Search / Dollars
'Gold coins safer than Zimdollar'
THE resilience of gold as a store of value pushed the Reserve Bank of Zimbabwe (RBZ) to introduce gold coins last month, a central bank official said yesterday.Azvinandava Saburi, director of ...Published: 13 hrs ago | 529 | by Staff reporter
Contractor shifts gear up to complete civil servants' flats
FACED with financial challenges, some contractors halt or abandon projects in a huff, but Pevimag Contractors, has broken that tradition by getting a $45 million loan from a local bank to make sure th...Published: 16 Aug 2022 at 06:37hrs | 179 | by Staff reporter
Mnangagwa says Zimbabwe banks have gone rogue
PRESIDENT Emmerson Mnangagwa says most of Zimbabwe's banks have gone "rogue" and are operating in contravention of the country's laws.Writing in his column in The Sunday Mail, he said only 31%...Published: 15 Aug 2022 at 06:43hrs | 9626 | by Staff reporter
2 bogus cops arrested
TWO bogus policemen allegedly driving around Harare in their getaway car and stealing thousands of US dollars after accusing motorists of having violated traffic rules, have now been arrested, while p...Published: 15 Aug 2022 at 06:37hrs | 407 | by Staff reporter
Mnangagwa's govt under fire over Matebeleland projects
PRESIDENT Emmerson Mnangagwa has been accused of marginalising Matebeleland region after a breakdown of programmes undertaken by his government since 2021 showed that the region has the least number o...Published: 14 Aug 2022 at 07:25hrs | 1369 | by Staff reporter
Bulawayo forex discounts endorsed
BULAWAYO residents are going to get a 50 percent discount for settling their rates in foreign currency, while industries will have a 30 percent discount after councillors endorsed the resolution which...Published: 14 Aug 2022 at 07:20hrs | 246 | by Staff reporter
Mnangagwa gets tough on Government's procurement process
PRESIDENT Mnangagwa has spoken tough on the Government procurement process saying he is going to ensure that no public resources will be used to finance economic hitmen and women as has been the case ...Published: 14 Aug 2022 at 07:19hrs | 114 | by Staff reporter
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: 13 Aug 2022 at 14:23hrs | 3020 | 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: 13 Aug 2022 at 07:23hrs | 1263 | 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 | 843 | 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 | 442 | 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 | 954 | 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 | 717 | 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 | 738 | 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 | 348 | 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 | 2123 | 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 | 859 | 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 | 383 | 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 | 2572 | 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 | 5458 | 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 | 1202 | 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 | 264 | 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 | 4444 | 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 | 384 | 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 | 234 | 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 | 686 | by Staff reporter
Mayor, councillors fume over US$20 monthly allowance
HARARE councillors are seething with anger, describing Local Government minister July Moyo (pictured) as inconsiderate and heartless in failing to review the paltry monthly allowances given to city fa...Published: 07 Aug 2022 at 18:49hrs | 256 | by Staff reporter
Money changer survives 5000kv shock
A suspected illegal foreign currency dealer commonly referred to as osiphatheleni in Bulawayo is lucky to be alive after he was shocked by a 5 000 kilovolt electric shocker (taser) by a robber who wan...Published: 07 Aug 2022 at 08:20hrs | 315 | by Staff reporter
Power outages, vandalism strain Econet operations
TELECOMMUNICATIONS giant Econet Wireless Zimbabwe Limited says the persistent power outages across the country have adversely affected its operations and increased costs in its attempt to use alternat...Published: 07 Aug 2022 at 08:19hrs | 39 | by Staff reporter
Investors talk up Zimbabwe gold coins
Mosi-oa-Tunya gold coins, which were released into the market by the Reserve Bank of Zimbabwe (RBZ) on July 25, are an alternative investment option to US dollars, stocks and the property market, and ...Published: 07 Aug 2022 at 08:17hrs | 406 | by Staff reporter
'Fuel price drop must benefit consumers'
BUSINESSES should review prices of goods and services downwards in line with the recent decline in fuel prices, a Cabinet Minister has said.This comes as interventions by the Reserve Bank of Z...Published: 07 Aug 2022 at 08:16hrs | 51 | by Staff reporter
Mnangagwa govt okays US$ 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 | 1328 | 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 | 1750 | 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
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 | 636 | 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 | 210 | 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 | 1627 | 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 | 384 | 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 | 74 | 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 | 1230 | by Staff reporter
Zimbabwe banks run out of gold coins
DEMAND for the new Zimbabwean gold coins has been overwhelming and banks have been inundated by their corporate and individual customers seeking a legal and sensible way of preserving value.Th...Published: 01 Aug 2022 at 06:35hrs | 7174 | by Staff reporter
Fresh test for Zimbabwe's re-engagement efforts as the US hosts crucial Africa meeting
DESPITE spending millions of taxpayer dollars on a public relations stunt and expending energy on an international re-engagement exercise, Zimbabwe continues wallowing in isolation amid reports that t...Published: 31 Jul 2022 at 17:50hrs | 2720 | by Staff reporter
Zimbabwe banking on gold to fight inflation
With inflation soaring in Zimbabwe and the country's currency in free fall as people abandon it for the US dollar, the government of President Emmerson Mnangagwa is fighting back with a novel strategy...Published: 31 Jul 2022 at 09:13hrs | 1143 | by Lesley Wroughton
Massive Zimbabwe police vehicle theft scam exposed
A click of senior police officers allegedly helped themselves to cars that were impounded from motorists with most of the vehicles ending up at an auction business owned by Vice-President Constantino ...Published: 31 Jul 2022 at 08:13hrs | 1737 | by Staff reporter
Ximex mall dealer a ZANU PF activist
The late Ximex mall dealer Tafadzwa Murengwa who fatally shot his girlfriend in a love triangle was identified on social media in ZANU PF regalia....Published: 30 Jul 2022 at 20:43hrs | 2783 | by Paul Ndou
Zimbabwe to host high-level forum on debt resolution
The Zimbabwean government said Thursday it will soon host a high-level debt resolution forum with development partners and other stakeholders aimed at building consensus among stakeholders on resolvin...Published: 29 Jul 2022 at 06:56hrs | 500 | by Staff reporter
'Mthuli Ncube is out of touch with reality'
MARONDERA Urban Business Forum chairperson Emmanuel Danha: "While the supplementary budget was expected and normal in a hyperinflationary economy such as ours, we note with concern the absence of fres...Published: 29 Jul 2022 at 06:52hrs | 875 | by Staff reporter
Western countries trying all tricks to remove Zanu-PF from power
AS the clock ticks towards the 2023 harmonised elections, which some have described as "crunch" (interestingly all polls since 2008 have been dubbed as such!), Zimbabweans should brace for more shocks...Published: 29 Jul 2022 at 06:49hrs | 733 | by Staff reporter
Panic over Zimsec exams deadline
THOUSANDS of pupils and parents throughout the country are in panic mode after failing to secure registration fees for the 2022 Zimbabwe School Examinations Council (Zimsec) examinations whose deadlin...Published: 28 Jul 2022 at 06:38hrs | 881 | by Staff reporter
Arthur Mutambara trashes RBZ's gold coins initiative
FORMER Deputy Prime Minister Arthur Mutambara has trashed the Reserve Bank of Zimbabwe's (RBZ) gold coins initiative, supposedly meant to ease inflation, as nothing other than ‘a shameful opportunit...Published: 27 Jul 2022 at 19:37hrs | 2164 | by Staff reporter
Load More Stories
