DStv Channel 403 Thursday, 26 December 2024

Son of Zanu-PF bigwig nabbed for foreign currency trading

HARARE - The son of Zanu-PF bigwig Christopher Mutsvangwa has appeared in court on charges of money laundering and illegal trading. 

This is after the Zimbabwe central bank introduced the gold-backed ZiG currency last month to fight hyperinflation. 

READ: ZIMBABWE ECONOMY | FORMER FINANCE MINISTER LABELS ZIG A WASTE OF TIME

Police have been cracking down on illegal money changers to protect the ZiG currency from losing value.

The bail hearing for Mutsvangwa Junior and his accomplices will continue Monday.

 * eNCA correspondent Pindai Dube reports.

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