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Bulawayo diaper plant launch hits snag
BULAWAYO's first diaper manufacturing project, which is being developed at a cost of more than $2 million, is failing to take off due to foreign currency shortages to import critical raw materials. ...Published: 15 Jan 2019 at 07:12hrs | 456 | by Staff reporter
Zimbabwe now has the world's highest petrol price
Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a three-day national strike after the government more than doubled fuel prices to the highest in th...Published: 14 Jan 2019 at 22:26hrs | 713 | by Bloomberg
Stiff penalties for errant fuel firms
Owners of oil companies and service stations that cheat in buying or selling fuel face heavy penalties under new regulations gazetted at the weekend which also show that almost all the fuel price incr...Published: 14 Jan 2019 at 15:15hrs | 238 | by Staff reporter
'Mnangagwa should act or Zimbabwe will burst'
Having started the year engulfed with a myriad of problems - from fuel shortages, soaring prices of goods and services, shortages of drugs to labour disputes - the Daily News on Sunday's Assistant Edi...Published: 13 Jan 2019 at 22:38hrs | 5897 | by Staff reporter
Zimbabwe facing foreign currency shortages, not fuel, says Mnangagwa
News Editor Gift Phiri sits down for a wide-ranging interview with President Emmerson Mnangagwa's spokesperson George Charamba about the stuttering economy and what government is doing to address the ...Published: 13 Jan 2019 at 22:28hrs | 787 | by Staff reporter
Use dollarised taxes to pay civil servants
Government must stop using foreign currency (forex) to finance lifestyles for elites and instead use dollarised taxes to pay civil servants in United States dollars, an official from Zimbabwe's larges...Published: 13 Jan 2019 at 22:26hrs | 521 | by Staff reporter
Enough Is Enough my fellow comrades
Revolutionary greetings Zimbabweans, Once upon a time this second republic promised people jobs, freedom and the betterment of each life in contemporary Zimbabwe.We as ordinary Zimbabw...Published: 13 Jan 2019 at 15:13hrs | 10433 | by Mberi Prince
President ED It's a Devilish Move to go to Davos
If you divide $2,5 million with 80 Members of Parliament you will get $31,250. It means that, if ED is not going to Davos via other four countries to attend an economic forum between 22-25 January 201...Published: 13 Jan 2019 at 10:30hrs | 3579 | by Don Chigumba
Chiwenga warned against interfering with business
ZIMBABWE National Chamber of Commerce (ZNCC) chief executive Chris Mugaga has warned government to stop interfering with business or risk the consequences of economic failure.He was addressing...Published: 13 Jan 2019 at 08:39hrs | 5217 | by newzimbabwe
MDC-T statement on fuel increase and labour crisis
CONSIDERING the challenges that our nation is facing, the press conference by the President of Zimbabwe Emmerson Mnangagwa last night, showed the world how our current government is detached from real...Published: 13 Jan 2019 at 08:33hrs | 1574 | by Linda Tsungirirai Masarira
Emmerson Mnangagwa is a monumental failure
Robert Mugabe's protracted despotic rule brought Zimbabwe down to its knees. Such was the damage to a nation hitherto referred to as 'Jewel of Africa' that the general consensus was that things could ...Published: 12 Jan 2019 at 18:28hrs | 12207 | by Grace Kwinjeh
Forex dealer nabbed, appears in court
A 24-YEAR-OLD Marondera man, who was nabbed by police while selling foreign currency on the black market, has been arraigned before the courts.James Mukaro of Cherutombo suburb pleaded not gui...Published: 12 Jan 2019 at 17:24hrs | 1075 | by Staff reporter
Govt sets record straight on fuel
GOVERNMENT has dismissed reports that fuel would be sold in foreign currency with bond notes and swipe being accepted using black market rates only as from Monday. The social media reports were dismis...Published: 12 Jan 2019 at 11:30hrs | 2631 | by Staff Reporter
Zimbabwe to have own currency in 12 months
Finance and Economic Development Minister Professor Mthuli Ncube yesterday said the country will have its own currency within the next 12 months, as Government is frantically working on raising enough...Published: 12 Jan 2019 at 11:18hrs | 3398 | by Staff Reporter
Quick austerity measures to avert imminent economic collapse
Austerity is described as sternness, severity of manner or attitude. In other manner it is described difficult economic conditions created by the Government measures to reduce public expenditure. The ...Published: 11 Jan 2019 at 20:27hrs | 4020 | by Tinashe Eric Muzamhindo
Zimbabwe forex woes hit ARV procurement
Government has made strides in the fight against HIV/AIDS, which has seen the country reducing the HIV prevalence rate from a high of 27 percent in 1997 to the current 13 percent, but resource constra...Published: 11 Jan 2019 at 18:55hrs | 548 | by Staff reporter
Zimbabwe to have its own currency in 12 months
Zimbabwe should brace itself for its own currency within the next 12 months the Minister of Finance and Economic Development Mthuli Ncube said.He was speaking at a Town Hall meeting with organ...Published: 11 Jan 2019 at 18:44hrs | 4125 | by Mandla Ndlovu
Mnangagwa under massive pressure
PRESIDENT Emmerson Mnangagwa's administration faces a mammoth task to steady the ship and deliver the goods as pressure mounts from all angles amid massive economic, social and political turbulence wh...Published: 11 Jan 2019 at 10:03hrs | 5222 | by Staff reporter
Delta on the brink
DELTA Corporation says it faced the gloomy prospect of halting all its business operations this month owing to a crippling foreign currency shortage that has paralysed the economy.To cushion i...Published: 11 Jan 2019 at 10:02hrs | 3564 | by Staff reporter
Growing unrest exposes official posturing
FAILURE by government to address the unrelenting currency crisis has come back to haunt the country as evidenced by widespread unrest triggered by the rising cost of living.Finance minister Mt...Published: 11 Jan 2019 at 10:00hrs | 742 | by Staff reporter
Zimbabwe companies to collapse in 30 days
MANY manufacturers could be forced to halt operations if government fails to arrest the crippling currency crisis within the next 10 days as most companies are left with less than a month's stock of r...Published: 11 Jan 2019 at 09:58hrs | 2608 | by Staff reporter
Time to confront bloodsuckers wherever and whenever
THAT things could be on the verge of boiling over is not an overstatement, but for the "big boys" these are the best of times as they are making a killing.But it should be pointed out from the...Published: 11 Jan 2019 at 09:39hrs | 373 | by Conway Tutani
Mnangagwa offers $41 pay increase for civil servants
GOVERNMENT has offered civil servants 10 percent pay increment across the board beginning this April but this was immediately rejected by its workforce which still insists on a planned strike in two w...Published: 10 Jan 2019 at 18:27hrs | 7873 | by newzimbabwe
Chiwenga slams panic buying and hoarding tendencies
Acting President Retired General Dr Constantino Chiwenga says panic buying and hoarding tendencies are fuelling shortages and price distortions.Dr Chiwenga was speaking at the launch of the se...Published: 10 Jan 2019 at 18:12hrs | 3795 | by Staff reporter
'Zimbabwe has enough USD to pay civil servants'
The government has enough foreign currency to pay civil servants in United States Dollars, the opposition Movement for Democratic Change has said.In a statement released by Party Spokesperson ...Published: 10 Jan 2019 at 14:28hrs | 8608 | by Mandla Ndlovu
Harare won't charge in US dollars
Despite the continued economic hardships, Harare residents will not be compelled to pay their water bills solely in United States dollars.In an interview with the Daily News, Harare City Counc...Published: 10 Jan 2019 at 08:16hrs | 732 | by Staff reporter
Full fuel audit required to explain demand
The extraordinarily sharp increase in fuel consumption between June and November last year we report on today and the mess witnessed with fuel queues cry out for detailed audits by the Reserve Bank of...Published: 10 Jan 2019 at 07:34hrs | 230 | by Staf reporter
Jonathan Moyo's lies on Masiyiwa exposed?
On Monday exiled Former G40 Kingpin Professor Jonathan Moyo wrote a scathing statement on Twitter seeking to expose how Telecoms Guru Strive Masiyiwa funded ZANU PF campaign during the bloody 200...Published: 09 Jan 2019 at 13:07hrs | 4584 | by Mandla Ndlovu
Zimbabwe's currency conundrum
ZIMBABWE'S ongoing currency crisis can be best described as a conundrum. Not only is it problematic, but it is also confusing and complex.On the one hand, you have an evident devaluation of lo...Published: 09 Jan 2019 at 11:34hrs | 1447 | by Staff reporter
Running a country is more than just mantras
AS I watch children going to school yesterday morning, I could not help, but be troubled by how few they were – an indication that a huge number of them will not be going due to unaffordable school ...Published: 09 Jan 2019 at 11:25hrs | 188 | by Tendai Ruben Mbofana
Zimbabwe doctors still on strike
THE crippling five-week strike by public hospital doctors is far from over after an undisclosed number of medical practitioners have elected to stay at home, arguing that government did not place conc...Published: 08 Jan 2019 at 09:38hrs | 2082 | by newzimbabwe.com
Miners want to import own fuel
ZIMBABWE Miners Federation (ZMF), the representative body of small-scale miners, says it is pushing for a licence to import fuel for onward distribution to its members to ensure continuity of producti...Published: 08 Jan 2019 at 09:33hrs | 590 | by Staff rpeorter
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 | 653 | by Staff reporter
Business slams Mthuli Ncube's forex committee
BUSINESS leaders say the setting up of a forex allocation committee by government will not solve the prevailing foreign currency crisis.Finance minister Mthuli Ncube last Friday set up a forex...Published: 07 Jan 2019 at 08:39hrs | 1689 | by Staff reporter
Botswana fuel deal awaits RBZ nod
BULAWAYO business people have engaged the Reserve Bank of Zimbabwe (RBZ) to secure a guarantee they will get foreign currency to pay for fuel supplies into the city by Botswana investors. Thro...Published: 07 Jan 2019 at 08:36hrs | 872 | by Staff reporter
Zimhbabwe fuel price shocker
Zimbabwe's petrol price, which currently stands at $1.38/litre for petrol, is the highest in the region contrary to claims by Energy and Power Development minister Joram Gumbo.Gumbo claimed in...Published: 06 Jan 2019 at 17:54hrs | 2594 | by Staff reporter
Valueless bond notes the source of Zimbabwe's problems, say analysts
GOVERNMENT'S promise to avail foreign currency to the country's largest beverages manufacturer, Delta Corporation, to avoid forex pricing is not sustainable, analysts have said.Delta last Wedn...Published: 06 Jan 2019 at 10:13hrs | 1239 | by Staff reporter
Delta debacle: Dialogue key
The debacle between Government and Delta Corporation over the latter's announcement that it intended to price its products in foreign currency, brings to the fore the dire need for a social contract b...Published: 06 Jan 2019 at 09:43hrs | 312 | by Africa Moyo
Delta beverages' prices unchanged
Errant retailers had hijacked the Delta Beverages' notice and increased prices of alcoholics and non-alcoholics two fold.The beverage corporation however said prices remain unchanged and retai...Published: 05 Jan 2019 at 17:22hrs | 2985 | by Staff reporter
8 in court for illegal forex dealing
Eight suspected money-changers yesterday appeared before the Harare Magistrates' Courts for illegally dealing in foreign currency.Nigel Mangozho, 32, and seven others were caught in the act by...Published: 05 Jan 2019 at 17:16hrs | 1846 | by Staff reporter
Coltart tears into Mthuli Ncube's committee
Veteran MDC leader David Coltart has dismissed the nine-member foreign currency allocation committee appointed by the Minister of Finance and Economic Development Prof Mthuli Ncube announced last nigh...Published: 05 Jan 2019 at 09:21hrs | 10102 | by Mandla Ndlovu
Zimbabwe's New Currency: If your Government is honest here is the Solution
Let me sell you a million dollar worth of game for a dollar ninety-nine, The economic data released by the government at the end of the fourth quarter shows we aren't deep in the quagmire as we think ...Published: 05 Jan 2019 at 08:34hrs | 3717 | by Simplisio Mudzingwa Muvunde
BCC technically insolvent
BULAWAYO City Council (BCC) is technically insolvent, with town clerk Christopher Dube attributing the situation to the country's unforgiving harsh economic climate.This comes after Bulawayo m...Published: 04 Jan 2019 at 09:22hrs | 725 | by Staff reporter
Consumers appeal for protection against wave of pricing in forex
THE Consumer Council of Zimbabwe (CCZ) has appealed for urgent Government intervention in protecting consumers against the tide of foreign currency pricing of goods and services at a time when a major...Published: 04 Jan 2019 at 09:15hrs | 367 | by Staff reporter
Chiwenga power: Delta reverses forex decision
Delta Corporation has reversed a decision to sell its products in foreign currency after the Reserve Bank of Zimbabwe (RBZ) yesterday assured the beverage manufacturer it would provide the forex requi...Published: 04 Jan 2019 at 09:12hrs | 1267 | by Staff reporter
Mnangagwa's Minister to meet Delta over US dollar prices
DELTA Corporation yesterday said it would start selling all its products in foreign currency with effect from tomorrow, a decision described by the Government as unacceptable and illegal. Anal...Published: 03 Jan 2019 at 09:11hrs | 1924 | by Staff reporter
Zimbabwe beer, soft drinks to sell in US$
THE country's leading beverages manufacturer, Delta Beverages, yesterday announced a new pricing system pegged in United States dollars to keep itself afloat in the face of foreign currency shortages....Published: 03 Jan 2019 at 09:08hrs | 491 | by Staff reporter
It's time to just re-dollarise the Zimbabwe economy
THE recent announcement by one of country's stock market leaders, Delta Beverages, that it will be selling its products in United States dollars starting tomorrow should be a wake-up call to governmen...Published: 03 Jan 2019 at 09:08hrs | 981 | by Editorial - newsday
Zimbabwe to brace up for tough times ahead as the economy continue to scream
No sign of economic revival has been noticed since this new republic took over. It is just a fallacy. It is now 13 months since President Emmerson Dambudzo Mnangagwa grabbed power from nonagen...Published: 03 Jan 2019 at 09:05hrs | 1057 | by Leonard Koni
Fuel supply situation to normalise soon, says Gumbo
Government has assured the public that fuel supplies will soon normalise as queues significantly shortened or were totally absent at service stations across the country in recent days. Most se...Published: 03 Jan 2019 at 08:04hrs | 1267 | by STaff Reporter
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