Business

Zimbabwe’s new auction opens with $57.36 exchange rate

Ndakaziva Majaka The official Zimbabwe Dollar: US Dollar exchange rate is now $57.36 following operationalisation of the Southern African country’s Foreign Exchange Auction System on Tuesday. The ...

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 ...

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 ...

Zimbabwe to ditch forex interbank system

Ndakaziva Majaka  ZIMBABWE is planning to adopt a market-based foreign currency trading system after its fixed exchange rate system saw the domestic unit – whose official rate is 25 to 1 against the ...

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 ...

Government revenues to nosedive

MARKET watchers have warned that treasury’s move to curtail mobile money and ZIPIT transactional limits and flexibility could result in a knock in government revenues, specifically the two percent ...