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Econet Zimbabwe to hike data, SMS, voice bundles
ZIMBABWE's mobile network operator, Econet Wireless Zimbabwe has announced a review of SMS, voice and data charges effective May 19.Due to the galloping inflation in Zimbabwe, mobile network o...Published: 8 hrs ago | 210 | by Staff reporter
RBZ in dramatic U-turn on lending
THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a sta...Published: 21 hrs ago | 1156 | by Staff reporter
ZCTU slams Mnangagwa
THE Zimbabwe Congress of Trade Unions has slammed President Emmerson Mnangagwa for implementing a raft of economic stabilisation measures before consulting with partners at the Tripartite Negotiation ...Published: 16 May 2022 at 06:27hrs | 3617 | by Staff reporter
Zimsec yet to pay O, A-level markers
THE Zimbabwe Schools Examination Council (Zimsec) is yet to pay some examiners who marked the 2021 Ordinary and Advanced Level examinations, almost seven months after completing the exercise.E...Published: 16 May 2022 at 06:24hrs | 296 | by Staff reporter
Duty on basics lowered
Government has lowered duty for people with free funds to import basic groceries, as one of the measures to contain price rises of basic commodities triggered by manufacturers and importers that have ...Published: 16 May 2022 at 06:20hrs | 760 | by Staff reporter
'The Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 15 May 2022 at 06:12hrs | 302 | by Staff reporter
Zimbabwe loans suspension review this week
The Reserve Bank of Zimbabwe (RBZ) will this week review the suspension of bank lending that was recently announced, as it moves to investigate contractors on allegations they have been fuelling the p...Published: 15 May 2022 at 06:11hrs | 392 | by Staff reporter
Mthuli Ncube rubbishes Mnangagwa's economic hitmen conspiracy
FINANCE minister Mtuli Ncube has said the current economic crisis rocking the country is a result of global upheavals, effectively disputing his principal, President Emmerson Mnangagwa's claim that th...Published: 13 May 2022 at 19:14hrs | 1372 | by Staff reporter
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 390 | by Staff reporter
Chamisa blames Mnangagwa
PRESIDENT Emmerson Mnangagwa is being haunted by the 2018 legitimacy crisis that has seen the economy imploding and plunging the country into chaos, opposition Citizens' Coalition for Change leader Ne...Published: 13 May 2022 at 19:11hrs | 359 | by Staff reporter
Mnangagwa creates unprecedented chaos
AGAINST threats from growth inhibiting factors, like pandemic-induced lockdowns, forex shortages, hyperinflation and rolling blackouts, Zimbabwe's industrial sector expanded by a big margin last year....Published: 13 May 2022 at 19:11hrs | 4649 | by Staff reporter
Salary erosion irks employees
SALARIES in local currency are being eroded on a daily basis by the downward spiralling economic situation worsened by runaway inflation, the Zimbabwe Independent has observed.The fluctuating ...Published: 13 May 2022 at 19:09hrs | 189 | by Staff reporter
Zimdollar worries industry
THE Confederation of Zimbabwe Industries (CZI) is having sleepless nights over an overvalued Zimbabwean dollar (Zimdollar), which is now undermining the scope for maximising structural efficiency and ...Published: 13 May 2022 at 19:09hrs | 169 | by Staff reporter
Is this the promised Canaan?
AM trying to write this article under a tree where there is shaky network on a Saturday afternoon.There is no electricity, so the vibe that usually punctuates our nearby Chikwanha shopping cen...Published: 13 May 2022 at 19:05hrs | 65 | by Chief Chiduku
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 110 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 1101 | by Staff Reporter
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 375 | by Staff reporter
Chamisa's CCC slams Mnangagwa
The Citizens Coalition for Change (CCC) on Wednesday vowed a robust challenge to controversial measures to shore up the fast-depreciating Zimbabwe dollar, announced by President Emmerson Mnangagwa las...Published: 11 May 2022 at 19:10hrs | 549 | by Staff reporter
Mnangagwa's 'paranoid' measures roundly condemned
VARIOUS stakeholders and experts roundly condemned economic stabilisation measures introduced by President Emmerson Mnangagwa to "stop economic hitmen" from sabotaging his under-fire administration....Published: 11 May 2022 at 09:16hrs | 1596 | by Staff reporter
Zimbabwe to miss 2022 GDP forecast
ZIMBABWE will most likely miss its 5,5% gross domestic product (GDP) forecast due to prolonged hyper-inflationary conditions as the country's local currency continues to tumble against the United Stat...Published: 11 May 2022 at 09:12hrs | 78 | by Staff reporter
'Zimbabwe's ban on bank lending null and void'
LEGAL experts have dismissed President Emmerson Mnangagwa's ban on bank lending as a legal nullity.The ban, meant to stabilise the local currency, was part of a raft of measures announced on S...Published: 11 May 2022 at 09:12hrs | 439 | by Staff reporter
Dollar o'clock: Should Zimbabwe axe its faltering currency again?
IN early 2019, Zimbabwe's central bank announced plans to bring back the Zimbabwe dollar as legal tender after a decade of using the US dollar and seven other international currencies because raging h...Published: 11 May 2022 at 09:11hrs | 406 | by Staff reporter
Zimbabwe faces implosion
ZIMBABWE is facing an implosion due to myriad challenges and senators have warned that protests may be the order of the day going forward as long as there is no solution to the economic crisis prevail...Published: 10 May 2022 at 17:29hrs | 3403 | by Staff reporter
Mnangagwa, Ncube fret over failing economy
PRESIDENT Emmerson Mnangagwa is fretting over the possibility of losing the 2023 elections at a time Zanu-PF members of Parliament say launching a serious campaign for themselves and their leader will...Published: 10 May 2022 at 17:26hrs | 2467 | by Staff reporter
Reserve Bank of Zimbabwe says bank lending ban 'temporary'
Zimbabwe's freeze on bank lending is a temporary measure which is meant to contain inflation and stabilise its economy, central bank governor John Mangudya told state television on Tuesday.Pre...Published: 10 May 2022 at 15:29hrs | 952 | by Staff reporter
Retailers defy Mnangagwa on pricing
RETAILERS have defied President Emmerson Mnangagwa's directive to adhere to the official interbank rate when pricing goods.On Saturday, Mnangagwa announced a raft of measures aimed at controll...Published: 10 May 2022 at 07:46hrs | 700 | by Staff reporter
NRZ in US$3,5m rolling stock revamp
THE National Railways of Zimbabwe (NRZ) has embarked on a programme to refurbish its rolling stock at a cost of US$3,5 million, in a move expected to improve efficiencies.The project, which in...Published: 10 May 2022 at 07:43hrs | 126 | by Staff reporter
'Mnangagwa's Zimdollar measures show desperation'
THE latest measures by President Emmerson Mnangagwa to halt the sliding Zimdollar are an act of desperation and are not likely to work, analysts have said.Mnangagwa's measures include br...Published: 09 May 2022 at 07:09hrs | 1605 | by Staff reporter
Zimbabwe security forces placed on high alert over planned protests
ZIMBABWE's service chiefs have placed a well-oiled state machinery on high alert, ready to viciously thwart any protests following indications of an impending uprising.Multiple official and se...Published: 07 May 2022 at 06:23hrs | 3444 | by Staff reporter
Polad pushes for currency crisis indaba
CHAIRPERSON of the Political Actors Dialogue (Polad)'s economic thematic committee Trust Chikohora has called for an urgent currency crisis meeting before the economy implodes.Chikohora, who i...Published: 07 May 2022 at 06:19hrs | 674 | by Staff reporter
Zimbabwe power crisis worsens
STRUGGLING national power utility Zesa Holdings has extended a plea for help to big miners by constituting a group called the Energy Intensive Users Group (EIUG) to provide off-take guarantees in hard...Published: 06 May 2022 at 19:28hrs | 442 | by Staff reporter
Mnangagwa claims sabotage
PRESIDENT Emmerson Mnangagwa yesterday appealed to the youth to expose businesses "sabotaging the economy" saying the prevailing economic crisis was being engineered to topple him.Speaking at ...Published: 06 May 2022 at 06:56hrs | 5303 | by Staff reporter
Zimdollar under attack from saboteurs
THE sharp decline in the value of the Zimbabwean dollar is a result of a sustained onslaught on the currency by economic saboteurs, President Emmerson Mnangagwa's government has claimed.Respon...Published: 05 May 2022 at 18:43hrs | 639 | by Staff reporter
Zanu-PF blasts Newsday
The ruling Zanu-PF has blasted attempts by some fanatical private publications that have roped in known Government critic Norton Legislator Hon Temba Mliswa to undermine the name of the President....Published: 05 May 2022 at 18:42hrs | 838 | by Staff reporter
No plans to dump Zimdollar
FINANCE deputy minister Clemence Chiduwa yesterday said the government had no plans to dump the free-falling Zimbabwe dollar, adding that authorities would instead ramp up surveillance and penalise bu...Published: 05 May 2022 at 07:13hrs | 1804 | by Staff reporter
Zinara renews commitment to fix roads
THE Zimbabwe National Road Administration (Zinara) says it will plug all revenue leakages and prioritise improving the country's dilapidated road network.Addressing the 5th Zinara annual gener...Published: 05 May 2022 at 07:12hrs | 406 | by Staff reporter
Zanu-PF sets conditions for Chamisa talks
Zanu-PF yesterday set conditions for talks with opposition Citizens Coalition for Change (CCC) leader Nelson Chamisa, saying he must first publicly distance himself from British politicians.Ad...Published: 04 May 2022 at 07:06hrs | 11135 | by Staff reporter
RBZ blames Russia
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday blamed Zimbabwe's deteriorating crisis on confrontations between Russia and Ukraine as he downplayed economic shocks that were already f...Published: 04 May 2022 at 07:03hrs | 3267 | by Staff reporter
Zimbabwe MP grieves over meagre salaries
LEGISLATORS are prone to corruption and capture by oligarchs because of the meagre salaries they earn, Norton legislator Themba Mliswa has said.The local lawmakers are among the least paid in ...Published: 04 May 2022 at 07:01hrs | 565 | by Staff reporter
Putin to terminate exports and deals with the West
Russian President Vladimir Putin put the West on notice on Tuesday that he could terminate exports and deals, the Kremlin's toughest response yet to the sanctions burden imposed by the United States a...Published: 03 May 2022 at 20:52hrs | 2164 | by Staff reporter
Zimbabwe inflations quickens to 96.4%
Below is the full statement by Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya on the resolutions of the Monetary Policy Committee (MPC) meeting of 29 April 2022.RESOLUTIONS OF THE MONET...Published: 03 May 2022 at 16:25hrs | 1549 | by Staff reporter
Mnangagwa says 'Britain should mind its own business'
MEDDLESOME Britain should focus on problems at home and stop poking its nose into the affairs of Zimbabwe through contrived stories and false oppositional narratives, President Mnangagwa has said....Published: 03 May 2022 at 15:37hrs | 939 | by Staff reporter
Zimbabwe's 'new dispensation' from HERO to ZERO in record time!
The world over, revolutions and events that cause seismic shifts in a country's political landscape, are celebrated and recognized as national holidays.Right here in Zimbabwe, we have April 18...Published: 03 May 2022 at 14:48hrs | 390 | by Stephen Jakes
Zimbabwe teachers down chalks
WORKERS yesterday accused government of making empty promises on improved wages and conditions of service for "too many years", as teachers declared "incapacitation" again.With schools opening...Published: 03 May 2022 at 06:53hrs | 4263 | by Staff reporter
Mnangagwa to copy Putin's currency strategy
Zimbabwe's President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa's worst performing currency. Mnangagwa's administration may announ...Published: 03 May 2022 at 06:43hrs | 2914 | by Staff reporter
FULL TEXT: United Freedom Party Workers' Day statement
As the world marks Workers Day, also known as May Day, the United Freedom Party (UFP) mourns the position of the Zimbabwean worker saying strongly that there is nothing to celebrate given the conditio...Published: 02 May 2022 at 20:19hrs | 269 | by United Freedom Party
'Zimbabwe MPs get a salary of US$180' Temba Mliswa reveals
Norton Member Temba Mliswa says many Members of Parliament are impoverished because they are paid slightly above US$180 for the hard work they do in formulating laws and policies in parliament. ...Published: 02 May 2022 at 11:42hrs | 5271 | by Mandla Ndlovu
School fees shocker
GOVERNMENT and private schools have hiked fees ahead of opening day tomorrow citing the weakening Zimbabwe dollar.While the bulk of schools were still assessing the situation, some private sch...Published: 02 May 2022 at 08:05hrs | 2101 | by Staff reporter
Blending helping reduce fuel prices, claims Zera
ZIMBABWE's fuel could have been much more expensive had it not been for the reintroduction of blending, Zimbabwe Energy Regulatory Authority (Zera) has said, notwithstanding that its price is now the ...Published: 02 May 2022 at 08:03hrs | 257 | by Staff reporter
Business community must be economic actors
IT is a fact that Zimbabwe is in a mess.The fuel and basic commodities' prices are adjusted on a daily or weekly basis.Inflation is at its all-time high in the post dollarisation...Published: 02 May 2022 at 08:02hrs | 61 | by Chief Chiduku
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