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Redwing: a tale of plunder, impunity, chaos and death
Redwing Gold Mine, once touted as a giant gold mining venture capable of transforming the quality of life in the Penhalonga area of Manicaland province and a cash cow for the national economy, has bec...Published: 26 mins ago | 32 | by Staff reporter
Zimbabwe millers, retailers in stand-off over mealie meal
The Grain Millers Association of Zimbabwe (GMAZ) says mainstream retail shops have low stocks of mealie meal because they want the product on credit terms at a time the exchange rate is volatile....Published: 4 hrs ago | 56 | by Staff reporter
US foreign policy and the Zimbabwe dollar!
In my life journey, my three years stay in Jamaica was probably the most traumatic and most revealing as to how the imperialists work.I am, therefore, surprised that Mthuli Ncube and his handl...Published: 4 hrs ago | 83 | by Kenneth Mufuka
Banks scale back Zimbabwe dollar lending
BANKS have significantly reduced lending in the local currency ever since monetary authorities hiked interest rates last year to prevent rent-seeking behaviour by individuals and corporates, Reserve B...Published: 4 hrs ago | 29 | by Staff reporter
AMH journalists declare incapacitation
Journalists from Alpha Media Holdings (AMH), the biggest privately owned media Company in the country, have declared incapacitation and have not been reporting for work The Mirror reported.A s...Published: 03 Jun 2023 at 08:25hrs | 479 | by Staff reporter
Did war vets collapse Zimdollar?
I HEAR many Zimbabweans suggesting that Zimbabwe was driven to bankruptcy and the crash of the dollar by paying war veterans in 1997.However, this perception is wrong because Zimbabwe printed ...Published: 03 Jun 2023 at 08:19hrs | 357 | by Rutendo Matinyarare
Mthuli Ncube feels heat
THE government's ambitious growth projections are unlikely to be met because of protracted blackouts, which have stifled exports and further weakened the local currency.In December last year, ...Published: 02 Jun 2023 at 18:17hrs | 1219 | by Staff reporter
Chamisa knows where to find me, says Mnangagwa
OPPOSITION political party leaders should feel free to approach the Head of State for dialogue directly as opposed to using proxies, the media and third parties, President Mnangagwa has said.P...Published: 02 Jun 2023 at 06:51hrs | 2599 | by Staff reporter
Zimdollar in spectacular crash
THE Zimbabwe dollar crashed by a whopping 60% against the United States dollar in May alone, underlining a raging economic crisis that has wiped salaries and sent prices soaring.Zimbabwe's eco...Published: 02 Jun 2023 at 06:48hrs | 1547 | by Staff reporter
Mangudya rules out dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday claimed that past experiences, rather than basic economic issues, were to blame for the country's exchange rate volatility, as he ruled ...Published: 02 Jun 2023 at 06:46hrs | 342 | by Staff reporter
UZ lecturers declare incapacitation
UNIVERSITY of Zimbabwe (UZ) lecturers have declared incapacitation, joining a growing list of workers in the private and public sectors pushing for United States dollar salaries.In a letter ad...Published: 02 Jun 2023 at 06:45hrs | 497 | by Staff reporter
EcoCash posts $4,76bn loss
ECOCASH Holdings Zimbabwe Limited (EHZL) has posted a $4,76 billion loss for its financial year ended February 28, 2023 owing to monetary exchange losses worth $30,1 billion linked to its failure to r...Published: 02 Jun 2023 at 06:44hrs | 239 | by Staff reporter
Stage set for bruising August 23 polls
ZIMBABWEANS head to the polls on August 23 after President Emmerson Mnangagwa made the long-awaited proclamation yesterday.Mnangagwa's proclamation in an Extraordinary Government Gazette set t...Published: 02 Jun 2023 at 06:44hrs | 157 | by Staff reporter
Mnangagwa threatens to legislate against foreign currency use
PRESIDENT Emmerson Mnangagwa has, in a yet-to-be-aired interview, declared Zimbabwe will continue using its waning currency despite it fast-losing value.In snippets of the interview shared by ...Published: 02 Jun 2023 at 06:43hrs | 1205 | by Staff reporter
'Zimbabwe has no capacity for full dollarisation'
RESERVE Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, has urged Zimbabweans to embrace the local currency saying the country has no capacity to sustain a fully dollarised economy.While th...Published: 02 Jun 2023 at 06:42hrs | 145 | by Staff reporter
RBZ clarifies new forex surrender policy
THE Reserve Bank of Zimbabwe (RBZ) is set to meet with the Bankers Association of Zimbabwe (BAZ) and Accountant General with a view to map the way forward on the use of foreign exchange from the 25 pe...Published: 02 Jun 2023 at 06:40hrs | 170 | by Staff reporter
The US Dollar to be rendered useless by year end
China's place on the world stage advances year by year. It is arguably already the world's largest economy. Its Belt and Road Initiative and its other international links like the BRICS have helped to...Published: 02 Jun 2023 at 06:32hrs | 918 | by Erick Matotoba
Labour quota system key to reducing future conflict in Zimbabwe
The current president of NMWUZ - National Mine Workers' Union of Zimbabwe, Mr Kurebwa Javangwe Nomboka during an interview on labour and the combined 2023 Presidential, Parliamentary and Local Governm...Published: 01 Jun 2023 at 18:39hrs | 233 | by Maxwell Teedzai
Chamisa blames Mnangagwa for soaring prices
CITIZENS Coalition for Change (CCC) President Nelson Chamisa has blamed President Emmerson Mnangagwa and Finance Minister Mthuli Ncube for Zimbabwe's runaway inflation that has seen prices of basics g...Published: 01 Jun 2023 at 06:56hrs | 891 | by Staff reporter
'Dump Zimdollar'
ECONOMIC analysts have said Finance minister Mthuli Ncube's new measures introduced on Monday have very little chance of saving the Zimbabwe dollar from collapse.They instead advised Ncube to ...Published: 01 Jun 2023 at 06:47hrs | 1040 | by Staff reporter
Stage set for bruising August 23 polls in Zimbabwe
ZIMBABWEANS head to the polls on August 23 after President Emmerson Mnangagwa made the long-awaited proclamation yesterday.Mnangagwa's proclamation in an Extraordinary Government Gazette set t...Published: 01 Jun 2023 at 06:46hrs | 306 | by Staff reporter
Low tariffs chew into Econet earnings
ECONET Wireless Zimbabwe (EWZ) has posted a near $17 billion loss for the year ended February 28, 2023, owing to a 317,14% increase in exchange losses during the period as the local currency tumbled....Published: 01 Jun 2023 at 06:45hrs | 159 | by Staff reporter
Mealie-meal shortage hits Zimbabwe?
ILLICIT deals involving some unscrupulous suppliers and traders have been blamed for creating artificial shortages of mealie-meal in formal shops while the commodity is being diverted to the streets a...Published: 01 Jun 2023 at 06:42hrs | 373 | by Staff reporter
ConCourt backs RBZ on US dollar conversion
The 2018 decision by the Reserve Bank of Zimbabwe (RBZ) to convert all US dollar balances in Zimbabwean bank accounts to local currency was quite constitutional the Constitutional Court ruled yesterda...Published: 01 Jun 2023 at 06:40hrs | 268 | by Staff reporter
Zimbabwe govt to cushion workers' salaries
Civil servants salaries will soon be reviewed to cushion them from price hikes as the Government remains resolute in supporting and improving the welfare of its workers, a Cabinet Minister has said....Published: 01 Jun 2023 at 06:39hrs | 425 | by Staff reporter
Zimbabwe's Growing Casino Industry: Opportunities and Challenges
On the global economic landscape, all eyes are steadily shifting over to Africa. Countries on this continent are taking strides in growing. Double-digit growth rates are impossible for the rest of the...Published: 31 May 2023 at 17:31hrs | 131 | by Mila Roy
Mthuli Ncube says currency manipulators won't rest
Currency manipulators and economic saboteurs will always be lurking about looking for opportunities and loopholes to unjustly profiteer but authorities will also be always ready to institute measures ...Published: 31 May 2023 at 06:58hrs | 331 | by Staff reporter
President Ruto asks Africans to ditch the US Dollar
President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the conti...Published: 30 May 2023 at 22:32hrs | 998 | by Erick Matotoba
Mthuli Ncube banks on new currency measures
Finance minister Mthuli Ncube on Monday announced new measures to encourage the use of the Zimbabwe dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer infl...Published: 30 May 2023 at 15:10hrs | 1244 | by Staff reporter
Mthuli Ncube announces policy measures to stabilize the economy
The Minister of Finance and Economic Development, Professor Mthuli Ncube, has announced policy measures which are meant to stabilize the local currency and stimulate the economy.The measures w...Published: 30 May 2023 at 11:50hrs | 612 | by Staff reporter
Mnangagwa govt failure to curb graft stalling development
OPPOSITION United Movement for Devolution (UMD) leader Lovemore Moyo has accused government of failing to deal with corruption saying graft has hindered financing of development projects.Moyo ...Published: 30 May 2023 at 06:50hrs | 211 | by Staff reporter
'Mthuli Ncube's shop raids a publicity stunt'
ECONOMISTS have described Finance minister Mthuli Ncube's weekend raids on retail shops to check on pricing of basic commodities as a publicity stunt after failing to tame the country's runaway inflat...Published: 30 May 2023 at 06:48hrs | 425 | by Staff reporter
ZB moves to lay off excess staff
ZB Financial Holdings Limited (ZBFHL) will be shedding some of its staff via a recently completed voluntary disengagement scheme, after reporting a rise in staffing costs of over 100% last year....Published: 30 May 2023 at 06:46hrs | 615 | by Staff reporter
Mthuli's theatrics expose government lack of seriousness in addressing Zim economic crisis!
So, finance minister Mthuli Ncube, over the weekend, went around shops in Bulawayo, like a crazed vigilante, tearing down tags displaying prices strictly in US dollars!He even berated a haples...Published: 29 May 2023 at 23:02hrs | 539 | by Tendai Ruben Mbofana
NetOne threatens to blacklist dealers for overpricing
TELECOMMUNICATIONS operator, NetOne, has embarked on a drive to intensify its distribution channels countrywide in a bid to neutralize parallel market speculators and make its SIM card readily availab...Published: 29 May 2023 at 19:33hrs | 107 | by Staff reporter
Zimbabwe govt departments warned for dumping Zimdollar
Finance and Economic Development secretary George Guvamatanga has warned government departments to desist from giving preference to clients paying for services in US dollars as opposed to local curren...Published: 29 May 2023 at 06:43hrs | 1817 | by Staff reporter
Jonathan Moyo issues a warning
EXILED former cabinet minister, Jonathan Moyo has warned that the recent threats by Finance minister Mthuli Ncube to crack down on businesses over price hikes will only worsen the already dire situati...Published: 29 May 2023 at 06:41hrs | 7018 | by Staff reporter
Redollarise, labour tells Zimbabwe govt
CALLS for the government to redollarise Zimbabwe's economy are growing louder, with labour unions saying it would arrest inflation which has wiped out salaries.Zimbabwe's month-on-month inflat...Published: 29 May 2023 at 06:35hrs | 633 | by Staff reporter
At what stage does a President concede failure?
IF I were the President of Zimbabwe - what would I be expected to do under the prevailing economic circumstances?The country goes for an average 20 hours each day without electricity, and most...Published: 29 May 2023 at 06:34hrs | 251 | by Tendai Ruben Mbofana
Zimdollar not going anywhere
THE Treasury has assured the market of continued usage of the local currency and that deliberate steps are being taken to strengthen its value so as to restore consumer purchasing power and buttress t...Published: 29 May 2023 at 06:32hrs | 368 | by Staff reporter
Sanctions eroding value of Zimdollar
The depreciation of the Zimbabwe dollar is partly due to illegal economic sanctions imposed on the country by Western countries, the African Development Bank (AfDB) said in its African Economic Outloo...Published: 29 May 2023 at 06:30hrs | 191 | by Staff reporter
Massive price hikes throw the Zimbabwe economy into turmoil
THE Zimbabwean government is having sleepless nights over price hikes, which have continued unabated, plunging low-income earners into immense poverty, a snap survey by The NewsHawks.Commodity...Published: 28 May 2023 at 17:54hrs | 774 | by Staff reporter
A critical review of Al Jazeera's Gold Mafia documentary
APRIL, famously characterised as "the cruellest month" by distinguished poet and literary critic TS Eliot in his critically acclaimed essay "The Wasteland" - not because its first day celebrates fools...Published: 28 May 2023 at 17:07hrs | 709 | by Jonathan Moyo
At what stage does a president concede he has failed?
If I were the president of Zimbabwe - what would I be expected to do under these circumstances?The country goes for an average 20 hours each and every day without electricity, and most urban a...Published: 28 May 2023 at 16:02hrs | 236 | by Tendai Ruben Mbofana
Chamisa's CCC needs over US$200 000 to field candidates through out Zimbabwe
Citizens Coalition for Change (CCC) says it needs over US$200 000 to field candidates through out the country in the upcoming elections.ZEC gazetted SI 144 of 2022 on the Electoral (Nomination...Published: 28 May 2023 at 14:58hrs | 542 | by Staff reporter
Ziyambi stutters as Mliswa demands answers
JUSTICE Minister had to request Parliament for more time to 'investigate and document' how Zimbabwe's vast array of minerals were benefiting ordinary citizens after Independent Norton legislator Temba...Published: 28 May 2023 at 08:12hrs | 5955 | by Staff reporter
Mnangagwa govt fails to rig price hikes
The Reserve Bank of Zimbabwe (RBZ) has frozen bank accounts of four major distributors of basic commodities as President Emmerson Mnangagwa's government scrambles to find solutions to soaring prices a...Published: 28 May 2023 at 08:09hrs | 164 | by Staff reporter
Zimbabwe toothpaste maker faces closure
The country's only toothpaste maker - Merken- is in danger of going out of business following the government's decision to allow the unfettered entry of the products it manufactures into the country, ...Published: 28 May 2023 at 08:07hrs | 274 | by Staff reporter
Mthuli Ncube confronts Osiphatheleni
THERE was drama around Tredgold Building, which houses the Bulawayo Magistrate Courts yesterday, as illegal money changers ran away at the sight of the Minister of Finance and Economic Development, Pr...Published: 28 May 2023 at 08:03hrs | 385 | by Staff reporter
Zimbabwe's FIU to probe businesses inflating prices for USD bank transfers
THE Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has said it will investigate unethical behaviour exhibited by various businesses after it emerged that they are forcing customers to pa...Published: 28 May 2023 at 08:00hrs | 56 | by Staff reporter
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