Bond notes started circulating

Zimbabwe on Monday added a new “surrogate” currency to the nine already in its multi-currency basket amid mixed feelings from the banking public.

The bond notes, which according to the Reserved Bank of Zimbabwe (RBZ) will trade at par with the U.S. dollar, were released in denominations of 2 and 5 dollars, while a 1 dollar bond coin was also introduced to complement the set of bond coins which are already in circulation.

The other currencies in the country’s multi-currency basket are the U.S. dollar, British pound, Euro, Australian dollar, Chinese yuan, Indian rupee, Japanese yen, South African rand and Botswana pula.

RBZ introduced the bond notes following a liquidity crunch caused by the flight of the predominantly used U.S. dollar as some people allegedly externalized it, while others simply came into the country to gain easier access to it.

Some people who have been spending a lot of time in bank queues, often being turned away after the banks fail to dispense any cash, have welcomed the bond notes saying that they will now be able to pay for some goods and services which require cash.

“As long as it buys in the supermarket I will accept it,” said a customer who was waiting for the bank to start dispensing the new notes in Harare’s Avondale suburb.

However, another customer described the day as a “black Monday”, saying that the specter of 2008 when inflation officially hit more than 231 million percent was returning to haunt the country.

Independent bodies put the rate of inflation at more than 4 billion percent then.

Some businesses quickly embraced the new note, with an attendant at a petrol filling station in the Msasa industrial area confirming that they were accepting it.

However, some supermarkets which had initially accepted the notes but later stopped, saying that they needed the RBZ to inform them about the security features first.

Economic analyst Clemence Machadu said the retailers were only trying to be sure of the features before exposing themselves to the new notes.

“It is understandable for some supermarkets not to accept bond notes today or for the next few days, despite assurances by Retailers Association of Zimbabwe to accept them. They are only getting to know the security features today and getting accustomed to them,” Machadu said on his Facebook page.

Initially, RBZ had said the notes would be injected into the market via a 5 percent incentive to exporters, but U.S. dollar shortages have pushed it to introduce them directly to ordinary depositors.

The notes are backed by a 200 million dollar facility from the Africa Export-Import Bank with about 75 million dollars in bond notes expected to be in circulation by the end of 2016.

It is also feared that the new notes will trigger parallel dealings on the black market after some cash hoarders began to sell their money to desperate cash seekers at around 10 percent of the required amounts

Advertisements

Gokwe North teacher busted pants down in the bush bonking Grade 6 pupil

A se_x scandal rocked Rugare primary school in Gokwe North in the Midlands following reports that a teacher at the school was allegedly caught red-handed in a bush se_x romp with a grade six pupil. Reports are that the teacher Lonias Hove and the girl whose name has been withheld for legal reasons were busted by other pupils busy like rabbits in a bushy area near the school.

According to a source from the school before the two lovebirds were caught there had been rumours for a while that they were madly in love. The source said this after the pupil was once seen by other pupils shoving her hand into the teacher’s pair of trousers while repeatedly playing with his one-eyed monster. The whirlwind romance however, became real the day Hove was allegedly caught red with the pupil exchanging more than academic information. It’s reported that on the day in question, Hove extended the invitation to the girl to meet him in the bush claiming they were just going to chat. While in the bush one thing is said to have led to another when the two lovebirds ended up allegedly engaging in se_xual intercourse apparently with the belief that no one was watching them.

“They were not aware, that some suspicious pupils who had spotted them sneaking into the bush had followed them at a distance in a bid to catch them in the act. While in the act, the pupils approached and asked them what they were doing. Out of shame the teacher ran away before those pupils who busted him went and reported the matter confronted the teacher leading the matter to come to the school authorities’ attention,” said a source who requested anonymity for fear of victimisation.

When reached for comment He dismissed the allegations saying it was a smear campaign by his rivals meant to tarnish his image.

“It’s not true. Those allegations are being spread by people who want to tarnish my image. Following the rumours the parents of the girl that I am alleged to have slept with approached me on two different occasions and told them the allegations were not true. Honestly, I did not do that. I think people suspected that I am seeing pupil after I bought her some biscuits together with three other girls after they successfully recited the national pledge,” he said.

Meanwhile, the school headmaster, Obert Utete confirmed the incident and said investigations were in progress. “The matter is still under investigation. I am still waiting for the report from the investigations committee and once they are complete I will forward the investigations to the district education’s office who will then forward them to the provincial education director’s office who will be in a position to furnish you with details of what would have happened,” said Utete.

Source-B Metro

Muyambi’s wife buried in church

A FAMOUS philanthropist Lazarus Muyambi buried his wife, Neddie, inside a church in an a bizarre incident that has shocked the Gokwe community.

Lazarus Muyambi buried his wife, Neddie, in a church in Gokwe
Lazarus Muyambi buried his wife, Neddie, in a church in Gokwe

Muyambi, a retired Anglican cleric, who owns Chita Chezvipo Zvemoto (CZM) Primary School, Gokwe St Agnes Children’s Home, Healing School and a girls high boarding school, buried his wife inside a church on Saturday morning in a move that has left the community baffled by his decision.

Mourners, who attended the funeral at the weekend, expressed their displeasure at the practice, which they described as foreign and would bring a bad omen to the community under Chief Njelele.

One of the mourners, who identified herself as Sandra, said Chief Njelele must summon Muyambi for questioning, adding that such a practice would bring drought in the area.

“This is unheard of. Chief Njelele must intervene. This practice will cause drought in the area,” she said.

The incident triggered a social media debate, where pictures of the burial, with a coffin inscribed “mum”, were being circulated. The coffin was placed near the grave dug inside a church.

“The church is a place of worship and even Jesus Christ was not buried in the church, this will bring a bad omen to Gokwe,” Joseph Muganda said.

Contacted for comment, Izwi Muyambi, the deceased’s son, down played the issue, saying there is nothing wrong with burying someone in a church, as it is a norm in Anglican and Roman churches.

“There is nothing wrong with burying someone in the church, as it is the norm in the Anglican Church system and my mother’s family were also comfortable with her being buried there,” he said.

Izwi also warned people, who are peddling falsehoods on WhatsApp, saying he will take legal action against them.

According to traditional Roman Catholic laws, only monks, bishops and martyrs were be buried in the church in close proximity with the holy or royal place.

Donald Trump wins US elections

Donald John Trump was elected the 45th president of the United States on Tuesday in a stunning culmination of an explosive, populist and polarizing campaign that took relentless aim at the institutions and long-held ideals of American democracy.

The surprise outcome, defying late polls that showed Hillary Clinton with a modest but persistent edge, threatened convulsions throughout the country and the world, where skeptics had watched with alarm as Mr. Trump’s unvarnished overtures to disillusioned voters took hold.

The triumph for Mr. Trump, 70, a real estate developer-turned-reality television star with no government experience, was a powerful rejection of the establishment forces that had assembled against him, from the world of business to government, and the consensus they had forged on everything.

State opposes Kombayi’s ConCourt bid

State opposes Kombayi’s ConCourt bid

State prosecution yesterday opposed an application by suspended Gweru mayor Hamutendi Kombayi to have the matter in which he is accused of sending offensive text messages to Local Government permanent secretary George Mlilo referred to the Constitutional Court (ConCourt).

Kombayi (39) of Kopje Suburb in Gweru appeared before provincial magistrate Pathekhile Msipa facing charges of violating the Postal and Telecommunications Act.

Last week, through his lawyer, Reginald Chidawanyika, Kombayi made an application to have the matter referred to the ConCourt, saying the charge violated his constitutional rights.

Presenting her arguments, State counsel Helen Khosa opposed the application, saying the case should proceed to trial.

Chidawanyika will respond to the opposition by tomorrow before Msipa makes a ruling.

The court heard that on December 24 last year Kombayi sent a message to Mlilo, which read: “I will fight you, the war begins in 2016. To hell, you are a thief … I have proof and you are a fool that does not have a diploma.”

The State further alleges that on the following day Kombayi sent another message threatening Mlilo. “Audit tells you the problem, you decide. A suicide bomb will blast you,” one of the alleged messages read.

Newsday

Polygamist Kudzai Mhango assaulted for his sweet wife in bed

A polygamist from Gokwe was beaten up by other men because he married a wife who is ‘sweet in bed’.

Kudzai Mhango, 78, has three wives but because of his age one of his wives, Ezinett Chuma cheated on him with numerous men who seemed to enjoy her company. Mhango didn’t want trouble and took the matter to chief Chireya’s court where he said it was time for him to let go of his cheating wife because she was cheating on him with a villager by the name Goreva Musana.

Musana appeared in court too.

“I am no longer interested in staying with someone who cheats on me and tells people that I am old and not good in bed,” said Mhango in anger before the traditional court.

Musana had no problem taking Chuma from her husband and he made it clear.

“Chuma is so sweet in bed and I am in a relationship with her. If she asks me to marry her I will without any doubt,” Musana said.

Musana was ordered to pay three head of cattle to Mhango who told his adulterous wife to vacate his home.

It was also revealed that Musana and his friends beat up Mhango because he was too old to satisfy a woman and told him to bath properly and leave the wife to energetic men like Musana.

Source-B metro

Ganye man aquitted of rape charges

A 19-YEAR-OLD Gokwe man, accused of raping a five-year-old neighbour’s daughter, was last week acquitted of the charge after medical examination on the minor proved she had not been abused, but was suffering from a disease that was affecting her private parts.

The suspect, Samuel Watinaye, of Shamhu village under Chief Nemangwe, was acquitted by Gokwe regional magistrate, Solomon Jenya.

Watinaye’s acquittal followed the testimony of a specialist gynaecologist, a Chikwanha, who told the court the minor was suffering from a medical condition called urethral prolapse, which was causing a growth on her urinary passage.

Through his lawyer, Solomon Kangembeu of Chitere and Chidawanyika law firm, Watinaye had pleaded not guilty to the charge and blamed the feud between him and the girl’s parents as the cause for his predicament.

Watinaye said there has been tension between himself and the complainant’s family over the crops that were destroyed by the latter’s cattle.

It was the State’s case that on April 8 this year, the complainant was playing with her brother near their homestead when Watinaye joined them and instructed her brother to climb a baobab tree and he complied.

The State alleged Watinaye then took the complainant to a nearby field, where he raped her once and she screamed for help, prompting her brother, who was a few metres away, to rush to the scene, where he caught Watinaye in the act.

The State alleges the matter came to light when the complainant started bleeding and when her mother interviewed her, she revealed everything to her.

The matter was reported to the police, leading to Watinaye’s arrest. In defence, Kangembeu had argued that despite the feud between the families, the minor had been coached by her parents, as there was no evidence of penetration.

Robert Ndlala appeared for the State

Online