Expect More Hours Of Load Shedding: ZESA Delivers Bad News As Electricity Power Cuts Get Worse

Expect More Hours Of Load Shedding: ZESA Delivers Bad News As Electricity Power Cuts Get Worse   The Zimbabwe Electricity Supply Authority (ZESA) national power utility has warned consumers to brace for more hours of load shedding. The struggling power utility warned Zimbabweans that electricity power cuts would get worse from Saturday, 25 September, due …

RBZ Freezes City Of Harare’s Forex Accounts After Council Demands USD Payments For Services 

RBZ Freezes City Of Harare’s Forex Accounts After Council Demands USD Payments For Services    The Reserve Bank of Zimbabwe (RBZ) ’s Financial Intelligence Unit (FIU) has frozen the Harare City Council’s forex accounts. The authorities made the move after the Council announced that some of its services will now only be paid for exclusively …

InnBucks Is Back After RBZ Ban! Here Are The New Fees, Tariffs And Charges for August 2022

InnBucks Is Back After RBZ Ban! Here Are The New Fees, Tariffs And Charges for August 2022 InnBucks, Simbisa Brands’ money transfer service, is officially back, four months after the service was banned by the Reserve Bank of Zimbabwe (RBZ) However, the structure, fees, tariffs and charges are now different from how they were before …

Mthuli Ncube Threatens Stern Measures Against Companies Channeling Funds To Parallel Market

Mthuli Ncube Threatens Stern Measures Against Companies Contributing to Exchange Rate, Price Instability   Finance Minister Mthuli Ncube has threatened to take stern measures against all companies contracted as government suppliers who are contributing to exchange rate and price instability. According to the Finance Minister, the companies are contributing to this instability by diverting the …

Zimbabweans React To The Introduction Of Gold Coins

Zimbabweans React To The Introduction Of Gold Coins Image Credit (Nick Mangwana/Twitter)   In light of reports that the Reserve Bank of Zimbabwe (RBZ) is set to introduce gold coins, Zimbabweans have taken to social media to share their thoughts on this new development. In a statement on Monday, Governor John Mangudya said the gold …

Outrage As City Of Bulawayo Demands USD Tariffs, Converts Charges To Forex

Outrage As City Of Bulawayo Demands USD Tariffs, Converts Charges To Forex [Photo: Black Enterprise/iStock]   Zimbabweans have reacted with outrage after the City of Bulawayo announced that residents will now be paying their tariffs in USD. On Tuesday, the Bulawayo City Council announced that it had converted all charges to United States Dollars. The …

ZESA Increases Electricity Tariffs After Concerns That It Was Too Cheap

  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: …

Zimbabwe’s Reserve Bank Orders Banks NOT To Lend Money To Anyone, Including Government

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 …

“I Will Defeat Spam Bots, Promote Free Speech” – Elon Musk Speaks On Plans For Twitter After US$44bn Deal

“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 …

Mnangagwa Blocks Third Fuel Price Hike In Days, Says Govt Should Reduce Duty & Taxes

Mnangagwa Blocks Third Fuel Price Hike In Days, Says Govt Should Reduce Duty     President Emmerson Mnangagwa has blocked the government from implementing a third fuel price in just over a week. The President directed his government to review and reduce charges on fuel to cushion the local economy from instability in oil prices …