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Different Types of Forex Brokers
Different Types of Forex Brokers The foreign exchange market is a global, decentralized marketplace where currencies are traded. This i...Published: 09 Jan 2025 at 16:16hrs | 461 | by Staff Reporter
Zimbabwean Nationals are a target of international cyber criminals
As more and more Zimbabweans embrace the digital economy, the rise of cybercrime has become a significant concern for its citizens. With increasing internet penetration, more individuals are engaging ...Published: 20 Dec 2024 at 12:19hrs | 316 | by Jacob Kudzayi Mutisi
Cracking the code on forex trading: How does it really work?
Engaging in forex trading presents an opportunity for South Africans to participate in the international financial scene and potentially make profits by leveraging currency fluctuations. There is grow...Published: 27 Sep 2024 at 23:12hrs | 595 | by Staff Reporter
Zimbabwe central bank dragged to court over forex
Linda Tsungirirai Masarira has filed an urgent High Court application against the Reserve Bank of Zimbabwe (RBZ), alleging that ordinary citizens are being unfairly constrained in accessing foreign cu...Published: 21 Jun 2024 at 11:30hrs | 19 | by Staff reporter
Judge recuses herself from Mutsvangwa bail case
High Court judge Justice Esther Muremba has recused herself in the bail application for Zanu PF bigwigs Monica and Christopher Mutsvangwa's son, Neville, who is accused of violating the Exchange Contr...Published: 27 May 2024 at 10:17hrs | 8 | by Staff reporter
Neville Mutsvangwa's bail ruling postponed
Neville Mutsvangwa, the son of Zanu-PF stalwarts Monica and Christopher Mutsvangwa, will remain in custody for an additional five days as his bail hearing has been rescheduled to May 27.Mutsva...Published: 22 May 2024 at 11:43hrs | 16 | by Staff reporter
Exploring the World of Forex Trading in Zimbabwe with MetaTrader 5
Forex trading, the dynamic process of exchanging currencies, is becoming increasingly popular in Zimbabwe. The Forex market offers a viable platform as individuals and traders look for new o...Published: 19 Mar 2024 at 12:16hrs | 66 | by Staff Reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | 4 | by Staff reporter
BCC moves to stem dirt, chaos and decay in CBD
BULAWAYO City Council (BCC) has given informal traders, kombi, bus and pushcart operators, and those involved in illegal car wash business in the city centre an ultimatum to cease their illegal activi...Published: 29 Jan 2024 at 05:57hrs | 2 | by Staff reporter
'ZRP forex dealers days numbered'
The police have issued a warning about cracking down on their own members involved in illegal foreign currency trading on the streets. National police spokesperson Assistant Commissioner Paul Nyathi m...Published: 31 Oct 2023 at 05:50hrs | 3 | by Staff reporter
Is Forex Trading Halal or Haram? A Comprehensive Analysis
Forex trading, or the act of exchanging currencies on the foreign exchange market, is a topic of debate in various circles, particularly among Muslims who seek to ensure that their trading activities ...Published: 24 Sep 2023 at 18:39hrs | 43 | by Staff Reporter
Bulawayo bus operators bend the rules, flout BCC by-laws
WITH the words "Inter Africa" inscribed at the back, a silver Toyota Quantum vehicle makes a sudden stop and a tout bolts out, approaches two women and asks where they are travelling to. The tout tell...Published: 15 Jul 2023 at 11:38hrs | 20 | 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 | 28 | by Staff Reporter
Zimdollar demand soars
DEMAND for the Zimbabwean dollar continues to soar as more businesses and individuals seek to transact using the local currency, which has regained its lost value for the third consecutive time at the...Published: 05 Jul 2023 at 07:15hrs | 1 | by Staff reporter
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 3 | by Staff reporter
Zimdollar nosedives
By close of business on Thursday, soldiers, police, health workers and other civil servants in Zimbabwe went home with the reality that their salaries could barely buy 30 loaves of bread.This ...Published: 09 Jun 2023 at 17:09hrs | 1 | by Staff reporter
Money changers hijack POS machines for big transactions
DECKED out in trendy designer wear, clutching energy drink cans and munching take-aways while engaging in high-pitched conversations, illegal money changers, popularly known as osiphatheleni who have ...Published: 22 May 2023 at 06:35hrs | 3 | by Staff reporter
Intercity buses turn Bulawayo CBD into a Mbare
CALL it lawlessness or chaos. This is what several long-distance bus operators plying intercity routes are turning Bulawayo city centre into.For sometime, there has been rampant illegal pickin...Published: 08 May 2023 at 06:09hrs | 4 | by Staff reporter
BREAKING: stand-off between Police and suspected armed robbers at Fidelity Building
There are reports of a stand-off between Police and suspected armed robbers at Fidelity Building in Bulawayo.Ezra Tshisa Sibanda reporting on his Facebook page that: Ther...Published: 17 Sep 2022 at 13:11hrs | 23 | by Staff Reporter
Get Started with Forex Day Trading: Forex Trading Guide for Amateurs
Foreign exchange, sometimes known as "forex," is the exchange of currencies between buyers and sellers in a network at a specified price. It is a method used by people, businesses, and central banks t...Published: 16 Sep 2022 at 06:12hrs | 20 | by Staff reporter
Zimdollar slides to $604.2 against US dollar
THE Reserve Bank of Zimbabwe (RBZ) has allotted a combined US$15, 625 million to the main and Small and Medium Enterprise (SMEs) foreign exchange platforms this week, a slight increase from last week'...Published: 14 Sep 2022 at 05:46hrs | | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 13 | by Victoria Ruzvidzo
Zimbabwe's shutdowns not the best protest strategy
WORSENING economic conditions, coupled with growing unemployment as most Zimbabweans struggle to eke out a living in the informal sector are among the major reasons why this week's shutdown flopped....Published: 14 May 2022 at 19:42hrs | 14 | by Staff reporter
Zimdollar tanks against US dollar
THE Zimbabwean dollar further weakened against the United States dollar at the weekly forex auction system on Tuesday, trading at Z$165,99 to the green back.Last week, the local currency trade...Published: 04 May 2022 at 20:06hrs | 2 | by Staff reporter
How to make money trading forex
Forex, or foreign exchange trading, is a marketplace that has captured the imagination of retail traders over the last several years. This is a market that is based upon the price of currencies about ...Published: 08 Mar 2022 at 21:44hrs | 13 | by Staff Writer
Dutch Auction Market vs Local Allocation System
The Reserve Bank of Zimbabwe (RBZ) launched the Dutch auction system on the 23rd of June 2020 to improve transparency in the distribution of foreign currency locally. Initially the auction exchange pl...Published: 23 Feb 2022 at 19:38hrs | 4 | by Victor Bhoroma
Dutch Auction Market vs Local Allocation System
The Reserve Bank of Zimbabwe (RBZ) launched the Dutch auction system on the 23rd of June 2020 to improve transparency in the distribution of foreign currency locally. Initially the auction exchange pl...Published: 04 Feb 2022 at 15:08hrs | 3 | by Victor Bhoroma
RBZ resumes forex auction
THE weekly Foreign Currency Auction Trading System resumed activity this Tuesday after the festive season break with the Zimbabwe dollar trading at 112,82 against the United States dollar.The ...Published: 20 Jan 2022 at 05:33hrs | | by Staff reporter
Forex auction reopening deferred to next week
THE Reserve Bank of Zimbabwe (RBZ) has deferred to January 18 the recommencement of the foreign currency auction trading citing Covid-19-induced delays in submission of bids by businesses and organisa...Published: 10 Jan 2022 at 05:59hrs | | by Staff reporter
RBZ defers forex auction
The Reserve Bank of Zimbabwe has deferred the first foreign exchange auction of the year following delays in the submission by authorised dealers of the necessary information needed to carry out due d...Published: 07 Jan 2022 at 05:52hrs | | by Staff reporter
Why Forex can be a smart way to invest your money
The world has changed dramatically over the last few years, and many people are seeing their cost of living going up. If you are finding yourself in a situation where your money isn't going as far as ...Published: 06 Jan 2022 at 12:38hrs | 20 | by Staff Writer
Zimdollar plunges into death spiral
ZIMBABWE's currency is in a death spiral and headed for a tragic end, two years after it was re-introduced into circulation, stoking fears of the 2008 hyperinflationary era where the government was fo...Published: 15 Oct 2021 at 20:22hrs | 1 | by Staff reporter
RBZ directs banks to detect currency abusers
THE Reserve Bank of Zimbabwe (RBZ) has directed banks to configure their automated transaction systems in order to implement robust mechanisms that detect the abuse of debit cards in facilitating ille...Published: 14 Oct 2021 at 06:20hrs | 5 | by Staff reporter
Mnangagwa's govt fears currency crisis may trigger social uprising
PRESIDENT Emmerson Mnangagwa's government is intensifying its sweeping crackdown on foreign currency traders in the volatile market amid growing fears of an exchange rate-driven economic meltdown, The...Published: 09 Oct 2021 at 07:24hrs | 2 | by Staff reporter
Govt ups forex black market fight
GOVERNMENT is implementing a raft of additional measures to curb the illegal trading of forex and the benchmarking of prices using the parallel market rates, Finance and Economic Development Minister ...Published: 08 Oct 2021 at 06:26hrs | 2 | by Staff reporter
Auction market cannot end the parallel market
Despite launching the Dutch inspired Foreign Currency Auction System (FCAS) in June 2020 (Almost 1 year running), the Zimbabwean economy continues to face acute foreign currency shortages on the forma...Published: 19 Jun 2021 at 08:52hrs | 13 | by Port Louis Riverfront, Mauritius
Cloud computing: How this trading tech will boost the future of forex trading
As the world's largest financial market, the foreign exchange sees a daily average trading volume of $5 trillion, with price movements affected by factors such as different countries' economic growth,...Published: 03 May 2021 at 08:00hrs | 13 | by Staff writer
How does the currency market work?
Forex trading has become very popular among retail traders over the last decade, thanks to technological advancements and low barriers to entry. If you are interested in joining in on...Published: 22 Apr 2021 at 06:51hrs | | by Staff Writer
South African Rand trades near 2021 highs after US inflation data
The South African Rand continues to be one of the most-watched emerging markets currencies by retail FX CFD traders, as the new COVID-19 cases seem to have plateaued at low levels and economic prospec...Published: 22 Apr 2021 at 06:10hrs | 19 | by Staff writer
What Zimbabweans must know about Retail Forex Trading
The forex market is the largest financial market in the world surpassing even the global stock markets. The BIS triennial survey of 2019 states that the global forex market generates nearly 6.6 trilli...Published: 06 Mar 2021 at 05:21hrs | 20 | by Staff writer
'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 | 1 | by Staff reporter
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 | 33 | by Staff writer
Bleak Christmas as cost of living rises again
THE cost of living for a family of six increased by 5,66% to $22 976 in November, underpinned by a rampaging parallel market exchange rate, according to the Consumer Council of Zimbabwe (CCZ)....Published: 23 Dec 2020 at 07:11hrs | 11 | by Staff reporter
Masiyiwa in Bloomberg's top 50
ZIMBABWEAN businessman and philanthropist, Mr Strive Masiyiwa, has been named by Bloomberg among the top 50 prominent figures that have changed the global business in 2020. The annual Bloomber...Published: 07 Dec 2020 at 06:57hrs | 5 | by Staff reporter
Businesses dodge forex tax
Treasury has tightened measures to bring to book businesses that are dodging tax obligations in foreign currency amid concerns that most forex sales in the country are not accurately accounted for, th...Published: 28 Nov 2020 at 07:10hrs | 3 | by Staff reporter
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 11 | by Staff reporter
Zimbabwe set to lose $1 billion in potential revenue
ZIMBABWE'S cash-strapped government is set to forgo over $1 billion in revenues from the intermediated money transfer tax (IMTT) as a result of policy inconsistencies, analysts have said.The g...Published: 30 Aug 2020 at 10:58hrs | | by Staff reporter
Mangudya stabilizes market and prices through Foreign exchange auction
The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bi...Published: 26 Aug 2020 at 13:30hrs | 10 | by Tinashe Eric Muzamhindo
Technology has transformed financial trading for investors
Whether you are a retail or institutional investor planning to buy equities, property, currencies, commodities or futures in the coming months, technology will play a vital role in your attempts to al...Published: 13 Aug 2019 at 14:34hrs | 14 | by Staff Writer
Why choosing the right forex broker is crucial to success
Forex trading online has become hugely popular across the globe in recent years. It's easy to see why it has taken off in such a way: social trading platforms provide access to financial products for ...Published: 29 Jul 2019 at 12:30hrs | 1 | by Staff Writer
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