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Festive Crackdown or Festive Crisis? How Mthuli Ncube's Policies Punish the Poor
The Zimbabwean government, under the stewardship of Finance Minister Mthuli Ncube, has launched a door-to-door crackdown to confiscate smuggled goods. This initiative, introduced during the festive se...Published: 20 Dec 2024 at 10:09hrs | 155 | by Kindred Sibanda
ZiG Currency: Catalyzing Zimbabwe's Middle-Income Pursuit - Empowering Economic Well-being
Zimbabwe has taken a crucial step in revitalizing the economy and instilling trust in the financial sector by introducing the groundbreaking Zimbabwean Gold-backed Dollar (ZiG) as the official replace...Published: 10 Apr 2024 at 22:17hrs | 3 | by Elvis Dzvene
Govt descends on price manipulators
THE Consumer Protection Commission (CPC) will soon impose heavy fines on retailers that have not reduced prices of their goods in line with movements of the exchange rate on the interbank market....Published: 09 Jul 2023 at 10:30hrs | 9 | by Staff reporter
Zimdollar plunges to record low
Zimbabwe's currency plunged to a record in the unauthorised market on Monday after the government urged suppliers not to buy foreign currency with payments recently received from the government....Published: 10 Jan 2023 at 18:25hrs | 2 | by Staff reporter
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 4 | by Staff reporter
Dollar o'clock: Should Zimbabwe axe its faltering currency again?
IN early 2019, Zimbabwe's central bank announced plans to bring back the Zimbabwe dollar as legal tender after a decade of using the US dollar and seven other international currencies because raging h...Published: 11 May 2022 at 09:11hrs | 1 | by Staff reporter
'New forex measures could trigger civil unrest'
WORKERS' representatives yesterday said the new foreign currency measures could trigger civil unrest as workers demand salary hikes to match the rising cost of living.Government last week prom...Published: 01 Jun 2021 at 08:11hrs | | by Staff reporter
Businesses warned for flouting forex auction rate
GOVERNMENT has condemned the practice by some businesses to charge people paying in local currency using rates that are above the foreign currency auction rate. Most shops are not adhering to ...Published: 26 Aug 2020 at 07:07hrs | | by Staff reporter
ZCTU calls for urgent TNF meeting
IN the face of sky-rocketing prices of basic commodities against stagnant salaries, the Zimbabwe Congress of Trade Unions (ZCTU) has asked Labour minister Sekesai Nzenza to convene an urgent meeting o...Published: 20 Jun 2019 at 08:00hrs | | by Staff reporter
Parallel market exchange rates tumble
PARALLEL market exchange rates have tumbled from a peak of US$1:RTGS$9 recently and remain frozen at US$1:RTGS$6 since last week amid indications the rate could drop further after Government secured a...Published: 05 Jun 2019 at 07:52hrs | | by Staff reporter
Zimbabwe's perpetual struggle with forex black market
AS Zimbabwe continues battling a boisterous foreign currency black market, there are strong signs that a parallel goods markets will soon emerge.Notwithstanding the distinguishable history of ...Published: 31 May 2019 at 08:06hrs | 1 | by P Masamha
Zimbabwe's new currency, a maxi-devaluation
Until February 20, Zimbabwe produced a quasi-currency. It was dubbed a "Zollar". On February 20, the quasi-currency became Zimbabwe's official currency. This new currency is called RTGS dollars and co...Published: 08 Mar 2019 at 07:13hrs | 11 | by Steve H Hanke
Zimbabwe urged to adopt currency board
ZIMBABWE should introduce an independent currency board which would stop the Reserve Bank of Zimbabwe (RBZ) from controlling the foreign currency exchange rate, an industry expert has said.In ...Published: 04 Mar 2019 at 07:25hrs | 1 | by Staff reporter
Exposed: The men who are causing mass suffering in Zimbabwe
The Reserve Bank Governor gave a monetary policy statement which was exactly two months late. The delay was caused by a power struggle within those in finance corridors of power namely the minister of...Published: 25 Feb 2019 at 07:36hrs | 3 | by Dr Masimba Mavaza
Government cautious as fuel supply stabilises
Energy and Power Development Minister Joram Gumbo says Government remains cautiously optimistic that the fuel situation in the country has stabilised on the back of improved availability and shorter q...Published: 04 Feb 2019 at 22:28hrs | 1 | by Staff reporter
Mnangagwa's sugarcandy mountain
The decision by the Zimbabwe government to increase fuel price is insane and unrelated to the underlying causes of fuel shortages but everything to do with benefiting the ruling gang of vampire elites...Published: 13 Jan 2019 at 15:17hrs | 2 | by Sam Wezhira
Mnangagwa is in office but not in power
Emmerson Mnangagwa's presidency is characterised by passiveness, indecisiveness and escalating fuel shortages, looming strikes from civil servants, electricity black-outs and outbreaks of waterborne d...Published: 08 Jan 2019 at 11:15hrs | 2 | by Frazer Muzondo
Zimbabwean fuel shortages exposes ED's softness
If there is a year which every person wishes it goes and never to be remembered again is 2017. Zimbabwe has and is still suffering unprecedented fuel shortages. Queues of more than five miles had seiz...Published: 29 Dec 2018 at 00:41hrs | 1 | by Dr Masimba Mavaza
Where are you Mr President ED Mnangagwa
First off, let me confess that I was the happiest man to see you ascend to the post of the President of Zimbabwe but that euphoria is quickly running thin.My dismay has many sources but today ...Published: 16 Nov 2018 at 15:14hrs | | by Sam Wezhira
Japan supports Zimbabwe in cybercrime fight
Japan is set to extend grant aid of $3,6 million (390 million yen) to Zimbabwe for the provision of cyber security equipment. The equipment will be used by the Zimbabwe Republic Police in conj...Published: 13 Nov 2018 at 05:45hrs | 1 | 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 | | by Dr Masimba Mavaza
Zimbabwe economy on the mend
Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube's first week i...Published: 18 Sep 2018 at 07:32hrs | 3 | by Dr Masimba Mavaza
A few suggestions to the knowledgeable Prof Mthuli Ncube from a keen fellow Economist
I am grateful that the key Ministry of Finance has been judiciously assigned to Prof Mthuli Ncube at a time such as this. I believe the Minister is well on course to transform the country's economic f...Published: 10 Sep 2018 at 07:21hrs | | by Prosper Munyedza
Suggestions to Prof Mthuli Ncube from a keen fellow Economist
I am grateful that the key Ministry of Finance has been judiciously assigned to Prof Mthuli Ncube at a time such as this. I believe the Minister is well on course to transform the country's economic f...Published: 10 Sep 2018 at 07:16hrs | 1 | by Prosper Munyedza
Mnangagwa's likely trajectory
THE most significant political fact about Zimbabwe today is that it is mired in a complex and turbulent multi-dimensional transition of which the just-ended elections were a part. The bitterly contest...Published: 01 Sep 2018 at 13:48hrs | 2 | by Eldred V Masunungure
Police tighten noose on Grace Mugabe
Police have intensified investigations into a case in which former First Lady Mrs Grace Mugabe allegedly smuggled ivory worth millions of dollars to underground foreign markets.Sources close t...Published: 06 Apr 2018 at 06:42hrs | | by Staff reporter
Police probe Grace Mugabe ivory deals worth millions
Police are investigating former First Lady Mrs Grace Mugabe for allegedly smuggling ivory worth millions of dollars to underground foreign markets, the state media reported on Sunday.Parks and...Published: 25 Mar 2018 at 06:03hrs | | by Staff Reporter
'Bond notes removal will stabilise prices'
THE solution to the wanton price increases for basic commodities in the country lies in the use of a proper currency and not bond notes, analysts have said.They said the setting up of an ad ho...Published: 21 Jan 2018 at 11:16hrs | 1 | by Staff reporter
Mugabe's govt flirts with price controls
PRESIDENT Robert Mugabe's government this week announced a major step towards price controls, placing 16 products under a monitoring list and triggering fears of imminent shortages.Although th...Published: 09 Nov 2017 at 05:53hrs | 4 | by Staff reporter
Dictators like Mugabe never learn
I want to remind Mr Mugabe that prices are rising because of uncertainty and difficulties in procuring supplies as the result of his currency manipulation; any draconian measures he is planning are un...Published: 27 Sep 2017 at 23:09hrs | | by Sam Wezhira
$3 million rhino horns missing at ZimParks
Fifty-six rhino horns worth US$3 million vanished from Zimbabwe Parks and Wildlife Management Authority stores in Harare, a board of inquiry has found.The board of inquiry wants former ZimPark...Published: 14 May 2017 at 15:10hrs | 1 | by Staff reporter
Watch: News with Brett MuVet on 'bond paper money', Zvihuta and digging deeper
GOVERNMENTS BAN ON KEEPING QUAIL, INTRODUCTION OF NEW BOND PAPER MONEY AND THE ISSUE OF SOME PEOPLE DIGGING DEEPER. https://www.youtube.com/watch?v...Published: 10 May 2016 at 06:17hrs | | by Brett MuVet
Nyongola to release another gospel thriller
HIGH-ridding Bulawayo gospel musician Dumisani Nkomo affectionately in entertainment circles as Dumie is set to release a sizzling gospel album to be launched in neighboring South Africa next in June....Published: 09 Apr 2016 at 00:27hrs | | by Arts Correspondent
The day the Zimbabwean dollar died
LATELY, national focus and debate has been on breathtaking malfeasances affecting key institutions of our country. The names which have stood largest in that whole debate have been ZBC, PSMAS, M...Published: 02 Feb 2014 at 13:00hrs | 2 | by Nathaniel Manheru
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