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Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | | by Staff reporter
Zimbabwe gas, oil discovery changes energy game
ZIMBABWE is primed to become a major player in the oil and gas industry following the confirmation of gas, light oil, condensate and helium deposits by Geo Associates, Mines and Mining Development Min...Published: 05 Mar 2024 at 04:57hrs | 7 | by Staff reporter
Unlocking Opportunities: How to monetise WhatsApp
WhatsApp, with its extensive user base and global reach, presents a unique opportunity for individuals and businesses to explore monetization strategies. ...Published: 29 Dec 2023 at 07:31hrs | 24 | by Libz Mbanje
Uncle Sam lacks moral authority to lecture on democracy
ON Thursday 29 June, President Mnangagwa addressed a gathering of small scale miners where he emphasised his Government's support to the most productive sectors of the economy. He told the min...Published: 03 Jul 2023 at 07:05hrs | 9 | by Ranga Mataire
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 10 | by Martin Majaji
'Full dollarisation suicidal for Zimbabwe'
THE Reserve Bank of Zimbabwe (RBZ) has warned against full dollarisation as the economy battles exchange rate volatility which has triggered astronomical price hikes.In 2008, the country ditch...Published: 20 Jun 2023 at 18:39hrs | 1 | by Staff reporter
'Mthuli Ncube's shop raids a publicity stunt'
ECONOMISTS have described Finance minister Mthuli Ncube's weekend raids on retail shops to check on pricing of basic commodities as a publicity stunt after failing to tame the country's runaway inflat...Published: 30 May 2023 at 06:48hrs | 2 | by Staff reporter
How has the entertainment sector been changing lately?
By definition, entertainment is a type of activity that has the objective of catching the audience's attention to create a sense of relaxation and delight. The entertainment sector is very much a resu...Published: 14 Feb 2023 at 21:08hrs | 13 | by Staff Reporter
'Most Zimbabwe productions are junk,' says Radio Zimbabwe station manager
GOVERNMENT came up with a deliberate policy to support indigenous content in the early, to mid 2000s; a 75% local content policy on both radio and television productions.The same policy howeve...Published: 24 May 2022 at 07:27hrs | | by Staff reporter
Social media driving us to doomsday
Bishop Lazi is convinced that nostalgia is a timeless disease.It is normally associated with selective amnesia and the romanticisation of cherished memories.This is why it is unsurpris...Published: 31 Jan 2021 at 06:51hrs | | by Bishop Lazarue
'Economy in good stead for growth'
The reforms that have been instituted by Government since September last year to restore sound macro-economic fundamentals have placed the economy on a firm foundation to support sustainable recovery,...Published: 04 Aug 2019 at 10:04hrs | | by STaff reporter
Mthuli Ncube's quotes on currency reforms . . .
"Replacing the multi-currency regime anchored in the United States dollar by the South African rand as the sole transaction currency would help reduce over-valuation and stimulate exports and growth. ...Published: 01 Jul 2019 at 08:13hrs | 1 | by Lisa Tazviinga
It's up to us to make Zimdollar work
The record needs to be set straight that Finance minister Mthuli Ncube has done nothing outrageous and/or unprecedented by banning the use of foreign currencies in domestic transactions.Accord...Published: 28 Jun 2019 at 06:25hrs | | by Conway Tutani
Mnangagwa warned of brewing unrest
THERE are growing fears that Zimbabwe's fast-deteriorating economic situation - marked by shocking price hikes and severe shortages of foreign currency, fuel and vital medicines - could trigger social...Published: 23 Apr 2019 at 07:49hrs | | by Staff reporter
Mthuli Ncube wages war against surging inflation
Zimbabwe's annual inflation has risen to a 10-year high since hyperinflation, but month-on-month prices are beginning to drop as monetary reforms aimed at combating inflation, addressing foreign curre...Published: 17 Mar 2019 at 18:08hrs | 1 | by Staff reporter
Mnangagwa's gamble works for the economy
Monetary Policy is defined as an attempt to achieve broad economic goals by the regulation of the supply of money. The 2018 Monetary Policy Statement (MPS) was prepared on the narrative that Zimbabwe ...Published: 23 Feb 2019 at 09:09hrs | 1 | by Dr Masimba Mavaza
Mangudya's retreat to safety is timely.....
Governor Mangudya has fundamentally been a good central banker, and perhaps that is why, just like yesterday afternoon, he frequently deflates the air of anticipation that precedes his scheduled polic...Published: 21 Feb 2019 at 21:03hrs | 1 | by Staff reporter
How not to win hearts and minds
In a country that is used to turmoil, the month of January will go down as a period when we literally shot ourselves in the foot.The 2017 November coup brought to a close 38 years of dic...Published: 06 Feb 2019 at 08:33hrs | | by Eddie Cross
'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 | | by Staff reporter
Mnangagwa's ministers fail 2018 ratings
As Zimbabweans waved goodbye to 2018 yesterday, and awaited with much trepidation the dawn of the new year, in the light of the country's deepening economic woes, the Daily News - as per its rich annu...Published: 02 Jan 2019 at 14:20hrs | 1 | by Staff reporter
Mthuli Ncube's Rand option dilemma as currency crisis worsens
FINANCE minister Mthuli Ncube, who has publicly said joining South Africa's Multilateral Monetary Area could be a solution to Zimbabwe's currency crisis, is agonising over currency reforms, as it dawn...Published: 13 Dec 2018 at 20:01hrs | | by Staff reporter
Mthuli Ncube in currency volte-face
Finance minister Mthuli Ncube, who two months ago indicated that he would prioritise currency reforms, including demonitising the country's fiat currency last Wednesday made a huge climb down on the p...Published: 04 Dec 2018 at 20:37hrs | 2 | by Staff reporter
Chamisa heaps pressure on Mnangagwa
As Zimbabwe's economy continues to deteriorate opposition leader Nelson Chamisa cranked up the political heat on President Emmerson Mnangagwa and his ruling Zanu-PF yesterday, calling for the immediat...Published: 30 Nov 2018 at 10:37hrs | 3 | by Staff reporter
Mthuli Ncube boost for insurance sector
FINANCE Minister Mthuli Ncube says government has reviewed upwards the minimum prescribed asset thresholds for the insurance and pension industry which were introduced in 2010 in order to improve reso...Published: 30 Nov 2018 at 09:29hrs | | by Staff reporter
Mnangagwa to do a Narendra Modi on Zimbabwe black market?
There are whispers the President Emmerson Mnangagwa will come hard on the black market with some saying he will do what Indian Prime Minister Narendra Modi did in India in 2016. The secrecy with which...Published: 11 Oct 2018 at 18:17hrs | 5 | by Ndoro Tafadzwa
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 | | by Bongani Ngwenya
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 | | by Staff reporter
'Bond notes to go before year end,' says Mthuli Ncube
New Finance Professor Mthuli Ncube says bond notes could be gone by the end of this year."I am very clear that there have to be currency reforms and the (current) currency approach is not work...Published: 09 Sep 2018 at 20:17hrs | 7 | by Staff reporter
New ministers to make tough decisions
Newly appointed Cabinet ministers, who will be sworn in tomorrow, believe President Emmerson Mnangagwa's vision of creating a middle-income economy by 2030 is attainable, and tough decisions will have...Published: 09 Sep 2018 at 08:09hrs | | by Staff reporter
Zimdollar pensions values set at Z$13m/US$1
A commission of inquiry set up to probe the process used to convert pensions and insurance benefits following dollarisation of the economy in 2009 has come up with a conversion ratio from Zimdollar to...Published: 10 Mar 2018 at 14:28hrs | | by Staff reporter
Mutare faces refuse collection challenges
The re-emergence of cholera in some parts of the country has irked Mutare City Council councillors amid non-collection of refuse.The councillors say such practices could result in disease outb...Published: 06 Feb 2018 at 16:16hrs | | by Staff Reporter
RBZ bond notes board delays raise eyebrows
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's failure to appoint an independent board to monitor the bond notes in circulation, will further erode public confidence in the financial system, ...Published: 25 Jun 2017 at 12:28hrs | | by Staff reporter
Zimbabweans agonise over bond notes
Despite central bank governor John Mangudya's best efforts to assure wary Zimbabweans that the introduction of the country's much-distrusted bond notes next month would only do the dying local eco...Published: 18 Sep 2016 at 15:57hrs | | by Staff reporter
Bond notes illegal, says Mujuru
Zimbabwe People First leader Dr Joice Mujuru has approached the Constitutional Court challenging Government's decision to introduce bond notes as part of a raft of measures to stem the liquidity crunc...Published: 04 Aug 2016 at 06:40hrs | | by Fidelis Munyoro
Chinamasa must resign over failure to pay civil servants
The failure by the Zanu-PF government to pay civil servants' salaries for two consecutive months of June and July 2016 is unacceptable and gross violations of the rights of the civil servants....Published: 19 Jul 2016 at 16:37hrs | | by Tendai Biti
Account holders with closed banks to be paid by April
THE Deposit Protection Corporation (DPC) and the Reserve Bank of Zimbabwe (RBZ) have finished compiling the list of Zimbabwe dollar account holders whose money was locked in banks that were closed aft...Published: 07 Feb 2016 at 08:13hrs | | by Roberta Katunga
Banks pay out $7m in Zimdollar compensation
Banks have paid out about $7,2 million in compensation for the demonetised Zimbabwean dollar, figures from the Ministry of Finance and Economic Development show. The demonetisation process...Published: 11 Dec 2015 at 06:51hrs | | by Staff reporter
Chinamasa deserves Nobel Prize in economics
IN its post-colonial history since 1980, Zimbabwe has gotten one big thing right, inter alia: the multi-currency system.To cut a long a long story short, Zimbabwe currently has arguably, the l...Published: 11 Aug 2015 at 08:32hrs | | by Colls Ndlovu
Bond coins use rises
A MAJORITY of Zimbabweans now prefer using bond coins to avoid exchange losses given the weakening of the South African rand against the United States dollar, according to the Reserve Bank of Zimbabwe...Published: 10 Aug 2015 at 09:43hrs | | by Business Reporter
$4m paid out for old ZimDollars - RBZ
Reserve Bank of Zimbabwe governor John Mangudya has said at least $4 million has been paid out to customers to date as part of the demonetisation of the Zimbabwean dollar which started in June a...Published: 09 Aug 2015 at 09:07hrs | | by Staff reporter
'Surrender of Zimdollars instils confidence in sickly economy'
CASH-STRAPPED citizens have started trooping to banks to surrender the old Zimbabwe dollar rendered useless at the adoption of the multiple currency regime in February 2009, a development analysts say...Published: 19 Jun 2015 at 16:36hrs | | by Sij Ncube
RBZ demonetisation process snubbed
Most Zimbabweans on Monday snubbed the Reserve Bank of Zimbabwe's demonetisation process as a handful of people went to various banks to exchange their worthless local currency.Some clients we...Published: 16 Jun 2015 at 06:30hrs | | by Thobekile Zhou
RBZ to hold demonetisation awareness campaigns
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya has indicated that all operating banks have now submitted their Zimbabwe dollar bank balances.The bank set aside $20 million for demon...Published: 14 May 2015 at 09:47hrs | | by Staff Reporter
Zimdollar account verification starts
THE Reserve Bank of Zimbabwe (RBZ) has announced that some Zimbabwe dollar account holders will get more than $5 in compensation. In remarks likely to raise the interest of many, RBZ deputy go...Published: 23 Mar 2015 at 07:09hrs | | by Oliver Kazunga
Zimdollar account-holders to gain - RBZ
ZIMBABWE dollar account-holders whose accounts were frozen upon the introduction of the multi-currency system in 2009 are reportedly going gain more from the demonetisation formula announced by the R...Published: 01 Mar 2015 at 07:33hrs | | 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
'$5 compensation for Zimdollar accounts a howler,' says CZI boss
The move by the Reserve Bank of Zimbabwe to demonetise the Zimbabwe dollar balances by alloting genuine account holders $5 per account is a faux pas, Confederation of Zimbabwe Industries (CZI) pr...Published: 13 Feb 2015 at 16:42hrs | | by Tawanda Musarurwa
Mugabe destined to leave Zimbabwe without currency
PRESIDENT Robert Mugabe (91 next week) appears destined to leave the country whenever he would go without its own local currency amid clear indications by the Reserve Bank of Zimbabwe (RBZ) governor ...Published: 13 Feb 2015 at 14:47hrs | 1 | by Kudzai Kuwaza
RBZ to pay $5 for Zimdollar accounts
The Reserve Bank of Zimbabwe will pay out $5 for every Zimbabwe Dollar account as compensation for account holders that lost their money in 2008 with the introduction of the multi-currency regime....Published: 11 Feb 2015 at 17:00hrs | | by Rumbidzayi Zinyuke
'Gono saved Zimbabwe,' says Chinamasa
Finance minister Patrick Chinamasa yesterday defended former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono's quasi-fiscal activities, saying the interventions were necessary to save the economy...Published: 03 Feb 2015 at 14:40hrs | | by Staff reporter
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