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Gordhan gave tenders to his cronies, leaves a fractured legacy
ONCE praised as an "incorruptible" crusader in South Africa, Pravin Gordhan has left behind a legacy tarnished by mistakes, poor leadership, and growing corruption claims, giving rise to the question ...Published: 11 hrs ago | 329 | by Sizwe Dlamini, Thabo Makwakwa, Manyane Manyane
Zimbabwe sitting on 40 trillion cubic feet of gas in Lupane
Zimbabwe holds vast reserves of untapped methane gas in the Lubimbi area of Lupane, Matabeleland North province, but has struggled for years to secure an investor to begin exploiting this valuable res...Published: 14 Sep 2024 at 12:28hrs | 9554 | by Staff reporter
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 2101 | by Nkosi Moyo
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 6950 | by Staff reporter
Zanu-PF panics over ZiG collapse
ZANU-PF spokesperson Christopher Mutsvangwa has expressed alarm over the devaluation of the Zimbabwe Gold currency (ZWG) and is urging President Emmerson Mnangagwa to take decisive action. Mutsvangwa ...Published: 13 Sep 2024 at 08:12hrs | 3182 | by Staff reporter
Mnangagwa's govt blows unbudgeted US$16m
The government incurred significant unbudgeted expenditures earlier this year by providing twin-cab vehicles to chiefs, a move that has placed their parent ministry in a financial deficit, Finance Min...Published: 13 Sep 2024 at 08:12hrs | 1812 | by Staff reporter
US$ shortages on official market crippling ZiG acceptability
The Confederation of Zimbabwe Industries (CZI) warns that the ongoing US$ shortages on the official market could further undermine the ZiG currency, amid increasing calls for comprehensive reforms to ...Published: 12 Sep 2024 at 08:07hrs | 1764 | by Staff reporter
Starlink rocks Zimbabwe market
The entry of SpaceX's Starlink into the Zimbabwean market is poised to shake up the telecommunications sector, potentially leading to significant changes in service delivery, cost structures, and over...Published: 11 Sep 2024 at 11:59hrs | 2670 | by Staff reporter
Prices soar as new Zimbabwean currency struggles
The launch of Zimbabwe's new currency, the Zimbabwe Gold (ZWG), has been marked by significant challenges, including a sharp rise in basic commodity prices. Since its introduction on April 5 at an exc...Published: 11 Sep 2024 at 09:03hrs | 1014 | by Staff reporter
You can't rig suffering Zimbabweans, Mr. Mnangagwa!
The debate rages on as to President Emmerson Dambudzo Mnangagwa's true intentions regarding his stay in power. Is he stepping down as demanded by the country's Constitution at the end of his t...Published: 08 Sep 2024 at 20:04hrs | 988 | by Tendai Ruben Mbofana
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9236 | by Staff reporter
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 93 | by Staff reporter
China is helping Zimbabwe to modernise
President Mnangagwa has emphasized that Zimbabwe will continue drawing inspiration from China's rapid modernization to improve the living standards of its people. In an interview with China Media Grou...Published: 08 Sep 2024 at 09:25hrs | 98 | by Staff reporter
What Zimbabweans need to know about Starlink, and how to order
GREAT news for internet users across Zimbabwe - Starlink has officially launched nationwide services as of September 7, 2024.After months of anticipation and a slight delay, Zimbabweans can no...Published: 07 Sep 2024 at 16:08hrs | 2559 | by Staff reporter
Chivayo mocks Chimombe, Mpofu
Ex-convict Wicknell Chivayo has ridiculed his detained business associates, Mike Chimombe and Moses Mpofu, dismissing them as “petty criminals” rather than friends.In a post on X, Chivayo ...Published: 07 Sep 2024 at 15:21hrs | 743 | by Staff reporter
Teacher arrested while trying to convert ZiG to US$
Albert Nyambara, a teacher from Marondera who was arrested for attempting to convert his local currency, ZiG, salary into United States dollars, has been summoned to appear at the Marondera Magistrate...Published: 06 Sep 2024 at 17:14hrs | 1833 | by Staff reporter
Zimbabwe banks reduce lending as crisis persists
Zimbabwe's banking sector is facing significant challenges that have limited its ability to lend, according to the Bankers Association of Zimbabwe (BAZ). Key issues include the absence of a le...Published: 06 Sep 2024 at 14:41hrs | 197 | by Staff reporter
2 arrested for allegedly manufacturing fake money
Two men have been arrested for allegedly manufacturing counterfeit US dollar and rand currency from a house in Pretoria.Jude Yaya Oka and Evans Akor Tiku were arrested on Tuesday by the Pretor...Published: 06 Sep 2024 at 07:42hrs | 283 | by Staff reporter
Guard nabbed for insulting Mnangagwa
A 35-year-old security guard from Beitbridge, Ezekiel Chiradza, has been arrested for allegedly accusing President Emmerson Mnangagwa of economic mismanagement. Chiradza also criticized the n...Published: 06 Sep 2024 at 07:21hrs | 135 | by Staff reporter
The US does not cease to amaze
In a terrible case of the pot calling the kettle black, the US government is shamelessly CRIMINALISING a Russian media house RT for allegedly attempting to influence the 2024 US presidential election ...Published: 05 Sep 2024 at 09:47hrs | 556 | by Jonathan Moyo
Kwekweza, Chere, Gwenzi granted bail
The High Court has granted bail to three opposition activists, Namatai Kwekweza, Robson Chere, and Samuel Gwenzi. The three were arrested on 31 July 2024, alongside Vusumuzi Moyo, an artist and sound ...Published: 04 Sep 2024 at 15:07hrs | 107 | by Staff reporter
Zimbabwe central bank injects US$190 million to meet forex demand
Zimbabwe's central bank has injected US$190 million into the foreign-exchange market to meet demand for dollars and maintain economic stability since the introduction of a new bullion-backed currency,...Published: 03 Sep 2024 at 14:37hrs | 452 | by Staff reporter
Revolt at MTN over CEO's 'female favourite'
An ugly battle is brewing at MTN over the direction Africa's biggest mobile network operator is taking under group CEO Ralph Mupita, with executives threatening to quit en masse over his leadership st...Published: 01 Sep 2024 at 11:58hrs | 4525 | by Staff reporter
As Zimbabwe's rail system collapses, vice thrives in the trains left behind
INSIDE the abandoned trains of Zimbabwe's once-proud railway system, sex workers try to catch the attention of passing men, while drug dealers sell codeine-laced cough syrup and homeless families sear...Published: 01 Sep 2024 at 10:22hrs | 390 | by Staff reporter
Zimbabwe central bank says it's intervening in foreign exchange market
Zimbabwe's central bank said it's "strategically intervening" in the foreign-exchange market to meet demand for dollars among lenders amid a slump in the nation's bullion-backed currency.The i...Published: 31 Aug 2024 at 11:14hrs | 625 | by Staff reporter
When dark babies are not good enough! Thank you Andile: what an article!
It is a pity such articles never attract attention they deserve. Your article Andile was a good read and spot on. I do not need to seek far, why our African communities do not see the need to read it....Published: 29 Aug 2024 at 16:28hrs | 1260 | by Nomazulu Thata
Bulawayo sees surge in building investments
Bulawayo, once Zimbabwe's industrial hub, is experiencing a significant re-industrialisation drive, with increasing investor interest and the launch of multi-million dollar projects aimed at restoring...Published: 28 Aug 2024 at 15:28hrs | 3353 | by Staff reporter
Zimbabwe's monthly inflation rises by 0,4%
In August 2024, Zimbabwe experienced a monthly inflation rate of 0.4%, up from - 0.1% in July. This increase was attributed to fluctuations in the parallel market exchange rate, which affected local c...Published: 27 Aug 2024 at 08:13hrs | 236 | by Staff reporter
After ditching the dollar, Zimbabwe now rushing for it at a steeper cost
NEARLY five months after changing its currency to arrest inflation, Zimbabwe is back in familiar territory as the new local unit has started losing ground.The problem seems to be based on how ...Published: 26 Aug 2024 at 08:11hrs | 3915 | by Staff reporter
Mutare lawyer guilty of misconduct
The Law Society of Zimbabwe (LSZ) has found Mutare lawyer Cosmas Chibaya guilty of unprofessional conduct for orchestrating the double sale of land. ...Published: 24 Aug 2024 at 18:45hrs | 988 | by Staff reporter
Zimbabweans use gold-backed ZiG to pay for 40% of transactions
Zimbabweans are using the nation's gold-backed currency for 40% of payments compared with 20% when it first started in April, Finance Permanent Secretary George Guvamatanga said.The ZiG - an a...Published: 22 Aug 2024 at 07:26hrs | 520 | by Staff reporter
ZiG registers gradual growth in transactions
Zimbabwe has seen significant growth in the use of the Zimbabwe Gold (ZiG) currency in domestic transactions since its introduction in April 2024. According to Finance, Economic Development, a...Published: 22 Aug 2024 at 07:04hrs | 158 | by Staff reporter
MTN reports a monster loss
MTN Group, Africa's biggest wireless carrier by revenue, posted its first loss since 2016 after the devaluation of the Nigerian naira crimped income from one of its key markets.The group repor...Published: 19 Aug 2024 at 07:47hrs | 512 | by Staff reporter
Decoloniality - a necessity in Zimbabwean Universities
Colonialism in Africa is not over, rather it is all over. One of the things that has given colonialism this staying power is the education system in Africa that largely mirrors the virtues of imperial...Published: 17 Aug 2024 at 12:54hrs | 283 | by Dr Aribino Nicholas
Hichilema: Absolute power corrupts absolutely
I could not believe what I was hearing. I tried to reassure myself that I was only dreaming. For the third time, I played the video and listened gravely. Again, the words fell like stones into the roo...Published: 15 Aug 2024 at 11:38hrs | 1018 | by Dr. Field Ruwe
5 reasons why Zimbabwe is a popular destination
According to the latest data from Zimstat, Zimbabwe saw a staggering 83.2% increase in tourist arrivals in the first quarter of 2024, compared to the same period last year, with South African travelle...Published: 13 Aug 2024 at 07:48hrs | 705 | by Staff reporter
Aaron Motsoaledi's beef with Zimbabwe resurfaces
South Africa's Health Minister, Aaron Motsoaledi, has criticized Zimbabwe for its deteriorating healthcare system, which has led to an influx of patients into South African hospitals. Zimbabwe's healt...Published: 13 Aug 2024 at 07:05hrs | 1881 | by Staff reporter
Zimra warehouses full of smuggled goods
State warehouses at Beitbridge Border Post are overflowing with intercepted goods as security officials continue to crackdown on smugglers along the border.The use of drones, commercial and ba...Published: 09 Aug 2024 at 07:31hrs | 135 | by Staff reporter
Zimbabwe national guilty of running romance fraud schemes in US
A jury has convicted a woman of laundering money from a variety of scams, including romance fraud online.Sherlyn Sims, a/k/a "Sherlyn Dzinzi," is from Zimbabwe, but she set up business in Geor...Published: 07 Aug 2024 at 14:12hrs | 621 | by Staff reporter
ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 361 | by Staff reporter
South African Rand takes a hit
The rand and a number of South African stocks took a hit on Monday as investors moved away from purchasing riskier assets, and it became evident that the US may enter a recession.The rand was ...Published: 06 Aug 2024 at 09:12hrs | 1340 | by Staff reporter
SA truck intercepted with cigarettes contraband at border
On Thursday, security agents at Beitbridge intercepted a South African truck smuggling 50 boxes of Remington Gold cigarettes, valued at thousands of dollars. The contraband was hidden within a...Published: 04 Aug 2024 at 15:20hrs | 331 | by Staff reporter
ZiG uncertainties to frustrate GDP forecasts
Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term bud...Published: 03 Aug 2024 at 12:57hrs | 192 | by Staff reporter
Zimbabwe nurses hint at fresh strikes
Zimbabwe's public sector nurses are threatening strike action if their demand for increased salaries is not met. The Zimbabwe Nurses Association (Zina) is pushing for a minimum salary of US$840 per mo...Published: 03 Aug 2024 at 12:55hrs | 181 | by Staff reporter
Black-listed govt suppliers face arrest
The Zimbabwean government is set to freeze the bank accounts of 51 suppliers blacklisted for illegal foreign currency dealings. Information, Publicity, and Broadcasting Services permanent ...Published: 03 Aug 2024 at 12:53hrs | 197 | by Staff reporter
'Zimbabwe opposition working with foreign elements to incite civil strife'
ZANU-PF is aware of extraterritorial activities by some opposition figures who are collaborating with external forces to incite civil strife during the SADC Summit, the ruling party's Secretary Genera...Published: 01 Aug 2024 at 09:05hrs | 540 | by Staff reporter
Zimbabweans don't need to be paid by the US to reject oppression, Mr. Mnangagwa!
It never ceases to amaze!Can there be anything more demeaning than an entire nation being regarded as dimwits by its own leaders?What can be more insulting than your own government acc...Published: 31 Jul 2024 at 17:17hrs | 883 | by Tendai Ruben Mbofana
TM Pick n Pay Zimbabwe boss in racism storm, pay scandal
TM Pick n Pay Zimbabwe's Managing Director, Malcolm Mycroft, faces allegations of racism, externalisation of funds, and unfair salary practices, negatively affecting local employees. Reports indicate ...Published: 31 Jul 2024 at 12:59hrs | 2384 | by Staff reporter
Zimbabwe Central Bank says usage of ZiG has doubled
The use of Zimbabwe's bullion-backed currency has doubled since it was launched in early April, central bank Governor John Mushayavanhu told the country's Sunday Mail newspaper.The ZiG is now ...Published: 31 Jul 2024 at 07:07hrs | 915 | by Staff reporter
Zimbabwe shops continue to reject ZiG
The surge in black-market exchange rates, which peaked at US$1:25 ZiG, has led some businesses in Bulawayo to reject transactions in Zimbabwe Gold (ZiG), defying government directives. This defiance u...Published: 30 Jul 2024 at 07:39hrs | 1843 | by Staff reporter
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