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'US$400m facility won't stabilise Zimbabwe economy'
OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currenc...Published: 19 Jul 2023 at 06:43hrs | 1 | by Staff reporter
FNB of South Africa plus 4 other investors vie for Standard Chartered Bank Zimbabwe?
THE proposed takeover of Standard Chartered Bank Zimbabwe (StanChart), the country's oldest financial institution, has moved a gear up after five prospective investors including local and regional ent...Published: 21 Jan 2023 at 11:25hrs | 20 | by Staff reporter
Govt clarifies school fees forex payments
PEGGING school fees in foreign currency is allowed but parents and guardians retain the right to pay fees in the currency of their choice at the prevailin...Published: 06 Dec 2022 at 03:47hrs | | by Staff Reporter
BCC to offer discount for forex payments
Bulawayo councillors have proposed to offer residents that are willing to settle their bills in foreign currency a 50 percent discount.This follows a public outcry after the local authority, a...Published: 26 Jun 2022 at 08:15hrs | 9 | by Staff reporter
Zimra targets US$ tax evaders
THE Zimbabwe Revenue Authority (Zimra) has launched an operation targeting companies not paying taxes in United States dollars despite selling their goods and services in foreign currency.Sect...Published: 08 Apr 2022 at 06:48hrs | | by Staff reporter
Black market rates hurt Zimbabwe economy
GOVERNMENT should take bold steps to tackle the continued speculative parallel market activity whose obscene exchange rates are hurting the entire economy, economist and former Reserve Bank of Zimbabw...Published: 05 Jan 2022 at 05:55hrs | | by Staff reporter
RBZ sets fortnight forex payments window
SIGNIFICANT headway is being made in clearing the backlog of foreign currency allotments and going forward all disbursements will be made within two weeks, the Reserve Bank of Zimbabwe (RBZ) has said....Published: 04 Oct 2021 at 05:52hrs | 3 | by Staff reporter
Councillors want forex payments prioritised
BULAWAYO City councillors want only rate payers paying in foreign currency to use the local authority's main Revenue Hall as a measure to decongest the place and stop the spread of Covid-19.Th...Published: 15 Aug 2021 at 08:38hrs | 2 | by Staff reporter
Zinara pines for forex payments
Transport Minister Biggie Matiza says that the use of US dollars for toll payments, is just a temporary measure that ministry wants to use for the festive season. The long-term strategy the mi...Published: 17 Dec 2020 at 07:15hrs | 2 | by Staff reporter
Firms evade remitting forex taxes
THE Zimbabwe Revenue Authority (Zimra) says it has detected a string of scams in which some companies charging for goods and services in foreign currency have evaded paying taxes in forex.This...Published: 04 Dec 2020 at 07:20hrs | | by Staff reporter
'No 2021 tax clearance certificates to improperly fiscalised operators'
Zimbabwe's tax collector has threatened to withhold 2021 tax clearance certificates to all registered business operators that have not properly fiscalised as most operators are not remitting taxes in ...Published: 27 Nov 2020 at 17:23hrs | | by Staff reporter
Forex payments for forex contracts, says Zimbabwe Court
In a land mark ruling that could have far reaching consequences, a Mutare High Court judge, Justice Isaac Muzenda has ordered that a 2016 contract be settled in US dollars.The recent judgment ...Published: 19 Aug 2019 at 18:23hrs | | by Staff reporter
Parly raps Multichoice over forex payments
Parliamentarians yesterday rapped Multichoice Zimbabwe for demanding payment of DStv subscriptions in foreign currency. It also emerged that Multichoice was obliged to carry Zimbabwe television networ...Published: 26 Jul 2019 at 08:03hrs | 3 | by Staff reporter
Zera raids 2 000+ illegal fuel dealers
THE Zimbabwe Energy Regulatory Authority (Zera) has raided over 2 000 illegal fuel dealers countrywide in the last seven months as part of an ongoing operation to bring sanity to the sector. C...Published: 25 Jun 2019 at 07:32hrs | | by Staff reporter
Network disruptions to continue
DISRUPTIONS to telecommunication networks will continue because operators owe millions of dollars to foreign firms for maintaining and upgrading their infrastructure due to the unavailability of forex...Published: 07 Mar 2019 at 06:53hrs | 3 | by Staff reporter
BCC offers 50% discount for forex payments
BULAWAYO City Council has started implementing a 50 percent debt cancellation policy but only for those paying their bills in foreign currency, while all international organisations operating in the c...Published: 25 Dec 2018 at 07:53hrs | 2 | by Staff Reporter
Strive Masiyiwa opts out as Econet profits surge
After tax profits in Econet Wireless spiked, propped up by increased uptake of data and fintech services although founder, Strive Masiyiwa has now opted out of the day-to-day board functions of the co...Published: 12 Nov 2018 at 06:19hrs | 2 | by Staff reporter
ED sold himself as 'steady and firm hand' - unmasked, 'Mugabe mark 2'
"There have been other worrying signs. At the weekend, in a column for the Sunday Mail, Mnangagwa declared that illegal foreign currency trade had become a "security issue". Mangudya was also quoted i...Published: 17 Oct 2018 at 17:27hrs | 2 | by Nomusa Garikai
Threat to Mnangagwa's economic agenda
As prices rise and the foreign currency black market becomes volatile, Zanu PF will find it harder to resist the urge to repeat its old errors. And, in the centre of it all, will be Emmerson Mnangagwa...Published: 17 Oct 2018 at 07:01hrs | 2 | by newZWire
NMB Bank sources $15 million line of credit facility for exporters
NMB Bank has a $15 million four-year line of credit facility available to exporters, NMB chief executive Ben Washaya told exporters attending a breakfast meeting the bank held for them on Friday last ...Published: 03 Jul 2018 at 10:23hrs | | by Agencies
Zimbabwe left with 1 week's supply of beer
Imbibers and soft drink lovers are headed for hard times as the products are fast running out on supermarket shelves amid revelations that the country's biggest producer, Delta Beverages was left with...Published: 09 May 2018 at 06:59hrs | 3 | by Staff reporter
MP exposes price cheats
MPOPOMA-Pelandaba legislator Joseph Tshuma on Tuesday made surprise visits to Bulawayo businesses, a move that unearthed unjustified price increases in the city.The MP said he decided to embar...Published: 09 Nov 2017 at 05:42hrs | 1 | by Staff reporter
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