Zim Road Toll Fees Up 400 Percent

ZTN Correspondent Zimbabwe has increased road toll fees by 450 percent, with light vehicles now attracting ZW$45 from ZW$10. Mini-bus fees are ZW$70 from ZW$15; and ZW$90 will be charged for buses while heavy vehicle drivers will pay ZW$115 from ZW$25. Haulage truck fees are ZW$225 up from ZW$50. These fees are in Statutory Instrument […]

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Zim exchange rate shoots to ZW$63,74:USD

Ndakaziva Majaka  WITH Zimbabwe still in price discovery, the country’s Foreign Currency Auction System closed bids on Tuesday with a weighted average of ZW$63,74:US$1 from last week’s rate of ZW$57,35 to US$1. This means Zimbabwe’s official exchange rate is now ZW$63,74: US$1.The Reserve Bank of Zimbabwe said $18,95 million bids had been receivedand $16,32 million […]

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Zimbabwe shuts Stock Exchange, Ecocash, One Money

ZTN Correspondent The Zimbabwe Government has suspended the stock exchange and mobile phone-based transactions “to deal with malpractices, criminality andeconomic sabotage”. In a statement on Friday, Secretary for Information Nick Mangwana said “impeccable intelligence” shows that mobile phone-based money service providers were colluding “in illicit activities that are sabotaging the economy”. He said the Zimbabwe […]

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Zim Fuel price up 150 percent

Ndakaziva Majaka FUEL prices in Zimbabwe have surged by about 150 percent, effective June 24 following an earlier review of the country’s exchange rate. According to a schedule released by the Zimbabwe Energy Regulatory Authority (ZERA), petrol will now retail at ZW$71.62 up from an average of ZWL$28. In USD terms, a litre of petrol […]

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Zim to employ dual pricing system

ZTN Reporters THE Reserve Bank of Zimbabwe has announced that the Foreign Exchange Auction Trading System will be operational with effect from 23 June. The development will see a dual pricing system becoming operational with businesses now required to display prices of goods and services in both local and foreign currency at the ruling market […]

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Energy Minister turns up heat on Zesa

Ndakaziva Majaka Zimbabwe’s Energy Minister Advocate Fortune Chasi has threatened to pull the plug on the firm running the country’s electricity payment platform. This follows transaction difficulties that domestic pre-paid power users are facing.  The platform, contracted by the Zimbabwe Electricity Distribution Company, often stalls, resulting in customers failing to reload power. Advocate Chasi told […]

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Civil servants want USD salaries

Takudzwa Chihambakwe Civil servants are increasingly getting restless with their representative body, the Apex Council, calling on Government to consider paying salaries in United States Dollars. For some time now the civil servants have been pushing for their salaries to be pegged against the inter-bank rate. However, on Friday Apex Council secretary David Dzatsunga told […]

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