Search / Illegal money changers
ZiG's false promise: Debunking the gold-backed myth
Some of us said it from day one, but we were accused of being 'prophets of doom'.When the Zimbabwe authorities declared war on illegal money changers, ostensibly, in order to 'defend' the stab...Published: 07 Oct 2024 at 16:36hrs | 1418 | by Tendai Ruben Mbofana
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
ZiG sabotage
The introduction of the Zimbabwe Gold currency (ZiG) nearly five months ago has contributed to noticeable stability and low inflation, largely due to the Reserve Bank of Zimbabwe's (RBZ) rigorous meas...Published: 10 Sep 2024 at 08:49hrs | 6536 | by Staff reporter
Police in Zimbabwe arrest more money-changers
The police and the Reserve Bank of Zimbabwe's Financial Intelligence Unit have arrested 10 more illegal currency traders in a renewed crackdown. National police spokesperson Commissioner Paul Nyathi c...Published: 01 Aug 2024 at 09:07hrs | 866 | by Staff reporter
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: 26 Jul 2024 at 06:33hrs | 494 | by Staff reporter
Money changers get bail after 2 months
Two suspected illegal money changers, Abraham Mafukidze (24) and Julius Nyamapfeni, who spent two months in remand prison, have been granted US$50 bail by Masvingo High Court judge Justice Garainesu M...Published: 26 Jun 2024 at 07:12hrs | 10 | by Staff reporter
'Green Bombers' join ZiG campaign
As the Reserve Bank of Zimbabwe grapples with making the new currency work by using several measures including a crackdown on illegal money changers, government's quasi-military wing, the National You...Published: 25 May 2024 at 13:00hrs | 3 | 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 | 19 | by Staff reporter
FIU sufficiently resourced to fight ZiG saboteurs
The Financial Intelligence Unit (FIU), a division of the Reserve Bank of Zimbabwe (RBZ), is well-equipped with skilled personnel and advanced hardware to tackle financial crimes. Recent recruitment ef...Published: 18 May 2024 at 10:47hrs | | by Staff reporter
CIOs go after illegal money changers 'running down ZiG'
The ruling party Zanu-PF has issued a strong warning to black market traders, accusing them of undermining the newly introduced gold-backed currency, ZiG.Christopher Mutsvangwa, Zanu-PF's secr...Published: 16 Apr 2024 at 19:16hrs | 2 | by Staff reporter
Foreign currency dealers ditch trading spots
MOST illegal money changers popularly known as "Osiphatheleni" have abandoned their traditional trading spots in Bulawayo following the launch by the Government of the new gold-backed currency, the Zi...Published: 09 Apr 2024 at 06:20hrs | 4 | 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
Bogus cops rob money changers
THREE illegal money changers popularly known as osphatheIeni lost an undisclosed amount of money on Thursday after they were attacked by armed robbers during the day.The robbery occurred at Nk...Published: 06 Apr 2024 at 16:06hrs | 1 | by Staff reporter
Robbers pounce on Bulawayo money changers
Two suspected armed robbers pounced on three illegal money changers operating at Bulawayo's Nkulumane Complex Thursday afternoon and got away with an undisclosed amount of money.After the raid...Published: 05 Apr 2024 at 05:59hrs | 1333 | by Staff reporter
BCC sparks controversy with debit cards notice
THE Bulawayo City Council (BCC) was last Friday forced to withdraw a notice stating that only bank debit cards bearing the name of the owner of the property will be accepted for rates payment which wa...Published: 21 Jan 2024 at 07:25hrs | | by Staff reporter
9 robbers shot as cops name 20 most wanted criminals
NINE suspected robbers sustained injuries after they were shot by police in Harare on Thursday in a crackdown, while the hunt is on for 20 suspects whom detectives have named as Zimbabwe's most wanted...Published: 17 Dec 2023 at 09:42hrs | 6 | by Staff reporter
ZRP unveils Top 20 most wanted criminals in Zimbabwe
The Zimbabwe Republic Police (ZRP) has released a list of the country's top 20 most wanted criminals. The individuals on this list are suspected to be involved in a range of criminal activities, from ...Published: 17 Dec 2023 at 08:12hrs | 3211 | by Mandla Ndlovu
DOP President threatens to ban 'omalayitsha', 'osiphatheleni'
LEADER of the opposition, Democratic Official Party (DOP), and presidential candidate in the forthcoming harmonized elections, Engineer Peter Wilson, has pledged to ban cross-border transporters popul...Published: 02 Aug 2023 at 18:10hrs | 3 | by Staff reporter
Mthuli Ncube tours Bulawayo shops, chides business for hiking prices
Continued unjustified fluctuation of prices of goods in supermarkets will force people to import basic commodities from outside the country, Finance Minister Professor Mthuli Ncube has stated....Published: 28 May 2023 at 16:52hrs | 2 | by Staff reporter
Mthuli Ncube confronts Osiphatheleni
THERE was drama around Tredgold Building, which houses the Bulawayo Magistrate Courts yesterday, as illegal money changers ran away at the sight of the Minister of Finance and Economic Development, Pr...Published: 28 May 2023 at 08:03hrs | 4 | by Staff reporter
Mthuli Ncube threatens crackdown on businesses
THERE was drama around Tredgold Building that houses the Bulawayo Magistrates Courts yesterday, as illegal money changers ran away at the sight of the Minister of Finance and Economic Development, Pro...Published: 28 May 2023 at 07:59hrs | 2 | 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
Money changers hijack POS machines for big transactions
DECKED out in trendy designer wear, clutching energy drink cans and munching take-aways while engaging in high-pitched conversations, illegal money changers, popularly known as osiphatheleni who have ...Published: 22 May 2023 at 06:35hrs | 3 | by Staff reporter
Bulawayo pavements on Wednesday morning were generally empty
THE usually congested and chaos-filled Bulawayo pavements between 3rd and 6th Avenues were on Wednesday morning generally empty ahead of the blitz by the local authority to keep the City centre clean ...Published: 11 Jan 2023 at 16:50hrs | 9 | by Staff reporter
Price controls backfires in Zimbabwe
MANUFACTURERS and retailers have reportedly deliberately stopped supplying basic commodities such as mealie-meal, cooking oil and sugar, resulting in shortages as government's pricing regulations begi...Published: 05 Jul 2022 at 07:05hrs | | by Staff reporter
Money changers a product of misgovernance
IN his address at a Zanu-PF campaign rally in Marondera on Sunday, Vice-President Constantino Chiwenga threatened to lock up and impose stiff jail terms on money changers.The Vice-President gl...Published: 22 Feb 2022 at 05:39hrs | 3 | by Staff reporter
Weekly US$50 facility revised
Only pensioners, the elderly, those living with disability and people needing foreign currency for medical bills will be able to continue buying US$50 a week from bureaux de change with everyone else ...Published: 08 Feb 2022 at 05:34hrs | 1 | by Staff reporter
Zinara adjusts toll fees
Toll fees, set in US dollars, but converted at the prevailing auction exchange rate are several months out of date when it comes to local currency will rise today to $220 for a light vehicle to come c...Published: 20 Dec 2021 at 05:42hrs | 11 | by Staff reporter
BCC, Zanu-PF vending bays fight continues
A MEETING held between the Bulawayo City Council (BCC) and Zanu-PF Bulawayo province on Thursday over the control of Fife Avenue vending bays, where the ruling party youths were allocating themselves ...Published: 13 Nov 2021 at 05:58hrs | 10 | by Staff reporter
Man hospitalised after alleged ZRP brutality
A Masvingo ‘illegal' money changer was left ruing his actions to evade law enforcement agents after being hospitalized at Masvingo Provincial Hospital following an alleged attack by a Zimbabwe Repub...Published: 22 Sep 2021 at 06:10hrs | 3 | by Staff reporter
Cops near death as tout mob attacks
PIRATE kombi operators and illegal money changers yesterday allegedly ganged up and attacked traffic police officers who were patrolling in the Bulawayo city centre.The rowdy crew smashed wind...Published: 10 Jun 2021 at 06:25hrs | 1 | by Staff reporter
5 cops injured in rowdy touts - Osiphatheleni attack
SUSPECTED touts and illegal money changers popularly known as Osiphatheleni on Wednesday attacked two police vehicles along Fort Street between 6th and 5th Avenue in the Bulawayo City Centre.F...Published: 09 Jun 2021 at 18:21hrs | 1 | by Staff reporter
Robbers target mines
Police are concerned over a sudden increase in armed robbery cases at mining sites countrywide where criminals are targeting gold and cash.Heavily armed criminal gangs brandishing various weap...Published: 03 Jun 2021 at 06:53hrs | 15 | by Staff reporter
MDC-T activist petitions for Mwonzora arrest
MDC-T activist Patson Murimoga has petitioned Justice minister Ziyambi Ziyambi to arrest opposition leader Douglas Mwonzora for alleged theft of $6 355 000 from party coffers.According to the ...Published: 22 Apr 2021 at 06:28hrs | | by Staff reporter
Concern over Matabeleland South Covid-19 cases
On Monday, Matabeleland South Province recorded a staggering 101 cases of Covid-19 infections out of the 108 cases recorded countrywide. This is hardly surprising. There has been a widespread ...Published: 21 Apr 2021 at 07:02hrs | 2 | by Staff reporter
Police net 25 mshika shika vehicles
POLICE in Gwanda, Matabeleland South Province, impounded 25 illegal taxi operators popularly known as mshika shika during the Easter holidays. The police launched an operation code-named "Oper...Published: 10 Apr 2021 at 04:55hrs | | by Staff reporter
Money changers camp outside shops
Illegal money changers in Harare and other parts of the country are now hanging around and even inside supermarkets that might have a reasonable number of shoppers using foreign currency offering to p...Published: 22 Mar 2021 at 06:00hrs | 3 | by Staff reporter
Zimbabwe lockdown fatigue kicks in
The Herald Herald Reporters More people and vehicles are flouting Covid-19 lockdown rules as evidenced by a flurry of movements in residential areas and the Harare central business district. Manufactu...Published: 12 Jan 2021 at 08:38hrs | 1 | 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
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | 2 | by Staff reporter
'Proximity to Mnangagwa won't shield corrupt figures'
THE Zanu-PF Youth League has warned some elements who abuse their proximity to President Emmerson Mnangagwa to engage in corrupt activities that their days are numbered. The league's dep...Published: 05 Aug 2019 at 07:34hrs | 1 | by Staff reporter
'No fix to illegal forex trade'
PRESIDENT Emmerson Mnangagwa says his administration has no immediate solution to dealing with illegal foreign currency trade despite admitting its role in the economic crisis.Last week, offic...Published: 22 Jul 2019 at 08:14hrs | | by Staff reporter
Zimra to engage ZNA over border post landmines
The Zimbabwe Revenue Authority (Zimra) says it will seek the intervention of the Zimbabwe National Army to assess Forbes Border Post for possible landmines to enable authorities to access an are...Published: 08 Jul 2019 at 07:52hrs | 1 | by Staff reporter
5 bogus police officers nabbed
The Zimbabwe Republic Police (ZRP) has arrested five suspected bogus police officers for several cases of extortion, theft and fraud which took place at Machipisa Shopping Centre in Highfield and surr...Published: 22 Jun 2019 at 20:32hrs | | by Staff reporter
Cop runs for dear life as mob bays for his blood
A POLICE officer on Wednesday fled for dear life as an angry mob bayed for his blood after an illegal money changer he was chasing was knocked down by a car near Tredgold Building in Bulawayo. ...Published: 14 Jun 2019 at 07:55hrs | 1 | by Staff reporter
WATCH: CID officers heavily assaulted by money changers
Illegal money changers in Chinhoyi assaulted CID officers who tried to arrest them on Monday afternoon. In a video that has surfaced online the money changers are seen ganging up on the money ...Published: 20 May 2019 at 16:31hrs | | by Mandla Ndlovu
Forex parallel market bullish
FOREIGN currency parallel market traders are unfazed by the introduction of the interbank market auction of the real time gross settlement dollars (RTGS$) and have continued trading on the streets wit...Published: 25 Feb 2019 at 08:16hrs | 2 | by Staff reporter
Mnangagwa losing war on money changers
Despite introducing a heavy penalty aimed at deterring would-be offenders, government is losing the war on illegal money changers in Harare as they are now fully back on the streets operating openly....Published: 19 Feb 2019 at 13:50hrs | | by Staff reporter
Fake bond notes flood Chipinge streets
COUNTERFEIT bond notes are flooding the streets of Chipinge with accusing fingers being pointed at illegal money changers targeting unsuspecting street clients.A survey revealed that the victi...Published: 01 Feb 2019 at 14:35hrs | 2 | by Staff reporter
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