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Can Zimbabwe manage to de-dollarize
The Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monitory Area (CMA), also refer...Published: 2 hrs ago | 591 | by Victor Bhoroma
'Cannot separate democracy and discipline' says Moyo - have neither and no common sense to see it
Zanu-PF leaders are once again up in arms blaming business operators for the country's worsening economic situations as shown by the increasing prices of goods and services - if they can be found give...Published: 9 hrs ago | 803 | by Patrick Guramatunhu
Mnangagwa warned of brewing unrest
THERE are growing fears that Zimbabwe's fast-deteriorating economic situation - marked by shocking price hikes and severe shortages of foreign currency, fuel and vital medicines - could trigger social...Published: 9 hrs ago | 11255 | by Staff reporter
Of market forces and price hikes
Not too long ago, three months ago in fact, fuel in Zimbabwe was cheaper than bottled water and flights from the country were some of the cheapest around. This was thanks to a fixed exchange rate that...Published: 10 hrs ago | 411 | by newZWire
Supporting Zimbabwe's devolution plans with devolved blockchain
8-10 minutesThe aim of devolution that the government of Zimbabwe plans to implement is to arrest economic decline and set the country on a path to sustained recovery and growth while Zimb...Published: 23 hrs ago | 670 | by Donald Mudenge
NSSA pensioners are 'dying a little each day'
The National Social Security Authority must do more to ameliorate the suffering of NSSA pensioners who are 'dying a little each day'. It has been alleged talks, consultations and requests but ...Published: 23 hrs ago | 1601 | by Tondo
Strive Masiyiwa's maths on Rand pricing is wrong
A lot of publications have run with this story already but I couldn't find the original Facebook post. Strive Masiyiwa posts extensively and engages quite much on his page so I spent an hour trying to...Published: 22 Apr 2019 at 11:08hrs | 4211 | by Tinashe Nyahasha
Where is Mnangagwa taking us to?
I DROVE up the window of the tollgate and the man on duty asked me: "Eddie, where are we going?" He was not asking what my destination was, but where did I think the country was going.Last nig...Published: 22 Apr 2019 at 08:40hrs | 6635 | by Eddie Cross
Mnangagwa told to be realistic
GOVERNMENT needs to be realistic about the economic situation in the country, captains of industry have said.They were reacting to statements made by President Emmerson Mnangagwa in his keynot...Published: 22 Apr 2019 at 08:38hrs | 1046 | by Staff reporter
Nedbank Zimbabwe caught with pants down, ordered to return $3m to client
NEDBANK Zimbabwe has been ordered to return close to $3 million it had unlawfully taken from its client, Mega Market (Private) Ltd, after making some foreign currency payment to the client's suppliers...Published: 22 Apr 2019 at 07:47hrs | 2504 | by Staff reporter
RTGS$ plunges
Zimbabwe is nearing the much dreaded economic horrors of 2008 punctuated by hyperinflation, widespread shortages of foreign currency and fuel coupled with a spike in prices of everything, including st...Published: 21 Apr 2019 at 08:55hrs | 5518 | by Staff reporter
'Be proud of freedoms espouse by 2nd Republic' said navel gazing ED - luxury nation can now ill afford
"Our freedom, independence and the proud heritage left for us by our departed heroes and heroines who paid the supreme sacrifice for the freedom we enjoy today. We have within our blood, the traits of...Published: 20 Apr 2019 at 08:23hrs | 830 | by Patrick Guramatunhu
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 | 2444 | 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 | 1359 | by Paddington Masamha
Why Mthuli Ncube's new currency is likely to be doomed
THE announcement by Finance minister Mthuli Ncube of his intention to introduce "a new, fully-fledged currency" in 12 months piqued the interest of the general public in Zimbabwe.It comes soon...Published: 19 Apr 2019 at 11:08hrs | 653 | by Martin Tarusenga
Can Zimbabwe manage to de-dollarise?
THE Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monetary Area (CMA), also refer...Published: 19 Apr 2019 at 11:08hrs | 725 | by Victor Bhoroma
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 | 494 | 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 | 3484 | by Mandla Ndlovu
MDC Independence message
The MDC joins the people of Zimbabwe in celebrating 39 years of Independence. In commemorating the day, it is important to highlight that the status quo brings to question the agenda, values and ethos...Published: 18 Apr 2019 at 18:21hrs | 975 | by Jacob Mafume
Zimbabwe's version of disaster capitalism, couched as resilience
A LOCAL Zimbabwean artist, Dereck Mpofu, recently released a song titled Mweya wechiZimba. Even though the title of the song may suggest it is religious, it is upon listening to it, that you discover ...Published: 18 Apr 2019 at 07:10hrs | 89 | by Takura Zhangazha
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 | 1200 | by Eddie Cross
Bulawayo vendors protest
BULAWAYO informal traders on Monday besieged council offices to register their anger over plans to double vending licence fees, saying they were already struggling to pay the current levies.Th...Published: 17 Apr 2019 at 07:11hrs | 503 | by Staff reporter
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 | 3287 | by Staff reporter
Civil servants get pay increase
It was a case of smiling all the way to the bank for civil servants yesterday as Government honoured its pledge to increase the workers' salaries by 29 percent beginning this month.The civil s...Published: 16 Apr 2019 at 07:58hrs | 5182 | by Staff reporter
Mnangagwa, Matabeleland Collective in secret Gukurahundi genocide deal?
Matabeleland Collective, one of the key stakeholders on Gukurahundi and national healing, yesterday slapped down attempts by fugitive former Cabinet minister Professor Jonathan Moyo to discredit the b...Published: 16 Apr 2019 at 06:59hrs | 4019 | by Staff reporter
Chief Njelele's subjects evicted by armed soldiers and police
AT least 3 000 families in Chemagora, Sikombela, Bhadha and Sibusiso, under Chief Njelele in Gokwe were left homeless after being evicted from their settlements by armed soldiers and police.Th...Published: 16 Apr 2019 at 06:55hrs | 916 | by Staff reporter
Failure to deal with currency crisis proving costly for dictators
For autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be key to survival.It's the same problem that ravaged long-standin...Published: 16 Apr 2019 at 06:54hrs | 477 | by Bloomberg
Vendors reject BCC proposal to hike fees
INFORMAL traders and transport operators in Bulawayo yesterday rejected a proposal by the Bulawayo City Council to raise vending licence and other council fees by 56 percent, saying they can only affo...Published: 16 Apr 2019 at 06:50hrs | 174 | by Staff reporter
Chamisa's MDC unhappy with IMF assisting Zimbabwe
Cyclone Idai, which brought unprecedented destruction as incessant rain and gusty winds caused catastrophic damage, has prompted the International Monetary Fund (IMF) to agree to deepen the Fund's eng...Published: 15 Apr 2019 at 10:58hrs | 4023 | by Staff reporter
Mthuli Ncube triggers panic
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 10:56hrs | 19662 | by Staff reporter
Zimdaba II - Zimbabwe achieving its investment goals - more opportunities available
The recently concluded Zimdaba II, held at the Royal Geographical Society, London on 9th and 10th April highlighted something that tends to be overlooked when reporting on Zimbabwe, and that is the fa...Published: 15 Apr 2019 at 10:13hrs | 380 | by Staff reporter
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 | 6926 | by Staff reporter
Calls for salary, wage adjustments intensify
The Institute of People Management of Zimbabwe (IMPZ) has called for an upward review on the taxable wage threshold from RTGS$350 to cushion workers from the rising cost of living.In the 2019 ...Published: 15 Apr 2019 at 06:43hrs | 1490 | by Staff reporter
MDC led council wants 100% rates hike
THE Bulawayo City Council yesterday proposed to increase rates by more than 100 percent, which residents rejected saying they are already struggling to pay their bills. The residents als...Published: 15 Apr 2019 at 06:41hrs | 433 | by Staff reporter
A look at Zimbabwe's property market
Even though the Zimbabwean property market faces many challenges, it has always been characterised by a high demand and a corresponding low supply – ensuring that the market has always been very act...Published: 14 Apr 2019 at 16:29hrs | 1892 | by Staff reporter
Zimbabwe says US$ 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 | 1489 | 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 | 1512 | by Jacob Mafume
Zimbabwe economy stabilising, claims Mthuli Ncube
FINANCE minister Mthuli Ncube says Zimbabwe's economy is stabilising following the introduction of economic reforms announced under his Transitional Stabilisation Programme (TSP).Latest offici...Published: 13 Apr 2019 at 15:51hrs | 2002 | by Staff reporter
Currency chaos toppled Sudan's al-Bashir
FOR autocratic leaders seeking lessons from the toppling of Sudanese President Omar al-Bashir, avoiding a currency crisis may be the key to survival.It's the same problem that did for long-sta...Published: 13 Apr 2019 at 13:19hrs | 1381 | by Bloomberg
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 | 2146 | by Staff reporter
Mnangagwa co-option civil society to silence growing dissent
PRESIDENT Emmerson Mnangagwa is seeking to co-opt sections of civil society organisations, the church, business and some political parties in a mollifying move meant to silence growing dissent....Published: 12 Apr 2019 at 13:53hrs | 1343 | by Staff reporter
Zimbabwe's path to prosperity
ON April 3, I gave President Emmerson Mnangagwa a letter from my government conveying the heartfelt sympathy of the American people for the lives lost in Cyclone Idai. I also announced that the Americ...Published: 12 Apr 2019 at 13:51hrs | 1263 | by Brian Nichols
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 | 982 | by Staff reporter
Massive retrenchments loom as Zimbabwe economy slows down
HUNDREDS of formal jobs are on the line in the economy as various businesses grapple with the realities of hyperinflation and exchange rate-induced losses. The market has witnessed massive price hikes...Published: 12 Apr 2019 at 09:14hrs | 4218 | by Victor Bhoroma
Zimbabwe's national budget shrinks to US$2bn
Zimbabwe's US8,2 billion 2019 national budget, presented by Finance minister Mthuli Ncube at a time the UD dollar was officially trading par with the country's quasi-currencies on November 22 last yea...Published: 12 Apr 2019 at 07:29hrs | 607 | 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 | 6428 | by Staff reporter
Zimbabwe Army Generals read riot act to Mnangagwa, as he privately offers to resign as President
The game is all but over for President Emmerson Mnangagwa's young presidency, as hardline army generals are reportedly said to have read the riot act to him, over a sheaf of serious issues caused by h...Published: 12 Apr 2019 at 06:54hrs | 24928 | by Itai Mushekwe/Nancy Mabaya/Malvin Motsi
IMF to monitor Zimbabwe economic targets, policies
International Monetary Fund (IMF) staff and Zimbabwe have agreed on steps that will pave way for a Staff Monitored Programme (SMP).An SMP involves the IMF staff monitoring a country's economic...Published: 12 Apr 2019 at 06:50hrs | 257 | by Staff reporter
Cement shortage chokes construction industry
ZIMBABWE'S construction industry contracted by 6,3% percentage points last year due to acute cement shortages and unsustainable prices of construction materials, a Treasury report has shown.Ac...Published: 12 Apr 2019 at 06:45hrs | 193 | by Staff reporter
'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 | 180 | by Staff reporter
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