Articles tagged 'foreign currency'

Mnangagwa's anti-graft blitz loses steam 30 May 2018 HARARE - The anti-corruption crusade rolled out by President Emmerson Mnangagwa when he assumed the top office late last year is losing steam as the mighty and powerful are finding ways of escaping the long arm of the law, the Daily News can report. In his first few months in office, Mnangagwa...
Business tackles govt over forex list 27 March 2018 HARARE - Several companies that were last week named as having externalised foreign currency have approached government challenging the list which has strained the relationship between authorities and business. On Monday last week, President Emmerson Mnangagwa released the long-awaited list of...
Big talk hurts an expectant nation 21 March 2018 HARARE - The hullabaloo over the $1,3 billion alleged to have been funnelled outside the country's borders by greedy individuals and corporates turned into an anti-climax on Monday. The list of alleged culprits circulated by the Office of the President and Cabinet has raised more questions tha...
Mnangagwa's forex looters list a big joke 20 March 2018 HARARE - President Emmerson Mnangagwa's government yesterday released the long-awaited list of companies and individuals alleged to have failed to return $827 million stashed abroad following the expiry of a 14-week-long amnesty, the Daily News can report. The list, which reads like a housewi...
Mnangagwa's list of looters deflating 20 March 2018 HARARE - President Emmerson Mnangagwa, since assuming office on November 24 last year, has really tried hard to stamp his mark on the country’s politics. He has been consistent in preaching about economic reform, peace and re-opening Zimbabwe’s business to the outside world. It must be said...
ED to name, shame looters today 19 March 2018 HARARE - President Emmerson Mnangagwa is today bracing to name and shame individuals and companies that have refused to surrender public funds illegally stashed abroad after a deadline he set expired without their full cooperation. The new president — who came to power through a soft coup that...
Chiwenga tasked to deal with price hikes 11 January 2018 HARARE - The ruling Zanu PF party has set up an ad-hoc committee led by Vice President General Constantino Chiwenga (retired) to deal with the thorny issue of skyrocketing prices. The party's spokesperson Simon Khaya Moyo said the committee, whose other members were not revealed to the media, ...
ED calls for crisis meeting over prices 29 December 2017 HARARE - President Emmerson Mnangagwa has called for a crisis meeting with business leaders to try and find a solution to high prices placed on basic commodities which have triggered an outcry from long-suffering consumers. Mnangagwa, who is largely viewed as pro-business in his approach has, ...
Hard-pressed Zim industry cuts working hours 26 October 2017 HARARE - Zimbabwe's manufacturers have been squeezed harder by the deteriorating economy, with the sector retrenching and cutting working hours on the back of decreased capacity utilisation, the latest Confederation of Zimbabwe Industries (CZI)'s survey has revealed. This comes as the struggli...
Cops 'demand' bribe from forex dealers 16 October 2017 HARARE - Five police officers were dragged to court last week after they allegedly solicited for bribes from illegal foreign currency dealers in order to spare them arrest. This comes as authorities have launched a massive blitz on illegal foreign currency traders. The five — 34-year-old Vi...
Zim faces fuel shortage 9 September 2017 HARARE - There are growing fears that the country could slip back to the 2008 hyperinflationary era dominated by fuel and food shortages following the re-emergence of long queues at most garages this week as a result of biting foreign currency shortages. This "coincided" with the rise in price...
ZCTU off the hook 7 February 2014 HARARE - The Constitutional Court has permanently stayed the prosecution of Zimbabwe Congress of Trade Union (ZCTU)  on 72 counts of externalising foreign currency, dating back to 2006. The union approached the Constitutional Court, seeking the quashing of the criminal charges, arguing that it...
Educate public on foreign currency features 13 November 2013 EDITOR — This is an appeal to the Reserve Bank of Zimbabwe and any other knowledgable financial institution to kindly advise us as the public, and educate us on how to differentiate between a fake US dollar note and a genuine note. As you are aware, if one is found in possession of a fake note...
Osiphatheleni - A pesky necessity 15 September 2013 BULAWAYO - Walking along the streets of Bulawayo, the sight of women prowling or sometimes seated on the pavements selling foreign currency is an age old phenomenon. From a distance, one may mistake them for street beggars, perhaps due to the way they solicit for their “help”. But to a loca...