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Zimbabwe wheat stuck in Mozambique
Aconsignment of 30 000 metric tonnes of wheat which was sourced from Lithuania by the Grain Millers' Association of Zimbabwe (GMAZ) is stuck at Beira port in Mozambique after the Reserve Bank of Zimba...Published: 06 Jan 2019 at 10:14hrs | 946 | by Staff reporter
Delta debacle: Dialogue key
The debacle between Government and Delta Corporation over the latter's announcement that it intended to price its products in foreign currency, brings to the fore the dire need for a social contract b...Published: 06 Jan 2019 at 09:43hrs | 312 | by Africa Moyo
Zimbabwe's muscle-conomics: The Case of Delta and Civil Servants
In a joint press release on January 3 by the central bank and Delta Corporation, whose arm is the country's biggest beverages maker, backtracked on its decision to sell its products in hard currency. ...Published: 04 Jan 2019 at 13:40hrs | 4937 | by Robert Sigauke, Political Commentator, Cape Town
Zimbabwe has potential to become economic giant
When I listened to the remarks to the Press by Finance and Economic Development Minister Dr Mthuli Ncube after he was sworn in last September, I shared the same sentiments and fully supported him, lik...Published: 04 Jan 2019 at 09:19hrs | 706 | by Noah Manyika
Dembare president refuses to go
A STORM is brewing in the Dynamos camp after club president Solomon Sanyamandwe yesterday refused to be pushed out of the Glamour Boys when he was handed a letter notifying him that his position has b...Published: 04 Jan 2019 at 09:12hrs | 959 | by Staff reporter
How to win two slot machine progressive jackpots
What could be better than winning the jackpot on a slot machine? You guessed it - winning two jackpots in a single game! That's exactly what Jackpot King offers - a unique community prize pool where e...Published: 03 Jan 2019 at 13:07hrs | 738 | by Staff Reporter
Mnangagwa's Minister to meet Delta over US dollar prices
DELTA Corporation yesterday said it would start selling all its products in foreign currency with effect from tomorrow, a decision described by the Government as unacceptable and illegal. Anal...Published: 03 Jan 2019 at 09:11hrs | 1924 | by Staff reporter
Mnangagwa's ministers fail 2018 ratings
As Zimbabweans waved goodbye to 2018 yesterday, and awaited with much trepidation the dawn of the new year, in the light of the country's deepening economic woes, the Daily News - as per its rich annu...Published: 02 Jan 2019 at 14:20hrs | 1157 | by Staff reporter
Strive Masiyiwa funding ex-ZANU PF chair divorce?
Telecommunications guru Strive Masiyiwa is funding the wife of former Masvingo ZANU PF Chairperson Daniel Shumba it has been alleged.The revelations came when exiled businessman Mutumwa Mawe...Published: 02 Jan 2019 at 15:00hrs | 11928 | by Mandla Ndlovu
Chamisa's messy takeover and other 2018 highlights
AFTER nearly 40 years of former guerrilla leader Robert Mugabe's rule, 2018 opened with the successor he did not want, President Emmerson Mnangagwa, consolidating his rule and embarking on a global ch...Published: 31 Dec 2018 at 18:04hrs | 241 | by Staff reporter
Zimbabwe currency confusion
The three-tier pricing system prevailing in the country is very confusing and frustrating, and is making the majority of people wonder if anyone really is in control of the economy. The government app...Published: 21 Dec 2018 at 10:52hrs | 2765 | by Miriam T Majome
Mthuli Ncube's Rand option dilemma as currency crisis worsens
FINANCE minister Mthuli Ncube, who has publicly said joining South Africa's Multilateral Monetary Area could be a solution to Zimbabwe's currency crisis, is agonising over currency reforms, as it dawn...Published: 13 Dec 2018 at 20:01hrs | 12447 | by Staff reporter
Mutumwa Mawere was a ZANU PF front?
A Zimbabwean activist Rutendo Matinyarare has accused business tycoon Mutumwa Mawere of being a beneficiary of ZANU PF's political patronage which saw him owning over 27 blue chip companies in Z...Published: 13 Dec 2018 at 12:10hrs | 2942 | by Mandla Ndlovu
Prophet Makandiwa advises govt to adopt rand
The church has also waded into the economic debate with United Family International Church leader Prophet Emmanuel Makandiwa weighing into the growing calls for government to consider the option of us...Published: 03 Dec 2018 at 16:59hrs | 4707 | by Staff Reporter
Mnangagwa blocks Mthuli Ncube from hiring MDC-T kingpin
In yet another controversy that has engulfed problems-prone Finance minister Mthuli Ncube, President Emmerson Mnangagwa has blocked him from appointing economist and former opposition kingpin - Eddie ...Published: 03 Dec 2018 at 09:49hrs | 15276 | by Staff reporter
Mthuli Ncube blocked from appointing Eddie Cross
In yet another controversy that has engulfed problems-prone Finance minister Mthuli Ncube, President Emmerson Mnangagwa has blocked him from appointing economist and former opposition kingpin - Eddie ...Published: 03 Dec 2018 at 07:07hrs | 3352 | by Staff reporter
Zimbabwe Treasury Bills rollover triggers market panic
FINANCE minister Mthuli Ncube's engagement with market players to explore options for restructuring the Treasury Bills (TBs) to longer tenure - effectively rollovers of maturities - and surging inflat...Published: 30 Nov 2018 at 09:48hrs | 393 | by Staff reporter
Mnangagwa's false start
AS undergraduates in our day, one of the most cynical commentaries on post-independent Africa was French writer, Rene Dumont's book False Start in Africa (1966).Those were the years of militar...Published: 23 Nov 2018 at 06:29hrs | 2724 | by Ibbo Mandaza
Zimbabwean banker loses SA home over $4.5 million debt
FORMER Trust Bank director Christopher Goromonzi lost his plush Johannesburg home after it was auctioned to offset a reported $4,5 million debt he owes a South African bank, it has been learnt....Published: 23 Nov 2018 at 05:48hrs | 2655 | by Staff reporter
Mnangagwa's anti-graft fight unconvincing
FOR splurging £16 million (US$21 million) on pricey jewellery and vintage wines over a decade, a British woman became the first target of a law seeking to dissuade criminals from enjoying their ill-g...Published: 16 Nov 2018 at 12:46hrs | 1850 | by Staff reporter
Mnangagwa risks capture by corporate leaders
PRESIDENT Emmerson Mnangagwa's idea that the industrialists and bankers he met on October 29, 2018 should constitute and second some advisers from within their ranks to his office stinks of inviting c...Published: 16 Nov 2018 at 06:02hrs | 2400 | by Brian Sedze
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: 14 Nov 2018 at 15:10hrs | 3575 | 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 | 2219 | 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 | 8740 | 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 | 517 | 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 | 1071 | 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 | 1125 | 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 | 4062 | 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 | 11332 | 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 | 133 | 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 | 3381 | 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 | 3464 | 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 | 2064 | 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 | 3298 | 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 | 2222 | 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 | 5761 | 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 | 1570 | 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 | 5499 | 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 | 2189 | 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 | 22296 | 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 | 5672 | 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 | 1077 | 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 | 1052 | 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 | 8579 | 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 | 896 | 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 | 870 | 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 | 2137 | 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 | 10076 | 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 | 14801 | 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 | 4487 | by Staff reporter
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