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Company faces exchange control violation charges

A Harare-based company, Grant Thulisa (Pvt) Ltd, has been hauled before the courts on allegations of violating Zimbabwe's exchange control regulations after it allegedly misrepresented the amount of money spent on importing liquefied petro…

Published: 03 Aug 2025 at 12:17hrs | 201 | by Staff reporter

Body found floating in river, one arrested

The body of 33-year-old Shephard Mashava, who had been reported missing from Chinyudze Business Centre in Makoni, was discovered in a river on May 23, 2025.According to Acting Manicaland provincial police spokesperson, Assistant Inspector …

Published: 28 May 2025 at 10:40hrs | 124 | by Staff reporter

Crypto not yet subject to exchange controls

In a landmark ruling, the Pretoria High Court has clarified that cryptocurrencies do not fall under South Africa's exchange control regulations. The judgment came in a case between Standard Bank and the South African Reserve Bank (Sarb), s…

Published: 28 May 2025 at 10:40hrs | 68 | by Staff reporter

Zimbabwe lifts exchange rate controls

Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability and efforts to harmonise formal and info…

Published: 17 Apr 2025 at 07:36hrs | 11715 | by Staff reporter

Zimsec announces fixed exchange rate for examination fees

The Zimbabwe School Examinations Council (ZIMSEC) has set a fixed exchange rate of ZiG 26.65 to US$1 for examination fees paid in local currency between March 10 and March 14, 2025. This rate will apply to fees for the June and November O …

Published: 12 Mar 2025 at 11:39hrs | 1605 | by Staff reporter

ZiG scarcity has eased exchange rate depreciation

The limited availability of Zimbabwe Gold (ZWG) currency has helped ease exchange rate depreciation on the parallel market, although US dollar demand pressures have continued to push premiums higher towards the end of 2024.Introduced last …

Published: 16 Jan 2025 at 07:17hrs | 3120 | by Staff reporter

'ZSE left with two valuable counters'

The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several companies have been delisting from ZSE…

Published: 20 Nov 2024 at 07:03hrs | 199 | by Staff reporter

Zimbabwe urged to ditch 'command' exchange rate

The government of Zimbabwe is facing increasing pressure to abandon its "command" exchange rate for the Zimbabwe Gold (ZiG) currency, introduced in April, as businesses struggle to cope with currency distortions that threaten to push retai…

Published: 25 Sep 2024 at 09:21hrs | 3978 | by Staff reporter

Can Zimbabwe ZiG-zag away from the USD?

ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest coming in April 2024 through the ZiG. The ZiG is ba…

Published: 13 Sep 2024 at 16:04hrs | 2778 | by Nkosi Moyo

ZiG exchange premium skyrockets

Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rapid depreciation of the ZiG has sparked …

Published: 13 Sep 2024 at 16:03hrs | 7516 | by Staff reporter

Zimdollar further tumbles against US dollar

The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which officially traded at 6,192 per 1 U.S. dolla…

Published: 18 Jan 2024 at 17:52hrs | 1 | by Staff reporter

Mnangagwa, Lukashenko swap stuffed lion for tractor

The Belarusian and Zimbabwean leaders have exchanged gifts during Alexander Lukashenko's visit to the African stateBelarusian President Alexander Lukashenko has received a stuffed lion from his Zimbabwean counterpart Emmerson Mnangagwa, in…

Published: 01 Feb 2023 at 07:50hrs | | by Staff reporter

Zimbabwean businessman 'flouts' SA exchange regulations

Zimbabwean businessman Innocent Choga and his company Kiara International Limited (Kiara) have been flagged by South African authorities for allegedly "flouting" that country's exchange control regulations.South African monetary authoritie…

Published: 05 Oct 2022 at 06:40hrs | 5 | by Staff reporter

'Zimbabwe independence, freedom not for sale'

ZIMBABWE'S independence, freedom, democracy, sovereignty, patriotism, dignity and heritage are not for sale, President Mnangagwa has said.Addressing thousands of ruling Zanu-PF party supporters at a rally at Nhedziwa High School in Chimani…

Published: 23 Jul 2022 at 07:25hrs | 2 | by Staff reporter

Billion-dollar loans used to manipulate exchange rate

Fifteen major companies have been creating huge extra profits by borrowing billions of dollars, often from several banks, at concessionary interest rates, stocking up and then selling in US dollars and Zimbabwe dollars using black market e…

Published: 18 Jun 2022 at 07:22hrs | 9 | by Staff reporter

CBZ to introduce exchange trade fund

CBZ Asset Management says it will introduce an exchange trade fund (ETF) tomorrow, which tracks the Zimbabwe Stock Exchange (ZSE) modified consumer staples index.This comes as the Securities and Exchange Commission of Zimbabwe (SecZim) act…

Published: 02 Mar 2022 at 05:34hrs | 1 | by Staff reporter

Padenga delists, heads for VFEX

ZIMBABWE Stock Exchange (ZSE)-listed crocodile breeder, Padenga Holdings is set to delist today before switching to the Victoria Falls Stock Exchange (VFEX).The VFEX has struggled to attract counters since kicking off operations in october…

Published: 09 Jul 2021 at 12:06hrs | 1 | by Staff reporter

Victoria Falls Stock Exchange faces major hurdles

THE Victoria Falls Stock Exchange (VFEX) faces major hurdles going into the New Year with broad macro-economic challenges that are engulfing the economy affecting the bourse.A subsidiary of the Zimbabwe Stock Exchange, VFEX is expected to …

Published: 08 Jan 2021 at 07:46hrs | | by Staff reporter

Fresh headway in stock market plan

ZIMBABWE inched closer to establishing the Victoria Falls Stock Exchange (VFEX) on Friday, after the central bank and the Zimbabwe Stock Exchange (ZSE) inked a deal spelling out terms of a settlement system for the planned bourse.Regulator…

Published: 11 Oct 2020 at 10:59hrs | 1 | by Staff reporter

Victoria Falls exchange primed to be the best

Government plans to make the Victoria Falls Stock Exchange (VFEX), which will provide an avenue for foreign currency listings, one of the best in the region whose rules and regulations are in line with international best practice.The bours…

Published: 11 Oct 2020 at 10:02hrs | 1 | by Staff reporter

'Cryptocurrencies can list on Victoria Falls Stock Exchange'

The Zimbabwe Stock Exchange (ZSE) has said cryptocurrencies can list on its foreign currency-only bourse subject to regulatory approval.If the cryptocurrencies-a digital representation of value, that can be digitally traded and functions a…

Published: 01 Oct 2020 at 22:10hrs | 13 | by Staff reporter

Exchange rate upward pressure on

Exchange rate upward pressure onTHERE were signs this week that the grey market was slowly returning from its brief sabbatical following the monetary policy dawn raid of June 24 that called out the multi-currency regime sired in February 2…

Published: 12 Jul 2019 at 08:51hrs | 2 | by Brett Chulu

RBZ scraps 1:1 rate for oil marketing firms

The Reserve Bank of Zimbabwe (RBZ) has directed banks to discontinue twinning arrangements for their customers, with a view to promote efficient functioning of interbank market and willing-buyer willing-seller practice in trading of foreig…

Published: 21 May 2019 at 06:20hrs | | by Staff reporter

Exchange liberalisation right step: ICAZ

THE liberalisation of the foreign exchange rate by the Reserve Bank of Zimbabwe (RBZ) in this year's Monetary Policy Statement (MPS) has standardised financial reporting and done away with distortions emanating from the previous 1:1 exchan…

Published: 27 Mar 2019 at 23:06hrs | 1 | by Staff reporter

'RTGS/USD rate to settle at 1:2,5'

STOCKBROKING firm, IH Securities, believes the scrapping of the 1:1 exchange rate by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya in last week's 2019 Monetary Policy Statement, is revolutionary and would improve competitiveness…

Published: 25 Feb 2019 at 08:14hrs | 2 | by Staff reporter

Zanu-PF admits currency chaos

Zanu-PF has admitted that the government's monetary policies have failed and that it fears the worsening economic crisis could lead to riots.The ruling party's committee on the economy made the admission during Zanu-PF's annual conference …

Published: 23 Dec 2018 at 09:45hrs | 3 | by Staff reporter

Zimbabwe has over-valued US$ exchange rate

Zimbabwe has an over-valued exchange rate against the United States dollar and other major economies due to the singular usage of the greenback, economists have said, while pushing for the adoption of the South African rand.Zimbabwe uses a…

Published: 31 Jan 2017 at 05:49hrs | 1 | by Staff reporter

US-Zimbabweans launch own 'Facebook' for free online goods & services exchange

The world's first "Share Anything, Receive Everything" digital resource server releasedA team of computer experts from various backgrounds in the United States has met to harness their experiences through the launch of a free online data w…

Published: 08 May 2013 at 16:40hrs | 1 | by George Kaponay

3 companies proposing to list on the Zimbabwe Stock Exchange

The Zimbabwe Stock Exchange (ZSE) listing drought is expected to end amid revelations that three new companies are proposing to list on the local bourse.According to official sources within the market, three new firms have submitted their …

Published: 08 May 2012 at 05:23hrs | | by Staff reporter

Special bargain for Econet

FOREIGN investors exchanged a block of 625 000 Econet shares valued at US$3,1 million on the Zimbabwe Stock Exchange on Tuesday, in a special bargain deal, one of the biggest concluded this year.The transaction, executed by Interfin Securi…

Published: 14 Apr 2011 at 05:11hrs | 1 | by Bright Madera

Zimbabwe Commodity Exchange to be launched

Zimbabwe will on Friday revive the commodity exchange nearly a decade after such a noble gesture was abandoned when the Grain Marketing Board (GMB) was given monopoly to buy wheat and maize.GMBâˆšÂ¢â€šÃ‡Â¨â€šÃ‘Â¢s monopoly was removed in 2…

Published: 23 Feb 2011 at 12:58hrs | | by Byo24News

Introducing Commodity Exchange policy

THE introduction of the Commodity Exchange policy will create an appropriate marketing channel that promotes the orderly trading of agricultural commodities in a transparent and low-cost manner for the mutual benefit of all stakeholders, A…

Published: 15 Jan 2011 at 01:26hrs | 1 | by Byo24NEWS

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E.D. Mnangagwa road to close for sewer works

Armed forces and HIV infections

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Businessman shoots wife dead, commits suicide

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Redcliff plans CBD relocation

Munhumutapa day is not a public holiday

Shurugwi Town Council proposes 10km radius expansion

Zimbabweans in the eye of the SA immigration storm

Zimbabwean academic joins Sacomm executive

Advocate Thabani Mpofu wins at the Supreme Court again

India dumps US Treasury bills

Coltart appears opposed to slashing of parking charges

South African men can now adopt wives' surnames

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2 Zimbabwe immigration officers arrested over visa fraud

InDrive driver loses vehicle in armed robbery

Private sector to help in farm surveys to speed title deeds

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