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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
Zimbabwe central bank bites back
This year, authorities in Zimbabwe have recorded over 1,100 cases of debit card abuse linked to backstage black market dealers, highlighting the ongoing challenges of a protracted currency crisis. The...Published: 20 Sep 2024 at 09:35hrs | 6198 | by Staff reporter
2 more forex dealers jailed
TWO more illegal foreign currency dealers arrested by police, while changing money have been sentenced to effective terms of three months in jail.Kudakwashe Welcome Maketo (24) and Ishmael Mun...Published: 09 Aug 2024 at 07:30hrs | 236 | 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 | 6 | by Staff reporter
Mthuli Ncube pleads for patience on ZiG
FINANCE minister Mthuli Ncube has pleaded for patience with the recently introduced Zimbabwe Gold (ZiG) currency amid an uproar from the public over the disruptions it has caused to transactions....Published: 12 Apr 2024 at 09:51hrs | 2 | by Staff reporter
'Armed robber' in court for 'killing' policeman
A MAN who allegedly fatally shot a police officer in Bulawayo's New Luveve suburb appeared in court on Friday facing a murder charge.Ntabiso Ncube (43) of Lobengula West suburb in Bulawayo sus...Published: 11 Jul 2023 at 07:38hrs | 12 | by Staff reporter
Bulawayo police descend on money changers
POLICE in Bulawayo have warned members of the public to desist from illegally dealing in foreign currency as they will face the full wrath of the law.Bulawayo police spokesperson Inspector Abe...Published: 24 May 2023 at 06:00hrs | 10 | by Staff reporter
Zimbabwe police raid illegal forex dealers, retrieve 11 POS machines
POLICE in Bulawayo have raided illegal foreign currency dealers and arrested six suspects linked to the abuse of Point of Sale (POS) machines to carry out illicit transactions.Bulawayo provinc...Published: 23 May 2023 at 21:16hrs | 13 | by Staff reporter
Businesses reject the $20 bill in Bulawayo
TRANSPORT operators and most shops in Bulawayo are now rejecting the $20 bill although it is still legal tender in the country.Only big supermarkets like OK Zimbabwe, PicknPay, Choppies, and S...Published: 10 Nov 2022 at 04:56hrs | 1 | by Staff reporter
Illegal forex dealer fined $10 million
Local company, Tererati (Pvt) Limited, involved in illegal foreign currency deals during 2020 in Harare using EcoCash agent lines, was fined $10 498 300 yesterday after admitting to making the illicit...Published: 27 Aug 2022 at 05:59hrs | 12 | by Staff reporter
Money changer survives 5000kv shock
A suspected illegal foreign currency dealer commonly referred to as osiphatheleni in Bulawayo is lucky to be alive after he was shocked by a 5 000 kilovolt electric shocker (taser) by a robber who wan...Published: 07 Aug 2022 at 08:20hrs | 2 | by Staff reporter
'Arresting executives will destabilise market'
THE Confederation of Zimbabwe Industries (CZI) yesterday warned against the arrest of business leaders over alleged currency violations saying this will sour relations between government and business ...Published: 14 Oct 2021 at 06:24hrs | | by Staff reporter
'Forex rentals at blackmarket rates illegal'
PROPERTY owners and managers demanding rentals in foreign currency, without giving tenants an option to pay the equivalent in local currency using the auction rate, risk being arrested as the fight ag...Published: 14 Oct 2021 at 06:21hrs | | by Staff reporter
Forex blackmarket: More arrests loom
More people illegally dealing in foreign currency will soon be arrested and more financial institutions charged as Government cracks the whip against those driving and manipulating the black market de...Published: 07 Oct 2021 at 07:01hrs | 8 | by Staff reporter
Chiwenga fires warning shots
VICE President Dr Constantino Chiwenga has warned illegal foreign currency dealers over their gross financial misconduct that continues to disrupt the journey to prudent economic growth saying the lon...Published: 26 Sep 2021 at 20:03hrs | 8 | by Staff reporter
Armed robbers kill man in home raid
A Bulawayo man was shot dead at his home by four suspected armed robbers in an attack that left his neighbour with gunshot wounds. The man's family talked about the devastation of losing a loved one f...Published: 09 Sep 2021 at 06:11hrs | 16 | by Staff reporter
Cop 'killer' flushed out of Lobengula hideout
A FRACTURED arm and a missing ring finger are the least of Ntabiso Ncube's worries as he stands accused of shooting dead a police officer, who was part of a team that foiled an armed robbery by ...Published: 19 Aug 2021 at 06:32hrs | 4 | by Staff reporter
Cop killer arrested
AN armed robber who shot dead a policeman during a foiled robbery in New Luveve suburb in Bulawayo has been arrested.The policeman, Constable Gibson Tafara Madzimure (35), was shot in the head...Published: 11 Aug 2021 at 18:02hrs | | by Staff reporter
Police officer shot dead while foiling armed robbery in Bulawayo
A police officer died after being shot in the head by armed robbers in Bulawayo's Luveve suburb on Monday night.Constable Gibson Tafara Madzimure, 35, was shot at the home of an illegal foreig...Published: 10 Aug 2021 at 10:08hrs | 5 | by Staff reporter
Shots fired as armed robbers pounce again
SHOTS were fired yesterday in Bulawayo as armed robbers pounced on a suspected illegal foreign currency dealer, robbing him of 110 000 rand and US$700.Scores of onlookers gathered along Josiah...Published: 25 Jul 2021 at 08:05hrs | 1 | by Staff reporter
Mwonzora reported to ZACC over theft of party funds
INTRACTABLE MDC-T activist Patson Murimoga Friday reported his party president, Douglas Mwonzora to the Zimbabwe Anti-Corruption Commission (ZACC) alleging the Nyanga senator, working in cahoots with ...Published: 09 Apr 2021 at 23:01hrs | 4 | by Staff reporter
EcoCash revenue continues to dwindle
CASSAVA Smartech Zimbabwe Limited's subsidiary EcoCash's revenue contributions to the group continue to dwindle following recent operating measures effected by the Reserve Bank of Zimbabwe (RBZ) to cu...Published: 02 Dec 2020 at 06:13hrs | 1 | by Staff reporter
Illegal forex dealers feel the pinch
Black market forex dealers are feeling the heat following a raft of monetary measures recently put in place by the central bank to halt the depreciation of the local currency which had fuelled a spike...Published: 05 Nov 2020 at 21:34hrs | 1 | by Staff reporter
Strict RBZ policies on EcoCash result in $2 billion tax revenue decline
GOVERNMENT'S tough decision to throttle leading mobile money transfer agent, Ecocash has backfired with the Zimbabwe Revenue Authority (ZIMRA) recording a $1.9 billion decline on the 2 % revenue tax c...Published: 27 Oct 2020 at 07:03hrs | | by Staff reporter
Cross-border donkey rustlers on the prowl
To new arrivals, "Dip 27" is no different from any other rural service centre in Madabe communal lands south of Plumtree in Zimbabwe.Yet locals know that the daytime semblance of law-abiding p...Published: 13 Sep 2020 at 07:21hrs | 2 | by Oscar Nkala
Forex black market becomes unpopular
BUREAUX de Change are becoming popular among Bulawayo residents as they are slowly eating into the parallel market's business. To date, the RBZ has licensed over 46 bureaux de change that are ...Published: 20 Aug 2019 at 08:40hrs | 2 | by Staff Reporter
Illegal forex vending sucks in cops
GOVERNMENT efforts to eliminate illegal foreign currency dealers from the streets of Harare are being hampered by the involvement of some unscrupulous police officers in the illicit trade, The Herald ...Published: 18 Jul 2019 at 07:39hrs | | by Staff reporter
11 000 touts, forex dealers arrested
Nearly 11 000 foreign currency dealers, touts and pirate taxi operators have been arrested since January this year during an ongoing operation being conducted countrywide. Most notable arrests...Published: 06 Jul 2019 at 10:02hrs | 2 | by Staff reporter
Big supermarkets castigated for overpricing
Industry and Commerce Minister Honourable Mangaliso Ndlovu has castigated big supermarkets for overpricing their products and exposed a forex syndicate of downtown business owners and illegal foreign ...Published: 04 Jul 2019 at 20:33hrs | 8 | by Staff reporter
Black market loses grip
Some illegal foreign currency dealers have been pushed out of "business" as Statutory Instrument (SI) 142 of 2019 effects continue to hold fort on the foreign exchange market, forcing rates to tumble....Published: 03 Jul 2019 at 08:36hrs | 1 | by Staff reporter
Police arrest 15 forex dealers
The Zimbabwe Republic Police (ZRP) has arrested 15 illegal foreign currency dealers in Harare during an ongoing operation they launched this week. The 15 are still assisting police with investigations...Published: 28 Jun 2019 at 06:16hrs | 1 | by Staff reporter
Mutsvangwa's son in illegal forex deals storm
THE case of Information minister Monica Mutsvangwa and former adviser to the President, Christopher Mutsvangwa's son, Neville, who is allegedly running an illegal foreign currency trading business, ha...Published: 01 Jun 2019 at 07:55hrs | 1 | by Staff reporter
Mutsvangwa son's illegal forex business raided, 4 cops arrested
Four police detectives have been arrested for under-declaring money seized during a raid on an illegal foreign currency trading business owned by the son of a Cabinet minister.Detectives Tafad...Published: 30 May 2019 at 17:28hrs | 4 | by ZimLive
Osiphatheleni run out of money
Most Illegal foreign currency dealers popularly known as Osiphatheleni ran out of money to service their customers today, Monday.The reason, they alleged, was that the government mopped up for...Published: 20 May 2019 at 22:22hrs | 1 | by Methuli Ncube
Corruption is the elephant in the room
No rocket science is needed to appreciate that, coupled with the debilitating effects of sanctions, corruption is one of the major drivers of the political and socio-economic decay in Zimbabwe today. ...Published: 03 May 2019 at 07:10hrs | 2 | by Obert Gutu
Armed robbers choke baby
FIVE robbers armed with a pistol and iron bars allegedly pretended to be police officers, handcuffed a woman who was breastfeeding and put her in leg irons before choking her baby while demanding cash...Published: 16 Apr 2019 at 06:45hrs | 1 | by Staff reporter
4 illegal forex dealers freed on bail
FOUR suspected illegal foreign currency dealers arrested in a weekend police blitz in Marondera were brought to court on Monday and granted $50 bail each.Rutendo Mudzimurema (31), Stephania Go...Published: 27 Feb 2019 at 06:36hrs | 1 | by Staff reporter
24 suspected illegal forex dealers in court
Police have intensified a crackdown on illegal foreign currency dealers under an operation code-named "Dzosai Mari" and 24 suspected dealers appeared at the Harare Magistrates' Courts between Friday a...Published: 27 Feb 2019 at 06:28hrs | 1 | by Staff reporter
Zanu-PF youths raid Kwekwe money changers
ZANU-PF youths over the weekend allegedly unleashed an orgy of violence on suspected illegal money changers in Kwekwe's central business district. The restive youths got away with various amounts in f...Published: 22 Jan 2019 at 08:47hrs | | by Staff reporter
8 in court for illegal forex dealing
Eight suspected money-changers yesterday appeared before the Harare Magistrates' Courts for illegally dealing in foreign currency.Nigel Mangozho, 32, and seven others were caught in the act by...Published: 05 Jan 2019 at 17:16hrs | | by Staff reporter
Bulawayo leads in forex dealers arrests
The Zimbabwe Republic Police has arrested 478 illegal foreign currency dealers as the clampdown on currency trading continues to intensify.Chief police spokesperson Senior Assistant Commission...Published: 28 Dec 2018 at 22:19hrs | 1 | by Staff reporter
Flush out money changers, says Zanu-PF
ZANU-PF members in Bulawayo have raised concern over the continued existence of illegal foreign currency dealers they claim are now operating in secret to evade arrest, and called for the re-introduct...Published: 06 Dec 2018 at 06:01hrs | | by Staff reporter
Zimra tightens screws on unexplained wealth
People who acquired unexplained wealth are living on borrowed time as the Zimbabwe Revenue Authority (Zimra) has begun tracking all individuals whose income does not match their expenditure.Th...Published: 25 Nov 2018 at 08:05hrs | 1 | by Staff reporter
Illicit trade in foreign currency must cease
Recent action by government in which it imposed 10-year custodial sentences on illegal foreign currency dealers was overdue although more should be done to exterminate the practice completely....Published: 15 Nov 2018 at 12:55hrs | 1 | by Staff reporter
Bulawayo residents welcome move on illegal forex dealers
Ordinary citizens in Bulawayo have commended President Emmerson Mnangagwa for invoking the Presidential Powers Temporary Measures Amendment of Money Laundering and Proceeds of Crime Act and the Exchan...Published: 13 Nov 2018 at 19:04hrs | 1 | by Staff reporter
Anti-laundering, illicit dealings law takes effect
A clampdown on ill-gotten and unexplained wealth obtained by individuals involved in money laundering, crime and other illicit dealings has come into effect following the amendment of Statutory Instru...Published: 13 Nov 2018 at 19:04hrs | 4 | by Staff reporter
Sandra Ndebele defrauded of US$8 000
SINGER and actress Sandra "Sandy" Ndebele has threatened a civil suit against a Bulawayo woman she accuses of defrauding her of US$8 330 and $80 000 bond notes in a recent deal that went sour....Published: 29 Oct 2018 at 05:47hrs | 37 | by Staff reporter
Let's not indulge obstructionists
The more I see some categories of people who are stridently and rabidly opposing Finance minister Mthuli Ncube's economic stabilisation programme - as opposed to those offering measured and constructi...Published: 26 Oct 2018 at 07:10hrs | 1 | by Conway Tutani
37 forex dealers convicted, money forfeited
AT least 37 illegal foreign currency dealers who were arrested in Harare under "Operation Dzosai mari" on separate occasions during the past few days have appeared at the Harare magistrates' court, wi...Published: 26 Oct 2018 at 06:46hrs | | by Staff reporter
Black market rates nosedive 1:1,5
PARALLEL market rates further plummeted to as low as US$1:RTGS/Bond1,5 this week from a peak of 1:6 in the last two weeks as Government forges ahead with implementing measures to stabilise the economy...Published: 26 Oct 2018 at 06:29hrs | | by Staff reporter
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