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Mnangagwa's gamble works for the economy
Monetary Policy is defined as an attempt to achieve broad economic goals by the regulation of the supply of money. The 2018 Monetary Policy Statement (MPS) was prepared on the narrative that Zimbabwe ...Published: 4 hrs ago | 2684 | by Dr Masimba Mavaza
Cross, Ncube's reforms will never deliver economic prosperity not as long as Zimbabwe remains a pariah state
"People of Zimbabwe deserve a new day" wrote Eddie Cross in Bulawayo24. Mr Cross was writing about Zimbabwe's economic chaos, the country has already claimed the position of being the poorest ...Published: 6 hrs ago | 3519 | by Patrick Guramatunhu
Can Zimbabwe learn from history, the pain of yesteryear?
CENTRAL bank opens up currency trading, reads a headline in a State-owned daily newspaper. The Reserve Bank of Zimbabwe (RBZ) has liberalised the foreign currency market by introducing an interbank tr...Published: 7 hrs ago | 455 | by Editorial - newsday
Zimbabwe lost $2 billion on 1:1 forex exchange rate
GOVERNMENT lost $2 billion last year for maintaining the parity between the bond note and the United States dollar, Finance and Economic Development Minister Mthuli Ncube has said.Economists h...Published: 14 hrs ago | 4796 | by Staff reporter
Chamisa cries as his political career ends
The MDC Alliance is now constitutionally without a leader following the expiry of the temporary term of the leader Mr Nelson Chamisa on 14 February 2019. Chamisa ascended to the thrown after twisting ...Published: 15 hrs ago | 26570 | by Dr Masimba Mavaza
'Chamisa, Mnangagwa power-sharing not on the agenda'
Four political parties - Zanu-PF, MDC-Alliance, MDC-T and the National Patriotic Front - that are represented in Parliament, met in Bulawayo last weekend to lay the groundwork and set the agenda for t...Published: 15 hrs ago | 1519 | by Staff reporter
Zimbabwe/South Africa officials to meet ahead of Ramaphosa visit
Zimbabwean and South African officials will meet next week, as preparations for the visit by South Africa's President Cyril Ramaphosa to his northern neighbours gather momentum. President Rama...Published: 15 hrs ago | 442 | by Staff reporter
Woman arrested for obscene message to lover's wife
A 28-YEAR-OLD woman from Bulawayo has been arrested for insulting her lover's wife after she confronted her about their affair. Lesley Ngwenya of Nkulumane suburb insulted Ms Sazini Moyo (36) ...Published: 15 hrs ago | 1121 | by Staff reporter
Cholera vaccine campaign begins in Harare
A major typhoid vaccination campaign begins today in Harare to tackle a drug-resistant outbreak of the disease.The campaign aims to vaccinate 325,000 people in nine suburbs of Zimbabwe's capit...Published: 15 hrs ago | 83 | by Staff reporter
Mnagagwa is a habitual liar
I am now forced to believe that the President of South Africa is visiting Zimbabwe in days to come because he may want to get a lecture/exchange notes from/with John Mangudya and Mthuli Ncube. News th...Published: 17 hrs ago | 974 | by Don Chigumba
MDC National Council Resolutions
The MDC National Council met today, 22 February 2019 at the party headquarters Morgan Richard Tsvangirai House, 44 Nelson Mandela Avenue and made the following resolutions1. The National Situa...Published: 17 hrs ago | 684 | by MDC
MDC-T supports dialogue with Mnangagwa
We the Movement for Democratic Change (MDC-T) restate our well documented position that we are part of the on going national dialogue process to focus on salient national issues that continue to imped...Published: 21 hrs ago | 1787 | by Linda Tsungirirai Masarira
EU lifted sanctions to join in looting of diamonds - not fooled by elephant dung smelling hyena
When the EU Foreign Ministers decided NOT to impose new and tougher sanctions on the Mnangagwa regime for failing to hold free, fair and credible elections last July and for using excessive violence ...Published: 20 hrs ago | 2729 | by Patrick Guramatunhu
RBZ sets rate of 2.50 for devalued RTGS dollars
Zimbabwe's new currency is expected to begin trading at around 2.5 to the U.S. dollar, Central Bank Governor John Mangudya said on Friday, a significant devaluation as the regulator attempts to stem c...Published: 21 hrs ago | 2786 | by Reuters
Zimbabweans should accept that their balances have been devalued by 2.5 times, says Mthuli Ncube
The Reserve Bank of Zimbabwe has set the interbank rate at 2.5 to the US dollar to kick start its auction system. However its ability to sustain it at those levels depends, among others o...Published: 22 hrs ago | 9134 | by FinX
SA Airways suspends advance bookings
South African Airways has temporarily suspended the advance booking of air tickets following the Reserve Bank of Zimbabwe's (RBZ) monetary policy.In a statement, the company's acting regional ...Published: 23 hrs ago | 1243 | by Staff reporter
Zimbabwe forex dealers struck by fear
Illegal foreign currency (forex) dealers were on tenterhooks yesterday as they weighed their options in the wake of new measures by the RBZ that seek to eradicate parallel market activities. ...Published: 22 Feb 2019 at 10:37hrs | 12145 | by Staff reporter
RBZ to stabilise exchange rate
The Reserve Bank of Zimbabwe (RBZ) says it has put in place adequate safeguards to ensure stability of exchange rates after the apex bank this week floated the US dollar on the interbank market....Published: 22 Feb 2019 at 10:30hrs | 2724 | by Staff reporter
Zimbabwe money transfer agencies to import own notes
Zimbabwean money transfer agencies face increasing problems in meeting their customer obligations owing to the termination of correspondent-bank arrangements between local banks and international fina...Published: 22 Feb 2019 at 10:29hrs | 4153 | by Staff reporter
Unpacking floating of exchange rate by Zimbabwe
The Governor of the Reserve Bank of Zimbabwe (RBZ) Dr Mangudya in his monetary policy statement liberalised the exchange rate that is, departing from the 1:1 position of the bond notes or real time gr...Published: 22 Feb 2019 at 10:28hrs | 848 | by Dr Mugano
Mangudya says 'I am guilty as charged' on bond notes
THE ZIMBABWE central bank governor Dr John Mangudya has admitted prejudicing the country’s exporters by exchanging their US dollar earnings at parity with the local bond note, when rates on the para...Published: 22 Feb 2019 at 09:22hrs | 5949 | by Staff reporter
Mugabeism must be dismantled
YESTERDAY Zimbabweans commemorated, or simply just observed, former president Robert Mugabe's birthday which has now been institutionalised into a national holiday, even though the majority might have...Published: 22 Feb 2019 at 09:16hrs | 489 | by Dumisani Muleya
Bond note, RTGS model didn't fail, says Mangudya
Following the announcement of the Monetary Policy Statement (MPS) by Reserve Bank of Zimbabwe governor John Mangudya (JM) this week that effectively liberalised the exchange rate between the US dollar...Published: 22 Feb 2019 at 09:16hrs | 1125 | by Staff reporter
Mnangagwa's military changes fuel fears of internal strife
PRESIDENT Emmerson Mnangagwa (pictured)'s daring manoeuvres to change and redeploy critical personnel and commanders in strategic military units in a major shake-up has triggered fears of purges among...Published: 22 Feb 2019 at 09:13hrs | 6253 | by Staff reporter
People of Zimbabwe deserve a new day
ON Wednesday this week, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya presented a long-awaited monetary policy statement.This had been expected in January and was postponed several tim...Published: 22 Feb 2019 at 09:10hrs | 1090 | by Eddie Cross
Zimbabwe black market forex rate should drop to 60%
THE eagerly anticipated Monetary Policy Statement (MPS) for 2019 was finally delivered by the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday this week, the same day the budget stat...Published: 22 Feb 2019 at 09:09hrs | 1521 | by Brett Chulu
Zimbabwe financial markets serene after RBZ's monetary policy measures
MARKETS largely remained unperturbed following monetary policy measures announced this week that saw the central bank abandon its fixed exchange rate management system for a managed floating approach ...Published: 22 Feb 2019 at 09:09hrs | 1344 | by Staff reporter
'GDP rebasing to lower insurance penetration'
THE rebasing of Zimbabwe's gross domestic product (GDP) in 2018 will lower insurance penetration rate by 2,9%, an industry official has said.Insurance and Pensions Commission (Ipec) acting com...Published: 22 Feb 2019 at 09:08hrs | 137 | by Staff reporter
Zimbabweans disillusioned with the 'new dispensation'
MORE than a year ago events touted as an unfolding new beginning in this Southern African nation raised public hope. The Zimbabwean "benign" coup in November 2017 must be counted among the greatest of...Published: 22 Feb 2019 at 09:07hrs | 188 | by Ray Matikinye
Journalism needs overhaul
Zimbabwean journalist Haru Mutasa recently drew fire from some local journalists and social media couch potatoes - many of whom masquerade as experts on each and every issue - when she pointed out the...Published: 22 Feb 2019 at 09:06hrs | 190 | by Conway Tutani
Family's fight to stop UK deporting carer ‘to her death' in Zimbabwe
An 'irreplaceable' carer fears she will be abducted or murdered if the Home Office deports her back to Zimbabwe.Siphiwe 'Pewie' Moyo, 34, came to the UK in 2007 to escape political persecution...Published: 22 Feb 2019 at 09:04hrs | 655 | by metro.co.uk
'US$ remains Zimbabwe's base currency for trading'
THE Zimbabwe Coalition on Debt and Development (Zimcodd) says the United States dollar will remain the base currency for trading purposes in Zimbabwe because businesses prefer trading in a stable curr...Published: 22 Feb 2019 at 09:03hrs | 365 | by Staff reporter
Zimbabweans abroad face difficulties with accent
Speakers with foreign accents can face discrimination even in a country with a diverse population and a long immigrant history. But much remains to be done. "We're going to increasingly be exposed to ...Published: 22 Feb 2019 at 08:31hrs | 961 | by Dr Masimba Mavaza
Willing recolonisation will forever be the hallmark of MDC-Alliance
The folly of Zimbabwe's destiny lies in a fetish plinth that Sadc and the African Union (AU) are insignificant to the African cause, while the European Union (EU) and International Criminal Court (ICC...Published: 21 Feb 2019 at 22:35hrs | 1247 | by Isdore Guvamombe
Black market forex rate remains stable
PARALLEL market rates remained stable yesterday following the decision by Reserve Bank of Zimbabwe Governor Dr John Mangudya to liberalise the United States dollar exchange rate against Real Time Gros...Published: 21 Feb 2019 at 22:33hrs | 6232 | by Staff reporter
Eddie Cross hails Monetary Policy Statement
ECONOMIST and former MDC legislator Mr Eddie Cross has hailed the 2019 Reserve Bank of Zimbabwe (RBZ) Monetary Policy Statement and believes it will play a major role in stabilising the pricing system...Published: 21 Feb 2019 at 22:32hrs | 2413 | by Staff reporter
Damnatio memoriae and Robert Gabriel Mugabe National Youth Day?
In the recent past few years, it had become a norm in February to see pomp and extravagance in Zimbabwe's state and independent media with preparations towards and celebrations on the birthday of "com...Published: 21 Feb 2019 at 21:18hrs | 385 | by Brian Maregedze
Zanu Pf divisions have contributed immensely to the collapse of our economy
Zanu-PF will never accept blame, this is one area they have mastered.It will always be the sanctions are hurting the economy , the truth being said those sanctions are targeted sanctions on Zanu-PF in...Published: 21 Feb 2019 at 21:11hrs | 291 | by AT Kadada
Mangudya's retreat to safety is timely.....
Governor Mangudya has fundamentally been a good central banker, and perhaps that is why, just like yesterday afternoon, he frequently deflates the air of anticipation that precedes his scheduled polic...Published: 21 Feb 2019 at 21:03hrs | 1445 | by Staff reporter
Monetary policy, a huge leap towards safety
The Reserve Bank of Zimbabwe (RBZ) governor, John Mangudya, yesterday took a huge positive leap towards healing the ailing economy when he devalued the bond note during his Monetary Policy Statement (...Published: 21 Feb 2019 at 21:02hrs | 559 | by Staff reporter
Employers not worried by bond notes, RTGS devaluation
The floating of RTGS dollars will have minimum effect on employers despite the rising inflation, which reached record levels since the introduction of the multi-currency regime 10 years ago, an employ...Published: 21 Feb 2019 at 21:02hrs | 1969 | by Staff reporter
MDC slams RBZ currency moves
Zimbabwe has "de-dollarised through the back door," the Movement for Democratic Change (MDC) said on Wednesday after the Reserve Bank of Zimbabwe unveiled its delayed Monetary Policy Statement....Published: 21 Feb 2019 at 20:56hrs | 882 | by ZimLive
Zimbabwe Communist Party statement on Monetary Policy
The underlying position of the ZCP on any government policy declaration including this one is neither to automatically oppose nor to automatically endorse. Our task is to defend the interests of the w...Published: 21 Feb 2019 at 19:04hrs | 1228 | by ZCP
Mthuli Ncube says Zimbabwe's inflation rate is being misread
Finance Minister Mthuli Ncube has said the country’s inflation rate, which surged to the highest annual level since a hyperinflation blowout a decade ago, is being misread and the measure of monthly...Published: 21 Feb 2019 at 17:10hrs | 4850 | by Bloomberg
ZimJustice unveils new conditions in order to assist more workers
The Zimbabwe Network for Social Justice (ZimJustice) has unveiled new conditions so as to enable it to assist more unfairly treated workers in their quest for justice.ZimJustice, which is a ne...Published: 21 Feb 2019 at 16:08hrs | 481 | by ZimJustice Communications Department
What will a teacher's strike in Zimbabwe mean
Following a lengthy dialogue, Zimbabwean teachers have decided to call off their strike. The talks for a strike have been going on for months now when the Zimbabwe Teachers' Association union decided ...Published: 21 Feb 2019 at 16:02hrs | 1994 | by Staff Reporter
ZANU PF only listens to violent rebellion!
The recent violent protests that rocked most Zimbabwe cities between 14 and 16 January 2019, have offered enough proof that the only way the ZANU PF regime will ever seriously listen to the people's g...Published: 21 Feb 2019 at 10:51hrs | 1282 | by Peace Chiwara Marangwanda
'Monetary Policy Statement will bring sanity' says RBZ Governor - will not and never will as long as insane rule the roost
The primary objective of the Reserve Bank of Zimbabwe's (RBZ) long awaited Monetary Policy Statement was to bring sanity to Zimbabwe's chaotic economic world, especially the madness in financial and c...Published: 21 Feb 2019 at 09:14hrs | 1163 | by Nomusa Garikai
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: 21 Feb 2019 at 07:33hrs | 9053 | by Staff reporter
MSU student to lead continental body
A MIDLANDS State University (MSU) third year medical student, Lynette Ndlovu, has been elected as the new president of the Federation of African Medical Students' Association, a body that represents a...Published: 21 Feb 2019 at 07:27hrs | 1241 | by Staff reporter
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