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Pick n Pay writes off entire Zimbabwe investment
South African retail giant Pick n Pay Group Limited has reported an unrecognised loss of R51 million from its Zimbabwean associate, TM Supermarkets, for the 53 weeks ending March 2, 2025 - marking a d...Published: 19 hrs ago | 5700 | by Staff reporter
Zimbabwe govt suppliers plot Treasury showdown at funeral parlour
In an extraordinary show of desperation, Zimbabwean government contractors used the funeral wake of one of their own last Thursday to plot emergency engagements with Treasury officials, warning that u...Published: 19 hrs ago | 433 | by Staff reporter
Steward Bank records 18% surge in US dollar deposits
Steward Bank has reported an 18% year-on-year increase in US dollar deposits, along with a boost in profitability, in a development seen as a strong vote of confidence in the bank's evolving strategy ...Published: 19 hrs ago | 67 | by Staff reporter
Zimbabwe's pension crisis: Full compensation for 2008 losses may take 100 years
Zimbabwe's pension funds have sounded the alarm over their inability to compensate retirees who lost their life savings during the 2008 economic collapse, warning that, at current fund levels, full re...Published: 19 hrs ago | 179 | by Staff reporter
Zimbabwe's inflation rate shows signs of easing
Zimbabwe's weighted and US dollar monthly inflation rates eased in May 2025, with the weighted inflation dropping by 0.3 percentage points to reach 0 percent, indicating progress towards greater econo...Published: 29 May 2025 at 10:30hrs | 191 | by Staff reporter
Zimbabwe's weighted inflation rate hits 0% in May
Zimbabwe's monthly weighted average inflation rate fell to 0 percent in May 2025, marking a significant step toward economic stability and price predictability across both local and foreign currency m...Published: 29 May 2025 at 10:12hrs | 102 | by Staff reporter
Zimbabwe turns to sugar, fast foods, and booze for revenue
Zimbabwe's Treasury is relying heavily on taxes imposed on sugar, fast food, and alcoholic beverages to recoup hundreds of millions of dollars lost following sharp cuts in official development assista...Published: 28 May 2025 at 11:02hrs | 413 | by `
Afreximbank pegs Zimbabwe growth at 3,8%
The African Export–Import Bank (Afreximbank) has downgraded Zimbabwe's economic growth forecast for 2025 to 3.8%, considerably lower than the optimistic 6% growth target set by the government and Br...Published: 26 May 2025 at 08:32hrs | 189 | by Staff reporter
Zimbabwe mining sector job carnage only a tip of the iceberg
Zimbabwe's mining sector recorded a staggering loss of 1,216 jobs in 2024 - a 314% increase from the previous year - according to a recent report by the Chamber of Mines of Zim...Published: 26 May 2025 at 08:20hrs | 135 | by Staff reporter
Teachers petition Rights Commission over labour injustices
The Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) has filed a formal complaint with the Zimbabwe Human Rights Commission (ZHRC), accusing the government of systematically violating the rights o...Published: 26 May 2025 at 07:55hrs | 16 | by Staff reporter
Treasury launches last-ditch push to stabilise Zimbabwe economy
Zimbabwe's Treasury has embarked on a last-ditch effort to stabilise the country's fragile economy, amid growing fears that policy inconsistency, inflation, and currency volatility could derail indust...Published: 22 May 2025 at 11:33hrs | 605 | by Staff reporter
Econet to hike bundle prices on Wednesday
Leading telecommunications provider Econet Wireless Zimbabwe has announced a scheduled revision of its Voice, Data and SMS bundle prices, set to take effect on Wednesday, 21 May 2025.In a publ...Published: 20 May 2025 at 09:51hrs | 317 | by Staff reporter
UZ to replace striking lecturers
The University of Zimbabwe (UZ) is moving to hire external experts to replace striking lecturers in a desperate bid to restore normalcy after a two-month-long industrial action that has crippled acade...Published: 19 May 2025 at 14:33hrs | 2443 | by Staff reporter
US dollar weakness fuels surge in currency volatility
The dollar's descent is elevating the price of hedging currency trades around the world, breaking up a long-standing market conviction that costs tend to come down when the greenback weakens.T...Published: 19 May 2025 at 09:37hrs | 1460 | by Staff reporter
Zimbabwe needs a reset through an NTA to prepare for democratic transition
Zimbabwe is teetering on the brink. We are witnessing a nation sliding further into economic despair, political illegitimacy, and social disintegration. The alarm bells are ringing lou...Published: 18 May 2025 at 17:46hrs | 445 | by Tendai Ruben Mbofana
Delta highlights Zimbabwe's economic
Delta Corporation, Zimbabwe's leading brewer and soft drinks manufacturer, has painted a stark picture of the nation's economy, highlighting its persistent fragility despite signs of resilience in con...Published: 16 May 2025 at 15:03hrs | 659 | by Staff reporter
Delta tax burden could soar to US$329m
Beverage giant Delta Corporation Limited risks a staggering US$329 million tax liability for its financial year ended March 31, 2025, if it loses ongoing court appeals against additional tax assessmen...Published: 16 May 2025 at 10:32hrs | 428 | by Staff reporter
FBC blames tight policy for choking transaction volumes
Financial services giant FBC Bank has attributed a sharp decline in transaction volumes to the Reserve Bank of Zimbabwe's (RBZ) continued tight monetary policy, which it says has squeezed liquidity an...Published: 16 May 2025 at 09:50hrs | 71 | by Staff reporter
Zimbabweans escaping economic hardship trapped in the UK care visa crackdown
Zimbabwean professionals seeking a way out of their country's prolonged economic crisis are facing fresh hurdles as the UK government moves to permanently scrap care worker visas, a route many had use...Published: 16 May 2025 at 09:42hrs | 589 | by Staff reporter
Zimbabwe to get first dollar-listed REIT as property heats up
Zimbabwe is set to get its first dollar-denominated real estate investment trust listing on Friday, as demand for property stocks grows.Eagle REIT is seeking to raise $62 million from the list...Published: 15 May 2025 at 09:58hrs | 771 | by Staff reporter
Zimbabwe govt owes Zisco pensioners US$38 million
The Ministry of Finance, Economic Development and Investment Promotion is reportedly in arrears of US$38.7 million owed to former ZiscoSteel workers, according to a damning report by Parliament's Port...Published: 15 May 2025 at 09:17hrs | 203 | by Staff reporter
RBZ moves to boost ZiG use
The Reserve Bank of Zimbabwe (RBZ) has launched a bold initiative to boost the circulation of the Zimbabwean currency, ZiG, in a bid to address widespread currency shortages and reduce the country's d...Published: 14 May 2025 at 10:11hrs | 3818 | by Staff reporter
Mthuli Ncube hikes fuel levy
The Government of Zimbabwe has increased the Strategic Fuel Reserve Levy on petrol and diesel as part of a broader effort to safeguard national fuel supplies and price stability amid rising global mar...Published: 14 May 2025 at 08:33hrs | 1207 | by Staff reporter
21 mothers burned alive during Gukurahundi remembered
Human rights advocacy group Ibhetshu LikaZulu has issued an emotional tribute to 21 women who were burned alive in Emkhonyeni, Tsholotsho, on March 16, 1983, during the Gukurahundi genocide. The tribu...Published: 13 May 2025 at 16:30hrs | 790 | by Staff reporter
Former UK Mayor showers praises on Mnangagwa
Former Corby Town Mayor Tafadzwa Chikoto, a UK-based Zimbabwean national, has sparked debate after expressing strong support for President Emmerson Mnangagwa and the ruling Zanu-PF government, describ...Published: 12 May 2025 at 08:45hrs | 716 | by Staff reporter
John Pocock and Company celebrate 70 years of service in Bulawayo
From humble beginnings in a single-room office to becoming one of Bulawayo's most trusted names in real estate, John Pocock and Company is celebrating a remarkable 70-year milestone in 2025 - a testam...Published: 09 May 2025 at 11:01hrs | 215 | by Staff reporter
Zimbabwe ZWG yearly inflation hits 85%
The Confederation of Zimbabwe Industries (CZI) has raised alarm over the country's ZWG inflationary trends, which it says are not aligning with current market interventions, suggesting that Zimbabwe i...Published: 08 May 2025 at 09:57hrs | 300 | by Staff reporter
Zondo comes out of retirement to talks about Zuma
Clebrity judge and former Chief Justice who failed JSC interviews Raymond Zondo has publicly questioned the legality and integrity of former President Jacob Zuma's release from prison on medical parol...Published: 07 May 2025 at 14:32hrs | 1357 | by Staff reporter
Who Owns the Future When the Youth Are Just Campaign Props?
Every election season in Zimbabwe brings with it a familiar theatre: politicians parading youth like trophies, cladding them in party regalia, praising their energy, and promising them a future that n...Published: 05 May 2025 at 23:21hrs | 172 | by Kumbirai Thierry Nhamo
'Zimbabwe govt must protect citizens from corruption'
Zimbabwe Congress of Trade Unions (ZCTU) vice-president Valentine Chikosi has called on the government to urgently act against rampant corruption, warning that unchecked graft is inflicting severe har...Published: 05 May 2025 at 15:45hrs | 56 | by Staff reporter
RBZ's market-determined exchange rate spurs ZiG stability
The Reserve Bank of Zimbabwe (RBZ)'s adoption of a market-determined exchange rate system has ushered in a new era of stability and confidence in the Zimbabwe Gold (ZiG) currency, with the recent remo...Published: 04 May 2025 at 09:15hrs | 809 | by Staff reporter
Chamisa slams 'working poverty'
Opposition leader Nelson Chamisa has strongly condemned the "slavery-like" conditions faced by Zimbabwean workers, vowing to prioritise worker welfare and restore dignity to the country's labour force...Published: 02 May 2025 at 08:06hrs | 579 | by Staff reporter
CBZ hails Zimbabwe's less volatile economy
CBZ Holdings Limited has praised Zimbabwe's improving economic environment and easing inflationary pressures, which have played a key role in the financial institution achieving a profit of ZWG537.5 m...Published: 30 Apr 2025 at 07:15hrs | 164 | by Staff reporter
Stay aways won't work in Zimbabwe
At the end of March 2025, Zimbabwe's urban areas were eerily quiet as citizens stayed away from their workplaces, businesses, and other activities in what was expected to be a nationwide protest. Howe...Published: 28 Apr 2025 at 12:43hrs | 6283 | by Staff reporter
Geza stay away takes the shine off from trade fair?
The curtain came down yesterday on the 2024 edition of the Zimbabwe International Trade Fair (ZITF) in Bulawayo, with mixed reactions as concerns were raised over the low turnout of both exhibitors an...Published: 28 Apr 2025 at 12:40hrs | 471 | by Staff reporter
ZiG monthly inflation rate up by 0,7%
Zimbabwe's new currency, Zimbabwe Gold (ZWG), recorded a slight inflation decline of 0.7% in April 2025, while the United States dollar (USD) also saw a modest depreciation of 0.2%, according to the Z...Published: 26 Apr 2025 at 10:44hrs | 525 | by Staff reporter
Poor remuneration of academic staff at state universities a national crisis
THE poor remuneration and deplorable conditions of service for academic staff at Zimbabwe's state universities, which has led to the highly publicised indefinite strike by the teaching staff at the Un...Published: 26 Apr 2025 at 10:14hrs | 739 | by Prof Jonathan Moyo
What Is Independence Without Freedom? - UFP
Fellow Zimbabweans, our nation marks 45 years of independence, a moment that should be cause for pride, joy and celebration. But I come before you not by ...Published: 22 Apr 2025 at 13:49hrs | 728 | by UFP
Fresh US$100m gold scandal rocks treasury as top Zanu-PF ally implicated
A major financial scandal has erupted at Zimbabwe's Finance Ministry, exposing what appears to be a fraudulent US$100 million payout to a shadowy company linked to a top Zanu-PF gold dealer, Pedzisayi...Published: 22 Apr 2025 at 08:29hrs | 6502 | by Staff reporter
Crossing Beitbridge border post a lifeline for many Zimbabweans
Zimbabwe's economic problems continue to force thousands of citizens to seek relief in neighbouring SA.With inflation, high unemployment, and skyrocketing prices for basic foods, survival has ...Published: 22 Apr 2025 at 07:44hrs | 251 | by Staff reporter
Is Zimbabwe wooing Donald Trump by paying white farmers and ending tariffs?
Long-frozen relations between the United States and Zimbabwe may be thawing after the Southern African nation slashed all taxes on US goods flowing into the country and announced it has begun to pay c...Published: 18 Apr 2025 at 15:19hrs | 750 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11459 | by Staff reporter
Zimbabwe to get share of US$300m Afreximbank dividend
The Zimbabwean government is set to receive a significant payout from Afreximbank's recently declared US$300 million dividend, following the bank's exceptional financial performance in the year ending...Published: 16 Apr 2025 at 23:22hrs | 145 | by Staff reporter
University Zimbabwe lecturers arrested over salary protest
Three University of Zimbabwe (UZ) lecturers were arrested by police on Wednesday after staging a protest over poor remuneration at the university's campus in Harare.The lecturers, who are part...Published: 16 Apr 2025 at 22:47hrs | 116 | by Staff reporter
Zimbabwe's ZiG currency risks extinction stoked by policy choices
Zimbabwe's ZiG is heading toward failure, not through rapid devaluation, but through growing irrelevance, according to Imara Asset Management, the country's oldest independent brokerage.Unlike...Published: 16 Apr 2025 at 22:45hrs | 85 | by Staff reporter
'RBZ walks the talk on ZiG'
Zimbabwe's efforts to stabilise its currency and foster price stability are showing significant progress, with foreign currency reserves backing the Zimbabwe Gold (ZiG) surpassing US$600 million, sign...Published: 14 Apr 2025 at 09:20hrs | 3712 | by Staff reporter
Zimbabwe's foreign currency reserves surge as ZiG gains stability
Zimbabwe's efforts to stabilise its local currency, the Zimbabwe Gold (ZiG), have begun yielding tangible results, with the country's foreign currency reserves exceeding US$600 million, the Reserve Ba...Published: 13 Apr 2025 at 12:23hrs | 10304 | by Staff reporter
Banks smile all the way to the bank, while depositors bear cost of high fees
Shareholders in Zimbabwe's banking sector are enjoying robust returns on their investments, as banks continue to post strong profits and declare sizeable dividends. However, concerns are mounting amon...Published: 13 Apr 2025 at 09:46hrs | 635 | by Staff reporter
SA election supply firm paid Chivayo R800 million
Zimbabwe's Ministry of Finance paid more than R1.1 billion to a South African company contracted to supply materials for the country's 2023 general elections - and over R800 million of tha...Published: 07 Apr 2025 at 20:40hrs | 1996 | by Staff reporter
US dollar suffocates the ZiG
A liquidity crunch in Zimbabwe is deepening the economy's embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago.The ZiG, short for...Published: 06 Apr 2025 at 11:38hrs | 3603 | by Staff reporter
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