Search / Rtgs payments
Zimbabwe's cashless push stumbles
Zimbabwe's digital payments ecosystem experienced a notable contraction in the first quarter of 2025, with the total value of electronic transactions processed through national payment systems falling...Published: 16 Jun 2025 at 14:42hrs | 116 | by Staff reporter
Tshabangu Senator's wife deregistered by Law Society
The Law Society has officially revoked the registration of Doreen Vundhla Phulu, the spouse of Senator Kacaca Phulu, who was appointed by Sengezo Tshabangu. Richard Chidza, the spokesperson for the La...Published: 18 May 2024 at 12:01hrs | 91 | by Staff reporter
Delta Loss control manager demands USD from clients
Delta Beverages, a prominent brewery, has purportedly initiated a demand for payments in foreign currency for its product range within Mashonaland Central province. This action unfolds against a backd...Published: 04 Nov 2023 at 12:18hrs | 72 | by Simbarashe Sithole
High Court orders attachment of VFEX listed WestPro's land
A High Court judge has ordered the attachment of land belonging to Victoria Falls Stock Exchange (VFEX) listed West Property Holdings (WestPro) to offset a longstanding debt with a contractor....Published: 15 May 2023 at 18:59hrs | 5 | by Staff reporter
FSG speaks on fertiliser deals
Farming inputs manufacturer, Fertiliser Seed Grain (FSG), this week said it has fulfilled its contractual obligations with the Government, dismissing recent claims that it was paid US$400 million with...Published: 29 Aug 2019 at 07:36hrs | | by Staff reporter
Paynet switches off Zimbabwe banks
PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency...Published: 14 Jun 2019 at 08:24hrs | | by Staff reporter
Funding for Zimbabwe's healthcare now dire
The country's healthcare system has become unsustainable in the face of serious funding challenges and for the umpteenth time, Zimbabweans have to brace for yet another gruelling round of increases in...Published: 29 May 2019 at 08:06hrs | 1 | by Staff reporter
'Payments shall be in US dollars'
International Air Transport Association (IATA), a trade association which represents interests of the world's airlines, has issued a directive to local travel agents that all remittances of amounts du...Published: 25 Mar 2019 at 06:51hrs | | by Staff reporter
Hospital fees skyrocket
ZIMBABWE has been plunged into yet another health crisis as hospital fees have sharply risen, well beyond the affordability of most citizens, with most private health institutions now demanding paymen...Published: 08 Feb 2019 at 08:49hrs | 111 | by Staff reporter
Stiff penalties for errant fuel firms
Owners of oil companies and service stations that cheat in buying or selling fuel face heavy penalties under new regulations gazetted at the weekend which also show that almost all the fuel price incr...Published: 14 Jan 2019 at 15:15hrs | 1 | by Staff reporter
Civil servants pile pressure on Mnangagwa's govt
APEX council chairperson Cecilia Alexander says the civil servants' umbrella body will intensify pressure on government to hike salaries to a minimum of $1 733 for the lowest paid worker. She said as ...Published: 13 Jan 2019 at 10:23hrs | | by Staff reporter
RioZim sues RBZ over US$ payments
Resources group, RioZim, has sued the central bank to force it to pay over $92 million it claims is owed dating back to 2016 in a case that highlights the acute dollar shortages blighting the southern...Published: 22 Nov 2018 at 06:03hrs | | by Staff reporter
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 | 18 | by Staff reporter
British Airways no longer accepting RTGS payments, only accepting credit cards
British Airways has temporarily limited the distribution of ticketing authority meaning that the airline has stopped accepting real-time gross settlement (RTGS) transfers for the purchase of tickets. ...Published: 09 Oct 2018 at 10:50hrs | | by Sithabile Mafu
Companies lose thousands in fake RTGS payments
TWO men from Chitungwiza have been arraigned for allegedly defrauding two Bulawayo companies of more than $12 000 by forging Real Time Gross Settlement (RTGS) payments.Allan Makuture (43) alia...Published: 16 Jun 2018 at 21:49hrs | 3 | by Staff reporter
Banks discontinue manual RTGS payments
A NUMBER of financial institutions in Zimbabwe have discontinued manual real-time gross settlement (RTGS) payments, as they go paperless, banking on increasing their efficiencies.Some of these...Published: 22 May 2018 at 06:26hrs | | by Staff reporter
Plastic money use now popular
Zimbabweans are slowly embracing the use of plastic money as cash shortage continue resulting on most business ventures cashing in.Most major retail outlets including pubs ...Published: 22 Sep 2016 at 09:49hrs | 1 | by Staff reporter
Zimbabwe banks start rand, yuan withdrawals
Banks will start issuing the South African rand and seven other currencies on July 1, 2016 and will process Real Time Gross Settlements using that regime from tomorrow (Monday). Other currenci...Published: 19 Jun 2016 at 09:44hrs | 1 | by Kuda Bwititi
Nelson Mandela's daughter leaves Steward Bank
Makaziwe Mandela, the eldest daughter of the late South Africa president Nelson Mandela has resigned from Steward Bank's Board after being nominated to sit on the board in July 2012 after Strive Masi...Published: 12 May 2014 at 07:07hrs | 1 | by Staff reporter
Steward Bank launches product suite for Zimbabweans living in the Diaspora
Steward Bank has launched a suite of innovative Diaspora Banking products targeted at Zimbabweans living, working or studying abroad. The product suite was unveiled by Steward Bank CE...Published: 11 May 2014 at 13:57hrs | | by Staff Reporter
CBZ Bank to clear RTGS payments
CBZ Bank has stepped up efforts to clear all its outstanding payments through the Real Time Gross Settlement system by the end of this week. The bank indicated that it had put in place measures to mai...Published: 06 Feb 2012 at 20:57hrs | | by Staff reporter
Post Budget Developments in the Zim Economy - Tendai Biti
This is a press statement on Post Budget Developments in the Zimbabwean Economy presented by the Finance Minister, Tendai Biti...Published: 25 Jan 2012 at 13:38hrs | 1 | by Tendai Biti
DELTA Beverages loses over US$48K to former clerk
DELTA Beverages lost more than US$48 000 to its former clerk after she allegedly pocketed money paid by a client for the purchase of drinks. Brenda Bobo (27), who was in charge of receipting and proc...Published: 24 Jan 2012 at 22:18hrs | 1 | by staff reporter
Load More Stories
