Zimbabwe and SA work on pension portability policy

ZIMBABWE is in talks with South Africa to put in place a framework which will allow its citizens working in the neighbouring country to repatriate their pensions upon their return home, an official has said.   It is estimated that at least a million Zimbabweans are living and working in South Africa. Public service, labour and social welfare permanent More...

by reporter263 | Published 3 days ago
By reporter263 On Tuesday, September 19th, 2017
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ZIMBABWE’S NEW HYPERINFLATION: HOW DOES IT END?

Preamble: this is a follow-on post from Zimbabwe Hyperinflation 2.0: The US Dollar Version. I’ve had quite a few questions come back from that post. So I thought that I would give a roadmap of how this is likely More...

By reporter263 On Tuesday, September 19th, 2017
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Zimbabwe Announces September Civil Servants Pay Dates

THE Government has released civil servants pay dates for this month with soldiers expected to receive their salaries today. Zimbabwe cash crisis continues Those in the health sector are expected to receive their More...

By reporter263 On Thursday, September 7th, 2017
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Zimbabwe earns $3.2 billion forex in 8 months

Zimbabwe’s foreign currency receipts rose 6.6 percent to $3.2 billion in the eight months to August from $3 billion in the comparable period last year, buoyed by mineral earnings, according to central bank More...

By reporter263 On Sunday, September 3rd, 2017
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New Zanu-PF cards to function as debit cards

ZANU-PF will soon start disbursing its new electronic membership cards that will also function as debit cards after partnering with People’s Own Savings Bank (POSB) in the initiative. The electronic membership More...

By Lex Vambe On Thursday, August 17th, 2017
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Forex crisis forces further international card curbs

A WORSENING foreign currency crisis has forced financial institutions to tighten transaction limits on international cards, which most banks now require depositors to fund with hard currency before travel. In recent More...

By reporter263 On Tuesday, August 8th, 2017
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South African Whites-Only Town To Launch Digital Currency for Whites

The infamous Whites-only town of Orania in northern Cape Town, South Africa, is set to launch a digital currency that will only be used within the town. Orania, which is estimated to have a population 1,300 people, More...

By reporter263 On Thursday, August 3rd, 2017
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RBZ offers 10pct sweetener for diaspora remittances

HARARE: The Reserve Bank of Zimbabwe (RBZ) has increased the Diaspora Remittance Incentive Scheme (DRIS) from 3 percent to 10 percent, in a bid to increase inflows. Remittance constitutes 28 percent of the $2,8 More...

By reporter263 On Wednesday, August 2nd, 2017
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Zimbabwe to print $300 million additional bond notes

Zimbabwe’s central bank says it will print additional bond notes worth $300 million in an effort to ease biting cash shortages, stoking fears that the country could return to the era of money printing and More...

By reporter263 On Tuesday, August 1st, 2017
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Zimbabwe’s largest bank sets new $200 withdrawal Visa cards limits

Zimbabwe’s biggest bank, CBZ has set new withdrawal limits for its international Visa card holders who will also now be required to fund their accounts with physical cash before travel. The card holders will More...