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South Africa plans to say goodbye to cash?
Despite the surging adoption of contactless payments in South Africa, more than half of the country still relies on cash as their dominant payment method, and the digital divide is slowing the migrati...Published: 29 Oct 2024 at 13:54hrs | 3004 | by Staff reporter
Cracking the code on forex trading: How does it really work?
Engaging in forex trading presents an opportunity for South Africans to participate in the international financial scene and potentially make profits by leveraging currency fluctuations. There is grow...Published: 27 Sep 2024 at 23:12hrs | 523 | by Staff Reporter
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 104 | by Staff reporter
South Africa GDP growth is an 'illusion' benefiting the few
The Economic Freedom Fighters (EFF) have dismissed the recent GDP growth figures released by Statistics South Africa (Stats SA) as "misleading", accusing the government and financial institutions of c...Published: 05 Sep 2024 at 09:17hrs | 184 | 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 | 7 | by Sifiso Mahlangu
Mnangagwa to replace Mangudya as RBZ boss?
A GLOBAL recent ranking of central bank governors has given Zimbabwe's John Mangudya the lowest grade amid speculation that he may be replaced as President Emmerson Mnangagwa reshapes his administrati...Published: 28 Sep 2023 at 16:03hrs | | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 9 | by Martin Majaji
Busisiwe Mkhwebane merely annoyed agents of white monopoly capital
In my view, both Tina Joemat-Pettersson (may her soul repose peacefully) and Busisiwe Mkhwebane are victims of a system that lives off the subjugation of women, where women are treated very differentl...Published: 21 Jun 2023 at 17:18hrs | 1 | by Lindiwe Sisulu
Cyril Ramaphosa may have to consider the prospects of donning orange overalls
AS EMBATTLED President Cyril Ramaphosa fights for his political life in the build-up to the ANC national conference at the end of this year, he might also have to consider his fashion sense with the p...Published: 24 Oct 2022 at 19:45hrs | 1 | by Sizwe Dlamini
Zimbabwean businessman 'flouts' SA exchange regulations
Zimbabwean businessman Innocent Choga and his company Kiara International Limited (Kiara) have been flagged by South African authorities for allegedly "flouting" that country's exchange control regula...Published: 05 Oct 2022 at 06:40hrs | 1 | by Staff reporter
Ramaphosa may have to consider the prospects of donning orange overalls
AS EMBATTLED President Cyril Ramaphosa fights for his political life in the build-up to the ANC national conference at the end of this year, he might also have to consider his fashion sense with the p...Published: 21 Jun 2022 at 14:06hrs | 6 | by Staff reporter
South African Reserve Bank speaks on the introduction of R500 note
As South Africans grapple with the rising cost of inflation and increased cost of living, there has been a growing debate on whether the country should consider higher denominations of coins and notes...Published: 11 Jun 2022 at 09:43hrs | | by Staff reporter
Change in Zimbabwe is a big word and act
THIS country requires to make hard decisions and act in a radical manner for any sensible economic transformation to be upon us. However, we are expecting change of our economic fortunes using the sam...Published: 27 May 2022 at 06:48hrs | | by Brian Sedze
Sustainable reforms now key to foreign exchange market
The Reserve Bank of Zimbabwe (RBZ) recently announced that it is on course to clear the backlog of foreign exchange auction allotments which date back to as far as three months and amounting to about ...Published: 08 Oct 2021 at 19:03hrs | 7 | by Victor Bhoroma
Central bank and monetary policy independence
The government of Zimbabwe recently dissolved the inaugural Monetary Policy Committee (MPC) that had been appointed in September 2019 and swiftly appointed a new team to fill up the void. The committe...Published: 09 Mar 2021 at 22:34hrs | | by Victor Bhoroma
Exchange control regulations and export growth
The monetary policy committee for the Reserve Bank of Zimbabwe (RBZ) issued a circular with changes to export surrender requirements on the 7th of January 2021. The changes include immediately removin...Published: 20 Jan 2021 at 06:30hrs | | by Victor Bhoroma
Magashule slams gatekeepers of the compromises of the sunset clause
ANC secretary general Ace Magashule on Thursday slammed gatekeepers of the compromises of the sunset clause in a prepared speech for the memorial service of ANC stalwart Lesiba Maphoto in Polokwane....Published: 18 Jul 2019 at 18:05hrs | | by Staff reporter
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | | by Victor Bhoroma
Mujuru swims in US$450 000 debt
Former Vice President Joice Mujuru has been forced to settle her debt amounting to US$452 000 with Peppy Motors that supplied tractors to her company, Ruzirun Investments, five years ago. Muju...Published: 27 May 2019 at 06:27hrs | | by Staff reporter
Zimbabwe 2nd most miserable country in the world
The misery index of 2019 has listed Zimbabwe as the second most miserable country in the world. Focus Economics reports Zimbabwe comes second after Venezuela. Justifying putting Z...Published: 27 Apr 2019 at 14:45hrs | | by Mandla Ndlovu
Can Zimbabwe manage to de-dollarize
The Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monitory Area (CMA), also refer...Published: 23 Apr 2019 at 15:18hrs | 7 | by Victor Bhoroma
South Africa Reserve Bank to be nationalised
President Cyril Ramaphosa's announcement on Thursday that government intends to continue with plans to nationalise the central bank cased "havoc" in dealing rooms, according to Bianca Botes, Corporate...Published: 09 Mar 2019 at 08:03hrs | 1 | by Staff reporter
Don't fall for sanctions denialists' lies and wiles
The worst-kept secret is out that the United States is determined to see the Zimbabwean government fall – just as it is doing in Venezuela. And denying that is like denying one's existence itself....Published: 03 Mar 2019 at 00:53hrs | | by Conway Tutani
Bushiri's private jet attached
Self-proclaimed prophet Shepherd Bushiri's multimillion-rand private jet has been attached by the Asset Forfeiture Unit (AFU) - part of the National Prosecuting Authority (NPA) - amid allegations that...Published: 17 Feb 2019 at 08:32hrs | | by news24
WATCH: How to identify fake Mandela bank note or coin
The South African Reserve Bank (SARB) recently launched a new public awareness campaign alongside the introduction of the new Mandela commemorative series of banknotes and R5 circulation coin....Published: 05 Jul 2018 at 13:28hrs | | by Staff reporter
MDC Alliance 'bullet train' political campaign
The MDC Alliance's "bullet train" political campaign has clearly been quick off the mark (no pun intended).Perhaps too quick off the mark to the extent that they had raked up in excess of 40 r...Published: 10 Jun 2018 at 09:21hrs | 1 | by Staff writer
5 key economic policy matters that will trigger economic stability & growth in Zimbabwe
Over and above the need for political stability and sound macroeconomic management policies, business confidence is the single biggest determinant of economic growth in any country. Economics is a soc...Published: 01 Jun 2018 at 11:45hrs | | by Martin Majaji
Top Zimbabwean exec suspended by KPMG South Africa
KPMG has suspended the head of its largest business unit, who was the lead audit partner on VBS Mutual Bank.Sipho Malaba, who is related to Chief Justice Luke Malaba, was tasked with running K...Published: 12 Apr 2018 at 08:53hrs | 4 | by Staff reporter
US penalises Zimbabwean company, firm ordered to pay $141 000 fine
UNITED States' Securities and Exchange Commission (SEC) has penalised local accounting and auditing firm, KPMG Zimbabwe for operating without being registered with the Public Company Accounting Oversi...Published: 16 Mar 2018 at 06:10hrs | | by Staff reporter
Banks in South Africa not treated the same
BY EMAIL (CC: Mr. Dondo Mohajane-Natl treasury)Mr. Kuben NaidooRegistrar of BanksSouth African Reserve BankHelen Joseph StreetPretoria...Published: 12 Mar 2018 at 08:13hrs | | by T. Matodzi
South Africa Reserve Bank attacks black owned bank
The Reserve Bank Lesetja Kganyago has slammed ideas that its decision to place VBS Mutual Bank under curatorship is an attack on black-owned banks.Kganyago was speaking at a briefing on Sunday...Published: 11 Mar 2018 at 19:50hrs | | by Staff reporter
EFF calls for an inquiry into Capitec 'loan shark'
The EFF notes the damning report by Viceroy on Capitec and its loan shark activities and allegations. The EFF, despite the assurances of the South African Reserve Bank (SARB), believes there must be a...Published: 01 Feb 2018 at 12:26hrs | 1 | by Mbuyiseni Quintin Ndlozi
Black movement group picket big South African bank's outlets, 7 branches shutdown!
On 19 June 2017 the Public Protector Advocate Busisiwe Mkhwebane, found amongst others that the South African Government and the South African Reserve Bank (SARB) had failed to recover an amount of R3...Published: 03 Jul 2017 at 20:11hrs | | by Staff reporter
No official word on Zimbabwe adopting the Rand
The South African Reserve Bank has not received any official communication from Zimbabwean authorities for the adoption of the South African rand as the main unit of trade, Jabulani Sikhakhane, the di...Published: 26 Jun 2017 at 16:09hrs | | by Ray Ndlovu
R5 commemorative circulation coins cause a stir
Cape Town - The South African Reserve Bank (SARB) has had to step in and calm the fears of concerned South Africans after R5 commemorative circulation coins caused a stir, ...Published: 10 Apr 2017 at 11:49hrs | | by fin24
'Zuming' against white monopoly capital
Long after President Jacob Zuma announced his midnight Cabinet reshuffle that claimed the scalps of four ministers and several deputies, South Africa is still ruminating on the possible impact of the ...Published: 06 Apr 2017 at 06:41hrs | 1 | by Lovemore Ranga Mataire
Rousing welcome for Mugabe in Ghana
President Mugabe's popularity as an African icon continues to rise with delegates who attended Ghana's 60th independence celebrations here yesterday rising to their feet, cheering and clapping han...Published: 07 Mar 2017 at 06:11hrs | | by Staff reporter
Can the South African Rand rescue Zimbabwe's economy?
TENDAI Biti sits in his office in a leafy Harare suburb, contemplating another collapse of the Zimbabwean economy.Thanks to a chronic shortage of United States dollars, the country is running ...Published: 24 Nov 2016 at 08:22hrs | 5 | by Simon Allison
South Africans should brace for another rate hike
Cape Town - The South African Reserve Bank (Sarb) is set to hike rates, according to two prominent economists who believe a 25 basis-point interest rate increase will likely be the outcome of the...Published: 11 Mar 2016 at 11:52hrs | 1 | by Staff reporter
Impounded US plane had R60 billion cargo destined for SA Reserve Bank
INVESTIGATIONS have unearthed that the decomposing body found last week on a Western Global Airlines cargo plane at Harare International Airport was that of a stowaway, and that the craft was carrying...Published: 21 Feb 2016 at 07:10hrs | | by Brian Chitemba
SA now wants its money from Zimbabwe
THE South African Reserve Bank said rand notes found on a cargo plane impounded in Zimbabwe this week after a dead body was discovered on board should be returned home."The aircraft currently ...Published: 17 Feb 2016 at 07:39hrs | | by Bloomberg
EcoCash to start SA - Zimbabwe cross border remittances
The South African Reserve Bank (Sarb) now allows remittances into Zimbabwe using the EcoCash mobile money platform, Econet Wireless said late Thursday afternoon.According to ...Published: 12 Jun 2015 at 10:51hrs | | by Staff reporter
Zimbabwe repatriates 'important' colonial documents from South Africa
Zimbabwe has repatriated some important Cabinet documents of the settler regime that had been taken to South African institutions before the country gained its independence, Home Affairs Minister Kemb...Published: 11 Jun 2015 at 09:15hrs | | by Staff reporter
South Africa introduces new R2 coin
Johannesburg - The South Africa Reserve Bank (Sarb) on Wednesday introduced a new R2 coin commemorating the centenary of the Union Buildings.The coins would be released for circulation and as...Published: 18 Dec 2013 at 13:07hrs | | by Sapa
New SA banknotes features Nelson Mandela
The South African Reserve bank Governor, Gill Marcus, today said South Africa's currency should be a reflection of its culture and heritage. "South Africa's banknotes have reflected aspec...Published: 05 Sep 2012 at 11:53hrs | | by SABC | Ndou Paul
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