Search / Currency
Spaced out - Zimbabwe Vigil Diary
There was a lot of space in Parliament when Finance Minister Mthuli Ncube delivered his budget. This was partly because the opposition was boycotting the occasion but mainly because of the surprise an...Published: 4 hrs ago | 172 | by Zimbabwe Vigil Diary
Govt to raise passport fees
The registrar-general (RG)'s office says it will up its fees in a bid to marshal enough foreign currency needed to produce sufficient passports for Zimbabweans. This comes as the RG's office i...Published: 7 hrs ago | 2918 | by Staff reporter
Zimbabwe, global de-dollarisation case study - Prof Ncube
Zimbabwe is undergoing a de-dollarisation process that very few countries have successfully implemented and will need time to address the lingering effects of dollarisation, Finance and Economic Devel...Published: 7 hrs ago | 760 | by Staff reporter
RTGS is legal tender, says High Court
Real Time Gross Settlement (RTGS) is legal tender in the country, the High Court has ruled in a case in which an investment company lost its claim for provisional sentence against Fly Africa exe...Published: 7 hrs ago | 516 | by Staff reporter
Mthuli Ncube hails RBZ swift action on CBZ, Ecobank
Finance and Economic Development Minister Professor Mthuli Ncube has praised the Reserve Bank of Zimbabwe (RBZ) for swiftly acting against two banks alleged to have allowed their depositors to make wi...Published: 7 hrs ago | 901 | by Staff reporter
Mnangagwa's govt misses passport deadline
THE government will miss its audacious target of clearing the passport backlog by year end after it emerged that a combination of delays in shipping material and foreign currency was standing in its w...Published: 19 hrs ago | 1245 | by Staff reporter
Why Mthuli Ncube will fail
While I wish Finance Minister Mthuli Ncube to succeed, the path he has followed is doomed to fail. I will detail the reasons why below. The situation in which he has placed Zimbabwe's finances is not ...Published: 17 Nov 2019 at 06:04hrs | 2162 | by Ken Mufuka
Ncube's budget gets thumbs down
Zimbabwe's month-on-month inflation rate quickened to 38,75% in October from 17,7% the previous month as analysts warned that Finance minister Mthuli Ncube's 2020 budget will be rendered useless by so...Published: 17 Nov 2019 at 06:03hrs | 1165 | by Staff reporter
Mnangagwa's minister caught in messy scandal
INDUSTRY and Commerce minister Sekai Nzenza has been accused of failing to pay back US$8 000 she allegedly took from the corruption-ridden National Social Security Authority (NSSA) under the guise of ...Published: 17 Nov 2019 at 06:01hrs | 2109 | by Staff reporter
Red flag over city roads
BULAWAYO councillors are agonising over the city's measly road maintenance budget for the remainder of the year saying that with the rainy season setting in, the city's already bad road network will b...Published: 17 Nov 2019 at 05:57hrs | 160 | by Staff reporter
Zimbabwe to turn Victoria Falls into regional financial centre?
VICTORIA Falls should be turned into a regional financial centre for the Southern African Development Community as its tourism facilities mean it can attract the right clientele that can push the indu...Published: 17 Nov 2019 at 05:25hrs | 439 | by Staff reporter
Mnangagwa threatens cash barons
Zimbabwe's economy will rebound next year, as Government has set a solid foundation for growth despite being plagued by the worst drought in four decades in the 2018/2019 season, President Emmerson Mn...Published: 17 Nov 2019 at 05:25hrs | 604 | by Staff reporter
Millers sell subsided maize at +200% profit
MILLERS are allegedly engaged in massive corruption, where they access cheap maize from Grain Marketing Board, mill a small portion and then divert the rest to rural areas especially those near the co...Published: 17 Nov 2019 at 05:21hrs | 177 | by Staff reporter
Mnangagwa says economy to rebound in 2020
Zimbabwe's economy will rebound next year, as Government has set a solid foundation for growth despite being plagued by the worst drought in four decades in the 2018/2019 season, President Emmerson Mn...Published: 17 Nov 2019 at 05:20hrs | 159 | by Staff reporter
Tendai Biti dismisses Ncube's budget as 'cocktail of cowardice, falsehoods'
The MDC on Thursday dismissed Mthuli Ncube's 2020 budget statement as a "cocktail of cowardice, deception, delay and delusion."Ncube announced a ZWL$63.6 billion budget which he said also mark...Published: 16 Nov 2019 at 19:19hrs | 2488 | by Staff reporter
Outrage over bank charges
Depositors have expressed concern over the high banking charges levied by financial institutions.Speaking at a post-2020 Budget breakfast meeting co-organised by Zimpapers and ZBC in Harare th...Published: 15 Nov 2019 at 19:20hrs | 2728 | by Staff reporter
14 Nov 2017 - a dark day that moved Zimbabwe to another level of suffering and oppression
I remember - as if it were just a few hours ago - waking up as usual at dawn on the morning of 15 November 2017, then routinely checking my WhatsApp, only to be greeted by a barrage of messages to the...Published: 15 Nov 2019 at 13:48hrs | 1840 | by Tendai Ruben Mbofana
ZANU PF Youth leader calls for Mthuli Ncube to resign
ZANU PF Youth League National Commissariat Godfrey Tsenengamu says the Youth League will be marching to the Reserve Bank of Zimbabwe on Monday to push for the resignation of Governor John Mangudya and...Published: 15 Nov 2019 at 09:20hrs | 8571 | by Mandla Ndlovu
Mthuli's budget a drop in the ocean
The 2020 budget is out but the future of the country still looks all gloom and not inspiring at all.The budget lacks clarity and is full of deception, lies and falsehoods. After austerity meas...Published: 15 Nov 2019 at 08:13hrs | 1577 | by Leonard Koni
2 years after Mugabe ouster in a coup: Zimbabwe in an abyss
"Following the address we made on November 13, 2017, which we believe our main broadcaster, the Zimbabwe Broadcasting Corporation and The Herald were directed not to publicise, the situation in our co...Published: 15 Nov 2019 at 06:32hrs | 1183 | by Staff reporter
Zimbabwe to enforce 'use it or lose it' policy for mining assets
Zimbabwe will vigorously enforce a policy to force companies to develop their mining assets and not keep the land for speculative purposes, Mines minister Winston Chitando said on Wednesday.Ch...Published: 15 Nov 2019 at 06:32hrs | 379 | by Staff reporter
Cross now smelling the coffee, but....
IN the Bible, there is a story of the prodigal son who demanded his share of his father's estate, which the father gave him. Shortly after being given his inheritance, the son runs off and squanders t...Published: 15 Nov 2019 at 06:27hrs | 908 | by Amos Mazambani
Mthuli Ncube misses fiscal reform targets
ECONOMIC reforms and austerity measures being spearheaded by Finance minister Mthuli Ncube under the Transitional Stabilisation Programme (TSP) have gone off the rails after it emerged the central ban...Published: 15 Nov 2019 at 06:20hrs | 336 | by Staff reporter
Can new Zimdollar relieve the chronic cash crunch?
Gason Mukuvadzi, a lanky man with boyish looks, sits behind a makeshift desk in Mbare's Mupedzanhamo centre. An umbrella canvas shelters him from the blistering sun as he waits for customers looking t...Published: 15 Nov 2019 at 06:19hrs | 265 | by Staff reporter
Currency change sparks confusion
A SERIES of changes to the country's currency has triggered confusion for accountants, consumers of financial information and investors on the Zimbabwe Stock Exchange (ZSE).The Zimbabwean gove...Published: 15 Nov 2019 at 06:19hrs | 451 | by Staff reporter
Zimdollar and the quest for redemption
A NEW currency is in town and this week we witnessed its physical manifestation exactly four-and-a-half months after its official return. Since February, however, the near-return was almost predictabl...Published: 15 Nov 2019 at 06:18hrs | 146 | by Respect Gwenzi
Ecobank, CBZ fingered in new notes, coins withdrawal scandal
THE Reserve Bank of Zimbabwe (RBZ) has said appropriate disciplinary measures will be taken against Ecobank Zimbabwe and CBZ Bank after two clients withdrew $15 000 and $44 180 respectively from the t...Published: 15 Nov 2019 at 06:14hrs | 560 | by Staff reporter
Zesa struggles to service ring-fenced clients
Zesa Holdings says it is shovelling 400 megawatts towards ring-fenced customers, mainly exporters, but cannot guarantee supply agreements due to depleted capacity to generate or import power. ...Published: 15 Nov 2019 at 06:13hrs | 131 | by Staff reporter
The Budget 2020 - Which way Zimbabwe
In the darkness of the Zimbabwean economy with ordinary people grinding beans using their back Finance Minister Mthuli Ncube casts a very bright light at the end of the tunnel. He said the count...Published: 14 Nov 2019 at 23:50hrs | 2022 | by Dr Masimba Mavaza
No doctors, no currency Zim heading for total collapse
The main functions of the Zimbabwean government are not to: Check and challenge the work of the Government (scrutiny) Make and change laws (legislation) Debate the important issues of the day (debatin...Published: 14 Nov 2019 at 22:06hrs | 3813 | by Bigboy Sibanda
RBZ investigates banks over new currency
The Ministry of Information Publicity and Broadcasting Services has announced that government through the Reserve Bank of Zimbabwe is investigating allegations of abuse of newly released bank notes. ...Published: 14 Nov 2019 at 08:02hrs | 4900 | by Mandla Ndlovu
Mthuli Ncube to present a pro-productivity budget today
Finance and Economic Development Minister Professor Mthuli Ncube presents the 2020 National Budget this afternoon that is expected to help create a fiscal environment that will emphasise production an...Published: 14 Nov 2019 at 05:34hrs | 830 | by Staff reporter
CAAZ mourns funds repatriation
Civil Aviation Authority of Zimbabwe (CAAZ) says failure to repatriate funds to international airlines has piled on to challenges that are discouraging the firm from efficiently discharging duties in ...Published: 14 Nov 2019 at 05:31hrs | 299 | by Staff reporter
MDC to humiliate Mnangagwa today...again
The MDC Members of Parliament are highly expected to implemented their Congress resolution not to recognise President Emmerson Mnangagwa when he arrives in parliament for the budget presentation by Fi...Published: 14 Nov 2019 at 05:02hrs | 5451 | by Mandla Ndlovu
Huge demand for cash
Depositors, who formed long queues at banks and building societies, were withdrawing new coins and notes yesterday after the Reserve Bank of Zimbabwe (RBZ) released the first $30 million on Monday, bu...Published: 13 Nov 2019 at 06:25hrs | 746 | by Staff reporter
Zimbabweans angered by $300 bank withdrawal limits
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 $300 (US$2...Published: 12 Nov 2019 at 18:08hrs | 3997 | by Staff reporter
Long queues as Zimbabwe releases new bank notes, coins
New bank notes and coins finally hit the streets of Zimbabwe on Tuesday after a false start the day before, with depositors forming long queues at banks and ATMs. The new notes are part of Pre...Published: 12 Nov 2019 at 12:07hrs | 3367 | by Staff reporter
Zimbabwe faces mealie-meal shortage
ZIMBABWE faces mealie-meal shortages after government cut maize supplies to local millers by 40% citing funding constraints.Millers get maize from the Grain Marketing Board (GMB) although gove...Published: 12 Nov 2019 at 07:24hrs | 726 | by Staff reporter
Hospital official up for ARV drugs theft
MVURWI District Hospital administrator Florence Makombe is in soup after she allegedly tried to steal a box of antiretroviral (ARV) drugs which were kept at her office due to lack of storage space at ...Published: 12 Nov 2019 at 07:23hrs | 457 | by Staff reporter
RBZ seeks to raise $300m through TBs
GOVERNMENT is seeking to raise another $300 million through Treasury Bills (TBs) to finance its programmes, a month after issuing a sovereign paper with the same amount.In a statement yesterda...Published: 12 Nov 2019 at 07:22hrs | 182 | by Staff reporter
Zimbabwe government deluded about doctors
This has been one of the most deluded period for the Zimbabwe government – even by its own inherently schizophrenic standards — firstly claiming that providing low salaries to workers was economic...Published: 12 Nov 2019 at 07:19hrs | 1086 | by Tendai Ruben Mbofana
Gweru forex dealer acquitted
A 35-YEAR-OLD Gweru man was last week acquitted on charges of illegally dealing in foreign currency.Paradzanai Hamanu of Mkoba 11 appeared before magistrate Edwin Marecha facing a charge of il...Published: 12 Nov 2019 at 07:18hrs | 797 | by Staff reporter
New notes and coins out today
Commercial banks collected $30 million of new notes and coins yesterday from the Reserve Bank of Zimbabwe and account holders should be able to start accessing their $300 weekly cash withdrawal ration...Published: 12 Nov 2019 at 07:10hrs | 312 | by Staff reporter
Cash withdrawals begin today
Commercial banks were collecting $30 million new notes and coins yesterday from the Reserve Bank of Zimbabwe (RBZ) and account holders should be able to start accessing their $300 weekly cash withdraw...Published: 12 Nov 2019 at 07:05hrs | 585 | by Staff reporter
Zimbabweans uninspired by new money
MOST Zimbabweans feel the new currency which will start circulating today will not change anything as long as government has not implemented economic and political reforms to generate market confidenc...Published: 11 Nov 2019 at 21:50hrs | 2176 | by Staff reporter
'Inflation is because TSP failed to factor in drought' - yeah right, sell-out whitewashing Zanu PF tomb
Zimbabwe is well and truly stuck in this hell-on-earth mess! What makes our situation so, so frustrating about it is this is a man-made mess. For the last 39 years and counting the ruling party, Zanu ...Published: 11 Nov 2019 at 09:06hrs | 2832 | by Wilbert Mukori
Mthuli Ncube to present $28,5 billion budget
FINANCE and Economic Development Minister Professor Mthuli Ncube is set to present the 2020 national Budget on Thursday, with industry and citizens expecting better economic fortunes following the num...Published: 11 Nov 2019 at 06:28hrs | 479 | by Staff reporter
Let's embrace new Zimbabwean dollar notes
WE welcome the roll out of the new Zimbabwe dollar five and two dollar notes, which begin circulating today and urge the nation to embrace them as the country takes another major step in its currency ...Published: 11 Nov 2019 at 06:24hrs | 1627 | by Staff reporter
UK to snatch fired Zimbabwe doctors?
British Prime Minister Boris Johnson says his government will fast track visa applications for foreign doctors and nurses - opening new opportunities for over 500 Zimbabwean doctors facing the sack fo...Published: 10 Nov 2019 at 21:32hrs | 2928 | by Press Association
Zimbabwe teachers to work Mondays and Fridays only
Teachers will now work a two-day week after galloping inflation shrivelled their wages, a union said.The Zimbabwe Teachers Association (ZIMTA), the biggest teachers' union in the country, said...Published: 10 Nov 2019 at 21:31hrs | 1545 | by Staff reporter
Load More Stories
