Govt sleeping at the wheel
The administration has allowed the statutory instrument that introduced the Zimbabwe Gold (ZiG) to lapse before it could enact primary legislation to make the local currency a legal tender.
By Newsday
20h ago
Kwekwe United on brink of PSL promotion
The last team from Kwekwe to play in the topflight were the now-defunct Lancashire Steel.
By Terry Madyauta
20h ago
Choppies mulls Zim exit
The stress is caused by instability of the Zimbabwe Gold (ZiG) currency that was introduced in April to replace the Zimbabwe dollar as the official domestic currency.
By Tatira Zwinoira
20h ago
Zim runs with expired currency
Former Finance minister Tendai Biti concurred that ZiG was no longer a legal tender.
By Takudzwa Munemo
Oct. 28, 2024
Premium
Forex inflows decline as the ZiG stutters
The ZiG, which the authorities said was backed by gold, is struggling to hold its own in the multi-currency system and has been losing value at an alarming rate.
By Tafadzwa Mhlanga and Blessed Ndlovu
Oct. 27, 2024
Zim’s currency experiment has failed and it’s time to ditch the ZiG
The shift also complicates compliance with tax regulations, as accountants must stay updated on new tax implications associated with currency changes.
By Gary Gerald Mtombeni
Oct. 27, 2024
Bridgefort Capital to abandon ZSE for VFEX
Prior the VFEX listing, the firm will allot 84 615 385 Class A preferred shares to the placement agent to unlock capital for the Class A portfolio as and when required.
By Ashton Ndakusiya
Oct. 27, 2024
Treasury to revoke mining tax breaks... as businesses say choked by high taxes
For transactions above this threshold, a lower rate of US$0,05 per dollar applies. The tax now also covers gold-backed digital token transactions.
By Melody Chikono
Oct. 25, 2024
ZiG must go: Business. . . but RBZ thinks otherwise
Informal traders and some formal businesses are now rejecting the local currency because of its volatility as it continues on a free-fall.
By Tafadzwa Mhlanga
Oct. 24, 2024