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Zanu-PF rivals call for dialogue
Opposition political parties have renewed their appeal for inclusive national dialogue in the wake of the worsening economic crisis, with Nelson Chamisa's MDC party warning of calamitous demonstration...Published: 22 May 2019 at 07:01hrs | 3295 | by Staff reporter
Fresh protests loom in Zimbabwe
Zimbabwe is now at risk of fresh protests after the cash-strapped government on Monday night unexpectedly announced that it had cancelled fuel subsidies for imports.Caught in a debilitating en...Published: 21 May 2019 at 18:10hrs | 4825 | by ANA
Seven things to consider when transacting in Africa
1. Accept the uncertainty and gather knowledgeInvestors in Africa must consider geo-political and economic uncertainty on the continent as well as a ple...Published: 21 May 2019 at 16:26hrs | 562 | by Morne van der Merwe, Managing Partner, and Wildu du Plessis, Head of Africa at global law firm Baker McKenzie in Johannesburg
Zimbabwe teachers' salaries, a mockery
Disgruntled rural teachers have advised government to stop reviewing their salaries in RTGS$ as this does not provide a solution to their economic challenges. It is believed teachers in the co...Published: 21 May 2019 at 07:26hrs | 5266 | by Staff reporter
RBZ scraps 1:1 rate for oil marketing firms
The Reserve Bank of Zimbabwe (RBZ) has directed banks to discontinue twinning arrangements for their customers, with a view to promote efficient functioning of interbank market and willing-buyer willi...Published: 21 May 2019 at 06:20hrs | 867 | by Staff reporter
Coffin prices skyrocket
THE prices of coffins has gone up by more than 100 percent in recent months forcing dozens whose relatives are dying without funeral covers to turn to small entrepreneurs whose prices are still afford...Published: 19 May 2019 at 09:08hrs | 524 | by Staff reporter
Critical sectors to be spared from power cuts
State power utility, Zesa, has ring fenced wheat farmers and key players in productive sectors such as coal miners to cushion them from power cuts to avoid crippling critical sectors of the economy....Published: 19 May 2019 at 09:03hrs | 197 | by Staff reporter
ZESA sue Minister for $414k – load shedding is collective punishment for untouchables' sins
The tragedy in Zimbabwe is that those who can least afford it have again and again been forced to subsidise the filthy rich. One prime example is Finance Minister, Mthuli Ncube's 2% tax on all electro...Published: 18 May 2019 at 20:25hrs | 3069 | by Patrick Guramatunhu
Zimbabwe economy is literary dead, Where is Mnangagwa?
The continued recycling of failed ministers is a clear sign that Zimbabwe Govt is buffeted by lack of cohesion, Zanu is buffeted by lack of incapacitation to deal with the current situation, it is buf...Published: 18 May 2019 at 18:28hrs | 5143 | by Tinashe Eric Muzamhindo
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 18 May 2019 at 18:23hrs | 432 | by Victor Bhoroma
Zesa pursues Mnangagwa ally over $414,000 electricity debt
The Zimbabwe Electricity Supply Authority (ZESA), which announced rolling power cuts early this week, is owed millions of dollars by top government officials.Reduced electricity production at ...Published: 18 May 2019 at 10:20hrs | 1358 | by ZimLive
RTGS$ is our domestic currency, says Mthuli Ncube
FINANCE minister Mthuli Ncube yesterday told Parliament that his midterm budget statement earmarked for July will be announced in RTGS dollars as opposed to United States dollars which was the currenc...Published: 17 May 2019 at 17:26hrs | 3413 | by Staff reporter
Mnangagwa govt's failures may trigger public anger
Over the past year, President Emmerson Mnangagwa and his government have totally ignored calls from Zimbabweans to change the corrupt and inefficient way in which government is run. Zimbabweans from a...Published: 17 May 2019 at 07:19hrs | 1304 | by Martin Tarusenga
SA sets tough terms on US$1.2bn Zimbabwe loan request
Zimbabwe's debt-ridden government is in a dilemma after South Africa asked her northern neighbour to securitise mineral proceeds in exchange for a US$1,2 billion (R17billion) bailout package, it...Published: 16 May 2019 at 07:21hrs | 3767 | by Staff reporter
How Mnangagwa's government is perpetuating fuel crisis
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase.Amid the outrage and riots which followed, one important detail went larg...Published: 15 May 2019 at 08:11hrs | 1642 | by newZWire
Mnangagwa's govt gears for winter of discontent
PRESSURE continues to mount on President Emmerson Mnangagwa as the country faces the prospect of crippling power cuts and looming work stoppages by doctors and teachers over poor salaries.Powe...Published: 14 May 2019 at 11:37hrs | 1854 | by Staff reporter
Pressure mounts on Mnangagwa
PRESSURE continues to mount on President Emmerson Mnangagwa as the country faces the prospect of crippling power cuts and looming work stoppages by doctors and teachers over poor salaries.Powe...Published: 14 May 2019 at 08:13hrs | 5173 | by Staff reporter
Zimbabwe to increase Mozambique power imports
ZIMBABWE will resume power imports after electricity generation plunged due to low water levels at Kariba dam.In March the Zambezi River Authority, which is jointly run by Zambia and Zimbabwe ...Published: 13 May 2019 at 08:50hrs | 318 | by Staff reporter
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 414 | by Victor Bhoroma
Zimbabwe's power utility Zesa introduces 10-hour load shedding
POWER utility company, Zesa has introduced a load-shedding regime that will see some suburbs across the country going for at least 10 hours without electricity due to reduced generation at its major p...Published: 12 May 2019 at 06:38hrs | 1802 | by Staff reporter
Zanu PF has no intentions of solving Zimbabwe challenges
AS long as Zimbabwe remains a pariah State ruled by corrupt and vote-rigging people, there will be no meaningful economic recovery, that is a fact.If the nation is spending 44% of its income o...Published: 09 May 2019 at 18:56hrs | 1569 | by Wilvert Mukori
'Price increases result of RTGS$ value fall'
AS prices of basically everything in Zimbabwe continue to skyrocket, political and social analysts have called on President Emmerson Mnangagwa to be transparent and accountable for his government's at...Published: 05 May 2019 at 17:26hrs | 5699 | by Staff reporter
You are on the right path Mthuli but....
I can't help but feel sorry for Finance and Economic Development Minister Professor Mthuli Ncube.By now the economy should have been showing signs of stabilising.Experts say for the fi...Published: 05 May 2019 at 09:44hrs | 4202 | by Munyaradzi Hwengwere
Mystery of Zimbabwe's forex market
"Zimbabwe's tobacco sales have reached a record high of 237,1 million kg with a week to go before the selling season ends, official data showed" - Reuters (July 23 2018)."Gold deliveries to Fi...Published: 03 May 2019 at 20:48hrs | 4254 | by Chigogwana, Sikhosana and Mashozhera
The nexus between confidence and economic growth
A change in the Zimbabwean government in November 2017 was somewhat a confidence booster in the economy as the new administration announced business oriented policies and went on an overdrive to re-en...Published: 29 Apr 2019 at 08:45hrs | 781 | by Victor Bhoroma
'Mnangagwa lured 2018 voters with war tales' - damned lie, he rigged the election
As Zimbabwe's economy sinks deeper and deeper into the morass the tension and panic in Zanu PF circles is palpable. The regime rigged last year's elections and was super confident that it will rig the...Published: 29 Apr 2019 at 07:43hrs | 2971 | by Patrick Guramatunhu
RBZ sabotaging Zimbabwe economic recovery
WHEN Mthuli Ncube was appointed Finance and Economic Development minister, he quickly took charge at the ministry, appointing a new permanent secretary and several directors and publishing a Transitio...Published: 29 Apr 2019 at 07:10hrs | 2170 | by Eddie Cross
Gold worth billions smuggled out of Africa
Billions of dollars' worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East - a gateway to markets in Europe, the United States and beyond - a Reu...Published: 28 Apr 2019 at 08:18hrs | 179 | by Reuters
'No fuel price hike in Zimbabwe'
The Minister of Energy and Power Development, Joram Gumbo has allayed fears of a fuel price hike, dismissing claims of an increase on the pump price of petrol and diesel as false.This follows ...Published: 28 Apr 2019 at 07:54hrs | 342 | by Staff reporter
Basic goods prices shoot up 200%
PRICES of basic commodities have risen sharply with some increasing by almost 200% between October last year and April this year, according to official statistics.Presenting a paper titled Zim...Published: 26 Apr 2019 at 17:30hrs | 1516 | by Staff reporter
Zimbabwe shoots down Masiyiwa's rand proposal
Industry and Commerce minister, Nqobizitha Mangaliso Ndlovu has shot down the suggestion by billionaire telecoms tycoon Strive Masiyiwa for Zimbabwe to price all goods in South African rand to achieve...Published: 26 Apr 2019 at 07:19hrs | 4212 | by Sytaff reporter
Zimbabwe is reforming for the better
Reforming is a process of improving or changing for the better, especially as a result of correction of legal or political abuses or malpractices. Economic and political reforms are normally d...Published: 25 Apr 2019 at 14:49hrs | 2305 | by Sibusiso Ndlamini
Fuel prices up again
DESPITE government castigating business for over-pricing, there is likely to be no respite for the embattled consumer anytime soon as the price of fuel continues to go up, almost on a weekly basis...Published: 24 Apr 2019 at 07:52hrs | 6765 | by Staff reporter
Whites score big against blacks - land compensation
Land is and was at the centre of all political developments for the indigenous black Zimbabwean population's pre and post independence movements. The liberation war against white minority rule's black...Published: 23 Apr 2019 at 15:37hrs | 2571 | by Terence Simbi
Can Zimbabwe manage to de-dollarize
The Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monitory Area (CMA), also refer...Published: 23 Apr 2019 at 15:18hrs | 6163 | by Victor Bhoroma
Mnangagwa warned of brewing unrest
THERE are growing fears that Zimbabwe's fast-deteriorating economic situation - marked by shocking price hikes and severe shortages of foreign currency, fuel and vital medicines - could trigger social...Published: 23 Apr 2019 at 07:49hrs | 19809 | by Staff reporter
WATCH: Apostle Vutabwashe blasts Mnangagwa's government
Heartfelt Ministries leader Apostle Vutabwashe has blasted the government of President Emmerson Mnangagwa over its failure to create an enabling environment for the country to produce wheat. I...Published: 22 Apr 2019 at 13:33hrs | 6185 | by Mandla Ndlovu
Strive Masiyiwa's maths on Rand pricing is wrong
A lot of publications have run with this story already but I couldn't find the original Facebook post. Strive Masiyiwa posts extensively and engages quite much on his page so I spent an hour trying to...Published: 22 Apr 2019 at 11:08hrs | 5015 | by Tinashe Nyahasha
Zimra moves towards single clearance at ports of entry
The Zimbabwe Revenue Authority (Zimra) will later this year bring together all agencies that are involved in border checks processes into a single clearance platform as it works towards improving Zimb...Published: 22 Apr 2019 at 08:44hrs | 6473 | by Staff reporter
'Peasant farmers now driving Zimbabwe's economy'
THE agricultural sector, seen as the mainstay of the country's economy, is now being powered by peasant farmers following the chaos that decimated commercial farming, the Daily News on Sunday can repo...Published: 21 Apr 2019 at 16:29hrs | 1158 | by Staff reporter
Rebirth of the Zimdollar
Zimbabwean central bank authorities have a traceable record of overnight monetary policy changes. Memories of the former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono era of monetary policy hip-...Published: 19 Apr 2019 at 11:09hrs | 1419 | by Paddington Masamha
Why Mthuli Ncube's new currency is likely to be doomed
THE announcement by Finance minister Mthuli Ncube of his intention to introduce "a new, fully-fledged currency" in 12 months piqued the interest of the general public in Zimbabwe.It comes soon...Published: 19 Apr 2019 at 11:08hrs | 680 | by Martin Tarusenga
Can Zimbabwe manage to de-dollarise?
THE Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monetary Area (CMA), also refer...Published: 19 Apr 2019 at 11:08hrs | 763 | by Victor Bhoroma
Strive Masiyiwa tells Zimbabwe to price all goods in South African rand
Billionaire telecoms tycoon Strive Masiyiwa says Zimbabwe could achieve price stability if all goods were priced in the South African rand, and the country could do this "overnight".Masiyiwa, ...Published: 19 Apr 2019 at 10:48hrs | 6631 | by ZimLive
Zimbabwe trade deficit drops by 90%
ZIMBABWE'S trade deficit dropped by 90% to $22,1 million in February this year with analysts attributing the decline to foreign currency shortages.Figures released by the Zimbabwe Statistics A...Published: 19 Apr 2019 at 07:26hrs | 307 | by Staff reporter
Zimbabwe black market running amok
GOVERNMENT is facing renewed pressure on the economic front, with the parallel foreign currency market once again running amok — pushing the prices of basic consumer goods like bread beyond the reac...Published: 17 Apr 2019 at 07:25hrs | 31493 | by Staff reporter
Mthuli Ncube triggers panic
LONG-suffering Zimbabweans should brace for even tougher economic times ahead, following last week's surprise announcement by Finance minister Mthuli Ncube that the country would have yet another curr...Published: 15 Apr 2019 at 10:56hrs | 19845 | by Staff reporter
Mozambique threatens Zimbabwe over delayed wheat import payments
BEIRA port officials have threatened to stop Zimbabwe wheat cargo from using the terminal after inordinate delays in payment and collection of bonded consignments.Zimbabwe, through the Grain M...Published: 14 Apr 2019 at 15:45hrs | 669 | by Staff reporter
Mutsvangwa blames 'Queen Bee' for high fuel prices
Trafigura, the global commodities trader, is facing accusations that it used a partner's connections to Zanu-PF to gain an unfair advantage in the supply of fuel to the southern African nation.The...Published: 14 Apr 2019 at 10:12hrs | 5205 | by Joseph Cotterill and David Sheppard I Financial Times
Zimbabwe's US$1 billion steel project kicks off
ONE of the world's largest stainless steel producers, Chinese company Tsingshan Holding Group, has begun work on setting up of the US$1 billion steel plant in the country that will eventually produce ...Published: 12 Apr 2019 at 09:15hrs | 6501 | by Staff reporter
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