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RBZ statement on the interbank market for the foreign exchange market

In addition to the statutory instrument 142 of 2019 issued by Hon. Finance Minister and Economic Development Prof Mthuli Ncube on the removal of the multi-currency system in Zimbabwe and replacing it with a local record for transaction purposes, Zimbabwe's central bank wants to announce that it will implement the following actions: a) Direct banks to transfer to RTB $ …

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South Africa's MultiChoice looks to dismiss more than 2000 employees

South African pay-TV company MultiChoice Group plans to dismiss more than 2,000 employees in South Africa in a shake-up of its customer service, the company said on Friday. South Africa MultiChoice, which competes with Netflix in online streaming via Showmax, says in a statement it is launching a consultation process to cut 2,194 positions in MultiChoice South Africa's customer center …

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This R243 000 hatchback from Vietnam comes at a cost: No profit

Vietnam's foray into the business with its own brand comes at a cost to its manufacturer: No initial profit “We don’t take profit. So right now we're still losing money on cars we sell, ”Le Thi Thu Thuy, chairwoman of VinFast, Vingroup JSC's auto unit, said in an interview at the Bloomberg Asean Business Summit in Bangkok on Friday. VinFast …

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Facebook could use Libra to become an independent nation

Facebook has announced a plan to launch a new cryptocurrency named the Libra adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber – plus a ready-made user base of 2 billion people around the world – Facebook is positioned to pressure countries and …

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Volkswagen Amarok TDI Drag Races The Mercedes-Benz X350d

Mid-size pickup trucks are back with a vengeance. Americans have more choices than ever in the segment, with the Ford Ranger returning and Jeep offering the Gladiator – a first for the company since the 1980s. However, there are parts of the world that have even more choice. Take South Africa, which has the Volkswagen Amarok and Mercedes-Benz X-Class, two …

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DUBAI FIRM AT BUY MEIKLES HOTEL newsdzeZimbabweNewsdzeZimbabwe

Zimbabwe's world-famous five-star hotel, Meikles Hotel, is set to change hands after approval by the Competition and Tariff Commission (CTC) its sales to Albwardy Investment, a Dubai-based unit. In a board decision released last week, CTC said it had approved, without conditions, the proposed acquisition of Meikles Hotel deal from Meikles Hospitality by Albwardy Investment through its permanent ASB Hospitality …

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Bitcoin climbs two over, 000

Bitcoin breached $ 10,000 for the first time in about 15 months, recouping more than half of the parabolic increase that was introduced mainstream investors to the digital asset before the bursting of the cryptocurrency bubble. "The bounce back of Bitcoin has been fairly extraordinary," said George McDonaugh, chief executive and co-founder of London-based blockchain and cryptocurrency investment firm KR1 …

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Money-laundering watchdog to clamp on crypto curves

The Paris-based Financial Action Task Force will tell the countries to tighten the surveillance of cryptocurrency exchanges to stop digital coins being used for money laundering. Bitcoin medals. Image: AFP FRANKFURT / LONDON- Cryptocurrencies that bitcoin should be regulated to prevent misuse of money laundering. A global watchdog will announce on Friday the first worldwide regular attempt to limit the …

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