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Sanctions choking Zimbabwe: Myth or reality?
"African politics is dogged by crises of legitimacy, monetised politics and corruption, personalised leadership, and lastly the sit-tight syndrome" notes the African Exponent. During an electoral seas...Published: 14 Jan 2023 at 16:33hrs | 594 | by Zvikomborero Sibanda
Business community slams BCC forex conversions
THE Zimbabwe National Chamber of Commerce and the Confederation of Zimbabwe Industries have accused the Bulawayo City Council of using a wrong formula to convert the 2022 and this year's tariffs to Un...Published: 13 Jan 2023 at 05:47hrs | 333 | by Staff reporter
Zimbabwe to stop smuggling of beverages
Zimbabwe's beverage sector has been affected by rising cases of smuggling, a new report has shown.In a paper submitted to Cabinet, Industry and Commerce minister Sekai Nzenza said there had be...Published: 21 Dec 2022 at 20:09hrs | 550 | by Staff reporter
Tough foreign exchange regime suffocating economy
Zimbabwe's broad money supply has grown from just under ZW$364,60 billion as of September 2021 to more than ZW$1,920 trillion as of September 2022. This represents growth of over 426% over a period of...Published: 16 Dec 2022 at 00:02hrs | 408 | by Victor Bhoroma
Human, vehicular traffic peaks at Beitbridge border
Human and vehicular traffic through the revamped Beitbridge Border Post has started peaking as many Zimbabweans and other citizens from neighbouring countries such as Zambia and Malawi, have started t...Published: 12 Dec 2022 at 18:36hrs | 335 | by Staff reporter
Mthuli Ncube rules out income tax relief
FINANCE minister Mthuli Ncube (pictured) says raising the income tax threshold again after the previous one in August would have been too soon because widening this tax relief further is dependent on ...Published: 02 Dec 2022 at 04:58hrs | 477 | by Staff reporter
Ramaphosa plans to charm Brits into lifting Zimbabwean sanctions
When President Cyril Ramaphosa meets newly appointed UK prime minister Rishi Sunak this week, he will try to persuade him to have the sanctions imposed on Zimbabwe lifted.This is according to ...Published: 21 Nov 2022 at 05:01hrs | 1116 | by Staff reporter
Innscor invests in beer plant
ZIMBABWE Stock Exchange-listed Innscor Africa Holdings has invested close to US$70 million into a beer manufacturing plant under its Buffalo Brewing Company (Buffalo) with more funds expected to be in...Published: 11 Nov 2022 at 05:08hrs | 922 | by Staff reporter
Will he really 'face down' China?
The UK has a new prime minister… Today's world news is evidently dominated by a variety of interesting and illuminating stories, expectations, theories, debates and analyses about Mr. ...Published: 29 Oct 2022 at 11:25hrs | 817 | by Ndaba Sibanda
Zimbabwe on the brink of its biggest wheat harvest in history
Zimbabwe says it is on the brink of its biggest wheat harvest in history, thanks in large part to efforts to overcome food supply problems caused by the war in Ukraine. But bush fires and impending ra...Published: 27 Oct 2022 at 19:19hrs | 631 | by Staff reporter
9 000 housing, commercial stands for Bulawayo
PROPERTY development and management firm, Radar Holdings Limited, has initiated a project to service close to 9 000 residential and commercial stands in Bulawayo as part of private sector efforts to c...Published: 25 Oct 2022 at 06:02hrs | 543 | by Staff reporter
Hlanganani lights up Bulawayo
ONCE again, Bulawayo, the second-largest city in Zimbabwe, literally burst at the seams with the return of the Sanganai/Hlanganani World Tourism Expo.iDubbed Africa's premium business exchange...Published: 23 Oct 2022 at 19:02hrs | 415 | by Staff reporter
Majaivana's love-hate relationship with Bulawayo
BULAWAYO is a subject that runs like a thread through Lovemore Majaivana's extensive catalogue of music.Perhaps, because he hails from the city, some might take it as given that Majaivana, wit...Published: 23 Oct 2022 at 09:15hrs | 266 | by Staff reporter
Zesa to bill in local, US dollars
WITH official and black market foreign currency exchange rates moving towards convergence, the Government is considering allowing customers to settle their electricity bills using either local currenc...Published: 23 Oct 2022 at 09:07hrs | 89 | by Staff reporter
Zimdollar, US dollar exchange rate cleavage narrows
THE narrowing of the gap between parallel market and official exchange rates from an elevated level of 140 percent in May to current levels of between five percent and 15 percent is a significant move...Published: 29 Sep 2022 at 05:56hrs | 1529 | by Staff reporter
$9bn gold coins sold as individuals join rush
THE Reserve Bank of Zimbabwe (RBZ) says gold coins worth $9 billion have been sold since July this year, with individuals taking a significant chunk of the bullion, while the Monetary Policy Committee...Published: 28 Sep 2022 at 05:55hrs | 300 | by Staff reporter
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 763 | by Staff reporter
Beitbridge border modernisation Phase 3 completion by December
THE construction of the light vehicles and pedestrians terminal under the US$300 million Beitbridge Border Post modernisation is nearing completion and is set to be opened to traffic in December this ...Published: 14 Sep 2022 at 05:47hrs | 284 | by Staff reporter
Zimbabwe vehicle licences now set in US$
Vehicle licence fees have now been set in US dollars converted at the interbank rate of exchange on the day of payment for the majority who pay in local currency with owners of vehicles under 1 500kg ...Published: 03 Sep 2022 at 19:10hrs | 1162 | by Staff reporter
Zimdollar depreciates by 5, 8% on the RBZ Foreign Exchange Auction
THE Zimdollar value has depreciated by 5, 8% against the greenback on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction.Market watchers believe the development is a positive step whi...Published: 23 Aug 2022 at 19:49hrs | 715 | by Staff reporter
Dembare gets put of jail to reach Chibuku Super Cup quarter-finals
Dynamos 1 - 0 WhawhaTHEY lacked the glamour and gloss but one moment of sheer brilliance produced late in the match carried the day for Dynamos who secured their passage into the Chibuku Super Cup...Published: 22 Aug 2022 at 07:02hrs | 118 | by Staff reporter
Gold coins boost Zimdollar
Black market traders have been left reeling as measures taken by authorities, including new gold coins, to support the embattled local currency dry up excess liquidity and erode arbitrage opportunitie...Published: 18 Aug 2022 at 20:48hrs | 445 | by Staff reporter
Interest rate hike haunts black market kingpins
Interventions by the Reserve Bank of Zimbabwe (RBZ) to stem prolonged currency battering have sent black market rates tumbling by over 50 percentage points within a month, Inter Horizon Securities (IH...Published: 16 Aug 2022 at 06:40hrs | 1213 | by Staff reporter
UK company increases stake in Zimbabwe mining projects
LONDON based opportunity driven firm, Galileo Resources Plc, has increased its stake in BC Ventures, which holds lithium and gold projects in the South West part of Zimbabwe.The transaction fo...Published: 14 Aug 2022 at 07:22hrs | 288 | by Staff reporter
Is Zimbabwe's new gold coin evidence of a broader global trend?
Saber rattling by the Chinese Communist Party stoked investor fears this week, putting upward pressure on gold prices. CCP officials felt aggrieved by House Speaker Nancy Pelosi's visit to Taiwan, whi...Published: 09 Aug 2022 at 08:20hrs | 276 | by Mike Gleason
Investors talk up Zimbabwe gold coins
Mosi-oa-Tunya gold coins, which were released into the market by the Reserve Bank of Zimbabwe (RBZ) on July 25, are an alternative investment option to US dollars, stocks and the property market, and ...Published: 07 Aug 2022 at 08:17hrs | 440 | by Staff reporter
Africanise the law and land
In Mzansi, most citizens can only own real estate when they are dead - their graves and tombstones if they can afford one. From the living majority, they become the silent majority.Throughout ...Published: 27 Jul 2022 at 19:29hrs | 391 | by Lindiwe Sisulu
New Harare's US$500m Cyber City to feature 250 townhouses
PRESIDENT Emmerson Mnangagwa last week broke ground to launch the $500 million Zim Cyber City, a hi-tech park near capital Harare, that is being developed by UAE-based diversified industrial conglomer...Published: 24 Jul 2022 at 10:04hrs | 8379 | by Staff reporter
Zimbabwe mines shut out suppliers
ZIMBABWE'S mining industry warned yesterday that domestic suppliers risked being shut out of the industry's value chain after hiking prices by 100%.The price rage involves deals in United Stat...Published: 22 Jul 2022 at 10:41hrs | 640 | by Staff reporter
Chamisa says he is under siege
OPPOSITION leader Nelson Chamisa yesterday railed against President Emmerson Mnangagwa for the wave of arrests targeting opposition and civic society leaders and vowed that his Citizens Coalition for ...Published: 17 Jul 2022 at 09:09hrs | 961 | by Staff reporter
Lobels in bread packaging wrangle
STRUGGLING bread maker, Lobels has threatened to sue local competitor, Natbake, over use of blue and red colour packaging which it claims is associated with its premium white bread.Lobels lawy...Published: 15 Jul 2022 at 09:06hrs | 987 | by Staff reporter
BCC to offer discount for forex payments
Bulawayo councillors have proposed to offer residents that are willing to settle their bills in foreign currency a 50 percent discount.This follows a public outcry after the local authority, a...Published: 26 Jun 2022 at 08:15hrs | 314 | by Staff reporter
Zimbabwean illegal miners wreak havoc in Botswana, SA
To the residents of Matsiloje in northern Botswana, no foreigner is unwelcome unless they commit a crime.This is due to their own lives being deeply linked with their fellow clan members in Zi...Published: 12 Jun 2022 at 09:24hrs | 1805 | by Staff reporter
Rogue ZIFA engage FIFA on way forward
ZIFA have written to FIFA to apprise them of the latest developments in local football as part of a process to reintegrate Zimbabwe into the global football family, while a forensic audit is underway ...Published: 12 Jun 2022 at 08:26hrs | 156 | by Staff reporter
ZTN Prime goes live on DStv
There was joy, whistling, ululation and clapping of hands by staffers in Herald House's second floor that houses Zimpapers Television Network (ZTN) yesterday, when ZTN Prime channel went live with the...Published: 25 May 2022 at 06:29hrs | 163 | by Staff reporter
ZTN Prime goes live today
Following its official launch at a glitzy ceremony last week, local news and entertainment television channel Zimpapers Television Network Prime goes live today on DStv Channel 294ZTN Prime is...Published: 24 May 2022 at 07:18hrs | 125 | by Staff reporter
Parly probes tobacco company
PARLIAMENT has launched a full-scale investigation into Premium Leaf Zimbabwe operations and the quality of its tobacco exports.The company executives yesterday appeared before the Parliamenta...Published: 18 May 2022 at 06:22hrs | 604 | by Staff reporter
RBZ auction rate reaches $258
The auction rate, the weighted average of successful bids on the Reserve Bank of Zimbabwe foreign currency auction for productive businesses, fell from $173,2685 to the US dollar last week to $258,540...Published: 18 May 2022 at 06:18hrs | 712 | by Staff reporter
Shortages show the poverty of ideas in govt
THE shortage of most locally-manufactured basic commodities due to the shocking decision by President Emmerson Mnangagwa's government to impose a blanket ban on bank lending to everyone, including the...Published: 17 May 2022 at 06:37hrs | 784 | by Staff reporter
African Mining Sector Set for Strong Growth in 2022
Johannesburg - 16 May 2022 - With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, the mining team from Stanbic Bank's parent company, Stan...Published: 16 May 2022 at 11:52hrs | 696 | by Mark Buncombe, Head of Mining and Metals at Standard Bank Group
ZCTU slams Mnangagwa
THE Zimbabwe Congress of Trade Unions has slammed President Emmerson Mnangagwa for implementing a raft of economic stabilisation measures before consulting with partners at the Tripartite Negotiation ...Published: 16 May 2022 at 06:27hrs | 4131 | by Staff reporter
Outcry over insurance service gaps
THE Insurance Council for Zimbabwe (ICZ) was inundated with widespread complaints from the public over lack of transparency by insurers.This was highlighted at the recently held Zimbabwe Inter...Published: 13 May 2022 at 19:10hrs | 93 | by Staff reporter
Zesa on brink of collapse
ZIMBABWE risks sinking into a deeper power crisis amid reports that the country's power utility Zesa is on the brink of collapse due to an unsustainable tariff regime, NewsDay has learnt.The p...Published: 13 May 2022 at 19:06hrs | 334 | by Staff reporter
Bonus row at Dynamos
TENSION is reportedly rising in the Dynamos camp amid reports that players are disgruntled over unpaid winning bonuses, in a development that threatens the team's title championship race.Dynam...Published: 12 May 2022 at 06:32hrs | 601 | by Staff reporter
Chamisa tells Mnangagwa to throw away the Zimdollar
OPPOSITION Citizens Coalition for Change (CCC) leader Nelson Chamisa yesterday told President Emmerson Mnangagwa to throw away the Zimbabwe dollar as a matter of urgency."Stop the auction syst...Published: 30 Apr 2022 at 16:25hrs | 807 | by Staff reporter
Econet partners Harare, Capitol for insurance scheme
Econet Insurance, a subsidiary of EcoCash Holdings Zimbabwe, has partnered with Capitol Insurance Brokers and City of Harare to launch CitySure, a one-stop-platform that allows residents to buy insura...Published: 15 Apr 2022 at 08:57hrs | 92 | by Staff reporter
Towards a market driven foreign exchange market
The Monetary Policy Committee (MPC) of the central bank made a press statement on the 1st of April to address the depreciation of the local currency and manage the rate of inflation in the economy. Th...Published: 12 Apr 2022 at 16:46hrs | 860 | by Victor Bhoroma
Zimbabwe banks start willing buyer- wiling seller forex trade
LOCAL banks have started showing indicative rates for the willing-buyer willing-seller foreign currency trading system announced by the Reserve Bank of Zimbabwe early last week.Following a mee...Published: 10 Apr 2022 at 08:15hrs | 2129 | by Staff reporter
Zimbabwe faces cooking oil shortage
Zimbabwe is facing fresh cooking oil shortages following a sharp increase in edible oil prices on the international markets and foreign currency shortages leading to viability challenges f...Published: 08 Apr 2022 at 09:17hrs | 781 | by Staff reporter
Zanu-PF petitions council over vehicle parking deal
THE ruling Zanu-PF party has petitioned the Bulawayo City Council (BCC) demanding clarity on how South African company, Tendy Three Investment (TTI) was awarded the tender to manage vehicle parking se...Published: 31 Mar 2022 at 08:51hrs | 462 | by Staff reporter
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