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A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 21 hrs ago | 2290 | by newZwire with The Source
MDC President calls for unity of purpose
Leader of the MDC - Thokozani Khupe, has called for unity of purpose among opposition parties and other stakeholders as part of the initiative to restore the country's struggling economy as the bread ...Published: 14 Nov 2018 at 11:14hrs | 1815 | by Staff reporter
We have no choice, but to embark on painful reforms
When Margaret Thatcher was elected UK prime minister in 1979, she recognised that piecemeal change would not be sufficient to tackle the problems of labour unrest, rampant inflation and economic stagn...Published: 14 Nov 2018 at 05:39hrs | 391 | by E.D. Mnangagwa President
No going back on austerity measures, says Mnangagwa
President Mnangagwa says Zimbabwe will undergo a "painful" reform process to achieve transformation and modernisation of the economy. Government is already implementing austerity measures and ...Published: 14 Nov 2018 at 05:33hrs | 485 | by Staff reporter
Zimbabwe inflation hits the 20.8% mark, RBZ targets 7%
Zimbabwe's annual inflation rose sharply to a record 20.8 percent in October after it gained 15.46 percentage points from the September rate of 5.39 percent. The Consumer Price Index (CPI) for...Published: 13 Nov 2018 at 16:03hrs | 1477 | by Staff reporter
Mnangagwa likens himself to Margaret Thatcher
President Emmerson Mnangagwa has equated himself and his rise to power as equivalent to that of the late British Premier Margaret Thatcher who was popularly know as The Iron Lady. Writing...Published: 13 Nov 2018 at 15:48hrs | 2698 | by Mandla Ndlovu
Please consider the plight of pensioners
Dear, There is urgent need for the government to seriously consider the plight of pensioners most of whom are now very old, frail and ill. These pensioners are getting peanuts if not nothing f...Published: 13 Nov 2018 at 13:33hrs | 1504 | by Munya Shumba
'Arrest Mangudya now for $1billion loot' whistleblower demands
Whistleblower Prisca Mutema has heightened her call for President Emerson Mnangagwa , Finance minister Mthuli Ncube and General Constantino Chiwenga to probe Reserve Bank Governor John Panonetsa Mangu...Published: 13 Nov 2018 at 12:00hrs | 7337 | by Mandla Ndlovu
Industrial action against Mthuli Ncube looming
Air Zimbabwe has been allowed by the cabinet of President ED Mnangagwa to charge its clients (especially diasporas) in foreign currency. The confused minister in charge of Air Zimbabwe Joel Biggie Mat...Published: 13 Nov 2018 at 11:50hrs | 3348 | by Don Chigumba
Ncube needs consistency
Finance minister Mthuli Ncube will present his maiden National Budget next week Thursday against a background of huge economic challenges and public expectation that he is the man to help Zimbabwe out...Published: 13 Nov 2018 at 11:28hrs | 2141 | by Staff reporter
Ahoy! MPs' allowances to be slashed
Members of Parliament are to get their sitting allowance cut in an attempt to reduce the public wage bill.The MPs' $75 per sitting pay will be slashed, although their salaries will remain unch...Published: 13 Nov 2018 at 10:53hrs | 2027 | by Staff reporter
Zimbabwe receives $3,6 million grant to fight cyber crime
ZIMBABWE yesterday received a $3,6 million grant from Japan to help fight cybercrime.Finance minister Mthuli Ncube said the grant for procurement of cyber security equipment, deepened the bila...Published: 13 Nov 2018 at 06:12hrs | 241 | by Staff reporter
Acie Lumumba turns ZACC informer?
Embattled Whistleblower William Mutumanje (Acie Lumumba) is reportedly working with the Zimbabwe Anti-Corruption Commission (ZACC) investigators in closing the net on suspected criminals a...Published: 13 Nov 2018 at 06:04hrs | 1949 | by Mandla Ndlovu
2% tax derails industrial production
ZIMBABWE Congress of Trade Unions western region chairman Ambrose Sibindi has said since the announcement of the 2% tax by Finance minister Mthuli Ncube last month, many industries in Bulawayo have sc...Published: 13 Nov 2018 at 05:57hrs | 279 | by Staff reporter
A human life over debt arrears
ON Saturday, Chalton Hwende, deputy treasurer-general of the MDC Alliance confirmed an attempted abduction of the party's president, Nelson Chamisa after a 'thank you' rally for their supporters at Ru...Published: 13 Nov 2018 at 05:56hrs | 416 | by Pearl Matibe
Miners to retain 55% export earnings
THE Reserve Bank of Zimbabwe (RBZ) has agreed to increase large scale miners' retention of foreign currency from mineral exports to 55 percent to allow them to cover production costs. Recently...Published: 13 Nov 2018 at 05:52hrs | 313 | by Staff reporter
Mthuli Ncube trims monthly fiscal budget deficit
TREASURY has scored excellent progress in trimming monthly fiscal budget deficit as part of Government's economic reform agenda with September 2018 deficit reduced to $19 million against a target of $...Published: 13 Nov 2018 at 05:50hrs | 805 | by Staff reporter
Japan supports Zimbabwe in cybercrime fight
Japan is set to extend grant aid of $3,6 million (390 million yen) to Zimbabwe for the provision of cyber security equipment. The equipment will be used by the Zimbabwe Republic Police in conj...Published: 13 Nov 2018 at 05:45hrs | 136 | by Staff reporter
Supply, price of commodities normalise
Interventions by the government to normalise the supply of goods especially fuel and basic commodities are bearing fruit as fuel queues have disappeared with supermarkets shelves filled to the brim an...Published: 12 Nov 2018 at 18:17hrs | 5339 | by Staff reporter
Zimbabwe teachers take salary fight to IMF
The Progressive Teachers Union of Zimbabwe will be meeting the International Monetary fund five-member mission on Tuesday to Zimbabwe to discuss labour issues.In a letter written by IMF's Beat...Published: 12 Nov 2018 at 13:47hrs | 2439 | by Mandla Ndlovu
Zimbabwe economic pain not being shared
Finance minister Mthuli Ncube's recent confirmation that government will soon buy vehicles for parliamentarians exposes government's insincerity in tackling its ballooning budget deficit.It al...Published: 12 Nov 2018 at 10:51hrs | 3527 | by Staff reporter
'Mthuli Ncube's 2c tax unsustainable'
Industry says the controversial Intermediary Money Transfer Tax should be amended in the upcoming 2019 National Budget to improve the ease of doing business in the country.The Confederation of...Published: 12 Nov 2018 at 10:14hrs | 2663 | by Staff reporter
Mthuli Ncube under fire
Finance minister Mthuli Ncube has come under heavy fire after signalling his intention to acquire vehicles for the country's lawmakers as well as paying the thirteenth cheque for government's 550 000 ...Published: 12 Nov 2018 at 05:57hrs | 5435 | by Staff reporter
30 Chinese investors Zimbabwe bound
A high powered delegation of over 30 Chinese investors from Anhui Province is expected in the country tomorrow to explore the vast investment opportunities available in the various sectors of the econ...Published: 12 Nov 2018 at 05:56hrs | 834 | by Staff reporter
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 989 | by Eddie Cross
Enough fuel for festive season, says Minister
ENERGY and Power Development Minister Dr Joram Gumbo has assured the nation of enough fuel supplies during the forthcoming festive season. In an interview on the sidelines of the just ended 20...Published: 12 Nov 2018 at 05:28hrs | 180 | by Staff reporter
Govt seeks investor for Air Zimbabwe
GOVERNMENT will this week float a tender for Air Zimbabwe seeking an investor to turnaround the fortunes of the troubled national airline. Speaking at the just ended 2019 pre-budget seminar in...Published: 12 Nov 2018 at 05:26hrs | 199 | by Staff reporter
Mnangagwa doing things differently from Mugabe
Much to the chagrin of the opposition dictatorship, Nkosana Moyo predicted, well before the elections, that a President Emmerson Mnangagwa would do things, (not necessarily well), but certainly differ...Published: 11 Nov 2018 at 12:55hrs | 3421 | by Zifiso Masiye
Forex shortages cripple cooking oil maker
Surface Wilmar, the country's largest cooking oil manufacturer, says it owes its external suppliers US$22 million because of acute foreign currency shortages locally.The revelations were made ...Published: 11 Nov 2018 at 12:24hrs | 564 | by Staff reporter
All eyes on Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube's maiden national budget should target the revival of the productive sectors of the economy to set the tone for revival, business has advised....Published: 11 Nov 2018 at 12:24hrs | 1236 | by Staff reporter
Questions Mthuli Ncube won't answer
With the economy in a tailspin, Finance minister Mthuli Ncube's role has become ever so important, but instead of being accessible, he has shied away from the media.In the past few weeks, his ...Published: 11 Nov 2018 at 12:10hrs | 1029 | by Staff reporter
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | 1122 | by Bloomberg
Mthuli screwing Zimbabweans but assures MPs vehicles
Finance minister Mthuli Ncube has promised to buy vehicles for parliamentarians, although there are still deliberations over the modalities."I am on the side of making sure that you get your v...Published: 10 Nov 2018 at 16:47hrs | 3343 | by Staff reporter
Mnangagwa's govt sabotage teachers' march
Teachers have accused government of sabotaging their march after some headmasters were reportedly directed to hold compulsory meetings with teachers yesterday afternoon to deter them from protesting o...Published: 10 Nov 2018 at 11:50hrs | 2977 | by Staff reporter
'2019 budget deficit will be 4% of GDP'
FINANCE minister Mthuli Ncube has indicated that the 2019 national budget would reduce budget deficit to 4% of gross domestic product (GDP) in 2019, and subsequently to 2,4% in the following year....Published: 10 Nov 2018 at 11:04hrs | 1476 | by Staff reporter
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 146 | by Staff reporter
Tax rebate for job creators
GOVERNMENT is planning to introduce a tax rebate for companies that create additional jobs as part of broader fiscal policy measures aimed at stimulating the economy towards an upper middle-class stat...Published: 10 Nov 2018 at 10:32hrs | 239 | by Staf reporter
Greedy MPs demand vehicles from cash strapped Zimbabwe govt
LEGISLATORS have said the Government has taken too long to buy them service vehicles with the issue being among the most topical during the ongoing 2019 Parliamentary pre-budget seminar in Bulawayo. ...Published: 10 Nov 2018 at 09:15hrs | 452 | by Staff Reporter
Excellent progress on Zimbabwe fiscal budget deficit reduction.
In the month of September 2018, the fiscal budget was balanced and the deficit was almost zeroProfessor Mthuli Ncube, Zimbabwe Minister of Finance said that there has been "Excellent progress ...Published: 09 Nov 2018 at 21:46hrs | 3698 | by Ndou Paul
Dabengwa launches Ihawu Awards
Dumiso Dabengwa and the Dumiso Dabengwa Foundation will launch the Ihawu Awards on the 7th of December. The Awards are meant to honour men women who have sacrificed a lot for Zimbabwe.The Foun...Published: 09 Nov 2018 at 19:55hrs | 1687 | by Mandla Ndlovu
Reality check for Mthuli Ncube
Under-pressure Finance minister Mthuli Ncube faces a tough task in balancing policy measures that stabilise the economy and populist demands from the ruling party when he presents his much-awaited N...Published: 09 Nov 2018 at 17:18hrs | 4302 | by Staff reporter
Chinamasa refuses to meet World Banks officials
THE World Bank is making efforts to meet former Finance and Economic Development Minister and ZANU-PF secretary for finance Patrick Chinamasa to discuss "critical economic issues" according to a repor...Published: 09 Nov 2018 at 16:57hrs | 5241 | by Staff reporter
Mangudya lost his cool under pressure from legislators
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budget seminar in Bulawayo who took him to ta...Published: 09 Nov 2018 at 16:41hrs | 5055 | by Staff reporter
Police okay teachers' march
Teachers protesting against deteriorating conditions of service have been given the green light by police to picket at Public Service Medical Aid Society (Psmas) and government offices in Harare....Published: 09 Nov 2018 at 15:41hrs | 1114 | by Staff reporter
'Rushed currency reform could harm Zimbabwe economy'
Rushing to implement currency reforms without sufficient stocks of foreign currency to back up the transition would have serious adverse effects on Zimbabwe's economy, which would cause suffering of c...Published: 09 Nov 2018 at 06:22hrs | 3428 | by Staff reporter
Is Tobin tax regime helpful?
Against the backdrop of the ongoing debate and rhetoric about the recently proposed 2% transaction tax which was announced by Finance minister Mthuli Ncube, ostensibly to widen Zimbabwe's tax base....Published: 09 Nov 2018 at 06:21hrs | 1052 | by Colls Ndlovu
Mnangagwa coming after cartels
PRESIDENT Emmerson Mnangagwa yesterday vowed to clamp down on cartels involved in various corrupt activities such as fraud, money-laundering, insider trading and manipulation of government procurement...Published: 09 Nov 2018 at 05:16hrs | 6838 | by Staff reporter
Government drops duty on sanitary pads
GOVERNMENT has removed duty on sanitary pads, a move likely to be welcomed by women as the price of basic toiletries is now beyond the reach of many. Gender activists and legislators have over the yea...Published: 09 Nov 2018 at 05:04hrs | 582 | by Staff reporter
Bonus assurance for civil servants
THE Minister of Finance and Economic Development, Professor Mthuli Ncube, yesterday assured civil servants of a bonus incentive for 2018 whose finer details would be clarified in due course in line wi...Published: 09 Nov 2018 at 05:03hrs | 3271 | by Staff reporter
Banks fear hyperinflation return in plea for Zimbabwe reforms
Zimbabwean banks urged the government to introduce wide-ranging reforms amid signs the country is facing an economic crisis reminiscent of a hyper-inflationary spiral a decade ago.Finance Mini...Published: 08 Nov 2018 at 19:13hrs | 4040 | by Bloomberg
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