BUSINESS NEWS

Zimbabwe govt starts pilot run for new accounting system

The government has started a pilot run of the new accounting system for its entities as it moves to professionalise the public sector, Business Times can report.Zimbabwe has adopted the International ...

By Staff reporter | Published: 18 October 2019

ZSE TODAY

Rising market activity sees 124 new accounts opened on the CSD in September

A total of 124 new accounts were opened on the Central Securities Depository in September, bringing the total number of accounts that have been opened to 26,845. This is against the historical peak of...

By Staff reporter | Published: 17 October 2019

FINANCIAL SERVICES

Hackers wipe clean $26,000 from Cabs account

A MAKOKOBA resident was on Monday defrauded of $26 612,97 by suspected cyber criminals after they allegedly hacked his bank account by sending text messages instructing him to punch a code which gave ...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Storm brews over nostro accounts

THE Reserve Bank of Zimbabwe (RBZ)'s decision to tighten regulations on withdrawals of foreign currency by Zimbabweans who earn their salaries in foreign currency faces litigation, while analysts war...

By Staff reporter | Published: 07 October 2019

BUSINESS NEWS

Tough rules for forex account holders

Zimbabweans employed by exporting companies and earn their salaries in foreign currency will now have their money converted into local currency or only withdraw the forex after getting approval from t...

By Staff reporter | Published: 06 October 2019

POLITICS

Perrence Shiri's ministry fails to account for $2 billion

OPPOSITION parties have expressed anger over the shambolic accounts at the Agriculture ministry which saw it using $2 billion budget with no supporting documents. This came out this week when the Tend...

By Staff reporter | Published: 11 July 2019

BUSINESS NEWS

Prophet Magaya church accounts garnished by Zimra

The Zimbabwe Revenue Authority (Zimra) has garnished Walter Magaya's Prophetic Healing and Deliverance (PHD) Ministries accounts for alleged tax arrears amounting to $22 million.According to a Zimra s...

By Staff reporter | Published: 07 February 2019

BUSINESS NEWS

Parliament orders accountant-general to publish 2016 financials

ACCOUNTANT-General Daniel Muchemwa has been ordered by Parliament to produce and publish government's consolidated financial statements for 2016 and 2017 before year-end.Muchemwa, who on Monday appear...

By Staff reporter | Published: 04 December 2018

POLITICS

MDC Khupe urges new govt to be more accountable

THE Thokozani Khupe-led MDC-T has challenged the new government to abide by the Constitution and to be accountable and responsive to speed up the country's economic transformation.MDC-T spokesperson L...

By Staff reporter | Published: 13 September 2018

FINANCIAL SERVICES

Low-cost bank accounts up 143%

Zimbabwe's low cost bank accounts have grown by 143 percent to 3,16 million in the first quarter of 2018, according to figures from the Reserve Bank of Zimbabwe (RBZ). The figure represents 57 percent...

By Staff reporter | Published: 25 July 2018

BUSINESS NEWS

2 500 open accounts with women's bank

More than 2 500 women have so far opened accounts with the Zimbabwe Women's Microfinance Bank (ZWMB), which was officially opened by President Mnangagwa last week. Briefing journalists on the progress...

By Staff reporter | Published: 07 July 2018

BUSINESS NEWS

Current account deficit to reach 1.8% in 2019

A Fitch Research Company, BMI, sees Zimbabwe's current account deficit of 0,8% of GDP in 2018 rising to 1,8% in 2019 from 0,8% in 2017 amid the international re-engagement efforts of the new administr...

By Staff reporter | Published: 06 July 2018

BUSINESS NEWS

Zim's current account deficit to widen: BMI

Zimbabwe's current account deficit will widen by 0,8% by year end on the back of an increased foreign currency supply leading to higher imports, a leading industry and financial market analysis firm B...

By Staff reporter | Published: 02 July 2018

BUSINESS NEWS

Zimra raids Gweru council accounts

The Zimbabwe Revenue Authority (Zimra) has reportedly pounced on Gweru City Council bank accounts in a bid to garnish hundreds of thousands of dollars in unpaid tax, sources revealed to the Southern E...

By Staff reporter | Published: 29 June 2018

FINANCIAL SERVICES

RBZ can't account for bond notes in circulation

Reserve Bank of Zimbabwe (RBZ) deputy governor, Dr Jesimeni Chipika has said the central bank can no longer account for the bond notes and coins that are in circulation due to massive hoarding of the...

By Staff reporter | Published: 04 June 2018

FINANCIAL SERVICES

New accounting rules set to shake up banking sector

NEW accounting rules introduced in January this year to force banks to estimate future credit losses are likely to have a significant impact on the country's financial institutions, accountants have n...

By Staff reporter | Published: 10 May 2018

FINANCIAL SERVICES

Accountants issue TBs warning

Chartered Accountants have warned of the need to put parameters guarding against Treasury Bills (TBs) losing their intrinsic value.TBs are used by government when borrowing from the domestic market to...

By Staff reporter | Published: 04 May 2018

BUSINESS NEWS

Mudenda urges Parly to hold executive to accountability

SPEAKER of Parliament, Jacob Mudenda, has urged the local legislature to take a cue from South Korea's parliament and be able to take on the executive on issues of accountability.Mudenda made the rema...

By Staff reporter | Published: 04 April 2018

BUSINESS NEWS

Diamond miners to account for missing $15bn

DIAMOND miners from various parts of the country have been summoned to appear before the Mines and Energy Parliamentary Portfolio Committee today, to account for the country's missing $15 billion diam...

By Staff reporter | Published: 05 March 2018

JOBS

Accounts Clerk: Women's Coalition of Zimbabwe (WCOZ)

Accounts Clerk: Women's Coalition of Zimbabwe (WCOZ)Deadline: 4 February 2018Based in HarareDate of Commencement: March 2018Reporting to: Finance and Admin ManagerWomen's Coalition of Zimbabwe, (WCOZ)...

By WCOZ | Published: 02 February 2018

BUSINESS NEWS

Govt courts chartered accountants

GOVERNMENT has gone an inch closer to professionalising State entities, as it is courting chartered accountants (CAs) for possible placement on the boards of parastatals, NewsDay reported.The move was...

By Staff reporter | Published: 30 January 2018

POLITICS

Mnangagwa opens official Facebook account

President Emmerson Mnangagwa yesterday joined other netizens when he opened his official Facebook account and invited followers to message their thoughts as a part of "a new national dialogue".Last mo...

By Staff reporter | Published: 14 January 2018

FINANCIAL SERVICES

'Banks have right to refuse opening accounts'

FINANCE deputy minister Terrence Mukupe has said banks have the right to refuse opening accounts for new clients as they are private enterprises.Responding to MDC-T legislator Bacilli Majaya in the Na...

By Staff reporter | Published: 12 January 2018

POLITICS

Mnangagwa to step up accountability efforts

PRESIDENT Emmerson Mnangagwa is today expected to meet top officials from International Federation of Accountants (IFAC), following initiatives by the international accounting body to foster a cultur...

By Staff reporter | Published: 08 January 2018

POLITICS

Jonathan Moyo, Kasukuwere accounts frozen

Government has frozen bank accounts of former Higher and Tertiary Education, Science and Technology Development Minister Professor Jonathan Moyo and former Local Government, Public Works and National ...

By Staff reporter | Published: 08 December 2017
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