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'ZSE left with two valuable counters'
The Zimbabwe Stock Exchange (ZSE) is witnessing a significant shift, with Delta Corporation Limited and Econet Wireless Zimbabwe now standing as the only major valuable counters on the bourse. Several...Published: 20 Nov 2024 at 07:03hrs | 191 | 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 | 2206 | by Staff reporter
CMED apprenticeship intake jobs
TRAINING INTAKEApprenticeship Intake JobsCMED Private Limited Expires 25 Oct 2024 Harare Full-TimeJob DescriptionApplications are invited for the Apprenticeship Trainin...Published: 15 Oct 2024 at 14:29hrs | 1156 | by Staff reporter
Zimbabwe migrants creating jobs, saving lives in SA
For Butholezwe Nyathi, saving lives is more than just a career; it's a mission that transcends borders. At 45 years old, the Matabeleland South native's journey took a dramatic turn in 2003 when he le...Published: 07 Oct 2024 at 08:03hrs | 495 | 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 | 533 | by Staff Reporter
Zimbabwe aims to maximize gold revenue amid global demand surge
The Ministry of Mines has officially launched the 2024 Second Gold Mobilisation exercise, a strategic initiative designed to ensure compliance and optimize revenue from Zimbabwe's gold mining sector. ...Published: 17 Sep 2024 at 06:49hrs | 160 | by Staff reporter
Zanu-PF panics over ZiG collapse
ZANU-PF spokesperson Christopher Mutsvangwa has expressed alarm over the devaluation of the Zimbabwe Gold currency (ZWG) and is urging President Emmerson Mnangagwa to take decisive action. Mutsvangwa ...Published: 13 Sep 2024 at 08:12hrs | 3502 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 466 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 55 | by Staff writer
Why Zimbabwe should break free from the US dollar's grip
Government Up Close"Normalcy is that a country must have its own currency," President Mnangagwa is on record highlighting this fact.Some people have argued that one of the gravest fina...Published: 11 Jul 2024 at 14:10hrs | 61 | by Nick Mangwana
Boost for ZSE as govt suspends tax on stocks
Government has implemented significant tax reductions and suspensions aimed at revitalizing trading activity on the Zimbabwe Stock Exchange (ZSE). The 40% capital gains tax (CGT) on stocks sol...Published: 02 Jul 2024 at 06:36hrs | 4 | by Staff reporter
ZSE to list on own bourse
The Zimbabwe Stock Exchange (ZSE) is preparing to self-list on its own platform in the upcoming year, marking a significant milestone in its history. This move, aimed at accessing better risk-adjusted...Published: 22 Jun 2024 at 11:37hrs | 1 | by Staff reporter
Zimbabwe's ZiG gamble backfires?
In late May, monitoring the ZiG currency against other currencies revealed a divergence between the government-regulated exchange rate and the market-determined parallel rate. Introduced on Ap...Published: 04 Jun 2024 at 13:50hrs | 11 | by Staff reporter
NMBZ optimistic on ZiG inflation-easing impact
Listed financial services provider, NMBZ Holdings Limited, has expressed optimism about the inflation-easing impact of the new Zimbabwe Gold (ZiG) currency, following a 209% revenue increase in the fi...Published: 21 May 2024 at 08:27hrs | 1 | by Staff reporter
Is this another catch-and-release?
The arrest of Neville Mutsvangwa has just ruffled feathers and opened a can of worms in Zanu PF's political factional fights. Is this government really serious about fighting corruption in the...Published: 18 May 2024 at 20:50hrs | 7 | by Leonard Koni
Green bomber enrolment begins
The enrolment of 750 cadres for the National Youth Service in Zimbabwe has started countrywide, with President Mnangagwa expected to officiate at the relaunch of the programme next month.Cabin...Published: 16 Apr 2024 at 07:49hrs | 2 | by Staff reporter
Money changers reject bond notes
Vendors in Harare have ceased accepting bond notes following the introduction of the new currency, the Zimbabwe Gold (ZiG) dollar, despite Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanu's an...Published: 08 Apr 2024 at 10:49hrs | | by Staff reporter
Mr Kudzai Mutisi, the German 'Economic wonder' after the WW2 had multiple favourable factors!
I am writing this article as a reply to your article you wrote last week: My article is not in any way or form critiquing your own but including factors that must be known, but, however, adding to wha...Published: 20 Mar 2024 at 20:53hrs | 2 | by Nomazulu Thata
Exploring the World of Forex Trading in Zimbabwe with MetaTrader 5
Forex trading, the dynamic process of exchanging currencies, is becoming increasingly popular in Zimbabwe. The Forex market offers a viable platform as individuals and traders look for new o...Published: 19 Mar 2024 at 12:16hrs | 48 | by Staff Reporter
Matinyarare's 'Innscor has destroyed the taste of Zim food' comments cause consternation
If Zimbabwe Stock Exchange (ZSE)-listed food giant Innscor was hoping to avoid press scrutiny, it could hardly have chosen a more self-destructive path than seeking a gag order against journalist Rute...Published: 04 Mar 2024 at 21:20hrs | 1 | by Staff reporter
American economist wants Professor Mthuli Ncube to resign
American economist Steve Hanke has called for Finance Minister Mthuli Ncube to step down and acknowledge his failure in addressing Zimbabwe's economic woes.Hanke's remarks come in light of Zim...Published: 27 Feb 2024 at 04:48hrs | 1 | by Staff reporter
Hwange Colliery pays off US$350m debt
ZIMBABWE'S oldest coal producer, Hwange Colliery has repaid over US$350 million to creditors in fast-paced deals executed by external administrators since slipping into reconstruction over a year ago,...Published: 15 Dec 2023 at 07:52hrs | 1 | by Staff reporter
UK care work visas to Zimbabweans up 170% this year
The number of Zimbabweans who moved to the United Kingdom to do health and care work rose by 169% in the year to September, deepening the skills crisis in the country.Migration is rising as Zi...Published: 03 Dec 2023 at 20:41hrs | 10 | by Staff reporter
Gwanda New Court Complex nears completion
CONSTRUCTION of the Gwanda New Court Complex is 95 percent complete as the Second Republic continues to bring access to justice to communities.This was said by the Minister of Information, Pub...Published: 29 Nov 2023 at 08:47hrs | 11 | by Staff reporter
Zimdollar weakens by 0.75%
The Zimbabwean dollar (ZWL) experienced a slight 0.75% depreciation on the Reserve Bank of Zimbabwe's (RBZ) Foreign Exchange Auction this week. This was due to a substantial allocation of foreign curr...Published: 11 Oct 2023 at 06:30hrs | | by Staff reporter
Will the new ‘ZiG' ‘gold backed' digital currency alleviate Zimbabwe's currency stability woes?
THE chronic problem of Zimbabwe's economy has its roots in the land reform activities that began more than 30 years ago.The principle of ‘ethnic balance' in land ownership was fair. The prob...Published: 08 Oct 2023 at 08:02hrs | 1 | by John Mc Keown
Makhadzi trades shots with Zimbabwean artist Winky D over botched UK gig
A spat has emerged between South African musician Makhadzi and Zimbabwean artist Winky D after Makhadzi publicly criticised the Africa Music Festival UK for perceived sabotage during her performance....Published: 29 Aug 2023 at 10:36hrs | | by Staff reporter
DOP President threatens to ban 'omalayitsha', 'osiphatheleni'
LEADER of the opposition, Democratic Official Party (DOP), and presidential candidate in the forthcoming harmonized elections, Engineer Peter Wilson, has pledged to ban cross-border transporters popul...Published: 02 Aug 2023 at 18:10hrs | | by Staff reporter
CDC seeks owners of unclaimed ZSE shares
Chengetedzai Depository Company (CDC) says it is seeking to identify the owners of millions of dollars worth of unclaimed shares held in its Central Securities Depository (CSD).CDC is a digita...Published: 26 Jul 2023 at 06:36hrs | | by Staff reporter
Air Force to fine-tune training of staff in defence of Zimbabwe airspace
The Air Force of Zimbabwe will continue training its personnel to meet the requirements of contemporary threats, building competent and determined forces ready to serve and protect the country, its pe...Published: 20 Jul 2023 at 06:51hrs | 2 | by Staff reporter
'Greedflation' rocks Zimbabwe
THE ZW$ gained by 4,8% on the Reserve Bank of Zimbabwe Foreign Exchange Auction Tuesday amid concerns that most retailers remain reluctant to reduce prices of basic goods.A trading update rele...Published: 12 Jul 2023 at 08:13hrs | 2 | by Staff reporter
Remittances anchor Zimbabwean economy
THE World Bank recently released global diaspora remittance statistics, which show that expatriates from low and middle-income countries sent over US$647 billion to their home countries in 2022....Published: 07 Jul 2023 at 07:52hrs | 13 | by Victor Bhoroma
RBZ begins digital dollar dry-run
The Reserve Bank of Zimbabwe (RBZ) has begun a dry-run to test the feasibility of a digital currency backed by gold that will be accepted as a legal tender for peer to peer and peer to business transa...Published: 06 Jul 2023 at 17:23hrs | | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 12 | by Martin Majaji
Zimdollar in first time gain on RBZ Auction
THE ZW$ value firmed up by 8,6% on the Reserve Bank of Zimbabwe Auction platform , signalling improved widespread usage of the local currency on the back of the economy's swift response to economic me...Published: 28 Jun 2023 at 20:27hrs | | by Staff reporter
RBZ backs Pan-African payment, settlement system
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has thrown weight behind the Pan-African Payment and Settlement System, a cross-border, financial market infrastructure enabling payment system...Published: 21 Jun 2023 at 06:17hrs | 2 | by Staff reporter
Convergence of official and unofficial exchange rates possible, says IMF
THE International Monetary Fund has urged Zimbabwe to take further steps on currency reform after the southern African nation stopped short of free-floating its local dollar. The credibility a...Published: 14 Jun 2023 at 06:32hrs | 2 | by Staff reporter
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 2 | by Staff reporter
Zimdollar in record crash
THE Zimbabwe dollar tumbled by nearly 26% on the official market on Tuesday, the biggest collapse in one day since the auction system was introduced three years ago, while a government inquiry accused...Published: 25 May 2023 at 06:24hrs | | by Staff reporter
Mthuli Ncube rules out ditching Zimdollar
Zimbabwe plans to keep its local currency as legal tender, even as the US dollar is now the unit of choice for most transactions in the economy.The extensive use of US dollars doesn't concern ...Published: 22 Apr 2023 at 19:08hrs | 1 | by Staff reporter
Access Forex loses US$260K while 'laundering' money
HARARE - Financial services firm Access Forex was accused of money laundering in court on Thursday after it emerged the company hired an aspiring Zanu PF MP to make huge foreign payments on its behalf...Published: 14 Apr 2023 at 12:32hrs | 2 | by Staff Reporter
What draws the gold mafia to Dubai?
An Al Jazeera investigation shows how criminals use the city's pro-business policies to smuggle gold, clean dirty cash.https://www.youtube.com/watch?v=...Published: 06 Apr 2023 at 20:23hrs | 5 | by Al Jazeera Investigative Unit
CJ Raymond Zondo is a political charlatan, says KZN ANC
The ANC in KwaZulu-Natal says chief justice Raymond Zondo is playing opposition politics. Party secretary Bheki Mtolo on Tuesday ripped into Zondo's assertions that the government had betrayed...Published: 29 Mar 2023 at 09:05hrs | 2 | by Staff reporter
Zimbabwe cabinet approves TVET policy
Cabinet has approved the Zimbabwe National Technical and Vocational Education and Training (TVET) Policy, an all-encompassing framework that seeks to harmonise and standardise the coordination of lear...Published: 29 Mar 2023 at 06:50hrs | 17 | by Staff reporter
Zimbabwean lecturers told that their services are no longer required in SA
Several Zimbabwean and Lesotho lecturers on exemption permits that allow them to live and work in SA, have been told their services are no longer required by the Department of Higher Education (DHE)....Published: 17 Mar 2023 at 08:08hrs | 2 | by Staff reporter
Mthuli Ncube to headline London Zimbabwe capital markets conference
Finance and Economic Development Minister, Professor Mthuli Ncube, is next month expected to headline the Zimbabwe Capital Markets conference in London which seeks to showcase the opportunities and br...Published: 06 Mar 2023 at 05:14hrs | | by Staff reporter
When all friendship ceases!
Von Hornick's nine principles on National EconomyIn 1684, an Austrian lawyer-turned-civil servant, Philipp Wilhelm von Hornick, published nine principal rules of a National Economy.The...Published: 04 Mar 2023 at 07:57hrs | | by Jamwanda
Iranian innovation hubs for Zimbabwe
Zimbabwe's innovation and technology strategy will be boosted under plans for Iran's innovation and technology hub poised to open shop in Zimbabwe and undertake exchange programmes with Zimbabwean cou...Published: 01 Mar 2023 at 06:53hrs | | by Staff reporter
Zimbabwe ready to welcome 178 000 locals from South Africa
MORE than 178 000 Zimbabweans are expected back home from South Arica after the expiry of the Zimbabwe Exemption Permits (ZEP) in June this year.The imminent return of Zimbabweans, who have be...Published: 26 Feb 2023 at 09:12hrs | 13 | by Staff reporter
Zimbabwe to become Africa's Dubai
Zimbabwe plans to set up an offshore financial center in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment....Published: 25 Feb 2023 at 08:54hrs | 13 | by Staff reporter
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