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Banks dread bond notes

Source: Bernard Mpofu, Zimbabwe Independent Original article URL LOCAL banks, which on the surface appear to be supporting the introduction of US$200 million worth of the new promissory currency in bond notes into the market, fear a nightmare over accounting standard chaos and operational headaches, the Zimbabwe Independent has been told. By Bernard Mpofu This […]

Chained protesting cleric appears in court

Source: Desmond Chingarande, NewsDay Original article URL An anti-President Robert Mugabe cleric, who protested against the government by chaining and locking himself against the steel rails at Africa Unity Square, yesterday appeared at the Harare Magistrates’ Court facing criminal nuisance charges. Patrick Philip Mugadza (46) was not asked to plead when he appeared before Harare […]

Zimbabwe Finance Minister makes u-turn on fast-tracking Bond Notes Bill

Source: Gibbs Dube, VOA Zimbabwe Original article URL Finance Minister Patrick Chinamasa has backtracked on his plans to fast-track the Reserve Bank of Zimbabwe Amendment Bill to pave way for the introduction of bonds notes in Zimbabwe crippled by serious cash shortages. Chinamasa requested the House of Assembly to fast-track the Bill on Wednesday. He […]

No devil from hell nor Zanu PF can stop me: Dzamara

Source: Obey Manayiti, NewsDay Original article URL ACTIVIST, Patson Dzamara has said he will soldier on and continue fighting Zanu PF’s tyranny following an alleged attack and kidnap attempt on him on the eve of a planned demonstration last week. Dzamara was hospitalised after he was brutally assaulted and had his vehicle burnt to a […]

Bond notes challenge judgment reserved

Source: Charles Laiton, NewsDay Original article URL Judge President, Justice George Chiweshe has reserved judgment in an urgent chamber application filed by Harare businessman, Frederick Mutanda, challenging the planned introduction of bond notes. Presentations in the matter started at around 6pm on Tuesday and ended at around 8pm after all the parties made their submissions, […]

Reject bond notes at your own peril: Chinamasa

Source: Veneranda Langa, NewsDay Original article URL FINANCE minister Patrick Chinamasa yesterday claimed Zimbabweans will reject bond notes at their own peril, as their families and businesses will be negatively affected by such a snub. Responding to Binga North MP Prince Dubeko Sibanda (MDC-T) in the National Assembly during the question-and-answer session, Chinamasa said Zimbabweans […]

War veteran leaders’ case collapses

Source: Desmond Chingarande, NewsDay Original article URL FIVE Zimbabwe National Liberation War Veterans’ Association leaders, who are facing charges of undermining the authority of President Robert Mugabe, were yesterday removed from remand by Harare magistrate, Hosiah Mujaya due to the State’s unpreparedness. Headman Moyo, Francis Nhando, Victor Matemadanda, Hoyini Samuel Bhila and Douglas Mahiya left […]

Bond note introduction ignites uncertainty in Zimbabwe

Source: Privilege Musvanhiri, Deutsche Welle Original article URL Crippling cash shortages surfaced in the first quarter of 2016 and in May the Reserve Bank of Zimbabwe announced the introduction of bond notes as a corrective measure. Several dates to introduce the currency have come and gone. Bond notes are not a legal tender that can […]

ZLHR seeks treatment for clergyman assaulted over anti-government protest

Source: Zimbabwe Lawyers for Human Rights (ZLHR) LAWYERS from Zimbabwe Lawyers for Human Rights (ZLHR) have petitioned the Zimbabwe Republic Police (ZRP) to allow detained clergyman, Pastor Philip Mugadza, to seek medical treatment after he sustained injuries when he was assaulted at Parliament Building, where he was arrested on Tuesday 22 November 2016. Pastor Mugadza […]

Bond notes challenge spills into the night

Source: Charles Laiton, NewsDay Original article URL HARARE businessman, Frederick Frederick Mutanda’s urgent High Court chamber application challenging the planned introduction of bond notes, started late in the day before Judge President, Justice George Chiweshe. In his application, the businessman said the move by the Reserve Bank of Zimbabwe (RBZ) to introduce the bond notes, […]