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Exposing economic saboteurs threatening Zimbabwe's future
THE introduction of the Zimbabwe Gold Currency (ZiG) symbolised a shift toward economic sovereignty, self-reliance and stability. Yet, instead of celebrating this monumental effort, some individuals w...Published: 02 Oct 2024 at 07:49hrs | 248 | by Innocent Mujeri
Rand manipulators must be held accountable by Parliament
African Transformation Movement (ATM) leader Vuyo Zungula has called for those responsible for the rand manipulation to face the wrath of the law.It is alleged that more than 28 banks conspire...Published: 28 Aug 2024 at 14:33hrs | 515 | by Staff reporter
ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 361 | by Staff reporter
FIU targets informal sector ZiG manipulators
The Financial Intelligence Unit (FIU), part of the Reserve Bank of Zimbabwe (RBZ), is intensifying efforts against the informal sector to combat currency manipulation aimed at undermining the Zimbabwe...Published: 26 Jun 2024 at 07:14hrs | | by Staff reporter
Zuma and Ramaphosa must find each other
IT'S time for political leaders in South Africa particularly the African National Congress (ANC) and Umkhonto weSizwe (MK) to bury their differences and defend not only the legacy of the revolutionary...Published: 06 Jun 2024 at 07:53hrs | 5 | by Staff reporter
Govt descends on price manipulators
THE Consumer Protection Commission (CPC) will soon impose heavy fines on retailers that have not reduced prices of their goods in line with movements of the exchange rate on the interbank market....Published: 09 Jul 2023 at 10:30hrs | 5 | by Staff reporter
ZACC targets estate agents, exchange rate manipulators
The Zimbabwe Anti-Corruption Commission (ZACC) is out to net unscrupulous real estate agents and those accused of manipulating exchange rates to illegally push large amounts of foreign currency out of...Published: 17 Jun 2023 at 08:04hrs | | by Staff reporter
Retailers defy Mnangagwa's government
SOME big supermarkets in Bulawayo are now exclusively charging certain goods and products in foreign currency and using the black-market rate for currency conversions in defiance of Government monetar...Published: 15 Jun 2023 at 06:44hrs | | by Staff reporter
Zimbabwe price manipulators to be locked up
EVIL machinations from the country's detractors to reverse successes registered by the Second Republic through asymmetrical warfare in the form of currency manipulation and price distortions will come...Published: 14 Jun 2023 at 06:32hrs | | by Staff reporter
Mthuli Ncube says currency manipulators won't rest
Currency manipulators and economic saboteurs will always be lurking about looking for opportunities and loopholes to unjustly profiteer but authorities will also be always ready to institute measures ...Published: 31 May 2023 at 06:58hrs | | by Staff reporter
Cartels, manipulators on the radar
Cartels and those that collude to unjustifiably increase prices, engage in illegal dealings and manipulating the local currency for their benefit have been put under the microscope, President Mnangagw...Published: 13 Aug 2022 at 07:22hrs | | by Staff reporter
'Zimbabwe economy enters growth phase'
President Mnangagwa said Zimbabwe's economy has transitioned from recovery to a growth phase, adding economic activity is projected to expand by a weighty 4,6 percent in 2022 despite the negative impa...Published: 11 Aug 2022 at 06:38hrs | | by Staff reporter
Mnangagwa charts new inclusive path
THE Government will give a holistic account of the country's liberation struggle by honouring forgotten heroes such as the late Reverend Ndabaningi Sithole and James Chikerema among others for their c...Published: 09 Aug 2022 at 08:17hrs | 8 | by Staff reporter
'Zimbabwe a friend to all, an enemy to none'
Address by the President of the Republic 0f Zimbabwe His Excellency, ED Mnangagwa at the 42nd Heroes Day Commemorations. It is my singular honour and privilege to be addressing you all, at thi...Published: 09 Aug 2022 at 08:16hrs | | by ED Mnangagwa
'Fuel price drop must benefit consumers'
BUSINESSES should review prices of goods and services downwards in line with the recent decline in fuel prices, a Cabinet Minister has said.This comes as interventions by the Reserve Bank of Z...Published: 07 Aug 2022 at 08:16hrs | | by Staff reporter
Push for new route to the sea
IN a short four years, President Mnangagwa and his team have ushered in and carried out breathtaking reforms in our national economic management. He is scoring successes in all the fundamental...Published: 01 Aug 2022 at 06:33hrs | | by Monica Mutsvangwa
'Dark forces' sabotaging Zimdollar
INFORMATION and Publicity minister Monica Mutsvangwa yesterday alleged that currency woes afflicting Zimbabweans were the work of "dark forces".Addressing Harare Polytechnic journalism student...Published: 14 Jul 2022 at 07:35hrs | | by Staff reporter
Zimbabwe lawmakers demand names of forex manipulators
MEMBERS of Parliament (MPs) have demanded that the Finance ministry should bring a list of all exchange rate manipulators to the House so that they are named and shamed.This was after Finance ...Published: 25 Jun 2022 at 08:41hrs | 9 | by Staff reporter
MPs fume over exchange rate manipulation
LEGISLATORS have demanded that the Finance ministry must bring a list of all exchange rate manipulators to Parliament and those who have benefitted from the foreign currency auction system.Thi...Published: 24 Jun 2022 at 07:42hrs | 1 | by Staff reporter
Currency Crimes: Four banks to face the music
FOUR banks have been placed under intense scrutiny and will face stiff penalties from the Financial Intelligence Unit (FIU) over allegations of involvement in illicit financial crimes that have led to...Published: 08 Jun 2022 at 07:29hrs | 4 | by Staff Reporter
4 Zimbabwe banks to face currency crimes charges
FOUR banks have been placed under intense scrutiny and will face stiff penalties from the Financial Intelligence Unit (FIU) on allegations of involvement in illicit financial crimes that have led to t...Published: 05 Jun 2022 at 09:08hrs | 6 | by Staff reporter
RBZ auction rate reaches $258
The auction rate, the weighted average of successful bids on the Reserve Bank of Zimbabwe foreign currency auction for productive businesses, fell from $173,2685 to the US dollar last week to $258,540...Published: 18 May 2022 at 06:18hrs | | by Staff reporter
Currency sabotage: 350 nabbed
OVER 200 local businesses were slapped with severe sanctions by the Financial Intelligence Unit (FIU) for manipulating the foreign currency exchange rate through illicit black market currency trading ...Published: 06 Mar 2022 at 08:20hrs | 1 | by Staff reporter
Taskforce to clampdown on currency manipulators
THE Reserve Bank of Zimbabwe (RBZ) is setting up a taskforce consisting of various law enforcement units to enhance capacity to arrest the indiscipline in the financial system. This comes after the Jo...Published: 04 Mar 2022 at 17:41hrs | | by Staff reporter
Exchange rate manipulators to face the law
Those involved in black market trading and damaging the economy are acting illegally and face arrest and imprisonment, Vice President Constantino Chiwenga said yesterday, while stating that the Zimbab...Published: 21 Feb 2022 at 05:27hrs | | by Staff reporter
Zimbabwean consumers feel the pinch as cost of living shoots up
THE wave of price hikes resulting from the weakening of the Zimbabwe dollar spells doom for beleaguered citizens in the New Year, with no reprieve in sight to the country's deepening economic crisis....Published: 03 Feb 2022 at 16:11hrs | 7 | by Staff reporter
Industrialists warn Zimbabwe banks
LOCAL financial institutions came under the spotlight on Friday as the central bank and industrialists regrouped to review a series of issues they agreed on in October, when relations between the two ...Published: 26 Jan 2022 at 04:46hrs | 7 | by Staff reporter
RBZ goes after currency manipulators
The Reserve Bank of Zimbabwe (RBZ) says it is investigating allegations of currency manipulation by some business entities as well as breaches of the Bank Use Promotion Act.Central bank Govern...Published: 12 Jan 2022 at 23:08hrs | | by Staff reporter
Zimdollar market correction
A MAJOR highlight of this week's auction is the magnitude of currency depreciation. The Zimbabwean dollar (Zimdollar) weakened by the highest weekly margin since the beginning of the year, a strong si...Published: 08 Oct 2021 at 19:03hrs | 4 | by Respect Gwenzi
Currency manipulators on the prowl
CURRENCY manipulation by businesses setting their Zimbabwe dollar prices to black-market exchange rates, has reached levels where some shops are pricing their goods and services using illegal rates ra...Published: 08 Oct 2021 at 06:25hrs | 7 | by Staff reporter
Authorities unleash sweeping crackdown on forex market
IN a renewed bid to contain the runaway foreign exchange rate - now trading at double the official rate around US$1: ZW$170 - the government has launched a fierce crackdown on currency traders in a mu...Published: 03 Oct 2021 at 08:19hrs | 7 | by Staff reporter
Old Mutual sees ‘green shoots' in Zimbabwe
THE head of Old Mutual Zimbabwe says there are green shoots appearing in the economy after the devastation of a severe drought and the coronavirus pandemic."There are good signs emerging in ec...Published: 26 Feb 2021 at 06:54hrs | 7 | by Staff reporter
How Zanu-PF came into existence
The born-free generation, born after Zimbabwe gained its independence in 1980, has grown up knowing a political system run by the Zanu PF party.Unbeknown to many people, the ruling party, is a...Published: 26 Sep 2020 at 19:17hrs | 2 | by Irvine Sibhona
Vimbai Zimuto Decoded
A deep and through analysis of Vimbai Zimuto reveals that she is a deliberate and unapologetic exhibitionist.From a legal perspective, her exhibitionism is called indecent exposure....Published: 10 Aug 2019 at 17:27hrs | | by Concerned Citizen of Zimbabwe
Punish currency speculators, says Eddie Cross
Economist and former MDC official Mr Eddie Cross says Zimbabwe's economic fundamentals are now sound and there is no need for speculators to continue with their wayward behaviour on the foreign curren...Published: 13 Jun 2019 at 07:06hrs | 1 | by Staff reporter
Zimbabwe must tackle structural problems, fiscal dilemmas
AFTER showing signs of revival during the inclusive government era between 2009 and 2013, Zimbabwe's economy has been on a tailspin since the 2013 elections. Government has struggled to restore econom...Published: 05 Apr 2019 at 10:00hrs | | by Staff reporter
Mnangagwa is in office but not in power
Emmerson Mnangagwa's presidency is characterised by passiveness, indecisiveness and escalating fuel shortages, looming strikes from civil servants, electricity black-outs and outbreaks of waterborne d...Published: 08 Jan 2019 at 11:15hrs | | by Frazer Muzondo
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 | | by Staff reporter
Mnangagwa begins tracking 'ill-gotten wealth'
GOVERNMENT has promulgated Statutory Instrument 246 of 2018, which will see illegal currency traders being sentenced to up to 10 years in jail. The regulations - Presidential Powers (Temporary...Published: 14 Nov 2018 at 06:02hrs | | by Staff reporter
Zimbabwe illegal currency dealers to be jailed for 10 years
President Emmerson Mnangagwa has used temporary powers for a new law that will see illegal currency traders being sentenced to up to ten years in jail, while ill-gotten wealth will be confiscated....Published: 11 Nov 2018 at 09:17hrs | 5 | by Staff reporter
Mnangagwa unleashes CIO on cash barons
FINANCE minister Mthuli Ncube will this week meet with the country's State security agents for a briefing on the soaring foreign currency shortages as government tightens the noose on highly-placed fo...Published: 22 Oct 2018 at 06:44hrs | | by Staff reporter
Black market dragnet targets bigwigs
President Emmerson Mnangagwa will invoke the Presidential Powers (Temporary Measures) Act to introduce tough regulations to bring currency manipulators to book.In his ...Published: 21 Oct 2018 at 15:29hrs | | by Staff reporter
Tackling the Zimbabwe black market
As we work towards improving and stabilising the flow of foreign exchange into the productive sector, we must at the same time ensure and enforce discipline in the market.This means everyone m...Published: 21 Oct 2018 at 15:26hrs | | by President Emerson D. Mnangagwa
Mnangagwa warns black market currency speculators
President Emmerson Mnangagwa has indicated that he has instructed the Attorney General and the Minister of Justice to urgently create laws that will be implemented under his presidential powers to dea...Published: 21 Oct 2018 at 15:17hrs | 1 | by Staff reporter
Will Mnangagwa defy odds on 30 July?
Zimbabwe is heading for harmonised polls on 30 July to elect a substantive president following a coup that toppled nonagenarian leader R.G Mugabe last November. ED took over on interim basis to finish...Published: 17 Jul 2018 at 16:44hrs | | by Benny Gudo
Chamisa ropes in ZCTU for joint demo
Chamisa-led MDC Alliance has roped in erstwhile allies, the Zimbabwe Congress of Trade Unions, vendors and college students for a joint massive demonstration on Wednesday to demand transparency and le...Published: 06 Jul 2018 at 07:21hrs | 1 | by Staff reporter
Chamisa's dangerous post-fact politics
Has anyone ever stopped to ask themselves why Nelson Chamisa lies, is caught out and does not backtrack or apologise or retract but will repeat his lie or totally ignore the fact that he lied?...Published: 08 May 2018 at 07:15hrs | | by Nick Mangwana
Mthwakazi restoration is delayed by people who individualise organisations
A Mthwakazi activist Hloniphani Ncube has blamed the delay in the restoration of Mthwakazi on people who individualise organisations that are fighting for the cause."What is delaying the Mthwa...Published: 22 Mar 2018 at 08:50hrs | | by Stephen Jakes
Stop satanism scare at schools
Cases of satanism scare and hallucinations are now very prevalent, especially in schools. Society seem to have adopted a hear no evil, see no evil and speak no evil attitude. Churches, village...Published: 13 Mar 2018 at 20:29hrs | | by Thomas Murisa
Mugabe has always been a pawn for the power-hungry
If there is one thing I completely agree with what the military said, during their so-called 'operation restore legacy' in November 2017, is that, then Zimbabwe president Robert Gabriel Mugabe was sur...Published: 10 Mar 2018 at 06:37hrs | 1 | by Tendai Ruben Mbofana
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