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Currency crisis piles more misery on fragile Zimbabwe economy
Leading economists have raised concerns over the potential economic impact of the recent waves of price hikes and currency volatility, which threaten to further destabilize an already fragile economy....Published: 15 hrs ago | 661 | by Staff reporter
Zimbabwe central bank bites back
This year, authorities in Zimbabwe have recorded over 1,100 cases of debit card abuse linked to backstage black market dealers, highlighting the ongoing challenges of a protracted currency crisis. The...Published: 18 hrs ago | 2169 | by Staff reporter
Mnangagwa's govt paying lip service to ZWG
In a critical assessment of Zimbabwe Gold (ZWG), industry experts predict that the future post-mortem will reveal the government's own policies as the primary culprit behind the currency's struggles. ...Published: 20 hrs ago | 197 | by Staff reporter
Chiwenga warns of Zimbabwe corruption as a security threat
Vice-President Constantino Chiwenga has issued a stark warning that corruption has evolved into a security threat that undermines the rule of law and erodes public trust in both private and public ins...Published: 20 hrs ago | 858 | by Staff reporter
ZiG currency another scam
Introducing new currency every time and again is not the panacea to the challenges that the country is currently facing.The issue of currency needs a lot of input and everyone's heads on the d...Published: 19 Sep 2024 at 20:57hrs | 3089 | by Leonard Koni
Mnangagwa's govt in a fix as ZiG is rejected
The Zimbabwean government's efforts to promote the use of the Zimbabwe Gold (ZWG) currency have hit a major hurdle, as wheat farmers have refused to accept payment in local currency for their deliveri...Published: 18 Sep 2024 at 08:30hrs | 5213 | by Staff reporter
Union excited over massive job creation in the lithium sector
Zimbabwe Diamond and Allied Minerals Workers Union has expressed excitement over the massive job creation in the country due to the discovery and increased investment in the lithium mining sector....Published: 17 Sep 2024 at 21:09hrs | 318 | by Stephen Jakes
World Bank says Zimbabwe needs economic stability to advance debt talks
Zimbabwe needs an uninterrupted period of macroeconomic stability of at least 12 months to help advance debt talks with international creditors over $21 billion it owes, the World Bank said.Ha...Published: 17 Sep 2024 at 06:52hrs | 386 | by Staff reporter
Zimbabwe aims to maximize gold revenue amid global demand surge
The Ministry of Mines has officially launched the 2024 Second Gold Mobilisation exercise, a strategic initiative designed to ensure compliance and optimize revenue from Zimbabwe's gold mining sector. ...Published: 17 Sep 2024 at 06:49hrs | 154 | by Staff reporter
Zimbabwe deploys gold mobilisation taskforce
Authorities have deployed a national gold mobilisation taskforce to Zimbabwe's eight mining provinces in a strategic move to increase gold deliveries to Fidelity Printers and Refineries (FPR). This in...Published: 17 Sep 2024 at 06:35hrs | 430 | by Staff reporter
CAPS United stage remarkable comeback to stun Highlanders
Caps United 3 - 2 HighlandersIn a dramatic clash at Rufaro Stadium, CAPS United came from two goals down to defeat Highlanders 3-2 in a thrilling encounter that saw a late winner deep into stoppag...Published: 15 Sep 2024 at 19:49hrs | 555 | by Staff reporter
Zimbabwe police detective accused of terrorizing miners
The Kadoma business community has lodged an urgent complaint against Detective Sergeant Hardline Maisiri, accusing him of extortion and corruption. Business owners, particularly in the mining sector, ...Published: 15 Sep 2024 at 16:19hrs | 774 | by Staff reporter
Zimbabwe's ballooning US$21 billion debt spirals out of hand
Citizen Coalition for Change (CCC) Mbizo Member of Parliament (MP), Corban Madzivanyika, has raised alarm over Zimbabwe's escalating public debt, which has now surpassed US$21 billion. During a recent...Published: 15 Sep 2024 at 10:06hrs | 1686 | by Staff reporter
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 14 Sep 2024 at 16:13hrs | 894 | by Staff reporter
Spirit medium stops operations at Zimbabwe gold mine
Mining operations at Renco Mine were halted for two days due to concerns following warnings from a local spirit medium. The medium had forewarned of potential worker fatalities if specific demands wer...Published: 14 Sep 2024 at 14:32hrs | 1347 | by Staff reporter
Miners jailed 2years for digging along a public road
Two men were sentenced to prison by a Kadoma magistrate for illegal mining activities along Chivero Road.Foaster Mutero (38) and Ernest Mhute (35) were apprehended on August 4 for prospecting ...Published: 14 Sep 2024 at 12:15hrs | 168 | by Staff reporter
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 2750 | by Nkosi Moyo
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 7499 | by Staff reporter
Chiwenga backs ZiG
Zimbabwe's monetary policy framework, coupled with the introduction of a stable currency, the Zimbabwe Gold (ZiG), has fostered transactional simplicity, certainty and predictability in the country's ...Published: 13 Sep 2024 at 13:10hrs | 2078 | by Staff reporter
Zanu-PF panics over ZiG collapse
ZANU-PF spokesperson Christopher Mutsvangwa has expressed alarm over the devaluation of the Zimbabwe Gold currency (ZWG) and is urging President Emmerson Mnangagwa to take decisive action. Mutsvangwa ...Published: 13 Sep 2024 at 08:12hrs | 3482 | by Staff reporter
Zimbabwe to repatriate remains of SA heroes
The remains of South African freedom fighters buried in Zimbabwe during the anti-apartheid struggle are set to be repatriated to their homeland. These fallen heroes were part of the broader regional e...Published: 12 Sep 2024 at 07:23hrs | 756 | by Staff reporter
Gold panners invade Vumbachikwe Mine
Illegal gold panners are reportedly sneaking into the closed Vumbachikwe Mine in Gwanda, Matabeleland South, to extract gold, NewsDay has learned.Last Saturday, one of the panners was struck b...Published: 12 Sep 2024 at 07:17hrs | 393 | by Staff reporter
Reasons why Mnangagwa wants term extension in power
President Emmerson Mnangagwa, who has been entrenched in Zimbabwean politics since 1980 and has held the presidency since November 2017, is determined to extend his rule beyond the 2028 constitutional...Published: 11 Sep 2024 at 11:58hrs | 2276 | by Staff reporter
Panners wreak havoc in Gwanda
Residents of Gwanda in Matabeleland South have raised serious concerns about the adverse effects of increasing artisanal mining activities, which have led to environmental damage, livestock deaths, an...Published: 11 Sep 2024 at 09:16hrs | 384 | by Staff reporter
Prices soar as new Zimbabwean currency struggles
The launch of Zimbabwe's new currency, the Zimbabwe Gold (ZWG), has been marked by significant challenges, including a sharp rise in basic commodity prices. Since its introduction on April 5 at an exc...Published: 11 Sep 2024 at 09:03hrs | 1024 | by Staff reporter
ZiG sabotage
The introduction of the Zimbabwe Gold currency (ZiG) nearly five months ago has contributed to noticeable stability and low inflation, largely due to the Reserve Bank of Zimbabwe's (RBZ) rigorous meas...Published: 10 Sep 2024 at 08:49hrs | 6407 | by Staff reporter
Mohadi drawn into gold claims ownership dispute
Vice-President Kembo Mohadi has been drawn into a protracted ownership dispute involving gold mining claims in Shamva.In a letter sent to Mohadi last Friday, Jairus Matsika, managing director ...Published: 09 Sep 2024 at 08:23hrs | 613 | by Staff reporter
'Ziyambi is talking garbage on Bulawayo water crisis'
Bulawayo residents have criticized the government’s stance on the city's water crisis, following comments from Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi, who attributed the s...Published: 09 Sep 2024 at 08:19hrs | 305 | by Staff reporter
Chief pleads for more police deployments as illegal miners wreak havoc
Chief Khulumani Mathema of Gwanda North has called on the government to deploy additional police personnel to his community to address the rising violence associated with illegal mining activities....Published: 09 Sep 2024 at 08:18hrs | 195 | by Staff reporter
TelOne frustrates Dembare
TelOne 0 - 0 DynamosDynamos coach Lloyd "MaBlanyo" Chigowe expressed frustration over TelOne's tactics after his team was held to a goalless draw in a Castle Lager Premier Soccer League match at B...Published: 09 Sep 2024 at 07:50hrs | 85 | by Staff reporter
Zimbabwean man murders woman after she rejects US$5 for sex
A 33-year-old gold panner from Chinhoyi, Tafadzwa Nkonde, has been charged with murder after allegedly raping and killing a woman who refused his US$5 offer for sex.The National Prosecuting Au...Published: 08 Sep 2024 at 20:20hrs | 1096 | by Staff reporter
Late businesswoman's family pushed for top lawyer's arrest
The family of the late businesswoman Jane Maisiri is calling for the arrest of prominent lawyer Wilson Manase, accusing him of mismanaging her estate since her death in 2002. Manase, appointed as the ...Published: 08 Sep 2024 at 15:16hrs | 1874 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9318 | by Staff reporter
BCC consider 2 000-metre drilling rigs to exploit aquifer under the city
Bulawayo is exploring the use of deep drilling rigs to access water from aquifers beneath the city as a solution to its ongoing water shortages. Despite being situated atop a significant aquifer, the ...Published: 08 Sep 2024 at 10:06hrs | 956 | by Gary Gerald Mtombeni
Zimbabwean gold syndicate kingpin accused of acquiring fake South African ID
AN investigation into illicit gold mining has uncovered how one of the accused obtained a fraudulent identity document, 12 years after arriving in South Africa.The home affairs officer probing...Published: 07 Sep 2024 at 10:29hrs | 10199 | by Staff reporter
A city at risk of collapsing: The cost of the search for gold in Zimbabwe
DOROTHY Moyo says a prayer every time she walks, runs, or drives around her neighbourhood in central Zimbabwe - afraid that the earth will give away from beneath her feet, dragging her underground....Published: 07 Sep 2024 at 10:21hrs | 1863 | by Staff reporter
Villagers fundraise to assist police dog attack victim
Villagers from Bubi, under the Bubi Community Parliament in Matabeleland North, have initiated a fundraising campaign to assist a 17-year-old boy, Sabelo Dube, who is struggling to receive medical tre...Published: 07 Sep 2024 at 10:13hrs | 260 | by Staff reporter
2 miners murdered in Esigodini
Two illegal miners were murdered on a farm in Esigodini while searching for gold at a panning site. One of the victims has been identified as 50-year-old Bulisani Ncube, while the other remains uniden...Published: 06 Sep 2024 at 14:55hrs | 627 | by Staff reporter
Khama Billiat's jersey sales smash records
Khama Billiat's jersey sales have set new records in Zimbabwe, generating an impressive R2.1 million for his club, Yadah FC. This extraordinary amount highlights the former Kaizer Chiefs star's consid...Published: 06 Sep 2024 at 08:01hrs | 1445 | by Staff reporter
How Zimbabwean accused in gold syndicate acquired SA ID
An investigation into illicit gold mining has uncovered how one of the accused obtained a fraudulent identity document, 12 years after arriving in SA.The home affairs officer probing the case ...Published: 06 Sep 2024 at 07:41hrs | 548 | by Staff reporter
Guard nabbed for insulting Mnangagwa
A 35-year-old security guard from Beitbridge, Ezekiel Chiradza, has been arrested for allegedly accusing President Emmerson Mnangagwa of economic mismanagement. Chiradza also criticized the n...Published: 06 Sep 2024 at 07:21hrs | 136 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6007 | by Staff reporter
Gold panner in court for murder
A gold panner, Tafadzwa Nkonde (33), who had been on the run after raping and killing a woman, has appeared before the Chinhoyi Magistrates' Court on murder charges under Section 47 of the Criminal La...Published: 05 Sep 2024 at 16:52hrs | 234 | by Staff reporter
Chiwenga talks tough over falling ZiG
Vice-President Constantino Chiwenga has announced that the government is closely monitoring financial markets to address the recent decline in the value of the local currency on the parallel mark...Published: 05 Sep 2024 at 07:21hrs | 987 | by Staff reporter
Mohadi rallies mining investors
Vice President Kembo Mohadi has urged investors from Indonesia and other countries to explore mining opportunities in Zimbabwe, emphasizing the importance of local value addition and beneficiation. ...Published: 04 Sep 2024 at 07:49hrs | 56 | by Staff reporter
Zimbabwe Central Bank issues revised forex market guidelines
The Reserve Bank of Zimbabwe (RBZ), through its Exchange Control department, has issued updated guidelines and compliance parameters for the interbank foreign exchange market, emphasizing the limitati...Published: 04 Sep 2024 at 07:46hrs | 125 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27338 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 456 | by Staff reporter
Lawyer in trouble for prospecting for gold
Bulawayo-based lawyer Dumisani Dube (36) and his accomplice Dakar Mohammad are in soup after they were arrested for allegedly prospecting for gold without a license.The duo appeared before Plu...Published: 02 Sep 2024 at 11:05hrs | 1389 | by Simbarashe Sithole
Mamelodi Sundowns working on new deal for Lunga
South Africa's defending league champions, Mamelodi Sundowns, are reportedly working on a new deal for Warriors defender Divine Lunga to fend off interest from Moroccan giants Wydad Casablanca. ...Published: 01 Sep 2024 at 10:13hrs | 266 | by Staff reporter
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