Search / Transaction
Zuma arms deal persecution is weird, says Thuli Madonsela
Former public protector Prof Thuli Madonsela has dropped a bombshell that former president Jacob Zuma's prosecution regarding the controversial arms deal is a mystery. Her remarks came during ...Published: 2 hrs ago | 212 | by Staff reporter
Ex-Zanu-PF councillor jailed 14 years for stock theft
Former Zanu-PF Insiza Ward 17 Councillor Sindiso Ndlovu, alongside accomplice Buhle Nkomazana, received an effective 14-year prison sentence each on Friday after being convicted of stock theft. Their ...Published: 3 hrs ago | 63 | by Staff reporter
Woman jailed four years for fraud
A 46-year-old woman from Harare, Betty Makura, has been sentenced to four years in prison for defrauding a local company director of $40,000 in a fraudulent residential stands deal. The ruling was mad...Published: 03 Nov 2024 at 10:18hrs | 321 | by Staff reporter
CABS bank manager accused of stealing depositors' funds
A manager at the CABS Highlands branch, Raymond Chikonyora, faced court last week on serious charges related to the unauthorized withdrawal of funds from clients' accounts. The allegations have raised...Published: 03 Nov 2024 at 10:17hrs | 4421 | by Staff reporter
Zimbabwe govt official in court over stands scandal
A local government ministry official, Everisto Nyamadzawo, appeared in court last week facing serious allegations of criminal abuse of office involving more than $77,000. The case has raised eyebrows ...Published: 03 Nov 2024 at 10:15hrs | 308 | by Staff reporter
Dr Nkululeko Sibanda's assets to be forfeited
The National Prosecuting Authority of Zimbabwe (NPAZ) has filed a High Court application to seize properties worth millions of dollars from the estate of the late businessman Dr. Nkululeko Sibanda, ac...Published: 03 Nov 2024 at 10:03hrs | 3082 | by Staff reporter
RBZ hikes limits for mobile money and electronic transactions
Zimbabwe's Reserve Bank (RBZ) has announced an increase in transaction limits for mobile money and electronic transfers, a move aimed at addressing the challenges posed by rising inflation and fluctua...Published: 02 Nov 2024 at 08:49hrs | 5108 | by Staff reporter
Management shake up at RBZ
The Reserve Bank of Zimbabwe (RBZ) is initiating a significant remodelling of its management structure as newly appointed Governor John Mushayavanhu aims to assemble a capable team to address the coun...Published: 01 Nov 2024 at 06:48hrs | 2440 | by Staff reporter
South Africa plans to say goodbye to cash?
Despite the surging adoption of contactless payments in South Africa, more than half of the country still relies on cash as their dominant payment method, and the digital divide is slowing the migrati...Published: 29 Oct 2024 at 13:54hrs | 3005 | by Staff reporter
ZiG remains fully legal and operational, says RBZ
The Reserve Bank of Zimbabwe (RBZ) has reassured the public that the Zimbabwe Gold (ZiG) currency remains fully legal and operational, dismissing concerns about potential regulatory gaps. This clarifi...Published: 28 Oct 2024 at 17:12hrs | 1007 | by Staff reporter
Man in trouble for refusing to pay sex worker
A 27-year-old man from Mbembesi, Matabeleland North province, has been charged with rape after allegedly refusing to pay a sex worker for her services. Gracious Lamula appeared before Bulawayo Regiona...Published: 28 Oct 2024 at 07:03hrs | 833 | by Staff reporter
Cheap mobile and fintech innovator a solution for the Zimbabwe market
Greydot Telecommunications Zimbabwe, a subsidiary of Greydot Telecommunications Africa, is making significant strides in the telecommunications and fintech landscape across Southern Africa. Establishe...Published: 27 Oct 2024 at 14:32hrs | 760 | by Staff reporter
IMF cautions Zimbabwe
ZIMBABWE won't solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said."There's a tendency t...Published: 27 Oct 2024 at 12:30hrs | 4003 | by Staff reporter
Zimbabwe's new policy outlines plans to widen tax base
The Zimbabwean government has announced a new policy under the Zimbabwe Industrial Reconstruction and Growth Plan (ZIRGP) to simplify tax models for Small to Medium Enterprises (SMEs). This move aims ...Published: 27 Oct 2024 at 12:18hrs | 259 | by Staff reporter
Zimbabwe needs alternative to US$
Persistence Gwanyanya, a member of the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee, has underscored the urgent need for alternatives to the US dollar as a store of value, highlighting c...Published: 25 Oct 2024 at 14:40hrs | 562 | by Staff reporter
US Ambassador agrees that Zimbabwe was under sanctions
In a recently published op-ed, US Ambassador to Zimbabwe, Pamela M. Tremont, provided clarity on the sanctions imposed on Zimbabwe, emphasizing the limited scope and specific targets of these measures...Published: 25 Oct 2024 at 12:54hrs | 600 | by Ambassador Pamela M. Tremont
Innovate Change: Best Online Casinos in New Zealand | Where to Play and Win Real Money
Multiple online casinos offer players the chance to win big while enjoying their favorite games from the comfort of home. However, not all online casinos are created equal. To help Kiwi players fin...Published: 24 Oct 2024 at 14:59hrs | 156 | by Staff Reporter
Jamboo joins Crowdcube in groundbreaking fundraising campaign
Fintech company Jamboo has embarked on an exciting new chapter, launching its fundraising campaign on Crowdcube, the UK's largest crowdfunding platform. Jamboo, co-founded by Zimbabwean entrep...Published: 23 Oct 2024 at 20:23hrs | 180 | by Agencies
SA businessman under scrutiny for US$850m Zimbabwe oil pipeline project
In an emerging narrative that intertwines immense financial stakes and allegations of corruption, South African businessman Errol Gregor is spotlighted for his involvement in a US$850 million oil pipe...Published: 22 Oct 2024 at 08:06hrs | 681 | by Staff reporter
Swipe machines now mandatory in Zimbabwe
The Consumer Protection Commission has launched an enforcement blitz against businesses refusing to accept Point-of-Sale (POS) machine transactions, making it mandatory for all businesses to comply wi...Published: 21 Oct 2024 at 07:41hrs | 3168 | by Staff reporter
Teaching Ndebele in Zimbabwe schools will have helped Shonas
There are times when you think you are spitting someone, when in fact, you are destroying yourself.One such instance was when Robert Mugabe and his colleagues in ZANU (before it became ZANU-PF...Published: 20 Oct 2024 at 12:21hrs | 278 | by Hopewell Chin'ono
BRICs payment system being tested
A new digital payments system, BRICS Pay, debuted for live testing at this week's BRICS Business Forum at the International Trade Center in Moscow.During the trial - on 17 and 18 October - for...Published: 19 Oct 2024 at 15:54hrs | 1736 | by Staff reporter
Setback for Ramaphosa as another major retailer in South Africa closes its doors
Jumia Technologies, the Africa-focused e-commerce retailer that operates popular online retailer Zando, says it will be exiting the South African business by the end of the year to sharpen its focus o...Published: 19 Oct 2024 at 12:31hrs | 9553 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1426 | by Staff reporter
Zimbabwe's resilience: A nation's ability to overcome economic challenges, from sanctions to currency instability
For over two decades, Zimbabwe has been a nation under siege. Economic sanctions, imposed primarily by the United States and its Western allies, have crippled the country's economy, creating one of th...Published: 18 Oct 2024 at 11:56hrs | 154 | by Michael Badze
Businessman cleared of stock theft
Zvishavane businessman Justice Zijena and his associates have been cleared of stock theft allegations after presenting the necessary paperwork proving the legitimate purchase of five cattle. The situa...Published: 18 Oct 2024 at 10:41hrs | 556 | by Staff reporter
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1695 | by Staff reporter
Con-artist on the prowl in Bulawayo
The Bulawayo City Council (BCC) has issued a warning to organizations and the public about a fraudster impersonating one of its officials. Town Clerk Christopher Dube announced that a man named Mr. Mh...Published: 18 Oct 2024 at 08:42hrs | 182 | by Staff reporter
Cop testifies in hired SA hitmen's trial
The trial of five suspected hitmen based in South Africa, allegedly hired to kidnap and assault a local businessman over a botched US$800,000 gas tanks deal, continued this week with the State present...Published: 18 Oct 2024 at 08:27hrs | 89 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3240 | by Engineer Jacob Kudzayi Mutisi
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6181 | by Engineer Jacob Kudzayi Mutisi
Backdated pay rise for civil servants
The Government has delivered on its commitment to review upwards the salaries of civil servants, with employees starting to receive their backdated pay yesterday. This move is part of the Government's...Published: 16 Oct 2024 at 11:47hrs | 526 | by Staff reporter
ZiG struggles persist
The woes surrounding the Zimbabwe Gold (ZWG) currency show no signs of abating, as retailers continue to implement a three-tier pricing system for products, complicating consumer transactions and unde...Published: 15 Oct 2024 at 08:39hrs | 2764 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 163 | by Staff reporter
African Sun terminates hotel sale agreements with TD hotels
Hospitality group African Sun Limited (ASL) has announced the termination of its agreements for the sale of two hotels to TD Hotels & Leisure (Private) Limited. The decision comes as ASL had previ...Published: 14 Oct 2024 at 10:22hrs | 1344 | by Staff reporter
Mutapa to acquire drug producer CAPS Holdings
Zimbabwe's sovereign wealth fund, the Mutapa Investment Fund, is set to acquire local healthcare and drug manufacturing giant CAPS Holdings, despite a Supreme Court ruling earlier this year overturnin...Published: 14 Oct 2024 at 08:10hrs | 181 | by Staff reporter
Director in court for US$120,000 fraud
Miccokays Enterprises (Private) Limited director, Gamuchirai Grant Machakaire, appeared in court on Saturday facing charges of defrauding Zakir H. Motola Investments (Pvt) Ltd of US$120,000 in a faile...Published: 14 Oct 2024 at 08:08hrs | 312 | by Staff reporter
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Evasive Zanu-PF's crook MP sued by chief election agent
Zanu-PF legislator for Chipinge Central, Raymond Machingura, has been sued by his chief election agent after failing to reimburse over US$1,400 in cash, plus a Nissan NP300 bakkie, as payment for elec...Published: 11 Oct 2024 at 20:19hrs | 1217 | by Gideon Madzikatidze/Simbarashe in Chipinge
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1319 | by Staff reporter
5 reasons Zimbabwean diaspora should choose Remitly
The flow of remittances to Zimbabwe is substantial, with diaspora remittances estimated at over US$1 billion annually, accounting for approximately 16% of the country's total foreign exchange receipts...Published: 11 Oct 2024 at 16:00hrs | 314 | by Staff reporter
Innscor booted out of Profeeds
Innscor Africa Limited has been ordered to divest from Profeeds after the Supreme Court ruled that the merger of Profeeds and National Foods created a near monopoly in the stockfeed industry.S...Published: 10 Oct 2024 at 13:11hrs | 2511 | by Staff reporter
'Zimbabwe's new land laws biggest heist'
Former Cabinet minister Walter Mzembi has raised concerns over a possible land grab by Zimbabwe's elite following the government's announcement of a new model that allows for land acquired under the l...Published: 10 Oct 2024 at 07:50hrs | 1233 | by Staff reporter
Harare stands scandal: More details emerge
More details have emerged regarding the Harare City Council housing stands scandal, revealing that the Registrar of Deeds office has been unable to locate title deeds for the allocated stands. This re...Published: 09 Oct 2024 at 07:45hrs | 2499 | by Staff reporter
Zimbabwe gazettes new limit on cash exports
The Government of Zimbabwe has introduced new regulations setting a maximum limit on the amount of cash that individuals can take out of the country without prior approval from the Reserve Bank of Zim...Published: 08 Oct 2024 at 19:43hrs | 2523 | by Staff reporter
Harare City Council uncovers $2 million scandal
A seven-member sub-committee appointed by the Harare City Council has uncovered a scandal that has cost the municipality over US$2 million in a dubious land deal. The investigation, initiated in May 2...Published: 08 Oct 2024 at 07:32hrs | 546 | by Staff reporter
Gurira in US$77,000 scam
Simbarashe Oswald Gurira, a 38-year-old official from the Ministry of the Veterans of the Liberation Struggle, appeared in the Harare magistrate's court last Friday, facing serious allegations of abus...Published: 07 Oct 2024 at 08:05hrs | 1360 | by Staff reporter
Cyber crimes under-reported
Despite tireless efforts made by local, regional and global state and non-state actors to curb cybercrimes, statistics continues to spike because victims shun reporting these cases and therefore suffe...Published: 04 Oct 2024 at 12:14hrs | 122 | by Gideon Madzikatidze
Mr. President, you'll never fix the economy when you behave like a witchdoctor!
When I was listening to President Emmerson Dambudzo Mnangagwa delivering his State of the Nation Address (SONA) yesterday, I hoped he would finally provide solutions to the country's economic crisis....Published: 03 Oct 2024 at 10:45hrs | 791 | by Tendai Ruben Mbofana
Mnangagwa orders Parliament to finalise PVO Bill
President Emmerson Mnangagwa has directed the 10th Parliament to expedite the finalization of the Private Voluntary Organisations (PVO) Bill, a move critics argue will significantly restrict the opera...Published: 03 Oct 2024 at 08:57hrs | 257 | by Staff reporter
Load More Stories
