adminFraud-accused pair freed on bail
The two suspected fraudsters who allegedly masqueraded as military intelligence officers before attempting to extort US$40 000 from Prophetic Healing and Deliverance Ministries founder Prophet Walter Magaya were yesterday released on $300 bail each coupled with some stringent conditions.
Masked men vanish with gold dealer’s $37 000
A Kwekwe gold dealer lost $37 000 cash after 10 masked men broke into his house and assaulted his wife.
Zupco must stop leakages
Government’s decision to reintroduce Zimbabwe United Passenger Company (Zupco) buses in its commitment to build a safe and reliable transport system in the country, is noble.
2020 budget consultations begin today
Pre-budget consultations for the 2020 National Budget have begun with several of Parliament’s portfolio committees expected to hold meetings with various Government ministries and departments starting today.
President congratulates MDC-Alliance
President Mnangagwa yesterday passed good wishes to MDC-ALLIANCE on its 20th anniversary, adding that disagreements between his party and the opposition outfit bore testimony to the existence of democracy in Zimbabwe.
Zera comes down hard on ‘cash only’ fuel stations
The Zimbabwe Energy Regulatory Authority (Zera) yesterday shut down a Maps Fuel service station on allegations of conducting business outside its licence conditions.
Interbank market trades top US$800m
THE interbank foreign currency market has traded US$799 million since its introduction in February this year to address challenges previously faced by companies when sourcing forex to acquire raw materials and spares.
Unpacking the 2019 Mid-Term Monetary Policy Statement
The Mid-Term Monetary Policy Statement (MPS) came a time when the country recently introduced its sovereign currency, the Zimbabwe dollar, which effectively reactivated the monetary policy leg of the economic management tool box. Importantly, the policy statement was timely as it came at a time when the monetary situation was rapidly deteriorating due to the lagged effects of monetisation of deficits, which pushed us out of dolarisation.
Great week for rand
The rand has been buoyed by a number of global factors as the past two weeks have seen markets turn from skittish and risk-averse to an emerging market dream, says Bianca Botes, treasury partner at Peregrine Treasury Solutions.