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'Ruling on US$ debt a grand heist'
TUESDAY'S Supreme Court ruling declaring that debts owed in United States dollars (US$) incurred on or before February 22, 2019 should be settled using the Zimdollar at a 1:1 parity will further deepe...Published: 24 hrs ago | 518 | by Staff reporter
Nelson Chamisa’s Agenda 2020 address to the nation
(Transcript of MDC leader Nelson Chamisa’s ‘Agenda 2020’ address as prepared for delivery at Stodart Hall in Mbare on January 21, 2020)Fellow Zim...Published: 22 Jan 2020 at 19:47hrs | 1051 | by Nelson Chamisa
Zimbabwe forex crisis to worsen
ZIMBABWE'S foreign currency crisis is expected to worsen this year after gold exports fell by over 28 percent last year.The southern African country is grappling with acute foreign currency sh...Published: 22 Jan 2020 at 07:21hrs | 2020 | by Staff reporter
Zimbabwe to adopt smart agriculture
Government says it is engaging agriculture sector stakeholders to promote and implement a comprehensive transformation which will allow farmers to migrate from conventional farming methods to smart ag...Published: 21 Jan 2020 at 18:57hrs | 484 | by Staff rpeorter
Zimbabwe economy to contract by 5.5% says UN
Zimbabwe's economy will register a negative growth of 5.5% and 2.5% in 2019 and 2020 respectively owing to foreign currency shortages, elevated public debt and uncontrolled inflation, a recent report ...Published: 20 Jan 2020 at 05:54hrs | 1562 | by FinX
Zimdollar has been a disaster for asset values, economy
The introduction of Zimbabwe's own currency, the ZWL, in February 2019 has been a disaster as many economists, as well as ourselves, had predicted. Since it was launched the ZWL has fallen fro...Published: 19 Jan 2020 at 13:14hrs | 558 | by John Legat
Mthuli Ncube sticks to his guns
Finance and Economic Development Minister Professor Mthuli Ncube has stuck to his guns, maintaining that the country is going to achieve 3 percent economic growth for 2020 in the face of independent f...Published: 19 Jan 2020 at 05:33hrs | 2090 | by Staff reporter
Zimbabwe platinum leakages hurting national purse
WITH its economy tanking, Zimbabwe is looking to mining for salvation.But platinum ore exports may be leaking millions of dollars in potential revenue the country needs to plug an acute shorta...Published: 19 Jan 2020 at 05:27hrs | 140 | by Cliff Chiduku
Percy Gwanyanya takes philanthropic work to all corners of Zimbabwe
Harare based business man and philanthropist Percy Gwanyanya (37) has launched a scholarship program which will benefit many across the country.Gwanyanya who is the founder and Managing Direct...Published: 18 Jan 2020 at 08:27hrs | 1079 | by Tinashe Eric Muzamhindo
Mthuli Ncube misses 10% year end inflation target
ZIMBABWE'S implied annualised inflation rate closed 2019 at 521%, defying authorities' target to reduce it to at least 10-15%.According to Zimbabwe National Statistics Agency (ZimStat) month-on-mo...Published: 17 Jan 2020 at 06:15hrs | 114 | by Staff reporter
Reserve bank to inject 500m cash into circulation
The Reserve Bank of Zimbabwe (RBZ) plans to inject half a billion new notes and coins into circulation by the first half of this year, according to Finance and Economic Development Minister Mthuli Ncu...Published: 12 Jan 2020 at 08:07hrs | 3034 | by Dr Masimba Mavaza
Traders reject Zimbabwe dollar
While government remains adamant on the use of the local currency, signals on the ground show the Zimbabwe dollar is not popular among traders, including those in rural areas.In June last year...Published: 06 Jan 2020 at 14:34hrs | 7691 | by Staff Reporter
Currency stability tops RBZ priorities -
Reducing inflation and maintaining a stable exchange rate are the Reserve Bank of Zimbabwe (RBZ)'s top priorities in the new year to bolster President Mnangagwa's drive to increase production, grow th...Published: 03 Jan 2020 at 00:28hrs | 3701 | by Staff Reporter
Zanu-PF 28th conference, the last nail in MDC A’s coffin
The 18th Zanu-PF Annual National People’s Conference in Goromonzi closed after a week of intensive and fruitful deliberations.Participant...Published: 31 Dec 2019 at 02:12hrs | 11399 | by Dr Masimba Mavaza
Zimbabwe has hit by drought at a time when its economy is in crisis
Zimbabwe is facing its worst humanitarian emergency in more than a decade as a result of drought and a severe economic crisis. The timing has been devasta...Published: 28 Dec 2019 at 20:38hrs | 1494 | by Rangarirai Kudakwashe Chivaviro
This is unfair to diasporans!
THE increase in passport fees for those in the diaspora to US$318 is quite shocking to say the least. Having a passport is a fundamental right for every citizen, including those in the diaspor...Published: 24 Dec 2019 at 14:52hrs | 5648 | by Nathan Chikara
Black market driving Zimbabwe business
The black market for foreign currency is driving business in the country, with nearly all businesses and travellers in Zimbabwe obtaining their requirements from the illegal market, a survey by the An...Published: 24 Dec 2019 at 06:59hrs | 3297 | by Staff reporter
Zimbabweans not depositing cash back into banking system'
THE Bankers' Association of Zimbabwe (BAZ) says demand for cash remains higher than supply as many clients do not deposit their funds back into the system despite continued withdrawals. Long w...Published: 24 Dec 2019 at 06:03hrs | 664 | by Staff reporter
Its flawed macro-economic governance systems, Stupid!
PUBLIC Accounts Committee (PAC) chairperson, Honourable Tendai Biti is not only an accomplished lawyer but has also authored a book with Greg Mills and former Nigerian president Olusegun Obasanjo. ...Published: 23 Dec 2019 at 14:44hrs | 273 | by Jameson Dapi
Central bank injects more notes into circulation
The Reserve Bank of Zimbabwe injected an additional $20 million of banknotes into circulation in the last week, with much of it channelled to the People's Own Savings Bank (POSB), used to distribute a...Published: 21 Dec 2019 at 07:37hrs | 1607 | by Staff Reporter
Mnangagwa vows Zimbabwe will 'never, never' dollarise again
President Emmerson Mnangagwa vowed on Friday not to revert to using the United States dollar after the Zimbabwe plunged against the greenback since its introduction this year, fuelling inflation and e...Published: 14 Dec 2019 at 18:15hrs | 1158 | by Staff reporter
The President is right
Recent statements by President Mnangagwa that Zimbabwe would not go back to use of multi-currencies should be applauded. The use of in particular the greenback brought misery than benefits...Published: 14 Dec 2019 at 08:38hrs | 3216 | by A Kadada
Zimbabwe, hobbled by a clash of egos
At the heart of Zimbabwe's economic paralysis is a personality clash.Finance Minister Mthuli Ncube and Reserve Bank of Zimbabwe Governor John Mangudya don't get on, are pursuing different agen...Published: 14 Dec 2019 at 08:25hrs | 621 | by Ray Ndlovu, Godfrey Marawanyika and Antony Sguazzin
British pound soars against US dollar as exit poll predicts Conservative majority
The pound has soared against the dollar and the euro as an exit poll predicted a Conservative majority.Sterling hit an 18-month high against the dollar and was in touching distance of pre-Brex...Published: 12 Dec 2019 at 23:06hrs | 2750 | by AP
Mnangagwa son-in law appointed into ZimCoke board
PRESIDENT Emmerson Mnangagwa's son-in-law, Gerald Mlotshwa is one of the most powerful individuals who have been appointed to the board of Redcliff based coke making firm, ZimCoke.A lawyer by ...Published: 12 Dec 2019 at 20:11hrs | 2961 | by Staff reporter
Zimbabwean law to criminalise redollarisation on the cards
Government will make use of the United States dollar illegal and plans punitive penalties for offenders under a proposed law as it seeks to shore up support for the local currency.Since the re...Published: 10 Dec 2019 at 07:15hrs | 2609 | by Staff reporter
Subsidised roller meal hits supermarket shelves
Subsidised roller meal has started finding its way onto supermarket shelves, while millers have implored retailers holding onto old stock to approach their suppliers to be credited for the difference....Published: 09 Dec 2019 at 06:51hrs | 664 | by Staff reporter
Santa or no Santa, it's still Xmas
IN years gone by, the festive mood associated with Christmas could be felt from the end of November.The 13th cheque, company shut-downs and Christmas parties for workers were some of the tell-...Published: 08 Dec 2019 at 11:41hrs | 131 | by Veronica Gwaze and Ellen Sanyanga
Mthuli Ncube budget statement a fraud, says Biti
FINANCE minister Mthuli Ncube's 2020 budget statement is in a shambles with several errors and inconsistences in figures compared to those in the proposed estimates of expenditure (Blue Book), former ...Published: 03 Dec 2019 at 07:21hrs | 407 | by Staff rpeorter
Significant decline in cash premiums: RBZ
THE Reserve Bank of Zimbabwe (RBZ) Monetary Policy Committee has said the recent injection of new bank notes and coins into the system has resulted in significant decline in cash premiums. In ...Published: 03 Dec 2019 at 07:18hrs | 1999 | by Staff rpeorter
Homes, land destroyed as gold panners invade region
Under the blazing sun, a group of men use picks and shovels to dig up a bushy patch of land outside Zimbabwe's second-largest city, stopping every few seconds to scan the soil for signs of gold....Published: 01 Dec 2019 at 06:14hrs | 827 | by Staff reporter
'Pepkor exit testifies Zimbabwe not open for business'
The Zimbabwean market exit by South African retailer Pepkor, which runs local retailer Power Sales, is testament that Zimbabwe is not open for business and speaks volumes about the increasingly toxic ...Published: 28 Nov 2019 at 06:44hrs | 791 | by Staff reporter
Saviour Kasukuwere to lead Mnangagwa ouster?
Saviour Kasukuwere the exiled dark horse of Zimbabwean politics has remained deafening silently amid a rapid rise and popularity of a pro Kasukuwere movement dubbed the Tyson Wabantu movement. T...Published: 27 Nov 2019 at 15:47hrs | 10277 | by Dr S J Utete
Harare among least liveable cities
The Economist Intelligence Unit has dubbed Harare, Zimbabwe, one of the least liveable cities in 2019. The annual report observes the world's cities and categorises them according to "most liveable", ...Published: 26 Nov 2019 at 09:02hrs | 3732 | by Staff reporter
Come for more cash: RBZ
Banks have to continuously draw cash from the central bank to ensure uninterrupted supply to depositors, Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya has said.New cash and coins - ...Published: 24 Nov 2019 at 14:03hrs | 2006 | by Staff reporter
6 more added to Zesa board
Energy and Power Development Minister Fortune Chasi, has in consultation with President Mnangagwa yesterday announced the appointment of six more members of the ZESA Holdings (Pvt) Ltd board. ...Published: 23 Nov 2019 at 06:43hrs | 1271 | by Staff reporter
Parliament walkouts: MPs must serve the national interest
ZANU-PF legislators' decision to boycott the Parliamentary Portfolio Committee on Public Accounts (PAC) sitting where Sakunda Holdings was expected to give oral evidence regarding how the US$3 billion...Published: 22 Nov 2019 at 18:12hrs | 988 | by Nyasha Chingono
There's a US$1,13 billion skeleton in the RBZ vault
EARLIER this year, I conducted an investigation into the catastrophic failings of Zimbabwe's governance architecture. For the most part, the probe focussed on the contribution of failed governance to ...Published: 22 Nov 2019 at 18:09hrs | 1723 | by Brezh Malaba
Mnangagwa to order importers to declare forex sourcing
Zimbabwe will force importers to declare sources of foreign currency and those who fail to prove they obtained the money from banks will forfeit their goods to the state, a government official said on...Published: 22 Nov 2019 at 17:59hrs | 347 | by Reuters
JETGATE: 'Mnangagwa uses luxury jet to loot diamonds and foreign currency'
President Emmerson Mnangagwa seemingly sensing his imminent boot from power, is allegedly involved in grand looting of the country's scarce foreign currency coffers and resources using his chain of hi...Published: 22 Nov 2019 at 07:37hrs | 13568 | by Mary-Kate Kahari
Economic hardships study underway in Bulawayo suburbs
A STUDY is underway in Bulawayo's Mzilikazi District to establish how it could withstand economic hardships and overcome some of its challenges. The National University of Science and Technolo...Published: 21 Nov 2019 at 04:00hrs | 992 | by Staff reporter
Bulawayo residents call for Ellen Ruparanganda to resign
Bulawayo pressure groups have stood in support of the local business community which has made several calls requesting that the Competition and Tarrif Commission be decentralised to cover Bulawayo. ...Published: 20 Nov 2019 at 13:06hrs | 9599 | by Mandla Ndlovu
Zanu PF grand heist, autocracy writ large
IN the aftermath of Finance minister Mthuli Ncube's budget that sounded more like was crafted in some Western world capital and delivered in Harare, many people may have missed the assault on our parl...Published: 20 Nov 2019 at 08:01hrs | 1438 | by Paidamoyo Muzulu
No Chamisa, Mnangagwa talks anytime soon
MDC leader Nelson Chamisa will not enter into dialogue with his arch-rival President Emmerson Mnangagwa as long as Zanu PF keeps on scoffing at the opposition party's preconditions, an MDC executive h...Published: 20 Nov 2019 at 08:00hrs | 2905 | by Staff reporter
EcoCash leaves consumers stranded
EcoCash services remained intermittent or non-available yesterday, causing major business losses and much hardship since the platform handles 85 percent of Zimbabwe's transactions and 99 percent of mo...Published: 20 Nov 2019 at 04:02hrs | 1834 | by Staff reporter
Mthuli Ncube to expend 5% fuel levy on Chirundu Highway
Finance and Economic Development minister Mthuli Ncube has allocated 5% of the excise duty revenue collected on fuel towards the construction of the Beitbridge-Harare-Chirundu Highway as international...Published: 19 Nov 2019 at 20:35hrs | 407 | by Staff reporter
Spaced out - Zimbabwe Vigil Diary
There was a lot of space in Parliament when Finance Minister Mthuli Ncube delivered his budget. This was partly because the opposition was boycotting the occasion but mainly because of the surprise an...Published: 18 Nov 2019 at 09:14hrs | 239 | by Zimbabwe Vigil Diary
Mnangagwa's govt squanders US$10.6 billion
PRESIDENT Emmerson Mnangagwa's government spent over US$10 billion in unbudgeted public finds, and now wants Parliament to okay the unexplained expenditure, raising the ire of opposition members of Pa...Published: 18 Nov 2019 at 06:38hrs | 1504 | by Staff reporter
Mnangagwa courts Dubai investors
Zimbabwe intends to lure cash-rich investors from the United Arab Emirates (UAE) to exploit opportunities in mining, tourism and manufacturing when it engages them at the 5th Global Business Forum on ...Published: 18 Nov 2019 at 06:25hrs | 191 | by Staff reporter
Why Mthuli Ncube will fail
While I wish Finance Minister Mthuli Ncube to succeed, the path he has followed is doomed to fail. I will detail the reasons why below. The situation in which he has placed Zimbabwe's finances is not ...Published: 17 Nov 2019 at 06:04hrs | 2741 | by Ken Mufuka
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