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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
Mnangagwa cronies get lucrative tenders
On 5 May 2025, Youth Minister Tinoda Machakaire posted a seemingly heartfelt message on social media expressing deep concern over the dire state of Zimbabwe's public health institutions. Visiting a ho...Published: 18 Jun 2025 at 18:42hrs | 606 | by Staff reporter
'Zimbabwe gold-backed currency stable' but ...
Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the pa...Published: 18 Jun 2025 at 18:30hrs | 343 | by Staff reporter
Zimbabwe's mining industry set for over 7% growth
Zimbabwe's mining sector is on track for significant growth in 2025, with projections indicating an expansion of over seven percent, fueled primarily by strong performances in gold and coal production...Published: 05 Jun 2025 at 10:04hrs | 57 | by Staff reporter
Zimbabwe mining industry to grow by 7% in 2025
Zimbabwe's mining industry is projected to grow by more than 7 percent in 2025, spurred by stellar performances in gold and coal production, according to the Chamber of Mines of Zimbabwe (CoMZ)....Published: 18 May 2025 at 11:48hrs | 286 | by Staff reporter
Zimbabwe war vets launch impeachment drive
A major political storm is sweeping through Zimbabwe's corridors of power as a group of war veterans led by outspoken activist Blessed Geza has initiated an impeachment campaign targeting senior gover...Published: 06 May 2025 at 12:15hrs | 4555 | by Staff reporter
Blessed Geza drops another 'bombshell' escalates scathing attacks
War veterans leader Blessed Geza, who is backing Vice-President Constantino Chiwenga's faction within the ruling Zanu-PF, currently embroiled in a fierce succession battle with President Emmerson Mnan...Published: 27 Mar 2025 at 06:41hrs | 7195 | by Staff reporter
'Cupcake is a front!' said Tito Mboweni
Former mining minister Ngoako Ramatlhodi has slammed the African National Congress, also revealing private text messages between himself and Tito Mboweni, where the late former finance minister expres...Published: 08 Dec 2024 at 13:55hrs | 1266 | by Staff reporter
Tito Mboweni dies
PRESIDENT Cyril Ramaphosa has expressed he was deeply saddened by the death of former Governor of the South African Reserve Bank and Labour and Finance Minister Dr Tito Mboweni.He died on Satu...Published: 13 Oct 2024 at 12:31hrs | 571 | by Staff reporter
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 14 Sep 2024 at 16:13hrs | 910 | by Staff reporter
Shareholders cream off US$1,6b from Mutapa
Zimbabwe's debt restructuring talks are at risk following revelations that the country's liabilities may have increased due to a secretive US$1.6 billion payment to unknown shareholders under the sove...Published: 04 Jul 2024 at 09:33hrs | 23 | by Staff reporter
Mnangagwa fires Guvamatanga, then changes mind
President Emmerson Mnangagwa sacked finance secretary George Guvamatanga last week but then had a change of heart after he made a groveling apology, and following further representations by chief cabi...Published: 01 Jul 2024 at 10:56hrs | 22 | by Staff reporter
Zimbabwe economy stabilising after ZiG introduction
The Zimbabwean economy has shown relative stability in recent months following the Reserve Bank Governor's Monetary Policy statement on April 5, 2024, and the transition from the Zimbabwe Dollar to Zi...Published: 20 Jun 2024 at 07:14hrs | 16 | by Staff reporter
Zimbabwe celebrates independence amid doom
WHEN visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabw...Published: 16 Apr 2024 at 18:03hrs | 4 | by Leonard Koni
44 years into independence a giant is still facing economic collapse
Visiting some towns, urban and rural areas across the country one is greeted by sullen and dropping faces with sorrow and hunger written all over their faces.In a few days to come Zimbabwe wil...Published: 13 Apr 2024 at 16:40hrs | | by Leonard Koni
Zapu slams Zimbabwe's new currency ZiG
The 'mother' party ZAPU says as long as the country lacks legitimacy derived from free and fair elections, people will have no faith in a currency produced in Zimbabwe.On April 5, 2024, the ne...Published: 07 Apr 2024 at 21:08hrs | 2 | by Staff reporter
New Zimbabwe central bank boss talks tough
RESERVE Bank of Zimbabwe (RBZ) governor John Mushayavanhu on Friday declared that he will protect the central bank from external forces to maintain its independence.But analysts were quick to ...Published: 07 Apr 2024 at 10:23hrs | 3 | by Staff reporter
Service providers stop trading in Zimdollars
A MAJORITY of service providers and shops in the country were yesterday rejecting payments in local currency arguing that they were migrating to the new Zimbabwe Gold (ZiG) currency in a development t...Published: 07 Apr 2024 at 10:07hrs | 1 | by Staff reporter
RBZ adopts market-based exchange rate
THE Reserve Bank of Zimbabwe (RBZ) has adopted a market-determined system for setting exchange rates, with the auction system being replaced by a refined interbank foreign exchange market which connec...Published: 06 Apr 2024 at 08:06hrs | | by Staff reporter
Zimbabwe launches ‘gold' currency to replace dollar
Zimbabwe has introduced a new national currency aimed at stabilizing the economy and countering the devaluation of the local dollar in the southern African nation. Harare has also appealed to the Unit...Published: 05 Apr 2024 at 21:44hrs | 74 | by Staff reporter
ZANU PF has dismally failed
The Zanu PF government continues to fail the majority of the people. All hope is now lost. The majority of people who are now finding it hard to eke out a living and put food on their tables. We shoul...Published: 04 Apr 2024 at 15:40hrs | 3 | by Leonard Koni
Govt critic slams introduction of Zimbabwe's new 'structured currency'
Prominent economist Gift Mugano has dismissed the government's proposed introduction of a "structured currency" as merely a repetition of past unsuccessful endeavors. This move is seen as the latest e...Published: 03 Apr 2024 at 08:53hrs | 4 | by Staff reporter
Cyril Ramaphosa won't act on rand-fixing banks
President Cyril Ramaphosa will not act against the banks over rand fixing, according to Unisa Professor Boitumelo Senokoane.Senokoane, who joins the popular narrative that the president's stro...Published: 27 Nov 2023 at 16:35hrs | 14 | by Sifiso Mahlangu
Adam Molai's Pacific Cigarette Company forced into voluntary corporate rescue
Pacific Cigarette Company (PCC), led by local business magnate Adam Molai, has voluntarily initiated corporate rescue proceedings due to a substantial $19 million tax liability. This move comes amid a...Published: 09 Oct 2023 at 16:00hrs | 223 | by Staff reporter
Gono suffers court setback
Zimbabwe's former central bank governor, Gideon Gono, has faced a setback as a court dismissed his attempt to dismiss a lawsuit by a South African company demanding $2.2 million for grain deliveries m...Published: 02 Oct 2023 at 19:28hrs | 4 | by Staff reporter
Mnangagwa cannot win any leadership position in a fair and open political process
Ex-cabinet minister Saviour Kasukuwere has written the following open letter to Zimbabweans as he prepares to return home for a run to be president:My Dear Comrades and Countrymen,I hu...Published: 19 Jun 2023 at 18:13hrs | 16 | by Saviour Kasukuwere
Edd Branson pushes for Africa Municipal Bond Conference
Edd Branson, in his capacity as Chairman of the Afri-USA Business Initiative, has announced that the group will be holding an Africa Bond Conference, which is aimed at discussing innovative ways of fu...Published: 15 May 2023 at 07:55hrs | 1 | by Nkululeko Nkomo
Diaspora keeps Zimbabwe afloat but no vote
ALTHOUGH Zimbabweans in the diaspora are not allowed to vote from their host nations, their cash remittances back home are fast growing and helping to keep the country afloat.Last year, remitt...Published: 04 Feb 2023 at 20:12hrs | 6 | by Staff reporter
Zimbabwe after Robert Mugabe
This opinion-editorial piece was written by Japhet Ncube, a Zimbabwean-born former editor of South African daily, The Star, in November 2017 during the coup which ousted the late former president Robe...Published: 04 Feb 2023 at 20:10hrs | 21 | by Japhet Mathanda Ncube
US treasury boss heads for Africa
THE United States (US) Secretary of the Treasury Janet Yellen's visit to Senegal, Zambia and South Africa from January17 to 28, 2023 has been confirmed by the US Department of the Treasury's Office of...Published: 14 Jan 2023 at 07:40hrs | | by Staff reporter
Biti as he shreds Mthuli Ncube's supplementary budget
"We have been there before, in 2006, 2007 and 2008, once you begin to budget in trillions, you must know you have lost it. You must know that you have now become an innocent by-stander to the economy....Published: 21 Aug 2022 at 08:50hrs | 10 | by Staff reporter
Mutsvangwa grilled over propaganda
FINANCE minister Mthuli Ncube and the Reserve Bank have run out of ideas and are introducing complicated policies that continue to confuse and disadvantage the ordinary people while failing to address...Published: 12 Jul 2022 at 18:15hrs | 11 | by Staff reporter
Mangudya finds the $15 billion booty
On 18 June 2022, Zimbabwe woke up to the Reserve Bank Governor, Mangudya's admission that, "Fifteen major companies have been creating huge extra profits by borrowing billions of dollars, often from s...Published: 19 Jun 2022 at 21:07hrs | 11 | by Sam Wezhira
The mother of all vampire states
On 18 June 2022, Zimbabwe woke up to the the Reserve Bank Governor, Mangudya's admission that, "Fifteen major companies have been creating huge extra profits by borrowing billions of dollars, of...Published: 19 Jun 2022 at 21:01hrs | 17 | by Sam Wezhira
Zimbabwe doctors, nurses endorse strike
SALARY talks between government and its restive workers ended in a deadlock yesterday ahead of a full-blown strike action by health professionals and teachers beginning Monday.It has emerged t...Published: 18 Jun 2022 at 07:30hrs | 16 | by Staff reporter
Forex auction props up industry revival
The foreign exchange auctions have disbursed over US$3,2 billion to productive sectors since they opened in 2020, a development that resulted in the growth of local industry's capacity utilisation to ...Published: 17 Jun 2022 at 08:17hrs | 1 | by Staff reporter
Forex auction market a perfect looting front for the connected
BUSINESSES finally had enough and told the Reserve Bank governor John Mangudya that the Zimbabwe dollar was done as a sustainable currency. They do not want it.Last Wednesday, at a review of t...Published: 14 Feb 2022 at 05:29hrs | 2 | by Staff reporter
Is Guvamatanga altogether there?
An observation made by my daughter, Dr Rumbi, when she was 27 years old has haunted me ever since. Dr Rumbi was preparing for her doctoral defence on governance, and she had returned from a research t...Published: 17 Oct 2021 at 09:08hrs | 1 | by Kenneth Mufuka
RBZ names another 47 over illegal currency deals
Another 47 people were blacklisted yesterday by the Reserve Bank of Zimbabwe for operating on the foreign currency black market, taking to 77 the number of people whose bank and mobile money accounts ...Published: 06 Oct 2021 at 05:51hrs | 13 | by Staff reporter
Mangudya warns pharmacies
RESERVE Bank governor Dr John Mangudya has warned pharmacies that are receiving support from the foreign exchange auction trading system against pegging their prices using the parallel market exchange...Published: 26 Sep 2021 at 19:35hrs | 3 | by Staff reporter
Millers back fresh policies
ZIMBABWE'S milling industry have showered praises on under fire Finance minister, Mthuli Ncube for "continued strenuous efforts" in maintaining fiscal discipline to rebuild the troubled economy....Published: 29 Aug 2021 at 07:13hrs | 4 | by Staff reporter
Ramaphosa appoints scandal-ridden Godongwana as finance minister
South African president Cyril Ramaphosa announced 10 changes to his cabinet, including the appointment of close political ally Enoch Godongwana as his new finance minister.Godongwana succ...Published: 06 Aug 2021 at 10:15hrs | 1 | by Staff reporter
SI127 working well to stop cheats
THE civil penalty system introduced in Statutory Instrument 127 allowing the Reserve Bank of Zimbabwe to hit abusers of foreign currency, and especially the foreign currency auction system, where it h...Published: 11 Jul 2021 at 08:28hrs | | by Staff Reporter
RBZ probes Pakistani tycoon's gold licence
RESERVE Bank Governor John Mangudya Monday said the central bank would investigate circumstance under which controversial Pakistani tycoon, Ali Mohamad managed to renew his gold-buying licence at a ti...Published: 07 Jul 2021 at 10:55hrs | | by Staff reporter
Zimbabwe gold deliveries in massive surge
GOLD deliveries to Fidelity Printers and Refineries (Fidelity) by small-scale miners increased by more 1 000kgs in June compared to May deliveries, the Reserve Bank Governor (RBZ) John Mangudya said M...Published: 06 Jul 2021 at 10:37hrs | | by Staff reporter
Ex-top banker speaks on daring escape
NMBZ Holdings founder James Mushore has spoken of how he evaded arrest and fled to exile over a decade ago after being accused of externalising foreign currency.Mushore (JM) told Alpha Holding...Published: 07 Mar 2021 at 08:12hrs | 13 | by Staff reporter
Mnangagwa replaces Mobutu Sese Seko as most corrupt African leader
"If you steal, do not steal too much at a time. You may be arrested. Steal cleverly, little by little."Shocking as it is, the above statement that apparently legitimises graft, is attributed t...Published: 06 Feb 2021 at 19:10hrs | 13 | by Israel Dube
Chiwenga mourns heroes
Acting President Dr Constatino Chiwenga has sent condolence messages to the families of three national heroes who died in the past week.Dr Chiwenga condoled with the Moyo family following the ...Published: 22 Jan 2021 at 16:12hrs | 2 | by Staff reporter
Zimbabwe has voluntarily become the 10th province of South Africa
After protracted and emotional denials by Zanupf leaders that Zimbabwe is a country in crisis, masses of Zimbabweans that were stuck at Beitbridge border post a few weeks ago exposed Zimbabwe not only...Published: 21 Jan 2021 at 13:34hrs | 6 | by Israel Dube
Zanu-PF Central Committee meets
The Zanu-PF Central Committee is expected to meet this morning at the party's headquarters in Harare starting at 10am. Defence and War Veterans Affairs Minister Oppah Muchinguri-Kashiri,...Published: 29 Dec 2020 at 06:53hrs | | by Staff reporter
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