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ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 364 | by Staff reporter
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 16 | by Staff reporter
Shops cash in on Zimdollar change shortage
ZIMBABWE is currently battling a local currency liquidity crisis which has resulted in large retail shops failing to give change to consumers who buy goods in United States dollars (US$), NewsDay has ...Published: 01 Aug 2023 at 06:31hrs | 10 | by Staff reporter
Money changers hijack POS machines for big transactions
DECKED out in trendy designer wear, clutching energy drink cans and munching take-aways while engaging in high-pitched conversations, illegal money changers, popularly known as osiphatheleni who have ...Published: 22 May 2023 at 06:35hrs | 3 | by Staff reporter
'Zimbabwe's $5 000 withdrawal limit no longer adequate'
THE transacting public has implored the Reserve Bank of Zimbabwe (RBZ) to consider increasing cash withdrawal limits saying the weekly $5 000 cap is no longer convenient given the exchange rate moveme...Published: 02 Feb 2023 at 08:24hrs | 1 | by Staff reporter
Cross-border traders and FBC Bank enter into partnership
THE Cross-Border Traders Association (CBTA) and the FBC Bank have entered into a deal that will see the financial institution issuing MasterCards to infor...Published: 08 Apr 2022 at 00:30hrs | 12 | by Staff Reporter
'$5,000 withdrawal limit not enough'
DEPOSITORS have said the $5 000 weekly withdrawal limit was not enough as the amount does not meet their cash needs such as daily transport cost for members and cash rentals being demanded by landlord...Published: 10 Feb 2022 at 05:31hrs | | by Staff reporter
Transport ministry resumes Esigodini tollgate expansion
THE Ministry of Transport and Infrastructural Development has started work on the expansion of the tollgate in Esigodini to ease traffic congestion with roadworks having been completed. The to...Published: 09 Apr 2021 at 07:19hrs | | by Staff reporter
Mnangagwa launches Zanu-PF electronic membership cards
ZANU-PF First Secretary President Mnangagwa will tomorrow launch the ruling party's electronic membership card in Kwekwe under a pilot project which will see the revolutionary party distributing more ...Published: 21 Feb 2021 at 07:00hrs | 1 | by Staff reporter
Xmas rush exposes banks
A STEEP rise in demand for liquid cash experienced during the Christmas period exposed weaknesses in Zimbabwe's electric money strategy, a NewsDay Business survey revealed. Clients said electr...Published: 01 Jan 2021 at 07:39hrs | 11 | by Staff reporter
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 11 | by Staff reporter
Cash shortages choking tourism
ZIMBABWE Independent deputy editor Faith Zaba (FZ) last week attended the 2019 Africa Tourism Leadership Forum and awards at the Durban International Convention Centre (ICC) whose theme was "Stimulati...Published: 06 Sep 2019 at 07:42hrs | 1 | by Staff reporter
ZTA allay fears of fuel, cash shortages at World Tourism Expo
ZIMBABWE Tourism Authority (ZTA) acting chief executive Givemore Chidzidzi yesterday allayed fears by international guests coming for the 12th edition of Sanganai/Hlanganani World Tourism Expo that th...Published: 03 Sep 2019 at 07:58hrs | | by Staff reporter
Zimbabwe cash crisis spirals out of control
IT is an August morning in Harare. Winter winds are blowing cold. Samuel braves the cold, wakes up at 3am from his Kuwadzana home and treks to the central business district to look for cash at the ban...Published: 15 Aug 2019 at 07:28hrs | 1 | by Staff greporter
Interbank trades hit US$5m daily
Over US$5 million is now being traded daily on the interbank foreign exchange market as business confidence on the platform continues to grow. President Mnangagwa revealed these statistics in ...Published: 13 Aug 2019 at 07:07hrs | | by Staff reporter
Mnangagwa's govt targets unregistered downtown shops
GOVERNMENT will soon pounce on unregistered shops in downtown Harare, which it blames for fuelling the parallel market for foreign currency and other illegal activities, Industry and Commerce Minister...Published: 10 Jul 2019 at 20:42hrs | | by Staff reporter
Zimbabwe needs a serious president
Prices of commodities, insurances and basic food (basically everything) are skyrocketing but wages remain constant equating to the increase in suffering of the ordinary people. Do we deserve this much...Published: 12 May 2019 at 08:14hrs | 2 | by Dr Takesure Tazvishaya.
Economic take-off main priority for Mangudya second term
Reserve Bank of Zimbabwe governor Dr John Mangudya (JM) was last week re-appointed for a second five year term. Sunday Mail Editor Victoria Ruzvidzo (VR) spoke to the central bank chief about his expe...Published: 12 May 2019 at 06:34hrs | | by Staff reporter
Banks move to arrest card cloning incidents
AN increase in cases of bank card cloning fraud has resulted in some banks suspending balance inquiry on all merchant point of sale (POS) devices. Card-cloning is the production of counterfeit...Published: 23 Apr 2019 at 07:04hrs | 1 | by Staff reporter
Widow loses $40 000 in card cloning scam
A Bulawayo widow lost more than $40 000 after a Harare man allegedly cloned her late husband's bank card and went on to conduct illegal point of sale (POS) transactions at various retail outlets. ...Published: 28 Feb 2019 at 06:15hrs | 5 | by Staff reporter
Exposed: The men who are causing mass suffering in Zimbabwe
The Reserve Bank Governor gave a monetary policy statement which was exactly two months late. The delay was caused by a power struggle within those in finance corridors of power namely the minister of...Published: 25 Feb 2019 at 07:36hrs | 3 | by Dr Masimba Mavaza
RBZ will not raid anyone's foreign currency account
BANK balances for both RTGS dollars and FCA Nostros will remain the same and the Reserve Bank of Zimbabwe will not raid anyone's foreign currency account, the Governor, Dr John Mangudya has said....Published: 24 Feb 2019 at 06:39hrs | 1 | by Staff reporter
Lumumba's ally blasts Strive Masiyiwa's bank
Fresh In A Box founder and William Mutumanje's close ally Kuda Musasiwa has slammed Steward Bank and Ecocash for the transaction charges that are charged by the two entities.Steward Bank and E...Published: 13 Feb 2019 at 15:09hrs | | by Mandla Ndlovu
Is RBZ shifting position?
THE Reserve Bank of Zimbabwe (RBZ) has given its clearest hint to date that the country is slowly re-dollarising after upgrading the Real Time Gross Settlement (RTGS) platform to include the United St...Published: 04 Feb 2019 at 15:09hrs | 11 | by Pauline Hurungudo
Zupco bus timetables released
Government has mobilised more than 140 buses that will carry passengers for $1 per trip in and around Harare starting today as part of long-term interventions to modernise the mass public transport sy...Published: 21 Jan 2019 at 08:47hrs | 4 | by Staff reporter
Govt mobilise 140 buses mobilised to ferry passengers
GOVERNMENT has mobilised more than 140 buses that will carry passengers for $1 per trip in and around Harare starting today as part of long-term interventions to modernise the mass public transport sy...Published: 21 Jan 2019 at 08:18hrs | 1 | by Staff reporter
Govt avails $1 per route buses
Government will from tomorrow avail buses that will charge $1 per trip between residential suburbs and the Central Business District in Harare as it steps in to offer relief to commuters.Those...Published: 20 Jan 2019 at 09:15hrs | 2 | by Staff reporter
ED the change that exist not!
We have wondered for so long how the events of November 2017 will unfold on the liberation of Zimbabwe's economic front. Is this change still on its way or we are waiting in vain? Are we really open f...Published: 13 Jan 2019 at 21:38hrs | | by Takesure Tazvishaya
Electronic transactions usage in remote areas surges
THE use of mobile and Internet-based transactions in remote areas has been on an upward trajectory with the generality of the country's populace embracing modern modes of payment.A snap survey...Published: 30 Dec 2018 at 10:13hrs | 2 | by Staff reporter
Zimbabwe cash crisis persists
The cash crisis is worsening with some banks reportedly turning away their clients as early as 7am yesterday, advising that they had no money.Contacted for comment, Reserve Bank of Zimba...Published: 29 Dec 2018 at 18:33hrs | 14 | by Staff reporter
Card cloning cases rise alarmingly
POLICE have said commercial crimes are on the increase in the country with cases involving the cloning of bank cards rising sharply. Speaking on the sidelines of a multi-stakeholder meeting on...Published: 27 Nov 2018 at 05:46hrs | 1 | by Staff reporter
'Mthuli Ncube's budget an economic horror script'
THE opposition MDC yesterday said Finance Minister Mthuli Ncube's silence on currency distortions in the 2019 National Budget presented on Thursday demonstrated government's reluctance to deal with th...Published: 24 Nov 2018 at 08:00hrs | 2 | by Staff reporter
A year after Robert Mugabe in Zimbabwe
Zimbabwean politics appear to have changed due to the media reportage of the past twelve months since Robert Mugabe's ouster in the political scene. The question of a new Zimbabwe in the name of the n...Published: 15 Nov 2018 at 12:29hrs | 4 | by Brian Maregedze
Industrial action against Mthuli Ncube looming
Air Zimbabwe has been allowed by the cabinet of President ED Mnangagwa to charge its clients (especially diasporas) in foreign currency. The confused minister in charge of Air Zimbabwe Joel Biggie Mat...Published: 13 Nov 2018 at 11:50hrs | | by Don Chigumba
Strive Masiyiwa opts out as Econet profits surge
After tax profits in Econet Wireless spiked, propped up by increased uptake of data and fintech services although founder, Strive Masiyiwa has now opted out of the day-to-day board functions of the co...Published: 12 Nov 2018 at 06:19hrs | 2 | by Staff reporter
All eyes on Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube's maiden national budget should target the revival of the productive sectors of the economy to set the tone for revival, business has advised....Published: 11 Nov 2018 at 12:24hrs | | by Staff reporter
Meat prices continue to rise
THE prices of meat and most beef products have continued to increase despite Government's efforts to normalise the price hike situation.While prices of most basic commodities have started goin...Published: 04 Nov 2018 at 08:34hrs | | by Staff reporter
RBZ avails $10m to manufacturing sector
THE Reserve Bank of Zimbabwe (RBZ) last week released over $10 million to the manufacturing sector to address the shortages of basic commodities and wanton price increases, NewsDay reported.In...Published: 23 Oct 2018 at 06:24hrs | | by Staff reporter
Jonathan Moyo raps Modi for selling goods in US Dollar
Former Zanu PF legislator Jonathan Moyo has rapped deputy minister of industry Raji Modi for telling the public that some of his goods are being sold in US dollar only while telling other businesses t...Published: 21 Oct 2018 at 08:27hrs | | by Stephen Jakes
Mnangagwa's minister exposed charging in USD refuses Bond notes
Industry and Commerce Deputy Minister who is also Zanu-PF's representative in parliament for Bulawayo South Raj Modi's shop charges alcoholic drinks in United States dollars.Moji confirmed thi...Published: 20 Oct 2018 at 09:00hrs | | by Staff reporter
Mnangagwa's government desperately needs money to finance its operations
IT is an undeniable fact that President Emmerson Mnangagwa's government desperately needs to raise money to finance its operations.However, we believe the regime ought to have properly account...Published: 18 Oct 2018 at 06:50hrs | | by Editorial - newsday
Bank card cloning fraud cases on the rise in Zimbabwe
THE Zimbabwe Information and Communication Technologies (ZICT) says 154 cases of bank card cloning have been reported in the country so far as more people use electronic payment systems in the absence...Published: 18 Oct 2018 at 06:39hrs | | by Staff reporter
From cash hoarders to panic buyers
On Monday, most Zimbabweans woke up to a WhatsApp message which read, "Buy basic commodities and keep them. The USD/bond rate is escalating at an alarming rate and the USD has disappeared. There...Published: 13 Oct 2018 at 07:07hrs | 1 | by Samantha Chipoyera
Zimbabwe black market rates tumble
PARALLEL market rates plummeted in Bulawayo yesterday after Government guaranteed the 1:1 convertibility value of Real Time Gross Settlement (RTGS) balances into the United States dollar as well as av...Published: 12 Oct 2018 at 06:53hrs | 3 | by Staff reporter
Monetary, fiscal policies: The equivalent of a two legged stool?
ON October 1, 2018, the Reserve Bank of Zimbabwe (RBZ) issued its rather long monetary policy statement (MPS).Empirical evidence has shown that ordinarily, the length of such a statement is in...Published: 11 Oct 2018 at 06:38hrs | 2 | by Tapiwa Nyandoro
'Mthuli Ncube's 2% tax illegal'
FINANCE minister Mthuli Ncube's nightmarish start at the helm of Treasury worsened at the weekend, with the Law Society of Zimbabwe (LSZ) accusing him of violating provisions of the Finance Act by int...Published: 08 Oct 2018 at 07:13hrs | | by Staff reporter
Mnangagwa gamble backfires
President Emmerson Mnangagwa has got it all to do after the government's new measures to stabilise the country's sickly economy were rejected by a wide cross-section of the Zimbabwean populace — who...Published: 05 Oct 2018 at 06:28hrs | | by Staff reporter
Outcry over Mthuli Ncube's new tax regime
CAPTAINS of industry and ordinary consumers yesterday implored Government to reconsider its new tax regime saying it will increase the cost of production and add more burden to citizens. Annou...Published: 03 Oct 2018 at 07:21hrs | | by Staff reporter
Zanu-PF distributes new electronic membership cards
Zanu_PF Midlands Province has started distributing its new electronic membership cards that will also function as debit cards after partnering with People's Own Savings Bank (POSB). The electr...Published: 27 Sep 2018 at 06:51hrs | | by Staff reporter
Zimbabwe economy on the mend
Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube's first week i...Published: 18 Sep 2018 at 07:32hrs | 3 | by Dr Masimba Mavaza
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