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'Mnangagwa crackdown on money changers futile'
The crackdown on black market currency trading to curb a parallel market blamed for the spike in prices is not enough to address the problem, economists said yesterday.This comes as there has ...Published: 13 hrs ago | 4593 | by Staff reporter
Mnangagwa risks capture by corporate leaders
PRESIDENT Emmerson Mnangagwa's idea that the industrialists and bankers he met on October 29, 2018 should constitute and second some advisers from within their ranks to his office stinks of inviting c...Published: 19 hrs ago | 2041 | by Brian Sedze
Zimbabweans demand more after Mugabe coup
As the country marks exactly a year since the military rose up against former president Robert Mugabe by way of a popular coup, long-suffering Zimbabweans say they want President Emmerson Mnangagwa an...Published: 15 Nov 2018 at 13:04hrs | 1565 | by Staff reporter
Mnangagwa's govt and Zimbabwe banks should carry own cross
If there is anything that we could learn from the global economic crisis of 2008, it is that excessive risk-taking, manipulation and poor hedging often result in huge enterprise and economic losses. T...Published: 14 Nov 2018 at 09:39hrs | 2417 | by Equity Axis
We have no choice, but to embark on painful reforms
When Margaret Thatcher was elected UK prime minister in 1979, she recognised that piecemeal change would not be sufficient to tackle the problems of labour unrest, rampant inflation and economic stagn...Published: 14 Nov 2018 at 05:39hrs | 398 | by E.D. Mnangagwa President
Zimbabwe inflation hits the 20.8% mark, RBZ targets 7%
Zimbabwe's annual inflation rose sharply to a record 20.8 percent in October after it gained 15.46 percentage points from the September rate of 5.39 percent. The Consumer Price Index (CPI) for...Published: 13 Nov 2018 at 16:03hrs | 1504 | by Staff reporter
Mthuli Ncube trims monthly fiscal budget deficit
TREASURY has scored excellent progress in trimming monthly fiscal budget deficit as part of Government's economic reform agenda with September 2018 deficit reduced to $19 million against a target of $...Published: 13 Nov 2018 at 05:50hrs | 822 | by Staff reporter
Lonely country - Zimbabwe Vigil Diary
A new Zimbabwean investment drive has been taking place in the UK with a delegation led by Priscah Mupfumira, Minister of Environment, Tourism and Hospitality Industry. She offered a few hollow banali...Published: 12 Nov 2018 at 06:55hrs | 1050 | by Zimbabwe Vigil Diary
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 989 | by Eddie Cross
All eyes on Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube's maiden national budget should target the revival of the productive sectors of the economy to set the tone for revival, business has advised....Published: 11 Nov 2018 at 12:24hrs | 1238 | by Staff reporter
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | 1132 | by Bloomberg
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 148 | by Staff reporter
Is Tobin tax regime helpful?
Against the backdrop of the ongoing debate and rhetoric about the recently proposed 2% transaction tax which was announced by Finance minister Mthuli Ncube, ostensibly to widen Zimbabwe's tax base....Published: 09 Nov 2018 at 06:21hrs | 1052 | by Colls Ndlovu
Supporting Mnangagwa without backing Zanu PF, backing MDC without supporting Chamisa
"Time flies. It's up to you to be the navigator," observed a sage.I am not into political prophecy, but this week last year - precisely November 6, 2017, the day then President Robert Mugabe s...Published: 09 Nov 2018 at 05:17hrs | 2575 | by Conway Tutani
Zimbabwe to cut farm sizes
THE government has started a land audit to cut farm sizes, flush out multiple farm owners and correct some of the mistakes from its chaotic land reform programme.The effort is an attempt by th...Published: 08 Nov 2018 at 19:11hrs | 3983 | by Business Live
Money supply growth slows
Zimbabwe's annual broad money supply (various forms of money) increased by just 1,18 percent in August to give a 38 percent rise for the year to August 2018 compared to 47 percent annual growth record...Published: 08 Nov 2018 at 05:20hrs | 830 | by Staff reporter
One year after Zimbabwe soft coup
When Zimbabwe's army took power in a bloodless coup exactly one year ago, it promised to bring happiness back by ending social and economic suffering.The military said the coup was needed to "...Published: 07 Nov 2018 at 15:03hrs | 2140 | by Tendai Kamhungira
Mthuli Ncube to present 2019 budget on November 22
FINANCE minister Mthuli Ncube has said he will present his maiden budget statement on November 22, in what will be a litmus test of how he will address Zimbabwe's economic crisis.Shortages of ...Published: 07 Nov 2018 at 06:07hrs | 938 | by Staff reporter
Mnangagwa says Mangudya beyond reproach
Despite explosive broadsides being fired at the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, the 55-year-old neoclassical economist-turned banker will stay on in his job until February 2023....Published: 04 Nov 2018 at 12:43hrs | 3452 | by Staff reporter
'Mthuli Ncube needs be to politically savvy'
By all accounts, Finance and Economic Development minister Mthuli Ncube is a brilliant man, a financial engineer with a wealth of experience in both the private and public sectors. His appointment to ...Published: 04 Nov 2018 at 08:55hrs | 294 | by Staff reporter
Mthuli Ncube pushes for new RBZ governor?
FINANCE Minister Mthuli Ncube is trying to impose top economist Andrew Bvumbe as the new Reserve Bank of Zimbabwe (RBZ) governor to replace the incumbent John Mangudya following the expiry of his empl...Published: 03 Nov 2018 at 13:01hrs | 6794 | by Staff reporter
Strive Masiyiwa never ceases to shame the devil
Strive Masiyiwa, the Econet Wireless founder, has always been his own man.With all his wealth, Masiyiwa does not get ahead of himself. His public persona is that of gentility — that social s...Published: 02 Nov 2018 at 06:12hrs | 2659 | by Conway Tutani
Mangudya RBZ ouster speculation gains momentum
GOVERNMENT sources have downplayed as mere speculation reports that Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's ouster from the apex bank is imminent.Linked with the increasingly t...Published: 01 Nov 2018 at 06:30hrs | 5792 | by NewZimbabwe.com
Government urged to set up monetary policy body
ECONOMIST, Mr Eddie Cross, has urged Government to set up a professional monetary policy committee to advise the Reserve Bank of Zimbabwe (RBZ) and guard against financial leakages. The Centra...Published: 01 Nov 2018 at 05:32hrs | 371 | by Staff reporter
Zimbabwe staggers on
LAST Friday, Finance and Economic Development minister, Mthuli Ncube, tweeted that he would curb Zimbabwe's economic crisis by limiting "government expenditure, rationalise posts in the public service...Published: 31 Oct 2018 at 13:23hrs | 900 | by Pearl Matibe
'Free float exchange system catastrophic for Zimbabwe'
ZIMBABWE risks plunging into rampaging price inflation if it liberalises foreign exchange controls, according to the proponents of a managed exchange rate system. But critics of the system argue that ...Published: 29 Oct 2018 at 05:27hrs | 1131 | by Staff reporter
Bread remains at $1,10
Government's call for bread retailers to revert to the old price of $1,10 for a loaf from the $2,10 as announced by Lobels on Friday was heeded by most retailers, although with alarming consequences....Published: 28 Oct 2018 at 15:17hrs | 1523 | by Staff reporter
Mnangagwa expose government's lack of appreciation of Zimbabwe's problems
President Emmerson Mnangagwa's claim that social media is to blame for the current economic meltdown has exposed the government's lack of appreciation of Zimbabwe's problems that now require decisive ...Published: 28 Oct 2018 at 08:10hrs | 566 | by Editorial - The Standard
Origins of the Zimbabwe crisis
This article was first published by hsf.org.za.Zimbabwe is experiencing a cumulative breakdown. Living standards, life expectancy and production have plummeted while political oppression h...Published: 27 Oct 2018 at 09:11hrs | 5777 | by Teddy Brett and Simon Winter
Zimbabwe's economic woes self-inflicted
THE Zimbabwean economy is bedeviled with self-inflicted woes.However, the economic tribulations largely emanate from government portfolios and their episodic fiscal blunders.The fiscal...Published: 26 Oct 2018 at 08:43hrs | 796 | by Paddington Masamha
Mnangagwa's command policies spark off market turmoil
GOVERNMENT'S commandist strategy to contain currency volatility and the rising tide of price increases ravaging Zimbabwe are likely to worsen an economic crisis that has persisted for decades while da...Published: 26 Oct 2018 at 08:25hrs | 2659 | by Staff reporter
Let's not indulge obstructionists
The more I see some categories of people who are stridently and rabidly opposing Finance minister Mthuli Ncube's economic stabilisation programme - as opposed to those offering measured and constructi...Published: 26 Oct 2018 at 07:10hrs | 179 | by Conway Tutani
'Opening of borders to stabilise prices, but...
GOVERNMENT's lifting of the import ban on selected goods will stabilise prices and contain the rising inflation in the short term, but keep the economy in inflationary mode due to the high money suppl...Published: 26 Oct 2018 at 07:06hrs | 1093 | by Staff reporter
Central bank's independence, benefits to Zimbabwe
WITH the recent developments at the Reserve Bank of Zimbabwe (RBZ), it is now public knowledge that four directors were suspended from there on allegations of corruption. The worrying aspect is the so...Published: 26 Oct 2018 at 07:05hrs | 293 | by David Mhlanga
Mthuli Ncube's 2% tax still illegal
At the beginning of this month the Minister of Finance and Economic Development announced an increase in the Intermediated Money Transfer Tax [i.e. the tax on electronic money transfers] from five cen...Published: 23 Oct 2018 at 20:15hrs | 1419 | by Veritas
Chamisa demands 2% tax refunds
MDC leader Nelson Chamisa, has demanded that government reverses and refund Zimbabweans all the money they lost following the introduction of the infamous tax regime, which milks two cents on every do...Published: 23 Oct 2018 at 14:03hrs | 1893 | by Staff reporter
Emergency recovery measures to stop Zimbabwe economic free-fall
This article will be brief and straight to the point. There is no need to continue to pontificate on the political-economy of the country because we all know that after the 30th July elections the eco...Published: 23 Oct 2018 at 14:00hrs | 5130 | by Dr Tapiwa Mashakada
'Mthuli Ncube should have consulted on 2% tax'
Zimbabwe's policymakers need to consult industry and the wider public before implementing key policies to get the buy-in on implementation.Speaking during the AMH Conversations yesterday, econ...Published: 23 Oct 2018 at 06:36hrs | 1111 | by Staff reporter
Of prophets-cum-political activists
A few senior Government officials have taken ill over the past few months, which in itself is not an unusual event. What is unusual is the birthing of a new menace in Zimbabwe which this writer opts t...Published: 22 Oct 2018 at 11:46hrs | 1687 | by Nicole Hondo
Mnangagwa unleashes CIO on cash barons
FINANCE minister Mthuli Ncube will this week meet with the country's State security agents for a briefing on the soaring foreign currency shortages as government tightens the noose on highly-placed fo...Published: 22 Oct 2018 at 06:44hrs | 5542 | by Staff reporter
Tendai Biti always has something to say
The Daily News on Sunday's Pauline Hurungudo sits down for a wide-ranging interview with former Finance minister Tendai Biti, who is also the deputy national chairperson for the MDC, about the state o...Published: 21 Oct 2018 at 14:19hrs | 1389 | by Staff reporter
Zanu-PF warns that Zimbabwe's economic crisis will deepen without aid
Zimbabwe will plunge further into economic crisis unless international lenders provide aid to the heavily indebted former British colony, senior officials from the Zanu-PF ruling party have said....Published: 21 Oct 2018 at 10:26hrs | 7722 | by The Guardian
RBZ in statutory reserve requirements U-turn
Eight years after the Reserve Bank of Zimbabwe abolished Statutory Reserve Requirements for banks in a move aimed at releasing more funds for lending by the financial sector and lowering interest rate...Published: 21 Oct 2018 at 09:30hrs | 564 | by Staff reporter
ZCTU, why spare Bulawayo council over rates hike
That the United States has not seized a great opportunity to walk the talk on its human rights mantra shows that things are not what they appear to be.It was always too much to expect US Presi...Published: 19 Oct 2018 at 11:32hrs | 535 | by Conway Tutani
Change of currency not ideal to revive Zimbabwe economy
THE country's economic crisis has deepened since the recent fiscal and monetary measures announced by Finance minister Mthuli Ncube and Reserve Bank governor John Mangudya. The economy has plu...Published: 19 Oct 2018 at 08:41hrs | 1847 | by Staff reporter
ZimBollar: A guide to Zimbabwe's black market
As Zimbabwe suffers severe money shortages, businesses are closing, food shelves in Harare are emptying and prices of basic commodities, fuel and medicines are soaring. The price of a two-litre bottle...Published: 19 Oct 2018 at 06:59hrs | 10186 | by GroundUP
Mnangagwa's first 50 days: Zimbabwe sinks deeper into abyss
PRESIDENT Emmerson Mnangagwa this week completed 50 days in office, but in that short stint, the negatives have so far outweighed the positives amid indications he faces a herculean task in his bid to...Published: 19 Oct 2018 at 06:56hrs | 3573 | by Staff reporter
Mthuli Ncube running out of time
AS ZIMBABWE'S economy continues to lurch from one crisis to the other, business leaders and economists say the government is running out of both time and "rope" to turn the situation around.Th...Published: 18 Oct 2018 at 15:06hrs | 3860 | by Staff reporter
It's Mthuli Ncube's electronic transfer tax, stupid
Sometimes one can be an excellent macroeconomist and a very bad public finance expert at the same time. I think this is the case with new Finance minister Mthuli Ncube.One such bad idea is the...Published: 18 Oct 2018 at 07:01hrs | 2648 | by Tendai Kamba
We told you so!
SOMETIMES it's nice to be right, that does not often happen, but in this case I am sorry that those of us who had said we are headed for trouble, were right.I am referring to the first stateme...Published: 18 Oct 2018 at 06:59hrs | 1373 | by Eddie Cross
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