ZESA Announces City Wide Electricity Blackout…Check Areas And Time

Hwange breaks down

ZESA Announces City Wide Electricity Blackout

ZESA Announces City Wide Electricity Blackout

Power utility ZESA has announced that there will be a city-wide electricity blackout on Sunday. According to the struggling power utility, during the 12-hour blackout, it will be carrying out essential maintenance. The blackout will cover the majority of the capital and will last from 6 am to 6 pm.

iHarare has published the notice from ZESA in its entirety below so that you can check if your neighbourhood is affected.

 

ZIMBABWE ELECTRICITY TRANSMISSION & DISTRIBUTION COMPANY

HARARE REGION

NOTICE TO OUR VALUED CUSTOMERS

The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) would like to advise its valued customers that there would be a power supply interruption on Sunday 02 February 2020 from 0600-1800 hrs for the purpose of carrying out critical maintenance

works.

During the maintenance period, electricity will not be available in the following areas: Borrowdale Central, Borrowdale West, Borrowdale Brooke, Vainoua, Rolf Valley, Chisipite, Ballantyne Park, Alexandra Park, Belgravia, Gunhill, University of Zimbabwe, Mt Pleasant, Mt Pleasant Heights, University Farm, Arundel Office Park, Mt Pleasant Business Park, Ryelands, Helensvale, Philadelphia, Hogerty Hill, Luna, Brookview, Mountain Breeze, Hatcliffe, Arda Nijo, Crow Hill, Greystone Park, Kambanji, Pomona, SIRDC, Wingate, Art Farm, Mabvuku, Tafara, Domboshava Road, Pomona Area, Guildford farms, Rumbavu Park, Gletwyn, Chisipite, Highlands Park, Glenlome, Umwinsdale, Chishawasha Hills, Spring Heights, Hunters Moon, Folyjohn, Zimre Park, Ruwa Industrial, Ruwa residential, Damafalls, Chipukutu, Fairview, Windsor Park, Goromonzi Turn Off area & Plots, New Martins Thorpe, Mandara, Chikurubi, ZRP Support Unit, Manresa, Athlone, Letombo Pumps, Amby, Msasa Industry, Greengrove, Greendale, Chisipite, The Grange, Letombo, Sunway City.

Customers are advised to treat all circuits as live during this period as power may be restored without notice.

The inconvenience caused is sincerely regretted

Eng. M. Munodawafa
GENERAL MANAGER – HARARE REG


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PIC: Price Madness – This Is The Outrageous Price Of Oranges In Zimbabwe

Outrageous Price Of Oranges In Zimbabwe

 Outrageous Price Of Oranges In Zimbabwe

Outrageous Price Of Oranges In Zimbabwe
The shocking price of oranges in Zimbabwe

Impoverished Zimbabweans are not likely to get a break anytime soon as the faltering economy continues tanking and prices continue shooting sky-high. It seems like Zimbabwe which already holds many dubious records for hyperinflation and ridiculous denominations of money may be embarking on the same trajectory once again judging by the recent price increases, particularly that of a pocket of oranges.

Quite shockingly, a 10-kilogram packet of oranges has an outrageous price of ZWL$644.49 at OK Zimbabwe Supermarkets. OK Zimbabwe Limited is one of the leading retail groups in Zimbabwe with numerous shops across the country and a product range that extends from groceries and houseware products to clothing and textiles.

To outline how ridiculous this price is, this translates to US$38 for the packet on the official interbank rate used by the government. However, on the black market, the one used by the majority of people in the country, this translates to US$26.

Even worse until yesterday, this amount translates to an eye-popping 62 percent of the salary of a civil servant who earned an average of ZWL$1033 per month. However, on Wednesday, the unions representing civil servants accepted a 140 percent increase which will see the lowest paid civil servant earning $2 450. The 140 percent comes after weeks of protracted negotiations with the government which at many points threatened to degenerate into a large scale strike. Despite the increase, most civil servants are unhappy with the increase arguing that with year-on-year inflation estimated at 520% in December by economists, the 140 percent salary increase is just a pittance.

The price of the oranges translates to 26 percent of the new salaries highlighting how just how extortionate the price is. It is well worth noting that due to the extremely high unemployment in the country, civil servants make up the majority of the formally employed people.

iHarare reached out to OK Zimbabwe Limited to find out why the packet of oranges is retailing for such an exorbitant price. We will update the article with their response once we get it.


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Zimbabwe Civil Servants Accept 140% Pay Increase…Lowest To Earn ZWL$2 450

Civil Servants To Attend Sanctions March

Zimbabwe Civil Servants Accept 140% Pay Increase

Civil Servants To Attend Sanctions March

 

Reuters reports that Zimbabwe’s public sector workers (civil servants) have accepted a 140% salary hike starting this month, a union official said on Wednesday, averting a potential strike against President Emmerson Mnangagwa’s government.

Soaring inflation has eroded salaries and savings in the southern African nation, which is grappling with its worst economic crisis in a decade, marked by shortages of foreign exchange, food, fuel, electricity and medicines.

Earlier this month, the top public workers union Apex Council rejected a government offer to double pay for employees saying it was too little.

After another round of negotiations which dragged into the early hours of Wednesday, an Apex Council official said workers had accepted a pay deal that would see the lowest-paid state employees getting 2,450 Zimbabwe dollars a month, up from 1,033 Zimbabwe dollars.  To put this in perspective, this translates to US$146 on the official interbank rate and US$98 on the black market racket which is the one accessible to the majority of people.

“This increase does not meet our demand but we will take it while we continue pushing the government to pay an increase that is above inflation,” said an Apex official, declining to be named because he is not authorised to speak to the press.

Labour Minister Paul Mavima could not be reached for comment.

With year-on-year inflation estimated at 520% in December by economists and the local currency losing value, life is increasingly hard for ordinary Zimbabweans, who also have to contend with the effects of a devastating drought last year.

That has sapped any hope of an economic rebound promised by Mnangagwa when he was elected in a disputed election in 2018.

[Official Interbank Rate: US$1 = 16.7921 Zimbabwe Dollar, Black Market Rate: US$1 = 25 Zimbabwe Dollar]


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Here Is How Mealie Meal Has Become The New Fuel In Zimbabwe, How Bigwigs Are Profiteering

How Mealie Meal Has Become The New Fuel

 

Zimbabwe has been plagued by a shortage of mealie ever since the government removed subsidies and then hastily reversed the move.

The chaos was precipitated by Finance Minister Mthuli Ncube when he lifted all subsidies on the country’s staple apparently, without consulting his boss President Emmerson Mnangagwa. After Mthuli Ncube’s announcement, the price of meal mealie skyrocketed and doubled to around Z$100 for a 10-kilogram packet, leading to cries of anguish from the people.

Mnangagwa later said that he was unhappy about the development and subsequently threw Ncube under the bus at a rally in Karoi The President stated that the Mthuli had not consulted him and that his policy was causing many to suffer. He then ordered the government to reintroduce the subsidy which would allow citizens to pay Z$50 for a 10-kilogram packet.

However, ever since the reintroduction of the subsidy, mealie meal has become a scarce commodity and seems to be only available on the black market.  Retailers are now selling the none-subsidized mealie meal which is going for upwards of $130-00 for a 10-kilogram packet.  In fact, mealie meal has joined fuel as one of the commodities which are in chronic short supply on the formal markets but are readily available for a premium on the black market.

The government has even introduced roller meal committees to ensure the availability of the product.

Many have blamed the government for the shortages, citing rampant corruption and mismanagement. Businessman and social media personality, Kuda Musasiwa also took to social media to explain how mealie meal has become like fuel in that only people who are connected to top government officials seem to benefit. Below is Musasiwa’s explanation,

A small thread on how Mealie meal has become the new Fuel in Zimbabwe!

So the government removed subsidy on Maize meal through the Minister’s budget. The President then went on national TV and revoked the removal, and promised to revert to sub prices.

The Gov then imports Maize at about $9000 per Ton then wants it sold at $4000, Only gives a very select few the license and subsidy and ban all other millers from publically buying or selling maize at market price.

Gov then delay paying the sub to millers with red tape and paperwork, meaning retailers (like me) can NOT get the subbed mealie meal from any dealer officially to sell the $10kg at the gazetted $50.

Millers then attempt to sell retailers the Hupfu at the market price of $92 per $10kg or $3.80 USD. But then tell you, due to Hupfu being gov controlled, they can’t give you a true invoice of the cost you pay.

Clever people (read: connected to gov) who hoarded and knew the gap now sell the subbed product for real value on the streets for $70 CASH, then sell the cash for 150%, then go buy subbed product again. And Viola, Hupfu is the new FUEL.

PS: The Maize farmer is the biggest loser here!


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Great News: EcoCash Users Can Now Reverse Transactions, Here Is How It Works

EcoCash Users Can Now Reverse Transactions

EcoCash Users Can Now Reverse Transactions

EcoCash Users Can Now Reverse Transactions

 

 

The country’s largest mobile money company, EcoCash has introduced a new feature which will allow users to reverse transactions that they may have made in error. This usually happens when EcoCash subscribers send money to fellow subscribers while absent-minded or careless and end up sending to the wrong recipient. With this new feature, if you send money to the wrong recipient, you will no longer have to endure lengthy queues at the EcoCash offices. Instead, you can reverse the transactions on your own mobile phone using the USSD Interface.

Here is what you need to know about the new feature. iHarare has compiled a list of some of the Frequently Asked Questions (FAQS) of the new feature.

 

How Do I Reverse An EcoCash Transaction If I Send Money To The Wrong Person

1. On your mobile phone Dial *150#
2. Select Option 3 – Self Help/Transaction Reversal
3. Select Option 1 – Reverse Transition

You will then be asked to enter the Money Reference Transaction 

 

If People Can Now Reverse Transactions On EcoCash, Will I Be Safe From Fraudsters?

The good thing about the EcoCash’s new transaction reversal feature is that it does not work unilaterally. By this, we mean that for a transaction to be reversed, both parties must agree to the reversal. This means that those who are inclined to defraud others will not be able to reverse the transaction later after they have collected goods or services.

The person who sent the money to the wrong person can only initiate the reversal. Assuming that the person who received the money by mistake is honest and has been appraised of the situation, they will then approve the reversal and there will be no need to spend hours at the EcoCash offices.

 

What If The Person Who I Sent Money To By Mistake Refuses To Cooperate And Approve The Reversal? What Do I Do?

 

In such a case, you will, unfortunately, need to go to the EcoCash offices to report the person so that the reversal is done.

 

iHarare will update the article when more information comes in about the new development.


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RBZ FREEZES Bank Accounts As Chinese Firm Accused Of Manipulating Forex Rates On Black Market

RBZ Threatens To Freeze Bank Accounts 

RBZ Freezes Bank Accounts 

RBZ Threatens To Freeze Bank Accounts 

 

The Reserve Bank Of Zimbabwe (RBZ) has frozen the bank accounts of a firm which is allegedly involved in parallel market activities on the EcoCash platform.   The freezing of accounts comes a few hours after the central bank issued a strongly worded statement warning entities manipulating the foreign currency rates on the black market, euphemistically known as the parallel market.  This was after the foreign currency rates of the United States Dollar started rising in the last few days following almost four months of relative stability.  The rate for a single United States Dollar shot up to above 25 Zimbabwe Dollars this week.

We publish the full statement from the  Reserve Bank of Zimbabwe in its entirety below:

FREEZING OF ACCOUNTS USED FOR PARALLEL MARKET ACTIVITIES

Earlier today, the Reserve Bank of Zimbabwe (“the Bank”) issued a statement raising its concern on the illegal activities of foreign exchange rate manipulators who have been engaging in activities that have exerted pressure on the exchange rate in the last few days.

The Bank escalated the matter to the Financial Intelligence Unit (‘FIU”) for investigation and the FIU has so far identified one entity (China Nanchang), which has used its bank account to inject millions of dollars into the parallel market in the last few days.

The FIU has ordered the freezing of the identified account pending further analysis and is undertaking ongoing surveillance to identify more culprits involved in the parallel market transactions, particularly on the Ecocash platform.

The Bank remains focused on its mandate to ensure market stability. To this end, the Bank will work closely with the FIU to identify and take appropriate action, in terms of the law, against any culprits involved in illicit foreign currency activities and manipulation of the foreign exchange rates.

 

John Mangudya 

Governor 

24 January 2020

RBZ Freezes Bank Accounts


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Furious RBZ Threatens To FREEZE Bank Accounts As FOREX RATE Starts Spiking Again

John Mangudya,RBZ Threatens To Freeze Bank Accounts 

RBZ Threatens To Freeze Bank Accounts 

John Mangudya, RBZ governor, RBZ Threatens To Freeze Bank Accounts 
Governor John Mangudya’s RBZ Threatens To Freeze Bank Accounts

 

The Reserve Bank of Zimbabwe (RBZ) has threatened to freeze more bank accounts after the foreign currency exchange rates on the black market started rising this week. In a strongly-worded statement, the central bank threatened to freeze the accounts of the people it alleges are destabilising the market which has been relatively stable for the past four months. This comes after the rate of the United States Dollar breached the 25 threshold after months hovering between 20 and 22.

In a statement which was released on social media, the central bank said,

It has come to the attention of the Bank that some exchange rate manipulators are exerting pressure on the forex market with the intention of destabilizing the stability that the country has been experiencing over the past four months.

Such malpractice is not warranted as money supply has remained under control for the past five months. The matter has been escalated to the Financial Intelligence Unit that is proceeding to investigate and freeze the accounts of those upsetting the market.

This is not the first time that the monetary authorities have resorted to freezing accounts. Back in September, the central bank froze bank accounts belonging to Sakunda Holdings, Access Finance, Croco Motors and Spartan Securities following allegations of money laundering and financing the black market. According to the central bank’s Financial Intelligence Unit (FIU), the companies had poured in hundreds of millions of local currency onto the black market to mop up increasingly hard to come by United States Dollars and other foreign currency.

While the measures stalled the run on the local currency on the black market, forcing the rate to come down, the accounts were later unfrozen after investigations by the authorities and it seems like no action was taken against the companies.

Sakunda is owned by President Emmerson Mnangagwa’s ally Kudakwashe Tagwirei while Spartan Investments is reportedly owned by Mnangagwa’s nephew Tarisai Mnangagwa.


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Mthuli Ncube Promises To Release $50 Notes Soon…Insists That Inflation Is Normal

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BREAKING: Fuel Prices SHOOT UP As Blending Decreases To E5

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Here Are The Govt’s Pay Dates For Civil Servants For The Year 2020

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