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Journalists assaulted at Press conference
SEVERAL journalists were yesterday assaulted by suspected State agents while attending a media conference hosted by Zimbabwe National Students Union (Zinasu) president Takudzwa Ngadziore near Impala C...Published: 19 Sep 2020 at 06:25hrs | 1518 | 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 | 3928 | 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 | 3269 | by Richard Mthwakazi
Some rural shops have rendered e-wallets redundant
Most rural traders and general dealer shop owners order their goods from N. Richards and Mahomed Mussa Wholesalers where they buy using e-wallets. On reaching the countryside they fleece the m...Published: 11 Sep 2020 at 07:03hrs | 227 | by Tondo
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 | 2003 | 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 | 2372 | 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 | 1205 | 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 | 258 | 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 | 252 | 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 | 1380 | 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 | 561 | 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 | 2296 | by Jameson Dapi
Mugabe coup announcer emerges front-runner in Zanu-PF succession race
FOREIGN Minister Sibusiso Moyo has emerged as a centre of power in government and the ruling Zanu-PF party, and now fancies his chances of becoming Zimbabwe's next president.This was said by e...Published: 27 Aug 2020 at 07:36hrs | 15440 | by newzimbabwe
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 | 2860 | by Staff reporter
Mangudya stabilizes market and prices through Foreign exchange auction
The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bi...Published: 26 Aug 2020 at 13:30hrs | 3404 | by Tinashe Eric Muzamhindo
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 | 760 | 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 | 1163 | 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 | 816 | 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 | 596 | 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 | 326 | 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 | 8334 | 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 | 1578 | 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 | 1848 | 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 | 1981 | 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 | 1164 | 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 | 1390 | 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 | 990 | by Staff reporter
ZBC names Alson Mfiri as acting head of news
The Zimbabwe Broadcasting Corporation (ZBC) has appointed Alson Mfiri as acting head of news and current affairs, taking over from Gilbert Nyambabvu.Nyambabvu, who held the high-pressure job f...Published: 18 Aug 2020 at 08:30hrs | 2266 | by Staff reporter
RBZ to buttress auction system
THE Reserve Bank of Zimbabwe (RBZ) says it will announce policy measures to buttress stability of the auction system and exchange rate when it delivers the Mid-term Monetary Policy Review this week....Published: 16 Aug 2020 at 08:14hrs | 1076 | by Staff reporter
Zimdollar depreciates by 2.5% agains the real dollar
The Zimbabwe dollar depreciated 2.5% to 82.5608 in Thursday's combined auction. The local currency has depreciated 69.7% from the fixed exchange rate of 25 and 30.52% from the auction start rate of 57...Published: 13 Aug 2020 at 20:21hrs | 1170 | by finx
Zimbabwe reserve money supply drops
ZIMBABWE'S reserve money supply growth decreased to $16,66 billion in the week ended July 31 from $17,01 billion the previous week as authorities implement tight policies to control inflation. ...Published: 12 Aug 2020 at 06:46hrs | 914 | by Staff reporter
Zimbabwe not dollarising, says RBZ
RESERVE Bank of Zimbabwe (RBZ) governor Dr John Mangudya, insists there is no going back on the process of de-dollarising the economy despite the growing use of the US dollar in most transactions, mor...Published: 10 Aug 2020 at 17:12hrs | 1789 | by Staff reporter
Mnangagwa blocks bread price hike
Government has blocked bakers from increasing the price of a standard loaf of bread to $80 from an average $60 and assured them of more than US$2 million every week from the foreign currency auction....Published: 09 Aug 2020 at 09:44hrs | 596 | by Staff reporter
Tagwirei business empire faces tough times
ZIMBABWEAN business tycoon Kudakwashe Regimond Tagwirei, accused of capturing the state for personal gain alongside with the Presidium, has been slapped with sanctions by the United States government,...Published: 07 Aug 2020 at 09:11hrs | 7520 | by Staff reporter
GNU best way out of Zimbabwe crisis
UNITED Kingdom-based lawyer and blogger Alex Magaisa last month published a list of beneficiaries of the Reserve Bank of Zimbabwe (RBZ) farm mechanisation programme, that included cabinet ministers, Z...Published: 07 Aug 2020 at 09:06hrs | 2315 | by Staff reporter
Motorists plead for fuel dual pricing
Government should come up with legislation that makes it mandatory for service stations to sell fuel in both foreign and local currency in line with the prevailing exchange rate, motorists have said. ...Published: 04 Aug 2020 at 08:07hrs | 498 | by Staff reporter
BREAKING: Former RBZ Director Norman Mataruka dies of Coronavirus
Former Director of Banking Supervision at the Reserve Bank of Zimbabwe Norman Mataruka has died, sources in Harare have confirmed. According to impeccable sources, Mataruka is said to have suc...Published: 27 Jul 2020 at 09:35hrs | 14172 | by Mandla Ndlovu
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2709 | by Admire Maparadza Dube
Zimdollar depreciates 4.5% to $72.14
There was a 4.51% depreciation on the local currency against the US$ to 72.1470 at the close of the Reserve Bank of Zimbabwe auction of Tuesday with US$14.85 million being allotted at a cost of $1.07 ...Published: 21 Jul 2020 at 17:35hrs | 1745 | by Staff reporter
Why hated Zimdollar is headed in one direction
On July 9, 2020, my young liberal team and I sampled a few of our country's top economic analysts on a Zoom conference on Zimbabwe's precarious currency conundrum.Likely though it seems, one c...Published: 19 Jul 2020 at 18:53hrs | 3648 | by Rejoice Ngwenya
Zimbabwe headed for upheaval, report says
WITH security forces having seized control of economic and financial policy at a time of shrinking GDP and skyrocketing inflation, Zimbabwe is facing its worst crisis in more than a decade.Bas...Published: 19 Jul 2020 at 09:23hrs | 16868 | by Elliot Smith
Mangudya happy with currency, price trends
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya on Friday expressed confidence in the direction the economy is taking in terms of achieving exchange rate and price stability.A key rol...Published: 19 Jul 2020 at 09:18hrs | 1486 | by Staff reporter
Showdown looms over US$ salaries
Civil servants have requested a post-Mid-Term Fiscal Policy review meeting with the ministries of Finance and Public Service Labour and Social Welfare and central bank chief John Mangudya as they push...Published: 16 Jul 2020 at 08:02hrs | 6794 | by Staff reporter
It is time for Mthuli Ncube to go
Finance minister of Zimbabwe, Mthuli Ncube, PhD (cantab), has become the poster child of everything that is wrong with the management of affairs in Zimbabwe. He must go. Then and only then, will Zimba...Published: 12 Jul 2020 at 10:58hrs | 5200 | by Kenneth Mufuka
RBZ designates Zimswitch as a national payment switch
The Reserve Bank of Zimbabwe (RBZ) has designated Zimswitch as a national payment switch with immediate effect as it moves to operationalise Statutory Instrument 80 of 2020, which enables it to contro...Published: 09 Jul 2020 at 19:21hrs | 2053 | by Staff reporter
Zimdollar continues to depreciate against the dollar
The Zimbabwe dollar depreciated 3.2% at the foreign currency auction to 65.8765 from 63.7442 last week. Today's auction marked the entry of exporters and holders of free funds who were liquidating the...Published: 07 Jul 2020 at 17:42hrs | 3065 | by Staff reporter
Over 200 arrested for rejecting bank notes
So far 202 people have been arrested for rejecting dollars and labelling them "bond notes", with 51 of them already brought to court, while five have been fined between $200 and $500. The arre...Published: 06 Jul 2020 at 13:05hrs | 667 | by Staff reporter
Pensioner sues over US dollar savings
AN 86-year-old pensioner is challenging the constitutionality of the statutory instrument (SI) that converted United States dollar balances to Real-Time Gross Settlement (RTGS) accounts, which resulte...Published: 03 Jul 2020 at 08:28hrs | 5324 | by Staff reporter
FCA account holders fail to withdraw cash
INDIVIDUALS with nostro foreign currency accounts (FCAs) in Zimbabwe are failing to withdraw US dollars from banks, a development which undermines public confidence and trust in the financial system....Published: 03 Jul 2020 at 08:27hrs | 6113 | by Staff reporter
BREAKING: Bread price reduced to $66
The Grain Millers Association of Zimbabwe National Chairman Tafadwa Musarara has announced that the price of a standard loaf of bread will be reduced from ZWL79 to ZWL66. Musarara said the pos...Published: 02 Jul 2020 at 13:47hrs | 5218 | by Mandla Ndlovu
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