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Mnangagwa visited Mutami at school?
A FORMER boyfriend of Susan Mutami and her school friends at Loreto High School in Silobela, Midlands, have validated claims that a man believed to be President Emmerson Mnangagwa she now accuses of r...Published: 4 hrs ago | 1087 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 4 hrs ago | 315 | by Staff reporter
Zimbabwean dollar gaining value
Parallel market exchange rate responds to RBZ measuresTREASURY has been hailed for tightening screws on money supply growth in the market, in a move credited for stabilising the foreign curren...Published: 18 hrs ago | 18074 | by Staff Reporter
Econet cuts physical airtime sales to 10%
ECONET Wireless Zimbabwe has reduced physical airtime sales to 10 percent in line with the Reserve Bank of Zimbabwe directive regarding the phasing out of physical airtime distribution by mobile netwo...Published: 08 Aug 2022 at 05:43hrs | 174 | by Staff reporter
Power outages, vandalism strain Econet operations
TELECOMMUNICATIONS giant Econet Wireless Zimbabwe Limited says the persistent power outages across the country have adversely affected its operations and increased costs in its attempt to use alternat...Published: 07 Aug 2022 at 08:19hrs | 36 | by Staff reporter
Investors talk up Zimbabwe gold coins
Mosi-oa-Tunya gold coins, which were released into the market by the Reserve Bank of Zimbabwe (RBZ) on July 25, are an alternative investment option to US dollars, stocks and the property market, and ...Published: 07 Aug 2022 at 08:17hrs | 333 | by Staff reporter
'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 | 44 | by Staff reporter
Chamisa slams gold coins introduction in Zimbabwe
CITIZENS Coalition for Change leader, Nelson Chamisa, has slammed the introduction of gold coins, saying they are a conduit for corruption, and called for the country to return to exclusive use of the...Published: 03 Aug 2022 at 18:53hrs | 5308 | by Staff reporter
85% of gold coins sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) has revealed that 1 500 gold coins were sold by its agents during the first week of their release onto the market, signalling a strong demand for the yellow metal cu...Published: 02 Aug 2022 at 06:53hrs | 1625 | by Staff reporter
Zimbabwe to release another batch of gold coins
The Reserve Bank of Zimbabwe (RBZ) today said it will release an additional 2 000 gold coins this week, after the initial batch was highly subscribed.The Mosi-Oa-Tunya coins, which came into t...Published: 02 Aug 2022 at 06:44hrs | 371 | by Staff reporter
Zimbabwe inflation on downward spiral?
The introduction of gold coins and a review of payment methods for suppliers of goods and services, particularly those undertaking major national infrastructure projects, is expected to see a decline ...Published: 02 Aug 2022 at 06:42hrs | 365 | by Staff reporter
Zimbabwe banks run out of gold coins
DEMAND for the new Zimbabwean gold coins has been overwhelming and banks have been inundated by their corporate and individual customers seeking a legal and sensible way of preserving value.Th...Published: 01 Aug 2022 at 06:35hrs | 7141 | by Staff reporter
Huge appetite for Zimbabwe gold coins
ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of t...Published: 31 Jul 2022 at 17:51hrs | 6072 | by Staff reporter
Isn't it pure madness expecting the same govt that destroyed Zimbabwe to be entrusted with country's revival?
So, there are Zimbabweans exceedingly thrilled with the completion of the new parliament building, and the commissioning of a brand new capital, named Cyber-City, in Mt Hampden, several kilometers nor...Published: 30 Jul 2022 at 17:51hrs | 245 | by Tendai Ruben Mbofana
RBZ says lacking expertise on recovered funds
THE Reserve Bank of Zimbabwe (RBZ) said it lacked knowledge to manage over $1,5 million forfeited funds and assets, a situation that has resulted in such properties being stuck at its asset management...Published: 29 Jul 2022 at 06:53hrs | 591 | by Staff reporter
Arthur Mutambara trashes RBZ's gold coins initiative
FORMER Deputy Prime Minister Arthur Mutambara has trashed the Reserve Bank of Zimbabwe's (RBZ) gold coins initiative, supposedly meant to ease inflation, as nothing other than ‘a shameful opportunit...Published: 27 Jul 2022 at 19:37hrs | 2159 | by Staff reporter
RBZ releases only 2 000 gold coins
THE Reserve Bank of Zimbabwe (RBZ) yesterday released 2 000 Mosi-oa-Tunya gold coins worth US$3,6 million onto the market and indicated that it would introduce smaller denominations to cater for the l...Published: 26 Jul 2022 at 06:40hrs | 2958 | by Staff reporter
Zimbabwe gold coins start circulating
THE Reserve Bank of Zimbabwe (RBZ) yesterday released the first batch of 2 000 Mosi-oa-Tunya gold coins into the market to provide a store of value alternative to the US dollar in a development expect...Published: 26 Jul 2022 at 06:36hrs | 731 | by Staff reporter
Harare-Beitbridge highway project: A new big step in the right direction
AS we turn right off the Harare-Beitbridge highway - just before the intersection of the Harare and Bulawayo arteries five kilometres north of Beitbridge Border Post on the banks of the Limpopo River ...Published: 25 Jul 2022 at 07:57hrs | 1041 | by Staff reporter
Zimbabwe gold coin out today
The Reserve Bank of Zimbabwe (RBZ) will release the Mosi-oa-Tunya gold coins onto the market today and they will be sold in local currency, US$ and other foreign currencies.Their price is base...Published: 25 Jul 2022 at 06:27hrs | 985 | 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....Published: 24 Jul 2022 at 09:59hrs | 271 | by Victoria Ruzvidzo
Gold coins: RBZ chief sheds more light
Gold coins set to be released by the Reserve Bank of Zimbabwe (RBZ) tomorrow are expected to mop up excess cash on the market over the next six months, reduce demand for the US dollar as a store of va...Published: 24 Jul 2022 at 09:59hrs | 719 | by Staff reporter
Mthuli Ncube evades Parliament grilling
UNDERFIRE Finance minister Mthuli Ncube on Thursday dodged Senate after he was summoned to give a ministerial statement on the currency crisis, gold coins and state of the economy.Senate deput...Published: 23 Jul 2022 at 07:32hrs | 666 | by Staff reporter
Zimbabwe to securitise its ivory stockpile
THE Zimbabwe government is currently engaged in discussions on how the country can use its 130-tonne ivory stockpile as a tradable commodity or security asset, the Zimbabwe Independent reported....Published: 22 Jul 2022 at 10:41hrs | 294 | by Staff reporter
More light must be shed on gold coins to instil confidence
Consumer and investor confidence will likely be a game changer as the nation waits patiently for gold coins, which will be available beginning July 25 this year.The coins will be available thr...Published: 21 Jul 2022 at 06:40hrs | 126 | by Staff reporter
Zimdollar official exchange rate breaches $400 mark as black market around $800
THE Reserve Bank of Zimbabwe (RBZ) official exchange rate has reached ZW$403,40 against the greenback in a development experts believe to be prompted by market forces.A trading update released...Published: 20 Jul 2022 at 08:23hrs | 4075 | by Staff reporter
Zimbabwe gold coins to be held for at least 180 days
Individuals and institutional buyers of Reserve Bank of Zimbabwe (RBZ's) gold coins will be required to hold them for at least 180 days before selling while exporters earning less than a million US do...Published: 20 Jul 2022 at 06:34hrs | 666 | by Staff reporter
Concern over Zimbabwe's gold coins
ONE of Zimbabwe's top asset managers, Zimnat Asset Management (Zimnat) has noted that the country's gold coins scheme is elitist and cannot present significant arbitrage profiteering opportunities in ...Published: 19 Jul 2022 at 06:12hrs | 1465 | by Staff reporter
RBZ summons retailers, manufactures
RETAILERS and manufacturers have been summoned to a no-holds-barred meeting on price hikes by the Financial Intelligence Unit (FIU), a unit of the Reserve Bank of Zimbabwe, especially against the back...Published: 17 Jul 2022 at 09:05hrs | 480 | by Staff reporter
Chamisa 'has already identified his new Chief Justice and RBZ head'
THE opposition Citizens Coalition for Change (CCC) has appointed a team to "overshadow" government ministries in parliament with insiders describing the development as demonstrative of the party's rea...Published: 16 Jul 2022 at 10:33hrs | 13755 | by Staff reporter
Mnangagwa laments banking sector rot
GOVERNMENT's recent adoption of tough economic measures is in response to mischievous behaviour by some economic players and syndicates who are bent on sabotaging the economic transformation achieved ...Published: 16 Jul 2022 at 10:29hrs | 387 | by Staff reporter
'RBZ risks litigation over rates'
THE Reserve Bank of Zimbabwe (RBZ) violated the in duplum rule by increasing the bank interest rate to 200% from 80% with indications that the market could be bracing for more economic shocks and liti...Published: 15 Jul 2022 at 09:12hrs | 785 | by Staff reporter
Potraz happy with tariff hikes
THE Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has given telecommunications network service operators the nod to increase tariffs in keeping with the rising costs to ensur...Published: 15 Jul 2022 at 09:05hrs | 279 | by Staff reporter
Zesa, Zesco stitch power deal
POWER utility Zesa Holdings is in discussions with its Zambian counterpart, Zesco for importation of 100 megawatts of electricity to supplement local production, NewsDay reportedAccording to Z...Published: 14 Jul 2022 at 09:28hrs | 3599 | by Staff reporter
Zimbabwe's economy not as bad as claimed, says Mangudya
RESERVE Bank of Zimbabwe (RBZ) Governor, John Mangudya has said the country's economy is doing well despite the negative perception among the people.Giving oral evidence on the performance of ...Published: 13 Jul 2022 at 07:24hrs | 1944 | by Staff reporter
Mthuli Ncube summoned over gold coins
DEPUTY President of the Senate Mike Nyambuya has summoned Finance minister Mthuli Ncube to Parliament to present a ministerial statement explaining how gold coins will stop the country's economic haem...Published: 08 Jul 2022 at 07:38hrs | 7723 | by Staff reporter
RBZ dismisses gold coin rumours
The Reserve Bank of Zimbabwe on Thursday dismissed as "fake news", social media content alleging that gold coins were already available ahead of their official release date.The central bank an...Published: 07 Jul 2022 at 20:13hrs | 1376 | by Staff reporter
Will gold coins ease the pain?
A SENATOR and economic analysts have dismissed government's new gold coins as elitist and told Finance minister Mthuli Ncube to sort out the country's financial mess.This is after Reserve Bank...Published: 07 Jul 2022 at 08:06hrs | 1080 | by Staff reporter
Cost of Zimbabwe gold coins to be based on international prices
THE Reserve Bank of Zimbabwe (RBZ) is set to commence the trading of gold coins this month in a bid to introduce an alternative store of value in the market amid optimism that the coins will impact th...Published: 05 Jul 2022 at 21:06hrs | 773 | by Staff reporter
Wadyajena hits back at Musarara
GOKWE Nembudziya legislator Mayor Wadyajena has hit back at Grain Millers Association (GMAZ) chairperson Tafadzwa Musarara who accused the lawmaker of bullying him out of a grain transportation deal....Published: 05 Jul 2022 at 07:07hrs | 2286 | 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 | 3917 | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | 1168 | by Staff reporter
RBZ gold coins to strengthen Zimdollar
The Reserve Bank of Zimbabwe (RBZ) last week, following a resolution agreed on by its Monetary Policy Committee (MPC), announced plans to introduce gold coins to be used as a new investment tool to st...Published: 04 Jul 2022 at 06:54hrs | 408 | by Staff reporter
Mangudya defends new currency measures
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says recent official exchange rate adjustments will help in mopping excess liquidity in the market and stabilise the currency and inflation....Published: 03 Jul 2022 at 09:30hrs | 856 | by Staff reporter
Date set for Zimbabwe gold coins rollout
GOLD coins that were announced last week as a new measure and alternative to store monetary value, will be introduced into the market mid-this month and will be purchased using both foreign and local ...Published: 03 Jul 2022 at 09:28hrs | 2911 | by Staff reporter
Harare man fails explain source of US$300,000 deposit
A Harare man has had some US$300,000 frozen in a local bank after he failed reportedly failed to explain how and why he money came to be in his account, it has emergedThe High Court recently h...Published: 03 Jul 2022 at 09:25hrs | 761 | by Staff reporter
Zimbabwe gold coins: A masterstroke?
IT is indeed in times of crisis and turmoil that the creativity of nations emerges and in my opinion, the idea of launching gold coins by the Reserve Bank of Zimbabwe (RBZ) is a master stroke that cou...Published: 01 Jul 2022 at 07:28hrs | 2741 | by Staff reporter
'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 wo...Published: 29 Jun 2022 at 07:49hrs | 3159 | by Staff reporter
Biti tells Guvamatanga to 'shut up'
FORMER finance minister, Tendai Biti, has told off current treasury permanent secretary, George Guvamatanga, after he claimed civil servants are better paid now that they were during the government of...Published: 28 Jun 2022 at 07:32hrs | 4004 | by Staff reporter
CCC dismisses new Zimbabwe economy measures; says Chamisa-led govt only solution
Minister Mthuli Ncube (on Monday) announced measures that are meant to curb hyperinflation and stabilize (prices) as well as address the remuneration crisis in the civil service. The Reserve Bank also...Published: 28 Jun 2022 at 07:29hrs | 1428 | by Fadzayi Mahere
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