Search / Fitch
Big international bank leaving Ramaphosa's South Africa
HSBC has exited its operations in South Africa after concluding deals with FirstRand and Absa to take over its two main divisions in the country. The bank first opened a South African office i...Published: 29 Sep 2024 at 12:49hrs | 44594 | by Staff reporter
Zimbabwean girl commits suicide over money dispute
On August 18, 2024, a 17-year-old girl from Mlotshwa Village under Chief Samambwa tragically died after ingesting rat poison. The incident occurred around 5:00 PM fo...Published: 31 Aug 2024 at 11:15hrs | 759 | by Staff reporter
Zimbabwe's new ZiG spins markets into trading disruptions and uncertainty
Zimbabwe's newly introduced ZiG currency is causing market disruptions and transaction bottlenecks despite central bank assurances that it is backed by gold and foreign currency reserves, amid sceptic...Published: 09 Apr 2024 at 06:24hrs | | by Staff reporter
Opposition parties, CSOs are seeing shadows in elections
As the August 23 2023 harmonised elections day draws near, there has been some shivers emanating from some opposition political parties and their funders as reality now is clear that they are facing d...Published: 17 Aug 2023 at 06:48hrs | 6 | by Mukachana Hanyani
Numbers don't lie, facts are stubborn mules
THINK of a bowl of soup; you don't have to take it all to feel the taste but just a spoonful, such is the case with opinion polls that have concluded that if elections are held today, President Mnanga...Published: 13 Jul 2023 at 06:59hrs | 1 | by Staff reporter
Zanu-PF win inevitable?
A SURGE in the support of President Mnangagwa ahead of this year's harmonised elections is an endorsement of his leadership and acceptance of the deliverables that are on the ground from the electorat...Published: 12 Jul 2023 at 08:13hrs | | by Staff reporter
Chamisa's battle to topple Mnangagwa
ON 23 August 2023, Zimbabweans return to the polls to elect members of local councils, the national assembly, and a president. As a country with a hyper-presidentialist system, voting will largely be ...Published: 09 Jul 2023 at 14:28hrs | 7 | by Simukai Tinhu
Harare town clerk acquitted of criminal abuse of office charge
HARARE town clerk Hosiah Abraham Chisango, who was facing charges of perjury and criminal abuse of office on allegations that he favoured Pokugara Properties by writing a letter authorizing the demoli...Published: 12 Jun 2023 at 18:56hrs | | by Staff reporter
US credit rating downgraded
China Chengxin International Credit Rating (CCXI) slashed its sovereign credit score for the US by one notch earlier this week, becoming the first among top rating firms to make the move.The l...Published: 27 May 2023 at 19:44hrs | | by Staff reporter
'US debt is a pyramid scheme used to defraud other nations'
Senior Russian lawmaker Vyacheslav Volodin has branded US federal government debt a global pyramid scheme that is heading for an inevitable collapse. The comments come as Washington struggles to agree...Published: 26 May 2023 at 16:39hrs | 1 | by Staff reporter
Mnangagwa to secure another 5-year term, says US's Fitch Ratings
PRESIDENT Emmerson Mnangagwa will likely secure another five-year term in elections expected in August, Fitch Solutions, a global advisory, predicted in a new report, but warned of a chaotic aftermath...Published: 26 May 2023 at 16:31hrs | | by Staff reporter
Zimbabwe is poor because of IMF
THE International Monetary Fund (IMF)'s programmes have come under fire from civil society, which claims they have lasting repercussions on public service delivery, development, and poverty.Th...Published: 21 May 2023 at 08:12hrs | | by Staff reporter
Mnangagwa poised for landslide victory?
PRESIDENT Mnangagwa will win the forthcoming presidential elections by an unassailable landslide, a new opinion poll shows.The President, whose Government has transformed the country in less t...Published: 16 Mar 2023 at 07:13hrs | | by Staff reporter
Mnangagwa to have a landslide victor , claims SA pastor based pastor
PRESIDENT Mnangagwa is going to have a landslide victory in the upcoming harmonised elections and the results are going to irk the opposition and their partners into fomenting anarchy in the country, ...Published: 05 Mar 2023 at 06:21hrs | 1 | by Staff reporter
Zanu-PF 'will win a comfortable majority' claims Fitch Solutions
THE ruling party, Zanu-PF, "will win a comfortable majority" in this year's harmonised elections and "remain the dominant political party force in Zimbabwe over the coming years", according to New Yor...Published: 26 Feb 2023 at 09:09hrs | | by Staff reporter
Zimbabwe military plots to position Chiwenga to replace Mnangagwa after the polls
A UNITED KINGDOM-based research firm has waded into Zimbabwe's highly volatile political arena predicting that while the ruling Zanu-PF will most likely retain power in the next general elections, the...Published: 19 Feb 2023 at 18:15hrs | 1 | by Staff reporter
'Zimbabwe security forces stifling dissent'
THE ruling Zanu-PF party is expected to win the forthcoming general elections while the opposition Citizens Coalition for Change (CCC) will reject the results setting Zimbabwe on another disputed poll...Published: 12 Feb 2023 at 07:24hrs | 1 | by Staff reporter
Lithium: Chinese lead scramble for Zimbabwe assets
CHINESE firms have invested over US$570 million in Zimbabwe's lithium mines since the last quarter of 2021, as the rush for Zimbabwe's resource escalates.It is not only the Chinese who have st...Published: 11 Apr 2022 at 06:33hrs | | by Staff reporter
'Zimbabwe political violence poses risk to region,' says American firm
An American research firm Fitch Solutions has said Zimbabwe poses political and economic risks in southern Africa ahead of the 2023 general elections.The report, produced in December 2021, sta...Published: 10 Mar 2022 at 06:07hrs | | by Staff reporter
Zimbabwe ranks lowly on Fitch political, economic risk
PROMINENT American market research firm, Fitch Solutions, has ranked Zimbabwe as a country that poses the highest political and economic risk in Southern Africa, a major indicator that poi...Published: 04 Mar 2022 at 17:44hrs | 4 | by Staff reporter
Zimbabwe exports on track for US$7bn target
ZIMBABWE'S exports edged closer to meeting government's US$7 billion target by 2023, after rising by 37,3% last year, the country's export trade promotion agency said this week.Exports climbed...Published: 04 Mar 2022 at 17:41hrs | | by Staff reporter
Katsimberis loses Supreme Court appeal
HARARE-based building contractor had a bad day in court yesterday after the Supreme Court threw out his appeal in the case in which he was seeking to stop his former business partner from selling resi...Published: 28 Sep 2021 at 06:09hrs | | by Staff reporter
Zimbabwe loses US$20bn through non-traditional cartels
ZIMBABWE may have been prejudiced of US$20 billion over the years through corruption due to the acrid relationship between politics and economics that has seen the entrenchment of cartelism in the cou...Published: 12 Feb 2021 at 15:48hrs | | by Staff reporter
Zimbabwe businesses face transfer, pricing risks
BUSINESSES are facing transfer and pricing risks due to shortages of foreign currency and high inflation as the currency crisis strains the economy.This has come as a result of a waning invest...Published: 12 Feb 2021 at 15:46hrs | 1 | by Staff reporter
'Forex auction eased liquidity crisis'
THE move by the Reserve Bank of Zimbabwe (RBZ to introduce the foreign currency auction system in June last year eased a liquidity crisis that swept through small-to-medium enterprises (SME), global r...Published: 11 Feb 2021 at 06:16hrs | | by Staff reporter
Fitch and Moody's downgrade South Africa's credit ratings further
In a move that Finance Minister Tito Mboweni described as 'painful', rating agencies Fitch and Moody's pushed South Africa's credit rating deeper into the scrap heap of junk with downgrades announced ...Published: 24 Nov 2020 at 05:04hrs | | by Staff reporter
Chaos in Mnangagwa's backyard
ZANU-PF was forced to abandon primary elections in Kwekwe yesterday after violence broke out at the party district offices, leading to several arrests.Machete-wielding youths stormed polling s...Published: 05 Oct 2020 at 06:52hrs | | by Staff reporter
'More Zimbabwean families survive on diaspora remittances'
THE majority of poverty-stricken Zimbabwean families are now heavily dependent on diaspora remittances for their upkeep as the economy continues on a nosedive, with the value of the local currency fai...Published: 22 Aug 2019 at 07:47hrs | | by Staff reporter
'Zimbabwe economic outlook remains bleak'
THE outlook for the Zimbabwean consumer remains challenging, over the short term (2019-2020), with the economic collapse brought by a currency crisis leading to hyperinflation and widespread shortages...Published: 16 Aug 2019 at 08:23hrs | | by Staff reporter
South Africa's credit ratings remains at 'junk status'
Standard and Poor's Global Ratings kept South Africa's foreign- and local-currency credit ratings in "junk" territory with a stable outlook late on Friday, saying the new government was expected to fo...Published: 30 May 2019 at 07:59hrs | 3 | by Staff reporter
Monetary policy unlikely to resuscitate Zimbabwe economy
ZIMBABWE'S new monetary system is unlikely to lead to a rapid improvement in liquidity - thus economic growth - in the short to medium-term, a report has revealed.In its monetary policy statem...Published: 24 May 2019 at 07:35hrs | 3 | by Staff reporter
Zimbabwe's outlook not rosy, says Fitch
The macro-research unit of global rating agency, Fitch Solutions, says Zimbabwe's new monetary system is unlikely to lead to a rapid improvement in liquidity, adding that the country's challenges will...Published: 23 May 2019 at 06:46hrs | | 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 | 4 | by Staff reporter
Zimbabwe ready for key reforms, says UK think tank
Zimbabwe is poised to register a significant progress on its economic reform programme, largely benefiting from improved political governance and the new dispensation's efforts to re-engage the intern...Published: 29 Mar 2019 at 06:27hrs | | by Staff reporter
Zimbabwe the way forward
Good Evening my fellow Zimbabweans, I would firstly like to offer my condolences to the bereaved families and offer some words of encouragement to the victims of cyclone Idai that affected the...Published: 27 Mar 2019 at 07:24hrs | 1 | by Terence Simbi
The storm that knew no boundaries
TROPICAL Cyclone Idai has made headlines across southern Africa throughout the month of March. Lingering in the Mozambique Channel at tropical cyclone intensity for six days, the storm made landfall i...Published: 22 Mar 2019 at 06:37hrs | 1 | by Jennifer Fitchett
Mozambique cyclone cuts power to South Africa
At least 43 people died in central Mozambique and Zimbabwe after a tropical cyclone tore through the southern African nations, knocking out electricity and phone networks and cutting power to South Af...Published: 16 Mar 2019 at 13:32hrs | | by Bloomberg
Bond notes unsustainable, fuel inflation, claims Fitch
Fitch Solutions, the macro-economic arm of global rating agency says Zimbabwe's currency regime is highly unsustainable and will continue to fuel inflationary pressures going forward.In 2009, ...Published: 08 Jan 2019 at 09:16hrs | | by Staff reporter
The Zimbabwe bond note survives
ZIMBABWE'S surrogate bond note currency will continue to circulate as Treasury says it will maintain the 1:1 parity between local money and the greenback. This is despite the disparity in exchange rat...Published: 23 Nov 2018 at 05:32hrs | | by Staff reporter
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: 18 Nov 2018 at 07:46hrs | | by Staff reporter
'Zimbabwe mining regulations still restrictive'
Zimbabwe's domestic mining regulatory environment remains one of the most restrictive in the region and needs to change to attract investment, a leading information group Fitch Solutions says in its l...Published: 29 Oct 2018 at 05:41hrs | 19 | by Staff reporter
Zimbabwe currency stabilisation in a year
A Zimbabwean man shows off new bond notes outside a bank in Harare on November 28, 2016. Picture: Philimon Bulawayo/ReutersZimbabwe's currency stability hinges on the country‘s ability to bu...Published: 12 Oct 2018 at 13:45hrs | | by Staff reporter
Mthuli Ncube's ambitious plans
ZIMBABWE'S Finance minister Mthuli Ncube has ambitious plans of floating a Eurobond on the international debt market but he will have to put them on hold until he hammers out an elaborate schedule to ...Published: 29 Sep 2018 at 13:10hrs | | by Staff reporter
Zimbabwe budget deficit seen widening
Zimbabwe's budget deficit will increase this year after government awarded its workers a 17,5% wage increase while revenue collection remains weak, according to a leading research firm."A hike...Published: 16 Sep 2018 at 09:08hrs | | by Staff reporter
British investors set eyes on Zimbabwe
Top British investors are reportedly taking advantage of their Prime Minister Theresa May's visit to Africa on an investment, trade and diplomatic offensive mission in the continent ahead of United Ki...Published: 03 Sep 2018 at 07:11hrs | | by Staff reporter
Zimbabwe to benefit from $10 billion Brexit war chest
Top British investors are reportedly taking advantage of their Prime Minister Theresa May's visit to Africa on an investment, trade and diplomatic offensive mission in the continent ahead of United Ki...Published: 02 Sep 2018 at 08:51hrs | | by Staff reporter
'Mnangagwa will succeed in reintegrating Zimbabwe'
FITCH Solutions, a leading economic research firm, which is part of reputable global credit rating agency Fitch Ratings, believes President Mnangagwa will make progress in reintegrating Zimbabwe into ...Published: 31 Aug 2018 at 06:40hrs | | by Staff reporter
Zimbabwe's country risk improves significantly
ZIMBABWE'S country risk has gone down in the past eight months, with investor interest growing following deposition of the country's former president Robert Mugabe, a British-owned stockbroking firm h...Published: 24 Aug 2018 at 06:06hrs | | by Staff reporter
US think tank sees Zimbabwe boom under Mnangagwa
President Emmerson Mnangagwa has firmly set Zimbabwe on a positive economic transformation path that will benefit the mining sector in the coming years, according to US global market data, analytical ...Published: 17 Aug 2018 at 07:31hrs | | by Staff reporter
Think-tank warns of prolonged social unrest in Zimbabwe
BMI Research, a Fitch think-tank, has warned of prolonged social unrest and slow pace of economic reforms owing to the disputed outcome of polls held last month in which President Emmerson Mnangagwa w...Published: 10 Aug 2018 at 11:35hrs | | by Staff reporter
Load More Stories
