Commercial Farmers' Union of Zimbabwe
Government subsidises mealie-meal prices 25/6/2019 The Chronicle Patrick Chitumba, Midlands Bureau Chief GOVERNMENT has stepped in to subsidise mealie-meal production and pricing so as to ensure the commodity is accessible to every household. Essentially, Treasury is paying about RTGS$10 for every 10kg of mealie-meal sold by retailers as a way of cushioning the consumer. Grain …
New currency regime averts re-dollarisation 25/6/2019 The Chronicle Martin Kadzere and Enacy Mapakame, Harare Bureau The abolishment of the multi-currency system by Government will avert the country from plunging into full re-dollarisation at a time the economy does not have enough United States dollars to support it, some economic analysts have said. With effect from …
UPDATED: VIDEO: Multi currency system removed. . .Goods, services to be more affordable 25/6/2019 The Chronicle Golden Sibanda, Harare Bureau Government has removed the multi-currency regime and restricted domestic transactions to local currency, renamed Zimbabwe dollar, in an effort to enhance affordability of goods and services by the majority of Zimbabweans. Finance and Economic Development Minister …
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Government outlaws multi-currency system, reintroduces Zim dollar 24/6/2019 The Herald Business Reporter GOVERNMENT has outlawed the use of multiple currencies through new regulations that compel all forms of transacting to be done in local currency, now formally known as Zimbabwe dollar. Through Statutory Instrument (SI) 142 of 2019, known as Reserve Bank of Zimbabwe …
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Agribank introduces more initiatives 19/6/2019 The Herald Michael Tome Business Reporter THE Agriculture Development Bank (Agribank) says it has introduced a number of initiatives aimed at growing deposit mobilisation, chief executive officer (CEO) Sam Malaba has said. Mr Malaba said this in a speech at this year’s national draw of Agribank’s annual schools deposit …
Board approves Zimra’s 5-year strategic plan 19/6/2019 Zimbabwe Revenue Authority The Chronicle Thupeyo Muleya, Beitbridge Bureau THE Zimbabwe Revenue Authority (Zimra) board has approved the parastatal’s five-year strategic plan, which has been modelled in line with the Transitional Stabilisation Programme (TSP). Acting Zimra head of corporate affairs, Mrs Inzwirashe Muwonwa, in statement on Monday said …
Inside Paynet, banks forex war – NewsDay Zimbabwe 15/6/2019 Guest column newZWire A US$470 000 debt and the country’s interbank market are at the centre of a major row between banks and Cambria Africa, the provider of the Paynet transactions portal, whose suspension has disrupted millions of transactions. Cambria Africa says it suspended services …
Banks, Paynet stalemate stalls transactions 17/6/2019 The Herald Golden Sibanda Senior Business Reporter BULK payments service provider, Paynet Zimbabwe, has accused banks of greed in refusing to pay fees in foreign currency for using its payments platform despite pocketing a cumulative US22 million last year. Paynet Zimbabwe, a subsidiary of financial payments technology service …
Paynet switches off banks 14/6/2019 Indepenent Local transactions grounded Provider demands payment in forex PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency for its services.This has had the knock-on effect on RTGS payments. Kudzai …
Paynet switches off banks 14/6/2019 Indepenent Local transactions grounded Provider demands payment in forex PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency for its services.This has had the knock-on effect on RTGS payments. Kudzai …