Business / Economy
Naming, shaming, SI 127 key for market discipline
NAMING, shaming and imposing heavy penalties against entities caught abusing funds obtained from the auction will reinforce the platform's role as the...Published: 13 Jul 2021 at 08:53hrs | 670 | by Staff Reporter
RBZ introduces new ZW$50 note
The Reserve Bank of Zimbabwe (the Bank) wishes to advise the public that the ZW$50 banknote issued on 6 July 2021 through Statutory Instrument 196 of ...Published: 06 Jul 2021 at 15:48hrs | 2623 | by Staff Reporter
Econet launches revamped 'YoMix' app with rich, new features for wider customer base
Econet Wireless - Zimbabwe's largest mobile network operator by customer base and network coverage - has re-launched its popular YoMix mobile ap...Published: 27 Jun 2021 at 21:14hrs | 968 | by Agencies
How blockchain is transforming Zimbabwe's economy
Zimbabwe is perhaps the first example that comes to anyone's mind when they think of failed states or economies. The country has been regularly making...Published: 28 Apr 2021 at 18:33hrs | 2779 | by Staff writer
Esigodini villagers exposed to disused pits
ESIGODINI villagers in Umzingwane district, Matabeleland South province, have expressed concern over numerous disused pits left by gold panners, espec...Published: 22 Apr 2021 at 06:21hrs | 385 | by Staff reporter
TelOne lays off 184 digitally-handicapped workers
State-owned telecommunications company, TelOne, has retrenched more than 180 workers whose qualifications it says did not meet the standard for its ev...Published: 22 Apr 2021 at 06:20hrs | 1471 | by Staff reporter
Mthuli sticks to 7,4% growth
FINANCE minister Mthuli Ncube is sticking to his economic growth forecast of 7,4% for this year, just days after President Emmerson Mnangagwa said Zim...Published: 22 Apr 2021 at 06:19hrs | 366 | by Staff reporter
Prof Steve Hanke's no hyperinflation in Zim comment angers Biti
MDC Alliance Vice President, Tendai Biti, leading that party's Economic Portfolio is this week set to meet representatives of the US Embassy in Harare...Published: 11 Oct 2020 at 08:07hrs | 2473 | by David Mwanza
Zimbabwe targets 75% industry capacity
GOVERNMENT is targeting to increase manufacturing capacity utilisation from an average of 40 percent in 2019 to 75 percent by 2023 while US$2 billion ...Published: 09 Oct 2020 at 08:26hrs | 922 | by Staff Reporter
Zimdollar continues to trade within range of cash parallel rates
The local currency added a marginal 0.11715% after it firmed up against the dollar in the latest auction as it continues to reposition itself in the w...Published: 06 Oct 2020 at 20:22hrs | 2615 | by Staff reporter
Steward Bank launches new product to support agriculture
Steward Bank has partnered with businesses under parent company Cassava Smartech Zimbabwe to launch AgroFuture, a new agribusiness product that is set...Published: 01 Oct 2020 at 10:02hrs | 1722 | by Agencies
Why crisis is important for any economy
This year will be etched in people's memory. Devastating effects of COVID-19 are felt around the globe. Just a handful of countries have not reported ...Published: 27 Jul 2020 at 20:44hrs | 1273 | by Staff writer
ZimDollar future bright, says Mthuli Ncube
FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday reiterated that there was no going back on the use of the Zimbabwe dollar, ...Published: 25 Jul 2020 at 08:32hrs | 1833 | by Staff Reporter
South Africa's economy has been crushed by COVID but could be on the mend
South Africa's economy is forecast to drop by a robust 7.2% in 2020 which would be the worst performance in nearly 90 years. The pandemic has spread t...Published: 21 Jul 2020 at 21:06hrs | 1761 | by Staff writer
Zimbabwe's diamond stash to rake in millions
The Minerals and Marketing Corporation of Zimbabwe (MMCZ) has said it is getting ready to sell the country's diamond stockpile of over one million car...Published: 05 Jul 2020 at 09:42hrs | 2480 | by Staff Reporter
Zimbabwe's former Economic Minister slams government
Zimbabwe's former Minister of Economic Planning and Investment Promotion, Dr. Tapiwa Mashakada has slammed at the country's recent foreign currency au...Published: 27 Jun 2020 at 10:37hrs | 4895 | by Daniel Itai, Harare, Zimbabwe
Zimbabwe's economists query China's friendship
Some of the country's economists have raised their eyebrows with regards to China's debt cancellations in Africa which were revealed earlier on this w...Published: 27 Jun 2020 at 10:35hrs | 1731 | by Daniel Itai, Harare, Zimbabwe
Goobye interbank rate!…RBZ chief speaks on auction system
FARMERS, gold miners and other producers who have been crying foul over the 1:25 fixed interbank exchange rate have something to smile about as the Re...Published: 21 Jun 2020 at 08:15hrs | 4478 | by Staff Reporter
'Cash-rich' gold buyer invades Zimbabwe?
Confusion is reigning supreme in the gold sector over the existence of a licenced gold buyer who is reportedly paying more than the official price set...Published: 19 Jun 2020 at 08:30hrs | 11787 | by Staff reporter
Zimbabwe cost of living up 22%
THE cost of living in Zimbabwe ballooned by $1 554 to $8 726 by end of last month due to the influence of the parallel market on exchange rates, limit...Published: 02 Jun 2020 at 09:27hrs | 631 | by Staff reporter
Zimbabwe hyperinflation: ZASH the natural alternative
Covid-19 pandemic has been the worst crisis in this century. Many governments in the world are struggling to fight the pandemic which has drastically ...Published: 31 May 2020 at 10:09hrs | 1381 | by Sammy ChiyazMan
RBZ takes MDC advice on redollarization but....
At long last it has happened. The RBZ has finally announced in its ...Published: 27 Mar 2020 at 09:30hrs | 5239 | by Dr Tapiwa Maji-Marefu Mashakada Economist and MDC Secretary for Policy and Research
Mobile money agents to pay customers daily interest
EcoCash, OneMoney and Telecash must now pay interest on daily balances held by their customers at a rate equivalent to 50 percent of the prevailing yi...Published: 14 Mar 2020 at 08:21hrs | 2970 | by Staff Reporter
Reserve Bank of Zimbabwe to release US$120m for fuel
The Reserve Bank of Zimbabwe (RBZ) has earmarked US$120 million this month to import around 200 million litres of fuel for the general local currency ...Published: 04 Mar 2020 at 07:17hrs | 1463 | by Steve Grays
Zimbabwe: African Development Bank Executive Directors conduct consultative mission, tour project sites
HARARE - A seven-member delegation of Executive Directors of the African Development Bank (www.AfDB.org) visited Zimbabwe on a week-long fact-finding ...Published: 26 Feb 2020 at 13:30hrs | 556 | by APO
'Zimbabwe's economy most vulnerable in the region'
ZIMBABWE'S economy is vulnerable, with its growth trends now 2% below the average of sub-Saharan Africa's economic expansion, partly due to exchange r...Published: 16 Feb 2020 at 08:43hrs | 598 | by Staff reporter
Zimra targets US$ charging businesses to raise dollars
Zimbabwe's tax agency on Monday ordered businesses charging their customers in foreign currency to also settle their tax obligations in foreign curren...Published: 30 Jan 2020 at 09:05hrs | 905 | by Staff reporter
Zimra surpasses revenue target by 24,65%
THE Zimbabwe Revenue Authority (Zimra) says it surpassed its net revenue target by 24,65% to register $23,19 billion in the 2019 fiscal year, largely ...Published: 30 Jan 2020 at 09:02hrs | 293 | by Staff reporter
Month-on-month inflation sheds 0.91%
THE country's month-on-month inflation ended 2019 at 16,55 percent, shedding 0,91 percentage points on the November figure, data from the Zimbabwe Nat...Published: 16 Jan 2020 at 07:27hrs | 928 | by Tarisai Mudahondo
Reserve bank to inject 500m cash into circulation
The Reserve Bank of Zimbabwe (RBZ) plans to inject half a billion new notes and coins into circulation by the first half of this year, according to Fi...Published: 12 Jan 2020 at 08:07hrs | 3134 | by Dr Masimba Mavaza
World Bank forecast 2,7pc growth for Zimbabwe
The World Bank has forecast Zimbabwe's economy to grow by 2,7 percent this year, a growth that almost tallies with Finance Minister Mthuli Ncube's 202...Published: 10 Jan 2020 at 09:28hrs | 1617 | by Staff Reporter
Zimbabwe govt warned against printing money
Business leaders have warned government to desist from excessive money printing, as it is negatively affecting real growth.Inflation happens i...Published: 29 Dec 2019 at 11:38hrs | 10740 | by Staff Reporter
Mthuli Ncube says policy not finance will drive industrialisation
FINANCE and Economic Development Minister, Professor Mthuli Ncube, says revitalising the country's industries is hinged on policy reform and consisten...Published: 23 Dec 2019 at 07:59hrs | 2228 | by Staff Reporter
Central bank injects more notes into circulation
The Reserve Bank of Zimbabwe injected an additional $20 million of banknotes into circulation in the last week, with much of it channelled to the Peop...Published: 21 Dec 2019 at 07:37hrs | 1666 | by Staff Reporter
Mthuli Ncube to introduce $10, $20 notes
FINANCE minister Mthuli Ncube has hinted to Parliament that he will be introducing higher denominations of $10 and $20 notes in the near future....Published: 18 Dec 2019 at 08:53hrs | 7729 | by Staff Reporter
Indian investors flock to Zimbabwe
THE new dispensation's rallying call, that Zimbabwe is open for business, has roused the interest of Indian investors amid indications that investment...Published: 15 Dec 2019 at 09:17hrs | 1793 | by Staff Reporter
Ecobank in hot soup over cash abuse
Reserve Bank of Zimbabwe (RBZ) says Ecobank is responsible for releasing the wads of brand new notes circulating on social media. RBZ Governor...Published: 14 Nov 2019 at 17:10hrs | 3354 | by Staff Reporter
Zimbabwe eyes increased innovation systems for industry
The government is partnering the private sector and the academia in coming up with an innovation roadmap to boost the industrialisation of the e...Published: 03 Nov 2019 at 17:26hrs | 667 | by Staff reporter
RBZ caps cash-out at $100 per transaction with immediate effect
PRESS STATEMENT CASH-IN, CASH-OUT AND CASH-BACK FACILITIES 1. The Directive (NPS 01/2019) on c...Published: 02 Oct 2019 at 15:49hrs | 2197 | by RBZ
Zimbabwe needs higher productivity and exports
Reserve Bank of Zimbabwe deputy governor Dr Jesimen Chipika emphasised to chartered secretaries meeting in Victoria Falls last week that the governmen...Published: 30 Sep 2019 at 15:01hrs | 291 | by Agencies
Real exchange rate should be US$1: ZWL$5.6, says Mthuli Ncube
THE appropriate exchange rate between the Zimbabwean dollar and the United States dollar should hover around US$1:ZWL$5,6 based on "founded quantitati...Published: 24 Sep 2019 at 06:35hrs | 3939 | by Staff Reporter
Black market forex rates tumble
Government will not hesitate to descent on companies that fuel parallel market activities that have triggered massive price increases and erode people...Published: 22 Sep 2019 at 08:02hrs | 15229 | by Staff Reporter
ZIMRA CORRECTION: 'Tax-free threshold now $3500'
AS A MATTER OF FACT: CORRECTION OF POSSIBLE MISINTERPRETATION THAT MAY ARISE FROM THE ARTICLE PUBLISHED BY THE HERALD...Published: 20 Sep 2019 at 13:55hrs | 6500 | by Zimra
Old Mutual blocks CEO Moyo from returning to work again
(Bloomberg) - As Peter Moyo hung around Old Mutual Ltd.'s headquarters in Johannesburg getting a coffee, a staffer came up to him, hugged the on-and-o...Published: 09 Sep 2019 at 13:30hrs | 2304 | by Bloomberg
Finance 2019 Mid Year Fiscal Review - Summary
Finance 2019 Mid Year Fiscal Review...Published: 01 Aug 2019 at 14:51hrs | 5814 | by Staff Reporter
WATCH: 'Nothing has changed,' says Mthuli Ncube
Finance and Economic Development Minister Mthuli Ncube has said nothing has changed, the RTGS$ remains the local currency....Published: 24 Jun 2019 at 20:40hrs | 7998 | by Staff Reporter
Zimbabwe, UK firm partnership to boost local capital markets
ZIMBABWE'S capital markets, which have been confining investors to limited options as chronic challenges buffeting the imploding economy ate into comp...Published: 23 Jun 2019 at 17:28hrs | 1191 | by Staff Reporter
Rising demand pushes the ZSE
The Zimbabwe Stock Exchange (ZSE) climbed significantly during the week ended June 14 2019, on rising demand across the board. The market recorded gai...Published: 16 Jun 2019 at 09:43hrs | 921 | by Fungai Nyaungwa
RTGS$ plunges
Zimbabwe is nearing the much dreaded economic horrors of 2008 punctuated by hyperinflation, widespread shortages of foreign currency and fuel coupled ...Published: 21 Apr 2019 at 08:55hrs | 9892 | by Staff reporter
Zimbabwe trade registers $44,2m deficit
ZIMBABWE'S trade opened the year in the negative, registering a $44,2 million deficit in January, latest data from the statistics agency has shown....Published: 14 Mar 2019 at 05:28hrs | 1293 | by Staff Reporter
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