Search / Inflation
RBZ statement on the Interbank Foreign Exchange market
Further to the Statutory Instrument 142 of 2019 issued by the Hon. Minister of Finance and Economic Development Prof Mthuli Ncube on the removal of the multi-currency system in Zimbabwe and replacing ...Published: 52 mins ago | 1055 | by RBZ
The civil servants problem
All along I have been thinking that cevil servants understand and know how to deal with their problem. No they don't. Cevil servants don't need a bond note salary increment because it becomes the caus...Published: 7 hrs ago | 1763 | by Clemen Moyo
Mthuli Ncube speaks of Zim dollar imminence
The imminent move to reintroduce the Zimbabwean dollar was first revealed to journalists in a meeting between Finance Minister Mthuli Ncube and media practitioners in an off the record meeting on Sund...Published: 7 hrs ago | 7622 | by Staff Reporter
Civil servants get pay rise
GOVERNMENT has fended off a potentially crippling industrial action in the civil service after President Emmerson Mnangagwa assented to a pay raise for the restive workers effective next month....Published: 11 hrs ago | 7174 | by Staff Reporter
ED now faces tough political choices
AS Zimbabwe's economic turmoil intensifies and the country reaches a crossroads, government security experts and foreign diplomats based in Harare have started drawing scenarios and weighing consequen...Published: 23 Jun 2019 at 17:23hrs | 7037 | by Staff Reporter
'Prices have dropped 19% in US$ terms but soared in RTGS$' says Ncube - scrap RTGS$ then, cowardly lion pulling his own tail
FINANCE Minister Mthuli Ncube says prices of basic goods in terms of RTGS$ were "grossly inflated" adding that Treasury calculations indicate prices were in fact going down. "Prices for b...Published: 23 Jun 2019 at 17:12hrs | 2005 | by Patrick Guramatunhu
Mnangagwa faces riots, palace coup and impeachment
AS Zimbababwe's economic turmoil intensifies and the country reaches a crossroads, government security experts and foreign diplomats based in Harare have started drawing scenarios and weighing consequ...Published: 22 Jun 2019 at 19:58hrs | 9454 | by Staff reporter
Outcry over Zesa security tender
INDIGENOUS security companies have cried foul over the steep bidding fees charged for participating in a Zimbabwe Electricity Transmission and Distribution (ZETDC) tender.ZETDC, a subsidiary o...Published: 22 Jun 2019 at 15:55hrs | 1323 | by Staff reporter
Principles on new currency in place
Government is working on modalities to introduce a new currency, which will be the sole legal tender for domestic transactions as fundamentals have now been put in place, President Mnangagwa has said....Published: 22 Jun 2019 at 01:15hrs | 1724 | by Staff reporter
Mnangagwa must square circle nurses working 2/7 days sick's 24/7demand or step down - cup is full
Zimbabwe's economic meltdown is getting worse and worse by the day! Zimbabwe's nurses announced that their poor wages will only allow them to work two days a week. A few days latter the teache...Published: 21 Jun 2019 at 22:00hrs | 2527 | by Nomusa Garikai
Zanu-PF's power obsession in hunger-stricken nation
THE acquisition of a huge assortment of weapons and ammunition at a time the country's economic crisis is deepening is reflective of government's misplaced priorities, as well as President Emmerson Mn...Published: 21 Jun 2019 at 07:49hrs | 982 | by Staff reporter
Introduction of Zimdollar a disaster
A major economic highlight of the week was the confirmation by the President Emmerson Mnangagwa that Zimbabwe will re-introduce a local currency before year-end. It is our view that our country is not...Published: 21 Jun 2019 at 07:48hrs | 4338 | by Dr Chitambara
Zimbabwe Varsity lecturers to embark on go-slow
University lecturers have announced that they will be embarking on a go-slow after declaring incapacitation due to poor salaries which have largely been eroded by inflation and sky-rocketing prices, w...Published: 21 Jun 2019 at 07:31hrs | 2024 | by Staff reporter
Mnangagwa, Mthuli Ncube must 'unscramble the egg and go back to the basics'
I THOUGHT we had seen everything that this country of ours could throw at us, but the situation right now looks like nothing we have seen before.Prices have quadrupled and continue to rise ine...Published: 21 Jun 2019 at 07:26hrs | 1085 | by Eddie Cross
Chamisa to hire external auditors
The Nelson Chamisa-led MDC is pushing for sweeping changes and restructuring of its internal affairs and financial systems in an effort to endear itself to supporters and attract funding.The p...Published: 21 Jun 2019 at 07:23hrs | 1065 | by Staff reporter
Price Controls won't work - Ziyambi
Justice Minister Ziyambi Ziyambi has said the government would not revert to the old system of price controls to arrest sky rocketing prices in the country as the exercise is not useful. Zimba...Published: 20 Jun 2019 at 20:34hrs | 4204 | by Staff Reporter
Mnangagwa's RTGS$ hits new low
Zimbabwe's interim currency fell to a new low on the black market on Thursday and local firms were demanding payment in U.S. dollars as a hedge against inflation, which is running at its highest in a ...Published: 20 Jun 2019 at 14:46hrs | 8539 | by Reuters
Manyika mocks Mnangagwa's 'voodoo economics'
Opposition Build Zimbabwe Alliance leader Noah Manyika has mocked President Emmerson Mnangagwa for introducing what he described as "voodoo" economics anchored on lack of understanding that the econom...Published: 20 Jun 2019 at 08:02hrs | 1762 | by Staff reporter
ZCTU calls for urgent TNF meeting
IN the face of sky-rocketing prices of basic commodities against stagnant salaries, the Zimbabwe Congress of Trade Unions (ZCTU) has asked Labour minister Sekesai Nzenza to convene an urgent meeting o...Published: 20 Jun 2019 at 08:00hrs | 2096 | by Staff reporter
Sunshine journalism: What happens on cloudy days?
I RECENTLY read on the ZBC website that Information minister Monica Mutsvangwa had "urged the media to write positive developmental stories about Zimbabwe in the new dispensation", and this reminded m...Published: 20 Jun 2019 at 07:58hrs | 161 | by Nqaba Matshazi
Zimbabwe teachers demand just US$200 pay package
TEACHERS have petitioned Parliament demanding that Government immediately releases a teacher salary rescue package of US$200 on top of their RTGS salaries saying earnings have been eroded by inflation...Published: 20 Jun 2019 at 07:55hrs | 1046 | by Staff reporter
Zimbabwe shines to glory despite hardships
Zimbabwe has struggled to improve its deteriorating infrastructure in business, education, and healthcare. Zimbabwe's power grid is overstressed, and power failures have been daily occurrences in...Published: 20 Jun 2019 at 07:17hrs | 4591 | by Dr Masimba Mavaza
Mnangagwa cannot fix Zimbabwe's crisis. He needs Chamisa WRITES Tendai Biti
Zimbabwe is in crisis. But to expect the ruling ZANU-PF government to resolve this is improbable at best. It is, more likely, impossible.Today nearly four out of every five Zimbabweans just ab...Published: 19 Jun 2019 at 17:15hrs | 4796 | by Tendai Biti
MPs demand regular ministerial updates
LEGISLATORS yesterday demanded Cabinet ministers to regularly bring ministerial statements before the House explaining the economic challenges affecting the country.Zvimba North MP Marian Chom...Published: 19 Jun 2019 at 17:04hrs | 535 | by Staff reporter
Eddie Cross turns against Mnangagwa
I thought we had seen everything that this country of ours could throw at us, but the situation right now looks like nothing we have seen before. Prices have quadrupled and continue to rise inexorably...Published: 19 Jun 2019 at 11:39hrs | 22657 | by Eddie Cross
Latest on Mthuli Ncube's resignation
Contrary to reports circulating on social, the Minister of Finance and Economic Development Mthuli Ncube has not resigned from his post as a cabinet Minister. We can authoritatively confirm th...Published: 19 Jun 2019 at 09:29hrs | 33569 | by Mandla Ndlovu
RBZ photocopies Bond notes?
An image of 3 Bond Notes sharing similar serial numbers has resurfaced online. The notes with serial number AE 0600737 have generated speculation that the Reserve Bank of Zimbabwe has resorted to mass...Published: 19 Jun 2019 at 08:52hrs | 17707 | by Mandla Ndlovu
New dispensation a far fetched idea
The much talked about the new republic has dismally failed to live to the billing. The current political and economic challenges in the country has reached another level and with a lot of peop...Published: 18 Jun 2019 at 09:17hrs | 1719 | by Leonard Koni
Nurses on go-slow
NURSES at public health institutions have announced that they are cutting their working hours to two days per week, pending action on their grievances by their employer, failure of which they will dow...Published: 18 Jun 2019 at 08:03hrs | 1297 | by Staff reporter
Zimbabwe's inflation races to 97.85%
Zimbabwe's annual inflation raced to 97.85 percent in May from 75.86 percent the previous month, the national statistics agency Zimstats said on Monday.Month-on-month, prices rose 12.54 percen...Published: 17 Jun 2019 at 19:07hrs | 847 | by Staff reporter
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | 2183 | by Victor Bhoroma
Musina feels effects of Zimbabwe economic slump
SOUTH Africa's border town of Musina has witnessed a slump in business as the number of cross-border traders has dropped drastically due to economic problems of its northern neighbour.Most ret...Published: 17 Jun 2019 at 09:24hrs | 2474 | by Staff reporter
Winter of discontent for Mnangagwa
President Emmerson Mnangagwa's government faces a winter of discontent from restive public sector workers with teachers and health workers giving notice of imminent strikes.Mnangagwa's broke g...Published: 16 Jun 2019 at 20:29hrs | 2405 | by ZimLive
'Will implement fundamentals before scrapping multi-currency' - do in 6 months what fail in 10 years!
"One listener asked how the new currency would be sustained when there is no production. The president (Mnangagwa) said that he would not be cornered into revealing the stages that are to be followed ...Published: 16 Jun 2019 at 20:28hrs | 2693 | by Wilbert Mukori
'Ramaphosa not too stupid to allow SA turn into a Zimbabwe'
A TOP South African politician, businessman and peace consultant says President Cyril Ramaphosa will not be too "stupid" as to allow South Africa to regress into another Zimbabwe.Roelof Petrus...Published: 16 Jun 2019 at 20:28hrs | 1744 | by Staff reporter
Passport shortage leaves Zimbabweans stranded
With Zimbabwe's economy in shambles and political tensions rising, leaving the country seems the best option for many who are desperate for jobs. But those dreams often end at the passport office, whi...Published: 16 Jun 2019 at 20:26hrs | 687 | by AP
Mnangagwa exposes Grace Mugabe
PRESIDENT Emmerson Mnangagwa says former first lady Grace Mugabe owns a staggering 16 commercial farms in a revelation that could re-ignite the public spat between the Zanu-PF leader and his predecess...Published: 16 Jun 2019 at 20:22hrs | 2310 | by Staff reporter
Mthuli Ncube's speech to AfDB boards of governors - Fulltext
Speech by the minister of finance and economic development, Hon. Prof. Mthuli Ncube during the 2019 annual meetings of the boards of governors of the African Development Bank Group: Malabo, Republic o...Published: 16 Jun 2019 at 20:03hrs | 990 | by Mthuli NCube
Here we go again
Mnangagwa has made clear that Zimbabwe will have its own currency again by the end of the year. Economist and former senior MDC MP Eddie Cross says it will be the strongest currency in the region. The...Published: 16 Jun 2019 at 19:04hrs | 669 | by Zimbabwe Vigil Diary
Zanu-PF will 'solve corruption by making it fair' - 'No, it will work. Simple!'
The one thing Robert Mugabe has instilled in his Zanu-PF cronies is the believe that they know what they are doing when in reality they have no clue. Who can ever forget Mugabe's long speeches "full o...Published: 16 Jun 2019 at 19:03hrs | 270 | by Patrick Guramatunhu
Zimbabwe runs out of wheat
Zimbabwe has run out of wheat and bakeries in the country may soon not be able to produce bread.One of the leading bakeries has suspended operations and other major players are holding their b...Published: 16 Jun 2019 at 09:41hrs | 947 | by Staff reporter
Zimbabwe's economic crunch hits passports
With Zimbabwe's economy in shambles and political tensions rising, leaving the country seems the best option for many who are desperate for jobs. But those dreams often end at the passport office, whi...Published: 15 Jun 2019 at 10:45hrs | 7513 | by Farai Mutsaka, The Associated Press
'Zimbabwe inflation to shoot up to 280% by year-end'
INFLATION could end the year around 280% and may rise to stratospheric levels thereafter if a new currency is introduced without preceding macro-economic fundamentals, a local research firm has said....Published: 14 Jun 2019 at 08:26hrs | 1659 | by Staff reporter
Mnangagwa's govt re-ignites currency debate
PRESIDENT Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectivel...Published: 14 Jun 2019 at 08:25hrs | 2084 | by Brett Chulu
Paynet switches off Zimbabwe banks
PAYNET, a subsidiary of Mauritian financial services provider Payserv Africa, has suspended all local financial institutions from its transacting platform after they refused to pay in foreign currency...Published: 14 Jun 2019 at 08:24hrs | 6665 | by Staff reporter
Zimbabwe in austerity-induced recession
"OUTPUT in Zimbabwe is expected to contract in 2019 with a sharp rise in inflation reducing real incomes and foreign exchange shortages constraining activity," the World Bank reports in its Global Eco...Published: 14 Jun 2019 at 08:22hrs | 800 | by Tinashe Kaduwo
New currency unlikely to perform miracles for Zimbabwe
GOVERNMENT'S plans to unveil a new currency by year-end without addressing macro-economic fundamentals could be catastrophic, while the proposed local unit risks suffering the same fate as the defunct...Published: 14 Jun 2019 at 08:21hrs | 1134 | by Staff reporter
A damning indictment on Mnangagwa
PRESIDENT Emmerson Mnangagwa's administration's failure to address the economic challenges bedevilling the country - despite lofty promises - could have been described as spectacular if it were not so...Published: 14 Jun 2019 at 08:20hrs | 2683 | by Owen Gagare
Mthuli Ncube targets price stabilisation
Government's fiscal consolidation measures and other initiatives introduced into Zimbabwe's economic programmes should see prices of goods starting to drop from next month, Finance and Economic Develo...Published: 14 Jun 2019 at 07:48hrs | 1288 | by Staff reporter
Zimbabwe groaning under economic turbulences
Zimbabwe focuses on the economic challenges facing the nation since 2008. The economy is now resembling a run away train towards a bombed bridge. There is great economic improvements at the top with c...Published: 13 Jun 2019 at 18:16hrs | 1545 | by Dr Masimba Mavaza
Load More Stories
