Silo Foods Industries is now buying maize and small grain from farmers at RTGS$4 000 per tonne, representing a 90.47% increase from RTGS$2 100 being offered by its parent Grain Marketing Board (GMB).&...
Zimbabwe's interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a hedge against inflation, which is running at its highest in a ...
CHENGETEDZAI Securities Depository (CSD) market value has risen to RTGS$11 billion as at end of May 2019 after processing in excess of 82 120 securities deposits since going live in August 2014. Aroun...
The company delivered a strong performance in 2018 achieving revenues of $34.3 million which was 27% above the prior year despite an increasingly challenging economic climate. This performance w...
INFORMATION ministry deputy minister, Energy Mutodi's struggling company National Housing Development Trust (NHDT), risks having its bank accounts garnished after failing to settle a RTGS$40 000 debt ...
ZIMBABWE'S local currency, the Real Time Gross Settlement (RTGS) dollar, has plunged by 140% to trade at US$1:ZWL$6 on the official interbank market, nearly four months after its introduction in Febru...
Hotelier, Rainbow Tourism Group (RTG) is working on securing management contracts for hotels in the region as part of measures to augment the company's capacity to generate foreign currency.RTG chief ...
RAINBOW Tourism Group (RTG) says the refurbishment of its Bulawayo Rainbow Hotel will be completed by March 31, in time for the Zimbabwe International Trade Fair. RTG corporate communications an...
Business has welcomed the Reserve Bank of Zimbabwe (RBZ)'s move to allow payments through the real time gross settlement (RTGS) system for foreign currency account (FCA) holders.The Ministry of Financ...
The High Court has ordered EgyptAir Holdings to settle a debt of over $20 000 owed to Rainbow Tourism Group Limited for its hotel and hospitality services rendered to the airline's guests.This comes a...
GetBucks Microfinance Bank CE Terrence Mudangwe says the financial institution is treading cautiously in the issuance of mortgage loans, given the nature of its assets on the market, but is leveraging...
A HARARE businessman, one of the shareholders of Augur Investments that won a tender to construct Airport Road, appeared in court yesterday facing fraud allegations after he mortgaged City of Harare l...
METBANK says it will focus its lending business on mortgage financing and commercial banking products that promote financial inclusion under a strategic plan that will determine the direction of the i...
HOTELING concern Rainbow Tourism Group has completed its US$1 million refurbishment of the 88-room Victoria Falls Rainbow Hotel as it seeks to increase its market share.This follows the refurbishment ...
THE Rainbow Tourism Group (RTG) has refuted claims on social media that a fire that broke out at the Rainbow Towers Hotel in Harare on Wednesday engulfed a huge portion of the hotel as it only covered...
LISTED Rainbow Tourism Group (RTG) has completed refurbishment of the Victoria Falls Rainbow Hotel in line with global standards and growing demand for quality accommodation.Upgrading of the 88-room f...
THE Reserve Bank of Zimbabwe says the ballooning Real Time Gross Settlement (RTGS) account balances are an indicator of lack of lending by mainstream banks to the productive sectors. Treasury has admi...
RAINBOW Tourism Group Limited has posted a 16 percent growth in revenue to $11,1 million from $9,6 million in the first five months of 2018, spurred by notable recovery in operations following a succe...
Minority shareholders in Rainbow Tourism Group (RTG) refused to approve directors' fees amounting to US$95 000 and their reappointment to the board at an annual shareholders meeting this week, but los...
THE Rainbow Tourism Group (RTG) is banking on next month's general elections to boost its revenues further after posting a 16% increase in revenue to $11,1 million in the first five months of the year...
Rainbow Tourism Group (RTG) revenue for the first five months this year has gone up 16 percent to $11,1 million from $9,6 million during the same period last year due to improved occupancy acros...
Local hospitality concern, Rainbow Tourism Group Limited (RTG), has taken Zimpraise Trust, a company that owns gospel music group, Zimpraise, to the High Court demanding settlement of a $12 000 hotel ...
A NUMBER of financial institutions in Zimbabwe have discontinued manual real-time gross settlement (RTGS) payments, as they go paperless, banking on increasing their efficiencies.Some of these banks i...
PEGGING the greenback to Real Time Gross Settlement (RTGS) balances and bond notes on a one-to-one basis does not reflect the true value of the US dollar, the Confederation of Zimbabwe Industries (CZI...
Transactions processed through the RTGS system increased by 25.8 percent to close the week ending April 27 at $1.6 million from 1.3 million the previous week, according to the RBZ latest Weekly Econom...