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'Zimbabwe has no capacity for full dollarisation'
RESERVE Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, has urged Zimbabweans to embrace the local currency saying the country has no capacity to sustain a fully dollarised economy.While th...Published: 20 hrs ago | 127 | by Staff reporter
'Dump Zimdollar'
ECONOMIC analysts have said Finance minister Mthuli Ncube's new measures introduced on Monday have very little chance of saving the Zimbabwe dollar from collapse.They instead advised Ncube to ...Published: 01 Jun 2023 at 06:47hrs | 1040 | by Staff reporter
Mnangagwa in Malawi on State visit
PRESIDENT Mnangagwa arrived here yesterday for a three-day State visit at the invitation of his counterpart, President Lazarus Chakwera.He was welcomed at Kamuzu Banda International Airport by...Published: 01 Jun 2023 at 06:41hrs | 121 | by Staff reporter
Continued increase in diaspora remittances signal rising poverty in Zimbabwe
The marked rise in diaspora remittances into Zimbabwe actually does not signal economic growth - but, as a matter of fact, increased povertyYet, it is always baffles the mind whenever the Zimb...Published: 30 May 2023 at 22:36hrs | 334 | by Tendai Ruben Mbofana
President Ruto asks Africans to ditch the US Dollar
President William Ruto has asked African leaders to take first steps towards ditching the globally-bullish US dollar by signing up to a pan-African payments system to facilitate trade within the conti...Published: 30 May 2023 at 22:32hrs | 996 | by Erick Matotoba
Mthuli Ncube banks on new currency measures
Finance minister Mthuli Ncube on Monday announced new measures to encourage the use of the Zimbabwe dollar as opposed to the U.S. dollar, in a bid to boost the local unit and tame rising consumer infl...Published: 30 May 2023 at 15:10hrs | 1240 | by Staff reporter
Mthuli Ncube announces further measures to contain runaway inflation
FINANCE Minister Mthuli Ncube has announced a new series of measures to stabilise the economy amid hyperinflation fears.This comes barely two weeks after the Treasury boss scrapped duty on all...Published: 30 May 2023 at 06:53hrs | 1252 | by Staff reporter
Mnangagwa govt failure to curb graft stalling development
OPPOSITION United Movement for Devolution (UMD) leader Lovemore Moyo has accused government of failing to deal with corruption saying graft has hindered financing of development projects.Moyo ...Published: 30 May 2023 at 06:50hrs | 211 | by Staff reporter
'Mthuli Ncube's shop raids a publicity stunt'
ECONOMISTS have described Finance minister Mthuli Ncube's weekend raids on retail shops to check on pricing of basic commodities as a publicity stunt after failing to tame the country's runaway inflat...Published: 30 May 2023 at 06:48hrs | 423 | by Staff reporter
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 | 536 | by Tendai Ruben Mbofana
Zimbabwe govt departments warned for dumping Zimdollar
Finance and Economic Development secretary George Guvamatanga has warned government departments to desist from giving preference to clients paying for services in US dollars as opposed to local curren...Published: 29 May 2023 at 06:43hrs | 1816 | by Staff reporter
Jonathan Moyo issues a warning
EXILED former cabinet minister, Jonathan Moyo has warned that the recent threats by Finance minister Mthuli Ncube to crack down on businesses over price hikes will only worsen the already dire situati...Published: 29 May 2023 at 06:41hrs | 6987 | by Staff reporter
Mother, son in cement scam
A MOTHER and her son appeared before a Harare magistrate on Friday last week for allegedly conning people of more than US$300 000 and $40 million in cement deals.Tinashe Zimunya representing h...Published: 29 May 2023 at 06:34hrs | 483 | by Staff reporter
At what stage does a President concede failure?
IF I were the President of Zimbabwe - what would I be expected to do under the prevailing economic circumstances?The country goes for an average 20 hours each day without electricity, and most...Published: 29 May 2023 at 06:34hrs | 251 | 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 | 368 | by Staff reporter
Mthuli Ncube tours Bulawayo shops, chides business for hiking prices
Continued unjustified fluctuation of prices of goods in supermarkets will force people to import basic commodities from outside the country, Finance Minister Professor Mthuli Ncube has stated....Published: 28 May 2023 at 16:52hrs | 971 | by Staff reporter
At what stage does a president concede he has failed?
If I were the president of Zimbabwe - what would I be expected to do under these circumstances?The country goes for an average 20 hours each and every day without electricity, and most urban a...Published: 28 May 2023 at 16:02hrs | 236 | by Tendai Ruben Mbofana
Mnangagwa govt fails to rig price hikes
The Reserve Bank of Zimbabwe (RBZ) has frozen bank accounts of four major distributors of basic commodities as President Emmerson Mnangagwa's government scrambles to find solutions to soaring prices a...Published: 28 May 2023 at 08:09hrs | 164 | by Staff reporter
Zimbabwe toothpaste maker faces closure
The country's only toothpaste maker - Merken- is in danger of going out of business following the government's decision to allow the unfettered entry of the products it manufactures into the country, ...Published: 28 May 2023 at 08:07hrs | 272 | by Staff reporter
Persecution of Donald Trump!
If I were in President Emmerson Mnangagwa's situation, and the US I had an audience with the ambassador whereby the honourable ambassador would lecture me about free and fair elections, the rule of la...Published: 28 May 2023 at 08:06hrs | 113 | by Kenneth Mufuka
Mthuli Ncube confronts Osiphatheleni
THERE was drama around Tredgold Building, which houses the Bulawayo Magistrate Courts yesterday, as illegal money changers ran away at the sight of the Minister of Finance and Economic Development, Pr...Published: 28 May 2023 at 08:03hrs | 385 | by Staff reporter
Zimbabwe's FIU to probe businesses inflating prices for USD bank transfers
THE Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has said it will investigate unethical behaviour exhibited by various businesses after it emerged that they are forcing customers to pa...Published: 28 May 2023 at 08:00hrs | 56 | by Staff reporter
Mthuli Ncube threatens crackdown on businesses
THERE was drama around Tredgold Building that houses the Bulawayo Magistrates Courts yesterday, as illegal money changers ran away at the sight of the Minister of Finance and Economic Development, Pro...Published: 28 May 2023 at 07:59hrs | 68 | by Staff reporter
4 rogue firms' accounts frozen
BANK accounts belonging to four major basic commodity distributors have been frozen for suspected economic sabotage, while unscrupulous manufacturers and pharmaceutical companies also face the same co...Published: 28 May 2023 at 07:59hrs | 90 | by Staff reporter
Zimbabwe civil servants vow to escalate wage demands to Mnangagwa
Civil servants have threatened to escalate their wage demands to President Emmerson Mnangagwa if government officials under the Zimbabwean leader continuously fail to heed their calls.Under th...Published: 27 May 2023 at 09:07hrs | 595 | by Staff reporter
Bulawayo motorists threaten CBD parking boycott
BULAWAYO's business community and motorists say they will boycott parking in the central business district in protest over the new pricing system introduced by Tendy Three Investment (TTI) and the cit...Published: 26 May 2023 at 18:49hrs | 609 | by Staff reporter
Chamisa calls for single currency across Africa
CITIZENS Coalition for Change (CCC) leader Nelson Chamisa has called for the use of one currency across the continent in his message celebrating the 60th anniversary of Africa Day.Africa Day w...Published: 26 May 2023 at 16:32hrs | 1136 | by Staff reporter
Zimbabwe ranked as world's most miserable country
ZIMBABWE has been adjudged the most miserable country in the world on American economist Steve Hanke's 2022 Misery Index because of the high cost of living.Hanke, a professor of Applied Econom...Published: 25 May 2023 at 06:25hrs | 406 | by Staff reporter
Zimdollar in record crash
THE Zimbabwe dollar tumbled by nearly 26% on the official market on Tuesday, the biggest collapse in one day since the auction system was introduced three years ago, while a government inquiry accused...Published: 25 May 2023 at 06:24hrs | 743 | by Staff reporter
Zimbabwe's Africa Day: Celebrating a Continent We Have Failed
Every year on May 25, African countries commemorate Africa Day, a day that celebrates the unity and pride of Africa. African countries come together to remember the fight and struggles of their forefa...Published: 24 May 2023 at 21:02hrs | 194 | by Kumbirai Thierry Nhamo
Zimdollar rates race to 3,000
In a significant blow to Zimbabwe's economy, the country's dollar experienced a sharp decline of 26 percent during Tuesday's foreign-exchange auction, a Bloomberg report said. The official exchange ra...Published: 24 May 2023 at 17:12hrs | 350 | by Staff reporter
Zimbabwe has no leader - plain and simple!
Can anyone surely wake up in the morning, take a bath, don his suit, put on his scarf, and look himself in the mirror with a satisfied smile, calling himself a leader - when the country he leads goes ...Published: 24 May 2023 at 09:41hrs | 1665 | by Tendai Ruben Mbofana
Chamisa cries for a chance to 'fix this mess'
CITIZENS Coalition for Change (CCC) leader Nelson Chamisa has in his election campaign promised to fix economic problems currently bedevilling Zimbabwe, which has seen retail prices soaring and the lo...Published: 24 May 2023 at 06:11hrs | 1531 | by Staff reporter
Zimbabwean prisoners in SA want to be paroled and repatriated
A campaign has kicked off to repatriate thousands of Zimbabwean prisoners eligible for parole.A letter sent by attorneys representing the Zimbabwe Exemption Permit Holders Association (Zepha) ...Published: 23 May 2023 at 21:22hrs | 440 | by Ciara Ryan
'Mthuli Ncube sabotaging Mnangagwa re-election bid'
FORMER Tourism minister Walter Mzembi has blamed Mthuli Ncube for failing to tame spiralling prices of basic commodities, which are militating against President Emmerson Mnangagwa's re-election bid fo...Published: 23 May 2023 at 06:47hrs | 2371 | by Staff reporter
Biti challenges Mthuli Ncube to explain SI 127, blended inflation
HARARE East legislator Tendai Biti (CCC) has challenged Finance minister Mthuli Ncube to explain before Parliament how Statutory Instrument 127 and blended inflation work.SI 127 of 2021 amends...Published: 23 May 2023 at 06:42hrs | 650 | by Staff reporter
Are Zimbabwe retailers dumping goods on the streets?
Vendors in the country's major cities and towns have literally invaded all strategic points, including verandas of big retail shops, selling a variety of goods including basic commodities in foreign c...Published: 23 May 2023 at 06:41hrs | 632 | by Staff reporter
To see the saboteur, Mr President, look in the mirror
NewsdayHAVE we seriously gone back to blaming ghosts and shadows for the economy bottoming out?Are we going to be turning every stone, nook, and cranny looking for perceived "saboteurs...Published: 23 May 2023 at 06:40hrs | 1208 | by Staff reporter
Mnangagwa disappointed by some members of the business community
PRESIDENT Mnangagwa is disappointed by some members of the business community whose conduct continues to frustrate Government efforts to stabilise the economy and the current wave of price increases o...Published: 23 May 2023 at 06:36hrs | 228 | by Staff reporter
Forex speculators to face disciplinary action
THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against bus...Published: 23 May 2023 at 06:34hrs | 416 | by Staff reporter
Zimbabwe debt clearance tied to farmers' compensation and credible polls
THE African Development Bank has moved to fast-track Zimbabwe's $3.5 billion compensation to white farmers whose land was seized under former president Robert Mugabe's reforms. The bank is leading eff...Published: 22 May 2023 at 06:40hrs | 263 | by Zeenat Hansrod
Mnangagwa in panic mode
PRESIDENT Emmerson Mnangagwa has pressed the panic button over galloping prices of basic commodity as he accused retailers of plotting his defeat ahead of the August elections. Retailers last ...Published: 22 May 2023 at 06:40hrs | 5127 | by Staff reporter
Zimbabweans react with shock over exchange rate, price madness
CONSUMERS have reacted with shock to the extortionate and unrealistic exchange rates being applied in the pricing of basic goods in local currency by some unscrupulous retail players in Bulawayo and o...Published: 22 May 2023 at 06:35hrs | 838 | by Staff reporter
Robbers attack security guards, steal tobacco bales
TWENTY robbers attacked eight security guards with a pistol machetes, okapi knives and iron bars at Wilmode Farm in Mvurwi before stealing 63 tobacco bales last Friday.National police spokespe...Published: 22 May 2023 at 06:25hrs | 284 | by Staff reporter
Zimbabwe foundries require US$50m for retooling
The Zimbabwe Institute of Foundries (ZIF) says the sector requires about US$50 million for retooling of the existing foundries dotted around the country.Foundries are facilities that produce m...Published: 21 May 2023 at 08:11hrs | 94 | by Staff reporter
Zimbabwe govt takes price madness head-on
Government, whose responsibility is to protect the consumer and ensure stability, will "take all measures necessary", including painful ones if need be, to ensure price stability, the President has sa...Published: 21 May 2023 at 08:02hrs | 122 | by Staff reporter
'Zimbabwe economy has dollarised'
CROSS border traders yesterday say a move by government to lift an import ban on basic commodities will boost their business, but pointed out that they were not to stabilise the local currency....Published: 20 May 2023 at 19:58hrs | 679 | by Staff reporter
Anger mounts in Zimbabwe as prices rocket
ZIMBABWE'S currency further crashed this week, precipitating waves of basic commodity price hikes, which were slammed by consumer watchdogs.In a survey, the Zimbabwe Independent found that man...Published: 19 May 2023 at 20:42hrs | 452 | by Staff reporter
I'm grateful to have been born and bred in Rhodesia!
Ever since I started writing current affairs and social justice newspaper articles in 1989, at the age of 16 years, this is probably the most painful, frank and heartfelt piece I have ever authored....Published: 19 May 2023 at 14:04hrs | 1242 | by Tendai Ruben Mbofana
Mnangagwa's govt claims sabotage
GOVERNMENT has accused retailers of sabotaging the economy through speculative pricing and hiding goods from shop shelves.In a post-Cabinet Press briefing, Information and Broadcasting ministe...Published: 17 May 2023 at 21:23hrs | 670 | by Staff reporter
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