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Fake promises anger Zimbabwe army, police
DESPITE efforts by President Emmerson Mnangagwa's government to create the impression that it is supportive and taking good care of the uniformed forces, morale remains low in the military barracks an...Published: 15 hrs ago | 1968 | by Staff reporter
RBZ strangles street money changers
They don't know what has suddenly hit them. It is no longer business as usual for most, if not all, illegal street money changers.They used to call the shots in the last few months, de...Published: 22 hrs ago | 1104 | by Staff reporter
Regine change organisation seeks UK help over Zimbabwe crisis
ZIMBABWE'S international isolation will be amplified this year as the country is one of three African countries that will not be represented by a head of state at the US-Africa Summit to be held in De...Published: 12 Aug 2022 at 21:09hrs | 791 | by Staff reporter
Gold coins' sales hit ZW$3,7 billion, 90% sales in local currency
THE Reserve Bank of Zimbabwe (RBZ) has reported that gold coins' sales have to date reached ZW$3,7 billion with 90% sales being made in the local currency.Presenting the Mid-Term Monetary Poli...Published: 12 Aug 2022 at 20:30hrs | 389 | by Staff reporter
Chiwenga warns Innscor
A TENSE meeting between President Emmerson Mnangagwa and Innscor Africa shareholders over allegations of fuelling currency volatilities rocking the market had a chilling effect after Vice-President Co...Published: 12 Aug 2022 at 20:21hrs | 878 | by Staff reporter
Zimbabwe central bank considers currency board
ZIMBABWE is considering establishing a currency board to support the Zimbabwean dollar, as inflation surges.The southern African country is fast moving back into a hyperinflationary crisis, ab...Published: 12 Aug 2022 at 20:19hrs | 386 | by Staff reporter
Fire guts down Gweru lodge
GWERU'S Eland Lodge (formerly Elephant Lodge) owned by the late Gweru businessman and Citizens Coalition for Change politician Rodrick Rutsvara was on Wednesday afternoon burnt down by a veldfire, whi...Published: 12 Aug 2022 at 06:39hrs | 702 | by Staff reporter
Small-scale miners contribute bulk of Zimbabwe's gold output
The country's gold output in the last seven months amounted to 18 940 kilogrammes with the bulk coming from small-scale miners who have contributed 11 444 kilogrammes while output from formal mines is...Published: 12 Aug 2022 at 06:35hrs | 68 | by Staff reporter
Zimbabwe to release smaller gold coins
Smaller Zimbabwean gold coins, as small as a tenth of an ounce, are expected to go on sale in November from the Reserve Bank of Zimbabwe so ordinary people can invest in them and store value for their...Published: 12 Aug 2022 at 06:35hrs | 682 | by Staff reporter
Payment for goods priced in black-market rates suspended?
All payments have been suspended for goods supplied to Government ministries, departments and agencies and possibly priced using black market exchange rates with procuring units now compelled to do du...Published: 12 Aug 2022 at 06:34hrs | 343 | by Staff reporter
Policy flaws chasing Forex from the formal market
It is estimated that US$2.5 billion is circulating outside the formal banking system in Zimbabwe with households, businesses and foreign investors preferring to store their hard-earned foreign currenc...Published: 11 Aug 2022 at 12:05hrs | 2049 | by Victor Bhoroma
Assessing the US$12 billion mining industry target
The Zimbabwean government launched an ambitious plan to transform the mining sector into a US$12 billion export industry by end of 2023. The plan was launched in October 2019 as a key pillar to sustai...Published: 11 Aug 2022 at 12:01hrs | 368 | by Victor Bhoroma
Teachers for ED union formed
GOVERNMENT has approved a new teachers' union with the moniker "Teachers for ED (Economic Development)", NewsDay has learnt.A circular dated June 22, 2022 written by the secretary of Primary a...Published: 11 Aug 2022 at 06:43hrs | 852 | by Staff reporter
'Zimbabwe economy enters growth phase'
President Mnangagwa said Zimbabwe's economy has transitioned from recovery to a growth phase, adding economic activity is projected to expand by a weighty 4,6 percent in 2022 despite the negative impa...Published: 11 Aug 2022 at 06:38hrs | 347 | by Staff reporter
BCC, TTI reviews parking model with immediate effect
Motorists will now be able to transfer their paid parking time to different parking bays after the City of Bulawayo and Tendy Three Investments Private Limited (TTI) reviewed the smart parking p...Published: 10 Aug 2022 at 18:26hrs | 854 | by Staff reporter
Mnangagwa's broke govt rules out US dollar salaries
GOVERNMENT has cast doubt over the possibility of paying civil servants in US dollars as inflation continues to ravage salaries amid growing tensions and fears of unrest, The NewsHawks can report....Published: 10 Aug 2022 at 08:47hrs | 2557 | by Staff reporter
Mnangagwa visited Mutami at school?
A FORMER boyfriend of Susan Mutami and her school friends at Loreto High School in Silobela, Midlands, have validated claims that a man believed to be President Emmerson Mnangagwa she now accuses of r...Published: 10 Aug 2022 at 08:42hrs | 5392 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 1181 | by Staff reporter
Mnangagwa says his govt will constantly review civil service remuneration
PRESIDENT Emmerson Mnangagwa says the government will constantly review salaries and conditions of service for civil servants.Addressing the nation at the National Sports Stadium during the Zi...Published: 10 Aug 2022 at 06:38hrs | 739 | by Staff reporter
Mnangagwa told walk the talk
THE Zimbabwe Congress of Trade Unions (ZCTU) yesterday called on President Emmerson Mnangagwa to "walk the talk" on improving the welfare of civil servants.Mnangagwa made a pledge to improve c...Published: 10 Aug 2022 at 06:34hrs | 337 | by Staff reporter
Zimbabwean dollar gaining value
Parallel market exchange rate responds to RBZ measuresTREASURY has been hailed for tightening screws on money supply growth in the market, in a move credited for stabilising the foreign curren...Published: 09 Aug 2022 at 17:57hrs | 33121 | by Staff Reporter
BCC councillors shoot down Belarus fire tender deal
BULAWAYO City Council (BCC) councillors have shot down government's directive that BCC should procure fire tender vehicles from Belarus.A latest council report indicates that town clerk Christ...Published: 09 Aug 2022 at 08:22hrs | 480 | by Staff reporter
Is Zimbabwe's new gold coin evidence of a broader global trend?
Saber rattling by the Chinese Communist Party stoked investor fears this week, putting upward pressure on gold prices. CCP officials felt aggrieved by House Speaker Nancy Pelosi's visit to Taiwan, whi...Published: 09 Aug 2022 at 08:20hrs | 260 | by Mike Gleason
Ex Zanu-PF youth boss Lewis Matutu bounces back
FORMER Zanu-PF deputy youth secretary, Lewis Matutu, who was stopped in his daring anti-corruption fight against President Emmerson Mnangagwa's benefactor Kudakwashe Tagwirei, has resurfaced, this tim...Published: 08 Aug 2022 at 05:51hrs | 4429 | by Staff reporter
Jabulani Sibanda demands return of Zipra properties
Zanu-PF Bulawayo province chairperson Jabulani Sibanda has demanded that government returns all Zipra-owned properties to Zapu war veterans.Speaking on Friday during the official opening of th...Published: 08 Aug 2022 at 05:50hrs | 3080 | by Staff reporter
School, parents clash over US$ fees
PARENTS and guardians of pupils at Nyamuzuwe High School have threatened to stage a protest against school authorities who they accuse of demanding United States dollars exclusively for fees, in contr...Published: 08 Aug 2022 at 05:48hrs | 383 | by Staff reporter
Equipment woes force Bulawayo road rehab scale down
A COMBINATION of breakdowns and shortages of plant and machinery has forced the Bulawayo City Council (BCC) to scale down on capital projects including the ongoing road rehabilitation works.A ...Published: 07 Aug 2022 at 18:52hrs | 233 | by Staff reporter
Foreigners loot Zimbabwe's emeralds
WELL-CONNECTED foreign syndicates are looting Zimbabwe's emeralds using local proxies and taking advantage of corrupt systems to plunder and smuggle various other types of little-known precious stones...Published: 07 Aug 2022 at 18:50hrs | 681 | by Staff reporter
Mayor, councillors fume over US$20 monthly allowance
HARARE councillors are seething with anger, describing Local Government minister July Moyo (pictured) as inconsiderate and heartless in failing to review the paltry monthly allowances given to city fa...Published: 07 Aug 2022 at 18:49hrs | 255 | by Staff reporter
Money changer survives 5000kv shock
A suspected illegal foreign currency dealer commonly referred to as osiphatheleni in Bulawayo is lucky to be alive after he was shocked by a 5 000 kilovolt electric shocker (taser) by a robber who wan...Published: 07 Aug 2022 at 08:20hrs | 312 | by Staff reporter
Power outages, vandalism strain Econet operations
TELECOMMUNICATIONS giant Econet Wireless Zimbabwe Limited says the persistent power outages across the country have adversely affected its operations and increased costs in its attempt to use alternat...Published: 07 Aug 2022 at 08:19hrs | 38 | by Staff reporter
Investors talk up Zimbabwe gold coins
Mosi-oa-Tunya gold coins, which were released into the market by the Reserve Bank of Zimbabwe (RBZ) on July 25, are an alternative investment option to US dollars, stocks and the property market, and ...Published: 07 Aug 2022 at 08:17hrs | 391 | by Staff reporter
'Fuel price drop must benefit consumers'
BUSINESSES should review prices of goods and services downwards in line with the recent decline in fuel prices, a Cabinet Minister has said.This comes as interventions by the Reserve Bank of Z...Published: 07 Aug 2022 at 08:16hrs | 47 | by Staff reporter
Mnangagwa govt okays US$ school fees
GOVERNMENT has given greenlight for schools to charge fees in United States (US) dollars, leading to calls for formal dollarisation as the majority of the country's workforce earn in Zimbabwe dollars....Published: 06 Aug 2022 at 19:26hrs | 1322 | by Staff reporter
Zimbabweans suffer horrific medical exclusion in SA
SOUTH Africa arguably boasts the highest standard of healthcare on the continent where everyone can access public healthcare. However, access to public facilities comes at a cost over around US$300 US...Published: 06 Aug 2022 at 06:40hrs | 1748 | by Staff reporter
Police called in to defuse pupils gang violence
POLICE in Bulawayo were yesterday called to escort some pupils to prevent gang fights that characterise closing day at some schools.Learners at Sobukazi High in Mzilikazi and Msitheli in Mpopo...Published: 05 Aug 2022 at 06:38hrs | 507 | by Staff reporter
Chamisa flags barren Zanu-PF leadership
Citizens Coalition for Change (CCC) leader Nelson Chamisa has dismissed government's 2022 Mid-Term budget statement as a blatant certification to citizen poverty adding the fiscal blueprint was reflec...Published: 04 Aug 2022 at 22:32hrs | 1956 | by Staff reporter
Bulawayo councillors want parking system contract revised
Bulawayo councillors on Wednesday hit out at the "unfair" parking system which was imposed on the city's residents, with one warning fellow councillors that they were underestimating the depth of publ...Published: 04 Aug 2022 at 22:32hrs | 484 | by Staff reporter
'Zimbabwe's bigwigs living lavishly as ordinary citizens starve'
HUMAN rights organisations have red-flagged the lavish lifestyles of the elite in the country at a time when ordinary citizens are struggling to put food on the table due to a faltering economy....Published: 04 Aug 2022 at 06:48hrs | 2769 | by Staff reporter
BCC offers domestic debtors 50% discount
BULAWAYO City Council (BCC) is now offering a 50% discount to domestic debtors and 30% to industrial debtors paying their bills in foreign currency.Councils began indexing rates in foreign cur...Published: 04 Aug 2022 at 06:46hrs | 622 | by Staff reporter
BCC, TTI make close to US$40 000 from parking system
THE Bulawayo City Council has racked in U$$21 433, 71 and US$15 968 in parking and clamping fees in a five-month period from its deal with Tendy Three International (TTI).The BCC in partnershi...Published: 03 Aug 2022 at 18:57hrs | 493 | by Staff reporter
Chamisa slams gold coins introduction in Zimbabwe
CITIZENS Coalition for Change leader, Nelson Chamisa, has slammed the introduction of gold coins, saying they are a conduit for corruption, and called for the country to return to exclusive use of the...Published: 03 Aug 2022 at 18:53hrs | 5339 | by Staff reporter
Gweru embarks on property revaluations
GWERY City Council (GCC) has begun revaluation of its non-domestic properties to come up with a valuation roll for ease of billing, Southern Eye has learnt.Council last carried out a similar e...Published: 03 Aug 2022 at 06:46hrs | 209 | by Staff reporter
Zimbabwe roads authority increases toll gate fees by 39%
THE Zimbabwe National Roads Authority (ZINARA) has hiked toll fees by 39% in line with exchange rate movements.The new fees are with effect from 3 August 2022.In a statement Tuesday, t...Published: 02 Aug 2022 at 19:56hrs | 1127 | by Staff reporter
85% of gold coins sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) has revealed that 1 500 gold coins were sold by its agents during the first week of their release onto the market, signalling a strong demand for the yellow metal cu...Published: 02 Aug 2022 at 06:53hrs | 1626 | by Staff reporter
Zimbabwe to release another batch of gold coins
The Reserve Bank of Zimbabwe (RBZ) today said it will release an additional 2 000 gold coins this week, after the initial batch was highly subscribed.The Mosi-Oa-Tunya coins, which came into t...Published: 02 Aug 2022 at 06:44hrs | 372 | by Staff reporter
EcoCash records modest growth in first quarter
ECOCASH Holdings Zimbabwe Limited recorded modest growth in the first quarter to May 31, 2022 supported mainly by the fintech business which remains the group's highest revenue contributor.In ...Published: 02 Aug 2022 at 06:43hrs | 73 | by Staff reporter
Zimbabwe inflation on downward spiral?
The introduction of gold coins and a review of payment methods for suppliers of goods and services, particularly those undertaking major national infrastructure projects, is expected to see a decline ...Published: 02 Aug 2022 at 06:42hrs | 367 | by Staff reporter
'BCC a real estate fraudster'
BULAWAYO Progressive Residents Association (BPRA) secretary for administration Thembelani Dube has accused the Bulawayo City Council (BCC) of fraud after it asked housing stand beneficiaries to pay to...Published: 01 Aug 2022 at 06:37hrs | 589 | by Staff reporter
Mthuli Ncube, civil servants meet over salaries
PUBLIC Service minister Paul Mavima has invited more than 40 public service unions to a meeting to discuss salaries and conditions of service today.Finance minister Mthuli Ncube is expected to...Published: 01 Aug 2022 at 06:37hrs | 1207 | by Staff reporter
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