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Salaries showdown looms
A SHOWDOWN is looming between the government and its workers after the Labour ministry gazetted Statutory Instrument 81 of 2020, which pegged the minimum wage at an equivalent amount of US$100....Published: 9 hrs ago | 1202 | by Staff reporter
PHOTOS: China revamps Zimbabwe's main COVID-19 isolation centre
A new looking Wilkins Hospital after 18-Day of Chinese touch: Pics. The Chinese Embassy In Zimbabwe has announced that it has finished refurbishing Wilkins Hospital, a Harare institution designated fo...Published: 10 hrs ago | 1694 | by Staff reporter
RBZ orders corporates to bank US$ earnings into domestic nostro accounts
THE Reserve Bank of Zimbabwe (RBZ) has ordered all corporates receiving foreign currency, to deposit the money into their domestic nostro bank accounts. Last week, the RBZ lifted the ban on th...Published: 15 hrs ago | 1460 | by Staff reporter
What people are doing to pass lockdown time
BULAWAYO residents are using the 21-day total lockdown declared by the Government to combat the spread of Covid-19 to engage in yesteryear activities and revive hidden talents to kill time. Th...Published: 15 hrs ago | 353 | by Staff reporter
RBZ suspends forex rule
THE Reserve Bank of Zimbabwe (RBZ) has suspended the 30-day foreign currency balance liquidation requirement for exporters as well as its attendant penalty system so as to minimise the impact of Covid...Published: 15 hrs ago | 454 | by Staff reporter
US$ revenues for own use: RBZ
Corporates receiving free funds from domestic transactions are allowed to use the funds for their own use either for foreign or for domestic payments, the Reserve Bank of Zimbabwe has said. Go...Published: 15 hrs ago | 206 | by Staff reporter
Mnangagwa okays US dollar use
PRESIDENT Emmerson Mnangagwa has gazetted Statutory Instrument 85/20, which will allow citizens and businesses to charge goods and services using the United States (US) dollar as part of combating the...Published: 31 Mar 2020 at 15:08hrs | 5401 | by Staff reporter
RBZ suspends 30-day forex liquidation requirement
The Reserve Bank of Zimbabwe has suspended the 30-day liquidation requirement on un-utilized foreign currency balances for exporters to support its use of free-funds policy. Last week the RBZ ...Published: 31 Mar 2020 at 11:12hrs | 2292 | by Staff reporter
MLF launches Mthwakazi sovereign fund
Mthwakazi Liberation Front has launched a Mthwakazi sovereign fund for the liberation struggle to establish a federal republic.In a statement MLF President Dr Churchill Mpiyesizwe Guduza said ...Published: 31 Mar 2020 at 08:25hrs | 518 | by Stephen Jakes
Zimbabwe parallel market rates nosedive
THE value of the United States dollar against the Zimbabwe dollar on the parallel market has nosedived due to a drop in demand, economists have said.The depreciation comes hardly a week after ...Published: 30 Mar 2020 at 18:58hrs | 7739 | by Staff reporter
South African Rand falls to record overnight low against dollar
The rand fell to its lowest level ever against the dollar in overnight trade, as global markets reacted to the downgrade of SA's last remaining investment-grade credit rating to junk by Moody's....Published: 30 Mar 2020 at 08:36hrs | 3937 | by Staff reporter
Chamisa rallies Zimbabweans
MDC leader Nelson Chamisa has urged Zimbabweans to unite and fight the Coronavirus pandemic as the nation enters 21 Days of Lockdown. Said Chamisa, "In the coming days, I encourage you to be m...Published: 30 Mar 2020 at 08:14hrs | 2492 | by Mandla Ndlovu
Businessman challenges auctioning of property
PROMINENT Bulawayo businessman Ismail Moosa Lunat has approached the High Court challenging the auctioning of his property over a debt of more than US$384 000 that he owes fellow businessman Mr Mohamm...Published: 30 Mar 2020 at 08:11hrs | 279 | by Staff reporter
Red flag over Mnangagwa's lockdown
The government yesterday moved to exempt certain sectors from the lockdown that begins tomorrow after industry warned that forcing all companies to shut down will ground the fragile economy.Pr...Published: 29 Mar 2020 at 11:19hrs | 8380 | by Staff reporter
Re-dollarisation must be wholesome and comprehensive
We note with serious concern the regime’s half-hearted attempt to re-dollarise in a grossly inadequate way that does not even begin to address the count...Published: 28 Mar 2020 at 11:20hrs | 1746 | by MDC Communications
Impact of COVID 19 on Zimbabwean Economy
The outbreak of the novel Corona Virus (COVID-19) poses a significant threat to the world economy and to Zimbabwe's fragile economy too. So far the virus has infected close to 470 000 people from 200 ...Published: 28 Mar 2020 at 10:08hrs | 848 | by Victor Bhoroma
Rautenbach's monopoly bleeds Zimbabwe
THE newly enacted bio-fuels policy of Zimbabwe exposes how local tycoon Billy Rautenbach's monopoly in ethanol production has crippled the country financially despite the availability of cheaper ethan...Published: 28 Mar 2020 at 08:06hrs | 2258 | by Staff reporter
Titanic clash looms over US$400m NRZ tender
THE National Railways of Zimbabwe (NRZ) board has finally formally notified Diaspora Infrastructure Development Group (DIDG) of its decision to re-tender the US$400 million deal to recapitalise the mo...Published: 28 Mar 2020 at 08:05hrs | 896 | by Staff reporter
Mnangagwa's second chance to unite Zimbabwe
FOR the first time in a very long while the world has experienced no violence of war and gangsterism that had become the order of day on Mother Earth. The rattling automatic weaponry and booming of le...Published: 28 Mar 2020 at 07:42hrs | 483 | by Staff reporter
Zimbabwe businesses welcome US$ relaxation
The black market exchange rate for the United States dollar is likely to fall following the relaxation of the usage of free funds by the Reserve Bank of Zimbabwe (RBZ) on Thursday. Business le...Published: 28 Mar 2020 at 07:35hrs | 465 | by Staff reporter
Sakunda and the COVID-19 facility of shame - MDC
The news that in the wake of this pandemic that has affected everyone, Sakunda Holdings has created an exclusive COVID-19 facility only for the elite and well-heeled in Mt Pleasant is an indictment on...Published: 27 Mar 2020 at 10:12hrs | 1552 | by MDC Communications
RBZ takes MDC advice on redollarization but....
At long last it has happened. The RBZ has finally announced in its 26th March Monetary Policy an...Published: 27 Mar 2020 at 09:30hrs | 4158 | by Dr Tapiwa Maji-Marefu Mashakada Economist and MDC Secretary for Policy and Research
US dollar unbanned in Zimbabwe
THE Reserve Bank of Zimbabwe (RBZ) yesterday suspended its ban on use of foreign currency in carrying out internal transactions and abandoned the managed floating exchange rate as a measure to facilit...Published: 27 Mar 2020 at 06:45hrs | 2827 | by Staff reporter
Thorngrove hospital still to get funding for coronavirus equipment
THORNGROVE Hospital in Bulawayo, which is one of the two infectious diseases hospitals that have been established to cater for coronavirus patients, is still ill-equipped to admit patients as governme...Published: 27 Mar 2020 at 06:31hrs | 250 | by newzimbabwe
Trade freely in forex, says RBZ
THE Reserve Bank of Zimbabwe (RBZ) has given consumers and businesses greenlight to trade in foreign currency and suspended, until further notice, any increase in charges related to the provision of e...Published: 27 Mar 2020 at 06:31hrs | 1322 | by Staff reporter
BREAKING: RBZ re-introduces the United States Dollar
The Governor of the Reserve Bank of Zimbabwe John Panonetsa Mangudya has announce that the United States Dollar can now be used as legal tender until further notice. In a statement issue...Published: 26 Mar 2020 at 18:05hrs | 7759 | by Mandla Ndlovu
Coronavirus causes Grain Millers a headache
Zimbabwe's maize stocks which had received a shot in the arm through a multi million dollar grain deal between Shepherd Bushiri Investments and Grain Millers Association of Zimbabwe have suffere...Published: 26 Mar 2020 at 16:51hrs | 1328 | by Mandla Ndlovu
Sakunda Holdings responds to COVID-19 fight assistance call
Sakunda Holdings has come up with a multi-million dollar initiative to resuscitate and re-equip Rock Foundation Medical Centre and St Annes Hospital in an effort to assist government in the fight agai...Published: 26 Mar 2020 at 08:06hrs | 2964 | by Simbarashe Mwandipendaa
V11 on self redollarisation in Zimbabwe evident in Makamba Hospital case - Mashakada
MDC top official Tapiwa Mashakada has said the evidence has been clearly been exposed that Zimbabwe is redollarising in a case of the late journalist Zororo Makamba's hospitalisation at Wilkins Hospit...Published: 26 Mar 2020 at 07:58hrs | 6657 | by Stephen Jakes
COVID-19: Sakunda Holdings identifies two health facilities
SAKUNDA Holdings and its associates have come up with a multi-million dollar initiative to resuscitate and equip Rock Foundation Medical Centre and St Annes Hospital as a way of complementing Governme...Published: 25 Mar 2020 at 18:44hrs | 1310 | by Staff reporter
High Court orders Zera to suspend licensing fees hike
The High Court has ordered the Zimbabwe Energy Regulatory Authority (Zera) to suspend its new licensing requirements for fuel companies after a successful challenge by indigenous firms, it has emerged...Published: 25 Mar 2020 at 08:40hrs | 925 | by Staff reporter
Company challenges USD-Zimdollar ruling
THE legal validity of a Supreme Court judgment which converted United States dollar debts to the Zimdollar at a rate of 1:1 in line with Statutory Instrument 33 of 2019, must be tested by a nine-judge...Published: 25 Mar 2020 at 05:45hrs | 1167 | by Staff reporter
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 18:32hrs | 1129 | by Victor Bhoroma
ZORORO MAKAMBA's case: Doctors and hospitals tell patients: Show us the money before treatment
Doctors and hospitals are increasingly asking patients to pay up front for treatment regardless of the condition of the patient. Considering the state of our hospitals the ministry of Health must do m...Published: 24 Mar 2020 at 14:21hrs | 4292 | by Dr Masimba Mavaza
Achieving an efficient interbank market
The Zimbabwean government announced that it was going to introduce a managed floating exchange rate system in order to manage exchange rate volatility. The move is also aimed at bringing transparency ...Published: 24 Mar 2020 at 11:58hrs | 918 | by Victor Bhoroma
Zimbabwe among world's unhappiest countries
ZIMBABWEANS are among the world's saddest people with the recent annual United Nations world happiness report ranking the country in the top five of the world's unhappiest countries.The southe...Published: 23 Mar 2020 at 13:30hrs | 2877 | by Staff reporter
Zimbabwe government's land for compensation offer is misleading
Widespread reports that former Zimbabwean commercial farmers can now apply to repossess their land under new regulations gazetted by the government, Statutory Instrument (SI) 62 of 2020, published on ...Published: 23 Mar 2020 at 09:33hrs | 1084 | by Glyn Hunter
Mnangagwa is sucked into multi-million Zisco assets stripping
A fresh probe has revealed that the government facilitated a shady US$225 million deal meant to strip the comatose Zimbabwe Iron and Steel Company (Zisco) of its critical assets.The investigat...Published: 23 Mar 2020 at 05:41hrs | 1067 | by Everson Mushava
Zesa's US$500m plan to end load-shedding
Zesa has cobbled up a US$500 million plan to end rolling electricity cuts by building solar power plants across the country in partnership with private investors.Zimbabwe last year introduced ...Published: 23 Mar 2020 at 05:40hrs | 1849 | by Staff reporter
Government awaits technical report on Gwanda solar project
THE Government is awaiting a technical report from Zesa Holdings to make a decision on the way forward with regards to the commencement of work at the proposed 100-megawatt Gwanda Solar Farm project i...Published: 23 Mar 2020 at 05:30hrs | 216 | by Staff reporter
Zimbabwe Space dream edges closer
ZIMBABWE has taken another step towards realisation of a vision to launch its satellites into space after finalising a $25 million agreement to upgrade the TelOne Satellite Centre in Mazowe and improv...Published: 23 Mar 2020 at 05:28hrs | 144 | by Staff reporter
Zesa audit opens can of worms
IN what demonstrates the depth of rot and corporate malfeasance at Zesa Holdings, one of the power utility's subsidiaries traded with a supplier for over 10 years without a valid contract after an ear...Published: 22 Mar 2020 at 16:52hrs | 2115 | by Staff Reporter
Enforcement of the rule of law can boast our economic - Gandawa
Former Higher, Tertiary, Schence and Technology deputy minister Godfrey Gandawa has said the proper application of the rule of law in the country will boast the country's economy through establishment...Published: 22 Mar 2020 at 08:35hrs | 627 | by Stephen Jakes
'Preparedness plan will minimise import of covid-19' - boastful dog putting out fire with his puny fart
"My Government, through the Ministry of Health and Child Care, has put in place measures to minimise the import of COVID-19 into the country and ensure health safety to all citizens,” said President...Published: 21 Mar 2020 at 19:26hrs | 867 | by Patrick Guramatunhu
Gweru Town Clerk's US$176 000 car delivered
The under fire City of Gweru Town Clerk Elizabeth Gwatipedza could soon be smiling all the way back to work if cleared on corruption charges after the city council has finally finished paying for her ...Published: 21 Mar 2020 at 06:21hrs | 4691 | by Staff reporter
Jobs bloodbath hits Zimbabwe firms
A staggering 210,333 jobs were made redundant in 2019 as local companies threw workers onto the streets in response to the realities of a debilitating liquidity crunch, low productivity, punitive real...Published: 21 Mar 2020 at 06:21hrs | 3074 | by Staff reporter
Concern over delay in construction at JM Nkomo Polytechnic
GOVERNMENT has expressed concern over the delay in completing projects at the Joshua Mqabuko Nkomo Polytechnic College in Gwanda, despite the release of 6.5 million dollars by the treasury for the com...Published: 21 Mar 2020 at 06:14hrs | 266 | by Staff reporter
$579 290 'fraudster' arrested
A Bulawayo man allegedly conned three people of nearly $600 000 on separate occasions after he claimed he could source United States dollars for them at affordable rates. Batsirai Ganyau...Published: 21 Mar 2020 at 05:50hrs | 814 | by Staff reporter
Soldier in masked armed robbers gang
POLICE in Gweru have arrested six notorious masked armed robbers among them a soldier who were allegedly behind more than 30 robbery cases involving over half a million dollars in the Midlands capital...Published: 20 Mar 2020 at 20:39hrs | 443 | by Staff reporter
Govt extends exam fees deadline
Government has extended the deadline for the payment of examination fees for Ordinary Level up to the end of this month for June exams, while for November, April 9 is the last day. Primary and...Published: 20 Mar 2020 at 20:37hrs | 313 | by Staff reporter
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