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Fuel smugglers flee to Botswana
POLICE have recovered 665 litres of petrol from illegal fuel dealers near Plumtree Border Post which is suspected to have been smuggled from Botswana. Matabeleland South provincial police spok...Published: 15 Nov 2019 at 06:16hrs | 400 | by Staff reporter
New notes, coins hit Bulawayo
EXCITED depositors yesterday flocked to their banking halls in Bulawayo to withdraw new notes and coins following the cash injection on Monday into the formal system by the Reserve Bank of Zimbabwe (R...Published: 14 Nov 2019 at 05:33hrs | 2090 | by Staff reporter
Huge demand for cash
Depositors, who formed long queues at banks and building societies, were withdrawing new coins and notes yesterday after the Reserve Bank of Zimbabwe (RBZ) released the first $30 million on Monday, bu...Published: 13 Nov 2019 at 06:25hrs | 745 | by Staff reporter
Long queues as Zimbabwe releases new bank notes, coins
New bank notes and coins finally hit the streets of Zimbabwe on Tuesday after a false start the day before, with depositors forming long queues at banks and ATMs. The new notes are part of Pre...Published: 12 Nov 2019 at 12:07hrs | 3367 | by Staff reporter
Hospital official up for ARV drugs theft
MVURWI District Hospital administrator Florence Makombe is in soup after she allegedly tried to steal a box of antiretroviral (ARV) drugs which were kept at her office due to lack of storage space at ...Published: 12 Nov 2019 at 07:23hrs | 456 | by Staff reporter
New notes and coins out today
Commercial banks collected $30 million of new notes and coins yesterday from the Reserve Bank of Zimbabwe and account holders should be able to start accessing their $300 weekly cash withdrawal ration...Published: 12 Nov 2019 at 07:10hrs | 312 | by Staff reporter
Cash withdrawals begin today
Commercial banks were collecting $30 million new notes and coins yesterday from the Reserve Bank of Zimbabwe (RBZ) and account holders should be able to start accessing their $300 weekly cash withdraw...Published: 12 Nov 2019 at 07:05hrs | 585 | by Staff reporter
Let's embrace new Zimbabwean dollar notes
WE welcome the roll out of the new Zimbabwe dollar five and two dollar notes, which begin circulating today and urge the nation to embrace them as the country takes another major step in its currency ...Published: 11 Nov 2019 at 06:24hrs | 1597 | by Staff reporter
Currency reforms can work if Zimbabweans want them to
YESTERDAY (November 11, 2019) the Reserve Bank of Zimbabwe (RBZ) started the process of injecting new notes into the financial system to improve the level of physical cash in circulation.This ...Published: 10 Nov 2019 at 08:55hrs | 781 | by Anthony Matutu
Does SB Moyo live on earth?
For those who may not remember, Sibusiso B. Moyo, (PhD) is the man who became the face of the November 2017 coup. As I write, after his spate with the United States ambassador, Brian Nichols, I am beg...Published: 10 Nov 2019 at 08:48hrs | 1132 | by Kenneth Mufuka
Mthuli Ncube attempts a Houdini act
Finance and Economic Development Minister Professor Mthuli Ncube this week unveils his second National Budget statement in which he is expected to announce far-reaching interventions to soothe a natio...Published: 10 Nov 2019 at 08:23hrs | 643 | by Staff reporter
Indian dealer kidnapped over forex
An Indian man accused swindling foreign currency dealers of US$765 000 is now claiming that he was kidnapped, forcibly bundled into a car boot and taken to an unknown place where he was assaulted....Published: 06 Nov 2019 at 17:56hrs | 1562 | by Staff reporter
Forex dealers lose US$765k to fraudsters
Eight currency dealers allegedly lost US$765 000 to suspected fraudsters in a botched illegal transaction in Harare last week. The alleged client, Munir Kamruddin Kazi, requested for United St...Published: 05 Nov 2019 at 06:37hrs | 1758 | by Staff reporter
'Cash injection to end bank queues'
THE move by the Reserve Bank of Zimbabwe (RBZ) to inject $1 billion new notes and coins by mid this month will ease cash shortages, economists have said. Bank queues had become a norm in Zimba...Published: 04 Nov 2019 at 05:54hrs | 888 | by Staff reporter
66 drug dealers arrested
POLICE have arrested 66 suspected drug dealers in Beitbridge and Mbare, leading to the recovery of an assortment of illicit drugs worth US$2 670. The recovered drugs included 167 sachets of methamphet...Published: 04 Nov 2019 at 05:46hrs | 446 | by Staff reporter
New Zimbabwe $2, $5 notes identity revealed
The government has gazetted the features of the new Zimbabwe dollar notes that are expected to be injected into the system in the coming days.Reserve Bank of Zimbabwe (RBZ) governor John Mangu...Published: 03 Nov 2019 at 06:52hrs | 17888 | by Staff reporter
The Zimbabwe dollar won't gain any confidence
Reserve Bank of Zimbabwe governor John Mangudya announced this week the introduction in a fortnight of new currency notes. Mangudya said the denominations, comprising of ZW$2 and ZW$5 notes and $2 bon...Published: 01 Nov 2019 at 06:47hrs | 1150 | by Faith Zaba
Zera to regulate LPG prices
THE Zimbabwe Energy Regulatory Authority (Zera) says modalities are being worked out to regulate LP gas prices to protect consumers from errant industry players. Despite rising demand on the b...Published: 01 Nov 2019 at 06:26hrs | 499 | by Staff reporter
US$ ghost haunts Zimbabwe
ZIMBABWE remains stuck in the shackles of "dollarisation" despite the government's move to end the multicurrency system after a decade.On June 24, through SI 142 of 2019 also known as Reserve ...Published: 29 Oct 2019 at 19:58hrs | 2390 | by Staff reporter
Bank cards crime soars
As the country's economic rot continues to deepen, police are warning the public about a sharp increase in crime relating to bank cards. This comes as Zimbabwe continues to experience serious ...Published: 29 Oct 2019 at 07:02hrs | 2075 | by Staff reporter
Zimbabwean sex slaves freed in SA
MORE than 30 Zimbabwean women suspected to be victims of human trafficking were rescued by South African police from brothels in eMalahleni, formerly Witbank, in Mpumalanga province where their captor...Published: 28 Oct 2019 at 06:37hrs | 1430 | by Staff reporter
Zimra cracks whip on staff
THE Zimbabwe Revenue Authority (Zimra) is cracking the whip on officers suspected of prejudicing the taxman millions of dollars in potential revenue, in the wake of reports of an elaborate illegal veh...Published: 23 Oct 2019 at 11:04hrs | 1692 | by Staff reporter
Immigration in all-female officers compliance operation at Beitbridge border
The Department of Immigration today launched an all-female enforcement and compliance operation dubbed "Good Morning Madam Immigration Officer" which seeks to clamp down on illegal immigrants, touts, ...Published: 22 Oct 2019 at 15:46hrs | 4504 | by Staff reporter
Mthuli Ncube to pull a few tricks to stabilise the exchange rate
The government will pull a few tricks up its sleeves soon to stabilise the exchange rate as part of a broader task of creating a viable environment for business, Business Times reported.A team...Published: 18 Oct 2019 at 17:35hrs | 13031 | by Staff reporter
SA taxi associations terrorising Zimbabwean immigrants in Pretoria
"We are living in fear. We do not know when they will strike next," says Ashley Johnson.Johnson, a Zimbabwean living in Pretoria, is nursing wounds after being attacked last week at a shop by ...Published: 15 Oct 2019 at 18:43hrs | 1313 | by Kimberly Mutandiro, GroundUp
Zimdollar crashes further
THE Zimbabwean dollar this week continued its downward spiral after a momentary lull last week following the central bank moved to freeze bank accounts of companies believed to be exerting downward pr...Published: 15 Oct 2019 at 18:39hrs | 737 | by Staff reporter
RBZ clarifies position on forex withdrawals
THE withdrawal of individual free funds remains permissible in hard currency and the funds can be retained in Foreign Currency Accounts (FCA) indefinitely as rules have not changed, the Reserve Bank o...Published: 12 Oct 2019 at 10:27hrs | 1619 | by Staff reporter
Fake seed warning
FARMERS have been warned against buying counterfeit maize seed at a time when official seed shops have increased prices. The Ministry of Agriculture, Lands and Rural Settlement has said farmer...Published: 10 Oct 2019 at 06:40hrs | 231 | by Staff reporter
Paradigm shift should anchor our new trajectory
More often than not, action speaks louder than words. Zimbabwe finds herself in a situation wherein the major political actors have been very long on talk but, unfortunately, extremely short on action...Published: 09 Oct 2019 at 06:56hrs | 225 | by Obert Chaurura Gutu
Zimbabwean launches first ever African-made car
Mr.Tatenda Mungofa is on the verge of making history as him and his colleagues are about to launch the first ever African-made car the Mureza Prim8.The Mureza hub is situated in Kempton Park, ...Published: 07 Oct 2019 at 17:01hrs | 44863 | by Daniel Itai
Mobile money transactions surge 108%
POSTAL and Telecommunications Regulatory Authority of Zimbabwe (Potraz) says mobile operators experienced an increase in volume and value of mobile money transactions with cash-in transactions surging...Published: 07 Oct 2019 at 09:30hrs | 1157 | by Staff reporter
Jail term for illegal forex dealers gazetted
Trading in any currency, which is not the Zimbabwe dollar, now attracts a fixed $6 000 fine and failure to pay the fine will result in the person involved being jailed. The new rules, gazetted...Published: 05 Oct 2019 at 05:47hrs | 28 | by Staff reporter
Our top tips for buying a car
Buying a car isn't easy. It's a big investment for most people, and if this is your first car, you might be feeling overwhelmed with all the information. There is a lot of paperwork involved and addit...Published: 04 Oct 2019 at 13:30hrs | 616 | by Staff Writer
Petrotrade declares $1.5 million dividend
Government-owned oil company, Petrotrade declared a $1.56 million dividend at the end of its 2018 financial year after managing to improve its profitability during the period, the company said on Thur...Published: 03 Oct 2019 at 19:51hrs | 59 | by Staff reporter
RBZ clamps down on illegal cash deals
THE Reserve Bank of Zimbabwe has banned with immediate effect all cash-in, cash-out and cash-back transactions, which were used by some dealers to extort cash from members of the public. Furth...Published: 01 Oct 2019 at 06:34hrs | 720 | by Staff reporter
Mnangagwa calls on churches to lead in unifying nation
PRESIDENT Mnangagwa has urged the church to take a leading role in unifying the country to ensure the achievement of development goals set out by his administration. In an address at the Gospe...Published: 30 Sep 2019 at 06:39hrs | 230 | by Staff reporter
Mnangagwa passes law to jail osiphatheleni
PRESIDENT Mnangagwa has gazetted Statutory Instrument 213 of 2019 that amended the Exchange Control Act of 2019 which will see individuals and companies transacting in any other currency other than th...Published: 29 Sep 2019 at 12:39hrs | 2615 | by Staff reporter
Zacc, RBZ hunt down currency manipulators
The Zimbabwe Anti-Corruption Commission (Zacc) has opened investigations into companies and individuals who are understood to be illegally manipulating the exchange rate for selfish gains.Sepa...Published: 29 Sep 2019 at 12:12hrs | 469 | by Staff reporter
RBZ, Zacc hunt down currency manipulators
The Zimbabwe Anti-Corruption Commission (Zacc) has opened investigations into companies and individuals who are understood to be illegally manipulating the exchange rate for selfish gains.Sepa...Published: 29 Sep 2019 at 11:42hrs | 3805 | by Staff Reporter
Zimbabwe enforces exclusive use of Zimdollar for domestic transactions
Government has reinforced legislation which formalised the use of local currency by empowering the Reserve Bank of Zimbabwe (RBZ) to issue civil penalties for contravention and also applying criminal ...Published: 28 Sep 2019 at 19:27hrs | 5140 | by Staff reporter
Zimdollar depreciates further
THE Zimbabwean dollar this week continued its downward spiral after a momentary lull last week after the central bank moved to freeze bank accounts of companies believed to be exerting downward pressu...Published: 27 Sep 2019 at 07:42hrs | 1418 | by Staff reporter
Xenophobia: South Africa's Aha moment!
I love radio! I have done so since I could listen to my mum's voice while I was in her stomach. Not the loud music. Neither the childishly gurrolous disc jockeys on some frequencies. I...Published: 27 Sep 2019 at 06:36hrs | 695 | by Josiah Mucharowana
Govt vows to close forex loopholes
Government will continue to monitor the architecture of the country's financial system to close all loopholes that unscrupulous dealers could use to manipulate the exchange rate, Finance and Economic ...Published: 26 Sep 2019 at 06:55hrs | 456 | by Staff reporter
Let us not kill the last surviving black companies
It is our black government that was behind the death of Olivine, willowvale, cottco, NRZ, Barbican, just to name a few. We do not want the same to happen to Sakunda and Croco Motors. The Minister of F...Published: 26 Sep 2019 at 06:46hrs | 264 | by Engineer Jacob Kudzayi Mutisi
Zimdollar plunges after weekend gains
The value of the Zimbabwe dollar yesterday plunged against the United States dollar after stabilising at the weekend following the Reserve Bank of Zimbabwe (RBZ)'s decision to freeze bank accounts of ...Published: 25 Sep 2019 at 20:11hrs | 1111 | by Staff reporter
'Mnangagwa must intervene on price madness'
ZANU-PF loyalist and Bulawayo United Residents Association (BURA) chairperson Winos Dube has called on President Emmerson Mnangagwa to intervene and arrest the prices madness prevailing in the country...Published: 25 Sep 2019 at 20:07hrs | 84 | by Staff reporter
Sakunda & sister companies are still under RBZ sanctions
Sakunda Holdings and sister companies are still under RBZ sanctions contrary to social media reports that suggested otherwise. The RBZ froze bank accounts of four large companies that include ...Published: 25 Sep 2019 at 19:59hrs | 107 | by Staff reporter
'Zimdollar devaluation exaggerated'
THE appropriate exchange rate between the Zimbabwean dollar and the United States dollar should hover around US$1:ZWL$5,6 based on "founded quantitative estimates", Finance and Economic Development Mi...Published: 24 Sep 2019 at 07:50hrs | 782 | by Staff reporter
Mthuli Ncube speaks on approximate exchange rate
THE appropriate exchange rate between the Zimbabwe dollar and the United States dollar should hover around US$1: ZWL$5,6 based on "founded quantitative estimates", Finance and Economic Development Min...Published: 24 Sep 2019 at 07:46hrs | 1629 | by Staff reporter
Forex speculators hit hard
Currency speculators who, last week, disposed of their Zimbabwean dollars for the US dollar at very high exchange rates with the expectation that the local currency will plunge further, are counting t...Published: 24 Sep 2019 at 07:40hrs | 1125 | by Staff reporter
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