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Zimbabwe's dollar stock exchange surges 45%

Zimbabwe's dollar-only stock market is riding a wave of gains, powered by gold miners cashing in on a 48% jump in the precious metal this year.The Victoria Falls Stock Exchange's benchmark index has surged 45%, lifting its market value to …

Published: 02 Oct 2025 at 20:24hrs | | by Staff reporter

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 | | 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 | 132 | 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 | 77 | 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 | 11 | 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 | 3128 | 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 | 211 | 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 | 3990 | 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 | 2786 | by Nkosi Moyo

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 | 14 | 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 | 21 | 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 | 17 | 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 | 10 | 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 | | by Staff reporter

Exchange rate manipulators to face the law

Those involved in black market trading and damaging the economy are acting illegally and face arrest and imprisonment, Vice President Constantino Chiwenga said yesterday, while stating that the Zimbabwe dollar will remain the major currenc…

Published: 21 Feb 2022 at 05:27hrs | 139 | 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 | 11 | by Brett Chulu

Secondary stock exchange for Bulawayo

PLANS of opening a secondary stock market exchange which will likely to be located in Bulawayo are at an advanced stage, an official said. In an interview with Sunday News Business on the sidelines of Zimbabwe Stock Exchange (ZSE) Initial …

Published: 07 Jul 2019 at 21:14hrs | 14 | by Staff reporter

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 | 926 | by Staff reporter

Unpacking floating of exchange rate by Zimbabwe

The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Mangudya in his monetary policy statement liberalised the exchange rate that is, departing from the 1:1 position of the bond notes or real time gross settlement (RTGS) with the United S…

Published: 22 Feb 2019 at 10:28hrs | | by Dr Mugano

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 | 15 | by Staff reporter

Daylight robbery of pricing at 4:1, but giving change at 1:1

As economic recovery measures are implemented, let's discuss this wrong mentality - yes, wrong - that nothing works until everything works because in real life there are no quick and easy fixes.For one, we should also be wary of armchair a…

Published: 07 Dec 2018 at 06:30hrs | 11 | by Conway Tutani

ZSE ranked best African market

THE Zimbabwe Stock Exchange (ZSE) has been ranked as the best performing market in Africa in the last five years.The local bourse has intermittently surged on the deterioration of economic fundamentals in the country, resulting in most inv…

Published: 18 Oct 2018 at 15:10hrs | 1081 | 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 | 12 | by George Kaponay

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Man jailed for transporting weed

Mutodi apologises to Guvamatanga

Plot to undermine the Geza Revolution

Chamisa abandons politics for CIA training?

IMF seeks clarity on Zimbabwe's plan to ditch US dollar

Zicosu students seek dialogue with Mnangagwa

South Africa plans toll fees at Beitbridge Border

4 Beitbridge customs agents arrested over Zimra fraud

Jeys Marabini to thrill Bulawayo fans with 'Umjolo' live performance

MSU students arrested for opposing Mnangagwa term extension

Robert Mugabe Jnr granted US$300 bail

Trio aces new charges in Bulawayo break-ins

3 missing Kuwadzana children found dead in car boot

Mliswa accused of launching a sponsored hatchet job

US govt shutdown affects Zimbabweans

IMF says Zimbabwe economy to grow at 6%

Minister faces court over labour reform delay

Zimbabwe banker's diploma gains UK accreditation

Zimbabwe hires 3 forensic pathologists from Cuba

Zimbabwe's mixed weather explained

RBZ, Ministry collide over platinum miners' payments

Zanu-PF Conference to be dominated by factionalism

2 NetOne executives on the run

Councillors outraged by directive to allocate stands to MPs

4 killed in Harare - Shamva road accident

SA-based medical expert Dr Raksha Balbadhur to grace Bulawayo spiritual event

JR Goddard conferred with Honorary PhD in Civil and Water Engineering

Zimbabwe comes second at Enactus World Cup

Mliswa dismisses reports that he fled Zimbabwe for SA

Busisa Moyo conferred with Honorary Doctorate