the weekend....Published: 29 Jul 2024 at 04:14hrs | 267 | by Staff reporter
Africa: Embattling a Continent
When the IMF goes to warSo the International Monetary Fund (IMF) staff has decided to grant Ukraine some whooping USD15,6 billion?Ukraine is at war with Russia.A war funded and...Published: 25 Mar 2023 at 12:59hrs | 3 | by Jamwanda2 on Saturday
'Zimbabwe to become a supermarket of imports'
GOVERNMENT'S decision to suspend duty on imports of selected basic commodities such as rice, flour and cooking oil for six months will cripple the country's already ailing economy and industries, loca...Published: 11 Jun 2022 at 09:33hrs | | by Staff reporter
Mnangagwa blames 'NATO expansion' for Russia's invasion of Ukraine
In his first public comments over Russia's invasion of Ukraine, President Emmerson Mnangagwa said it was a "robust" response by President Vladmir Putin to "provocation" by NATO, a military alliance of...Published: 11 Apr 2022 at 08:27hrs | 10 | by Staff reporter
Mnangagwa says Russia-Ukraine conflict wake up call
THE Russia and Ukraine conflict, which has spawned a surge in global food prices and disruption of world markets and supply chains, has been a wake-up call for Zimbabwe on the need to ensure food secu...Published: 11 Apr 2022 at 06:28hrs | 1 | by Staff reporter
Has yuan become Russia's new dollar?
Russia could use the Chinese yuan to bypass the crippling sanctions and SWIFT payment ban imposed by the US and its allies.One rouble now buys less than one US cent, causing ordinary Russians ...Published: 10 Mar 2022 at 05:49hrs | 4 | by Staff reporter
4 armed robbers shot dead
FOUR suspected serial armed robbers - out on bail facing 24 armed robbery charges involving cash, vehicles, guns and jewellery - were shot dead during a shootout with police in Kwekwe. The sus...Published: 19 Jul 2019 at 07:16hrs | 4 | by Staff reporter
'Dollarisation failed to create jobs in Zimbabwe'
While Zimbabwe registered remarkable economic growth during the multi-currency era, the period dismally failed to generate significant formal jobs, research findings 5released by the Reserve Bank of Z...Published: 12 Jul 2019 at 18:57hrs | | by Staf reporter
Armed robbers rob Sino Non-Metal Resources of US$44,000
Six armed men robbed four Chinese nationals on Wednesday morning of US$44 200, ZWL$2 920 and 500 Chinese yuan at Sino Non-Ferrous Metal Resources gold milling company in Shurugwi.The robbers a...Published: 12 Jul 2019 at 07:50hrs | 2 | by Staff reporter
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | 1 | by Staff reporter
'Multi-currency stifled Zimbabwe economic growth'
THE use of the multi-currency system since 2009 stifled growth as the country could not utilise monetary instruments to stimulate economic activity, Finance and Economic Development Minister, Prof Mth...Published: 08 Jul 2019 at 07:57hrs | 1 | by Staff reporter
ZCTU can do better than demonstrate for redollarisation
No good deed goes unpunished.Normally, the doer of a good deed expects just a "thank you", but usually someone is adversely affected by the good deed. For example, saving someone's life from a...Published: 05 Jul 2019 at 08:10hrs | 1 | by Conway Tutani
Mnangagwa's govt must get its act right on currency issue
IN Parliament this week, legislators from both the ruling Zanu PF party and main opposition MDC took turns to seek clarity on the country's currency from Justice minister Ziyambi Ziyambi. At the momen...Published: 10 May 2019 at 07:00hrs | 1 | by Editorial - Newsday
All you need to know about Zimbabwe's new currency
Late in February, Zimbabwe introduced a new currency called the RTGS, or real-time gross settlement dollar, in the process abandoning its long held 1:1 parity between the US dollar and its local trans...Published: 15 Mar 2019 at 19:30hrs | 1 | by Atff reporter
Cops, accomplices mine robbery case postponed to next Friday
GWERU regional magistrate Pathekile Msipa last Friday postponed to next Friday the trial of two police officers based in Mberengwa, who allegedly ganged up with 14 accomplices and raided a Chinese min...Published: 06 Feb 2019 at 08:33hrs | 1 | by Staff reporter
Mine robbery gang members denied bail
The trial of eight Zvishavane men, who allegedly raided a Chinese mining company in Zvishavane recently failed to kick off in Gweru on Friday as the State is waiting for documents from their court of ...Published: 04 Feb 2019 at 07:58hrs | 6 | by Staff reporter
New Zimbabwean currency the only way to go
When the Minister of Finance and Economic Development, Professor Mthuli Ncube hinted that plans were on course to reintroduce the local currency, there has been an outcry from members of the public de...Published: 28 Jan 2019 at 07:24hrs | 2 | by Elijah Chihota
Cops in 16-man mine armed robbery
EIGHT armed robbers, among them two police officers allegedly raided a Chinese mining company in Zvishavane and went away with an Isuzu pick up, 48 grammes of gold, US$8 820, $6 800 bond notes and 2 1...Published: 11 Jan 2019 at 09:19hrs | 7 | by Staff reporter
2 detectives arraigned in mine robbery case
Two police detectives from Minerals Unit have appeared before Zvishavane resident magistrate Shepherd Munjanja in connection with a case of robbery which occurred at Carmlak Mine earlier this month....Published: 29 Dec 2018 at 17:39hrs | | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 30 | by newZwire with The Source
Zimbabwe currency stabilisation in a year
A Zimbabwean man shows off new bond notes outside a bank in Harare on November 28, 2016. Picture: Philimon Bulawayo/ReutersZimbabwe's currency stability hinges on the country‘s ability to bu...Published: 12 Oct 2018 at 13:45hrs | 1 | by Staff reporter
Chamisa equates himself to Biblical Joshua
The MDC Alliance presidential candidate, Advocate Nelson Chamisa has turned to the Bible and likened himself to the Biblical Joshua who will take Zimbabweans to Canaan.Addressing a rally in Zv...Published: 08 Jul 2018 at 17:24hrs | 1 | by Staff reporter
US dollar losing status as world reserve currency
Economists have predicted that the international financial system in the next decade will have changed significantly as the United States dollar loses its reserve currency status.Aggressive fo...Published: 01 Jul 2018 at 08:24hrs | 8 | by Staff reporter
Mnangagwa: The morning after
The unprecedented military intervention brought euphoria to the masses they gave their future to the crocodile, I had believed in since childhood. Questions are still asked does the alligator ha...Published: 16 Mar 2018 at 06:36hrs | 1 | by Simplisio Muvunde
Mnangagwa's hopes to get back $1,3bn 'unrealistic'
The government has no firm legal footing to enforce the return of the over $1 billion of externalised funds by individuals and companies, experts have said.On December 5 2017, President Emmers...Published: 11 Mar 2018 at 09:39hrs | | by Staff reporter
WATCH: Zimbabwe to ditch US$ for the Rand?
There is speculation on social media on whether Zimbabwe has adopted the South African rand as the official currency over the United State Dollar.A report by SABC suggests that, President Robe...Published: 04 Oct 2017 at 15:52hrs | 13 | by Staff reporter
Reasons why Zimbabwe won't adopt the rand
It doesn't matter how much sense it makes to ordinary Zimbabweans: Zimbabwe will not formally adopt the rand, the central bank governor says.John Mangudya has told the state-controlled...Published: 24 Apr 2017 at 10:49hrs | 1 | by Staff reporter
Zimbabwe running out of US dollars
Despite the shrill official propaganda to the contrary, Zimbabwe's economy is continuing on its steep decline - with the latest manifestation of this implosion being the alarming disappearance of the ...Published: 26 Jan 2017 at 06:03hrs | | by Staff reporter
Heavy penalties for bond notes rejection
LAWMAKERS have proposed legal provisions in the Bond Notes Bill for stiff penalties against anyone found rejecting bond notes as a legal tender.This Bill will amend the Reserve Bank of Zim...Published: 20 Jan 2017 at 05:42hrs | | by Staff reporter
Money changers embrace bond notes
As Zimbabweans warm up to the bond notes introduced by the Reserve Bank of Zimbabwe (RBZ) yesterday, a snap survey at the notorious money changers market at Road port in Harare revealed that it was bu...Published: 01 Dec 2016 at 16:28hrs | 1 | by Bevan Musoko
Bond notes: When mere depositors debate
An interview Donald Trump is alleged to have had with People Magazine in 1998 quoted him as saying: "If I were to run [for US presidency], I'd run as a Republican. They're the dumbest group of voters ...Published: 26 Nov 2016 at 15:49hrs | 1 | by Nathaniel Manheru
Can the South African Rand rescue Zimbabwe's economy?
TENDAI Biti sits in his office in a leafy Harare suburb, contemplating another collapse of the Zimbabwean economy.Thanks to a chronic shortage of United States dollars, the country is running ...Published: 24 Nov 2016 at 08:22hrs | 11 | by Simon Allison
Airlines flying to Zimbabwe to accept bond notes
GLOBAL and regional airlines plying the Zimbabwe route are on board with respect to using bond notes, a top airlines official has said.Chairperson of the Board of Airlines Representatives ...Published: 11 Nov 2016 at 05:24hrs | 1 | by Staff reporter
'Bond notes to circulate till Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has said bond notes, which are due for introduction this month, will remain in circulation for as long as the country does not have its own official currency....Published: 04 Nov 2016 at 05:40hrs | 3 | by Staff reporter
Zimbabwe's bond notes stir memory of 500 million percent inflation
Zimbabwe's tentative return to its own currency is getting a hostile reception from citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation be...Published: 23 Oct 2016 at 11:35hrs | 1 | by Bloomberg
Plot to block US dollar use in Zimbabwe
THE United States has set in motion a plan to "collapse the Zimbabwean economy overnight" by restricting US dollar imports into the country, the Sunday Mail reported.Part of this plot invo...Published: 11 Sep 2016 at 12:56hrs | 1 | by Staff reporter
Makandiwa, 'rape accused' Magaya exposed
Two renowned 'prophets' Emmanuel Makandiwa and rape accused Walter Magaya have been accused of being 'driven by selfish interests' as they contradict each other on bond notes.Both men sa...Published: 30 Aug 2016 at 10:49hrs | 6 | by Thobekile Zhou
Prophet Makandiwa calls for Zimdollar return
Emmanuel Makandiwa, the United Family International Church (UFIC) founder and head, has called for the return of the local currency that was abandoned in early 2009 due to hyperinflation.Makan...Published: 29 Aug 2016 at 19:16hrs | | by Tatenda Dewa
'Zimbabwe not going rand route'
BANKING sector lending to the Small to Medium Enterprises sector has gone down by about 1,7 percent in the last three years as the country's biggest source of employment continues to receive the least...Published: 10 Jul 2016 at 09:51hrs | | by Roberta Katunga
Veteran Zimbabwean industrialist calls for rand adoption
Veteran industrialist Anthony Mandiwanza says Zimbabwe must adopt the South African rand as its official currency to help ease the current cash crisis and improve the manufacturing sector's compet...Published: 03 Jul 2016 at 19:35hrs | | by Staff reporter
Mugabe's vultures descend on London
Mugabe's Finance Minister Patrick Chinamasa has admitted that Zimbabwe is broke. 'Right now we have nothing', he said on a visit to France to beg for money. Asked in an interview with Radio France Int...Published: 03 Jul 2016 at 16:47hrs | 1 | by Zimbabwe Vigil
Zimbabwean urban areas embrace plastic money
Plastic money accounts for 80 percent of transactions in urban areas while transactions in multiple currencies have embraced by most most Government departments, parastatals and State-owned enterprise...Published: 26 Jun 2016 at 09:02hrs | 7 | by Staff reporter
Zimbabwean banks run out of Rand, Yuan and U.S dollars
Zimbabwe is experiencing serious shortages of the South African rand and Chinese yuan as the country attempted Monday to shift to these currencies to address the current critical shortages of cash, es...Published: 22 Jun 2016 at 07:27hrs | 1 | by VOA
Urgent indaba on civil servants pay date shift
THE Ministry of Public Service, Labour and Social Welfare has called for an urgent indaba tomorrow with officials from the Reserve Bank of Zimbabwe, Ministry of Finance, Civil Service Commission (CSC)...Published: 19 Jun 2016 at 12:21hrs | | by Tinomuda Chakanyuka and Dumisani Nsingo
Zimbabwe banks start rand, yuan withdrawals
Banks will start issuing the South African rand and seven other currencies on July 1, 2016 and will process Real Time Gross Settlements using that regime from tomorrow (Monday). Other currenci...Published: 19 Jun 2016 at 09:44hrs | 1 | by Kuda Bwititi
Zimbabwe cash crisis perspective
In my previous article titled "Dollarisation vs. Yuanisation: The Zimbabwe Dilemma" published on "Bulawayo24" in Jan 20...Published: 13 Jun 2016 at 10:20hrs | 1 | by Vusumuzi Moyo
Zimbabwe govt departments reject the rand
THE Government is formulating a framework to promote use of multiple currencies in its departments, municipalities and parastatals to reduce over-reliance on the United States dollar. The Rese...Published: 12 Jun 2016 at 08:48hrs | 5 | by Staff reporter
Zimbabwe tweaks multi currency regime
Government is urgently formulating a framework to promote use of multiple currencies in its departments, municipalities and parastatals to reduce over-reliance on the United States dollar.The ...Published: 12 Jun 2016 at 02:06hrs | 3 | by Kuda Bwititi
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