President ED Mnangagwa’s government has handed a prison sentence to a trader who was caught while selling foreign currency in the streets of Harare.
New laws prescribe that unlicensed foreign currency traders face up to 10 years in jail if convicted and loss of their money and assets.
Police spokesperson Charity Charamba said in a statement yesterday one dealer has been jailed for eight months while another one was sentenced to pay a fine of $1 000.
“They were charged and convicted for contravening section 5(1) (a) (11) of the Exchange Control (Amendment) Regulations 2017 (Number 5), Statutory instrument 122A, which criminalise illegal dealing in foreign currency.
“Nicky Masikati was sentenced to pay a fine of $1 000 while Oscar Sixpence was sentenced to eight months imprisonment,” Charamba said in the statement.
dailynews
Buying a car in South Africa and bringing it into Zimbabwe through Beitbridge has become… Read More
For years, our platform has been your trusted destination for breaking football news, match updates,… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through… Read More
Cars for sale in Lesotho are now easily available to consumers with different budgets. Moreover,… Read More
The Zimbabwe Republic Police (ZRP) confirms a fatal road traffic accident which occurred on 23/10/25… Read More
Zimbabwe's state security agency, Central Intelligence Organisation (CIO) has burst an intricate WhatsApp-based scam through… Read More