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More contractors blacklisted over illegal foreign currency deals
The crackdown on companies that channel funds to the illegal foreign currency market has been widened, with 13 more firms being blacklisted for their involvement.In November last year, 19 comp...Published: 04 Apr 2023 at 06:21hrs | | by Staff reporter
Zimdollar depreciation on parallel and RBZ markets eases
THE depreciation of the Zimbabwean dollar has begun to ease on both the parallel and official market following months of a sustained downward spiral which saw the local currency losing more than half ...Published: 18 Aug 2022 at 06:48hrs | 6 | by Staff reporter
'Forex rentals at blackmarket rates illegal'
PROPERTY owners and managers demanding rentals in foreign currency, without giving tenants an option to pay the equivalent in local currency using the auction rate, risk being arrested as the fight ag...Published: 14 Oct 2021 at 06:21hrs | | by Staff reporter
'Run-away blackmarket rates erode civil service salary gains'
GOVERNMENT is concerned by the increase in prices of goods and services which is eroding civil servants' salaries due to use of black-market forex rates by businesses.To date, the Government h...Published: 12 Oct 2021 at 05:57hrs | 5 | by Staff reporter
Noose tightened on Innscor and other retailers using black market rates
Retailers that continue to flout foreign currency regulations by setting prices in US dollars and then converting at the blackmarket rate will have their operating licences immediately suspended while...Published: 08 Oct 2021 at 06:26hrs | | by Staff reporter
Forex blackmarket: More arrests loom
More people illegally dealing in foreign currency will soon be arrested and more financial institutions charged as Government cracks the whip against those driving and manipulating the black market de...Published: 07 Oct 2021 at 07:01hrs | 3 | by Staff reporter
Zimbabwe tobacco surpasses expectations, but farmers need better deal
ZIMBABWE has this year enjoyed one of its most productive tobacco seasons, but poor payment models for the farmers caused by the currency volatility left many farmers at the mercy of contract buyers....Published: 23 Aug 2021 at 06:52hrs | | by Staff reporter
'Government is best which Governs Least,' Nelson Chamisa
The untimely and unplanned introduction of Statutory Instrument 127 (SI 127) 2021 by the ZANU PF regime shows how Zimbabwe is being run as a mafia state. A dictatorship state, ran by clueless an...Published: 01 Jun 2021 at 15:00hrs | | by Prince Njagu
Masiyiwa, Zimbabwe's messenger of hope
RUNAWAY inflation in Zimbabwe has rendered its currency almost worthless.With US$8 billion in unpaid debt, the country can barely afford services for its citizens, and the deterioration is epi...Published: 08 Dec 2020 at 06:39hrs | 4 | by Staff reporter
Zimbabwe gold smugglers shipping over US$1,5bn a year
GOLD worth over US$1,5 billion is smuggled out of Zimbabwe every year, depriving the cashstrapped economy of crucial foreign-exchange revenues, according to research organisation International Crisis ...Published: 27 Nov 2020 at 07:25hrs | 17 | 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 | | by Staff reporter
Ngarivhume says ban on forex will further destroy the economy
The ban on forex by the ED regime is an ill advised move, a sugar cotted plot to swindle all the forex in the nation and land it in the hands of cartels who seem desperate to destroy the country. The ...Published: 01 Jul 2019 at 07:27hrs | 1 | by Staff Reporter
The pain
Zimbabweans are generally known or referred to as patient, polite, soft, dignified …… bunch of people. Even when one takes too much advantage of these good characteristics sometimes we forgive and...Published: 26 Jan 2019 at 08:50hrs | | by Dr. Takesure Tazvishaya
Zimbabwean fuel shortages exposes ED's softness
If there is a year which every person wishes it goes and never to be remembered again is 2017. Zimbabwe has and is still suffering unprecedented fuel shortages. Queues of more than five miles had seiz...Published: 29 Dec 2018 at 00:41hrs | | by Dr Masimba Mavaza
Acie Lumumba fired?
Finance and Economic Development Minister Mthuli Ncube has dumped Mr Acie Lumumba, as the Chair of Communication Taskforce in the ministry, three days after his appointment. ZimLive also repor...Published: 23 Oct 2018 at 06:13hrs | | by Staff reporter
Continuous importation of forex fuels Zimbabwe blackmarket
ANALYSTS agree that the continuous importation of hard cash into the economy will not improve the prevailing cash shortages in the country, but further fuel the parallel market.This comes as R...Published: 11 Jul 2018 at 07:20hrs | | by Staff rpeorter
Cash crisis, blackmarket rates cripple economy
FEWSNET says the macroeconomic environment remains stressed due to cash shortages and high parallel market rates.Uncertainty around the upcoming elections has caused the parallel market rates ...Published: 09 Jul 2018 at 07:54hrs | | by Staff rpeorter
Zimbabwe Rise
All national stakeholders - the labour, women, youth groups, veterans, political parties, activists, churches, all Zimbabweans from all corners of the world, the young and the old, IT IS TIME to stand...Published: 13 Nov 2017 at 19:41hrs | | by Dr. Takesure Tazvishaya
Mujuru vindicated without measure on economic collapse - NPP member
A National People's Party official Obert Mundevere Ncube has claimed that his boss Joice Mujuru is vindicated without measure on the economic meltdown that has characterized the country for over a dec...Published: 01 Oct 2017 at 08:20hrs | | by Stephen Jakes
Please disengage from panic mode
(This article is based on an observation made by Vivean Taremba Kabade on Saturday the 23rd of September 2017)A tour around major supermarkets in Harare yesterday (23 Sept 2017) indicated that...Published: 26 Sep 2017 at 20:46hrs | | by Vincent Taremba
Zimbabwe fast turning into a coin country
Fears abound that further injection of the bond notes by the RBZ into the market could fuel inflation.IT is high noon in Harare and a young woman in strappy stilettos confidently walks out of ...Published: 27 Apr 2017 at 09:00hrs | | by Staff reporter
When is a rumour a Wiki-rumour?
The Zimbabwean press has been on a feeding frenzy of late. It reminds me of the English literature exam passage that nearly cost me an √¢‚...Published: 15 Dec 2010 at 18:02hrs | | by Lenox Mhlanga
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