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Rogue security agents warned
GOVERNMENT is dealing with armed robbery cases involving members of the security sector and has said those who resist arrest will be shot. Increasing armed robberies, mainly targeting banks an...Published: 13 Apr 2021 at 06:26hrs | 463 | by Staff reporter
Mastercard and Network International Pioneering Africa's digital payment revolution
Civilization has transformed trading and commerce from the prehistoric means which involved barter trades facilitated by the item-to-item exchange. The discrepancies and inconsistencies of goods valu...Published: 12 Apr 2021 at 12:27hrs | 550 | by Staff Writter
The problem was not Mugabe, but Zanu-PF
THE chaos and uncertainty that is rocking Zanu-PF after its chaotic district development coordinating committee elections held last December has left the party weak, fractured, divided and easy to be ...Published: 12 Apr 2021 at 07:16hrs | 1172 | by Chief Chiduku
We're coming for you: Mnangagwa warns financial sector sharks
GOVERNMENT is going to decisively deal with sharks in the financial sector who are profiteering at the expense of the public, President Mnangagwa has said. In an interview ahead of the country...Published: 12 Apr 2021 at 06:56hrs | 732 | by Staff reporter
Zimbabwean man remains missing after Mozambique's Palma terrorist attack
FEARS are growing for a 38-year-old Zimbabwean man missing since March 24 when Islamist insurgents launched an attack on the northern Mozambican coastal town of Palma, a town of approximately 75,000 r...Published: 11 Apr 2021 at 07:00hrs | 1277 | by Staff reporter
Zimbabwe banks shut doors on 99-year farm leases
THE government has been forced to reintroduce its defunct Agricultural Finance Corporation (AFC) after financial institutions grouped under the Bankers Association and resolved not to accept the state...Published: 11 Apr 2021 at 07:00hrs | 1004 | by Staff reporter
Milk shortages hit Zimbabwe
Zimbabwe has been hit by a serious milk shortage, with dairy farmers citing viability challenges emanating from poor producer prices, it has emerged. Zimbabwe Association of Dairy Farmers (ZADF) chair...Published: 11 Apr 2021 at 06:52hrs | 842 | by Staff reporter
'Give us farms' MDC Mwonzora MPs pleads with Mnangagwa's minister
MDC-T MPs Thursday took to task Agriculture Minister Anxious Masuka on why the government's land distribution exercise remained partisan leaving out MDC members, especially MPs.The minister wa...Published: 09 Apr 2021 at 07:43hrs | 3056 | by Staff reporter
'Zimbabwe's financial sector needs to be harmonised,' says Mangudya
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the country must establish a Financial Sector Development Plan (FSDP) as part of efforts to coordinate the operations of companies working in...Published: 09 Apr 2021 at 07:36hrs | 719 | by Staff reporter
FCB, Econet strike deal
FIRST Capital Bank (FCB) has introduced a WhatsApp banking chatbot and a billing system that allows Econet clients access to internet and mobile banking applications at no cost.The two innovat...Published: 09 Apr 2021 at 07:32hrs | 810 | by Staff reporter
Chamisa needs to ditch 'student politics'
POLITICAL analysts have once again warned that the opposition risks being annihilated by Zanu-PF ahead of the 2023 polls, unless they change strategy and pursue national dialogue.In addition, ...Published: 08 Apr 2021 at 16:38hrs | 2313 | by Staff reporter
Tourism goods VAT scrapped
GOVERNMENT has removed Value Added Tax (VAT) payable on selected goods and services in the tourism sector in an effort to promote domestic tourism and catapult the industry back to its hey days. ...Published: 08 Apr 2021 at 08:42hrs | 270 | by Staff reporter
Mnangagwa, Sadc leaders in crucial Moza indaba
PRESIDENT Emmerson Mnangagwa will tomorrow join other Southern African Development Community (Sadc) leaders in a crucial regional meeting to map a strategy to fight Islamist militants in Mozambique's ...Published: 07 Apr 2021 at 06:56hrs | 1014 | by Staff reporter
Govt cuts royalties for gold miners
THE government has reduced royalties payable by artisanal and small-scale gold miners from two percentage points to one percentage point for 500 grammes of the precious yellow metal per month....Published: 05 Apr 2021 at 16:58hrs | 696 | by Staff reporter
Rural push spurs NetOne growth
STATE-RUN mobile telecoms firm, NetOne says last year's strategic expansion into outback markets lifted subscribers for its mobile money platform, OneMoney by 500 000, giving it fresh impetus....Published: 04 Apr 2021 at 22:40hrs | 330 | by Staff reporter
Foreign capital will never build Zimbabwe
LOVE it or hate it, the success of the Command Agriculture programme should force local banks to revise the long-held view of tying loans to collateral.If they identify bona fide indigenous pe...Published: 04 Apr 2021 at 22:36hrs | 201 | by Terence Mukupe
Harare says 'Mozambican crisis a regional question'
ZIMBABWE will not individually deploy troops in northern Mozambique to fend off Islamic insurgents who have killed more than 2 500 people and displaced 700 000 others in the country, the government sa...Published: 03 Apr 2021 at 14:49hrs | 792 | by Staff reporter
Ngoni Kudenga rejected by CSC creditors
CREDITORS of the defunct Cold Storage Company have voted Mr Vonani Majoko of Majoko and Majoko Legal Practitioners as the new interim corporate rescue practitioner for the country's meat processor and...Published: 02 Apr 2021 at 09:09hrs | 147 | by Staff reporter
RBZ holds policy rate at 40%
THE Reserve Bank of Zimbabwe (RBZ) says the recently appointed monetary policy committee (MPC) agreed to maintain the bank's policy rate at 40%, as it fights to avoid a recession through a rate hike t...Published: 01 Apr 2021 at 07:25hrs | 961 | by Staff reporter
The Liberation War in Nkayi, Matebeleland: The Agenda by Rhodesian Army & State to starve 'terrorists', a personal experience!
In today's Africa, we often ascribe the violation of African rights to only African governments and easily forget a long-standing history of wanton violation of African rights by gun-ho racialist geno...Published: 29 Mar 2021 at 22:38hrs | 1438 | by Thembani Dube
OneMoney records growth in subscriptions
State Owned Mobile communications giant NetOne's mobile money platform OneMoney, has witnessed a significant rise in number of new subscribers.This follows the statistics from the just release...Published: 29 Mar 2021 at 18:53hrs | 344 | by Tarisai Mudahondo
AfDB pegs Zimbabwe growth at 4,2%
ZIMBABWE'S economy contracted by 10% last year and is envisaged to grow by 4,2% in 2021 if effective measures are taken to stabilise foreign exchange and avoid excessive money creation, the African De...Published: 29 Mar 2021 at 06:26hrs | 348 | by Staff reporter
Mthuli Ncube refuses to increase cash withdrawal limits
FINANCE minister Mthuli Ncube says there is no need to increase the weekly $2 000 bank withdrawal limit for individuals as a move to combat the black market. This comes as the Treasury chief a...Published: 28 Mar 2021 at 16:25hrs | 1924 | by Staff reporter
New COVID-19 variants already in Zimbabwe
HEALTH experts yesterday warned the new COVID-19 variants were already in Zimbabwe and that the country could be hit by a third wave in six weeks time.They said COVID-19 infections were antici...Published: 27 Mar 2021 at 09:33hrs | 1956 | by Staff reporter
Standard Bank named Best Bank in Africa
Stanbic Bank Zimbabwe's South African-based parent company, Standard Bank Group, has been named the Best Bank in Africa in Global Finance's 28th annual awards for the World's Best Banks. Addit...Published: 26 Mar 2021 at 12:01hrs | 346 | by Agencies
Understanding the Zimbabwe economy
I OFTEN say to visiting experts and diplomats that, if you say you understand Zimbabwe, you have not been here long enough.We are a tiny blip on the global radar but we punch well above our we...Published: 26 Mar 2021 at 05:52hrs | 971 | 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 | 566 | by Staff reporter
75% of Bulawayo's industrial plants idle
THE battle to reposition Bulawayo as the heartbeat of Zimbabwe's industries appears to be hitting a brick wall.Just when national manufacturing output is reportedly rising, Bulawayo's industri...Published: 21 Mar 2021 at 08:36hrs | 296 | by Staff reporter
Card cloner faces arrest
James Malolo (56) from Emthunzini was arrested on Wednesday for shopping sprees using cloned bank cards.He was found with 78 active Zim...Published: 19 Mar 2021 at 13:18hrs | 1072 | by Tarisai Mudahondo
Zimbabwe banks declare 99-year leases worthless
LOCAL banks are demanding personal assets, including houses as collateral to finance agriculture, amid the unresolved confusion over the bankability of 99-year leases.Banks say the risk of fin...Published: 19 Mar 2021 at 09:37hrs | 1856 | by Staff reporter
NRZ breaks new ground
THE National Railways of Zimbabwe (NRZ) engineers have designed and manufactured a load bank, a critical piece of equipment used in workshops to test locomotives.In a statement yesterday, NRZ ...Published: 19 Mar 2021 at 09:33hrs | 2615 | by Staff reporter
RBZ warns banks
The Reserve Bank of Zimbabwe (RBZ) has warned banks which offer overdrafts to companies to buy foreign currency from the auction system saying such a move creates speculation in the market and promote...Published: 18 Mar 2021 at 06:42hrs | 2999 | by Staff rpeorter
'Banks complicit in forex fraud'
A RESERVE Bank of Zimbabwe (RBZ) statement released yesterday exposed how banks have sidestepped central bank policies to help companies access foreign currency without enough reserves to fund their b...Published: 18 Mar 2021 at 05:48hrs | 955 | by Staff reporter
Mthuli Ncube under fire over COVID-19 bailout loan
GOVERNMENT'S management of State coffers has come under scrutiny after Finance minister Mthuli Ncube guaranteed a $10 million loan by a Victoria Falls hotelier to cushion its business against COVID-19...Published: 17 Mar 2021 at 06:33hrs | 1648 | by Staff reporter
Zinara to introduce coupon system at tollgates
THE Zimbabwe National Road Administration (Zinara) is set to introduce a coupon system to address congestion at tollgates which has seen motorists spending a long time in queues. The queues ha...Published: 15 Mar 2021 at 05:02hrs | 799 | by Staff reporter
Robbers raid lodge, make off with US$11,000
ARMED robbers stormed a Bulawayo lodge last Wednesday night and made off with cash and property worth US$11 630, including US$9 050 belonging to an Ethiopian gold dealer.The Ethiopian and a co...Published: 14 Mar 2021 at 06:08hrs | 1311 | by Staff reporter
'Banks must pay interest on deposits'
THE Zimbabwe Coalition on Debt and Development (Zimcodd) has rejected claims by banks that they cannot pay interest on deposits because they are not making profit, arguing domestic financial instituti...Published: 11 Mar 2021 at 06:26hrs | 1924 | by Staff reporter
Hackers fleece supermarket of $22m
TM Pick n Pay lost $22 million to e-mail hacking fraudsters suspected to be targeting huge businesses in the country, police have said. The retail group was deceived through a contrived e-mail...Published: 11 Mar 2021 at 06:13hrs | 728 | by Staff reporter
RBZ issues $400 million Treasury Bills
THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $400 million through the issuance of 270-day Treasury Bills to fund Government programmes and cashflow management. The Central Bank float...Published: 10 Mar 2021 at 05:50hrs | 285 | by Staff reporter
Central bank and monetary policy independence
The government of Zimbabwe recently dissolved the inaugural Monetary Policy Committee (MPC) that had been appointed in September 2019 and swiftly appointed a new team to fill up the void. The committe...Published: 09 Mar 2021 at 22:34hrs | 473 | by Victor Bhoroma
Ex-top banker speaks on daring escape
NMBZ Holdings founder James Mushore has spoken of how he evaded arrest and fled to exile over a decade ago after being accused of externalising foreign currency.Mushore (JM) told Alpha Holding...Published: 07 Mar 2021 at 08:12hrs | 2083 | by Staff reporter
Zimbabwe reports massive growth in production in 2020, despite Covid-19
The world over, with the exception of a few countries, the Covid-19 pandemic resulted in negative economic growth in 2020.In its 2021 Global Economic Prospects report released early January, t...Published: 06 Mar 2021 at 14:14hrs | 1074 | by Staff reporter
Mugabe blocked son-in-law, daughter and nephew over attempts to take over Telecel
WHILE the late former president Robert Mugabe's regime was corrupt and incompetent it allowed ministers, top civil servants and its business cronies to loot public resources Mugabe himself was very st...Published: 06 Mar 2021 at 08:00hrs | 2451 | by Staff reporter
What Zimbabweans must know about Retail Forex Trading
The forex market is the largest financial market in the world surpassing even the global stock markets. The BIS triennial survey of 2019 states that the global forex market generates nearly 6.6 trilli...Published: 06 Mar 2021 at 05:21hrs | 619 | by Staff writer
Ex-RBZ advisors under fire
THE Zimbabwe National Chamber of Commerce (ZNCC) has slammed the Reserve Bank of Zimbabwe (RBZ)'s "underachieving" outgoing monetary policy committee (MPC) saying it lacked depth and expertise to driv...Published: 05 Mar 2021 at 06:57hrs | 1868 | by Staff reporter
Mnangagwa's govt issues ZW$750m fresh guarantees
GOVERNMENT has undertaken to guarantee public and private financial institutions including the Infrastructural Development Bank of Zimbabwe (IDBZ) for debts accrued through the floatation of a series ...Published: 05 Mar 2021 at 06:55hrs | 396 | by Staff reporter
Challenged world is alert and from challenge comes change
As we celebrate the 2021 International Women's Day (IWD) under the theme #ChooseToChallenge, and focus on inclusion and diversity, we reflect on the representation of women in the banking industry....Published: 05 Mar 2021 at 06:38hrs | 76 | by Sibongile Moyo
Corrupt firms banned from the forex auction
GOVERNMENT has suspended 12 companies allegedly involved in transfer pricing from the foreign exchange auction system on suspicion they channel part of the funds from the auction to the parallel marke...Published: 05 Mar 2021 at 06:36hrs | 950 | by Staff reporter
Bank queues a Covid-19 time bomb
BANKS are not adhering to World Health Organisation (WHO) standards and national Covid-19 guidelines as evidenced by their failure to control clients to ensure social distancing. Social distan...Published: 04 Mar 2021 at 06:21hrs | 255 | by Staff reporter
Quicker route to wealth for black Africans
AFRICANS are currently receiving education that orients them towards employment rather than real wealth creation.Most value chains for our daily consumables as black people in Africa are contr...Published: 02 Mar 2021 at 06:44hrs | 1036 | by Dumisani Nduku
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