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Gono says Zimbabwe is in a crisis
Former reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says there is no need to deny that the country is in a crisis as the problems were self-evident.President Emmerson Mnangagwa and the ...Published: 51 mins ago | 114 | by Staff reporter
Parliament wants daily forex auctions
PARLIAMENT says the central bank must hold foreign currency auctions daily rather than weekly to ensure the stability of the Zimbabwe dollar.Over the last three weeks, the local unit has margi...Published: 1 hr ago | 43 | by Staff reporter
Investors wary of Vic Falls bourse
EXPERTS say the success of the impending Victoria Falls Stock Exchange (VFSE) will depend on whether foreign investors will be allowed to easily repatriate their investments.In July, Finance m...Published: 18 Sep 2020 at 07:07hrs | 1093 | by Staff reporter
ZSE seeking an equity partner for VFEX
The Zimbabwe Stock Exchange is currently looking for an equity partner for the Victoria Falls Stock Exchange, with particular focus on a partner who is able to support the settlement and clearing side...Published: 17 Sep 2020 at 06:21hrs | 662 | by Staff reporter
RBZ sees blended inflation in single digits in 2021
Inflation is expected to drop to double digits next year as the economy converges to a new steady state although there are now heightened stagflation fears. According to the RBZ, blended annua...Published: 16 Sep 2020 at 06:47hrs | 2510 | by Staff reporter
Zimdollar continues to regain strength
The Reserve Bank of Zimbabwe allotted its highest foreign currency to date at the weekly foreign currency auction today as the local currency continues to regain strength. The Zimbabwe do...Published: 15 Sep 2020 at 17:40hrs | 3344 | by Staff reporter
Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain
FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their respon...Published: 15 Sep 2020 at 11:34hrs | 3926 | by Nathan Gurira
Gono says GNU days were the best
ormer reserve Bank of Zimbabwe (RBZ) governor Gideon Gono says the days of the government of national unity (GNU) were "one of the best economic episodes of our lives".Gono (GG), who retired in 20...Published: 13 Sep 2020 at 07:24hrs | 1589 | by Staff reporter
Why RBZ needs autonomy
Former reserve Bank of Zimbabwe (RBZ) governor Gideon Gono recently appeared on Zimbabwean entrepreneur and newspaper publisher Trevor Ncube's discussion series In Conversation with Trevor.Amo...Published: 13 Sep 2020 at 07:15hrs | 348 | by Admire Dube
Zimbabwe will be exporting power by 2023, says Zhemu Soda
Muzarabani North Member of Parliament, Honourable Zhemu Soda, was last month appointed Energy and Power Development Minister. Before his appointment, he was relatively unknown to many Zimbabweans desp...Published: 13 Sep 2020 at 07:04hrs | 1139 | by Staff reporter
Temba Mliswa a rumbling tinpot
Temba Mliswa is a political turncoat and ruble rousing attention seeker. September 2014 Temba Mliswa supported Joyce Mujuru and labelled Jonathan Moyo and others as gay gangsters who worked for the CI...Published: 12 Sep 2020 at 06:05hrs | 3269 | by Richard Mthwakazi
Gono bitter and lonely outside Government
After a lengthy period of hibernating from the media spotlight, Gideon Gono, the former Reserve Bank of Zimbabwe (RBZ) governor resurfaced in a twitter interview with Alpha Media Holdings' Trevor Ncub...Published: 11 Sep 2020 at 09:45hrs | 6688 | by John Mhazo
We can not all go to OK
Prophets of doom taking their first bite of the proverbial humble pie, may be also taking a face cloth to remove egg from their murky faces, york, white and its all. Who ever thought the forex...Published: 11 Sep 2020 at 07:08hrs | 856 | by Thomas Tondo Murisa
Zimbabweans arise and claim your destiny
The turn of events since the lockdown started in Zimbabwe has exposed the pain and suffering that the Zanu-PF party and government has and continues to inflict on the Zimbabweans.The lies,&nbs...Published: 11 Sep 2020 at 07:03hrs | 82 | by Mzilikazi Zwane
Civil servants forex payment extended
GOVERNMENT has pledged to extend the foreign currency non-taxable Covid-19 allowance for civil servants and pensioners to December as it maintains its position of providing a living wage for its emplo...Published: 10 Sep 2020 at 06:50hrs | 2654 | by Staff reporter
Mutsvangwa bank account saga: Fresh details emerge
Neville Mutsvangwa has been in the media over an alleged 750 000 account that was frozen by Nedbank. A source close to the saga revealed to this reporter that facts surrounding the matter have b...Published: 08 Sep 2020 at 22:29hrs | 15984 | by Mandla Ndlovu
Zimdollar appreciates 0.75% to against the real US dollar
The local currency continued to gain against the dollar as it was up 0.75% in the latest auction as bidders continue to get all the money they bid at their various rates. The ZWL's latest...Published: 08 Sep 2020 at 19:11hrs | 2003 | by Staff reporter
Zimdollar, prices of basic goods remain stable
THERE is a glimmer of hope among long-suffering Zimbabweans that the stabilising cost of basic consumer goods in the country will soon lead to more prices coming down on the back of the continuing goo...Published: 07 Sep 2020 at 17:06hrs | 2372 | by Staff reporter
Zanu-PF ministerial briefings continue
THE governing party, ZANU-PF, will continue briefings with Cabinet ministers as it tries to add impetus to ongoing efforts to grow the economy.The consultations are part of the party's thrust ...Published: 06 Sep 2020 at 08:47hrs | 258 | by Staff reporter
Zimbabweans arise and claim your destiny
The turn of events since the lockdown started in Zimbabwe has exposed the pain and suffering that the Zanu PF party and government has and continues to inflict on the Zimbabweans. The lies, greed, cor...Published: 06 Sep 2020 at 07:44hrs | 342 | by Mzilikazi Zwane
Zimdollar strengthens against the real US dollar
The local currency appreciated for the first time against the US dollar after it firmed a marginal 0.094% to 83.3209 from 83.3994. This followed a drop in both the highest and lowest bids to 87.5 and ...Published: 01 Sep 2020 at 18:39hrs | 6500 | by Staff reporter
RBZ to settle gold miners' outstanding payments
THE Zimbabwe Miners Federation (ZMF) has received assurance from the Reserve Bank of Zimbabwe that its members will start receiving outstanding payments for gold deliveries this week. ZMF is t...Published: 31 Aug 2020 at 06:01hrs | 252 | by Staff reporter
Zimbabwe set to lose $1 billion in potential revenue
ZIMBABWE'S cash-strapped government is set to forgo over $1 billion in revenues from the intermediated money transfer tax (IMTT) as a result of policy inconsistencies, analysts have said.The g...Published: 30 Aug 2020 at 10:58hrs | 1380 | by Staff reporter
Mangudya's auction has made doubting Thomases believe
On June 23, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country.Indeed, the auction came as refre...Published: 30 Aug 2020 at 08:28hrs | 561 | by Jameson Dapi
Price stability to force inflation down
The growing price and exchange rate stability following the introduction in June of the forex auction, coupled with a cocktail of measures by the Reserve Bank of Zimbabwe (RBZ) to support the platform...Published: 30 Aug 2020 at 08:27hrs | 366 | by Staff reporter
Mangudya's auction has made doubting Thomases believe…
On 23 June, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country. Indeed, the auction came as refreshingly...Published: 28 Aug 2020 at 19:04hrs | 2295 | by Jameson Dapi
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 2559 | by Staff reporter
Mugabe coup announcer emerges front-runner in Zanu-PF succession race
FOREIGN Minister Sibusiso Moyo has emerged as a centre of power in government and the ruling Zanu-PF party, and now fancies his chances of becoming Zimbabwe's next president.This was said by e...Published: 27 Aug 2020 at 07:36hrs | 15439 | by newzimbabwe
Forex auction system has failed: Mashakada
THE forex auction system introduced by the Reserve Bank of Zimbabwe in June this year to contain the black market and stabilise the economy has been a major failure and will not achieve targeted resul...Published: 27 Aug 2020 at 07:34hrs | 2679 | by Staff reporter
Econet abolishes mobile money agents
ZIMBABWE'S telecommunications giant, Econet, has abolished mobile money agents and reduced to a maximum of $5000 per day all individual EcoCash transactions in compliance with a directive from the Res...Published: 26 Aug 2020 at 20:39hrs | 2544 | by Staff reporter
RBZ tightens EcoCash squeeze
The Reserve Bank of Zimbabwe (RBZ) has directed Econet Wireless that EcoCash individual subscribers will, with immediate effect, be allowed to transact a maximum of Z$5,000 daily.Individuals a...Published: 26 Aug 2020 at 20:35hrs | 2859 | by Staff reporter
Mangudya stabilizes market and prices through Foreign exchange auction
The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bi...Published: 26 Aug 2020 at 13:30hrs | 3404 | by Tinashe Eric Muzamhindo
Businesses warned for flouting forex auction rate
GOVERNMENT has condemned the practice by some businesses to charge people paying in local currency using rates that are above the foreign currency auction rate. Most shops are not adhering to ...Published: 26 Aug 2020 at 07:07hrs | 396 | by Staff reporter
Zimdollar depreciates 0.57% to 83.40 against the US dollar
The Zimbabwean dollar depreciated 0.576% to 83.3994 from last week's 82.9184 as the spread between bids narrowed further. While this is a step in the right direction in terms of price sta...Published: 25 Aug 2020 at 18:05hrs | 760 | by Staff reporter
More forex for auction system
More foreign currency will now be pumped into the weekly forex auction system, as it has become critical in stabilising the exchange rate and consequently prices. Further, the Government will ...Published: 25 Aug 2020 at 07:01hrs | 3032 | by Staff reporter
Pyramid scheme bosses on the run
Pyramid scheme bosses Bevern Dzinoenda and Ambrose Chikukwa are wanted by the police in connection with contravening the Banking Act after allegedly operating their money laundering business in Harare...Published: 24 Aug 2020 at 07:07hrs | 774 | by Staff reporter
More USD for Zimbabwe
ZIMBABWEANS living and working abroad sent more than US$374 million back home during the first six months of the year, which represents a 26 percent rise from the US$298 million that was recorded in t...Published: 23 Aug 2020 at 11:11hrs | 1163 | by Staff reporter
Zimbabwe economy finally being 'rigged'
Nelson Chamisa and his MDC-Alliance lost the election in the July 2018 elections of the post-Mugabe era.Reacting to this loss, he cockily pronounced that it was of no consequence.His a...Published: 23 Aug 2020 at 11:10hrs | 816 | by Ambassador Chris Mutsvangwa
Mobile operators outed for printing money
SOME mobile money operators have been printing money through creating overdrafts and fictitious credit, most of which was channelled to buy foreign currency on the parallel market a practice that has ...Published: 23 Aug 2020 at 11:09hrs | 596 | by Staff reporter
Cash disbursements to resume
Cash disbursements to vulnerable households affected by Covid-19 are set to resume soon as the Reserve Bank of Zimbabwe (RBZ) finalises its investigations into abuse of mobile money platforms, which w...Published: 23 Aug 2020 at 11:08hrs | 326 | by Staff reporter
RBZ 'bans' bulk payments of salaries, wages
THE Reserve Bank of Zimbabwe (RBZ) has restricted the payment of salaries and wages through bulk payments and mobile money agents as part of measures to curb illicit transactions.The move by t...Published: 22 Aug 2020 at 08:34hrs | 8334 | by Staff reporter
RBZ directs sale of 20% shop forex
Twenty percent of all new foreign currency taken by Zimbabwean businesses from local customers must now be liquidated at the official exchange rate, when deposited in a domestic foreign currency bank ...Published: 22 Aug 2020 at 08:25hrs | 1578 | by Staff reporter
Mobile money agents abolished in Zimbabwe
GOVERNMENT has with immediate effect abolished mobile money wallet agents as they are no longer serving any legitimate purpose and further tightened regulations to tackle illegal foreign currency deal...Published: 21 Aug 2020 at 19:31hrs | 1848 | by Staff reporter
Mangudya admits partial dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya, pictured, yesterday said the country partly dollarised to allow citizens to use foreign currency they get from their relatives in the diaspora....Published: 21 Aug 2020 at 19:28hrs | 1981 | by Staff reporter
BREAKING: Government bans Ecocash and other mobile money agents
The Reserve Bank of Zimbabwe has banned Ecocash, Telecash and One Money and MyCash agents with immediate effect. In a statement on Friday the central bank said, "Agent wallets are no longer se...Published: 21 Aug 2020 at 14:13hrs | 11454 | by Mandla Ndlovu
Gono calls for Kagame mediation in Zimbabwe crisis
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has proposed Rwandan President Paul Kagame to broker an African Union (AU)-driven national dialogue that would culminate in the formation of ...Published: 21 Aug 2020 at 08:03hrs | 7040 | by Staff reporter
Is foreign currency market stabilising?
It has been nine weeks since the Reserve Bank of Zimbabwe (RBZ) reintroduced the managed float interbank foreign currency trading system. The resumption was meant to establish a formal market under wh...Published: 21 Aug 2020 at 07:56hrs | 909 | by Respect Gwenzi
Zimra demands taxes in forex
THE Zimbabwe Revenue Authority (Zimra) says a new law will shortly be introduced compelling companies transacting in United States dollars to receipt in foreign currency.Zimra said failure to ...Published: 21 Aug 2020 at 07:50hrs | 1164 | by Staff reporter
Mangudya goads firms to liquidate forex earnings
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya (pictured) has threatened to blacklist firms which do not liquidate their foreign currency on the forex auction as well as those who purchase the ...Published: 21 Aug 2020 at 07:49hrs | 1390 | by Staff reporter
RBZ to blacklist firms snubbing forex auction
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has threatened to blacklist firms that do not liquidate their foreign currency on the forex auction as well as purchase the currency on the same p...Published: 21 Aug 2020 at 07:40hrs | 990 | by Staff reporter
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