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Exchange control regulations and export growth
The monetary policy committee for the Reserve Bank of Zimbabwe (RBZ) issued a circular with changes to export surrender requirements on the 7th of January 2021. The changes include immediately removin...Published: 8 hrs ago | 84 | by Victor Bhoroma
US$2,7m heist suspect killed in shoot-out, three still on the run
A suspect in the US$2,7 million ZB Bank cash-in-transit heist died in Zaka on Thursday in a shoot-out with detectives, while three others appeared in court yesterday. So far, police have arres...Published: 16 Jan 2021 at 07:11hrs | 1023 | by Staff reporter
NSSA to dispose of FML, Turnall stakes
The National Social Security Authority is set to dispose part of its shareholding in First Mutual Holdings Limited and to divest from Turnall Holdings as part of its investment refocus strategy which ...Published: 15 Jan 2021 at 10:18hrs | 946 | by Staff reporter
Army-linked Anjin grabs richest diamond claim
AN army-linked miner, Anjin Investments (Pvt) Ltd, grabbed the most lucrative diamond claim in Marange from a firm owned by the government after being relicensed under unclear circumstances, it has em...Published: 15 Jan 2021 at 07:47hrs | 1108 | by Kenneth Matimaire
US$500K cash recovered in US$2.5 million heist
EIGHT more suspects in a US$2.5 million money heist were on Wednesday brought to court movie style.Police used high security vehicles in a motorcade to bring the suspects to court.Of t...Published: 14 Jan 2021 at 14:32hrs | 3489 | by Staff Reporter
US$2,7m heist: 8 more suspects appear in court
Over US$456 000 has been recovered from the US$2,7 million that was robbed from a security company last week, together with cars that had been bought by the suspects. Eleven suspects have been...Published: 14 Jan 2021 at 07:46hrs | 428 | by Staff reporter
Forex auction resumes
THE Foreign Currency Auction Trading System resumes today after the festive season break amid expectations the exchange rate will have less pressure as demand for forex is traditionally low during thi...Published: 12 Jan 2021 at 08:38hrs | 321 | by Staff reporter
Long serving Jeka nurse dies
There are allegations that Mai Sigogo, one of the longest-serving nurse at Jeka Hospital has died.A message on Facebook said, "Today Mberengwa lost gamba redunhu. This photo was taken in ...Published: 09 Jan 2021 at 15:30hrs | 1851 | by Staff reporter
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | 513 | by Victor Bhoroma
RBZ backs down on exporters' free funds
THE central bank has made a raft of major reforms to stabilise the foreign exchange market, including immediately scrapping the much-loathed compulsory requirement to liquidate unutilised export proce...Published: 08 Jan 2021 at 20:25hrs | 475 | by Staff reporter
Anti-graft crack team seizes $2 billion assets
A CRACK team made up of the Zimbabwe Anti-Corruption Commission (Zacc), the National Prosecuting Authority (NPA) and the Reserve Bank of Zimbabwe (RBZ) has seized luxury homes and top-end vehicles wor...Published: 08 Jan 2021 at 07:53hrs | 1539 | by Staff reporter
Zimbabwe govt says to re-engage new US admin
FINANCE minister Mthuli Ncube has said he does not expect any change to the United States policy on Zimbabwe despite the change of administration in that country when President-elect Joe Biden is inau...Published: 08 Jan 2021 at 07:49hrs | 742 | by Staff reporter
Zimbabwe to fund white farmers' compensation with mine revenue
Zimbabwe plans to use profits from a mining venture to help settle a $3.5 billion compensation claim from white farmers and settle a two-decade dispute that's soured the country's relations with Weste...Published: 07 Jan 2021 at 18:44hrs | 1083 | by Staff reporter
Zacc surpasses targets?
The Zimbabwe Anti-Corruption Commission (ZACC) is working on a higher target of cases to be investigated this year in its fight against corruption, amid indications it surpassed its target of 80 docke...Published: 06 Jan 2021 at 06:50hrs | 174 | by Staff reporter
Mnangagwa orders Harare audit
President Mnangagwa has ordered a forensic audit on Harare City Council to get to the bottom of deep-rooted corruption that has seen two mayors, many councillors and senior officials being arrested. ...Published: 01 Jan 2021 at 07:20hrs | 519 | by Staff reporter
Why your funeral claim may be rejected
Death is certain, but the impact can be minimised through proper planning and awareness. Responsible people minimise its impact by taking a funeral policy. They will live peacefully knowing they will ...Published: 27 Dec 2020 at 08:12hrs | 350 | by Farai Francis Zhara
Electronic Fund Transfers fuel money laundering in Zimbabwe
CROSS-BORDER money traders are collecting huge sums in foreign currency in Zimbabwe and smuggling it into South Africa through the use of Electronic Funds Transfer (EFT).The illegal traders tu...Published: 27 Dec 2020 at 07:13hrs | 1031 | by Vusumuzi Dube
Chiyangwa's 50 children maintenance bill
BUSINESSMAN-CUM-POLITICIAN Philip Chiyangwa recently told a court that he is paying maintenance for more than 50 children.This came to light after his High Court appeal against a $40 000 maint...Published: 17 Dec 2020 at 17:59hrs | 4880 | by Staff reporter
Mnangagwa 'aide' loses vehicles worth US$160,000
THE Zimbabwe Anti-Corruption Commission (ZACC) has confiscated and ordered the forfeiture of vehicles worth US$160 000 owned by convicted former principal director of State residences in the Office of...Published: 17 Dec 2020 at 17:56hrs | 2886 | by Staff reporter
Fortune Chasi's fight to be held on Boxing Day
Twenty-year-old online comedy sensation Melusi Chiripowako, affectionately known as Ray Vines, is set to take former Minister of Energy and Power Development, Fortune Chasi, in a boxing ring as part o...Published: 17 Dec 2020 at 06:48hrs | 708 | by Staff reporter
Zimbabwe central bank accessed US$1.5 billion in offshore facilities in 2019
The Reserve Bank of Zimbabwe said it accessed offshore facilities more than US$1.47 billion in 2019 for Zimbabwe for balance of payments support as well to liquefy the since abandoned foreign exchange...Published: 16 Dec 2020 at 14:05hrs | 447 | by Staff reporter
Mine in Mashurugwi deal to end violence
DURATION Gold, proprietors of infamous Gaika Mine in Kwekwe have gone into a win-win partnership with artisanal miners at part of their Athens Mine in Mvuma in a bid to permanently end bloody battles ...Published: 15 Dec 2020 at 07:56hrs | 764 | by Staff reporter
Anti-graft crusade: NPA scales up tempo
THE National Prosecution Authority (NPA) is scaling up efforts to seize assets acquired through the proceeds of corruption as part of efforts to fight graft.It will from next week be bringing ...Published: 11 Dec 2020 at 19:05hrs | 340 | by Staff reporter
Rushwaya bail appeal hearing commences
SUSPENDED Zimbabwe Miners Federation leader Henrietta Rushwaya, locked up for reportedly attempting to smuggle 6kgs of gold out of Zimbabwe, said the magistrate adopted a wrong procedure in denying he...Published: 11 Dec 2020 at 18:53hrs | 226 | by Staff reporter
ZACC goes after priest who received US$100,000 tithe
TWO local Bishops are under probe from the Zimbabwe Anti-Corruption Commission (ZACC) on allegations of receiving huge sums of money as tithe from suspected proceeds of crime.This was revealed...Published: 10 Dec 2020 at 06:32hrs | 1774 | by Staff reporter
Zacc recovers 501 cars, seizes US$5m properties
More than US$5 million worth of corruptly-acquired property, including 501 vehicles, have been seized by the Zimbabwe Anti-Corruption Commission in the past 18 months as Zimbabwean authorities intensi...Published: 10 Dec 2020 at 06:30hrs | 428 | by Staff reporter
Businessman up for money laundering
BUSINESSMAN Fidelis Chuma on Saturday appeared in court on allegations of money laundering involving $300 million.Chuma, who runs a floor polish company King Cobra, is being accused of using a...Published: 30 Nov 2020 at 19:05hrs | 2978 | by Staff reporter
Mthuli Ncube US$100m for Sovereign Wealth Fund
AN equivalent of US$100 million has been set aside in the National Budget to operationalise the Sovereign Wealth Fund (SWF), established about five years ago to build reserves for long term savings, F...Published: 30 Nov 2020 at 05:53hrs | 286 | by Staff reporter
Mnangagwa aims his guns at Zanu-PF land barons
IT HAS emerged that President Emmerson Mnangagwa blew a gasket on Wednesday after he learnt that some Zanu-PF bigwigs were allegedly land barons who were using the proceeds of their ill-gotten gains t...Published: 29 Nov 2020 at 16:00hrs | 2880 | by Staff reporter
Every Zimbabwean deserves secure land rights
IN 2019, Zimbabwe embarked on a long-awaited land policymaking process.The Land Policy's emphasis on gender sensitivity echoes global recognition and acknowledgement of the strategic importanc...Published: 29 Nov 2020 at 07:05hrs | 286 | by Gaynor G Paradza
Treasury orders refunds for exempted 2% tax transactions
Treasury has widened exemption on selected foreign currency denominated transactions from the two percent tax in response to submissions by stakeholders. Those considered would now be refunded...Published: 26 Nov 2020 at 07:11hrs | 418 | by Staff reporter
Ginimbi's family says they are not burning his clothes
The sister to the late socialite and businessman Ginimbi(Genius Kadungure) has dispelled widespread stories that they will burn clothes belonging to her late brother as per instruction in an assigned ...Published: 23 Nov 2020 at 19:55hrs | 4561 | by Staff reporter
Fresh details on land scam
Top officials at Rural District Councils (RDC) are conniving with village heads in the illegal sale of State land especially in peri-urban areas across the country, prejudicing the government of milli...Published: 19 Nov 2020 at 21:23hrs | 618 | by Staff reporter
Corruption rocks Mines ministry
Top officials in the Ministry of Mines and Mining Development are parcelling out already occupied mining claims to cronies and politicians prejudicing government of millions of dollars, a latest Zimba...Published: 19 Nov 2020 at 21:12hrs | 1033 | by Staff reporter
Family faces $5bn money laundering charge
A MUTARE family was yesterday arraigned before a Harare magistrate on money-laundering charges involving $5 billion, which was orchestrated through their supermarket business.The six accused p...Published: 18 Nov 2020 at 05:31hrs | 4418 | by Staff reporter
John Tallach School closes as 100 students test positive to Covid-19
John Tallach Secondary School in Matabeleland North has been closed after 100 pupils and an undisclosed number of teachers tested positive to Covid-19, with the school now a quarantine centre with all...Published: 18 Nov 2020 at 05:18hrs | 698 | by Staff reporter
Zimbabwe looks underground for golden economic revival
REELING from decades of economic mismanagement, Zimbabwe is banking on gold to shore up revenue and tackle the upshots of rampant hyperinflation, corruption and coronavirus restrictions.Global...Published: 16 Nov 2020 at 05:48hrs | 279 | by Staff reporter
Forex dealers in court
Six suspected foreign currency dealers yesterday appeared in court on allegations of using the EcoCash platform to buy US$3 153 317 from the public. The eight are Felix Tafadzwa Chikuse (38), ...Published: 13 Nov 2020 at 05:37hrs | 1477 | by Staff reporter
Where wildlife produces medical doctors
In Africa, some communities still don't have a single person who has graduated as a medical doctor. The reasons are many. It could be a lack of funds for brilliant children to further their ed...Published: 12 Nov 2020 at 07:32hrs | 1908 | by Emmanuel Koro
The mystery of the Mnangagwa gold mill
NOTHING is wrong when a president deals in gold, ordinarily. But, when you hear that President Emmerson Mnangagwa and his family run a gold mill, you struggle to convince yourself that everything is r...Published: 08 Nov 2020 at 07:35hrs | 3268 | by Tawanda Majoni
Zimbabwe in a crisis
A crisis where the government deployed the army, rolled tanks into the streets and killed innocent unarmed civilians at 45°angle and a commission of enquiry instituted but no one is held accountable....Published: 02 Nov 2020 at 10:04hrs | 6688 | by Leonard Koni
Zimbabwe firm battles to recover 'sanctions' blocked funds
Gweru-based Fuest Industrial Supplies is battling to recover US$33,414 export proceeds blocked by the United States Department of the Treasury's Office of Foreign Asset Control (OFAC) seven years ago....Published: 29 Oct 2020 at 06:24hrs | 979 | by Staff reporter
ZACC eyes crime proceeds
The Zimbabwe Anti-Corruption Commission is pushing for changes in legislation that would allow it to keep 15% of crime proceeds that it recovers. This comes after Finance Minister Mthuli Ncube...Published: 29 Oct 2020 at 06:24hrs | 497 | by Staff reporter
Prospect sells Zimbabwe gold asset
AFRICAN lithium developer, Prospect Resources Ltd (Prospect) has sold its Penhalonga gold project in Zimbabwe to Luzich Resources Africa for US$1 million.In a statement, Prospect said it had e...Published: 27 Oct 2020 at 07:17hrs | 551 | by Staff reporter
RBZ bouyant over Zimdollar
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says he is doing everything in his power to maintain a four-month stretch of exchange rate stability achieved since the introduction of the foreig...Published: 25 Oct 2020 at 08:28hrs | 5789 | by Staff reporter
Traditional leaders take over Gukurahundi exhumations
TRADITIONAL leaders will now take over the exhumation and reburials of victims of Gukurahundi in Matabeleland and Midlands while the Government will now only be involved in funding the process as part...Published: 25 Oct 2020 at 07:41hrs | 1213 | by Staff reporter
75 cattle succumb to drought in Midlands
AT least 75 cattle have succumbed to drought in parts of the Midlands province in the past two months and farmers have been urged to de-stock and by supplements for the remaining beasts.Midlan...Published: 23 Oct 2020 at 08:29hrs | 180 | by Staff reporter
Harare City chefs dupe govt
Harare City Council (HCC) bosses could have fleeced the government of ZWL$12m after selling acres of State land in the capital as the illegal parcelling out of land in the capital reaches a new low....Published: 22 Oct 2020 at 07:26hrs | 2448 | by Staff Reporter
Fresh headache for Mnangagwa
Zimbabwe's billion dollar mining sector wants to wholly retain foreign currency receipts to be able to pay royalties, taxes and other levies which the authorities want them paid fully in United States...Published: 22 Oct 2020 at 07:16hrs | 11071 | by Staff Reporter
Preparations for the Econet Victoria Falls Marathon gather pace
HARARE - Econet Wireless Zimbabwe will this year hosts its annual Victoria Falls Marathon on December 13, as a virtually event, due to movement restrictions imposed by the COVID-19 pandemic.Th...Published: 15 Oct 2020 at 16:21hrs | 328 | by Agencies
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