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Cattle destocking frenzy in motion
A cattle destocking frenzy is in motion with a number of abattoirs getting an overwhelming supply of cattle, resulting in some suspending slaughtering as farmers have started laying off stock in...Published: 24 Mar 2024 at 14:58hrs | 1044 | by Staff reporter
Zimplats shields US$1,8 billion expansion plan
PLATINUM giant Zimplats says the current cost-cutting initiatives aim to lessen the effect of budget cuts on its growth strategy, which includes a US$1,8 billion expansion programme.The compan...Published: 21 Mar 2024 at 08:46hrs | 349 | by Staff reporter
Shambolic start for Harare minions
CAPS United coach Lloyd Chitembwe was left to rue missed opportunities in his team's defeat to Chicken Inn, as the Castle Lager Premier Soccer League season got off to a disappointing start for all th...Published: 12 Mar 2024 at 05:11hrs | 113 | by Staff reporter
'Zimbabwe inflation rate at 747%'
ZIMBABWE'S annual inflation could be over 20 times higher than the official rate of 34,8%, an independent advisory estimated this week, as it gave glimpses into fundamentals behind deeper turbulence c...Published: 16 Feb 2024 at 15:22hrs | 215 | by Staff reporter
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 575 | by Staff reporter
Withdraw Zimdollar from circulation
GOOD day, President Emmerson Mnangagwa. Your Excellency, it is my conviction that the Zimdollar, all things considered, is a swine. It is the epitome of voodoo economics, based on implausible assumpti...Published: 14 Feb 2024 at 19:25hrs | 759 | by Cyprian Muketiwa Ndawana
How is the world combating rising energy prices?
Every country is approaching higher than typical energy prices we’re all facing right now in different ways. Rather than compare one country with another and create a piece that can be out of date t...Published: 07 Feb 2024 at 12:42hrs | 193 | by Staff Reporter
Foreign investors ditch Zimbabwe capital markets
FOREIGN investors continue to lower their interest on the local capital markets, with investor participation on annual value traded averaging 3%, due to policy inconsistency and inflation, leading res...Published: 30 Jan 2024 at 07:47hrs | 248 | by Staff reporter
Chamisa ends weeks of speculation
ZIMBABWE'S main opposition leader Nelson Chamisa yesterday finally abandoned the Citizens Coalition for Change (CCC) saying the party had been hijacked by Zanu-PF. Chamisa formed the CCC in 2022 after...Published: 26 Jan 2024 at 04:45hrs | 826 | by Staff reporter
Chamisa's strategic ambiguity made CCC vulnerable to political autoimmunity
THE term "autoimmune disease" refers to a condition whereby the body attacks normal cells by mistake because its natural defence system is unable to distinguish between foreign and body cells....Published: 22 Jan 2024 at 12:45hrs | 751 | by Tapiwa Gomo
The Embarrassment of Chamisa's 'Democratic Alternative of Zimbabwe'
The Embarrassment of Chamisa's 'Democratic Alternative of Zimbabwe': A Lesson in Failed RebrandingRecent events have once again highlighted the internal struggles and confusion within Zimbabwe...Published: 19 Jan 2024 at 13:22hrs | 1035 | by Dereck Goto
Chamisa gives up on CCC name?
CITIZENS Coalition for Change (CCC) leader, Nelson Chamisa, "plans" to adopt a new party name amid indications that he is losing grip on the opposition movement.Chamisa's CCC was thrown into c...Published: 18 Jan 2024 at 17:51hrs | 2757 | by Staff reporter
Chamisa's survival depends on his rivals
As the New Year inches closer, it has become apparent that opposition Citizens' Coalition for Change (CCC) leader Nelson Chamisa's political survival will depend on his ability to work with a team of ...Published: 31 Dec 2023 at 14:19hrs | 2817 | by Staff reporter
How a Zimbabwean business coach went from artisinal miner to CEO
"I am always busy from Monday to Friday working for the Youth Miners Foundation, and on other days I will be at my own gold mine…" Payne Farai Kupfuwa, the 36-year-old CEO of the Young Miners Founda...Published: 31 Dec 2023 at 08:57hrs | 540 | by Staff reporter
'Zimbabwe economic data questionable'
A team of technical experts from the International Monetary Fund (IMF) this week called into question the authenticity of economic data compiled by the Zimbabwe National Statistics Agency (Zimstat), r...Published: 22 Dec 2023 at 18:14hrs | 133 | by Staff reporter
Chamisa has made a lot of mistakes because he is trying
IN the aftermath of local political activist Sengezo Tshabangu's recalls tsunami and by-elections that have shaken the main opposition CCC to the core and disrupted it badly, party leader Nelson Chami...Published: 16 Dec 2023 at 18:58hrs | 1326 | by Dumisani Muleya
Zimdollar worse off since 2022
THE local currency, the Zimbabwean dollar, has continued to depreciate against the United States dollar on an unrestrained trajectory, despite various measures implemented by the Reserve Bank of Zimba...Published: 03 Dec 2023 at 19:20hrs | 377 | by Tinashe Duma
Zimbabwe MPs urged to reject Mthuli Ncube's budget
ECONOMISTS have urged Finance minister Mthuli Ncube to redo the 2024 budget as the one he presented this week only serves to condemn the rest of the population to abject poverty.Ncube presente...Published: 02 Dec 2023 at 05:43hrs | 375 | by Staff reporter
'Zimdollar here to stay'
GOVERNMENT says it will announce a clear and transparent roadmap towards de-dollarisation to avoid shocks that may hurt the economy and drive citizens deeper into poverty.The country was due t...Published: 17 Nov 2023 at 05:06hrs | 577 | by Staff reporter
'Zimbabwe's hastened currency shift won't end lending crisis'
Economists suggest that the recent issuance of a Statutory Instrument (SI) extending the use of multiple currencies in Zimbabwe until 2030 may have revealed the extent of President Emmerson Mnangagwa'...Published: 03 Nov 2023 at 14:55hrs | 385 | by Staff reporter
Old Mutual announces 2nd financial literacy kids Bootcamp
Old Mutual Zimbabwe has announced that it will be running the 2nd edition of the highly anticipated Kids Financial Education Bootcamp dubbed $mart Money Kids for a Brighter Tomorrow.This immer...Published: 12 Oct 2023 at 21:38hrs | 136 | by Paul Ndou
Zimbabwe family basket shoots to ZWL$2,6m
The Consumer Council of Zimbabwe (CCZ) has reported that the family basket's cost has risen to ZWL$2.6 million due to escalating prices of essential goods, posing a crisis for numerous households acro...Published: 10 Oct 2023 at 06:02hrs | 423 | by Staff reporter
SADC must reform
The countries under the auspices of SADC risk being rocked with stolen elections, political instabilities, poor governance and corruption if SADC the regional bloc remains tight lipped on such fundame...Published: 27 Sep 2023 at 19:42hrs | 823 | by Leonard Koni
Zimbabwe's post-election government appointments are a circus of madness!
So, the elections are over in Zimbabwe!In as much as their conduct and outcome is still hotly disputed by the opposition - a justifiable and legitimate cause, considering how the election was ...Published: 22 Sep 2023 at 16:09hrs | 1171 | by Tendai Ruben Mbofana
Mnangagwa's son express his disbelief at his Cabinet appointment
David Mnangagwa, who has been appointed as the Deputy Minister of Finance and Investment Promotion, expressed his disbelief at his appointment, considering it a significant responsibility. He will be ...Published: 13 Sep 2023 at 19:03hrs | 2133 | by Staff reporter
Highlanders versus Dynamos: The anatomy of violence
Once again — and not for the last time — a Highlanders versus Dynamos football match ended in violence with the usual accusations and counter accusations of referee bias and oppression being the o...Published: 10 Sep 2023 at 21:33hrs | 970 | by Nqaba Matshazi
'CCC to dump Zimdollar'
NELSON Chamisa's Citizens Coalition for Change (CCC) says it will promptly, albeit temporarily, dump the Zimbabwe dollar for the United States dollar if elected as the new government.Speaking ...Published: 22 Aug 2023 at 06:27hrs | 23 | by Stafff reporter
Chamisa vows not to victimise Mnangagwa
If the confidence shown by the two main rivals in Zimbabwe's general elections is any indication, the country will see a very tight race this week.And if the energy shown by their supporters i...Published: 21 Aug 2023 at 21:12hrs | 26 | by Staff reporter
A vote not cast, is a future lost
SOME citizens think that voting is a waste of time. Many a time, these people don't think that their circumstances can be changed by voting because of the assumption that associates politics with dirt...Published: 18 Aug 2023 at 06:58hrs | 12 | by Nicholas Aribino and Cyprian Muchemwa
Zimbabwe govt increases tax-free threshold
GOVERNMENT has increased the tax-free threshold to $500 000 from $91 000 with effect from August 1 to boost Zimbabweans' disposable incomes who earn in local currency in the face of a rising cost of l...Published: 10 Aug 2023 at 06:43hrs | 162 | by Staff reporter
Mthuli Ncube abandons TNF
FINANCE minister Mthuli Ncube, who is currently seized with political campaigns for the Cowdray Park parliamentary seat, has left workers seething with anger after he snubbed the crucial latest round ...Published: 27 Jul 2023 at 20:31hrs | 10 | by Staff reporter
Zimdollar recovery diminishes telecommunications services providers' tariff hikes prospects
THE steady recovery of the ZW$ in recent weeks almost diminishes recent calls by mobile telecommunications services providers, making it difficult to ascertain where exactly to place the peg.T...Published: 20 Jul 2023 at 06:49hrs | 2 | by Staff reporter
Zanu-PF is an indomitable machine, says Mahiya
Zanu-PF is indomitable and will not be defeated in the upcoming general elections because of the revolutionary fundamentals that continue to drive and cause Zimbabweans to maintain that victory from 1...Published: 14 Jul 2023 at 07:43hrs | 12 | by Staff reporter
Consider paying Zimbabwe civil servants in gold coins'
Government has been urged to explore the feasibility of paying a portion of civil servants' salaries in gold-backed digital tokens and gold coins.The tokens have proven to be effective in mopp...Published: 12 Jul 2023 at 08:15hrs | 5 | by Staff reporter
Government says NO to payment of bills in forex
THE directive late last week by the Government that all local councils must continue charging in local currency as opposed to United States dollars as had just been announced by the Harare City Counci...Published: 03 Jul 2023 at 07:08hrs | 19 | by Staff rporter
'US dollar appetite cannot be satisfied in Zimbabwe'
WHILE Zimbabwe has enough foreign currency, the country's major challenge is not money supply but liquidity because a small percentage of the population has foreign currency while the generality of ci...Published: 20 Jun 2023 at 06:49hrs | 4 | by Staff reporter
Will Zanu-PF reform under sanctions?
The US targeted sanctions on Zimbabwe are working in the sense that their effects have now reached a boiling point unlike the earlier days during the time they were imposed on the country the signs an...Published: 14 Jun 2023 at 13:42hrs | 12 | by Leonard Koni
Mthuli Ncube out of touch with reality
The Finance Minister Muthuli Ncube has forgetten what he was really appointed for and needs somemone to spell out his duties.The Finance Minister is now behaving more like a politician than a ...Published: 30 May 2023 at 09:36hrs | 2 | by Leonard Koni
Mthuli's theatrics expose government lack of seriousness in addressing Zim economic crisis!
So, finance minister Mthuli Ncube, over the weekend, went around shops in Bulawayo, like a crazed vigilante, tearing down tags displaying prices strictly in US dollars!He even berated a haples...Published: 29 May 2023 at 23:02hrs | 9 | by Tendai Ruben Mbofana
Zimdollar not going anywhere
THE Treasury has assured the market of continued usage of the local currency and that deliberate steps are being taken to strengthen its value so as to restore consumer purchasing power and buttress t...Published: 29 May 2023 at 06:32hrs | 2 | by Staff reporter
Mthuli Ncube weaponising foreign trade to fight local firms
ZIMBABWE'S rulers think that it is within their rights to destroy their economy and turn to neighbours for stop gap solutions.This weird belief was passed from the late strongman, Robert Mugab...Published: 20 May 2023 at 19:58hrs | 9 | by Staff reporter
Mnangagwa to engage creditors on Zimbabwe debt
PRESIDENT Mnangagwa is set to travel to the United Arab Republic of Egypt, where he has been invited by his counterpart, President Abdel Fattah El-Sisi, and will take advantage of the Africa Developme...Published: 14 May 2023 at 11:32hrs | 1 | by Staff reportetr
Are investors in African equities poised for wins amidst global turmoil?
It has been a tumultuous first quarter of 2023, and African equities have not been spared.Global markets started the year on a very positive note, with the S&P 500 up 9.0% at its peak in e...Published: 12 May 2023 at 11:17hrs | 21 | by Rami Hajjar, portfolio manager of the Allan Gray Africa ex-SA Equity Fund
Zimbabwe govt lifts import restrictions on basics
GOVERNMENT has lifted all restrictions on the importation of basic commodities to boost market supplies and granted 100 percent retention of domestic foreign currency earnings, with a further fine-tun...Published: 12 May 2023 at 06:00hrs | 3 | by Staff reporter
Family crisis in the West
I KNOW this is sensitive ground and most people avoid commenting on, but I think it is too important to the world and our own families and society to just brush it aside as another feature of a ...Published: 03 May 2023 at 06:07hrs | 1 | by Eddie Cross
Zimbabwe's manufacturing capacity to hit 70% this year?
Capacity utilisation in the manufacturing sector is forecast to reach 70 percent this year, with production continuing to increase with more investment flowing into factories, according to the latest ...Published: 07 Apr 2023 at 09:10hrs | 2 | by Staff reporter
Storm over Mnangagwa texts to voters
THE Zimbabwe Electoral Commission (Zec) has come under fire for allegedly leaking voters' mobile numbers to the ruling Zanu-PF party, which is now using the numbers to solicit for votes using short me...Published: 04 Apr 2023 at 06:34hrs | 2 | by Staff reporter
Zimbabwe manufacturing sector on rebound
The Reserve Bank of Zimbabwe (RBZ) says the country's manufacturing sector is on a massive expansion push after consuming roughly 70% of all foreign currency injected into the economy last year....Published: 02 Apr 2023 at 11:02hrs | | by Staff reporter
Reserve Bank of Zimbabwe slashes policy rate
THE Reserve Bank of Zimbabwe (RBZ) yesterday slashed its policy rate further to 140%. The policy rate had been pegged at 150% at the beginning of the year, from 200% before.Analysts said the m...Published: 31 Mar 2023 at 17:55hrs | 1 | by Staff reporter
Zimbabwe forex inflows breach US$1,78 billion mark
ZIMBABWE has received US$1,78 billion in foreign currency receipts in the first three months of this year, 31% up from the same time last year, central bank governor John Mangudya has said.Dur...Published: 31 Mar 2023 at 07:46hrs | | by Staff reporter
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