Bank wins US$2m Supreme Court case
Following alleged difficulties in remitting payments due to foreign currency shortages, the company allegedly deposited funds into a non-resident escrow account at Nedbank.
By Ruvimbo Mukubwa and Takudzwanashe Mangongera
Jun. 10, 2025
State suppliers plot Treasury showdown at funeral parlour…desperation peaks as firms reel from unpaid government contracts
Their situation has become untenable under the combined weight of a brutal liquidity squeeze and a government launching grand projects beyond its fiscal capacity.
By Shame Makoshori
May. 30, 2025
Premium
Refineries under threat as RBZ gulps more forex... Zim’s mining industry suffers under shocking policy overlaps
The mining industry is now paralysed by policy contradictions.
By Shame Makoshori
May. 29, 2025
RBZ gold cover rises 12% since March
The gold is derived from the payment of royalties, wherein half of the royalties are paid using the mineral that has been traded.
By Ashton Ndakusiya
May. 26, 2025
Premium
RBZ blames liquidity crunch on hoarding of US dollars
The policies deliberately keep the circulation of the ZiG at way below market demand, a move the central bank implemented to try and preserve the domestic currency’s value.
By Blessed Ndlovu
May. 25, 2025
Industries rebel against prohibitive policy rate... as big lenders adopt a precautionary stance
At the core of the impasse is the refusal by commercial banks to lend within the RBZ’s prescribed rate.
By Freeman Makopa
May. 16, 2025
Vast rules out Zimbabwe legal action after diamonds verdict
The Supreme Court recently ruled in favour of Vast Resources and ordered the Reserve Bank of Zimbabwe (RBZ)to release the gems.
By Honour Mudavanhu and Tinashe Kairiza
May. 9, 2025
Could the black market become the only market in Zimbabwe?
Retail customers turned to informal markets where they could pay in the US dollars they still preferred, and at the more reasonable black market exchange rate.
By Global Press Journal
May. 8, 2025
Vast receives its blocked diamonds from RBZ
It was revealed that the board currently anticipates that the selling process will be conducted in a phased manner to maximise value for the company and its shareholders.
By Business Reporter
May. 8, 2025
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Tourism industry bleeds US$40m in 90 days. . . sector-wide carnage could top US$125 million, imperilling Zim’s GDP
Local News
Jun. 6, 2025
Investors flee Lake Kariba’s collapsing eastern shoreline
Local News
By Shame Makoshori and Freeman Makopa
Jun. 6, 2025
State contractors’ payment crisis spirals into job market bloodbath... operators offload 500 workers in three months, says trade union
Local News
Jun. 6, 2025
