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Zimbabwean brands need to step up to the plate
Production seems to be the driving spirit of the new dispensation, as the country pursues a modernisation and industrialisation agenda whose objective is to grow the economy, create rewarding and sust...Published: 09 May 2021 at 08:00hrs | 161 | by Staff reporter
Ex-AirZim workers reject Zimdollar payouts
Former Air Zimbabwe workers have vowed to fight against the payment of their salary arrears in local currency at a rate of US$1: ZW$1, arguing that the move is unconstitutional.The 300 ex-work...Published: 02 May 2021 at 09:30hrs | 811 | by Staff reporter
Landmark ruling on vehicle plates
GOVERNMENT has been ordered to reimburse motorists who paid for new vehicle registration plates in foreign currency since July last year, but failed to get them.In a landmark ruling on Wednesd...Published: 16 Apr 2021 at 07:52hrs | 898 | by Staff reporter
Govt, teachers should not play Russian roulette with children's lives
THE fact that things are not well in the education sector is a major concern to all of us as citizens of this country.It is a right that children should access excellent education provided by ...Published: 15 Apr 2021 at 07:32hrs | 817 | by Chief Chiduku
Why Zimbabwe must dollarise again
THE Reserve Bank of Zimbabwe (RBZ)'s new Monetary Policy Committee (MPC) hit the ground running on March 26, announcing a raft of policy measures to sustain the fragile stability that has seen inflati...Published: 15 Apr 2021 at 07:32hrs | 3347 | by Taurai Mangudhla
NetOne seeks Zimdollar fuel to power boosters
STATE-run mobile telecommunications company, NetOne, has appealed to government to avail fuel to the telecommunications sector in local currency to ensure 24-hour connectivity, particularly in rural a...Published: 12 Apr 2021 at 07:24hrs | 890 | by Staff reporter
Zimdollar maintains stability
THE Zimbabwe dollar continues to maintain stability on the official weekly foreign currency exchange auction system with marginal fluctuations against the greenback exhibiting market confidence in the...Published: 08 Apr 2021 at 08:42hrs | 601 | by Staff reporter
Zimdollar to remain stable
TWO years ago, the new Minister of Finance in Zimbabwe brought together a small group of local business persons in an informal advisory group. I was privileged to be included.Our meetings were...Published: 29 Mar 2021 at 18:10hrs | 591 | by Eddie Cross
Govt defends varsity fees hike
THE government has defended the increase in tuition fees by higher learning institutions despite disgruntlement by hard-pressed parents and guardians. This comes as the authorities granted pol...Published: 22 Mar 2021 at 15:38hrs | 573 | by Staff reporter
Zimbabwe's no go routes for Ngwena's motorcade.
I knew no politics by 1980 because I was still too young. I remember well in the early 1980s we used to read about Mugabe and Nkomo but this history made little sense to our young apolitical minds by ...Published: 22 Mar 2021 at 06:29hrs | 6028 | by Etiwel Mutero
Govt probes RBZ Zimdollar fuel facility abusers
GOVERNMENT has launched investigations to ascertain whether the Reserve Bank of Zimbabwe facility to avail foreign currency to oil companies to procure fuel was not being abused.This was revea...Published: 22 Mar 2021 at 06:15hrs | 1899 | by Staff reporter
Switch of bank accounts to Zimdollars valid, Supreme Court rules
Sums in accounts denominated in US dollars were legally converted to sums denominated in Zimbabwe dollars in terms of a Reserve Bank of Zimbabwe directive when the local currency was reintroduced, the...Published: 19 Mar 2021 at 05:58hrs | 810 | by Staff reporter
Repossessed Bulawayo stands up for grabs
BULAWAYO City Council (BCC) has given notice to resell housing stands repossessed after their owners failed to develop them within the stipulated timeframe.In terms of section 5 of the Titles ...Published: 12 Mar 2021 at 06:04hrs | 1412 | by Staff reporter
Zimdollar remains steady
THE Zimbabwean dollar remains steady against the United States at 1:83 this week with the Reserve Bank of Zimbabwe (RBZ) saying it has resolved the issue of delayed settlement of foreign currency auct...Published: 24 Feb 2021 at 17:01hrs | 973 | by Staff reporter
Zimdollar to weaken after lockdown
DESPITE enjoying some illusory stability owing to depressed demand for foreign currency due to Covid-19 lockdowns, which reduced business activity, the Zimbabwe dollar remains volatile with high risks...Published: 19 Feb 2021 at 07:08hrs | 1381 | by Staff reporter
Zimdollar will maintain a 'fragile stability' this year report
ZIMBABWE's currency will maintain a "fragile stability" this year, continuing from the volatilities that haunted the domestic unit even after the introduction of theforeign currency auction system...Published: 17 Feb 2021 at 06:11hrs | 813 | by Staff reporter
Zimdollar depreciates
The local currency depreciated by almost a percentage point on Tuesday in an auction which failed to make allotments on all qualified bids. The Zimbabwe dollar was quoted at 82.6756 after depreciating...Published: 27 Jan 2021 at 06:10hrs | 6610 | by Staff reporter
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 | 447 | by Staff reporter
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 | 1649 | 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 | 2602 | 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 | 479 | 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 | 5346 | 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 $81,...Published: 16 Dec 2020 at 06:40hrs | 1054 | by Staff reporter
Zimbabwe looking forward to merrier Christmas
Ordinary Zimbabweans and businesses are poised to have a much better festive season this year. This comes as the Zimdollar has been holding steady against the US dollar in recent months. ...Published: 14 Dec 2020 at 07:46hrs | 377 | by Staff reporter
Increased demand for US$ 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 | 1502 | 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 | 3984 | 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 | 728 | 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 | 312 | 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 $81,67 to the United States d...Published: 11 Nov 2020 at 05:30hrs | 1242 | by Staff reporter
Govt losing millions as firms evade US dollar tax
THE Zimbabwe government is being cheated of millions of United States dollars in tax revenue by businesses that are accepting foreign currency payments but not declaring or under-declaring the forex p...Published: 06 Nov 2020 at 06:47hrs | 682 | by Staff reporter
Councils mustn't demand forex, says Chombo
GOVERNMENT has threatened to deal with local authorities demanding payment of bills in foreign currency at 1:1 exchange rate.This was said by Local Government deputy minister Marian Chombo yes...Published: 05 Nov 2020 at 06:26hrs | 1431 | by Staff reporter
Zimdollar weakens against USD
The local currency continued to fluctuate within the 81.00 band as it depreciated against the dollar. The ZWL lost 0.3929% to trade at 81.6740 against the dollar from 81.3531 attained late last week. ...Published: 03 Nov 2020 at 20:15hrs | 5949 | by Staff reporter
'We need more Zimdollar than US$'
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 | 1149 | 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 | 3085 | 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 | 7905 | 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 | 1517 | 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 | 1445 | 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 | 6265 | 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 | 374 | 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 | 344 | 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 | 4522 | 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 | 5817 | 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 | 6055 | 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 | 1982 | 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 | 796 | 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 | 3222 | 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 | 2604 | 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 | 2881 | 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 | 1301 | 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 | 2455 | by Staff reporter
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