Reserve Bank of Zimbabwe (RBZ) – newzimbabwevision

The bond notes/ Cash crisis forces, people to sleeping on pavements to beat the bank queues for their hard earned money

Posted on November 4, 2016November 4, 2016 by newzimbabwevision

. As the cash crisis rocks Zimbabwe ahead of the introduction of the bond notes, people are now sleeping in front of their banking halls to beat the queues in order to access their hard earned money. According to Fagio Marowa, he went out into town during the night to buy medication for his child and discovered quite a large number of people sleeping in front of the banking hall. He posted their pictures and…

Reserve Bank of Zimbabwe (RBZ) warns of worsening cash shortages coupled with depreciation of SA rand and GB pound

Posted on October 18, 2016 by newzimbabwevision

As jittery ordinary Zimbabweans wait with bated breath for the introduction of bond notes next month, the Reserve Bank of Zimbabwe (RBZ) has warned of worsening cash shortages ahead, in a further dose of bad news for the country’s dying economy. This comes as the current severe cash shortages have seen desperate depositors swamping banks as they bid to withdraw their little savings ahead of the imminent introduction of the much-distrusted bond notes. Addressing delegates…

Zimra Revenues Fall As Company Executives Divert Earnings To Individual Accounts

Posted on October 30, 2015 by newzimbabwevision

THE Reserve Bank of Zimbabwe (RBZ) yesterday made shocking revelations that company executives were diverting earnings to individual accounts to dodge the tax collector. RBZ governor, John Mangudya’s remarks at the Confederation of Zimbabwe Industries (CZI) meeting to unveil the Manufacturing Sector Survey report for 2015 stunned guests, as it brought to the fore the cat-and-mouse games between companies battling to preserve scant earnings and the Zimbabwe Revenue Authority (ZIMRA) struggling to meet revenue targets….

‘Zanu PF Curse OF Fires, Strikes Again As Gideon Gono’s farmhouse is destroyed in a fire

Posted on July 1, 2015 by newzimbabwevision

Part of former RBZ governor Gideon Gono’s farmhouse has been destroyed in a fire. This is not the first time Gono has suffered losses due to fire. In 2013, a chicken farm owned by Gono was gutted by fire for the second time in under two months that the property has suffered a suspected arson attack.- Source-bulawayo24 photo-According to NewsDay, the farm house went up in flames this afternoon after an electrical fault

Top (RBZ) executives on US$780,000 fraud charges , bailed but remain in detention

Posted on June 28, 2015 by newzimbabwevision

THREE top Reserve Bank of Zimbabwe (RBZ) executives accused of $780,000 fraud, were last week granted bail despite opposition from prosecutors who say they were a flight risk. However, they all remained in custody after the State invoked a legal provision that suspends bail pending appeal. Fidelity Printers and Refiners chief operating officer, Godknows Hofisi, 41, finance director, Tinashe Wellington Mbengegwi, 35, and finance manager, Ronald Madhara, 47 were granted $1,000 bail each by Harare…