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Innscor engages govt over tax
Innscor Africa Limited has raised concerns over high taxes and their detrimental impact on the company's profitability, warning that the escalating cost-push pressures are putting a strain on its fina...Published: 18 Nov 2024 at 15:06hrs | 164 | by Staff reporter
History of Zimbabwe 90% distorted
Former Zimbabwe People's Revolutionary Army (Zipra) fighters have been called upon to document their liberation struggle experiences to preserve Zimbabwe's authentic history and prevent distortions.&n...Published: 05 Nov 2024 at 08:16hrs | 334 | by Staff reporter
Councillors hail Chitepo school of ideology
Several councillors from Mashonaland West and Central have hailed the Hebert Chitepo School of Ideology as an inclusive and transformative programme with capacity to change community behaviour and att...Published: 21 Oct 2024 at 22:30hrs | 810 | by Gideon Madzikatidze/Simbarashe Sithole
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1427 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2638 | by Staff reporter
An Open Letter to Finance Minister Mthuli Ncube
Dear Finance Minister Mthuli Ncube,As you navigate the complexities of Zimbabwe's economic landscape, a pressing matter deserves your urgent attention: the persistent depreciation of the Zimba...Published: 27 Sep 2024 at 22:51hrs | 841 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe urged to ditch 'command' exchange rate
The government of Zimbabwe is facing increasing pressure to abandon its "command" exchange rate for the Zimbabwe Gold (ZiG) currency, introduced in April, as businesses struggle to cope with currency ...Published: 25 Sep 2024 at 09:21hrs | 3966 | by Staff reporter
Currency crisis piles more misery on fragile Zimbabwe economy
Leading economists have raised concerns over the potential economic impact of the recent waves of price hikes and currency volatility, which threaten to further destabilize an already fragile economy....Published: 20 Sep 2024 at 13:12hrs | 3493 | by Staff reporter
Sadc leaders tour Zimbabwe's Geo Pomona, Liberation City
During the 44th SADC Heads of State and Government Summit, regional leaders took a break from their busy schedules to tour Geo Pomona Waste Management Private Limited and the Museum of African Liberat...Published: 19 Aug 2024 at 06:54hrs | 241 | by Staff reporter
Chamisa bounces back
OPPOSITION leader Nelson Chamisa continues to apply pressure on SADC, nine months after last year’s chaotic general elections, revealing in a Monday statement that the regional body is giving the ma...Published: 27 May 2024 at 17:19hrs | 6 | by Staff reporter
Zimbabwe police to conduct blitz on street traders manipulating ZiG currency
Finance Minister Mthuli Ncube has announced plans for law enforcement crackdowns on black market traders accused of manipulating Zimbabwe's new structured currency, the Zimbabwe Gold (ZiG). This initi...Published: 11 Apr 2024 at 18:31hrs | | by Staff reporter
RBZ adopts market-based exchange rate
THE Reserve Bank of Zimbabwe (RBZ) has adopted a market-determined system for setting exchange rates, with the auction system being replaced by a refined interbank foreign exchange market which connec...Published: 06 Apr 2024 at 08:06hrs | | by Staff reporter
'54% Zimbabweans unemployed'
ONLY 46,3% of Zimbabwe's working age population are employed, the Zimbabwe National Statistics Agency (ZimStat)'s latest figures have revealed.In its 2023 fourth quarter labour force survey, Z...Published: 21 Feb 2024 at 07:17hrs | 1 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 2 | by Staff reporter
IMF tells Zimbabwe to deal with Zimdollar issue
THE International Monetary Fund (IMF) has implored the government to remove the 10% trading margin on domestic transactions, saying the policy was causing exchange restrictions and distortions....Published: 15 Feb 2024 at 10:05hrs | | 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 | | by Staff reporter
Only licensed traders can purchase from manufacturers in Zimbabwe
The Zimbabwe Revenue Authority (Zimra) said on Wednesday that only licensed and tax-compliant traders can purchase from manufacturers and wholesalers in a bid to encourage tax compliance and bolster g...Published: 04 Jan 2024 at 06:02hrs | 9 | by Staff reporter
CCZ warns retailers on price distortions
The Consumer Council of Zimbabwe (CCZ) has issued a stern warning to retail outlets, demanding responsible pricing on all goods and strict adherence to the foreign currency auction system if operating...Published: 28 Dec 2023 at 10:27hrs | 8 | by Staff reporter
Zimdollar worse off since 2022
THE local currency, the Zimbabwean dollar, has continued to depreciate against the United States dollar on an unrestrained trajectory, despite various measures implemented by the Reserve Bank of Zimba...Published: 03 Dec 2023 at 19:20hrs | 8 | by Tinashe Duma
Ex ZPRA commanders appeals for assistance
FORMER Zpra commander John Maluzo Ndlovu is bitter over the neglect of veterans of the liberation struggle as he appealed to well-wishers to fund his medical bills for injuries sustained during the wa...Published: 26 Nov 2023 at 08:34hrs | 10 | by Staff reporter
Zimbabwe central bank must consider introducing a ZW$500 000 note
This week, a prominent price monitoring thinktank emphasized the need for the Reserve Bank of Zimbabwe (RBZ) to contemplate the introduction of a ZW$500,000 note as the Zimbabwean currency continues t...Published: 22 Oct 2023 at 14:06hrs | 1 | by Staff reporter
UN tells Zimbabwe to make changes to attract FDI
The United Nations (UN) has urged Zimbabwe to implement necessary changes to attract foreign direct investment (FDI) as global foreign assistance diminishes, moving away from quiet diplomacy. This adv...Published: 12 Oct 2023 at 06:41hrs | | by Staff reporter
Mnangagwa's son calls for urgent finance mobilisation
David Kudakwashe Mnangagwa, the newly-appointed Deputy Finance Minister, has emphasized the urgent need to explore innovative ways of mobilizing public and private resources to support sustainable eco...Published: 02 Oct 2023 at 06:27hrs | 4 | by Staff reporter
Zimbabwe gold production slumps 15%
ZIMBABWE'S gold production fell 15 percent to 19,3 tonnes in the first eight months of the year partly due to lack of funding by the small-scale miners to modernize operations.According to dat...Published: 20 Sep 2023 at 06:25hrs | | by Staff reporter
Gold tokens to become medium of exchange in Zimbabwe
THE Reserve Bank of Zimbabwe (RBZ) is finalising the modalities of rolling out the gold-backed digital tokens as a medium of exchange for domestic transactions to complement the US dollars, Governor D...Published: 10 Aug 2023 at 06:43hrs | 8 | by Staff reporter
'Zimbabwe inflation to reach double figures in 2024'
ZIMBABWE has recorded the highest poverty levels across the southern African region although inflation is expected to go down in 2024 as the government maintains a tight monetary policy and global pri...Published: 31 Jul 2023 at 07:00hrs | 6 | by Staff reporter
How to minimize stress at work
Work stress is inevitable, and there are some aspects of any job that can create tension. But long-term exposure to these stressors can lead to burnout and other undesired consequences for employees....Published: 28 Jul 2023 at 16:15hrs | 61 | by Staff Reporter
Dabengwa snub irks war veterans
Zapu ex-combatants have expressed frustration after the state failed to recognise Zodwa Dabengwa nee-Khumalo, the widow to the late liberation war stalwart, Dumiso Dabengwa, as a national heroine....Published: 09 Jul 2023 at 10:36hrs | 9 | by Staff reporter
Multichoice believes Zimbabwe may prove a better market than Nigeria
Multichoice, which is banking on economic and monetary policy reforms in Nigeria to offset exchange rate losses, considers Zimbabwe an important market that is better than its West African counterpart...Published: 06 Jul 2023 at 09:17hrs | 1 | by Staff reporter
Uncle Sam lacks moral authority to lecture on democracy
ON Thursday 29 June, President Mnangagwa addressed a gathering of small scale miners where he emphasised his Government's support to the most productive sectors of the economy. He told the min...Published: 03 Jul 2023 at 07:05hrs | 9 | by Ranga Mataire
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 20 | by Staff reporter
Zimbabwe business jittery as electioneering goes a gear up
The business community fears that the government could resort to exchange rate control to manage inflation and price increases. Picture: Shepherd TozvirevaZimbabwean businesses fear that Presi...Published: 25 Jun 2023 at 09:37hrs | | by Staff reporter
Busisiwe Mkhwebane merely annoyed agents of white monopoly capital
In my view, both Tina Joemat-Pettersson (may her soul repose peacefully) and Busisiwe Mkhwebane are victims of a system that lives off the subjugation of women, where women are treated very differentl...Published: 21 Jun 2023 at 17:18hrs | 1 | by Lindiwe Sisulu
Kembo Mohadi slams propaganda cartels
ZANU- PF Second Secretary, Kembo Mohadi has slammed Western media and propaganda cartels using social media for causing unwarranted panic among citizens through their ill-conceived messaging on price ...Published: 16 Jun 2023 at 07:51hrs | | by Staff reporter
Retailers defy Mnangagwa's government
SOME big supermarkets in Bulawayo are now exclusively charging certain goods and products in foreign currency and using the black-market rate for currency conversions in defiance of Government monetar...Published: 15 Jun 2023 at 06:44hrs | | by Staff reporter
Zimbabwe price manipulators to be locked up
EVIL machinations from the country's detractors to reverse successes registered by the Second Republic through asymmetrical warfare in the form of currency manipulation and price distortions will come...Published: 14 Jun 2023 at 06:32hrs | | by Staff reporter
'Shut down RBZ's irrelevant forex auction system'
ECONOMIC analysts this week said the central bank must close the foreign exchange auction system, saying it was no longer serving its purpose.The Reserve Bank of Zimbabwe (RBZ) last month limi...Published: 09 Jun 2023 at 06:33hrs | 4 | by Staff reporter
Zimdollar takes a heavy knock on RBZ Auction
THE Zimdollar tumbled by 43% on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction market effectively closing the parallel market gap which had become a source for market arbitrage in recent ...Published: 06 Jun 2023 at 17:58hrs | 1 | by Staff reporter
RBZ cannot control black market exchange rate
THE Reserve Bank of Zimbabwe (RBZ) is not responsible for the skyrocketing black-market exchange rate amid rising inflation in the country, according to the its senior payment systems analyst, Howard ...Published: 05 Jun 2023 at 06:48hrs | 1 | by Staff reporter
Zimdollar rates race to 3,000
In a significant blow to Zimbabwe's economy, the country's dollar experienced a sharp decline of 26 percent during Tuesday's foreign-exchange auction, a Bloomberg report said. The official exchange ra...Published: 24 May 2023 at 17:12hrs | | by Staff reporter
ZB expands its services to Botswana
THE ZB Financial Holdings Limited (ZB) has expanded its services to neighbouring Botswana as it seeks to grow its regional presence, it has been revealed.Last month, the group announced that i...Published: 24 May 2023 at 06:04hrs | | by Staff reporter
Mnangagwa's govt to investigate the latest spate of basic commodity price hikes
A CABINET committee has been set up to investigate the latest spate of basic commodity price increases as Government moves to ensure corrective measures are taken to protect consumers. The int...Published: 10 May 2023 at 05:57hrs | 5 | by Staff reporter
'Gold tokens will unlikely save Zimdollar'
THE recently-announced gold-backed digital tokens will neither strengthen the local currency nor reduce chronic inflation because of waning market confidence and trust in government, an economic watch...Published: 08 May 2023 at 06:12hrs | 1 | by Staff reporter
Bread price jumps 109% in Zimbabwe
THE average price of a standard loaf of bread shot to $1 800 which is equivalent to US$1,70 at the official exchange rate of $1 059,60 to the greenback.This represents a 109% hike on the $860 ...Published: 03 May 2023 at 06:07hrs | | by Staff reporter
What does Zim govt now want to 'investigate' when they've already dismissed Al Jazeera exposé as lies?
If the Zimbabwe regime were a soccer player, he would be the highest goal scorer!Although, not known for his prolific scoring against opponents - but, into his own net (own goals)!That...Published: 05 Apr 2023 at 12:34hrs | | by Tendai Ruben Mbofana
Zimbabwe dying slowly
It was a memorable journey back to Zimbabwe five years after I left the country in January 2018 just three months after the November 2017 coup.My friend and I arrived at the Musina border post...Published: 30 Mar 2023 at 11:46hrs | | by Leonard Koni
Farmers defend raw sugar price increase
Small-scale sugarcane farmers, who supply 45 percent of raw sugar in Zimbabwe, have defended the new price of the commodity after Gold Star suspended production at its refinery in Harare this week cit...Published: 17 Feb 2023 at 04:54hrs | | by Staff reporter
Next, university graduates will be 'hailing' Mnangagwa for capping them!
It is now a well-established fact that the state-controlled broadcaster, ZBC - as well as the rest of the state media in Zimbabwe - is an embarrassment not only to the journalism profession, but also ...Published: 17 Jan 2023 at 19:15hrs | | by Tendai Ruben Mbofana
Econet among Africa's top 250 companies
Econet Wireless Zimbabwe and EcoCash Holdings Zimbabwe Limited have been named among Africa's top 250 companies by the African Business magazine.Every Year the African Business top 2...Published: 17 Jan 2023 at 16:21hrs | | by Staff reporter
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