Bond notes will start circulating around August 2016 – and not June as previously projected – as their production takes at least four months, central bank Governor Dr John Mangudya has said.

Government has also ruled out reintroducing the Zimbabwe dollar “anytime soon”, saying the multi-currency system will remain operational even when bond notes come aboard.

The IMF, an official said, supported introduction of bond notes and was satisfied that Zimbabwe’s

A key Mnangagwa ally has escaped death when his car was involved in an accident yesterday.

Businessman, Jimaya Muduvuri's car crashed while on his way to Masvingo to address factionalism in the province. He said the accident happened near Mvuma and caused extensive damage to his vehicle.

“I don’t understand what happened. I just saw myself at a bridge after we tried to evade a head-on collision with a truck,” Muduvuri said. “I told the meeting in Masvingo that

PROPHETIC Healing and Deliverance Ministries leader Prophet Walter Magaya says the bond notes that are set to be introduced are a noble idea which was not well communicated to the public, hence the outcry among the populace who fear the return of the Zimbabwe dollar.

Addressing journalists at a press conference on Wednesday night, Prophet Magaya said he met Reserve Bank of Zimbabwe Governor Dr John Mangudya on Tuesday where he told the central bank chief that people are scared of the bond

The boycott Oliver Mtukudzi campaign is gathering pace after he performed at President Mugabe march. Many diasporans are furious in what they see as Tuku propping up Mugabe. The MDC has slammed Tuku saying he had sold his soul for money. Tuku is close to Grace Mugabe and has not yet responded to the furore.

But some have leapt to his defence saying, as an artist, he can perform for anyone. One of the most vocal is socialite Tino Ngarande who said : “Those threatening to boycott his

PROMINENT lawyer and business tycoon, Tawanda Nyambirai has lost a bid to avoid paying US$12 441 to five ex-employees at his company, TN Harlequin Luxaire Private Limited (TN).

This was after the Labour Court dismissed an appeal filed by the company against an arbitral award directing TN to pay the amount.

The employees had been sent on unpaid forced leave for an unspecified period more than two years ago.

In August 2014, they were recalled to work where upon they resigned and claimed

As Zimbabwe’s economy continues to hurtle towards a full blown recession, the country’s biting liquidity and cash crisis is also deepening, with bank clients across the board now singing the blues as they battle to withdraw their cash.

The Daily News established yesterday that depositors with some banks are now spending up to eight hours queuing to withdraw their money, with some of the financial institutions running out of cash.

Bank clients who were interviewed by the

Read more...

Read more...

Eyebrows have been raised after Fungisai Zvakavapano-Mashavave was left out of the Gospel Divas Concert featuring Rebbeca Malope.

The show is on today at the Harare Gardens. Promoters of the show did not want to include Fungisai because of the controversy surrounding her dalliance with Zimdancehall music. The concert, organised by Red Rose Entertainment, has a stellar line-up of top local female gospel acts including Olivia Charamba, Carol Chivengwa, Agatha Murudzwa, Joyce Simeti, Mercy

A woman has claimed that she slept with her husband's 12-year-old nephew after being directed to do so by her husband.

The 21-year-old woman from Zvishavane was arrested and hauled before a magistrate who sent her to prison for six months. The woman from Kofi Village under Chief Masunda in Zvishavane pleaded guilty to the charge and claimed that the abuse was a directive from her husband.

“Your Worship, before my husband left for his gold panning activities, he told me that I

A prisoner pardoned by President Mugabe was back in police cells a day later after he was caught with fake US dollars.

Khupekani, 32 was arrested after he attempted to buy clothes using fake dollars. Sibanda approached Rosemary Mujuru intending to buy clothes at Egodini flea market. He bought a pair of tennis shoes, a shirt, jean trousers and a Tshirt valued at $60 and used a fake note to pay Mujuru.

Mujuru realised that the note was fake leading to an argument with Sibanda on the

FOREIGNERS were forced to close up shop in Botshabelo after unrest that lasted from Sunday night until Tuesday.

The unrest was fuelled by apparent dissatisfaction over the people nominated as councillors in the kasi’s different wards as well as by the moving of wards to other sections.

Residents from several kasis in the area woke up on Monday to find roads blocked with big stones.

Soon after, violent residents began attacking and looting foreign- owned spaza shops.

Children

A soldier, originally from Zimbabwe, who ‘lay in wait’ before repeatedly stabbing his former girlfriend to death in a frenzied attack has been sentenced to 26 years in jail.

Josphat Mutekedza broke into the home of nurse Miriam Nyazema, 37, in Rochdale, Greater Manchester, in July last year, a court heard.

Josphat Mutekedza pounced on Miriam Nyazema when she arrived home with her new lover

When she returned home with a male friend, an enraged Mutekedza grabbed her around

Four men from Bulawayo have been arrested in connection with the brutal murder of Air Zimbabwe public relations executive, Shingai Dhliwayo, who was killed in Botswana last month.

The four – who have criminal records in Zimbabwe and Botswana – were picked up at various locations around the city by detectives from the Criminal Investigations Department (CID) Homicide section between Monday and Tuesday night.

Dhliwayo was found dead in a bush about 5km from Ramokgwebana Border

A 24-year-old man drowned in Cleveland Dam while enjoying ‘Kodak’ moments with his lover on her birthday on Africa Day.

Terrence Mupfawa of Sunningdale 2’s planned celebrations with his lover, only identified as Constance of Sunningdale, ended prematurely after he drowned into the dam while posing for photographs being taken by the latter.

National police spokesperson Chief Superintendent Paul Nyathi confirmed the mishap.

“The Zimbabwe Republic Police would like

THE University of Zimbabwe (UZ) has rejected as “blatantly false” a recent State media report claiming half of its 12,500 students are HIV positive and demanded a retraction of the article.

UZ information department head Enock Chihombori said the Herald newspaper’s ‘47% of UZ students HIV positive’ article was “misleading and malicious”.

He demanded that the State-owned daily retracts the report and apologise for “the malicious presentation

You are here: Home News

Powered by South Africa Latest News