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Zimbabwe must adopt the rand, says Fitch Solutions
ZIMBABWE must adopt the South African Rand to deal with the worsening currency crisis caused by the shortage of United States dollars, an international research firm has said. United Kingdom-b...Published: 20 hrs ago | 947 | by Staff reporter
Sondelani Ranching readies for tomato paste exports
ONE of the country's leading agribusiness concerns, Sondelani Ranching will soon start exporting tomato paste from its newly commissioned processing plant in Bulawayo into the region as it forges ahea...Published: 20 hrs ago | 418 | by Staff reporter
Opinion: Perspective . . .
SEEING things in perspective has never been more important in Zimbabwe. If we fail to do so, our view of the current problems we are encountering will be distorted and we may all make decisions we lat...Published: 17 Nov 2018 at 06:49hrs | 111 | by Eddie Cross
'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: 16 Nov 2018 at 12:31hrs | 6435 | by Staff reporter
Zimbabwe should start embracing agrobusiness as priority of turning around the economy
Agriculture have to be in the centre stage in plans for the revival of Zimbabwe's ailing economy. Getting agriculture moving in Zimbabwe is a big task. The radical land reform of 2000 has left many ou...Published: 15 Nov 2018 at 14:02hrs | 818 | by Enos Denhere
Modi invited to India gold summit
THE Deputy Minister of Industry and Commerce, Raj Modi, has been invited by the Gem and Jewellery Export Promotion Council of India (GJPEC) to participate in the second edition of the India Gold and J...Published: 15 Nov 2018 at 05:49hrs | 595 | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 2988 | by newZwire with The Source
Building value chains, skills for Vision 2030
Zimbabwe aspires to be an upper middle-income economy with a per capita income of US$3 500 by 2030. This requires fundamental transformations and shifts in the economy. Our Transitional Stabil...Published: 14 Nov 2018 at 05:35hrs | 208 | by Emerson D. Mnangagwa
Miners to retain 55% export earnings
THE Reserve Bank of Zimbabwe (RBZ) has agreed to increase large scale miners' retention of foreign currency from mineral exports to 55 percent to allow them to cover production costs. Recently...Published: 13 Nov 2018 at 05:52hrs | 331 | 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 | 840 | by Staff reporter
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 | 990 | by Eddie Cross
'Bond notes have been a success'
RESERVE Bank of Zimbabwe governor John Mangudya had a torrid time at the pre-budget seminar for legislators in Bulawayo last week when he was grilled over currency problems bedevilling the country....Published: 11 Nov 2018 at 12:26hrs | 2077 | by Staff reporter
Kimberley Process chair asked to suspend diamond exports from Israel
During a round-table meeting in the EU Parliament in Brussels the EU chair of the Kimberley Process, Hilda Hardeman and chair of the KP Civil Society Coalition (CSC), Shamiso Mtisi, were urged to susp...Published: 11 Nov 2018 at 12:09hrs | 371 | by Sean Clinton
Economic Dialogue: Building value chains, skills for Vision 2030
Zimbabwe aspires to be an upper middle-income economy with a per capita income of US$3 500 by 2030.This requires fundamental transformations and shifts in the economy. Our Transitional Stabili...Published: 11 Nov 2018 at 09:29hrs | 63 | by HE Emmerson D Mnangagwa
Time to value add, says Mnangagwa
President Emmerson Mnangagwa has proposed an indaba on how Zimbabwe should develop value chains for the country's mining and agriculture sectors with a view to advancing the twin objectives of moderni...Published: 11 Nov 2018 at 09:18hrs | 111 | by Staff reporter
'2019 budget deficit will be 4% of GDP'
FINANCE minister Mthuli Ncube has indicated that the 2019 national budget would reduce budget deficit to 4% of gross domestic product (GDP) in 2019, and subsequently to 2,4% in the following year....Published: 10 Nov 2018 at 11:04hrs | 1477 | by Staff reporter
Reality check for Mthuli Ncube
Under-pressure Finance minister Mthuli Ncube faces a tough task in balancing policy measures that stabilise the economy and populist demands from the ruling party when he presents his much-awaited N...Published: 09 Nov 2018 at 17:18hrs | 4368 | by Staff reporter
Schweppes anticipate continued gaps in production due to forex shortages
Schweppes Holdings Africa Limited (SHAL) is the holding company for Schweppes Zimbabwe Limited (SZL) whose core business is manufacturing, sales and distribution of beverages under license from The Co...Published: 09 Nov 2018 at 09:00hrs | 1792 | by Schweppes
'Rushed currency reform could harm Zimbabwe economy'
Rushing to implement currency reforms without sufficient stocks of foreign currency to back up the transition would have serious adverse effects on Zimbabwe's economy, which would cause suffering of c...Published: 09 Nov 2018 at 06:22hrs | 3552 | by Staff reporter
Forex shortages hinder start-up
In 2006, Bike and Boat Bar (BBB), a Bulawayo company, started manufacturing motor cycles, a first for the country and the region. Soon after, however, the economy tanked as hyperinflation rendered the...Published: 08 Nov 2018 at 05:37hrs | 771 | by Staff reporter
Zimbabwe's de facto challenge
This week, US Assistant Secretary of State for the Bureau of African Affairs, Tibor P Nagy is visiting four African and two European countries; United Kingdom, France, Togo, Mali, Ethiopia and Nigeria...Published: 07 Nov 2018 at 06:25hrs | 569 | by Pearl Matibe
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 | 950 | by Staff reporter
Trade deficit narrows to $127m
Zimbabwe's negative trade balance narrowed markedly in August this year, falling 42 percent to $127,2 million on the back of strong growth in exports, the Reserve Bank of Zimbabwe (RBZ) said in its mo...Published: 07 Nov 2018 at 05:43hrs | 142 | by Staff reporter
Zimbabwe should take advantage of Intra-African Trade Fair'
FINANCE minister Mthuli Ncube yesterday said Zimbabwe should take advantage of the upcoming Intra-African Trade Fair (IATF) set for next month in Egypt to improve export market diversification and tap...Published: 06 Nov 2018 at 05:42hrs | 129 | by Staff reporter
Banks must stop disbursing forex
If there is no leakage of forex from official institutions then the obvious source of forex on the black market are people in the diaspora who send home US dollars through Mukuru, Western Union, Money...Published: 06 Nov 2018 at 05:27hrs | 1773 | by Goto
We are our own worst enemies
I have a question that needs an honest answer. Do we, as Zimbabweans, want our country to succeed?Having been unable to get cooking oil in supermarkets, I decided to pay downtown Harare a visi...Published: 05 Nov 2018 at 06:42hrs | 1917 | by Mapozho Saruchera
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 | 3453 | by Staff reporter
'We must Buy Zimbabwe or die'
The Israelites reportedly took 40 years in the wilderness on a journey that ordinarily took a month.Clearly, something was not right.Suffice to say, gross indiscipline and an inability...Published: 04 Nov 2018 at 09:45hrs | 4659 | by Munyaradzi Hwengwere
Adopt the Rand to stabilise the economy
The lifting of SI 122 made this writer to revisit a debate that made headlines in the post- election period in Zimbabwe. This was premised on whether Zimbabwe should join the Rand monetary community o...Published: 03 Nov 2018 at 13:06hrs | 6053 | by Brightface Mutema
Mnangagwa's prosecution unit moves in to tackle deep-rooted corruption
An investigation by the Special Presidential Prosecution Unit (SPPU) has unearthed a cartel of senior executives at Cottco together with a group of high profile politicians as being behind a spate of ...Published: 02 Nov 2018 at 15:10hrs | 3454 | by Staff reporter
Zimbabwe gets $1 billion bailout?
The African Export Import Bank (Afreximbank) has extended a $1 billion loan to Zimbabwe to guarantee the convertibility value of Real Time Gross Settlement (RTGS) balances into United States dollars a...Published: 02 Nov 2018 at 15:08hrs | 13663 | by Staff reporter
'Zimbabwe goods smuggled out of the county'
A number of product lines that have become household names in Zimbabwe are being smuggled out of the country, thereby depriving the fiscus of millions of United States dollars.The Daily News c...Published: 31 Oct 2018 at 13:25hrs | 1167 | by Staff reporter
CDC concerned about Zimbabwe's currency issues
The Commonwealth Development Corporation (CDC) has expressed concern over Zimbabwe's currency situation after Treasury resolved tax compliance issues around a long-delayed $100m loan that was extended...Published: 28 Oct 2018 at 21:20hrs | 2206 | by Staff reporter
Zimbabwe's health time bomb
ZIMBABWE'S hospitals lack basic equipment such as thermometers and painkillers while the working conditions for nurses are deteriorating, Parliament heard on Friday.The rot in the health secto...Published: 28 Oct 2018 at 08:16hrs | 796 | by Staff reporter
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 | 5808 | by Teddy Brett and Simon Winter
Mthuli Ncube mulls more one-stop border posts
GOVERNMENT will be setting up more one-stop border posts to ease the movement of people and goods across borders in a bid to generate more revenue. This was said by Finance and Economic Develo...Published: 27 Oct 2018 at 08:30hrs | 2294 | by Staff reporter
Zimbabwe restricts exports of basic commodities
Authorities at Kariba and Chirundu border posts have reduced the number of days on which Zimbabwean can cross to trade their wares in Zambia using passes. An agreement reached between border a...Published: 25 Oct 2018 at 21:03hrs | 2419 | by Staff reporter
Flooding country with imports retrogressive, says Zimbabwe industrialists
Industrialists said yesterday that the decision by Government to lift the ban on the importation of some basic commodities will cripple the revival of the manufacturing sector and threaten jobs. ...Published: 25 Oct 2018 at 06:34hrs | 1095 | by Staff reporter
Zimbabwe Parliamentary committee to engage US congress on sanctions
THE Parliamentary Committee on Foreign Affairs and International Trade is planning to meet members of the United States Congress and the European Union to discuss the removal of sanctions as part of i...Published: 23 Oct 2018 at 06:18hrs | 535 | by Staff reporter
'Everyone (petty forex dealers) must play to rules' says (vote rigging) ED - do you ever
President Emmerson Mnangagwa going after the foreign currency dealers with all guns blazing!"As we work towards improving and stabilising the flow of foreign exchange into the productive secto...Published: 22 Oct 2018 at 06:55hrs | 922 | by Patrick Guramatunhu
Mthuli Ncube working on measures to curb illegal forex deals
Government is working on a raft of measures to curb illegal and speculative foreign currency dealings that have resulted in prices sky-rocketing, Finance and Economic Development Minister Professor Mt...Published: 20 Oct 2018 at 08:09hrs | 629 | by Staff reporter
'Zimbabwe diesel demand strikingly increasing'
Diesel demand has been strikingly increasing over the last few months, a leading financial research firm has said.The government has said the gain is due to regional truckers taking advantage ...Published: 19 Oct 2018 at 11:55hrs | 604 | by Staff reporter
Zimbabwe gold exports decline by 21%
Zimbabwe's gold mining firms exported $130 million worth of bullion in August, a decline of 21 percent on the prior month.Gold is the single largest export earner in the southern African count...Published: 19 Oct 2018 at 11:47hrs | 295 | by Staff reporter
Zimbabwe govt won't assist resettled farmers anymore, says Mthuli Ncube
Zimbabwe's minister of finance Mthuli Ncube has reportedly said that resettled farmers will no longer get assistance from government, as the programme was "riddled with corruption".According t...Published: 18 Oct 2018 at 15:17hrs | 5179 | by Staff reporter
Zimbabwe blanket firms face extinction
ZIMBABWE'S sole blanket manufacturer, Waverley, is facing an uncertain future due to illegal Chinese imports, the government has said.Waverly, which stands at the heart of the ruins of scores ...Published: 18 Oct 2018 at 15:16hrs | 736 | by Staff reporter
Zimbabwe eyes UK market post Brexit
Britain is expected to leave the European Union (EU) in the next few months, and has signaled intention to strengthen economic and trade ties with its former colonies, which include Zimbabwe.A...Published: 18 Oct 2018 at 15:09hrs | 945 | 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 | 3865 | by Staff reporter
Zanu-PF bigwigs to sink in forex crackdown
A crackdown against foreign currency dealers will be rolled out in a few days and is expected to leave top executives in banks, companies and State institutions behind bars, Business Times has learnt....Published: 18 Oct 2018 at 07:32hrs | 12731 | by Staff reporter
Bank card cloning fraud cases on the rise in Zimbabwe
THE Zimbabwe Information and Communication Technologies (ZICT) says 154 cases of bank card cloning have been reported in the country so far as more people use electronic payment systems in the absence...Published: 18 Oct 2018 at 06:39hrs | 915 | by Staff reporter
Chinese deals, raw or fair for the Zimbabwean economy?
Given the recent developments in Zimbabwe and the African continent, it is worthy assessing how Chinese investments can affect the local economy going forward. Critical for Zimbabwe is how the country...Published: 17 Oct 2018 at 21:41hrs | 1856 | by Victor Bhoroma
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