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'Zimbabwe economic crisis is not about currency'
ZIMBABWE's economic crisis is not a result of currency shortage but low production, hence government must look at the real issue, economic experts have said.Recently, Finance minister Mthuli N...Published: 17 hrs ago | 1764 | by Staff reporter
Structural reforms crucial for turnaround
ZIMBABWE's economy has for long been dogged by multiple man-created obstacles, confining it in the abyss it has been struggling to get out of for decades.Once these obstacles are removed econo...Published: 17 hrs ago | 304 | by Editorial - Daily News
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: 18 hrs ago | 13952 | by Staff reporter
Of market forces and price hikes
Not too long ago, three months ago in fact, fuel in Zimbabwe was cheaper than bottled water and flights from the country were some of the cheapest around. This was thanks to a fixed exchange rate that...Published: 18 hrs ago | 447 | by newZWire
WATCH: Historic ZITF opens
THE 60th edition of the Zimbabwe International Trade Fair (ZITF) opens in Bulawayo today with record breaking subscription at 532 direct local exhibitors and 16 countries participating. ...Published: 18 hrs ago | 491 | by Staff reporter
Mnangagwa pleads with Diasporans
PRESIDENT Emmerson Mnangagwa has pleaded with the Diaspora community to return to Zimbabwe and assist with rebuilding the country's ailing economy.Mnangagwa made the remarks while officiating ...Published: 22 Apr 2019 at 17:16hrs | 2765 | by Staff reporter
Tsvangirai turning in his grave, says daughter
THE late former Prime Minister Morgan Tsvangirai's eldest daughter, Vimbai Tsvangirai-Java yesterday said his father could be a "bitter man wherever he is" because Zimbabweans have lunged into deeper ...Published: 22 Apr 2019 at 17:15hrs | 3890 | by Staff reporter
Minister fouls Mnangagwa's plans fouled by Owen Ncube
ZIMBABWE's efforts to attract much-needed investment are being undermined by a fatal combination of executive folly and policy inconsistencies - that have seen international investors being warned aga...Published: 22 Apr 2019 at 17:14hrs | 3477 | by Staff reporter
Where is Mnangagwa taking us to?
I DROVE up the window of the tollgate and the man on duty asked me: "Eddie, where are we going?" He was not asking what my destination was, but where did I think the country was going.Last nig...Published: 22 Apr 2019 at 08:40hrs | 7873 | by Eddie Cross
'Foreign aid will not bail out Zimbabwe'
UNITED States professor of economics Steve Hanke has said foreign aid will not bail out Zimbabwe from its current economic quagmire, adding the country's problems can be solved from within.Spe...Published: 21 Apr 2019 at 16:30hrs | 4087 | by Staff reporter
Whistleblowers pocket $3million after helping Zimra
Whistleblowers pocketed a cool $3 million in the past two years after helping the taxman recover more than $33,5 million in unpaid taxes.Under current regulations, those who provide the Zimbab...Published: 21 Apr 2019 at 08:15hrs | 1480 | by Staff reporter
Anti-sanctions crusade heats up
The push for the United States government and the European Union (EU) bloc to remove the two-decade-old sanctions imposed on Zimbabwe is beginning to snowball with international organisations adding a...Published: 21 Apr 2019 at 08:10hrs | 339 | by Staff reporter
Angry Mnangagwa lashes 'unpatriotic and inhumane' forces
PRESIDENT Emmerson Mnangagwa yesterday accused some businesses of being "unpatriotic and inhumane" following the recent sharp hikes in the prices of basic consumer goods around the country.At ...Published: 19 Apr 2019 at 11:10hrs | 2444 | by Staff reporter
Gukurahundi healing, reconciliation timeframes set
GOVERNMENT and the Matabeleland Collective, a group of civil society organisations, have agreed on strict timeframes for the implementation of the Gukurahundi healing and reconciliation implementation...Published: 19 Apr 2019 at 11:09hrs | 299 | by Staff reporter
Why Mthuli Ncube's new currency is likely to be doomed
THE announcement by Finance minister Mthuli Ncube of his intention to introduce "a new, fully-fledged currency" in 12 months piqued the interest of the general public in Zimbabwe.It comes soon...Published: 19 Apr 2019 at 11:08hrs | 653 | by Martin Tarusenga
'RTGS$ is not a currency' says Minister
Deputy Government Spokesperson Energy Mutodi has confirmed a long standing asserting by Zimbabweans that the country does not have a currency and the recently introduced RTGS$ by the Reserve bank of Z...Published: 18 Apr 2019 at 09:22hrs | 6711 | by Mandla Ndlovu
39 years on, Zimbabwe has achieved nothing: Chamisa
ZIMBABWE turns 39 tomorrow and NewsDay (ND) senior reporter Blessed Mhlanga caught up with the opposition MDC leader Nelson Chamisa (NC) to discuss the importance of the day vis-a-vis the current econ...Published: 17 Apr 2019 at 15:00hrs | 2960 | by Staff reporter
Washington experts call for end to Zimbabwe sanctions
Experts in Washington, discussing whether or not Zimbabwe is a source of shame or opportunity for Africa, were unanimous in their position that targeted sanctions were hurtful to the country, and must...Published: 17 Apr 2019 at 07:53hrs | 2717 | by VOA
Zimbabwe black market running amok
GOVERNMENT is facing renewed pressure on the economic front, with the parallel foreign currency market once again running amok — pushing the prices of basic consumer goods like bread beyond the reac...Published: 17 Apr 2019 at 07:25hrs | 30756 | by Staff reporter
RTGS$ to stabilise, gain value, insists Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has expressed confidence that the RTGS dollar will stabilise and gain value beyond the prevailing market volatility as Government for...Published: 17 Apr 2019 at 07:02hrs | 3291 | by Staff reporter
Mnangagwa faces internal revolt
PRESIDENT Emmerson Mnangagwa faces an internal revolt from Zanu-PF youths who are angry over his recent announcement that his government will follow constitutional provisions and compensate white form...Published: 16 Apr 2019 at 18:40hrs | 11821 | by Staff reporter
Strive Masiyiwa's court papers rejected on a technicality
The South African High Court has not accepted an application presented by Douglas Mboweni on a technicality arguing that the respondent was the CEO of Econet Wireless Zimbabwe, and was not in a capaci...Published: 16 Apr 2019 at 08:22hrs | 3349 | by Staff reporter
Chief Ndiweni fights eviction of white farmers
THE surprise eviction of popular Ntabazinduna farmers, Brain and Carol Davies, who operate Tabas Induna Farm, has attracted the wrath of local chief, Nhlanhla Ndiweni.The couple was served wit...Published: 16 Apr 2019 at 07:06hrs | 3078 | by Staff reporter
Zimbabwe's inflation spikes to 66.8%
Zimbabwe’s annual inflation rate for March rose 7.27 percentage points to 66.8 percent according to Zimbabwe National Statistics Agency (Zimstat). The month on month inflation rate in M...Published: 15 Apr 2019 at 18:41hrs | 3196 | by Ndou Paul
Chamisa's MDC unhappy with IMF assisting Zimbabwe
Cyclone Idai, which brought unprecedented destruction as incessant rain and gusty winds caused catastrophic damage, has prompted the International Monetary Fund (IMF) to agree to deepen the Fund's eng...Published: 15 Apr 2019 at 10:58hrs | 4023 | by Staff reporter
Mthuli Ncube triggers panic
LONG-suffering Zimbabweans should brace for even tougher economic times ahead, following last week's surprise announcement by Finance minister Mthuli Ncube that the country would have yet another curr...Published: 15 Apr 2019 at 10:56hrs | 19669 | by Staff reporter
New currency triggers panic in Zimbabwe
Long-suffering Zimbabweans should brace for even tougher economic times ahead, following last week's surprise announcement by Finance minister Mthuli Ncube that the country would have yet another curr...Published: 15 Apr 2019 at 06:57hrs | 6926 | by Staff reporter
MDC backs Mnangagwa
THE MDC Alliance has said compensation of white former commercial farmers is a must as debate on the issue rages after government said it would to pay the farmers for losses suffered during the land r...Published: 15 Apr 2019 at 06:48hrs | 4405 | by Staff reporter
Calls for salary, wage adjustments intensify
The Institute of People Management of Zimbabwe (IMPZ) has called for an upward review on the taxable wage threshold from RTGS$350 to cushion workers from the rising cost of living.In the 2019 ...Published: 15 Apr 2019 at 06:43hrs | 1490 | by Staff reporter
'Be wary of political gladiators' moans Mnangagwa - what is to fear in another 'legal' coup
"If any members or structures of the party have any grievances, the laid-out rules, regulations and procedures must be followed," Mnangagwa told his Zanu-PF Youth League members. "As you carry...Published: 14 Apr 2019 at 19:24hrs | 1427 | by Patrick Guramatunhu
Zimbabwe says US$ not good for economy
ZIMBABWE's continued use of the United States dollar is no longer sustainable for the economy as it hurts industry's competitiveness, a Cabinet minister has said.Industry and Commerce minister...Published: 14 Apr 2019 at 10:03hrs | 1489 | by Staff reporter
Zimbabwe economy stabilising, claims Mthuli Ncube
FINANCE minister Mthuli Ncube says Zimbabwe's economy is stabilising following the introduction of economic reforms announced under his Transitional Stabilisation Programme (TSP).Latest offici...Published: 13 Apr 2019 at 15:51hrs | 2003 | by Staff reporter
Mthuli Ncube lampooned over new currency plans
Finance minister Mthuli Ncube yesterday came under fire from economists who accused him of rushing to announce plans to re-introduce the Zimbabwe dollar before addressing factors which led to its coll...Published: 13 Apr 2019 at 13:17hrs | 2148 | by Staff reporter
Is it now conducive to introduce new currency in Zimbabwe?
FOR many years now, ever since Zimbabwe realised that it was pointless to keep propping up its useless hyperinflation-ravaged Zimbabwe dollar, the rallying call from government has been that the count...Published: 13 Apr 2019 at 13:13hrs | 810 | by Staff reporter
Mnangagwa fumes
PRESIDENT Emmerson Mnangagwa yesterday warned retailers and companies against "unjustified" price increases which he said had brought untold suffering to ordinary Zimbabweans.Incidentally, as ...Published: 12 Apr 2019 at 08:24hrs | 13364 | by Staff reporter
Zimbabwe's national budget shrinks to US$2bn
Zimbabwe's US8,2 billion 2019 national budget, presented by Finance minister Mthuli Ncube at a time the UD dollar was officially trading par with the country's quasi-currencies on November 22 last yea...Published: 12 Apr 2019 at 07:29hrs | 607 | by Staff reporter
RBZ warns over wild interest rates
The Reserve Bank of Zimbabwe (RBZ) has warned domestic banks against arbitrary hikes of lending rates and called for a fine balancing act in dealing with cost and inflationary pressures to avoid tippi...Published: 12 Apr 2019 at 07:28hrs | 2099 | by Staff reporter
WATCH: Mthuli Ncube says, 'Zimbabwe to introduce new currency 'in next 12 months'
FINANCE minister Mthuli Ncube has revealed that the country will have its own "new, fully-fledged currency" within the next 12 months to ease the cash shortages on the market.In an interview w...Published: 12 Apr 2019 at 07:17hrs | 6429 | by Staff reporter
Time to stop mischief of bashing under guise of reporting
IN the first analysis and final analysis, newspapers — in spite of and despite their editorial slant — should — and must — be guided by accuracy. Accuracy is the be-all and end-all."Wh...Published: 12 Apr 2019 at 06:49hrs | 141 | by Conway Tutani
Ex-Zipra cadre predicts civil unrest
WHITE former Zimbabwe Peoples' Revolutionary Army (Zipra) freedom fighter, Jeremy Brickhill has warned that Zimbabwe is heading for conflict and urged citizens to find each other and stop the blame ga...Published: 12 Apr 2019 at 06:45hrs | 1043 | by Staff reporter
Bank fined US$18 million for violation US sanctions – sanctions are now hitting the target, great
"Dear Zimbabwe US sanctions against Zimbabwe are not targeted. They affect all of us. Don't listen to the United States Embassy propaganda," Trevor Ncube said.Ncube was speaking after the Unit...Published: 11 Apr 2019 at 20:49hrs | 2127 | by Patrick Guramatunhu
Zimbabwe to engage Germany, Netherlands over land compensation
Zimbabwe will soon engage in high level negotiations with Germany and the Netherlands on the compensation of evicted former white commercial farmers who lost their land reform exercise. Source...Published: 11 Apr 2019 at 07:51hrs | 1274 | by Staff reporter
IMF, Zimbabwe agree on policies & reforms
The International Monetary Fund and Government have reached agreement on macroeconomic policies and structural reforms that can underpin a Staff Monitored Programme. This follows a visit ...Published: 11 Apr 2019 at 07:30hrs | 1841 | by FinX
Zimbabwe white farmers set new compensation demands
GOVERNMENT has been driven into a tight corner over compensation of white former commercial farmers who lost land during the country's fast-track land reform programme after the former farmers tabled ...Published: 11 Apr 2019 at 07:20hrs | 1543 | by Staff reporter
Mthuli Ncube to update IMF on Zimbabwe
FINANCE and Economic Development Minister Professor Mthuli Ncube is in Washington DC, the United States of America (USA) for the International Monetary Fund and World Bank 2019 Spring Meetings, where ...Published: 11 Apr 2019 at 07:14hrs | 431 | by Staff reporter
Price hikes choke Zim growth prospects: World Bank
THE World Bank (WB) says the currently spiralling price increases in Zimbabwe will have a negative impact on the country's growth prospects.Earlier this year, the World Bank projected that Zim...Published: 10 Apr 2019 at 06:51hrs | 727 | by Staff reporter
Ncubenomics
In February, Reserve Bank Governor, John Mangudya announced the introduction of the RTGS dollar - the currency that confirmed what we knew all along: one is not to one. The RTGS dollar was initially s...Published: 09 Apr 2019 at 15:19hrs | 3336 | by Kubatana
Knives out for Mnangagwa
Zimbabweans across political divide have reacted angrily to President Emmerson Mnangagwa's stance to compensate white farmers who lost their land during the fast track land reform program at the turn ...Published: 09 Apr 2019 at 11:37hrs | 21379 | by Mandla Ndlovu
Make fresh interbank interventions: Industry
CAPTAINS of industry have called on authorities to make fresh interventions in the inter-bank market to ensure access to foreign currency for importation of critical raw materials for the manufacturin...Published: 09 Apr 2019 at 07:22hrs | 253 | by Staff reporter
Forex duty on vehicles to stay, says Mthuli
VEHICLE importers will continue to pay duty in foreign currency despite the introduction of the interbank foreign currency market, as Government seeks to promote policy consistency. This was s...Published: 09 Apr 2019 at 07:21hrs | 1342 | by Staff reporter
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