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RBZ shuts down forex platform to stem currency decline
ZIMBABWEAN authorities shut down a popular black-market currency-tracking platform, the latest action to try and stop an accelerating decline in its currency.The central bank ordered marketwat...Published: 7 hrs ago | 2247 | by Staff reporter
'NRZ has been on perennial decline mode'
THE National Railways of Zimbabwe (NRZ) says COVID–19-induced hard lockdowns and competition from the road transportation system will see total freight volumes dropping to 2,1 million tonnes this ye...Published: 7 hrs ago | 205 | by Staff reporter
'Zimbabwe fuel the most expensive in Sadc'
ZIMBABWE'S high fuel costs have been cited as fuelling inflation and price hikes in the country.A statement by the Zimbabwe Coalition on Debt and Development (Zimcodd) published yesterday has ...Published: 7 hrs ago | 469 | by Staff reporter
Climate Change gurus on fire
Climate Change mitigation experts are shining at a two-day capacity building workshop in Harare where they have invited Media Practitioners in the northern region.The workshop is being facilit...Published: 20 Oct 2021 at 08:06hrs | 765 | by Shelton Muchena
Zupco increases fares by 25%
ZUPCO has increased fares for buses and kombis by 25 percent so that they buy enough fuel to ferry commuters to their destinations around the country.In Bulawayo on Monday morning, commuters w...Published: 20 Oct 2021 at 07:36hrs | 876 | by Staff reporter
Sanctions devastate rural communities
RURAL communities are among the worst areas affected by illegal sanctions as the embargo has led to limited opportunities for communities increasing poverty levels.Studies have shown that the ...Published: 20 Oct 2021 at 07:35hrs | 140 | by Staff reporter
Zimbabwe cellular operators hike tariffs
Mobile network operators in the country have adjusted promotional bundles in response to rising industry wide operating costs which grew by 15,8 percent to $8,9 billion in the second quarter of 2021, ...Published: 20 Oct 2021 at 07:32hrs | 246 | by Staff reporter
Govt changes tack on vaccination
GOVERNMENT yesterday reversed its earlier position to fire all unvaccinated civil servants yesterday, saying the order will only become effective at the end of the year.This was revealed by Pu...Published: 19 Oct 2021 at 06:28hrs | 1361 | by Staff writer
Phase Two Matebeleland North roads rehab intensified
GOVERNMENT allocated more than $700 million to the Ministry of Transport and Infrastructure Development for rehabilitation of a 3 000km road network under the Emergency Road Rehabilitation Programme (...Published: 18 Oct 2021 at 06:27hrs | 336 | by Staff reporter
US$1,5 billion circulating in black market, says RBZ
FRESH evidence of plummeting confidence in Zimbabwe's banking sector has emerged, with central bank deputy chief Kuphukile Mlambo saying up to US$1,5 billion could be exchanging hands outside formal b...Published: 17 Oct 2021 at 09:08hrs | 1371 | by Staff reporter
Zimbabwean bankers sweat over forex crackdown
Zimbabwean bankers are fretting over compliance with government directives to root out "illegal foreign currency dealings, with the country's biggest bank, CBZ, cautioning its employees against facili...Published: 17 Oct 2021 at 09:05hrs | 1004 | by Staff reporter
Sanctions lobbyists' days are numbered
THE United Nations Special Rapporteur on the negative impact of the unilateral coercive measures on the enjoyment of human rights, Ms Alena Douhan, will be in the country from tomorrow to October 28, ...Published: 17 Oct 2021 at 08:58hrs | 192 | by Staff reporter
Evidence piles against forex saboteurs
PROSECUTOR-General, Mr Kumbirai Hodzi said the State has gathered more evidence against economic saboteurs driving the spike in the exchange rate on the parallel market, in a development that will lea...Published: 17 Oct 2021 at 08:54hrs | 229 | by Staff reporter
Meet Zimbabwe's female rand millionaires
WHAT initially started as a social networking group to keep Zimbabwean women in touch while in foreign lands, has since blossomed into a huge multi-million dollar investment.The women involved...Published: 16 Oct 2021 at 06:27hrs | 35325 | by Staff reporter
Zanu-PF revives Chamisa's popularity?
WHAT started as a pedestrian civic engagement for Zimbabwe's main opposition MDC Alliance leader Nelson Chamisa to interface with communities and the grassroots in Masvingo this week ahead of the 2023...Published: 15 Oct 2021 at 20:43hrs | 3486 | by Staff reporter
Red flag raised on US$85m traffic interchange project
MEMBERS of the public have raised a red flag over the government's announcement that the Mbudzi roundabout traffic interchange on the Masvingo highway in Harare will cost US$85 million, which could be...Published: 15 Oct 2021 at 20:21hrs | 1115 | by Staff reporter
Robber waylays gold dealer
A 36-year-old Bulawayo man lost 65 grammes of gold and a cellphone to an armed robber who had lured him to Chegutu. The man had been lured to Shamva by the robber only identified as Anyway Mun...Published: 15 Oct 2021 at 06:19hrs | 792 | by Staff reporter
Forex auction revitalises economy, claims RBZ
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by some unscrupulous businesse...Published: 15 Oct 2021 at 06:18hrs | 118 | by Staff reporter
'Zimbabwe has enough forex to sustain economy'
THE foreign currency auction introduced by Government last year has been critical in revitalising the economy despite deliberate inflation of black market exchange rates by unscrupulous businesses and...Published: 15 Oct 2021 at 06:17hrs | 119 | by Staff reporter
Mnagagwa and Zanu-pf are defeatable
There is a despondency nationwide about the prospect of unseating a Zanu-PF government together with its leader ED Mnangagwa. It is sad that the ordinary man in the street now believes that Zanu-PF is...Published: 14 Oct 2021 at 07:53hrs | 2047 | by Zakhele Maphosa
Chinamasa needs to tone down rhetoric
Zanu-PF acting national political commissar Patrick Chinamasa's dramatic Press conference on Tuesday represents everything rotten about the leadership of this country.From arrogance, insatiabl...Published: 14 Oct 2021 at 06:27hrs | 2876 | by Staff reporter
Zanu-PF violence forces politburo to descend on Manicaland
Zanu-PF politburo members yesterday descended on Manicaland province to douse factional fights which have seen party members demonstrate against provincial chairperson Mike Madiro since Sunday....Published: 13 Oct 2021 at 06:12hrs | 766 | by Staff reporter
Violence rocks Zanu-PF Manicaland indaba
CHAOS rocked a Zanu-PF provincial co-ordinating committee (PCC) meeting yesterday after scores of demonstrators, who were calling for the ouster of Manicaland provincial chairman Mike Madiro, were tea...Published: 11 Oct 2021 at 06:02hrs | 1447 | by Staff reporter
'Tagwirei gift to Guvamatanga a bribe'
Treasury secretary George Guvamatanga's acceptance of lavish gifts from corruption-accused business tycoon Kudakwashe Tagwirei is legally questionable, lawyers have said.Guvamatanga spared no ...Published: 10 Oct 2021 at 20:32hrs | 2370 | by Staff reporter
Zera dismisses Zimdollar fuel hoax
THE Zimbabwe Energy Regulatory Authority (zera) has not designated any service station to sell fuel exclusively in Zimbabwe dollars, contrary to reports circulating on social media.In a statem...Published: 10 Oct 2021 at 06:36hrs | 458 | by Staff reporter
Cash-only businesses dodging taxes
Harare's downtown businesses and other informal sector players have found a way of avoiding taxes by demanding cash transactions only, and strictly in US dollars, forcing customers to buy the greenbac...Published: 10 Oct 2021 at 06:35hrs | 272 | by Staff reporter
Inside the forex cul-de-sac
THE Reserve Bank of Zimbabwe (RBZ) will this week meet large producers and retail outlets to discuss rampant black market pricing of goods that has gripped the nation, and threatening to erode stabili...Published: 10 Oct 2021 at 06:34hrs | 451 | by Staff reporter
RBZ's forex auction system faces imminent collapse?
A TOP economist has warned Zimbabwe's auction system introduced by the Reserve Bank of Zimbabwe (RBZ) is facing an imminent collapse after which dollarisation will prevail 100%.Addressing Parl...Published: 10 Oct 2021 at 06:31hrs | 1029 | by Staff reporter
Mnangagwa surrounded by dodgy characters
ALMOST four years after getting into power, riding on the narrative of removing criminals that had surrounded the then president Robert Mugabe, President Emmerson Mnangagwa's circle of associates and ...Published: 09 Oct 2021 at 07:36hrs | 3412 | by Staff reporter
Rautenbach enjoys Zanu-PF links
MULLER Conrad "Billy" Rautenbach is one of the most controversial business moguls in Zimbabwe, with several legal challenges against him and his company Green Fuel. Rautenbach, who is into vast mining...Published: 09 Oct 2021 at 07:35hrs | 1996 | by Staff reporter
Name, shame exercise divides Zanu-PF
GOVERNMENT's name and shame operation targeting companies and individuals accused of fuelling the galloping foreign currency parallel exchange rate has triggered fierce fights within Zanu-PF, with som...Published: 09 Oct 2021 at 07:33hrs | 1044 | 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 | 416 | by Staff reporter
Currency instability puts ZSE as best performer in region
AFTER surpassing its own performance record (again), the Zimbabwean dollar-denominated exchange extended 2021 gains as the market's counters continue facing economic uncertainties in the closing quart...Published: 08 Oct 2021 at 19:04hrs | 465 | by Equity Axis View
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 19:03hrs | 245 | by Victor Bhoroma
Zimdollar market correction
A MAJOR highlight of this week's auction is the magnitude of currency depreciation. The Zimbabwean dollar (Zimdollar) weakened by the highest weekly margin since the beginning of the year, a strong si...Published: 08 Oct 2021 at 19:03hrs | 295 | by Respect Gwenzi
Local oil firms push for fair play
THE Direct Fuel Import (DFI) group, which represents indigenous oil firms that have mounted legal challenges against the government to force policy changes, this week warned the Zimbabwe Energy Regula...Published: 08 Oct 2021 at 19:00hrs | 132 | by Staff reporter
Big Zimbabwean companies are fingered in forex fiddle
TOP executives and directors from up to 20 big companies face imminent arrest following a Reserve Bank of Zimbabwe (RBZ) investigation into massive multi-million-dollar fraud involving the country's f...Published: 08 Oct 2021 at 18:58hrs | 875 | by Staff reporter
Trust gets US$5million, collapses in 3 years
THE Marange-Zimunya Community Share Ownership Trust (MZCSOT) has collapsed only three years after the Zimbabwe Consolidated Diamonds Corporation (ZCDC) injected US$5 million to prop it, a Zimbabwe Ind...Published: 08 Oct 2021 at 18:58hrs | 118 | by Staff reporter
'Mnangagwa speech hot air'
PRESIDENT Emmerson Mnangagwa yesterday said that the country's economy was on rebound, with this year's projections indicating over 7,8% economic growth, but opposition MPs rubbished his claims, accus...Published: 08 Oct 2021 at 06:33hrs | 3468 | by Staff reporter
Zanu-PF yet to complete Mazowe district polls
Zanu-PF Mazowe district is yet to complete internal elections amid a number of challenges which include improper party cell structures, lack of resources as well as alleged manipulation of the process...Published: 08 Oct 2021 at 06:32hrs | 244 | by Staff reporter
Govt threatens crackdown on businesses fuelling forex black market
GOVERNMENT has threatened to suspend operating licences for business entities manipulating the official foreign currency rate, thus fuelling the high parallel market exchange rate.In a stateme...Published: 08 Oct 2021 at 06:32hrs | 500 | by Staff reporter
Zacc investigator exposes top cop
THE Zimbabwe Anti-Corruption Commissioner (Zacc) investigating officer Eric Chacha yesterday exposed how police commissioner in charge of Matabeleland North province, Erasmus Makodza had been benefiti...Published: 08 Oct 2021 at 06:31hrs | 1112 | by Staff reporter
Mnangagwa's State of the Nation address
PRESIDENT Mnangagwa delivered a State of the Nation Address and officially opened the Fourth Session of the Ninth Parliament of Zimbabwe yesterday. He tackled a wide r...Published: 08 Oct 2021 at 06:27hrs | 422 | 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 | 303 | by Staff reporter
Broke ZANU PF fails to complete elections
ZANU PF Mazowe district is yet to complete their internal elections amid a number of challenges which include improper party cell structures, lack of resources, and manipulation of elections among oth...Published: 07 Oct 2021 at 20:41hrs | 567 | by Simbarashe Sithole
'Mnangagwa is a hostage to military interests'
President Emmerson Mnangagwa's biographer Eddie Cross claims the Zanu-PF leader was a hostage to military interests for seven months after assuming power following a military coup in November 2017....Published: 07 Oct 2021 at 18:25hrs | 3118 | by Staff reporter
Fuel prices increased again
THE Zimbabwe Energy Regulatory Authority (Zera) has increased the price of both diesel and petrol by between 1,45 percent and six percent in both local and foreign currency.The review, which i...Published: 06 Oct 2021 at 21:03hrs | 1820 | by Staff reporter
Inside Zimbabwean tycoon Billy Rautenbach's offshore family trust
Records from a massive offshore data leak have provided the most detailed account yet of buccaneering mining and fuel magnate Billy Rautenbach's family empire.It started with a marriage settle...Published: 05 Oct 2021 at 06:40hrs | 3113 | by Daily Maverick
Who is behind forex dealers?
NO matter how well-meaning and determined, the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions are ...Published: 05 Oct 2021 at 06:38hrs | 1366 | by Nathan Gurira
Sanctions are real, but we're shooting ourselves in the foot
No matter how well-meaning and determined the Reserve Bank of Zimbabwe (RBZ) could be towards uprooting rampant delinquency in the economy, the effort may count for nothing if other institutions that ...Published: 05 Oct 2021 at 06:32hrs | 206 | by Nathan Gurira
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