By Heather Holdt on Business Finances, Conversation Starter, Featured Slider, Personal Finances
A lot of people seem to be struggling with high ZESA bills, due to high power usage. So I thought I would just share a few helpful tips to cut down energy usage and hopefully save someone a few dollars. Low-density suburbs, in particular, seem to have shockingly high energy consumption compared to the rest […]
By Farai Mutambanengwe on Business Finances, Conversation Starter, Personal Finances
I’ve had quite a few people ask me why I have judged the just-presented mid-term fiscal policy review so harshly. The reason is simple. That statement confirmed what I began to suspect was happening all along, particularly in the last few months. And that has been the reason for the massive upswing in the exchange […]
By Farai Mutambanengwe on Business Finances, Conversation Starter, Personal Finances
Just going to give a quick breakdown of why I say this budget stinks. It’s the numbers. First half, revenue $4.99 billion, and expenditure $4.2 billion, giving a surplus of some $0.8 billion odd. Second half projection, revenue $9.11 billion and expenditure $14.42 billion giving a deficit of $5.31 billion. Now two things wrong with […]
By KhuyaMedia on Business Finances, Featured Slider, Personal Finances, Press Releases
MONETARY POLICY STATEMENT STRENGTHENING THE MULTI-CURRENCY SYSTEM FOR VALUE PRESERVATION & PRICE STABILITY 01 OCTOBER 2018 TABLE OF CONTENTS SECTION 1: EXECUTIVE SUMMARY SECTION 2: POLICY MEASURES SECTION 3: CONCLUSION ANNEXURE SECTION 1: EXECUTIVE SUMMARY This Monetary Policy Statement is issued in terms of Section 46 of the Reserve Bank of Zimbabwe Act […]
By KhuyaMedia on Business Finances, Featured Slider, Personal Finances, Press Releases
Fiscal Measures for Reversing Fiscal Dis-equilibrium Presented by Hon. Prof. Mthuli Ncube Minister of Finance and Economic Development 1 October 2018 Harare Introduction The economy is showing signs of recovery albeit with a number of challenges and risks. Indications are that, the economy will grow by 6.3% against the original Budget […]
By KhuyaMedia on Featured Slider, Money Matters, Press Releases
Press Statement on TAX AMNESTY 2018 In an effort to encourage our valued clients to regularize their tax affairs, Government has, through the Finance Act No. 1 of 2018 published on 15 March 2018, made provisions for the granting of a tax amnesty to persons on application. Persons include companies, corporate or unincorporated body of […]
By KhuyaMedia on Featured Slider, Money Matters
Forex externalization has been blamed by most for the current cash shortages the nation is facing that has seen the reintroduction of black market forex trading with rates averaging 20% but as high as 90% in some periods. President ED Mnangagwa gave individuals and companies 3 months until March 16, 2018 to return all the […]
By Lucy on Business Finances, Featured Slider, Personal Finances
Barclays Bank Zimbabwe, with a market capitalization of approximately US$65 million, has been bought by First Merchant Bank (FMB) of Malawi. According to sources Barclays Bank plc, the majority shareholder of the bank, will not necessarily receive cash settlement for the acquisition but will received part ownership of FMB Malawi that it can dispose of […]
By MGFK on Featured Slider, Personal Finances
Grocery shopping can be an expensive part of your monthly budget. Most people will agree with the previous statement and because every household has a monthly grocery expenditure this article is for you. The savings elements discussed here could save you hundreds of dollars every year. With the cash crisis we are experiencing in Zimbabwe […]
By TechUnzipped on Business Finances, Featured Slider
One Hundred Trillion Zimbabwean Dollar Notes making sellers lots of money on eBay – turnovers of over US$120,000.00 in some cases. Since the hyperinflation in the late 2009 the RBZ issued $100,000,000,000,000 notes, and they barely paid for a loaf of bread. And from 2009 the value of these notes has not gone down. In […]
By KhuyaMedia on Business Finances, Personal Finances, Press Releases
There have been reports of much chatter on whatsapp groups of people selling cash against RTGS, bank transfers or mobile money transfers with individuals reported to be trading as little as $50-$100 against mobile transfers at rates ranging from 10% to 30%. Sadly some involved are unaware of the illegality of such transactions while some […]
By TechUnzipped on Business Finances, Featured Slider
The Reserve Bank of Zimbabwe (RBZ) has today introduced a new bank transaction fees which are structured according to the amount a person withdraws .This move by the RBZ will result in withdrawal costs declining significantly and certain charges being scrapped. The new charges will be put at 1 percent of an amount withdrawn at […]
By Lucy on Business Finances, General News & Articles
Highlights of the 2017 budget presented by Finance Minister Patrick Chinamasa to Parliament on Thursday, 8 December 2016. Growth is projected to increase from 0,6 percent in 2016 to 1,7 percent. Inflation projected to go up from a negative -1,5 percent to 1,1 percent. Total expenditure projected at $4.1 billion, total revenue collection at $3,7 […]
By Lucy on Business Finances, Featured Slider
PRESS STATEMENT ON THE RELEASE OF $7 MILLION SECOND BATCH OF BOND NOTES The Reserve Bank of Zimbabwe (the Bank) would like to express its great appreciation to the Zimbabwean public, consumers and business, for embracing Bond Notes following the release of the first batch of $10 million Bond Notes on 28 November 2016. The […]
By KhuyaMedia on Business Finances, Featured Slider, Press Releases
PRESS STATEMENT ON THE INTRODUCTION OF BOND NOTES The Reserve Bank of Zimbabwe is pleased to advise the nation of the introduction of bond notes with effect from Monday, 28 November 2016. The bond notes will be released into the market through normal banking channels in small denominations of $2 and $5 to fund export […]
By Lucy on Business Finances, Featured Slider, General News & Articles
The International Monetary Fund (IMF) executive board on Monday approved the removal of the remedial measures applied to Zimbabwe that had been in place because of the country’s overdue financial obligations to the Poverty Reduction and Growth Trust (PRGT). The measures to be removed include the declaration of non-cooperation with the IMF,the suspension of technical […]
