‘US$1bn to back forex auction’

Golden Sibanda Local banks have nearly a billion dollars in foreign currency accounts (FCAs) while the country has healthy inflows to sustain the newly introduced forex auction system that replaced…

Re-engagement paying off . . . US$51m tractor facility launched

Political Editor IN yet another testimony of the success of President Mnangagwa’s re-engagement efforts, the country’s critical agricultural sector yesterday received a shot in the arm that will boost output…

More fuel delivered to service stations

Herald Reporters As deliveries to service stations improved yesterday, there was a growing rumble from motorists misinterpreting the Zera price table and jumping to the wrong conclusion that ethanol contributes…

New system needs supportive measures

Business Writer Authorities must put in place additional supportive measures to the newly introduced foreign currency auction trading system for the market to attract foreign currency currently transacting in the…

Zim gold smuggled to Dubai

Business Writer The country’s gold is being smuggled to Dubai via South Africa, and Government is putting in place measures to curb the vice so as to ensure increased formal…

Millers to withhold products from shops rejecting bond notes

Herald Reporter THE Grain Millers Association of Zimbabwe (GMAZ) yesterday threatened to stop supplying their products to wholesalers and shops refusing bond notes and coins, which are still legal tender.…

Robbery syndicate hit Bulawayo

Mashudu Netsianda, Senior Reporter Parking in Bulawayo’s city centre has turned into a nightmare for motorists who risk having their cars broken into or being robbed at gunpoint. A robbery…

COMMENT: Authorities must urgently establish source of Luveve diarrhoea outbreak

RELEVANT authorities need to act fast to establish the source of the diarrhoea outbreak in Bulawayo’s Luveve suburb that has led to the death of 12 people to avoid a…

Auction system efforts need to be sustained

The results of the first foreign currency auction on Tuesday should convince most that the Reserve Bank of Zimbabwe (RBZ) was running an honest market and not manipulating the outcome.…

Church leaders praise First Lady

Tendai Rupapa Senior Reporter Religious leaders have roundly praised First Lady Auxillia Mnangagwa for mobilising resources and distributing food to the poor countrywide, and her tireless efforts to ensure everyone…

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