Search / Zimbabwe governor john mangudya
Mnangagwa urges Zimbabweans to trust the ZiG currency
President Emmerson Mnangagwa has urged industry leaders to trust in the Zimbabwe Gold (ZiG) currency, introduced to replace the unstable Zimbabwean dollar. Speaking at the 10th CEO Africa Roun...Published: 14 Jun 2024 at 07:21hrs | 9 | by Staff reporter
Zimbabwe central bank accumulates almost a ton of gold reserves
Zimbabwe's central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a law that compels mining companies to pay part of their royalties using the metal.The rese...Published: 14 Feb 2024 at 04:46hrs | 1 | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 39 | by Senziwani Sikhosana
RBZ sweet-talks millers
The Reserve Bank of Zimbabwe Governor John Mangudya has sweet-talked millers to reduce prices of maize meal, flour and salt ahead of elections.After successfully meeting with a high-level dele...Published: 24 Jul 2023 at 20:32hrs | 8 | by Simbarashe Sithole
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 134 | by Staff reporter
Zimbabwe business jittery as electioneering goes a gear up
The business community fears that the government could resort to exchange rate control to manage inflation and price increases. Picture: Shepherd TozvirevaZimbabwean businesses fear that Presi...Published: 25 Jun 2023 at 09:37hrs | 1 | by Staff reporter
'Shut down RBZ's irrelevant forex auction system'
ECONOMIC analysts this week said the central bank must close the foreign exchange auction system, saying it was no longer serving its purpose.The Reserve Bank of Zimbabwe (RBZ) last month limi...Published: 09 Jun 2023 at 06:33hrs | 5 | by Staff reporter
To see the saboteur, Mr President, look in the mirror
NewsdayHAVE we seriously gone back to blaming ghosts and shadows for the economy bottoming out?Are we going to be turning every stone, nook, and cranny looking for perceived "saboteurs...Published: 23 May 2023 at 06:40hrs | 1 | by Staff reporter
Zimdollar plunges 53%
UNCERTAINTY over Zimbabwe's growth prospects deepened this week, after a leading advisory said its currency had shed 58% of its value in the first quarter.It was a continuation of negative dev...Published: 14 Apr 2023 at 19:48hrs | 2 | by Staff reporter
'Inflation is not on paper, you feel it'
Reserve Bank of Zimbabwe governor John Mangudya says inflation is "felt" by consumers and not on paper, as official statistics are being challenged by independent experts.For years, the Zimbab...Published: 10 Apr 2023 at 07:28hrs | | by Staff reporter
Another Gold Mafia exposé airs
PRESIDENT Emmerson Mnangagwa's ambassador-at-large, Uebert Madzanire, alias Uebert Angel has told his followers to attack individuals who accuse him of gold smuggling and money laundering, following a...Published: 31 Mar 2023 at 07:49hrs | 11 | by Staff reporter
Demand for Zimdollar still high
ZIMBABWE'S central bank says demand for the local currency remains high despite increased use of foreign currency across economic sectors.The country legalised the dual monetary system to tame...Published: 17 Mar 2023 at 18:59hrs | 1 | by Staff reporter
Zimdollar collapse raises concerns
THE Zimbabwe dollar's continued depreciation against the United States dollar has made the macroeconomic climate "volatile", amid an over 30% fall of the Zimbabwe dollar against the greenback th...Published: 13 Mar 2023 at 09:16hrs | 2 | by Staff reporter
Mangudya warns against forex loans
In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank of Zimbabwe governor John Mangudya has warned agai...Published: 12 Mar 2023 at 06:37hrs | 17 | by Staff Reporter
Gold coins boost Zimdollar
Black market traders have been left reeling as measures taken by authorities, including new gold coins, to support the embattled local currency dry up excess liquidity and erode arbitrage opportunitie...Published: 18 Aug 2022 at 20:48hrs | | by Staff reporter
Zimbabwe central bank considers currency board
ZIMBABWE is considering establishing a currency board to support the Zimbabwean dollar, as inflation surges.The southern African country is fast moving back into a hyperinflationary crisis, ab...Published: 12 Aug 2022 at 20:19hrs | 20 | by Staff reporter
Will gold coins ease the pain?
A SENATOR and economic analysts have dismissed government's new gold coins as elitist and told Finance minister Mthuli Ncube to sort out the country's financial mess.This is after Reserve Bank...Published: 07 Jul 2022 at 08:06hrs | 11 | by Staff reporter
Zacc probes 22 cases of unexplained wealth
THE Zimbabwe Anti-Corruption Commission (ZACC) is investigating 22 cases of unexplained wealth involving externalisation of more than US$22 million. In a statement, ZACC said it was closely wo...Published: 15 Jun 2022 at 07:30hrs | 4 | by Staff reporter
European Investment Bank warms up to Zimbabwe
The European Investment Bank (EIB) has availed about €40m to Zimbabwe banks within a year, which will go towards bailing out the country's SMEs and mid-cap companies, in a vote of confidence in the ...Published: 02 Jun 2022 at 09:04hrs | 1 | by Staff reporter
Ncube casino economics killing goose that lays eggs
THE Zimbabwean dollar is tumbling at a fast rate and it will only respond positively when there is a change of government. As long as we are going to have this current leadership, nothing will c...Published: 16 May 2022 at 06:25hrs | 3 | by Leonard Koni
Global demand buoys tobacco prices
THE rising global demand for flue-cured tobacco has buoyed the firming of local golden leaf prices this season compared to last year.According to latest figures from a Germany company speciali...Published: 09 Apr 2022 at 08:30hrs | 2 | by Staff reporter
Govt must implement economic reforms
IN 2017, Finance and Economic Development minister Mthuli Ncube, Reserve Bank of Zimbabwe governor John Mangudya and the Zanu-PF government lied to the people, saying the bond note was at par with the...Published: 21 Mar 2022 at 06:39hrs | 1 | by Staff reporter
Currency: The long road of pain awaiting Zimbabwe
IN June 2019, the Zimbabwe dollar was officially reintroduced as the main legal tender for domestic transactions in the country amid scepticism from the general public concerning its sustainability. T...Published: 17 Mar 2022 at 05:49hrs | 1 | by Staff reporter
Who is benefiting from Zimbabwe's crazy fuel price hikes?
THE government is at it again, making the lives of Zimbabweans unbearable and the country nearly unlivable due to high fuel prices. And the worst is yet to come, after the Zimbabwe Energy Regulatory A...Published: 10 Mar 2022 at 06:11hrs | 1 | by Staff reporter
Ukraine war hits global wheat supply
Zimbabweans should brace for higher bread and flour prices triggered by growing global demand for wheat following the closure of ports in Ukraine and disruption to supplies from Russia, the two countr...Published: 08 Mar 2022 at 08:23hrs | 1 | by Staff reporter
'Zimbabwe to dollarise by June'
A TOP economist has warned that Zimbabwe's economy could dollarise by June.Gift Mugano, a leading economist and executive director at Africa Economic Development Strategies, spoke as Reserve B...Published: 18 Feb 2022 at 05:34hrs | 2 | by Staff reporter
RBZ defends bank withdrawal limits
RESERVE Bank of Zimbabwe governor John Mangudya defended bank withdrawal limits announced on Monday last week, saying while there has been a groundswell of criticism, the new levels were above average...Published: 14 Feb 2022 at 05:28hrs | 3 | by Staff reporter
Mnangagwa's ministers' performance contracts illegal?
PRESIDENT Emmerson Mnangagwa yesterday railroaded his Cabinet ministers, heads of State-owned entities and parastatals into signing performance contracts, but critics said the contracts were difficult...Published: 11 Feb 2022 at 05:47hrs | 10 | by Staff reporter
Zimbabwe industrialists expose gaps in Mnangagwa's re-engagement push
CALLS for government to get serious with its re-engagement drive have intensified, with industrialists and economists reminding President Emmerson Mnangagwa's administration to avoid building ties wit...Published: 06 Feb 2022 at 06:57hrs | | by Staff reporter
Zimbabwe on verge of redollarisation?
GOVERNMENT's failure to resolve a perennial currency crisis could push Zimbabwe back into dollarisation, analysts warned yesterday.In the past year, markets have been increasingly rejecting th...Published: 02 Feb 2022 at 05:33hrs | 11 | by Staff reporter
Mangudya improves in key global central bankers ranking table
RESERVE Bank of Zimbabwe governor John Mangudya has improved in the authoritative global central bankers performance indicators and ranking list by American magazine Global Finance as he graduated wit...Published: 15 Jan 2022 at 15:02hrs | 1 | by Staff reporter
Parliament investigates US$109m dam tender scandal
THE Zimbabwe National Water Authority (Zinwa) executive is under investigation for awarding a dodgy US$109 million Kunzvi Dam construction tender to China Nanchang Engineering, which has a shady past,...Published: 03 Oct 2021 at 08:19hrs | 78 | by Staff reporter
IMF rules out Zimbabwe bailout
Fund International Monetary Fund (IMF) on Wednesday said it would not move an inch from its position that Zimbabwe did not qualify for financial bailouts even after clearing its debts to the global le...Published: 18 Jun 2021 at 07:24hrs | 3 | by Staff reporter
Mnangagwa has taken us back to 2008
PRESIDENT Emmerson Mnangagwa's administration is plunging Zimbabwe back into the 2008 era when the regime survived on peddling lies. Let us unpack some of the lies and confront them for answers....Published: 04 May 2021 at 06:23hrs | 3 | by Isaac
Zimbabwe businesses face transfer, pricing risks
BUSINESSES are facing transfer and pricing risks due to shortages of foreign currency and high inflation as the currency crisis strains the economy.This has come as a result of a waning invest...Published: 12 Feb 2021 at 15:46hrs | 1 | by Staff reporter
CCZ bemoans price increases
THE Consumer Council of Zimbabwe (CCZ) has bemoaned the steady increase in prices, saying the trend defies the economic environment in the country.Rose Mpofu, the CCZ deputy director, said bus...Published: 20 Dec 2020 at 07:03hrs | 3 | by Staff reporter
Zimbabwe business opts for US dollars as base currency
TRANSACTIONS are increasingly occurring in United States Dollars which means that households that earn incomes in the Zimbabwe dollar including most poor households, will find it increasingly unafford...Published: 07 Sep 2020 at 06:33hrs | 2 | by Staff reporter
Zimbabwe set to lose $1 billion in potential revenue
ZIMBABWE'S cash-strapped government is set to forgo over $1 billion in revenues from the intermediated money transfer tax (IMTT) as a result of policy inconsistencies, analysts have said.The g...Published: 30 Aug 2020 at 10:58hrs | | by Staff reporter
Court throws away RTGS$ challenge
THE High Court has dismissed with costs an application filed by Harare businessman and University of Zimbabwe lecturer, Shakespear Hamauswa, challenging the legality of the Real Time Gross Settlement ...Published: 23 Aug 2019 at 07:45hrs | 3 | by Staff reporter
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 | | by Staff reporter
RBZ raises red flag on forex demand
Daily demand for diesel has gone up by 20 percent to 3,6 million litres over the last four months as business and domestic consumers now heavily rely on the commodity to mitigate rolling power cuts cu...Published: 29 Jul 2019 at 14:48hrs | 2 | by Staff reporter
Fresh Zimdollar headache for govt
The government's decision to reintroduce the local currency faces a serious test after a third person filed a High Court application challenging President Emmerson Mnangagwa's use of presidential powe...Published: 07 Jul 2019 at 21:34hrs | 1 | by Staff reporter
Graft list divides Zanu-PF
President Emmerson Mnangagwa was caught by surprise when the Zanu-PF youth league released a list of alleged corrupt senior officials, a senior official has claimed amid reports those implicated belie...Published: 07 Jul 2019 at 21:28hrs | | by Staff reporter
Zimbabwe banks paying more than the black market rates
THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once ...Published: 02 Jul 2019 at 17:34hrs | 1 | by newzimbabwe.com
Matutu dares Mangudya, Rushwaya
THE Zanu-PF youth league has vowed to further expose Reserve Bank of Zimbabwe governor John Mangudya and the Zimbabwe Miners Federation boss Henrietta Rushwaya's alleged corrupt deals, and expose more...Published: 01 Jul 2019 at 17:22hrs | | by Staff reporter
Why Zanu-PF youths are targeting heavy weights
Zanu-PF youths threw the cat among the pigeons recently when they released a list of alleged corrupt people that included senior ruling party officials such as Obert Mpofu and Prisca Mupfumira....Published: 30 Jun 2019 at 09:20hrs | 1 | by Staff reporter
Makamba in bid to stop RTGS dollar
An opposition leader has filed a High Court application challenging the introduction of the real-time gross settlement (RTGS) dollar, saying the presidential powers used in ushering in the currency re...Published: 30 Jun 2019 at 09:19hrs | | by Staff reporter
BREAKING: RBZ boss sues Zanu-PF
Reserve Bank of Zimbabwe Governor John Mangudya has slapped Zanu-PF with a $1 million lawsuit over allegations by the youth league that he was engaged in corrupt activities.Mangudya was mentio...Published: 26 Jun 2019 at 13:05hrs | 7 | by Staff Reporter
Tajamuka gives Mnangagwa 7 day ultimatum
FIREBRAND pressure group Tajamuka/Sesijikile has given President Emmerson Mnangagwa a seven-day ultimatum to fix the current crippling financial crisis short of which they will call for a national shu...Published: 26 Jun 2019 at 07:22hrs | 1 | by newzimbabwe
'Zimbabwe inflation to shoot up to 280% by year-end'
INFLATION could end the year around 280% and may rise to stratospheric levels thereafter if a new currency is introduced without preceding macro-economic fundamentals, a local research firm has said....Published: 14 Jun 2019 at 08:26hrs | 1 | by Staff reporter
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