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ICSAZ re-elects Taona Munzvandi as its president
The Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) has re-elected as its president Taona Munzvandi, who is managing director of Daxilon Security and former chief executive o...Published: 14 hrs ago | 430 | by Agencies
Cost of living hits $40 680
THE cost of living for a family of six surged by 13,4% to $40 680 this month, from $35 877 in April following relentless price hikes stemming from currency volatilities and market jitters triggered by...Published: 21 Jun 2021 at 06:04hrs | 1462 | by Staff reporter
Covid-19 kills 57 in two weeks
ZIMBABWE has seen a massive jump in Covid-19 cases, with 2 374 cases and 57 deaths reported in two-and-a-half weeks of this month alone, triggering the Government to consider putting more areas under ...Published: 20 Jun 2021 at 07:21hrs | 510 | by Staff reporter
Auction market cannot end the parallel market
Despite launching the Dutch inspired Foreign Currency Auction System (FCAS) in June 2020 (Almost 1 year running), the Zimbabwean economy continues to face acute foreign currency shortages on the forma...Published: 19 Jun 2021 at 08:52hrs | 992 | by Port Louis Riverfront, Mauritius
Debunking the biggest cryptocurrency myths in South Africa
To any potential South African investor entering the market to turn a profit, cryptocurrencies as well as the blockchain could seem perplexing at first. This is why we aim to debunk certain myths asso...Published: 17 Jun 2021 at 10:00hrs | 992 | by Staff Writer
Zivhu rescues cross-border traders
MILLIONS of cross-border traders have been pushed into abject poverty due to the continued closure of borders as a result of COVID-19, the Zimbabwe Cross-Border Traders Association said yesterday....Published: 17 Jun 2021 at 06:13hrs | 2485 | by Staff reporter
CCZ squeals over consumer rights violations
THE Consumer Council of Zimbabwe (CCZ) has accused unscrupulous retailers of overpricing, multi-tier pricing and selling substandard goods taking advantage of consumers' ignorance of their rights ensh...Published: 17 Jun 2021 at 06:11hrs | 326 | by Staff reporter
Bulawayo lockdown looms
GOVERNMENT might be forced to consider strict localised lockdown for Bulawayo as residents continue to flout Covid-19 prevention measures at a time health experts have warned of an imminent Covid-19 t...Published: 17 Jun 2021 at 06:08hrs | 3081 | 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 auc...Published: 16 Jun 2021 at 08:29hrs | 2338 | by Staff reporter
Economic woes trigger 23% school dropouts
GOVERNMENT yesterday revealed that 23% of children in the country were out of school due to economic challenges.This was said by Information minister Monica Mutsvangwa during a post-Cabinet me...Published: 16 Jun 2021 at 08:28hrs | 514 | by Staff reporter
Cabinet blames Covid-19 surge on complacency
Cabinet has blamed complacency for the recent spike in Covid-19 infections with people mistaking the early successes against the pandemic for a total victory.People have increasingly been disr...Published: 16 Jun 2021 at 08:18hrs | 275 | by Staff reporter
18 forex abusers to pay penalties
The Reserve Bank of Zimbabwe yesterday listed the first 18 firms facing civil penalties under the new Statutory Instrument 127 after being caught abusing the foreign exchange auction system, with Zimb...Published: 16 Jun 2021 at 08:16hrs | 692 | by Staff reporter
Govt clamps down on maize mealie smugglers
GOVERNMENT has begun a crackdown on errant retailers who are selling imported mealie-meal as it moves to curb the smuggling of the commodity from neighbouring countries.The exercise, which cam...Published: 15 Jun 2021 at 06:22hrs | 771 | by Staff reporter
3rd wave: 107 new Covid-19 cases recorded as Karoi and Kariba become hotspots
GOVERNMENT has added Kariba and Karoi as hot spot areas under the localised lockdown as the country has reported 107 more new Covid-19 cases in the last 24-hours.The statistics include 23 case...Published: 14 Jun 2021 at 17:57hrs | 1049 | by Staff reporter
Police warn new Covid-19 regulation violators
POLICE have warned members of the public against violating the new Covid-19 lockdown regulations, which have banned public gatherings among other measures.Vice-President and Health and Child C...Published: 14 Jun 2021 at 17:51hrs | 943 | by Staff reporter
Millers close, offload staff as imports rise
ZIMBABWE'S milling industry has hit turbulent times, amid revelations that some companies have suspended operations after a flood of cheap imported mealie-meal pushed them to the brink, it has been re...Published: 13 Jun 2021 at 07:25hrs | 809 | by Staff reporter
Chiwenga bans all gatherings except funerals
Health minister and Vice President Constantino Chiwenga has imposed new restrictions citing a "surge in cases". All gatherings except funerals are banned, all workshops and meetings to be held...Published: 12 Jun 2021 at 20:08hrs | 2732 | by Staff reporter
Chiwenga announces stricter COVID-19 enforcement measures
ZIMBABWE MINISTRY OF HEALTH AND CHILD CARE PRESS STATEMENT BY THE HONOURABLE VICE PRESIDENT OF THE REPUBLIC OF ZIMBABWE AND MINISTER OF HEALTH AND CHILD CARE: 12 JUNE 2021 MEASURES TO CURB THE...Published: 12 Jun 2021 at 20:04hrs | 1818 | by Dr Constantino Guveya Dominic Nyikadzino Chiwenga
Mangudya clashes with World Bank
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday clashed with the World Bank representatives as he vehemently disputed their projected annual inflation rate.This played out at t...Published: 11 Jun 2021 at 06:40hrs | 2901 | by Staff reporter
Zimbabwe suffers US$300m trade deficit
ZIMBABWE suffered a US$300 million trade deficit during the first quarter of 2021, as imports continued to dominate the value of goods exported by the country, data from the Ministry of Finance and Ec...Published: 11 Jun 2021 at 06:36hrs | 308 | by Staff reporter
Mnangagwa claims he is touched by the plight of teachers
PRESIDENT Mnangagwa has said he is touched by the plight of teachers and Government acknowledges that there is a need to improve civil servants' remuneration.The President said while Governmen...Published: 11 Jun 2021 at 06:33hrs | 1472 | by Staff reporter
OK suffers write-downs as crisis deepens
REVENUES at the Zimbabwe Stock Exchange-listed retail giant, OK Zimbabwe Limited came off slightly to $34,3 billion during the year ended March 31, 2021 as consumer spending came under pressure as a r...Published: 10 Jun 2021 at 06:35hrs | 993 | by Staff reporter
Official exchange rate slightly eases to 1:85
THE Zimbabwe dollar has eased to trade at 85,07 against the United States dollar at this week's foreign currency auction from 84,76 last week.According to data provided by the Reserve Bank of ...Published: 09 Jun 2021 at 18:19hrs | 197 | by Staff reporter
Zimbabwe back to trillion-figure era
THE Reserve Bank of Zimbabwe (RBZ) says the value of transactions processed through the national payment systems hit the $1,24 trillion mark during first quarter of this year, rising by 9% from $1,13 ...Published: 09 Jun 2021 at 07:18hrs | 2609 | by Staff reporter
OK rescues distressed Mpilo Hospital doctors
LEADING retailer OK Zimbabwe has donated grocery vouchers worth $50 000 to each of the over 30 Mpilo Central Hospital doctors whose property was destroyed when their block of flats recently went up in...Published: 08 Jun 2021 at 06:45hrs | 725 | by Staff reporter
DRC ambassador in RBZ forex allocation scandal
IN a development that could set tongues wagging, the Reserve of Zimbabwe (RBZ) has named Democratic Republic of Congo (DRC) ambassador to Zimbabwe Mawampanga Mwana Nanga (pictured) as one of the top b...Published: 06 Jun 2021 at 18:32hrs | 1424 | 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 ab...Published: 06 Jun 2021 at 10:00hrs | 1007 | by Staff reporter
Mthuli Ncube to hold business indaba
GOVERNMENT will soon engage industry to discuss the rationale behind the recent spate of price increases which followed the promulgation of Statutory Instrument 127 of 2021.The SI was introduc...Published: 06 Jun 2021 at 09:48hrs | 96 | by Staff reporter
RBZ mulls more stringent currency measures
GOVERNMENT is looking at adding more stringent currency measures to rein in the runaway exchange rate amid an outcry over the promulgation of Statutory Instrument 127 which business says will fuel inf...Published: 05 Jun 2021 at 09:20hrs | 1154 | by Staff reporter
Govt to expedite repairs at Mpilo hospital
GOVERNMENT will expedite the reconstruction of Mpilo Central Hospital doctors' residence in Bulawayo that was gutted by fire and the upgrade will meet contemporary designs that take into account disas...Published: 04 Jun 2021 at 07:11hrs | 180 | by Staff reporter
Short term risks for Zim economy
The Zimbabwean economy is expected to register modest growth this year after 2 years of successive decline when currency changes, high inflation, extreme weather conditions and COVID-19 downturn wreck...Published: 03 Jun 2021 at 20:26hrs | 691 | by Victor Bhoroma
2021 Mid-Term Budget Expectations
Zimbabwe's mid-term budget for 2021 is expected to be presented in the beginning of July amid encouraging signs of economic recovery in the last 12 months. The country is undergoing a period of relati...Published: 03 Jun 2021 at 20:21hrs | 689 | by Victor Bhoroma
RBZ, business set for showdown over Statutory Instrument 127 of 2021
The Confederation of Zimbabwe Industries (CZI) wants the government to suspend the "heavy handed" decree promulgated last week as it has the potential to kill market confidence. Statutory Inst...Published: 03 Jun 2021 at 08:38hrs | 2944 | by Staff reporter
Choppies branches lose over US$11k in robbery
The armed robbers that stole seven trunks of cash that had been collected from Choppies branches in Bulawayo last week, made way with $194 287, US$11 315, R35 595 and 25 pula, after firing several sho...Published: 02 Jun 2021 at 07:06hrs | 599 | by Staff reporter
'Government is best which Governs Least,' Nelson Chamisa
The untimely and unplanned introduction of Statutory Instrument 127 (SI 127) 2021 by the ZANU PF regime shows how Zimbabwe is being run as a mafia state. A dictatorship state, ran by clueless an...Published: 01 Jun 2021 at 15:00hrs | 1192 | by Prince Njagu
'New forex rules a time bomb'
NEW foreign currency measures imposed by government last week are a time bomb that could lead to price increases, lower economic activity and herald a return to the hyperinflation era of yesteryear....Published: 31 May 2021 at 06:45hrs | 4525 | by Staff reporter
Residents on shoot to kill
POLICE in Bulawayo are today expected to hold a crunch meeting with local business to strategise on how to deal with the increase in armed robberies in the city, while residents have called for a shoo...Published: 31 May 2021 at 06:37hrs | 1446 | by Staff reporter
Cops meet over surge in robberies
POLICE in Bulawayo are today expected to hold a crunch meeting with local business to strategise on how to deal with the increase in armed robberies in the city, while residents have called for a shoo...Published: 31 May 2021 at 06:36hrs | 329 | by Staff reporter
Police hunt for Choppies robbers
Security guards and staff at Bulawayo's Choppies Parklands Supermarket have been questioned by police over the armed robbery that happened last Thursday when robbers stole seven trunks full of cash, t...Published: 31 May 2021 at 06:33hrs | 759 | by Staff reporter
Mnangagwa lauds Buy Zimbabwe initiatives
PRESIDENT Emmerson Mnangagwa has lauded the Buy Zimbabwe initiative, which has enhanced the promotion of locally produced goods and services.Speaking during the Buy Zimbabwe awards ceremony re...Published: 30 May 2021 at 09:11hrs | 360 | by Staff reporter
Cost of living jumps to $32 540
THE average cost of living for a family of five increased to $28 853 this month, from $28 362 in April, as reports emerged that supermarkets had been computing prices based on parallel market rates....Published: 30 May 2021 at 08:47hrs | 984 | by Staff reporter
US$ remains legal tender, says Mangudya
THE United States dollar remains legal tender in the country and the newly gazetted regulations requiring businesses accessing foreign currency through the Reserve Bank of Zimbabwe (RBZ) foreign excha...Published: 30 May 2021 at 08:29hrs | 120 | by Staff reporter
New fines for forex abusers
New regulations have been gazetted to stamp out foreign currency abusers as treasury and the central bank seek transparency in business transactions.President Emmerson Mnangagwa has announced ...Published: 29 May 2021 at 20:52hrs | 963 | by Staff reporter
Supermarkets feel heat as consumers spend on fuel
ZIMBABWE'S retailers have said the government must take action against high fuel prices that have been blamed for pushing production costs up, making the environment "unpredictable and difficult" for ...Published: 28 May 2021 at 08:02hrs | 1363 | by Staff reporter
Profiteering supermarkets peg prices at parallel market rates
SUPERMARKETS are profiteering by pegging prices of basic commodities at the black market rate and transacting United States dollar purchases using the government instituted foreign currency auction ra...Published: 28 May 2021 at 07:58hrs | 1487 | by Staff reporter
7 trunks full of cash stolen in Bulawayo
The sloppiness of a cash-in-transit security crew in Bulawayo yesterday resulted in armed robbers getting away with seven trunks full of cash which was due for banking.It could not be ascertai...Published: 28 May 2021 at 07:42hrs | 2061 | by Staff reporter
Zera warns unlicensed LPG fillers
THE Zimbabwe Energy Regulatory Authority (Zera) has warned against the mobile sale of liquefied petroleum gas (LPG) saying such conduct is criminal and potentially dangerous.Zera said LPG fill...Published: 26 May 2021 at 06:22hrs | 287 | by Staff reporter
Zimbabwe hit by serious shortage of cement, PPC fails to meet orders
Zimbabwe has been hit by a shortage of cement, leaving the construction industry stranded, while in some instances resorting to the black market.The country implemented a cement import ban (SI...Published: 25 May 2021 at 13:48hrs | 1626 | by Staff reporter
Zimbabwe supermarkets face implosion
ZIMBABWE's retail industry says it is facing an implosion unless the mid-term fiscal policy review set for July makes wide-ranging reforms to stimulate demand after 12 million consumers hit hard times...Published: 23 May 2021 at 07:45hrs | 5163 | by Staff reporter
Mnangagwa lauds Buy Zimbabwe initiatives
PRESIDENT Emmerson Mnangagwa has lauded the Buy Zimbabwe initiative which has enhanced promotion of homegrown goods and services. Speaking during the Buy Zimbabwe awards ceremony recently, Mna...Published: 21 May 2021 at 06:10hrs | 774 | by Staff reporter
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