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1-10 results from 1000 for query «currency»

July 9, 2018 3:03 PM Chamisa dares Mnangagwa on corruption

President Emmerson Mnangagwa cannot weed out corrupt elements within his government because he has dirty hands, MDC Alliance leader Nelson Chamisa has said. Speaking at a rally in Zvishavane on Saturday, Chamisa told his supporters that Mnangagwa is the symbol of corruption in Zimbabwe. “I heard Mnangagwa saying he had created an anti-corruption unit in his office 42

July 5, 2018 3:57 PM RBZ rules out return of Zimbabwe Dollar

The Reserve Bank of Zimbabwe (RBZ) has refuted claims circulating on social media about the reintroduction of the banished local unit. Social media sites such as WhatsApp, Facebook and Twitter were awash with a document purportedly issued by RBZ announcing a comeback of the Zimbabwe dollar which was phased out due to hyperinflation. But in a statement 72

July 3, 2018 1:45 PM TelOne revenue surges to $117m

State-owned integrated telecommunications firm, TelOne, revenues increased to $117 million last year driven by growth in broadband income. According to the company’s financial results for 2017, total revenues jumped by three percent from $14 million in 2016 despite a decline in voice revenue. TelOne chairperson Juliet Machoba said the company expects 34

June 25, 2018 6:21 AM Vandals cripple new Zesa projects

Vandalism of electricity infrastructure is crippling implementation of new projects across the country as available funding is being channelled towards replacing vandalised equipment, a senior official has said. Chief Energy Development Officer for Matabeleland region in the Ministry of Energy and Power Development, Mr Peace Rugube said vandalism and theft 21

June 10, 2018 2:56 AM RBZ digs in on cryptocurrency ban

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has defended the central bank’s decision to ban cryptocurrency transactions and accused a local dealer of exposing the country, money-laundering, evasion of foreign currency exchange controls and violation terrorism financing. Bitfinance (Pvt) Ltd, trading as Golix, is challenging the recent RBZ ban at the High Court 13

May 5, 2018 8:54 PM Forex shortages hobble delivery of garbage trucks

Harare mayor Bernard Manyenyeni has been tasked by councillors to follow up on the delivery of refuse compactors that were purchased last year. According to ordinary council minutes, acting town clerk Hosea Chisango visited the Reserve Bank of Zimbabwe (RBZ) to inquire on the disbursement of foreign currency to cover the city’s needs. Of the 30 refuse 37

May 3, 2018 1:15 PM Zinara bosses freed – Nehanda Radio

Five Zimbabwe National Roads Administration (Zinara) executives, who were last year arrested for criminal abuse of office, have been found not guilty and acquitted. Messrs Precious Murove (director administration and human resources), Simon Taranhike (finance director), Shadreck Matengabadza (finance manager), Stephen Matute (accountant) and Givemore 51

April 25, 2018 9:41 AM Zinara bosses acquitted – Nehanda Radio

The High Court has acquitted five Zimbabwe National Road Administration (Zinara) executives who had been accused of fraudulently transferring more than $2 million into bogus companies’ accounts in a suspected shady loan deal. High Court judge Emy Tsanga yesterday ruled that the five, Simon Mudzingwa Taranhike, Shadreck Matengabadza, Stephen Matute, Givemore 35

April 14, 2018 9:22 AM Mukupe grilled over airtime health levy fund

Senators on Thursday grilled the Deputy Minister of Finance and Economic Development Terrence Mukupe on why Treasury was only disbursing 50 percent of the health levy fund from airtime to the Ministry of Health and Child Care. Introduced in 2016, the health fund is a Government levy of five percent on every dollar purchase of airtime and mobile data. Although 41

April 3, 2018 3:26 PM Turnall turnover rises 12 percent

Asbestos products manufacturer, Turnall Holdings, has contained a three-year decline in turnover, which rose 12 percent to $19,026 million for the year ended December 31, 2017, driven by an increase in sales volumes as well as production. Sales volumes rose by 9 percent on the prior year, mainly because of a jump in production levels. The company said production 24