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Zimdollar plunges into death spiral
ZIMBABWE's currency is in a death spiral and headed for a tragic end, two years after it was re-introduced into circulation, stoking fears of the 2008 hyperinflationary era where the government was fo...Published: 15 Oct 2021 at 20:22hrs | 2945 | by Staff reporter
Govt will keep digging in on currency
IN the week under review the Zimbabwean dollar (Zimdollar) swept past the psychological 1:90 mark. The local unit has been losing ground against the United States dollar on a weekly basis, for 24 stra...Published: 15 Oct 2021 at 20:20hrs | 171 | by Respect Gwenzi
Govt, business stalemate rages
BUSINESS executives made desperate attempts from last week Friday to worm their way out of arrests for violating foreign currency exchange regulations, but the government turned a deaf ear as it vowed...Published: 15 Oct 2021 at 20:19hrs | 317 | by Staff reporter
RBZ must keep tight lid on forex auction system
FOR a while the Reserve Bank of Zimbabwe (RBZ) has been "availing" United States dollars to businesses at a capped auction rate.This means RBZ funds are the cheapest as they are availabled at ...Published: 13 Oct 2021 at 06:12hrs | 419 | by Ndebele
CZI warns of imminent Zimdollar collapse
THE Confederation of Zimbabwe Industries (CZI) has warned that the local currency faces imminent collapse and called on government to come up with alternative policy measures to restore confidence in ...Published: 13 Oct 2021 at 06:10hrs | 1077 | by Staff reporter
Mashonaland chiefs demand change of title to kings
CHIEFS are lobbying government to urgently change the nomenclature of traditional leaders' titles from chiefs to kings.Chief Zvimba, born Stanley Urayayi Mhondoro, is leading the lobby....Published: 11 Oct 2021 at 06:04hrs | 4211 | by Staff reporter
Mnangagwa told to reopen Moyo graft case
ZIMBABWEANS have petitioned President Emmerson Mnangagwa to reopen the corruption case against former Health minister Obadiah Moyo , who was acquitted last week by the High Court over the irregular aw...Published: 11 Oct 2021 at 06:03hrs | 3812 | by Staff reporter
Sibangilizwe Nkomo wins Bulawayo nomination
SIBANGILIZWE Nkomo, the son of the late Zapu founding leader Joshua Nkomo, on Saturday won the Bulawayo nomination to contest for the Zapu party presidency, making him the leading contender.This m...Published: 11 Oct 2021 at 06:03hrs | 2906 | by Staff reporter
Violence rocks Zanu-PF Manicaland indaba
CHAOS rocked a Zanu-PF provincial co-ordinating committee (PCC) meeting yesterday after scores of demonstrators, who were calling for the ouster of Manicaland provincial chairman Mike Madiro, were tea...Published: 11 Oct 2021 at 06:02hrs | 1449 | by Staff reporter
What China's overseas coal exit could mean for Zimbabwe
IN response to What China's overseas coal exit plans could mean for Zimbabwe' XYZ says: Is being fair to acknowledge that the environmental accusations made towards China are somehow unfair.As...Published: 11 Oct 2021 at 06:02hrs | 1474 | by MDC-T president Douglas Mwonzora
Elections will cut Mwonzora to size
THE centre is no longer holding anymore. The cow no longer produces milk as it used to do.MDC-T leader Douglas Mwonzora is suffering from leadership kwashiorkor and it is clear that he is a Za...Published: 11 Oct 2021 at 06:01hrs | 2282 | by Leonard Koni
BCC expresses concern over road rehab
BULAWAYO City Council has expressed dismay over its exclusion by central government in on-going road rehabilitation works and fears poor workmanship because of lack of supervision by city engineers....Published: 11 Oct 2021 at 06:01hrs | 815 | by Staff reporter
Council embarks on water drain system cleaning
BULAWAYO has embarked on storm water drain cleaning in the suburbs ahead of the rainy season to prevent the recurrence of flooding caused by blockages.Floods have often affected suburbs such a...Published: 11 Oct 2021 at 06:01hrs | 312 | by Staff reporter
Govt receives migration draft policy
THE Home Affairs ministry has been handed a draft national migration policy in order to initiate a process towards approval of the document by Cabinet.This was revealed yesterday by the Intern...Published: 11 Oct 2021 at 06:00hrs | 511 | by Staff reporter
Harare loses 125 firefighters in one year
HARARE City Council has been hard hit by a shortage of firefighters after 125 of them left its employ since the beginning of the year for greener pastures due to poor working conditions.Counci...Published: 11 Oct 2021 at 06:00hrs | 929 | by Staff reporter
Top economist warns of Zimbabwe dollarisation
ZIMBABWE is expected to dollarise its economy because of the collapse of the local currency and the failure of its auction system to stabilise the exchange rate, renowned scholar and economist Gift Mu...Published: 11 Oct 2021 at 06:00hrs | 3519 | by Staff reporter
Zera dismisses Zimdollar fuel hoax
THE Zimbabwe Energy Regulatory Authority (zera) has not designated any service station to sell fuel exclusively in Zimbabwe dollars, contrary to reports circulating on social media.In a statem...Published: 10 Oct 2021 at 06:36hrs | 458 | by Staff reporter
Name, shame exercise divides Zanu-PF
GOVERNMENT's name and shame operation targeting companies and individuals accused of fuelling the galloping foreign currency parallel exchange rate has triggered fierce fights within Zanu-PF, with som...Published: 09 Oct 2021 at 07:33hrs | 1044 | by Staff reporter
Zimdollar market correction
A MAJOR highlight of this week's auction is the magnitude of currency depreciation. The Zimbabwean dollar (Zimdollar) weakened by the highest weekly margin since the beginning of the year, a strong si...Published: 08 Oct 2021 at 19:03hrs | 295 | by Respect Gwenzi
Trust gets US$5million, collapses in 3 years
THE Marange-Zimunya Community Share Ownership Trust (MZCSOT) has collapsed only three years after the Zimbabwe Consolidated Diamonds Corporation (ZCDC) injected US$5 million to prop it, a Zimbabwe Ind...Published: 08 Oct 2021 at 18:58hrs | 118 | by Staff reporter
Norman Matemera fail fitness test
TOP referees Norman Matemera and Stella Ruvinga will not be part of the officials handling the Chibuku Super Cup, after they failed a fitness test. The duo, who are part of the FIFA Elite Refe...Published: 30 Sep 2021 at 07:14hrs | 267 | by Staff reporter
Dr Ndlovu appointed new Education Minister
THE former Minister of State in Vice President Chiwenga's office, Dr Evelyn Ndlovu, is the new Minister of Primary and Secondary Education after she was appointed by President Mnangagwa yesterda...Published: 30 Sep 2021 at 07:14hrs | 690 | by Staff reporter
Mapeza resists major changes
NORMAN Mapeza has resisted the temptation of making wholesale changes by backing the Warriors, who have been fighting, in the 2022 World Cup qualifying trenches.The interim coach named a 24-me...Published: 30 Sep 2021 at 07:14hrs | 180 | by Staff reporter
Judge goes AWOL for 3 months
High Court judge Justice Edith Mushore has not reported for duty for close to three months without leave, a development that has prompted her bosses to allocate some of her cases to other judges....Published: 30 Sep 2021 at 07:13hrs | 578 | by Staff reporter
Shava takes engagement mission to Europe
Foreign Affairs and International Trade Minister, Ambassador Frederick Shava, has embarked on an engagement and re-engagement mission to Europe that will see him interact with Foreign Ministers of Fra...Published: 30 Sep 2021 at 07:13hrs | 86 | by Staff reporter
Residents welcome end to mayoral chaos
Residents have hailed the Government's appointment of Harare councillor Musarurwa Stewart Mutizwa yesterday as the acting mayor following the suspension of mayor Jacob Mafume as a councillor a fortnig...Published: 30 Sep 2021 at 07:13hrs | 196 | by Staff reporter
Vehicles boost for Education Ministry
The Ministry of Primary and Secondary Education on Monday received 13 off-road vehicles and 34 motorbikes from the United Kingdom's Foreign, Commonwealth and Development Office (FCDO) in partnership w...Published: 30 Sep 2021 at 07:13hrs | 138 | by Staff reporter
Borehole drilling project to benefit chiefs
THE DISTRICT Development Fund (DDF) has embarked on a massive borehole drilling project aimed at providing traditional chiefs with safe drilling water across the nation.DDF has since sited, dr...Published: 30 Sep 2021 at 07:12hrs | 208 | by Staff reporter
Rwanda keen on Zimbabwean teachers
Rwandan President Paul Kagame has said Zimbabwe and his country share a common history that gives impetus to current efforts to develop the two countries and consolidate existing relations.The...Published: 30 Sep 2021 at 07:12hrs | 547 | by Staff reporter
ZSE market cap hits $1 trillion mark
Zimbabwe Stock Exchange (ZSE) market value hits the $1 trillion mark for the first time since the market re-base over a decade ago as bulls charged on increased money supply.Zimbabwe's money s...Published: 30 Sep 2021 at 07:12hrs | 74 | by Staff reporter
Over R500m lost in SA debit card scams
Gross losses due to fraud committed on South African-issued debit cards amounted to R520,5 million in 2020 – an increase of 26.5 percent compared to 2019.This is according to 2020 crime stat...Published: 30 Sep 2021 at 07:12hrs | 111 | by Staff reporter
Chiwenga urges confidence in Zimdollar
Vice President Constantino Chiwenga has warned businesses against operating in the parallel foreign exchange market as Government will take punitive action against them.The Vice President urge...Published: 30 Sep 2021 at 07:11hrs | 162 | by Staff reporter
Commission registers 8 media houses
THE Zimbabwe Media Commission (ZMC) has registered eight more media houses that will produce publications at either national or community level thereby bringing to 170 the total number of regist...Published: 30 Sep 2021 at 07:10hrs | 106 | by Staff reporter
Dynamos labour to beat Yadah
Dynamos 1- 0 YadahDYNAMOS sealed their place in the quarter-finals of the Chibuku Super Cup despite apparent fitness concerns as they laboured to beat Yadah at the National Sports Stadium yesterda...Published: 30 Sep 2021 at 07:10hrs | 123 | by Staff reporter
26% drop out before O-Level completion
AT LEAST 26 percent of pupils dropped out of school before completing their Ordinary level last year and most of them were boys.The Ministry of Primary and Secondary Education 2020 Statistical...Published: 30 Sep 2021 at 07:10hrs | 151 | by Staff reporter
Vusa Mkhaya drops video for Lalela
VUSUMUZI Mkhaya Ndlovu popularly known as Vusa Mkhaya has released visuals for his song Lalela.The Masiyephambili hitmaker shot the video at Ubuntu Crawl in Soweto, South Africa.The so...Published: 30 Sep 2021 at 07:10hrs | 53 | by Staff reporter
Mnangagwa assures business
PRESIDENT Mnangagwa has assured business of his Government's unwavering support in ensuring private sector-led economic growth while at the same time promoting the establishment of brands that can com...Published: 30 Sep 2021 at 07:09hrs | 133 | by Staff reporter
Zimdollar slides against US$
THE Zimbabwe dollar marginally slipped by 0,85 percentage points to trade at 87,67 against the United States dollar at the weekly foreign exchange auction conducted on Tuesday from last week's rate of...Published: 30 Sep 2021 at 07:09hrs | 367 | by Staff reporter
'Zimbabwe food security remains low,' says USAid
THE United States Agency for International Development (USAid) food security arm, Famine Early Warning Systems Network (Fewsnet) says household food stocks are beginning to run low as the surging cost...Published: 14 Sep 2021 at 06:13hrs | 358 | by Staff reporter
Biti caution govt over IMF windfall
ZIMBABWE'S former Finance ministers Herbert Murerwa and Tendai Biti have warned the government against using the recent US$961 million worth of special drawing rights (SDRs) from the International Mon...Published: 10 Sep 2021 at 07:39hrs | 1793 | by Staff reporter
Govt must assist Zimbabweans in SA to get passports
ZIMBABWEANS in South Africa who need to apply or renew their passports are struggling to access the online application portal to process their applications.The online application system is fac...Published: 06 Sep 2021 at 05:23hrs | 702 | by Staff reporter
Zimdollar slides against US$
THE Zimbabwe dollar has slipped by 0,12 percentage points to trade at 86 against the United States dollar at the weekly foreign exchange auction conducted on Tuesday. Last week, the exchange r...Published: 02 Sep 2021 at 06:13hrs | 2437 | by Staff reporter
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 1626 | by Staff reporter
'Demand for local currency working capital swelling'
STANBIC Bank Zimbabwe says its operations have remained resilient to macro-economic challenges bedevilling the country having posted an inflation adjusted profit after tax of ZW$1,2 billion for the ha...Published: 27 Aug 2021 at 06:32hrs | 472 | by Staff reporter
Zimbabwe to use IMF funds to support beleaguered Zimdollar
THE government will hold back $500m of the $961m IMF funds to support the currency which has plunged.Zimbabwe will use more than half of the $961 million allocated by the International Monetar...Published: 25 Aug 2021 at 18:37hrs | 1304 | by Staff reporter
CFI hails RBZ for stabilising Zimdollar
AGRO- industrial concern, CFI holdings has hailed the Reserve Bank of Zimbabwe (RBZ) for putting in place measures aimed at reinforcing the stability of the local currency which have seen a decelerati...Published: 25 Aug 2021 at 08:33hrs | 1408 | by Staff reporter
Zimbabwe telcos facing resistance to more tariff increases
ZIMBABWE'S telecommunications firms desperately want to increase tariffs to counter rising costs stemming from the huge gulf between the official exchange rate and the one prevailing on the parallel m...Published: 24 Aug 2021 at 06:34hrs | 1063 | by Staff reporter
'Public prefers US$ over Zimdollars'
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has blamed the widening gap between the official and parallel forex rates on locals preferring greenback over the local currency as a store of val...Published: 21 Aug 2021 at 07:35hrs | 1322 | by Staff reporter
Zimdollar retains stability at weekly auction platform
THE Zimbabwe dollar this week traded at 85,74 against the United States dollar at the official weekly foreign currency exchange auction conducted yesterday. Last week, the exchange rate at the auction...Published: 13 Aug 2021 at 06:42hrs | 406 | by Staff reporter
TN Holdings' shop charged for refusing Zimdollars
A TN Holdings shop in Harare has been dragged to court for refusing to accept Zimdollar payments.This was revealed when company representative Ruth Nyambirai, who is head of retail at TN Holdi...Published: 12 Aug 2021 at 06:45hrs | 1356 | by Staff reporter
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