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Plenty forex for exporters
BUSINESSES should lead by example by trading foreign currency on the interbank platform instead of rushing to the parallel market, a senior banker has said. Speaking at a ZimTrade export aware...Published: 09 Dec 2019 at 06:55hrs | 522 | by Staff reporter
RBZ urges IMF to ignore economic crisis
The Reserve Bank of Zimbabwe has asked the International Monetary Fund to overlook the country's shortcomings in achieving fiscal targets and allow a programme to help restore the economy to run its c...Published: 08 Dec 2019 at 11:57hrs | 503 | by Staff reporter
Fidelity printers, mining firm fight over equipment
Ilasha Mining (PVT) Limited together with the Fidelity Printers and Refineries (PVT) Limited are embroiled in a legal battle with a mining equipment supplier, Yakatala Trading (PVT) Limite...Published: 08 Dec 2019 at 11:18hrs | 137 | by Stephen Jakes
Chinese firm to set up hospital in Zimbabwe
A group of doctors here intend to build a hospital in Zimbabwe specialising in Chinese medicine and a feasibility study for the project will be done at the beginning of next year, renowned Chinese med...Published: 07 Dec 2019 at 12:10hrs | 444 | by Staff reporter
Zimbabwe needs commodities exchange markets
The recent revelations by the Zimbabwean government that the country loses over 30 tonnes of Gold (Worth around US$2 billion) to South Africa and other world markets, through smuggling every year are ...Published: 04 Dec 2019 at 10:14hrs | 785 | by Victor Bhoroma
Judgment night #Donga, Manyuchi in grudge fight
WHAT started as a simple WhatsApp banter between boxing superstar Charles "Busy Bee" Manyuchi and former champion Mordecai "Big Fish" Donga could end up being one of the biggest fights on the local sc...Published: 04 Dec 2019 at 09:25hrs | 1020 | by Staff reporter
Introduction of new currency a piecemeal solution
DURING the 2020 national budget presentation in Parliament last month, Finance minister Mthuli Ncube held up a note of the new Zimbabwe dollar and proudly announced that it was tough and resilient....Published: 04 Dec 2019 at 09:20hrs | 1108 | by Staff reporter
Zimbabwe imports US$1m meat from SA
Zimbabwe last year imported meat products from South Africa worth US$1 097 743 via Beitbridge Border Post. It is understood that the majority of the imports were poultry products. The Herald a...Published: 04 Dec 2019 at 09:00hrs | 292 | by Staff reporter
Zimnat launches ZFX Bureau de Change
One of the country's leading financial services providers, Zimnat, has launched its own bureau de change, ZFS Bureau de Change. The new outfit, which will be trading as ZFX Bureau de Cha...Published: 03 Dec 2019 at 21:54hrs | 178 | by Staff reporter
Significant decline in cash premiums: RBZ
THE Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has said the recent injection of new bank notes and coins into the system has resulted in significant decline in cash premiums. In ...Published: 03 Dec 2019 at 07:18hrs | 1977 | by Staff rpeorter
RBZ tightens monetary policy
The Reserve Bank of Zimbabwe (RBZ) says it will take measures to counter the threat of high and potentially inflationary money supply growth from the 2020 growth-oriented budget by maintaining a stran...Published: 03 Dec 2019 at 07:04hrs | 775 | by Staff reporter
Timothy Sykes scam and characteristics required for Penny Stock trading
Timothy Sykes Scam has been the most controversial topic on the internet for quite some time now. If you are in the trading world, there is no way you would not be familiar with Timothy sykes a...Published: 01 Dec 2019 at 11:27hrs | 841 | by Staff writer
Expired products on shop shelves, streets
EXPIRED products are finding their way into households as unscrupulous retailers are duping their clients, The Sunday Mail Society has established.Goods ranging from dairy products, beverages,...Published: 01 Dec 2019 at 05:49hrs | 237 | by Staff rpeorter
RBZ to roll out interbank e-trading platform
Monetary authorities are looking to enhance the efficiency of the foreign exchange interbank market by introducing a new electronic trading platform.The interbank market was introduced this Fe...Published: 01 Dec 2019 at 05:49hrs | 147 | by Staff rpeorter
Bread prices go up again
THE prices of bread have gone up to $18 from $14 a loaf, further putting pressure on already overburdened consumers who are struggling to put food on the table due to the escalating prices of basic go...Published: 30 Nov 2019 at 11:49hrs | 1511 | by Staff reporter
Edgars spreads wings as Power Sales quits Zimbabwe
CLOTHING retailer, Edgars Stores Limited, has unveiled plans to expand its branch network countrywide with Kadoma and Chegutu as main targets. The Bulawayo-headquartered firm operates Edgars o...Published: 27 Nov 2019 at 06:21hrs | 1506 | by Staff reporter
Bulawayo councillors angry at slow pace of Egodini
Bulawayo Councillors are angry at the slow pace in which Egodini Mall project is taking shape, saying the first phase should have been ready for commissioning this November.However from the lo...Published: 26 Nov 2019 at 20:01hrs | 4629 | by Staff reporter
Mnangagwa fast-tracks Dubai deals
PRESIDENT Emmerson Mnangagwa's government has said it will soon fast-track paperwork for construction of an upmarket hotel for his business partners from the United Arab Emirates (UAE) and ensure exte...Published: 25 Nov 2019 at 06:59hrs | 1634 | by Staff reporter
'Cross-border traders to declare forex sources'
PRESIDENT Emmerson Mnangagwa's government is headed for another clash with cross-border traders and ordinary citizens after announcing plans to compel travellers to disclose their source of foreign cu...Published: 24 Nov 2019 at 17:23hrs | 3973 | by Staff reporter
MPs in near fist-fight over Command Agric
TEMPERS flared yesterday as legislators nearly fought each other when Chegutu MP Dextor Nduna (Zanu PF) and his Mberengwa North counterpart, Tafanana Zhou disrupted a Public Accounts Committee meeting...Published: 24 Nov 2019 at 17:22hrs | 1469 | by Staff reporter
Matebeleland switches to rand amid currency turmoil
As the government celebrates the transition from the multi-currency regime to a mono-currency system as one of its successes towards currency reforms, it is a different situation altogether in rural M...Published: 24 Nov 2019 at 14:38hrs | 1529 | by Staff reporter
Indian power giant eyes Zimbabwe
ZIMBABWE'S efforts to resolve a crippling power shortage have received a major boost after India's largest power services company, NPTC Limited, expressed interest in building a 100-megawatt&nbs...Published: 24 Nov 2019 at 14:04hrs | 374 | by Staff reporter
Tough forex controls loom
Importers will soon be required to declare the legal source of their foreign currency under legislation being drafted, as Government takes measures to kill the black market. Those who fail to ...Published: 23 Nov 2019 at 06:38hrs | 1139 | by Staff reporter
RBZ raids US$3,2bn in depositors' funds
THE Reserve Bank of Zimbabwe (RBZ) raided depositors' accounts, wiping out US$3,2 billion in the process, before introducing bond notes in 2016 and eventually outlawing the use of foreign currency in ...Published: 22 Nov 2019 at 18:07hrs | 5379 | by Staff reporter
Egodini project misses target
BULAWAYO councillors are unhappy with failure by the developer to complete the first phase of the Egodini project by this month-end and are now piling pressure to ensure that all works are completed w...Published: 22 Nov 2019 at 09:20hrs | 2525 | by Staff Reporter
JETGATE: 'Mnangagwa uses luxury jet to loot diamonds and foreign currency'
President Emmerson Mnangagwa seemingly sensing his imminent boot from power, is allegedly involved in grand looting of the country's scarce foreign currency coffers and resources using his chain of hi...Published: 22 Nov 2019 at 07:37hrs | 13230 | by Mary-Kate Kahari
Why Mnangagwa has failed to improve the economic prospects of Zimbabwe?
It is now more than two years since President ED Mnangagwa assumed power with an ostensible mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, RG Muga...Published: 21 Nov 2019 at 21:03hrs | 575 | by Martin
Chamisa and Mnangagwa's MPs reducing Second Republic into one big circus
THE animosity between the two political adversaries, the ruling Zanu PF party and the opposition MDC, who have perpetually been trading barbs in Parliament, has now degenerated into a farce and turned...Published: 18 Nov 2019 at 18:50hrs | 2837 | by NewsDay Comment
Zimra embarks on an imported vehicle verification exercise - check for your name
The Commissioner-General of the Zimbabwe Revenue Authority has notified the owners of vehicles that were imported in unclear circumstances to visit ZIM RA Loss Control Offices at ZB Centre corner Firs...Published: 17 Nov 2019 at 10:39hrs | 8206 | by Ndou Paul
Zimbabwe to turn Victoria Falls into regional financial centre?
VICTORIA Falls should be turned into a regional financial centre for the Southern African Development Community as its tourism facilities mean it can attract the right clientele that can push the indu...Published: 17 Nov 2019 at 05:25hrs | 488 | by Staff reporter
Mnangagwa threatens cash barons
Zimbabwe's economy will rebound next year, as Government has set a solid foundation for growth despite being plagued by the worst drought in four decades in the 2018/2019 season, President Emmerson Mn...Published: 17 Nov 2019 at 05:25hrs | 624 | by Staff reporter
Mnangagwa says economy to rebound in 2020
Zimbabwe's economy will rebound next year, as Government has set a solid foundation for growth despite being plagued by the worst drought in four decades in the 2018/2019 season, President Emmerson Mn...Published: 17 Nov 2019 at 05:20hrs | 176 | by Staff reporter
Zimdollar and the quest for redemption
A NEW currency is in town and this week we witnessed its physical manifestation exactly four-and-a-half months after its official return. Since February, however, the near-return was almost predictabl...Published: 15 Nov 2019 at 06:18hrs | 151 | by Respect Gwenzi
RBZ investigates banks over new currency
The Ministry of Information Publicity and Broadcasting Services has announced that government through the Reserve Bank of Zimbabwe is investigating allegations of abuse of newly released bank notes. ...Published: 14 Nov 2019 at 08:02hrs | 5223 | by Mandla Ndlovu
Huge demand for cash
Depositors, who formed long queues at banks and building societies, were withdrawing new coins and notes yesterday after the Reserve Bank of Zimbabwe (RBZ) released the first $30 million on Monday, bu...Published: 13 Nov 2019 at 06:25hrs | 752 | by Staff reporter
Zimbabweans angered by $300 bank withdrawal limits
Zimbabweans finally got access to new low-denomination currency on Tuesday that authorities hope will end chronic cash shortages, but banks maintained an existing weekly withdrawal limit of $300 (US$2...Published: 12 Nov 2019 at 18:08hrs | 4023 | by Staff reporter
Gweru forex dealer acquitted
A 35-YEAR-OLD Gweru man was last week acquitted on charges of illegally dealing in foreign currency.Paradzanai Hamanu of Mkoba 11 appeared before magistrate Edwin Marecha facing a charge of il...Published: 12 Nov 2019 at 07:18hrs | 811 | by Staff reporter
Fuel prices increase
The Zimbabwe Energy Regulatory Authority (ZERA) yesterday announced fuel price increases of 11 cents and 10 cents for petrol and diesel, respectively. The price of petrol which was at $16,66 p...Published: 11 Nov 2019 at 06:23hrs | 2387 | by Staff reporter
Inflation out of control: Guvamatanga
Finance ministry permanent secretary George Guvamatanga has revealed that the government is not considering removing the 2% tax on mobile transactions despite criticism that it is fuelling inflation....Published: 10 Nov 2019 at 08:46hrs | 915 | by Staff reporter
Zimbabwe study proposes sanctions-busting measures
GOVERNMENT should intensify re-engagement with the West and pursue trade with fellow African countries, Latin America and Asia to counter and minimise the damaging impact of sanctions, a study by loca...Published: 10 Nov 2019 at 08:29hrs | 199 | by Staff reporter
China tells Zimbabwe President to resign or retire
This article was first published on Spotlight Zimbabwe. PARIS/CAPE TOWN - President Emmerson Mnangagwa, has all...Published: 08 Nov 2019 at 07:41hrs | 64024 | by Itai Mushekwe/Mary-Kate Kahari
Sanctions on Zimbabwe - Not as simple as many think
IF one wishes to understand the issue of Western sanctions on Zimbabwe, they first have to stop thinking in binary terms by assuming that the restrictive measures affect only a few people, or that the...Published: 08 Nov 2019 at 05:16hrs | 921 | by Zechariah Mushawatu
Delta Beverages lager volumes plunge 40%
Listed beverages brewer, Delta Corporation Limited (Delta) has reported a 48% tumble in lager beer volumes during the half year period ending September 2019, as the bluechip company continues to feel ...Published: 07 Nov 2019 at 05:48hrs | 511 | by Staff reporter
Mthuli Ncube vows to defend Zimdollar
Finance and Economic Development Minister Professor Mthuli Ncube, has vowed to defend the stability and value of the Zimbabwe dollar against other (especially major) currencies to address concerns ove...Published: 06 Nov 2019 at 11:30hrs | 1775 | by Staff reporter
Starting a Business Abroad? Here's How to Prepare
Opening either a new business or a new branch of an existing business overseas is a major undertaking, regardless of who you are. If you don’t prepare properly, expanding your business can be it...Published: 04 Nov 2019 at 18:47hrs | 1476 | by Staff Writer
Prominent gold dealer guns down gold panner
A prominent gold dealer in Bindura, Kudzanai Kangara, recently shot dead a gold panner at his offices in the same town following an altercation in the trading of the gold.Unconfirmed reports a...Published: 04 Nov 2019 at 06:41hrs | 3396 | by Staff reporter
Interbank rate stable in October
The Zimbabwe dollar remained largely stable in the month of October, with the interbank foreign exchange rate shifting by a marginal 3,1 percent from 15,1979 to the United States dollar on September 3...Published: 04 Nov 2019 at 05:47hrs | 974 | by Staff reporter
'We're going to improve lives of our people,' says Mthuli Ncube
Zimbabweans are bearing the brunt of soaring prices of basic commodities and cash shortages. They are also worried about the continued loss of value of the Zimbabwe dollar. To date, Government's auste...Published: 03 Nov 2019 at 06:35hrs | 646 | by Staff reporter
It's proper bank notes, not new currency
Many could have mistaken plans by the Reserve Bank of Zimbabwe (RBZ) to introduce new notes and coins next week for the introduction of a completely new currency which is not the Zimbabwe dollar....Published: 03 Nov 2019 at 06:34hrs | 686 | by Staff reporter
Mujuru property goes under the hammer
FORMER vice president Joice Mujuru's combine harvester worth over US$200 000 is set to go under the hammer on Wednesday after the High Court recently removed from the roll her application challe...Published: 02 Nov 2019 at 13:35hrs | 3648 | by Staff reporter
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