WATCH LIVE: Zimbabweans Can Use ZIG To Buy Fuel – Mushayavanhu

WATCH LIVE as Gambakwe unpacks the announcement by the that ZIG can now be used to buy fuel. The  Reserve Bank of Zimbabwe Governor Dr. John Mushayavanhu addressed public concerns about ZiG usage, including for fuel purchases.  He confirmed that fuel can indeed be bought with ZiG. Dealers have flexibility to set their own exchange rate when accepting ZiG (e.g., the “exchange rate of your choice” he mentioned), but he promoted using rates closer to official ones (around ZiG25/USD at the time) to make ZiG more attractive and fair.

Key Events For Today

1. 1. Brigadier General Jonathan Willie Hungwe declared a national hero. Burial likely on Friday.
   2. Bellarmine Chatunga Mugabe is scheduled to appear in the Alexandra Magistrate’s Court on Thursday, 5 March 2026
   3. Funeral service held for detectives who were killed by armed robber , Daniel Munyanyi (50)

Top Trending News

1. Tatenda Mavetera explains why Mnangagwa must stay until 2030.
2. Armed robbers targeted the Celebration Church in Mucheke, Masvingo, stealing US$500 in cash and personal belongings, distinct from the main Celebration Centre in Borrowdale. The incident highlights a trend of robberies targeting religious institutions in Zimbabwe, according to the Herald report.

Business

1. PIC goes to the market to find a panel of experts to fix the underperforming Isibaya fund which has an impairment of 51% (35 Billion impaired loans out of R69 Billion). The assets under management are around R120 Billion. The PIC has scrapped the group CIO role and opted to have three CIOs ( listed and unlisted Investments and, Properties and infrastructure)
2. Financial results ( Brimstone, Aspen, Sea Harvest, Discovery)
3. Fuel prices in South Africa will increase effective Wednesday, 4 March 2026. This adjustment, announced by the Department of Mineral and Petroleum Resources, breaks a recent trend of price drops.Effective March 4, 2026, South African fuel prices will increase across the board, featuring a 20 cents per litre rise for petrol and a 62 to 65 cents per litre jump for diesel. Additionally, illuminating paraffin will increase by 44 cents per litre, and LPGas will rise by 23 cents per kilogram to address rising international oil costs.
4. Ramaphosa salary increase to R3.5 Million after an inflation linked increase of 3.8%
5. Econet declares a dividend of R0.61 cents per share, payment on 25 March.
6. the Court of Arbitration for Sport (CAS) has dismissed Ngezi Platinum Stars Football Club’s final appeal in case CAS 2025/A/11286, upholding FIFA’s earlier ruling that the club unfairly dismissed former head coach Benjani Mwaruwari (also referred to as Benjamin Mwaruwari) in 2022. CAS confirmed FIFA’s award requiring the club to pay Mwaruwari approximately US$570,000 (or around US$600,000 in related reports), plus 5% annual interest from March 14, 2024, arbitration costs, and legal expenses.

International

Embassies

Africa

Chief Ntikedzeni Makhuvha (59) was shot and declared deceased on Monday, 2 March 2026, at approximately 00:00 at the Traditional Authority’s Royal House in Hamakhubva Ndarieni village. This village is situated in the Makhuvha area, located outside Thohoyandou .Two unknown suspects wearing balaclavas and security-type uniforms forcibly entered the residence by breaking a window. The suspects fled in a white Toyota Hilux (registration FVN 938L) along with a laptop, a television, and two cellular phones.

Community

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Notes