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POSB partners with Zimnat
People's Own Savings Bank (POSB) has entered a strategic partnership with Zimnat General Insurance to offer a wide range of bancassurance services, enhancing its service offerings and providing custom...Published: 05 May 2025 at 16:03hrs | 277 | by Staff reporter
Selous Scouts Pseudo Operations Tactics Used Against Chivhayo
The Selous Scouts stand as a notorious example of how manipulation and deception can be weaponized in the struggle for political power. Rooted in pseudo operations, Selous Scouts relied heavily on (Bl...Published: 07 Apr 2025 at 19:33hrs | 1329 | by Hector Chikokiyana
Zimbabwean banks face backlash over excessive charges
Zimbabwe's banking sector is celebrating strong financial results, with shareholders across financial institutions enjoying substantial dividend payouts following another profitable year. However, the...Published: 06 Apr 2025 at 11:26hrs | 384 | by Staff reporter
Fact-Checking Blessed Geza
A few days ago, war veteran Blessed Geza released a reckless and inflammatory video on YouTube, packed with baseless accusations and outright fabrications all in a desperate attempt to incite unrest....Published: 23 Mar 2025 at 21:03hrs | 5306 | by John Mbizvo
What's the point of a witness protection law when Zimbabwe is a lawless country?
Can a government entrenched in corruption seriously be expected to fight it?The Whistle Blower and Witness Protection Bill, set to be tabled in Zimbabwe's National Assembly in August, appears ...Published: 18 Mar 2025 at 13:40hrs | 389 | by Tendai Ruben Mbofana
POSB starts selling Belarus tractors
People's Own Savings Bank (POSB), one of the financial institutions selected by the Government to facilitate the resale of Belarus tractors to Zimbabwean farmers, has announced that the equipment is n...Published: 14 Mar 2025 at 17:28hrs | 979 | by Staff reporter
POSB scandal exposes Mnangagwa?
Documents supporting President Emmerson Mnangagwa's controversial handling of the planned sale of the state-owned People's Own Savings Bank (POSB) have sparked grave concerns regarding transparency an...Published: 11 Mar 2025 at 08:11hrs | 3528 | by Staff reporter
POSB scandalous sale deal comes under scrutiny
Despite the questionable agreement surrounding the state-owned People's Own Savings Bank (POSB), Attorney-General Virginia Mabiza's correspondence with the bank's management and a directive from Presi...Published: 11 Mar 2025 at 08:06hrs | 972 | by Staff reporter
Emmerson Mnangagwa and the 26 criminals around him
In November 2017, former President Robert Mugabe was removed from office and his crime, according to the putschists who ousted him in a coup, was that he had allowed himself to be surrounded by crimin...Published: 08 Mar 2025 at 15:51hrs | 1725 | by Luke Tamborinyoka
AMH Chief Executive compromised?
Kenias Mafukidze, the chief executive of Trevor Ncube's privately-owned media house Alpha Media Holdings (AMH), is facing intense scrutiny after being caught in a glaring conflict of interest. Mafukid...Published: 07 Mar 2025 at 07:32hrs | 515 | by Staff reporter
RBZ dismisses fake news of POSB sale
The Governor of the Reserve Bank of Zimbabwe (RBZ), John Mushayavanhu, has dismissed claims that the People's Own Savings Bank (POSB) is up for sale. This follows reports suggesting that the state-own...Published: 22 Feb 2025 at 09:24hrs | 170 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12998 | by Staff reporter
Zimbabwe teachers petition govt over 'farm-like' wages
The Progressive Teachers Union of Zimbabwe (PTUZ) has formally petitioned the government over the ongoing issue of erratic salary payments, particularly highlighting delays in the payment of the local...Published: 23 Nov 2024 at 13:31hrs | 1663 | by Staff reporter
Annual independent external audit for RBZ reserves
Independent external auditors shall audit Reserve Bank of Zimbabwe (RBZ) precious minerals and foreign currency reserves backing the country's new currency, Zimbabwe Gold (ZiG), once a year as part of...Published: 11 Apr 2024 at 08:32hrs | 19 | by Staff reporter
POSB privatisation put on halt
THE planned partial privatisation of the People's Own Savings Bank (POSB) has been put on halt as the bank awaits further guidance on the project from the shareholder.Partial privatisation was...Published: 04 Apr 2024 at 06:14hrs | 3 | by Staff reporter
POSB rolls-out ATMS
The People's Own Savings Bank (POSB) has rolled out 15 advanced Automated Teller Machines (ATMs) across its service centres as part of enhancing customer experience and convenience.This is the...Published: 10 Feb 2024 at 06:29hrs | 7 | by Staff reporter
Zanu-PF members label police liars
There was drama at the Gweru Magistrates Court yesterday where Zanu-PF witnesses are testifying in the case in which Citizens Coalition for Change (CCC) members are facing charges of malicious damage ...Published: 19 Jan 2024 at 13:08hrs | 1 | by Staff reporter
Massive queue at Hwange Post office
Masses of people flooded Hwange Post office in the late morning hours of Monday for pay withdrawals.Doors at Hwange Zim Post office were heavily congested with Civil Servants, Village heads an...Published: 15 Jan 2024 at 19:22hrs | 4 | by Peter Matuka
Mnangagwa's Mutapa Fund likely to create oligarchs
FEARS abound that President Emmerson Mnangagwa's self-serving Mutapa Investment Fund project has hallmarks of how Russian state assets were sold for a song or brazenly stolen during its transition fro...Published: 09 Oct 2023 at 13:50hrs | | by Staff reporter
Masvingo Mayoress promises to tame corruption in council
The newly elected Masvingo City Mayoress Shantiel Chiwara has promised to arrest corruption in council as one of her major goals during her term following her election as top leader of the house....Published: 29 Sep 2023 at 08:12hrs | 4 | by Staff reporter
Mnangagwa's govt to offload 49% POSB stake
GOVERNMENT has put a 29% stake in the People's Own Savings Bank (POSB) for sale as the bank's partial privatisation exercise gets underway.The private placement will be followed by an initial ...Published: 21 Aug 2023 at 06:41hrs | 10 | by Staff reporter
Zimbabwe civil servants smile all the way to the bank
Civil servants smiled all the way to the bank yesterday as they started receiving along with the normal salary and allowances, a newly increased forex component of US$50 plus an additional local curre...Published: 19 Jul 2023 at 06:38hrs | 12 | by Staff reporter
CCC activists further remanded over politically-motivated violence
MVUMA magistrate Constance Mtandwa last Friday further remanded to July 27 for confirmation of trial date, Citizens Coalition for Change (CCC) Chirumanzu South candidate Patrick Cheza and five other p...Published: 11 Jul 2023 at 07:39hrs | 10 | by Staff reporter
New city for 30 000 residents on the cards in Zimbabwe
GOVERNMENT has approved a plan for the development of a new town between Mvuma-Chivhu and Manhize in the Midlands province amid growing interest from industrialists, banks, and other service providers...Published: 19 Jun 2023 at 06:45hrs | 38 | by Staff reporter
CCC dismisses 'leaked' candidates list
OPPOSITION Citizens Coalition for Change (CCC) has warned its aspiring candidates against celebrating early victory, saying the party was yet to confirm the successful candidates.In some areas...Published: 07 Jun 2023 at 08:44hrs | 2 | by Staff reporter
Chamisa's activists detained over violence
Gweru provincial magistrate Miriam Banda yesterday remanded in custody Citizens Coalition for Change (CCC) Chirumanzu South candidate Patrick Cheza and four other party activists on charge...Published: 04 Jun 2023 at 08:39hrs | 3 | by Staff reporter
NSSA shouldn't act as if they derive some depraved pleasure from elderly's suffering
Whenever I witness the sad plight of the elderly in Zimbabwe, the adage, ‘there's no rest for the weary' always comes to mind.Having gone to the local Kwekwe branch of the state-owned POSB (...Published: 29 Dec 2022 at 20:23hrs | 14 | by Tendai Ruben Mbofana
John Tallach reigns supreme at high schools quiz
JOHN Tallach High school from Matabeleland North province, came out tops in the inaugural Capital Markets high schools quiz competition held in Harare yesterday.The quiz show was organised by ...Published: 17 Sep 2022 at 06:42hrs | 3 | by Staff reporter
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 12 Apr 2022 at 16:50hrs | 3 | by Victor Bhoroma
IMF notes show no appetite for reform
The Executive Board of the International Monetary Fund (IMF) concluded its Article IV Consultation with Zimbabwe on 21 March 2022. The press release noted that real Gross Domestic Product (GDP) rose b...Published: 01 Apr 2022 at 12:34hrs | 1 | by Victor Bhoroma
Govt courts banks for $2,1bn bailout
ZIMBABWE'S cash-strapped government has turned to banks for a $2,1 billion bailout to bankroll public expenditure programmes and bolster its weak cashflows.Under the programme, government will...Published: 24 Mar 2022 at 05:22hrs | 4 | by Staff reporter
RBZ issues ZW$2,1bn Treasury Bill
THE Reserve Bank of Zimbabwe (RBZ) yesterday issued a ZW$2,1 billion Treasury Bill seeking to raise funding from the market to support development programmes and public cashflow management.Tre...Published: 24 Mar 2022 at 05:20hrs | | by Staff reporter
Govt moves to ease burden on pensioners
PENSIONERS in various parts of the country are reportedly travelling long distances to access their paltry monthly stipends at banks in cities.Last Thursday, Finance deputy minister Clemence C...Published: 22 Mar 2022 at 05:45hrs | 6 | by Staff reporter
Fierce fight erupts at POSB
A FIERCE boardroom fight has erupted at the People's Own Savings Bank (POSB) over retired chief executive officer Admore Kandlela's decision to hold on to the job despite having been paid lucrative te...Published: 14 Feb 2022 at 05:35hrs | 14 | by Staff reporter
Forex bonus withdrawals overwhelm banks
SCORES of civil servants and pensioners continued to queue outside banking halls in Bulawayo yesterday seeking to withdraw their foreign currency, forcing some banks to seek police intervention to con...Published: 12 Dec 2021 at 19:56hrs | 10 | by Staff reporter
POSB extends banking hours
The People's Own Savings Bank (POSB) has extended banking time by four hours to cater for the surge in demand for civil servants' foreign currency payouts.In a public notice, POSB said its ban...Published: 12 Dec 2021 at 19:51hrs | 7 | by Staff reporter
War vets stage demo over bonus delays
THERE was commotion at the Peoples Own Savings Bank (POSB) in Masvingo Thursday when war veterans and government pensioners staged a demonstration over delays to pay them their 13th cheque in hard cur...Published: 03 Dec 2021 at 05:38hrs | 11 | by Staff reporter
Who is Sybeth Musengezi?
IN the aftermath of his High Court application challenging his own party Zanu-PF over how it unconstitutionally and illegally convened, constituted and conducted a Central Committee meeting on 19 Nove...Published: 27 Nov 2021 at 16:57hrs | 19 | by Staff reporter
Musengezi claims to have strong case against Mnangagwa
Zanu-PF member Sybeth Musengezi, also a local businessman and economist, says he has a strong case against the ruling party which installed President Emmerson Mnangagwa at its helm unconstitutionally ...Published: 27 Nov 2021 at 16:53hrs | 10 | by Staff reporter
Of sanctions and misgovernance
Am writing this piece after 1 year since I wrote on sanctions and with this small piece I think I will manage to clarify the position on sanctions, however, democracy dictates that one is free to agre...Published: 25 Oct 2021 at 20:48hrs | 6 | by Kumbirai Stein Chivhuna
NSSA, banks in talks over charges
THE National Social Security Authority (NSSA) says it has lined up a cocktail of incentives to improve pensioners' incomes, including removing bank charges.Nssa deputy director for social secu...Published: 17 Sep 2021 at 06:23hrs | | by Staff reporter
Govt mulls merger of six banks into three entities
A PROPOSAL to merge six financial institutions into three big ones is being considered by the Zimbabwean government, in a different consolidation process from the CBZ Holdings, ZB Financial Holdings, ...Published: 10 Sep 2021 at 18:53hrs | 11 | by Staff reporter
POSB gets Cabinet nod to list on ZSE
POSB expects the proposal for the listing of the Bank on the stock exchange to be finalised and ready for consideration by Cabinet in the second half of the year 2021, company executives revealed. ...Published: 09 Aug 2021 at 07:33hrs | | by Staff reporter
Collateral-free loans for pensioners
PENSIONERS are set to benefit from collateral-free loans through a new facility that has been developed by the National Social Security Authority (NSSA).This is the latest in a number of initi...Published: 08 Aug 2021 at 07:19hrs | 2 | by Staff reporter
Bank card cloner gets away with $3m
A-29-YEAR-OLD suspected fraudster yesterday appeared before a Harare magistrate after he allegedly withdrew $3 million from various depositors' bank accounts using cloned cards.Tinotenda Chiny...Published: 15 Jun 2021 at 06:19hrs | 2 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 3 | by Victor Bhoroma
POSB privatisation gathers pace
STATE-OWNED financial services provider POSB's preparations for partial privatisation and subsequent listing on the Zimbabwe Stock Exchange have moved a gear up after a technical committee appointed b...Published: 04 May 2021 at 06:28hrs | 1 | by Staff reporter
RBZ issues $400 million Treasury Bills
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $400 million through the issuance of 270-day Treasury Bills to fund Government programmes and cashflow management. The Central Bank float...Published: 10 Mar 2021 at 05:50hrs | 2 | by Staff reporter
Ex-RBZ advisors under fire
THE Zimbabwe National Chamber of Commerce (ZNCC) has slammed the Reserve Bank of Zimbabwe (RBZ)'s "underachieving" outgoing monetary policy committee (MPC) saying it lacked depth and expertise to driv...Published: 05 Mar 2021 at 06:57hrs | 6 | by Staff reporter
Top banker Jinya makes grand return
IT is an appointment that many least expected. But ex-Nedbank managing director (MD) Charity Jinya made a surprise return to the country's banking industry on Saturday after Finance minister Mthuli Nc...Published: 21 Feb 2021 at 21:43hrs | 3 | by Staff reporter
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