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Man conceals payslip for 10 years
A HARARE woman yesterday told magistrate Ayanda Dlamini that her husband has been hiding his payslip from her for the past decade.Magret Maturo made the claims as she sought a court ruling dir...Published: 22 Mar 2023 at 07:00hrs | 1954 | by Staff reporter
Zimbabwe parliament built on private land
IN January we published a story saying part of the land on which Zimbabwe's new US$140 million Parliament and the planned US$60 billion ultra-modern Cyber City in Mt Hampden on the outskirts of the ca...Published: 20 Mar 2023 at 15:06hrs | 1890 | by Staff reporter
Bulawayo's thriving car breaking industry
When you think of industries that offer opportunities for employment and entrepreneurship, the car breaking industry is probably not the first one that comes to mind.However, in Bulawayo, Zimb...Published: 18 Mar 2023 at 06:34hrs | 224 | 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 | 3530 | 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 | 3755 | by Staff Reporter
Minister orders auction of all stray cattle
DEPUTY Minister of Lands, Agriculture, Fisheries, Water and Rural Development Davis Marapira has directed local authorities to impound and auction all stray cattle as part of efforts to curb the sprea...Published: 09 Mar 2023 at 05:20hrs | 327 | by Staff reporter
Tobacco auction floors open tomorrow
Tobacco farmers have started delivering their crop ahead of the marketing season which opens tomorrow at auction floors with the official ceremony at Tobacco Sales Floor.Deliveries for the far...Published: 07 Mar 2023 at 05:23hrs | 129 | by Staff reporter
Kazembe Kazembe drawn into forex scandal
Home Affairs minister Kazembe Kazembe and police commissioner General Godwin Matanga have been dragged to court for refusing to arrest a Chinese national who used to supply leather products to the arm...Published: 05 Mar 2023 at 06:23hrs | 907 | by Staff reporter
Zimbabwean to lose more than R1.4 million found in car boot at SA police road block
A Zimbabwean man found in possession of R1.4 million, stands to lose the money plus a vehicle which the police seized during his arrest in 2021.This is after the National Director Of Public Pr...Published: 03 Mar 2023 at 06:59hrs | 3144 | by Staff reporter
Botswana threatens to sever ties with diamond giant De Beers
Botswana's President Mokgweetsi Masisi has warned that his country may sever ties with diamond giant De Beers if talks to renegotiate a sales deal prove unfavorable to his government.Masisi al...Published: 16 Feb 2023 at 04:57hrs | 1286 | by Staff reporter
Zimdollar official rate converges with black market premium on RBZ Auction
THE Zimdollar official exchange rate has converged with the parallel market premiums while at the same time falling within internationally acceptable margins the Reserve Bank of Zimbabwe (RBZ) Foreign...Published: 15 Feb 2023 at 05:04hrs | 4296 | by Staff reporter
'Zimbabwe gold coins a masterstroke,' claims Mnangagwa
THE introduction of gold coins by the Reserve Bank of Zimbabwe (RBZ) has been a masterstroke, as it has brought the equivalent of US$27,5 million into the formal system and helped in the economic turn...Published: 13 Feb 2023 at 05:15hrs | 259 | by Staff reporter
Fresh moves to promote use of Zimdollars
GOVERNMENT will enhance tax collections in local currency and maintain interest rates at par with inflation to promote the use of the Zimbabwe dollar in local transactions, Treasury has said.A...Published: 12 Feb 2023 at 07:35hrs | 386 | by Staff reporter
Zimbabwe harbours wanted Irish Mafia cartel boss
A ZIMBABWEAN businessman, Adam Lincoln Woodington Wood, has allegedly been harbouring and enabling the activities of the founder of an Irish mafia gang, Christopher Vincent Kinahan, who is on the want...Published: 12 Feb 2023 at 07:33hrs | 1768 | by Staff reporter
Demand for US$ salaries grow louder
WORKERS' unions yesterday implored government and the private sector to pay United States dollar salaries with immediate effect as the economy has moved closer to full dollarisation.Latest Zim...Published: 09 Feb 2023 at 05:08hrs | 981 | by Staff reporter
Zimbabwe moves towards full dollarisation
LATEST statistics availed by the Zimbabwe National Statistics Agency (ZimStat) show that Zimbabwe's economy is fast dollarising with 78% of transactions for food purchases now being done in foreign cu...Published: 08 Feb 2023 at 05:03hrs | 1409 | by Staff reporter
Former Zim health deputy minister denied conjugal rights by wife
FORMER health deputy minister Edwin Muguti's marriage has been dissolved by the High Court after his wife filed for divorce in 2019 accusing him of infidelity.His ex-wife, Tapiwa Mercy Mukandi...Published: 03 Feb 2023 at 07:31hrs | 6458 | by Staff Reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 1331 | by Staff Reporter
Zimbabwe monthly inflation rate drops to 0,7%
MONTHLY inflation declined to 0,7% in January 2023 shedding 0,6 percentage points in a development which comes on the back of economic reforms aimed at easing inflationary pressures, Zimbabwe National...Published: 02 Feb 2023 at 08:30hrs | 344 | by Staff reporter
Zinara hikes Z$ toll fees
THE Zimbabwe National Road Administration (Zinara) has hiked toll fees in local currency with effect from February 1, 2023.In a statement yesterday, Zinara said the toll fees in local currency...Published: 02 Feb 2023 at 08:27hrs | 928 | by Staff reporter
'Zimbabwe's $5 000 withdrawal limit no longer adequate'
THE transacting public has implored the Reserve Bank of Zimbabwe (RBZ) to consider increasing cash withdrawal limits saying the weekly $5 000 cap is no longer convenient given the exchange rate moveme...Published: 02 Feb 2023 at 08:24hrs | 505 | by Staff reporter
RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 29 Jan 2023 at 07:42hrs | 2611 | by Staff Reporter
Zimdollar further depreciates US$
THE Zimbabwe dollar has continued its freefall against the greenback, with results from the Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction on Tuesday showing that it is trading at $732 to t...Published: 19 Jan 2023 at 07:31hrs | 1286 | by Staff reporter
Mnangagwa's govt claims to have delivered 600 000 jobs
NEARLY 600 000 new formal jobs have been created in various sectors from 2018 to date, an indication that the formal economy is growing in tandem with increased economic activity, latest figures from ...Published: 15 Jan 2023 at 09:39hrs | 156 | by Staff reporter
Zimdollar loses grip against USD
THE local dollar lost its grip against the United States dollar at the Reserve Bank of Zimbabwe (RBZ)'s auction system, which resumed on Tuesday with the official exchange rate now pegged at US$1: $70...Published: 12 Jan 2023 at 07:38hrs | 2147 | by Staff Reporter
Zimdollar plunges to record low
Zimbabwe's currency plunged to a record in the unauthorised market on Monday after the government urged suppliers not to buy foreign currency with payments recently received from the government....Published: 10 Jan 2023 at 18:25hrs | 3490 | by Staff reporter
Tough foreign exchange regime suffocating economy
Zimbabwe's broad money supply has grown from just under ZW$364,60 billion as of September 2021 to more than ZW$1,920 trillion as of September 2022. This represents growth of over 426% over a period of...Published: 16 Dec 2022 at 00:02hrs | 420 | by Victor Bhoroma
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | 229 | by Victor Bhoroma
'Reserve Bank of Zimbabwe's forex auction shutdown inconsequential'
THE end of year closure of the Reserve Bank of Zimbabwe (RBZ) foreign exchange auction for close to a month will not affect the market because most companies are self-sustaining, analysts said yesterd...Published: 14 Dec 2022 at 06:39hrs | 471 | by Staff reporter
1 000 robbers sent to prison
About 1 000 robbers were convicted and sentenced to imprisonment for periods ranging from 6 months to 60 years during the first 10 months of the year, as the clampdown on rising cases of violent crime...Published: 11 Dec 2022 at 08:54hrs | 222 | by Staff reporter
RBZ clears forex allotment backlog
THE forex allotment backlog worth millions of dollars from the first 93 auctions on the Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction has been cleared, deputy governor Innocent Matshe has ...Published: 09 Dec 2022 at 05:12hrs | 191 | by Staff reporter
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | 203 | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 155 | by Staff reporter
Vendors 4ED target 3 million votes for Zanu-PF
Vendors 4ED plans to mobilise over three million votes for Zanu-PF and President Mnangagwa ahead of next year's harmonised elections, with the group now embarking on an aggressive voter mobilisation p...Published: 04 Dec 2022 at 08:05hrs | 50 | by Staff reporter
Fossil Mines to buys Lafarge Zimbabwe
Fossil Mines (Private) Limited has bought 76,45 percent of Lafarge Zimbabwe stake owned by International Cement Limited.Lafarge Zimbabwe is one of the biggest cement and related products produ...Published: 02 Dec 2022 at 08:38hrs | 3047 | by Simbarashe Sithole
Bankers call for more taxes
BANKERS have urged Finance minister Mthuli Ncube to introduce sin-taxes to help grow the country's revenue base.In his presentation at a Parliament post-budget seminar on Monday, Bankers Assoc...Published: 01 Dec 2022 at 04:59hrs | 408 | by Staff reporter
Vendors 4ED chapter launched
HUNDREDS of vendors gathered in the city centre for the official launch of the Vendors 4ED Bulawayo Chapter yesterday.During the launch, vendors accused the Bulawayo City Council of victimisin...Published: 01 Dec 2022 at 04:55hrs | 135 | by Staff reporter
Zimbabwe's monthly and yearly inflation sustains significant decline
MONTHLY inflation for the period of November 2022 has declined to 1,8%, sustaining significant declines since the month of August, the Zimbabwe National Statistics Agency (Zimstat) reported Monday....Published: 29 Nov 2022 at 19:32hrs | 314 | by Staff reporter
Jeys Marabini is back!
Afro-Jazz musician Jeys Marabini announced his return on stage through an awe-inspiring performance on Saturday night during the launch of his 10th album titled Xola. He performed in front of a packed...Published: 28 Nov 2022 at 04:56hrs | 372 | by Staff reporter
Mthuli Ncube raises VAT, restores duty on basics
Finance minister Mthuli Ncube unveiled his 2023 budget on Thursday, raising value added tax (VAT) in a move the main opposition Citizens Coalition for Change (CCC) described as "an attack on working p...Published: 25 Nov 2022 at 05:21hrs | 10517 | by Staff reporter
Biti dismisses Mthuli Ncube's budget as 'power retention project'
HARARE East Member of Parliament (MP), Tendai Biti has said Finance Prof. Minister Mthuli Ncube should have dollarized the economy as the opposition politician condemned the 2023 budget as "cruel and ...Published: 25 Nov 2022 at 05:17hrs | 687 | by Staff reporter
Civil servants get lion's share
SALARIES for civil servants are set to go up markedly after the Government allocated the biggest chunk of the 2023 National Budget towards the public sector wage bill to cushion workers from the negat...Published: 25 Nov 2022 at 05:05hrs | 518 | by Staff reporter
Zimbabwe miners in urgent plea for forex
THE Chamber of Mines of Zimbabwe says it is engaging authorities to come up with mechanisms that can accommodate the foreign currency requirements for the sector as shortages are weighing down the sec...Published: 24 Nov 2022 at 04:59hrs | 540 | by Staff reporter
'Small gold coins will further anchor stability'
The introduction of small gold coins last week is expected to further stabilise the exchange rate, Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya has said.Large-denomination bullion ...Published: 20 Nov 2022 at 15:34hrs | 85 | by Staff reporter
'Harare roads unsafe'
HARARE Metropolitan provincial secretary Tafadzwa Muguti has said the capital city's roads are no longer safe to drive on.Speaking during a tour of Satewave Technologies premises in Chisipite ...Published: 15 Nov 2022 at 04:53hrs | 1146 | by Staff reporter
Mthuli Ncube pays US$8 500 for Sandra Ndebele's latest album
November 12, 2022, will go down in the history of the arts in Bulawayo and Zimbabwe, not only as a celebration of Sandra Ndebele's 20-year career but as the day an album launch united the arts sector....Published: 14 Nov 2022 at 05:45hrs | 4749 | by Staff reporter
RBZ allocates US$3 billion to businesses
THE Reserve Bank of Zimbabwe says US$3 billion has been allotted to businesses through the RBZ forex auction since its inception in 2020.In a statement yesterday, RBZ Governor, John Mangudya s...Published: 11 Nov 2022 at 05:15hrs | 244 | by Staff reporter
Staff exodus hits State universities
A MASSIVE brain drain has hit the country's State universities with lecturers leaving the country in droves in protest over poor salaries, NewsDay Weekender has learnt.Great Zimbabwe Uni...Published: 07 Nov 2022 at 05:30hrs | 741 | by Staff reporter
50 cars face Zimra auction
THE Zimbabwe Revenue Authority (Zimra) yesterday announced plans to sell nearly 50 impounded and unclaimed vehicles including top-of-the range models that have been stuck at its depots for as much as ...Published: 07 Nov 2022 at 05:30hrs | 681 | by Staff reporter
NRZ auctions disused wagons, obsolete material
THE National Railways of Zimbabwe (NRZ) will this week auction its disused wagons and other obsolete metals, which have become uneconomic to repair due to various reasons including accidents.T...Published: 07 Nov 2022 at 05:26hrs | 283 | by Staff reporter
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