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...
Bureaux de Change are not allowed to transact with corporates or enter into twining arrangements with customers to prefund foreign currency purchases, according to a directive from the Reserve Bank of...
The Reserve Bank of Zimbabwe (RBZ) released its monthly economic review for June detailing monetary statistics for the 2019 half year. The report comes in the build up to Governor Dr. John Mangudya's ...
Zimbabwe won't hesitate to raise interest rates above their current level of 50 percent to deal with speculative borrowers, Finance Minister Mthuli Ncube said on Monday.As inflation soared, the govern...
THE interbank market exchange rates have registered increases with most banks are now paying more than the parallel market rate.NewZimbabwe.com says it's market assessment shows that the once thriving...
The Zimbabwe Stock Exchange shed 0.6% as big caps stalled under thin trading following yesterday’s significant monetary policy developments. The imposition of the 90-day vesting period for dual...
INDUSTRY and Commerce Minister Mangaliso Ndlovu has blamed the private sector for frustrating the success of the interbank foreign currency market by shifting goal posts and blaming Government for the...
BULAWAYO residents have reacted angrily to threats by the Bulawayo City Council (BCC) to forge ahead with rates and tariff increases due to runaway inflation despite resistance from ratepayers.The BCC...
POOR government policies have led to the escalation of the country's economic crisis with an estimated 13 000 people in the western region losing their jobs in the past 12 months, a labour official ha...
FARMERS are saying the interest rates being charged by banks are stifling the growth of the agricultural sector.Zimbabwe Commercial Farmers' Union (ZCFU) president Mr Wonder Chabikwa said the interest...
WAR Veterans deputy minister Victor Matemadanda has berated some former fighters who challenged his liberation war credentials, saying he cannot be vetted in the streets.Matemadanda was reacting to cl...
ZANU-PF last week threw a lavish party to welcome back its official after he was released from jail, having spent 14 years behind bars for killing an MDC activist in the run-up to the 2002 general ele...
Local research firm IH Securities sees parallel market rates falling in the medium term, as government implements fiscal discipline and moderating consumer demand.Since the presentation of the 2019 Na...
FORMER Zanu-PF legislator Psychology Maziwisa, who is facing charges of swindling the Zimbabwe Power Company (ZPC) of $12 650 in a botched public relations deal told the court that he had never sought...
ZIMBABWE Power Company (ZPC) finance director Hubert Chiwara yesterday told the court that the $5 million payment to controversial businessman Wicknell Chivayo's Intratrek was made without former Ener...
THE Judicial Service Commission (JSC) is training magistrates on dealing with cases to do with corruption which is now viewed as one of the biggest threats to the resuscitation of the fledgging econom...
ZIMBABWE's persistent trade deficit has been magnified by unstated foreign trade activity, the country's national statistical agency has said.In recent years, the southern African country has run syst...
PARALLEL market rates have finally hit 100% when using EcoCash or bank transfers to buy the greenback, the first time they have reached such a rate since dollarisation and the main question now is how...
CHIEF Justice Luke Malaba yesterday commended the government for lifting the lid on public service recruitment, saying the move had enabled the Judicial Service Commission (JSC) to hire an additional ...
MDC Alliance leader Nelson Chamisa seems to be making inroads in what used to be Zanu-PF strongholds where thousands of people are teeming to attend his rallies.Rural areas have for long been consider...
THE Bulawayo City Council has rapped Vice-President Constantino Chiwenga for urging residents to boycott paying rates at a time government departments and parastatals were owing a combined $7 million ...
VICE-PRESIDENT Constantino Chiwenga's weekend call for Harare residents to stop paying rates to force the MDC-T-dominated local authority to improve service delivery cannot go unchallenged as it sets ...
ACTING President Constantino Chiwenga yesterday dangled a carrot to Zanu-PF supporters in Harare by urging them to stop paying council rates if they were aggrieved by services provided by the local au...
FORMER Cabinet minister and Zanu-PF commissar, Saviour Kasukuwere yesterday told a Harare magistrate that he escaped death by a whisker last November when the military pumped over 113 rounds of live a...
Former Zanu PF national political commissar Saviour Kasukuwere said that he skipped the country's border and sought refugee in Mozambique after learning that the junta wanted to execute him during the...