Business

Business / Local Mangudya cracks whip…suspends more bureaux de change by John Panonetsa Mangudya <!– –> Further to its Press Statement of 9 April 2020, advising of the suspension of operating licences of Cash  Twenty Four (Pvt) Limited (Cash Twenty Four) and Crediconnect (Pvt) Limited (Crediconnect) for suspected involvement in …

Business / International Saudi Arabia Kicks off Price War with Russia by Staff writer Timing is everything and surprisingly, Saudi Arabia initiated an oil price war with Russia at a time when the world is dealing with the coronavirus outbreak. As demand started to fall off a cliff, the Kingdom …

Business / Local RBZ denies raiding foreign currency accounts by Mandla Ndlovu <!– –> The Reserve Bank of Zimbabwe of Zimbabwe has assured Zimbabweans that their nostro accounts have not been raided. The Central Bank was responding to social media reports that some Non-Government Organisation were failing to access their …

Business / Companies Econet advocates for a 20% price reduction by Staff reporter <!– –> Zimbabwe’s largest mobile phone operator, Econet Wireless, has requested suppliers to reduce prices by 20 percent in the wake of Covid-19 pandemic. Econet, which cannot easily pass rising costs of goods and services that it …

Business / Local List of EcoCash and OneMoney accounts frozen by RBZ by Staff Reporter <!– –> TO ALL BANKS Directive to Freeze Bank Accounts of Attached List of Ecocash and OneMoney  Customers (Agents) Suspected of Involvement in Illicit Foreign Currency Transactions and / or Money Laundering Please find attached …

Business / Local RBZ offers reward over a man seen desplaying Zim dollars by Mandla Ndlovu 08 May 2020 at 14:29hrs | Views The Reserve Bank of Zimbabwe has offered reward to anyone who can offer information to arrest of a man who was seen on social media displaying bales …