BUSINESS NEWS

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 ...

By Staff reporter | Published: 01 September 2020

BUSINESS NEWS

Concerns that informal market may mop up US$ as parallel rates creep up

Industry is yet to gather data on how much sales are being generated in foreign currency although there is an increase in the use of domestic nostro accounts to settle transactions as RTGS liquidity b...

By Staff reporter | Published: 01 September 2020

BUSINESS NEWS

Mnangagwa okays US dollar use

PRESIDENT Emmerson Mnangagwa has gazetted Statutory Instrument 85/20, which will allow citizens and businesses to charge goods and services using the United States (US) dollar as part of combating the...

By Staff reporter | Published: 31 March 2020

BUSINESS NEWS

RBZ suspends 30-day forex liquidation requirement

The Reserve Bank of Zimbabwe has suspended the 30-day liquidation requirement on un-utilized foreign currency balances for exporters to support its use of free-funds policy. Last week the RBZ announce...

By Staff reporter | Published: 31 March 2020

POLITICS

Massive border fence between South Africa and Zimbabwe

In response to the Covid-19 pandemic, government is to erect a 40km fence within a month to ensure that no undocumented or infected persons cross the border into South Africa from Zimbabwe and vice ve...

By SA News | Published: 19 March 2020

BUSINESS NEWS

Tax breaks for renewable energy investors as govt launches new policy

Government has dangled a carrot to potential investors in the renewable energy sector by giving tax breaks as well as awarding national project status for such ventures.This is contained in the new en...

By Staff reporter | Published: 19 March 2020

POLITICS

Chombo removed from remand

FORMER Local Government minister, Ignatius Chombo, was yesterday removed from remand in a case he is accused of illegally facilitating the sale of a government house in Mutare to ex-Zanu-PF legislator...

By Staff reporter | Published: 18 March 2020

POLITICS

Mudenda blasts Zanu-PF MPs

SPEAKER of the National Assembly Jacob Mudenda has slammed Zanu-PF MPs for disrupting Parliament's portfolio committee meetings chaired by MDC legislators saying the development contradicted President...

By Staff reporter | Published: 18 March 2020

BUSINESS NEWS

US$24m for fuel

The Reserve Bank of Zimbabwe (RBZ) has released US$23,89 million for the purchase of fuel to be sold in local currency for the week March 16 to 22. RBZ governor Dr John Mangudya made the announcement ...

By Staff reporter | Published: 18 March 2020

BUSINESS NEWS

COVID-19: Zimbabwe places restrictions on visitors from high risk countries

President Mnangagwa has said that travellers from ‘high risk countries' will be quarantined for 14 days before they can mingle with Zimbabweans as Zimbabwe upped efforts to stop the spread of COVID-...

By Staff reporter | Published: 18 March 2020

BUSINESS NEWS

All deposit classes now indexed to treasury bill yields, say Mthuli Ncube

Government has gazetted a statutory instrument which directs that all classes of deposits in the banking system, should be indexed to treasury bill yields as part of efforts to promote fair compensati...

By Staff reporter | Published: 13 March 2020

BUSINESS NEWS

Zimbabwe introduces Reuters system for forex trading

GOVERNMENT has introduced a Reuters system for foreign currency trading which allows banks to trade freely as a way of stabilising the exchange rate as well as bringing down inflation to sustainable l...

By Staff reporter | Published: 11 March 2020

BUSINESS NEWS

UK cranks heat on Mnangagwa

BRITAIN is turning up the heat on President Emmerson Mnangagwa and his government to urgently implement much-needed political and economic reforms, as well as end corruption and human rights abuses in...

By Staff reporter | Published: 07 November 2019

POLITICS

Gumbo was never arrested: Lawyer

PRESIDENTIAL Affairs minister Joram Gumbo was never arrested for criminal abuse of office, but he was just being interviewed on the goings on in parastatals which fell under his previous ministry and ...

By Staff reporter | Published: 07 November 2019

POLITICS

Govt fires 77 striking doctors

GOVERNMENT has fired 77 doctors who have been on strike for better conditions for over two months while disciplinary action against the other medical professionals on industrial action is still ongoin...

By Staff reporter | Published: 07 November 2019

POLITICS

MDC defends Vic Falls excursion

THE opposition MDC has defended its MPs who recently attended a government organised pre-budget seminar in Victoria Falls, where an estimated US$5 million was blown in less than a week.Amid a backlash...

By Staff reporter | Published: 07 November 2019

BUSINESS NEWS

Decriminalise gold possession: Miners

ZIMBABWE Miners Federation president Henrietta Rushwaya has called on government to re-align mining laws to decriminalise the possession of gold to increase production by artisanal miners.Speaking at ...

By Staff reporter | Published: 07 November 2019

BUSINESS NEWS

'US ban hurts Marange diamonds'

The Zimbabwe Consolidated Diamond Company (ZCDC) yesterday said the decision by the United States to issue a withhold release order (WRO) for artisanal rough cut diamonds from Marange was impacting ne...

By Staff reporter | Published: 07 November 2019

BUSINESS NEWS

Riot police block civil servants demo

CIVIL servants have threatened to completely down tools and escalate their fight for better wages after police yesterday blocked their march to hand over petitions to Finance and Labour ministers.The ...

By Staff reporter | Published: 07 November 2019

POLITICS

Khupe loses ConCourt case

THE Constitutional Court (ConCourt) yesterday deflated MDC-T leader Thokozani Khupe's bid to wrest the MDC presidency from Nelson Chamisa, after dismissing her challenge for being expelled from Parlia...

By Staff reporter | Published: 07 November 2019

POLITICS

Mnangagwa pledges to end machete wars

PRESIDENT Emmerson Mnangagwa yesterday pledged to descend heavily on perpetrators of machete violence, reiterating that deterrent sentences must be imposed on those found in possession of the weapons....

By Staff reporter | Published: 07 November 2019

BUSINESS NEWS

AMG boss proposes gold-backed Zimbabwe currency to RBZ

A leading South Africa precious metals dealer African Medallion Group (AMG) has proposed to the Reserve Bank of Zimbabwe (RBZ) the launch of a digital currency backed by physical gold, with an aim to ...

By Staff reporter | Published: 07 November 2019

POLITICS

Deputy chief spy now perm sec

PRESIDENT Emmerson Mnangagwa last night made key appointments in government which saw a deputy director-general of the Central Intelligence Organisation becoming Home Affairs and Cultural Heritage min...

By Staff reporter | Published: 07 November 2019

POLITICS

Mudenda keeps MDC legislators guessing

SPEAKER of the National Assembly Jacob Mudenda has kept MDC legislators guessing about whether or not they will be allowed to hold ministers to account in Parliament, saying they will only know their ...

By Staff reporter | Published: 07 November 2019

POLITICS

Civil servants warn Mnangagwa, govt

CIVIL servants have warned that they will sabotage President Emmerson Mnangagwa's government programmes if authorities continue to disregard their demands for better working conditions, the Daily News...

By Staff reporter | Published: 07 November 2019
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