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Godongwana controversially allocates R321 million to Western Cape
In a surprising move, Finance Minister Enoch Godongwana has allocated an additional R321 million in basic education funding exclusively to the Western Cape, sparking concerns and calls for transparenc...Published: 31 Oct 2024 at 11:58hrs | 1652 | by Staff reporter
Zimbabwe struggles to meet SDGs
Zimbabwe is grappling with significant development challenges that hinder progress toward the United Nations Sustainable Development Goals (SDGs). This was highlighted during the Zimbabwe United Natio...Published: 27 Sep 2024 at 08:25hrs | 40 | by Staff reporter
Zimbabwe's ballooning US$21 billion debt spirals out of hand
Citizen Coalition for Change (CCC) Mbizo Member of Parliament (MP), Corban Madzivanyika, has raised alarm over Zimbabwe's escalating public debt, which has now surpassed US$21 billion. During a recent...Published: 15 Sep 2024 at 10:06hrs | 1820 | by Staff reporter
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 7515 | by Staff reporter
RBZ makes U-turn
The Reserve Bank of Zimbabwe (RBZ) has announced that holders of non-negotiable certificates of deposit (NNCDs) will now receive tradable government bonds. This decision comes in response to pressure ...Published: 03 Sep 2024 at 15:45hrs | 27529 | by Staff reporter
Zimbabwe central bank says it's intervening in foreign exchange market
Zimbabwe's central bank said it's "strategically intervening" in the foreign-exchange market to meet demand for dollars among lenders amid a slump in the nation's bullion-backed currency.The i...Published: 31 Aug 2024 at 11:14hrs | 629 | by Staff reporter
Zimbabwe treasury defends transit fuel tax
THE new import duty for fuel tankers in transit, paid on entry and refunded on exit, was necessary to curb the abuse of the electronic cargo tracking system, the Permanent Secretary for Finance, Econo...Published: 22 Aug 2024 at 06:28hrs | 252 | by Staff reporter
ZiG uncertainties to frustrate GDP forecasts
Zimbabwe's economic growth prospects are facing serious challenges due to liquidity shortages and a severe drought, according to leading advisory firms and economists. In a recent mid-term bud...Published: 03 Aug 2024 at 12:57hrs | 198 | by Staff reporter
Zimbabwe tourism receipts up 35% to US$241 million
Zimbabwe's tourism receipts rose by 35% to US$241 million in the first quarter of this year, up from US$178 million in the same period last year, driven by increased international and domestic tourist...Published: 30 Jul 2024 at 07:23hrs | 84 | by Staff reporter
Rampant fraud on fuel in transit worries Mthuli Ncube
Finance Minister Mthuli Ncube has proposed a temporary import duty on fuel in transit to other countries to address ongoing issues with transit fraud. In his mid-term budget statement to parli...Published: 26 Jul 2024 at 16:01hrs | 3096 | by Staff reporter
Zimbabwe foreign currency remittances hit US$1,2 billion
FOREIGN currency remittances surged by 16,5% to hit a record US$1,2 billion in the first half of 2024 leaving diasporans standing out as lucrative foreign currency earners for the economy.The ...Published: 26 Jul 2024 at 06:39hrs | 515 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 26 Jul 2024 at 06:32hrs | 366 | by Staff reporter
Zambia seeks Zimbabwe's support for AfDB candidacy
Zambia has sought Zimbabwe's support for its candidate in the 2025 African Development Bank (AfDB) presidency elections, as disclosed by Foreign Affairs and International Trade Minister Ambassador Fre...Published: 21 Jul 2024 at 10:20hrs | 294 | by Staff reporter
CCC voters feel betrayed
Citizens Coalition for Change (CCC) supporters, who voted for their representative in August 2023 harmonised elections, say they feel abandoned following the abrupt resignation of their representative...Published: 07 Feb 2024 at 04:46hrs | | by Staff reporter
Zimbabwe, Botswana urged to establish one-stop border
ZIMBABWE and Botswana must step up implementation of cross-border infrastructural development projects aimed at facilitating regional trade which are central to the attainment of the two countries' so...Published: 07 Feb 2024 at 04:41hrs | 1 | by Staff reporter
Passport removal could boost Zimbabwe-Botswana trade
The agreement between President Mnangagwa and President Mokgweetsi Masisi of Botswana to allow passport-free travel between Zimbabwe and its western neighbour is a trade masterstroke, a political and ...Published: 18 Dec 2023 at 04:52hrs | | by Staff reporter
Mnangagwa cracks whip
PRESIDENT Mnangagwa yesterday cracked the whip on slackening ministers as he charged his troops to keep shoulders on the wheel towards the attainment of the nation's Vision and aspirations.He ...Published: 13 Dec 2023 at 05:12hrs | | by Staff reporter
Telling my Access Finance story
FOLLOWING a recent public announcement by Access Finance Group, a local remittance and financial services company, that its chief executive Singathini Raymond Chigogwana is retiring and would be repla...Published: 05 Oct 2023 at 15:07hrs | 12 | by Senziwani Sikhosana
Mthuli Ncube says Zimbabwe's economy remains on positive trajectory
The country's economy remains on a positive growth trajectory with the prevailing macro-economic stability expected to continue, Finance and Investment Promotion Minister Professor Mthuli Ncube has sa...Published: 03 Oct 2023 at 06:10hrs | 1 | by Staff reporter
Zimdollar firms, exchange premium widens
THE Confederation of Zimbabwe Industries (CZI) said this week the gap between the official and parallel market exchange rates widened to 41% last month as a result of stability in the official forex m...Published: 09 Sep 2023 at 08:51hrs | 2 | by Staff reporter
Zimbabwe produces US$1,1 billion gold
Zimbabwe produced a total of 16 855kg or 594 543 ounces of gold in the first seven months of this year, translating to about US$1,1 billion in value, statistics from Fidelity Gold Refinery (FGR) show....Published: 20 Aug 2023 at 13:14hrs | 3 | by Staff reporter
Reserve Bank of Zimbabwe bails out 3 banks
THE Reserve Bank of Zimbabwe (RBZ) has used its lender of last resort (LoLR) facility to bail out three distressed banks which had run out of liquidity following the steep depreciation of the local cu...Published: 16 Aug 2023 at 06:49hrs | 11 | by Staff reporter
Mthuli Ncube pleads with Zimbabweans to embrace Zimdollar
TREASURY boss Mthuli Ncube has pleaded with Zimbabweans to embrace the local currency for the country to achieve growth and stability objectives of National Development Strategy 1 economic blueprint....Published: 12 Aug 2023 at 07:53hrs | 9 | by Staff reporter
So Mnangagwa govt finally admits local currency wasn't sabotaged after all!
We have said it numerous times before.The Zimbabwe government is lying about saboteurs - who are usually faceless so-called 'regime change agents', supposedly operating in cahoots with 'our de...Published: 11 Aug 2023 at 16:26hrs | 9 | by Tendai Ruben Mbofana
Zimbabwe set to introduce Gold Backed Digital Tokens for daily transactions
THE Reserve Bank of Zimbabwe (RBZ) says plans have now reached an advanced stage to introduce the Gold Backed Digital Tokens (GBDT) as a medium of exchange to be by the public in daily transactions....Published: 11 Aug 2023 at 06:38hrs | 8 | by Staff reporter
Gold tokens to become medium of exchange in Zimbabwe
THE Reserve Bank of Zimbabwe (RBZ) is finalising the modalities of rolling out the gold-backed digital tokens as a medium of exchange for domestic transactions to complement the US dollars, Governor D...Published: 10 Aug 2023 at 06:43hrs | 10 | by Staff reporter
Lukashenko's eagerness for Mnangagwa to win elections casts serious doubts over credibility of deals signed!
Normally, when a national leader visits another country, he is expected - on account of common decency, respect and statesmanship - to keep clear of his hosts' domestic politics. It would have...Published: 01 Feb 2023 at 12:13hrs | | by Tendai Ruben Mbofana
$130 billion Zimdollars earmarked for massive roadworks
ZIMBABWE will double down on road development projects this year, with Treasury and the Zimbabwe National Roads Administration (ZINARA) injecting over $130 billion to rehabilitate about 10 000 kilomet...Published: 15 Jan 2023 at 09:40hrs | | by Staff reporter
Zimbabwe, Botswana tighten noose on cattle rustlers
ZIMBABWE and Botswana have joined forces to deal with cross-border stocktheft.Speaking today at the mid-term review of the third session of the Zimbabwe-Botswana Bi-National Commission (BNC), ...Published: 14 Dec 2022 at 06:41hrs | 9 | by Staff reporter
Botswana reiterates call for sanctions removal on Zimbabwe
Botswana has reiterated calls for the removal of Western-imposed illegal sanctions against Zimbabwe saying they are impeding the country's efforts of becoming a middle-income economy by 2030.B...Published: 14 Dec 2022 at 06:29hrs | 1 | by Staff reporter
'Selfish' CCC MPs defend US$40,000 loans
OPPOSITION Citizens Coalition for Change (CCC) Members of Parliament yesterday said there was nothing wrong in them accepting the US$40 000 housing loans despite criticism by their leader Nelson Chami...Published: 08 Dec 2022 at 05:11hrs | 1 | by Staff reporter
Smaller gold coins trading begins
THE Reserve Bank of Zimbabwe (RBZ) yesterday opened doors for members of the public to walk into any local bank and registered agencies to purchase smaller units of Mosi-oa-Tunya gold coins as an alte...Published: 16 Nov 2022 at 05:13hrs | | by Staff reporter
Beware of the folly of Trojan rulers!
Government, folly of mankind?Barbara W Tuchman is a prolific writer on politics as read through history. I enjoy her take on her subject.But she is American, western, itself an importa...Published: 13 Nov 2022 at 18:07hrs | 1 | by on Saturday
Zimbabwe starts disbursement of 4 500 small gold coins
THE Reserve Bank of Zimbabwe (RBZ) will tomorrow start disbursing 4 500 smaller units of Zimbabwe's Mosi-oa-Tunya gold coins to banks ahead of planned release of the bullion coins in the market on Tue...Published: 10 Nov 2022 at 04:54hrs | 2 | by Staff reporter
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | | by Staff reporter
Zimbabwe tells SA-based citizens to comply with local laws
The Zimbabwean government has urged residents with exemption permits to comply with South African laws after it emerged only a handful had applied for the available mainstream visas.The South ...Published: 20 Oct 2022 at 06:02hrs | | by Staff reporter
Zimbabwe banking sector risks crippling strike over US$ salary portions
PLANS for a crippling strike are hovering above the country's banking sector following the recent denial by the employers' side to honour partial payment of US$ salaries, Zimbabwe Banks and Allied Wor...Published: 20 Oct 2022 at 06:01hrs | 1 | by Staff reporter
Zimbabwe gold deliveries climb to 26 tonnes
Gold deliveries to Fidelity Gold Refinery in the nine months to September 2022 grew by 36 percent to 25,7 tonnes, from 18,9 tonnes in the same period a year earlier, raising the prospect that Zimbabwe...Published: 09 Oct 2022 at 07:50hrs | | by Staff reporter
$9bn gold coins sold as individuals join rush
THE Reserve Bank of Zimbabwe (RBZ) says gold coins worth $9 billion have been sold since July this year, with individuals taking a significant chunk of the bullion, while the Monetary Policy Committee...Published: 28 Sep 2022 at 05:55hrs | | by Staff reporter
Zimbabwe war vets demand Parliament seats
Zanu-PF's war veterans have told President Emmerson Mnangagwa to reserve seats in Parliament exclusively for the 1970s liberation war fighters to preserve the party's rule.Presenting the war v...Published: 15 Sep 2022 at 05:56hrs | 1 | by Staff reporter
Zanu-PF terrified of losing elections since they know their party practically a dead horse with no prospects of ever regaining p
Ever wondered why governing political parties in several democratic countries around the globe are not particularly terrified of losing elections?Of course, the main purpose of any political p...Published: 02 Sep 2022 at 06:45hrs | | by Tendai Ruben Mbofana
Anxiety grips Zimbabwe Exemption Permit holders
THE Government has reaffirmed its commitment to assist thousands of Zimbabwe Exemption Permit (ZEP) holders who are living in South Africa as the 31 December deadline for the expiry of the special per...Published: 28 Aug 2022 at 08:16hrs | | by Staff reporter
Zimbabwe - SA relations: Mnangagwa's cabinet launches propaganda war
THE Zimbabwean government has largely been quite over boiling anger in South Africa on the influx of foreigners who are desperately seeking jobs and free medical treatment, but are enduring xenophobic...Published: 27 Aug 2022 at 20:49hrs | | by Staff reporter
Mnangagwa warns 'dissenting' war vets
PRESIDENT Emmerson Mnangagwa yesterday warned those interfering in operations of the newly formed war veterans' league, saying they must use correct party procedures to air their grievances.Th...Published: 25 Aug 2022 at 06:40hrs | | by Staff reporter
Mnangagwa warns divisive elements
AHEAD of the War Veterans League elective conference next month, President Mnangagwa has called for democratic contestation and acceptance of results, saying divisive tendencies have no place in the r...Published: 25 Aug 2022 at 06:33hrs | | by Staff reporter
Zimbabwe on alert for measles outbreak
Cabinet received an update on the Country‘s Response to the Covid-19 pandemic, and a report on the procurement and roll-out of vaccines, as presented by the Chairman of the National Covid-19 Inter-M...Published: 24 Aug 2022 at 06:36hrs | | by Staff reporter
Mthuli Ncube told to come clean on IMF funds
FINANCE minister Mthuli Ncube has been told to come clean on the utilisation and disbursement of the International Monetary Fund (IMF) Special Drawing Rights (SDR) funds.The Budget and Finance...Published: 22 Aug 2022 at 07:09hrs | | by Staff reporter
Biti as he shreds Mthuli Ncube's supplementary budget
"We have been there before, in 2006, 2007 and 2008, once you begin to budget in trillions, you must know you have lost it. You must know that you have now become an innocent by-stander to the economy....Published: 21 Aug 2022 at 08:50hrs | 7 | by Staff reporter
Zimbabwe MPs revolt over fuel coupons
Legislators on Friday threatened to block Finance minister Mthuli Ncube's mid-term budget as they protested against treasury's failure to provide them with fuel and to cater for their welfare....Published: 21 Aug 2022 at 08:48hrs | 3 | by Staff reporter
Zimbabwe's diaspora remittances hit US$800 million
ZIMBABWE'S diaspora remittances reached US$797 million in the first six months of the year, representing a 23 percent increase in the corresponding period last year.An estimated three million ...Published: 16 Aug 2022 at 06:35hrs | 2 | by Staff reporter
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