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Mangudya faces daunting task
RESERVE Bank of Zimbabwe governor John Mangudya will soon present his mid- term Monetary Policy Statement, tasked with introducing a cocktail of measures to instil confidence in the market amid a deep...Published: 13 Sep 2019 at 07:38hrs | 1210 | by Staff reporter
Zimdollar plunges 79%
ZIMBABWE'S inflation-ravaged dollar has plunged 79% against the greenback since it was declared the sole legal tender on June 24, amid an acute foreign currency shortage and diminishing market confide...Published: 12 Sep 2019 at 21:03hrs | 1080 | by Staff reporter
MDC led council hikes water costs by 900%
Harare City Council has torched a storm following its proposal to increase water charges by at least 900 percent, while some ratepayers will now be charged in foreign currency.Water charges wi...Published: 10 Sep 2019 at 19:28hrs | 492 | by Staff reporter
Nust receives $900,000 for DNA lab
THE Government has released $900 000 to the National University of Science and Technology's (Nust) DNA lab which is involved in national projects including profiling of Cyclone Idai victims. T...Published: 10 Sep 2019 at 07:12hrs | 470 | by Staff reporter
Mnangagwa's govt should improve primary health care: Cross
FORMER MDC MP Eddie Cross, has called on government to roll out primary health care facilities in remote areas and ensure they are within walking distance to reduce preventable deaths.Cross ma...Published: 09 Sep 2019 at 12:41hrs | 266 | by Staff reporter
Zimbabweans choose work over mourning Mugabe
A day after ex-strongman and founding leader Robert Mugabe died, the only clear sign that Zimbabwe was in mourning were flags flying at half mast.The streets and shops were packed, weddings an...Published: 08 Sep 2019 at 13:20hrs | 1797 | by AFP
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | 2691 | by Victor Bhoroma
Industry raps Mthuli Ncube's half-hearted currency reforms
INDUSTRY has rapped Finance and Economic Development minister Mthuli Ncube over his "half-hearted approach" to the currency reforms, saying the continued use of the United States dollar in the market ...Published: 04 Sep 2019 at 08:35hrs | 1155 | by Staff reporter
Cops raid, steal US$41,000 from realtor
TWO serving members of the Zimbabwe Republic Police appeared at the Harare Magistrates' Court on Friday facing theft charges after they allegedly raided a project manager of an infrastructure developm...Published: 02 Sep 2019 at 07:55hrs | 1180 | by Staff reporter
Zesa on brink of collapse
ZIMBABWE'S state-owned power utility Zesa Holdings (Zesa) is on the brink of collapse due to a plethora of problems.It is beset by multiple crippling factors, including rampant power theft, no...Published: 30 Aug 2019 at 20:24hrs | 5173 | by Staff reporter
Victoria Falls seeks load shedding exemption
VICTORIA FALLS councillors have called for the resort town to be exempted from Zesa load shedding - which has also affected water supplies - and left the tourism hub with no electricity.The to...Published: 29 Aug 2019 at 07:39hrs | 383 | by Staff reporter
Fuel price disparity sparks outcry
THE move to peg fuel price according to delivery distance from Harare has sparked outcry among consumers and business leaders who feel the move will disadvantage communities that are far from Harare. ...Published: 29 Aug 2019 at 07:29hrs | 745 | by Staff reporter
EcoCash bureau de change launch to spur financial inclusion in Zimbabwe
THE recent launch of a bureau de change by Zimbabwe's leading mobile money service provider EcoCash after approval by the country's central bank is likely to help channel more remittances through form...Published: 28 Aug 2019 at 07:41hrs | 633 | by Sifelani Tsiko
He taught us to listen, not simply hear
Murisa Village in Chiweshe, Mash. Central was plunged into great mourning after the passing on of Morris Murisa, a grandfather, father, bee farmer, unifier and fountain of wisdom. He was 'literally a ...Published: 25 Aug 2019 at 22:33hrs | 193 | by Thomas Tondorindo Murisa
Cassava announces free remittances to Zimbabwe via Sasai App
Cassava Fintech, a wholly owned subsidiary of the Econet Group, says with effect from September 1, 2019, Zimbabweans sending money from the Diaspora will pay only 2.5% in remittance fees, a drastic re...Published: 25 Aug 2019 at 18:59hrs | 1384 | by Staff reporter
'Austerity ends in 2019,' says Muthuli Ncube
While Government has instituted a batch of key macro-economic reforms since late last year, which analysts say have set the economy for recovery and sustainable growth, the chief architect of the chan...Published: 25 Aug 2019 at 08:42hrs | 4854 | by Staff reporter
Solar products still expensive despite duty waiver
The prices of solar panels, batteries and other accessories have remained high despite the recent move by Government to remove duty on all imported solar kits. This means the high prices of so...Published: 24 Aug 2019 at 09:00hrs | 438 | by Staff reporter
Econet launches digital mobile bureau de change
ECOCASH has launched a digital mobile phone-based bureau de change in a move set to increase competition in the foreign currency exchange business. The innovative facility, a first by a mobile...Published: 23 Aug 2019 at 07:34hrs | 864 | by Staff reporter
'More Zimbabwean families survive on diaspora remittances'
THE majority of poverty-stricken Zimbabwean families are now heavily dependent on diaspora remittances for their upkeep as the economy continues on a nosedive, with the value of the local currency fai...Published: 22 Aug 2019 at 07:47hrs | 646 | by Staff reporter
Forex black market becomes unpopular
BUREAUX de Change are becoming popular among Bulawayo residents as they are slowly eating into the parallel market's business. To date, the RBZ has licensed over 46 bureaux de change that are ...Published: 20 Aug 2019 at 08:40hrs | 4789 | by Staff Reporter
Forex payments for forex contracts, says Zimbabwe Court
In a land mark ruling that could have far reaching consequences, a Mutare High Court judge, Justice Isaac Muzenda has ordered that a 2016 contract be settled in US dollars.The recent judgment ...Published: 19 Aug 2019 at 18:23hrs | 4590 | by Staff reporter
Zimbabwe troops and police deployed in force
Troops and police deployed in force in Zimbabwe's second city of Bulawayo on Monday in a bid to deter a planned opposition march, three days after brutally dispersing a banned protest in the capital H...Published: 19 Aug 2019 at 14:07hrs | 2437 | by AFP
Zimbabwe finds a new ally in the UAE
ZIMBABWE is going through an unbelievable socio-economic crisis and is slowly reaching a tipping level. With skyrocketing inflation, a biting forex crunch and failing institutions among the myriad iss...Published: 16 Aug 2019 at 08:22hrs | 432 | by Staff reporter
Fact-checking Mthuli Ncube
"It's early days, we just introduced the new currency regime a little over a month ago, so it (the new currency) is trying to find its way, it is trying to find equilibrium; it will get there and clos...Published: 15 Aug 2019 at 07:27hrs | 1187 | by Staff reporter
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 | 751 | by Staff Writer
Forex duty for raw materials suspended
Government has exempted 12 food and beverages companies from paying duty in foreign currency when importing certain raw materials quantities necessary for their production processes. Also on t...Published: 13 Aug 2019 at 07:09hrs | 583 | by Staff reporter
Interbank trades hit US$5m daily
Over US$5 million is now being traded daily on the interbank foreign exchange market as business confidence on the platform continues to grow. President Mnangagwa revealed these statistics in ...Published: 13 Aug 2019 at 07:07hrs | 536 | by Staff reporter
Fuel company cheats Government
Energy and Power Development Minister Fortune Chasi says some fuel companies were applying to access foreign currency to import fuel but when the fuel arrives in the country they divert it to bl...Published: 12 Aug 2019 at 16:03hrs | 5473 | by Mandla Ndlovu
Vaya proposes fix to fuel & forex problem
CASSAVA Smartech's logistics unit, Vaya, has accelerated the introduction of its new services - Vaya Carpool and Vaya Shuttle - in a bid to help alleviate the fuel crisis in Zimbabwe. Ch...Published: 12 Aug 2019 at 07:50hrs | 310 | by Staff reporter
The futility of Mthuliconomics
We used to have that chap called Gideon Gono at the Reserve Bank of Zimbabwe. He was always full of energy, busy doing things that never solved any problem. The cynics called that egonomics.Go...Published: 11 Aug 2019 at 11:26hrs | 319 | by Tawanda Majoni
Latest on Zimbabwe electricity problems
Electricity load shedding is set to continue in Zimbabwe despite the 400megawatts that was pumped into ZESA by the South African power utility Eskom.ZESA spokesperson Fullard Gwasira on Friday...Published: 11 Aug 2019 at 09:58hrs | 6212 | by Mandla Ndlovu
Ingwebu Breweries re-introduces mahewu
REBOUNDING Bulawayo Municipal Commercial Undertaking (BMCU)'s beverages manufacturing unit, Ingwebu Breweries will re-introduce its non-alcoholic sorghum drink, Royal Mahewu next month as it seeks to ...Published: 11 Aug 2019 at 07:28hrs | 319 | by Staff reporter
Beitbridge border post toll fees hiked, paid in forex only
THE Minister of Transport and Infrastructural Development Minister Joel Biggie Matiza yesterday gazetted Statutory Instrument 174 of 2019 gazetting new toll fees for Beitbridge Tolling Regulations tha...Published: 10 Aug 2019 at 17:47hrs | 10411 | by Staff reporter
Foreign currency shortages derail renewable energy firm's efforts to complete project
INDEPENDENT power producer, Nyangani Renewable Energy, says foreign currency shortages as well as economic challenges dogging Zimbabwe were hindering its efforts to complete a solar energy project aim...Published: 07 Aug 2019 at 08:20hrs | 1278 | by STaff Reporter
Indian company seeks Bulawayo partnership to produce medicines locally
AN Indian pharmaceutical company, Centurion Healthcare Private Limited, is seeking to partner a company in Bulawayo to produce medicine locally in a development set to create employment.Speaki...Published: 07 Aug 2019 at 08:03hrs | 531 | by Staff Reporter
War vets demand employment for their children
Veterans of the 1970s liberation struggle, have called on government to ensure their children are given jobs despite lack of qualifications, claiming their offsprings have been denied a lot of chances...Published: 05 Aug 2019 at 07:44hrs | 1672 | by Staff reporter
Stanbic management, employees ink wage deal
Management and employees at Stanbic Bank Zimbabwe Limited, a subsidiary of Standard Bank of South Africa Limited, have agreed on an upwards review on the latter's wages, NewsDay reported.Accor...Published: 05 Aug 2019 at 07:40hrs | 2026 | by Staff reporter
Zacc targets fuel cartels
Zimbabwe Anti-Corruption Commission (Zacc) chairperson Justice Loice Matanda-Moyo has only been in the job for a month, but already two high profile government officials are behind bars facing corrupt...Published: 04 Aug 2019 at 14:21hrs | 2899 | by Staff reporter
Delta targets Botswana, SA markets
Listed beverages maker Delta Corporation says it is moving ahead with plans to consolidate the ownership of its Chibuku brand in the region with an arrangement to enter Malawi and Botswana markets bef...Published: 04 Aug 2019 at 14:13hrs | 472 | by Staff reporter
Power tariff hike gives Zesa headstart
Finance and Economic Development Minister Professor Mthuli Ncube last week announced an interim tariff framework meant to support Zesa's operations.But will the new tariff(s) address the cripp...Published: 04 Aug 2019 at 10:06hrs | 232 | by Staff reporter
Mthuli Ncube closes illegal forex tap on mobile money
THE transfer of funds from mobile money transfer agents to recipients will now be subjected to taxation as Treasury moves to plug out rampant illegal foreign currency deals being conducted via the cas...Published: 03 Aug 2019 at 09:44hrs | 3779 | by Staff reporter
Mthuli Ncube widens tax-free threshold
Finance and Economic Development Minister Professor Mthuli Ncube has reviewed upwards the tax-free threshold by 100 percent from $350 to $700, with immediate effect, in an effort to increase workers' ...Published: 03 Aug 2019 at 09:32hrs | 714 | by Staff reporter
Building a strong foundation for future prosperity
The 2019 Mid Year Budget Review presented by the Minister of Finance and Economic Development Prof Mthuli Ncube presented more challenges than solutions for the ordinary Zimbabweans.The theme ...Published: 03 Aug 2019 at 09:28hrs | 163 | by Nkosikhona Dibiti
Be aggressive with exports, says Mugabe cup announcer
Foreign Affairs and International Trade minister Sibusiso Moyo has urged exporters to be aggressive in order to penetrate all the markets, including the most dangerous ones.Last year, Zimbabwe...Published: 02 Aug 2019 at 07:58hrs | 504 | by Staff reporter
Cartel mops up Zimbabwe's gold
Zimbabwe's new monetary reforms and unfavourable prices being offered by authorities have given life to side marketing in the gold sector following the emergence of a powerful cartel comprised of top ...Published: 01 Aug 2019 at 09:27hrs | 2833 | by Staff reporter
Mthuli Ncube to unveil new measures
Finance and Economic Development Minister Mthuli Ncube is today expected to present his 2019 Mid-Term Budget Review Statement, amid high expectations for measures to improve disposable incomes, boost ...Published: 01 Aug 2019 at 09:13hrs | 1102 | by Staff reporter
Northern Region Soccer league referees not receiving match fee
Editor,The Northern Region Soccer league has gone from week 9 (June 2019) without paying soccer referees match fees for all matches played despite teams having paid full amounts for referees w...Published: 31 Jul 2019 at 19:22hrs | 524 | by Anonymous
Telecos should consider solar energy: Kazembe
GOVERNMENT is engaging mobile operators to install solar units at base stations, following the recent disruptions to networks because of the ongoing power crisis, NewsDay reported."We are reco...Published: 31 Jul 2019 at 08:08hrs | 223 | by Staff reporter
RBZ raises red flag on forex demand
Daily demand for diesel has gone up by 20 percent to 3,6 million litres over the last four months as business and domestic consumers now heavily rely on the commodity to mitigate rolling power cuts cu...Published: 29 Jul 2019 at 14:48hrs | 6918 | by Staff reporter
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 | 1346 | by Staff Writer
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