Bitcoin is not legal: RBZ

The Reserve Bank of Zimbabwe (RBZ) has warned members of the public against using Bitcoin, saying its use is not legal in the country. The RBZ has been lax towards regulating the crypto currency arguing that despite its popularity, the central bank discouraged its use due to lack of a regulatory frameworks for exchanges and start-ups…
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Delta, Zimra tiff rages on

Taurai Mangudhla Senior Business Reporter ZIMBABWE’S largest beverage maker, Delta Corporation’s legal battle to get interest of close to $700 000 on charges of underestimated taxes from state revenue collector Zimra rages on with the High Court expected to hear the matter this week. According to court documents in possession of The Herald Business, the legal fight…
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Hippo Valley revenue dips

Enacy Mapakame Business Reporter Depressed production volumes saw Hippo Valley Estates, a local unit of South African sugar producer Tongaat Hulett, report a 13 percent decline in revenue to $72 million for the half year ended 30, 2017 from $82,9 recorded in the same period last year. Profit for the year was however 300 percent firmer at…
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Comesa takes over Tripartite leadership

Business Reporter The Common Market for Eastern and Southern Secretary General Sindiso Ngwenya is now the new chairman of the Tripartite Task Force that brings together three regional economic communities, namely COMESA, the East African Community and the Southern Africa Development Community. He took over from Secretary General of the EAC Liberat Mfumukeko during a brief…
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BREAKING: ED breaks silence

Felex Share Senior Reporter — Former Vice President Cde Emmerson Mnangagwa says President Mugabe should respect the will of the people expressed through various democratic processes going on in the country. He said the current impasse was not a matter between the two leaders. In a statement released this morning, Cde Mnangagwa confirmed that President Mugabe…
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Govt warns fertiliser firms over prices

Munyaradzi Musiiwa Midlands Bureau— GOVERNMENT has warned fertiliser companies who benefited from the $56 million credit facility opened by Government through African-Export and Import Bank (Afreximbank) to support imports of fertiliser for the 2017/18 cropping season against unscrupulously increasing prices of the commodity. Fertiliser prices on the market have jumped to $41 from $32 per 50kg bag…
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Unlicensed driver fined $300

Munyaradzi Doma in Zvishavane AN unlicensed Harare man, who had an accident with another man’s car which he had taken without his consent, has been slapped with a $300 fine. Appearing before Zvishavane magistrate Mr Archie Wochiwunga last Friday, Tatenda Maunga (27) of Glen Norah pleaded not guilty. However, Mr Wochiwunga convicted him due to overwhelming evidence. He…
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