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South Africa's Zimbabwe dilemma
As Zimbabwe's economic and political situation teeters on the verge of chaos, SA takes a disjointed approach. By Ringisai Chikohomero for ISS TODAY.First published by ...Published: 14 hrs ago | 2565 | by Ringisai Chikohomero
In memory of Zimbabwe's Independence
On 18th April 1980, Zimbabweans celebrated their Independence both from Britain and from the Ian settler state. The celebration was rather muted because it was the little headmaster, Robert Mugabe, wh...Published: 22 hrs ago | 862 | by Ngqabutho Mabhena
'RTGS$ is not a currency' says Minister
Deputy Government Spokesperson Energy Mutodi has confirmed a long standing asserting by Zimbabweans that the country does not have a currency and the recently introduced RTGS$ by the Reserve bank of Z...Published: 18 Apr 2019 at 09:22hrs | 6105 | by Mandla Ndlovu
39 years on, Zimbabwe has achieved nothing: Chamisa
ZIMBABWE turns 39 tomorrow and NewsDay (ND) senior reporter Blessed Mhlanga caught up with the opposition MDC leader Nelson Chamisa (NC) to discuss the importance of the day vis-a-vis the current econ...Published: 17 Apr 2019 at 15:00hrs | 2816 | by Staff reporter
Washington experts call for end to Zimbabwe sanctions
Experts in Washington, discussing whether or not Zimbabwe is a source of shame or opportunity for Africa, were unanimous in their position that targeted sanctions were hurtful to the country, and must...Published: 17 Apr 2019 at 07:53hrs | 2473 | by VOA
Zimbabwe black market running amok
GOVERNMENT is facing renewed pressure on the economic front, with the parallel foreign currency market once again running amok — pushing the prices of basic consumer goods like bread beyond the reac...Published: 17 Apr 2019 at 07:25hrs | 29044 | by Staff reporter
Mnangagwa faces internal revolt
PRESIDENT Emmerson Mnangagwa faces an internal revolt from Zanu-PF youths who are angry over his recent announcement that his government will follow constitutional provisions and compensate white form...Published: 16 Apr 2019 at 18:40hrs | 11668 | 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 | 3999 | 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 | 19571 | by Staff reporter
'I NOW realise corruption is deep-root' confessed ED - nonsense, you are the godfather
"I now realise that corruption is deep-rooted. I thought that by pronouncing that let's fight corruption those who are corrupt will fear and stop; it's not like that. It's so rooted that you have to f...Published: 15 Apr 2019 at 08:19hrs | 1517 | by Nomusa Garikai
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 | 6893 | by Staff reporter
MDC backs Mnangagwa
THE MDC Alliance has said compensation of white former commercial farmers is a must as debate on the issue rages after government said it would to pay the farmers for losses suffered during the land r...Published: 15 Apr 2019 at 06:48hrs | 4387 | 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$350 to cushion workers from the rising cost of living.In the 2019 ...Published: 15 Apr 2019 at 06:43hrs | 1485 | by Staff reporter
'Be wary of political gladiators' moans Mnangagwa - what is to fear in another 'legal' coup
"If any members or structures of the party have any grievances, the laid-out rules, regulations and procedures must be followed," Mnangagwa told his Zanu-PF Youth League members. "As you carry...Published: 14 Apr 2019 at 19:24hrs | 1409 | by Patrick Guramatunhu
Mutsvangwa blames 'Queen Bee' for high fuel prices
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zanu-PF to gain an unfair advantage in the supply of fuel to the southern African nation.The...Published: 14 Apr 2019 at 10:12hrs | 5061 | by Joseph Cotterill and David Sheppard I Financial Times
Zimbabwe says US$ 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 | 1475 | by Staff reporter
Mnangagwa warns ambitious bigwigs
PRESIDENT Emmerson Mnangagwa has told Zanu-PF youths to be wary of ambitious bigwigs who are bent on causing disunity in the party and the nation at large.Addressing the Zanu-PF youth league n...Published: 13 Apr 2019 at 15:58hrs | 6543 | by Staff reporter
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 | 1993 | by Staff reporter
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 | 2139 | by Staff reporter
Is it now conducive to introduce new currency in Zimbabwe?
FOR many years now, ever since Zimbabwe realised that it was pointless to keep propping up its useless hyperinflation-ravaged Zimbabwe dollar, the rallying call from government has been that the count...Published: 13 Apr 2019 at 13:13hrs | 761 | by Staff reporter
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 | 977 | by Staff reporter
Mnangagwa fumes
PRESIDENT Emmerson Mnangagwa yesterday warned retailers and companies against "unjustified" price increases which he said had brought untold suffering to ordinary Zimbabweans.Incidentally, as ...Published: 12 Apr 2019 at 08:24hrs | 13330 | by Staff reporter
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 | 605 | by Staff reporter
RBZ warns over wild interest rates
The Reserve Bank of Zimbabwe (RBZ) has warned domestic banks against arbitrary hikes of lending rates and called for a fine balancing act in dealing with cost and inflationary pressures to avoid tippi...Published: 12 Apr 2019 at 07:28hrs | 2090 | 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 | 6416 | by Staff reporter
Zimbabwe's fuel pipeline allegedly 'captured' by Trafigura
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zimbabwe's ruling party to gain an unfair advantage in the supply of fuel to the southern Africa...Published: 12 Apr 2019 at 07:13hrs | 1577 | by Joseph Cotterill and David Sheppard
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 | 24638 | by Itai Mushekwe/Nancy Mabaya/Malvin Motsi
Time to stop mischief of bashing under guise of reporting
IN the first analysis and final analysis, newspapers — in spite of and despite their editorial slant — should — and must — be guided by accuracy. Accuracy is the be-all and end-all."Wh...Published: 12 Apr 2019 at 06:49hrs | 140 | by Conway Tutani
Ex-Zipra cadre predicts civil unrest
WHITE former Zimbabwe Peoples' Revolutionary Army (Zipra) freedom fighter, Jeremy Brickhill has warned that Zimbabwe is heading for conflict and urged citizens to find each other and stop the blame ga...Published: 12 Apr 2019 at 06:45hrs | 1042 | by Staff reporter
Bank fined US$18 million for violation US sanctions – sanctions are now hitting the target, great
"Dear Zimbabwe US sanctions against Zimbabwe are not targeted. They affect all of us. Don't listen to the United States Embassy propaganda," Trevor Ncube said.Ncube was speaking after the Unit...Published: 11 Apr 2019 at 20:49hrs | 2119 | by Patrick Guramatunhu
Zimbabwe to engage Germany, Netherlands over land compensation
Zimbabwe will soon engage in high level negotiations with Germany and the Netherlands on the compensation of evicted former white commercial farmers who lost their land reform exercise. Source...Published: 11 Apr 2019 at 07:51hrs | 1270 | by Staff reporter
IMF, Zimbabwe agree on policies & reforms
The International Monetary Fund and Government have reached agreement on macroeconomic policies and structural reforms that can underpin a Staff Monitored Programme. This follows a visit ...Published: 11 Apr 2019 at 07:30hrs | 1841 | by FinX
Zimbabwe white farmers set new compensation demands
GOVERNMENT has been driven into a tight corner over compensation of white former commercial farmers who lost land during the country's fast-track land reform programme after the former farmers tabled ...Published: 11 Apr 2019 at 07:20hrs | 1539 | by Staff reporter
Lawyers derail Parliament committee hearing
ORAL evidence of the Parliamentary Privileges Committee set up to look into a matter involving four legislators affiliated to the Mines Committee who allegedly demanded a $400 000 bribe from businessm...Published: 09 Apr 2019 at 15:23hrs | 640 | by Staff reporter
Ncubenomics
In February, Reserve Bank Governor, John Mangudya announced the introduction of the RTGS dollar - the currency that confirmed what we knew all along: one is not to one. The RTGS dollar was initially s...Published: 09 Apr 2019 at 15:19hrs | 3331 | by Kubatana
Reserve Bank of Zimbabwe broke, says Biti
PARLIAMENT'S Public Accounts Committee chairperson Tendai Biti says the Reserve Bank of Zimbabwe (RBZ) is effectively broke after government ran up its overdraft facility with the bank to finance its ...Published: 08 Apr 2019 at 13:56hrs | 3068 | by Staff reporter
2% tax is right, 'right is not always popular' quoting Einstein - Mthuli Ncube, you are NOT Albert Einstein
"They say you can only know the true state of a car when you lift its bonnet and look inside. And so it was back in September, when I was appointed Minister of Finance, and got to take a look at the t...Published: 07 Apr 2019 at 09:41hrs | 1770 | by Wilbert Mukori
Mnangagwa's currency 'joke in bad taste'
AN off-hand comment regarding the local RTGS currency, by President Emmerson Mnangagwa has left the country's biggest opposition party, the MDC fuming.Mnangagwa told victims of Cyclone Idai in...Published: 07 Apr 2019 at 08:35hrs | 533 | by newzimbabwe
Mnangagwa comes under criticism for mocking the RTGS$s
PRESIDENT Emmerson Mnangagwa has come under criticism for seemingly mocking the country's currency, real time gross settlement dollars (RTGS$) at an event where he said the Cyclone Idai-induced floods...Published: 06 Apr 2019 at 16:33hrs | 11046 | by Staff reporter
Mthuli Ncube to flesh out compensation plan for white farmers ahead of US trip
Finance Minister Mthuli Ncube is travelling to the United States next week, but before then he will announce that the government is ready to pay out $53 million compensation to former white land owner...Published: 06 Apr 2019 at 16:32hrs | 3710 | by ZimLive
'2 more years for austerity measures to start bearing fruit'
FINANCE Minister Mthuli Ncube says Zimbabweans shall have to wait for two years to start feeling any positive impact of his controversial austerity measures he introduced late last year."I thi...Published: 06 Apr 2019 at 07:58hrs | 1337 | by newzimbabwe
Mnangagwa plans to appoint more MDC official to key govt positions
PRESIDENT Emmerson Mnangagwa plans to appoint more opposition officials to key government positions notwithstanding his continuing brawl with MDC boss Nelson Chamisa - who has adamantly refused to...Published: 05 Apr 2019 at 16:21hrs | 7523 | by Staff reporter
Zimbabwe war veterans demand more money
War veterans, who in the late 1990s demanded and received gratuities, have filed a High Court application to push President Emmerson Mnangagwa's government to honour other monetary promises dating bac...Published: 05 Apr 2019 at 16:01hrs | 1035 | by ZimLive
'Mnangagwa govt's dodgy multi-billion dollar deals illegal'
FORMER finance minister Tendai Biti has condemned the majority of deals signed by President Emmerson Mnangagwa, describing them as unconstitutional and void as they were not approved by parliament in ...Published: 05 Apr 2019 at 10:02hrs | 2021 | by Staff reporter
Mnangagwa fishes in Chamisa's pond
PRESIDENT Emmerson Mnangagwa plans to appoint more opposition officials to key government positions notwithstanding his continuing brawl with MDC boss Nelson Chamisa - who has adamantly refused to rec...Published: 05 Apr 2019 at 07:18hrs | 13841 | by Staff reporter
Mthuli Ncube launches 7 year IPSAS implementation strategy plan
FINANCE Minister Mthuli Ncube Wednesday launched the Migration to Accrual Based International Sector Accounting Standards implementation plan that will see government institutions move up to speed wit...Published: 05 Apr 2019 at 07:17hrs | 1736 | by newzimbabwe
Govt frets over ZITF hotel rates
The government says it is dismayed by the attitude of hotels and lodges in Bulawayo which have sharply hiked their rates for this year's Zimbabwe International Trade Fair (ZITF), which begins in a for...Published: 05 Apr 2019 at 07:05hrs | 463 | by Staff reporter
Mthuli Ncube hammers businesses for linking prices to exchange rate
Finance Minister Mthuli Ncube on Wednesday accused local businesses of profiteering for linking price increases of basic goods to exchange rate movements of a new transitional currency.Since t...Published: 04 Apr 2019 at 11:15hrs | 5233 | by Reuters
'Zimbabwe is an amazing place to live' boasted Cross - not for the millions living in abject poverty
When Zimbabwe gained her independence in 1980, the country had the potential to become a prosperous nation, the South Korea of Africa. The last 38 years of corrupt and tyrannical Zanu-PF dictatorship ...Published: 04 Apr 2019 at 08:13hrs | 1053 | by Patrick Guramatunhu
Zimbabwean banks ask RBZ to lift interest-rate cap
Zimbabwe's lenders, which include units of Standard Bank Group and Ecobank, appealed to the central bank to raise interest rates that have been capped at 12% for the past two years, saying this would ...Published: 03 Apr 2019 at 20:22hrs | 1537 | by Bloomberg
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