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Mthuli Ncube wants 'fiscal shock'
Newly-appointed Finance minister Mthuli Ncube would like to employ a "big bang" economic reform programme to the battered economy where unemployment is running above 80%, but recognises politics will ...Published: 6 hrs ago | 502 | by Staff reporter
Raw sewage in streets of Harare
Raw sewage flows freely in some streets of Zimbabwe's capital, posing a deadly challenge to the recently elected president who has promised the troubled country a new dawn.A cholera outbreak h...Published: 22 Sep 2018 at 12:28hrs | 3602 | by AFP
'Mthuli Ncube should grow a thick skin'
Prominent economist and former MDC executive member, Eddie Cross, has urged the new Finance Minister, Mthuli Ncube, to grow a thick skin and resist executive pressure to push him to spend more than wh...Published: 22 Sep 2018 at 09:30hrs | 1117 | by Staff reporter
Mthuli Ncube sweats over funding
NEWLY-MINTED Finance minister Mthuli Ncube this week set sail for the United States, together with President Emmerson Mnangagwa, for the United Nations General Assembly in New York where he will engag...Published: 21 Sep 2018 at 14:46hrs | 7086 | by Staff reporter
Currency reform answer to Zimbabwe's economic woes
THE success of the new Government's effort to transform the country's economy, both in the immediate and future term hinges on addressing the currency reform problem. The vision of the Government is t...Published: 21 Sep 2018 at 06:44hrs | 333 | by Bongani Ngwenya
Forex crisis vexes Mnangagwa
AROUND mid-day on Tuesday, a decorated procession blasted off State House, its lash green lawns and flowering jacaranda trees complimenting to give breathtaking scenery.It was a long processio...Published: 20 Sep 2018 at 18:56hrs | 5089 | by Staff reporter
Mnangagwa fortifies his political power
President Emmerson Mnangagwa moved to consolidate his power yesterday when he appointed his longtime confidante and loyalist Owen "Mudha" Ncube as the country's new State Security minister.He ...Published: 20 Sep 2018 at 13:15hrs | 5565 | by Staff reporter
Corporates and cholera philanthropy
IT was recently reported that Econet Zimbabwe founding chief executive officer and now majority shareholder, Strive Masiyiwa issued a social media statement that questioned the transparency of the use...Published: 20 Sep 2018 at 07:09hrs | 184 | by Takura Zhangazha
Gweru chases money changers off the streets
Gweru City Council's blitz against illegal vending has extended to unregistered money changers, with the local authority threatening to confiscate their cash if they resist.Municipal police, i...Published: 19 Sep 2018 at 07:26hrs | 2298 | by Staff reporter
Zimbabwe economy in safe hands
THE appointment of a leaner Cabinet by President Emmerson Mnangagwa is not only welcome, but also goes a long way in demonstrating that the President listened to the people, mindful of the need to man...Published: 19 Sep 2018 at 07:25hrs | 1228 | by Daniel Ngwira
Mixed reactions to Mnangagwa speech
ANALYSTS largely welcomed President Emmerson Mnangagwa's State of the Nation Address, but felt he had not properly addressed the currency distortions in the market.Economist Prosper Chitambara...Published: 19 Sep 2018 at 07:19hrs | 1304 | by Staff reporter
Edgars basks in high profit
LISTED clothing giant Edgars Group's profit after tax spiked to $1,9 million for the 26 weeks period ended July 8, 2018 compared to $567,499 in the same period last year, backed by growth in sales and...Published: 19 Sep 2018 at 07:00hrs | 302 | by Staff reporter
Mnangagwa must consider Mthuli Ncube's proposals
WHEN President Emmerson Mnangagwa addressed the nation yesterday, there was hope that he would give a clear strategy towards addressing the currency distortions that have left the country on an econom...Published: 19 Sep 2018 at 06:28hrs | 319 | by Editorial - newsday
Chamisa's MPs walk out on Mnangagwa
THE government has secured $500 million in foreign credit facilities to ease a cash crisis that has crippled local industry, President Emmerson Mnangagwa said yesterday at the official opening of the ...Published: 19 Sep 2018 at 06:27hrs | 1517 | by Staff reporter
Mnangagwa says no to return of Zimdollar
According to Zimbabwe's new president, conditions are not yet right for foreign currencies to be replaced by the Zimbabwean dollar.Zimbabwe's new president on Tuesday ruled out an early return...Published: 18 Sep 2018 at 19:37hrs | 10886 | by AFP
ZCTU honours 2006 torture victims
THE Zimbabwe Congress of Trade Unions (ZCTU) has honoured its members who were brutally tortured by police on September 13 2006 after spearheading countrywide protests against social injustices by for...Published: 18 Sep 2018 at 07:48hrs | 329 | by Staff reporter
US$ black market rate spirals
Exchange rates on Zimbabwe's parallel market have risen sharply in the past week to 100% for real time gross settlement (RTGS) transfers, triggering fears of more price increases.Zimbabwe's ch...Published: 18 Sep 2018 at 07:42hrs | 4472 | by Staff reporter
Zimbabwe inflation breach danger zone
Zimbabwe's annual inflation rate rose 0,54 percent to 4,83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. This was a marginal uptu...Published: 18 Sep 2018 at 06:28hrs | 639 | by Staff reporter
Mthuli Ncube gets shock reality check
NEWLY-appointed Finance minister Mthuli Ncube - who arrived in the country from Switzerland early this week amid a populist storm and blaze of publicity on how to fix Zimbabwe's critically broken econ...Published: 14 Sep 2018 at 16:27hrs | 13059 | by Staff reporter
Wheat shipments to avert bread crisis expected soon
Grain millers yesterday said shipments of wheat are expected into the country from Monday next week, alleviating a possible shortage of bread following interventions by the Reserve Bank of Zimbabwe (R...Published: 14 Sep 2018 at 06:33hrs | 552 | by Staff reporter
Mthuli Ncube inspires economic optimism
THE appointment of a new-look cabinet last Friday by President Emmerson Mnangagwa has inspired great optimism for the nation.The appointment of a young and daring technocrat in the field of ma...Published: 14 Sep 2018 at 06:00hrs | 1979 | by Staff reporter
RBZ creating artificial money to fund gold exports
THE Reserve Bank of Zimbabwe (RBZ) plans to flood the banking system with more transferable balances created through real time gross settlement (RTGS) intended to support gold exporters in a desperate...Published: 13 Sep 2018 at 06:27hrs | 724 | by Staff reporter
Mnangagwa has changed Zanu-PF into a fresh new-look organisation
Political analysts say President Emmerson Mnangagwa's new Cabinet - in which he dumped both friends and foes alike on Friday last week - demonstrates that he is determined to reset the government's co...Published: 12 Sep 2018 at 20:01hrs | 5117 | by Staff reporter
Mnangagwa exposed - Truth is out
How could the president that carries people's hopes misfires so early in his mandate as president of the republic of Zimbabwe. I never thought the day would come when the tax payer's money is wasted a...Published: 12 Sep 2018 at 10:19hrs | 26238 | by Ntombizanele Ndlovu
To introduce or not to introduce domestic currency in the short run, that is the question!
By "To be or not to be" is the manner the literary genius William Shakespeare chose to employ as an opening of a soliloquy for Prince Hamlet in the play Hamlet. "To re-introduce or not to re-introduce...Published: 11 Sep 2018 at 16:08hrs | 1714 | by Prosper Munyedza
Mthuli Ncube has a cash crisis plan
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube says government expects to announce a plan to tackle the on-going currency crisis by month-end and confirmed that he expects to r...Published: 11 Sep 2018 at 13:43hrs | 6317 | by Staff reporter
Why technocrats succeed or fail in the Zanu government
Apologies for boring you with citing in full Mukoma Muzivazvose Google's definition of technocrats. However, this will help some of us to know a bit about technocrats in view of recently appointed min...Published: 10 Sep 2018 at 07:01hrs | 512 | by Ndaba Nhuku
Mnangagwa's new Cabinet raises Zimbabwe hopes
President Emmerson Mnangagwa's new Cabinet has raised fresh hopes among long-suffering Zimbabweans that his administration could finally end the misery and despondency that characterised life under fo...Published: 09 Sep 2018 at 17:19hrs | 5855 | by Staff reporter
Causes of liquidity crisis and its impact on economy
DURING the past week, the media has been awash with reports of price hikes of goods and some commodities running out on the market.Products ranging from cement to chickens and other basic comm...Published: 09 Sep 2018 at 08:38hrs | 453 | by Dr Bongani Ngwenya
Mthuli Ncube lays out his plan for Zimbabwe
The people of Zimbabwe will prosper only when Government can lay the foundation of a stable macroeconomic environment that will encourage investment from home and abroad.The key to creating su...Published: 09 Sep 2018 at 08:19hrs | 6871 | by Staff reporter
Mnangagwa accused of 'name bombing'
Smarting from his failure to wrestle power from Zanu-PF, the main opposition MDC Alliance leader Nelson Chamisa has poured cold water on rave views on Mnangagwa's government cabinet appointments sayin...Published: 08 Sep 2018 at 20:51hrs | 5406 | by Staff reporter
Mnangagwa, Chiwenga 'rift' may paralyse govt
UNDERLYING tensions between President Emmerson Mnangagwa and one of his deputies, retired General Constantino Chiwenga, over power struggles, risks distracting the new administration from tackling a p...Published: 07 Sep 2018 at 07:37hrs | 10990 | by Staff reporter
ZTA to restore Bulawayo's tourism legacy
ZIMBABWE Tourism Authority (ZTA)'s chief executive Karikoga Kaseke yesterday said they were committed to restoring Bulawayo's tourism legacy.Addressing a media briefing, Kaseke said they were ...Published: 07 Sep 2018 at 07:18hrs | 213 | by Staff reporter
Mnangagwa urged to 'Scrap bond notes'
PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrog...Published: 06 Sep 2018 at 15:46hrs | 7328 | by Staff reporter
War vets rap Chamisa's MDC Alliance for conniving with 'imperialist handlers'
THE Zimbabwe National Liberation War Veterans' Association (ZNLWVA) has blamed the opposition for conniving with their "imperialist handlers" to cause the worsening economic situation in the country, ...Published: 06 Sep 2018 at 06:47hrs | 561 | by Staff reporter
Zimbabwe economy skids
Analysts have raised fears that the country's troubled economy could soon plunge into another full blown crisis akin to the ugly 2008 hyper-inflationary era — unless the government acts urgently to ...Published: 05 Sep 2018 at 15:46hrs | 1909 | by Staff reporter
Mnangagwa blamed for failure to address 'legitimacy' issues, prices soar
THE prices of basic commodities have risen sharply since elections held on July 30 to levels that are too high for a dollarised economy.The bout of inflation is blamed on excessive government ...Published: 04 Sep 2018 at 06:50hrs | 2289 | by Staff reporter
Water woes stall Steel Makers' re-opening
THE prevailing water shortage in Masvingo has stalled the re-opening of Steel Makers Sponge Iron plant. Masvingo city has been battling a serious water shortage following the breakdown of two pumps at...Published: 04 Sep 2018 at 06:27hrs | 318 | by Staff reporter
Stanbic calls for economic reforms
STANBIC Bank (Stanbic) has called for currency reforms and measures to support industrial growth, foreign currency generation and price stability in order to put an end to "turbulence in the operating...Published: 03 Sep 2018 at 06:32hrs | 831 | by Staff reporter
New faces needed to return trust, inspire growth
So President Emmerson Mnangagwa's term of office is now underway as the clock started ticking the minute he was inaugurated and took oath of office. He is aware of what lies ahead and the burden of ch...Published: 03 Sep 2018 at 06:25hrs | 110 | by Tapiwa Gomo
Cement disappears from market
A serious shortage of cement has hit Harare with the few outlets that have the product selling it at double the official price.In a snap survey yesterday, the majority of hardwares and other o...Published: 02 Sep 2018 at 09:23hrs | 659 | by Staff reporter
Mnangagwa's likely trajectory
THE most significant political fact about Zimbabwe today is that it is mired in a complex and turbulent multi-dimensional transition of which the just-ended elections were a part. The bitterly contest...Published: 01 Sep 2018 at 13:48hrs | 3158 | by Eldred V Masunungure
Chamisa lawyer in eye of legal storm
VETERAN lawyer Munyaradzi Paul Mangwana has said the conduct by Advocate Thabani Mpofu of criticising the Constitutional Court (Concourt) judgment that dismissed his client's presidential election pet...Published: 30 Aug 2018 at 06:09hrs | 4552 | by Staff reporter
ED must now manage the economy, Pfee to prosperity
In every country, the government takes steps to help the economy achieve the goals of growth, full employment, and price stability. the government must influence economic activity through two approach...Published: 28 Aug 2018 at 23:08hrs | 952 | by Dr Masimba Mavaza
Repatriation of Stevenson body underway
Preparations for the repatriation of the remains of late Zimbabwean ambassador to Senegal and The Gambia Mrs Trudy Stevenson are underway in the north western African country.In a telephone in...Published: 28 Aug 2018 at 20:07hrs | 1422 | by Staff Reporter
NMBZ records half-year profit before tax of $11,8 million
NMBZ Holdings, NMB Bank's holding company, recorded a profit before tax of $11 757 594 for the half-year ended June 30, 2018, resulting in total comprehensive income of $9 086 483.This was an ...Published: 28 Aug 2018 at 16:19hrs | 681 | by Agencies
Full Ruling: Constitutional Court verdict on Nelson Chamisa's presidential petition
This is a unanimous judgement of the court. It must be noted however that it does not at the moment contain the full reasons thereof. These will be issued in due course when a fully-dressed judgement,...Published: 27 Aug 2018 at 10:20hrs | 2837 | by Sithabile Mafu
Foreign Diplomats call for peace, unity
FOREIGN diplomats and some opposition party leaders have urged Zimbabweans to bury the hatchet and unite in rebuilding the country.Speaking shortly before President Mnangagwa's inauguration at...Published: 27 Aug 2018 at 06:52hrs | 1239 | by Staff Reporter
Zimbabwe government shells out $60 million treasury bills
Government's debt to Premier Service Medical Investment (PSMI) is set to increase on account of future interest costs after it approved a $60 million issue of treasury bills (TBs) to refinance and rol...Published: 26 Aug 2018 at 06:43hrs | 1954 | by Staff Reporter
Jonathan Moyo mocks Chief Justice Malaba over ruling on Chamisa's election petition
Former Zanu PF politburo member Jonathan Moyo has rapped Chief Justice Luke Malaba for being bias in his discharge of Judgement, which threw away MDC Alliance leader Nelson Chamisa's election Challeng...Published: 25 Aug 2018 at 06:42hrs | 20874 | by Stephen Jakes
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