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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
23h ago
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
23h ago
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
23h ago
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
Potraz approves ZiG tariff review for telcos amid currency devaluation
In a notice to customers, Econet and NetOne separately published the revised charges for voice, data and SMS services.
By Richard Farekaye
Oct. 22, 2024
Pensioners clamour for recognition as US$2bn pensions sector stutters
Over the years, pension values have been eroded through currency changes.
By Melody Chikono
Oct. 21, 2024
Billions ‘wiped off’ Zim banks
It is one of many crises confronting companies, as Zimbabwe’s crisis moves to its 25th-straight year, with no solution in sight.
By Shame Makoshori and Freeman Makopa
Oct. 18, 2024
ZiG taxes: A time for corrections
Critics say government services such as passport fees should be paid exclusively in ZiG to buttress the use of the local currency.
By Newsday
Oct. 18, 2024
