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'No bailout until implement reforms' says Paris Club - we're paying dearly for double Dutch
Zimbabwe is in this serious economic mess and political paralysis; having Zanu PF on the one hand and an equally corrupt, incompetent and utterly useless opposition on the other; because, for 40 years...Published: 3 hrs ago | 904 | by Wilbert Mukori
Setback for Mthuli Ncube
THE Paris Club has spurned the Zimbabwean government's appeal for a bailout saying no financial assistance will be extended to Harare until satisfactory reforms implemented.Paris Club comprise...Published: 19 hrs ago | 5396 | by Staff reporter
Revenue increased 57% in one month and budget surplus became deficit - Ncube hocus pocus finance
In Minister of Finance, Professor Mthuli Ncube, Zimbabwe has Charles Dickens unsavoury Oliver Twist characters; Fagin, a conniving career criminal; Bill S...Published: 04 Jul 2020 at 05:50hrs | 1920 | by Patrick Guramatunhu
Pensioner sues over US dollar savings
AN 86-year-old pensioner is challenging the constitutionality of the statutory instrument (SI) that converted United States dollar balances to Real-Time Gross Settlement (RTGS) accounts, which resulte...Published: 03 Jul 2020 at 08:28hrs | 5272 | by Staff reporter
Mthuli Ncube misses revenue collection target
FINANCE Minister Mthuli Ncube missed April's revenue collection targets by 11 % owing to the impact Covid-19 lockdown had on businesses that were grounded to a halt as part of measures to minimise the...Published: 03 Jul 2020 at 08:09hrs | 1021 | by newzimbabwe
'Mthuli Ncube's policies a security threat'
FINANCE Minister Mthuli Ncube was Thursday told in Senate the newly introduced foreign currency exchange auction trading system was a security threat as it had added burden to long suffering Zimbabwea...Published: 03 Jul 2020 at 07:55hrs | 1117 | by newzimbabwe
Dilapidated Gwanda - Maphisa road needs urgent upgrade
THE 66km Gwanda-Maphisa Road remains dilapidated, forcing Government officials and other travellers to drive for 464km via Bulawayo to access the two districts of Matabeleland South Provin...Published: 02 Jul 2020 at 20:51hrs | 1084 | by Staff reporter
Mnangagwa graft fight pie in the sky
European Union (EU) ambassador to Zimbabwe Timo Olkkonen's remarks that the EU will not provide budgetary support to Zimbabwe as has happened to other countries to stabilise their economies in the wak...Published: 02 Jul 2020 at 18:26hrs | 1611 | by Staff reporter
When the clueless and corrupt pray
A FEW days back President Emmerson Mnangagwa called for a day of prayer and repentance. The objective was to pray for the intervention of the Almighty in the global pandemic, the COVID-19. Mnangagwa h...Published: 02 Jul 2020 at 18:25hrs | 256 | by Shepherd Mpofu
Zimbabwe's political climate remains tense
WITH Zimbabwe's political situation remaining tense, the government is planning to introduce a new law which criminalises the spreading of falsehoods against key State institutions such as the militar...Published: 01 Jul 2020 at 17:54hrs | 1346 | by Staff reporter
Chanisa aligned EU ruled out providing budgetary support to Zimbabwe
THE European Union (EU) has ruled out providing budgetary support to Zimbabwe to stabilise its economy citing lack of accountability and high-level corruption.EU ambassador to Zimbabwe Timo Ol...Published: 01 Jul 2020 at 07:26hrs | 1258 | by Staff reporter
It's too risky for Mnangagwa to let soldiers go hungry
REPORTS that morale has hit rock bottom in the army make for sad and terrifying reading. Zimbabwe's worsening economic situation, coupled with a severe food crisis, hyperinflation and cash shortages p...Published: 01 Jul 2020 at 07:25hrs | 6053 | by Staff reporter
Zimbabwe security chefs fingered in mobile money suspension
Zimbabwe's security force leaders sidelined the nation's economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situati...Published: 30 Jun 2020 at 22:44hrs | 5824 | by Staff reporter
RBZ injects more cash into circulation
The Reserve Bank of Zimbabwe (RBZ) says it injected approximately $64 million cash into circulation during the week ending June 19, 2020. According to statistics released last Friday by the ce...Published: 30 Jun 2020 at 08:14hrs | 1773 | by Staff reporter
Currency is not stabilised by stern policy: MDA tells Zanu PF
The leader of the Mthwakazi Democratic Alliance Hloniphani Ncube has warned Zanu PF government that currency is not stabilised by stern policies.This was after the government announced the sus...Published: 30 Jun 2020 at 07:59hrs | 1511 | by Stephen Jakes
Mnangagwa told to engage rivals
RETURNING Zanu-PF liberation stalwart, Rugare Gumbo, pictured, has implored President Emmerson Mnangagwa to join hands with the opposition and other social formations to end the country's deepening po...Published: 29 Jun 2020 at 18:50hrs | 3475 | by Staff reporter
Masvingo city dry port designated
Government has designated a place on the outskirts of Masvingo City along the Masvingo-Harare highway, for a dry port, as the Second Republic continues to improve the ease of doing business by moving ...Published: 29 Jun 2020 at 07:21hrs | 433 | by Staff reporter
Reward for turning-in tax dodgers
Whistle-blowers turning in tax dodgers can now claim a reward of 10 percent of the recovered taxes or duties under regulations gazetted on Friday by Finance and Economic Development Minister Professor...Published: 29 Jun 2020 at 07:19hrs | 316 | by Staff reporter
'Mobile money suspension will bury Zimbabwean economy'
THERE is a debilitating mixture of chaos, confusion and panic among both consumers and businesses across the country, after the government made a surprise announcement late on Friday evening that it w...Published: 28 Jun 2020 at 17:41hrs | 1944 | by Staff reporter
Mnangagwa courts unrest
Zimbabweans celebrated in their tens of thousands when the military ousted Robert Mugabe and installed Emmerson Mnangagwa as president. Two-and-a-half years later, the party is over.Mnanga...Published: 28 Jun 2020 at 08:13hrs | 778 | by Bloomberg
Corruption stifles economic growth
United States Agency for international development (USAid) country director, Stephanie Funk (SF), says failed economic policies and corruption, and not Western sanctions, are hindering Zimbabwe's econ...Published: 28 Jun 2020 at 08:13hrs | 272 | by Staff reporter
Zimbabwe economy run by master criminals fleecing the poor
Ordinary Zimbabweans have suffered for years as a result of currency manipulation and corruption by the elites who have siphoned US dollars away into their overseas bank accounts. Now, a recent ruling...Published: 28 Jun 2020 at 08:11hrs | 1452 | by Thandekile Moyo
Bankable land could reignite Zimbabwe economy
THE solution to Zimbabwe's unending economic problems is the provision of bankable land rights, which will spur farming as real business, a renowned economist has said.John Robertson said at a...Published: 28 Jun 2020 at 07:58hrs | 150 | by Staff reporter
Matebeleland South running out of quarantine space
AUTHORITIES in Matebeleland South have called on the Government to urgently avail more Covid-19 quarantine and isolation centres and to upgrade existing facilities to enhance their capacity to handle ...Published: 28 Jun 2020 at 07:26hrs | 109 | by Staff reporter
Biti itching for a fight with Mthuli Ncube's ministry
THE Tendai Biti-led Public Accounts Parliamentary Portfolio committee on Friday advised Finance ministry officials to complete the legality of its overspending of US$10.6 billion from 2015-2018 before...Published: 27 Jun 2020 at 16:59hrs | 1705 | by Staff reporter
Border authorities intercept 21 smuggling commercial trucks
AUTHORITIES at Beitbridge Border Post have increased surveillance and anti-smuggling activities during the ongoing lockdown and 21 trucks and 22 other vehicles smuggling an assortment of goods worth m...Published: 26 Jun 2020 at 18:09hrs | 1169 | by Staff reporter
Mounting challenges for Chamisa
THE MDC-Alliance, and the entire legacy of the opposition movement, faces the gravest political challenges it has had to confront since its formation in 1999.This is the result of a combinatio...Published: 26 Jun 2020 at 07:56hrs | 9949 | by Brian Raftopoulos
How RBZ, govt sabotaged plans to restore Zimdollar
UNITED States $75 allowances and allowing retailers to trade in forex show a government shifting into reverse gear, possibly ditching two years' worth of policy steps to end dollarisation.The ...Published: 26 Jun 2020 at 07:26hrs | 6347 | by Staff reporter
Zimra nets $23,1bn revenue in 2019
THE Zimbabwe Revenue Authority (Zimra) says it managed to collect a net revenue of $23, 19 billion in 2019 against a planned $18, 6 billion target for the year. The tax authority is employing ...Published: 26 Jun 2020 at 06:57hrs | 137 | by Staff reporter
Roller meal price set to skyrocket
Government will soon phase out the roller meal subsidy and replace it with a cash transfer programme for vulnerable persons, legislators have heard. Finance and Economic Development Deputy Min...Published: 26 Jun 2020 at 06:51hrs | 2690 | by Staff reporter
Mnangagwa blames 'vultures' in his govt
PRESIDENT Emmerson Mnangagwa yesterday conceded that all was not well in his administration, accusing some of his lieutenants of sabotaging him and calling them "wolves in sheep clothing".Face...Published: 25 Jun 2020 at 07:12hrs | 3068 | by Staff reporter
Greed is killing Zimbabwe, says Mthuli Ncube
FINANCE minister Mthuli Ncube yesterday said people could take the bond notes being rejected by the market to the bank in exchange for new notes, accusing economic saboteurs of hindering his economic ...Published: 25 Jun 2020 at 07:11hrs | 5775 | by Staff reporter
Corrupt leaders enabling price hikes
EARLIER this year Finance minister Mthuli Ncube (my neighbour) visited us in Lupane, the provincial capital of Matabeleland North province.Personally, I felt that he received a warm welcome he...Published: 25 Jun 2020 at 07:06hrs | 1442 | by Martin Stobert
New US$ pricing sparks confusion
THERE was massive confusion yesterday as retail shops were meant to start charging their goods in both American dollars and the local currency, the Daily News reports.Instead of making life ea...Published: 24 Jun 2020 at 17:22hrs | 4042 | by Staff reporter
Banks urged embrace 99-year leases
GOVERNMENT is ready to work with the banking sector to fine-tune the 99-year land leases to enhance productivity in the agriculture sector, Finance and Economic Development Minister, Professor Mthuli ...Published: 23 Jun 2020 at 07:51hrs | 193 | by Staff reporter
Zimra to buy land for Beitbridge workers
The Zimbabwe Revenue Authority (Zimra) is spending at least $2.4 million on renting properties to house its workers at Beitbridge Border Post and is considering acquiring the former Beitbridge Express...Published: 23 Jun 2020 at 07:50hrs | 477 | by Staff reporter
Zimbabwe teachers demonstrate...dump mock coffins on the streets
Zimbabwean teachers under the banner of the Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) took to the streets of Masvingo on Monday to protest against the meager salaries that the civil servant...Published: 22 Jun 2020 at 11:49hrs | 5599 | by Mandla Ndlovu
Veteran author Tsitsi Dangarembga takes Mthuli Ncube head on
Veteran author Tsitsi Dangarembga has told Minister of Finance Mthuli Ncube to stop treating like pets by giving them handouts instead of creating an environment where they can earn a living through d...Published: 21 Jun 2020 at 15:28hrs | 6790 | by Mandla Ndlovu
Mnangagwa's govt sets surveillance cameras in cities
Zimbabwe is planning to link its proposed National Data Centre with databases and information from the country's key economic players and state institutions as the country prepares for the creation of...Published: 21 Jun 2020 at 11:48hrs | 5596 | by Dumisani Ndlela
Zimbabwe records marginal increase in exports receipts
ZIMBABWE'S exports marginally increased by 2% to US$1,24 billion during the first four months of the year, largely driven by commodities such as gold and tobacco, official statistics reveal.Fi...Published: 21 Jun 2020 at 11:43hrs | 423 | by Staff reporter
Zimbabwe: Your prayers are going nowhere!
Under different circumstances, a call by the country's leadership for atonement, supplication and prayer brings about a sobering moment to the populace. It is my painful duty to inform you that the ca...Published: 21 Jun 2020 at 11:38hrs | 393 | by Kenneth Mufuka
Zimbabwe-China to meet on debt relief
ZIMBABWE and China will soon begin talks to implement a directive by President Xi Jinping for Beijing to cancel financial obligations owed to African countries.It is anticipated that the debt ...Published: 21 Jun 2020 at 11:08hrs | 407 | by Staff reporter
National Ports Authority long overdue, says Mthuli Ncube
Zimbabwe will expedite the establishment of the National Ports Authority to take over the management of its ports of entry and exit, a Cabinet minister has said.Finance and Economic Developmen...Published: 21 Jun 2020 at 08:46hrs | 1589 | by Staff Reporter
Mthuli Ncube tours Beitbridge Border post
Beitbridge Border Post was described as a very important Border Post that requires Government support.This was revealed by the Minister of Finance and Economic Development, Professor Mthuli Nc...Published: 20 Jun 2020 at 21:09hrs | 2338 | by Staff reporter
'Drax International lied to Mnangagwa'
Secretary for Information Ndabaningi Nick Mangwana says controversial company Drax International lied to Mnangagwa by promising to donate US$60 million to Zimbabwe.In one video that was play o...Published: 20 Jun 2020 at 17:57hrs | 4642 | by Mandla Ndlovu
Mthuli Ncube challenged to shape up or quit
THE pressure is mounting on under-fire Finance minister Mthuli Ncube, with Members of Parliament challenging him this week to fix the country's comatose economy or resign from his Cabinet post....Published: 20 Jun 2020 at 17:46hrs | 2977 | by Staff reporter
Biti tells Mthuli Ncube to resign
MDC top politician, Tendai Biti says Mthuli Ncube should apologise to Zimbabweans and gracefully resign as Finance Minister after almost single-handedly messing up the national economy through a slew ...Published: 20 Jun 2020 at 08:37hrs | 4858 | by Staff reporter
'Forex allowances won't affect national budget projections'
The Minister of Finance and Economic Development, Professor Mthuli Ncube has said the US$75 allowance and 50 percent salary increment for civil servants will not affect national budget projections. ...Published: 20 Jun 2020 at 08:13hrs | 1319 | by Staff reporter
Mnangagwa told to fix politics to save economy
BOTH political and economic experts have implored President Emmerson Mnangagwa and Zanu-PF to move with urgency to resolve Zimbabwe's long running political crisis if the deepening local economic rot ...Published: 19 Jun 2020 at 17:19hrs | 5992 | by Staff reporter
'Cash-rich' gold buyer invades Zimbabwe?
Confusion is reigning supreme in the gold sector over the existence of a licenced gold buyer who is reportedly paying more than the official price set by the country's repository authority, Fidelity P...Published: 19 Jun 2020 at 08:30hrs | 11483 | by Staff reporter
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