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ZiG inflation rate now pegged at 37.2%
Zimbabwe's inflation rate for the Zimbabwe Gold (ZWG) currency surged to 37.2% in October, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). This sharp increase, ref...Published: 26 Oct 2024 at 12:48hrs | 296 | by Staff reporter
'ZiG must go'
The Zimbabwe Gold (ZiG) currency is facing mounting pressure from the business community, which is advocating for its removal due to increasing volatility, despite the Reserve Bank of Zimbabwe's (RBZ)...Published: 24 Oct 2024 at 08:02hrs | 2201 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 236 | by Staff reporter
Zimbabwe's gold backed currency ZiG plummets by over 75%
The Reserve Bank of Zimbabwe (RBZ) today allowed the Zimbabwe Gold (ZiG) currency to fall by over 74% against the US dollar, following weeks of mounting pressure on the currency introduced in April. A...Published: 27 Sep 2024 at 13:56hrs | 957 | by Staff reporter
Steve Hanke celebrates the demise of Zimbabwe's ZiG
US-based economist and currency expert Steve Hanke has issued a stark warning about Zimbabwe's economic situation, claiming that the country's inflation rate has reached a staggering 880% per year, de...Published: 27 Sep 2024 at 08:28hrs | 21494 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9570 | by Staff reporter
Zimbabwe takes over Sadc Council of Ministers reins
Zimbabwe has assumed the chairmanship of the SADC Council of Ministers, taking over from Angola, ahead of the 44th SADC Summit of Heads of State and Government where President Mnangagwa will lead the ...Published: 14 Aug 2024 at 08:30hrs | 116 | by Staff reporter
NetOne loses ZiG285 000 to hacker
NetOne Cellular allegedly lost ZiG285,817 to a suspected hacker who exploited the RTGS to ZiG currency conversion from April this year. Takunda Gwaranda (21) appeared before Harare magistrate Mr. Denn...Published: 28 Jun 2024 at 07:39hrs | 6 | by Staff reporter
Chimombe, Mpofu appear in court
Local businessman Moses Mpofu, who runs Blackdeck Livestock and Poultry Farming, and Mike Chimombe, one of his five agents in the US$88 million Presidential Goat Scheme, are facing charges at Harare's...Published: 26 Jun 2024 at 13:04hrs | 12 | by Staff reporter
Chimombe disowned
In a new development regarding the presidential goat scheme scandal involving Zanu-PF-linked businesspersons, Blackdeck (Pvt) Limited has denied any association with Mike Chimombe, a central committee...Published: 26 Jun 2024 at 07:29hrs | 1 | by Staff reporter
Goats tender Mpofu speaks out
Moses Mpofu, a businessman associated with Blackdeck (Private) Limited, has clarified that his company received US$4.3 million (RTGS1.6 billion) under the controversial Presidential Goats Scheme in 20...Published: 25 Jun 2024 at 13:11hrs | 46 | by Staff reporter
Tshabangu Senator's wife deregistered by Law Society
The Law Society has officially revoked the registration of Doreen Vundhla Phulu, the spouse of Senator Kacaca Phulu, who was appointed by Sengezo Tshabangu. Richard Chidza, the spokesperson for the La...Published: 18 May 2024 at 12:01hrs | 57 | by Staff reporter
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | 1 | by Kenneth Mufuka
Mthuli Ncube pleads for patience on ZiG
FINANCE minister Mthuli Ncube has pleaded for patience with the recently introduced Zimbabwe Gold (ZiG) currency amid an uproar from the public over the disruptions it has caused to transactions....Published: 12 Apr 2024 at 09:51hrs | | by Staff reporter
'Bond notes, Zimdollar had no backing'
BOND notes and the Zimdollar (ZWL$) 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 | 2 | 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
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
Foreign currency dealers ditch trading spots
MOST illegal money changers popularly known as "Osiphatheleni" have abandoned their traditional trading spots in Bulawayo following the launch by the Government of the new gold-backed currency, the Zi...Published: 09 Apr 2024 at 06:20hrs | 3 | by Staff reporter
Zimswitch, EcoCash roll out new currency
FOLLOWING the unveiling of the new currency last Friday, the country's sole national payments platform and clearing house, Zimswitch, yesterday announced that it had completed the rollout of the ZiG p...Published: 09 Apr 2024 at 06:18hrs | 1 | by Staff reporter
Zimbabwe needs political change, not currency change
ZIMBABWE NEEDS POLITICAL CHANGE NOT A CURRENCY CHANGE.... A currency is a bundle of trust and confidence. A currency is not a currency without confidence and value. Money represents a collecti...Published: 07 Apr 2024 at 11:02hrs | 14 | by Nelson Chamisa
Zimbabwe's new currency chaos
ZIMBABWEAN consumers were yesterday left stranded after businesses suspended trading using the Zimbabwe dollar following the introduction of a new currency on Friday.Reserve Bank of Zimbabwe (...Published: 07 Apr 2024 at 10:35hrs | | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 18 | by Staff reporter
Service providers stop trading in Zimdollars
A MAJORITY of service providers and shops in the country were yesterday rejecting payments in local currency arguing that they were migrating to the new Zimbabwe Gold (ZiG) currency in a development t...Published: 07 Apr 2024 at 10:07hrs | 1 | by Staff reporter
Anti-Zimbabwe economist says ZiG is old wine in new bottles
Prominent Zimbabwean economist and financial analyst Professor Gift Mugano says the new local currency launched today - unimaginatively named Zimbabwe Gold (ZiG) amid noisy claims by government offici...Published: 06 Apr 2024 at 13:20hrs | | by Staff reporter
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | | by Staff reporter
Revised Starlink Policy for Sustainable Growth - A dedication to Eng. Chemist Siziba
Honorable Minister of Information Communication Technology, Postal and Courier Services, all protocols observed, please receive a request from a group of ...Published: 23 Mar 2024 at 07:04hrs | 49 | by Robert Ndlovu
Zimbabwean man wins US$1m loan court challenge
A HARARE man has won a US$1 million Supreme Court loan challenge after a local company that he loaned US$900 000 tried to repay the loan in local currency.The applicant Brian Rodney Baron had ...Published: 19 Mar 2024 at 12:58hrs | 2 | by Staff reporter
Traditional healer steals goat to appease ancestors
A 34-YEAR-OLD Plumtree-based traditional healer was dragged to court after conniving with a brother to steal a goat in a bid to appease his ancestors.The traditional healer Ephraim Ncube toget...Published: 06 Mar 2024 at 15:31hrs | | by Simbarashe Sithole
Councillors fume over US$7 allowance
SOME councillors are reportedly failing to attend committee meetings citing paltry monthly allowances of ZWL$113 000 that translates to less than US$7 at the prevailing interbank rate.This was...Published: 04 Mar 2024 at 04:43hrs | 1 | by Staff reporter
First Funeral Services fails to pay client ZWL$500 000 benefit
First Funeral Services Private Limited Company is currently embroiled in a heated wrangle with its client Wilson Dube who accuses it of failing to pay him...Published: 23 Feb 2024 at 22:27hrs | | by Stephen Jakes
Zimbabwe govt workers starving
FUNERAL policies and medical aid contributions are gobbling up a huge chunk of civil servants earnings, leaving most of them with little for food, rent, school fees and transport, NewsDay has been inf...Published: 16 Feb 2024 at 05:02hrs | | by Staff reporter
Minister grilled over late payment of farmers
FINANCE minister Mthuli Ncube was on Wednesday grilled in Parliament over late payment of farmers for deliveries to the Grain Marketing Board (GMB).Legislators from Zanu-PF and the opposition ...Published: 16 Feb 2024 at 05:00hrs | 1 | by Staff reporter
Zimbabwe rural teachers declare poverty, strike
RURAL teachers have downed their tools after officially declaring incapacitation to the government as a new wave of price increases is pushing the cost of living to astronomical levels.In an i...Published: 12 Feb 2024 at 13:53hrs | 2 | by Staff reporter
How Mzila's family suffered during Gukurahundi genocide
IN 1982, I was assaulted by five Zimbabwe National Army (ZNA) uniformed young men donning red berets at my Luveve house number 4136 where I lived, while I taught at St Bernards High School in Pumula, ...Published: 12 Feb 2024 at 13:52hrs | 59 | by Moses Mzila Nkalange
Harare Poly ordered to accept Zimdollar fees
THE High Court has ordered the Harare Polytechnic College to accept payment of tuition and other levies in the free-falling local currency.The institution had issued a circular on January 12 t...Published: 02 Feb 2024 at 17:23hrs | 1 | by Staff reporter
Delta, Zimra fight over US$ tax
DELTA Beverages Pvt Ltd is up in arms with the Zimbabwe Revenue Authority (Zimra) after the tax collector concluded that the company had improperly computed its income tax, resulting in the matter spi...Published: 29 Jan 2024 at 10:14hrs | 10 | by Staff reporter
'Zinara letting us down'
BULAWAYO needs a minimum of US$15 million per annum to maintain its road network which deteriorates each rainfall season when heavy rains pound the ageing roads, mayor David Coltart has said.O...Published: 24 Jan 2024 at 19:33hrs | | by Staff reporter
Mr Mnangagwa where are the ZUPCO buses purchased in 2019?
The Citizens Coalition for Change raises critical questions surrounding the fate of ZUPCO buses reportedly bought and commissioned by Mr. Mnangagwa in 2019, as citizens grapple with transport challeng...Published: 12 Jan 2024 at 06:22hrs | | by Staff reporter
Bulawayo Polytechnic students protest USD fees
Students at the Bulawayo Polytechnic are up in arms with the institution over its demand that they pay fees in United States Dollars (USD).This demand, said the students, violates the governme...Published: 11 Jan 2024 at 15:19hrs | 11 | by Staff reporter
Headmasters confront govt over Zimdollar salaries
HEADMASTERS from government schools across Zimbabwe have put their employer on notice to press for United States dollar salaries starting from the forthcoming term.School heads and teachers ar...Published: 03 Jan 2024 at 05:30hrs | 8 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 9 | by Staff reporter
CCZ warns retailers on price distortions
The Consumer Council of Zimbabwe (CCZ) has issued a stern warning to retail outlets, demanding responsible pricing on all goods and strict adherence to the foreign currency auction system if operating...Published: 28 Dec 2023 at 10:27hrs | 8 | by Staff reporter
Potholes re-emerge in wake of recent rains
HEAVY rains being recorded across the country have caused more extensive damage to some major roads in Bulawayo, which are now riddled with potholes making driving a nightmare in the city. Apa...Published: 28 Dec 2023 at 07:30hrs | 10 | by Staff reporter
Zimbabwe govt urged to dollarise pensions
THE Zimbabwe National Union of School Heads (Zinush) has pleaded for the dollarisation of pensions as inflation continues to eat away the life savings of educators, condemning many to poverty after ye...Published: 27 Dec 2023 at 07:32hrs | 12 | by Staff reporter
Man drags 2nd wife to court
A HARARE man has approached the civil courts in Harare demanding that his second wife should pay 50% of their household expenses.Norman Takawira told Harare magistrate Ayanda Dlamini that his ...Published: 12 Dec 2023 at 06:04hrs | 8 | by Staff reporter
Zimbabwe govt 'sabotaged' de-dollarisation plan, says Biti
Former Finance minister Tendai Biti has said government's forceful nature of its policies to adopt the volatile Zimdollar sabotaged plans to de-dollarise the economy .The local currency has be...Published: 04 Dec 2023 at 04:48hrs | 8 | by Staff reporter
Mnangagwa protects judge facing a series of corruption scandals
SOMETIME in February The NewsHawks reported that the Judicial Service Commission (JSC) had recommended that President Emmerson Mnangagwa must set up tribunals to investigate High Court Justices Webste...Published: 13 Nov 2023 at 21:25hrs | 10 | by Staff reporter
The rift between Zimbabwe and Zambia: …the making of Joseph Kalimbwe
In recent years, the relationship between Zimbabwe and Zambia has taken a turn for the worse, marked by growing tensions and diplomatic strain. While various factors have contributed to this rift, the...Published: 11 Nov 2023 at 07:04hrs | 8 | by Grace Chekai
Delta Loss control manager demands USD from clients
Delta Beverages, a prominent brewery, has purportedly initiated a demand for payments in foreign currency for its product range within Mashonaland Central province. This action unfolds against a backd...Published: 04 Nov 2023 at 12:18hrs | 25 | by Simbarashe Sithole
Zimbabwe foreign currency deposits shoot to US$1, 6 billion
Foreign currency deposits have surged to an impressive US$1.6 billion, largely attributed to growing confidence in the stability of the banking sector, as revealed by the Reserve Bank of Zimbabwe (RBZ...Published: 26 Oct 2023 at 06:23hrs | | by Staff reporter
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