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RBZ Removes ‘Bond Note’ Inscription On New Currency

By Leopold Munhende The Reserve Bank of Zimbabwe (RBZ) has released the main features of the country’s new currency effectively re-designated in June but having had its place held by the surrogate bond notes indicating the only major difference will be the removal of the words “bond note”. The new …

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Harare City Council Clinic Nurses Down Tools

By Robert Tapfumaneyi The situation in Harare’s health institutions has worsened following the decision by Harare City Council clinic nurses to stop reporting work citing incapacitation. Harare City Council nurses and other health staff claim they are unable to report for work because the salaries they are getting are nolonger …

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Chief Chipuriro Blames Biting Economy for Moral Decay

By Lovejoy Mutongwiza Chief Chipuriro of Guruve has blamed social and moral decadence which has become a thing of the days in his area on the worsening economic situation which he said is forcing people into indulging in immoral behaviour. The tongue lashing traditional leader said most young girls and …

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Nurses Strike Illegal, Council

By Paidamoyo Chipunza The Harare City Council has ordered its nurses who withdrew labour yesterday citing incapacitation to terminate the mass job action and report for duty today arguing that their action was illegal. In an internal memo dated November 4 2019, Harare City’s acting human capital director Retired Major …

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Bakers Fret Over Bread Syndicates

By Kudzanai Gerede The baking industry has raised concern over the capture of the market by street vending cartels engaging in money-spinning schemes by hoarding bread using electronic payments then resale it at cheaper price in cash before trading the cash at high premiums at a time authorities are grappling …

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Forex Dealers Lose U.S.$765,000 to Fraudsters

By Tendai Rupapa Eight currency dealers allegedly lost US$765 000 to suspected fraudsters in a botched illegal transaction in Harare last week. The alleged client, Munir Kamruddin Kazi, requested for United States dollars in exchange for over $17m to be deposited in the dealers’ respective bank accounts. The money, the …

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Sadc seeks to reduce internet cost

Tawanda Musarurwa and Michael Tome SADC governments are looking to reduce the cost of internet by maintaining the region’s internet traffic local through provision of capacity building and technical assistance to facilitate the establishment of National Internet Exchange Points and Regional Internet Exchange Points. An internet exchange point (IXP) is …

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Stocks in the negative

Stocks were largely skewed towards the negative in the month of October as total market value shed a marginal 0,45 percent to $30,39 billion compared to September’s $30,52 billion. The month of October however saw a slower depreciation of the local currency, a trend witnessed since September following tighter foreign …

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