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Zimbabwean currency poised to strengthen further
The Zimbabwean currency, Zimbabwe Gold (ZiG), is expected to strengthen against major currencies in the official market due to increased demand as companies prepare to meet their quarterly corporate i...Published: 16 Jun 2024 at 09:04hrs | 22 | by Staff reporter
Zimbabwe rated Africa's most expensive economy
Zimbabwe was recently identified as Africa's most expensive country according to a comprehensive study by the African Development Bank (AfDB). The study assessed power purchasing parities (PPPs) and e...Published: 15 Jun 2024 at 11:13hrs | 64 | by Staff reporter
'Zimbabwe economic data questionable'
A team of technical experts from the International Monetary Fund (IMF) this week called into question the authenticity of economic data compiled by the Zimbabwe National Statistics Agency (Zimstat), r...Published: 22 Dec 2023 at 18:14hrs | 8 | by Staff reporter
ZimStat must ditch blended statistics
The Zimbabwe Coalition on Debt and Development has urged the ZimStat to ditch the blended statistics to ensure transparency.This is revealed in its weekly Economic Review and Analysis....Published: 01 Aug 2023 at 17:59hrs | 8 | by Stephen Jakes
Mthuli Ncube told his tricks are not working
LEGISLATORS took Finance Minister Professor Mthuli Ncube to task in Parliament Wednesday, challenging him over the government's "failed" NDS-1 economic blue-print and the administration's apparent lac...Published: 16 Jun 2022 at 08:34hrs | 4 | by Staff reporter
'Abandon the Zimdollar'
PRESSURE is mounting on Finance minister Mthuli Ncube to dollarise the economy after members of the public told Parliamentarians that it was the only way to tackle price and exchange rate instability ...Published: 26 Oct 2021 at 06:36hrs | 1 | by Staff reporter
Mthuli Ncube told to dollarise
PRESSURE is mounting on Finance minister Mthuli Ncube to dollarise the economy after members of the public told Parliamentarians that it was the only way to tackle price and exchange rate instability ...Published: 25 Oct 2021 at 06:25hrs | | by Staff reporter
No to US dollar as sole currenc, says Mthuli
ZIMBABWE will not adopt the United States dollar as the country's sole currency, but will work to progressively defend the value of the local unit, while businesses that refuse to accept the Zimbabwe ...Published: 24 Oct 2021 at 09:27hrs | 1 | by Staff reporter
UK slaps sanctions on Kudakwashe Tagwirei and companies
The United Kingdom on Thursday announced it had imposed an asset freeze and travel ban on Sakunda boss and President Emmerson Mnangagwas adviser, Kudakwashe Tagwirei.The sanctions will also ap...Published: 22 Jul 2021 at 16:11hrs | | by Staff reporter
Taming high inflation, economic priority
Despite the significant fall in annual inflation from 363% (In January) to 322% for the month of February 2021, prices for goods and services in the economy continue to increase marginally in every mo...Published: 09 Mar 2021 at 22:31hrs | | by Victor Bhoroma
'Price stability to spill into 2021'
ECONOMISTS and captains of industry yesterday predicted a continued stability of prices of goods and services into next year.During a state of the economy report by Africa Economic Development...Published: 05 Nov 2020 at 19:27hrs | | by Staff reporter
War vets rant is the last thing Zimbabwe needs
FOR nearly two decades, Zimbabwe has been in the wilderness, isolated by the entire world – save for a few – simply because of one critical issue: Gross human rights abuses. While in that socio-ec...Published: 30 Aug 2019 at 08:12hrs | | by Editorial - Newsday
Mthuli Ncube confirms new grand fiscal heist
FINANCE minister Mthuli Ncube yesterday unwittingly confirmed government committed a grand US$7 billion fiscal heist - by design or accident - when it banned without warning the multi-currency system ...Published: 02 Aug 2019 at 15:17hrs | 1 | by Staff reporter
Zimbabwe inflation: The horses have bolted Mr President!
WHEN Zimbabwe gained independence from colonial rule on April 18, 1980 and when the new born country replaced the Rhodesian dollar with the Zimbabwean dollar, that currency was initially more valuable...Published: 23 Jul 2019 at 08:22hrs | | by Editorial - Newsday
Mthuli Ncube needs to work his magic on inflation
ECONOMIC analysts expect Finance and Economic Development Minister Professor Mthuli Ncube to announce new measures to contain and bring Zimbabwe's galloping inflation under control when he presents hi...Published: 21 Jul 2019 at 10:03hrs | | by Staff reporter
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | | by Victor Bhoroma
Coup rumor against President ED Mnangagwa
There are allegations from the media that a coup against President ED Mnangagwa is imminent. This piece seeks to dispute such rumors. The rumors are created by President ED Mnangagwa and his team in o...Published: 05 Jun 2019 at 09:26hrs | 1 | by Don Chigumba
Zimbabwe now in de-facto dollarization
The persistent price volatility in the economy has left producers and retailers in Zimbabwe with very limited options apart from indexing their products in the US Dollar or pegging their RTGS prices u...Published: 02 Jun 2019 at 21:06hrs | | by Victor Bhoroma
Zimbabwe now in defacto dollarisation
THE persistent price volatility in the economy has left producers and retailers in Zimbabwe with very limited options apart from indexing their products in the US dollar or pegging their Real-Time Gro...Published: 31 May 2019 at 08:08hrs | 1 | by Victor Bhoroma
Zimbabwe inflation spikes to 75%
ZIMBABWE'S annual inflation rate for the month of April shot to 75,86%, up nine percentage points on the March rate of 66,8% as the country fails to tame price increases.Last month the statist...Published: 16 May 2019 at 07:03hrs | | by Staff reporter
Price stability key to economic recovery
"A more efficient management system of scarce foreign exchange is key to price stabilisation and business growth."According to the "Transitional Stabilisation Programme" (TSP), the aspirations...Published: 18 Mar 2019 at 06:52hrs | | by Vince Musewe
Mangudya's RBZ tenure coming to an end
AS the curtain comes down on Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's five-year term of office, speculation has been rife on whether he will be handed another contract or not.Ma...Published: 10 Mar 2019 at 09:05hrs | | by Staff reporter
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 | | by Staff reporter
It is the worst time to be in the shoes of ED
Zimbabwe is in a very precarious condition. Prices are dancing a dance of their own. Life is very hard and it is a nightmare being Zimbabwean. Everybody from the rich and the poor are crying. As expec...Published: 23 Nov 2018 at 22:18hrs | | by Dr Masimba Mavaza
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 | 4 | by newZwire with The Source
The perils of trade protectionism
The recently gazetted import tariffs imposed by the Zimbabwe Revenue Authority on almost all major food items and non-food items — trade protectionism - is a dangerous drift towards the dreaded begg...Published: 21 Oct 2018 at 11:36hrs | | by Colls Ndlovu Financial Analyst
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
Chamisa, Mnangagwa battleground shifts to ConCourt
AS Zimbabweans anxiously await the outcome of the presidential election petition by MDC Alliance leader Nelson Chamisa at the Constitutional Court (ConCourt), which is set for next Wednesday, the two ...Published: 17 Aug 2018 at 15:35hrs | | by Staff reporter
Zimbabwe inflation rate hits 4% in 18 months
THE year-on-year inflation rate hit 4, 29 % in July 2018 from 2, 91% in June 2017, an increase of 47.48% in the Consumer Price Index (CPI) which measures changes in the general price level, driven mai...Published: 17 Aug 2018 at 06:19hrs | | by Staff reporter
Demystifying the MDC Alliance Constitutional petition
As I promised, Zimbabwe here is my critic of the Constitutional petition filed by the MDC Alliance. Everything starts and falls on the founding affidavit. Before going into the substance of his applic...Published: 11 Aug 2018 at 20:14hrs | 1 | by Lloyd Msipa
Welshman Ncube calls for dialogue
MDC-Alliance spokesperson Professor Welshman Ncube has called for dialogue among political parties, saying it is important that there is engagement even if parties differ on which path the country nee...Published: 11 Aug 2018 at 10:00hrs | | by Staff reporter
Is multi-tier pricing the problem or symptom?
As Zimbabwe's central bank tries to calm the problem it caused in the market through the introduction of bond notes in November 2016, questions have been raised on whether the multi-tier pricing syste...Published: 26 Jun 2018 at 07:17hrs | | by Victor Bhoroma
Zimbabwe is open for business - a reality
The Zimbabwe is open for business ellipsis seems to have grappled the rest of the world as investment keeps pouring into the country, with Zimbabwe raking in a record-breaking US $11 billion dollars i...Published: 11 May 2018 at 22:14hrs | 12 | by Daphine Zulu
Frank Buyanga unveils $1bn gold backed certificate
THE African Medallion Group (AMG) has introduced a $1 billion gold-backed bond certificate, in a development that is expected to consolidate the company's status in the yellow metal sector.The...Published: 11 Apr 2018 at 07:22hrs | 5 | by Staff reporter
Prices zoom out of control
Hard-pressed Zimbabwean consumers are in the throes of skyrocketing grocery bills that are likely to deprive them of the joys of Christmas, with unofficial inflation figures showing that food prices h...Published: 01 Nov 2017 at 12:34hrs | 7 | by Staff Reporter
Motorist sues council over spikes
A MUTARE motorist, Nyasha Kavhukatema, has sued the local authority for $400 following the deflation and puncture of his vehicle tyres by spike-throwing municipal police officers.Kavhukatema, ...Published: 24 Oct 2017 at 06:14hrs | | by Staff reporter
Zimbabwe inflation continues to rise
Zimbabwe's year on year inflation rate continued to rise in June and stood at 0.75% after gaining 0.27% on the May rate, latest data has shown.Zimbabwe slipped out of deflation in February aft...Published: 15 Jun 2017 at 15:59hrs | 25 | by Staff reporter
MDC-T introduces 'The SMART Zimbabwe ProJECT'
The MDC-T has come up with the new Economic Blue print called The Smart Zimbabwe Project.MDC-T deputy secretary general Tapiwa Mashakada said MDC-T's Economic Blueprint is dubbed "The SMART Zi...Published: 06 Jun 2017 at 06:14hrs | | by Stephen Jakes
Zimbabwe inflation continues to rise, hits 0.48 percent
Zimbabwe's year on year inflation rate continued to rise in April and stood at 0.48% after gaining 0.27% on the March rate, latest data from Zimbabwe National Statistics Agency (Zimstat) has shown....Published: 15 May 2017 at 15:41hrs | | by Ndou Paul
Police spikes cow Zimbabwe motorists
There was a general sense of relief among motorists, transport operators and passengers when police manning roadblocks two weeks ago suddenly withdrew the use of spikes which had become the source of ...Published: 14 May 2017 at 15:47hrs | | by Staff reporter
MDC-T dream of a $100 billion economy
Daily News staff writer Blessings Mashaya speaks to the opposition MDC shadow Finance minister Tapiwa Mashakada. Below are excerpts of the interview.Q: Do you think Finance minister Patrick Ch...Published: 30 Apr 2017 at 14:11hrs | | by Staff reporter
Zimbabwe government admits 'printing' money
PRESIDENT Robert Mugabe's embattled administration has for the first time admitted printing money in the form of a virtual currency through the Real Time Gross Settlement (RTGS), acknowledging this ca...Published: 27 Apr 2017 at 18:42hrs | 13 | by Staff reporter
Zanu PF is still strong in memory and very weak in vision- Mashakada
The MDC-T official Tapiwa Mashakada has lamented that the ruling Zanu PF is still strong in memories of the liberation struggle which it and PF Zapu executed but very weak in vision to emancipate its ...Published: 21 Apr 2017 at 10:31hrs | | by Stephen Jakes
Zimbabwe inflation continue to rise
Zimbabwe's year on year inflation rate continued to rise in March and stood at 0.21% after gaining 0.15% on the February rate, latest data has shown.Zimbabwe slipped out of deflation in Fe...Published: 13 Apr 2017 at 15:22hrs | | by Ndou Paul
How Zanu PF underdeveloped Zimbabwe 1980-2018 -Tapiwa Mashakada
MDC-T Secretary for Finance and Economic Affairs Tapiwa Mashakada has chronicled the events in how Zanu PF has run down the country since year 1980."To make the story short, i will not b...Published: 17 Mar 2017 at 05:50hrs | | by Stephen Jakes
Latest inflation figures
Zimbabwe National Statistics Agency (Zimstat) on Wednesday said year on year inflation rate for the month of February stood at 0.06 percent, after gaining 0.71 percentage points on the Janu...Published: 15 Mar 2017 at 11:57hrs | | by Staff Reporter
Price hikes unavoidable,imminent
ZIMBABWEANS should brace for more price increases this year as manufacturing sector output remains depressed while exports sag, Zimbabwe Independent reports.The economy is this year expected t...Published: 03 Mar 2017 at 07:29hrs | | by Staff Reporter
Zimbabwe 'inflation' imported, says RBZ
ABOUT 58 percent of factors that pushed headline inflation rate in Zimbabwe into negative territory were external forces the country has no control over, a recent study by the Reserve Bank says. ...Published: 10 Feb 2017 at 05:25hrs | | by Staff reporter
US$ shortages give rise to cash discounts
ZIMBABWE's cash-selling practice is evolving with a growth in cash premiums and discounts offered for goods and services as companies struggle to raise foreign currency to import raw materials....Published: 05 Feb 2017 at 07:51hrs | | by Staff reporter
Zimbabwe has over-valued US$ exchange rate
Zimbabwe has an over-valued exchange rate against the United States dollar and other major economies due to the singular usage of the greenback, economists have said, while pushing for the adoptio...Published: 31 Jan 2017 at 05:49hrs | | by Staff reporter
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