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BCC considers introduction of Tradable Municipal Bonds
The City of Bulawayo is exploring new ways to finance its critical infrastructure projects through a joint proposal from Financial Services Exchange (Private) Limited and Nedbank. The proposal aims to...Published: 20 Oct 2024 at 12:16hrs | 114 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1426 | by Staff reporter
3 suspected hackers granted bail
Three suspected hackers from Bulawayo, accused of attempting to defraud Real Star Security Company of US$190,000, have been granted bail of US$100 each. The suspects - Gladstone Mthulisi Tsha...Published: 20 Sep 2024 at 07:47hrs | 143 | by Staff reporter
3 men in court for trying to steal US$190,000
Three men from Bulawayo have found themselves in legal trouble after allegedly attempting to gain unauthorized control over a bank account belonging to the security company Real Star. The accused - Gl...Published: 17 Sep 2024 at 06:48hrs | 851 | by Staff reporter
How Bangwato and Nswazwi of Botswana settled in Zimbabwe
The Bangwato-Tswana people of Mangwe in Zimbabwe are descendants of the followers of Raditladi and Mphoeng who broke away from the main group, following a dispute with Bangwato Regent Khama III in the...Published: 07 Jul 2024 at 10:37hrs | 4 | by People and Culture
Nedbank US$271 000 robbery suspect acquitted
Bulawayo regional magistrate Ms Sibonginkosi Mnkandla has acquitted Elias Mudenda, one of the two suspects accused of stealing US$271,500 and R2 million from a Nedbank branch in the city last year. Th...Published: 07 Jul 2024 at 10:36hrs | 30 | by Staff reporter
Zifa to host V.A.R training course for referees
The Zimbabwe Football Association is poised to organize the inaugural Video Assistant Referee (V.A.R) training course for Southern African countries next month, marking a significant step by COSAFA to...Published: 11 Apr 2024 at 18:55hrs | 1 | by Staff reporter
Why close Sekunjalo Bank account when Steinhoff is still having one?
The decision to shut down the Sekunjalo Group's bank accounts and associated companies is a clear case of discrimination masquerading as concern over "reputational risk."Ongoing legal battles ...Published: 25 Feb 2024 at 08:12hrs | | by Edmond Phiri
Zimbabwe records jump in investment proposals
Zimbabwe saw a massive growth in the value of proposed investments in the fourth quarter of 2023 despite approving fewer new investor licenses, according to the Zimbabwe Investment and Development Age...Published: 16 Feb 2024 at 04:56hrs | | by Staff reporter
Gavin Hunt willing to offer Billiat another chance
Billiat has been without a club since last season, after the player's much-publicised exit from Kaizer Chiefs. According to an insider at SuperSport, Hunt is willing to offer Billiat another chance in...Published: 22 Jan 2024 at 10:31hrs | | by Staff reporter
Robbers on the run, 5 months on
POLICE in Bulawayo are appealing for information that may lead to the location and arrest of seven robbers who invaded the Nedbank Belmont branch along Plumtree Road in August last year.The ro...Published: 04 Jan 2024 at 05:59hrs | 3 | by Staff reporter
Zimbabwe police identify, launch manhunt for Nedbank robbers
POLICE have identified and launched a manhunt for seven suspects, three of them notorious brothers accused of robbing a Nedbank branch in Bulawayo of US$272 500-00, ZAR 2 420 000-00, and five gold coi...Published: 04 Jan 2024 at 05:55hrs | 11 | by Staff reporter
Lifeline for SA-based unbanked Zimbabweans
SOUTH AFRICA-BASED Zimbabwean-owned ACID Financial Services company has rolled out banking services targeting unbanked Zimbabweans based in the neighbouring country without valid permits but have vali...Published: 07 Dec 2023 at 05:30hrs | 6 | by Staff reporter
Police officer in Nedbank robbery arrested
A female police officer has been apprehended in connection with the recent break-in at a Nedbank branch in Bulawayo, during which thieves made off with over US$270,000 and R2 million.According...Published: 26 Sep 2023 at 06:18hrs | 7 | by Staff reporter
Police detective arrested over calls with Bulawayo bank robbery suspects
A police detective, Detective Constable Sinikiwe Ndlovu, aged 38, has been apprehended and charged with corruption after evidence surfaced that she had been in communication with suspects involved in ...Published: 23 Sep 2023 at 19:50hrs | | by Staff reporter
Zimbabwe's Beitbridge border post project a flagship PPP
South African infrastructure development and construction materials supply group Raubex CEO Felicia Msiza enthuses that the project Raubex completed for the Zimbabwean government's road authority Zimb...Published: 06 Sep 2023 at 20:24hrs | 3 | by Cameron Mackay
Burglars raid Nedbank
Burglars broke into a Nedbank building in Bulawayo's Belmont industrial area where they damaged three safes before stealing over US$270 000 and about R2 million, police confirmed yesterday.The...Published: 30 Aug 2023 at 06:44hrs | 8 | by Staff reporter
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 8 | by Staff reporter
Gems face English test
THE Zimbabwe senior national netball team will today get an idea of their state of preparedness for the 2023 World Cup when they face England in a friendly game in Cape Town, South Africa.This...Published: 23 Jul 2023 at 08:04hrs | | by Staff reporter
Dzvukamanja dumps Orlando Pirates
THE speculation surrounding Terrence Dzvukamanja' future in South Africa's DStv Premiership was resolved yesterday after it was confirmed the Zimbabwe international was leaving Soweto giants Orlando P...Published: 18 Jul 2023 at 06:18hrs | 5 | by Staff reporter
Dzvukamanja to remain at Orlando Pirates
Orlando Pirates striker Terrence Dzvukamanja will remain at the club and is in talks over a fresh new contract with the club.The 29-year-old looked set to leave Pirates at the start of the 202...Published: 11 Jun 2023 at 21:36hrs | 1 | by Staff reporter
Dzvukamanja crosses fingers for a new Bucs deal
With his contract ending this month, Zimbabwe international striker Terrence Dzvukamanja wants to stay at South African football giants, Orlando Pirates.During the first-half of the recently c...Published: 04 Jun 2023 at 08:31hrs | | by Staff reporter
Dzukamanja wins it for Pirates
ZIMBABWE international Terrence Dzukamanja scored the winner as South African football giants Orlando Pirates beat Sikhukhune United 2-1 in the final of the prestigious Nedbank Cup on Saturday night ....Published: 28 May 2023 at 08:02hrs | | by Staff reporter
Women in agriculture capacitated
Over 200 women in agriculture were invited to meet with various stakeholders in Mashonaland East province for a capacity building in Agribusiness in Marondera today.The workshop unpacked oppor...Published: 18 May 2023 at 16:12hrs | 10 | by Simbarashe Sithole in Marondera
SA premier league footballer collapses and dies on training ground
The South African football community was mourning on Tuesday following the sudden death of Richards Bay Premier Soccer League (PSL) star Siphamandla Mtolo.Mtolo's club confirmed that he had di...Published: 08 Mar 2023 at 05:39hrs | | by Staff reporter
Knox Mutizwa joins SA top hitters list
Zimbabwean forward, Knox Mutizwa who plays for South Africa's Premier Soccer League side Golden Arrows, has joined a list of top footballers who scored 50 league goals for one club in Mzansi's topflig...Published: 08 Mar 2023 at 05:29hrs | 7 | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 10 | by Staff reporter
'VFEX growth exceeds expectation'
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has lauded the rapid growth of the Victoria Falls Stock Exchange (VFEX), which witnessed the listing of the fifth counter, Nedbank Gr...Published: 28 Nov 2022 at 04:55hrs | 1 | by Staff reporter
Nedbank Zimbabwe heads for VFEX
FINANCIAL services outfit, Nedbank Zimbabwe said on Friday it planned to list on the Victoria Falls Stock Exchange (VFEX) on November 18, becoming the first lender to trade its stock at the waterfall ...Published: 24 Oct 2022 at 06:09hrs | 1 | by Staff reporter
ZB directors mull liquidation and surrendering licence
With three months left before year-end, it is now crunch time for ZB Financial Holdings (ZBFH), which is currently under increased pressure to recapitalise its building society within the grace period...Published: 02 Oct 2022 at 08:58hrs | 2 | by Staff reporter
Chamisa's lawyer Zacc in crosshairs
TOP lawyer, Advocate Thabani Mpofu is in Zimbabwe Anti-Corruption Commission (Zacc)'s crosshairs following allegations that he received "an inducement" from accused persons to conceal racism and human...Published: 26 Sep 2022 at 06:02hrs | | by Staff reporter
Nedbank chops off 23 workers
Nedbank Zimbabwe Limited has retrenched 23 workers, including 10 managers, citing a shift in its strategic focus.The workers affected by the compulsory retrenchment exercise, which took effect...Published: 11 Aug 2022 at 06:42hrs | | by Staff reporter
Bankers endorse central bank currency auction
BANKERS have endorsed government's foreign currency auction system, describing it as transparent given the prevailing economic situation.Giving oral evidence before the Parliamentary Portfolio...Published: 21 Jun 2022 at 06:41hrs | | by Staff reporter
July Moyo in $3.5 million scandal
Local government minister July Moyo forced the Victoria Falls municipality to scrap a tender for the supply of water pumps in favour of his handpicked supplier, it was reported on Friday.Moyo'...Published: 03 Jun 2022 at 19:15hrs | 5 | by Staff reporter
Nedbank in Public Relations panic over Mutsvangwa's $600 000 dispute
Nedbank Zimbabwe found itself in an awkward Public Relations position as they invited Information Minister Monica Mutsvangwa to officiate at a dinner hosted for South African Television mogul Connie F...Published: 01 Jun 2022 at 09:32hrs | 7 | by Mandla Ndlovu
Connie Ferguson excited about Zimbabwe visit
South African multi-talented actress and businesswoman Connie Ferguson says she is excited to visit Zimbabwe next Thursday.Ferguson is coming to Zimbabwe for a three day visit courtesy of Nedb...Published: 01 May 2022 at 14:27hrs | 5 | by Nkosinathi Ncube
Money heist at CSC pension fund
THE Cold Storage Company (CSC)'s pension fund has been rocked by a scandal involving some former top executives, who are allegedly implicated in the spiriting away of millions of United States dollars...Published: 08 Apr 2022 at 12:11hrs | 7 | by Staff reporter
Zimbabwe to draw US$145 million IMF funds
SOME US$145 million from the US$960 million Special Drawing Rights released by the International Monetary Fund last year to cushion member States against the effects of the Covid-19 pandemic will be d...Published: 06 Apr 2022 at 06:24hrs | | by Staff reporter
Nedbank renews Sables sponsorship
NEDBANK Zimbabwe has renewed sponsorship of the Sables for one more year after announcing an increase to the title sponsorship of the country's flagship rugby side.The bank‚ which has commit...Published: 24 Feb 2022 at 05:41hrs | | by Staff reporter
RBZ tells banks to shape up or ship out
BANKING sector experts have thrown their weight behind the Reserve Bank of Zimbabwe (RBZ)'s move to tighten screws on operators that fail to comply with new minimum capital requirements, which came in...Published: 18 Feb 2022 at 05:34hrs | | by Staff reporter
RBZ comes hard on bank shareholders
SHAREHOLDERS at financial institutions that have failed to meet new minimum capital requirements will forgo dividends until their firms comply with the central bank's directives, the Reserve Bank of Z...Published: 08 Feb 2022 at 05:37hrs | | by Staff reporter
NetOne intensifies electronic airtime recharge
THE mobile markets in Africa are for the most part prepaid, with the traditional means of distribution being the sale of scratch cards.It is no secret that this distribution channel has brough...Published: 07 Nov 2021 at 07:07hrs | 7 | by Staff reporter
'Top bankers assigned to guard Zimbabwe's IMF windfall'
Finance Minister Mthuli Ncube laid out a solid spending plan for the US$961 million recently injected by the International Monetary Fund (iMF), saying the windfall would be guarded by three top banker...Published: 03 Sep 2021 at 07:01hrs | | by Staff reporter
Mutsvangwa's son loses $617,000, suspect flees
A SUSPECTED bank card cloner, who allegedly stole $617 750 from the bank account of Information minister Monica Mutsvangwa's son, Neville, had a warrant of arrest issued against him after he failed to...Published: 14 Jul 2021 at 09:39hrs | | by Staff reporter
Arubi wins top award in SA, pockets R150 000
AGELESS former Warriors goalkeeper Washington Arubi capped a memorable season in South Africa's Dstv Premier Soccer League 2020/21 season after being named the Nedbank Cup Player of the Tournament dur...Published: 08 Jun 2021 at 06:27hrs | | by Staff reporter
'Beitbridge project among top deals of the year'
The Global Trade Review, the global trade finance magazine, has named the US$296 million project to rebuild Beitbridge Border Post among its top 11 worldwide deals of the year.Global Trade Rev...Published: 28 May 2021 at 08:03hrs | | by Staff reporter
Nebank bankrolls Sables' WC quest
NEDBANK Zimbabwe has pledged to play a leading role in ensuring the Sables achieve their goal of qualifying for the 2023 Rugby World Cup after being unveiled as the new headline sponsors of the senior...Published: 28 May 2021 at 08:01hrs | 1 | by Staff reporter
Mutsvangwa's son in $600,000 dispute with bank
ONE of Information minister Monica Mutsvangwa's sons is embroiled in a dispute with Nedbank over "fraudulent" transactions where he allegedly lost over $617 700.Neville Mutsvangwa, through his...Published: 16 May 2021 at 09:58hrs | 1 | by Staff reporter
Arubi eyes Warriors comeback
FORMER Highlanders goalkeeper Washington Arubi could force himself back into contention for the Warriors number one goal-keeping position as he continues to put up impressive performances for his Sout...Published: 22 Apr 2021 at 06:17hrs | | by Staff reporter
Arubi earns Sundowns coach respect
FORMER Warriors goalkeeper Washington Arubi was the hero on Sunday as South African side Tshakhuma Tsha Madzivhandila (TTM) beat champions Mamelodi Sundowns in the semi-final of the Nedbank Cup....Published: 20 Apr 2021 at 07:33hrs | 7 | by Staff reporter
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