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1-10 results from 840 for query «rand»

March 25, 2018 12:13 PM Zim could earn $200m/yr if it adopts Rand, claims Minister

Zim could earn $200m/yr if it adopts Rand, claims Minister VICTORIA FALLS: Finance deputy minister Terrence Mukupe has said Zimbabwe is losing a potential $200 million per annum which it can earn if it joins the Common Monetary Union and adopt the South African rand. Zimbabwe adopted a multi-currency system in 2009 but the US dollar resultantly overrode 127

February 16, 2018 1:38 AM Ramaphosa succeeds Zuma as South African president… promises to tackle corruption

Cyril Ramaphosa has become South Africa’s president a day after embattled leader Jacob Zuma resigned. He was the only candidate nominated by parliament, which is dominated by his African National Congress. MPs broke into song at the announcement. In his first presidential speech, Mr Ramaphosa, 65, said he would tackle the corruption which allegedly became 34

October 21, 2017 3:57 PM Biti Unmasks Hopeless Chinamasa

Former Finance minister Tendai Laxton Biti has no kind words for President Robert Mugabe’s government which he said cannot be expected to fix Zimbabwe’s problems and he tells Deputy Chief Writer Tendai Kamhungira in this interview that it would be foolhardy to expect the regime to mend the economy when it is responsible for its current mess. A: I think 30

October 16, 2017 11:52 AM Zimbabwe police scaring tourists including 10-year-olds!

Zimbabwe is an expensive tourist destination if one measures the value of the Rand (or Pula) against the Dollar and consider the most expensive border fees in the region. The average South African middle class tourist, therefore, really has to save up and budget when considering a holiday in Zimbabwe. It is such a scenic country that a visit, nevertheless 60

October 10, 2017 12:43 AM Tsatsa retains Imbube King’s Marathon title

The 42-year-old won the race in three hours 3 hours 08 minutes 10 seconds. The veteran Zimbabwean runner walked away with R50 000, a floating trophy and the majestic and royal winners’ handshake from His Majesty King Mswati III at the prize giving ceremony held at Somhlolo National Stadium. “For a slower runner like me the route is not as bad but for a fast runner 70

October 1, 2017 11:56 PM BIG INTERVIEW: There is no currency crisis, claims minister

Fears of a return to the hyperinflation era that preceded the introduction of the multi-currency system in 2009 were heightened in the past fortnight when the value of bond notes tumbled on the parallel market and prices of basic commodities shot through the roof. Panic-buying gripped Harare last weekend and on his return from the United Nations General 7

September 30, 2017 4:31 AM SA should have pressured Zim to use rand: Mangudya

RESERVE Bank of Zimbabwe governor John Mangudya yesterday said South Africa had let Zimbabwe down in 2008 when it facilitated a political settlement, but did not deal with economic changes which were at the core of the crisis back then. Speaking to civil society organisations led by the Crisis in Zimbabwe Coalition at a meeting to discuss the current 3

September 28, 2017 2:00 AM RBZ official dismisses new bond notes reports

RESERVE Bank of Zimbabwe (RBZ) deputy governor Kupukile Mlambo has dismissed as false, social media reports that the central bank is introducing new bond notes in order to catch off-guard those holding on to huge sums of money. The central bank said, instead, there were plans to introduce higher denomination coins to counter black market practices 56

August 30, 2017 8:29 PM South Africa student receives $1m loan in error

A South African university is investigating how a student was mistakenly given a 14m rand ($1m; £770,000) loan. The error became known after an image of a receipt showing the student’s account balance was widely shared. A Walter Sisulu University (WSU) spokesperson accused the student of spending some of the money on a “lavish lifestyle”, Times Live reports 6

August 30, 2017 3:14 PM Walter Sisulu University mistakenly deposits R14m into student's account

This happened approximately five months ago but was only brought to our attention this week by another student who saw social media posts. IntelliMali, a company responsible for administering the National Students Financial Aid Scheme (NSFAS) has taken responsibility over the misallocation of R14million into a student's account, instead of a monthly 57