Search / Inflation
Bank workers demand US dollars
THE Zimbabwe Banks and Allied Workers Union (Zibawu) says it has rejected a wage increase of about 350% tabled by employers during ongoing negotiations.According to Zibawu, the minimum wage in...Published: 13 hrs ago | 1872 | by Staff reporter
$1 000 fine for not wearing face mask
THE government has doubled the fine for not wearing a face mask or breaching Covid-19 restrictions to $1 000 from the previous $500.Maximum fines for criminal offences have been doubled to cop...Published: 13 hrs ago | 741 | by Staff reporter
Poor grain production hurting Zimbabwe economy
Zimbabwe has been a net importer of food for the past 2 decades and the country's import bill has increasingly featured grain imports with maize imports averaging 1.1 million Metric Tonnes (MT) per ye...Published: 25 Jan 2021 at 13:18hrs | 500 | by Victor Bhoroma
Mr Cross: Silence cannot be misquoted
In September 2019, Finance and Economic Development Minister, Professor Mthuli Ncube, appointed a nine-member Monetary Policy Committee (MPC) to influence the Reserve Bank of Zimbabwe (RBZ)'s monetary...Published: 25 Jan 2021 at 08:28hrs | 3846 | by Dr Tim Rainhard
Mnangagwa says Covid knows no 'Supermen' calls for unity
Zimbabwean President Emmerson Mnangagwa said there are no action heroes after four of his cabinet ministers succumbed to Covid-19 within a week.In his state of the nation address on Saturday, ...Published: 23 Jan 2021 at 16:04hrs | 962 | by Staff reporter
Lies have short legs
PRESIDENT Emmerson Mnangagwa made many promises since he entered office in November 2017. He was greeted with all the confidence that the people could give from all quarters of society.His asc...Published: 23 Jan 2021 at 06:26hrs | 2916 | by Worried
'RBZ keeps black market guessing over $50 note'
ZIMBABWE'S markets are struggling to work out the full impact of a Reserve Bank of Zimbabwe (RBZ) move to inject a $50 note, which it sees as vital for stemming a dire liquidity crunch, according to r...Published: 22 Jan 2021 at 06:42hrs | 823 | by Staff reporter
ZSE outsmarts African peers
THE Zimbabwe Stock Exchange (ZSE) was the second best performing bourse, after the Egyptian Exchange, last week among seventeen regional stock markets tracked by researchers at African Markets....Published: 22 Jan 2021 at 06:41hrs | 334 | by Staff reporter
Zisco pensioners getting $25 per month
FORMER employees of the now-defunct Zimbabwe Iron and Steel Company (Zisco) are being paid $25 per month as pension on retirement, NewsDay reported.The pensioners who spoke to NewsDay said the...Published: 22 Jan 2021 at 06:38hrs | 443 | by Staff reporter
Zimbabwe has voluntarily become the 10th province of South Africa
After protracted and emotional denials by Zanupf leaders that Zimbabwe is a country in crisis, masses of Zimbabweans that were stuck at Beitbridge border post a few weeks ago exposed Zimbabwe not only...Published: 21 Jan 2021 at 13:34hrs | 2733 | by Israel Dube
'Zimbabwe printing $1 billion weekly to buy gold'
FORMER legislator and Monetary Policy Committee member Eddie Cross has made sensational claims that the Reserve Bank of Zimbabwe (RBZ) was printing $1 billion weekly mainly to buy gold.At the ...Published: 21 Jan 2021 at 06:46hrs | 3172 | by Staff reporter
Decade of darkness in Gwanda suburb
RESIDENTS of Spitzkop North suburb in Gwanda have no kind words for the Zimbabwe Electricity Supply Authority (Zesa), saying the entity has neglected them by not electrifying their homes for over 10 y...Published: 21 Jan 2021 at 06:28hrs | 279 | by Staff reporter
Delta lager volumes up 48%
Delta Corporation reported a buoyant Christmas quarter with the key lager beer volumes rising 48% against the comparable year ago period, due to positives arising from the payment of end of year bonus...Published: 20 Jan 2021 at 17:38hrs | 877 | by Staff reporter
Exchange control regulations and export growth
The monetary policy committee for the Reserve Bank of Zimbabwe (RBZ) issued a circular with changes to export surrender requirements on the 7th of January 2021. The changes include immediately removin...Published: 20 Jan 2021 at 06:30hrs | 111 | by Victor Bhoroma
Zimbabwe bank workers offered 349% pay hike
Zimbabwean bank workers have been offered a once-off 349% annual-pay increase by employers, falling far short of labor union demands and setting the stage for a potential legal challenge.The p...Published: 19 Jan 2021 at 16:13hrs | 3861 | by Staff reporter
China-Zimbabwe relations: A marriage not worthy?
A MARRIAGE built on rocks does not last. The Lome Agreement of 1975 between European Economic Community and African Caribbean and Pacific countries is a typical example to China-Zimbabwe relations tha...Published: 19 Jan 2021 at 07:32hrs | 440 | by Christine Rumbidzai Matinanga
IPEC to deregister four brokers
The Insurance and Pension Commission (IPEC) is in the process of cancelling registration certificates for four insurance brokers following their breach of regulatory requirements. In its Short...Published: 19 Jan 2021 at 07:19hrs | 494 | by Staff reporter
ZimStat stops releasing poverty data
THE Zimbabwe National Statistical Agency (ZimStat) has abandoned the release of poverty datum line (PDL) data for a family of five to focus only on individual data, the NewsDay Business has establishe...Published: 18 Jan 2021 at 06:26hrs | 618 | by Staff reporter
Zupco fares hike riles commuters
THE hiking of bus fares by the Zimbabwe United Passengers Company (Zupco) from $16 to $30 and $24 to $50 for kombis has riled the commuting public, with transport associations and residents saying tha...Published: 18 Jan 2021 at 05:56hrs | 1055 | by Staff reporter
'Zimbabwe inflation fall no cause for celebration'
ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high."The ...Published: 15 Jan 2021 at 07:49hrs | 591 | by Staff reporter
Zimbabwe remains in extreme poverty range
The country's poverty datum line rose 5.5% to $4 670.04 in December from $4 425.64 the previous month. This means that a person required $143 or US$1.75 per day to purchase both non-food and food item...Published: 14 Jan 2021 at 17:04hrs | 843 | by Staff reporter
All hope is not lost
Crushing the peoples' voices is not the answer. No nation has ever risen or built by crushing the voice of justice.Zimbabwean citizens in all walks of life have been fighting for change at gre...Published: 14 Jan 2021 at 13:26hrs | 576 | by Leonard Koni
Hydro-politics depriving Bulawayo and Matebeleland of water
MORE than a century ago in 1912, the people of Matebeleland and Bulawayo regions were promised that they will draw water from the Zambezi River, through the Matebeleland Zambezi Water Project (MZWP)....Published: 14 Jan 2021 at 11:56hrs | 731 | by Staff reporter
UK advances US$5,4m food assistance
MORE than 100 000 food-insecure people in the urban areas will benefit from the United Kingdom's pledge of £4 million (US$5,4 million) to help vulnerable families.Recent data revealed that ne...Published: 14 Jan 2021 at 07:55hrs | 145 | by Staff reporter
'High value denominations will not affect inflation'
THE introduction of high value denominations into the economy will not result in high inflation as long as the Reserve Bank of Zimbabwe (RBZ) does not print too much money. Economic commentato...Published: 14 Jan 2021 at 07:52hrs | 337 | by Staff reporter
Zimbabwe record its fourth straight trade monthly surplus
Zimbabwe recorded its fourth straight trade monthly surplus in November as Finance Minister Mthuli Ncube's steps to devalue and stabilize the local currency started showing some positive results for e...Published: 13 Jan 2021 at 18:22hrs | 836 | by Staff reporter
How to kill a country
Nearly forty years ago Ian Smith, the Prime Minister of Rhodesia, became the first and only white colonial ruler to break away from the British Crown. He had tired of London's nagging about the subjug...Published: 13 Jan 2021 at 16:49hrs | 2556 | by Samantha Power
Chamisa has 'nowhere to take his problems to' claims Matemadanda
THE ruling Zanu-PF says Nelson Chamisa and the MDC Alliance "made their bed and must now lie in it" - after they allegedly "repeatedly spurned the hand of friendship" extended to them by President Emm...Published: 13 Jan 2021 at 15:55hrs | 1994 | by Staff reporter
Zimbabwe inflation closes 2020 at 348,59%
THE country's annual rate of inflation slid to 348,59 percent last month from 401,66 percent in November, latest data from the Zimbabwe National Statistics Agency show.This means that th...Published: 11 Jan 2021 at 16:00hrs | 399 | by Staff reporter
Varun opens new production line
VARUN Beverages Zimbabwe Private Limited (VBZPL) has commissioned a new production line to ramp up production of its Aquaclear bottled mineral water.VBZPL is a subsidiary of the Indian headqua...Published: 10 Jan 2021 at 20:58hrs | 1013 | by Staff reporter
'Mwonzora should promptly engage the ruling Zanu PF'
HOPE is high that Zimbabwe's much-talked about national dialogue could finally start in earnest this year, following recent political developments and hints to this effect by both President Emmerson M...Published: 10 Jan 2021 at 16:50hrs | 1481 | by Staff reporter
Tapambgwa leaves Stanbic bank
Stanbic Bank, Chief Executive (CE), Joshua Tapambgwa has stepped down from the helm of the leading financial services institution, effective 31 December 2020, after an illustrious 18 years at the Stan...Published: 10 Jan 2021 at 15:10hrs | 2050 | by Agencies
Zimbabwe to introduce new banknotes soon
THE Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denomination banknotes to increase physical money supply, curb cash shortages and improve transacting convenience.Aut...Published: 10 Jan 2021 at 07:52hrs | 989 | by Staff reporter
Stringent govt lockdown requirements cripple companies
THE ministry of Industry and commerce has given industry a seven day moratorium to obtain exemptions to operate during the 30-day national lockdown while at the same time introducing stringent demands...Published: 10 Jan 2021 at 07:45hrs | 257 | by Staff reporter
Mnangagwa's govt failed to consult over lockdown, says Veritas
LEGAL think-tank Veritas says the government did not give transport operators, vendors and representatives of commerce and industry time to prepare for new covid-19 measures amid worsening macroeconom...Published: 10 Jan 2021 at 07:44hrs | 263 | by Staff reporter
Zimbabwe's economic outlook for 2021
Zimbabwe's economy ended the year 2020 on a fairly stable note due to the return of the multi-currency regime and decline in general inflation levels in the market. Headwinds caused by incessant power...Published: 08 Jan 2021 at 21:02hrs | 1225 | by Victor Bhoroma
The soft peg and local economic stability
Zimbabwe introduced the Dutch inspired foreign exchange auction system on the 23th of June to replace the fixed exchange rate (hard peg) of US$1: ZW$25 that had been in existence since 26 March 2020. ...Published: 08 Jan 2021 at 20:58hrs | 513 | by Victor Bhoroma
Mwonzora gleefully awaiting $2.72 m PPFA payout - reason why MDC will sell-out again come 2023
"Only Zanu-PF and MDC-T will share the $100 million allocated in the 2021 National Budget under the Political Parties Finance Act as all other parties failed to get at least five percent of the consti...Published: 08 Jan 2021 at 19:03hrs | 935 | by Patrick Guramatunhu
Mnangagwa, Mwonzora to share $100m, Chamisa excluded
Only Zanu-PF and MDC-T will share the $100 million allocated in the 2021 National Budget under the Political Parties Finance Act as all other parties failed to get at least five percent of the constit...Published: 08 Jan 2021 at 07:54hrs | 5437 | by Staff reporter
Botswana sets currency to lose value faster in 2021
Botswana has set its pula currency to lose value at a faster rate this year, a senior official said Monday, as it seeks to boost export competitiveness after the COVID-19 pandemic has had a deep impac...Published: 06 Jan 2021 at 07:17hrs | 3050 | by Staff reporter
Afro-Sino economic relations in the 21st Century: Mixed Reactions and Misinterpretations
The Author is a Master of Science in International Trade and Diplomacy student at the University of Zimbabwe. He holds a MSc degree in Development Studies (National U...Published: 04 Jan 2021 at 19:21hrs | 218 | by Livingstone Kazizi
Call for New Legislation Limiting Number of times a political party can shield a presidential candidate in Zimbabwe
Amid Zimbabwe's political landscape at risk of conflict as political violence escalates, Emej Zimbabwe (Economic Movement for Equality and Justice) founder and president Maxwell Teedzai has called for...Published: 04 Jan 2021 at 19:04hrs | 498 | by Agencies
COVID-19 lockdown measures exposes Zimbabwe government's panic mode
THE new COVID-19 lockdown measures have exposed government's panic mode and failure to plan in dealing with a crisis which needs a scientific and inclusive approach, stakeholders said yesterday....Published: 04 Jan 2021 at 07:24hrs | 861 | by Moses Matenga
COVID-19: Let us remain vigilant
THE Vendors Initiative for Social and Economic Transformation (Viset) notes the introduction of a stiff lockdown by the government as announced by Vice-President and Health minister Constantino Chiwen...Published: 04 Jan 2021 at 07:21hrs | 182 | by Viset information and publicity department
High inflation drives cost of living
USAID food security arm, FEWS NET, says the cost of living in rural and urban areas continues to increase mainly driven by high inflation. In FEWS NET's December 2020 report, the food security organis...Published: 03 Jan 2021 at 07:43hrs | 435 | by Staff reporter
Mnangagwa strikes the right chord, claims War vets
WAR veterans yesterday said President Emmerson Mnangagwa is turning around the economy and the country is moving in the right direction.Addressing the media in Harare, the Zimbabwe National Li...Published: 02 Jan 2021 at 08:47hrs | 1250 | by Staff reporter
A toast for 2021, but......
We bid 2020 goodbye, the year many would want to quickly forget contrary to views, at least if one wears Zimbabwe's political lenses. The past nine months have been notorious given the COVID-1...Published: 01 Jan 2021 at 07:51hrs | 177 | by Staff reporter
Biti predicts a tough 2021 for Zimbabweans
A BLEAK 2021 awaits Zimbabweans, a year which will be characterised by price increases in bread, fuel, electricity, and other basic commodities, creating inflationary pressures in the country, former ...Published: 01 Jan 2021 at 07:26hrs | 1388 | by Staff reporter
War vets hail Mnangagwa
UNDER the leadership of President Mnangagwa Zimbabwe has been able to stabilise the economy and lay the foundation for inevitable success, Zimbabwe National Liberation War Veterans Association (ZNLWVA...Published: 01 Jan 2021 at 07:19hrs | 232 | by Staff reporter
Demand for mobile Internet soars under Covid-19 lockdown
ZIMBABWE continues to record increases in the usage of internet services spurred by the Covid-19 lockdown measures, which have created higher demand for digital services. The trend has seen mo...Published: 31 Dec 2020 at 10:34hrs | 71 | by Staff reporter
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