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CCC MPs strongly reject 'betting, pizza budget'
Opposition legislators have strongly rejected Finance, Economic Development, and Investment Promotion Minister Mthuli Ncube's 2025 national budget, criticizing it for failing to address the country's ...Published: 29 Nov 2024 at 07:13hrs | 456 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 253 | by Staff reporter
Calls for US$ salaries grow louder in Zimbabwe
The Zimbabwe Congress of Trade Unions (ZCTU) has once again called for workers to be paid in United States dollars until the government stabilizes the country's economic fundamentals, arguing that thi...Published: 19 Oct 2024 at 12:11hrs | 201 | by Staff reporter
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1703 | by Staff reporter
Mr. President, you'll never fix the economy when you behave like a witchdoctor!
When I was listening to President Emmerson Dambudzo Mnangagwa delivering his State of the Nation Address (SONA) yesterday, I hoped he would finally provide solutions to the country's economic crisis....Published: 03 Oct 2024 at 10:45hrs | 793 | by Tendai Ruben Mbofana
Zimbabweans outraged after RBZ devalues ZiG
A storm of outrage has swept across Zimbabwe following the Reserve Bank of Zimbabwe's (RBZ) shocking decision to devalue the Zimbabwe Gold (ZiG) currency by 75%. The drastic measure has ignited a wave...Published: 28 Sep 2024 at 13:27hrs | 6778 | by Staff reporter
Zimra goes after businesses rejecting ZiG
The Zimbabwe Revenue Authority (ZIMRA) has launched a sweeping operation targeting businesses that are evading taxes and undermining the Zimbabwean currency (ZiG or ZWG) by rejecting the local currenc...Published: 27 Sep 2024 at 12:29hrs | 1395 | by Staff reporter
Zimra launches crackdown on economic saboteurs
The Zimbabwe Revenue Authority (ZIMRA) has launched a nationwide blitz targeting businesses that evade taxes and undermine the local currency, the Zimbabwe Gold (ZiG), by either rejecting it or falsel...Published: 27 Sep 2024 at 08:16hrs | 144 | by Staff reporter
ZSE outshines VFEX in wealth creation
The Zimbabwe Stock Exchange (ZSE) has emerged as the preferred investment destination for those seeking wealth creation, surpassing the foreign currency-denominated Victoria Falls Stock Exchange (VFEX...Published: 26 Sep 2024 at 13:37hrs | 62 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9582 | by Staff reporter
Zimbabwe must copy China's Common Prosperity development model
ZIMBABWE has always regarded China as a friend and there is a need for the southern African investment-starved nation to copy the Asian giant country's common prosperity development model, which has s...Published: 17 Aug 2024 at 12:46hrs | 105 | by Silas Nkala
Zimbabwe economy on the upswing, rating agency says
ICRA Rating, a UAE-based credit rating agency, has lauded Zimbabwe's economy for demonstrating impressive resilience and growth. The agency attributes this positive outlook to recent government initia...Published: 12 Jul 2024 at 09:15hrs | 43 | by Staff reporter
13 year-old football star in the making
FILABUSI B Primary School pupil, Thabo Omuhle Sibanda (13) was the only soccer player from his school to make it into the Insiza District team for the provincial championships to be held at Mzingwane ...Published: 11 Jul 2024 at 07:24hrs | 2 | by Staff reporter
John II's mission impossible to save Zimbabwe economy clocks 100 days
Zimbabwe's new central bank Governor John Mushayavanhu has done the seemingly impossible in his first 100 days - created a stable currency and tamed price pressures in a nation that's been a poster-ch...Published: 08 Jul 2024 at 11:06hrs | 6 | by Staff reporter
Zimbabwe economy could hamper Mnangagwa's Brics ambition
President Emmerson Mnangagwa has announced Zimbabwe's readiness to join the BRICS grouping, claiming the country now has a stable currency and solid economic fundamentals. BRICS, comprising Brazil, Ru...Published: 02 Jul 2024 at 12:49hrs | 12 | by Staff reporter
Zimbabwe to seek global recognition for ZiG
The Reserve Bank of Zimbabwe (RBZ) is committed to ensuring the long-term sustainability of the Zimbabwe Gold (ZiG) as a viable currency and aims to establish the local currency as a globally rec...Published: 24 Jun 2024 at 06:22hrs | 1 | by Staff reporter
Zulu Lithium successfully commissioned without Mnangagwa
Premier African Minerals Limited has successfully commissioned the Zulu Lithium Mine in Insiza District, Matabeleland South Province, producing 350 tonnes of spodumene concentrate in recent weeks....Published: 02 Jun 2024 at 09:06hrs | 7 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 12 | by Staff reporter
RBZ is the problem not ZiG!
Before going to press on the Zimbabwe currency crisis, I had seven questions I wanted authoritatively answered. Professor Gift Mugano was the answer."Isn't he the one who is supposed to disapp...Published: 16 Apr 2024 at 17:58hrs | 2 | by Kenneth Mufuka
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
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 | 17 | 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 | | 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 | | 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 | 2 | 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 | | 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 | 1 | 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 | 16 | 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 | 2 | 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 | | 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 | | 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 | 13 | 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 | 11 | 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 | 8 | 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 | 13 | 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 | 10 | 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 | | 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 | 10 | 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 | 10 | 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 | 5 | 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 | 8 | 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 | 1 | 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 | 7 | 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 | | 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 | 1 | 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 | 1 | 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 | 11 | 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 | 1 | 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 | 8 | 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 | 1 | 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 | 25 | by Staff reporter
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