'Bureaus not allowed to transact with corporates'

Bureaux de Change are not allowed to transact with corporates or enter into twining arrangements with customers to prefund foreign currency purchases, according to a directive from the Reserve Bank of...

By Staff reporter | Published: 05 October 2019


Money supply growth accelerates in June

The Reserve Bank of Zimbabwe (RBZ) released its monthly economic review for June detailing monetary statistics for the 2019 half year. The report comes in the build up to Governor Dr. John Mangudya's ...

By Staff reporter | Published: 23 September 2019


Mthuli Ncube could hike rates over 50% to deal with speculators

Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, the govern...

By Reuters | Published: 10 July 2019


Zimbabwe banks paying more than the black market rates

THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market says it's market assessment shows that the once thriving...

By newzimbabwe | Published: 02 July 2019


Black market rates retreat after policy change

The Zimbabwe Stock Exchange shed 0.6% as big caps stalled under thin trading following yesterday’s significant monetary policy developments. The imposition of the 90-day vesting period for dual...

By Staff reporter | Published: 26 June 2019


'Private sector frustrates interbank system'

INDUSTRY and Commerce Minister Mangaliso Ndlovu has blamed the private sector for frustrating the success of the interbank foreign currency market by shifting goal posts and blaming Government for the...

By Staff reporter | Published: 30 April 2019


Bulawayo residents vow to resist BCC rates hike

BULAWAYO residents have reacted angrily to threats by the Bulawayo City Council (BCC) to forge ahead with rates and tariff increases due to runaway inflation despite resistance from ratepayers.The BCC...

By Staff reporter | Published: 29 April 2019


Job losses spike as economy deteriorates

POOR government policies have led to the escalation of the country's economic crisis with an estimated 13 000 people in the western region losing their jobs in the past 12 months, a labour official ha...

By Staff reporter | Published: 06 January 2019


Farmers bemoan high bank interest rates

FARMERS are saying the interest rates being charged by banks are stifling the growth of the agricultural sector.Zimbabwe Commercial Farmers' Union (ZCFU) president Mr Wonder Chabikwa said the interest...

By Staff reporter | Published: 23 December 2018


Matemadanda berates war vets who demonstrated against him

WAR Veterans deputy minister Victor Matemadanda has berated some former fighters who challenged his liberation war credentials, saying he cannot be vetted in the streets.Matemadanda was reacting to cl...

By Staff reporter | Published: 21 December 2018


Zanu-PF celebrates terror leader return

ZANU-PF last week threw a lavish party to welcome back its official after he was released from jail, having spent 14 years behind bars for killing an MDC activist in the run-up to the 2002 general ele...

By Staff reporter | Published: 10 December 2018


'Black market rates to fall in medium-term'

Local research firm IH Securities sees parallel market rates falling in the medium term, as government implements fiscal discipline and moderating consumer demand.Since the presentation of the 2019 Na...

By Staff reporter | Published: 28 November 2018


Maziwisa exonerates Mnangagwa

FORMER Zanu-PF legislator Psychology Maziwisa, who is facing charges of swindling the Zimbabwe Power Company (ZPC) of $12 650 in a botched public relations deal told the court that he had never sought...

By Staff reporter | Published: 27 November 2018


ZPC finance director exonerates Undenge

ZIMBABWE Power Company (ZPC) finance director Hubert Chiwara yesterday told the court that the $5 million payment to controversial businessman Wicknell Chivayo's Intratrek was made without former Ener...

By Staff reporter | Published: 20 November 2018


JSC mentors magistrates on handling corruption matters

THE Judicial Service Commission (JSC) is training magistrates on dealing with cases to do with corruption which is now viewed as one of the biggest threats to the resuscitation of the fledgging econom...

By Staff reporter | Published: 16 November 2018


Illicit trading exaggerates trade deficit

ZIMBABWE's persistent trade deficit has been magnified by unstated foreign trade activity, the country's national statistical agency has said.In recent years, the southern African country has run syst...

By Staff reporter | Published: 30 September 2018


Black market rates hit 100% ceiling, why and how?

PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how...

By Staff reporter | Published: 18 July 2018


60 new magistrates undergo induction course

CHIEF Justice Luke Malaba yesterday commended the government for lifting the lid on public service recruitment, saying the move had enabled the Judicial Service Commission (JSC) to hire an additional ...

By Staff reporter | Published: 10 July 2018


Chamisa penetrates Zanu-PF strongholds

MDC Alliance leader Nelson Chamisa seems to be making inroads in what used to be Zanu-PF strongholds where thousands of people are teeming to attend his rallies.Rural areas have for long been consider...

By Staff reporter | Published: 09 July 2018


Bulawayo residents threaten rates boycott

THE Bulawayo City Council has rapped Vice-President Constantino Chiwenga for urging residents to boycott paying rates at a time government departments and parastatals were owing a combined $7 million ...

By Staff reporter | Published: 06 July 2018


Chiwenga's rates boycott recipe for disaster

VICE-PRESIDENT Constantino Chiwenga's weekend call for Harare residents to stop paying rates to force the MDC-T-dominated local authority to improve service delivery cannot go unchallenged as it sets ...

By Staff reporter | Published: 03 July 2018


Chiwenga urges supporters to stop paying rates

ACTING President Constantino Chiwenga yesterday dangled a carrot to Zanu-PF supporters in Harare by urging them to stop paying council rates if they were aggrieved by services provided by the local au...

By Staff reporter | Published: 02 July 2018


Kasukuwere narrates great escape

FORMER Cabinet minister and Zanu-PF commissar, Saviour Kasukuwere yesterday told a Harare magistrate that he escaped death by a whisker last November when the military pumped over 113 rounds of live a...

By Staff reporter | Published: 13 June 2018


Kasukuwere narrates 'execution' plot

Former Zanu PF national political commissar Saviour Kasukuwere said that he skipped the country's border and sought refugee in Mozambique after learning that the junta wanted to execute him during the...

By Staff reporter | Published: 12 June 2018


ZPC boss exonerates Undenge

ZIMBABWE Power Company managing director, Noah Gwariro yesterday sprung to the defence of former Energy minister Samuel Undenge, who is accused of criminal abuse of office after he allegedly ordered t...

By Staff reporter | Published: 07 June 2018

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