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Zimbabwe has cheaper data tariffs, claims Potraz
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) yesterday dismissed as false information circulating on social media that Zimbabwe has the most expensive data tariffs in Af...Published: 19 hrs ago | 193 | by Staff reporter
Plans to repeal crippling taxation on cards
THE Ministry of Mines and Mining Development is currently engaged in major discussions with fiscal and monetary authorities to address the issues of the punitive tax regime and surrender thresholds th...Published: 26 Feb 2021 at 06:55hrs | 1422 | by Staff reporter
Old Mutual sees ‘green shoots' in Zimbabwe
THE head of Old Mutual Zimbabwe says there are green shoots appearing in the economy after the devastation of a severe drought and the coronavirus pandemic."There are good signs emerging in ec...Published: 26 Feb 2021 at 06:54hrs | 1165 | by Staff reporter
'Auction rate is the real market rate'
THE auction exchange rate represents the proper market trends contrary to the contrived perception that the parallel market signifies the "real exchange rate", a senior Treasury official has said. &nb...Published: 26 Feb 2021 at 06:30hrs | 224 | by Staff reporter
Zimbabwe among 7 African governments using Israeli cyber-espionage tools
As internet penetration and smartphone usage increases across Africa, digital spaces have become increasingly important in organising opposition movements. In response, several governments have at tim...Published: 25 Feb 2021 at 20:17hrs | 2550 | by Staff reporter
Liquidity squeeze hits Zimbabwe
Zimbabwe's central bank is in the market mopping up excess liquidity using savings bonds as a deliberate action to regulate the quantity of money in circulation in addition to dealing with an exacerba...Published: 25 Feb 2021 at 16:19hrs | 1704 | by Staff reporter
Zimbabwe's exchange rates band to narrow
The gap between the official and parallel market exchange rates is expected to narrow further from the current 20% by the end of the year owing to the containment of reserve money, good agriculture se...Published: 25 Feb 2021 at 16:19hrs | 1517 | by Staff reporter
Mangudya in shock claims
Zimbabwe's central bank governor, John Mangudya, this week claimed the southern African country does not need "anyone's money" to extricate itself from its economic woes.The country, which is ...Published: 25 Feb 2021 at 16:19hrs | 3586 | by Staff reporter
3 banks to extend credit facilities to farmers
THE agriculture commodities exchange - the Zimbabwe Mercantile Exchange (ZMX) - to be introduced soon, has courted three banks willing to extend credit to farmers as more progress is made towards the ...Published: 25 Feb 2021 at 06:24hrs | 1667 | by Staff reporter
Fatal end to exorcism session
POLICE in Gweru have arrested two brothers on murder charges after turned violent during an exorcism session at a shrine, resulting in one of them fatally stabbing a son of a self-styled prophetess th...Published: 24 Feb 2021 at 22:49hrs | 2372 | by Staff reporter
Zimdollar remains steady
THE Zimbabwean dollar remains steady against the United States at 1:83 this week with the Reserve Bank of Zimbabwe (RBZ) saying it has resolved the issue of delayed settlement of foreign currency auct...Published: 24 Feb 2021 at 17:01hrs | 966 | by Staff reporter
RBZ resolves auction payment glitches
The Reserve Bank of Zimbabwe (RBZ) says it has resolved the delayed settlement of foreign currency auction payments that occurred at the end of last year, as the authorities continue to refine the sys...Published: 24 Feb 2021 at 05:44hrs | 421 | by Staff reporter
GMAZ threatens legal action against Daily Maverick
The Grain Millers Association of Zimbabwe has released a scathing response to the Daily Maverick Cartel Dynamics report.In a statement released by the Acting General manager Garikai Chaunza, t...Published: 23 Feb 2021 at 13:03hrs | 886 | by Nicholas Ncube
Police warn felons, rotten cops
ANGRY authorities vowed yesterday that they would hammer perpetrators of violent crime in the country, while also dealing ruthlessly with rogue police officers caught participating in criminal activit...Published: 21 Feb 2021 at 13:12hrs | 1318 | by Staff reporter
Zimbabwean banks strike forex auction settlement deal
ZIMBABWE's banking system has agreed to settle funds allocated at the foreign currency auction system within two weeks, central bank governor John Mangudya has said.Introduced in June 2020 to ...Published: 21 Feb 2021 at 07:06hrs | 1251 | by Staff reporter
Rains to drive Zimbabwe exports rebound
ZIMBABWE has been projected to narrow its trade balance in 2021 owing to better yields in the current agricultural season following a good rainfall season.According to a report by IH Securitie...Published: 21 Feb 2021 at 07:05hrs | 360 | by Staff reporter
Covid-19 pandemic grounds Zanu-PF
FINANCE and Economic Development minister Mthuli Ncube boycotted the Zanu-PF politburo on Wednesday, where the party's top brass spent hours discussing the dire state of the economy and how the ...Published: 20 Feb 2021 at 19:05hrs | 1502 | by Staff reporter
Zanu PF central committee member succumbs to COVID-19
ZANU PF central committee member Madeyi Maswi has died from complications associated with COVID-19.She was 54.Her son and family spokesperson Takundwa Maswi confirmed the death....Published: 20 Feb 2021 at 08:58hrs | 1089 | by Staff reporter
Pfumvudza, bond notes: Mnangagwa's saviour
THE gigantic lake TugwiMukosi is spilling. This is a rare phenomenon for a water body so big to spill less than four years after commissioning.It holds a promise that is too big to hide or ign...Published: 20 Feb 2021 at 08:55hrs | 753 | by Paidamoyo Muzulu
RBZ projects inflation fall
THE Reserve Bank of Zimbabwe (RBZ) yesterday forecast annual inflation to plummet to less than 10% this year, driven by a good agricultural season, fiscal and financial sector stability.Zimbab...Published: 19 Feb 2021 at 07:16hrs | 382 | by Staff reporter
Zimdollar to weaken after lockdown
DESPITE enjoying some illusory stability owing to depressed demand for foreign currency due to Covid-19 lockdowns, which reduced business activity, the Zimbabwe dollar remains volatile with high risks...Published: 19 Feb 2021 at 07:08hrs | 1367 | by Staff reporter
RBZ probes shady tycoons and firms
THE Financial Intelligence Unit (FIU) - an arm of the Reserve Bank of Zimbabwe (RBZ) - has opened a fresh investigation into firms and individuals who are using shelf companies to siphon money from th...Published: 19 Feb 2021 at 07:03hrs | 1206 | by Staff reporter
ZANU PF Central Committee member succumbs to Covid 19
ZANU PF Central Committee member Madeyi Maswi has died due to Covid 19 pandemic.She was 54.Family spokesperson Takunda Maswi who is also her son confirmed the death."She ...Published: 19 Feb 2021 at 06:52hrs | 4444 | by Simbarashe Sithole
Cash withdrawal limits, lending rates go up
THE Reserve Bank of Zimbabwe (RBZ) has increased withdrawal limits to $2 000 from $1 000 and reviewed upwards the bank policy and private sector lending rates as part of comprehensive measures to stre...Published: 19 Feb 2021 at 06:49hrs | 682 | by Staff reporter
Was November 2017 a false start for Zimbabwe?
THEN there was the incident in New York on 9/11, I drove into the garden of my daughter and her husband and they shouted at me to come and see what was happening.I walked into the house and sa...Published: 17 Feb 2021 at 20:19hrs | 1096 | by Eddie Cross
Zimdollar will maintain a 'fragile stability' this year report
ZIMBABWE's currency will maintain a "fragile stability" this year, continuing from the volatilities that haunted the domestic unit even after the introduction of theforeign currency auction system...Published: 17 Feb 2021 at 06:11hrs | 801 | by Staff reporter
Zimbabwe dams gain record inflows in more than 5 decades
Dams in the country have gained a record 47,5 percent inflows since 1974 following improved rains in the current 2020–2021 summer season, the Zimbabwe National Water Authority (ZINWA) says. ...Published: 17 Feb 2021 at 05:56hrs | 1581 | by Staff reporter
Mohadi's married lover feared he would overdose on sex booster
Vice President Kembo Mohadi's married young lover warned him he would overdose on an aphrodisiac as he prepared himself for some action in bed.The 71-year-old took two cups of the concoction t...Published: 16 Feb 2021 at 10:54hrs | 13511 | by Staff reporter
Wide Econet data network keeps businesses, communities going under lockdown
THE COVID-19 pandemic and the subsequent national lockdowns have underlined the importance of reliable data services in keeping people, communities, busin...Published: 15 Feb 2021 at 20:44hrs | 584 | by Agencies
Faultlines exposed in Seed Co deal
RESEARCHERS at advisory firm Imara dug deep into the hyped Seed Co empire merger before the transaction sailed through early this month and their verdict could stun a market that had long accepted the...Published: 15 Feb 2021 at 07:55hrs | 414 | by Staff reporter
Social media users lash Prophet Java
Self-styled Prophet Passion Java touched off a storm and attracted immediate backlash on social media Saturday after falsely claiming that comedian Madam Boss had succumbed to Covid-19.Java po...Published: 15 Feb 2021 at 07:46hrs | 1365 | by Staff reporter
SA re-opens 20 land borders including Beitbridge
South Africa will reopen 20 land borders tomorrow, the country's Cabinet decided yesterday.The border crossings between South Africa and Botswana, Lesotho, eswatini, Namibia, Mozambique and Zi...Published: 14 Feb 2021 at 12:34hrs | 1871 | by Staff reporter
OK Zimbabwe CEO retires after two years
ZIMBABWE Stock Exchange- listed retail giant OK Zimbabwe says its CEO Alex Siyavora will leave the group at the end of next month, after assuming the role just over two years ago. He will be replaced ...Published: 14 Feb 2021 at 09:51hrs | 1856 | by Staff reporter
Wananchi - never awaken a sleep-walking foe
Ignorance can be pure bliss.It makes life unburdensome through avoiding the inconvenience of putting up with inconvenient truths, facts and realities.What better way of preventing the ...Published: 14 Feb 2021 at 09:38hrs | 237 | by Bishop Lazarus
Zanu-PF land baron Chivhanga in dramatic 'catch and release'
ZANU-PF Chitungwiza youth leader Taurai Chivhanga was last week involved in a dramatic ‘catch and release', when he was arrested and released with no charge under unclear circumstances on the next d...Published: 13 Feb 2021 at 20:13hrs | 2029 | by Staff reporter
Chief Maduna must be declared a national hero
Chief Vezi Maduna Mafu of Filabusi who died this Saturday morning at the age of 86 should be declared a national hero, for his role in fighting the colonial Rhodesian government and principled stance ...Published: 13 Feb 2021 at 10:54hrs | 2463 | by Staff reporter
'Diaspora can drive Zimbabwe's economic revival'
Former Common Market for Eastern and Southern Africa (Comesa) business council secretary-general and past president of the Zimbabwe National Chamber of Commerce, Trust Chikohora, has challenged govern...Published: 12 Feb 2021 at 15:52hrs | 255 | by Staff reporter
'Forex enough to stabilise rate'
The exchange rate of the Zimbabwean dollar against the US dollar will continue to hold steady on the weekly auction market because the country is earning enough forex to support critical imports, the ...Published: 12 Feb 2021 at 05:34hrs | 374 | by Staff reporter
Apple to increase prices for apps and in-app purchases for its customers in Zimbabwe
US technology company Apple Inc, known for its iPhone range of smartphones, says it will soon increase prices for apps and in-app purchases for its customers in Zimbabwe. The company says this...Published: 11 Feb 2021 at 07:04hrs | 832 | by Staff reporter
'Forex auction eased liquidity crisis'
THE move by the Reserve Bank of Zimbabwe (RBZ to introduce the foreign currency auction system in June last year eased a liquidity crisis that swept through small-to-medium enterprises (SME), global r...Published: 11 Feb 2021 at 06:16hrs | 413 | by Staff reporter
Mnangagwa, Chiwenga-linked cartels take over public firms, mines, fuel sector - report
HIGHLY secretive cartels linked to President Emmerson Mnangagwa and Vice President Constantino Chiwenga are reported to have taken over the operations of key state-owned companies, including private f...Published: 10 Feb 2021 at 07:33hrs | 8101 | by Staff reporter
Tycoon Tagwirei's hold on Zim gold
BUSINESS kingpin Kudakwashe Tagwirei has long had a commanding position in Zimbabwe's US$100m-a-month fuel import market, and owns major stakes in banking, telecoms and the country's largest platinum ...Published: 10 Feb 2021 at 06:25hrs | 3030 | by Staff reporter
Zimbabwe must embrace 'spirit of optimism and confidence'
IT is my singular honour and privilege to have been invited to address this virtual Africa Reconstruction Global Summit organised by the World Economic Congress.The theme of this conference, Colla...Published: 10 Feb 2021 at 06:16hrs | 183 | by ED Mnangagwa
RBZ still optimistic about low inflation
Reserve Bank of Zimbabwe Governor, Dr John Mangudya, remains confident authorities will be able to maintain a lid on prices to curtail potential relapse into runaway inflation, following worrying incr...Published: 10 Feb 2021 at 05:29hrs | 211 | by Staff reporter
Mliswa's ex-lover has a son with SB Moyo?
Susan Mutami who has been trending for claiming Temba Mliswa is engaged in homophobic affairs and is seeking to end July Moyo, has reportedly made sensational claims that she has a son with the late F...Published: 06 Feb 2021 at 18:14hrs | 4015 | by Staff reporter
ZUPCO's three-tier fare structure unsustainable
On the 16th of January 2021, the now monopolized urban transporter ZUPCO announced a 100% fare hike for urban routes sighting falling revenues due to reduced carrying capacity of buses which has been ...Published: 06 Feb 2021 at 17:47hrs | 543 | by Nkosilathi Lesley Ngwenya
Forex trading guide: 9 valuable guides for beginners
Foreign exchange is one of the many areas people flock towards as far as investing is concerned. Many people around the world make a sustainable living purely from Forex trading. As a matter of fact, ...Published: 06 Feb 2021 at 16:40hrs | 591 | by Staff writer
Mnangagwa squanders international goodwill
THIS week's decision by the British government to impose sanctions on Zimbabwe's top security officials has thrown President Emmerson Mnangagwa's re-engagement agenda into disarray as the internationa...Published: 06 Feb 2021 at 16:23hrs | 618 | by Staff reporter
Colonialist UK pushes to further isolate the Mnangagwa government
THE United Kingdom's unexpected move this week to impose sanctions on four Zimbabwean security chiefs for human rights violations - following a series of critical pronouncements in recent months - sig...Published: 06 Feb 2021 at 16:22hrs | 576 | by Staff reporter
Council exchanges 150ha for grader, fuel pumps
MARONDERA Municipality has reportedly surrendered a 150 hectare piece of land to a local company in exchange for a grader and a fuel pump to be constructed at the local authority's workshop, among oth...Published: 06 Feb 2021 at 07:08hrs | 667 | by Staff reporter
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