Search / Currency speculators
Zimbabwe currency speculators cornered?
THE retreat of the recent inflation spiral is expected to accelerate, and purchasing power increase in light of recent pay rises without matching price rises, as speculative market forces are being co...Published: 15 Aug 2022 at 06:38hrs | | by Staff reporter
Econet cuts physical airtime sales to 10%
ECONET Wireless Zimbabwe has reduced physical airtime sales to 10 percent in line with the Reserve Bank of Zimbabwe directive regarding the phasing out of physical airtime distribution by mobile netwo...Published: 08 Aug 2022 at 05:43hrs | 2 | by Staff reporter
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 1 | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 5 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 123 | by Staff Reporter
Mnangagwa unleashes Financial Intelligence Unit on currency speculators
President Emmerson Mnangagwa has reportedly instructed securocrats to work closely with the Financial Intelligence Unit to root out currency saboteurs.Sources privy to the Monday security brie...Published: 26 Apr 2022 at 16:24hrs | 17 | by Nkosana Maphosa
'No fix to illegal forex trade'
PRESIDENT Emmerson Mnangagwa says his administration has no immediate solution to dealing with illegal foreign currency trade despite admitting its role in the economic crisis.Last week, offic...Published: 22 Jul 2019 at 08:14hrs | | by Staff reporter
Punish currency speculators, says Eddie Cross
Economist and former MDC official Mr Eddie Cross says Zimbabwe's economic fundamentals are now sound and there is no need for speculators to continue with their wayward behaviour on the foreign curren...Published: 13 Jun 2019 at 07:06hrs | 1 | by Staff reporter
Is Tobin tax regime helpful?
Against the backdrop of the ongoing debate and rhetoric about the recently proposed 2% transaction tax which was announced by Finance minister Mthuli Ncube, ostensibly to widen Zimbabwe's tax base....Published: 09 Nov 2018 at 06:21hrs | | by Colls Ndlovu
Woe unto enemies of Mnangagwa's 2nd Republic
THE country faces threats from enemies of the Second Republic who want to frustrate Government efforts to turn around the economy and lead Zimbabweans to a prosperous future. The enemies of the Second...Published: 23 Oct 2018 at 06:17hrs | | by Nduduzo Tshuma
Mnangagwa unleashes CIO on cash barons
FINANCE minister Mthuli Ncube will this week meet with the country's State security agents for a briefing on the soaring foreign currency shortages as government tightens the noose on highly-placed fo...Published: 22 Oct 2018 at 06:44hrs | 1 | by Staff reporter
Black market dragnet targets bigwigs
President Emmerson Mnangagwa will invoke the Presidential Powers (Temporary Measures) Act to introduce tough regulations to bring currency manipulators to book.In his ...Published: 21 Oct 2018 at 15:29hrs | 2 | by Staff reporter
Tackling the Zimbabwe black market
As we work towards improving and stabilising the flow of foreign exchange into the productive sector, we must at the same time ensure and enforce discipline in the market.This means everyone m...Published: 21 Oct 2018 at 15:26hrs | 2 | by President Emerson D. Mnangagwa
Mnangagwa warns black market currency speculators
President Emmerson Mnangagwa has indicated that he has instructed the Attorney General and the Minister of Justice to urgently create laws that will be implemented under his presidential powers to dea...Published: 21 Oct 2018 at 15:17hrs | 4 | by Staff reporter
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