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Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11667 | by Staff reporter
The new PVO law is a sign of a government that fears its own people
The Zimbabwe government has always been afraid of its own people.President Emmerson Mnangagwa's signing of the Private Voluntary Organisations (PVO) Amendment Act, 2025, into law marks yet ano...Published: 12 Apr 2025 at 09:27hrs | 81 | by Tendai Ruben Mbofana
Police in Zimbabwe arrest more money-changers
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit have arrested 10 more illegal currency traders in a renewed crackdown. National police spokesperson Commissioner Paul Nyathi c...Published: 01 Aug 2024 at 09:07hrs | 866 | by Staff reporter
Money changers get bail after 2 months
Two suspected illegal money changers, Abraham Mafukidze (24) and Julius Nyamapfeni, who spent two months in remand prison, have been granted US$50 bail by Masvingo High Court judge Justice Garainesu M...Published: 26 Jun 2024 at 07:12hrs | 10 | by Staff reporter
Zimra faces parly probe
ZIMBABWE may have lost potential revenues running into millions of United States dollars due to lax systems at the Zimbabwe Revenue Authority (Zimra), which is now facing parliamentary probe.T...Published: 19 May 2024 at 12:21hrs | 8 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 16 | by Staff reporter
Zimra can't account for ZW$1 billion
THE Zimbabwe Revenue Authority (Zimra) has failed to account for millions of dollars in tax and deposits paid by clients, amid indications of massive fraud facilitated by weak accounting systems, rais...Published: 31 Oct 2023 at 16:27hrs | 2 | by Staff reporter
Sanctions on Zimbabwe are through ZIDERA and augmented by OFAC
ZIMBABWE remains under a punitive regime of economic sanctions that have negatively impacted the movement of funds and trading capabilities in the past two decades, Reserve Bank of Zimbabwe (RBZ) Gove...Published: 08 Mar 2023 at 05:28hrs | 2 | by Staff reporter
Zimbabwe democratic space narrows ahead of 2023 polls
AS Zimbabwe inches closer to the 2023 general election, the democratic space is narrowing as authoritarian rule takes a toll on the political opposition and civil society.In December alone, cr...Published: 27 Dec 2022 at 06:50hrs | 2 | by Staff reporter
Zimra fails to receipt ZW$1,6bn
THE Zimbabwe Revenue Authority (Zimra) failed to receipt deposits from clients worth close to ZW$2 billion (about US$3 million) last year, according to the Auditor-General Mildred Chiri.This i...Published: 23 Sep 2022 at 19:24hrs | | by Staff reporter
Bill to compel Zimbabwe NGOs to use banking channels
Additional amendments to the Private Voluntary Organisation Amendment (PVO) Bill are being tabled, criminalising civil society organisations' funding of political parties and candidates and providing ...Published: 15 Jul 2022 at 09:04hrs | | by Staff reporter
Interbank rate now sole legal rate, huge penalties for breaches
The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...Published: 29 Jun 2022 at 07:42hrs | 1 | by Staff reporter
Zimbabwe bans US$ sales discounts
FINANCE Minister, Mthuli Ncube on Monday traversed a tight passage as he balanced between the country's pressing economic needs and the tide of rising inflation prompted by external factors and low co...Published: 27 Jun 2022 at 19:06hrs | 7 | by Staff reporter
Zimbabwe further tightens noose on NGOs
GOVERNMENT is further tightening screws on non-governmental organisations (NGOs) operating in the country with Public Service minister Paul Mavima proposing more amendments to the Private Voluntary Or...Published: 21 Jun 2022 at 06:40hrs | 1 | by Staff reporter
Mnangagwa's 'paranoid' measures roundly condemned
VARIOUS stakeholders and experts roundly condemned economic stabilisation measures introduced by President Emmerson Mnangagwa to "stop economic hitmen" from sabotaging his under-fire administration....Published: 11 May 2022 at 09:16hrs | 8 | by Staff reporter
'Mnangagwa's Zimdollar measures show desperation'
THE latest measures by President Emmerson Mnangagwa to halt the sliding Zimdollar are an act of desperation and are not likely to work, analysts have said.Mnangagwa's measures include br...Published: 09 May 2022 at 07:09hrs | 2 | by Staff reporter
Zimdollar challenge thrown out
The challenge by a Harare lawyer to invalidate civil penalties imposed on businesses or individuals refusing to accept local currency suffered a stillbirth after the High Court threw out the applicati...Published: 24 Jan 2022 at 05:24hrs | 2 | by Staff reporter
Court throws out challenge to exchange control ammendments
THE High Court has dismissed an application by human rights lawyer Obert Shava, challenging the constitutionality of Statutory Instrument (SI) 127 of 2021 which imposes civil penalties on those found ...Published: 20 Jan 2022 at 05:40hrs | 3 | by Staff reporter
RBZ goes after currency manipulators
The Reserve Bank of Zimbabwe (RBZ) says it is investigating allegations of currency manipulation by some business entities as well as breaches of the Bank Use Promotion Act.Central bank Govern...Published: 12 Jan 2022 at 23:08hrs | | by Staff reporter
20 years of ruinous sanctions
The unilateral sanctions imposed on Zimbabwe by the West in the last 20 years have, among others, adversely affected the country's ability to boost its manufacturing sector, build health and education...Published: 29 Dec 2021 at 05:21hrs | 11 | by Staff reporter
Fuel to be sold in Z$
THE Government is set to roll out a local currency fuel supply programme which will see a number of garages selling the commodity in local currency.At the moment more than 90 percent of garage...Published: 31 Oct 2021 at 06:57hrs | 10 | by Staff reporter
RBZ, business reach consensus on exchange rates, pricing
A number of agreements were thrashed out yesterday between the Reserve Bank of Zimbabwe and leaders of the business sector to deal with what everyone agreed were unjustified jumps in black-market exch...Published: 12 Oct 2021 at 05:55hrs | 13 | by Staff reporter
Outcry as RTGS fuel is sold in forex
HALF of the fuel on the market is procured through the Reserve Bank of Zimbabwe (RBZ) financial facility and should be sold in local currency, but some unscrupulous garage owners who are benefitting f...Published: 22 Aug 2021 at 07:49hrs | | by Staff reporter
SI127 working well to stop cheats
THE civil penalty system introduced in Statutory Instrument 127 allowing the Reserve Bank of Zimbabwe to hit abusers of foreign currency, and especially the foreign currency auction system, where it h...Published: 11 Jul 2021 at 08:28hrs | | by Staff Reporter
27 firms fined for abusing forex auction system
Twenty one more companies have now been found abusing the foreign currency auction system, bringing the total to 39, and of these, 27 have been assessed civil penalties while 12 others have been issue...Published: 10 Jul 2021 at 10:53hrs | 1 | by Staff reporter
18 forex abusers to pay penalties
The Reserve Bank of Zimbabwe yesterday listed the first 18 firms facing civil penalties under the new Statutory Instrument 127 after being caught abusing the foreign exchange auction system, with Zimb...Published: 16 Jun 2021 at 08:16hrs | 2 | by Staff reporter
MDC linked think-tank raps Mthuli Ncube over use of SIs to set policy
LEGAL think-tank Veritas has accused Finance minister Mthuli Ncube of enacting laws through statutory instruments, which it says was a ploy by the minister to avoid parliamentary scrutiny.In i...Published: 07 Jun 2021 at 06:08hrs | | by Staff reporter
Does Illegal working in the UK make contract of employment unenforceable?
In recent years, the UK courts and tribunals have resisted attempts by employers to use the "illegality defence" to block vulnerable migrant workers' employment tribunal claims.While this case...Published: 23 Aug 2019 at 19:02hrs | | by Muchie Shamuyarira
Legislative reform agenda buttresses Mnangagwa's sincerity
This is the second part of a trilogy of articles that I am writing outlining the reform agenda being pursued by President Mnangagwa in the Second Republic. In the previous article I dwelt on political...Published: 27 Jul 2019 at 16:16hrs | 3 | by Nick Mangwana
Govt clips civil servants' wings
Government has started to change laws that govern civil servants, including clipping their political wings so that they may be apolitical as required by the Constitution.Briefing journalists a...Published: 03 Apr 2019 at 08:25hrs | 4 | by Staff reporter
Civil servants to declare assets
In a first for public administration in the country, Cabinet has approved values and principles of a framework that will see public servants declare assets to ensure accountability. Additional...Published: 03 Apr 2019 at 08:14hrs | 2 | by Staff reporter
Insider trading going unpunished in Zimbabwe
Insider trading offences in Zimbabwe are going unpunished as the law does not provide enough measures for the Securities and Exchange Commission of Zimbabwe to undertake thorough investigations into r...Published: 25 Jan 2019 at 00:32hrs | 1 | by Staff reporter
More and more wives sue 'homewreckers'
Zimbabwean courts are getting inundated with lawsuits of estranged wives suing what they have termed "scheming seductresses" for stealing their men.More and more wives are demanding hefty fina...Published: 04 Nov 2018 at 12:39hrs | 2 | by Staff reporter
Traders sue Zimra
THE High Court is expected rule on a test case in which traders are challenging a Statutory Instrument that gave the Zimbabwe Revenue Authority power to impose civil penalties on businesses that fail...Published: 10 May 2014 at 06:36hrs | 2 | by Daniel Nemukuyu
Zimra sets taxes deadline
ZIMBABWE REVENUE AUTHORITY (Zimra)has set the end of this month as the deadline for the payment of third quarter taxes.In a public notice yesterday, Zimra said all clients whose taxable incom...Published: 18 Sep 2013 at 10:38hrs | | by Staff reporter
Parly nullifies Biti's tax law
PARLIAMENT has nullified Finance Minister Tendai Biti's tax regulations that came into force in January this year on grounds that they are unconstitutional.The nullification of Biti's Fiscali...Published: 06 May 2012 at 07:00hrs | | by Staff reporter
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