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Mdlongwa burial today
THE late opposition MDC founding executive Esaph Mdlongwa, who succumbed to COVID-19 on Wednesday, is set to be buried today at Luveve cemetery in Bulawayo.Former MDC Bulawayo senator Rita Ndl...Published: 17 Oct 2020 at 16:22hrs | 531 | by Staff reporter
Zimbabwe annual inflation tumbles to 659%
THE annual inflation rate dropped 101,62 percentage points to 659,4% last month, as recent gains of the local currency against the greenback continue to reflect on its strength.The drop in the...Published: 14 Oct 2020 at 06:35hrs | 692 | by Staff reporter
Zimbabwe is missing out on gold's rally
Gold might have rallied to a record high above US$2 070 this year, but policy missteps by the Zimbabwean authorities saw the southern African country missing out on the uplift.Zimbabwe, which ...Published: 11 Oct 2020 at 11:59hrs | 1309 | by Staff reporter
Tsenengamu aware of 'imminent risks and dangers' to his life
Former Zanu-PF youth leader Godfrey Tsenengamu walked into a police station on Friday and was arrested, police said for inciting Zimbabweans to commit public violence.Tsenengamu was named in a...Published: 10 Oct 2020 at 07:27hrs | 2455 | by Staff reporter
ANC MP slams De Lille over Beitbridge border fiasco
Calls for decisive action against Public Works and Infrastructure Minister Patricia de Lille are growing louder as lawmakers adopted a damning report on her involvement in the Beitbridge border fiasco...Published: 07 Oct 2020 at 20:02hrs | 1800 | by Staff reporter
Govt to approve Malawi trip
THE government is today expected to approve the Warriors trip to Malawi for an international friendly match against the hosts at Kamuzu Stadium on Sunday.Zifa had applied to the government thr...Published: 07 Oct 2020 at 06:56hrs | 587 | by Staff reporter
Two years on, the beast is revealed
LAST month marked President Emmerson Mnangagwa's inauguration as the second directly-elected leader of Zimbabwe since independence in 1980.Mnangagwa came riding on the wave of hope that no one...Published: 05 Oct 2020 at 06:49hrs | 1578 | by Staff reporter
Mliswa blasts ZACC, SACU
NORTON MP Temba Mliswa Wednesday urged Parliament to act on a land scandal in Aspindale, Harare involving businessman Billy Rautenbach and the state as the anti-corruption bodies were failing to prote...Published: 26 Sep 2020 at 08:17hrs | 1715 | by Staff reporter
Investors wary of Vic Falls bourse
EXPERTS say the success of the impending Victoria Falls Stock Exchange (VFSE) will depend on whether foreign investors will be allowed to easily repatriate their investments.In July, Finance m...Published: 18 Sep 2020 at 07:07hrs | 1133 | by Staff reporter
'Police Boss Godwin Matanga selling fraudulent stands' Mliswa says
Norton Member of Parliament Temba Mliswa has accused Commissioner General of the Police Godwin Matanga of working with Minister of Local government July Moyo to sell fraudulently acquired stands...Published: 17 Sep 2020 at 10:51hrs | 4445 | by Mandla Ndlovu
Mnangagwa's govt okays football resumption
GOVERNMENT has given the green light for the resumption of domestic football after Sports minister Kirsty Coventry yesterday submitted a raft of proposals to Zifa.Only one competitive match ha...Published: 15 Sep 2020 at 06:16hrs | 1754 | by Staff reporter
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 | 3318 | by Richard Mthwakazi
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 | 2387 | 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 | 1221 | 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 | 1382 | 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 | 563 | 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 | 2304 | by Jameson Dapi
'Chasi a victim of state capture'
FORMER energy minister Fortune Chasi (pictured)'s dramatic sacking from cabinet two weeks ago was a culmination of an intriguing plot of state capture by powerful fuel cartels, notably his spirited bu...Published: 28 Aug 2020 at 07:19hrs | 9182 | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 2566 | by Staff reporter
AUDIO: Temba Mliswa - G40 links exposed?
A political analyst Denford Rashai has taken a swipe at Norton Member of Parliament Temba Mliswa accusing him of seeking to isolate President Emmerson Mnangagwa from his key allies through leake...Published: 22 Aug 2020 at 12:03hrs | 8496 | by Mandla Ndlovu
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 | 8359 | by Staff reporter
Is foreign currency market stabilising?
It has been nine weeks since the Reserve Bank of Zimbabwe (RBZ) reintroduced the managed float interbank foreign currency trading system. The resumption was meant to establish a formal market under wh...Published: 21 Aug 2020 at 07:56hrs | 911 | by Respect Gwenzi
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 | 1171 | 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 | 1394 | 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 | 991 | by Staff reporter
Mobile money limits due for review
The level of inflation in the country, which reached 837 percent in July, should be used as an indicator that mobile money limits at $5 000 are now due for review. The latest data from the Zim...Published: 20 Aug 2020 at 07:20hrs | 885 | by Satff reporter
Zimbabwe divisions deepen as activists decry 'rampant abuses'
Facing high triple-digit inflation, a currency capitulation and corruption allegations, Zimbabwe has become fertile ground for civil unrest.a government crackdown on peaceful protesters and th...Published: 17 Aug 2020 at 07:29hrs | 617 | 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 | 1790 | by Staff reporter
Zimdollar return premature, says Gono
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has said the reintroduction of the Zimbabwean dollar, which has been rapidly losing value since its re-introduction in June last year, was pr...Published: 07 Aug 2020 at 09:10hrs | 7755 | by Staff reporter
Zimbabwean state capture
In my weekly political review show on the Gambakwe media platform two Sunday ago, we discussed about the planned demonstration on the 31st of July 2020. During the interview I invok...Published: 06 Aug 2020 at 22:59hrs | 4232 | by Terence. T. Simbi
ZSE reopens amid $240m loss
THE Zimbabwe Stock Exchange (ZSE) will resume trading tomorrow after a month-long government shutdown that saw the bourse losing at least $240 million in potential revenue.On June 29, the gove...Published: 02 Aug 2020 at 09:21hrs | 386 | by Staff reporter
Govt approves dual pricing
GOVERNMENT has authorised the pricing of goods and services in both the local currency and the United States dollar, barely a year after ditching the multi-currency regime."It is hereby notifi...Published: 27 Jul 2020 at 08:49hrs | 1728 | by Staff reporter
Was the shutting down of mobile money, ZSE a necessary evil?
ON June 26, 2020 the Information ministry announced in a tweet that all mobile money transactions and the Zimbabwe Stock Exchange (ZSE) would stop transacting forthwith.The authorities halted ...Published: 26 Jul 2020 at 11:11hrs | 2709 | by Admire Maparadza Dube
Mnangagwa picks fight with tycoon
Zimbabwe's president has picked a fight with the country's most successful businessman. The economy may be the loser.Under pressure from a plunging currency and 737% inflation, President Emmer...Published: 23 Jul 2020 at 20:57hrs | 9289 | by Bloomberg
Basketball (NBA): Baskets on fire soon!
Initially planned to be held as closed-door matches or even delocalized, Adam Silver, the Commissioner of the North American basketball league and his team, decided finally to suspend the season on Ma...Published: 19 Jul 2020 at 18:35hrs | 476 | by Staff writer
Zimbabwe headed for upheaval, report says
WITH security forces having seized control of economic and financial policy at a time of shrinking GDP and skyrocketing inflation, Zimbabwe is facing its worst crisis in more than a decade.Bas...Published: 19 Jul 2020 at 09:23hrs | 16870 | by Elliot Smith
Mangudya happy with currency, price trends
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya on Friday expressed confidence in the direction the economy is taking in terms of achieving exchange rate and price stability.A key rol...Published: 19 Jul 2020 at 09:18hrs | 1486 | by Staff reporter
Showdown looms over US$ 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 | 6811 | by Staff reporter
Mthuli Ncube takes Zimbabwe closer to hyperinflation
ZIMBABWE continued on its march back to hyperinflation in June, adding to the nation's economic woes.While annual inflation slowed for the first time in five months to 737.3% from 785.6% in Ma...Published: 16 Jul 2020 at 07:45hrs | 1450 | by Bloomberg
China to impose sanctions on US officials
China has decided to impose sanctions on four United States officials and an institution who have acted viciously on issues related to Xinjiang Uygur Autonomous Region as a reciprocal measure against ...Published: 14 Jul 2020 at 08:46hrs | 1199 | by Staff reporter
Zanu-PF to expel Old Mutual from Zimbabwe?
Zimbabwe's ruling party said it will expel Old Mutual Ltd. from its financial system, sowing confusion over the status of the insurance giant in the country and what will happen next in the government...Published: 11 Jul 2020 at 16:47hrs | 10831 | by Bloomberg
Justice Mangota in maintenance row
THE estranged wife of High Court judge David Mangota has approached the courts seeking a variation of her $500 monthly maintenance fees which she is receiving from the judge, saying it was not suffici...Published: 11 Jul 2020 at 08:13hrs | 2833 | by Staff reporter
Smells like November 2017
WHEN harvesting is completed in many parts of rural Zimbabwe, there are many rituals that take place.Villagers hold night vigils, sing and dance, but more importantly for those who love blood ...Published: 11 Jul 2020 at 08:10hrs | 1983 | by Paidamoyo Muzulu
Chamisa's MP approaches court over mandatory fuel blending
HARARE North member of the National Assembly and businessman Allan Markham has approached the High Court for an order to set aside regulations for the mandatory blending of anhydrous ethanol with unle...Published: 10 Jul 2020 at 07:18hrs | 2580 | by Staff reporter
Pressure mounts on Mnangagwa
Pressure is mounting on President Emmerson Mnangagwa's administration to resolve the economic crisis as the cost of living skyrockets.This comes as the local currency continues to lose value a...Published: 09 Jul 2020 at 20:53hrs | 9754 | by Staff reporter
Zanu-PF threatens to clamp down on big business
ZANU-PF has threatened to clamp down on big business fond of disrupting government policies by inflating prices of goods and manipulating the black market.Speaking at a policy meeting in Harar...Published: 09 Jul 2020 at 07:23hrs | 3110 | by Staff reporter
So much lies and distortions in Zimbabwean history - the true story needs to finally be told
When renowned pan-Africanist Marcus Garvey famously said, "A people without the knowledge of their past history, origin and culture is like a tree without roots", he had a very valid point, as indeed,...Published: 02 Jul 2020 at 14:27hrs | 1847 | by Tendai Ruben Mbofana
RBZ invites all forex holders to use new auction systems
The Reserve Bank of Zimbabwe (RBZ)'s monetary policy committee (MPC) has implored all holders of foreign currency to sell their money through the apex bank's auction market at their preferred prices, ...Published: 01 Jul 2020 at 17:55hrs | 1692 | by Staff reporter
Residents protest bond note snub
Mpopoma residents demonstrate at Mahomva shopping centre against the rejection of bond notes by general dealer shops on MondayDISGRUNTLED residents of Mpopoma high-density suburb in Bulawayo o...Published: 01 Jul 2020 at 07:26hrs | 1182 | by Staff reporter
Zimbabwe security chefs fingered in mobile money suspension
Zimbabwe's security force leaders sidelined the nation's economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situati...Published: 30 Jun 2020 at 22:44hrs | 5871 | by Staff reporter
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