BUSINESS NEWS

Chasi blames Ncube, Mangudya over Eskom gaffe

ENERGY minister Fortune Chasi has publicly apologised for the embarrassment he caused after the government misinformed the public that the State had paid a US$10 million to settle a debt with a South ...

By Staff reporter | Published: 01 July 2019

BUSINESS NEWS

Dr Mangudya's reappointment welcome

The reappointment of Dr John Mangudya by President Emmerson Mnangagwa for a second five-year term as Governor of the Reserve Bank of Zimbabwe, and thus the custodian of the national monetary policy, w...

By Staff reporter | Published: 05 May 2019

BUSINESS NEWS

Mystery over Mangudya's new contract'

The fate of Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's stay in office remains a mystery after his first term lapsed on Tuesday amid indications that government is yet to extend his contra...

By Staff reporter | Published: 02 May 2019

BUSINESS NEWS

Mangudya calls for capital projects investment

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has said Zimbabwe is spending more resources on consumption instead of capital projects.Speaking at the launch of the Homelink's housing project i...

By Staff reporter | Published: 15 June 2018

BUSINESS NEWS

RBZ boss quizzed on fuel shortages

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says fuel shortages are caused by structural challenges such as heavy reliance on imports, debt overhang, fuel price hikes and low production.T...

By Staff reporter | Published: 28 May 2018

BUSINESS NEWS

Downward review of bank charges loom

The central bank will in the next few days meet bankers over a possible downward review of bank charges to boost savings and deposits within the economy at a time when hard cash constraints are negati...

By Staff reporter | Published: 05 May 2018

BUSINESS NEWS

WATCH: Mangudya discusses Zim's strategy to revive its economy

Reserve Bank of Zimbabwe Governor John Mangudya discusses Zimbabwe's strategy to revive its economy. He speaks with Bloomberg's David Westin and Alix Steel on "Bloomberg Daybreak: Americas."https://w...

By bloomberg | Published: 17 April 2018

BUSINESS NEWS

Mangudya hails bond notes

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports.Dr Mangudya said this when he app...

By Staff reporter | Published: 14 March 2018

BUSINESS NEWS

Bond notes have been successful, Mangudya

Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya says bond notes have been successful since they have helped companies to increase both production and exports.Dr Mangudya said this when he app...

By Staff reporter | Published: 13 March 2018

BUSINESS NEWS

Mnangagwa to meet RBZ Governor

President Emmerson Mnangagwa has said he will today meet the Reserve Bank Governor Dr John Mangudya to look at the progress of the moratorium he gave Zimbabweans who externalised cash to repatriate th...

By Staff reporter | Published: 01 March 2018

BUSINESS NEWS

Business to meet Kagonye, Mangudya

CAPTAINS of industry will meet Labour minister Petronella Kagonye as well as Reserve Bank Governor John Mangudya next month which will help them to strategise going forward, businessdigest has learnt....

By Staff reporter | Published: 16 February 2018

FINANCIAL SERVICES

Mangudya set to deliver Monetary Policy Statement

The Reserve Bank of Zimbabwe Governor Dr John Mangudya, is set to deliver the 2018 Monetary Policy Statement (MPS) early February when he returns from Davos, Switzerland where is attending the 48th Wo...

By Staff reporter | Published: 26 January 2018

BUSINESS NEWS

$5m spent on chewing gum, toilet paper

Zimbabwe imported non-essentials worth a whopping US$10 million in 2017, with toilet paper, chewing gum, dog and cat food topping the list.The overall January to November import bill was US$4,9 billio...

By Staff reporter | Published: 14 January 2018

BUSINESS NEWS

Mangudya to present 2018 Monetary Policy Statement

The Reserve Bank of Zimbabwe Governor Dr John Mangudya is in the coming few weeks expected to present the eagerly anticipated 2018 Monetary Policy Statement amid a persistent cash crisis coupled with ...

By Staff reporter | Published: 11 January 2018

BUSINESS NEWS

RBZ dismisses $5bn facility rumours

The Reserve Bank of Zimbabwe Governor Dr John Mangudya has dispelled social media reports that the central bank is putting in place a $5 billion facility for Zimbabwe. In a written response to inquiri...

By Staff reporter | Published: 11 January 2018

BUSINESS NEWS

Miners meet Mangudya over forex crisis

THE Reserve Bank of Zimbabwe (RBZ) recently held a meeting with miners to resolve a deteriorating foreign payments situation for miners, whose foreign payments backlog had been significantly reduced d...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Zim oil expressers urged to grow soya beans

RESERVE Bank of Zimbabwe (RBZ) governor, John Mangudya, has urged local oil expressers to ensure a steady production of soya beans locally as the country was losing millions to the importation of soya...

By Staff reporter | Published: 05 October 2017

BUSINESS NEWS

'Zim's nostro facility to run for 8 months'

RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday said the US$600 million nostro stabilisation facility from the African Export Import Bank (Afreximbank) will help alleviate foreign curr...

By Staff reporter | Published: 05 October 2017

BUSINESS NEWS

'Mangudya blames government spending'

THE Zimbabwe Congress of Trade Unions (ZCTU)'s general secretary, Japhet Moyo, has revealed that at least $1,4 billion in the banking sector cannot be translated into physical cash because it was crea...

By Staff reporter | Published: 28 September 2017

BUSINESS NEWS

Mangudya washes hands on economic collapse

RESERVE Bank of Zimbabwe governor, John Mangudya yesterday seemed to lay the blame for the impending economic collapse on the government, saying he had done everything he had promised to do."We have d...

By Staff reporter | Published: 25 September 2017

BUSINESS NEWS

'Mangudya should resign over failed bond notes'

OPPOSITION parties and civic society groups have called on Reserve Bank of Zimbabwe (RBZ) governor John Mangudya to honour his promise and step down over bond notes' failure to abate the country's liq...

By Staff reporter | Published: 08 September 2017

OPINION

Dr Mangudya to blame for Zim cash crisis!

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya recently made d three disheartening statements concerning the current liquidity crisis.He said civil servants should not bother commercial banks...

By Blessing Machiva | Published: 28 August 2017

BUSINESS NEWS

Zimbabweans big spenders, says Mangudya

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says the country has big spenders of foreign currency who lack the entrepreneurship to generate export receipts.Mangudya told guests at a fundrai...

By Staff reporter | Published: 28 August 2017

BUSINESS NEWS

Indiscipline rampant in the Zim economy

The Reserve Bank of Zimbabwe (RBZ) has announced a number of measures to curtail the economic problems crippling the country. One of the headaches is to contain the foreign currency shortages and the ...

By Staff reporter | Published: 11 August 2017

ZIMBABWE

Mangudya leaves interest rates unchanged

Zimbabwe's central bank chief John Mangudya left interest rates unchanged, saying lowering the rates could be a moral hazard in the troubled country, despite his push to stimulate production and gener...

By Staff reporter | Published: 04 August 2017
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