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RBZ warns exchange rate manipulators as street rate breaches 25x
The Reserve Bank of Zimbabwe has issued a warning to foreign currency dealers who are manipulating the exchange rate. This comes as street rates have breached the 25x mark on Thursday. The interbank m...Published: 21 hrs ago | 6691 | by FinX
RBZ sets new capital requirements for banks
The Reserve Bank of Zimbabwe (RBZ) yesterday announced new US dollar-benchmarked capital requirements for banks of up to US$30 million which it says will ensure the stability of local financial instit...Published: 23 Jan 2020 at 06:40hrs | 2820 | by Staff reporter
Mthuli Ncube to introduce $50 notes
GOVERNMENT will soon introduce $50 notes to address the currency crisis in the short term as the Zimbabwe dollar (ZWL) continues to devalue, Finance minister Mthuli Ncube has said.In June 2019...Published: 23 Jan 2020 at 06:36hrs | 2660 | by Staff reporter
'Ruling on US$ debt a grand heist'
TUESDAY'S Supreme Court ruling declaring that debts owed in United States dollars (US$) incurred on or before February 22, 2019 should be settled using the Zimdollar at a 1:1 parity will further deepe...Published: 23 Jan 2020 at 06:26hrs | 562 | by Staff reporter
Nelson Chamisa’s Agenda 2020 address to the nation
(Transcript of MDC leader Nelson Chamisa’s ‘Agenda 2020’ address as prepared for delivery at Stodart Hall in Mbare on January 21, 2020)Fellow Zim...Published: 22 Jan 2020 at 19:47hrs | 1177 | by Nelson Chamisa
Zimbabwe forex crisis to worsen
ZIMBABWE'S foreign currency crisis is expected to worsen this year after gold exports fell by over 28 percent last year.The southern African country is grappling with acute foreign currency sh...Published: 22 Jan 2020 at 07:21hrs | 2039 | by Staff reporter
Zimbabwe, US to continue talks, says Mohadi
Zimbabwe will continue to re-engage the United States despite the challenges that have affected the resumption of normal relations between the two countries, Vice President Kembo Mohadi said yesterday...Published: 22 Jan 2020 at 06:32hrs | 188 | by Staff reporter
Zimbabwe 'reduces debt by theft' after Supreme Court ruling: lawyers
The Supreme Court has upheld the validity of a controversial government decree from February 2019 which converted debts accumulated in United States dollars to the local RTGS currency – at a great l...Published: 22 Jan 2020 at 06:20hrs | 834 | by Staff reporter
Things giving Mthuli sleepless nights
Food, power and currency stability are the three things keeping Finance minister Mthuli Ncube awake at night.The southern African country is facing drought for the second consecutive year, wit...Published: 21 Jan 2020 at 18:59hrs | 2555 | by Staff reporter
Chiwenga itching for a showdown with Marry Mubaiwa
ACTING President Constantino Chiwenga is itching for a showdown with estranged wife, Marry Mubaiwa, in court today and has rejected an out-of-court settlement following a nasty fallout with the former...Published: 21 Jan 2020 at 18:55hrs | 5562 | by Staff rpeorter
Teachers rule out strike
THE Zimbabwe Teachers' Association (Zimta) has ruled out any industrial action saying it is in favour of dialogue with Government to address its members' concerns. In an interview yesterday, Z...Published: 21 Jan 2020 at 18:43hrs | 287 | by Staff reporter
Wicknell Chivayo gets title deeds back
Wicknell Chivayo has been given back title deeds to his upmarket Colne Valley property, while his reporting conditions have been removed, but his bail has been raised to $10 000 to ensure he stands tr...Published: 21 Jan 2020 at 18:42hrs | 591 | by Staff reporter
Chiwenga divorce case exposes him
The divorce case of Vice-President Constantino Chiwenga has gone a long way to expose the depth of moral decay that has pervaded our national leaders.It is, however, the level of impunity and beli...Published: 19 Jan 2020 at 13:16hrs | 1949 | by Staff reporter
Mnangagwa's maize subsidy sabotaged
President Emmerson Mnangagwa announced a Presidential Maize Subsidy meant to benefit the masses. This was a response to Mthuli Ncube's poorly planned removal of subsidies on maizePresident Mna...Published: 19 Jan 2020 at 05:52hrs | 6815 | by Nicholas Ncube
Shocking corruption at Passport Office
FORGET the low-level graft often reported at some Government departments, something far more sinister - which is a threat to the country's security - is taking place at the Department of the Registrar...Published: 19 Jan 2020 at 05:31hrs | 1861 | by Staff rpeorter
China to inject fresh funds into Zimbabwe economy?
China will provide fresh funding for new infrastructure projects that are expected to jerk the economy and create new jobs. Reports of prospective funding come in the wake of last week's visit by the ...Published: 19 Jan 2020 at 05:28hrs | 326 | by Staff rpeorter
Chiwenga, wife act to end feud
VICE President Constantino Chiwenga and his estranged wife Marry are close to striking an out-of-court settlement that will allow the former model access to her children, cars and matrimonial home, th...Published: 19 Jan 2020 at 05:28hrs | 832 | by Staff rpeorter
'Trump is a pierrot'
Iran's supreme leader lashed out at Western countries as he led Friday prayers in Tehran for the first time in eight years, dismissing "American clowns" who he said pretend to support the Iranian nati...Published: 19 Jan 2020 at 05:20hrs | 211 | by Staff reporter
Mnangagwa faces serious challenges
A bleak outlook characterised by growing expectations to end Zimbabwe's political impasse, a weakening currency, power and foreign currency shortages stare in the face of President Emmerson Mnangagwa'...Published: 18 Jan 2020 at 08:58hrs | 11935 | by Staff reporter
Chiwenga seeks to take wife fight out of court
Vice President Constantino Chiwenga has blinked first in his divorce battle with estranged wife Marry Mubaiwa, after it was revealed on Friday that he is seeking an out-of-court settlement in a case b...Published: 18 Jan 2020 at 05:47hrs | 8861 | by Staff reporter
Mubaiwa, Chiwenga court hearing deferred
The dispute over custody of children and access to a matrimonial home pitting Marry Mubaiwa and her ex-husband Acting President Constantino Chiwenga was yesterday deferred to next week to allow the pa...Published: 18 Jan 2020 at 05:39hrs | 127 | by Staff reporter
Chiwenga eats humble pie
AFTER a captivating month where Vice-President Constantino Chiwenga and his estranged wife, Marry, threw brickbats at each other in riveting court applications in their ongoing divorce proceedings, th...Published: 18 Jan 2020 at 05:30hrs | 14555 | by Staff reporter
Russian-made fighter jets for Zimbabwe's military
ZIMBABWE is on the verge of replacing its antiquated military helicopters with Russian-made fighter jets, among other armaments, in a deal that has seen Harare mortgaging part of its vast mineral weal...Published: 17 Jan 2020 at 06:28hrs | 1362 | by Staff reporter
Harare City Council tender scandal deepens
THE massive tender scandal rocking Harare City Council (HCC) has taken a new twist after it emerged in an explosive email trail that a local company, Microlab Scientific (Microlab), offered to use its...Published: 17 Jan 2020 at 06:25hrs | 391 | by Staff repoirter
Mthuli Ncube misses 10% year end inflation target
ZIMBABWE'S implied annualised inflation rate closed 2019 at 521%, defying authorities' target to reduce it to at least 10-15%.According to Zimbabwe National Statistics Agency (ZimStat) month-on-mo...Published: 17 Jan 2020 at 06:15hrs | 114 | by Staff reporter
Competition hits PPC cash flows
PERSISTENT macro-economic risks and intense competition across regional cement producer Pretoria Portland Cement (PPC)'s business units have affected the firm's return on capital and free cash flows, ...Published: 17 Jan 2020 at 06:07hrs | 181 | by Staff rpeorter
Chamisa, a coward politician
MDC leader, Nelson Chamisa has proved to be the most coward politician of all times as far as Zimbabwean political history is concerned. This follows his egocentric decision not to join other politica...Published: 16 Jan 2020 at 13:56hrs | 5655 | by Sibusiso Ndlamini
Government controls fuelling the black market
Business at the country's parallel (black) market for foreign currency and other commodities has never been as brisk. Billions of dollars in local or foreign currency exchange hands on a daily basis i...Published: 16 Jan 2020 at 09:07hrs | 3935 | by Victor Bhoroma
Month-on-month inflation sheds 0.91%
THE country's month-on-month inflation ended 2019 at 16,55 percent, shedding 0,91 percentage points on the November figure, data from the Zimbabwe National Statistics Agency (Zimstat) show. ...Published: 16 Jan 2020 at 07:27hrs | 860 | by Tarisai Mudahondo
In need of rear differential repairs?
Your rear axle differential serves a crucial purpose in your vehicle, and you calculate it to stay functioning properly. But what happens if your rear differential starts to malfunction or cannot work...Published: 15 Jan 2020 at 17:34hrs | 1127 | by Staff Writer
Guidelines on cryptocurrency to prevent problems in the future
When you start talking about crypto, people will look at you with a questioning eye thinking as if you have lost your mind. You will keep receiving comments that it is unlawful to invest in one. Howev...Published: 13 Jan 2020 at 13:17hrs | 869 | by Staff Writer
EuroLeague 2019/20 playoffs end in style
Watching sports provide an enriching experience that goes beyond just winning games. Online sports betting is gaining momentum, Euroleague sports fans are eager to discover the latest ...Published: 13 Jan 2020 at 13:06hrs | 684 | by Staff Writer
Guns before food
With millions of Zimbabweans facing starvation, hospitals and schools collapsing in the rubble of the economy and civil servants rejecting a 98% pay rise as inadequate, President Mnangagwa is reported...Published: 12 Jan 2020 at 20:32hrs | 4537 | by Zimbabwe Vigil Diary
Reserve bank to inject 500m cash into circulation
The Reserve Bank of Zimbabwe (RBZ) plans to inject half a billion new notes and coins into circulation by the first half of this year, according to Finance and Economic Development Minister Mthuli Ncu...Published: 12 Jan 2020 at 08:07hrs | 3053 | by Dr Masimba Mavaza
Schools, parents must meet halfway
Schools open in a few days' time and almost all Zimbabwean parents, to their immense credit and often with great financial sacrifice, have made the required arrangements to send their children to clas...Published: 12 Jan 2020 at 08:04hrs | 816 | by Dr Masimba Mavaza
Married cop offers underwear to lover's hubby
A SENIOR police officer based at Drill Hall's Traffic Section in Bulawayo has been caught having an affair with his married junior and exchanging gifts and favours at work.The married Inspecto...Published: 11 Jan 2020 at 19:42hrs | 6657 | by Staff Reporter
World Bank forecast 2,7pc growth for Zimbabwe
The World Bank has forecast Zimbabwe's economy to grow by 2,7 percent this year, a growth that almost tallies with Finance Minister Mthuli Ncube's 2020 National Budget projection of 3 percent. This fo...Published: 10 Jan 2020 at 09:28hrs | 1585 | by Staff Reporter
'Teachers need new skills to counter Zanu PF enslavement' - name just one profession with 0% unemployment
Once upon a time, 40 years ago but it might as well be 400 years ago for we have regressed so quickly we are now back in the dark ages, Zimbabwe used to produce enough food to not only feed all her pe...Published: 10 Jan 2020 at 07:55hrs | 1084 | by Wilbert Mukori
Chartered accountant backlash
There was a lot of backlash on the opinion piece on "Chartered Accountants killing Zimbabwe's Companies". There is th...Published: 09 Jan 2020 at 19:50hrs | 3998 | by Jacob Kudzayi Mutisi
Teachers need to be economically empowered so as to fearlessly stand up against government enslavement
A few days ago I was talking to my neighbour - who is a teacher - on the collective job action proposed by the two main teachers' unions in the country - who have called upon their members not to turn...Published: 09 Jan 2020 at 12:12hrs | 1310 | by Tendai Ruben Mbofana
Zimbabwean economy simplified
Issues concerning the economy are vital for any given country's revolutionary and evolutionary path since they are at the core of all movements. Most importantly an economic policy justifies the trans...Published: 08 Jan 2020 at 13:10hrs | 1296 | by Terence Simbi
Zim parents turn to South African schools
Unlike the 1970s when children came from South Africa, Zambia and Malawi for better education, more and more Zimbabwean parents now look across the Limpopo for schools which seem to promise a brighter...Published: 08 Jan 2020 at 12:26hrs | 3157 | by Mpongo Simwambi
Zanu-PF official in court for illegal gold mining
Zanu-PF legislator Dexter Nduna, the party's Mashonaland West provincial youth chairman Vengai Musengi and police acting officer commanding Chegutu District Superintendent Wonder Chisikwa allegedly il...Published: 08 Jan 2020 at 07:34hrs | 2952 | by Staff Reporter
We cannot allow Chartered Accountants (CA)s to continue killing our companies
As a shareholder with equity in every listed company on the Zimbabwe Stock Exchange (ZSE) with the majority of them battling to survive. The time has come to ask how the Zimbabwean companies and the S...Published: 07 Jan 2020 at 06:12hrs | 9837 | by Engineer Jacob Kudzayi Mutisi
Mnangagwa pledges to look into unjustified school fees hike
PRESIDENT Emmerson Mnangagwa has pledged to look into the unjustified increase in school fees saying his government will not allow school authorities to wantonly increase school fees as the school yea...Published: 03 Jan 2020 at 13:47hrs | 5358 | by Staff Reporter
Currency stability tops RBZ priorities -
Reducing inflation and maintaining a stable exchange rate are the Reserve Bank of Zimbabwe (RBZ)'s top priorities in the new year to bolster President Mnangagwa's drive to increase production, grow th...Published: 03 Jan 2020 at 00:28hrs | 3702 | by Staff Reporter
Econet half-year results reflective of a tough operating environment
Zimbabwe's mobile network giant Econet Wireless Zimbabwe posted a set of results that reflects the impact of hyperinflation on entities operating in Zimba...Published: 31 Dec 2019 at 16:19hrs | 1510 | by Agencies
Cassava reports first set of half year results post demerger from Econet
Zimbabwe Stock Exchange Listed entity Cassava Smartech Zimbabwe Limited (CSZL), which has business interests in mobile money, digital banking, insurtech a...Published: 31 Dec 2019 at 13:38hrs | 1246 | by Agencies
Zimbabwe govt warned against printing money
Business leaders have warned government to desist from excessive money printing, as it is negatively affecting real growth.Inflation happens if the money supply grows faster than economic outp...Published: 29 Dec 2019 at 11:38hrs | 10680 | by Staff Reporter
General Tongogara's ZANU PF died in 2017
Is this the country that Tongogara, Chitepo, JZ Moyo, Silundika and other gallant sons and daughters gave up their lives for?Is this version of ZANU PF the same liberation movement that Tongog...Published: 28 Dec 2019 at 07:38hrs | 12773 | by Dr Utete
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