Zimbabwe is moving to inject additional bond coins valued at $3 million into the local market, it has emerged.
Finance Minister Patrick Chinamasa was yesterday given a torrid time over the present cash shortage in the country after legislators insisted that he must explain why there was no cash at the banks but plenty at Roadport and why people were being allowed to charge premiums of up to 35 percent.
Zimbabwe’s Highest Court has referred Higher Education Minister Jonathan Moyo back to the magistrate’s court to answer charges levelled against him by the Zimbabwe Anti-Corruption Commission.
Norton Legislator Temba Mliswa yesterday grilled Finance Minister Patrick Chinamasa to disclose where the First Lady Grace Mugabe and her son Russell Goreraza got the foreign currency to buy expensive luxury items like a house in South Africa, cars and a diamond ring.
Zimbabwe is in talks with South Africa to put in place a framework which will allow its citizens working in the neighbouring country to repatriate their pensions upon their return home, an official has said. It is estimated that at least a million Zimbabweans are living and working in South Africa.
Zimbabwe Stock Exchange mainstream index eased 1.13 percent to 367.13 points today, extending its losses for the third day running.