Bulawayo24 News - Skyes! "it makes perfect sense"

Zesa rebundling begins

Mutapa Investment Fund (MIF) has initiated the process of rebundling ZESA Holdings, aiming to streamline operations, enhance efficiency, and reduce costs within Zimbabwe's struggling electricity sector, MIF CEO Dr John Mangudya has confirm…

Published: 29 Jun 2025 at 11:21hrs | 1 | by Staff reporter

Mangudya calls for equitable IMF fund disbursements

Former Reserve Bank of Zimbabwe (RBZ) governor and current CEO of Mutapa Investment Fund, John Mangudya, has urged the International Monetary Fund (IMF) to ensure equitable disbursements of funds to Africa to enable the continent to realiz…

Published: 28 Jun 2025 at 14:44hrs | 71 | by Staff reporter

Mushayavanhu discards ZiG banknotes with Mangudya's signature

The Reserve Bank of Zimbabwe (RBZ), under new governor John Mushayavanhu, destroyed millions' worth of Zimbabwe Gold (ZiG) banknotes that had been printed with the signature of his predecessor, John Mangudya. When Mushayavanhu introduced t…

Published: 01 Jul 2024 at 10:29hrs | 25 | by Staff reporter

Mnangagwa cuts short Mangudya's term at RBZ

President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of John Mushayavanhu as the new Reserve Bank of Zimbabwe governor, hoping to stem the collapse of the local currency.The official exchange rate moved from …

Published: 28 Mar 2024 at 16:10hrs | 13 | by Staff reporter

RBZ clarifies new forex surrender policy

THE Reserve Bank of Zimbabwe (RBZ) is set to meet with the Bankers Association of Zimbabwe (BAZ) and Accountant General with a view to map the way forward on the use of foreign exchange from the 25 percent surrender portion of export proce…

Published: 02 Jun 2023 at 06:40hrs | 6 | by Staff reporter

Forex speculators to face disciplinary action

THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against businesses that fuel exchange volatility b…

Published: 23 May 2023 at 06:34hrs | 3 | by Staff reporter

'Inflation is not on paper, you feel it'

Reserve Bank of Zimbabwe governor John Mangudya says inflation is "felt" by consumers and not on paper, as official statistics are being challenged by independent experts.For years, the Zimbabwe National Statistics Agency (ZimStat), the ma…

Published: 10 Apr 2023 at 07:28hrs | 2 | by Staff reporter

Zimbabwe manufacturing sector on rebound

The Reserve Bank of Zimbabwe (RBZ) says the country's manufacturing sector is on a massive expansion push after consuming roughly 70% of all foreign currency injected into the economy last year.RBZ governor John Mangudya told guests at a b…

Published: 02 Apr 2023 at 11:02hrs | 8 | by Staff reporter

Mangudya warns against forex loans

In a situation where there is little foreign currency in the market despite the banking sector having US$2,5 billion in nostro deposits, Reserve Bank of Zimbabwe governor John Mangudya has warned against reckless borrowing.Mangudya spoke a…

Published: 12 Mar 2023 at 06:37hrs | 58 | by Staff Reporter

Mangudya has nothing against Al Jazeera

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says he has "nothing against" Al Jazeera over a yet to be premiered exposÃ© on money laundering involving the country's gold.Qatar-based State-owned broadcaster, Al Jazeera, has announc…

Published: 08 Mar 2023 at 05:32hrs | 4 | by Staff reporter

Mthuli Ncube, Mangudya's unenviable task

I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time.On one hand, fingers are pointing at them for "failing…

Published: 24 Jul 2022 at 09:59hrs | 14 | by Victoria Ruzvidzo

'Mthuli Ncube, John Mangudya must resign'

OPPOSITION political parties have demanded that Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya resign, accusing them of crafting anti-poor policies that are worsening the plight of the majority in t…

Published: 29 Jun 2022 at 07:49hrs | 3197 | by Staff reporter

Mangudya finds the $15 billion booty

On 18 June 2022, Zimbabwe woke up to the Reserve Bank Governor, Mangudya's admission that, "Fifteen major companies have been creating huge extra profits by borrowing billions of dollars, often from several banks, at concessionary interest…

Published: 19 Jun 2022 at 21:07hrs | 12 | by Sam Wezhira

'Zimbabwe Reserve Bank is not creating money'

The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, and their implications. Read on  .…

Published: 22 May 2022 at 08:26hrs | 16 | by Staff reporter

RBZ in dramatic U-turn on lending

THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a statement yesterday, the Reserve Bank of Zimbabwe …

Published: 18 May 2022 at 06:23hrs | 12 | by Staff reporter

No joy from RBZ governor

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday declined to increase cash withdrawal limits to match recent price hikes, as he battled to limit cash in circulation in order to fight inflation.In his Monetary Policy Statemen…

Published: 08 Feb 2022 at 05:37hrs | 7 | by Staff reporter

Mangudya ranked worst performing central bank governor in Africa

The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Caribbean Central Bank, the Bank of Central …

Published: 12 Jan 2022 at 05:13hrs | 18 | by Staff reporter

Mangudya warns pharmacies

RESERVE Bank governor Dr John Mangudya has warned pharmacies that are receiving support from the foreign exchange auction trading system against pegging their prices using the parallel market exchange rate, saying such practices destabilis…

Published: 26 Sep 2021 at 19:35hrs | 5 | by Staff reporter

RBZ goes for broke: names, shames forex abusers

THE Reserve Bank of Zimbabwe (RBZ) yesterday escalated plans to punish "outliers" including listed milling giant, National Foods, which it said were "abusing" foreign currency acquired through the auction system.The central bank named 18 c…

Published: 16 Jun 2021 at 08:29hrs | 7 | by Staff reporter

Mangudya plays down forex crisis

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has down-played fears of an industrial bloodbath in the aftermath of government's move two weeks ago to effect far reaching reforms to stem the abuse of foreign currency obtained at the…

Published: 06 Jun 2021 at 10:00hrs | 1 | by Staff reporter

RBZ warns banks

The Reserve Bank of Zimbabwe (RBZ) has warned banks which offer overdrafts to companies to buy foreign currency from the auction system saying such a move creates speculation in the market and promotes rent-seeking behaviour which drives i…

Published: 18 Mar 2021 at 06:42hrs | 3 | by Staff rpeorter

RBZ still optimistic about low inflation

Reserve Bank of Zimbabwe Governor, Dr John Mangudya, remains confident authorities will be able to maintain a lid on prices to curtail potential relapse into runaway inflation, following worrying increases in December and January. The mont…

Published: 10 Feb 2021 at 05:29hrs | 10 | by Staff reporter

RBZ clarifies use of USD

RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has explained the use of US dollars in the country, including value and legal status of the virtual form of the greenback. This comes as the central bank has engaged banking institut…

Published: 22 Dec 2020 at 06:40hrs | 2 | by Staff reporter

RBZ orders Zimbabwe banks to give forex

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has ordered banks to settle transactions outside the public glare as he cracks the whip on the sector amid revelations some banks were refusing clients to withdraw cash from their forei…

Published: 03 Dec 2020 at 07:06hrs | 9 | by Staff reporter

Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain

FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their responsibility as that of holding the governi…

Published: 15 Sep 2020 at 11:34hrs | 2 | by Nathan Gurira

Mangudya's auction has made doubting Thomases believe

On June 23, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country.Indeed, the auction came as refreshingly welcome news for most stakeholders, esp…

Published: 30 Aug 2020 at 08:28hrs | 4 | by Jameson Dapi

Mangudya stabilizes market and prices through Foreign exchange auction

The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bids to the auction represents the desire…

Published: 26 Aug 2020 at 13:30hrs | 15 | by Tinashe Eric Muzamhindo

Exposing government links with mysterious FSG company

It seems Parliament has a knack for asking all the right questions when it comes to Fertiliser, Seed Grain (FSG) private limited. Investigations have revealed that the company is located at number 75a Kew Drive has an unexplained military …

Published: 26 Aug 2019 at 20:36hrs | 327 | by Nicholas Ncube

RBZ takes reforms gospel to churches

Reserve Bank of Zimbabwe Governor Dr John Mangudya yesterday met church organisations, under the banner of the Zimbabwe Amalgamated Church Council (ZACC) and explained the new local currency regime following the recent scrapping of multi-c…

Published: 19 Jul 2019 at 07:11hrs | 5 | by Staff reporter

'Zimbabweans sold US$8m to banks'

Zimbabweans sold about US$8 million to banks in exchange for the local currency after government outlawed the use of foreign currencies for domestic transactions, central bank chief John Mangudya said Monday.Speaking at a breakfast meeting…

Published: 08 Jul 2019 at 22:24hrs | 7063 | by Staff reporter

Matutu dares Mangudya, Rushwaya

THE Zanu-PF youth league has vowed to further expose Reserve Bank of Zimbabwe governor John Mangudya and the Zimbabwe Miners Federation boss Henrietta Rushwaya's alleged corrupt deals, and expose more people in its "name and shame" exercis…

Published: 01 Jul 2019 at 17:22hrs | 4474 | by Staff reporter

Economic take-off main priority for Mangudya second term

Reserve Bank of Zimbabwe governor Dr John Mangudya (JM) was last week re-appointed for a second five year term. Sunday Mail Editor Victoria Ruzvidzo (VR) spoke to the central bank chief about his experience during his first five year term,…

Published: 12 May 2019 at 06:34hrs | 1 | by Staff reporter

Dr Mangudya's reappointment welcome

The reappointment of Dr John Mangudya by President Emmerson Mnangagwa for a second five-year term as Governor of the Reserve Bank of Zimbabwe, and thus the custodian of the national monetary policy, will be welcomed by those who seek a str…

Published: 05 May 2019 at 09:29hrs | 2 | by Staff reporter

Mangudya slams business over prices

RESERVE Bank of Zimbabwe Governor Dr John Mangudya yesterday slammed businesses for wantonly raising prices of basic commodities based on the movement of the exchange rate saying it was not a significant factor to determine the value of a …

Published: 09 Apr 2019 at 07:24hrs | | by Staff reporter

Tendai Biti's mischief exposed

The recent summoning of the Reserve Bank Governor, Dr John Mangudya, to appear before the Parliamentary Public Account Portfolio Committee (PAC) has exposed Tendai Biti, the Committee Chairman of using the hearing to play politics, unsettl…

Published: 12 Mar 2019 at 22:29hrs | 5 | by Staff reporter

Fuel shortages to ease by month-end: Mangudya

RESERVE Bank of Zimbabwe governor John Mangudya yesterday said the current fuel shortages will ease by end of the month, attributing the problem to delays in the processing of lines of credit (LCs) and the lack of working capital by oil co…

Published: 08 Mar 2019 at 07:01hrs | 1 | by Staff reporter

Monetary policy statement, an admission of failure

On February 20, Reserve Bank of Zimbabwe governor, John Mangudya, issued his monetary statement which contained both admissions of failure in the economy and a topsy-turvy aspiration for an immediate better future.The monetary policy state…

Published: 25 Feb 2019 at 08:25hrs | 2 | by Tapiwa Gomo

Mangudya formally devalues the bond...introduces new currency

The RBZ officially introduced a new currency despite days of denial by the Zanu PF government including the Ministry of Finance and the RBZ.Again the Monetary statement fails to deal with the basic fundamentals, demonetizing the bond note …

Published: 21 Feb 2019 at 06:38hrs | 2242 | by Jacob Mafume

Mangudya kills forex black market?

INDUSTRIALISTS and market watchers have hailed the monetary policy statement presented yesterday by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya, saying it will kill the foreign currency parallel market and help increase produc…

Published: 20 Feb 2019 at 22:40hrs | 3 | by Staff reporter

John Mangudya's Bonditary policy confirms US$100 salary for a teacher

I am not an economist, I am a subsistence farmer but with a little knowledge of economics that I grasped from my experiences with primary education, John Mangudya's latest Bonditary policy is going to consume President ED Mnangagwa's reput…

Published: 20 Feb 2019 at 19:11hrs | 3 | by Don Chigumba

LIVE- All eye on Mangudya #MonetaryPolicyStatement speech

THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya will today (Wednesday) at 14:30hrs release the long-awaited Monetary Policy Statement (MPS). The market is eagerly waiting to see what the governor has in store for an exp…

Published: 20 Feb 2019 at 12:16hrs | 84 | by Staff reporter

It's squeaky bum time for unsung Mangudya

Like many Manchester United fans around the world missing the good old days, I also regularly find myself reminiscing about the managerial prowess of Sir Alex Ferguson, whose inimitable success at one of the biggest clubs in the world has …

Published: 19 Feb 2019 at 17:13hrs | | by Guthrie Munyuki

Ncube, Mangudya policy tussle on monetary policy statement

POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main reason behind the undue delay in annou…

Published: 15 Feb 2019 at 08:27hrs | 2 | by Brett Chulu

Mangudya expected to tackle fiscal rot

CENTRAL bank chief John Mangudya will have to make bold monetary policy decisions or risk the country sliding back into hyperinflation, analysts say.Mangudya, who is yet to present his much-anticipated monetary policy, is expected to rein …

Published: 08 Feb 2019 at 08:51hrs | 3 | by Staff reporter

Mukupe calls for Mangudya ouster

FORMER Deputy Minister of Finance, Terence Mukupe has emerged from his political hiatus to propose the axing of Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya as a way of solving the worsening fuel crisis in Zimbabwe.Mangudya is un…

Published: 01 Jan 2019 at 11:48hrs | 1 | by newzimbabwe.com

'Bond notes have been a success'

RESERVE Bank of Zimbabwe governor John Mangudya had a torrid time at the pre-budget seminar for legislators in Bulawayo last week when he was grilled over currency problems bedevilling the country.The MPs told Mangudya that the government'…

Published: 11 Nov 2018 at 12:26hrs | | by Staff reporter

Mangudya lost his cool under pressure from legislators

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budget seminar in Bulawayo who took him to task over government's insistence that th…

Published: 09 Nov 2018 at 16:41hrs | 6 | by Staff reporter

Central bank's independence, benefits to Zimbabwe

WITH the recent developments at the Reserve Bank of Zimbabwe (RBZ), it is now public knowledge that four directors were suspended from there on allegations of corruption. The worrying aspect is the source of the information leading to the …

Published: 26 Oct 2018 at 07:05hrs | 2 | by David Mhlanga

Why did you fire Lumumba?

Zimbabweans are asking the ZANU-PF government why did they fire Lumumba. Is it employment procedures or what he did after hired? If employment procedures were not properly followed, why did you wait until he dropped a nuclear bomb that sho…

Published: 25 Oct 2018 at 09:34hrs | 8 | by Isaac Nkomah

RBZ stop illegal forex dealings

We have already plunged into 2008 demise where RBZ is printing out the bond notes and exchange them for foreign currency at black market. May I challenge Panonetsa Mangudya to respond to the following questions. Who are these people who mo…

Published: 17 Oct 2018 at 17:36hrs | 1 | by Isaac Nkomah

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