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Zimbabwean bankers sweat over forex crackdown
Zimbabwean bankers are fretting over compliance with government directives to root out "illegal foreign currency dealings, with the country's biggest bank, CBZ, cautioning its employees against facili...Published: 17 Oct 2021 at 09:05hrs | 900 | by Staff reporter
Why Zanu-PF is under siege
If Africans knew even half their history, they would understand the reason why they continue to stew in poverty, misery and disillusion while other parts of the world are swimming in prosperity, happi...Published: 17 Oct 2021 at 08:59hrs | 258 | by Bishop Lazi
Zanu-PF MP calls Martin Dinha a 'thief'
NATIONAL Railways of Zimbabwe (NRZ) chairperson Martin Dinha, has been called a "thief" who is busy stripping the state-owned entity's assets for resell and thereby reversing the gains of Zimbabwe's l...Published: 15 Oct 2021 at 06:20hrs | 1393 | by Staff reporter
Zesa promises to improve electricity supply
Electricity supplies are set to improve soon as Zesa completes a cocktail of interventions to end the major load shedding that has hit residential areas hard and has even affected industrial areas alt...Published: 14 Oct 2021 at 06:22hrs | 147 | by Staff reporter
'Forex rentals at blackmarket rates illegal'
PROPERTY owners and managers demanding rentals in foreign currency, without giving tenants an option to pay the equivalent in local currency using the auction rate, risk being arrested as the fight ag...Published: 14 Oct 2021 at 06:21hrs | 797 | by Staff reporter
Zimbabwe in new electricity import deals
Zimbabwe is negotiating for new power supply deals with Zambia and Mozambique, which could see the country importing additional 280 megawatts from the two countries, Energy and Power Development Minis...Published: 13 Oct 2021 at 06:09hrs | 459 | by Staff reporter
Zimbabwe isn't any different - even at school we had those who celebrated failure!
I am sure we all remember those school days - with all the craziness of youth.Surely, who can forget those ever-present mind boggling scenes of pupils who would helplessly weep in agony, after...Published: 10 Oct 2021 at 17:29hrs | 3086 | by Tendai Ruben Mbofana
Mnangagwa surrounded by dodgy characters
ALMOST four years after getting into power, riding on the narrative of removing criminals that had surrounded the then president Robert Mugabe, President Emmerson Mnangagwa's circle of associates and ...Published: 09 Oct 2021 at 07:36hrs | 3408 | by Staff reporter
Rautenbach enjoys Zanu-PF links
MULLER Conrad "Billy" Rautenbach is one of the most controversial business moguls in Zimbabwe, with several legal challenges against him and his company Green Fuel. Rautenbach, who is into vast mining...Published: 09 Oct 2021 at 07:35hrs | 1993 | by Staff reporter
Land developer acquitted in bribery case
HIGH Court judge Justice Tawanda Chitapi has dismissed bribery charges levelled against property developer Felix Munyaradzi.Munyaradzi, who is chief executive officer of Delatfin Civil Enginee...Published: 09 Oct 2021 at 07:30hrs | 209 | by Staff reporter
Belarus elites' golden deals with Mnangagwa
IN MARCH 2018, Belarus' autocratic President Alexander Lukashenko dispatched his right-hand man Viktor Sheiman to Zimbabwe to negotiate trade and business deals on the government's behalf.Shei...Published: 09 Oct 2021 at 07:25hrs | 238 | by Staff reporter
Rushwaya emerges in the thick of shady Zimbabwe military dealings
FOR long, Martin Rushwaya was the military's point man in its multi-million-dollar commercial ventures, as the permanent secretary in the Defence ministry from 2009 until 2019.In April 2019, P...Published: 09 Oct 2021 at 07:24hrs | 409 | by Staff reporter
Viktor Sheiman's son secretly mines gold in Zimbabwe
IN March 2018, Viktor Sheiman, the then head of the Property Management Directorate of Belarusian President Alexander Lukashenko, paid an official visit to Zimbabwe where he and Mines minister Winston...Published: 09 Oct 2021 at 07:23hrs | 387 | by Staff reporter
Africa stuck in generational curse
WHOEVER bewitched African leaders probably perished at Nagasaki in 1945, many years before the Organisation of African Unity (OAU) was founded in 1963. That person, alongside his tools of trade and hi...Published: 08 Oct 2021 at 19:02hrs | 117 | by Sapien Sapien
Big Zimbabwean companies are fingered in forex fiddle
TOP executives and directors from up to 20 big companies face imminent arrest following a Reserve Bank of Zimbabwe (RBZ) investigation into massive multi-million-dollar fraud involving the country's f...Published: 08 Oct 2021 at 18:58hrs | 875 | by Staff reporter
Govt threatens crackdown on businesses fuelling forex black market
GOVERNMENT has threatened to suspend operating licences for business entities manipulating the official foreign currency rate, thus fuelling the high parallel market exchange rate.In a stateme...Published: 08 Oct 2021 at 06:32hrs | 500 | by Staff reporter
Currency manipulators on the prowl
CURRENCY manipulation by businesses setting their Zimbabwe dollar prices to black-market exchange rates, has reached levels where some shops are pricing their goods and services using illegal rates ra...Published: 08 Oct 2021 at 06:25hrs | 168 | by Staff reporter
Mthuli, Mangudya target Innscor over iIllegal forex rates
THE Reserve Bank of Zimbabwe (RBZ) and Finance Minister are investigating Innscor and other companies using illegal exchange rates of as high as US$1: $200.This follows a public outcry Wednesd...Published: 07 Oct 2021 at 18:25hrs | 1158 | by Staff reporter
5 things new startups should know for 2022
Despite its appeal, starting your own business and actually running it will always be a difficult prospect; it is a lot easier said than done, and a worryingly ...Published: 06 Oct 2021 at 12:57hrs | 381 | by Staff Writer
RBZ names another 47 over illegal currency deals
Another 47 people were blacklisted yesterday by the Reserve Bank of Zimbabwe for operating on the foreign currency black market, taking to 77 the number of people whose bank and mobile money accounts ...Published: 06 Oct 2021 at 05:51hrs | 6272 | by Staff reporter
Cultivate succession culture in Zanu-PF
DEAR President Emmerson Mnangagwa.Your Excellency, your gift of longevity is a demonstration of the generosity God has for you. Given that the average lifespan stands well below half your age,...Published: 06 Oct 2021 at 05:50hrs | 573 | by Cyprian M Ndawana
Forex abusers, money laundering kingpins not deterred by arrests
Foreign currency abusers and money laundering kingpins continue to defy the law despite recent arrests, a situation that has resulted in the eroding of incomes and unnecessary suffering.The ex...Published: 06 Oct 2021 at 05:46hrs | 925 | by Staff reporter
Illegal forex dealers launch bail appeals
LAWYERS representing companies and individuals accused of involvement in illicit foreign currency trading are launching bail appeals at the High Court.The illegal foreign currency deals saw ov...Published: 06 Oct 2021 at 05:45hrs | 221 | by Staff reporter
Prophet Isaiah Brian Sovi strikes again...foretells Pandora Papers leak
Prominent Televangelist and Prophet Isaiah Brian Sovi prophesied the leaking of the Pandora Papers which have caused brouhaha all over the world. A Facebook post from his official page reveal ...Published: 05 Oct 2021 at 15:50hrs | 1907 | by Mandla Ndlovu
Illegal forex dealers denied bail
COMPANIES and individuals alleged to have been involved in illegal foreign currency deals that saw over $1,5 billion being transacted on the parallel market within six months, were yesterday denied ba...Published: 05 Oct 2021 at 06:29hrs | 181 | by Staff reporter
Crack team set up for mobile money crime
A crack team of 15 experienced prosecutors has been set up to work with seasoned investigators to come up with watertight dockets and so effectively prosecute economic saboteurs abusing mobile money p...Published: 04 Oct 2021 at 05:47hrs | 391 | by Staff reporter
Roki signs landmark deal with South African telecoms giants
Zimbabwean man of the moment Roki has bagged two major endorsement deals with MTN and Vodacom through his latest hit song Screenshot.Roki has become the first Zimbabwean artist to clinch a hug...Published: 03 Oct 2021 at 08:36hrs | 6317 | by Staff reporter
Sadc ignores Zimbabwe 'crisis'
SADC has not responded to a plea by Zimbabwean civil society organisations (CSOs) which last month petitioned the organ to intervene and order President Emmerson Mnangagwa to, among other things, call...Published: 03 Oct 2021 at 08:17hrs | 762 | by Staff reporter
Illegal forex dealers move $1,5 billion in six months
EIGHT companies allegedly handled transactions valued over $1,5 billion in illegal foreign currency deals that involved transferring huge amounts of money from corporate bank accounts into mobile mone...Published: 03 Oct 2021 at 08:10hrs | 204 | by Staff reporter
Mnangagwa says Zimbabwe won't sacrifice our economic gains
THE Second Republic is paying tribute to heroes of the liberation struggle by growing the economy and progress made on economic development should not be sacrificed on account of narrow interests, Pre...Published: 03 Oct 2021 at 08:09hrs | 62 | by Staff reporter
Inkotha sihlangu, uMqeqenshi uMthuli Ncube uthi uMnangagwa yiNkosi yakhe!
I have always thought bootlicking is done by people with little or without education at all. To see a professor who has served in highest international institutions such as London School of Economic a...Published: 01 Oct 2021 at 20:04hrs | 1337 | by Nomazulu Thata
Health personnel exodus hits public hospitals
HEALTH workers, particularly nurses, are deserting public health institutions in droves amid a surge in demand for their skills abroad in a development that has further plunged Zimbabwe's healthcare s...Published: 01 Oct 2021 at 08:00hrs | 882 | by Staff reporter
Mthuli's Mnangagwa bootlicking remarks spark outrage
BULAWAYO rights groups have reacted angrily over utterances on Wednesday by Finance minister Mthuli Ncube to the effect that President Emmerson Mnangagwa was the best boss ever, saying Ncube was exhib...Published: 01 Oct 2021 at 07:56hrs | 541 | by Staff reporter
Chinese investors behaviour irks LEAD party
Labour Economists and Afrikan Democrats (LEAD) President Linda Masarira has expressed concerns over the behaviour of the Chinese investors in Zimbabwe and urged authorities to consider Zimbabwea...Published: 30 Sep 2021 at 13:49hrs | 792 | by Stephen Jakes
Who is causing parallel market rates to spike?
FOR the past 18 months, Zimbabwe's economy has been on a rebound, assisted by a stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector p...Published: 30 Sep 2021 at 07:20hrs | 955 | by Dr Tim Rainhard
Rwanda keen on Zimbabwean teachers
Rwandan President Paul Kagame has said Zimbabwe and his country share a common history that gives impetus to current efforts to develop the two countries and consolidate existing relations.The...Published: 30 Sep 2021 at 07:12hrs | 547 | by Staff reporter
How was Torino's transfer summer?
Summer is active for Torino in terms of transfer deals. The team signed several contracts at once. And she usually rented players. Do you want to enjoy betting and experience only positive emotions fr...Published: 29 Sep 2021 at 13:29hrs | 305 | by Staff Writer
Ariel Sibanda and Nqobizitha Masuku say Bosso players now focused on football
HIGHLANDERS captain Ariel Sibanda and vice-captain Nqobizitha Masuku say they remain loyal to the Bosso cause despite reports that they wanted to leave the club.The duo was reported to be on i...Published: 28 Sep 2021 at 20:00hrs | 717 | by Staff reporter
8 firms in court over EcoCash deals
EIGHT financial institutions that were allegedly involved in foreign currency dealings in Harare through EcoCash bulk payer lines, yesterday appeared in court for violating some sections of the Exchan...Published: 28 Sep 2021 at 06:11hrs | 782 | by Staff reporter
'Ratify democracy charter before 2023'
GOVERNMENT has been urged to complete the ratification of the African Charter on Democracy, Elections and Governance (ACDEG) before the 2023 general elections in order to promote free and fair electio...Published: 27 Sep 2021 at 06:18hrs | 554 | by Staff reporter
Unreported robberies point police to shady dealings
POLICE have raised a red flag following a spate of robberies across the country with suspects mostly targeting businesspeople keeping large sums of money in their houses.The country has in the...Published: 27 Sep 2021 at 06:14hrs | 431 | by Staff reporter
Caledonia splurges US$4m on Zimbabwe gold mine
DUAL-LISTED resources giant, Caledonia Mining Corporation is set to buy Pan African Mining's Maligreen goldfields near Gweru to develop its second bullion assets in two decades.The asset is wo...Published: 26 Sep 2021 at 19:47hrs | 197 | by Staff reporter
Zanu-PF bigwigs question Mnangagwa's legitimacy
ZIMBABWEAN President Emmerson Mnangagwa, struggling to consolidate and maintain power at the volatile helm amid renewed internal Zanu-PF infighting and disintegration of the coalition which drove his ...Published: 24 Sep 2021 at 18:57hrs | 7876 | by Staff reporter
Indonesia sets sights on NRZ
SOUTHEAST Asian nation, Indonesia, seeks to clinch deals in Zimbabwe's various economic sectors such as pharmaceuticals, rubber and the railways, an official has said.A representative of the I...Published: 24 Sep 2021 at 09:49hrs | 1154 | by Staff reporter
Mnangagwa proud of industry revival
PRESIDENT Mnangagwa yesterday expressed pride over the positive strides being registered by the country's industries - taking advantage of the supportive Government policy reforms. These have enhanced...Published: 24 Sep 2021 at 09:02hrs | 96 | by Staff reporter
Who is causing parallel market rates to spike?
For the past 18 months, the country's economy has been on a rebound, assisted by the stronger performance in the agricultural and mining sectors, an improved balance of payments and external sector po...Published: 23 Sep 2021 at 19:35hrs | 3735 | by Dr Tim Rainhard
The ZAPU NPC resolution to bar Nkomo is unconstitutional
The ZAPU National People's Council has upheld its resolution which seeks to bar Mr Sibangilizwe Nkomo from contesting as a ZAPU President. The resolution to the effect that one has to be a member for ...Published: 23 Sep 2021 at 09:45hrs | 1888 | by Thulani Nkala
Boy (15) rapes five minors
A LOWER GWERU juvenile allegedly raped two sisters and three cousins aged between six and eight years, and ran away when the crimes were discovered.The boy allegedly raped his two sisters aged...Published: 23 Sep 2021 at 07:53hrs | 2510 | by Staff reporter
Time to ratify AU Charter on Democracy
AS we reflect on the just passed International Day on Democracy, we find it worrying that Zimbabwe has not ratified the African Charter on Democracy, Elections, and Governance. It is a long time since...Published: 23 Sep 2021 at 06:30hrs | 117 | by Veritas
Concourt clears Chief Justice Malaba
Chief Justice Luke Malaba will now serve in line with the Constitution until his 75th birthday in May 2026 after the Constitutional Court yesterday overturned a High Court order and confirmed that all...Published: 23 Sep 2021 at 06:15hrs | 114 | by Staff reporter
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