Search / Inflation
Urban council workers demand $2 500 basic pay
Urban council workers demand $2 500 basic payTHE Zimbabwe Urban Council Workers Union (ZUCWU) has written to all urban councils demanding a minimum basic salary of $2 549 in line with the statutor...Published: 14 hrs ago | 735 | by Staff reporter
Parallel market rates a bubble, says Mangudya
The rapid rise in parallel market foreign currency exchange rates is symptomatic of a bubble as it lacks any fundamental basis and could lead to economic depression, says Reserve Bank of Zimbabwe gove...Published: 14 hrs ago | 1726 | by Staff reporter
Fixed Exchange Rate: More harm than good
The Reserve Bank of Zimbabwe suspended the new managed floating exchange rate and introduced the fixed exchange rate of 1 US Dollar to 25 Zimbabwean Dollars on the 26th of March 2020. Two weeks earlie...Published: 25 May 2020 at 13:24hrs | 1708 | by Victor Bhoroma
Weakening Zimdollar wreaks havoc
MARKET forces have caused havoc on the Zimbabwe dollar on the parallel market, with the exchange rate shooting to US$1:$70.Last week, from Monday to Saturday, the US$:Zimdollar rate plunged ne...Published: 25 May 2020 at 08:02hrs | 1766 | by Staff reporter
COVID-19 delays April inflation stats
THE Zimbabwe National Statistical Agency (ZimStat) says it has delayed the publication of last month's inflation figures due to the COVID-19-induced lockdown that crippled the data collection process....Published: 25 May 2020 at 08:01hrs | 327 | by Staff reporter
Zimdollar crashes
LONG suffering Zimbabweans will have to dig deeper into their pockets to survive, after prices of basic goods went up sharply again at the weekend - on the back of the collapsing Zim dollar.At...Published: 24 May 2020 at 16:50hrs | 9689 | by Staff reporter
Is our money safe in this lockdown?
JUST recently, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya blamed a faceless devil for the economic crisis that a whole new generation now takes as custom.He was right. There is cert...Published: 24 May 2020 at 08:41hrs | 951 | by Tawanda Majoni
EcoCash saga: Arrest highway robbers, not Zinara officials
WHEN highway robbers become a menace, does it make sense for the authorities to solve the problem by arresting Zimbabwe National Roads Administration (Zinara) officials?This has become a burni...Published: 24 May 2020 at 08:38hrs | 1770 | by Brezh Malaba
'Zimdollar under siege again'
The Zimbabwe dollar is once again reeling under unrelenting pressure from speculative activities by crafty individuals seeking personal gain, it has been learnt.The Reserve Bank of Zimbabwe (R...Published: 24 May 2020 at 08:10hrs | 644 | by Staff reporter
EcoCash limits ridiculously low in comparison to similar markets
THE Reserve Bank of Zimbabwe (RBZ) has been on a war path against EcoCash, one of Africa's successful mobile money service. The battle has been tariffs, barring of EcoCash agents and some crazy pronou...Published: 23 May 2020 at 08:50hrs | 1400 | by Staff reporter
Operation restore legacy a failure
Emmerson Mnangagwa's Operation Restore Legacy has dismally failed the litmus test.The progressive Zimbabweans are sick and tired of this regime and are ready to give the system the knock out p...Published: 22 May 2020 at 11:37hrs | 1331 | by Leonard Koni
'Money printing impact is worse than Covid-19'
THE Zimbabwe National Chamber of Commerce (ZNCC) has warned government against printing money to fund the ZW$18 billion Covid-19 Economic Recovery and Stimulus Package saying to do so will have a more...Published: 22 May 2020 at 07:25hrs | 1333 | by Staff reporter
'Over-reliance on China to derail Zimbabwe recovery'
ZIMBABWE is highly exposed to any sharp economic slowdown in China due to what will likely be an overreliance on the Asian economic powerhouse for financial support.There are fears the escalating ...Published: 22 May 2020 at 07:17hrs | 518 | by Staff reporter
Cost of living increases to $7 171
THE cost of living in Zimbabwe skyrocketed by $324 to $7 171 by end of April last month due to an increase in fuel prices, limited supply of basic products as well as panic buying by consumers because...Published: 22 May 2020 at 07:09hrs | 1795 | by Staff reporter
Operation Restore Legacy a failure
PRESIDENT Emmerson Mnangagwa's Operation Restore Legacy has dis-mally failed the litmus test. Zimbabweans are sick and tired of this regime and are ready to give the system the proverbial suck...Published: 22 May 2020 at 07:04hrs | 429 | by Leonard Koni
Mobile money agents' 'illicit' deals exposed
THE Reserve Bank of Zimbabwe (RBZ) through its Financial Intelligence Unit (FIU) has established that most mobile money agent accounts were being abused and used as a conduit for illegal transactions ...Published: 22 May 2020 at 06:26hrs | 1597 | by Staff reporter
Zimbabwe's policymakers are flying blind
...COVID-19 exposes gaps in social infrastructureThe lack of accurate data, which is the lifeblood of any economy, is a disease of incompetent governance and makes informed economic developmen...Published: 21 May 2020 at 19:42hrs | 741 | by Vince Musewe
Mangudya likens money changers to coronavirus
RESERVE Bank of Zimbabwe governor John Mangudya (pictured) yesterday likened parallel market dealers to the coronavirus which is causing havoc to the economy. Appearing before the Parliamentar...Published: 21 May 2020 at 07:56hrs | 1321 | by Staff reporter
RBZ not printing more money, says Mthuli Ncube
FINANCE Minister Mthuli Ncube has said the printing of new $10 and $20 denominations does not translate to the Reserve Bank of Zimbabwe (RBZ) printing more money, but it was merely swapping RTGS balan...Published: 21 May 2020 at 07:12hrs | 2400 | by Staff reporter
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 20:51hrs | 2381 | by Victor Bhoroma
Vic Falls foreign exchange: A potential game Changer
The Zimbabwean government announced that it will soon launch the Victoria Falls Securities Exchange (VFEX) as part of a broader plan to turn the renowned resort town into an offshore International Fin...Published: 20 May 2020 at 14:39hrs | 2941 | by Victor Bhoroma
Harare hit by crime wave amid COVID-19 lockdown, residents organise neighborhood watch committees
The current lockdown currently underway to fight coronavirus pandemic has seen a surge in crime as people are hard-struck to make a decent living in Harare. Residents took to social media time...Published: 20 May 2020 at 07:48hrs | 1569 | by Josiah Mucharowana in Pretoria
'Zimdollar is world's second junkiest currency'
RENOWNED American economist, Steve Hanke says Zimbabwe has the second "junkiest" currency in the world owing to its continued fall.According to Hanke, from end of December 2019 to May 14, the ...Published: 20 May 2020 at 07:27hrs | 1683 | by Staff reporter
Banks to swap RTGS for new notes: RBZ
THE Reserve Bank of Zimbabwe (RBZ) says banks will have to swap RTGS balances for new higher denomination notes, as part of the bank's strategy to keep a firm grip on money supply growth. The ...Published: 20 May 2020 at 06:50hrs | 933 | by Staff reporter
Mnangagwa using coronavirus as cover for arbitrary rule
Movement for Democratic Change (MDC) leader Nelson Chamisa warned that President Emmerson Mnangagwa "opened an avenue to arbitrary rule" when he extended the coronavirus lockdown for an indefinite per...Published: 19 May 2020 at 08:25hrs | 1777 | by Staff reporter
Covid-19 economic stimuli is not alive to a SME driven economy
Zimbabweans cannot reasonably expect President Emmerson Mnangagwa government to handle the twin challenges of the Covid-19 pandemic and the economy without making mistakes. However In times of crisis,...Published: 17 May 2020 at 15:07hrs | 233 | by Brian Sedze
Council yet to approve Egodini building plans
THE Bulawayo City Council is yet to approve detailed building plans of the Egodini Bus Terminus with councillors ordering management to engage the contractors, Terracotta Private Limited to ensure the...Published: 17 May 2020 at 09:23hrs | 303 | by Staff reporter
Withdrawal limit increased
DEPOSITORS will be able to withdraw up to $1 000 weekly starting next Tuesday, the same day when new $10 and $20 notes will be introduced into circulation, the Reserve Bank of Zimbabwe (RBZ) said yest...Published: 16 May 2020 at 07:15hrs | 893 | by Staff reporter
'RBZ higher denominations much ado about nothing'
THE soon-to-be-introduced higher cash denominations by the Reserve Bank of Zimbabwe (RBZ) is too little too late and will be of no effect unless the local currency is stabilised, analysts have said....Published: 15 May 2020 at 08:21hrs | 1494 | by Staff reporter
Clampdown on forex dealers hits importers
IN the wake of the Reserve Bank of Zimbabwe (RBZ)'s latest swoop on several bureaux de change and closure of EcoCash agent facilities in a bid to tame currency volatility and illicit foreign currency ...Published: 15 May 2020 at 08:08hrs | 1476 | by Staff reporter
We always get a govt we deserve
"EVERY nation gets the government it deserves."These words by philosopher Joseph de Maistre might be sarcastic, but are a sober reminder for introspection today.Zimbabwe is touted as o...Published: 15 May 2020 at 07:44hrs | 875 | by Cliff Chiduku
German firm prints, delivers 60 tonnes of Zimbabwe's new bank notes
Zimbabwe on Thursday received 60,000kg (60 tonnes) in freshly-printed higher denomination bond notes, which the central bank says will go into circulation at the end of the month.The RBZ annou...Published: 14 May 2020 at 13:07hrs | 16034 | by Staff reporter
'Infrastructure investments would bolster the Zimbabwean economy'
LISTED financial institution, BancABC, has resolved to prioritise financing infrastructure development projects of national significance as this would boost economic growth. In its financial r...Published: 14 May 2020 at 07:27hrs | 208 | by Staff reporter
Zimbabwe fails to make lockdown payments to 'vulnerable'
Zimbabwe has not made any disbursements from a Z$600 million fund announced in March to support vulnerable people affected by the coronavirus lockdown, ministers admitted on Tuesday.Finance mi...Published: 13 May 2020 at 16:49hrs | 734 | by Staff reporter
Zimbabwe nurses give strike notice
HEALTH workers have given the government a written notice to engage in a strike starting today, a development that could plunge the nation into a health disaster due to the ongoing COVID-19 scourge....Published: 13 May 2020 at 07:46hrs | 2045 | by Staff reporter
'Zimbabwe's financial system is risky: to money laundering' - worse, rotten to core to institutionalised corruption
"Zimbabwe is among 12 countries put under the spotlight by the European Union because it has deficiencies under its Anti-Money Laundering/ Combating the F...Published: 12 May 2020 at 18:16hrs | 2004 | by Nomusa Garikai
Time for the opposition to tighten its belts
Politicians with a self serving agenda must not be given any chance to trample on people's struggle or shrinking the democratic space in the country.Zimbabweans must reject and dispose of poli...Published: 11 May 2020 at 15:14hrs | 690 | by Leonard Koni
Change is nigh, says Mnangagwa's adviser
SHINGI Munyeza, a member of President Emmerson Mnangagwa's advisory council yesterday delivered a hard-hitting sermon on his social media platforms, warning that God was about to effect changes "to fr...Published: 11 May 2020 at 08:28hrs | 4147 | by Staff reporter
'$18 billion stimulus to stoke inflation'
The government's $18 billion stimulus package to breathe life into the local economy battered by the effects of the coronavirus outbreak will worsen inflation because of lack of external funding, a fi...Published: 10 May 2020 at 08:09hrs | 395 | by Staff reporter
Zimbabwe to get new bank notes soon
THE Reserve Bank of Zimbabwe will introduce a new set of higher denomination bank notes over the next few weeks to increase physical money supply and curb prevailing cash shortages.Authorities...Published: 10 May 2020 at 07:32hrs | 1207 | by Staff reporter
Govt scraps 'flexi hours' for health workers
All health workers are now required to report for work everyday instead of selected days per week which came after an arrangement dubbed "flexible working hours". The arrangement was introduce...Published: 07 May 2020 at 11:17hrs | 620 | by Staff reporter
Zimbabwe not recognised among emerging economies
ZIMBABWE has failed to make it to the list of the world's top 66 emerging economies - a list topped by neighbouring Botswana - due to high public and foreign debts and insufficient foreign reserves, a...Published: 07 May 2020 at 00:12hrs | 418 | by Staff reporter
Zimbabwe standing on its last leg, says Think Tank
NKC African Economics says that Zimbabwe's economy is on the verge of collapse and there is need for other countries to help resurrect it. NKC says that the coronavirus had worsened the situat...Published: 06 May 2020 at 08:09hrs | 4340 | by Staff reporter
Mobile telcos adjust SMS, data bundle prices
Zimbabwe's leading mobile network operators (MNOs), Econet and NetOne are adjusting their SMS and data bundle tariffs in what the players say is in line with the rising cost of doing business in the c...Published: 06 May 2020 at 07:39hrs | 675 | by Staff reporter
RBZ closes more EcoCash, OneMoney lines
THE Reserve Bank of Zimbabwe (RBZ) has closed an unspecified number of mobile money agent lines suspected to have been fuelling exchange rate volatility. A source within the central bank's Fin...Published: 06 May 2020 at 07:36hrs | 999 | by Staff reporter
Econet raises data prices by 225%
Econet Wireless hiked data prices by up to 225 percent overnight Tuesday – sparking anger from hard-up Zimbabweans.The increase in data costs could not have come at a worse time for Econet c...Published: 05 May 2020 at 16:06hrs | 1300 | by Staff reporter
Price controls, a clear path to market shortages
The Zimbabwean government passed a price moratorium (prize freeze) on the 22nd of April 2020. The moratorium compels retailers and producers to revert back to the prices that prevailed on the 25th of ...Published: 05 May 2020 at 08:09hrs | 886 | by Victor Bhoroma
Zimbabwe pleads for aid to avert 'collapse' and fight Covid-19
Zimbabwe has pleaded with international institutions to help it clear billions of dollars in debt arrears so the country can avoid economic collapse and unlock funds to fight the coronavirus pandemic....Published: 04 May 2020 at 11:05hrs | 1639 | by James Cotterill I Financial Times
Could There Be Any Hope for Education in Zimbabwe After Covid-19
The corona virus also known as covid-19 caused immediate stoppages of all activities of life as a whole hence formal education especially of children in schools and young people in tertiary institutio...Published: 04 May 2020 at 08:43hrs | 1165 | by Lovejean Ndlovu, Zapu Deputy Secretary For Education- NEC
NetOne sponsorship withdrawal: New details emerge
MOBILE network operator NetOne's decision to pull the plug on its sponsorship of Caps United, Highlanders and Black Rhinos was allegedly influenced by one of the teams' directors, who pestered the com...Published: 04 May 2020 at 07:46hrs | 771 | by Staff reporter
Load More Stories
