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A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 7 hrs ago | 1500 | by newZwire with The Source
Ncube needs consistency
Finance minister Mthuli Ncube will present his maiden National Budget next week Thursday against a background of huge economic challenges and public expectation that he is the man to help Zimbabwe out...Published: 13 Nov 2018 at 11:28hrs | 2072 | by Staff reporter
Panic as Mnangagwa targets cash barons' bank accounts
BOGUS businesspersons operating briefcase companies that fed on government tender manipulation and kickbacks to amass wealth are reportedly in panic mode after the State said it would use the Zimbabwe...Published: 12 Nov 2018 at 05:48hrs | 8536 | by Staff reporter
Mnangagwa pleads with banks over farmers
President Emmerson Mnangagwa has urged banks and the private sector to fully support farmers who are struggling because of the prevailing economic situation in the country.Responding to a plea...Published: 11 Nov 2018 at 16:26hrs | 489 | by Sytaff reporter
Is Tobin tax regime helpful?
Against the backdrop of the ongoing debate and rhetoric about the recently proposed 2% transaction tax which was announced by Finance minister Mthuli Ncube, ostensibly to widen Zimbabwe's tax base....Published: 09 Nov 2018 at 06:21hrs | 1050 | by Colls Ndlovu
Zinara officials use personal bank accounts for business
The Zimbabwe National Road Administration (Zinara) and National Oil Infrastructure Company of Zimbabwe (NOIC) were using personal bank accounts for employees outside Harare to administer cash transact...Published: 09 Nov 2018 at 05:00hrs | 1107 | by Staff reporter
Banks fear hyperinflation return in plea for Zimbabwe reforms
Zimbabwean banks urged the government to introduce wide-ranging reforms amid signs the country is facing an economic crisis reminiscent of a hyper-inflationary spiral a decade ago.Finance Mini...Published: 08 Nov 2018 at 19:13hrs | 4039 | by Bloomberg
Terence Mukupe relocates to Mozambique?
There has been high speculation that Former Finance deputy minister Terence Mukupe has relocated to Mozambique after he posted a Facebook picture of himself in Beira and captioned it: I love my new ho...Published: 06 Nov 2018 at 09:02hrs | 11238 | by Mandla Ndlovu
Zimbabwe should take advantage of Intra-African Trade Fair'
FINANCE minister Mthuli Ncube yesterday said Zimbabwe should take advantage of the upcoming Intra-African Trade Fair (IATF) set for next month in Egypt to improve export market diversification and tap...Published: 06 Nov 2018 at 05:42hrs | 128 | by Staff reporter
Lumumba to be probed by ZAAC?
More details have emerged of rabble-rousing influence peddler William Gerald Mutumanje's recent hatchet job on top Reserve Bank of Zimbabwe (RBZ) officials and businessman Kudakwashe Tagwirei - all of...Published: 05 Nov 2018 at 13:41hrs | 3361 | by Staff reporter
Mnangagwa says Mangudya beyond reproach
Despite explosive broadsides being fired at the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, the 55-year-old neoclassical economist-turned banker will stay on in his job until February 2023....Published: 04 Nov 2018 at 12:43hrs | 3448 | by Staff reporter
The ball is now in Mnangagwa's court
The banking sector - which plays a vital role in financial intermediation as well as other critical functions which collectively are the lifeblood of the economy - should be commended for presenting a...Published: 03 Nov 2018 at 12:57hrs | 2054 | by Editorial - The Independent
You shall not crucify Zimbabwe on a cross of bond notes
RECENT dramatic events arising from allegations that certain officials of the Reserve Bank of Zimbabwe (RBZ) have been involved in currency malfeasance using the bond note as their lever to execute tr...Published: 03 Nov 2018 at 08:08hrs | 3288 | by Colls Ndlovu
'Sanctions costed 10s x1000s new jobs' argues Masiyiwa - rigged elections millions old and new
Many people held Strive Masiyiwa in high regard, not until the heard him say "Mnangagwa was sincere" in seeking meaningful political and economic change in Zimbabwe. Masiyiwa also argued that the sanc...Published: 02 Nov 2018 at 08:01hrs | 2213 | by Nomusa Garikai
Strive Masiyiwa 'angrily' hits back at critics
Econet boss, Strive Masiyiwa has hit back at his Twitter critics who say his statement calling for an end to sanctions is cruel and misguided. And he's very angry! Masiyiwa has limited his response to...Published: 01 Nov 2018 at 18:14hrs | 5733 | by Ndou Paul
Mangudya's tenure to be extended
PRESIDENT Mnangagwa is clear on the performance of Reserve Bank of Zimbabwe Governor, Dr John Mangudya and is about to renew his contract for a second tenure, Deputy Chief Secretary in the Office of t...Published: 01 Nov 2018 at 15:48hrs | 1564 | by Staff reporter
Mnangagwa linked Zuva still has fuel service licence
Yesterday we reported that the government revoked service stations licence for Zuva Petroleum accusing the company o...Published: 31 Oct 2018 at 09:19hrs | 5294 | by Ndou Paul
Dembare suspends Nkhatha
THE Dynamos management have moved to clamp down on simmering indiscipline after they suspended four players yesterday, including former Warriors striker Kingston Nkhatha who joined them two months ago...Published: 31 Oct 2018 at 06:25hrs | 2132 | by Staff reporter
Mnangagwa confronted over Lumumba
President Mnangagwa yesterday held candid discussions with captains of industry, retailers, bankers and consumers with a view to locate challenges and possible solutions to problems faced in prod...Published: 30 Oct 2018 at 05:51hrs | 22166 | by newzimbabwe.com
Mnangagwa cornered over deteriorating economy
PRESIDENT Emmerson Mnangagwa yesterday met captains of industry to tackle challenges in the economy, but the meeting failed to come up with solutions, according to people with knowledge of the meeting...Published: 30 Oct 2018 at 05:33hrs | 5650 | by Staff reporter
Dembare rocked by indiscipline
DYNAMOS' desperate bid to fight against relegation is under threat from a fresh crisis amid reports of unrest and indiscipline being instigated by a clique of some players whom the Harare giants' chie...Published: 30 Oct 2018 at 05:23hrs | 1060 | by Staff reporter
Mnangagwa tells Zimbabweans, 'Don't panic'
PRESIDENT Mnangagwa has urged depositors not to panic over the value of their Real Time Gross Settlement (RTGS) balances and bond notes as there is no change in policy to warrant offloading them. ...Published: 30 Oct 2018 at 05:14hrs | 1051 | by Staff reporter
Mnangagwa is meeting bankers at State House
President Emmerson Mnangagwa is meeting bankers, captains of industry and commerce among other guests at State House this morning.In his opening remarks, President Mnangagwa said the multi-cur...Published: 29 Oct 2018 at 10:11hrs | 8559 | by Staff reporter
Mnangagwa meets business leaders
PRESIDENT Emmerson Mnangagwa will meet members of the business community at State House in Harare tomorrow for a "predominantly interactive" session that seeks to tap industry's views as Government sh...Published: 28 Oct 2018 at 08:00hrs | 889 | by Staff reporter
Which way Zimbabwe economy?
Zimbabwe's economy now resembles a dog's breakfast. There's panic, uncertainty and speculation. Prices of basic commodities are rising and nobody seems to care. Fuel is in a fictitious short supply. M...Published: 26 Oct 2018 at 07:11hrs | 866 | by Dr Masimba Mavaza
Mthuli Ncube proposes belt tightening measures
TREASURY has proposed to drastically reduce the Budget deficit in 2019 through interventions such as limiting Government borrowing from the central bank, tightening of Treasury Bills issuances and cut...Published: 26 Oct 2018 at 06:43hrs | 2136 | by Staff reporter
Mthuli Ncube on a trajectory of vendettas?
We received this article from a senior banker at the Reserve Bank of Zimbabwe, supporting his colleagues who are facing corruption allegations. We are withholding his...Published: 23 Oct 2018 at 07:58hrs | 10029 | by The Banker
Mnangagwa's patience with Mangudya wearing thin
PRESIDENT Emmerson Mnangagwa's patience with the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya could be wearing thin, NewZimbabwe reported. Mnangagwa has failed to hide his annoyance with his ...Published: 22 Oct 2018 at 07:40hrs | 14741 | by Staff reporter
Mthuli Ncube calls for political reforms
Finance minister Mthuli Ncube has urged the government to be receptive to the reform demands of the opposition and Western powers - as this will enable Zimbabwe to access help from overseas companies ...Published: 20 Oct 2018 at 08:41hrs | 4457 | by Staff reporter
Zanu-PF bigwigs to sink in forex crackdown
A crackdown against foreign currency dealers will be rolled out in a few days and is expected to leave top executives in banks, companies and State institutions behind bars, Business Times has learnt....Published: 18 Oct 2018 at 07:32hrs | 12730 | by Staff reporter
Mthuli Ncube fuelled parallel market rates, price increases
UNCERTAINTY hangs over the future of bond notes and real time gross settlement (RTGS) transfers, as more businesses are rejecting the two payment methods and the economy is effectively re-dollarising....Published: 11 Oct 2018 at 18:20hrs | 5025 | by Staff reporter
Cooking oil producers say supply is adequate
At a time the country is battling cooking oil shortages, oil producers say they have sufficient crude oil to meet demand.United Refineries, the edible oils producer said it received close to 1...Published: 11 Oct 2018 at 06:45hrs | 1769 | by Staff reporter
Sustainable key ideas of resuscitating Zim economy
There is a huge gap between demand and supply. Our economy mainly survive on borrowing and imports. We have imports more than exports and therefore our balance of payments are in red. Zimbabweans must...Published: 10 Oct 2018 at 10:01hrs | 928 | by Tinashe Eric Muzamhindo
Banker's son killer jailed
A ROBBER who was found in possession of a gun that killed top banker Joshua Tapambgwa's son, David during a robbery in July, was yesterday sentenced to one year imprisonment for contravening sections ...Published: 09 Oct 2018 at 07:06hrs | 1417 | by Staff reporter
Mthuli Ncube fails to douse the fire
Jittery Zimbabweans say Finance minister Mthuli Ncube's humiliating back pedalling on Friday - on his much-criticised two cents per transacted dollar tax - was "too little, too late" because the count...Published: 07 Oct 2018 at 12:52hrs | 1954 | by Staff reporter
Mthuli Ncube's austerity measures target civil servants
FINANCE minister Mthuli Ncube wants to cut the civil service wage bill by $200 million in the next two years as the government battles to rescue the economy from collapse.Ncube is keen to whit...Published: 07 Oct 2018 at 08:49hrs | 2292 | by Staff reporter
Mthuli Ncube warns of more pain ahead
Finance minister Mthuli Ncube has warned Zimbabweans to brace for more pain as he tries to pull the country's tottering economy out of its current state.The well-regarded former banker has als...Published: 06 Oct 2018 at 13:10hrs | 7760 | by Staff reporter
Mthuli Ncube in tax climbdown
FINANCE Minister Mthuli Ncube yesterday unveiled several exemptions to the tax on monetary transfers saying the 2 cents per dollar tax will only apply to transactions of $10 and above while intra-comp...Published: 06 Oct 2018 at 09:04hrs | 763 | by Staff reporter
First Mutual seeks Meikles liquidation
FIRST Mutual Holdings (FMH) Limited has petitioned the High Court seeking liquidation of the Zimbabwe Stock Exchange (ZSE)-listed Meikles Limited after the latter allegedly failed to settle a five-yea...Published: 02 Oct 2018 at 09:49hrs | 414 | by Staff reporter
Case for return of Zimdollar
In year 2014, I wrote an article explaining why the government should bring back our own local currency, and I was bashed by all and sundry. I am expecting the same reaction in response to this articl...Published: 02 Oct 2018 at 09:48hrs | 1533 | by Ayanda Nyanga
RBZ boss faces reality check
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya today finds himself literally skirting on thin ice as he presents his first post-election monetary policy statement with all sectors of the econom...Published: 01 Oct 2018 at 06:52hrs | 1511 | by Staff reporter
Zimbabwe still awaits mega deals
LOCALLY, thousands have called him a hero for toppling the only leader Zimbabwe has known for almost four decades.Abroad, investors are, for the first time in decades, considering Zimbabwe as ...Published: 30 Sep 2018 at 20:38hrs | 1387 | by Staff reporter
Mnangagwa ally denied bai in Germanyl, faces extradition
PRESIDENT Emmerson Mnangagwa's ally Zunaid Moti has been denied bail in Germany and could next month be extradited to Russia to face fraud charges.The controversial South African businessman, ...Published: 30 Sep 2018 at 20:33hrs | 2538 | by Staff reporter
Zimbabwe's state of emergency
I CAN recall times when a state of emergency was declared and almost always it was in response to violence or political events.But when conditions reach the point where the very livelihoods of...Published: 26 Sep 2018 at 16:35hrs | 1806 | by Eddie Cross
Vendors key part of Zimbabwe's informal economy
THERE'S no debate that vendors had become an eyesore and somehow a nuisance on the streets of urban centres around Zimbabwe, because of their tendency to invade pavements and large swathes of streets ...Published: 26 Sep 2018 at 11:31hrs | 542 | by Staff reporter
RBZ boss' job is on the line
RESERVE Bank of Zimbabwe Governor John Mangudya's job is on the line, NewZImbabwe.com reported.President Emmerson Mnangagwa visited the RBZ unannounced last week, sparking further speculation ...Published: 25 Sep 2018 at 09:05hrs | 9765 | by Staff reporter
Zimbabweans in diaspora ready to build country
Zimbabweans in the diaspora stand ready to participate in the new dispensation to rebuild the country after nearly two decades of economic stagnation and regression under the previous administration. ...Published: 23 Sep 2018 at 17:06hrs | 2478 | by Nobleman Runyanga
American investors express massive interest in Zimbabwe
Having long written off Zimbabwe as one of the world's least appealing economies, international investors are beginning to show signs of interest in Zimbabwe, newly appointed Finance minister Mthuli N...Published: 23 Sep 2018 at 14:21hrs | 1454 | by Staff reporter
Mthuli Ncube promises new currency
Finance minister Mthuli Ncube says government is drafting reforms that will see Zimbabwe eventually introducing its own currency.Ncube, who is in New York for the United Nations General Assemb...Published: 23 Sep 2018 at 09:05hrs | 9016 | by Staff reporter
Mthuli Ncube striking the right note
Finance minister Mthuli Ncube has hit the ground running, infusing some urgency into President Emmerson Mnangagwa's administration in dealing with Zimbabwe's multi-layered economic crisis.Ncub...Published: 23 Sep 2018 at 09:02hrs | 1152 | by Editorial - The Standard
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