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Mangudya is a thief, he has devalued people's salaries
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya yesterday announced the eagerly awaited monetary policy for 2019, in which he liberalised the trade of foreign currency and effectively declared t...Published: 11 hrs ago | 6009 | by Staff reporter
'Zimdollar returns'
THE Reserve Bank of Zimbabwe (RBZ) has effectively brought back the local currency after denoting the existing electronic balances, bond notes and coins in circulation as real time gross settlement (R...Published: 12 hrs ago | 1463 | by Staff reporter
For economy to take off, we must take air out of inflation
What is inflation and why must we get it under control? What has been going wrong, and how are we putting things right? As an Economics Professor, its important I first explain the basics. In ...Published: 20 hrs ago | 1372 | by Prof Mthuli Ncube
BCC in financial dire straits
The Bulawayo City Council financials are in the red, a development officials equated to being technically insolvent. The crisis saw the local authority calling for an emergency financial perfo...Published: 20 hrs ago | 275 | by Staff reporter
New currency announced
Zimbabwe has introduced a new currency called the RTGS Dollars, the Reserve Bank of Zimbabwe Chief John Panonetsa Mangudya said during the Monetary Policy Statement delivered on Wednesday. ...Published: 20 Feb 2019 at 13:47hrs | 24204 | by Mandla Ndlovu
Zimbabwe Monetary policy highlights - RTGs now a currency
THE governor of the Reserve Bank of Zimbabwe (RBZ) Dr John Mangudya released the long-awaited Monetary Policy Statement (MPS) and below are the highights.-Interbank FX market.- Being establish...Published: 20 Feb 2019 at 13:40hrs | 3323 | by Staff reporter
Confusion reins over Mthuli Ncube's budget currency
CONFUSION still reins over Finance minister Mthuli Ncube's 2019 budget statement, which is in United States dollars, yet it remains unclear whether or not prescribed fines are payable in bond notes or...Published: 20 Feb 2019 at 10:05hrs | 5851 | by Staff reporter
'Mnangagwa legitimacy not on dialogue agenda'
THE legitimacy of President Mnangagwa will not form part of the agenda for the inter-party national dialogue as he was duly elected as Head of State and Government and his election was confirmed by th...Published: 19 Feb 2019 at 22:39hrs | 4459 | by Staff reporter
Government approves boarding fees hike
THE Government has approved an increase in boarding school fees following proposals by school authorities as a result of an increase in the prices of basic commodities. In some schools boardin...Published: 19 Feb 2019 at 22:35hrs | 3315 | by Staff reporter
Zimbabwe situation needs proper strategic development plan
We lack basic fundamentals to fulfil the benchmark of legitimacy and credibility. We need to correct a lot of things on the ground. We have so much potential, we simply need to pass the legitimacy tes...Published: 18 Feb 2019 at 16:11hrs | 1390 | by Tinashe Eric Muzamhindo
Mnangagwa and his love for expensive jets
At a time when Finance minister Mthuli Ncube is implementing austerity measures that have only brought more suffering to ordinary Zimbabweans, President Emmerson Mnangagwa is behaving as if he is from...Published: 18 Feb 2019 at 13:45hrs | 5261 | by Benjamin Manzini
2,4m Zimbabweans food insecure as drought, rising costs bite
The 150% fuel price hike that sparked mass public unrest across Zimbabwe last month sent the cost of living skyrocketing: the price of bread nearly doubled in a week.Worse is likely to come....Published: 18 Feb 2019 at 07:14hrs | 233 | by IRIN
3 reasons why it's all going wrong for Mnangagwa
HOW did things turn so bad for Zimbabwe's President Emmerson Mnangagwa?He won the disputed July 30 2018 elections, but even before the results were officially announced, protesters were being ...Published: 18 Feb 2019 at 07:09hrs | 1073 | by Stephen Chan
Mnangagwa to name Harare Minister this week
President Mnangagwa says he will appoint the Minister of State for Harare Metropolitan province this week. The Metropolitan province did not have a Minister of State since last year when Presi...Published: 18 Feb 2019 at 06:55hrs | 496 | by Staff reporter
Zimbabwe fuel marking will deter smuggling
Energy and Power Development Minister Joram Gumbo says his ministry has requested funding, potentially several millions of dollars from Treasury, to start fuel marking to curtail illegal activit...Published: 18 Feb 2019 at 06:50hrs | 451 | by Staff reporter
The panacea for future hydro-political conflicts: You-Me-Us!
You, me and us, saving water! The old adage is clear that prevention is better than cure, and indeed saving is better than expending to beg tomorrow. You care, I care and we care, but our care is litt...Published: 17 Feb 2019 at 23:05hrs | 258 | by Eugine Makaya (PhD)
Pre-monitory policy statement expectations
Expectations are high as the market awaits the presentation of the first monitory policy statement (MPS) of 2019 by the Reserve Bank of Zimbabwe in the coming days. The bank knows the weight of hyperi...Published: 17 Feb 2019 at 22:58hrs | 1031 | by Victor Bhoroma
Zimbabwe urgently needs own currency
THE drive for Zimbabwe to have its own currency is understandably gain-ing traction, particularly given the aberrations of price increases, multi-tier pricing and foreign currency shortages on the loc...Published: 17 Feb 2019 at 18:44hrs | 5098 | by Edmore Ndudzo
Zimbabwe's business people must actively consider running for Parliament,
Zimbabwe's business people must actively consider running for Parliament, a former United Nations under-secretary general has said, adding it would be their only path to influence public policy as the...Published: 17 Feb 2019 at 16:13hrs | 1086 | by Staff reporter
NRZ slashes commuter train fares
THE National Railways of Zimbabwe (NRZ) has announced that it is charging $1 for a return trip on its City-Cowdray Park route while its multiple ride ticket has been slashed to $5 from $9.NRZ ...Published: 17 Feb 2019 at 07:50hrs | 435 | by Staff reporter
Govt begins receiving applications for voluntary retirement
Government has begun accepting applications for voluntary retirement from civil servants as authorities move to trim its workforce and reduce costs.Voluntary retirement was identified as one o...Published: 17 Feb 2019 at 07:46hrs | 580 | by Staff reporter
Mnangagwa claims that fuel and wheat shortages already fixed
Government has made significant headway in dealing head-on with various challenges affecting the economy, and has since addressed fuel and wheat challenges, while satisfactory progress has been made i...Published: 17 Feb 2019 at 07:41hrs | 241 | by Staff reporter
Research key to economic development: Mnangagwa
PRESIDENT Emmerson Mnangagwa has pledged to continue supporting the Research Council of Zimbabwe to ensure it remains more robust in the co-ordination, promotion and supervision of research in the cou...Published: 16 Feb 2019 at 20:14hrs | 102 | by Staff reporter
Mangudya walks out of meeting with Mthuli Ncube
THERE was high drama after Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, in a fit of rage, tossed paper files at Finance minister Mthuli Ncube and walked out of a meeting, angrily slamming th...Published: 15 Feb 2019 at 15:37hrs | 19021 | by Staff reporter
'Is Mnangagwa's govt pro-poor or Queen B?'
MDC legislators on Wednesday grilled Justice, Legal and Parliamentary Affairs minister, Ziyambi Ziyambi over the effects of government's austerity measures while bigwigs are living an extravagant life...Published: 15 Feb 2019 at 14:42hrs | 1908 | by Staff reporter
Tsvangirai was duped by Mnangagwa
Opposition leader Nelson Chamisa revealed yesterday that his revered late predecessor, Morgan Tsvangirai, had died a bitter man after he was allegedly duped by President Emmerson Mnangagwa and his all...Published: 15 Feb 2019 at 14:03hrs | 2957 | by Staff reporter
Ncube, Mangudya policy tussle on monetary policy statement
POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main...Published: 15 Feb 2019 at 08:27hrs | 511 | by Brett Chulu
Time is right for alternative money
THE controversy surrounding the introduction of another local currency continues unabated. This time it was the former Finance minister, Tendai Biti, who ignited the current debate when he announced g...Published: 15 Feb 2019 at 08:24hrs | 250 | by Zimwara
Zimbabwe economy plunges into VUCA environment
Business leaders are frustrated with the inability to anticipate and handle the country's fragile and toxic economy which continues to implode, a situation which has left them in distress.This...Published: 14 Feb 2019 at 08:59hrs | 1768 | by Staff reporter
Floating of bond notes not a solution
Floating of the bond notes is not in itself the solution to the challenges currently bedevilling the Zimbabwean economy, but rather proper financial management fundamentals must be put in place as a w...Published: 14 Feb 2019 at 08:58hrs | 3593 | by Staff reporter
All aboard Zupco: Is this a rebirth or stillbirth?
This article is a follow-up to my previous one, Kombi nation: Re-imagining our urban transport system.In that article, I presented a number of options on how we could improve our public transp...Published: 14 Feb 2019 at 07:33hrs | 1415 | by Mike Murenzvi
Mudenda bemoans MPs' lack of economic literacy
SPEAKER of Parliament Advocate Jacob Mudenda has bemoaned lack of economic literacy among some of the Members of Parliament saying this was negating efforts to steer the country forward. Speak...Published: 14 Feb 2019 at 07:12hrs | 159 | by Staff reporter
Linda Masarira takes America head on
MDC-T spokesperson Linda Masarira has accused the United States of America of being a globally bully and self appointed prefect. Masarira accuses USA of looting American diamonds in Demo...Published: 13 Feb 2019 at 11:48hrs | 3857 | by Mandla Ndlovu
Zimbabwe students starving in foreign lands
Zimbabwean students who are on the presidential scholarship scheme are finding it difficult to get by because government is struggling to fund their needs.Thousands of students are on the pres...Published: 13 Feb 2019 at 10:17hrs | 1396 | by Staff reporter
2c tax yields $50m in January
TREASURY collected a total of $50 million in January 2019 alone through the two percent electronic transfer tax from the transacting public, a senior Government official has said. Accountant-G...Published: 12 Feb 2019 at 22:23hrs | 532 | by Staff reporter
Mnangagwa eyes 3 major roads per province
Government is targeting to construct or rehabilitate three major trunk roads in each of the country's 10 provinces using public-private partnerships (PPPs) and its own resources, Transport and Infrast...Published: 12 Feb 2019 at 07:25hrs | 666 | by Staff reporter
Major trunk roads set for rehab
Government is targeting to construct or rehabilitate three major trunk roads in each of the country's 10 provinces using public-private partnerships (PPPs) and its own resources. In an intervi...Published: 11 Feb 2019 at 15:07hrs | 2026 | by Staff reporter
Zimbabwe requires 4200MW to ensure electricity access
THE Zimbabwe Energy Council (ZEC) says that the country requires 4200 MW to ensure that both urban and rural areas are electrified.ZEC executive director Mr Panganayi Sithole said major power ...Published: 10 Feb 2019 at 05:51hrs | 251 | by Staff reporter
Mnangagwa targets ill-gotten wealth
GOVERNMENT has begun crafting a law to provide a legal standing to probe and seize wealth from individuals suspected to have clandestinely accumulated riches.Last year, President Emmerson Mnan...Published: 10 Feb 2019 at 05:46hrs | 426 | by Staff reporter
Mnangagwa approves task forces
PRESIDENT Mnangagwa has approved the establishment of task forces to oversee the execution of certain priority development projects and programmes, the Chief Secretary to the President and Cabinet, Dr...Published: 09 Feb 2019 at 07:06hrs | 1541 | by Staff reporter
Charamba urges Chamisa to drop his opposition to dialogue
PRESIDENT Emmerson Mnangagwa's spokesperson yesterday said the leader of the opposition MDC Nelson Chamisa "risked missing the bus" if he failed to pitch up for talks.This comes as under-fire ...Published: 08 Feb 2019 at 14:29hrs | 6082 | by Staff reporter
Teachers' unions tell members to 'intensify' strike
The government on Thursday ratcheted up pressure on striking teachers, saying it will dock their salaries for hours not worked.The government move came on the same day that the two largest uni...Published: 08 Feb 2019 at 10:56hrs | 2697 | by ZimLive
'Zimbabwe to introduce domestic currency'
Zimbabwe will reintroduce domestic currency only when conditions are ripe and critical economic fundamentals are in place since using the US dollar as an anchor currency is now unsustainable, accordin...Published: 08 Feb 2019 at 09:04hrs | 7061 | by Business weekly
'Gukurahundi commission can't probe military crimes against civilians'
AMID high political temperatures, violent protests and a military crackdown on civilians, the National Peace and Reconciliation Commission (NPRC) is seized with the mammoth task of healing a wounded n...Published: 08 Feb 2019 at 08:52hrs | 659 | by Staff reporter
Mthuli Ncube meets IMF team
Finance and Economic Development Minister Professor Mthuli Ncube yesterday held "very open" conversations with a team from the International Monetary Fund (IMF), which is in the country to discuss a r...Published: 08 Feb 2019 at 08:37hrs | 564 | by Staff reporter
Austerity shocks to subside in 6 months
Painful shocks from ongoing economic reforms will substantially subside after six months, as the period prior coincides with the implementation of most interventions Government is instituting to stabi...Published: 08 Feb 2019 at 08:33hrs | 250 | by Staff reporter
Zimbabwe on course to clear debts
Zimbabwe is on course to clear obligations to international financial institutions (IFIs), with the Government already in talks with creditors over bridging finance to settle the debts, Finance and Ec...Published: 08 Feb 2019 at 08:31hrs | 173 | by Staff reporter
'Mnangagwa is insicere and selfish'
Mnangagwa's dialogue is an in-genuine, insincere and selfish attempt to save face for his gross failure to implement his much touted reforms; political, economic, constitutional and governance reforms...Published: 08 Feb 2019 at 07:32hrs | 3191 | by Makomborero Haruzivishe
Return of the Zimdollar?
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is due to release the monetary policy and the policy position is highly anticipated against the sustained monetary related macro-economic defi...Published: 07 Feb 2019 at 15:00hrs | 7251 | by Respect Gwenzi
Perm Sec recalled over growing rift with minister
The minister of Public Service, Labour and Social Welfare, Sekai Nzenza, has surrendered back her permanent secretary, Judith Kateera, after the two clashed over the running of the crucial government ...Published: 07 Feb 2019 at 08:06hrs | 7264 | by Staff reporter
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