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Zimdollar maintains stability after first auction of the year
THE Foreign Currency Auction Trading System resumed activity after the festive season break with the Zimbabwe dollar maintaining stability despite marginally weakening by 0,44 percent from an exchange...Published: 12 Jan 2021 at 17:58hrs | 1614 | by Staff reporter
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 | 2579 | by Staff reporter
State of Bulawayo roads worry human rights group, BCC petitioned
THE Matabeleland Institute for Human Rights (MIHR) has expressed concern over the state of roads in Bulawayo which are littered with potholes.This has prompted the civic society group to petit...Published: 22 Dec 2020 at 06:50hrs | 439 | by Staff reporter
Mangudya slams Ncube tariff increases
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has launched a rare scathing attack on the government for steeply increasing tariffs for public utilities, warning the decision will have serious ...Published: 18 Dec 2020 at 06:21hrs | 5321 | 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 $81,...Published: 16 Dec 2020 at 06:40hrs | 1038 | by Staff reporter
Zimbabwe looking forward to merrier Christmas
Ordinary Zimbabweans and businesses are poised to have a much better festive season this year. This comes as the Zimdollar has been holding steady against the US dollar in recent months. ...Published: 14 Dec 2020 at 07:46hrs | 367 | by Staff reporter
Increased demand for US$ 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 | 1485 | by Staff reporter
Mthuli Ncube piles more misery on Zimbabweans
FINANCE minister Mthuli Ncube yesterday dampened the hopes for a merry Christmas for the majority Zimbabweans after he reviewed the tax-free threshold to $10 000, about half the cost of a monthly bask...Published: 27 Nov 2020 at 07:28hrs | 3972 | by Staff reporter
Zimbabweans demand US dollar budget
ZIMBABWEANS have expressed mixed feelings on the 2021 national budget presented by Finance minister Mthuli Ncube in Parliament yesterday, saying it should have been configured in United States dollars...Published: 27 Nov 2020 at 07:20hrs | 725 | by Staff reporter
'Govt must compensate for lost pension earnings'
GOVERNMENT and insurance companies have an obligation to compensate pensioners who lost the true value of their pension savings in two consecutive periods of hyperinflation, 2008 to 2009 and 2019, law...Published: 21 Nov 2020 at 22:20hrs | 302 | by Staff reporter
Zimdollar continues fine run
The Zimbabwe dollar saw its smallest move since the start of the auction system yesterday, easing one ten thousandth of one percent and effectively remaining unchanged at $81,67 to the United States d...Published: 11 Nov 2020 at 05:30hrs | 1232 | by Staff reporter
Govt losing millions as firms evade US dollar tax
THE Zimbabwe government is being cheated of millions of United States dollars in tax revenue by businesses that are accepting foreign currency payments but not declaring or under-declaring the forex p...Published: 06 Nov 2020 at 06:47hrs | 677 | by Staff reporter
Councils mustn't demand forex, says Chombo
GOVERNMENT has threatened to deal with local authorities demanding payment of bills in foreign currency at 1:1 exchange rate.This was said by Local Government deputy minister Marian Chombo yes...Published: 05 Nov 2020 at 06:26hrs | 1423 | by Staff reporter
Zimdollar weakens against USD
The local currency continued to fluctuate within the 81.00 band as it depreciated against the dollar. The ZWL lost 0.3929% to trade at 81.6740 against the dollar from 81.3531 attained late last week. ...Published: 03 Nov 2020 at 20:15hrs | 5941 | by Staff reporter
'We need more Zimdollar than US$'
UNITED Refineries Limited (URL) chief executive officer, Mr Busisa Moyo says the Bulawayo headquartered agro-processing company needs more of the local dollar to localise production of key raw materia...Published: 30 Oct 2020 at 06:19hrs | 1140 | by Staff reporter
Zimdollar weakens against the US dollar
The Zimbabwe dollar moved marginally by less than a third of a Zimbabwean cent, against the US dollar at yesterday's Reserve Bank of Zimbabwe (RBZ) foreign currency auction, trading 0,004 percent high...Published: 28 Oct 2020 at 06:25hrs | 3075 | by Staff reporter
Zimdollar flat as street traders push cash transactions
The local currency was flat on Tuesday after it depreciated by a marginal 0.004% at the latest auction to trade at 81.3531 against the US dollars while the street rate remains range bound at between 9...Published: 27 Oct 2020 at 17:45hrs | 7895 | by Staff reporter
Zimbabwe churches paint gloomy picture
THE Zimbabwe Council of Churches (ZCC) yesterday painted a gloomy picture of the country's economic situation, claiming several attempts by the churches to engage Finance minister Mthuli Ncube to prof...Published: 27 Oct 2020 at 07:18hrs | 1507 | by Staff reporter
'Measures to insulate Zimdollar against erosion sustainable'
Measures put in place to insulate the local currency against erosion are sustainable beyond the lockdown, Finance and Economic Development Minister Professor Mthuli Ncube has said, despite the reopeni...Published: 26 Oct 2020 at 06:39hrs | 1370 | by Staff reporter
RBZ bouyant over Zimdollar
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he is doing everything in his power to maintain a four-month stretch of exchange rate stability achieved since the introduction of the foreig...Published: 25 Oct 2020 at 08:28hrs | 5788 | by Staff reporter
Red flag over inflation data
A PROFESSIONAL accountants' body has raised the red flag over factoring blended inflation data during the preparation of statements, saying firms pursuing this model risked distorting their organisati...Published: 21 Oct 2020 at 21:52hrs | 369 | by Staff reporter
Zimdollar remains solid against Trump's dollar
For the second week running, the Zimbabwe dollar was virtually unchanged against the US dollar at the weekly auction, shifting just one two hundreth of one percent to $81,3499 from last week's $81,345...Published: 21 Oct 2020 at 21:44hrs | 337 | by Staff reporter
Biti wants teachers to be paid US$520 salaries
Former Finance minister Tendai Biti (Harare East MP MDC Alliance) said government should pay teachers the US$520 salaries they used to get before the re-introduction of the Zimbabwe dollar.Gov...Published: 15 Oct 2020 at 07:27hrs | 4510 | by Staff reporter
Zimbabwe to introduce higher denomination notes
The Reserve Bank of Zimbabwe is expected to introduce higher denomination notes, which will see the amount of physical cash in circulation double to $3 billion. A member of the RBZ's MPC Eddie...Published: 15 Oct 2020 at 07:02hrs | 5804 | by Staff reporter
Civil servants laugh off salary hike
CIVIL SERVANTS yesterday reacted angrily to government's pronouncement that the US$75 monthly COVID-19 allowance would now be enjoined to their salaries and accused the Public Service Commission (PSC)...Published: 15 Oct 2020 at 06:50hrs | 6023 | by Staff reporter
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | 1977 | by Staff reporter
Zimbabwe's monthly inflation falls as Zimdollar firms
Monthly inflation between mid-August and mid-September fell to 3,83 percent, according to the latest figures from ZimStat, and is likely to continue falling with yesterday's foreign currency auction s...Published: 14 Oct 2020 at 06:27hrs | 792 | by Staff reorter
Zimdollar stable against the real US dollar
The Reserve Bank of Zimbabwe says on average US$5-$6 million is trading formally outside the foreign currency auction system every week within prescribed margins while there has been an increased numb...Published: 13 Oct 2020 at 20:54hrs | 3216 | by Staff reporter
Zimdollar continues to trade within range of cash parallel rates
The local currency added a marginal 0.11715% after it firmed up against the dollar in the latest auction as it continues to reposition itself in the world of currencies based on supply and demand. The...Published: 06 Oct 2020 at 20:22hrs | 2584 | by Staff reporter
Zimdollar near flat at $81.44 against the US dollar
The local currency appreciated a marginal 0.06% as it firmed against the dollar in the latest auction. The Zimdollar now trades at 81.4439 against the dollar from 81.4965 attained last week.Th...Published: 29 Sep 2020 at 18:48hrs | 2857 | by Staff writer
Vehicle plates chaos: CVR blames police
PARLIAMENT yesterday ordered the Central Vehicle Registry (CVR) to formally in-form motorists that new number plates were not available and allow them to continue using temporary plates until governme...Published: 29 Sep 2020 at 07:39hrs | 1298 | by Staff reporter
Zimbabwe schools in fees hike shocker
THERE are growing concerns that Zimbabwe's worsening economic situation could lead to the collapse of the education system and a spike in school dropouts after most schools exorbitantly hiked fees, wi...Published: 26 Sep 2020 at 08:24hrs | 2430 | by Staff reporter
Zimdollar moving towards stability?
THE interbank market entered the 14th week of trading this week and results from the auction show that the Zimbabwean dollar (Zimdollar) firmed by 0,27% against the Us dollar in the week under review....Published: 25 Sep 2020 at 07:55hrs | 1019 | by Respect Gwenzi
ZCTU mobilises for nationwide protests
THE Zimbabwe Congress of Trade Unions (ZCTU) has begun mobilising for a national general strike of both public and private sector workers. The event, according to ZCTU president Peter Mutasa, ...Published: 23 Sep 2020 at 06:05hrs | 3482 | by Staff reporter
Zimdollar gains against the US dollar
The Reserve Bank of Zimbabwe held its weekly foreign currency auction today, which saw the local currency maintain its appreciation trend against the US dollar after it gained 0.26% to 81.4965 from 81...Published: 22 Sep 2020 at 18:42hrs | 7120 | by Staff reporter
Zimdollar continues to regain strength
The Reserve Bank of Zimbabwe allotted its highest foreign currency to date at the weekly foreign currency auction today as the local currency continues to regain strength. The Zimbabwe do...Published: 15 Sep 2020 at 17:40hrs | 3362 | by Staff reporter
Stability of prices brings relief
Prices of basic commodities are stabilising and marginally decreasing on selected items, arresting the volatility and speculative behaviour which characterised the market before the introduction of th...Published: 12 Sep 2020 at 07:36hrs | 629 | by Staff reporter
Early Christmas for Zimbabwe civil servants
CIVIL servants are set to continue receiving US$75 COVID-19 allowances each until December. Government had initially indicated that the facility would run for three months from June this year,...Published: 10 Sep 2020 at 07:15hrs | 7184 | by Stff reporter
Zimdollar appreciates 0.75% to against the real US dollar
The local currency continued to gain against the dollar as it was up 0.75% in the latest auction as bidders continue to get all the money they bid at their various rates. The ZWL's latest...Published: 08 Sep 2020 at 19:11hrs | 2011 | by Staff reporter
Zimdollar, prices of basic goods remain stable
THERE is a glimmer of hope among long-suffering Zimbabweans that the stabilising cost of basic consumer goods in the country will soon lead to more prices coming down on the back of the continuing goo...Published: 07 Sep 2020 at 17:06hrs | 2399 | by Staff reporter
Zimplats warns of possible tax dispute with govt
MINING concern Zimplats has warned that a possible dispute over payment of taxes with the government could have an impact on future financial results.This was revealed by the platinum miner in...Published: 03 Sep 2020 at 06:17hrs | 1028 | by Staff reporter
Zimdollar strengthens against the real US dollar
The local currency appreciated for the first time against the US dollar after it firmed a marginal 0.094% to 83.3209 from 83.3994. This followed a drop in both the highest and lowest bids to 87.5 and ...Published: 01 Sep 2020 at 18:39hrs | 6529 | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 2574 | by Staff reporter
Zimbabwe govt urged to fully dollarise
GOVERNMENT should just fully dollarise the economy as the current dual pricing system is not benefiting the country's majority who get their salaries in local currency, a local economic development an...Published: 26 Aug 2020 at 07:15hrs | 4272 | by Staff reporter
Zimdollar depreciates 0.57% to 83.40 against the US dollar
The Zimbabwean dollar depreciated 0.576% to 83.3994 from last week's 82.9184 as the spread between bids narrowed further. While this is a step in the right direction in terms of price sta...Published: 25 Aug 2020 at 18:05hrs | 767 | by Staff reporter
Liberators turned mercenaries
War veterans are currently lobbying the Minister of Finance to for a salary increment as they are the 'Reserve Force' of the Zimbabwe National Army. The average age of our WarVets is 65yrs. WarVets de...Published: 21 Aug 2020 at 09:12hrs | 1257 | by Ms Tendayi Lynnette Mudehwe
'I'm a Zim doctor, the COVID-19 crisis is worse than you imagine'
YOU may have heard about the seven babies stillborn at Harare Hospital in one day at the end of July. From the maternity register that night, you can see that the infants were on average a healthy wei...Published: 21 Aug 2020 at 07:42hrs | 1288 | by African Arguments
Zimdollar stabilises against the real dollar
Little movement was seen on the foreign currency auction on Tuesday as the Zimbabwean dollar closed with a marginal depreciation of 0.43% against the US$ to 82.9214 According to the resul...Published: 18 Aug 2020 at 18:25hrs | 4194 | by Staff reporter
Zimdollar depreciates by 2.5% agains the real dollar
The Zimbabwe dollar depreciated 2.5% to 82.5608 in Thursday's combined auction. The local currency has depreciated 69.7% from the fixed exchange rate of 25 and 30.52% from the auction start rate of 57...Published: 13 Aug 2020 at 20:21hrs | 1173 | by finx
Zimdollar return premature, says Gono
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has said the reintroduction of the Zimbabwean dollar, which has been rapidly losing value since its re-introduction in June last year, was pr...Published: 07 Aug 2020 at 09:10hrs | 7764 | by Staff reporter
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