Search / Rbz
RBZ bouyant over Zimdollar
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he is doing everything in his power to maintain a four-month stretch of exchange rate stability achieved since the introduction of the foreig...Published: 10 hrs ago | 3180 | by Staff reporter
Mnangagwa says 'a brighter future depends on us all'
PRESIDENT Emmerson Mnangagwa yesterday made an impassioned call to all Zimbabweans to set aside their political differences and work together to build the country.At the same time, the 78-year-old...Published: 23 Oct 2020 at 17:13hrs | 522 | by Staff reporter
RBZ debt accumulation above US$2 billion
THE US$2,23 billion debt accumulated by the Reserve Bank of Zimbabwe (RBZ) in the 12 months since July 2019 could be grossly understated, as fresh details emerged this week indicating the central bank...Published: 23 Oct 2020 at 08:41hrs | 813 | by Staff reporter
SAA awaits approval to repatriate blocked funds from Zimbabwe
The airline's rescue practitioners, Les Matuson and Siviwe Dongwana, have already accepted the mining company's offer to pay South African Airways (SAA) in exchange for access to its funds in Zimbabwe...Published: 23 Oct 2020 at 08:33hrs | 978 | by Staff reporter
Zimdollar remains solid against Trump's dollar
For the second week running, the Zimbabwe dollar was virtually unchanged against the US dollar at the weekly auction, shifting just one two hundreth of one percent to $81,3499 from last week's $81,345...Published: 21 Oct 2020 at 21:44hrs | 321 | by Staff reporter
Punter sues OK Zimbabwe over groceries
LEADING retail chain, OK Zimbabwe has been taken to court by a local punter, who is seeking an order to compel the supermarket to supply him with groceries valued at US$200 every month for life in ter...Published: 16 Oct 2020 at 07:07hrs | 1906 | by Staff reporter
Biti wants teachers to be paid US$520 salaries
Former Finance minister Tendai Biti (Harare East MP MDC Alliance) said government should pay teachers the US$520 salaries they used to get before the re-introduction of the Zimbabwe dollar.Gov...Published: 15 Oct 2020 at 07:27hrs | 4469 | by Staff reporter
Zimbabwe to introduce higher denomination notes
The Reserve Bank of Zimbabwe is expected to introduce higher denomination notes, which will see the amount of physical cash in circulation double to $3 billion. A member of the RBZ's MPC Eddie...Published: 15 Oct 2020 at 07:02hrs | 5720 | by Staff reporter
Civil servants laugh off salary hike
CIVIL SERVANTS yesterday reacted angrily to government's pronouncement that the US$75 monthly COVID-19 allowance would now be enjoined to their salaries and accused the Public Service Commission (PSC)...Published: 15 Oct 2020 at 06:50hrs | 5952 | by Staff reporter
RBZ keeps policy rate at 35%
THE Reserve Bank of Zimbabwe (RBZ) said on Monday its monetary policy committee (MPC) had agreed to maintain the policy rate at 35% as part of measures to keepspeculative borrowing at bay....Published: 15 Oct 2020 at 06:43hrs | 386 | by Staff reporter
Zimbabwe industry demands complete reforms
ZIMBABWE'S industry has proposed a raft of far-reaching reforms to be incorporated in Finance minister Mthuli Ncube's 2021 national budget, including the abolishment of subsidies.In its propos...Published: 15 Oct 2020 at 06:42hrs | 393 | by Staff reporter
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | 1959 | by Staff reporter
RBZ dismisses reports of local US$ RTGS accounts
The Reserve Bank of Zimbabwe has dismissed social media reports that banks are opening new accounts referred to as "local USD RTGS transactions", describing the reports as "false and misleading", basi...Published: 15 Oct 2020 at 06:36hrs | 2255 | by Staff reporter
Civil servants' salaries clarified
A newly-qualified teacher now earns $12 591,15, while the least paid civil servant earns $11 350,15, inclusive of the US$75 Covid-19 allowance, which will be accessed simultaneously on pay days as the...Published: 15 Oct 2020 at 06:33hrs | 2279 | by Staff reporter
BREAKING: Civil servants to be paid $12 000
The Public Service Commission has announced that civil servants will be paid a minimum salary of ZWL 12 591.15. The PSC Permanent Secretary Ambassador J. Wutawunashe issued a statem...Published: 14 Oct 2020 at 13:12hrs | 16345 | by Mandla Ndlovu
Zimdollar stable against the real US dollar
The Reserve Bank of Zimbabwe says on average US$5-$6 million is trading formally outside the foreign currency auction system every week within prescribed margins while there has been an increased numb...Published: 13 Oct 2020 at 20:54hrs | 3186 | by Staff reporter
Zimbabwe is missing out on gold's rally
Gold might have rallied to a record high above US$2 070 this year, but policy missteps by the Zimbabwean authorities saw the southern African country missing out on the uplift.Zimbabwe, which ...Published: 11 Oct 2020 at 11:59hrs | 1309 | by Staff reporter
Fresh headway in stock market plan
ZIMBABWE inched closer to establishing the Victoria Falls Stock Exchange (VFEX) on Friday, after the central bank and the Zimbabwe Stock Exchange (ZSE) inked a deal spelling out terms of a settlement ...Published: 11 Oct 2020 at 10:59hrs | 390 | by Staff reporter
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 11 Oct 2020 at 10:00hrs | 88 | by Victor Bhoroma
Farms deal 'complicates' Zimbabwe crisis
A LANDMARK deal recently inked between white former commercial farmers and the government of Zimbabwe will make it difficult for the country to repay debts, negotiate fresh lines of credit and ask for...Published: 11 Oct 2020 at 08:13hrs | 5569 | by Staff Reporter
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 10 Oct 2020 at 12:04hrs | 899 | by Victor Bhoroma
RBZ boss survives hellish Covid-19 experience
Reserve Bank of Zimbabwe Deputy Governor Dr Kuphukile Mlambo views himself as a lucky and blessed man after surviving what he described as a hellish and nasty Covid-19 ordeal. Dr Mlambo had to...Published: 10 Oct 2020 at 07:24hrs | 755 | by Staff reporter
Tempers flare as RBZ debt spikes
GOVERNMENT was this week caught in the eye of a storm after the Reserve Bank of Zimbabwe (RBZ) said it had accumulated US$2,23 billion in fresh debt between July 2019 and July 2020.Authorities...Published: 09 Oct 2020 at 10:20hrs | 4564 | by Staff reporter
Showdown looms over Zimbabwe debt
PARLIAMENT has threatened to take unspecified action against Finance minister Mthuli Ncube for failing to submit documents detailing Zimbabwe's debt as prescribed by national laws.The Public D...Published: 09 Oct 2020 at 10:04hrs | 827 | by Staff reporter
Zimdollar continues to trade within range of cash parallel rates
The local currency added a marginal 0.11715% after it firmed up against the dollar in the latest auction as it continues to reposition itself in the world of currencies based on supply and demand. The...Published: 06 Oct 2020 at 20:22hrs | 2535 | by Staff reporter
'Prices of goods to remain stable'
FINANCE minister Mthuli Ncube, said yesterday that Zimbabwe's economy would improve further in the coming months, with prices of basic consumer goods and services expected to remain stable.Add...Published: 06 Oct 2020 at 20:15hrs | 399 | by Staff reporter
New US Dollar to Zim Dollar rate announced
The Foreign Exchange Auction Results of 6 October 2020 by the Reserve Bank of Zimbabwe has seen the Zimbabwe Dollar gaining strength against the US$ by from 8.4439 the previous week to 8.134...Published: 06 Oct 2020 at 16:33hrs | 33456 | by Mandla Ndlovu
Mthuli Ncube rules out de-dollarisation
Finance Minister Mthuli Ncube says that Zimbabwe is beginning to engage multilateral creditors, with a view of clearing its US$1.8 billion arrears, which will see the country unlock fresh funding to a...Published: 06 Oct 2020 at 07:25hrs | 7026 | by Staff reporter
WTO commends RBZ
The World Trade Organisation has commended ongoing efforts by authorities to stabilise the country's currency and economy. Speaking during an online review of Zimbabwe's trade policies, WTO Tr...Published: 05 Oct 2020 at 07:08hrs | 1364 | by Staff reporter
Biti allegations are baseless
MDC-ALLIANCE co-vice-president Tendai Biti has on countless occasions made unsavoury and bald assertions, mainly to his gullible supporters, that "Zanu-PF may rig elections, but it cannot rig the econ...Published: 05 Oct 2020 at 06:41hrs | 1923 | by Rutendo Jiri
'Cryptocurrencies can list on Victoria Falls Stock Exchange'
The Zimbabwe Stock Exchange (ZSE) has said cryptocurrencies can list on its foreign currency-only bourse subject to regulatory approval.If the cryptocurrencies-a digital representation of valu...Published: 01 Oct 2020 at 22:10hrs | 537 | by Staff reporter
Zim Parliament barking up wrong tree on auction system
An all too familiar joke that has been doing the rounds ever since Zimbabwe's economy hit turbulence is that every citizen of this country has become an economist of sorts. This places the burden of f...Published: 30 Sep 2020 at 10:47hrs | 1720 | by Dr Tim Rainhard
Salary top-up for civil servants
GOVERNMENT will this week pay civil servants an additional Cost of Living Adjustment (COLA) allowance, while salary negotiations continue.Civil servants are expected to start receiving the add...Published: 27 Sep 2020 at 07:12hrs | 1786 | by Staff reporter
Mnangagwa spells out Zimbabwe successes
PRESIDENT Mnangagwa last week underlined Zimbabwe's economic gains to the United Nations General Assembly (UNGA), giving the world an accurate depiction of the economic transformation being undertaken...Published: 27 Sep 2020 at 07:12hrs | 726 | by Staff reporter
Zimbabwe schools in fees hike shocker
THERE are growing concerns that Zimbabwe's worsening economic situation could lead to the collapse of the education system and a spike in school dropouts after most schools exorbitantly hiked fees, wi...Published: 26 Sep 2020 at 08:24hrs | 2400 | by Staff reporter
Open letter over illegal immigrant Indians in Zimbabwe
The borehole drilling industry is a lucrative industry that has the capacity to transform Zimbabwe's agricultural sector.It is unfortunate that illegal Indians are running this industry and ta...Published: 25 Sep 2020 at 16:44hrs | 4143 | by John Mbizvo
Zimdollar moving towards stability?
THE interbank market entered the 14th week of trading this week and results from the auction show that the Zimbabwean dollar (Zimdollar) firmed by 0,27% against the Us dollar in the week under review....Published: 25 Sep 2020 at 07:55hrs | 1012 | by Respect Gwenzi
'Worn out US dollar notes notes acceptable'
BADLY damaged, dirty or even torn United States dollar notes remain valid for all transactions and can be exchanged as legal tender. This comes as some businesses and individuals have been rej...Published: 22 Sep 2020 at 06:27hrs | 1649 | by Staff reporter
Gono says Zimbabwe is in a crisis
Former reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says there is no need to deny that the country is in a crisis as the problems were self-evident.President Emmerson Mnangagwa and the ...Published: 20 Sep 2020 at 08:19hrs | 3089 | by Staff reporter
Parliament wants daily forex auctions
PARLIAMENT says the central bank must hold foreign currency auctions daily rather than weekly to ensure the stability of the Zimbabwe dollar.Over the last three weeks, the local unit has margi...Published: 20 Sep 2020 at 07:55hrs | 350 | by Staff reporter
Investors wary of Vic Falls bourse
EXPERTS say the success of the impending Victoria Falls Stock Exchange (VFSE) will depend on whether foreign investors will be allowed to easily repatriate their investments.In July, Finance m...Published: 18 Sep 2020 at 07:07hrs | 1133 | by Staff reporter
ZSE seeking an equity partner for VFEX
The Zimbabwe Stock Exchange is currently looking for an equity partner for the Victoria Falls Stock Exchange, with particular focus on a partner who is able to support the settlement and clearing side...Published: 17 Sep 2020 at 06:21hrs | 669 | by Staff reporter
RBZ sees blended inflation in single digits in 2021
Inflation is expected to drop to double digits next year as the economy converges to a new steady state although there are now heightened stagflation fears. According to the RBZ, blended annua...Published: 16 Sep 2020 at 06:47hrs | 2611 | by Staff reporter
Zimdollar continues to regain strength
The Reserve Bank of Zimbabwe allotted its highest foreign currency to date at the weekly foreign currency auction today as the local currency continues to regain strength. The Zimbabwe do...Published: 15 Sep 2020 at 17:40hrs | 3348 | by Staff reporter
Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain
FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their respon...Published: 15 Sep 2020 at 11:34hrs | 3949 | by Nathan Gurira
Gono says GNU days were the best
ormer reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says the days of the government of national unity (GNU) were "one of the best economic episodes of our lives".Gono (GG), who retired in 20...Published: 13 Sep 2020 at 07:24hrs | 1596 | by Staff reporter
Why RBZ needs autonomy
Former reserve Bank of Zimbabwe (RBZ) governor Gideon Gono recently appeared on Zimbabwean entrepreneur and newspaper publisher Trevor Ncube's discussion series In Conversation with Trevor.Amo...Published: 13 Sep 2020 at 07:15hrs | 358 | by Admire Dube
Zimbabwe will be exporting power by 2023, says Zhemu Soda
Muzarabani North Member of Parliament, Honourable Zhemu Soda, was last month appointed Energy and Power Development Minister. Before his appointment, he was relatively unknown to many Zimbabweans desp...Published: 13 Sep 2020 at 07:04hrs | 1261 | by Staff reporter
Temba Mliswa a rumbling tinpot
Temba Mliswa is a political turncoat and ruble rousing attention seeker. September 2014 Temba Mliswa supported Joyce Mujuru and labelled Jonathan Moyo and others as gay gangsters who worked for the CI...Published: 12 Sep 2020 at 06:05hrs | 3320 | by Richard Mthwakazi
Gono bitter and lonely outside Government
After a lengthy period of hibernating from the media spotlight, Gideon Gono, the former Reserve Bank of Zimbabwe (RBZ) governor resurfaced in a twitter interview with Alpha Media Holdings' Trevor Ncub...Published: 11 Sep 2020 at 09:45hrs | 6705 | by John Mhazo
Load More Stories
