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RBZ seeks to raise $300m through TBs
GOVERNMENT is seeking to raise another $300 million through Treasury Bills (TBs) to finance its programmes, a month after issuing a sovereign paper with the same amount.In a statement yesterda...Published: 12 Nov 2019 at 07:22hrs | 175 | by Staff reporter
Zimbabwe in debt distress
LACK of transparency in public debt management and the failure to comply with legal stipulations are now manifesting in depressed fiscal space and low domestic resource mobilisation, analysts have sai...Published: 08 Nov 2019 at 05:15hrs | 357 | by Staff reporter
Zimbabwe de-dollarization & other countries experiences
Zimbabwe suspended its local currency on the 9th of April 2009 and adopted a basket of multiple currencies such as the South African Rand, British Pound, Botswana Pula, Japanese Yen, Euro and the Unit...Published: 01 Nov 2019 at 13:41hrs | 5139 | by Victor Bhoroma
Zimbabwe's not so new currency
News about a pending currency coming to the market in a fortnight made headlines on Tuesday even as it abated confusion over the reintroduction of the currency in question. The confusion pertains to w...Published: 31 Oct 2019 at 07:19hrs | 739 | by Respect Gwenzi
Mangudya throws Chinamasa under the bus?
RESERVE Bank governor John Mangudya yesterday threw former Finance minister Patrick Chinamasa under the bus after he refused to take responsibility for the US$3,2 billion Treasury Bills that were unla...Published: 25 Oct 2019 at 10:53hrs | 4559 | by Staff reporter
RBZ bigwigs face arrest
Three Reserve Bank of Zimbabwe (RBZ) officials face arrest after a committee of Parliament yesterday threatened to prefer contempt charges against them. This came after the RBZ deputy governor...Published: 15 Oct 2019 at 07:01hrs | 3604 | by Staff reporter
RBZ deputy governor faces contempt of Parliament charges
RESERVE Bank of Zimbabwe deputy governor Khuphukile Mlambo and other senior staffers at the central bank face contempt of Parliament charges after they failed to attend a Public Accounts Committee (Pa...Published: 15 Oct 2019 at 06:46hrs | 121 | by Staff reporter
Mangudya's deputy governor faces contempt of Parly charges
RESERVE Bank of Zimbabwe deputy governor Khuphukile Mlambo and other senior staffers at the central bank face contempt of Parliament charges after they failed to attend a Public Accounts Committee (Pa...Published: 15 Oct 2019 at 06:34hrs | 233 | by Staff Reporter
Tendai Biti tears into Mthuli Ncube
MDC Vice President Tendai Biti has fired salvo at the Finance and Economic Deevelopmnet Minister Mthuli Ncube accusing him of being a person who misleads the citizens. Biti was commenting on N...Published: 13 Oct 2019 at 10:05hrs | 11308 | by Mandla Ndlovu
RBZ's TBs auction hit by low uptake again
A paltry $72 million out of the $150 million Treasury Bills (TBs) auctioned last week was subscribed, an apparent indication the market has no appetite for the sovereign paper.This is the seco...Published: 13 Oct 2019 at 07:14hrs | 778 | by Staff reporter
Fifth TBs batch on the market
THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fifth batch of treasury bills (TBs), seeking to raise ZWL$150 million to finance Government programmes. Last week, RB...Published: 10 Oct 2019 at 06:43hrs | 148 | by Staff reporter
Mthuli Ncube told to scrap 2% tax
CAPTAINS of industry and commerce yesterday asked Treasury to scrap or lower the controversial 2% intermediated money transfer tax (IMTT) imposed last year by Finance minister Mthuli Ncube, saying it ...Published: 08 Oct 2019 at 13:45hrs | 4362 | by Staff reporter
Mupfumira matter postponed
The matter of former Environment, Tourism and Hospitality Industry, Minister Prisca Mupfumira, who is out on ZWL$ 5 000 bail has been postponed to November 18.The former minister is facing sev...Published: 04 Oct 2019 at 15:22hrs | 283 | by Staff reporter
$500m TBs auction raises stink
The Zimbabwe government has for the past two months sought to raise $490 million via public Treasury Bills (TBs) auction to finance its activities with analysts warning the cash-strapped Treasury not ...Published: 03 Oct 2019 at 12:38hrs | 267 | by Staff reporter
RBZ floats $300m additional TBs
THE Reserve Bank of Zimbabwe (RBZ) yesterday returned to the market with a fourth batch of treasury bills (TBs), this time seeking to raise ZWL$300 million to finance Government programmes. Th...Published: 03 Oct 2019 at 07:27hrs | 15 | by Staff reporter
RBZ third batch of TBs oversubscribed
THE Reserve Bank of Zimbabwe (RBZ) said on Friday it got offers four times more than the $100 million it sought to raise through treasury bills (TBs), signalling high investor appetite in the instrume...Published: 30 Sep 2019 at 06:44hrs | 791 | by Staff repporter
Biti reads the riot act to RBZ officials
Parliament's Public Accounts Committee (PAC) has warned that the Reserve Bank of Zimbabwe (RBZ) and its management risk being prosecuted for flouting the country's laws. PAC chairperson and fo...Published: 27 Sep 2019 at 08:02hrs | 3162 | by Staff reporter
Biti to recommend the prosecution of some top RBZ officials
PUBLIC Accounts Committee chair Tendai Biti says parliament will soon recommend the prosecution of some top Reserve Bank of Zimbabwe (RBZ) officials over the reckless issuance of treasury bills (TBs) ...Published: 27 Sep 2019 at 07:12hrs | 287 | by newzimbabwe
Zimbabwe exchange rate Armageddon near
THE Monetary Policy Statement (MPS) released last Friday supplied data which when analysed show that unless drastic measures are taken, our local currency will take a heavy battering in the coming wee...Published: 21 Sep 2019 at 07:32hrs | 3854 | by Brett Chulu
RBZ introduces US dollar savings bond
The Reserve Bank of Zimbabwe (RBZ) has brought to the market a United States dollar-denominated savings bond with an interest rate of 7,5 percent per annum to promote a savings culture among Zimbabwea...Published: 18 Sep 2019 at 06:44hrs | 3068 | by Staff reporter
Tendai Biti led team queries 'rogue' RBZ payments
Parliament yesterday slammed the Reserve Bank of Zimbabwe (RBZ) for carrying out quasi fiscal activities outside its mandate and using taxpayers and pensioners' money to fund government activities....Published: 17 Sep 2019 at 10:01hrs | 1081 | by Staff reporter
Treasury instructed RBZ to pay US$660m to Sakunda
The Reserve Bank of Zimbabwe (RBZ) yesterday told parliament that it paid US$663,8 million worth of treasury bills (TBs) to Sakunda Holdings (Sakunda) owned by fuel mogul Kuda Tagwirei under instructi...Published: 17 Sep 2019 at 07:35hrs | 1530 | by Staff reporter
Mnangagwa owns CBZ bank?
One of the country's leading commercial banks CBZ is now owned by President Emmerson Mnangagwa. This was revealed by exiled former cabinet Minister Professor Jonathan Moyo.Moyo was responding ...Published: 17 Sep 2019 at 04:59hrs | 11618 | by Mandla Ndlovu
RBZ explains exchange rate depreciation
THE depreciation of the Zimbabwe dollar against the United States dollar and other currencies in recent weeks is as a result of the closure of the tobacco marketing season which is a major foreign cur...Published: 16 Sep 2019 at 23:53hrs | 2211 | by Staff reporter
Zim Dollar rates tumbles ahead of monitory policy
The Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days. The market is not anticipating major changes to the country's economic fortunes fr...Published: 10 Sep 2019 at 06:47hrs | 10327 | by Victor Bhoroma
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | 2718 | by Victor Bhoroma
Reviewing Zimbabwe's austerity reforms
Zimbabwe launched its austerity measures under the Transitional Stabilization Programme (TSP) in October 2018. The stabilization programme itself is running from October 2018 to December 2020. Austeri...Published: 02 Sep 2019 at 09:37hrs | 3290 | by Victor Bhoroma
ZB fears inflation-induced balance sheet contraction
LISTED financial services group, ZB Financial Holdings, has raised fears over balance sheet contraction on the back of rising inflationary pressures. Although the group's total income increase...Published: 28 Aug 2019 at 07:29hrs | 143 | by Staff reporter
Mangudya's Treasury Bills get massive investor thumbs up
THE Reserve Bank of Zimbabwe (RBZ) said on Friday it received offers amounting to double the ZWL$60 million it sought to raise through treasury bills (TBs) it put to tender last week. The cent...Published: 26 Aug 2019 at 06:56hrs | 2819 | by Staff reporter
Govt floats $60m Treasury Bills
GOVERNMENT has floated Treasury Bills (TBs) valued at ZWL$60 million, the second auction in a month geared towards financing various programmes.In a communique yesterday, the Reserve Bank of Z...Published: 20 Aug 2019 at 08:00hrs | | 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 | 1009 | by Persistence Gwanyanya
Mthuli Ncube to act on liquidity crunch
The country is reeling under a massive liquidity crunch and Government is now looking at appropriate ways of re-injecting liquidity into the productive sector, according to Secretary for the Ministry ...Published: 09 Aug 2019 at 08:05hrs | 4046 | by Staff reporter
Nssa forensic audit report: Who is who
In today's second analysis of the National Social Security Authority (Nssa) forensic report on the key individuals implicated in the State pension fund prejudice of US$175,25 million, NewsDay Business...Published: 09 Aug 2019 at 07:27hrs | 518 | by Staff reporter
NSSA forensic audit report: Who is who?
Adam Molai, Environment, Tourism and Hospitality Industry minister Priscah Mupfumira, Robin Vela and Ozias Bvute are the individuals heavily implicated in the National Social Security Authority (NSSA)...Published: 08 Aug 2019 at 07:51hrs | 1993 | by Staff reporter
Biti tears into Mthuli Ncube's 'lipstick and mascara'
HARARE East MP Tendai Biti yesterday tore into Finance minister Mthuli Ncube's 2019 supplementary budget, describing it as a big fraud and misrepresentation of the true state of the economy.He...Published: 07 Aug 2019 at 17:03hrs | 7517 | by Staff reporter
Jonathan Moyo 'exposes' Mthuli Ncube and Sibusiso Moyo?
Professor Jonathan Moyo says President Emmerson Mnangagwa and Professor Mthuli Ncube working with general Sibusiso Moyo and businessman Kuda Tagwirei are involved in a grand theft of public funds. ...Published: 06 Aug 2019 at 12:02hrs | 22973 | by Mandla Ndlovu
Judge orders Metbank to pay back $20m to NSSA
Metbank has been ordered to pay back $20 million worth of Treasury Bills to the National Social Security Authority (NSSA), after a judge said the bank's court bid to keep the TBs had come "tumbling do...Published: 05 Aug 2019 at 22:11hrs | 2568 | by newZWire
Mthuli Ncube's T-Bill auction oversubscribed
ZIMBABWE'S central bank said on Friday its first Treasury Bill auction in seven years, aimed at raising $3,25 million, was oversubscribed more than four times as the government started open market bor...Published: 05 Aug 2019 at 07:44hrs | 1092 | by Reuters
Sparks fly over NSSA scandal
Former National Social Security Authority (NSSA) board chairman Robin Vela says he will challenge the damning forensic audit report in court claiming that it was part of a witch-hunt.The repor...Published: 04 Aug 2019 at 10:24hrs | 1846 | by Staff reporter
'Economy in good stead for growth'
The reforms that have been instituted by Government since September last year to restore sound macro-economic fundamentals have placed the economy on a firm foundation to support sustainable recovery,...Published: 04 Aug 2019 at 10:04hrs | 158 | by STaff reporter
Mthuli Ncube, Mangudya should contend with being unpopular
Finance and Economic Development Minister Professor Mthuli Ncube on Thursday presented a $10,85 billion Supplementary Budget and the 2019 Mid-Term National Budget Review Statement. Themed; "Building a...Published: 03 Aug 2019 at 09:19hrs | 265 | by Staff reporter
Mthuli Ncube in USD$ 500 million scam
Finance and Economic Development Minister Mthuli Ncube has been sucked into a U SD$ 500 million scam involving Treasury Bills Professor Jonathan Moyo, a fugitive from justice, has alleged.Post...Published: 02 Aug 2019 at 13:18hrs | 8828 | by Mandla Ndlovu
Zimbabwe inflation calculation deferred till 2020
ZIMBABWE has suspended calculation and publication of annual inflation rates until February next year to rebase consumer prices indices, after reintroducing local currency, to ensure that the data ref...Published: 02 Aug 2019 at 08:17hrs | 1731 | by Staff reporter
RBZ seeks to raise $30m
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $30 million through a public auction of Treasury Bills (TBs) to finance government programmes.This is the first public Treasury Bill sale...Published: 01 Aug 2019 at 21:58hrs | 1003 | by Staff reporter
Zimbabwe Treasury Bills auction begins
THE Reserve Bank of Zimbabwe (RBZ) is looking to raise $30 million to finance Government programmes through the issuance of Treasury Bills via an auction system. Treasury Bills (TBs) are...Published: 01 Aug 2019 at 09:18hrs | 563 | by Staff reporter
Jonathan Moyo dares Mthuli Ncube
Professor Jonathan Moyo has dared Finance Minister Mthuli Ncube to reveal to the country how many treasury bills he has issued since the beginning of the year. Ncube is expected to g...Published: 31 Jul 2019 at 10:47hrs | 14285 | by Mandla Ndlovu
Chinamasa's world up in flames
ZANU PF Secretary for Finance is a man in trouble after it has come to light that he was instrumental in the disbursement of USD$ 3 billion worth of Treasury bonds which disappeared in the Command Agr...Published: 21 Jul 2019 at 13:16hrs | 15306 | by Mandla Ndlovu
Mnangagwa ally faces probe in $3bn scandal
The Zimbabwe Anti-Corruption Commission (Zacc) is investigating possible abuse of funds under the controversial command agriculture scheme amid claims that there are no records of how close to US$3 bi...Published: 21 Jul 2019 at 10:23hrs | 5359 | by Staff reporter
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | 2479 | by Victor Bhoroma
USD$ 3 Billion disappears in Zimbabwe
About 3 Billion United States dollars disappeared through the system after it was allocated to the Command Agriculture program between December 2017 and 2018 it has emerged. The matter came to...Published: 19 Jul 2019 at 11:50hrs | 28662 | by Mandla Ndlovu
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