The Reserve Bank of Zimbabwe RBZ has fined 27 companies for abusing the forex auction.
The companies are said to have been manipulating the rate and flouting exchange control rules.
RBZ governor John Mangudya says 12 other firms have since been issued with written warnings.
Mangudya says the culprits risk blacklisting and are barred from the forex auction until they pay the fines.
-Zwnews
Kaizer Chiefs coach Cedric Kaze has urged patience and composure after the club’s poor run… Read More
Kaizer Chiefs have suffered a major setback with two experienced players injured. Both Brandon Petersen… Read More
Premier Soccer League giants Kaizer Chiefs have reportedly set their sights on Nigeria international goalkeeper… Read More
Kaizer Chiefs’ preparations for the Soweto Derby were severely disrupted before kick-off, a reality that… Read More
Kaizer Chiefs registered a second successive victory in the CAF Confederation Cup group stages after… Read More
Across Africa, vehicle buyers and importers are discovering a new way to connect — through … Read More