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Service providers stop trading in Zimdollars
A MAJORITY of service providers and shops in the country were yesterday rejecting payments in local currency arguing that they were migrating to the new Zimbabwe Gold (ZiG) currency in a development t...Published: 07 Apr 2024 at 10:07hrs | 1 | by Staff reporter
Forex Trading: Indispensable tools for generating maximum profits
Forex trading is one of the best ways to diversify investment portfolios and earn a living. This activity has become incredibly popular, especially with ...Published: 13 Jul 2023 at 11:14hrs | 29 | by Staff Reporter
Zimbabwe govt appears stumped by latest Zimdollar slide
VICE-PRESIDENT Constantino Chiwenga told attendees at the Zimbabwe International Trade Fair (ZITF) International Business Conference this week, essentially, not to worry about the economy.Spec...Published: 28 Apr 2023 at 07:02hrs | 2 | by Staff reporter
Edgars branch forced to relocation by vendors
GIANT retail clothing company, Edgars Stores Limited, has closed one of its prominent branches in Bulawayo citing the need to secure an alternative location that suits its brand expectation amid press...Published: 28 Feb 2023 at 07:38hrs | 16 | by Staff reporter
Zimbabwe rules out US dollar return
VICE President Constantino Chiwenga has declared Zimbabwe will never revert to the dollarisation era despite evidence the Zimdollar is sharply weakening.Economists have even warned the local c...Published: 21 Feb 2022 at 05:37hrs | | by Staff reporter
Black market rates hurt Zimbabwe economy
GOVERNMENT should take bold steps to tackle the continued speculative parallel market activity whose obscene exchange rates are hurting the entire economy, economist and former Reserve Bank of Zimbabw...Published: 05 Jan 2022 at 05:55hrs | | by Staff reporter
More jail time for illegal forex traders
PROSECUTOR-General, Mr Kumbirai Hodzi, has warned of more jail time for economic saboteurs while the Reserve Bank of Zimbabwe (RBZ) says it will intensify the blitz against manipulation of the local c...Published: 10 Oct 2021 at 06:36hrs | 1 | by Staff reporter
Zimdollar flat as street traders push cash transactions
The local currency was flat on Tuesday after it depreciated by a marginal 0.004% at the latest auction to trade at 81.3531 against the US dollars while the street rate remains range bound at between 9...Published: 27 Oct 2020 at 17:45hrs | 1 | by Staff reporter
Zimbabwe customers hit back at unscrupulous businesses
Prices of some local products appear to have entered a self-correction mode as consumer demand is said to have declined by at least 40 percent. Just last week, listed beverages giant Delta Cor...Published: 14 May 2019 at 07:27hrs | 1 | by Staff reporter
Money changers feeling the pinch
Black market foreign currency traders have been hit hard by the new measures that were announced by the Reserve Bank of Zimbabwe (RBZ) last week, which have seen parallel rates beginning to stabilise....Published: 26 Feb 2019 at 13:21hrs | | by Staff reporter
What type of forex trader are you?
Forex traders come in all shapes and sizes. Everyone has their own unique style of trading forex, but it is possible to discern some similarities between successful traders. There are some dis...Published: 19 Feb 2019 at 06:44hrs | 33 | by Staff Reporter
Forex traders on the increase
Illegal money changers pose while exchanging a new Zimbabwe bond note (L) and U.S. dollar notes in the capital Harare, Zimbabwe, November 28, 2016. REUTERS/Philimon BulawayoAN increasing numbe...Published: 01 Feb 2019 at 14:10hrs | 1 | by Staff reporter
Government supports online forex traders
THE Government is ready to support the Forex Traders' Association of Zimbabwe (Fotraz) through the establishment of a Special Economic Zone. Industry and Commerce Deputy Minister Raj Modi said this at...Published: 29 Jan 2019 at 23:20hrs | | by Staff reporter
Illegal forex traders desert their usual selling points
The hordes of illegal foreign currency traders who had made the streets of Harare their home are increasingly becoming a rare sight, as President Emmerson Mnangagwa's abatement measures take effect....Published: 14 Nov 2018 at 13:39hrs | | by Staff reporter
'Deal ruthlessly with illegal forex traders' - first deal with Banks for NOT trading
No pain no gain! Is a phrase that has been abused in Zimbabwe to get the poor to give up the little they have for a better tomorrow that is always a day away. After 38 years of these empty promises th...Published: 18 Oct 2018 at 16:47hrs | 1 | by Nomusa Garikai
Forex trading a hit
FOREX trading has become one of the most innovative ways being used by a number of people in the country for a living.Bulawayo-based forex trade broker Mr Kuda Mazanga said most people especia...Published: 05 Aug 2018 at 09:38hrs | 1 | by Staff reporter
Forex dealers pushed back for Mnangagwa's arrival
Security details yesterday pushed back illegal foreign currency dealers from the Meikles Hotel where President Emmerson Mnangagwa was meeting a high-profile delegation of Chinese investors.Mna...Published: 12 Jun 2018 at 16:30hrs | | by Staff reporter
Mnangagwa headache over moneychangers
Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice.This comes as th...Published: 07 Jun 2018 at 15:13hrs | | by Staff reporter
Forex dealers get free rein
The Zimbabwe Republic Police says it is finding it difficult to bring cash vendors to book because there is need for an officer of the law to witness an illegal transaction before effecting an arrest....Published: 17 Jan 2018 at 05:54hrs | 2 | by Staff reporter
'Banks pumping cash into black market'
Banks have been fuelling the currency black market in Zimbabwe by moving bond notes onto the streets in search of the now elusive US dollar, economic experts, monetary and fiscal authorities have conf...Published: 29 Sep 2017 at 16:08hrs | 2 | by Staff reporter
Chinamasa threatens cash, forex traders
CABINET has approved a host of measures to arrest artificial shortages of basic commodities and the price madness triggered by economic saboteurs through social media, with Finance and Economic Develo...Published: 28 Sep 2017 at 06:26hrs | | by Staff reporter
Latest pyramid scheme to hit Bulawayo
On Saturday morning, a horde of well-dressed young men and women turned their backs on the glass doors of a three-star city hotel in disappointment.The man who they had dressed up for had not ...Published: 25 Jul 2017 at 07:22hrs | 1 | by Staff reporter
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