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Columnist / Tinashe kaduwo

Zimbabwe in austerity-induced recession

"OUTPUT in Zimbabwe is expected to contract in 2019 with a sharp rise in inflation reducing real incomes and foreign exchange shortages constraining activity," the World Bank reports in its Global Economic Prospects Report, revising downwa…

Published: 14 Jun 2019 at 08:22hrs | 14 | by Tinashe Kaduwo

Re-introducing local currency, not so fast

THE government recently pledged to re-introduce a local currency to replace the current multi-currency regime within 12 months in its efforts to address a mounting economic crisis.Making the announcement, Finance minister Mthuli Ncube sugg…

Published: 25 Jan 2019 at 14:31hrs | 891 | by Tinashe Kaduwo

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Columnist / Tinashe kaduwo

Zimbabwe in austerity-induced recession

Re-introducing local currency, not so fast

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