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'Dismiss Biti's defamation plea'
Augur Investments has applied for the dismissal of Tendai Biti and MDC Alliance's plea to have the court stop them from paying the company US$1 million defamatory damages.The demand comes afte...Published: 11 hrs ago | 491 | by Staff reporter
Zimra launches witch-hunt
TOP Zimbabwe Revenue Authority (Zimra) executives are panicking over recent revelations by The NewsHawks of corruption involving the tax collector's multi-million-dollar whistle-blowing fund as they s...Published: 21 hrs ago | 2342 | by Staff reporter
Delta red-flags Zimbabwe policies
ZIMBABWE Stock Exchange (ZSE)-listed beverages manufacturer, Delta Corporation yesterday added its voice to growing concerns over policy inconsistency and currency volatility in the country, saying th...Published: 11 Jun 2021 at 07:39hrs | 781 | by Staff reporter
Sanctions: The unfair comparison between Zimbabwe and Rhodesia
MANY Zimbabweans often bring up the comparison between Rhodesian and Zimbabwean sanctions to drive the narrative that Rhodesia had more stringent sanctions that they managed better than Zimbabwe is ma...Published: 11 Jun 2021 at 06:35hrs | 564 | by Rutendo Bereza Matinyarare
Zimbabwe back to trillion-figure era
THE Reserve Bank of Zimbabwe (RBZ) says the value of transactions processed through the national payment systems hit the $1,24 trillion mark during first quarter of this year, rising by 9% from $1,13 ...Published: 09 Jun 2021 at 07:18hrs | 2607 | by Staff reporter
Farmers call for ban on private cattle sales
LIVESTOCK farmers from Matabeleland South Province have called on the Government to set a standard price for a beast and abolish private cattle sales as buyers are underpaying them for their animals....Published: 08 Jun 2021 at 06:36hrs | 539 | by Staff reporter
Business has learned nothing and forgot nothing
SO there was this prominent businessman-cum-pastor who was obsessed with religiously lampooning politicians as occultic during his daily sermons.Preaching from his moral high horse, the raboni...Published: 06 Jun 2021 at 09:50hrs | 84 | by Bishop Lazarus
Govt blocks Zanu-PF supporters' eviction
GOVERNMENT has blocked controversial tycoon Billy Rautenbach from evicting thousands of Zanu-PF supporters he accuses of illegally settling on his land in Harare's Aspindale area.Harare Metrop...Published: 05 Jun 2021 at 09:28hrs | 2324 | by Staff reporter
Short term risks for Zim economy
The Zimbabwean economy is expected to register modest growth this year after 2 years of successive decline when currency changes, high inflation, extreme weather conditions and COVID-19 downturn wreck...Published: 03 Jun 2021 at 20:26hrs | 688 | by Victor Bhoroma
Lawyer challenges SI127/2021 constitutionality
LAWYER Obey Shava yesterday filed a High Court application challenging the constitutionality of Statutory Instrument 127 of 2021 gazetted by government last week.SI127of2021 is seen as an atte...Published: 03 Jun 2021 at 07:07hrs | 753 | by Staff reporter
'New forex measures could trigger civil unrest'
WORKERS' representatives yesterday said the new foreign currency measures could trigger civil unrest as workers demand salary hikes to match the rising cost of living.Government last week prom...Published: 01 Jun 2021 at 08:11hrs | 2606 | by Staff reporter
Mnangagwa forex rules trigger chaos
President Emmerson Mnangagwa's move to introduce a host of changes that effectively banned the use of foreign currency in local transactions has left business in panic mode amid fears of steep price i...Published: 30 May 2021 at 09:14hrs | 5502 | by Staff reporter
RBZ comes up with parameters in motor vehicle clearance
THE Reserve Bank of Zimbabwe (RBZ) has come up with Exchange Control parameters for consideration in the motor vehicle clearance process in line with Statutory Instrument 89 of 2021 on licensing requi...Published: 30 May 2021 at 08:40hrs | 314 | by Staff reporter
New fines for forex abusers
New regulations have been gazetted to stamp out foreign currency abusers as treasury and the central bank seek transparency in business transactions.President Emmerson Mnangagwa has announced ...Published: 29 May 2021 at 20:52hrs | 960 | by Staff reporter
Zimbabwe gets backing in anti-sanctions war
ZIMBABWE scored big in its quest to have the punitive and illegal economic sanctions imposed by the West two decades ago removed after the United States' House of Representatives Committee admitted th...Published: 29 May 2021 at 08:09hrs | 560 | by Staff reporter
What are we really worth?
Recently I had breakfast with three friends and we were charged at the rate of ZW$115 to US$1 for our food, which was priced in US dollars.later I had coffee with another group of friends and ...Published: 28 May 2021 at 08:06hrs | 896 | by Eddie Cross
'Beitbridge project among top deals of the year'
The Global Trade Review, the global trade finance magazine, has named the US$296 million project to rebuild Beitbridge Border Post among its top 11 worldwide deals of the year.Global Trade Rev...Published: 28 May 2021 at 08:03hrs | 909 | by Staff reporter
Mnangagwa tightens screws on forex speculation
GOVERNMENT yesterday gazetted new regulations that criminalise the conduct of charging above the official exchange rate and refusing to take the Zimdollar in local transactions.Companies that ...Published: 28 May 2021 at 07:53hrs | 3883 | by Staff reporter
Identity theft a reality, be on high alert
IN the past few days, a crime alert message went viral on social media platforms warning of identity theft.The truth of the matter is, your identity can be stolen in so many different ways. To...Published: 27 May 2021 at 07:19hrs | 669 | by Jacob Kudzayi Mutisi
Why Mnangagwa doesn't want Justice Happias Zhou
REASONS why President Emmerson Mnangagwa strongly dislikes High Court Justice Happias Zhou - who led a brave judicial panel that dramatically blocked Justice Luke Malaba's controversial tenure extensi...Published: 26 May 2021 at 16:23hrs | 3060 | by Staff reporter
Multi-million dollar whistleblowing corruption scandal rocks Zimra
MASSIVE corruption - which has dragged on for years - is rocking the Zimbabwe Revenue Authority (Zimra)'s multi-million-dollar whistle-blower fund which the tax collector's senior officials are lootin...Published: 26 May 2021 at 16:23hrs | 3004 | by Staff reporter
Zuma says 'Not guilty' - nails CIA linked prosecutor
More than a decade after former president Jacob Zuma was served with an indictment accusing him of fraud and corruption, he was finally able to enter a plea at the Pietermaritzburg High Court on Wedne...Published: 26 May 2021 at 15:41hrs | 837 | by Des Erasmus
CBZ to list on Victoria Falls Stock Exchange
CBZ Holdings Ltd., the biggest bank in Zimbabwe, plans to list on the US dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the lender.The fi...Published: 22 May 2021 at 08:34hrs | 636 | by Bloomberg
Things to consider before buying or selling cryptocurrency
Cryptocurrencies came to offer solutions to the flaws in the current financial system. They create an alternative to the fiat currency that is digital, decentralized, and available for everybody; all ...Published: 18 May 2021 at 11:00hrs | 646 | by Staff Writer
Mutsvangwa's son in $600,000 dispute with bank
ONE of Information minister Monica Mutsvangwa's sons is embroiled in a dispute with Nedbank over "fraudulent" transactions where he allegedly lost over $617 700.Neville Mutsvangwa, through his...Published: 16 May 2021 at 09:58hrs | 3072 | by Staff reporter
Mupfumira, Masoka case deferred
THE case in which former Cabinet minister Prisca Mupfumira and ex-Public Service Commission permanent secretary Ngoni Masoka are charged with criminal abuse of office and concealing a transaction from...Published: 12 May 2021 at 06:38hrs | 392 | by Staff reporter
Mystery of Kuda Tagwirei's assets in Zimbabwe revival plan
In December, the government of Zimbabwe announced a multibillion-dollar project called Kuvimba Mining House Ltd. that would hold some of the nation's most valuable gold, platinum, chrome and nickel mi...Published: 11 May 2021 at 09:02hrs | 5969 | by Staff reporter
Zimbabwean banks in strong position to fund economy
Fundamentals in the financial services sector have improved over the past few years, with the sector poised to bankroll local economic activity, the central bank has said.Bank failures that pl...Published: 09 May 2021 at 08:01hrs | 160 | by Staff reporter
Privatization plans off rails
In November 2018, the Zimbabwean government set out a privatization plan to dispose completely and partially privatize over 23 state entities and parastatals (SEPs). According to the Auditor General R...Published: 07 May 2021 at 15:41hrs | 1119 | by Victor Bhoroma
ZimSwitch partners with Visa in ZImbabwe
Zimswitch, Zimbabwe's designated national switch and clearing house, has announced that it has partnered with Visa to help enable more Zimbabweans and businesses to make and receive secure and seamles...Published: 05 May 2021 at 15:26hrs | 1140 | by Agencies
UK sanctions scuttle ambulances export to Zimbabwe
CONTRARY to Western propaganda that sanctions do not affect ordinary Zimbabweans, a United Kingdom-based businessman was barred from purchasing medical equipment at an auction because of the punitive ...Published: 05 May 2021 at 07:36hrs | 3102 | by Staff reporter
Mupfumira approaches High Court for review
FORMER Cabinet Minister Prisca Mupfumira has approached the High Court seeking nullification of Chief Magistrate Mr Munamato Mutevedzi's ruling dismissing her application for separation of her trials ...Published: 04 May 2021 at 06:16hrs | 190 | by Staff reporter
Zacc investigator guns for police boss
AN investigator with the Zimbabwe AntiCorruption Commission (Zacc) and a junior police officer have slapped top cop, Senior Assistant Commissioner Erasmus Makodza with a $15 million defamation lawsuit...Published: 03 May 2021 at 06:22hrs | 1299 | by Staff reporter
RBZ to blacklist auction forex abusers
Importers that do not acquit bills of entry to prove proper use of foreign currency from the auction system shall be blacklisted, according to Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya....Published: 02 May 2021 at 08:50hrs | 140 | by Staff reporter
How blockchain is transforming Zimbabwe's economy
Zimbabwe is perhaps the first example that comes to anyone's mind when they think of failed states or economies. The country has been regularly making global headlines for the wrong reasons, with its ...Published: 28 Apr 2021 at 18:33hrs | 2760 | by Staff writer
National database for all farmers created
A comprehensive national database for all farmers, which will form the foundation of an enhanced Agriculture Information Management System (AIMS), is being set up by the Lands, Agriculture, Fisheries,...Published: 24 Apr 2021 at 07:05hrs | 273 | by Staff reporter
Grace Mugabe's huge daily cash withdrawals exposed
FORMER first lady Grace Mugabe allegedly made multiple United States dollar cash withdrawals amounting to US$300 000 per day in 2019 from her CBZ Bank account at a time ordinary Zimbabweans were allow...Published: 23 Apr 2021 at 07:31hrs | 12532 | by Staff reporter
Market welcomes forex auction relaxation
THE Reserve Bank of Zimbabwe has begun selling foreign currency to registered bureau de change to improve the accessibility of forex for small businesses."Pursuant to the resolution of the mon...Published: 23 Apr 2021 at 07:24hrs | 740 | by Staff reporter
'Bureaux de-change to bridge forex needs'
THE Reserve Bank of Zimbabwe (RBZ) has approved the selling of foreign currency to registered bureaux de-change operators for on-selling to their clients as part of measures to increase formal access ...Published: 22 Apr 2021 at 06:15hrs | 509 | by Staff reporter
Corruption bleeding health sector: TI-Z
CORRUPTION in the health sector has stifled service delivery despite the existence of many organisations that fight corruption, a report by Transparency International Zimbabwe (TI-Z) revealed yesterda...Published: 21 Apr 2021 at 07:04hrs | 160 | by Staff reporter
Zanu-PF MPs cry foul over forex accounts
Zanu-PF legislators say they are finding it increasingly difficult to conduct business because banks are rejecting their applications for foreign currency-dominated accounts citing sanctions by wester...Published: 18 Apr 2021 at 09:28hrs | 2033 | by Staff reporter
'Zanu-PF MPs blocking from opening nostro accounts'
BUHERA South MP, Joseph Chinotimba says he and some other Zanu-PF officials were struggling to find a bank that could allow them to open nostro accounts due to sanctions imposed on them by the United ...Published: 18 Apr 2021 at 08:55hrs | 365 | by Staff reporter
Zimra slammed over non-disclosure of US dollar revenue
ECONOMIC experts have slammed the Zimbabwe Revenue Authority (Zimra) over the non-disclosure of foreign currency revenues in its earnings.This is despite the fact that government published Sta...Published: 17 Apr 2021 at 16:24hrs | 769 | by Staff reporter
Mupfumira applies for separation of trial
FORMER Cabinet Minister Prisca Mupfumira has applied for separation of trial in a matter in which she is jointly charged with ex-Public Service Commission (PSC) permanent Secretary Ngoni Masoka on cor...Published: 16 Apr 2021 at 07:29hrs | 90 | by Staff reporter
EcoCash, WhatsApp fraud totals US$100 million
Criminals have been hacking EcoCash and WhatsApp accounts, using stolen identities of persons trusted by others in a WhatsApp group, offer US dollars at good rates, but after receiving the local curre...Published: 13 Apr 2021 at 06:20hrs | 350 | by Staff reporter
Mastercard and Network International Pioneering Africa's digital payment revolution
Civilization has transformed trading and commerce from the prehistoric means which involved barter trades facilitated by the item-to-item exchange. The discrepancies and inconsistencies of goods valu...Published: 12 Apr 2021 at 12:27hrs | 753 | by Staff Writter
We're coming for you: Mnangagwa warns financial sector sharks
GOVERNMENT is going to decisively deal with sharks in the financial sector who are profiteering at the expense of the public, President Mnangagwa has said. In an interview ahead of the country...Published: 12 Apr 2021 at 06:56hrs | 875 | by Staff reporter
FCB, Econet strike deal
FIRST Capital Bank (FCB) has introduced a WhatsApp banking chatbot and a billing system that allows Econet clients access to internet and mobile banking applications at no cost.The two innovat...Published: 09 Apr 2021 at 07:32hrs | 871 | by Staff reporter
Man steals corporate ATM card buys Honda Fit
A 38-YEAR-OLD Mvurwi man who stole a Nedbank corporate ATM card and withdrew $441 742 before purchasing a Honda Fit has been incarcerated by a Guruve magi...Published: 08 Apr 2021 at 22:10hrs | 1853 | by Simbarashe Sithole
Zimra beats revenue target
Government surpassed its revenue collections' target for the fourth quarter to December 2020 with five out of the 11 revenue heads performing above their quarterly targets while six heads performed be...Published: 07 Apr 2021 at 06:46hrs | 218 | by Staff reporter
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