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NEC reviews wages for agricultural sector workers
The National Employment Council (NEC) for Zimbabwe's agricultural industry has announced an upward revision of minimum wages and allowances for workers in the sector, effective from June 1, 2025....Published: 04 Aug 2025 at 08:46hrs | 356 | by Staff reporter
Government investigating defiant school heads
The Ministry of Primary and Secondary Education has launched a crackdown on school heads who defied a government directive barring the expulsion of learners over unpaid fees, insisting that schools mu...Published: 17 May 2025 at 12:16hrs | 101 | by Staff reporter
Bulawayo reveals road rehabilitation plan
The Bulawayo City Council (BCC) has requested authorization to utilize part of its allocation from the Zimbabwe National Road Administration (Zinara) for the procurement of tools, plant, and equipment...Published: 14 Mar 2025 at 06:52hrs | 1876 | by Staff reporter
Zimbabwe central bank speaks on retailers
The Reserve Bank of Zimbabwe (RBZ) has dismissed claims by registered retailers that the country's economic environment is to blame for their operational challenges, pointing instead to gross mismanag...Published: 08 Feb 2025 at 12:30hrs | 184 | by Staff reporter
Zimbabwe central bank cuts exporter retention threshold
The Reserve Bank of Zimbabwe (RBZ) has reduced exporters' foreign currency retention threshold from 75% to 70% as part of efforts to promote the use of the domestic currency, the Zimbabwe Gold (ZiG), ...Published: 07 Feb 2025 at 06:34hrs | 186 | by Staff reporter
'Zimbabwe economy heads for a bloodbath'
Former Finance Minister Tendai Biti has issued a stark warning of a potential economic bloodbath if Zimbabwe does not liberalize its exchange rate and inject liquidity into the economy. His concerns c...Published: 14 Jan 2025 at 14:16hrs | 922 | by Staff reporter
Steve Hanke celebrates the demise of Zimbabwe's ZiG
US-based economist and currency expert Steve Hanke has issued a stark warning about Zimbabwe's economic situation, claiming that the country's inflation rate has reached a staggering 880% per year, de...Published: 27 Sep 2024 at 08:28hrs | 21565 | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 6 | by Tendai Ruben Mbofana
RBZ moves to boost ZiG circulation
The Reserve Bank of Zimbabwe (RBZ) has announced a plan to increase the circulation and divisibility of Zimbabwe Gold (ZiG) coins by urging the public, vendors, and transport operators to obtain coins...Published: 06 Jun 2024 at 07:51hrs | 6 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 16 | by Staff reporter
Zimdollar remains legal tender until month-end
The Zimbabwe dollar remains legal tender for all domestic transactions until April 30, when the Zimbabwe Gold (ZiG) notes and coins will come into circulation, the Reserve Bank of Zimbabwe (RBZ) has s...Published: 10 Apr 2024 at 06:02hrs | 3 | by Staff reporter
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | 13 | by Staff reporter
How Mushayavanhu just removed zeroes from dying currency
Reserve Bank of Zimbabwe governor John Mushayavanhu has issued his maiden monetary policy statement, bringing with him a new gold-backed currency and promises to end the money-printing that tanked the...Published: 07 Apr 2024 at 10:19hrs | 3 | by Staff reporter
RBZ adopts market-based exchange rate
THE Reserve Bank of Zimbabwe (RBZ) has adopted a market-determined system for setting exchange rates, with the auction system being replaced by a refined interbank foreign exchange market which connec...Published: 06 Apr 2024 at 08:06hrs | | by Staff reporter
Zimbabwe forex policy chokes exporters
LISTED agricultural concern Ariston Holdings says the 25% export retention coupled with the huge disparity between the interbank exchange rate and the fair market rate used by suppliers is making some...Published: 31 Jan 2024 at 06:59hrs | 1 | by Staff reporter
Zimbabwe electricity tariffs up 19%
The Zimbabwe Energy Regulatory Authority (ZERA) has approved a request by the Zimbabwe Electricity Transmission and Distribution Company (ZETDC) for a tariff increase of 2 US cents per kilowatt-hour, ...Published: 25 Oct 2023 at 06:34hrs | 24 | by Staff reporter
Zimstats boss 'claimed $4,000 school fees for a fictitious child'
Taguma Mahonde, the Director General of the Zimbabwe National Statistics Agency (ZimStats), made a court appearance on Thursday, facing allegations of fraud for purportedly claiming a $4,000 school fe...Published: 28 Sep 2023 at 17:03hrs | 2 | by Staff reporter
RBZ threatens to shut down businesses, prosecute directors over price hikes
The Reserve Bank of Zimbabwe on Friday threatened "punitive measures" against businesses accused of "illegal forward pricing practices thereby manipulating the foreign exchange rate.""In terms...Published: 10 Jun 2023 at 17:53hrs | 2 | by Staff reporter
Zimdollar's black month
THE official auction and interbank exchange rates rose by about 100% and 150%, respectively, last month marking a significant depreciation of the Zimbabwe dollar, a new report has found.At the...Published: 05 Jun 2023 at 06:53hrs | 1 | by Staff reporter
Zimbabwe millers, retailers in stand-off over mealie meal
The Grain Millers Association of Zimbabwe (GMAZ) says mainstream retail shops have low stocks of mealie meal because they want the product on credit terms at a time the exchange rate is volatile....Published: 04 Jun 2023 at 08:38hrs | 4 | by Staff reporter
Mnangagwa threatens to legislate against foreign currency use
PRESIDENT Emmerson Mnangagwa has, in a yet-to-be-aired interview, declared Zimbabwe will continue using its waning currency despite it fast-losing value.In snippets of the interview shared by ...Published: 02 Jun 2023 at 06:43hrs | 1 | by Staff reporter
Kombi operators hike fares
COMMUTER omnibus operators in Bulawayo have increased fares in local currency by almost 100 percent.This has drawn condemnation from commuters who feel the hike is unjustified given that the p...Published: 07 Apr 2023 at 09:11hrs | | by Staff reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 159 | by Staff Reporter
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | | by Victor Bhoroma
Bulawayo forex discounts endorsed
BULAWAYO residents are going to get a 50 percent discount for settling their rates in foreign currency, while industries will have a 30 percent discount after councillors endorsed the resolution which...Published: 14 Aug 2022 at 07:20hrs | 10 | by Staff reporter
Payment for goods priced in black-market rates suspended?
All payments have been suspended for goods supplied to Government ministries, departments and agencies and possibly priced using black market exchange rates with procuring units now compelled to do du...Published: 12 Aug 2022 at 06:34hrs | 2 | by Staff reporter
When a president is forced to donate food to a starving nation then it proves he has failed as a leader!
When a country reaches a level - whereby, the president donating food to starving school pupils, who had cried out to him in desperation for help, is touted as a sign of good leadership and progress -...Published: 05 Aug 2022 at 09:50hrs | | by Tendai Ruben Mbofana
BCC offers domestic debtors 50% discount
BULAWAYO City Council (BCC) is now offering a 50% discount to domestic debtors and 30% to industrial debtors paying their bills in foreign currency.Councils began indexing rates in foreign cur...Published: 04 Aug 2022 at 06:46hrs | 1 | by Staff reporter
Flour price goes up
THE price of bread is likely to go up after flour prices rose by 10% yesterday.This comes after the Grain Marketing Board increased its wheat prices to millers by 8% from $239 360 to $258 416 ...Published: 13 Jul 2022 at 07:21hrs | 3 | by Staff reporter
'Exclusive USD pricing illegal'
PRICING of goods exclusively in US dollars remains completely illegal and businesses not accepting local currency payments for every product should stop the illegal practice forthwith or risk having t...Published: 13 Jul 2022 at 07:18hrs | 1 | by Staff reporter
'Zimdollar at risk of complete rejection'
ZIMBABWE'S local currency is at "risk" of being shunned if runaway inflation isn't quelled, the country's largest business group said.Policy interventions implemented by authorities over the l...Published: 07 Jul 2022 at 08:22hrs | 7 | by Staff reporter
Interbank rate now sole legal rate, huge penalties for breaches
The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...Published: 29 Jun 2022 at 07:42hrs | 1 | by Staff reporter
Delta subsidiaries in revenue fix
BEVERAGES manufacturer Delta Corporation Limited says the volatility of the exchange rate-driven inflation is pressuring its operational costs and hurting the revenue generation capabilities of its fo...Published: 17 Jun 2022 at 08:55hrs | 1 | by Staff reporter
1 748% hike in hospital fees
GOVERNMENT has hiked user fees at public hospitals by 1 748%, prompting analysts to warn of an upsurge in home deaths.New adult and children consultation fees have been pegged at US$12 and US$...Published: 08 Jun 2022 at 09:00hrs | 3 | by Staff reporter
Food insecurity now a perennial threat
Zimbabwe is set to import 400 000 metric tonnes (MT) of Maize from Zambia and Malawi to be delivered this June to alleviate a food crisis in the country. This will cost the country at least US$120 mil...Published: 08 Jun 2022 at 07:12hrs | 4 | by Victor Bhoroma
Zimdollar tanks to $308,5 against USD at forex auction
THE Zimbabwean dollar further weakened against the United States dollar at the weekly forex auction system on Tuesday where it traded at $308,5 to the green back.Last week the local curr...Published: 02 Jun 2022 at 06:43hrs | 7 | 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 | 1 | by Staff reporter
44,36% salary hike for mine workers
THE National Employment Council (NEC) for the mining industry has awarded workers a 44,36 percent basic salary increase across the board, a development which would see the lowest paid employee earning...Published: 01 Mar 2022 at 05:32hrs | 2 | by Staff reporter
Zimbabwe inflation seen closing year at 62%
ZIMBABWE'S annual inflation, in a best case scenario, is projected to close the year at 62,17%, driven by persistent food inflation, researchers at Inter Horizon Securities (IH) have said.In a...Published: 21 Feb 2022 at 05:32hrs | | by Staff reporter
Zimsec 'O' Level examiners threaten to strike
ZIMBABWE Schools Examination Council (ZIMSEC) ordinary level results could be thrown into jeopardy after examiners marking last year's examinations threatened to strike over outstanding allowances....Published: 16 Feb 2022 at 05:27hrs | 1 | by Staff reporter
Mnangagwa corrupt and totally ignorant, says Steve Hanke
UNITED States economist and currency expert Steve Hanke has accused President Emmerson Mnangagwa of corruption and being "totally ignorant" as the Zimbabwean dollar keeps losing value.The para...Published: 15 Oct 2021 at 06:21hrs | | by Staff reporter
New salary offer for civil servants
A technical team constituted by the Government is set to table a report this week that will determine a new salary offer that will be taken by the employer to its workers as negotiations over civil se...Published: 23 May 2021 at 07:33hrs | 1 | by Staff reporter
Mineworkers get 22% wage increase
MINING sector workers have been awarded a 22 percent wage increase, which will see the lowest paid employee for the period October to December 2020, earning a basic salary of ZWL$18 000.Previo...Published: 21 Oct 2020 at 16:49hrs | | 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 | | by Staff reporter
Schools demand US dollar fees
SCHOOL headmasters are proposing charging fees in United Sates dollars or the equivalent at the interbank exchange rate, saying the local currency's volatility duringthe COVID-19-induced school cl...Published: 07 Sep 2020 at 06:38hrs | 1 | by Staff reporter
Zimdollar rates tumble ahead of monetary policy
THE Reserve Bank of Zimbabwe (RBZ) is expected to announce the Mid-Term Monitory Policy statement in the coming days.The market is not anticipating major changes to the country's economic fort...Published: 06 Sep 2019 at 07:40hrs | 6 | by Victor Bhoroma
'ZCTU will protest until Mnangagwa listens'
THE Zimbabwe Congress of Trade Unions (ZCTU) says the country was now in a humanitarian crisis and accused government of ignoring the plight of workers and of downplaying the impact of its austerity m...Published: 26 Aug 2019 at 07:04hrs | 2 | by Staff reporter
Does Brother Mthuli Ncube live in Zimbabwe?
Hope is the expectation, against all rational considerations, that desires will be fulfilled miraculously.When the "new dispensation" was introduced in Zimbabwe, we hoped against past experien...Published: 18 Aug 2019 at 09:51hrs | 1 | by Kennet Mufuka
Mthuli Ncube's 'illegal' budget causes chaos in parliament
THERE was chaos and drama in Parliament yesterday as tempers flared when Finance minister Mthuli Ncube and Justice minister Ziyambi Ziyambi ignored issues raised by opposition MDC Alliance MPs and Nor...Published: 09 Aug 2019 at 07:31hrs | | by Staff reporter
Zimbabwe MPs demand $3 000 accommodation allowances
LEGISLATORS on Tuesday demanded that Finance minister Mthuli Ncube give them money so that they find their own accommodation in Harare instead of using hotels which Treasury was failing to pay for, re...Published: 08 Aug 2019 at 07:53hrs | | by Staff reporter
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