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Zimbabwe may scrap US$ for local transactions without notice
The government has warned that it may scrap the United States dollar for local transactions without notice in a bid to enforce acceptance of the Zimbabwe Gold (ZiG) currency.The ZiG was introd...Published: 22 Mar 2025 at 12:12hrs | 29750 | by Staff reporter
Chaos at Mazowe mine
The situation at Mazowe Jumbo Mine is complex and marred by corruption, violence, and illegal activities. At the center of the controversy is a man named Knowledge Rutavi, who claims to be a represent...Published: 24 Nov 2024 at 17:22hrs | 1232 | by Jumbo resident
'ZiG must go'
The Zimbabwe Gold (ZiG) currency is facing mounting pressure from the business community, which is advocating for its removal due to increasing volatility, despite the Reserve Bank of Zimbabwe's (RBZ)...Published: 24 Oct 2024 at 08:02hrs | 2208 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2670 | by Staff reporter
Steve Hanke celebrates the demise of Zimbabwe's ZiG
US-based economist and currency expert Steve Hanke has issued a stark warning about Zimbabwe's economic situation, claiming that the country's inflation rate has reached a staggering 880% per year, de...Published: 27 Sep 2024 at 08:28hrs | 21561 | by Staff reporter
Mthuli Ncube pleads for patience on ZiG
FINANCE minister Mthuli Ncube has pleaded for patience with the recently introduced Zimbabwe Gold (ZiG) currency amid an uproar from the public over the disruptions it has caused to transactions....Published: 12 Apr 2024 at 09:51hrs | 2 | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | 3 | by Staff reporter
Zimdollar remains legal tender until month-end
The Zimbabwe dollar remains legal tender for all domestic transactions until April 30, when the Zimbabwe Gold (ZiG) notes and coins will come into circulation, the Reserve Bank of Zimbabwe (RBZ) has s...Published: 10 Apr 2024 at 06:02hrs | 3 | by Staff reporter
Zimbabwe's new ZiG spins markets into trading disruptions and uncertainty
Zimbabwe's newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and foreign currency reserves, amid sceptic...Published: 09 Apr 2024 at 06:24hrs | 3 | by Staff reporter
Money changers reject bond notes
Vendors in Harare have ceased accepting bond notes following the introduction of the new currency, the Zimbabwe Gold (ZiG) dollar, despite Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanu's an...Published: 08 Apr 2024 at 10:49hrs | 3 | by Staff reporter
Zapu slams Zimbabwe's new currency ZiG
The 'mother' party ZAPU says as long as the country lacks legitimacy derived from free and fair elections, people will have no faith in a currency produced in Zimbabwe.On April 5, 2024, the ne...Published: 07 Apr 2024 at 21:08hrs | 2 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 29 | by Staff reporter
The Zimbabwe currency crisis as seen from abroad!
AS we go to press, US financial news media has become aware of the Zimbabwe financial crisis.Bloomberg news agency and the Financial Times have reported authoritatively on the events surroundi...Published: 07 Apr 2024 at 10:25hrs | 7 | by Kenneth Mafuka
Anti-Zimbabwe economist says ZiG is old wine in new bottles
Prominent Zimbabwean economist and financial analyst Professor Gift Mugano says the new local currency launched today - unimaginatively named Zimbabwe Gold (ZiG) amid noisy claims by government offici...Published: 06 Apr 2024 at 13:20hrs | | by Staff reporter
Zimbabwe central bank summons Bank CEOs
The Reserve Bank of Zimbabwe (RBZ) has summoned chief executives of key financial institutions, specifically banks, for a meeting tomorrow morning ahead of the much-anticipated launch of a new currenc...Published: 04 Apr 2024 at 10:29hrs | 2 | by Staff reporter
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | 2 | by Staff reporter
Delta, Zimra fight over US$ tax
DELTA Beverages Pvt Ltd is up in arms with the Zimbabwe Revenue Authority (Zimra) after the tax collector concluded that the company had improperly computed its income tax, resulting in the matter spi...Published: 29 Jan 2024 at 10:14hrs | 12 | by Staff reporter
Mnangagwa protects judge facing a series of corruption scandals
SOMETIME in February The NewsHawks reported that the Judicial Service Commission (JSC) had recommended that President Emmerson Mnangagwa must set up tribunals to investigate High Court Justices Webste...Published: 13 Nov 2023 at 21:25hrs | 23 | by Staff reporter
Mnangagwa's integrity continues facing a litmus test
PRESIDENT Emmerson Mnangagwa's integrity continues facing a litmus test with him violating his constitutional obligation to establish a tribunal to investigate the suitability of Justice Webster China...Published: 16 Jul 2023 at 13:54hrs | 17 | by Staff reporter
Government says NO to payment of bills in forex
THE directive late last week by the Government that all local councils must continue charging in local currency as opposed to United States dollars as had just been announced by the Harare City Counci...Published: 03 Jul 2023 at 07:08hrs | 11 | by Staff rporter
Exodus continues as Zimbabwean economy lies in ruins ahead of elections
Soaring inflation and collapsing ‘bond notes' are forcing more and more qualified people and professionals to flee the country.Zimbabwe's poor economic performance and depreciation of the su...Published: 03 Jul 2023 at 07:02hrs | 11 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 17 | by Martin Majaji
Political plot to corrupt Zimbabwe's judiciary?
CORRUPT government officials are maneuvering to manipulate an anticipated investigation into allegations of misconduct and corruption against High Court judge Webster Chinhamora as he is seen to be pr...Published: 02 Apr 2023 at 11:12hrs | 4 | by Staff reporter
Zimbabwe dying slowly
It was a memorable journey back to Zimbabwe five years after I left the country in January 2018 just three months after the November 2017 coup.My friend and I arrived at the Musina border post...Published: 30 Mar 2023 at 11:46hrs | | by Leonard Koni
$20 Zimdollar notes rejected by traders
Public transport operators and traders must accept $20 notes as they are legal tender and failure to accept legal tender in transactions is outside the law, the Finance Ministry warned yesterday....Published: 10 Mar 2023 at 05:19hrs | 1 | by Staff reporter
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 | | by Victor Bhoroma
'Diaspora bond can only worsen Zimbabwe's situation'
ANALYSTS have described Finance minister Mthuli Ncube's latest attempt to secure investment from Zimbabweans living in the diaspora through a diaspora bond as "day dreaming".Addressing diaspor...Published: 03 Oct 2022 at 06:13hrs | 2 | by Staff reporter
Zacc fails to account for expenses
The Zimbabwe Anti-Corruption Commission (Zacc), has failed to produce supporting documents to validate its expenditure in the previous year to auditor-general, Mildred Chiri, a situation that may have...Published: 25 Sep 2022 at 16:46hrs | 1 | by Staff reporter
Mnangagwa sought Magaisa's support after coup?
PRESIDENT Emmerson Mnangagwa is said to have sought the services of vocal critics to sanitise the November 2017 military coup and while he could have succeeded in luring some, several including the la...Published: 13 Jun 2022 at 17:45hrs | 2 | by Staff reporter
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 20 | by Victor Bhoroma
Should Zimbabweans be Commemorating Workers Day?
May day is a commemoration of the historic struggles and gains made by workers and the labour movement, but can Zimbabweans really take part in these historic celebrations as there is not much to appl...Published: 01 May 2022 at 20:55hrs | 1 | by Prince Njagu
Govt must implement economic reforms
IN 2017, Finance and Economic Development minister Mthuli Ncube, Reserve Bank of Zimbabwe governor John Mangudya and the Zanu-PF government lied to the people, saying the bond note was at par with the...Published: 21 Mar 2022 at 06:39hrs | 1 | by Staff reporter
ZANU-PF has nothing new to offer
The Zimbabwe revolutionary party popularly known as Zanu PF has dismally failed to maintain its status quo and has lost its credibility in implementing sound developmental policies and good governance...Published: 10 Feb 2022 at 13:15hrs | | by Leonard Koni
Zimbabwe under ZANU-PF; A revolution derailed
Reader, ZANU-PF ruined Zimbabwe. All the sacrifices made by freedom fighters and the mass during the liberation struggle have all gone to waste because of a handful of ZANU-PF kleptocrats who derailed...Published: 10 Feb 2022 at 12:51hrs | 9 | by Nkosilathi Emmanuel Moyo, Sr
Disgraceful Mnangagwa Delegation on a Shopping Spree in Glasgow
Emmerson Mnangagwa and his ZANU PF delegation are on a shopping spree in Glasgow as the vast of Zimbabweans languish in poverty.Instead of attending the COP26 summit and contribute meaningful ...Published: 02 Nov 2021 at 13:49hrs | 11 | by Prince Njagu
Worthless Zimdollar notes clog banks
BANKS have requested the Reserve Bank of Zimbabwe (RBZ) to decommission $2 and $5 bond notes, saying smaller denomination currency ranges have turned into a burden for financial institutions to keep....Published: 31 Oct 2021 at 07:04hrs | | by Staff reporter
'Dead' 14kg gold smuggler resurfaces, arrested
POLICE in Bulawayo have arrested Jefat Chaganda, the chief suspect in the 14 kilogramme gold case that happened in Plumtree in 2018.The case also resulted in the arrest of nine other suspects ...Published: 19 Sep 2021 at 08:16hrs | 9 | by Staff reporter
Mnangagwa's growing love for rule-by-decree
President Emmerson Mnangagwa has been increasingly making use of Statutory Instruments (SI units) during his tenure as head of State. Analysts are describing it as a form of command politics steering ...Published: 02 Sep 2021 at 06:16hrs | 14 | by Staff reporter
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 1 | by Staff reporter
CABS taken to court over currency conversion
ARCHITECTURAL firm Stone/Beattie Studio has filed a High Court application seeking to recover US$142 000 from Central Africa Building Society (CABS) that was converted to the equivalent local unit fol...Published: 23 Jul 2021 at 08:58hrs | 2 | by Staff reporter
What are we really worth?
Recently I had breakfast with three friends and we were charged at the rate of ZW$115 to US$1 for our food, which was priced in US dollars.later I had coffee with another group of friends and ...Published: 28 May 2021 at 08:06hrs | 1 | by Eddie Cross
Air Zimbabwe admin tables a fresh revival plan
ADMINISTRATORS of Air Zimbabwe (AirZim) have persuaded government to roll out a foreign currency funding model under which industries would be directed to deploy United States dollars into the broke a...Published: 21 May 2021 at 06:03hrs | 13 | by Staff reporter
Mnangagwa has taken us back to 2008
PRESIDENT Emmerson Mnangagwa's administration is plunging Zimbabwe back into the 2008 era when the regime survived on peddling lies. Let us unpack some of the lies and confront them for answers....Published: 04 May 2021 at 06:23hrs | 3 | by Isaac
Grace Mugabe's huge daily cash withdrawals exposed
FORMER first lady Grace Mugabe allegedly made multiple United States dollar cash withdrawals amounting to US$300 000 per day in 2019 from her CBZ Bank account at a time ordinary Zimbabweans were allow...Published: 23 Apr 2021 at 07:31hrs | 1 | by Staff reporter
Zimbabwe govt rejects request to pay duty in forex
This comes as Treasury authorities want to ensure the country moves towards broader use of the local currency.Responding to a letter of request by Shallom Fiscal Consultant managing director, ...Published: 05 Mar 2021 at 17:40hrs | 1 | by Staff reporter
Betting shops gamble with lockdown restrictions
Licensed betting house Moors World of Sport (MWOS) continues to operate some of its branches across the country in theory as internet operations but in practice having staff continually going into the...Published: 13 Feb 2021 at 07:30hrs | 11 | by Staff reporter
'RBZ keeps black market guessing over $50 note'
ZIMBABWE'S markets are struggling to work out the full impact of a Reserve Bank of Zimbabwe (RBZ) move to inject a $50 note, which it sees as vital for stemming a dire liquidity crunch, according to r...Published: 22 Jan 2021 at 06:42hrs | 2 | by Staff reporter
'No permanent friends but interests' Zim-China relation expedition
Late 2020 China and Zimbabwe launched 5 year policies towards the realization of vision 2030, sustainable development goals. Zimbabwe being an ally to China, one can question if this was due to diplom...Published: 20 Jan 2021 at 06:28hrs | 1 | by Theophelous Fifteen
Thieves steal mobile phones at police station
Daring thieves allegedly pounced on Mvurwi police station and stole mobile phones through windows.This happened at three separate houses in the police camp.According to police officers...Published: 12 Dec 2020 at 11:26hrs | 9 | by Simbarashe Sithole
'No cheer under Mnangagwa administration 3 years on'
RESIDENT Emmerson Mnangagwa's new dispensation will this month mark three years in office, with analysts saying there was nothing to cheer about as the regime had failedto fulfil most of its promi...Published: 18 Nov 2020 at 05:35hrs | | by Staff reporter
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