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'Zimbabwe risks redollarising'
Zimbabwe Ezekiel Guti University pro-vice chancellor Gift Mugano has said Zimbabwe risks going back to dollarisation in the first quarter of 2020 due to failure by the local currency to boost public c...Published: 6 hrs ago | 861 | by Staff reporter
Mthuli Ncube's 2020 budget headache
Parliament says structuring next year's budget presents a serious headache as the imploding economy continues to be saddled by runaway inflation and skyrocketing prices stemming from currency volatili...Published: 10 hrs ago | 2155 | by Staff reporter
Zimra Q3 revenue tops $6,6 billion
THE Zimbabwe Revenue Authority (Zimra) has surpassed its revenue target for the third quarter of the year after collecting $6,59 billion, which is 26,55 percent above its target of $6 billion. ...Published: 10 hrs ago | 261 | by Staff reporter
All signs bad - ZimVigil Diary
A number of reports this week exposed the worsening situation in Zimbabwe, facing hunger and malnutrition, continued abuse of human rights and a contracting economy. On Wednesday the Worl...Published: 21 Oct 2019 at 10:33hrs | 2131 | by ZimVigil Diary
Farm workers get 84,62% salary increase
WORKERS in the general agriculture sector have been awarded an 84,62% salary increment, which will see the lowest paid employee getting $360 a month.According to the collective bargaining agre...Published: 21 Oct 2019 at 07:44hrs | 1973 | by Staff reporter
National Foods expects 86% revenue growth
if the economic environment remains unstable by the year ending March 31, 2020, National Foods Holdings Limited (NFHL) expects an 84,6% revenue growth to $1,05 billion spurred by inflationary pressure...Published: 21 Oct 2019 at 07:41hrs | 161 | by Staff reporter
Cyrene High old boys rescue destroyed school
CYRENE High School has received a donation of roofing sheets from former pupils to repair two hostels whose roofs were destroyed by a whirlwind last month. Speaking at the handover ceremony at...Published: 21 Oct 2019 at 07:39hrs | 701 | by Staff reporter
Zimbabwe doctors launch crowd funding initiative to replace salaries
STRIKING doctors have set up a crowd funding initiative appealing for donations from the public after government denied them their October salaries.The health workers, who are pressing on with...Published: 21 Oct 2019 at 07:37hrs | 3707 | by newzimbabwe
Mnangagwa dismisses elections 'Sabbath'
PRESIDENT Emmerson Mnangagwa has refused to entertain talk of a seven year election Sabbath suggested by the Zimbabwe Heads of Christian Denominations (ZHOCD), arguing his electoral victory last year ...Published: 21 Oct 2019 at 07:33hrs | 309 | by newzimbabwe
Cartels killing the Zimbabwe economy
President Emmerson Mnangagwa has promised to take out the whip on business for the current price madness. That, predictably, is a good idea.If things go according to his plan - most of the tim...Published: 20 Oct 2019 at 23:50hrs | 1097 | by Tawanda Majoni
God is not like Job Sikhala's tailor
Nostalgia is quite climactic, and there is nothing as pleasurable as going down memory lane.When Bishop Lazi was having a haircut last week, he could not help but think how life was so fashion...Published: 20 Oct 2019 at 23:40hrs | 185 | by Bishop Lazi
Naming and shaming corrupt Bigwigs is not enough: They ought to rot in jail - Nomboka
Responding to a question posed by this reporter during a live interview on ‘what should have been done by seating parliamentarians which they were apparently not doing to put an immediate stop to ra...Published: 20 Oct 2019 at 23:24hrs | 338 | by Agencies
Sorry my elders, you nurtured the misery for yourself and your dependants
Being a true Methodist has allowed me to read the Old Testament, the New together with the gospels. Generational gaps become a matter that affect our nation today as we look at how power needed to be ...Published: 20 Oct 2019 at 23:19hrs | 94 | by MuHwisiry Chaiyeiye
The retrogressive nature of Zimbabwe's power politics: 2008-2018
This article seeks to highlight the bad side of power politics drawing examples from two major political parties namely the Zimbabwe African National Union for Patriotic Front (Zanu PF) and the Moveme...Published: 19 Oct 2019 at 07:20hrs | 1302 | by Tatenda freeman Murenjekwa
100% bonus for civil servants
GOVERNMENT has resolved to pay civil servants full bonuses for 2019 pegged on gross income, a departure from last year when the 13th cheque was based on pensionable salaries only. In an interv...Published: 19 Oct 2019 at 06:25hrs | 5356 | by Staff Reporter
UK think tank sees Zimdollar firming
The Zimbabwe dollar is expected to largely stabilise next year before it starts firming against the US dollar on the back of growing confidence in the domestic currency.The local currency woul...Published: 18 Oct 2019 at 19:02hrs | 4349 | by Staff reporter
Mthuli Ncube cut his nose to spite his face
ZIMBABWE businesses, grappling with the realities of hyperinflation and exchange rate induced losses, have pressed the panic button over worsening macro-economic conditions in the country, with severa...Published: 18 Oct 2019 at 18:26hrs | 2279 | by Phillimon Mhlanga
Mthuli Ncube to pull a few tricks to stabilise the exchange rate
The government will pull a few tricks up its sleeves soon to stabilise the exchange rate as part of a broader task of creating a viable environment for business, Business Times reported.A team...Published: 18 Oct 2019 at 17:35hrs | 12280 | by Staff reporter
Zimbabwe teachers to work 2 days a week
Teachers will only work two days a week and will no longer abide by the formal dress code, the Progressive Teachers' Union of Zimbabwe (PTUZ) declared on Friday.The teachers announced the indu...Published: 18 Oct 2019 at 17:13hrs | 2153 | by ZimLive
Biti gives Zimbabwe 6 months to collapse
MDC Alliance vice president Tendai Biti has given Zimbabwe six months to collapse owing to the run away inflation in the country that has seen prices of g...Published: 18 Oct 2019 at 16:40hrs | 5554 | by Staff Reporter
Mnangagwa targets 'troublesome' doctors
PRESIDENT Emmerson Mnangagwa yesterday threatened 'troublesome' union leaders reported to be inciting the strike by doctors at public health institutions."Last month we gave them an increment ...Published: 18 Oct 2019 at 15:07hrs | 3280 | by Staff reporter
Egodini Mall developer alters structural designs to cut costs
EGODINI Mall developer Terracotta (Pvt) Limited has reportedly been forced to change or amend some structural designs of the mall to cut costs owing to the punishing hyper-inflationary environment....Published: 18 Oct 2019 at 15:06hrs | 1215 | by Staff reporter
'Banks should focus on savings deposits'
RESERVE Bank of Zimbabwe (RBZ) deputy governor Jesimen Chipika has urged banks to focus on savings deposits in order to enhance financial support to the productive sectors.Productive sectors o...Published: 18 Oct 2019 at 15:05hrs | 441 | by Staff reporter
Energy ministry secretary grilled over Zesa rebundling, tariffs
MINISTRY of Energy secretary Gloria Magombo was yesterday grilled by Parliament over issues of rebundling of Zesa with MPs questioning why an institution that was recently unbundled was now being rebu...Published: 18 Oct 2019 at 15:04hrs | 642 | by Staff reporter
Zimbabwe accelerating towards precipice of doom - Asante sana
The pace at which Zimbabwe's socio-economic situation is deteriorating is quite terrifying and a long-lasting panacea is urgently needed. I am afraid that we might be heading towards the precipice of ...Published: 18 Oct 2019 at 15:04hrs | 377 | by Canisio Mudzimu
No prospects of return to a multi-currency regime
ZIMBABWE'S central bank deputy governor Jesimen Chipika says the nation is grappling with symptomatic challenges instead of tackling structural problems in the economy as she that the multi-currency s...Published: 18 Oct 2019 at 05:32hrs | 502 | by Staff reporter
World Bank says Zimbabweans should brace for misery
The World Bank has warned that Zimbabwe's economy faces massive turmoil unless the country gets much-needed international assistance urgently. This comes as the country is currently going thro...Published: 18 Oct 2019 at 05:31hrs | 712 | by Staff reporter
Industry urges govt to be disciplined
The Confederation of Zimbabwe Industries (CZI) says government should maintain fiscal discipline so that the economy does not suffer challenges of fiscal slippages.This comes as the country is...Published: 18 Oct 2019 at 05:30hrs | 103 | by Staff reporter
Zimbabwe-dollarisation impacts on the banking sector
COUNTRIES forced into dollarisation usually find it impossible to de-dollarise and Zimbabwe's mid-year efforts to do so adds another country to the long list of those that tried and failed.Gov...Published: 18 Oct 2019 at 05:29hrs | 208 | by Tony Hawkins
RBZ's currency policy doomed to fail
THE latest move by the Reserve Bank of Zimbabwe (RBZ) to manage the exchange rate yet again is another experiment doomed to fail as laws of supply and demand will prevail.Economists say Zimbab...Published: 18 Oct 2019 at 05:28hrs | 1787 | by Staff reporter
Mnangagwa's PR offensive a futile exercise
GOVERNMENT'S decision to hire four international public relations firms in its bid to spruce up its battered image globally is pointless unless the Harare administration implements substantive politic...Published: 18 Oct 2019 at 05:27hrs | 116 | by Staff reporter
Ruvheneko Parirenyatwa joins ZBC
Former Zimpapers projects manager and Capitalk radio presenter Ruvheneko Parirenyatwa has joined the ZBC, sources told ZimLive.The 31-year-old is joining the monopoly TV broadcaster's news and...Published: 17 Oct 2019 at 09:04hrs | 27 | by Staff reporter
Chamisa itches for clash with Mnangagwa
Opposition MDC party leader Nelson Chamisa yesterday said the country was drawing to a "tipping point" as shortages of key commodities persist, while the collapse of the local currency and rising infl...Published: 17 Oct 2019 at 09:03hrs | 14 | by Staff reporter
Zimpost hit by liquidity challenges
ZIMPOST says it has been operating below capacity from the beginning of the year to date due to working capital constraints and liquidity challenges characterising most business operations in the coun...Published: 17 Oct 2019 at 09:00hrs | 7 | by Staff reporter
New Zimdollar notes being printed
NEW bank notes will be introduced into the market in a few months' time to ease the current serious shortage of cash in the country, a Reserve Bank of Zimbabwe (RBZ) official has revealed.RBZ ...Published: 17 Oct 2019 at 08:59hrs | 28 | by Staff reporter
Govt workers launch strike
CIVIL servants have declared incapacitation to continue reporting for duty on their inflation-battered salaries, adding more misery to the government, which is struggling to tame the triple-digit infl...Published: 16 Oct 2019 at 16:18hrs | 40 | by Staff reporter
Mnangagwa's economy to contract 7,2%, says IMF
The International Monetary Fund (IMF) has widened its estimated contraction for Zimbabwe's economy to 7,1% by year end owing to worsening macro-economic challenges.Previously, the IMF had pred...Published: 16 Oct 2019 at 16:17hrs | 3 | by Staff reporter
A historical lesson for Kembo Mohadi. #1987 Unity Accord and its demise in 2009.
Whilst the Zimbabwean economy dovetails under mismanagement by ZANU PF government, while millions are at the verge of starvation, while there seems to be no reprieve in sight for the cash, crisis, ene...Published: 16 Oct 2019 at 09:27hrs | 10576 | by Iphithule Maphosa
The cookie is crumbling
NEWS that listed Zimbabwean companies will, henceforth, start presenting their financial statements using the Financial Reporting in Hyperinflationary Economies Standard can only mean one thing: The c...Published: 16 Oct 2019 at 07:27hrs | 348 | by Staff reporter
Doctors told to resume work & dialogue
Government remains open to dialogue with striking doctors to find a lasting solution, but those discussions should be carried out while health workers are at work, Health and Child Care Minister Obadi...Published: 16 Oct 2019 at 07:26hrs | 264 | by Staff reporter
Zimbabwe's month-on-month inflation slows
ZIMBABWE's month-on-month inflation rate decelerated by 0,35 percentage points in September to 17,72% from 18,07% in August, the statistics agency has revealed.Treasury barred the publication ...Published: 16 Oct 2019 at 07:22hrs | 485 | by Staff reporter
Zimbabwe doctors told, 'No work, no dialogue'
Government remains open to dialogue with striking doctors to find a lasting solution, but those discussions should be carried out while health workers are at work, Health and Child Care Minister Dr Ob...Published: 16 Oct 2019 at 07:02hrs | 853 | by Staff reporter
Zimdollar crashes further
THE Zimbabwean dollar this week continued its downward spiral after a momentary lull last week following the central bank moved to freeze bank accounts of companies believed to be exerting downward pr...Published: 15 Oct 2019 at 18:39hrs | 721 | by Staff reporter
Chamisa perpetrates sexism in Zimbabwe
When Nelson Chamisa became president of the Movement for Democratic Change (MDC) in 2018, he electrified Zimbabwean politics. He was young. He was energetic. Discover a new source of income by...Published: 15 Oct 2019 at 09:43hrs | 670 | by Mako Muzenda
BREAKING: All Zimbabwe civil servants to go on strike
Reports coming from Harare indicate that the Civil Service Apex Council has served government with a notice of incapacitation. The Apex Council which is the highest negotiating board for civil...Published: 15 Oct 2019 at 08:57hrs | | by Mandla Ndlovu
Questions arising from Treasury's strategy paper
THREE official documents published in recent weeks paint a different, but fundamentally depressing pictures of Zimbabwe's economy. All pose more questions than answers, leaving readers to ponder the m...Published: 15 Oct 2019 at 06:54hrs | 769 | by Tony Hawkins
Zimbabwean crisis gone above politics
IT began with the ouster of the late former President Robert Mugabe, who many identified as a liberator-turned despot. At the height of his rule, and in the twilight of his reign, a common factor endu...Published: 15 Oct 2019 at 06:48hrs | 563 | by Learnmore Zuze
Govt still consulting on civil servants bonuses
THE Ministry of Finance yesterday told Parliament that government had not yet made a decision on whether civil servants will be paid bonuses this year as they needed to consult workers' representative...Published: 15 Oct 2019 at 06:48hrs | 243 | by Staff reporter
Zimbabwe aims to triple diamond production by 2023
Zimbabwe expects to increase diamond production to 11 million carats by 2023 from 3,2 million carats last year, the Mines minister Winston Chitando said yesterday, part of an ambitious plan to raise m...Published: 15 Oct 2019 at 06:46hrs | 272 | by Reuters
Zimbabwe adopts hyperinflation reporting
Zimbabwe's listed companies will start presenting their financial statements using the hyperinflationary economies standard (IAS) following approval by the Public Accountants Board (PAAB).Acco...Published: 15 Oct 2019 at 06:45hrs | 474 | by Staff reporter
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