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Zimbabweans petition Mangudya to resign
A group of disgruntled Zimbabweans have written a petition to embattled Reserve Bank of Zimbabwe Governor John Panonetsa Mangudya to resign. The online petition which is fronted by Zimbabweans...Published: 1 hr ago | 209 | by Mandla Ndlovu
Zimbabwe Airways loses one plane over delayed payment
Zimbabwe Airways, the controversial new state-owned airline being built with the help of aircraft retired by Malaysian Airways has lost one of the four Boeing 777-2H6(ER) aircraft that it had targeted...Published: 11 hrs ago | 1752 | by zimlive
Mugabe boys laying low as govt cracks down on big-spenders
Following the decision by President Emmerson Mnangagwa to fight corruption – particularly in government and the business sector – several public figures have been either briefly caged, released on...Published: 11 hrs ago | 3830 | by TimesLive.co.za
RBZ allays basics shortage fears
The supply of basic goods is expected to increase towards the festive season, spurred by Government intervention through the indefinite suspension of Statutory Instrument (SI) 122 of 2017, and the pro...Published: 17 hrs ago | 1197 | by Staff reporter
Govt rules out price controls
Government will not impose price control measures, but employ a host of strategies to ensure commodity prices are stable and that there will be adequate supplies, Industry and Commerce Minister Mangal...Published: 17 hrs ago | 976 | by Staff reporter
Mnangagwa govt told to dollarise now
Daily News writer Pauline Hurungudo interviews Steve Hanke, a professor of applied economics at The Johns Hopkins University and senior fellow at the Cato Institute.Over four decades, Hanke ha...Published: 19 Nov 2018 at 15:57hrs | 6809 | by Staff reporter
The most treasonous act you can do for your country is to support Zanu PF
If you support Zanu, you will be helping future Zimbabwean children to become perpetual slaves of other Nations while armed thieves in Zanu exponentiate their wealth.Imagine a country where yo...Published: 17 Nov 2018 at 17:19hrs | 4223 | by Ryton Dzimiri
US dollar taxes loom
Businesses charging goods and services in foreign currency should start paying taxes, particularly value added tax (VAT) in hard currency, according to Zimbabwe Revenue Authority (Zimra) Commissioner ...Published: 16 Nov 2018 at 07:03hrs | 8874 | by Staff reporter
Mnangagwa decries abuse of democratic space
President Mnangagwa yesterday spoke out against people abusing the democratic space ushered in by the Second Republic saying such behaviour had no place in the new dispensation. Addressing a P...Published: 16 Nov 2018 at 05:33hrs | 316 | by Staff reporter
Illicit trade in foreign currency must cease
Recent action by government in which it imposed 10-year custodial sentences on illegal foreign currency dealers was overdue although more should be done to exterminate the practice completely....Published: 15 Nov 2018 at 12:55hrs | 1306 | by Staff reporter
Mnangagwa to monitor companies allocated forex by RBZ
GOVERNMENT has proposed the establishment of a Foreign Currency Utilisation Monitoring Mechanism to monitor companies that receive foreign currency from the central bank.Addressing a Press bri...Published: 15 Nov 2018 at 06:00hrs | 2493 | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 3139 | by newZwire with The Source
Zimbabweans to explain deposits of more than $10,000
President Emmerson Mnangagwa has promulgated Statutory Instrument 246 of 2018, Presidential Powers (Temporary Measures) Amendment of Money Laundering & Proceeds of Crime Act & Exchange Control...Published: 14 Nov 2018 at 12:54hrs | 13114 | by Ndou Paul
Mnangagwa's govt and Zimbabwe banks should carry own cross
If there is anything that we could learn from the global economic crisis of 2008, it is that excessive risk-taking, manipulation and poor hedging often result in huge enterprise and economic losses. T...Published: 14 Nov 2018 at 09:39hrs | 2464 | by Equity Axis
Zimbabwe inflation hits the 20.8% mark, RBZ targets 7%
Zimbabwe's annual inflation rose sharply to a record 20.8 percent in October after it gained 15.46 percentage points from the September rate of 5.39 percent. The Consumer Price Index (CPI) for...Published: 13 Nov 2018 at 16:03hrs | 1548 | by Staff reporter
Rio Zim resumes operations
ZIMBABWE Stock Exchange-listed miner RioZim has resumed operations at three of its gold mines after reaching an agreement with Reserve Bank of Zimbabwe (RBZ) over foreign currency allocation. ...Published: 13 Nov 2018 at 12:37hrs | 966 | by Staff reporter
'Arrest Mangudya now for $1billion loot' whistleblower demands
Whistleblower Prisca Mutema has heightened her call for President Emerson Mnangagwa , Finance minister Mthuli Ncube and General Constantino Chiwenga to probe Reserve Bank Governor John Panonetsa Mangu...Published: 13 Nov 2018 at 12:00hrs | 8162 | by Mandla Ndlovu
Acie Lumumba turns ZACC informer?
Embattled Whistleblower William Mutumanje (Acie Lumumba) is reportedly working with the Zimbabwe Anti-Corruption Commission (ZACC) investigators in closing the net on suspected criminals a...Published: 13 Nov 2018 at 06:04hrs | 2052 | by Mandla Ndlovu
Miners to retain 55% export earnings
THE Reserve Bank of Zimbabwe (RBZ) has agreed to increase large scale miners' retention of foreign currency from mineral exports to 55 percent to allow them to cover production costs. Recently...Published: 13 Nov 2018 at 05:52hrs | 341 | by Staff reporter
Supply, price of commodities normalise
Interventions by the government to normalise the supply of goods especially fuel and basic commodities are bearing fruit as fuel queues have disappeared with supermarkets shelves filled to the brim an...Published: 12 Nov 2018 at 18:17hrs | 5390 | by Staff reporter
'Mthuli Ncube's 2c tax unsustainable'
Industry says the controversial Intermediary Money Transfer Tax should be amended in the upcoming 2019 National Budget to improve the ease of doing business in the country.The Confederation of...Published: 12 Nov 2018 at 10:14hrs | 2675 | by Staff reporter
Bulawayo runs out of water treatment chemicals
BULAWAYO City Council (BCC) has run out of water treatment chemicals amid indications the local authority may be forced to stop the purification of the precious liquid unless foreign currency to procu...Published: 12 Nov 2018 at 05:44hrs | 762 | by Staff reporter
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 990 | by Eddie Cross
Inflation likely to stabilise, says Mangudya
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says inflation is likely to stabilise around 7% in the medium term.Giving his presentation during the pre-budget seminar in Bulawayo last ...Published: 12 Nov 2018 at 05:33hrs | 825 | by Staff reporter
Enough fuel for festive season, says Minister
ENERGY and Power Development Minister Dr Joram Gumbo has assured the nation of enough fuel supplies during the forthcoming festive season. In an interview on the sidelines of the just ended 20...Published: 12 Nov 2018 at 05:28hrs | 184 | by Staff reporter
'Bond notes have been a success'
RESERVE Bank of Zimbabwe governor John Mangudya had a torrid time at the pre-budget seminar for legislators in Bulawayo last week when he was grilled over currency problems bedevilling the country....Published: 11 Nov 2018 at 12:26hrs | 2084 | by Staff reporter
Who's who in Zimbabwe’s cutthroat fuel sector
SIX major oil-importing entities, including the Indigenous Petroleum Association of Zimbabwe (Ipaz), Zuva Petroleum, Puma Energy, Total Zimbabwe, Petrotrade (Pvt) Ltd and Engen Petroleum Zimbawe, are...Published: 09 Nov 2018 at 18:06hrs | 5919 | by Staff reporter
Mangudya lost his cool under pressure from legislators
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budget seminar in Bulawayo who took him to ta...Published: 09 Nov 2018 at 16:41hrs | 5056 | by Staff reporter
'I am Zimbabwe's saviour' says Mangudya
Embattled Reserve Bank of Zimbabwe Governor Dr. John Panonetsa Mangudya has claimed that he is going out of his way to solve economic challenges happening in Zimbabwe.Addressing legislators at...Published: 09 Nov 2018 at 08:46hrs | 6041 | by Mandla Ndlovu
RBZ boss refuses to scrap bond notes
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday defended the use of bond notes saying the real cause of problems facing the economy was not the surrogate currency but ballooning ele...Published: 09 Nov 2018 at 05:02hrs | 5764 | by Staff reporter
'Zimbabwe's Treasury Bills records in shambles'
Government's issuance register for Treasury Bills (TBs) and bonds is in shambles, which makes it difficult to detect missing or unrecorded commercial paper.This observation was made by the Aud...Published: 08 Nov 2018 at 19:02hrs | 1456 | by Staff reporter
Zacc chickens out of investigating Mangudya, Tagwirei
Despite the sensational accusations by flip-flopping activist Gerald Mutumanje - also known as Acie Lumumba - that seemed to suggest some wrongdoing on the part of businessman Kudakwashe Tagwirei and ...Published: 08 Nov 2018 at 13:48hrs | 5703 | by Staff reporter
Mnangagwa targets finance criminals
President Emmerson Mnangagwa has talked tough of criminals who are siphoning public funds assuring the nation that they will face the full wrath if the law. Mnangagwa was officiating the Publi...Published: 08 Nov 2018 at 09:58hrs | 4537 | by Mandla Ndlovu
Lumumba apologises to Temba Mliswa
Political rouble rouser William Gerald Mutumanje (Acie Lumumba) has apologised to Norton Member of Parliament Temba Mliswa for dragging his daughter to their fight. "I retract my comments...Published: 08 Nov 2018 at 09:25hrs | 5156 | by Mandla Ndlovu
Money supply growth slows
Zimbabwe's annual broad money supply (various forms of money) increased by just 1,18 percent in August to give a 38 percent rise for the year to August 2018 compared to 47 percent annual growth record...Published: 08 Nov 2018 at 05:20hrs | 832 | by Staff reporter
'Lumumba is insane' says Mliswa
Norton Member of Parliament Temba Mliswa has described William Gerald Mutumanje (Acie Lumumba) as an insane person whom people must not give too much attention to. "The continued public ...Published: 07 Nov 2018 at 12:43hrs | 4752 | by Mandla Ndlovu
Lumumba speaks on arrest rumours
Embattled whistleblower William Gerald Mutumanje (Acie Lumuba)has opened up on social media for the first time after his apology statement which he issued on 4 November.Reacting to speculation...Published: 07 Nov 2018 at 07:47hrs | 6508 | by Mandla Ndlovu
Trade deficit narrows to $127m
Zimbabwe's negative trade balance narrowed markedly in August this year, falling 42 percent to $127,2 million on the back of strong growth in exports, the Reserve Bank of Zimbabwe (RBZ) said in its mo...Published: 07 Nov 2018 at 05:43hrs | 142 | by Staff reporter
Mnangagwa puts Mutsvangwa to the sword
Deputy Chief Secretary to the President and Cabinet responsible for presidential communications George Charamba (GC) says President Emmerson Mnangagwa's former special advisor, Chris Mutsvangwa, shoul...Published: 06 Nov 2018 at 18:38hrs | 15743 | by Staff reporter
Acie Lumumba arrested?
There are online reports that whistleblower William Gerald Mutumanje (Acie Lumuba) was picked up by the Zimbabwe Anti-Corruption Commission (ZACC) on Tuesday afternoon. The charges levelled against th...Published: 06 Nov 2018 at 14:57hrs | 11437 | by Mandla Ndlovu
Terence Mukupe relocates to Mozambique?
There has been high speculation that Former Finance deputy minister Terence Mukupe has relocated to Mozambique after he posted a Facebook picture of himself in Beira and captioned it: I love my new ho...Published: 06 Nov 2018 at 09:02hrs | 11261 | by Mandla Ndlovu
Mangudya's US$1 billion fraud exposed?
Whistle blower Prisca Mutema has alleged that embattled Central Bank Governor John Panonetsa Mangudya is involved in a US$1 billion fraud that saw him and his cronies benefiting from loans taken from ...Published: 06 Nov 2018 at 07:38hrs | 19081 | by Mandla Ndlovu
Buyanga seeks approval to supply basic commodities
The African Medallion Group owned by South Africa based Zimbabwean businessman, Frank Buyanga, has written to Government requesting to assist with the procurement and delivery of fuels, pharmaceutical...Published: 06 Nov 2018 at 07:04hrs | 3666 | by Staff reporter
Dzamara speak on Zanu-PF fights
Political Activist Patson Dzamara has warned Zimbabweans from taking sides in the ongoing fights between Zanu-PF factions saying Zimbabweans stand to benefit nothing because the fight is about persona...Published: 05 Nov 2018 at 14:10hrs | 5257 | by Mandla Ndlovu
Lumumba to be probed by ZAAC?
More details have emerged of rabble-rousing influence peddler William Gerald Mutumanje's recent hatchet job on top Reserve Bank of Zimbabwe (RBZ) officials and businessman Kudakwashe Tagwirei - all of...Published: 05 Nov 2018 at 13:41hrs | 3368 | by Staff reporter
Mnangagwa to review Mthuli Ncube's 2% tax again
President Emmerson Mnangagwa says he will soon revise again under-fire Finance minister Mthuli Ncube's controversial two cents per dollar transaction tax - which caused widespread panic in the country...Published: 05 Nov 2018 at 13:40hrs | 4379 | by Staff reporter
Supermarkets to be blacklisted over cooking oil
The Chief Executive Officer of United Refineries Busisa Moyo has revealed that they will be blacklisting retailers who are buying cooking oil in bulk from them and hoarding it instead of selling it t...Published: 05 Nov 2018 at 11:11hrs | 4755 | by Mandla Ndlovu
Chiwenga's ex-wife looted millions
A whistleblower Prisca Mutema has claimed on microblogging site, Twitter, that Jocelyn Chiwenga who is Vice President Constantino Chiwenga's former wife looted millions from various banks and she has ...Published: 05 Nov 2018 at 09:46hrs | 19954 | by Mandla Ndlovu
Mnangagwa to deal with unexplained wealth and bank deposits
President Emmerson Mnangagwa is finalising drafting legislation that will restore stability and eliminate mischief in the money markets, his spokesperson George Charamba told the Daily News.Ch...Published: 05 Nov 2018 at 07:03hrs | 7467 | by Staff reporter
RBZ fails to avail Delta's monthly $5m forex need
DELTA Corporation says it has not received foreign currency allocation in the past three weeks, leading to sporadic supply of its products on the market.Delta company secretary Alex Makamure t...Published: 05 Nov 2018 at 05:29hrs | 1320 | by Staff reporter
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