Search / Economists
Zimbabwe has higher inflation than war-torn Ukraine
ZIMBABWE's inflation rate at 191,7% as of June 23 is now much higher than Ukraine's 41%, a country in the middle of a fierce war with Russia.In a statement, the Zimbabwe Coalition on Debt and ...Published: 01 Jul 2022 at 07:22hrs | 174 | by Staff reporter
'Mthuli Ncube, John Mangudya must resign'
OPPOSITION political parties have demanded that Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya resign, accusing them of crafting anti-poor policies that are wo...Published: 29 Jun 2022 at 07:49hrs | 3101 | by Staff reporter
South Africans face another fuel price increase as well as interest rate hike
There seems to be no reprieve for South African wallets as another hefty fuel increase is predicted for next week, as well as economists anticipating further interest hikes.The Organisation Un...Published: 27 Jun 2022 at 19:33hrs | 687 | by Staff reporter
Zanu-PF gangs up against Mnangagwa
ZIMBABWE'S worsening economic situation has reportedly ratcheted pressure on President Emmerson Mnangagwa from within his ruling Zanu-PF party to find quick solutions as the country heads into the ele...Published: 27 Jun 2022 at 08:15hrs | 6341 | by Staff reporter
Zanu PF gangs up against Mnangagwa
ZIMBABWE'S worsening economic situation has reportedly ratcheted pressure on President Emmerson Mnangagwa from within his ruling Zanu PF party to find quick solutions as the country heads into the ele...Published: 27 Jun 2022 at 07:12hrs | 8265 | by Staff Reporter
Mthuli Ncube has not ruled out US$ salaries
GOVERNMENT yesterday said it had not yet ruled out the possibility of paying civil servants salaries in United States dollars citing the current US$175 incentive as evidence of its willingness to meet...Published: 22 Jun 2022 at 06:47hrs | 3028 | by Staff reporter
Zimbabwe trade deficit hits US$34bn as industrialisation flops
ZIMBABWE has since 2002 accumulated a trade deficit of more than US$34 billion, a clear indication that the country's industrialisation-led import-substitution programmes have failed, new data show....Published: 11 Jun 2022 at 09:31hrs | 338 | by Staff reporter
Government is right on not adopting American dollar as major currency
Calls on government to do away with our own currency, the Zimbabwe dollar/bond, should be ignored by the ED led government.Taking a look back at our neighbours, notably Zambia and Mozambique, ...Published: 09 Jun 2022 at 10:27hrs | 1508 | by AT Kadada
Pomona Project: All thunder, lightning flashes, no strike!
Pomona stink in newsroomsIlliterate newspapers are being pummelled back and forth by buffeted Mafume and his clueless Triple C councillors. It is all thunder, blinding flashes but no strike. A...Published: 04 Jun 2022 at 19:52hrs | 201 | by Staff reporter
Inflationary pressures choke Zimbabwe industry
A rising bout of inflation is posing a severe threat to Zimbabwe's industries amid growing fears most companies will struggle to restock, which could potentially trigger a significant reduction in pro...Published: 02 Jun 2022 at 09:06hrs | 1523 | by Staff reporter
Mnangagwa 2023 re-election bid causes jitters
PRESIDENT Emmerson Mnangagwa is pulling all stops to win a second full term in next year's elections amid fears that some of his initiatives will leave the economy in ruin.Mnangagwa's governme...Published: 30 May 2022 at 07:00hrs | 1155 | by Staff reporter
'Zimdollar dead by next month'
TWO of Zimbabwe's most respected economics professors have warned government to bite the bullet and redollarise because the Zimdollar "would be dead soon".Professors Gift Mugano and Anthony Ha...Published: 27 May 2022 at 06:47hrs | 1084 | by Staff reporter
Zimbabwe inflation among global highest in the world
ZIMBABWE continues to make global headlines after the country's inflation rate was ranked as one of the highest in the world alongside war-torn countries such as Syria, according to international econ...Published: 27 May 2022 at 06:45hrs | 126 | by Staff reporter
Zimbabweans told to brace for more price hikes
CONSUMERS should brace for more basic commodity price hikes as inflation continues to rise and the foreign currency exchange auction system falters, economists warned yesterday.Last week, fore...Published: 25 May 2022 at 06:36hrs | 511 | by Staff reporter
Mnangagwa aide hunts for Mambo's owner, after Masarira diss
IRKED by a joke on opposition leader, Linda Masarira, by fast food outlet Mambo's Chicken's marketing team, chief director for strategic communication in the Office of the President and Cabinet (OPC) ...Published: 24 May 2022 at 07:27hrs | 3106 | by Staff reporter
'Mnangagwa should look for salvation at Davos'
PRESIDENT Emmerson Mnangagwa should use the World Economic Forum in Davos, Switzerland, to re-engagement investors to help drag Zimbabwe out of a debilitating economic quagmire, analylists have said....Published: 24 May 2022 at 07:25hrs | 441 | by Staff reporter
Basics run out of Zimbabwe shelves
PRESIDENT Emmerson Mnangagwa and Finance minister Mthuli Ncube's recent economic pronouncements have reportedly triggered a shortage of most locally-manufactured basic commodities in most retail shops...Published: 16 May 2022 at 06:26hrs | 5353 | by Staff reporter
Chamisa ally says 'Zec must pass credibility, transparency tests'
POLITICAL parties and election watchdogs have challenged the Zimbabwe Electoral Commission (Zec) to dispel poll rigging accusations for it to gain public confidence and trust ahead of the 2023 general...Published: 16 May 2022 at 06:26hrs | 888 | by Staff reporter
Zimbabwe Constitution must be amended
ZIMBABWE has been oscillating like a yoyo for three decades now without coming up with tangible solutions to strengthen the governance system. Our position is clear that we need a complete system over...Published: 16 May 2022 at 06:24hrs | 441 | by Linda Tsungirirai Masarira
Banks: If gold rusts, what will iron do?
Native Commissioner Oates, I presume!LORD Jonathan Oates' ambition is becoming a latter-day colonial Native Commissioner.Too late chum, both by age and history! Still both don't deter ...Published: 14 May 2022 at 06:22hrs | 888 | by @Jamwanda2 on Saturday
Chamisa's CCC slams Mnangagwa
The Citizens Coalition for Change (CCC) on Wednesday vowed a robust challenge to controversial measures to shore up the fast-depreciating Zimbabwe dollar, announced by President Emmerson Mnangagwa las...Published: 11 May 2022 at 19:10hrs | 550 | by Staff reporter
Zimbabwe to miss 2022 GDP forecast
ZIMBABWE will most likely miss its 5,5% gross domestic product (GDP) forecast due to prolonged hyper-inflationary conditions as the country's local currency continues to tumble against the United Stat...Published: 11 May 2022 at 09:12hrs | 120 | by Staff reporter
Dollar o'clock: Should Zimbabwe axe its faltering currency again?
IN early 2019, Zimbabwe's central bank announced plans to bring back the Zimbabwe dollar as legal tender after a decade of using the US dollar and seven other international currencies because raging h...Published: 11 May 2022 at 09:11hrs | 407 | by Staff reporter
'Mnangagwa's Zimdollar measures show desperation'
THE latest measures by President Emmerson Mnangagwa to halt the sliding Zimdollar are an act of desperation and are not likely to work, analysts have said.Mnangagwa's measures include br...Published: 09 May 2022 at 07:09hrs | 1605 | by Staff reporter
Zimbabwe MP grieves over meagre salaries
LEGISLATORS are prone to corruption and capture by oligarchs because of the meagre salaries they earn, Norton legislator Themba Mliswa has said.The local lawmakers are among the least paid in ...Published: 04 May 2022 at 07:01hrs | 568 | by Staff reporter
Zec seeks to gag social media
THE Zimbabwe Electoral Commission (Zec) wants Twitter and Facebook to pull down "damaging posts" about its handling of elections.The election management body also wants Parliament to regulate ...Published: 02 May 2022 at 08:04hrs | 373 | by Staff reporter
State of a Zimbabwean worker lamentable
AS the world celebrated Workers Day yesterday, my heart bled with sorrow about the current conditions of the majority of workers in Zimbabwe.One of the reasons that led to the liberation strug...Published: 02 May 2022 at 08:01hrs | 75 | by Linda T Masarira
Zimbabwe political parties attend Workers Day commemorations
Zimbabwean workers yesterday joined the rest of the world in commemorating Workers' Day, with the Government calling for unity while expressing its commitment to improving the welfare of workers throu...Published: 02 May 2022 at 07:53hrs | 80 | by Staff reporter
Domestic airports rehab forecast to boost tourism
PLAYERS in the tourism industry have welcomed the ongoing airports rehabilitation programme by the Airports Company of Zimbabwe (ACZ) saying this will complement efforts to grow the tourism sector to ...Published: 02 May 2022 at 07:52hrs | 39 | by Staff reporter
Mnangagwa pampers Mwonzora & co
PRESIDENT Emmerson Mnangagwa's government splashed cash on leaders of opposition political parties, including MDC-T Alliance leader Douglas Mwonzora, to facilitate their attendance of Independence Day...Published: 01 May 2022 at 11:23hrs | 1006 | by Staff reporter
Fuel hikes to worsen economic woes
GOVERNMENT yesterday increased prices of petrol and diesel by 23.78% and 18.23% respectively, a move that economists said will result in a hike in prices of basic goods and services and further erode ...Published: 26 Apr 2022 at 08:21hrs | 175 | by Staff reporter
Bread price shoots to US$2 in Zimbabwe
A STANDARD loaf of bread now costs more than US$2 after its price shot up by 30% to $345.This follows an increase in the price of flour seven days ago by 17%.The Grain Millers Associat...Published: 21 Apr 2022 at 11:47hrs | 3134 | by Staff reporter
Mnangagwa, Chamisa in secretive GNU talks
SECRETIVE coalition talks are underway between Zanu-PF leader, President Emmerson Mnangagwa, and Citizens Coalition for Change (CCC) front man Nelson Chamisa with the aim of forming a seven-year gover...Published: 15 Apr 2022 at 09:05hrs | 4800 | by Staff reporter
New ZWL100 banknotes: Much ado about Nothing: Zimcodd
Zimbabwe Coalition of Debt and Development has described the new Zimbabwe $1000 bills as a lot of nothing.In the week under review the Minister of Finance and Economic Development, Prof. Mthul...Published: 13 Apr 2022 at 12:27hrs | 572 | by Stephen Jakes
'Mnangagwa will regret the day he appointed Mangudya, Mthuli Ncube,' says Biti
Former Zimbabwe Finance Minister Tendai Biti has said the move by the Reserve Bank to introduce a ZW$100 note is ill advised and a waste of time.Biti said the fact that the note can not buy an...Published: 09 Apr 2022 at 19:47hrs | 1975 | by Staff reporter
Russia's rouble comes roaring back
The rouble has surged all the way back to where it was before Russia invaded Ukraine, closing at 79,7 in Moscow on Wednesday.In the days after the Ukraine war began, the rouble's collapse was ...Published: 08 Apr 2022 at 06:40hrs | 705 | by Staff reporter
Moment of truth for Harare East candidates
THE race for the Harare East National Assembly seat pits Tendai Biti (pictured) of the Citizens' Coalition for Change (CCC), Mavis Gumbo of Zanu-PF, Lovemore Christopher Mbanga of the MDC-Alliance, Ga...Published: 27 Mar 2022 at 07:38hrs | 2347 | by Staff reporter
Cyberbullying haunts female politicians
ELECTORAL watchdogs and women's rights groups have cited cyberbullying as a major factor discouraging women from actively participating in politics.Addressing delegates at an election sensitis...Published: 24 Mar 2022 at 05:21hrs | 151 | by Staff reporter
Headwinds piling up for Zimbabwe
The United States Agency for International Development (USAid)'s food security arm, the Famine Early Warning Systems Network (Fewsnet) has warned of below average harvests this year and a shortlived i...Published: 18 Mar 2022 at 05:37hrs | 1016 | by Staf reporter
Fierce contest for Harare Central seat
MURISI Zwizwai of the Citizens' Coalition for Change (CCC) party, Norest Marara of the MDC-Alliance, Loice Magweba of Zanu PF, Linda Tsungirirai Masarira of the Labour Economists and Afrikan Democrats...Published: 11 Mar 2022 at 18:13hrs | 247 | by Staff reporter
Fuel price hikes will increase price of goods and services, economists say
The recent hikes in fuel prices are likely to have an adverse impact on the economy as prices of basic commodities are likely to increase, the business community has said.The Zimbabwe Energy R...Published: 10 Mar 2022 at 17:34hrs | 382 | by Staff reporter
ZEC prints ballot papers
The Zimbabwe Electoral Commission has printed 594 300 ballots for the forthcoming National Assembly and local authorities' by-elections scheduled for March 26.This was said by ZEC chief electi...Published: 10 Mar 2022 at 05:50hrs | 77 | by Staff reporter
US hijacks European allies on Russian energy ban
Russia and the US showed no signs of stopping biting each other's head off despite progress to a certain extent in Russia-Ukraine talks, with a Russian official announcing Moscow's readiness to respon...Published: 10 Mar 2022 at 05:48hrs | 204 | by Staff reporter
2023 elections, Mugabe predictive intelligence
THE leader who carries off the remarks by the late President Mugabe will likely win the 2023 elections in Zimbabwe. The leader who does not let the Mugabe decision affect him at a personal level will ...Published: 04 Mar 2022 at 17:44hrs | 2558 | by Sharon Hofisi
Hyperinflation headache for accountants
THE Institute of Chartered Accountants of Zimbabwe (ICAZ) last week cast doubts over the validity of financial statements, citing hyperinflation and exchange rate volatilities.It has been a re...Published: 27 Feb 2022 at 07:34hrs | 323 | by Staff reporter
'Elections will force Zimbabwe to re-dollarise'
WHILE calls for dollarisation seem to be falling on deaf ears, an economics expert has predicted that government will give in to pressure and officially re-introduce the US dollar.Great Zimbab...Published: 24 Feb 2022 at 05:45hrs | 2968 | by Staff reporter
Zanu-PF demands opening of industries
THE ruling Zanu-PF party has called for urgent reopening of local industries to curb brain drain and migration of youths to other countries in search of employment opportunities.Zanu-PF Bulawa...Published: 22 Feb 2022 at 05:42hrs | 588 | by Staff reporter
'Don't blame money changers, launderers'
LEADING economists on Monday quashed claims by Vice-President Constantino Chiwenga that the country's economy had come off the rails due to black market activities.Chiwenga made the claims at ...Published: 22 Feb 2022 at 05:38hrs | 681 | by Staff reporter
Zimbabwe rules out US dollar return
VICE President Constantino Chiwenga has declared Zimbabwe will never revert to the dollarisation era despite evidence the Zimdollar is sharply weakening.Economists have even warned the local c...Published: 21 Feb 2022 at 05:37hrs | 1616 | by Staff reporter
Mthuli Ncube to address industry captains
FINANCE and Economic Development Minister, Professor Mthuli Ncube, is expected to address business leaders at a financial and industrial breakfast meeting in Harare next week.The indaba seeks ...Published: 17 Feb 2022 at 18:29hrs | 551 | by Staff reporter
Load More Stories
