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192 Zimbabweans refused entry into South Africa
MORE than 107 000 people used Sadc's busiest port of entry and exit, Beitbridge Border Post between Sunday and Friday last week, a 1,6 percent increase from last year during the Easter holidays....Published: 7 hrs ago | 2334 | by Staff reporter
Temba Mliswa talks tough on NRZ managers
Norton Member of Parliament Temba Mliswa has blasted Senior managers at the National Railways of Zimbabwe (NRZ) who are alleged tobe trampling on and changing through the back door the terms and condi...Published: 18 Apr 2019 at 16:05hrs | 1806 | by Mandla Ndlovu
Cement shortage chokes construction industry
ZIMBABWE'S construction industry contracted by 6,3% percentage points last year due to acute cement shortages and unsustainable prices of construction materials, a Treasury report has shown.Ac...Published: 12 Apr 2019 at 06:45hrs | 192 | by Staff reporter
Youth poverty and unemployment: Revisiting the January 14 violent protests
The violent disturbances that rocked Harare and other major cities in August 2018 and January 2019 saw an unprecedented numbers of youths participating. To ignore the reasons why these young people to...Published: 05 Apr 2019 at 11:24hrs | 482 | by Brightface Mutema
Top casino software providers drive industry growth
The casino industry is booming these days. Rapid expansion across the United States and around the world in new regulated markets are two ma...Published: 28 Mar 2019 at 14:36hrs | 827 | by Tech Reporter
Government stops licensing fuel dealers
The Zimbabwe Energy Regulatory Authority (ZERA) has announced that it has ceased licensing new players who want to engage in the business of importing fuel into the country. A Press rele...Published: 28 Mar 2019 at 10:59hrs | 2732 | by Mandla Ndlovu
'US$45m traded on the interbank forex market over past 3 weeks'
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says US$45 million has been traded over the past three weeks of the interbank forex market, a 25% increase in the average weekly trades compar...Published: 28 Mar 2019 at 07:24hrs | 964 | by Staff reporter
Zimbabwe banks must support the interbank trading
THE interbank market, revived by the Reserve Bank of Zimbabwe (RBZ) recently, has gotten off to a slow start because the majority - if not all the banks - are still in the process of putting their sys...Published: 24 Mar 2019 at 14:11hrs | 522 | by Andrew Lampard
Fuel shortages worsen
MOTORISTS here have for the past week endured stock outs of fuel supplies, indicating a worsening fuel situation in the petroleum industry.So bad has been the situation that even the pump stat...Published: 22 Mar 2019 at 16:23hrs | 940 | by Staff reporter
Zimbabwe: A land of squandered potential
I well remember sitting in the AFP bureau in Harare at dusk on November 21, 2017 and hearing the first whoop of delight in the street outside when Robert Mugabe was finally ousted, an extraordinary mo...Published: 17 Mar 2019 at 08:56hrs | 812 | by Ben Shepherd
Mthuli Ncube should learn from Masiyiwa
Finance minister Mthuli Ncube's United States jaunt last week was always expected to yield what it yielded - an empty basket. It's no rocket science.In an article published in this column last...Published: 15 Mar 2019 at 17:08hrs | 4412 | by Brett Chulu
The amazing history behind live casino games
During the last decade, revolutionary new casino technology has made all the difference in the online casino industry. Someone came up with the idea to feed the so-called "social hunger" that casino a...Published: 13 Mar 2019 at 08:53hrs | 786 | by Staff Reporter
Chinamasa's wife implicated in tobacco cartels
THE Tobacco Association of Zimbabwe (TAZ) yesterday alleged corruption in the tobacco industry, with Tobacco Industry Marketing Board (TIMB) board chairperson Monica Chinamasa's name coming out promin...Published: 13 Mar 2019 at 06:59hrs | 1144 | by Staff reporter
Mangudya grilled over RTGS$, US rate disparity
RESERVE Bank of Zimbabwe Governor John Mangudya was on Thursday grilled in Parliament over disparities between the official United States dollar rates of 1:2,5 and the parallel market rate of 1:3,6 re...Published: 09 Mar 2019 at 12:27hrs | 3263 | by Staff reporter
Bakers debunk 100% local wheat bread
INDUSTRY experts have roundly discredited the proposal presented to Cabinet last week by a Gweru farmer who claimed that he could produce a standard loaf of bread using locally-produced wheat alone....Published: 08 Mar 2019 at 10:24hrs | 943 | by Staff reporter
Fuel shortages to ease by month-end: Mangudya
RESERVE Bank of Zimbabwe governor John Mangudya yesterday said the current fuel shortages will ease by end of the month, attributing the problem to delays in the processing of lines of credit (LCs) an...Published: 08 Mar 2019 at 07:01hrs | 1030 | by Staff reporter
Millers threaten to sue ZBC scribe over report
THE Grain Millers Association of Zimbabwe (GMAZ) has written to the Zimbabwe Broadcasting Corporation (ZBC) senior journalist Judith Makwanya disputing a televised report that milling companies were s...Published: 06 Mar 2019 at 05:51hrs | 856 | by Staff reporter
Mliswa spills the beans on stealing Minister
Norton Member of Parliament Temba Mliswa has accused Environment, Tourism and Hospitality Industry minister Prisca Mupfumira of stealing NSSA funds and using them to control ZANU PF officials li...Published: 05 Mar 2019 at 09:56hrs | 7391 | by Mandla Ndlovu
Senior govt officials to buy own vehicles
The government has moved in to reduce expenditure emanating from the purchase and maintenance of government vehicles by introducing the public service vehicle loan scheme.The public service ve...Published: 04 Mar 2019 at 19:42hrs | 2850 | by Staff reporter
Foreign investors can finally take money out of Zimbabwe
Foreign investors on the Zimbabwe Stock Exchange are likely to take a huge foreign exchange loss on their investments, but at least they can now have their money back following a new directive by the ...Published: 04 Mar 2019 at 19:33hrs | 5370 | by Staff reporter
Can the interbank FX market end the black market?
The recent monitory policy statement announcement by the Reserve Bank of Zimbabwe (RBZ) paved way for the re-introduction of the Interbank Foreign Exchange market as recommended by industry captains w...Published: 04 Mar 2019 at 10:09hrs | 2335 | by Victor Bhoroma
RTGS dollar poser for listed firms
LISTED agro-concern TSL Limited says it will delay publishing its audited financial results for the year ended October 31, 2018 pending guidance from the Public Accountants and Auditor's Board (PAAB) ...Published: 03 Mar 2019 at 11:01hrs | 945 | by Staff reporter
'Zimbabwe sliding back to 2008'
ZANU PF legislator and Zimbabwe Cross-Border Traders' Association (ZCBTA) chairperson, Killer Zivhu has slammed the move by the Reserve Bank of Zimbabwe (RBZ) to introduce bureau de changes, saying th...Published: 27 Feb 2019 at 06:41hrs | 1719 | by Staff reporter
4 illegal forex dealers freed on bail
FOUR suspected illegal foreign currency dealers arrested in a weekend police blitz in Marondera were brought to court on Monday and granted $50 bail each.Rutendo Mudzimurema (31), Stephania Go...Published: 27 Feb 2019 at 06:36hrs | 328 | by Staff reporter
24 suspected illegal forex dealers in court
Police have intensified a crackdown on illegal foreign currency dealers under an operation code-named "Dzosai Mari" and 24 suspected dealers appeared at the Harare Magistrates' Courts between Friday a...Published: 27 Feb 2019 at 06:28hrs | 503 | by Staff reporter
Zimbabwe limits U.S. dollar sales to foreign payments only
Zimbabwe's commercial banks are under orders to restrict U.S. dollar transactions to companies and individuals with foreign payments to make, according to a central bank directive that demonstrates th...Published: 27 Feb 2019 at 06:24hrs | 659 | by Reuters
Forex parallel market bullish
FOREIGN currency parallel market traders are unfazed by the introduction of the interbank market auction of the real time gross settlement dollars (RTGS$) and have continued trading on the streets wit...Published: 25 Feb 2019 at 08:16hrs | 2670 | by Staff reporter
Mzembi puts $2m mansion for sale
Former Cabinet Minister Walter Mzembi has put his palatial Harare mansion on the market for a princely $2 million amid speculation the 55-year-old politician is finalising moves to flee the country to...Published: 24 Feb 2019 at 06:37hrs | 1648 | by Staff reporter
Can Zimbabwe learn from history, the pain of yesteryear?
CENTRAL bank opens up currency trading, reads a headline in a State-owned daily newspaper. The Reserve Bank of Zimbabwe (RBZ) has liberalised the foreign currency market by introducing an interbank tr...Published: 23 Feb 2019 at 06:24hrs | 758 | by Editorial - newsday
Zimbabwe forex dealers struck by fear
Illegal foreign currency (forex) dealers were on tenterhooks yesterday as they weighed their options in the wake of new measures by the RBZ that seek to eradicate parallel market activities. ...Published: 22 Feb 2019 at 10:37hrs | 13681 | by Staff reporter
Mangudya says 'I am guilty as charged' on bond notes
THE ZIMBABWE central bank governor Dr John Mangudya has admitted prejudicing the country’s exporters by exchanging their US dollar earnings at parity with the local bond note, when rates on the para...Published: 22 Feb 2019 at 09:22hrs | 6606 | by Staff reporter
Bond note, RTGS model didn't fail, says Mangudya
Following the announcement of the Monetary Policy Statement (MPS) by Reserve Bank of Zimbabwe governor John Mangudya (JM) this week that effectively liberalised the exchange rate between the US dollar...Published: 22 Feb 2019 at 09:16hrs | 1202 | by Staff reporter
Zimbabwe black market forex rate should drop to 60%
THE eagerly anticipated Monetary Policy Statement (MPS) for 2019 was finally delivered by the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday this week, the same day the budget stat...Published: 22 Feb 2019 at 09:09hrs | 2095 | by Brett Chulu
'Zimbabwe banks join in money laundering fight'
CENTRAL bank governor John Mangudya says local banks have reached acceptable levels in the implementation of Money Laundering and Proceeds of Crime Act requirements.Government put in place the...Published: 22 Feb 2019 at 09:07hrs | 832 | by Staff reporter
Isuzu bakkies are a favourite in Zimbabwe
Zimbabweans love their bakkies. In fact, it is safe to say that Zimbabweans love their Isuzu bakkies - in particular, the Isuzu Double Cab bakkie, ...Published: 19 Feb 2019 at 16:52hrs | 2485 | by Staff reporter
Mnangagwa losing war on money changers
Despite introducing a heavy penalty aimed at deterring would-be offenders, government is losing the war on illegal money changers in Harare as they are now fully back on the streets operating openly....Published: 19 Feb 2019 at 13:50hrs | 9801 | by Staff reporter
Black market forex rates fairly stable since January
BLACK market foreign currency exchange rates have remained fairly stable for almost two months with dealers attributing the trend to a reduction in demand.A random assessment by NewZimbabwe.co...Published: 18 Feb 2019 at 07:14hrs | 2345 | by newzimbabwe
4 armed robbers in army uniform arrested
FOUR suspected armed robbers who allegedly targeted businesses in Harare, Chegutu and Chinhoyi and made off with more than $200 000 cash, appeared at the Harare Magistrates' Court on Friday charged wi...Published: 18 Feb 2019 at 07:03hrs | 1021 | by Staff reporter
How cryptocurrencies can rescue Zimbabwe
On September 17, 2018 media houses were abuzz with the news that the then newly appointed Finance minister Mthuli Ncube was considering cryptocurrencies as an option for Zimbabwe's economic turnaround...Published: 17 Feb 2019 at 08:00hrs | 980 | by Masotsha Charles Matlobo
Mnangagwa sued over fuel price hikes
PROGRESSIVE Teachers' Union of Zimbabwe (PTUZ) has petitioned the High Court seeking an order to reverse last month's 150% fuel price hike made by President Emmerson Mnangagwa, arguing that the move w...Published: 12 Feb 2019 at 07:51hrs | 5427 | by Staff reporter
Army uniform saga: Suspect in U-turn
A SUSPECTED protestor who initially told prosecutors during vetting for initial appearance at the Harare Magistrates' Courts that he was given army uniform at the Zanu PF headquarters, yesterday chang...Published: 12 Feb 2019 at 07:33hrs | 1125 | by Staff reporter
'Zanu-PF gave us army uniforms'
A Harare man has told a court that he got a military uniform he used to terrorise residents from the Zanu-PF headquarters in a case that might shed some light on recent disturbances that rocked the co...Published: 10 Feb 2019 at 06:16hrs | 3757 | by Staff reporter
Soldier in court for robbing forex dealers
A 29-YEAR-OLD serving Zimbabwe National Army officer yesterday appeared before a Harare magistrate facing two counts of robbery after he teamed up with two accomplices to rob foreign currency dealers ...Published: 08 Feb 2019 at 08:43hrs | 612 | by Staff reporter
Pupils selling drugs at school
ZIMBABWE National Association of Mental Health (ZNAMH) has revealed that children as young as nine and 10 around the country are selling drugs in primary schools.The association conducted a re...Published: 06 Feb 2019 at 21:32hrs | 1119 | by Staff reporter
Number plates shortage: Temporary Identification Cards to work as number plates
VEHICLE importers who have been unable to register them owing to shortages of number plates should obtain Temporary Identification Cards (TICs) for indefinite use, as Government works on addressing th...Published: 04 Feb 2019 at 22:39hrs | 596 | by Staff reporter
The night Zimbabwean journalist was killed in South Africa
A State witness has told the Gauteng High Court in Johannesburg of the events that unfolded the night that journalist and fixer Godknows Nare was gunned down in Florida, west of Johannesburg.I...Published: 30 Jan 2019 at 18:46hrs | 1909 | by Staff reporter
Zimbabwe frets over looted drugs
THE Government has warned people against buying and using prescribed drugs and other pharmaceutical items that were looted when pharmacies were broken into during the violent stay away recently, sayin...Published: 27 Jan 2019 at 19:04hrs | 189 | by Staff reporter
Zanu-PF youths raid Kwekwe money changers
ZANU-PF youths over the weekend allegedly unleashed an orgy of violence on suspected illegal money changers in Kwekwe's central business district. The restive youths got away with various amounts in f...Published: 22 Jan 2019 at 08:47hrs | 831 | by Staff reporter
Mnangagwa will never change his spots
Tinashe Chidzonga, 31, is one of the many Zimbabweans who took to the streets in November 2017 to celebrate the ouster of former Zimbabwe strongman and President Robert Mugabe.To Chidzonga it ...Published: 22 Jan 2019 at 08:44hrs | 730 | by Fin24
SA Hawks arrest car thief, smuggling suspect
THE Hawks have arrested a second suspect believed to be part of a racket stealing vehicles from South Africa and smuggling them to other countries via Zimbabwe. It is understood that most of the stole...Published: 21 Jan 2019 at 08:15hrs | 331 | by Staff reporter
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