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Gordhan gave tenders to his cronies, leaves a fractured legacy
ONCE praised as an "incorruptible" crusader in South Africa, Pravin Gordhan has left behind a legacy tarnished by mistakes, poor leadership, and growing corruption claims, giving rise to the question ...Published: 4 hrs ago | 209 | by Sizwe Dlamini, Thabo Makwakwa, Manyane Manyane
Prince 'Mgadafi' Dube scores decisive goal for Young Africans
Warriors forward Prince Dube made a significant impact for Young Africans (Yanga) with a crucial goal in their 1-0 away victory over Commercial Bank of Ethiopia FC (CBE) in the first leg of the CAF Ch...Published: 7 hrs ago | 124 | by Staff reporter
Chiwenga says Zimbabwe's monetary policy is in line with SADC integration
Zimbabwe's advancements in the gold sector, including the adoption of a floating exchange rate framework, align closely with the Southern African Development Community's (SADC) goal of achieving regio...Published: 14 Sep 2024 at 16:13hrs | 660 | by Staff reporter
Zimbabwe sitting on 40 trillion cubic feet of gas in Lupane
Zimbabwe holds vast reserves of untapped methane gas in the Lubimbi area of Lupane, Matabeleland North province, but has struggled for years to secure an investor to begin exploiting this valuable res...Published: 14 Sep 2024 at 12:28hrs | 7316 | by Staff reporter
SA Rand ignores Pravin Gordhan death
The South African rand has shown steady performance in the wake of the passing of former Finance Minister Pravin Gordhan, a key figure in the country's economic landscape. Gordhan, who served multiple...Published: 13 Sep 2024 at 16:21hrs | 1239 | by Staff reporter
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 1990 | by Nkosi Moyo
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 6424 | by Staff reporter
Chiwenga backs ZiG
Zimbabwe's monetary policy framework, coupled with the introduction of a stable currency, the Zimbabwe Gold (ZiG), has fostered transactional simplicity, certainty and predictability in the country's ...Published: 13 Sep 2024 at 13:10hrs | 2004 | by Staff reporter
US$ shortages on official market crippling ZiG acceptability
The Confederation of Zimbabwe Industries (CZI) warns that the ongoing US$ shortages on the official market could further undermine the ZiG currency, amid increasing calls for comprehensive reforms to ...Published: 12 Sep 2024 at 08:07hrs | 1761 | by Staff reporter
Robbers in dramatic school heist
Armed with explosives, machetes, and wearing balaclavas, a seven-member gang targeted Eureka Junior School in Banket around 2 a.m. on Tuesday, marking the second such raid in two years.The rob...Published: 12 Sep 2024 at 07:01hrs | 1150 | by Staff reporter
How Mnangagwa - Hichilema relations soured
The strained diplomatic relations between Zambia and Zimbabwe, culminating in Zambian President Hakainde Hichilema's boycott of the recent 44th Sadc summit in Harare, have deep roots tracing back to t...Published: 11 Sep 2024 at 11:53hrs | 1252 | by Staff reporter
90% of Zimbabwe adults in the informal sector
Millions of adult Zimbabweans have been driven into the informal business sector due to the declining formal market, according to a recent statement from the Coalition for Market and Liberal Solutions...Published: 11 Sep 2024 at 08:53hrs | 157 | by Staff reporter
ZiG sabotage
The introduction of the Zimbabwe Gold currency (ZiG) nearly five months ago has contributed to noticeable stability and low inflation, largely due to the Reserve Bank of Zimbabwe's (RBZ) rigorous meas...Published: 10 Sep 2024 at 08:49hrs | 6021 | by Staff reporter
Contractor spills the beans on Harare City Council
Nanotech Solutions, a company contracted by Harare City Council (HCC) to install cost-efficient water treatment technology at Morton Jaffray Water Treatment Plant, has accused councillors and senior o...Published: 10 Sep 2024 at 07:24hrs | 547 | by Staff reporter
Reason why South Africa's Justice Minister Simelane is being 'targeted'
Under-fire Justice Minister Thembi Simelane's VBS woes intensified when she apparently attempted to stop the alleged capture of the justice system, in particular the National Prosecuting Authority's I...Published: 09 Sep 2024 at 15:17hrs | 1896 | by Staff reporter
Zimbabwe must be bold in FDI drive
Finance, Economic Development, and Investment Promotion Permanent Secretary George Guvamatanga has disclosed that the government has been inundated with demands from prospective investors seeking Zimb...Published: 09 Sep 2024 at 08:24hrs | 94 | by Staff reporter
You can't rig suffering Zimbabweans, Mr. Mnangagwa!
The debate rages on as to President Emmerson Dambudzo Mnangagwa's true intentions regarding his stay in power. Is he stepping down as demanded by the country's Constitution at the end of his t...Published: 08 Sep 2024 at 20:04hrs | 987 | by Tendai Ruben Mbofana
CCC participated in 2023 to give Zanu PF legitimacy and perpetuate our suffering for US$1.6m bonanza. Will sellout again 2028!
"Tshabangu smiles all the way to the bank." screamed the Bulawayo 24 headline accompanied by a picture of Senator Sengezo Tshabangu smiling from ear to ear!"Citizens Coalition for Change (CCC)...Published: 08 Sep 2024 at 19:45hrs | 683 | by Wilbert Mukori
Late businesswoman's family pushed for top lawyer's arrest
The family of the late businesswoman Jane Maisiri is calling for the arrest of prominent lawyer Wilson Manase, accusing him of mismanaging her estate since her death in 2002. Manase, appointed as the ...Published: 08 Sep 2024 at 15:16hrs | 1870 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9236 | by Staff reporter
Diaspora community form Funeral and repatriation service fund
Gwanda North community members based in South Africa have formed a funeral and bodies repatriation services group fund due to desperation of some colleagues whenever death strikes across the Limpopo....Published: 08 Sep 2024 at 12:54hrs | 569 | by Stephen Jakes
BCC consider 2 000-metre drilling rigs to exploit aquifer under the city
Bulawayo is exploring the use of deep drilling rigs to access water from aquifers beneath the city as a solution to its ongoing water shortages. Despite being situated atop a significant aquifer, the ...Published: 08 Sep 2024 at 10:06hrs | 950 | by Gary Gerald Mtombeni
Zimbabwe needs $1.6bn to lift crop output after El Nino induced drought
ZIMBABWE needs $1.64 billion to bolster crop production after a devastating drought increased food insecurity and prompted a state of disaster.The southern African nation is targeting a more t...Published: 08 Sep 2024 at 09:46hrs | 59 | by Staff reporter
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 93 | by Staff reporter
Starlink goes live in Zimbabwe, unlimited internet price at $50 per month
SpaceX's broadband satellite internet service, Starlink, is now available in Zimbabwe for US$50 a month, plus US$350 for a setup kit, the company said on its website.Several local companies ha...Published: 07 Sep 2024 at 16:02hrs | 2660 | by Staff reporter
Zimbabwean gold syndicate kingpin accused of acquiring fake South African ID
AN investigation into illicit gold mining has uncovered how one of the accused obtained a fraudulent identity document, 12 years after arriving in South Africa.The home affairs officer probing...Published: 07 Sep 2024 at 10:29hrs | 10130 | by Staff reporter
Tshabangu smiles all the way to the bank
Citizens Coalition for Change (CCC) interim leader Sengezo Tshabangu stands to benefit financially after the government disbursed over ZWL 22 million to the opposition party as part of the political p...Published: 07 Sep 2024 at 10:09hrs | 246 | by Staff reporter
RBZ predicts further Zimbabwe economic downturn
The Reserve Bank of Zimbabwe (RBZ) has revised its 2024 economic growth forecast down to 2%, citing the severe drought's impact on economic activity. This is a sharp decline from earlier estim...Published: 06 Sep 2024 at 14:42hrs | 2571 | by Staff reporter
Zimbabwe banks reduce lending as crisis persists
Zimbabwe's banking sector is facing significant challenges that have limited its ability to lend, according to the Bankers Association of Zimbabwe (BAZ). Key issues include the absence of a le...Published: 06 Sep 2024 at 14:41hrs | 197 | by Staff reporter
2 arrested for allegedly manufacturing fake money
Two men have been arrested for allegedly manufacturing counterfeit US dollar and rand currency from a house in Pretoria.Jude Yaya Oka and Evans Akor Tiku were arrested on Tuesday by the Pretor...Published: 06 Sep 2024 at 07:42hrs | 283 | by Staff reporter
How Zimbabwean accused in gold syndicate acquired SA ID
An investigation into illicit gold mining has uncovered how one of the accused obtained a fraudulent identity document, 12 years after arriving in SA.The home affairs officer probing the case ...Published: 06 Sep 2024 at 07:41hrs | 547 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6005 | by Staff reporter
Armed robbers raid Fawcetts vault get away with $111,000 and R1.2 million
Armed robbers went away with US$111,000 and R1.28 million after targeting a Fawcetts Security facility in Chipinge early Wednesday, police said.Investigators believe at least five armed men we...Published: 05 Sep 2024 at 11:55hrs | 1385 | by Staff reporter
South Africa GDP growth is an 'illusion' benefiting the few
The Economic Freedom Fighters (EFF) have dismissed the recent GDP growth figures released by Statistics South Africa (Stats SA) as "misleading", accusing the government and financial institutions of c...Published: 05 Sep 2024 at 09:17hrs | 183 | by Staff reporter
Sifiso Dabengwa to be buried in South Africa
Zimbabwean-born South African corporate executive Raymond Sifiso Dabengwa, former CEO of MTN Group and Eskom board member, will be laid to rest in Johannesburg on Saturday. Dabengwa, 66, passed away o...Published: 04 Sep 2024 at 15:09hrs | 2208 | by Staff reporter
Zimbabwe Central Bank issues revised forex market guidelines
The Reserve Bank of Zimbabwe (RBZ), through its Exchange Control department, has issued updated guidelines and compliance parameters for the interbank foreign exchange market, emphasizing the limitati...Published: 04 Sep 2024 at 07:46hrs | 125 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27262 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 452 | by Staff reporter
Bulawayo housing stands unaffordable for many
The escalating demand for family housing in Bulawayo has driven housing stand prices beyond many people's reach, as the local authority struggles to provide enough land for the growing number of home ...Published: 02 Sep 2024 at 11:22hrs | 491 | by Staff reporter
Is Zimbabwe headed for another coup?
This season we are living in, it's not a time for a hairdo. People are perching on the edge of the cliff. There is a loud whisper drifting around, almost like a wish among many. These chaps wi...Published: 01 Sep 2024 at 10:25hrs | 2354 | by Tawanda Majoni
Expired, counterfeit products taken to Zimbabwe's rural areas
The Consumer Protection Commission (CPC) has expressed concern over unscrupulous businesses that are channeling expired, counterfeit, and underweight products to rural areas in Zimbabwe, taking advant...Published: 01 Sep 2024 at 10:17hrs | 207 | by Staff reporter
Zimbabwe central bank says it's intervening in foreign exchange market
Zimbabwe's central bank said it's "strategically intervening" in the foreign-exchange market to meet demand for dollars among lenders amid a slump in the nation's bullion-backed currency.The i...Published: 31 Aug 2024 at 11:14hrs | 625 | by Staff reporter
RBZ exempts transactions less than US$10 from bank charges
Starting from 1 September 2024, the Reserve Bank of Zimbabwe (RBZ) will exempt electronic transactions under US$10 (or the ZiG equivalent) from bank charges. This move aims to encourage the use of ele...Published: 31 Aug 2024 at 11:13hrs | 127 | by Staff reporter
'ZiG acceptance rate reaches 91%'
Zimbabwe's local currency, ZiG, has seen a significant boost in public confidence, with acceptance rates soaring to 91% from 61% since its launch in April 2024, according to Reserve Bank of Zimbabwe G...Published: 31 Aug 2024 at 11:12hrs | 1785 | by Staff reporter
Zimbabwean robbers caught planning next hit
Five notorious bank robbers were arrested in Kamativi, Matabeleland North, following a failed robbery at a BancABC branch that allowed police to initiate a series of arrests. The suspects - De...Published: 31 Aug 2024 at 11:11hrs | 634 | by Staff reporter
Rand manipulators must be held accountable by Parliament
African Transformation Movement (ATM) leader Vuyo Zungula has called for those responsible for the rand manipulation to face the wrath of the law.It is alleged that more than 28 banks conspire...Published: 28 Aug 2024 at 14:33hrs | 514 | by Staff reporter
Zesco warns of potential Kariba Power Station shutdown
ZESCO has warned of a critical power supply shortage as water levels approach the minimum operating threshold, with the Kariba North Bank Power Station at risk of shutdown by 14 September 2024. The co...Published: 28 Aug 2024 at 10:51hrs | 330 | by Staff reporter
Local Bank proposes US$35bn loan to Zimbabwe Government
Time Bank of Zimbabwe has proposed a US$35 billion syndicated loan to the government to address compensation obligations for various groups, including previous farm owners and foreign lenders, as part...Published: 27 Aug 2024 at 12:42hrs | 3101 | by Staff reporter
100 Zimbabwean women captured into U.S entrepreneurship program
The U.S. Embassy in Zimbabwe has selected 100 women for training through the Academy for Women Entrepreneurs (AWE), a program aimed at fostering entrepreneurship and economic growth. The init...Published: 27 Aug 2024 at 08:13hrs | 741 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3915 | by Staff reporter
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