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Chawanda ready for Warriors

Ephraim Chawanda Sikhumbuzo Moyo, Senior Sports Reporter LEGENDARY former Zimbabwe Saints and Dream Team captain, Ephraim Chawanda, is ready to return to the Warriors’ set-up in any capacity if his former Warriors teammate Bruce Grobbelaar lands the national team head coach post. Grobbelaar, fondly known as the “Jungleman” during his …

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Naaz lament poor standard of Nash event

Sikhumbuzo Moyo, Senior Sports Reporter ATHLETICS officials have expressed shock at the poor level of event management exhibited by Imbizo District during the National Association of Secondary School Heads (Nash) track and field inter-schools meet held at White City Stadium on Monday and Tuesday. The officials from the National Athletics …

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Banking sector profits jump to $181m

Oliver Kazunga, Senior Business Reporter THE banking sector in Zimbabwe closed year 2016 with $181 million profits, recording a 42 percent increase from $127 million in 2015, the central bank reported. In his 2017 Monetary Policy Statement presented yesterday, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, attributed the …

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$70m nostro package availed: Measures aim to stimulate economic growth

Oliver Kazunga, Senior Business Reporter THE Reserve Bank of Zimbabwe has mobilised a $70 million nostro stabilisation facility to address the problem of delays that banks face when processing offshore payments. Since the first half of last year, nostro accounts of local banks have been depleting thereby creating a serious …

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Zimbabweans blow $206 million on DSTV subscriptions

Business Editor RESERVE Bank of Zimbabwe Governor Dr John Mangudya yesterday expressed shock that Zimbabweans blew a total of $206,7 million on DSTV subscriptions paid through nostro accounts between July and December 2016. This brings the nation’s priorities to question at a time when the country is experiencing a crippling …

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