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Machete gangs leave one dead, several injured in ore heist
"Mining in Zimbabwe is no longer safe for women," says Sanelisiwe Maseko, a single mother of two whose mine in Colleen Bawn was recently invaded by machete-wielding men in a bloody raid that left one ...Published: 14 hrs ago | 2593 | by Staff reporter
Zimbabwe banks face bleak future
ZIMBABWE's banks may face hurdles in meeting new minimum capital thresholds by year end, analysts have warned.In a show of lack of confidence in the local currency, the Monetary Policy Committ...Published: 14 hrs ago | 559 | by Staff reporter
NRZ to charge in forex
THE Reserve Bank of Zimbabwe has granted the National Railways of Zimbabwe permission to charge in foreign currency for goods exported under the Cost, Insurance and Freight (CIF) conditions.NR...Published: 15 hrs ago | 305 | by Staff reporter
Zifa barred from Chiyangwa's Cosafa AGM
ZIFA officials were yesterday barred from attending the Cosafa annual general meeting held in Johannesburg, South Africa. The Zifa delegation, led by president Felton Kamambo, board member in ...Published: 15 hrs ago | 54 | by Staff reporter
RBZ acts on foreign exchange rate manipulators
THE Reserve Bank of Zimbabwe (RBZ) has started acting on foreign exchange rate manipulators and has since frozen a bank account belonging to an entity identified as China Nanchang being the first casu...Published: 15 hrs ago | 125 | by Staff reporter
RBZ warns exchange rate manipulators as street rate breaches 25x
The Reserve Bank of Zimbabwe has issued a warning to foreign currency dealers who are manipulating the exchange rate. This comes as street rates have breached the 25x mark on Thursday. The interbank m...Published: 24 Jan 2020 at 01:56hrs | 7667 | by FinX
Locals to pay forex for quick passports
GOVERNMENT is working on regulations to allow locals with foreign currency the option to pay for passports in forex in a bid to speed up the process and clear the huge backlog. Home Affairs and Cultur...Published: 24 Jan 2020 at 01:05hrs | 2447 | by Staff reporter
There is a special place in hell for women!!!!
This is a special quote from the former Secretary of State Madeline Albright. There is a special place in hell for women who don't help other women." This quote comes to my mind because the ZACC boss ...Published: 23 Jan 2020 at 21:58hrs | 2167 | by Nomazulu Thata
Zimbabwe fails to honour power supply contracts
THE Chamber of Mines of Zimbabwe (CoMZ) has revealed that mining firms have not been receiving regular power supplies despite having signed contracts with government.To help boost the nation's pow...Published: 23 Jan 2020 at 06:38hrs | 801 | by Staff reporter
Nelson Chamisa’s Agenda 2020 address to the nation
(Transcript of MDC leader Nelson Chamisa’s ‘Agenda 2020’ address as prepared for delivery at Stodart Hall in Mbare on January 21, 2020)Fellow Zim...Published: 22 Jan 2020 at 19:47hrs | 1289 | by Nelson Chamisa
Zimbabwe forex crisis to worsen
ZIMBABWE'S foreign currency crisis is expected to worsen this year after gold exports fell by over 28 percent last year.The southern African country is grappling with acute foreign currency sh...Published: 22 Jan 2020 at 07:21hrs | 2168 | by Staff reporter
Council refuse trucks stuck in SA for 3 years
FIFTEEN refuse trucks bought by Harare City Council in South Africa are stuck there almost three years on as it cannot raise over US$2 million required for their delivery. However, there are conflicti...Published: 20 Jan 2020 at 05:16hrs | 1240 | by Staff reporter
China snubs Mnangagwa bailout request
PRESIDENT Emmerson Mnangagwa's desperate attempts to secure a financial rescue package from China were once again flatly rebuffed after Chinese Foreign minister Wang Yi emphasised during his visit thi...Published: 17 Jan 2020 at 06:28hrs | 2781 | by Staff reporter
Chiwenga/Marry divorce exposes Vice President capture
The legal battle between Vice President Constantino Chiwenga and his estranged wife Marry has opened a can of worms with the former army general revealing that he was given a Mercedes Benz vehicle by ...Published: 14 Jan 2020 at 08:27hrs | 13467 | by Staff Reporter
National railways seeks forex exemption
THE National Railways of Zimbabwe (NRZ) has approached Government seeking to be allowed to receive payments in foreign currency from exporters transporting their goods by rail. In ...Published: 13 Jan 2020 at 07:05hrs | 1966 | by Staff Reporter
Govt warns private schools charging in forex
Government has warned private schools charging in forex or indirectly that they risk being deregistered and gave a directive to public schools not to raise tuition fees. Speaking at a media br...Published: 12 Jan 2020 at 09:20hrs | 5271 | by Staff Reporter
Government freezes tuition fees
Government has frozen tuition fee increases in public schools and warned that it will de-register private schools that charge fees in foreign currency "directly or indirectly." In a statement ...Published: 10 Jan 2020 at 09:11hrs | 4716 | by Staff reporter
Traders reject Zimbabwe dollar
While government remains adamant on the use of the local currency, signals on the ground show the Zimbabwe dollar is not popular among traders, including those in rural areas.In June last year...Published: 06 Jan 2020 at 14:34hrs | 7699 | by Staff Reporter
Currency stability tops RBZ priorities -
Reducing inflation and maintaining a stable exchange rate are the Reserve Bank of Zimbabwe (RBZ)'s top priorities in the new year to bolster President Mnangagwa's drive to increase production, grow th...Published: 03 Jan 2020 at 00:28hrs | 3702 | by Staff Reporter
Machete-wielding robbers target forex dealer in Harare
A kombi-load of machete-wielding robbers attacked a well-secured Glen View 1 home of a Harare foreign currency dealer last week, critically injuring the dealer, his brother and father, while a smaller...Published: 31 Dec 2019 at 09:27hrs | 2043 | by Staff Reporter
ZERA to descend on fuel dealers
THE Zimbabwe Energy Regulatory Authority (Zera) said it is going to engage relevant partners and descend heavily on individuals who are delivering fuel to the public in unsafe containers and at inflat...Published: 29 Dec 2019 at 11:01hrs | 5251 | by Staff reporter
Treasury adjusts Zupco rates
Daily hire rates for contracted Zupco buses have risen from $2 000 to $3 000 following a plea by private transport operators, a Government official has said. The new tariff comes into effect t...Published: 17 Dec 2019 at 09:24hrs | 6435 | by Staff Reporter
Energy challenges sinking Zimbabwe's economy
The 2019 survey report by the Zimbabwe National Chamber of Commerce (ZNCC) on the impact of energy challenges on business paints a grim picture of the state of production in the economy. Unrelenting p...Published: 17 Dec 2019 at 07:08hrs | 766 | by Victor Bhoroma
Oppah Muchinguri is not fit to lead ZANU PF
Probity is described as the quality of having strong moral principles; honesty and decency. Probity is a necessary trait in leadership, public service and a demand of the ZANU PF constitution....Published: 16 Dec 2019 at 07:45hrs | 5154 | by Marilyn Sakabuya
Schweppes stops producing Mazoe Orange Crush
LEADING beverages producer, Schweppes Zimbabwe has indefinitely stopped producing its flagship drink, Mazoe Orange Crush, as the company lacks foreign currency to pay a debt to its supplier of vital i...Published: 13 Dec 2019 at 17:48hrs | 4971 | by Staff reporter
Zanu-PF revenue streams run dry
THE cash-strapped Zanu-PF has become heavily reliant on donor funding and bank overdrafts to finance party programmes with over 53,7% of its income in 2019 coming from donors as member subscriptions p...Published: 13 Dec 2019 at 07:59hrs | 289 | by Staff reporter
Zimbabwe faces a gloomy 2020
IN the three weeks since the 2020 national budget both the economy and Finance Minister Mthuli Ncube's recovery strategy have drifted closer to the rocks. In their stubborn refusal to heed development...Published: 13 Dec 2019 at 07:30hrs | 784 | by Anthony Hawkins
PSC rejects Mphoko forex benefits demands
THE Public Service Commission (PSC) has said former Vice President, Phelekezela Mphoko, will be paid only his pension in local currency and should not expect any other benefits. The latest dev...Published: 12 Dec 2019 at 07:47hrs | 2456 | by Staff Reporter
Zimbabwean law to criminalise redollarisation on the cards
Government will make use of the United States dollar illegal and plans punitive penalties for offenders under a proposed law as it seeks to shore up support for the local currency.Since the re...Published: 10 Dec 2019 at 07:15hrs | 2610 | by Staff reporter
Plenty forex for exporters
BUSINESSES should lead by example by trading foreign currency on the interbank platform instead of rushing to the parallel market, a senior banker has said. Speaking at a ZimTrade export aware...Published: 09 Dec 2019 at 06:55hrs | 568 | by Staff reporter
Jatropha bio-diesel plant suffers stillbirth
EFFORTS to capacitate the multi-million-dollar Jatropha bio-diesel processing plant in Mount Hampden have been stalled due to logistical challenges, an official has said.Zimbabwe Energy Regula...Published: 08 Dec 2019 at 11:49hrs | 155 | by Staff reporter
Mining firms anchoring power imports: ZETDC
Zimbabwe Electricity Transmission and Distribution Company (ZETDC) acting director Ralph Katsande has said large mining firms are sustaining the country's power imports.To mitigate constant po...Published: 04 Dec 2019 at 09:24hrs | 789 | by Staff reporter
Introduction of new currency a piecemeal solution
DURING the 2020 national budget presentation in Parliament last month, Finance minister Mthuli Ncube held up a note of the new Zimbabwe dollar and proudly announced that it was tough and resilient....Published: 04 Dec 2019 at 09:20hrs | 1171 | by Staff reporter
Zimnat launches ZFX Bureau de Change
One of the country's leading financial services providers, Zimnat, has launched its own bureau de change, ZFS Bureau de Change. The new outfit, which will be trading as ZFX Bureau de Cha...Published: 03 Dec 2019 at 21:54hrs | 189 | by Staff reporter
This is how the cash gets onto the black market
The question is, how on this cursed land is money that the Reserve Bank of Zimbabwe (RBZ) is busy printing getting onto the black market in such huge amounts? The answer is, it's taking quite a team â...Published: 01 Dec 2019 at 06:11hrs | 3283 | by Tawanda Majoni
Doctors strike: 'It is time to show leadership, people are dying'
The government is still struggling to find a solution to one of the major health crises in Zimbabwe's history, three months after junior doctors went on strike demanding better pay.Sapes Trust...Published: 01 Dec 2019 at 06:10hrs | 805 | by Staff reporter
Carnage in Zimbabwe hospitals continues
TOUTS are usually known for their confidence, foul language and naughtiness, but recently, they sobered up when one of their own died right on the streets with his hospital record card in hand, after ...Published: 30 Nov 2019 at 10:48hrs | 659 | by Staff reporter
Do we still have police in Harare?
Illegal activities around the former Ximex Mall have become a cause for concern to all and sundry.Anyone familiar with the goings-on there is shocked at how the Zimbabwe Republic Police (ZRP) ...Published: 27 Nov 2019 at 21:55hrs | 2106 | by Staff reporter
Zimdollar plunges 564% since February
The Zimbabwe dollar has depreciated by 564% to date since its introduction in February this year due to lack of market confidence and nothing to back it in terms of gold reserves and export earnings....Published: 27 Nov 2019 at 06:54hrs | 1452 | by Staff reporter
Countdown to Black Friday
BLACK Friday, that time when shoppers go ballistic in trying to clinch the best deals ahead of the festive season is here! The overrated Black Friday shopping frenzy, an informal name for the Fr...Published: 27 Nov 2019 at 06:20hrs | 1103 | by Staff reporter
Mnangagwa's govt barking up the wrong tree
NOT so long ago, we heard from Reserve Bank of Zimbabwe governor John Mangudya that there was a cartel of 10 individuals operating in Zimbabwe which controlled the southern African nation's foreign cu...Published: 26 Nov 2019 at 07:30hrs | 990 | by newsday comment
Government officials should be the first to declare where they get their forex
Minister of Finance Prof. Mthuli Ncube before requesting us to declare where our foreign currency is coming from when we bring in foodstuffs and household goods.The leadership of Zimbabwe should...Published: 24 Nov 2019 at 17:47hrs | 3306 | by Jacob Kudzayi Mutisi
'Cross-border traders to declare forex sources'
PRESIDENT Emmerson Mnangagwa's government is headed for another clash with cross-border traders and ordinary citizens after announcing plans to compel travellers to disclose their source of foreign cu...Published: 24 Nov 2019 at 17:23hrs | 4373 | by Staff reporter
Matebeleland switches to rand amid currency turmoil
As the government celebrates the transition from the multi-currency regime to a mono-currency system as one of its successes towards currency reforms, it is a different situation altogether in rural M...Published: 24 Nov 2019 at 14:38hrs | 1586 | by Staff reporter
Mthuli Ncube under fire over forex
The Ministry of Finance has come under fire over its policy that it will be impounding forex from Zimbabweans entering the country without declaring a formal source of the money. The Deputy Mi...Published: 23 Nov 2019 at 20:44hrs | 12481 | by Mandla Ndlovu
Zinara officers arrested in forex toll fraud
Zimbabwe National Roads Administration (Zinara) officers have defrauded the entity of at least US$30 000, and perhaps as much as US$450 000 in a cheating scam using tollgate coupons issued to foreign ...Published: 23 Nov 2019 at 06:39hrs | 1061 | by Staff reporter
Tough forex controls loom
Importers will soon be required to declare the legal source of their foreign currency under legislation being drafted, as Government takes measures to kill the black market. Those who fail to ...Published: 23 Nov 2019 at 06:38hrs | 1152 | by Staff reporter
Mnangagwa to order importers to declare forex sourcing
Zimbabwe will force importers to declare sources of foreign currency and those who fail to prove they obtained the money from banks will forfeit their goods to the state, a government official said on...Published: 22 Nov 2019 at 17:59hrs | 347 | by Reuters
Biti says Nick Mangwana is 'deranged' and has 'mediocre mindset'
MDC Alliance vice president Tendai Biti has described Information Ministry permanent secretary Nick Mangwana as "deranged" and having a "mediocre mind set" after the government official claimed that t...Published: 22 Nov 2019 at 16:53hrs | 2415 | by Staff Reporter
JETGATE: 'Mnangagwa uses luxury jet to loot diamonds and foreign currency'
President Emmerson Mnangagwa seemingly sensing his imminent boot from power, is allegedly involved in grand looting of the country's scarce foreign currency coffers and resources using his chain of hi...Published: 22 Nov 2019 at 07:37hrs | 13572 | by Mary-Kate Kahari
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