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Zimbabwe has voluntarily become the 10th province of South Africa
After protracted and emotional denials by Zanupf leaders that Zimbabwe is a country in crisis, masses of Zimbabweans that were stuck at Beitbridge border post a few weeks ago exposed Zimbabwe not only...Published: 21 Jan 2021 at 13:34hrs | 2699 | by Israel Dube
Zimdollar maintains momentum
The Zimbabwe dollar was virtually unchanged against the US dollar, although firming by a very marginal 0,01 percent to $82,08 from $82,09 to the greenback after yesterday's central bank auction. ...Published: 20 Jan 2021 at 06:43hrs | 435 | by Staff reporter
Exchange control regulations and export growth
The monetary policy committee for the Reserve Bank of Zimbabwe (RBZ) issued a circular with changes to export surrender requirements on the 7th of January 2021. The changes include immediately removin...Published: 20 Jan 2021 at 06:30hrs | 109 | by Victor Bhoroma
Chinese miner attacks employees for demanding last year's dues
TWO mine workers at the Fools Investment Mine in Hope Fountain, which is just outside Bulawayo, were last Saturday assaulted by their Chinese employer after theydemanded payment of their outstandi...Published: 19 Jan 2021 at 07:36hrs | 1200 | by Staff reporter
Floods hit Gweru
Residents in several Gweru city suburbs are beginning to move out of their houses to safer places after most of the homes were hit by flash floods this afternoon.Property running into hundreds...Published: 18 Jan 2021 at 18:52hrs | 3130 | by Staff reporter
What caused the 50% plunge in Zimbabwe's fuel import bill?
ZIMBABWE'S fuel import bill fell by more than 50% in 2020, from US$1,2 billion the previous year.Figures recently released by the Zimbabwe National Statistics Agency (ZimStat), capturing data ...Published: 18 Jan 2021 at 06:03hrs | 1408 | by Staff reporter
Mnangagwa's govt disowns Oppah Muchinguri
THE government has been left embarrassed after one of its top most government officials, Defence Minister Oppah Muchinguri-Kashiri created a diplomatic headache for Zimbabwe by accusing China of creat...Published: 17 Jan 2021 at 09:42hrs | 9513 | by Staff reporter
'Zimbabwe inflation fall no cause for celebration'
ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high."The ...Published: 15 Jan 2021 at 07:49hrs | 579 | by Staff reporter
MDC Alliance activists' arrests 'ploy for sanctions renewal'?
Recent allegations of targeted arrests and human rights abuses in the country have been described as a ploy by opposition linked political activists to influence the outcome of a sanctions review proc...Published: 14 Jan 2021 at 21:12hrs | 1535 | by Staff reporter
Hydro-politics depriving Bulawayo and Matebeleland of water
MORE than a century ago in 1912, the people of Matebeleland and Bulawayo regions were promised that they will draw water from the Zambezi River, through the Matebeleland Zambezi Water Project (MZWP)....Published: 14 Jan 2021 at 11:56hrs | 731 | by Staff reporter
Zimbabwe cuts fuel import bill
Latest fuel imports statistics have justified government's move to scrap subsidies, with analysts happy that the development managed to save the country a lot in foreign currency and plugged arbitrage...Published: 13 Jan 2021 at 15:54hrs | 1935 | by Staff reporter
Covid-19 allowances for civil servants extended
THE Government has announced the reintroduction of the US$75 a month Covid-19 allowance for all civil servants, while pensioners will get US$30. President Mnangagwa's administration introduced...Published: 13 Jan 2021 at 07:47hrs | 411 | by Staff reporter
Zimbabwe to introduce new banknotes soon
THE Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denomination banknotes to increase physical money supply, curb cash shortages and improve transacting convenience.Aut...Published: 10 Jan 2021 at 07:52hrs | 987 | by Staff reporter
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | 513 | by Victor Bhoroma
Unions ditching dialogue over US$ pegged wages
LABOUR Minister Paul Mavima has criticised unions for pulling out of a dialogue process following a deadlock over demands by workers to be awarded US dollar-based wages.The Zimbabwe Congress o...Published: 06 Jan 2021 at 06:49hrs | 827 | by Staff reporter
My heart is in Zimbabwe!
As we pass from the year 2020, let us establish some homegrown truths about ourselves as Zimbabweans.While I will challenge our readers to this debate, on penalty of paying a fine of a goat if...Published: 03 Jan 2021 at 07:49hrs | 929 | by Ken Mufuka
High inflation drives cost of living
USAID food security arm, FEWS NET, says the cost of living in rural and urban areas continues to increase mainly driven by high inflation. In FEWS NET's December 2020 report, the food security organis...Published: 03 Jan 2021 at 07:43hrs | 435 | by Staff reporter
Zimbabweans see gloomy 2021
ZIMBABWEANS are not enthused about the New Year, 2021, and see no improvement in the social, economic and political problems that bedevilled the country throughout 2020.Most people entered January...Published: 01 Jan 2021 at 07:45hrs | 320 | by Staff reporter
Xmas rush exposes banks
A STEEP rise in demand for liquid cash experienced during the Christmas period exposed weaknesses in Zimbabwe's electric money strategy, a NewsDay Business survey revealed. Clients said electr...Published: 01 Jan 2021 at 07:39hrs | 738 | by Staff reporter
Chamisa controlled HCC hit by fresh corruption scandal
THE Harare City Council (HCC) has been hit by a fresh corruption scandal after a tender to supply 10 000 Tyvek Covid-19 protective overalls worth ZW$51 520 000 was awarded without going to tender to a...Published: 31 Dec 2020 at 11:03hrs | 924 | by Staff reporter
Big brands troop into Victoria Falls facility
A STRING of the country's big brands, including fast food outlets, has stampeded into Zimre Property Investments' Sawanga Mall in Victoria Falls, helping the top end real estate gem notch 95% occupanc...Published: 28 Dec 2020 at 07:32hrs | 1211 | by Staff reporter
Militant teachers group claims negotiating partner bribed by Mnangagwa govt
PROGRESSIVE Teachers union of Zimbabwe (PTUZ) president Takavafira Zhou has accused leaders of the Apex Council of accepting government bribes to weaken their resolve to continue pressing for improved...Published: 26 Dec 2020 at 08:52hrs | 1447 | by Staff reporter
Heavy rains collapse city road network
BULAWAYO'S road network has collapsed following heavy rains that are being experienced in the city and elsewhere across the country and council needs approximately US$500 million to fix them. ...Published: 24 Dec 2020 at 05:07hrs | 1807 | by Staff reporter
Economic growth stimulus precedes taxation
Zimbabwe's 2021 national budget paints a picture of sustained austerity in the mid-term, with increases in taxes for various sectors of the depressed economy. A 126% jump in budgeted tax revenue colle...Published: 22 Dec 2020 at 19:28hrs | 374 | by Victor Bhoroma
Zimdollar depreciates
Parallel market Zipit rates have held steady within the 110-115 range although it seems that volume sellers were scarce within the past couple of days. At the same time, the local currency slipped aga...Published: 22 Dec 2020 at 17:40hrs | 2582 | by Staff reporter
Can the South African Rand Hold its Position Against the Greenback?
The South African rand remains one of the poster boys for emerging currencies across the globe, and like many of its contemporaries it has experienced a highly turbulent 2020.For example, the ...Published: 22 Dec 2020 at 17:22hrs | 1391 | by Staff writer
'Demand Arrest Of Chicken Thieves Not Wildlife Poachers' - Animal Rights Tell Africans
One of the most curious and harmful lessons that Western animal rights groups continue to teach African rural communities co-existing with wildlife and the African public, in general, is 'demand the a...Published: 22 Dec 2020 at 12:54hrs | 1310 | by Emmanuel Koro
RBZ clarifies use of USD
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback. This comes a...Published: 22 Dec 2020 at 06:40hrs | 534 | by Staff reporter
RBZ urged retailers to accept torn and soiled US$ bank notes
THE Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya has urged retailers and other traders to accept both old and worn out US dollar bank notes as legal tender.The central bank chief's p...Published: 22 Dec 2020 at 06:32hrs | 321 | by Staff writer
Mangudya threatens to freeze businesses' bank accounts
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has threatened to freeze the bank accounts of businesses which are taking advantage of the lower forex auction rate to make exchange gains through...Published: 21 Dec 2020 at 06:38hrs | 1278 | by Kennedy Kaitano
RBZ to crack whip on auction abusers
THE Reserve Bank of Zimbabwe (RBZ) says it will request the Financial Intelligence Unit (FIU) to close bank accounts of business entities that are pricing using exchange rates not linked to the ruling...Published: 21 Dec 2020 at 06:14hrs | 172 | by Staff reporter
ZESA approves payment of bills in US$
ZIMBABWE'S cash-strapped utility Zesa Holding Ltd. allowing people to pay their bills in foreign currency as it struggles to fund the nation's power imports.Zesa said in an emailed statement o...Published: 20 Dec 2020 at 20:25hrs | 599 | by Staff reporter
Forex earnings inch closer to US$6 billion
The economy has been resilient for much of the year, with key macroeconomic fundamentals reflecting strong performance in the January to November period despite the fallout from the coronavirus, Reser...Published: 20 Dec 2020 at 06:40hrs | 131 | by Staff reporter
Zinara pines for forex payments
Transport Minister Biggie Matiza says that the use of US dollars for toll payments, is just a temporary measure that ministry wants to use for the festive season. The long-term strategy the mi...Published: 17 Dec 2020 at 07:15hrs | 1719 | by Staff reporter
CAPS United ordered to settle 2017 debt in United States dollars
CAPS United must pay a 2017 debt in United States dollars, the High Court has ruled.United accrued the US$10,835 debt after purchasing air tickets for their team. Since then, the club ha...Published: 16 Dec 2020 at 18:37hrs | 1291 | by Staff reporter
Zimdollar firms against the United States dollar
The Zimbabwe dollar traded firmer against the United States dollar in yesterday's foreign currency auction, edging up almost 0,15 percent, that is about one seventh of one percent, to $81,73 from $81,...Published: 16 Dec 2020 at 06:40hrs | 1040 | by Staff reporter
Former Harare Mayor distances himself from Budiriro demolitions
Herbert Gomba, the former Mayor of Harare and Councillor of Ward 27 in Glen Norah B has distanced himself from the recent Budiriro housing demolitions.This follows a letter that has been making ro...Published: 15 Dec 2020 at 14:21hrs | 1168 | by Daniel Itai
Informal sector not affected by 2% tax
AN OPPOSITION legislator has called on Finance minister Mthuli Ncube to stop collecting the 2% electronic transaction tax, saying it was burdening workers only as the informal sector was now transacti...Published: 15 Dec 2020 at 06:17hrs | 323 | by Staff reporter
Zimbabwe looking forward to merrier Christmas
Ordinary Zimbabweans and businesses are poised to have a much better festive season this year. This comes as the Zimdollar has been holding steady against the US dollar in recent months. ...Published: 14 Dec 2020 at 07:46hrs | 368 | by Staff reporter
Zinara now accepting USD, vouchers at tollgates
The Zimbabwe National Roads Administration (Zinara) says it is now accepting US dollars and prepaid vouchers to ease congestion at tollgates during the festive season.Speaking at a media brief...Published: 10 Dec 2020 at 21:22hrs | 800 | by Staff reporter
Farmers protest diesel price hike
THE recent increase in the price of diesel by the Zimbabwe Energy Regulation Authority (Zera) looks set to negatively affect farmers in the ongoing 2020/21 cropping season, the Daily News can report....Published: 09 Dec 2020 at 06:21hrs | 1534 | by Staff reporter
Increased demand for US$ on black market
An increase in US$ demand on the parallel market has seen the rate shifting upwards although it remains range bound. Rates are being quoted from $105 to $120 with demand mostly coming from small trade...Published: 08 Dec 2020 at 18:27hrs | 1487 | by Staff reporter
Zinara boss in court for transferring Grace Mugabe linked employees
ZINARA chief executive officer Nkosinathi Ncube was yesterday arraigned before Harare magistrate Trynos Wutawashe on allegations of victimising and transferring four subordinates that are linked to Gr...Published: 08 Dec 2020 at 06:38hrs | 897 | by Staff reporter
Econet seeks nod at accept US dollar payments
Telecommunications giant Econet Wireless Zimbabwe is looking to engage authorities for permission to take payments in foreign currency for some of its products. In March this year, the Governm...Published: 08 Dec 2020 at 06:27hrs | 266 | by Staff reporter
Police warn corrupt officers
THE Zimbabwe Republic Police (ZRP) has warned members of the force with a penchant for taking bribes from motorists that the long arm of the law will soon catch up with them.In a statement las...Published: 06 Dec 2020 at 23:17hrs | 444 | by Staff reporter
Mthuli Ncube falsely claims there were only US$40m bank deposits under GNU
IN a clip of an interview with ZiFM Stereo, posted on Twitter on December 3, Finance minister Mthuli Ncube claimed that, under his predecessor, Tendai Biti, deposits in the banking sector were around ...Published: 06 Dec 2020 at 08:31hrs | 660 | by Staff reporter
5 Chitungwiza councillors arrested
Five of the 33 Chitungwiza Municipality councillors and officials picked up for questioning during a meeting, convened in contravention of the Urban Councils Act to replace the acting town clerk after...Published: 05 Dec 2020 at 06:02hrs | 221 | by Staff reporter
Mangudya warns money launderers
THE governor of the Reserve Bank of Zimbabwe (RBZ), John Mangudya, says authorities will step up the current crack down on individuals and companies that are moving large but unexplained sums of money...Published: 02 Dec 2020 at 06:35hrs | 2391 | by Staff reporter
'Dollarisation was our biggest mistake,' says Mthuli Mcube
Dollarisation was a big mistake as it took away the country's monetary autonomy and made industry uncompetitive, Finance and Economic Development Minister Mthuli Ncube said yesterday. Besides,...Published: 01 Dec 2020 at 06:48hrs | 2903 | by Staff reporter
Govt rules out return of US dollar
ZIMBABWE will not consider using the US dollar as its default tender again, saying it won't repeat its past mistake of abandoning the local currency."One of the biggest mistakes was dollarisin...Published: 30 Nov 2020 at 19:05hrs | 2669 | by Staff reporter
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