Search / John mangudya
Govt rules out return of US dollar
ZIMBABWE will not consider using the US dollar as its default tender again, saying it won't repeat its past mistake of abandoning the local currency."One of the biggest mistakes was dollarisin...Published: 30 Nov 2020 at 19:05hrs | 2549 | by Staff reporter
Fuel smugglers, tax evaders warned
Government has issued a stern warning to fuel smugglers and tax evaders, as it moves in to plug revenue leakages that have been negatively impacting the country's economic growth.A post-budget...Published: 30 Nov 2020 at 18:28hrs | 665 | by Staff Reporter
RBZ swoops on foreign entities
THE Reserve Bank of Zimbabwe (RBZ) has launched an investigation into the conduct of at least 15 foreign-owned companies, which have allegedly externalised millions of United States dollars, according...Published: 27 Nov 2020 at 07:07hrs | 4195 | by Staff reporter
RBZ to regulate cryptocurrencies
The Reserve Bank of Zimbabwe is working on a regulatory framework for cryptocurrency trading platforms operating in the country. Governor John Mangudya said that the central bank was not again...Published: 26 Nov 2020 at 07:56hrs | 4581 | by Staff reporter
RBZ ropes in banks to clear forex backlog
The Reserve Bank of Zimbabwe has approached local banks to help clear a two-week backlog of unpaid importers invoices amid indications that the auction is struggling to keep up with demand for foreign...Published: 26 Nov 2020 at 07:48hrs | 2755 | by Staff reporter
2021 budget: Fitting a round peg in a square hole
THE 2021 national budget due to be presented this afternoon presents one of the toughest challenges for Finance minister, Mthuli Ncube.He is expected to roll out strategies that will help the ...Published: 26 Nov 2020 at 07:27hrs | 399 | by Staff reporter
Zimbabwe diaspora remittances up 45% due to lockdowns
Zimbabwe's central bank governor said on Thursday official remittances from the diaspora were up 45% during the January-September period from last year at $657.7 million as COVID-19 lockdowns forced p...Published: 21 Nov 2020 at 19:26hrs | 747 | by Staff Reporter
Firms hail forex auction system
ZIMBABWE'S biggest companies have hailed central bank governor, John Mangudya's foreign currency auction system for defusing a forex crisis that had affected production in the past year.The Re...Published: 20 Nov 2020 at 06:08hrs | 285 | by Staff reporter
Sanction Auxillia Mnangagwa and Freeze her foreign bank accounts
The first family must command respect, not demand it. This, they should do through leading by example. "Julius Caesar's wife must be above suspicion". The first lady should not be seen throwing her we...Published: 10 Nov 2020 at 12:28hrs | 18468 | by Israel Dube
RBZ official in DCC campaigns
Reserve Bank of Zimbabwe employee Kushinga Dutiro has breached his organization code of conduct by contesting in Zanu PF District Coordinating Committee (DCC) elections.The bank's code of cond...Published: 07 Nov 2020 at 17:28hrs | 1375 | by Simbarashe Sithole
Rushwaya gold case opens can of worms
THE dramatic arrest and subsequent prosecution of suspended Zimbabwe Miners Federation (ZMF) president Henrietta Rushwaya has lifted the lid on the cutthroat gold trafficking underworld dominated by t...Published: 06 Nov 2020 at 06:56hrs | 11766 | by Staff reporter
Govt losing millions as firms evade US dollar tax
THE Zimbabwe government is being cheated of millions of United States dollars in tax revenue by businesses that are accepting foreign currency payments but not declaring or under-declaring the forex p...Published: 06 Nov 2020 at 06:47hrs | 664 | by Staff reporter
Mnangagwa ups anti-corruption fight
President Mnangagwa has appointed a 13-member steering committee to oversee the implementation of the National Anti Corruption Strategy, which was launched in July. Members of the committee in...Published: 02 Nov 2020 at 06:51hrs | 1962 | by Staff reporter
Criminals around Mnangagwa will surely bring him down
ONE night in November 2017, a chubby soldier donning a red beret and military fatigues appeared on ZBC-TV. It was immediately clear something was amiss. His demeanour immediately betrayed what mischie...Published: 30 Oct 2020 at 06:44hrs | 5948 | by Staff reporter
Mangudya agonises over gold smuggling
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has expressed concern over rampant smuggling of gold, warning Zimbabwe could as a result miss its official 25 tonnes production target for the yea...Published: 30 Oct 2020 at 06:38hrs | 5361 | by Staff reporter
RRB controversially pays off NOIC's debt to Tagwirei's Sakunda
Shocking revelations have emerged that the Reserve Bank of Zimbabwe (RBZ) is servicing a US$17,2 million debt owed by the national oil and infrastructure company (NOIC) to Sakunda holdings.NOI...Published: 30 Oct 2020 at 06:36hrs | 1429 | by Staff reporter
Mnangagwa implores business produce more goods at affordable prices
PRESIDENT Emmerson Mnangagwa has implored business to capitalise on the country's stabilising economy and produce more goods at affordable prices for ordinary Zimbabweans.Speaking at the unvei...Published: 29 Oct 2020 at 21:08hrs | 81 | by Staff reporter
RBZ bouyant over Zimdollar
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he is doing everything in his power to maintain a four-month stretch of exchange rate stability achieved since the introduction of the foreig...Published: 25 Oct 2020 at 08:28hrs | 5388 | by Staff reporter
Mnangagwa says 'a brighter future depends on us all'
PRESIDENT Emmerson Mnangagwa yesterday made an impassioned call to all Zimbabweans to set aside their political differences and work together to build the country.At the same time, the 78-year-old...Published: 23 Oct 2020 at 17:13hrs | 551 | by Staff reporter
RBZ debt accumulation above US$2 billion
THE US$2,23 billion debt accumulated by the Reserve Bank of Zimbabwe (RBZ) in the 12 months since July 2019 could be grossly understated, as fresh details emerged this week indicating the central bank...Published: 23 Oct 2020 at 08:41hrs | 828 | by Staff reporter
RBZ keeps policy rate at 35%
THE Reserve Bank of Zimbabwe (RBZ) said on Monday its monetary policy committee (MPC) had agreed to maintain the policy rate at 35% as part of measures to keepspeculative borrowing at bay....Published: 15 Oct 2020 at 06:43hrs | 397 | by Staff reporter
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | 1970 | by Staff reporter
Zimdollar stable against the real US dollar
The Reserve Bank of Zimbabwe says on average US$5-$6 million is trading formally outside the foreign currency auction system every week within prescribed margins while there has been an increased numb...Published: 13 Oct 2020 at 20:54hrs | 3209 | by Staff reporter
Tempers flare as RBZ debt spikes
GOVERNMENT was this week caught in the eye of a storm after the Reserve Bank of Zimbabwe (RBZ) said it had accumulated US$2,23 billion in fresh debt between July 2019 and July 2020.Authorities...Published: 09 Oct 2020 at 10:20hrs | 4768 | by Staff reporter
Biti allegations are baseless
MDC-ALLIANCE co-vice-president Tendai Biti has on countless occasions made unsavoury and bald assertions, mainly to his gullible supporters, that "Zanu-PF may rig elections, but it cannot rig the econ...Published: 05 Oct 2020 at 06:41hrs | 1932 | by Rutendo Jiri
Jonathan Moyo threatens to publish Cabinet minutes
SELfEXILED former minister Jonathan Moyo has threatened to publish Cabinet minutes to prove that G40 elements were not taking instructions from the late for mer president Robert Mugabe's wife, Grace....Published: 27 Sep 2020 at 07:51hrs | 10702 | by Staff reporter
Equatorial Guinea delegation meets Mnangagwa
Equatorial Guinea Foreign Affairs Minister Mr Simeon Oyono today paid a courtesy call on President Mnangagwa at State House to deliver a special message from President Teodoro Obiang Nguema Mbasogo....Published: 23 Sep 2020 at 22:24hrs | 926 | by Staff reporter
Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain
FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their respon...Published: 15 Sep 2020 at 11:34hrs | 3953 | by Nathan Gurira
Temba Mliswa a rumbling tinpot
Temba Mliswa is a political turncoat and ruble rousing attention seeker. September 2014 Temba Mliswa supported Joyce Mujuru and labelled Jonathan Moyo and others as gay gangsters who worked for the CI...Published: 12 Sep 2020 at 06:05hrs | 3329 | by Richard Mthwakazi
Zimdollar appreciates 0.75% to against the real US dollar
The local currency continued to gain against the dollar as it was up 0.75% in the latest auction as bidders continue to get all the money they bid at their various rates. The ZWL's latest...Published: 08 Sep 2020 at 19:11hrs | 2010 | by Staff reporter
Zimdollar, prices of basic goods remain stable
THERE is a glimmer of hope among long-suffering Zimbabweans that the stabilising cost of basic consumer goods in the country will soon lead to more prices coming down on the back of the continuing goo...Published: 07 Sep 2020 at 17:06hrs | 2392 | by Staff reporter
Zimbabwe business opts for US dollars as base currency
TRANSACTIONS are increasingly occurring in United States Dollars which means that households that earn incomes in the Zimbabwe dollar including most poor households, will find it increasingly unafford...Published: 07 Sep 2020 at 06:33hrs | 1228 | by Staff reporter
Zanu-PF ministerial briefings continue
THE governing party, ZANU-PF, will continue briefings with Cabinet ministers as it tries to add impetus to ongoing efforts to grow the economy.The consultations are part of the party's thrust ...Published: 06 Sep 2020 at 08:47hrs | 259 | by Staff reporter
RBZ to settle gold miners' outstanding payments
THE Zimbabwe Miners Federation (ZMF) has received assurance from the Reserve Bank of Zimbabwe that its members will start receiving outstanding payments for gold deliveries this week. ZMF is t...Published: 31 Aug 2020 at 06:01hrs | 253 | by Staff reporter
Zimbabwe set to lose $1 billion in potential revenue
ZIMBABWE'S cash-strapped government is set to forgo over $1 billion in revenues from the intermediated money transfer tax (IMTT) as a result of policy inconsistencies, analysts have said.The g...Published: 30 Aug 2020 at 10:58hrs | 1386 | by Staff reporter
Mangudya's auction has made doubting Thomases believe
On June 23, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country.Indeed, the auction came as refre...Published: 30 Aug 2020 at 08:28hrs | 565 | by Jameson Dapi
Mangudya's auction has made doubting Thomases believe…
On 23 June, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country. Indeed, the auction came as refreshingly...Published: 28 Aug 2020 at 19:04hrs | 2316 | by Jameson Dapi
RBZ tightens EcoCash squeeze
The Reserve Bank of Zimbabwe (RBZ) has directed Econet Wireless that EcoCash individual subscribers will, with immediate effect, be allowed to transact a maximum of Z$5,000 daily.Individuals a...Published: 26 Aug 2020 at 20:35hrs | 2928 | by Staff reporter
Zimdollar depreciates 0.57% to 83.40 against the US dollar
The Zimbabwean dollar depreciated 0.576% to 83.3994 from last week's 82.9184 as the spread between bids narrowed further. While this is a step in the right direction in terms of price sta...Published: 25 Aug 2020 at 18:05hrs | 767 | by Staff reporter
More USD for Zimbabwe
ZIMBABWEANS living and working abroad sent more than US$374 million back home during the first six months of the year, which represents a 26 percent rise from the US$298 million that was recorded in t...Published: 23 Aug 2020 at 11:11hrs | 1167 | by Staff reporter
Zimbabwe economy finally being 'rigged'
Nelson Chamisa and his MDC-Alliance lost the election in the July 2018 elections of the post-Mugabe era.Reacting to this loss, he cockily pronounced that it was of no consequence.His a...Published: 23 Aug 2020 at 11:10hrs | 817 | by Ambassador Chris Mutsvangwa
Mobile operators outed for printing money
SOME mobile money operators have been printing money through creating overdrafts and fictitious credit, most of which was channelled to buy foreign currency on the parallel market a practice that has ...Published: 23 Aug 2020 at 11:09hrs | 598 | by Staff reporter
Cash disbursements to resume
Cash disbursements to vulnerable households affected by Covid-19 are set to resume soon as the Reserve Bank of Zimbabwe (RBZ) finalises its investigations into abuse of mobile money platforms, which w...Published: 23 Aug 2020 at 11:08hrs | 329 | by Staff reporter
RBZ 'bans' bulk payments of salaries, wages
THE Reserve Bank of Zimbabwe (RBZ) has restricted the payment of salaries and wages through bulk payments and mobile money agents as part of measures to curb illicit transactions.The move by t...Published: 22 Aug 2020 at 08:34hrs | 8399 | by Staff reporter
RBZ directs sale of 20% shop forex
Twenty percent of all new foreign currency taken by Zimbabwean businesses from local customers must now be liquidated at the official exchange rate, when deposited in a domestic foreign currency bank ...Published: 22 Aug 2020 at 08:25hrs | 1632 | by Staff reporter
Mobile money agents abolished in Zimbabwe
GOVERNMENT has with immediate effect abolished mobile money wallet agents as they are no longer serving any legitimate purpose and further tightened regulations to tackle illegal foreign currency deal...Published: 21 Aug 2020 at 19:31hrs | 1852 | by Staff reporter
Mangudya admits partial dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya, pictured, yesterday said the country partly dollarised to allow citizens to use foreign currency they get from their relatives in the diaspora....Published: 21 Aug 2020 at 19:28hrs | 1983 | by Staff reporter
Zimra demands taxes in forex
THE Zimbabwe Revenue Authority (Zimra) says a new law will shortly be introduced compelling companies transacting in United States dollars to receipt in foreign currency.Zimra said failure to ...Published: 21 Aug 2020 at 07:50hrs | 1180 | by Staff reporter
Mangudya goads firms to liquidate forex earnings
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya (pictured) has threatened to blacklist firms which do not liquidate their foreign currency on the forex auction as well as those who purchase the ...Published: 21 Aug 2020 at 07:49hrs | 1402 | by Staff reporter
RBZ to blacklist firms snubbing forex auction
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has threatened to blacklist firms that do not liquidate their foreign currency on the forex auction as well as purchase the currency on the same p...Published: 21 Aug 2020 at 07:40hrs | 995 | by Staff reporter
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