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ZESA Increases Electricity Tariffs The Zimbabwe Electricity Transmission and Distribution Company (ZETDC) has increased electricity tariffs with effect from 15 May 2022. Zimbabwe Energy Regulatory Authority (ZERA) has approved a tariff adjustment in order to restore the value of the tariff to a level of USc10.63/kWh which was approved in 2019. Read the notice: …
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Government Slashes Import Tariffs For Basic Commodities To Tame Soaring Prices A shop shelf in a supermarket in Zimbabwe. The government has announced that it has slashed import tariffs for basic commodities for citizens in the wake of skyrocketing prices across the country. The latest round of prices soaring was catapulted by …
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Zimbabwe’s Reserve Bank Orders Banks NOT To Lend Money To Anyone, Including Government The Reserve Bank of Zimbabwe has ordered banks and financial institutions in the country not to lend money to anyone, including the government and private individuals. The central bank made the pronouncement following President Emmerson Mnangagwa’s address to the …
Zimbabwean Company Mukuru To Become Official Sponsor For EPL Club Crystal Palace Zimbabwean financial services company Mukuru has made history after becoming a sponsor for the English Premier League club Crystal Palace. Mukuru will become a sleeve sponsor for the EPL side for the 2022/2023 season. Mukuru, one of Africa’s largest money remittance businesses, was …
Police Arrest Zimbabweans For Buying OpenView Decoders Following Raids The Zimbabwe Republic Police arrested 11 people and seized dozens of OpenView decoders following raids conducted in Beitbridge in the last two weeks. The individuals arrested were trying to bring the OpenView decoders into Zimbabwe from South Africa or were already selling them in Zimbabwe. …
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LEVELS: Zimbabwe’s Ralph Mupita Earns R84.2 Million In 2021 As MTN CEO After “Overachieving” Group president and chief executive of the MTN Group Ralph Mupita earned a massive R84.2 million in total remuneration for 2021. The Zimbabwean was handsomely rewarded for his work after MTN reported that he had “overachieved,” resulting in “improved performance …
“I Will Defeat Spam Bots, Promote Free Speech” – Elon Musk Speaks On Plans For Twitter After US$44bn Deal (Photo by JIM WATSON/AFP via Getty Images / Getty Images) Elon Musk has said that he will promote free speech and defeat spambots on Twitter after agreeing on a US$44 billion deal to take …
RBZ Dismisses Allegations Of Raiding Foreign Currency Accounts The Reserve Bank of Zimbabwe has dismissed allegations that it is raiding foreign currency accounts. The RBZ also insisted that it is committed to de-dollarising the economy and will not suspend the foreign exchange auction system as suggested. The monetary authorities said this while responding to …
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RBZ Bans Innbucks, Orders Simbisa Brands To Stop Service With Immediate Effect The Reserve Bank of Zimbabwe (RBZ) has banned Innbucks, a money transfer service run by Simbisa Brands, from operating with immediate effect. According to the RBZ, Innbucks failed to regularise the service despite being warned to do so by the fiscal …
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Put South Africans First: SA High Court Slams Mukuru For Employing Zimbabweans While Excluding SA Citizens The South African High Court has ordered financial services company Mukuru to put South Africans first when employing workers. The Western Cape High Court slammed the company for seeking to employ Zimbabweans and Malawians while excluding black South …