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Mnangagwa must act on economic decay
EDITOR,Recently, I went to a supermarket to do my groceries for the month, I was shocked to realise that a 2kg mixed portion chicken is now ranging between $15 to $18, a 2-litre concentrate ju...Published: 14 hrs ago | 1756 | by Concerned Citizen
Angry Mnangagwa lashes 'unpatriotic and inhumane' forces
PRESIDENT Emmerson Mnangagwa yesterday accused some businesses of being "unpatriotic and inhumane" following the recent sharp hikes in the prices of basic consumer goods around the country.At ...Published: 19 Apr 2019 at 11:10hrs | 2388 | by Staff reporter
Rebirth of the Zimdollar
Zimbabwean central bank authorities have a traceable record of overnight monetary policy changes. Memories of the former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono era of monetary policy hip-...Published: 19 Apr 2019 at 11:09hrs | 1183 | by Paddington Masamha
MDC losing candidate donates to Chiredzi clinic
MDC Alliance's losing candidate for Chiredzi West constituency during last year's elections has donated an ambulance, 30 wheelchairs, three 5 000-litre water tanks, blood pressure testing machines, be...Published: 19 Apr 2019 at 07:29hrs | 469 | by Staff reporter
Beitbridge on massive expansion drive
BEITBRIDGE Municipality, expected to reap a good chunk off spin-offs from the expansion of the Beitbridge Border Post, has already received ground-paving bricks worth thousands of dollars for use in t...Published: 19 Apr 2019 at 07:27hrs | 703 | by Staff reporter
FULL TEXT: President Mnangagwa's full Independence speech
President Emmerson Mnangagwa today delivered his first Independent speech at the national Sports Stadium. In the speech Mnangagwa paid tribute to the victims of Cyclone Idai both from Zimbabwe...Published: 18 Apr 2019 at 20:41hrs | 3135 | by Mandla Ndlovu
Boarding schools hike fees
Most boarding schools in Matabeleland have increased fees to between RTGS$1 200 and RTGS$1 500 a term and many parents said they are contemplating withdrawing their children because they cannot afford...Published: 18 Apr 2019 at 07:06hrs | 526 | by Staff reporter
ZANU PF MP fingers criminals in price increase
Gokwe-Nembudziya Member of Parliament Mayor Justice Wadyajena says the increase in prices of basic commodities is engineered by business criminals whose benefit thrives when the masses suffer. ...Published: 17 Apr 2019 at 19:01hrs | 6209 | by Mandla Ndlovu
Zimbabwe black market running amok
GOVERNMENT is facing renewed pressure on the economic front, with the parallel foreign currency market once again running amok — pushing the prices of basic consumer goods like bread beyond the reac...Published: 17 Apr 2019 at 07:25hrs | 30249 | by Staff reporter
Zimbabwe needs a weak currency to stimulate production, exports
Shortly after the government was sworn in August 2018, they agreed to an economic and monetary reform programme. Since then, much of this ambitious plan has been implemented and the consequences have ...Published: 17 Apr 2019 at 07:15hrs | 1133 | by Eddie Cross
RTGS$ to stabilise, gain value, insists Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has expressed confidence that the RTGS dollar will stabilise and gain value beyond the prevailing market volatility as Government for...Published: 17 Apr 2019 at 07:02hrs | 3087 | by Staff reporter
'I am not a CIO operative,' says Tundiya
SHEPHERD Tundiya, the man described as a con-artist by four legislators that appeared before the Parliamentary Privileges Committee last week facing allegations of soliciting for a $400 000 bribe from...Published: 16 Apr 2019 at 18:38hrs | 2963 | by Staff reporter
Price hikes thwart salary increase relief
Janet Ncube*, a nurse who like all civil servants received a 29% salary increment on Monday, got angry when she woke up to the news of an effective 94% price increase for bread only a day later....Published: 16 Apr 2019 at 18:38hrs | 3292 | by James Thompson
How prioritising Quality over Kwariti, would make Zimbabwe Great
In a World where the best are measured by success, Zimbabwe would excel if we learnt the art of prioritising quality in everything. Quality distinguishes the mundane from the best. Best educated, best...Published: 16 Apr 2019 at 12:09hrs | 691 | by Ryton Dzimiri
Salary increment, Zimbabwe workers demanding a living wage for enhanced production
Zimbabwean workers have been hailed globally for being highly competent and hard working. In a sharp contrast back home they are scorned by their own government at times they are labeled as lazy and u...Published: 15 Apr 2019 at 10:15hrs | 1899 | by ARTUZ
Why are slot games so popular?
Sipping a cup of coffee as you sit down and observe how the casino works, you'll certainly find it boring and a waste of financial resources. However, as you begin exposing yourself in the field of ga...Published: 15 Apr 2019 at 08:52hrs | 7557 | by Staff Writer
'I NOW realise corruption is deep-root' confessed ED - nonsense, you are the godfather
"I now realise that corruption is deep-rooted. I thought that by pronouncing that let's fight corruption those who are corrupt will fear and stop; it's not like that. It's so rooted that you have to f...Published: 15 Apr 2019 at 08:19hrs | 1527 | by Nomusa Garikai
New currency triggers panic in Zimbabwe
Long-suffering Zimbabweans should brace for even tougher economic times ahead, following last week's surprise announcement by Finance minister Mthuli Ncube that the country would have yet another curr...Published: 15 Apr 2019 at 06:57hrs | 6912 | by Staff reporter
Tobacco income down 76%
TOBACCO sales have generated $19,4 million in the first 17 days of the marketing season this year compared to $81 million realised over the same period last year, statistics from the industry regulato...Published: 15 Apr 2019 at 06:49hrs | 1150 | by Staff reporter
A look at Zimbabwe's property market
Even though the Zimbabwean property market faces many challenges, it has always been characterised by a high demand and a corresponding low supply – ensuring that the market has always been very act...Published: 14 Apr 2019 at 16:29hrs | 1881 | by Staff reporter
Mozambique threatens Zimbabwe over delayed wheat import payments
BEIRA port officials have threatened to stop Zimbabwe wheat cargo from using the terminal after inordinate delays in payment and collection of bonded consignments.Zimbabwe, through the Grain M...Published: 14 Apr 2019 at 15:45hrs | 603 | by Staff reporter
Mutsvangwa blames 'Queen Bee' for high fuel prices
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zanu-PF to gain an unfair advantage in the supply of fuel to the southern African nation.The...Published: 14 Apr 2019 at 10:12hrs | 5074 | by Joseph Cotterill and David Sheppard I Financial Times
Marriot International to finalise US$500 million deal for Zimbabwe hotel
GLOBAL hospitality group, Marriot International will next month finalise its US$500 million deal with a local company that will see the company constructing a boutique hotel and a riverside camp in Vi...Published: 14 Apr 2019 at 10:05hrs | 1157 | by Staff reporter
Zimbabwe says US$ not good for economy
ZIMBABWE's continued use of the United States dollar is no longer sustainable for the economy as it hurts industry's competitiveness, a Cabinet minister has said.Industry and Commerce minister...Published: 14 Apr 2019 at 10:03hrs | 1478 | by Staff reporter
MDC against IMF's support for Zimbabwe
The proposed IMF Staff Monitored Program is an entry point for full support of the regime and it ignores the factors arresting the Zimbabwean economy. Zimbabwe has had a stolen election; ...Published: 13 Apr 2019 at 15:56hrs | 1508 | by Jacob Mafume
Zimbabwe's GDP grew by 4% in 2018
Zimbabwe's economy grew by 4 percent last year, below an initial target of 4.5 percent, treasury said on Thursday, as the country struggles with a severe shortage of dollars and surging inflation....Published: 13 Apr 2019 at 13:33hrs | 305 | by Reuters
Mthuli Ncube lampooned over new currency plans
Finance minister Mthuli Ncube yesterday came under fire from economists who accused him of rushing to announce plans to re-introduce the Zimbabwe dollar before addressing factors which led to its coll...Published: 13 Apr 2019 at 13:17hrs | 2141 | by Staff reporter
Is it now conducive to introduce new currency in Zimbabwe?
FOR many years now, ever since Zimbabwe realised that it was pointless to keep propping up its useless hyperinflation-ravaged Zimbabwe dollar, the rallying call from government has been that the count...Published: 13 Apr 2019 at 13:13hrs | 782 | by Staff reporter
2017 military coup ghosts spooking Mnangagwa govt
THE wife of killed Central Intelligence Organisation (CIO) boss Peter Munetsi (pictured), who died in military detention during the November 2017 coup which ousted former president Robert Mugabe, Ross...Published: 12 Apr 2019 at 13:55hrs | 3199 | by Staff reporter
Mnangagwa's anti-corruption campaign insincere
THE failure by President Emmerson Mnangagwa's government to tackle high-level corruption-which has contributed immensely to economic decay-has raised serious questions about his sincerity to fight the...Published: 12 Apr 2019 at 13:49hrs | 979 | by Staff reporter
Mnangagwa fumes
PRESIDENT Emmerson Mnangagwa yesterday warned retailers and companies against "unjustified" price increases which he said had brought untold suffering to ordinary Zimbabweans.Incidentally, as ...Published: 12 Apr 2019 at 08:24hrs | 13341 | by Staff reporter
NRZ artisans threaten strike
ARTISANS at the National Railways of Zimbabwe (NRZ) are threatening to down tools over non-payment of salaries. In a statement, the Railways Artisans Union (Rau) said its members have not been paid th...Published: 12 Apr 2019 at 08:22hrs | 608 | by Staff reporter
Killed CIO boss' wife demands US$600 000
THE wife of killed Central Intelligence Organisation (CIO) boss Peter Munetsi (pictured), who died in military detention during the November 2017 coup which ousted former president Robert Mugabe, Ross...Published: 12 Apr 2019 at 08:08hrs | 4718 | by Staff reporter
WATCH: Mthuli Ncube says, 'Zimbabwe to introduce new currency 'in next 12 months'
FINANCE minister Mthuli Ncube has revealed that the country will have its own "new, fully-fledged currency" within the next 12 months to ease the cash shortages on the market.In an interview w...Published: 12 Apr 2019 at 07:17hrs | 6422 | by Staff reporter
Zimbabwe's fuel pipeline allegedly 'captured' by Trafigura
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zimbabwe's ruling party to gain an unfair advantage in the supply of fuel to the southern Africa...Published: 12 Apr 2019 at 07:13hrs | 1583 | by Joseph Cotterill and David Sheppard
'Exports, investor confidence to jumpstart forex inflows'
The Reserve Bank of Zimbabwe (RBZ) says the country's forex situation will improve as the year progresses on the back of increased confidence and growing exports.RBZ deputy director for econom...Published: 12 Apr 2019 at 06:42hrs | 179 | by Staff reporter
The dynamics of smuggling in Zimbabwe
Catch me if you can, is a phrase that may describe the goings on at Zimbabwe's ports of entry as the Treasury continues to lose millions of dollars in revenue due to smuggling and other criminal activ...Published: 11 Apr 2019 at 16:39hrs | 1736 | by Staff reporter
Redwing Mine workers engage in massive strike
Workers at Redwing Mine have been picketing at the mine premises since 1 April. The contract workers had their employment contracts terminated on 31 March. They had not been paid for 15 months. Collec...Published: 11 Apr 2019 at 14:29hrs | 849 | by Mandla Ndlovu
Lawyers dump #ShutdownZimbabwe protestors
The Zimbabwe Lawyers for Human Rights (ZLHR) have reportedly dumped accused persons who were arresting over the violent protests that rocked the country on January14.Opposition activist Jospha...Published: 11 Apr 2019 at 09:24hrs | 5422 | by Mandla Ndlovu
Zim EFF dismayed by Mnangagwa's decision to compensate White farmers
The Zim EFF is dismayed by the government of Zimbabwe's decision to compensate White farmers for the land that was lawfully and rightfully repossessed under the government's land redistribution progra...Published: 11 Apr 2019 at 08:12hrs | 2978 | by Zim EFF Media Relations
Mthuli Ncube to update IMF on Zimbabwe
FINANCE and Economic Development Minister Professor Mthuli Ncube is in Washington DC, the United States of America (USA) for the International Monetary Fund and World Bank 2019 Spring Meetings, where ...Published: 11 Apr 2019 at 07:14hrs | 430 | by Staff reporter
How Chiwenga's soldiers killed two Israeli snipers
Commandos under the command of Vice President Constantino Guvheya Chiwenga are reported to have killed two Israeli bodyguards who were guarding the then Minister of Finance Ignatius Chombo's house dur...Published: 10 Apr 2019 at 14:27hrs | 25804 | by Mandla Ndlovu
Nigerian scammers target Chombo
Nigerian scammers have pounced on former Minister Home Affairs Igatius Chombo by creating a fake email which they have circulating to various emails to various people across the world pleading for Fin...Published: 10 Apr 2019 at 13:10hrs | 3012 | by Mandla Ndlovu
'3.8 magnitude earthquake hit before Cyclone Idai'
A 3.8 magnitude earthquake hit Chimanimani and Chipinge shortly before Cyclone Idai which left 344 people dead and destroyed property worth billions of dollars, Government revealed yesterday. ...Published: 10 Apr 2019 at 06:47hrs | 1355 | by Staff reporter
NSSA pensioners are work veterans
Amon Taribho struggled to stand up as he rose to reach his medication for diabetes and hypertension, the sachet is kept on the top most shelf of his wardrobe, away from kids. The former machin...Published: 10 Apr 2019 at 06:46hrs | 438 | by Tondorindo
Ncubenomics
In February, Reserve Bank Governor, John Mangudya announced the introduction of the RTGS dollar - the currency that confirmed what we knew all along: one is not to one. The RTGS dollar was initially s...Published: 09 Apr 2019 at 15:19hrs | 3333 | by Kubatana
Price hikes cause plunge in retail volumes
The recent spate of price increases has seen a decline in disposable incomes and a drastic plunge in retail volumes, an industry official has said.Confederation of Zimbabwe Retailers president...Published: 09 Apr 2019 at 07:35hrs | 844 | by Staff reporter
Ministry official nabbed over Idai donations
A deputy director in the Ministry of Women Affairs, Community, Small and Medium Enterprises Development on Saturday appeared before a Chipinge magistrate facing charges of stealing Cyclone Idai donati...Published: 09 Apr 2019 at 07:24hrs | 780 | by Staff reporter
Make fresh interbank interventions: Industry
CAPTAINS of industry have called on authorities to make fresh interventions in the inter-bank market to ensure access to foreign currency for importation of critical raw materials for the manufacturin...Published: 09 Apr 2019 at 07:22hrs | 252 | by Staff reporter
Forex duty on vehicles to stay, says Mthuli
VEHICLE importers will continue to pay duty in foreign currency despite the introduction of the interbank foreign currency market, as Government seeks to promote policy consistency. This was s...Published: 09 Apr 2019 at 07:21hrs | 1341 | by Staff reporter
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