Search / Dollarisation
Mthuli Ncube unveils foreign currency income tax thresholds
Treasury has unveiled foreign currency denominated income tax bands that will see the tax free threshold pegged at US$350 while the highest bracket will be for those earning more than US$15 000 per mo...Published: 14 Sep 2020 at 06:31hrs | 4366 | by Staff reporter
Govt adopts quarterly salary reviews
FINANCE minister Mthuli Ncube yesterday said government had now resolved to review civil servants' salaries after every three months to hedge against runaway inflation rate.Ncube announced the...Published: 11 Sep 2020 at 07:32hrs | 5055 | by Staff reporter
'Zimbabwe political squabbling cripples business'
THE Zimbabwe National Chamber of Commerce (ZNCC) has called for political dialogue between President Emmerson Mnangagwa and MDC Alliance leader Nelson Chamisa, saying the standoff between the two main...Published: 11 Sep 2020 at 07:19hrs | 559 | by Staff reporter
Zimbabwe business opts for US dollars as base currency
TRANSACTIONS are increasingly occurring in United States Dollars which means that households that earn incomes in the Zimbabwe dollar including most poor households, will find it increasingly unafford...Published: 07 Sep 2020 at 06:33hrs | 1213 | by Staff reporter
Zimbabwe's dangerous drift puts Mnangagwa under spotlight
ZIMBABWE is quiet for now after President Emmerson Mnangagwa clamped heavily on dissent while figures who have led calls for protests have been locked up in jail, with investigative journalist Hopewel...Published: 04 Sep 2020 at 06:15hrs | 2270 | by Alfonce Mbizwo
Mnangagwa making Zimbabwe unsafe for citizens
OUTSPOKEN cleric and adviser to President Emmerson Mnangagwa, Shingi Munyeza, was at it again yesterday, accusing his boss of violating the Constitution and making the country unsafe for its citizens....Published: 31 Aug 2020 at 06:42hrs | 5305 | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 2566 | by Staff reporter
Mnangagwa two years on
THE Second Republic under President Mnangagwa has, in the two years of its span, recorded a number of milestones across sectors towards the achievement of Vision 2030 to transform the economy and impr...Published: 28 Aug 2020 at 06:47hrs | 529 | by Nqobile Tshili, Nduduzo Tshuma and Prosper Ndlovu
Zimbabwe govt urged to fully dollarise
GOVERNMENT should just fully dollarise the economy as the current dual pricing system is not benefiting the country's majority who get their salaries in local currency, a local economic development an...Published: 26 Aug 2020 at 07:15hrs | 4227 | by Staff reporter
Mangudya admits partial dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya, pictured, yesterday said the country partly dollarised to allow citizens to use foreign currency they get from their relatives in the diaspora....Published: 21 Aug 2020 at 19:28hrs | 1981 | by Staff reporter
Civil service salary talks in progress
DESPITE disruptions caused by Covid-19-induced restrictions, the Government is willing to conclude negotiations with unions representing civil servants over wages and other employment terms this month...Published: 19 Aug 2020 at 07:12hrs | 2230 | by Staff reporter
RBZ to buttress auction system
THE Reserve Bank of Zimbabwe (RBZ) says it will announce policy measures to buttress stability of the auction system and exchange rate when it delivers the Mid-term Monetary Policy Review this week....Published: 16 Aug 2020 at 08:14hrs | 1076 | by Staff reporter
Zimbabwe not dollarising, says RBZ
RESERVE Bank of Zimbabwe (RBZ) governor Dr John Mangudya, insists there is no going back on the process of de-dollarising the economy despite the growing use of the US dollar in most transactions, mor...Published: 10 Aug 2020 at 17:12hrs | 1789 | by Staff reporter
GNU best way out of Zimbabwe crisis
UNITED Kingdom-based lawyer and blogger Alex Magaisa last month published a list of beneficiaries of the Reserve Bank of Zimbabwe (RBZ) farm mechanisation programme, that included cabinet ministers, Z...Published: 07 Aug 2020 at 09:06hrs | 2315 | by Staff reporter
Mnangagwa's govt begs doctors to stop strike
GOVERNMENT yesterday begged senior doctors to reconsider their threat to go on strike from today as COVID-19 wreaks havoc in the health sector, with 253 healthcare workers (HCWs) falling victim to the...Published: 29 Jul 2020 at 13:06hrs | 906 | by Staff reporter
Kariba Sparkles But Economic Malaise Dulls The Shine
The Municipality of Kariba is on a charm offensive, softening and winning hearts, grinding impressive results and winning accolades. If this lasts, then the happy days will return to the resort town....Published: 27 Jul 2020 at 20:01hrs | 570 | by Laiton Kandawire: Patsaka-Nyaminyami Community Radio Environment and Tourism Correspondent
Zimbabwe headed for upheaval, report says
WITH security forces having seized control of economic and financial policy at a time of shrinking GDP and skyrocketing inflation, Zimbabwe is facing its worst crisis in more than a decade.Bas...Published: 19 Jul 2020 at 09:23hrs | 16868 | by Elliot Smith
Mangudya happy with currency, price trends
Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya on Friday expressed confidence in the direction the economy is taking in terms of achieving exchange rate and price stability.A key rol...Published: 19 Jul 2020 at 09:18hrs | 1486 | by Staff reporter
'July 31 demo is not about graft'
THE government has said it is convinced that far from being an anti-corruption demonstration, the planned July 31 protests are meant to remove the government of President Emmerson Mnangagwa from power...Published: 14 Jul 2020 at 20:25hrs | 3575 | by Staff reporter
Zimbabwe's reserve money falls to $11,26 billion
The Reserve Bank of Zimbabwe (RBZ) says introduction of the foreign currency market auction system saw reserve money falling by 11% to $11,26 billion as at July 3.Zimbabwe conducted its first ...Published: 12 Jul 2020 at 10:50hrs | 1205 | by Staff reporter
Smells like November 2017
WHEN harvesting is completed in many parts of rural Zimbabwe, there are many rituals that take place.Villagers hold night vigils, sing and dance, but more importantly for those who love blood ...Published: 11 Jul 2020 at 08:10hrs | 1983 | by Paidamoyo Muzulu
Pressure mounts on Mnangagwa
Pressure is mounting on President Emmerson Mnangagwa's administration to resolve the economic crisis as the cost of living skyrockets.This comes as the local currency continues to lose value a...Published: 09 Jul 2020 at 20:53hrs | 9752 | by Staff reporter
Zanu-PF sweating over the planned July 31 mass protests
JITTERY Zanu-PF officials are sweating over the planned July 31 mass protests, which they claim are meant to topple President Emmerson Mnangagwa from power.Addressing a party meeting in Harare...Published: 08 Jul 2020 at 18:29hrs | 2404 | by Staff reporter
BCC to bill in forex
Bulawayo City Council (BCC) is considering billing residents in foreign currency and has re-adopted selling of residential stands in US dollars. The local authority, in the latest council repo...Published: 02 Jul 2020 at 18:35hrs | 1739 | by Staff reporter
100 retail operators arrested for not accepting Zimdollar, bond notes
Refusing to accept the Zimdollar and bond notes as payment for goods has landed 102 Zimbabwean business owners and retail employees in trouble, with 28 of these appearing in court as the government en...Published: 01 Jul 2020 at 19:55hrs | 3961 | by Staff reporter
Mnangagwa told to engage rivals
RETURNING Zanu-PF liberation stalwart, Rugare Gumbo, pictured, has implored President Emmerson Mnangagwa to join hands with the opposition and other social formations to end the country's deepening po...Published: 29 Jun 2020 at 18:50hrs | 3489 | by Staff reporter
'Mnangagwa facing an imminent end to his reign'
THE MDC Alliance leadership has come out guns blazing, threatening a showdown with President Emmerson Mnangagwa, urging him to "resign or face the wrath of the people" in the wake of severe economic a...Published: 28 Jun 2020 at 08:26hrs | 6261 | by Staff reporter
MDC Alliance itches for Mnangagwa showdown
THE MDC Alliance leadership has come out guns blazing, threatening a showdown with President Emmerson Mnangagwa, urging him to "resign or face the wrath of the people" in the wake of severe economic a...Published: 28 Jun 2020 at 08:20hrs | 809 | by Staff reporter
Zimbabwe economy run by master criminals fleecing the poor
Ordinary Zimbabweans have suffered for years as a result of currency manipulation and corruption by the elites who have siphoned US dollars away into their overseas bank accounts. Now, a recent ruling...Published: 28 Jun 2020 at 08:11hrs | 1517 | by Thandekile Moyo
Chamisa loses Harvest House row
UNDERFIRE opposition MDC Alliance leader Nelson Chamisa has lost legal battle for control of the party headquarters, Morgan Richard Tsvangirai House, popularly known as Harvest House, after the High C...Published: 27 Jun 2020 at 08:39hrs | 5073 | by Staff reporter
'RBZ's forex auction system not panacea to Zimdollar volatility'
THE Confederation of Zimbabwe Industries (CZI) has cautioned that curtailing the increase in broad money supply, among a range of fiscal measures, would ensure the success of the foreign currency auct...Published: 26 Jun 2020 at 07:50hrs | 1963 | by Staff reporter
De-dollarisation recipe for disaster: Lessons from Peru
THE following are the numerous questions that need to be addressed about the Reserve Bank of Zimbabwe (legal tender) Regulations, SI 142.Has government addressed the fundamentals which lead to...Published: 26 Jun 2020 at 07:42hrs | 1658 | by Justice Dzama
'Zimbabwe slowly but surely re-dollarising'
GOVERNMENT last week announced a 50% increment and a Covid-19 allowance of US$75 for civil servants and US$30 for pensioners. This is despite government earlier banning the multi-currency regime and m...Published: 26 Jun 2020 at 07:39hrs | 1490 | by Staff reporter
Mnangagwa diverting attention with 'wolves in sheep clothing'
PRESIDENT Emmerson Mnangagwa's recent concession that all was not well in his administration did not come to us as a surprise, what we are more keen on is knowing what steps is he going to take to dea...Published: 26 Jun 2020 at 07:26hrs | 525 | by Staff reporter
How RBZ, govt sabotaged plans to restore Zimdollar
UNITED States $75 allowances and allowing retailers to trade in forex show a government shifting into reverse gear, possibly ditching two years' worth of policy steps to end dollarisation.The ...Published: 26 Jun 2020 at 07:26hrs | 6362 | by Staff reporter
Retail shops reject local currency
Reports from Habakkuk Trust Community Advocacy Action Teams in Matabeleland Province indicate that a significant number of shops are refusing to transact in local currency.The trust in a repor...Published: 25 Jun 2020 at 08:24hrs | 3990 | by Stephen Jakes
'Zimbabwe needs bailout or political breakthrough'
Zimbabwe cannot revive its economy without an international bailout, but any bailout is most likely to come with political and economic conditions attached to it. This comes as the economy is forecast...Published: 24 Jun 2020 at 17:44hrs | 897 | by Staff reporter
New US$ pricing sparks confusion
THERE was massive confusion yesterday as retail shops were meant to start charging their goods in both American dollars and the local currency, the Daily News reports.Instead of making life ea...Published: 24 Jun 2020 at 17:22hrs | 4074 | by Staff reporter
Mnangagwa's move to pay civil servants USD allowances is 'crazy'
The Zimbabwean government's move to pay its workers US dollar-denominated allowances as the southern African country struggles to stabilise its local currency has been described as "crazy" by an econo...Published: 23 Jun 2020 at 18:19hrs | 1765 | by Staff reporter
Mthuli Ncube challenged to shape up or quit
THE pressure is mounting on under-fire Finance minister Mthuli Ncube, with Members of Parliament challenging him this week to fix the country's comatose economy or resign from his Cabinet post....Published: 20 Jun 2020 at 17:46hrs | 3019 | by Staff reporter
Biti tells Mthuli Ncube to resign
MDC top politician, Tendai Biti says Mthuli Ncube should apologise to Zimbabweans and gracefully resign as Finance Minister after almost single-handedly messing up the national economy through a slew ...Published: 20 Jun 2020 at 08:37hrs | 4903 | by Staff reporter
Mnangagwa told to fix politics to save economy
BOTH political and economic experts have implored President Emmerson Mnangagwa and Zanu-PF to move with urgency to resolve Zimbabwe's long running political crisis if the deepening local economic rot ...Published: 19 Jun 2020 at 17:19hrs | 6000 | by Staff reporter
Zimbabwe's economic collapse govt's own doing
PRESIDENT Emmerson Mnangagwa's claims that the deepening economic crisis is the work of his political detractors and greedy businesspeople reflect the government's failure to take responsibility for i...Published: 19 Jun 2020 at 08:25hrs | 1622 | by Staff reporter
Zimbabwe instability blights Common monetary Area prospects
FORMER Finance minister Tendai Biti says Zimbabwe's economic crisis, characterised by currency volatility, 785% inflation, a gargantuan debt stock estimated at US$10 billion and dwindling exports, hin...Published: 19 Jun 2020 at 08:25hrs | 808 | by Staff reporter
'Zimbabwe's US dollar allowance to stimulate economic activity'
GOVERNMENT'S move to pay civil servants a United States dollar allowance may stimulate economic activity in the shortterm, but will expedite re-dollarisation, economic analysts have said.Gover...Published: 19 Jun 2020 at 08:20hrs | 1673 | by Staff reporter
Zimbabwe forex auction system ill-advised: Analysts
GOVERNMENT'S re-introduction of the forex auction system as Zimbabwe effectively re-dollarises could have disastrous consequences because the country does not have adequate sources of foreign currency...Published: 19 Jun 2020 at 08:15hrs | 1385 | by Staff reporter
Chamisa insists that ball is in Mnangagwa's court
AS ZIMBABWE'S political and economic crises continue to deepen, Nelson Chamisa says the ball is in President Emmerson Mnangagwa's court to initiate sincere and inclusive national dialogue to help reso...Published: 18 Jun 2020 at 17:47hrs | 5124 | by Staff reporter
Prices go haywire
IN A development which signals the effective and official re-dollarisation of the local economy, under-fire Finance minister Mthuli Ncube, pictured, yesterday awarded restive government workers and pe...Published: 18 Jun 2020 at 17:45hrs | 7456 | by Staff reporter
$1,4 billion cash in circulation, says RBZ
THE total amount of Zimbabwe dollar coins and notes in circulation is $1,47 billion according to June 4 figures from the Reserve Bank of Zimbabwe.A central bank report shows that cash in circu...Published: 18 Jun 2020 at 08:21hrs | 742 | by Staff reporter
Mnangagwa pulled the plug on shady Covid-19 deals, claims Charamba
WITH the advent of the global pandemic, coronavirus (Covid-19), many civil society organisations have called for transparency in the use of various donations that the government has been receiving....Published: 14 Jun 2020 at 19:01hrs | 1983 | by Staff reporter
Load More Stories
