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Fresh blitz against illegal forex dealers in Zimbabwe
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) have initiated a crackdown on illegal currency traders. This week, numerous money changers were arrested, with many stil...Published: 19 hrs ago | 368 | by Staff reporter
Neville Mutsvangwa's trial fails to take off
The trial of Neville Mutsvangwa, son of Zanu-PF spokesperson Christopher Mutsvangwa and Women's Affairs Minister Monica Mutsvangwa, did not proceed on Wednesday. Neville, who faces charges of ...Published: 19 Jul 2024 at 06:21hrs | 769 | by Staff reporter
NetOne's going concern status at risk
NetOne Private Limited, a telecommunications company in Zimbabwe, has been identified as technically insolvent and at risk of being unable to sustain its operations, according to a recent report. Rele...Published: 17 Jul 2024 at 06:51hrs | 614 | by Staff reporter
Zimra wins landmark forex tax dispute
In a significant ruling, the Supreme Court has declared that taxpayers cannot avoid paying taxes in foreign currency when their income or sales are in foreign currency. This landmark decision arose fr...Published: 16 Jul 2024 at 13:33hrs | 1529 | by Staff reporter
US$ shortage cripples Bulawayo road works
Bulawayo Mayor David Coltart highlighted significant challenges facing road maintenance in the city, citing a shortage of US dollars as a major hindrance. He explained to Southern Eye that co...Published: 12 Jul 2024 at 09:15hrs | 10 | by Staff reporter
Zimbabwe's ZiG primed for seamless international acceptance and usage
THE country's new currency, Zimbabwe Gold (ZIG) widespread acceptance locally will trigger a seamless acceptance regionally, Monetary Policy Committee member Mr Persistence Gwanyanya has said....Published: 10 Jul 2024 at 15:50hrs | 24 | by Staff reporter
Airtime vendor mistaken for forex dealer, detained for 2 months
Tonderai Hove, a 31-year-old airtime vendor from Beitbridge, Zimbabwe, experienced a moment of relief as he was released from custody after two months. Magistrate Takudzwa Gwazemba ordered his release...Published: 30 Jun 2024 at 18:26hrs | | by Staff reporter
Zimbabwe central bank dragged to court over forex
Linda Tsungirirai Masarira has filed an urgent High Court application against the Reserve Bank of Zimbabwe (RBZ), alleging that ordinary citizens are being unfairly constrained in accessing foreign cu...Published: 21 Jun 2024 at 11:30hrs | | by Staff reporter
Zimbabwe goes after social media foreign currency dealers
The Financial Intelligence Unit (FIU) says it has been monitoring social media platforms where foreign currency dealers have been advertising and promoting their illegal trade.The FIU claims t...Published: 20 Jun 2024 at 14:34hrs | 3 | by Staff reporter
Bogus cop arrested for bashing suspected illegal forex dealer
A phony police officer, identified as Kundai Taruvinga (29), was apprehended while assaulting a Harare man suspected of engaging in illegal foreign currency trading. The incident took place at...Published: 10 Jun 2024 at 08:44hrs | | by Staff reporter
Judge recuses herself from Mutsvangwa bail case
High Court judge Justice Esther Muremba has recused herself in the bail application for Zanu PF bigwigs Monica and Christopher Mutsvangwa's son, Neville, who is accused of violating the Exchange Contr...Published: 27 May 2024 at 10:17hrs | | by Staff reporter
Neville Mutsvangwa's bail ruling postponed
Neville Mutsvangwa, the son of Zanu-PF stalwarts Monica and Christopher Mutsvangwa, will remain in custody for an additional five days as his bail hearing has been rescheduled to May 27.Mutsva...Published: 22 May 2024 at 11:43hrs | | by Staff reporter
'Forex dealer' granted bail
Rangarirai Chimbamba, an alleged illegal foreign currency dealer, has been granted bail by the Harare High Court.According to the National Prosecuting Authority of Zimbabwe (NPAZ), Chimbamba h...Published: 21 May 2024 at 08:16hrs | | by Staff reporter
Zimbabwe's street currency traders to switch to WhatsApp
Zimbabwe's street currency traders are abandoning their regular spots in city centres for messaging platform WhatsApp to evade arrest as the central bank and police crackdown on the unofficial market ...Published: 20 May 2024 at 17:02hrs | 1 | by AStaff reporter
Neville Mutsvangwa detention exposes Mnangagwa, Chiwenga rift?
In a scathing attack, Zanu-PF spokesman Chris Mutsvangwa has implicated Vice President Constantino Chiwenga in the arrest and detention of his son, Neville, on charges of illegal currency trading....Published: 19 May 2024 at 11:58hrs | 1 | by Staff reporter
Is this another catch-and-release?
The arrest of Neville Mutsvangwa has just ruffled feathers and opened a can of worms in Zanu PF's political factional fights. Is this government really serious about fighting corruption in the...Published: 18 May 2024 at 20:50hrs | | by Leonard Koni
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 | 1 | by Staff reporter
Monica Mutsvangwa going through a lot
Women Affairs Minister Monica Mutsvangwa expressed her distress, acknowledging the tumultuous period she is enduring, exacerbated by recent events including her husband's dismissal from Cabinet and he...Published: 18 May 2024 at 12:26hrs | 1 | by Staff reporter
No holy cows in Zimbabwe's forex violations blitz
Zimbabwe's Financial Intelligence Unit (FIU) and the police delivered a firm message yesterday, emphasizing that in the nationwide crackdown on individuals and entities breaching the Exchange Control ...Published: 18 May 2024 at 12:25hrs | 2 | by Staff reporter
It never rains but, it pours for Zimbabwe's economy
For over ten years, Zimbabwe has struggled with its currency. Since 2008, this is the nation's sixth attempt to introduce a new one, the ZiG.Zimbabwe's central bank introduced the Zimb...Published: 18 May 2024 at 10:58hrs | 21 | by Dickson Chikwizo
Wicknell is bumping with the big boys
HE dropped out of school just before he turned 15 and went straight into employment as a wages clerk for a bus company, when, around 1997, he could barely read or write— let alone manage company rec...Published: 16 Apr 2024 at 19:15hrs | 1 | 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
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
How Mushayavanhu just removed zeroes from dying currency
Reserve Bank of Zimbabwe governor John Mushayavanhu has issued his maiden monetary policy statement, bringing with him a new gold-backed currency and promises to end the money-printing that tanked the...Published: 07 Apr 2024 at 10:19hrs | | 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 | | by Staff reporter
Here is how to convert your Zimdollar balances to Zimbabwe Gold (ZiG)
To convert your ZWL balances to ZiG, the formula is dividing the interbank forex rate conversion into ZWL by the foreign currency exchange rate into ZiG given on any day within the 21 days period....Published: 05 Apr 2024 at 21:49hrs | | by Staff reporter
Whistleblower seeks High Court protection
A LOCAL businessman, who exposed a well-organised syndicate for externalising foreign currency through the Reserve Bank of Zimbabwe, has approached the High Court seeking protection since his life is ...Published: 05 Apr 2024 at 06:01hrs | 1 | by Staff reporter
Zimbabwe set to announce fate of Zimdollar
Zimbabwe's currency plunged to yet another record low as citizens rushed to the safety of the US dollar amid speculation an announcement from the central bank on the fate of the local unit is imminent...Published: 04 Apr 2024 at 06:03hrs | | by Staff reporter
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | | by Staff reporter
Revised Starlink Policy for Sustainable Growth - A dedication to Eng. Chemist Siziba
Honorable Minister of Information Communication Technology, Postal and Courier Services, all protocols observed, please receive a request from a group of ...Published: 23 Mar 2024 at 07:04hrs | | by Robert Ndlovu
Exploring the World of Forex Trading in Zimbabwe with MetaTrader 5
Forex trading, the dynamic process of exchanging currencies, is becoming increasingly popular in Zimbabwe. The Forex market offers a viable platform as individuals and traders look for new o...Published: 19 Mar 2024 at 12:16hrs | 3 | by Staff Reporter
Winston Chitando to meet David Coltart
THE Minister of Local Government and Public Works, Winston Chitando is expected in Bulawayo today where he will have two meetings first with the Bulawayo mayor, Councillor David Coltart and later Chie...Published: 08 Mar 2024 at 07:37hrs | | by Staff reporter
Zimbabwe must deal with currency volatility causes, not symptoms
THE United Nations Economic Commission for Africa (Uneca) executive secretary Claver Gatete this week said Zimbabwe should deal with the root causes of currency volatility not symptoms.Gatete ...Published: 07 Mar 2024 at 05:10hrs | | by Staff reporter
'Bulawayo 80% forex rates illegal'
GOVERNMENT has said the decision by the Bulawayo City Council to force residents and businesses to pay 80 percent of rates strictly in foreign currency is illegal and ordered the local authority to re...Published: 20 Feb 2024 at 05:04hrs | | by Staff reporter
Bulawayo City Council demands 80% of rates in forex
THE Bulawayo City Council (BCC) has passed a resolution compelling residents and businesses to pay 80 percent of their rates in foreign currency, arguing that service providers were demanding forex....Published: 18 Feb 2024 at 09:13hrs | | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | | by Staff reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | | by Staff reporter
Zimbabwe seeks to boost trade to bust sanctions
THERE is a need to increase trade with friendly countries as a strategy to counter illegal sanctions imposed on Zimbabwe by some powerful Western nations, President Mnangagwa said here yesterday after...Published: 15 Feb 2024 at 10:02hrs | | by Staff reporter
IMF advises Zimbabwe to adopt forex market reforms
As the instability of the beleaguered Zimbabwe dollar intensifies, the International Monetary Fund (IMF) has advised the government to adopt forex market reforms which are "more transparent and market...Published: 15 Feb 2024 at 10:01hrs | | by Staff reporter
Schools defy Mnangagwa govt directive
Some rogue schools, including some in the public sector, are defying a clearly stipulated Government directives banning the exclusive charging of fees in foreign currency and forcing parents as well a...Published: 08 Feb 2024 at 04:27hrs | | by Staff reporter
Mutsvangwa's lifetime of sackings
ZIMBABWE'S political cauldron bubbled over this weekend with the abrupt firing of Christopher Mutsvangwa as the Veterans of the Liberation Struggle Affairs minister by President Emmerson Mnangagwa....Published: 05 Feb 2024 at 04:13hrs | | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | | by Staff reporter
BCC moves to stem dirt, chaos and decay in CBD
BULAWAYO City Council (BCC) has given informal traders, kombi, bus and pushcart operators, and those involved in illegal car wash business in the city centre an ultimatum to cease their illegal activi...Published: 29 Jan 2024 at 05:57hrs | | by Staff reporter
SA court hears how diesel consignment from British oil company to Zimbabwe 'disappeared'
British oil company BP claimed to have exported a consignment of diesel to Zimbabwe in 2019 - but the fuel never arrived.A case brought by the South African Revenue Service (Sars) in a South A...Published: 17 Jan 2024 at 05:09hrs | | by Staff reporter
US$300 Covid allowance goes permanent as salary
Civil servants will now be receiving the old US$300 Covid-19 allowances as part of their permanent pensionable salary, with the first batches of workers, including uniformed forces and health workers,...Published: 12 Jan 2024 at 05:02hrs | | by Staff reporter
Zimdollar plunges 40% on black market
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 11 Jan 2024 at 15:21hrs | 1 | by Staff reporter
Currency turmoil returns in Zimbabwe
Zimbabwe's dollar has started the new year on the back foot, plunging more than 40% on the parallel market, as high demand for foreign-exchange continues to outstrip supply.A range of factors,...Published: 10 Jan 2024 at 05:57hrs | 1 | by Staff reporter
Zimbabwe govt urged to dollarise pensions
THE Zimbabwe National Union of School Heads (Zinush) has pleaded for the dollarisation of pensions as inflation continues to eat away the life savings of educators, condemning many to poverty after ye...Published: 27 Dec 2023 at 07:32hrs | 1 | by Staff reporter
Zimdollar decline fueled by surge in money supply
THE Zimbabwe dollar has taken a battering in the past month with economists attributing the depreciation of the local currency to increased money supply after private and public sector employees were ...Published: 24 Dec 2023 at 16:10hrs | | by Staff reporter
Civil servants get final bonus payment
The first group of civil servants started receiving the second and final payment of their annual bonus yesterday as per agreement with the employer as the Second Republic continues to walk the talk on...Published: 13 Dec 2023 at 05:12hrs | | by Staff reporter
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