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Illegal forex trader shot and robbed in Bulawayo
Bulawayo has been hit by a rise in violent crime, with an illegal foreign currency dealer becoming the latest victim after being shot and robbed of thousands of US dollars by an armed assailant on Mon...Published: 26 Mar 2025 at 06:50hrs | 681 | by Staff reporter
Zimbabwean man in court for defrauding Defence deputy minister
A 29-year-old man from Maglas Township in Zvishavane, Midlands Province, appeared before the Harare Magistrates Court on Thursday facing a fraud charge after allegedly defrauding Zimbabwe's Defence De...Published: 06 Nov 2024 at 06:57hrs | 1402 | by Staff reporter
Zimbabwe shops impose limits amid panic-buying?
Some shops across Zimbabwe have imposed "one item per person" rules for products such as milk to fend off panic-buying triggered by a new loss of faith in the country's latest currency.Last we...Published: 02 Oct 2024 at 07:57hrs | 1182 | by Staff reporter
RBZ pleads for ZiG acceptance as informal traders insist on US dollar
The Reserve Bank of Zimbabwe on Wednesday said the Zimbabwe dollar remains legal tender until April 30 following reports that informal traders are refusing to accept the currency for fear it will be w...Published: 10 Apr 2024 at 21:55hrs | | by Staff reporter
Service providers stop trading in Zimdollars
A MAJORITY of service providers and shops in the country were yesterday rejecting payments in local currency arguing that they were migrating to the new Zimbabwe Gold (ZiG) currency in a development t...Published: 07 Apr 2024 at 10:07hrs | 1 | by Staff reporter
Forex Trading: Indispensable tools for generating maximum profits
Forex trading is one of the best ways to diversify investment portfolios and earn a living. This activity has become incredibly popular, especially with ...Published: 13 Jul 2023 at 11:14hrs | 29 | by Staff Reporter
Zimbabwe govt appears stumped by latest Zimdollar slide
VICE-PRESIDENT Constantino Chiwenga told attendees at the Zimbabwe International Trade Fair (ZITF) International Business Conference this week, essentially, not to worry about the economy.Spec...Published: 28 Apr 2023 at 07:02hrs | 2 | by Staff reporter
Edgars branch forced to relocation by vendors
GIANT retail clothing company, Edgars Stores Limited, has closed one of its prominent branches in Bulawayo citing the need to secure an alternative location that suits its brand expectation amid press...Published: 28 Feb 2023 at 07:38hrs | 16 | by Staff reporter
Zimbabwe rules out US dollar return
VICE President Constantino Chiwenga has declared Zimbabwe will never revert to the dollarisation era despite evidence the Zimdollar is sharply weakening.Economists have even warned the local c...Published: 21 Feb 2022 at 05:37hrs | | 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
More jail time for illegal forex traders
PROSECUTOR-General, Mr Kumbirai Hodzi, has warned of more jail time for economic saboteurs while the Reserve Bank of Zimbabwe (RBZ) says it will intensify the blitz against manipulation of the local c...Published: 10 Oct 2021 at 06:36hrs | 1 | by Staff reporter
3 passive income trends in 2021
What is passive income? Passive income is exactly what it sounds like; a way of earning money that does not require as much activity as a regular income...Published: 23 Jun 2021 at 10:47hrs | 21 | by Staff Writer
Forex trading guide: 9 valuable guides for beginners
Foreign exchange is one of the many areas people flock towards as far as investing is concerned. Many people around the world make a sustainable living purely from Forex trading. As a matter of fact, ...Published: 06 Feb 2021 at 16:40hrs | 33 | by Staff writer
Zimdollar flat as street traders push cash transactions
The local currency was flat on Tuesday after it depreciated by a marginal 0.004% at the latest auction to trade at 81.3531 against the US dollars while the street rate remains range bound at between 9...Published: 27 Oct 2020 at 17:45hrs | 1 | by Staff reporter
Technology has transformed financial trading for investors
Whether you are a retail or institutional investor planning to buy equities, property, currencies, commodities or futures in the coming months, technology will play a vital role in your attempts to al...Published: 13 Aug 2019 at 14:34hrs | 14 | by Staff Writer
Business ideas for entrepreneurs to try in 2020
Every year 8 from 10 businesses get shut down. There are many reasons why they lack success, but one of the main factors is that the entrepreneurs don’t consider the trends and needs of the market w...Published: 18 Jun 2019 at 15:01hrs | 34 | by Staff Writer
Zimbabwe customers hit back at unscrupulous businesses
Prices of some local products appear to have entered a self-correction mode as consumer demand is said to have declined by at least 40 percent. Just last week, listed beverages giant Delta Cor...Published: 14 May 2019 at 07:27hrs | 1 | by Staff reporter
Money changers feeling the pinch
Black market foreign currency traders have been hit hard by the new measures that were announced by the Reserve Bank of Zimbabwe (RBZ) last week, which have seen parallel rates beginning to stabilise....Published: 26 Feb 2019 at 13:21hrs | | by Staff reporter
What type of forex trader are you?
Forex traders come in all shapes and sizes. Everyone has their own unique style of trading forex, but it is possible to discern some similarities between successful traders. There are some dis...Published: 19 Feb 2019 at 06:44hrs | 33 | by Staff Reporter
Forex traders on the increase
Illegal money changers pose while exchanging a new Zimbabwe bond note (L) and U.S. dollar notes in the capital Harare, Zimbabwe, November 28, 2016. REUTERS/Philimon BulawayoAN increasing numbe...Published: 01 Feb 2019 at 14:10hrs | 1 | by Staff reporter
Government supports online forex traders
THE Government is ready to support the Forex Traders' Association of Zimbabwe (Fotraz) through the establishment of a Special Economic Zone. Industry and Commerce Deputy Minister Raj Modi said this at...Published: 29 Jan 2019 at 23:20hrs | | by Staff reporter
Illegal forex traders desert their usual selling points
The hordes of illegal foreign currency traders who had made the streets of Harare their home are increasingly becoming a rare sight, as President Emmerson Mnangagwa's abatement measures take effect....Published: 14 Nov 2018 at 13:39hrs | | by Staff reporter
'Deal ruthlessly with illegal forex traders' - first deal with Banks for NOT trading
No pain no gain! Is a phrase that has been abused in Zimbabwe to get the poor to give up the little they have for a better tomorrow that is always a day away. After 38 years of these empty promises th...Published: 18 Oct 2018 at 16:47hrs | 1 | by Nomusa Garikai
Rigging the economy proves harder for Mnangagwa?
TWO months after disputed general elections in Zimbabwe‚ President Emmerson Mnangagwa’s spirited efforts to turn around the economy are so far gaining limited traction.His closest rival in...Published: 03 Oct 2018 at 17:52hrs | 1 | by TimesLive.com
Forex trading a hit
FOREX trading has become one of the most innovative ways being used by a number of people in the country for a living.Bulawayo-based forex trade broker Mr Kuda Mazanga said most people especia...Published: 05 Aug 2018 at 09:38hrs | 1 | by Staff reporter
Forex dealers pushed back for Mnangagwa's arrival
Security details yesterday pushed back illegal foreign currency dealers from the Meikles Hotel where President Emmerson Mnangagwa was meeting a high-profile delegation of Chinese investors.Mna...Published: 12 Jun 2018 at 16:30hrs | | by Staff reporter
Mnangagwa headache over moneychangers
Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice.This comes as th...Published: 07 Jun 2018 at 15:13hrs | | by Staff reporter
Forex dealers get free rein
The Zimbabwe Republic Police says it is finding it difficult to bring cash vendors to book because there is need for an officer of the law to witness an illegal transaction before effecting an arrest....Published: 17 Jan 2018 at 05:54hrs | 2 | by Staff reporter
Money changers vow to defy government
ILLEGAL foreign currency traders in Masvingo have vowed to defy a government move to criminalise their trade, saying it is the same administration that has ushered them into the streets because of lac...Published: 30 Sep 2017 at 07:01hrs | | by Staff reporter
'Banks pumping cash into black market'
Banks have been fuelling the currency black market in Zimbabwe by moving bond notes onto the streets in search of the now elusive US dollar, economic experts, monetary and fiscal authorities have conf...Published: 29 Sep 2017 at 16:08hrs | 2 | by Staff reporter
Chinamasa threatens cash, forex traders
CABINET has approved a host of measures to arrest artificial shortages of basic commodities and the price madness triggered by economic saboteurs through social media, with Finance and Economic Develo...Published: 28 Sep 2017 at 06:26hrs | | by Staff reporter
Latest pyramid scheme to hit Bulawayo
On Saturday morning, a horde of well-dressed young men and women turned their backs on the glass doors of a three-star city hotel in disappointment.The man who they had dressed up for had not ...Published: 25 Jul 2017 at 07:22hrs | 1 | by Staff reporter
Forex trader vanishes with investors’ profits
IF it's too good to be true, simply walk away.That's advice one can get from a person that has been swindled off their money in "get rich quick" schemes. Probably about 25 people from Bulawayo...Published: 07 Jul 2017 at 09:25hrs | 465 | by Staff reporter
Notorious Zimbabwean businessmen nabbed trying to smuggle 2kg Gold, USD $1.7 Million
Notorious Zimbabwean businessmen nabbed for trying to smuggle Gold and $1.7 mil Yesterday Messrs Bornface Ndlikimba and Kingsley Ndlalambi appeared before a Mesina Magistrate Court for allegedly smugg...Published: 03 Feb 2017 at 16:17hrs | 15 | by John Zimoto
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