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I'm not prepared to continue suffering until 2030!
Zimbabwe, under President Emmerson Mnangagwa, has sank deeper into poverty.Granted, when President Emmerson Mnangagwa took power in November 2017 through a military coup, Zimbabwe was already ...Published: 10 Feb 2025 at 22:56hrs | 1193 | by Tendai Ruben Mbofana
Only 30% of Zimbabwe Gold (ZiG) released to the market
The Reserve Bank of Zimbabwe (RBZ) has disbursed ZiG46 million in notes and coins to banks, but only 30% has been released to the market due to a cash crisis. Introduced on April 5 to replace ...Published: 05 Jun 2024 at 07:22hrs | 107 | by Staff reporter
$20 Zimdollar notes rejected by traders
Public transport operators and traders must accept $20 notes as they are legal tender and failure to accept legal tender in transactions is outside the law, the Finance Ministry warned yesterday....Published: 10 Mar 2023 at 05:19hrs | 1 | by Staff reporter
'No crisis in Zimbabwe'
FINANCE minister Mthuli Ncube has said "all is well" in Zimbabwe and dismissed claims that the southern African country is in the throes of an economic crisis.Speaking in an off-the-cuff...Published: 09 Jun 2022 at 06:42hrs | 14 | by Staff reporter
Dollarization will lead to 'very nasty' events for Zimbabwe
FINANCE minister Mthuli Ncube has said the banking sector will be wiped out, causing a cash crisis if Zimbabwe ever fully dollarizes.This follows growing calls for government to adopt the USD ...Published: 08 Jun 2022 at 18:15hrs | 8 | by Staff reporter
Monetary policy inconsistency sinking economy
On the 17th of May 2022, the Reserve Bank of Zimbabwe (RBZ) issued a circular cancelling the order announced by the head of state on the suspension of bank lending one week earlier. The head of state ...Published: 08 Jun 2022 at 07:19hrs | 2 | by Victor Bhoroma
Govt should resolve cash crisis
GOVERNMENT must solve the ongoing cash shortages as a matter of urgency. The crisis is causing chaos and long winding queues at most banking institutions.When people work, they expect to withd...Published: 29 Sep 2021 at 06:44hrs | | by Silence Raki
Bosso leadership in crisis meeting
THE cash crisis bedevilling Highlanders FC, which saw players embarking on industrial action twice in the past two months, led to a joint meeting by the club's executive committee and board on Saturda...Published: 12 Jul 2021 at 07:37hrs | 1 | by Staff reporter
Lies have short legs
PRESIDENT Emmerson Mnangagwa made many promises since he entered office in November 2017. He was greeted with all the confidence that the people could give from all quarters of society.His asc...Published: 23 Jan 2021 at 06:26hrs | 3 | by Worried
Xmas rush exposes banks
A STEEP rise in demand for liquid cash experienced during the Christmas period exposed weaknesses in Zimbabwe's electric money strategy, a NewsDay Business survey revealed. Clients said electr...Published: 01 Jan 2021 at 07:39hrs | 11 | by Staff reporter
Let's fix Zimbabwe economy before thinking of elections
THERE is a morbid fixation with the 2023 elections to the extent that we are neglecting bread and butter issues as if we are not aware that elections do not bring any tangible change towards tackling ...Published: 30 Dec 2020 at 07:24hrs | 2 | by Nigel
Zimbabwe suffers steep 30% job losses
BUILDING layer upon layer of tradition, pre-Christmas television and billboard advertisements and glittering decorations are now some kind of cultural event. Or so the advertising industry would have ...Published: 24 Dec 2020 at 17:01hrs | 1 | by Staff reporter
Mnangagwa fingers Ecocash as behind spiralling prices of basic commodities
PRESIDENT Emmerson Mnangagwa has said the steep price hike for basic commodities experienced in the country in recent months was the creation of mobile money giant, Ecocash.Addressing the Zanu...Published: 15 Sep 2020 at 06:08hrs | | by Staff reporter
Zimbabwe cash crisis spirals out of control
IT is an August morning in Harare. Winter winds are blowing cold. Samuel braves the cold, wakes up at 3am from his Kuwadzana home and treks to the central business district to look for cash at the ban...Published: 15 Aug 2019 at 07:28hrs | 1 | by Staff greporter
Latest on Zimbabwe electricity problems
Electricity load shedding is set to continue in Zimbabwe despite the 400megawatts that was pumped into ZESA by the South African power utility Eskom.ZESA spokesperson Fullard Gwasira on Friday...Published: 11 Aug 2019 at 09:58hrs | 1 | by Mandla Ndlovu
Policy inconsistency hurting economy
The Reserve Bank of Zimbabwe (RBZ) reintroduced the Zimbabwean Dollar and outlawed the use of multicurrencies on the local market on the 24th of June 2019, despite widespread concerns on burning the m...Published: 05 Aug 2019 at 09:12hrs | 1 | by Victor Bhoroma
Mthuli Ncube's reforms trigger new cash crisis?
A revealing editorial in today's Herald says SI 142/19, which hastily scrapped the multi-currency system & prematurely introduced a non-existent Zimbabwe dollar as the sole legal tender in the cou...Published: 15 Jul 2019 at 09:44hrs | 1 | by Staff reporter
Socio-economic Implications of banning the US Dollar
On 24 June 2019, the government abolished the 10-year-old multi-currency regime in the country making the Zimbabwe dollar the sole legal tender. The Zimbabwe Coalition on Debt and Development (ZIMCODD...Published: 26 Jun 2019 at 15:18hrs | 3 | by ZIMCODD
Zimbabwe has enough forex, says Chamisa
ZIMBABWE has millions in foreign currency that is adequate to sustain its economy, ramp up failing industries and sustain a return to dollarisation, opposition leader Nelson Chamisa has said.C...Published: 24 Jun 2019 at 07:09hrs | | by Staff Reporter
Zimbabwe opposition and lost opportunities
Election 2018 was largely considered a landmark event for the different meanings and opportunities that were attached to it, particularly for the new faces in the presidential race, Emmerson Mnangagwa...Published: 29 Apr 2019 at 06:48hrs | 1 | by Reason Wafawarova
PHOTOS: Wicknell Chivayo carrying US$1 million in cash
Controversial businessman Sir Wicknell Chivayo has posted photos of himself with US$1 million in cash on top of a desk at what looks like his office. ...Published: 22 Apr 2019 at 09:36hrs | 3 | by Mandla Ndlovu
Did Britain back Mnangagwa?
Nyathi said that in the meeting, Laing "sounded to be really forcing a line that Mnangagwa is the person to work with, and she wanted our opinions around that".Zanu-PF's opponents have alleged...Published: 29 Mar 2019 at 12:08hrs | 1 | by Rahul Nagvekar
Bulawayo council to hike rates by up to 42%
COUNCIL is mulling raising service charges for water, refuse collection and leases by up to 42 percent to help balance its books.This flies in the face of the MDC-run municipality's pledge to ...Published: 28 Mar 2019 at 07:51hrs | 1 | by Staff reporter
'Zimbabwe sliding back to 2008'
ZANU PF legislator and Zimbabwe Cross-Border Traders' Association (ZCBTA) chairperson, Killer Zivhu has slammed the move by the Reserve Bank of Zimbabwe (RBZ) to introduce bureau de changes, saying th...Published: 27 Feb 2019 at 06:41hrs | | 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
'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 | 2 | by Makomborero Haruzivishe
Bold steps Mnangagwa should be taking instead of fiddling with the petrol price
When economically-challenged rulers try to run nations, especially fragile ones, they can easily make mistakes.In the past few weeks, demonstrators have taken to the streets of Khartoum and Om...Published: 05 Feb 2019 at 06:44hrs | 2 | by Robert Rotberg
'Dump bond notes'
Zimbabwe should dump its discredited bond notes and real time gross settlement (RTGS) system and re-introduce the United States dollar as a way of solving the country's fragile currency situation and ...Published: 22 Jan 2019 at 16:08hrs | 1 | by STaff reporter
Bond notes and their possible long-term legacy
Zimbabwe's export incentive scheme, bond notes, were introduced to encourage exports and address the liquidity crunch in the country. If, for example, tobacco exporters accept bond notes, they receive...Published: 17 Jan 2019 at 10:23hrs | 2 | by Staff reporter
Mayhem over fuel price hikes
MOTORISTS, economists, opposition parties and the commuting public yesterday reacted angrily to President Emmerson Mnangagwa's move to hike fuel prices by 150%, which triggered a wave of price increas...Published: 14 Jan 2019 at 15:06hrs | 2 | by Staff reporter
Mnangagwa's $41 pay rise offer a mockery
THE 10% salary increment government offered to civil servants is ludicrous, unfortunate and shows that government does not consider its workers a key component in its transformation.Whether Tr...Published: 12 Jan 2019 at 17:19hrs | | by Editorial - newsday
Zimbabwe's New Currency: If your Government is honest here is the Solution
Let me sell you a million dollar worth of game for a dollar ninety-nine, The economic data released by the government at the end of the fourth quarter shows we aren't deep in the quagmire as we think ...Published: 05 Jan 2019 at 08:34hrs | | by Simplisio Mudzingwa Muvunde
Strive Masiyiwa's Econet stranglehold challenged as shareholder tussle breaks out
AFTER years of brutal hyperinflation, Zimbabwe became known as a place where cash was almost worthless. Now, investors are fighting over EcoCash, the country's homegrown PayPal-like service that has z...Published: 03 Jan 2019 at 09:32hrs | 1 | by Gabriele Steinhauser I The Wall Street Journal
2018 did not inspire hope for 2019
Today marks the end of 2018 and what a dramatic year it has been. It started off full of promise and hope coming just six weeks after departure of former President Robert Mugabe.There was rene...Published: 31 Dec 2018 at 18:00hrs | 1 | by Tapiwa Gomo
Zimbabwean students fall prey to scammers
What began as a dream to hone their skills and knowledge in international capitals of the world such as Beijing has turned out to be a living nightmare for many Zimbabwean students.Duped out o...Published: 30 Dec 2018 at 09:35hrs | 13 | by Fatima Bulla
Zimbabwe cash crisis persists
The cash crisis is worsening with some banks reportedly turning away their clients as early as 7am yesterday, advising that they had no money.Contacted for comment, Reserve Bank of Zimba...Published: 29 Dec 2018 at 18:33hrs | 14 | by Staff reporter
Zanu-PF, MDC talks unfolding behind-the-scenes
WHILE President Emmerson Mnangagwa this week ruled out talks and a power-sharing arrangement with the MDC-Alliance, saying Zanu-PF had won a two-thirds majority in the July general elections, it has e...Published: 22 Dec 2018 at 18:47hrs | 2 | 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 | 2 | by Miriam T Majome
ZANU PF conference came and gone, what's the way forward?
We have come to the closing of this years conference after a long week of intensive and fruitful brainstorming about the implementation of the Resolutions We should congratulate all participants for t...Published: 19 Dec 2018 at 07:37hrs | 1 | by Dr Masimba Mavaza
Dembare challenge Epoupa Fifa ruling
DYNAMOS have lodged an appeal with Fifa following the world soccer body's ruling ordering the Harare giants to pay their ex-striker Joel Christian Epoupa in excess of US$16 000 in hard currency they o...Published: 18 Dec 2018 at 05:51hrs | 1 | by Staff reporter
Chamisa desperate for talks
OPPOSITION MDC leader Nelson Chamisa yesterday appealed for dialogue with President Emmerson Mnangagwa to stabilise the faltering economy, but the Zanu-PF leader ruled out such a possibility, saying h...Published: 13 Dec 2018 at 10:06hrs | 2 | by Staff reporter
Mega deals remain elusive for Zimbabwe
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: 08 Dec 2018 at 14:50hrs | | by Staff reporter
A year after Robert Mugabe in Zimbabwe
Zimbabwean politics appear to have changed due to the media reportage of the past twelve months since Robert Mugabe's ouster in the political scene. The question of a new Zimbabwe in the name of the n...Published: 15 Nov 2018 at 12:29hrs | 4 | by Brian Maregedze
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 | 27 | by newZwire with The Source
Mnangagwa's govt and Zimbabwe banks should carry own cross
If there is anything that we could learn from the global economic crisis of 2008, it is that excessive risk-taking, manipulation and poor hedging often result in huge enterprise and economic losses. T...Published: 14 Nov 2018 at 09:39hrs | 14 | by Equity Axis
ZNCC to meet over cash shortages
THE Zimbabwe National Chamber of Commerce (ZNCC) will next week host a meeting in Bulawayo to discuss the major drivers of cash shortages in the economy and proffer sustainable solutions, with Finance...Published: 02 Nov 2018 at 05:59hrs | | by Staff reporter
The new dispensation a replica of Mugabe era
The narrative of the November coup which ushered in President Emmerson Mnangagwa cannot be white washed and will remain in the Zimbabwe's history.I now plead with the indulgence of...Published: 01 Nov 2018 at 08:48hrs | 3 | by Leonard Koni
Zimbabweans sleeping in food and petrol queues
Zimbabweans are sleeping in petrol queues and spending hours lining up for basic food, as the country suffers its worst economic crisis in a decade.Nearly a year after the downfall of dictator...Published: 28 Oct 2018 at 08:51hrs | 23 | by abc.net.au/
Mnangagwa strikes at RBZ as promised
HEADS have started rolling at the Reserve Bank of Zimbabwe (RBZ), with four top executives being suspended yesterday less than 24 hours after Finance ministry communications taskforce chairperson Will...Published: 23 Oct 2018 at 06:40hrs | 2 | by Staff reporter
Price controls, tinkering with the deck while the titanic is sinking
Zanu PF mediocrity, lack of care for the people of Zimbabwe and their nauseating pursuit of patronage and self-preservation are the reasons of economic collapse in Zimbabwe.An attempt to contr...Published: 19 Oct 2018 at 15:54hrs | 1 | by Jacob Mafume, MDC National Spokesperson
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