BUSINESS NEWS

RBZ defends exchange rate system

Reserve Bank of Zimbabwe (RBZ) Deputy Governor Dr Innocent Matshe has dismissed claims that the central bank is manipulating the foreign exchange market, insisting that the willing-buyer willing-sell...

By Staff reporter | Published: 08 September 2025

ZIMBABWE

Logistics firm in exchange control violation

Mapho Tradelink Procurement and Logistics Private Limited, a leading procurement and logistics company, has been taken to court for allegedly breaching the Exchange Control Act by making payments exce...

By Staff reporter | Published: 08 August 2025

ZSE TODAY

Khayah delists from Zimbabwe Stock Exchange

The Zimbabwe Stock Exchange (ZSE) has officially announced the voluntary termination of listing for Khayah Cement Limited, effective May 22, 2025, following the company's decision to enter corporate r...

By Staff reporter | Published: 02 June 2025

BUSINESS NEWS

RBZ's market-determined exchange rate spurs ZiG stability

The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...

By Staff reporter | Published: 04 May 2025

BUSINESS NEWS

Former Zimbabwe Stock Exchange boss dies

Former Zimbabwe Stock Exchange (ZSE) chairman and revered stockbroker Ndodana Mguquka has died. He was 51.Mguquka passed away in the early hours of the morning at Samuel Leon Medical Centre in Harare,...

By Staff reporter | Published: 02 May 2025

BUSINESS NEWS

Zimbabwe lifts exchange rate controls

Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...

By Staff reporter | Published: 17 April 2025

BUSINESS NEWS

Mthuli Ncube to pull a few tricks to stabilise the exchange rate

The government will pull a few tricks up its sleeves soon to stabilise the exchange rate as part of a broader task of creating a viable environment for business, Business Times reported.A team of Pres...

By Staff reporter | Published: 18 October 2019

BUSINESS NEWS

Simbisa suffers exchange rate loss

LISTED fast food retail giant, Simbisa Brands Limited suffered a net foreign exchange loss of $2,7 million during the year ended June 2019, arising from revaluation of foreign denominated assets and l...

By Staff reporter | Published: 10 October 2019

BUSINESS NEWS

Mthuli Ncube speaks on approximate exchange rate

THE appropriate exchange rate between the Zimbabwe dollar and the United States dollar should hover around US$1: ZWL$5,6 based on "founded quantitative estimates", Finance and Economic Development Min...

By Staff reporter | Published: 24 September 2019

ZIMBABWE

Exchange rate policy consistency remains elusive for Zimbabwe

The issue of the exchange rate has progressively become the focal point of local economic discourse as uncertainty continues to grip the country's future. Following the accelerated depreciation in the...

By Staff reporter | Published: 23 September 2019

OPINION

Exchange rate upward pressure on

Exchange rate upward pressure onTHERE were signs this week that the grey market was slowly returning from its brief sabbatical following the monetary policy dawn raid of June 24 that called out the mu...

By Brett Chulu | Published: 12 July 2019

OPINION

Exchange control is the central problem facing Zimbabwe at present

BY introducing exchange control via the Reserve Bank, the State has done the following:     Created a system to ‘sweep’ some US$3 billion in direct foreign earnings into the no...

By Eddie Cross | Published: 19 December 2018

BUSINESS NEWS

GetBucks shares exchange hands

THE Zimbabwe Stock Exchange (ZSE) recorded a block trade in microfinance institution GetBucks shares during Monday's trading session, with about $266,4 million shares exchanging hands.Traded at $0,033...

By Staff reporter | Published: 23 July 2018

BUSINESS NEWS

Cash dealers slash exchange rate

CASH dealers are selling bond notes at a premium rate of 22% to buyers using EcoCash in the high-density Harare suburb of Mbare, which is the lowest rate on offer thus far.In a snap survey conducted b...

By Staff reporter | Published: 23 July 2018

OPINION

Zim needs alternative securities exchange

The Zimbabwe Emerging Enterprise Market (ZEEM) listing requirements and rules, which once approved, will allow small and medium enterprises (SMEs) to list on a secondary bourse, have been with the Att...

By Panashe Sachikonye | Published: 07 June 2018

ZIMBABWE

Zim to compel mining firms to list on local exchange

Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world's biggest platinu...

By Bloomberg | Published: 05 April 2018

FINANCIAL SERVICES

Zim cryptocurrency exchange makes waves

Zimbabwe's only cryptocurrency exchange, Golix, has reached a massive milestone after it cleared over 2 000 customer support tickets in less than weeks. The company, which is known for allowing Zimbab...

By Staff reporter | Published: 14 February 2018

ZIMBABWE

Industry calls for commodity exchange

Zimbabwe's business community has advised the government to resuscitate the country's commodity exchange in a bid to boost agricultural production.The country previously had a thriving commodity excha...

By Staff reporter | Published: 24 January 2018

OPINION

Exchange control a Zimbabwean cancer

In all the years that I worked as an economist in what was then Southern Rhodesia and subsequently in the Republic of Zimbabwe, I argued in any circles that would hear me, that exchange control was a ...

By Eddie Cross | Published: 08 September 2017

BUSINESS NEWS

Productivity key to foreign exchange earnings

Lack of production by local firms is hindering the ability of the country to increase foreign exchange inflows to sustain productive sectors.The government has adopted a number of policies aimed at re...

By Staff reporter | Published: 13 July 2017

ZIMBABWE

Stock exchange to set up SMEs fund

The Zimbabwe Stock Exchange is mulling establishing a revolving facility that will be used by small to medium enterprises wishing to undertake a primary listing on the impending SMEs bourse.Chief exec...

By Golden Sibanda and Tinashe Makichi I The Herald | Published: 29 July 2014

FINANCIAL SERVICES

Stanbic is the Best Foreign Exchange Provider in Africa

Stanbic Bank's parent company, Standard Bank group, Africa's largest lender by assets, has been named the winner of Best Foreign Exchange Provider in Africa 2014 for a second successive year. Standar...

By Staff reporter | Published: 12 February 2014

ZIMBABWE

Legal instrument stalls commodities exchange

The Agriculture ministry says government is finalising a legal instrument to facilitate the launch of the long-awaited commodities exchange.Clemence Bwenje, economics and markets director in the Agric...

By Staff reporter | Published: 13 December 2013

OPINION

Fallen heroes of the Zimbabwe Stock Exchange

Economic cycles have become shorter and more volatile. One only has to look at the devastating effects of the global financial crisis of 2008, whose effects five years down the road are still being f...

By Tony Fisher | Published: 22 November 2013

MINING & RETAIL

New Dawn to delist from Toronto Stock Exchange

Zimbabwe focused New Dawn Mining is set to delist from the Toronto Stock Exchange next month and register its operations in the tax haven of Cayman Islands.In a statement, the company said it had appl...

By Business Reporter | Published: 25 October 2013
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