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Headmasters confront govt over Zimdollar salaries
HEADMASTERS from government schools across Zimbabwe have put their employer on notice to press for United States dollar salaries starting from the forthcoming term.School heads and teachers ar...Published: 03 Jan 2024 at 05:30hrs | 13 | by Staff reporter
Zimbabwe govt ill-treating its diaspora citizens
RECENT legislative developments in Zimbabwe portray the government as being only interested in its diaspora-based citizens when it wants them to contribute to the country's economic development and mo...Published: 06 Feb 2023 at 04:54hrs | | by Padmore Kufa - Zimbabwe Diaspora Vote Initiative
Millers back fresh policies
ZIMBABWE'S milling industry have showered praises on under fire Finance minister, Mthuli Ncube for "continued strenuous efforts" in maintaining fiscal discipline to rebuild the troubled economy....Published: 29 Aug 2021 at 07:13hrs | 4 | by Staff reporter
'Zimbabwe has no price distortions'
GOVERNMENT has denied there is a three-tier pricing system with Industry and Commerce deputy minister RajeshKumar (Raj) Modi claiming the 2019 Monetary Policy Statement (MPS) by Reserve Bank of Zimbab...Published: 13 May 2019 at 16:19hrs | | by Staff reporter
Rebirth of the Zimdollar
Zimbabwean central bank authorities have a traceable record of overnight monetary policy changes. Memories of the former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono era of monetary policy hip-...Published: 19 Apr 2019 at 11:09hrs | 2 | by Paddington Masamha
Zimbabwe needs a weak currency to stimulate production, exports
Shortly after the government was sworn in August 2018, they agreed to an economic and monetary reform programme. Since then, much of this ambitious plan has been implemented and the consequences have ...Published: 17 Apr 2019 at 07:15hrs | 3 | by Eddie Cross
Zimbabwean mobile network operators, Potraz on collision course over pricing
Zimbabwean mobile network operators (MNOs) are up in arms with the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) over the ICT industry regulator's alleged intransigence o...Published: 27 Mar 2019 at 15:37hrs | 1 | by Staff reporter
Minister dismisses fuel hike reports
THE Minister of Energy and Power Development Joram Gumbo yesterday dismissed reports circulating on social media that fuel prices will increase. The reports claimed that fuel industry stakehol...Published: 01 Mar 2019 at 18:15hrs | 1 | by Staff reporter
Monetary policy statement, an admission of failure
On February 20, Reserve Bank of Zimbabwe governor, John Mangudya, issued his monetary statement which contained both admissions of failure in the economy and a topsy-turvy aspiration for an immediate ...Published: 25 Feb 2019 at 08:25hrs | 1 | by Tapiwa Gomo
Exposed: The men who are causing mass suffering in Zimbabwe
The Reserve Bank Governor gave a monetary policy statement which was exactly two months late. The delay was caused by a power struggle within those in finance corridors of power namely the minister of...Published: 25 Feb 2019 at 07:36hrs | 3 | by Dr Masimba Mavaza
Eddie Cross hails Monetary Policy Statement
ECONOMIST and former MDC legislator Mr Eddie Cross has hailed the 2019 Reserve Bank of Zimbabwe (RBZ) Monetary Policy Statement and believes it will play a major role in stabilising the pricing system...Published: 21 Feb 2019 at 22:32hrs | 1 | by Staff reporter
Mangudya formally devalues the bond...introduces new currency
The RBZ officially introduced a new currency despite days of denial by the Zanu PF government including the Ministry of Finance and the RBZ.Again the Monetary statement fails to deal with the ...Published: 21 Feb 2019 at 06:38hrs | | by Jacob Mafume
Mangudya in monetary policy fix
DISCORD between Reserve Bank of Zimbabwe (RBZ) governor John Mangudya and Finance minister Mthuli Ncube over policy issues around currency reforms has delayed the presentation of the monetary policy s...Published: 08 Feb 2019 at 08:48hrs | | by Staff reporter
Mangudya to present monetary statement
The governor of the RBZ, John Mangudya whose first term of office ends this April is expected to present his Monetary Policy Statement (MPS) against the backdrop of rising inflation a curremcy dilemma...Published: 31 Jan 2019 at 10:20hrs | 1 | by Staff reporter
'Float or demonetise bond notes,' says experts
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya is this week expected to present the monetary policy statement amid calls that he should address the deep-seated currency challenges which are aff...Published: 27 Jan 2019 at 19:18hrs | 1 | by Staff reporter
Electronic transactions usage in remote areas surges
THE use of mobile and Internet-based transactions in remote areas has been on an upward trajectory with the generality of the country's populace embracing modern modes of payment.A snap survey...Published: 30 Dec 2018 at 10:13hrs | 2 | by Staff reporter
Bread prices go up 100% in Zimbabwe
LOBELS Holdings has hiked the price of bread by 100% from $1,10 per loaf to $2,20 with effect from today, citing the constant rise in the cost of inputs as the reason for the hike.The announce...Published: 27 Oct 2018 at 08:25hrs | 2 | by Staff reporter
Good move Mr Mnangagwa for lifting imports ban
THE government's decision to strike off portions of Statutory Instrument 122 of 2017 to increase the flow of basic goods into the market ahead of the festive season and ease pressure on foreign curren...Published: 25 Oct 2018 at 06:41hrs | | by Staff reporter
Mnangagwa to flush out economic saboteurs
GOVERNMENT has embarked on a price monitoring system along the production chain from manufacturer to the retailer in a move meant to flush out economic saboteurs unjustifiably profiteering from basic ...Published: 17 Oct 2018 at 06:39hrs | | by Staff reporter
Nkosana Moyo offers free advice to Mnangagwa and Mthuli Ncube
Statement on Fiscal and Monetary StatementsThe population is trying to understand what happened on 1st. October. Should they be happy, unhappy or indifferent?As APA and in my own capac...Published: 09 Oct 2018 at 11:58hrs | 1 | by Nkosana Moyo
RBZ's monetary policy statement: 'It's the bond notes, stupid'
The monetary policy statement issued by the Reserve Bank of Zimbabwe (RBZ) on 1 October 2018 served as a precursor of how the new dispensation will handle economic and financial policies going forward...Published: 07 Oct 2018 at 14:26hrs | 2 | by Colls Ndlovu, economist
Mthuli Ncube & John Pakanetsa Mangudya have opened a pandora box
Zimbabweans, I greet you cordially. I want to start by apologizing to you (those at home and in diaspora) for misleading you with a wrong information in my previous piece titled 'The Latest Monetary S...Published: 07 Oct 2018 at 10:19hrs | 4 | by Don Chigumba
Zimbabweans living in SA in Catch-22 situation
With a big basket, Hitele Hlalathi furiously picks grapes in a vast plantation that goes as far as the eye can see at a farm on the outskirts of South Africa's largest city.It is still 6am, bu...Published: 04 Nov 2017 at 05:37hrs | 2 | by Staff reporter
Open Letter to the President of Zimbabwe, Robert Mugabe
The Editor, I demand an honest answer from Mr. Mugabe. I want to know how he sit on the kitchen table with Bona and tell her that he is charting the way forward for Zimbabwe with someone who h...Published: 27 Jun 2017 at 06:55hrs | 1 | by Sam Wezhira
Mudenda warns MPs
SPEAKER of the National Assembly Jacob Mudenda yesterday blasted MPs for failure to take Parliament business seriously after they came late to a budget office orientation workshop.Mudenda did ...Published: 09 May 2017 at 06:26hrs | | by Staff reporter
Bond notes will spell disaster for Zimbabwe's economy - MDC-T
The MDC-T, as a social democratic political party that has always identified with the plight of the poor and down – trodden of society, is deeply concerned and indeed, extremely saddened by the Zanu...Published: 27 Sep 2016 at 10:41hrs | 15 | by Obert Gutu
Without shift in careless govt expenditure, all efforts will crumble - analyst
A political commentator Vince Musewe has warned that without shift in careless government spending habit all efforts will crumble."The disconnect between monetary and fiscal policy - the Reser...Published: 22 Sep 2016 at 18:33hrs | | by Stephen Jakes
Govt moot to make imports more expensive compared to local goods
Zimbabwean government is mooting ways to charge more duty on imported products by local shops in order to curb the externalization of money.This was said by Finance and economic Development Mi...Published: 16 May 2016 at 06:40hrs | | by Stephen Jakes
Reserve Bank confirms that NMB Bank is safe and sound
The Reserve Bank of Zimbabwe has confirmed that NMB Bank is in a safe and sound financial position. It says the bank is not facing any liquidity challenges and is not threatened with curatorship, as a...Published: 23 Feb 2016 at 19:32hrs | | by Agencies
RBZ to present 2016 monetary policy statement
THE Reserve Bank of Zimbabwe will present the 2016 monetary policy statement end of January with a call to focus on interventions that promote resource mobilisation for economic growth and clearing ex...Published: 11 Jan 2016 at 05:54hrs | | by Oliver Kazunga
ZISO's response to the Monetary Policy Statement
Zimbabwe Informal Sector's Organisation (ZISO) noted the monetary statement by the Reserve Bank of Zimbabwe (RBZ) governor Dr. John P. Mangudya. ZISO welcomes the reduction of interest rates f...Published: 08 Aug 2015 at 06:27hrs | | by ZISO
Victoria Falls firm sues RBZ, Barclays
A Victoria Falls-based recreational company Shear Water Safaris has dragged the central bank and Barclays Bank of Zimbabwe Private Limited to court over half a million dollars seized by the moneta...Published: 31 Jul 2015 at 14:41hrs | | by Staff reporter
RBZ, ZCTU seal deal over salary freeze
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has reportedly sealed a deal with the Zimbabwe Congress of Trade Unions (ZCTU) to refer the proposed wage increase freeze issue to the Tripartite ...Published: 09 Mar 2015 at 07:04hrs | | by Staff reporter
Dr Tsvangirai denounces RBZ monetary policy
MDC-T leader Morgan Tsvangirai has dismissed Reserve Bank governor John Mangudya's recent monetary policy statement describing it as "anti-worker and not pro-poor".In a statement, Tsvangi...Published: 16 Feb 2015 at 05:43hrs | | by Staff reporter
MDC-T: Remarks on the RBZ Monetary policy statement
The monetary policy statement by the Reserve Bank Governor smacks of a neo-liberal agenda as among other measures it seeks to cause a general wage freeze in Zimbabwe at a time when minimum wages are f...Published: 14 Feb 2015 at 14:28hrs | | by Staff Reporter
RBZ extends minimum capital threshold deadline to Dec 2020
The central bank of Zimbabwe has extended the deadline for banking institutions to comply with the $100 million minimum capital thresholds to December 2020 from the initial deadline of June this year,...Published: 31 Jan 2014 at 02:28hrs | | by Gamma Mudarikiri
Gideon Gono's RBZ seeks immunity from prosecution
THE Reserve Bank of Zimbabwe has approached the Supreme Court seeking to be granted immunity from prosecution and reprieve against paying back Bindura Trojan Nickel Mine over $1 million seized from th...Published: 04 Oct 2013 at 04:27hrs | | by Staff reporter
Gono's RBZ ordered to return $1 million to Trojan NIckel Mine
IN a landmark ruling likely to open floodgates against the Reserve Bank of Zimbabwe, the High Court has ordered the central bank return to Trojan Nickel Mine Limited bank account over US$1 million it...Published: 04 Jun 2013 at 04:18hrs | 8 | by Court reporter
When the giant totters off stage
The only time mankind admires infancy in manhood is when this comes as kindness and humility, never as a measure of mind. As I write this piece, I am still at a loss as to what exactly Tendai Biti, th...Published: 04 Feb 2013 at 05:08hrs | | by Nathaniel Manheru
Revolutionary essence of the historic indigenisation reform programme
What is the revolutionary essence of the historic indigenisation reform programme and what are its ideological, legal and policy ramifications?It has become necessary to unpack this question i...Published: 03 Feb 2013 at 06:30hrs | 1 | by Prof Jonathan Moyo
Monetary statement:- A tale of two strange bedfellows
I was flattered when followers of my writings suggested that the latest monetary statement issued by the Reserve Bank of Zimbabwe bore a striking resemblance to my last instalment in this column of th...Published: 05 Aug 2012 at 14:27hrs | | by Givens Hapadziwi
Foreign banks threatened over empowerment
Zimbabwe's central bank said it planned to take punitive measures against foreign-owned banks that resist demands to transfer majority shareholding to local blacks under a controversial empowerment po...Published: 06 Jun 2011 at 07:04hrs | | by Moyo Roy
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