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RBZ debt accumulation above US$2 billion
THE US$2,23 billion debt accumulated by the Reserve Bank of Zimbabwe (RBZ) in the 12 months since July 2019 could be grossly understated, as fresh details emerged this week indicating the central bank...Published: 23 Oct 2020 at 08:41hrs | 785 | by Staff reporter
SAA awaits approval to repatriate blocked funds from Zimbabwe
The airline's rescue practitioners, Les Matuson and Siviwe Dongwana, have already accepted the mining company's offer to pay South African Airways (SAA) in exchange for access to its funds in Zimbabwe...Published: 23 Oct 2020 at 08:33hrs | 784 | by Staff reporter
Zimbabwe economy to grow 4,2pc in 2021: IMF
The International Monetary Fund (IMF), this week revealed Zimbabwe's economy will rebound next year and grow 4,2 percent from a decline of 10,2 percent forecast for 2020. The world body's pred...Published: 23 Oct 2020 at 08:23hrs | 292 | by Staff reporter
French company happy with Zimbabwe investments
Saint-Gobain Construction Products Zimbabwe says it is happy to continue with its investments in Zimbabwe despite the numerous challenges facing the national economy.The French-owned company h...Published: 22 Oct 2020 at 13:11hrs | 1247 | by The Anchor
Mnangagwa calls for private sector-govt dialogue
PRESIDENT Emmerson Mnangagwa yesterday called on private players in the economy to dialogue with his government to find ways of improving the country's ease of-doing business and attract direct ...Published: 21 Oct 2020 at 22:17hrs | 1139 | by Staff reporter
Red flag over inflation data
A PROFESSIONAL accountants' body has raised the red flag over factoring blended inflation data during the preparation of statements, saying firms pursuing this model risked distorting their organisati...Published: 21 Oct 2020 at 21:52hrs | 351 | by Staff reporter
The issue of Zimbabwe debt
THIS past Sunday, our church sermon was taken from Nehemiah Chapter 10 and focused on the instructions given to the tribes of Israel which had returned to Israel from exile in Babylon about 400 years ...Published: 21 Oct 2020 at 21:50hrs | 184 | by Eddie Cross
Zimdollar remains solid against Trump's dollar
For the second week running, the Zimbabwe dollar was virtually unchanged against the US dollar at the weekly auction, shifting just one two hundreth of one percent to $81,3499 from last week's $81,345...Published: 21 Oct 2020 at 21:44hrs | 317 | by Staff reporter
Mthuli Ncube told to double devolution allocation
FINANCE minister Mthuli Ncube has been urged to double the allocation of devolution funds to 10% of the national budget as stipulated in the Constitution as compared to the current 5%.The issu...Published: 19 Oct 2020 at 06:26hrs | 1760 | by Staff reporter
Bonuses for civil servants
Since President Mnangagwa came into power in November 2017, the Government has shown commitment to improve the welfare of its workforce.In an interview after touring a food manufacturing and p...Published: 17 Oct 2020 at 12:18hrs | 2013 | by Staff Reporter
IMF lowers Zimbabwe GDP growth further
THE International Monetary Fund (IMF) says Zimbabwe's economy will contract by 10,4% this year, much higher than its earlier prediction of 7,4%, but expects a rebound next year.It also expects...Published: 16 Oct 2020 at 07:24hrs | 1672 | by Staff reporter
De-listing wave hits ZSE
FIVE counters have announced plans to de-list from the Zimbabwe Stock Exchange (ZSE), precipitating fears that a new forex-denominated bourse planned for Victoria Falls could ground one of Africa's ol...Published: 16 Oct 2020 at 07:19hrs | 3395 | by Staff reporter
CVR bottlenecks bleed vehicle insurers
THE Central Vehicle Registry (CVR)'s inability to register vehicles has cost the insurance sector $60 million in mandatory third-party motor insurance premiums, according to the Insurance Council of Z...Published: 16 Oct 2020 at 07:02hrs | 873 | by Staff reporter
RBZ keeps policy rate at 35%
THE Reserve Bank of Zimbabwe (RBZ) said on Monday its monetary policy committee (MPC) had agreed to maintain the policy rate at 35% as part of measures to keepspeculative borrowing at bay....Published: 15 Oct 2020 at 06:43hrs | 386 | by Staff reporter
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | 1957 | by Staff reporter
Econet traffic volumes jump
Listed telecommunications firm, Econet Wireless Zimbabwe, says it recorded gains across voice, data and SMS metrics during the six months to August 31, 2020 as demand for such services spiked due to t...Published: 15 Oct 2020 at 06:33hrs | 537 | by Staff reporter
Teacher pay increased US$30 to 157 pm - 500% pay rise, 838% inflation, etc. = breakneck speed we sinking
"The Public Service Commission is pleased to advise Government workers that the USD 75 Covid 19 allowance for September 2020 is being paid today. Going forward, the USD 75 Covid allowance will be paid...Published: 14 Oct 2020 at 16:24hrs | 5666 | by Nomusa Garikai
Mnangagwa set to reopen borders
THE government yesterday said it has decided to send a team of experts to all ports of entry to assess whether the country is ready to open its borders amid the continued decline in cases of coronavir...Published: 14 Oct 2020 at 07:06hrs | 17537 | by Staff reporter
Zimbabwe annual inflation tumbles to 659%
THE annual inflation rate dropped 101,62 percentage points to 659,4% last month, as recent gains of the local currency against the greenback continue to reflect on its strength.The drop in the...Published: 14 Oct 2020 at 06:35hrs | 732 | by Staff reporter
Zimbabwe's monthly inflation falls as Zimdollar firms
Monthly inflation between mid-August and mid-September fell to 3,83 percent, according to the latest figures from ZimStat, and is likely to continue falling with yesterday's foreign currency auction s...Published: 14 Oct 2020 at 06:27hrs | 772 | by Staff reorter
Doctors were very foolish to bow to Chiwenga demands - without PPE, still susceptible covid-19 military or civilian
Zimbabwe is facing a serious economic crisis brought about by 40 years of gross mismanagement and rampant corruption. The economy has all but collapsed forcing unemployment rate to soar to nauseating ...Published: 13 Oct 2020 at 22:51hrs | 1539 | by Nomusa Garikai
Mthuli Ncube; just like Gideon Gono will be unemployable when he absconds
Former Reserve Bank of Zimbabwe Dr Gono told Trevor Ncube that he has a gym in his home hence he has lost so much weight. But it appears he is melting away before our eyes, we still have to stick to h...Published: 12 Oct 2020 at 07:16hrs | 6605 | by Nomazulu Thata
Zimplats sinks US$200m in Zimbabwe
AUSTRALIAN Stock Exchange-listed resources giant Zimplats is scouring Zimbabwean landscapes to unlock fresh opportunities, possibly bolstered by fresh policies giving foreign investors the right to ho...Published: 12 Oct 2020 at 06:14hrs | 1148 | by Staff reporter
Zimbabwe is missing out on gold's rally
Gold might have rallied to a record high above US$2 070 this year, but policy missteps by the Zimbabwean authorities saw the southern African country missing out on the uplift.Zimbabwe, which ...Published: 11 Oct 2020 at 11:59hrs | 1309 | by Staff reporter
Mthuli Ncube glosses over crisis?
"WE are not shrinking," said Finance minister Mthuli Ncube, while giving an economic update at a press conference last Monday.The minister said that while countries such as the United States, ...Published: 11 Oct 2020 at 10:52hrs | 2379 | by Staff reporter
Zimbabwe's health system in ICU
IN Zimbabwe, pregnant women are left alone in hospitals to give birth, taps have run dry in major urban centres, infrastructure has all but collapsed and more than half the population needs food aid....Published: 11 Oct 2020 at 10:38hrs | 130 | by Bloomberg
'Zimbabwe set to bust sanctions, prosper'
Zimbabwe has started the build-up to this year's edition of the Anti-Sanctions Day on October 25, ratified by SADC to intensify the lobby on lifting of sanctions imposed by the United States and other...Published: 11 Oct 2020 at 10:03hrs | 242 | by Staff reporter
Let's not be a nation of whiners
THE objective of Vision 2030, to create an upper middle-income economy in 10 years or less, cannot be attained if Zimbabweans do not rally under a common national goal.Zimbabwe's abundant land...Published: 11 Oct 2020 at 10:03hrs | 64 | by Allen Choruma
Outcry over steep medical aid subscriptions
MEDICAL aid companies are in the eye of a storm as policyholders are accusing them of ripping them off through drastic increases in contributions, most of which are wiping out their salaries.D...Published: 11 Oct 2020 at 10:02hrs | 188 | by Staff reporter
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 11 Oct 2020 at 10:00hrs | 88 | by Victor Bhoroma
Zimbabwe's business climate can improve
As the Zimbabwe Stock Exchange (ZSE) puts final touches on the infrastructure needed for operations of the Victoria Falls Securities Exchange (VFEX), investors await to see if their major concerns on ...Published: 11 Oct 2020 at 09:57hrs | 169 | by Victor Bhoroma
Prof Steve Hanke's no hyperinflation in Zim comment angers Biti
MDC Alliance Vice President, Tendai Biti, leading that party's Economic Portfolio is this week set to meet representatives of the US Embassy in Harare to express that party's dismay over positive soci...Published: 11 Oct 2020 at 08:07hrs | 2278 | by David Mwanza
Medical aid companies ripping policyholders off
MEDICAL aid companies are in the eye of a storm as policyholders are accusing them of ripping them off through drastic increases in contributions, most of which are wiping out their salaries.D...Published: 11 Oct 2020 at 08:00hrs | 509 | by Staff Reporter
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 10 Oct 2020 at 12:04hrs | 898 | by Victor Bhoroma
Teachers not holding anyone at ransom, but merely demanding the US$475 Zimbabwe govt stealing from each employee
Are we truly living in the same country with those who claim to be our leaders, or do they exist in a parallel universe, that renders them detached from the realities of what is transpiring in the lan...Published: 08 Oct 2020 at 21:56hrs | 2220 | by Tendai Ruben Mbofana
'Teachers must be realistic in their wage demands' - no doubt, expected to survive on fresh air
School closed end of March, at the on set of the nationwide lockdown to contain the spread of corona virus, have just reopened. Many teachers are refusing to go back to work until they are paid living...Published: 07 Oct 2020 at 08:24hrs | 2795 | by Nomusa Garikai
Mudenda, MPs roast Executive for undermining Parly
SPEAKER of Parliament Jacob Mudenda and opposition legislators yesterday took turns to grill Justice minister Ziyambi Ziyambi for allowing members of the Executive to take legislative business lightly...Published: 07 Oct 2020 at 07:05hrs | 1665 | by Staff reporter
Teachers, govt talks face hurdles
NEGOTIATIONS between teachers and government over salaries could hit a snag, with the employer expressing fear that further salary adjustments could trigger inflation and reverse the gains made by gov...Published: 07 Oct 2020 at 07:03hrs | 1143 | by Staff reporter
Regulatory controls constrain EcoCash
ECOCASH'S parent firm, Cassava Smartech Zimbabwe Limited (CSZL) said on Tuesday that performance of the mobile money platform had been hit hard by seven major regulatory directives in the past six mon...Published: 07 Oct 2020 at 06:54hrs | 1069 | by Staff reporter
'Prices of goods to remain stable'
FINANCE minister Mthuli Ncube, said yesterday that Zimbabwe's economy would improve further in the coming months, with prices of basic consumer goods and services expected to remain stable.Add...Published: 06 Oct 2020 at 20:15hrs | 399 | by Staff reporter
Mthuli Ncube scoffs at poverty reports
FINANCE minister Mthuli Ncube has dismissed reports of high poverty levels in the country arguing that the cushion extended by government to vulnerable groups had made "instant impact" and thus elimin...Published: 06 Oct 2020 at 07:10hrs | 935 | by Staff reporter
Zimbabwe's weak opposition falls prey to vultures
CELEBRATING Zimbabwe's main opposition party's 21st anniversary on September 26, MDC Alliance leader Nelson Chamisa tweeted: "MDCA 21st anniversary celebrations ... Thank you beloved and fellow citize...Published: 06 Oct 2020 at 07:09hrs | 878 | by Gumisai Nyoni
Mthuli Ncube says Covid-19 won't hit economy as hard
Zimbabwe's finance minister said on Monday the economy would not be as severely impacted by the Covid-19 pandemic as initially feared and foreign currency inflows had shown resilience.The sout...Published: 05 Oct 2020 at 17:24hrs | 567 | by Staff reporter
WTO commends RBZ
The World Trade Organisation has commended ongoing efforts by authorities to stabilise the country's currency and economy. Speaking during an online review of Zimbabwe's trade policies, WTO Tr...Published: 05 Oct 2020 at 07:08hrs | 1364 | by Staff reporter
UK, US in renewed calls for Zimbabwe reforms
THE United Kingdom (UK) and United States of America (US) have once again accentuated the need for Zimbabwe to implement sound political and economic reforms in order to address the country's crises a...Published: 04 Oct 2020 at 17:13hrs | 1673 | by Staff reporter
Colonial master UK demands end to farm invasions in Zimbabwe
THE United Kingdom (UK) has once again called on President Emmerson Mnangagwa's administration to have meaningful progress on reforms, respect for human rights and the rule of law, stop corruption, an...Published: 04 Oct 2020 at 10:11hrs | 630 | by Zimbabwe Democracy Institute
Chiwenga bans by-elections
Health minister Constantino Chiwenga has amended Covid-19 regulations to stop the holding of parliamentary and municipal by-elections due to be held on December 5.The Public Health (Covid-19 P...Published: 02 Oct 2020 at 17:56hrs | 4563 | by Staff reporter
'Zimbabwe to keep getting IMF technical support'
GOVERNMENT has said it will continue working with international financial institutions (IFIs), including the International Monetary Fund (IMF) after its aborted Staff-Monitored Programme (SMP) with th...Published: 02 Oct 2020 at 07:45hrs | 472 | by Staff reporter
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 1772 | by Staff reporter
Temporary teachers take over exam classes
GOVERNMENT has, in an unprecedented move, put 25 000 temporary teachers on standby for possible takeover from qualified teachers who have been on strike over poor salaries since Monday when schools re...Published: 02 Oct 2020 at 07:25hrs | 1722 | by Staff reporter
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