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Zimbabwe's 2008 financial crash continues to haunt regulators
More than 15 years after Zimbabwe's 2008 financial collapse, the country's financial sector is once again under scrutiny as an estate developer has taken legal action against the Reserve Bank of Zimba...Published: 22 Aug 2025 at 13:20hrs | 265 | by Staff reporter
ConCourt dismisses housing corporation's US$22m bid against NSSA
The Constitutional Court has dismissed an application by Housing Corporation of Zimbabwe (Pvt) Ltd seeking to overturn a Supreme Court ruling that nullified a US$22 million arbitral award in its favou...Published: 15 Aug 2025 at 08:42hrs | 119 | by Staff reporter
Zimbabwe allocates US$25 million to compensate civil servants
The Zimbabwean government has earmarked US$25 million to compensate civil servants for pension losses incurred before 2009 due to the country's period of hyperinflation. This move follows recommendati...Published: 11 Aug 2025 at 09:08hrs | 570 | by Staff reporter
NSSA renews pension certificates
The National Social Security Authority (NSSA) has announced the commencement of its annual life certificate renewal exercise, urging all pensioners to physically verify their status to ensure continue...Published: 07 Aug 2025 at 09:38hrs | 367 | by Staff reporter
NSSA warns pensioners
The National Social Security Authority (NSSA) has issued a stern warning to pensioners across Zimbabwe - renew your Life Certificate by 31 October 2025 or risk having your benefits suspended.T...Published: 04 Aug 2025 at 13:05hrs | 1067 | by Staff reporter
Rev. Dongo, so you'll gladly accept cash from the Devil just to avoid looking for money?
As the saying goes, the love of money is the root of all evil - and it seems some so-called "churches" are finding that temptation far too irresistible.It is astonishing - and frankly heartbre...Published: 19 Jul 2025 at 09:19hrs | 1019 | by Tendai Ruben Mbofana
Outcry over new Zinara vehicle exemption rules
There is growing outrage among Zimbabwean vehicle owners following the introduction of a new, cumbersome vehicle licence exemption policy by the Zimbabwe National Roads Administration (Zinara)....Published: 13 Jul 2025 at 11:42hrs | 583 | by Staff reporter
Ousted NSSA boss tags Mnangagwa in letter blasting ministerial move
Emmanuel Fundira, the recently dismissed chairperson of the National Social Security Authority (Nssa), has mounted a bold legal challenge against his abrupt termination, casting a spotlight on governa...Published: 04 Jul 2025 at 12:29hrs | 473 | by Staff reporter
Zimbabwe govt to clear pre-2009 pensions backlog
The Zimbabwean Government is finalizing amendments to Statutory Instrument (SI) 162 of 2023 to fast-track compensation payments to private sector pensioners who lost significant value in their s...Published: 01 Jul 2025 at 08:23hrs | 460 | by Staff reporter
Plot holders battle eviction
A group of plot holders in Irene Township, Mutasa district, Manicaland province, is fighting to stop their eviction from land they say they legally purchased shortly after Zimbabwe's independence....Published: 01 Jul 2025 at 08:13hrs | 322 | by Staff reporter
Shava returns as NSSA substantive boss?
After three years of internal turmoil, high-profile dismissals, and corruption scandals, a measure of calm and certainty has returned to the National Social Security Authority (NSSA) following the app...Published: 25 Jun 2025 at 12:00hrs | 642 | by Staff reporter
Zimbabwe liquidates four failed banks
Four banks that collapsed between 2004 and 2008 have been officially liquidated, marking a significant milestone in Zimbabwe's financial sector. Hopewell Zinyau, Chief Executive Officer of the Deposit...Published: 16 Jun 2025 at 15:08hrs | 16690 | by Staff reporter
Time Bank proposes US$38bn debt bailout to Zimbabwe govt
Time Bank Holding Company has unveiled a bold proposal to lend the Zimbabwean government US$38 billion to clear national debt and compensate multiple groups owed by the State, with the loan secured th...Published: 10 Jun 2025 at 08:40hrs | 470 | by Staff reporter
Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 30 May 2025 at 12:10hrs | 95 | by Staff reporter
Zimbabwe's pension crisis: Full compensation for 2008 losses may take 100 years
Zimbabwe's pension funds have sounded the alarm over their inability to compensate retirees who lost their life savings during the 2008 economic collapse, warning that, at current fund levels, full re...Published: 30 May 2025 at 12:08hrs | 247 | by Staff reporter
How the NRZ Can Fund Zimbabwe's Pensioners on Its Own
As Zimbabweans, do we pause to look inward and realise that some of the solutions we desperately seek already lie within our own institutions. The National Railways of Zimbabwe (NRZ) stands as a t...Published: 24 May 2025 at 23:02hrs | 429 | by Jacob Kudzayi Mutisi
MP demands clarity on HCCL workers' shareholding
HWANGE East legislator Joseph Bonda has asked the Minister of Justice Ziyambi Ziyambi to clarify the state of Hwange Colliery Company Limited workers share ownership facility.Bonda made the de...Published: 18 May 2025 at 18:01hrs | 443 | by Stephen Jakes
Shava appointed new NSSA boss
Dr Charles Shava has been appointed the substantive General Manager of the National Social Security Authority (NSSA), bringing to a close a protracted battle over the leadership of Zimbabwe's US$1.2 b...Published: 17 May 2025 at 12:26hrs | 697 | by Staff reporter
ZSE launches AI-enabled data direct platform
The Zimbabwe Stock Exchange Limited (ZSE) has unveiled Data Direct, a new artificial intelligence (AI)-enabled platform designed to improve access to comprehensive market data as part of its digital t...Published: 15 May 2025 at 09:19hrs | 31 | by Staff reporter
Zimbabwe govt owes Zisco pensioners US$38 million
The Ministry of Finance, Economic Development and Investment Promotion is reportedly in arrears of US$38.7 million owed to former ZiscoSteel workers, according to a damning report by Parliament's Port...Published: 15 May 2025 at 09:17hrs | 206 | by Staff reporter
Battle over new NSSA boss intensifies
The fight to appoint a new general manager for Zimbabwe's US$1.2 billion National Social Security Authority (NSSA) has descended into a chaotic and politically charged standoff, marked by corruption a...Published: 14 May 2025 at 15:35hrs | 1320 | by Staff reporter
UK firm secures US$5m to fund gold mines in Zimbabwe
United Kingdom-based mining firm Kavango Resources Plc has secured a US$5 million interest-free funding facility from the Comarton Managed Pension Funds' Investments Consortium to accelerate its gold ...Published: 24 Apr 2025 at 07:08hrs | 149 | by Staff reporter
NetOne expands OneMoney to boost rural financial inclusion
One of Zimbabwe's largest mobile network providers, NetOne, is ramping up its financial inclusion efforts by expanding its OneMoney agent network and increasing remittance partnerships in rural areas....Published: 02 Apr 2025 at 15:51hrs | 562 | by Staff reporter
Mnangagwa's govt accused of Intellectual Property theft
Zimbabwe's government is embroiled in a heated dispute with Time Bank after the financial institution accused authorities of infringing on its intellectual property rights. The bank claims that govern...Published: 01 Feb 2025 at 14:03hrs | 2046 | by Staff reporter
Chamisa says Mnangagwa must stop 2030
Zimbabwe's former opposition leader Nelson Chamisa says President Emmerson Mnangagwa must stop his 2030 plan to extend his rule beyond his 2028 second-term constitutional limit while subverting the co...Published: 18 Jan 2025 at 06:50hrs | 1187 | by Staff reportetr
CCC MP faces legal setback in challenge against wealth tax
Marondera Central opposition legislator Mr. Caston Matewu has suffered a legal defeat in his attempt to challenge the Government's wealth tax, which was introduced in the 2024 National Budget and has ...Published: 17 Dec 2024 at 06:30hrs | 344 | by Staff reporter
Time Bank offers war vets US$3,5bn
TIME Bank has offered a US$3.5 billion compensation package to Zimbabwe's liberation war veterans as part of its broader US$38 billion loan proposal to the government. This development follows signifi...Published: 14 Dec 2024 at 12:33hrs | 431 | by Staff reporter
Workers in Zimbabwe applaud govt over new retrenchment regulations
Workers in Zimbabwe have welcomed the government's recent overhaul of retrenchment regulations, hailing it as a progressive step towards better protection for employees amid the nation's economic chal...Published: 12 Dec 2024 at 06:51hrs | 17144 | by Staff reporter
BCC cruel to its bedridden pensioner (98) who worked for council for 42 year
A 98-year-old former Bulawayo City Council (BCC) employee, Neban Nyalenda, has been without water since the start of the year after his supply was cut off due to an unpaid US$500 bill. The elderly pen...Published: 14 Nov 2024 at 13:43hrs | 450 | by Staff reporter
Windfall for 33,000 pensioners
The Mining Industry Pension Fund (MIPF) is preparing to compensate pensioners who lost benefits during Zimbabwe's hyperinflationary period between 2006 and 2009. The initiative comes amid reports that...Published: 04 Nov 2024 at 06:49hrs | 4343 | by Staff reporter
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 263 | by Staff reporter
Chinhoyi's Varsity Heights bowls over Mnangagwa
President Emmerson Mnangagwa has reaffirmed the government's dedication to creating an inclusive learning environment that meets the diverse needs of students across Zimbabwe. His remarks came during ...Published: 07 Oct 2024 at 10:14hrs | 2752 | by Staff reporter
MPs demand explanation from Mthuli Ncube
WEDZA North MP Itai Ndudzo has formally demanded that Finance Minister Mthuli Ncube provide a ministerial statement addressing the recent devaluation of Zimbabwe's new gold-backed currency, the Zimbab...Published: 02 Oct 2024 at 07:57hrs | 1251 | by Staff reporter
Chamisa laments suffering of pensioners
Former Citizens Coalition for Change (CCC) leader Nelson Chamisa has lamented the deteriorating living conditions of Zimbabwe's senior citizens, attributing their plight to persistent misgovernance. I...Published: 02 Oct 2024 at 07:56hrs | 240 | by Staff reporter
Zimbabweans outraged after RBZ devalues ZiG
A storm of outrage has swept across Zimbabwe following the Reserve Bank of Zimbabwe's (RBZ) shocking decision to devalue the Zimbabwe Gold (ZiG) currency by 75%. The drastic measure has ignited a wave...Published: 28 Sep 2024 at 13:27hrs | 6784 | by Staff reporter
Local Bank proposes US$35bn loan to Zimbabwe Government
Time Bank of Zimbabwe has proposed a US$35 billion syndicated loan to the government to address compensation obligations for various groups, including previous farm owners and foreign lenders, as part...Published: 27 Aug 2024 at 12:42hrs | 3113 | by Staff reporter
Zimbabwean nurse aid robs Ireland pensioners
"LOCK them up for a long time because they are evil," were the words of one of six vulnerable pensioners preyed on by their former carer for Euro 34 000 in violent burglaries in Athlone, Co. Westmeath...Published: 20 Jul 2024 at 12:13hrs | 1003 | by Staff reporter
VBS looter released on parole
Former VBS Mutual Bank's chief financial officer Phillip Truter was released on parole after he was sentenced to 10 years in jail in 2020. Speaking to broadcaster Newzroom Afrika on Monday, De...Published: 15 Jul 2024 at 11:57hrs | 461 | by Staff reporter
USD10 million NSSA heist thwarted
The Ministry of Public Service, Labour, and Social Welfare has decisively thwarted an attempt by the National Social Security Authority (NSSA) chair Emmanuel Fundira, in collaboration with executives ...Published: 10 Jul 2024 at 14:55hrs | 106 | by Staff reporter
Private sector against third party insurance takeover
THE government's decision to take over the running of third-party insurance will crowd out the private sector and result in bureaucratic inefficiencies around claims processing, which will destroy eco...Published: 07 Apr 2024 at 10:21hrs | 5 | by Staff reporter
Mnangagwa govt under fire over meagre pension pay-outs
GOVERNMENT has come under fire from legislators over the meagre pension pay-outs to retirees at a time when the cost of living has been rising.The legislators demanded to know the government's...Published: 19 Feb 2024 at 04:53hrs | 14 | by Staff reporter
Bulawayo City Council demands 80% of rates in forex
THE Bulawayo City Council (BCC) has passed a resolution compelling residents and businesses to pay 80 percent of their rates in foreign currency, arguing that service providers were demanding forex....Published: 18 Feb 2024 at 09:13hrs | 2 | 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
Zimbabwe civil servants' pay dates for 2024 released
CIVIL servants' 2024 pay dates have been released with the first batch of uniformed sources including the health sector set to get their first pay of the year on January 12 and teachers getting paid f...Published: 27 Dec 2023 at 15:19hrs | 1704 | by Staff reporter
Zimbabwe govt urged to dollarise pensions
THE Zimbabwe National Union of School Heads (Zinush) has pleaded for the dollarisation of pensions as inflation continues to eat away the life savings of educators, condemning many to poverty after ye...Published: 27 Dec 2023 at 07:32hrs | 16 | by Staff reporter
Zimbabwe's house negroes
THERE was once a fire at the slave master mansion and the house negro was heard wailing: "Our house is on fire!" much to the astonishment of the field negroes.This small anecdote flashed and r...Published: 23 Dec 2023 at 10:21hrs | 14 | by Paidamoyo Muzulu
Siziva tears into Ncube's budget
CITIZENS Coalition for Change (CCC) deputy spokesperson Gift "Ostallos" Siziva has called on Finance, Economic Development and Investment Promotion minister Mthuli Ncube to reverse his decision to tax...Published: 05 Dec 2023 at 20:39hrs | 18 | by Staff reporter
'Zimbabweans are already overtaxed'
AMERICAN financial literacy website, Investopedia defines 'wealth tax' as a tax based on the market value of assets owned by a taxpayer.A wealth tax is typically put on a 'high-net-worth' indi...Published: 03 Dec 2023 at 17:37hrs | 16 | by Staff reporter
Zimbabwe pensioners to be compensated for 2007-9 losses
PENSIONERS who lost their life savings during the 2007 to 2009 hyper-inflation era will receive compensation from February 2024, a senior Insurance and Pensions Commission (Ipec) official has said....Published: 17 Nov 2023 at 05:05hrs | 11 | by Staff reporter
Zimbabwe govt announces bonus payments for civil servants
Traditional chiefs, headmen and their messengers are set to receive bonuses this year as government moved weekend to confirm plans to award bonuses to all civil servants and pensioners.Governm...Published: 12 Nov 2023 at 20:45hrs | 30 | by Staff reporter
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