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Chivayo, Zec corruption scandal spreads to SA
A JOHANNESBURG printing firm and its agent are being investigated by Zimbabwe's anti-corruption authority for price gouging on election-related material and equipment.Zimbabwe is no stranger t...Published: 20 Jul 2024 at 14:48hrs | 1938 | by Staff reporter
Zimbabwe's currency will remain fully backed by gold reserves
Zimbabwe's government will stick to what it promised when it launched a new currency in April by ensuring it remains fully backed by reserves, the central bank governor told Reuters on Wednesday, addi...Published: 18 Jul 2024 at 09:20hrs | 736 | by Staff reporter
Biden says no to extra debate with Trump
The US President told NBC's Lester Holt he will only take the Republican frontrunner on again in September, as was earlier agreedUS President Joe Biden has turned down Donald Trump's proposal ...Published: 16 Jul 2024 at 16:33hrs | 683 | by Staff reporter
Mnangagwa succession takes centre stage in Zanu-PF
Zanu-PF finds itself in a familiar predicament as President Emmerson Mnangagwa's supporters aggressively advocate for his potential extension of presidency beyond 2030, despite his current term ending...Published: 15 Jul 2024 at 16:36hrs | 1934 | by Staff reporter
Zimbabwe should ditch the toxic US dollar
Zimbabwe's economy has been intertwined with the US dollar for over a decade, a relationship that began as a pragmatic response to hyperinflation and economic collapse in the late 2000s. The adoption ...Published: 12 Jul 2024 at 09:46hrs | 45 | by Staff writer
Shortage of ZiG coins, notes affects Bulawayo vendors
Informal traders in Bulawayo are grappling with significant challenges due to the scarcity of Zimbabwe Gold (ZiG) notes and coins, which has severely impacted their ability to conduct business effecti...Published: 11 Jul 2024 at 07:26hrs | 8 | by Staff reporter
Clarity on Zimbabwe exemption permits deadline in South Africa
THE National Employers' Association of South Africa (NEASA) on Thursday provided clarity for all affected parties on the relevant deadlines and periods of validity of the the Zimbabwean exemption perm...Published: 08 Jul 2024 at 11:05hrs | 22 | by Agencies
Bleak outlook for Zimbabwe's consumers
Inter Horizon (IH) Securities, a prominent financial services firm, has released a sobering report on Zimbabwe's consumer spending patterns for 2024. The analysis paints a bleak picture, attributing t...Published: 07 Jul 2024 at 10:58hrs | 1 | by Staff reporter
Reserves backing Zimbabwe's ZiG shoot to US$370 million
Prices of goods and services in Zimbabwe are expected to remain stable, thanks to increased cash and mineral reserves backing the new currency, Zimbabwe Gold (ZiG). These reserves have risen from US$2...Published: 07 Jul 2024 at 10:34hrs | 26 | by Staff reporter
Flimsy tactics to resist use of ZiG exposed
Some shops in Bulawayo are defying government regulations by exclusively trading in US dollars and South African rand, ignoring the Zimbabwe Gold (ZiG) currency, despite legal obligations under Statut...Published: 02 Jul 2024 at 06:29hrs | | 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 M...Published: 01 Jul 2024 at 10:29hrs | 1 | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 1 | by Tendai Ruben Mbofana
Shop supervisor in court for rejecting ZiG notes
A supervisor at a Spar Supermarket, Panashe Takavarasha (37), appeared in court for refusing to accept Zimbabwe Gold (ZiG) notes from a customer attempting to buy bread. Takavarasha, charged w...Published: 22 Jun 2024 at 11:22hrs | | by Staff reporter
Has Chamisa learnt from his mistakes?
MY chance encounter with Nelson Chamisa at the British ambassador's residence last week triggered some reflection.At this beautiful garden party to celebrate King Charles III's birthday, I not...Published: 20 Jun 2024 at 07:27hrs | 1 | by Trevor Ncube
Communist Party of China delegation, Zanu-PF share notes
The Communist Party of China (CPC) and Zanu-PF are collaborating on people-centered policies for national development, according to Tang Dengjie, a CPC Central Committee member. Dengjie, leading a del...Published: 19 Jun 2024 at 07:15hrs | | by Staff reporter
Farewell Chairman VK: Reflections of a dear friend
The late Vimbai Kamoyo (VK) was quite a character.They buried him last week in Chiunye village, Mt Darwin, Mashonaland Central. Between him and I, the title of "Chairman" took tu...Published: 18 Jun 2024 at 14:54hrs | | by Josiah Mucharowana in Pretoria
Traveler hangs himself at JM Nkomo International Airport
A man hanged himself at the Joshua Mqabuko International Airport on Thursday after checking into a flight to Johannesburg, sources said.Details of the incident were sketchy, but a passenger wh...Published: 14 Jun 2024 at 13:28hrs | 2 | by Staff reporter
Statement on voice messages circulating on social media
It has been brought to my attention that there are voice messages purportedly being attributed to me which are circulating on various social media platforms. In these 'voice notes' I am alleged to hav...Published: 12 Jun 2024 at 13:33hrs | 1 | by Madzibaba Wicknell Munodaani Chivayo
Wicknell Chivhayo exposes Moses Mpofu and Mike Chimombe in fake voice messages circulating on Social Media
Wicknell Chivhayo posted a strong statement on his Facebook account, where he came out guns blazing against the circulation of fake and malicious voice recordings that are falsely attributed to him. T...Published: 12 Jun 2024 at 12:46hrs | 5 | by Nkululeko Nkomo
RBZ, kombi operators meet over change
The Reserve Bank of Zimbabwe (RBZ) has reported that despite releasing ZiG55 million in small notes and coins since April, the domestic market continues to experience a shortage of change. ...Published: 11 Jun 2024 at 05:45hrs | | by Staff reporter
Zimbabwe CIO's business network
Zimbabwe's Central Intelligence Organisation (CIO) likely has a secret stream of money, The Sentry has found. Publicly availa...Published: 10 Jun 2024 at 17:53hrs | 9 | by Staff reporter
Doctors calling for Joe Biden to take cognitive test
Doctors are calling for Joe Biden to take a cognitive test and make the results public after a bombshell report laid bare his mental decline. Yesterday, the Wall Street Journal revealed a conc...Published: 06 Jun 2024 at 08:49hrs | 1 | by Staff reporter
Zimbabwe's crackdown against ZiG street dealers is good news
A monthlong-drive by Zimbabwean authorities to stifle the unofficial market in their new gold-backed currency is driving the business off the streets and into the bank.Zimbabwe has imposed fin...Published: 06 Jun 2024 at 08:34hrs | | by Staff reporter
ANC members set to picket in protest against possible ANC-DA deal
ANC supporters who voted for the party "in good faith" in the general election on 29 May are expected to picket in Johannesburg on Thursday morning, demanding its leaders reject going into a coalition...Published: 06 Jun 2024 at 08:05hrs | | by Staff reporter
Sangoma in soup over fake money in Zimbabwe
Misheck Ncube, a Bulawayo traditional healer, faced court charges for possessing counterfeit USD and South African Rand notes at his Cowdray Park residence. Allegedly, Ncube deceived clients d...Published: 06 Jun 2024 at 08:03hrs | | by Staff reporter
Only 30% of Zimbabwe Gold (ZiG) released to the market
The Reserve Bank of Zimbabwe (RBZ) has disbursed ZiG46 million in notes and coins to banks, but only 30% has been released to the market due to a cash crisis. Introduced on April 5 to replace ...Published: 05 Jun 2024 at 07:22hrs | 11 | by Staff reporter
Kombi operators have not seen ZiG
Public transport operators in Bulawayo deny having encountered Zimbabwe Gold (ZiG) notes and coins, disputing claims of rejecting the currency. While some commuters allege rejection of ZiG by ...Published: 05 Jun 2024 at 07:11hrs | | by Staff reporter
Zimbabwe's ZiG currency still stronger than the rand!
Zimbabwe's currency, the ZiG, continues to hold firm after its debut, the central bank in the country said.The currency stands at 13.31 per US dollar, according to data published on the Reserv...Published: 04 Jun 2024 at 13:37hrs | 2 | by Staff reporter
REVEALED: How John Steenhuisen could become South Africa's next President
In the aftermath of the 29 May elections, South Africa's political landscape is poised for dramatic changes. With the African National Congress (ANC) securing only 40.18% of the vote, insufficient to ...Published: 03 Jun 2024 at 15:57hrs | | by Mandla Ndlovu
RBZ holds ZiG50, ZiG200 from circulation
The Reserve Bank of Zimbabwe (RBZ) has decided not to introduce ZiG50 and ZiG200 notes to the market in the near future due to concerns that larger denominations could fuel inflation, according to cen...Published: 31 May 2024 at 21:16hrs | | by Staff reporter
Zimbabwe govt threatens to sanction businesses
The government has issued a warning to businesses found pricing their goods and services above the official exchange rate in a bid to stabilize the newly introduced currency, Zimbabwe Gold (ZiG)....Published: 28 May 2024 at 10:17hrs | | by Staff reporter
Mnangagwa caught between words and wallet
In a scene reminiscent of a political satire, President Emmerson Mnangagwa found himself amidst a whirlwind of irony during a recent event at Nhakiwa Vocational Training Centre in Uzumba, where he lau...Published: 28 May 2024 at 09:53hrs | | by Staff reporter
Zimbabwe authorities mix charm with force to shore up ZiG
THE introduction of the world's newest currency in April inspired a reggae artist to record a song praising the ZiG, or Zimbabwe Gold.The catchy tune, titled "Zig Mari," received generous play...Published: 27 May 2024 at 09:56hrs | 3 | by Associated Press
Zimbabweans complain over ZiG cash shortage
Business operators and residents in Gweru are expressing concerns about the scarcity of the new currency, Zimbabwe Gold (ZiG), and are urging the Reserve Bank of Zimbabwe (RBZ) to increase the availab...Published: 24 May 2024 at 08:35hrs | | by Staff reporter
'Embrace ZiG to bring stability'
Vice President Kembo Mohadi recently emphasized the importance of collective effort in embracing the ZiG currency, stating that it will contribute to a smoother transition towards a more stable econom...Published: 22 May 2024 at 09:42hrs | | by Staff reporter
Anxious Zimbabwean migrants, smugglers watch South Africa's election
A Toyota Hilux with South African plates parks on the roadside in Nkwana village in Zimbabwe's Matabeleland South province and honks its horn. An elderly woman makes her way to the car where t...Published: 19 May 2024 at 12:49hrs | 1 | by Staff reporter
Zimbabwe govt must support ZiG currency through raft of solid measures
THE Reserve Bank of Zimbabwe (RBZ) has been urged to implement a raft of measures, including fiscal discipline, public consultation and policy consistency, if the newly introduced Zimbabwe Gold (ZiG) ...Published: 19 May 2024 at 11:55hrs | | by Staff reporter
ZiG fails to break Zimbabwe's cash crunch
Informal traders at Harare's Mbare market, a bustling center of commerce generating millions of US dollars weekly, have revealed their ongoing struggle with a cash shortage, hitting women vendors the ...Published: 18 May 2024 at 12:18hrs | | by Staff reporter
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
ZiG needs to be backed by RBZ discipline
According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets lik...Published: 16 Apr 2024 at 18:04hrs | | by Zimbabwe Coalition on Debt and Development
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | | by Kenneth Mufuka
RBZ governor to unpack MPS in Bulawayo
The Zimbabwe Independent, in partnership with the Reserve Bank of Zimbabwe (RBZ), will tomorrow host an event in Bulawayo to unpack the 2024 Monetary Policy Statement (MPS).Other partners incl...Published: 16 Apr 2024 at 07:58hrs | | by Staff reporter
Mnangagwa defends Zimbabwe's new gold-backed currency
President Emmerson Mnangagwa has staunchly defended the newly launched gold-backed ZiG currency, asserting that it exemplifies his government's commitment to harnessing national resources. Mnangagwa m...Published: 12 Apr 2024 at 09:52hrs | | 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 | | by Staff reporter
Zimbabwe central bank governor gets a rude awakening
BUSINESS executives yesterday gave Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu a rude awakening after a snap survey which showed that they were not ready to support the new currency....Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) did not have any backing during their tenure, the central bank has said, raising questions on the facilities that were bandied to be supporting the local currency....Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
Zimbabweans told to approach banks for ZiG, USD
The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Govern...Published: 12 Apr 2024 at 09:47hrs | | by Staff reporter
Zimbabwe police to conduct blitz on street traders manipulating ZiG currency
Finance Minister Mthuli Ncube has announced plans for law enforcement crackdowns on black market traders accused of manipulating Zimbabwe's new structured currency, the Zimbabwe Gold (ZiG). This initi...Published: 11 Apr 2024 at 18:31hrs | | by Staff reporter
US economist mocks Zimbabwe's new currency
United States economist Steve Hanke has derided Zimbabwe's latest currency introduction, the ZiG, asserting that the country's monetary policies resemble a merry-go-round. The ZiG, purportedly backed ...Published: 11 Apr 2024 at 08:50hrs | | by Staff reporter
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