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'Zimbabwe among top five remittance destinations'
Global payments firm, World Remit has revealed that Zimbabwe was one of five top African destinations that received most remittances in 2019.Overall remittances channelled through ...Published: 5 hrs ago | 393 | by Staff reporter
Zimbabwe crisis remains a confidence issue
Zimbabweans in particular and the world in general clearly can't find confidence in the Zanu-PF governance system. The enduring crisis in Zimbabwe presents a conundrum to many people.To the ge...Published: 24 hrs ago | 191 | by Learnmore Zuze
Cash barons feel the heat
THE government has unveiled new steps aimed at thwarting cash barons who are causing chaos in the economy by fuelling the foreign currency black market.The punitive measures include seizing th...Published: 27 Jan 2020 at 19:27hrs | 3841 | by Staff reporter
Zimbabwe banks face bleak future
ZIMBABWE's banks may face hurdles in meeting new minimum capital thresholds by year end, analysts have warned.In a show of lack of confidence in the local currency, the Monetary Policy Committ...Published: 26 Jan 2020 at 06:26hrs | 1217 | by Staff reporter
Cash shortages persist
While premiums paid to access cash have dropped from the lofty levels of around 50 percent prior to the injection of additional cash in November last year, they remain high at 30 percent due to the ac...Published: 26 Jan 2020 at 06:12hrs | 137 | by Staff reporter
RBZ sets new capital requirements for banks
The Reserve Bank of Zimbabwe (RBZ) yesterday announced new US dollar-benchmarked capital requirements for banks of up to US$30 million which it says will ensure the stability of local financial instit...Published: 23 Jan 2020 at 06:40hrs | 2927 | by Staff reporter
'Ruling on US$ debt a grand heist'
TUESDAY'S Supreme Court ruling declaring that debts owed in United States dollars (US$) incurred on or before February 22, 2019 should be settled using the Zimdollar at a 1:1 parity will further deepe...Published: 23 Jan 2020 at 06:26hrs | 580 | by Staff reporter
Mnangagwa Executive plots coup against Parliament
WHILE the citizens are glued to the ongoing circus in Vice-President Constantino Chiwenga's messy divorce, President Emmerson Mnangagwa and his Cabinet have decided to sneak in a sinister constitution...Published: 22 Jan 2020 at 07:42hrs | 5827 | by Paidamoyo Muzulu
Former legislator accused govt of being inactive in dealing with economic crisis
Former Bulilima West legislator Norman Mpofu has accused government of being inactive in dealing with economic crisis which has impoverished the majority of citizens.The country is currently r...Published: 20 Jan 2020 at 14:12hrs | 2266 | by Stephen Jakes
We have a full-blown crisis
Phew!What a frenzied week it was as those brats, who are used to hogging TV remote controls or causing unending trouble during holidays, were finally banished to school, where they rightfully ...Published: 19 Jan 2020 at 05:33hrs | 250 | by Bishop Lazarus
China snubs Mnangagwa bailout request
PRESIDENT Emmerson Mnangagwa's desperate attempts to secure a financial rescue package from China were once again flatly rebuffed after Chinese Foreign minister Wang Yi emphasised during his visit thi...Published: 17 Jan 2020 at 06:28hrs | 2786 | by Staff reporter
Guidelines on cryptocurrency to prevent problems in the future
When you start talking about crypto, people will look at you with a questioning eye thinking as if you have lost your mind. You will keep receiving comments that it is unlawful to invest in one. Howev...Published: 13 Jan 2020 at 13:17hrs | 913 | by Staff Writer
Reserve bank to inject 500m cash into circulation
The Reserve Bank of Zimbabwe (RBZ) plans to inject half a billion new notes and coins into circulation by the first half of this year, according to Finance and Economic Development Minister Mthuli Ncu...Published: 12 Jan 2020 at 08:07hrs | 3076 | by Dr Masimba Mavaza
Police brutality riles ZPP
Police brutality has riled the human rights watchdog, Zimbabwe Peace Project which said citizens have fallen victims to the security agents who are supposed to protect them."Police brutality a...Published: 09 Jan 2020 at 07:06hrs | 1325 | by Stephen Jakes
Zimbabwean economy simplified
Issues concerning the economy are vital for any given country's revolutionary and evolutionary path since they are at the core of all movements. Most importantly an economic policy justifies the trans...Published: 08 Jan 2020 at 13:10hrs | 1305 | by Terence Simbi
We cannot allow Chartered Accountants (CA)s to continue killing our companies
As a shareholder with equity in every listed company on the Zimbabwe Stock Exchange (ZSE) with the majority of them battling to survive. The time has come to ask how the Zimbabwean companies and the S...Published: 07 Jan 2020 at 06:12hrs | 9860 | by Engineer Jacob Kudzayi Mutisi
Breaking: Zim Parks Rangers found dead after encounter with Zambian poachers
Two Zim Parks rangers that went missing after a fight with Zambian poachers they had apprehended at Lake Kariba have been found dead, a spokesperson has confirmed. Zim Parks spokesperson Tinas...Published: 06 Jan 2020 at 20:05hrs | 7165 | by Staff Reporter
Machete-wielding gang chops miner
POLICE in Mvuma have launched a manhunt for a three-man machete-wielding gang who waylaid and chopped to death a local miner while a plot-holder watched in horror. The trio allegedly went thro...Published: 04 Jan 2020 at 09:12hrs | 2075 | by Staff Reporter
Currency stability tops RBZ priorities -
Reducing inflation and maintaining a stable exchange rate are the Reserve Bank of Zimbabwe (RBZ)'s top priorities in the new year to bolster President Mnangagwa's drive to increase production, grow th...Published: 03 Jan 2020 at 00:28hrs | 3705 | by Staff Reporter
Noose hangs over bigwigs as ZACC sharpens its claws
The anti-corruption drive has moved a gear up towards prosecution of individuals fingered in graft, with fresh revelations the Attorney-General's Office is now being ropped in to team up with the Nati...Published: 29 Dec 2019 at 07:46hrs | 3134 | by Staff Reporter
Black market driving Zimbabwe business
The black market for foreign currency is driving business in the country, with nearly all businesses and travellers in Zimbabwe obtaining their requirements from the illegal market, a survey by the An...Published: 24 Dec 2019 at 06:59hrs | 3299 | by Staff reporter
Zimbabweans not depositing cash back into banking system'
THE Bankers' Association of Zimbabwe (BAZ) says demand for cash remains higher than supply as many clients do not deposit their funds back into the system despite continued withdrawals. Long w...Published: 24 Dec 2019 at 06:03hrs | 674 | by Staff reporter
'Conflicted people stifling anti-graft fight in Zimbabwe'
African Parliamentarians Network against Corruption (APNAC) Zimbabwe chapter chairperson Priscilla Misihairabwi-Mushonga (pictured below) says institutions responsible for fighting corruption in the c...Published: 23 Dec 2019 at 15:51hrs | 526 | by Staff reporter
Its flawed macro-economic governance systems, Stupid!
PUBLIC Accounts Committee (PAC) chairperson, Honourable Tendai Biti is not only an accomplished lawyer but has also authored a book with Greg Mills and former Nigerian president Olusegun Obasanjo. ...Published: 23 Dec 2019 at 14:44hrs | 273 | by Jameson Dapi
Mthuli Ncube says policy not finance will drive industrialisation
FINANCE and Economic Development Minister, Professor Mthuli Ncube, says revitalising the country's industries is hinged on policy reform and consistency as opposed to increasing budgetary allocations ...Published: 23 Dec 2019 at 07:59hrs | 2182 | by Staff Reporter
Mnangagwa reveals his source of funds
President Emmerson Mnangagwa told members of POLAD on Sunday that banks stamped at his office to offer him loans for his personal and business use. Mnangagwa was addressing reports that he use...Published: 22 Dec 2019 at 11:03hrs | 12464 | by Mandla Ndlovu
Central bank injects more notes into circulation
The Reserve Bank of Zimbabwe injected an additional $20 million of banknotes into circulation in the last week, with much of it channelled to the People's Own Savings Bank (POSB), used to distribute a...Published: 21 Dec 2019 at 07:37hrs | 1613 | by Staff Reporter
ZACC; please realize Marry Chiwenga from remand prison unconditionally: This is downright unfair!!
We read with dismay how Mrs Chiwenga laundered cash and externalized it to foreign banks. What Marry did; this crime she has committed is not new to Zimbabwe. How has it become a crime now for her to ...Published: 16 Dec 2019 at 14:44hrs | 12988 | by Nomazulu Thata
Chamisa hits back at 'thief' Chiwenga
MDC leader Nelson Chamisa yesterday hit back at Vice-President Constantino Chiwenga, saying his party is not interested in sharing power with people that stole elections.Chamisa did not refer ...Published: 15 Dec 2019 at 12:16hrs | 8801 | by Staff reporter
Chamisa speaks on National Dialogue agenda
MDC leader Nelson Chamisa has clarified that his called for a Natioanl Dialogue with President Emmerson Mnabngagwa is not an attempt to smuggle himself into a government position but to discuss the Na...Published: 15 Dec 2019 at 12:12hrs | 2460 | by Mandla Ndlovu
Women ready to deliver Zanu-PF victory
Zanu-PF Women's League stands ready to meaningfully contribute to a 'big margin victory' in the 2023 harmonised elections, the wing's secretary for administration Monica Mutsvangwa, said yesterday....Published: 15 Dec 2019 at 12:06hrs | 394 | by Staff reportr
Zimbabwe austerity measures grind to a halt
Zimbabwe's Minister of Finance has declared the austerity measures officially over. Addressing the delegates to the ZANU PF 18th National Conference in Goromonzi Mthuli states that the government coul...Published: 14 Dec 2019 at 08:24hrs | 2587 | by Dr Masimba Mavaza
Schweppes stops producing Mazoe Orange Crush
LEADING beverages producer, Schweppes Zimbabwe has indefinitely stopped producing its flagship drink, Mazoe Orange Crush, as the company lacks foreign currency to pay a debt to its supplier of vital i...Published: 13 Dec 2019 at 17:48hrs | 4977 | by Staff reporter
NRZ board defies Matiza over US$400 million deal
THE National Railways of Zimbabwe (NRZ) board is defying implementing Transport minister Joel Biggie Matiza's directive to re-tender the entity's US$400 million recapitalisation deal, citing punitive ...Published: 13 Dec 2019 at 08:00hrs | 528 | by Staff reporter
Zimbabwe faces a gloomy 2020
IN the three weeks since the 2020 national budget both the economy and Finance Minister Mthuli Ncube's recovery strategy have drifted closer to the rocks. In their stubborn refusal to heed development...Published: 13 Dec 2019 at 07:30hrs | 788 | by Anthony Hawkins
POSB simplifies banking services
THE People's Own Savings Bank (POSB) has started a process to simplify banking services and easing cash shortages for pensioners and clients in rural areas. General Manager banking operations,...Published: 13 Dec 2019 at 07:23hrs | 418 | by Staff reporter
British pound soars against US dollar as exit poll predicts Conservative majority
The pound has soared against the dollar and the euro as an exit poll predicted a Conservative majority.Sterling hit an 18-month high against the dollar and was in touching distance of pre-Brex...Published: 12 Dec 2019 at 23:06hrs | 2752 | by AP
'My hands are clean' says Kasukuwere
Former Local Government Minister Saviour Kasukuwere says he is not guilty of the US$ 3 Billion that has been reportedly lost to land barons due to illegal land deals involving state land. When...Published: 11 Dec 2019 at 13:51hrs | 10807 | by Mandla Ndlovu
Mnangagwa's govt told not to fund terror gangs
MANICALAND Senator Douglas Mwonzora has called on government to stop funding terror gangs that torment the electorate.Mwonzora said this in the Senate during debate on the Money Laundering and...Published: 09 Dec 2019 at 07:34hrs | 2118 | by Staff reporter
RBZ rejects TBs bids
THE Reserve Bank of Zimbabwe (RBZ) rejected bids submitted for this week's $300 million Treasury Bills (TBs) auction with analysts saying the snub was due to the fact that the central bank could not m...Published: 09 Dec 2019 at 07:17hrs | 1149 | by Staff reporter
Plenty forex for exporters
BUSINESSES should lead by example by trading foreign currency on the interbank platform instead of rushing to the parallel market, a senior banker has said. Speaking at a ZimTrade export aware...Published: 09 Dec 2019 at 06:55hrs | 569 | by Staff reporter
Mobile money, is it not time for interoperability?
A few weeks ago, a mobile money service provider sought to do an upgrade. Ordinarily, upgrades result in more efficiency, but the one in question brought in more glitches instead. The system c...Published: 06 Dec 2019 at 07:08hrs | 198 | by Leroy Dzenga
4 easy ways to transfer money to China
Some of us are blessed to live close to our extended families. However many people live far from family and some are even overseas. If you are someone who has family, close relatives or even friends w...Published: 05 Dec 2019 at 09:32hrs | 2138 | by Staff Writer
'Predatory and restrictive sponsorship clause must be removed'
FORMER Caps United dribbling wizard and football analyst, Alois Bunjira, has called for the removal of the PSL and Delta Beverages sponsorship clause that bars a direct competitor from any involvement...Published: 05 Dec 2019 at 06:30hrs | 216 | by Staff reporter
Cabs to close 4 branches
OLD Mutual subsidiary, Cabs is shutting down four branches by end of January next year as the financial institution streamlines its business model in response to the tough operating environment....Published: 04 Dec 2019 at 09:21hrs | 2362 | by Staff reporter
Introduction of new currency a piecemeal solution
DURING the 2020 national budget presentation in Parliament last month, Finance minister Mthuli Ncube held up a note of the new Zimbabwe dollar and proudly announced that it was tough and resilient....Published: 04 Dec 2019 at 09:20hrs | 1172 | by Staff reporter
Flights disrupted in Zimbabwe due to 'operational limitations'
Zimbabweans finally got access to new low-denomination currency on Tuesday that authorities hope will end chronic cash shortages, but banks maintained an existing weekly withdrawal limit of $20, frust...Published: 03 Dec 2019 at 20:23hrs | 645 | by Staff reporter
Significant decline in cash premiums: RBZ
THE Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has said the recent injection of new bank notes and coins into the system has resulted in significant decline in cash premiums. In ...Published: 03 Dec 2019 at 07:18hrs | 2003 | by Staff rpeorter
Zimbabwe's current economic meltdown beyond description
I am writing this piece writhing in agony because I see helplessness in our society with a moribund leadership on a broad scale. The current economic meltdown is beyond description especially given th...Published: 01 Dec 2019 at 10:20hrs | 2675 | by JJD Dube
Minister Matiza 'lied' to scuttle NRZ deal
Transport minister Joel Biggie Matiza has been accused of deliberately misleading cabinet in a bid to scuttle the US$400 million National Railways of Zimbabwe (NRZ) recapitalisation project.Th...Published: 01 Dec 2019 at 06:11hrs | 546 | by Staff reporter
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