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South Africa's big business wants spaza shop economy?
Major businesses across South Africa are looking to capitalise on the country's booming informal economy, with many companies licking their lips at an opportunity worth hundreds of billions of rands....Published: 24 hrs ago | 497 | by Staff reporter
Mnangagwa declares Mbare inferno a disaster
President Emmerson Mnangagwa has declared the devastating fire that ravaged the Mbare Traders Market a state of disaster, paving the way for urgent assistance and resources to support thousands of tra...Published: 19 Nov 2024 at 08:56hrs | 1140 | by Staff reporter
Confidence in Zimbabwe gold currency hits historic low
Confidence in the Zimbabwe Gold (ZiG) currency has dropped to an all-time low, a member of the Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has admitted.Introduced in April this ye...Published: 14 Nov 2024 at 09:52hrs | 1783 | by Staff reporter
BCC scrap support for NRZ public transport interchange plan
The Bulawayo City Council has rescinded its support for a planned public transport interchange on National Railways of Zimbabwe (NRZ) land, which was intended to alleviate congestion in the central bu...Published: 11 Nov 2024 at 07:05hrs | 423 | by Staff reporter
Power Sales workers fume over salaries
Powersales, a retail clothing chain in Bulawayo, is embroiled in a dispute with its employees after management decided to offset outstanding salaries with sewing machines, leaving workers dissatisfied...Published: 10 Nov 2024 at 10:57hrs | 264 | by Staff reporter
Zanu-PF title deed bait misfires
The ruling ZANU-PF party's election pledge to regularise informal settlements is progressing slowly, with only 11,000 title deeds issued in Harare's Epworth suburb since the start of 2023, according t...Published: 01 Nov 2024 at 06:49hrs | 1088 | by Staff reporter
Mr. Mnangagwa, before talking about colonial reparations, why not pay Gukurahundi reparations first?
In a recent address at State House, Zimbabwean President Emmerson Mnangagwa renewed his call for former colonial powers to pay reparations to their ex-colonies, suggesting that such reparations could ...Published: 31 Oct 2024 at 21:25hrs | 458 | by Tendai Ruben Mbofana
Harare demolishes Mbare structures
The Harare City Council has demolished illegal structures near its Remembrance Offices in Mbare to prepare a site for the relocation of traders affected by last month's devastating fire. The site, onc...Published: 30 Oct 2024 at 07:53hrs | 486 | by Staff reporter
RBZ rubbishes Chamisa lawyer's claims on ZiG
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed that the Zimbabwe Gold (ZiG) currency remains the country's legal tender, dismissing speculation that it had expired following the lapse of Statutory ...Published: 29 Oct 2024 at 07:25hrs | 354 | by Staff reporter
'ZiG must go'
The Zimbabwe Gold (ZiG) currency is facing mounting pressure from the business community, which is advocating for its removal due to increasing volatility, despite the Reserve Bank of Zimbabwe's (RBZ)...Published: 24 Oct 2024 at 08:02hrs | 2201 | by Staff reporter
Call for reparations: A mere excuse by failed African leaders!
As the Commonwealth Heads of Government meeting (CHOGM) kicked off this week in Samoa, the topic of reparations for slavery and colonialism has once again been thrust into the spotlight. Sever...Published: 23 Oct 2024 at 20:31hrs | 271 | by Tendai Ruben Mbofana
Security guard charged over US$5 million Mbare Musika fire
The fire that ravaged Mbare Musika Retail Market last week, causing property damage worth US$5 million, originated from a small fire negligently lit by a security guard trying to keep warm, a Mba...Published: 19 Oct 2024 at 12:09hrs | 1221 | by Staff reporter
Mbare fire evidence disappears
Investigations into the cause of the devastating fire that engulfed Mbare Musika last week have reportedly stalled as vendors rushed to clean up and reclaim the affected space, NewsDay has learned. Th...Published: 17 Oct 2024 at 13:26hrs | 710 | by Staff reporter
Mnangagwa declares State of Disaster after Mbare market fire
President Emmerson Mnangagwa has declared a State of Disaster following the devastating fire that tore through Mbare Traders Market on October 8, 2024. The fire, which raged for hours before being ext...Published: 15 Oct 2024 at 14:00hrs | 739 | by Staff reporter
Zanu-PF MP blames opposition for loss of livelihoods
Parliament has urged the government to conduct a comprehensive investigation into a spate of fires that have recently devastated informal trading spaces and buildings in Harare. The call for inquiry f...Published: 13 Oct 2024 at 12:33hrs | 269 | by Staff reporter
Doji Candle: Understanding Its Role in Trading
The Doji candle stands out as one of the most intriguing candlestick patterns used by traders, offering a window into the market's state of uncertainty. It frequently appears during moments when buyer...Published: 09 Oct 2024 at 13:17hrs | 342 | by Staff Reporter
Fire breaks out at Mbare Musika market
A massive fire broke out at Mbare Musika market in Harare on Tuesday night, wreaking havoc on the bustling informal trade hub and destroying countless properties and livelihoods. The blaze, which star...Published: 09 Oct 2024 at 07:57hrs | 1668 | by Staff reporter
Zimbabwe gazettes new limit on cash exports
The Government of Zimbabwe has introduced new regulations setting a maximum limit on the amount of cash that individuals can take out of the country without prior approval from the Reserve Bank of Zim...Published: 08 Oct 2024 at 19:43hrs | 2577 | by Staff reporter
Used clothes take Zimbabwe by storm
Kimberley Dube takes great care with her appearance. She always looks sharp and fashionable in smart-looking jeans, t-shirts, sweatpants, tops, and designer sneakers."I love jeans - can't get ...Published: 02 Oct 2024 at 11:24hrs | 621 | by Staff reporter
Zimbabwe shops impose limits amid panic-buying?
Some shops across Zimbabwe have imposed "one item per person" rules for products such as milk to fend off panic-buying triggered by a new loss of faith in the country's latest currency.Last we...Published: 02 Oct 2024 at 07:57hrs | 1181 | by Staff reporter
Supermarkets, vendors reject ZiG
In a significant economic shift, supermarkets, vendors, commuter omnibus operators, and tuckshops across Zimbabwe have stopped accepting payments in the local ZiG currency. This decision follows Reser...Published: 01 Oct 2024 at 09:10hrs | 1296 | 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 | 527 | by Staff Reporter
ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 62 | by Staff reporter
Overview of Popular Crypto Trading Platforms
Crypto Trading Platforms Over the past ten years, cryptocurrency trading has become somewhat popular since many platforms have developed to serve trader...Published: 25 Sep 2024 at 17:05hrs | 223 | by Staff Reporter
Zimbabwe central bank bites back
This year, authorities in Zimbabwe have recorded over 1,100 cases of debit card abuse linked to backstage black market dealers, highlighting the ongoing challenges of a protracted currency crisis. The...Published: 20 Sep 2024 at 09:35hrs | 6166 | by Staff reporter
Chinese' shops flood Bulawayo CBD
A bustling shop along Fife Street, between Eighth and Ninth Avenue, known informally as a "Chinese shop," has become a go-to destination for Bulawayo residents in search of affordable goods. From kitc...Published: 18 Sep 2024 at 08:18hrs | 609 | by Staff reporter
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 2769 | by Nkosi Moyo
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 7515 | by Staff reporter
ZiG sabotage
The introduction of the Zimbabwe Gold currency (ZiG) nearly five months ago has contributed to noticeable stability and low inflation, largely due to the Reserve Bank of Zimbabwe's (RBZ) rigorous meas...Published: 10 Sep 2024 at 08:49hrs | 6493 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9573 | by Staff reporter
Teacher arrested while trying to convert ZiG to US$
Albert Nyambara, a teacher from Marondera who was arrested for attempting to convert his local currency, ZiG, salary into United States dollars, has been summoned to appear at the Marondera Magistrate...Published: 06 Sep 2024 at 17:14hrs | 1842 | by Staff reporter
Zimbabwe economy needs robust tax system
The Zimbabwe Revenue Authority (ZIMRA) is pushing for a modernized tax system to address the complexities of Zimbabwe's economy, particularly the predominantly cash-based informal sector. ...Published: 05 Sep 2024 at 07:07hrs | 131 | by Staff reporter
Unilever pulling out of Zimbabwe after 80 years
Unilever, one of the world's leading consumer goods companies, is pulling out of Zimbabwe after 80 years of operation.The company, which had reaffirmed its long-term commitment to the country ...Published: 27 Aug 2024 at 11:21hrs | 1233 | by Staff reporter
'Sex enhancing drug overdose fatal'
The rising demand for sex enhancement products has put many lives at risk in Zimbabwe, according to a medical expert.In an interview, Dr. Johannes Marisa, President of the Medical and Dental P...Published: 27 Aug 2024 at 08:09hrs | 1382 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3922 | by Staff reporter
Kombis, vendors desert eGodini
Bulawayo Mayor, Councillor David Coltart, has expressed concern over the abandonment of the Egodini Bus Terminus and Traders Market by informal traders and transport operators, which could lead to con...Published: 23 Aug 2024 at 06:39hrs | 1973 | by Staff reporter
Chirundu border post modernises
Chirundu Border Post is undergoing significant modernization with the recent installation of information screens. Angeline Mashiri, the Zimbabwe Revenue Authority regional manager for Chirundu...Published: 20 Aug 2024 at 10:42hrs | 220 | by Staff reporter
Exposing Mnangagwa Sadc facade
Your Excellencies, I write this public letter as an ordinary citizen of Zimbabwe, a member state of the Southern African Development Community (SADC).It is in the true African spirit of ubuntu...Published: 07 Aug 2024 at 15:34hrs | 1844 | by Luke Tamborinyoka
The Health Centre is desperately in need of curtains
Curtains are for privacy, decor, cooling effect and giving the first impression of an institution or home. If curtains fail to provide none of the aforementioned then they are not worth hanging up. By...Published: 06 Aug 2024 at 17:55hrs | 318 | by Thomas Tondo Murisa
SADC Summit brings problems for Zimbabwe vendors
Some 300 vendors operating along main roads in Chivhu will go without incomes for the next three weeks after Government removed them from their stalls to paint a clean picture of the country to delega...Published: 03 Aug 2024 at 15:54hrs | 850 | by Staff reporter
Police in Zimbabwe arrest more money-changers
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit have arrested 10 more illegal currency traders in a renewed crackdown. National police spokesperson Commissioner Paul Nyathi c...Published: 01 Aug 2024 at 09:07hrs | 865 | by Staff reporter
Plumtree Town Council plans to demolish vending structures
The Plumtree Combined Residents and Development Association (PCRADA) is in conflict with the Plumtree Town Council over the council's plans to remove informal traders from the central business distric...Published: 30 Jul 2024 at 07:40hrs | 164 | by Staff reporter
Mthuli Ncube backs down on taxes
The Zimbabwean government has removed value-added tax (VAT) from selected meat products, reduced presumptive taxes for informal traders, and mandated that all government service fees be paid in local ...Published: 26 Jul 2024 at 06:39hrs | 1593 | by Staff reporter
Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 26 Jul 2024 at 06:33hrs | 491 | by Staff reporter
Vendors, Mnangagwa's govt head for showdown over Sadc swoop
Informal trader representatives in Harare have expressed strong opposition to the government's plans to evict them from the central business district (CBD) ahead of the Sadc Summit. The government aim...Published: 15 Jul 2024 at 08:15hrs | 263 | by Staff reporter
A tale of illegal night trading in Bulawayo
In the heart of Bulawayo's central business district, a bustling underground market emerges as night falls, contrasting sharply with the daytime vibrancy of legal vendors. While daytime sees legitimat...Published: 12 Jul 2024 at 08:14hrs | 16 | by Staff reporter
Shortage of ZiG coins, notes affects Bulawayo vendors
Informal traders in Bulawayo are grappling with significant challenges due to the scarcity of Zimbabwe Gold (ZiG) notes and coins, which has severely impacted their ability to conduct business effecti...Published: 11 Jul 2024 at 07:26hrs | 11 | by Staff reporter
Debunking mischief about Tagwirei, Sakunda
There has been a sustained casting of aspersions over the success of businessman Mr Kudakwashe Tagwirei, whom I will simply call Kuda, from anti-Zimbabwe media and activists both locally and outside t...Published: 10 Jul 2024 at 16:49hrs | 16 | by Rutendo Bereza Matinyarare
Partitioning of city buildings divides Bulawayo councillors
The Bulawayo City Council has raised concerns about the increasing trend of partitioning city centre buildings into mini-complexes for small and medium business operators. This unregulated growth is s...Published: 05 Jul 2024 at 11:00hrs | 12 | by Staff reporter
Zimbabwe in top five Bitcoin markets
Zimbabwe has emerged as one of the top five African nations embracing Bitcoin and other digital currencies, according to a report by Equity Axis. This finding coincides with recent efforts by Zimbabwe...Published: 30 Jun 2024 at 18:30hrs | 2 | by Staff reporter
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