Search / Retail
Govt, workers face off over US$ salaries
ZIMBABWE'S public sector unions yesterday demanded that government pays their wages in United States dollars and threatened to go on strike, adding to the problems facing President Emmerson Mnangagwa'...Published: 18 hrs ago | 932 | by Staff reporter
100 retail operators arrested for not accepting Zimdollar, bond notes
Refusing to accept the Zimdollar and bond notes as payment for goods has landed 102 Zimbabwean business owners and retail employees in trouble, with 28 of these appearing in court as the government en...Published: 01 Jul 2020 at 19:55hrs | 3891 | by Staff reporter
CBZ Bank launches Money Transfer Centre
CBZ Bank has launched a money transfer centre to facilitate ease of collection of funds from the diaspora and in line with its vision of being the preferred provider of financial solutions in Zimbabwe...Published: 01 Jul 2020 at 19:16hrs | 4153 | by Staff reporter
Residents protest bond note snub
Mpopoma residents demonstrate at Mahomva shopping centre against the rejection of bond notes by general dealer shops on MondayDISGRUNTLED residents of Mpopoma high-density suburb in Bulawayo o...Published: 01 Jul 2020 at 07:26hrs | 1123 | by Staff reporter
Zimdollar continues to tumble
A forex dealer brandishes wads of $2 and $5 notes in Harare. The Zimdollar has continued losing value against stronger currencies like the rand and the United States dollar.THE Zimbabwe dollar...Published: 29 Jun 2020 at 07:46hrs | 4224 | by Staff reporter
'Mobile money suspension will bury Zimbabwean economy'
THERE is a debilitating mixture of chaos, confusion and panic among both consumers and businesses across the country, after the government made a surprise announcement late on Friday evening that it w...Published: 28 Jun 2020 at 17:41hrs | 1932 | by Staff reporter
EcoCash ignores govt ban amid
ECOCASH has continued offering its services despite a shock government ban on mobile money services on Friday.The government said it had suspended all mobile money services as it battles again...Published: 28 Jun 2020 at 08:17hrs | 1067 | by Staff reporter
Zimbabwe economy run by master criminals fleecing the poor
Ordinary Zimbabweans have suffered for years as a result of currency manipulation and corruption by the elites who have siphoned US dollars away into their overseas bank accounts. Now, a recent ruling...Published: 28 Jun 2020 at 08:11hrs | 1436 | by Thandekile Moyo
Money changers and the secret of their wisdom
THE foreign currency auction announced by the Reserve Bank of Zimbabwe recently appears to have started on a high note, but there is a nagging fear that those favourable comments by observers may have...Published: 28 Jun 2020 at 08:08hrs | 5488 | by Jonathan Maphenduka
Mangudya suspends mobile money agents
The Reserve Bank of Zimbabwe has suspended mobile money agents from facilitating mobile financial transactions and has placed restrictions on merchant transactions.This follows a pronouncement...Published: 27 Jun 2020 at 19:51hrs | 3627 | by Staff reporter
Zimbabwe's former Economic Minister slams government
Zimbabwe's former Minister of Economic Planning and Investment Promotion, Dr. Tapiwa Mashakada has slammed at the country's recent foreign currency auction.On Tuesday, the government launched ...Published: 27 Jun 2020 at 10:37hrs | 4615 | by Daniel Itai, Harare, Zimbabwe
Venda King fingered in R2 billion bank heist
South Africa's Vhavenda King Khosikhulu Vho-Toni Mphephu Ramabulana has been fingered as a beneficiary of the R2 billion VBS Mutual Bank heist that seen Sipho Malaba the nephew of Chief Justice Luke M...Published: 26 Jun 2020 at 20:29hrs | 4148 | by Mandla Ndlovu
Government threatens shops over bond notes
THE government has threatened to withdraw licences of shops rejecting $1 and $2 coins as well as $2 and $5 bond notes.Businesses started rejecting the lower denominations as soon as the Reserv...Published: 26 Jun 2020 at 18:13hrs | 819 | by Staff reporter
Fresh land seizures target white farmers
SENIOR government officials have put in motion plans to grab productive white-owned farms in Mashonaland West, with Provincial Affairs minister Mary Mliswa spearheading the action.Sources in t...Published: 26 Jun 2020 at 07:54hrs | 8354 | by Staff reporter
Shops ignore official exchange rate
RETAIL shops in Bulawayo yesterday continued trading using the parallel market exchange rate of US$1:$90, ignoring the new US$1:$57 rate announced by the central bank on Tuesday after the first day of...Published: 26 Jun 2020 at 07:33hrs | 1536 | by Staff reporter
How RBZ, govt sabotaged plans to restore Zimdollar
UNITED States $75 allowances and allowing retailers to trade in forex show a government shifting into reverse gear, possibly ditching two years' worth of policy steps to end dollarisation.The ...Published: 26 Jun 2020 at 07:26hrs | 6341 | by Staff reporter
Pessimism grips forex platform
Business wants more "transparency more than promises" on the foreign currency auction system for the platform to succeed as the parallel market continued unabated yesterday, a day after monetary autho...Published: 25 Jun 2020 at 16:36hrs | 2168 | by Staff reporter
Minister Raj Modi's shop demands foreign currency...rejects Zimdollar and bond notes
The Bulawayo based Wholesale Centre Liquor Hub owned Deputy Minister of Industry and Commerce Rajeshkumar Indukant Modi is reportedly refusing to accept bond notes and local currency as a medium...Published: 25 Jun 2020 at 15:25hrs | 2368 | by Mandla Ndlovu
Retail shops reject local currency
Reports from Habakkuk Trust Community Advocacy Action Teams in Matabeleland Province indicate that a significant number of shops are refusing to transact in local currency.The trust in a repor...Published: 25 Jun 2020 at 08:24hrs | 3972 | by Stephen Jakes
New US$ pricing sparks confusion
THERE was massive confusion yesterday as retail shops were meant to start charging their goods in both American dollars and the local currency, the Daily News reports.Instead of making life ea...Published: 24 Jun 2020 at 17:22hrs | 4032 | by Staff reporter
How to know you've found a good deal online
Think you have found a good deal online? Find out how to know if this is the case here in this article as we offer some pointers to h...Published: 24 Jun 2020 at 09:41hrs | 691 | by Staff Writer
Pray for Mnangagwa, minister pleads
ZimbabWe's leadership needs prayers as the country's socio-economic crisis shows no signs of abetting, a minister said yesterday.The country is undergoing its worst crisis in years characteris...Published: 24 Jun 2020 at 07:30hrs | 8963 | by Staff reporter
CZR tells retailers to accept bond coins and notes
THE Confederation of Zimbabwe Retailers (CZR) has called on its members to continue accepting bond notes and coins as they remain legal tender in line with country's monetary policy. The Reser...Published: 24 Jun 2020 at 07:09hrs | 372 | by Staff reporter
MDC jecha boys' tendency for mindless destruction
A walk along Harare's Simon Muzenda Street (formerly Forth Street), past a City of Harare paid parking lot, reveals a rusting body of a bus parked near the eastern part of the municipal space. ...Published: 24 Jun 2020 at 07:07hrs | 1864 | by Nobleman Runyanga
Zimbabwe filling stations to operate 24 hours
THE government has given filling stations the green light to operate around the clock in a bid to ease the shortage of the commodity in the country.In a statement last night, Information minis...Published: 23 Jun 2020 at 19:33hrs | 4296 | by Staff reporter
Stanbic Bank in virtual Africa investors conference
In line with current world trends, Stanbic Bank Zimbabwe's parent company, Standard Bank Group has adopted a digital approach to enable African corporate clients and leading policymakers to connect vi...Published: 23 Jun 2020 at 19:28hrs | 97 | by Staff reporter
South African jobless rate swells to worst level in 10 years under Ramaphosa
South Africa's official unemployment rate has risen to 30.1%, the highest rate in the past decade.Statistics South Africa on Tuesday released its quarterly labour force survey for the first qu...Published: 23 Jun 2020 at 15:02hrs | 1779 | by Staff reporter
Banks, Govt agree on allowances' modalities
BANKS have agreed with the Government on the modalities of the opening Foreign Currency Accounts (FCAs) for civil servants at zero costs and also to charge minimal costs so that the US$75 is not demea...Published: 23 Jun 2020 at 07:48hrs | 1529 | by Staff reporter
Zimbabwe's Covid-19 confirmed cases top 500
The number of confirmed Covid-19 cases in Zimbabwe reached 512 yesterday, although 438 of these are among returning residents in quarantine with only 74 people being infected within Zimbabwe, includin...Published: 23 Jun 2020 at 07:48hrs | 528 | by Staff reporter
Mnangagwa's govt fails to pay for subsidised mealie-meal
The Grain Millers Association of Zimbabwe says that millers are struggling to stay afloat due to government’s failure to meet its subsidy obligations. GMAZ also said the lack of transparency...Published: 22 Jun 2020 at 08:24hrs | 1506 | by Staff reporter
GMB blames millers for roller meal shortage
The Grain Marketing Board has blamed millers for the shortage of subsidised roller meal in shops. The mealie-meal which is selling for $70 in shops, has not been available for close to six wee...Published: 22 Jun 2020 at 07:56hrs | 279 | by Staff reporter
RBZ chief clarifies local currency
FARMERS, gold miners and other producers who have been crying foul over the 1:25 fixed interbank exchange rate have something to smile about as the Reserve Bank of Zimbabwe (RBZ) starts implementing t...Published: 21 Jun 2020 at 11:07hrs | 4470 | by Staff reporter
Same frog now in lipstick
IN more ways than one, courting love is similar to stalking prey.Although motivated by different designs, courting and stalking essentially entail stealthily winning an advantage in order ...Published: 21 Jun 2020 at 11:05hrs | 244 | by Bishop Lazi
Goobye interbank rate!…RBZ chief speaks on auction system
FARMERS, gold miners and other producers who have been crying foul over the 1:25 fixed interbank exchange rate have something to smile about as the Reserve Bank of Zimbabwe (RBZ) starts implementing t...Published: 21 Jun 2020 at 08:15hrs | 4392 | by Staff Reporter
Mthuli Ncube challenged to shape up or quit
THE pressure is mounting on under-fire Finance minister Mthuli Ncube, with Members of Parliament challenging him this week to fix the country's comatose economy or resign from his Cabinet post....Published: 20 Jun 2020 at 17:46hrs | 2975 | by Staff reporter
Zimbabwe's economic collapse govt's own doing
PRESIDENT Emmerson Mnangagwa's claims that the deepening economic crisis is the work of his political detractors and greedy businesspeople reflect the government's failure to take responsibility for i...Published: 19 Jun 2020 at 08:25hrs | 1602 | by Staff reporter
Of RBZ's forex trading system, Zimbabwe's currency muddle
RESERVE Bank of Zimbabwe (RBZ) has announced a new foreign currency auction system, saying it will bring "transparency and efficiency" to currency trade.The auction system is the latest in a s...Published: 19 Jun 2020 at 08:11hrs | 597 | by Alfonce Mbizwo
Sugar millers threaten to cut supplies to retailers
THE Zimbabwe Sugar Association has threatened to suspend supplies to wholesalers and retailers found hoarding the commodity for speculative purposes. Recently, the sugar industry has received ...Published: 19 Jun 2020 at 07:33hrs | 551 | by Staff reporter
Chamisa insists that ball is in Mnangagwa's court
AS ZIMBABWE'S political and economic crises continue to deepen, Nelson Chamisa says the ball is in President Emmerson Mnangagwa's court to initiate sincere and inclusive national dialogue to help reso...Published: 18 Jun 2020 at 17:47hrs | 5086 | by Staff reporter
ZSA concerned with exorbitant sugar prices charged by retailers
The Zimbabwe Sugar Association (ZSA) has said it has received numerous enquiries on the availability of sugar in the local market and has also noted, with serious concern, that some retailers and whol...Published: 18 Jun 2020 at 14:04hrs | 1364 | by Stephen Jakes
Sugar situation in Zimbabwe
The Zimbabwe Sugar Association (ZSA) has received numerous enquiries on the availability of sugar in the local market and has also noted, with serious concern, that some retailers and wholesalers are ...Published: 18 Jun 2020 at 09:06hrs | 3722 | by Staff reporter
Police speak on Bulawayo, Harare roadblocks
POLICE are addressing complaints by Bulawayo and Harare residents who were blocked from going to work by security forces yesterday and on Monday. Yesterday morning scores of Bulawayo residents...Published: 17 Jun 2020 at 06:39hrs | 2202 | by Staff reporter
Economists wary of Zimbabwe
Former Finance Minister Tendai Biti as well as two of the country's renowned economists Eddie Cross and Dr. Tapiwa Mashakada have raised concerns over the economic wellbeing of the country.The...Published: 16 Jun 2020 at 11:59hrs | 1928 | by Daniel Itai
Outcry over suspension of door-to-door roller meal sales
The door-to-door sale of subsidised roller meal in Mutare has been stalled, triggering an outcry from residents who say it is difficult to buy the basic commodities in supermarkets. For over a...Published: 15 Jun 2020 at 07:10hrs | 268 | by Staff reporter
Let's pray against economic demons on National Day of Prayer
TOMORROW June 15, 2020 has been declared the Presidential Day of Prayer in the wake of the Covid-19 pandemic whose infections have spiked. After Zimbabwe recorded its first case on March 20, 2...Published: 14 Jun 2020 at 19:28hrs | 1084 | by Robin Mungate
Civil servants demand meeting with govt
CIVIL servants have written to the government demanding an urgent meeting over salaries, which they say have been significantly eroded by inflation.This comes as prices of basic commodities an...Published: 14 Jun 2020 at 11:21hrs | 3115 | by Staff reporter
Zimbabwe forex woes set to deepen, researchers warn
Zimbabwe's foreign currency shortages are set to worsen due to the effects of the Covid-19 pandemic that has reduced exports and slowed down remittances, a leading research firm has warned.IH ...Published: 14 Jun 2020 at 10:10hrs | 511 | by Staff reporter
Govt mulls fuel price hike
Fuel prices might be reviewed upwards in order to address biting "artificial shortages" of the commodity on the local market, Energy and Power Development Minister Fortune Chasi has hinted.In ...Published: 14 Jun 2020 at 09:41hrs | 556 | by Staff reporter
Govt mulls reviewing cash grants
For Sharai Chivasa, a middle-aged mother of four from Harare's high-density suburb of Glen View 3, surviving the current pricing madness is equally as important as enduring the virulent coronavirus....Published: 14 Jun 2020 at 09:26hrs | 146 | by Staff reporter
Roller meal subsidy raised
To keep the retail price of roller meal at $70 for a 10kg bag, Government has raised the subsidy to $216,15 from the original $73,90 which will cushion millers against rising costs. Industry a...Published: 13 Jun 2020 at 09:09hrs | 468 | by Staff reporter
Load More Stories
