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Zimbabwe's businesses sound alarm over volatile ZiG
Zimbabwe's business leaders have expressed deep concern over the persistent volatility of the Zimbabwe Gold (ZiG) currency, warning that ongoing instability is crippling industrial growth and eroding ...Published: 26 Jun 2025 at 11:21hrs | 1072 | by Staff reporter
Zimra tax audit blitz alarms Zimbabwe business
The Zimbabwe National Chamber of Commerce (ZNCC) has raised concerns over the Zimbabwe Revenue Authority's (Zimra) intensified audit regime, warning that aggressive tax enforcement is placing undue co...Published: 24 May 2025 at 10:59hrs | 236 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11663 | by Staff reporter
Chinese debt threatens to switch off Zimbabwe's Hwange
Zimbabwe's industrial sector is on edge this week as concerns grow over the future of the Hwange Thermal Power Station, a critical asset for the country's beleaguered power grid. With power utility Ze...Published: 24 Nov 2024 at 10:14hrs | 11749 | by Staff reporter
Zimbabwe govt intervenes to end dual pricing
The government is closely monitoring businesses that are manipulating the exchange rate by using black market rates instead of the official ZiG currency rate. This practice undermines the ZiG, which i...Published: 05 Sep 2024 at 17:07hrs | 6042 | by Staff reporter
Zimbabwe power crisis grounds industries
In Zimbabwe, recent rolling blackouts have severely impacted key industries, raising concerns about potential economic downturns and job losses. Kurai Matsheza, president of the Confederation of Zimba...Published: 30 Jun 2024 at 18:32hrs | 2 | by Staff reporter
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | 1 | by Staff reporter
Our meat is rotting, Cde Mnangagwa
ON August 3, 2023, President Emmerson Dambudzo Mnangagwa commissioned the new Hwange Thermal Power Station Units 7 and 8.Amid the pomp and fanfare, Mnangagwa proudly and confidently declared t...Published: 03 Oct 2023 at 06:18hrs | 1 | by Tendai Ruben Mbofana
Please tell Mnangagwa our meat is rotting!
On Thursday, 3rd August 2023, President Emmerson Dambudzo Mnangagwa commissioned the new Hwange Thermal Power Station Units 7 and 8.Amidst the pomp and fanfare, Mnangagwa proudly and confident...Published: 02 Oct 2023 at 07:46hrs | 2 | by Tendai Ruben Mbofana
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 2 | by Staff reporter
4 rogue firms' accounts frozen
BANK accounts belonging to four major basic commodity distributors have been frozen for suspected economic sabotage, while unscrupulous manufacturers and pharmaceutical companies also face the same co...Published: 28 May 2023 at 07:59hrs | 1 | by Staff reporter
'Black market rates to fall,' dreams RBZ
THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency...Published: 23 Apr 2023 at 07:48hrs | 1 | by Staff reporter
'Half of Zimbabwe youths loafing'
ABOUT half of Zimbabwean youths are loafing, the latest Zimbabwe National Statistics Agency (ZimStat) 2022 second quarter labour force survey has revealed, laying bare the job crisis facing the countr...Published: 04 Oct 2022 at 06:10hrs | 18 | by Staff reporter
'No easy road to recovery for Zimbabwe'
THE Zimbabwe National Chamber of Commerce (ZNCC) warned on Thursday that there would be no quick fix to the myriad of economic challenges afflicting the country.Zimbabwe is in the throes of an...Published: 30 Sep 2022 at 06:10hrs | 4 | by Staff reporter
SA blackouts bleed Zimbabwe industry
ZIMBABWEAN industries, already battered by a long running economic crisis, have been thrown off balance by rolling blackouts in South Africa, which escalated this week, briefly grounding trade....Published: 23 Sep 2022 at 19:24hrs | 4 | by Staff reporter
Falling fuel prices ease pressure on consumers
The sustained drop in fuel prices, which saw prices being reviewed downwards twice over a two-week period this month owing to falling international crude ...Published: 31 Jul 2022 at 07:08hrs | 2 | by Staff Reporter
RBZ in dramatic U-turn on lending
THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a sta...Published: 18 May 2022 at 06:23hrs | 11 | by Staff reporter
Basics run out of Zimbabwe shelves
PRESIDENT Emmerson Mnangagwa and Finance minister Mthuli Ncube's recent economic pronouncements have reportedly triggered a shortage of most locally-manufactured basic commodities in most retail shops...Published: 16 May 2022 at 06:26hrs | 2 | by Staff reporter
Bread price shoots to US$2 in Zimbabwe
A STANDARD loaf of bread now costs more than US$2 after its price shot up by 30% to $345.This follows an increase in the price of flour seven days ago by 17%.The Grain Millers Associat...Published: 21 Apr 2022 at 11:47hrs | 1 | by Staff reporter
Illegal sanctions choking business
ILLEGAL economic sanctions imposed by the United States and her allies have negatively affected the business community, which cannot access loans, and even do straightforward transfers for their needs...Published: 18 Oct 2021 at 06:26hrs | 3 | by Staff reporter
Govt threatens crackdown on businesses fuelling forex black market
GOVERNMENT has threatened to suspend operating licences for business entities manipulating the official foreign currency rate, thus fuelling the high parallel market exchange rate.In a stateme...Published: 08 Oct 2021 at 06:32hrs | 12 | by Staff reporter
Zimbabwe's new $50 can't buy bread
LAST week, the Zimbabwean central bank introduced a $50 note, the country's highest denomination since a return to Zimbabwean dollars as the main currency in 2019.It joins other denominations ...Published: 13 Jul 2021 at 09:15hrs | 20 | by Staff reporter
The paradox of Zimbabwe's rising prices and falling inflation
FOLLOWING months of scepticism over Zimbabwe's ability to achieve its targeted annual inflation rate, some of the country's leading analysts are beginning to change theirview.Now, they fee...Published: 03 May 2021 at 06:24hrs | 2 | by Staff reporter
Mthuli Ncube sticks to 7,4% growth
GOVERNMENT remains bullish about a positive economic performance in 2021 where it has projected a 7,4% gross domestic product (GDP) growth despite the negative effects of the Covid-19 pandemic, accord...Published: 05 Feb 2021 at 06:49hrs | 1 | by Staff reporter
ZimStat stops releasing poverty data
THE Zimbabwe National Statistical Agency (ZimStat) has abandoned the release of poverty datum line (PDL) data for a family of five to focus only on individual data, the NewsDay Business has establishe...Published: 18 Jan 2021 at 06:26hrs | 3 | by Staff reporter
Tsvangirai destroyed the ZCTU
Those who have meticulously followed developments on the country's labour landscape since the turn of the millennium will, no doubt, concur with me that Morgan Tsvangirai (may his departed soul rest i...Published: 05 Sep 2019 at 08:03hrs | 1 | by Cuthbert Mavheko
Mthuli Ncube in tough balancing act
FINANCE minister Mthuli Ncube will find it difficult to balance the books during the last half of the year after he unveiled a supplementary budget envisaging huge spending on agriculture, analysts ha...Published: 04 Aug 2019 at 14:13hrs | | by Staff reporter
Power cuts cripple Victoria Falls
HOTELS in Victoria Falls are reeling from the current power outages that have forced them to use generators for hours as cuts intensify, businessdigest has established.This has seen operating ...Published: 07 Jun 2019 at 07:29hrs | 2 | by Staff reporter
'Fuel import liberalisation to ease forex demand'
BUSINESS and analysts say the move by government to liberalise fuel imports will ease pressure on forex demands and improve supply of the commodity across the country.Zimbabwe relies on fuel i...Published: 08 Mar 2019 at 07:01hrs | | by Staff reporter
'Low bank balances a result of dead savings culture'
MORE than 95% of the 3,24 million individual real time gross settlement (RTGS) accounts held less than $1 000 as of December 2018, the central bank recently revealed in its monetary policy statement, ...Published: 26 Feb 2019 at 06:59hrs | | by Staff reporter
'Float or demonetise bond notes,' says experts
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya is this week expected to present the monetary policy statement amid calls that he should address the deep-seated currency challenges which are aff...Published: 27 Jan 2019 at 19:18hrs | | by Staff reporter
Zimbabwe annual inflation rate surges to 236%
Renowned United States economist and currency expert Steve Hanke says Zimbabwe's annual inflation rate is at 236 percent, much higher than the official figure of 42,09 percent published by Zimbabwe Na...Published: 19 Jan 2019 at 11:51hrs | 2 | by Staff reporter
Zimbabwe businesses losing millions as shutdown continues
Businesses in Zimbabwe are losing millions of dollars per day as a shutdown protest - called for by the country's biggest labour union body - continues over a sudden 150% hike in fuel prices. ...Published: 15 Jan 2019 at 21:10hrs | | by Staff reporter
Zimbabwe's currency conundrum
ZIMBABWE'S ongoing currency crisis can be best described as a conundrum. Not only is it problematic, but it is also confusing and complex.On the one hand, you have an evident devaluation of lo...Published: 09 Jan 2019 at 11:34hrs | | by Staff reporter
Mnangagwa's Zimbabwe heads for shutdown
Government could be headed for a complete shutdown if it does not urgently address the concerns of its employees who are downing tools to press for better pay and improved working conditions, analysts...Published: 07 Jan 2019 at 09:05hrs | | by Staff reporter
Business slams Mthuli Ncube's forex committee
BUSINESS leaders say the setting up of a forex allocation committee by government will not solve the prevailing foreign currency crisis.Finance minister Mthuli Ncube last Friday set up a forex...Published: 07 Jan 2019 at 08:39hrs | 1 | by Staff reporter
Valueless bond notes the source of Zimbabwe's problems, say analysts
GOVERNMENT'S promise to avail foreign currency to the country's largest beverages manufacturer, Delta Corporation, to avoid forex pricing is not sustainable, analysts have said.Delta last Wedn...Published: 06 Jan 2019 at 10:13hrs | 1 | by Staff reporter
Zimbabwe beer, soft drinks to sell in US$
THE country's leading beverages manufacturer, Delta Beverages, yesterday announced a new pricing system pegged in United States dollars to keep itself afloat in the face of foreign currency shortages....Published: 03 Jan 2019 at 09:08hrs | | by Staff reporter
'RTGS not equal to US dollars'
The Zimbabwe national Chamber of Commerce (ZNCC) has asked Finance minister Mthuli Ncube to stop in the National Budget the use of bond notes and RTGS electronic balances, officially at par with the U...Published: 19 Nov 2018 at 12:39hrs | | by Staff reporter
Mthuli Ncube to present 2019 budget on November 22
FINANCE minister Mthuli Ncube has said he will present his maiden budget statement on November 22, in what will be a litmus test of how he will address Zimbabwe's economic crisis.Shortages of ...Published: 07 Nov 2018 at 06:07hrs | 8 | 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 | | by newzimbabwe.com
Change of currency not ideal to revive Zimbabwe economy
THE country's economic crisis has deepened since the recent fiscal and monetary measures announced by Finance minister Mthuli Ncube and Reserve Bank governor John Mangudya. The economy has plu...Published: 19 Oct 2018 at 08:41hrs | | by Staff reporter
Business leaders conflicted over imports ban
ZIMBABWE'S business leaders want government to suspend the Statutory Instrument (SI)22, which is meant to protect local industry from cheap and non-essential imports, to counter the growing shortages ...Published: 17 Oct 2018 at 06:46hrs | | by Staff reporter
Zimbabwe inflation hits post-dollarisation high
THE year-on-year inflation rate stood at 5,39 % in September, the highest since dollarisation, latest data from the Zimbabwe National Statistical Agency (ZimStat) shows.This is the highest fig...Published: 16 Oct 2018 at 06:25hrs | | by Staff reporter
'Mthuli Ncube has de-dollarised the economy'
THE ZIMBABWE National Chamber of Commerce (ZNCC) says by introducing a separate account for foreign currency through the monetary policy statement yesterday, the central bank has finally de-dollarised...Published: 02 Oct 2018 at 09:43hrs | | by Staff reporter
'Mthuli Ncube should grow a thick skin'
Prominent economist and former MDC executive member, Eddie Cross, has urged the new Finance Minister, Mthuli Ncube, to grow a thick skin and resist executive pressure to push him to spend more than wh...Published: 22 Sep 2018 at 09:30hrs | | by Staff reporter
'RBZ should complement Mthuli Ncube'
Analysts yesterday called on Reserve Bank of Zimbabwe governor John Mangudya and his team to work in tandem with new Finance and Economic Development minister Mthuli Ncube efforts to help arrest econo...Published: 12 Sep 2018 at 07:35hrs | | by Staff reporter
Mnangagwa urged to 'Scrap bond notes'
PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrog...Published: 06 Sep 2018 at 15:46hrs | | by Staff reporter
Red flag over govt spending
Business leaders have expressed doubts that government's fiscal indiscipline will end any time soon, warning the persistent build-up in the imbalances will dampen Zimbabwe's economic prospects over th...Published: 19 Aug 2018 at 06:50hrs | 2 | by Staff reporter
Business slams post-poll violence
ZIMBABWE's business leaders have slammed violence that erupted in Harare's central business district (CBD) on Wednesday, saying it was not good for business growth.This came after the army sho...Published: 03 Aug 2018 at 07:20hrs | | by Staff reporter
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