ZiG
The Minister of Finance, Prof. Mthuli Ncube, has proposed introducing a 10% tax on gross winnings for sports betting punters. He announced this measure while presenting the 2025 National Budget at the Parliament of Zimbabwe in Mt. Hampden yesterday. The new tax aims to boost government revenue and regulate the burgeoning sports betting industry. The […]
The Zimbabwean Treasury is poised to implement new measures mandating that most taxes and fees be paid exclusively in Zimbabwe Gold (ZiG). This initiative aims to boost demand for the local currency and stabilize its value. The decision aligns with preparations for the 2025 National Budget, which is set to be presented next month. On […]
The Reserve Bank of Zimbabwe (RBZ) has announced a decisive tightening of its monetary policy in an effort to curb soaring inflation. Following a recent meeting of the Monetary Policy Committee (MPC), the central bank has adjusted its key policy rate, which acts as the benchmark for inter-bank transactions, in a bid to rein in […]
The Zimbabwe Congress of Trade Unions (ZCTU) has called on employers to establish a minimum wage in United States Dollars (USD) to protect vulnerable workers. This appeal comes in response to the Reserve Bank of Zimbabwe’s (RBZ) recent devaluation of the Zimbabwean Gold (ZiG) currency, which has significantly impacted workers’ salaries. In a statement, ZCTU […]
The Governor of the Reserve Bank of Zimbabwe (RBZ), Dr. John Mushayavanhu, has provided insights into the recent decline in the value of the Zimbabwe Gold (ZiG) currency, despite the increase in global gold prices. On Friday, the RBZ devalued the ZiG by 44%, reducing its value from 13.99 to 24.39 per US dollar. Dr. […]
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe, is taking steps to ensure sufficient local currency, the ZiG, remains in circulation to support normal business transactions and economic activity. The RBZ has announced a new arrangement with Homelink to widen public access to ZiG cash, leveraging Homelink’s existing branch network across the country. Starting Monday, […]
The government is cracking down on illegal foreign currency trading and stepping up enforcement of exchange rate regulations after the Ministry of Finance, Economic Development and Investment Promotion has empowered the central bank’s Financial Intelligence Unit (FIU) with additional resources to more effectively target violators. Since the introduction of the new ZiG currency in April, […]
Vice President Dr Constantino D.N.G Chiwenga delivered a compelling keynote address at the International Business Exhibition held at the Zimbabwe International Trade Fair. Running under the theme “Innovation the catalyst for Industrialization and Trade,” the Vice President emphasized the pivotal role of innovation and technology in revolutionizing industries. Vice President Chiwenga highlighted the government’s commitment […]
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