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Ex-CIO RBZ director suspended again
Reserve Bank of Zimbabwe has suspended its senior officials pending investigations into allegations levelled against them by Finance and Economic Development Ministry chairman of the communications ta...Published: 6 hrs ago | 2481 | by Staff reporter
Mnangagwa, Chiwenga in tussle for RBZ
The Reserve Bank of Zimbabwe (RBZ) on Monday suspended four directors, just hours after the Finance Ministry's new communication tzar William Gerald Mutimunje, also known as Acie Lumumba, went on Face...Published: 7 hrs ago | 4333 | by ZimLive
RBZ captured by black market forex dealers, says Lumumba
Acie Lumumba has claimed that state security agents have narrowed down sources of illegal foreign currency dealings and will soon meet up with Finance Minister, Professor Mthuli Ncube to sniff out eco...Published: 12 hrs ago | 3918 | by Staff reporter
Mnangagwa's patience with Mangudya wearing thin
PRESIDENT Emmerson Mnangagwa's patience with the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya could be wearing thin, NewZimbabwe reported. Mnangagwa has failed to hide his annoyance with his ...Published: 20 hrs ago | 12215 | by Staff reporter
Mnangagwa's Cabinet: The skeletons are tumbling
The last time a Zimbabwean Cabinet minister publicly claimed that his hands were clean, he got rapped on the knuckles with handcuffs and thrown into the cooler for his efforts. Another minister has ju...Published: 21 hrs ago | 6922 | by Tawanda Majoni
'Everyone (petty forex dealers) must play to rules' says (vote rigging) ED - do you ever
President Emmerson Mnangagwa going after the foreign currency dealers with all guns blazing!"As we work towards improving and stabilising the flow of foreign exchange into the productive secto...Published: 21 hrs ago | 865 | by Patrick Guramatunhu
Mnangagwa unleashes CIO on cash barons
FINANCE minister Mthuli Ncube will this week meet with the country's State security agents for a briefing on the soaring foreign currency shortages as government tightens the noose on highly-placed fo...Published: 21 hrs ago | 5229 | by Staff reporter
Mnangagwa threatens
PRESIDENT Emmerson Mnangagwa has said everyone must play according to rules as economic saboteurs face imminent arrest. The President said those who walk through the straight and narrow need n...Published: 22 hrs ago | 1820 | by Staff reporter
'Stolen $90,000 belonged to Sandra Ndebele'
A WOMAN from Emganwini suburb in Bulawayo has accused musician Mrs Sandra Ndebele-Sibindi of viciously demanding that she repays nearly $90 000 which was stolen last week in an illegal money changing ...Published: 22 hrs ago | 1993 | by staff reporter
Black market dragnet targets bigwigs
President Emmerson Mnangagwa will invoke the Presidential Powers (Temporary Measures) Act to introduce tough regulations to bring currency manipulators to book.In his ...Published: 21 Oct 2018 at 15:29hrs | 2935 | by Staff reporter
Tackling the Zimbabwe black market
As we work towards improving and stabilising the flow of foreign exchange into the productive sector, we must at the same time ensure and enforce discipline in the market.This means everyone m...Published: 21 Oct 2018 at 15:26hrs | 2248 | by President Emerson D. Mnangagwa
Zimbabwe bakers plot $4 per loaf
Some stakeholders in the baking industry have held secret consultations over the past week to unilaterally peg the price of a standard loaf of bread to the prevailing black market rate of the United S...Published: 21 Oct 2018 at 15:25hrs | 3361 | by Staff reporter
Tendai Biti always has something to say
The Daily News on Sunday's Pauline Hurungudo sits down for a wide-ranging interview with former Finance minister Tendai Biti, who is also the deputy national chairperson for the MDC, about the state o...Published: 21 Oct 2018 at 14:19hrs | 1268 | by Staff reporter
Mnangagwa's ministers in political storm
POLICE have reportedly sought search and seizure warrants against named top Zanu PF officials and former Cabinet ministers as government begins swooping on cash barons and suspected economic saboteurs...Published: 21 Oct 2018 at 10:20hrs | 3164 | by Staff reporter
Sugar, cooking oil flood black market
The parallel market for basic commodities is flourishing again in Bulawayo as shortages blamed on a controversial government tax on electronic money transactions and foreign currency crisis worsens th...Published: 21 Oct 2018 at 09:43hrs | 906 | by Staff reporter
'Punish illegal forex dealers' argue Zanu-PF - itself illegitimate. Focus on the hyena, not the tick.
ZANU-PF's Secretary and deputy minister for Defence and War Veterans, Victor Matemadanda, said money from forex dealers should be forfeited to the State and Government should come up with a law that e...Published: 20 Oct 2018 at 18:02hrs | 2911 | by Patrick Guramatunhu
Mnangagwa's minister exposed charging in USD refuses Bond notes
Industry and Commerce Deputy Minister who is also Zanu-PF's representative in parliament for Bulawayo South Raj Modi's shop charges alcoholic drinks in United States dollars.Moji confirmed thi...Published: 20 Oct 2018 at 09:00hrs | 21692 | by Staff reporter
Ministers face arrest in blitz
POLICE have reportedly sought search and seizure warrants against named top Zanu-PF officials and former Cabinet ministers as government begins swooping on cash barons and suspected economic saboteurs...Published: 20 Oct 2018 at 08:18hrs | 1954 | by Staff reporter
Mthuli Ncube sympathises with Zimbabweans, to pay bonuses to civil servants
FINANCE and Economic Development Minister, Professor Mthuli Ncube has assured civil servants that they will receive their annual bonuses for this year despite austerity measures aimed at growing the c...Published: 20 Oct 2018 at 08:14hrs | 1528 | by Staff reporter
Mthuli Ncube working on measures to curb illegal forex deals
Government is working on a raft of measures to curb illegal and speculative foreign currency dealings that have resulted in prices sky-rocketing, Finance and Economic Development Minister Professor Mt...Published: 20 Oct 2018 at 08:09hrs | 615 | by Staff reporter
'Forfeit illegal forex dealers' money,' says Matemadanda
ZANU-PF's Secretary for war veterans, Victor Matemadanda, said money from forex dealers should be forfeited to the State and Government should come up with a law that empowers it to do so. Mat...Published: 20 Oct 2018 at 07:16hrs | 1818 | by Staff Reporter
Drug shortages hit Bulawayo hospitals
Health delivery institutions in Bulawayo continue to face shortages of essential drugs despite government prioritising the sector on forex allocation to ease the burden for patients.Government...Published: 19 Oct 2018 at 12:05hrs | 896 | by Staff reporter
Where are we?
We have a problem and a problem that we saw coming. It's not even a question of what went wrong. You see the political party that is called zanu pf is the problem here. Why we can't get this problem o...Published: 18 Oct 2018 at 17:26hrs | 2853 | by Clement Moyo
'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 | 1648 | by Nomusa Garikai
PPC mulls cement price increase
PPC Zimbabwe (PPC) is mulling an increase in cement prices to hedge against rising inflation, The Financial Gazette has learnt.In the wake of runaway United States dollar (USD) parallel market...Published: 18 Oct 2018 at 15:15hrs | 2374 | by Staff reporter
Zanu-PF bigwigs to sink in forex crackdown
A crackdown against foreign currency dealers will be rolled out in a few days and is expected to leave top executives in banks, companies and State institutions behind bars, Business Times has learnt....Published: 18 Oct 2018 at 07:32hrs | 12526 | by Staff reporter
RBZ stop illegal forex dealings
We have already plunged into 2008 demise where RBZ is printing out the bond notes and exchange them for foreign currency at black market. May I challenge Panonetsa Mangudya to respond to t...Published: 17 Oct 2018 at 17:36hrs | 4517 | by Isaac Nkomah
ED sold himself as 'steady and firm hand' - unmasked, 'Mugabe mark 2'
"There have been other worrying signs. At the weekend, in a column for the Sunday Mail, Mnangagwa declared that illegal foreign currency trade had become a "security issue". Mangudya was also quoted i...Published: 17 Oct 2018 at 17:27hrs | 5242 | by Nomusa Garikai
Drive out touts, money changers
Recent events in the country will leave anyone - including those outside Zimbabwe’s borders - having a rethink on our citizens’ claims to being one of the most literate nations on the continent....Published: 17 Oct 2018 at 16:05hrs | 2918 | by Staff reporter
Chamisa's MDC slams ban of jerry cans at service stations
The Nelson Chamisa-led MDC has scoffed at the shock move by Energy minister Joram Gumbo to impose a blanket ban on the use of jerry cans and other metal containers at fuel service stations.The...Published: 17 Oct 2018 at 15:50hrs | 595 | by Staff reporter
Mnangagwa closes in on forex kingpins
President Emmerson Mnangagwa's administration is apparently closing in on foreign currency kingpins - amid indications that a number of Zanu-PF bigwigs and prominent businesspeople are among those fac...Published: 17 Oct 2018 at 15:40hrs | 7024 | by Staff reporter
Zimbabwe's great war
There are many benefits to the study of history. While granted, some episodes of our past provide for great entertainment, the main benefit in my view is the ability to calmly examine historical event...Published: 17 Oct 2018 at 12:21hrs | 2556 | by Jealousy Dutiro
Mnangagwa urged to cut RBZ's role in illegal forex trade
PRESIDENT Emmerson Mnangagwa risks plunging the country into civil strife and anarchy if he failed to stop the Reserve Bank of Zimbabwe (RBZ) from fuelling illegal foreign currency trade on the street...Published: 17 Oct 2018 at 07:40hrs | 5131 | by Staff reporter
Mnangagwa closes in on money changers
President Emmerson Mnangagwa's administration is apparently closing in on foreign kingpins, amid indications that a number of Zanu-PF bigwigs and prominent businesspeople are among those facing immine...Published: 17 Oct 2018 at 07:23hrs | 10537 | by Staff reporter
Threat to Mnangagwa's economic agenda
As prices rise and the foreign currency black market becomes volatile, Zanu PF will find it harder to resist the urge to repeat its old errors. And, in the centre of it all, will be Emmerson Mnangagwa...Published: 17 Oct 2018 at 07:01hrs | 2896 | by newZWire
Business leaders conflicted over imports ban
ZIMBABWE'S business leaders want government to suspend the Statutory Instrument (SI)22, which is meant to protect local industry from cheap and non-essential imports, to counter the growing shortages ...Published: 17 Oct 2018 at 06:46hrs | 903 | by Staff reporter
Zimbabwe govt to ban use of jerry cans
GOVERNMENT will withdraw licences for fuel service stations found promoting acts of hoarding and overcharging of petroleum products thereby creating artificial shortages, a Cabinet Minister has said. ...Published: 16 Oct 2018 at 06:18hrs | 3202 | by Staff reporter
Mnangagwa calls forex dealers a security threat
President Emmerson Mnangagwa will soon descend on illegal currency trading, describing it and related illicit financial activities as a threat to national security.In the first installment of ...Published: 15 Oct 2018 at 16:28hrs | 3436 | by Staff reporter
ED threaten US$ black market dealers - on what charge, 'Same shit … different thug!'
"Same shit …. different island!" A vintage Caribbean Tourist T-shirt depicting a ganja smoking black Rasta with his trade mark dreadlocks complete with red/yellow/green/black vest greeting a dumfoun...Published: 15 Oct 2018 at 15:29hrs | 3545 | by Patrick Guramatunhu
List of black market forex dealers circulating on social media
A list with 26 names including some high profile people alleged to be black market foreign currency dealers and cash suppliers has surfaced on social media.There are reports that local commerc...Published: 15 Oct 2018 at 14:59hrs | 17966 | by Staff reporter
My son, eating vegetables and building a better Zimbabwe
My son, like most other kids, does not like to eat his vegetables. He also doesn't like to brush his teeth nor to take medicine when he is sick. He is a bright child, a good learner, and brings a lot ...Published: 15 Oct 2018 at 07:16hrs | 1584 | by Knowledge Moyo
'Inconsistent policies draining Zimbabwe business confidence'
Renowned American economist, Steve Hanke says Zimbabwe's new fiscal and monetary measures have left the market in a state of confusion, and opined that the country's annual inflation rate had topped 2...Published: 15 Oct 2018 at 06:30hrs | 534 | by Staff reporter
Zimbabwe inflation hits 155%
Government has triggered a storm after forging ahead to effect a draconian two percent tax on electronic transactions through a process legal experts say is unlawful.This comes as financial in...Published: 14 Oct 2018 at 13:07hrs | 7649 | by Staff reporter
Bond notes disaster: Zimbabweans count costs after a week of madness
Mary Muchenje bolted out of a pharmacy in Harare's Avenues area, only to stop a few metres away scratching her head.Muchenje's world had just crumbled after the pharmacists informed her she ne...Published: 14 Oct 2018 at 09:59hrs | 4306 | by Staff reporter
Forex shortages hit Western Union
MONEY transfer firm Western Union says Zimbabwe's ongoing foreign currency shortages are presenting some "unique challenges" amid growing reports that outlets in the country are disbursing only part o...Published: 14 Oct 2018 at 09:50hrs | 1652 | by Staff reporter
Edgars resumes exports
LISTED clothing retailer, Edgars Stores Limited has resumed exports after a decade as it seeks to improve its revenue base through foreign currency generation.Speaking during a tour of the clo...Published: 14 Oct 2018 at 09:43hrs | 357 | by Staff reporter
Fuels situation to normalise this week
Government expects the fuel situation to normalise this week after the Reserve Bank of Zimbabwe increased weekly allocations for imports for the second time this year to over $30 million.This ...Published: 14 Oct 2018 at 09:41hrs | 538 | by Staff reporter
Mthuli Ncube quell market fears
Finance minister Mthuli Ncube moved to calm the markets this week, saying the value of the bond note and the Real Time Gross Settlement (RTGS) is still at par with the United States dollar.His...Published: 12 Oct 2018 at 13:46hrs | 6740 | by Staff reportere
Mugabe in externalisation storm
Former President Robert Mugabe has found himself on a long list of individuals suspected to have externalised billions in recent years and forced to submit a list of properties he acquired outside the...Published: 12 Oct 2018 at 07:37hrs | 15807 | by Staff reporter
Zimbabwe black market rates tumble
PARALLEL market rates plummeted in Bulawayo yesterday after Government guaranteed the 1:1 convertibility value of Real Time Gross Settlement (RTGS) balances into the United States dollar as well as av...Published: 12 Oct 2018 at 06:53hrs | 6910 | by Staff reporter
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