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'Zimbabwe to issue cash notes soon'
Zimbabwe will issue new notes and coins soon to replace the country's quasi currency that was introduced three years ago in a failed attempt to counter a crippling shortage of cash and that's pushed i...Published: 2 hrs ago | 1384 | by Bloomberg
Famous women in the gambling industry
It is no secret that the first gambling (or their prototypes) appeared thousands of years ago. They became popular and later spread to other continents with seafarers and merchants. At that moment, co...Published: 5 hrs ago | 315 | by Staff Writer
Forex payments for forex contracts, says Zimbabwe Court
In a land mark ruling that could have far reaching consequences, a Mutare High Court judge, Justice Isaac Muzenda has ordered that a 2016 contract be settled in US dollars.The recent judgment ...Published: 19 Aug 2019 at 18:23hrs | 4477 | by Staff reporter
SADC leaders 'united and emphatic on removal of sanctions' - what do they know, sanctions are staying
In an exclusive interview with ZBC News on the sidelines of the ongoing 39th SADC Summit in Tanzania President Mnangagwa said he is pleased with the fruitful discussions at the summit regarding issues...Published: 19 Aug 2019 at 11:27hrs | 391 | by Nomusa Garikai
AU, UN to hear SADC position on sanctions, says Mnangagwa
President Emmerson Mnangagwa says the unity among SADC member states regarding the removal of sanctions imposed on Zimbabwe is humbling with the agreement set to be communicated to the African Union f...Published: 18 Aug 2019 at 15:24hrs | 2016 | by Staff reporter
Mthuli Ncube has a plan, but is it gobbledegook?
Zimbabwean finance minister Mthuli Ncube has laid out a plan to end the nation's two-decade stand-off with international creditors and has dismissed rapidly accelerating inflation as "wage compression...Published: 17 Aug 2019 at 11:08hrs | 4103 | by Bloomberg News
Zimbabwe cash crisis spirals out of control
IT is an August morning in Harare. Winter winds are blowing cold. Samuel braves the cold, wakes up at 3am from his Kuwadzana home and treks to the central business district to look for cash at the ban...Published: 15 Aug 2019 at 07:28hrs | 951 | by Staff greporter
Fact-checking Mthuli Ncube
"It's early days, we just introduced the new currency regime a little over a month ago, so it (the new currency) is trying to find its way, it is trying to find equilibrium; it will get there and clos...Published: 15 Aug 2019 at 07:27hrs | 1164 | by Staff reporter
Technology has transformed financial trading for investors
Whether you are a retail or institutional investor planning to buy equities, property, currencies, commodities or futures in the coming months, technology will play a vital role in your attempts to al...Published: 13 Aug 2019 at 14:34hrs | 623 | by Staff Writer
Economic reforms are necessary, says Mnangagwa
Economic reforms being undertaken by Government are necessary to guarantee sustainable development and prosperity for the country and efforts should now be on national peace, unity and increasing prod...Published: 13 Aug 2019 at 07:12hrs | 322 | by Staff reporter
Interbank trades hit US$5m daily
Over US$5 million is now being traded daily on the interbank foreign exchange market as business confidence on the platform continues to grow. President Mnangagwa revealed these statistics in ...Published: 13 Aug 2019 at 07:07hrs | 520 | by Staff reporter
Mnangagwa admin scores high on investment drive
THE Government's decision to rescind indigenisation laws which made the country unpleasant to foreign direct investment has seen the drive to attract investment registering significant gains, Presiden...Published: 12 Aug 2019 at 07:54hrs | 231 | by Staff reporter
Injiva's million dollar bet on Tsholotsho
OWEN Sibanda's childhood was typical of thousands that grow up in Tsholotsho, one of the poorest districts in Matabeleland South province.He walked at least 18km to and from school every day a...Published: 11 Aug 2019 at 11:27hrs | 3363 | by Staff reporter
Nedbank fires 28 tellers over US$1m fraud
Nedbank Zimbabwe has fired 28 employees for their alleged involvement in an alleged foreign currency scam, which cost the financial institution US$1,1 million.The bank employees, mostly teller...Published: 11 Aug 2019 at 11:23hrs | 1216 | by Staff reporter
Zimbabwe reaches 'tipping point'
ZIMBABWE'S Finance minister Mthuli Ncube responded to the country's worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little p...Published: 10 Aug 2019 at 11:47hrs | 1816 | by Antony Sguazzin, Prinesha Naidoo and Ray Ndlovu
BCC councillors bribed by Harare parking company, under probe
BULAWAYO City Council (BCC) is investigating councillors implicated in a recent bribery junket in the capital to influence the tender process of the city's parking management.Mayor Solomon Mgu...Published: 09 Aug 2019 at 15:15hrs | 758 | by Staff reporter
Chamisa's MDC councillors sell Bulawayo to Harare
A SHOWDOWN is looming at the Bulawayo City Council after councillors ignored advice from council management and instead ordered council to go ahead with the implementation of a controversial parking m...Published: 09 Aug 2019 at 07:23hrs | 471 | by Staff reporter
Potraz approves 182% tariff spike
Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has approved an adjustment in voice tariffs for mobile network operators in a move analysts and market players believe will help...Published: 09 Aug 2019 at 07:18hrs | 477 | by Staff reporter
BCC to cull horses, as it runs out of pasture
THE Bulawayo City Council (BCC) has resolved to cull nearly two dozen of its horses citing overpopulation and lack of pastures, a development likely to anger animal rights activists.The cullin...Published: 06 Aug 2019 at 07:42hrs | 1706 | by Staff reporter
Budget tinkering will not solve Zimbabwe crisis
In an economy with inflation nearing 200% a year, budget figures come with severe health warnings as Finance Minister Mthuli Ncube can attest. His presentation on August 1 was his third in nine months...Published: 05 Aug 2019 at 07:42hrs | 1500 | by The Source
Mthuli Ncube closes illegal forex tap on mobile money
THE transfer of funds from mobile money transfer agents to recipients will now be subjected to taxation as Treasury moves to plug out rampant illegal foreign currency deals being conducted via the cas...Published: 03 Aug 2019 at 09:44hrs | 3768 | by Staff reporter
Mthuli Ncube confirms new grand fiscal heist
FINANCE minister Mthuli Ncube yesterday unwittingly confirmed government committed a grand US$7 billion fiscal heist - by design or accident - when it banned without warning the multi-currency system ...Published: 02 Aug 2019 at 15:17hrs | 3349 | by Staff reporter
Prices of goods set to skyrocket
FINANCE minister Mthuli Ncube yesterday announced a three-fold increase in electricity tariffs and raised tax on fuel imports in addition to raising the cost of obtaining government services in a midt...Published: 02 Aug 2019 at 08:13hrs | 4570 | by Staff reporter
Mthuli Ncube piles more misery
FINANCE minister Mthuli Ncube yesterday announced a three-fold increase in electricity tariffs and raised tax on fuel imports in addition to raising the cost of obtaining government services in a midt...Published: 02 Aug 2019 at 08:04hrs | 1853 | by Staff reporter
Donald Trump gets his wall at last - but it's in Zimbabwe
Frustrated by Democrats from fulfilling a campaign pledge to build a wall along the southern US border, President Donald Trump is getting his way regardless. The only downside for the president is tha...Published: 01 Aug 2019 at 16:47hrs | 9636 | by Bloomberg
Mthuli Ncube to unveil new measures
Finance and Economic Development Minister Mthuli Ncube is today expected to present his 2019 Mid-Term Budget Review Statement, amid high expectations for measures to improve disposable incomes, boost ...Published: 01 Aug 2019 at 09:13hrs | 1086 | by Staff reporter
New fuel prices announced
The Zimbabwe Energy Regulatory Authority has announced the new prices of fuel effective 30 July 2019.In a statement ZERA said the changes in the fuel prices are due to the FOB price movements....Published: 30 Jul 2019 at 15:37hrs | 8646 | by Mandla Ndlovu
Zesa to reduce load shedding to 8 hours from 16 hours
THE Zimbabwe Electricity Supply Authority (Zesa) is expected to reduce its load shedding to at least eight hours from the current 16 hours after treasury made available an additional 200MW through the...Published: 29 Jul 2019 at 20:26hrs | 17801 | by Staff reporter
Why choosing the right forex broker is crucial to success
Forex trading online has become hugely popular across the globe in recent years. It's easy to see why it has taken off in such a way: social trading platforms provide access to financial products for ...Published: 29 Jul 2019 at 12:30hrs | 1279 | by Staff Writer
Malema worried about Zimbabwe
Economic Freedom Fighters (EFF) leader Mr Julius Malema has called on the South African government to support Zimbabwe's economic transformation, which is now in full swing. Mr Malema said thi...Published: 29 Jul 2019 at 07:36hrs | 1354 | by Staff reporter
Harare Mayor defends taking over Bulawayo
HARARE mayor Herbert Gomba has said there is nothing wrong with City Parking being given a parking management tender by Bulawayo City Council (BCC), as the two local authorities have a long working re...Published: 27 Jul 2019 at 16:33hrs | 4585 | by Staff reporter
Derek Hanekom's wife was a Zimbabwean spy?
Details of a major spy case - involving allegations of South African destabilisation of its neighbours so sensitive that the government did not want it mentioned even in an in camera court - emerged t...Published: 26 Jul 2019 at 10:12hrs | 18922 | by Weekly Mail Reporter
Zimbabwe receives $3bn foreign currency inflows
ZIMBABWE has received about $3 billion foreign currency inflows in the first half of the year and stands a chance to generate more through increased exports.Reserve Bank Governor Dr John Mangu...Published: 26 Jul 2019 at 08:48hrs | 1050 | by Staff reporter
China wants military chiefs to head new interim Zimbabwe government
BERLIN/PRETORIA - China reportedly wants the country's military chiefs to run and head a new interim Zimbabwe government between 2020-2023 when fresh presidential and parliamentary elections are...Published: 26 Jul 2019 at 07:54hrs | 14340 | by Itai Mushekwe/Mary-Kate Kahari
Closed banks: Depositors to be compensated in Zimdollars
GOVERNMENT has instructed its insurer to compensate holders of nostro accounts in closed banks in either US dollars or the equivalent in local currency, it was revealed.Currently, the Deposit ...Published: 24 Jul 2019 at 08:20hrs | 1364 | by Staff reporter
More turn to suicide as economic hardships bite
During the early seventies it was taboo to come across a person who had killed himself but now it is a norm in Zimbabwe. As the country plunges deeper into economic turmoil more people are committing ...Published: 23 Jul 2019 at 14:36hrs | 1072 | by Makho Precious Moyo
How professionals predict stock market moves
For more than 130 years traders have been trying to find effective ways to predict the movement of the stock market. There are, literally, hundreds of different so-called "indicators" that professiona...Published: 23 Jul 2019 at 07:11hrs | 465 | by Staff Reporter
Zimbabwe: It is time to panic, a little
I THINK it was 1992, the season started badly and as it progressed the heat increased until we were experiencing temperatures over 50 degrees Celsius in the lowveld. We had a business there and my son...Published: 22 Jul 2019 at 08:15hrs | 4194 | by Eddie Cross
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 | 5335 | by Staff reporter
Mthuli Ncube needs to work his magic on inflation
ECONOMIC analysts expect Finance and Economic Development Minister Professor Mthuli Ncube to announce new measures to contain and bring Zimbabwe's galloping inflation under control when he presents hi...Published: 21 Jul 2019 at 10:03hrs | 596 | by Staff reporter
'Zimdollar return will yield stability'
CLOTHING retailer, Edgars Stores Limited, expects the re-adoption of the Zimbabwean dollar as the sole currency of exchange to bring stability in the country's economy.The group has said its y...Published: 18 Jul 2019 at 09:30hrs | 3095 | by Staff reporter
Illegal forex vending sucks in cops
GOVERNMENT efforts to eliminate illegal foreign currency dealers from the streets of Harare are being hampered by the involvement of some unscrupulous police officers in the illicit trade, The Herald ...Published: 18 Jul 2019 at 07:39hrs | 1562 | by Staff reporter
Mangudya to review bank withdrawal limits next week
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya said next week the central bank will review upwards bank withdrawal limits that have been pegged at $300 per week for over a year now. ...Published: 18 Jul 2019 at 07:38hrs | 1268 | by Staff reporter
Lessons from Singapore on economic development
Singapore is a tiny island-city state in Southeast Asia with a total area of 718km2 (543 times smaller than Zimbabwe) and part of the four Asian Tigers (Others include Hong Kong, Taiwan and South Kore...Published: 15 Jul 2019 at 09:56hrs | 1321 | by Victor Bhoroma
Mthuli Ncube's reforms trigger new cash crisis?
A revealing editorial in today's Herald says SI 142/19, which hastily scrapped the multi-currency system & prematurely introduced a non-existent Zimbabwe dollar as the sole legal tender in the cou...Published: 15 Jul 2019 at 09:44hrs | 7134 | by Staff reporter
Zimbabwe's Gems thrash Northern Ireland
It was yet another thrilling encounter at the Liverpool arena in Liverpool England, where Zimbabwe 's netball team the "Gems" locked horns with Northern Ireland's "Warriors" in their group A third and...Published: 14 Jul 2019 at 22:43hrs | 2961 | by Daniel Itai
600 000l fuel disappears
Auditor General (AG) Mildred Chiri has expressed concern over the disappearance of a donation of 600 000 litres of fuel by a South African company.The fuel was meant to transport prisoners, bu...Published: 14 Jul 2019 at 14:56hrs | 1609 | by Staff reporter
Edgars Stores ups interest rates
Edgars Stores Limited says it is in the process of increasing interest rates charged on customer accounts due to inflation and increased cost of borrowing.In a trading update at the company's ...Published: 14 Jul 2019 at 14:55hrs | 534 | by Staff reporter
'Dollarisation failed to create jobs in Zimbabwe'
While Zimbabwe registered remarkable economic growth during the multi-currency era, the period dismally failed to generate significant formal jobs, research findings 5released by the Reserve Bank of Z...Published: 12 Jul 2019 at 18:57hrs | 826 | by Staf reporter
Getting Zimbabwe back on track
IT is extremely frustrating to sit on the sidelines of this game we are all playing called "getting Zimbabwe back on track".We are doing so many of the right things, our team is looking much b...Published: 12 Jul 2019 at 09:16hrs | 3228 | by Eddie Cross
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