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It will take more than Mnangagwa's gold vault tour to restore public trust in the ZiG
There's a saying: trust is built over time - but can be destroyed in an instant, and once broken, confidence is not only shattered, but painfully difficult to rebuild.President Emmerson Mnanga...Published: 23 Jun 2025 at 18:56hrs | 351 | by Tendai Ruben Mbofana
Nedbank Zimbabwe wins US$2m Supreme Court case
The Supreme Court has thrown out an appeal by Israel-based firm Magic Software Enterprises Limited, which had sought to overturn a High Court decision that ruled nearly US$2 million held in a Nedbank ...Published: 10 Jun 2025 at 17:20hrs | 962 | by Staff reporter
Teachers petition Rights Commission over labour injustices
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has filed a formal complaint with the Zimbabwe Human Rights Commission (ZHRC), accusing the government of systematically violating the rights o...Published: 26 May 2025 at 07:55hrs | 18 | by Staff reporter
Zimbabwe may scrap US$ for local transactions without notice
The government has warned that it may scrap the United States dollar for local transactions without notice in a bid to enforce acceptance of the Zimbabwe Gold (ZiG) currency.The ZiG was introd...Published: 22 Mar 2025 at 12:12hrs | 29745 | by Staff reporter
'ZiG must go'
The Zimbabwe Gold (ZiG) currency is facing mounting pressure from the business community, which is advocating for its removal due to increasing volatility, despite the Reserve Bank of Zimbabwe's (RBZ)...Published: 24 Oct 2024 at 08:02hrs | 2208 | by Staff reporter
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 5 | by Staff reporter
Zimbabwe govt 'sabotaged' de-dollarisation plan, says Biti
Former Finance minister Tendai Biti has said government's forceful nature of its policies to adopt the volatile Zimdollar sabotaged plans to de-dollarise the economy .The local currency has be...Published: 04 Dec 2023 at 04:48hrs | 14 | by Staff reporter
Biti says pharmacy licence cancellation illegal
FORMER finance minister, Tendai Biti, says the suspension and cancellation of trading licences for pharmaceutical companies for flouting foreign exchange regulations is "blatantly illegal, puerile and...Published: 14 Jul 2023 at 07:45hrs | 16 | by Staff reporter
Government says NO to payment of bills in forex
THE directive late last week by the Government that all local councils must continue charging in local currency as opposed to United States dollars as had just been announced by the Harare City Counci...Published: 03 Jul 2023 at 07:08hrs | 11 | by Staff rporter
US$226 000 debt chokes Joice Mujuru
FORMER Vice-President Joice Mujuru and her company, Ruzirun Investments, are swimming in a US$226 000 debt incurred in 2015 and efforts to evade paying the debt have hit a brickwall at the Supreme Cou...Published: 28 Mar 2023 at 06:48hrs | 2 | by Staff reporter
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | 2 | by Staff reporter
Mthuli Ncube sued 120 times over unpopular policies
FINANCE minister Mthuli Ncube says he has been sued over 120 times over his unpopular economic measures.Since becoming the Treasury boss in September 2018, Ncube has implemented several contro...Published: 05 Sep 2022 at 06:41hrs | | by Staff reporter
Masuka in court over US$94 000 loan
AGRICULTURE Minister Anxious Masuka has allegedly failed to pay back a US$94 000 loan advanced to him five years ago in the form of tobacco farming inputs.A Chinese tobacco contracting firm Ti...Published: 19 May 2022 at 06:36hrs | | by Staff reporter
Council official in court over US$ scandal
A Mudzi Council employee is in soup over collection of rates in RTGS dollars and converting them to US dollars.Tenuous Chimene on Frida...Published: 14 Mar 2022 at 23:58hrs | 5 | by Simbarashe Sithole
Biti says Mangudya is a fool
FORMER finance minister Tendai Biti has described the Reserve Bank of Zimbabwe governor as a fool, saying his monetary policies are insufficient to tame inflation.Biti said this in a scathing ...Published: 12 Feb 2022 at 16:44hrs | | by Staff reporter
Zimdollar: The writing is on the wall
THE United States Agency for International Development food security watchdog, the Famine Early Warning Systems Network, reported a 20% increase in the price of bread and cooking oil last month....Published: 03 Feb 2022 at 05:42hrs | | by Staff reporter
Ex-Zupco boss wins US$400k lawsuit
FORMER Zupco board chairman Charles Nherera has won a claim of US$130 000 against businessman Jayesh Shah, who he was suing for causing his wrongful arrest, prosecution and incarceration.Nhere...Published: 21 Dec 2021 at 06:17hrs | 10 | by Staff reporter
Mthuli, Mangudya target Innscor over iIllegal forex rates
THE Reserve Bank of Zimbabwe (RBZ) and Finance Minister are investigating Innscor and other companies using illegal exchange rates of as high as US$1: $200.This follows a public outcry Wednesd...Published: 07 Oct 2021 at 18:25hrs | 6 | by Staff reporter
Eddie Cross says 'not unhappy' with black market foreign currency exchange
For a year, Eddie Cross sat on the Reserve Bank of Zimbabwe's Monetary Policy Committee, before he was fired for being too outspoken. In a recent interview with TechZim, he reveals why he is "...Published: 07 Oct 2021 at 18:21hrs | 11 | by Staff reporter
Mnangagwa's growing love for rule-by-decree
President Emmerson Mnangagwa has been increasingly making use of Statutory Instruments (SI units) during his tenure as head of State. Analysts are describing it as a form of command politics steering ...Published: 02 Sep 2021 at 06:16hrs | 14 | by Staff reporter
What are we really worth?
Recently I had breakfast with three friends and we were charged at the rate of ZW$115 to US$1 for our food, which was priced in US dollars.later I had coffee with another group of friends and ...Published: 28 May 2021 at 08:06hrs | 1 | by Eddie Cross
Grace Mugabe's huge daily cash withdrawals exposed
FORMER first lady Grace Mugabe allegedly made multiple United States dollar cash withdrawals amounting to US$300 000 per day in 2019 from her CBZ Bank account at a time ordinary Zimbabweans were allow...Published: 23 Apr 2021 at 07:31hrs | 1 | by Staff reporter
Was November 2017 a false start for Zimbabwe?
THEN there was the incident in New York on 9/11, I drove into the garden of my daughter and her husband and they shouted at me to come and see what was happening.I walked into the house and sa...Published: 17 Feb 2021 at 20:19hrs | 1 | by Eddie Cross
Mthuli Ncube should increase 2% tax to 5%, says Eddie Cross
ECONOMIST Eddie Cross Friday left business executives and other invited guests at the CEO Africa Roundtable in Harare, in shock after he proposed that Finance Minister Mthuli Ncube must increase trans...Published: 05 Dec 2020 at 06:23hrs | | by Staff reporter
Small Claims Court jurisdiction reviewed to $300 000
The Ministry of Justice, Legal and Parliamentary Affairs has with immediate effect increased the jurisdiction of the Small Claims Courts to $300 000 from $1 000. The move is aimed at decongesting the ...Published: 28 Oct 2020 at 06:27hrs | 1 | by Staff reporter
RBZ debt accumulation above US$2 billion
THE US$2,23 billion debt accumulated by the Reserve Bank of Zimbabwe (RBZ) in the 12 months since July 2019 could be grossly understated, as fresh details emerged this week indicating the central bank...Published: 23 Oct 2020 at 08:41hrs | | by Staff reporter
Prioritise locals over Chinese contractors for the benefit of Zim economy
Kenyan law professor Patrick Lumumba gets animated when he talks about China's rising influence on the African continent where governments get blinded by their fraternal ties with the Communist Party ...Published: 30 Sep 2020 at 10:51hrs | 7 | by Anthony Matutu
Government plans to gazette health fees
THE Government has warned private doctors, medical aid societies and pharmacies that it might soon be forced to gazette health fees to protect suffering patients from errant practitioners charging in ...Published: 06 Sep 2019 at 07:03hrs | 2 | by Staff reporter
Introducing a new currency was Zimbabwe's only viable option
Zimbabwe, the country I serve as finance minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our ...Published: 28 Aug 2019 at 18:24hrs | 2 | by Prof Mthuli Ncube
Court throws away RTGS$ challenge
THE High Court has dismissed with costs an application filed by Harare businessman and University of Zimbabwe lecturer, Shakespear Hamauswa, challenging the legality of the Real Time Gross Settlement ...Published: 23 Aug 2019 at 07:45hrs | 3 | by Staff reporter
Old Mutual adopts hyperinflationary accounting for its Zimbabwe unit
SOUTH AFRICAN-HEADQUARTERED insurance company, Old Mutual Limited (OML) says it will apply hyperinflationary accounting for its Zimbabwe business unit in light of the runaway inflation plaguing the ec...Published: 23 Aug 2019 at 07:44hrs | 2 | by Staff reporter
'New Zimdollar not priority,' says Mthuli Ncube
Finance and Economic Development Minister Professor Mthuli Ncube said on Tuesday Government was not in a hurry to issue new Zimbabwean dollar notes/coins, but rather focused on the need to replace soi...Published: 22 Aug 2019 at 07:36hrs | | by Staff reporter
Zanu-PF's economic policy record 'poor': US think tank
UNITED States research arm, the Congressional Research Service (CRS), has condemned the Zanu-PF-led government's economic policy record as "poor".The CRS is a public policy research arm of the...Published: 20 Aug 2019 at 15:17hrs | | by Staff reporter
Mugabe has last laugh as economic crisis reaches breaking point
The fault lies entirely with the ruling Zanu-PF party, which has lost its legitimacyWhen Zimbabweans are expressing nostalgia for Robert Mugabe you know things must be bad. Yet it is now commo...Published: 16 Aug 2019 at 08:13hrs | | by www.msn.com
Mthuli Ncube's budget gets Parliament's thumbs up
FINANCE Minister Professor Mthuli Ncube's Finance Bill and $10,62 billion Supplementary Budget as well as measures proposed in the mid-term budget to boost production and revenue inflows sailed past t...Published: 16 Aug 2019 at 00:00hrs | | by Staff reporter
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
To publish or not to?
It’s common cause that if you choose not to tell your own story, someone will do it for you and sell to the whole world that which he wants it to believe about you, which leaves you at high risk of ...Published: 11 Aug 2019 at 07:25hrs | | by Persistence Gwanyanya
Zimbabwe MPs demand $3 000 accommodation allowances
LEGISLATORS on Tuesday demanded that Finance minister Mthuli Ncube give them money so that they find their own accommodation in Harare instead of using hotels which Treasury was failing to pay for, re...Published: 08 Aug 2019 at 07:53hrs | | by Staff reporter
Power tariff hike gives Zesa headstart
Finance and Economic Development Minister Professor Mthuli Ncube last week announced an interim tariff framework meant to support Zesa's operations.But will the new tariff(s) address the cripp...Published: 04 Aug 2019 at 10:06hrs | 1 | by Staff reporter
Mthuli Ncube's budget plots progress on fundamentals
Presenting his supplementary budget last week, Minister of Finance and Economic Development Professor Mthuli Ncube spoke directly to the concerns of Zimbabweans, both as individuals and as businesses....Published: 04 Aug 2019 at 10:02hrs | | by Staff reporter
Mthuli Ncube confirms new grand fiscal heist
FINANCE minister Mthuli Ncube yesterday unwittingly confirmed government committed a grand US$7 billion fiscal heist - by design or accident - when it banned without warning the multi-currency system ...Published: 02 Aug 2019 at 15:17hrs | 1 | by Staff reporter
Prices of goods set to skyrocket
FINANCE minister Mthuli Ncube yesterday announced a three-fold increase in electricity tariffs and raised tax on fuel imports in addition to raising the cost of obtaining government services in a midt...Published: 02 Aug 2019 at 08:13hrs | | by Staff reporter
Mthuli Ncube: King of the Last Minute
On February 22, 2019, President Emmerson Mnangagwa issued the Presidential Powers (Temporary Measures) (Amendment of Reserve Bank of Zimbabwe Act and Issue of Real Time Gross Settlement Electronic Dol...Published: 02 Aug 2019 at 08:07hrs | 5 | by Mike Murenzvi
Mthuli Ncube piles more misery
FINANCE minister Mthuli Ncube yesterday announced a three-fold increase in electricity tariffs and raised tax on fuel imports in addition to raising the cost of obtaining government services in a midt...Published: 02 Aug 2019 at 08:04hrs | | by Staff reporter
Mnangagwa dumps Mugabe's indigenisation law
Zimbabwe's Finance Minister Mthuli Ncube said Thursday that an equity law blamed for scaring off foreign investors would be abolished as the country seeks to woo fresh capital to shore up its moribund...Published: 02 Aug 2019 at 07:54hrs | | by Staff reporter
Northern Region Soccer league referees not receiving match fee
Editor,The Northern Region Soccer league has gone from week 9 (June 2019) without paying soccer referees match fees for all matches played despite teams having paid full amounts for referees w...Published: 31 Jul 2019 at 19:22hrs | 1 | by Anonymous
Forex black market struggles
FOREIGN currency trades on the interbank market have greatly improved as people shun the risky black market, Reserve Bank of Zimbabwe governor Dr John Mangudya said.The trades are also expecte...Published: 28 Jul 2019 at 09:08hrs | | by Staff reporter
Zesa seeks 9-fold tariff hike
Zesa wants to convert its old 9,83 cent kilowatt hour to RTGS dollars at the interbank rate, a near 9-fold increase to almost $1 a unit.Zesa is seeking Government approval for customers to pay...Published: 26 Jul 2019 at 09:02hrs | | by Staff reporter
Zimdollar falls 42% in a month
THE Zimdollar (ZWL$) has devalued by 41,57% to $9,16 against the United States dollar on the official interbank market due to low forex and market confidence, a month after it was reintroduced, analys...Published: 26 Jul 2019 at 08:27hrs | | by Staff reporter
Transmedia boss grilled over DStv subscriptions
TRANSMEDIA chief executive officer Florence Sigudu yesterday appeared before the Prince Dubeko Sibanda-led Parliamentary Portfolio Committee on Information and Media where she was grilled over the iss...Published: 26 Jul 2019 at 08:21hrs | 2 | by Staff reporter
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