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Zanu-PF to expel Old Mutual from Zimbabwe?
Zimbabwe's ruling party said it will expel Old Mutual Ltd. from its financial system, sowing confusion over the status of the insurance giant in the country and what will happen next in the government...Published: 11 Jul 2020 at 16:47hrs | 10410 | by Bloomberg
Justice Mangota in maintenance row
THE estranged wife of High Court judge David Mangota has approached the courts seeking a variation of her $500 monthly maintenance fees which she is receiving from the judge, saying it was not suffici...Published: 11 Jul 2020 at 08:13hrs | 2764 | by Staff reporter
Smells like November 2017
WHEN harvesting is completed in many parts of rural Zimbabwe, there are many rituals that take place.Villagers hold night vigils, sing and dance, but more importantly for those who love blood ...Published: 11 Jul 2020 at 08:10hrs | 1937 | by Paidamoyo Muzulu
Chamisa's MP approaches court over mandatory fuel blending
HARARE North member of the National Assembly and businessman Allan Markham has approached the High Court for an order to set aside regulations for the mandatory blending of anhydrous ethanol with unle...Published: 10 Jul 2020 at 07:18hrs | 2464 | by Staff reporter
Pressure mounts on Mnangagwa
Pressure is mounting on President Emmerson Mnangagwa's administration to resolve the economic crisis as the cost of living skyrockets.This comes as the local currency continues to lose value a...Published: 09 Jul 2020 at 20:53hrs | 9656 | by Staff reporter
Zanu-PF threatens to clamp down on big business
ZANU-PF has threatened to clamp down on big business fond of disrupting government policies by inflating prices of goods and manipulating the black market.Speaking at a policy meeting in Harar...Published: 09 Jul 2020 at 07:23hrs | 3029 | by Staff reporter
So much lies and distortions in Zimbabwean history - the true story needs to finally be told
When renowned pan-Africanist Marcus Garvey famously said, "A people without the knowledge of their past history, origin and culture is like a tree without roots", he had a very valid point, as indeed,...Published: 02 Jul 2020 at 14:27hrs | 1829 | by Tendai Ruben Mbofana
RBZ invites all forex holders to use new auction systems
The Reserve Bank of Zimbabwe (RBZ)'s monetary policy committee (MPC) has implored all holders of foreign currency to sell their money through the apex bank's auction market at their preferred prices, ...Published: 01 Jul 2020 at 17:55hrs | 1686 | by Staff reporter
Residents protest bond note snub
Mpopoma residents demonstrate at Mahomva shopping centre against the rejection of bond notes by general dealer shops on MondayDISGRUNTLED residents of Mpopoma high-density suburb in Bulawayo o...Published: 01 Jul 2020 at 07:26hrs | 1173 | 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 | 5842 | by Staff reporter
Zimdollar tanks again
The forex auction conducted this Tuesday saw the Zimbabwe dollar depreciating to Z$63.74 to the US dollar from $57.36 last week.This is the second day of the foreign currency auction foll...Published: 30 Jun 2020 at 17:42hrs | 6186 | by Staff reporter
Zimdollar continues to tumble
A forex dealer brandishes wads of $2 and $5 notes in Harare. The Zimdollar has continued losing value against stronger currencies like the rand and the United States dollar.THE Zimbabwe dollar...Published: 29 Jun 2020 at 07:46hrs | 4259 | by Staff reporter
Mobile money transactions not to blame for economic woes
FORMER Finance minister Tendai Biti has called government's ban on trading on the Zimbabwe Stock Exchange (ZSE) and all mobile money transactions as "madness" with terrible consequences.The ba...Published: 28 Jun 2020 at 08:15hrs | 559 | by Staff reporter
If only RBZ could listen
Reserve bank of Zimbabwe (RBZ), On the 30th of December 2019 I wrote to the governor of (Reserve Bank of Zimbabwe) RBZ, the Ministry of Finance and the government that the growth of a dominating mobil...Published: 27 Jun 2020 at 09:33hrs | 3029 | by Engineer Jacob Kudzayi Mutisi
Zimbabwe fuel price hike raises ethanol eyebrows
ZIMBABWE'S fuel is the most expensive in the region following this week's price hike, amid grave concern over the cost component of locally-produced ethanol on the overall petrol price. Ethanol is sup...Published: 26 Jun 2020 at 07:55hrs | 2870 | by Staff reporter
'RBZ's forex auction system not panacea to Zimdollar volatility'
THE Confederation of Zimbabwe Industries (CZI) has cautioned that curtailing the increase in broad money supply, among a range of fiscal measures, would ensure the success of the foreign currency auct...Published: 26 Jun 2020 at 07:50hrs | 1953 | by Staff reporter
Zimbabwe army, Chinese deal collapses
The military is terminating its platinum mining deal with a Chinese firm to pave the way for new investors after over a decade of unfruitful engagement.The development comes after Global Plati...Published: 25 Jun 2020 at 16:37hrs | 2596 | by Staff reporter
Pessimism grips forex platform
Business wants more "transparency more than promises" on the foreign currency auction system for the platform to succeed as the parallel market continued unabated yesterday, a day after monetary autho...Published: 25 Jun 2020 at 16:36hrs | 2184 | by Staff reporter
A skeletal cow 'knocking at the butcher's door'
They will stumble those who hurry, true to that saying, the tobacco farmers who rushed to the auction floors hoping to be the early birds catching the fattest worms are now regretting the decision. ...Published: 25 Jun 2020 at 07:55hrs | 2105 | by Thomas Tondo Murisa
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 | 4058 | by Staff reporter
Zimdollar tumbles
THE Zimbabwe dollar shed nearly 79% of its value on the first day of being floated under a foreign currency auction system launched yesterday.At the close of the auction, the official exchange...Published: 24 Jun 2020 at 07:28hrs | 4367 | by Staff reporter
Mliswa, Chatunga in twitter WAR over Grace Mugabe
OUTSPOKEN Norton legislator, Temba Mliswa is back again to haunt former President Robert Mugabe's family with demands for President Emmerson Mnangagwa to seize farms which are still in the hands of th...Published: 23 Jun 2020 at 07:55hrs | 3381 | by newzimbabwe
The monied are as slippery as eels
Amid all the euphoria and jubilation celebrating this windfall, the Covid19 US$75 allowance awarded to civil servants, where does the NSSA pensioner stand? The government pensioner is also smi...Published: 20 Jun 2020 at 21:05hrs | 1245 | by Thomas Tondo Murisa
Mnangagwa faces sterner test
EMBATTLED President Emmerson Mnangagwa is facing his sternest economic test since assuming power in 2017 as the crash of the Zimbabwean dollar pushes up prices, amid growing disenchantment with his le...Published: 19 Jun 2020 at 08:26hrs | 9753 | by Staff reporter
It's never too late to correct our mistakes
WHEN the government was warned against hastily re-introducing a local currency without the necessary back-up to stabilise the local currency, it insisted that the move would stir production and ensure...Published: 19 Jun 2020 at 08:04hrs | 214 | by Staff reporter
When govt steals your car and gives you back only one wheel - the charade of civil servants' 'salary increments'
Whenever I hear the Zimbabwe government announce a civil servants' salary increment, I can not help being thoroughly perplexed, if not downright bewildered, by the proud and self-congratulatory manner...Published: 18 Jun 2020 at 16:37hrs | 1587 | by Tendai Ruben Mbofana
Shadow banks posing another danger for Zimbabwe's economy
More than ever before, it is becoming important for Zimbabwe to strengthen its legislation and regulations to guard against situations whereby shadow banks could plunge the country's economy into the ...Published: 17 Jun 2020 at 21:22hrs | 3058 | by Dr Tim Rainhard
Mnangagwa: On a wing and a prayer
THIS has been a terrible week for President Emmerson Mnangagwa. It has been more than terrible – a week in which government was always on the backfoot. A week during which the regime's sterility has...Published: 13 Jun 2020 at 09:34hrs | 344 | by Paidamoyo Muzulu
Mnangagwa accuses business of plotting to topple him
PRESIDENT Emmerson Mnangagwa has blamed business and hostile foreign governments for the collapse of the local currency and destabilising his government to force him out of power.Addressing an...Published: 11 Jun 2020 at 07:56hrs | 3551 | by Staff reporter
'Zanu-PF captured'
ZANU-PF's politburo members have allegedly been captured and were no longer keen on fighting corruption, a former Zanu-PF youth league political commissar has claimed.Former youth league polit...Published: 10 Jun 2020 at 08:00hrs | 6658 | by Staff reporter
Lewis Matutu savages Mnangagwa over corruption
Former Zanu-PF youth league deputy secretary Lewis Matutu deleted his Twitter account on Saturday, hours after appearing to take aim at President Emmerson Mnangagwa and his family for corruption....Published: 09 Jun 2020 at 10:50hrs | 11030 | by Staff reporter
Zimbabwe's debt-to-GDP ratio to exceed 100%
THE Zimbabwe Economic Policy Analysis and Research Unit (Zeparu) says the country's debt to gross domestic product (GDP) ratio will balloon to 101,6% by year end due to legacy debt, farmers' compensat...Published: 09 Jun 2020 at 08:02hrs | 313 | by Staff reporter
Chiwenga hints on displacement of 2 500 Chilonga villagers
Vice-President Constantine Chiwenga on Wednesday told Chiredzi villagers that changes on their current settlement would be made after the COVID-19 crisis in a clear sign that government was determined...Published: 06 Jun 2020 at 18:26hrs | 3729 | by Staff reporter
Patriots MUST always defend our Fort
When reports reached this country about thousands of Zimbabweans in cruise ships and heading back to their country from overseas, President Mnangagwa said the diasporans were welcome back home as they...Published: 06 Jun 2020 at 07:41hrs | 207 | by Stephen Mpofu
Labour cranks pressure on USD salaries
The Zimbabwe Congress of Trade Unions (ZCTU) wants the government to come up with a clear economic reform strategy culminating in the redollarisation of the economy as the weakening local currency tak...Published: 04 Jun 2020 at 17:56hrs | 2094 | by Staff reporter
Companies refuse RTGS, demand USD, cash
A number of businesses, especially manufacturers, retailers and suppliers, are refusing to accept payment in local currency in preference for US dollars and cash citing persistent volatility of the Zi...Published: 04 Jun 2020 at 17:01hrs | 892 | by Staff reporter
RBZ plots ambush to rein in exchange rates
The Reserve Bank of Zimbabwe (RBZ) will henceforth use 'ambush raids' as a strategy within its array of policy interventions as the monetary authorities battle to break persistent buffeting of the dom...Published: 01 Jun 2020 at 08:31hrs | 1369 | by Staff reporter
Clueless gaze in the face of free-falling Zimdollar
THE spectacular collapse of the Zimbabwean dollar in the past week has yet again exposed the government's bankrupt currency policies worsening the country's deepening economic crisis.The Zimdo...Published: 29 May 2020 at 08:17hrs | 426 | by Staff reporter
Court upholds suspension of EcoCash agents
The Reserve Bank of Zimbabwe (RBZ) acted within its mandate when it suspended EcoCash mobile money agents from conducting financial transactions to curb abuse, the High Court has ruled, and so there c...Published: 27 May 2020 at 07:13hrs | 227 | by Staff reporter
Wolves are at it again, destroying Zimbabwe's currency
Once again, officials at the Ministry of Finance and Economic Development, along with the honchos at the Reserve Bank of Zimbabwe (RBZ) find themselves on the back foot of powerful forces that are man...Published: 24 May 2020 at 22:03hrs | 2854 | by Andrew Lampard
Zimdollar crashes
LONG suffering Zimbabweans will have to dig deeper into their pockets to survive, after prices of basic goods went up sharply again at the weekend - on the back of the collapsing Zim dollar.At...Published: 24 May 2020 at 16:50hrs | 10781 | by Staff reporter
Lodges closure fuels bush, car sex
THE Covid-19 pandemic which has forced the temporary closure of lodges to stop the spread of the coronavirus has also pushed some randy lovebirds to brazenly use cars and bushy areas close to their su...Published: 23 May 2020 at 19:52hrs | 6604 | by Staff reporter
Indecisiveness will be the death of opposition politics in Zimbabwe
"In a world in which many people are indecisive and overly cautious, the use of speed will bring you untold power. Striking first, before your opponents have time to ...Published: 17 May 2020 at 15:09hrs | 412 | by Leonard Makuya
Opposition leader vows to defend Chiredzi villagers
ECONOMIC Freedom Fighters (EFF) Zimbabwe president Innocent Gagu Lutshutsha Ndibali has criticised plans by the government to displace thousands of villagers from Chiredzi to pave way for a lucerne pr...Published: 17 May 2020 at 09:31hrs | 312 | by Staff reporter
The Impact of COVID-19 on agriculture in Zimbabwe: Have we learnt anything from the pandemic?
Whilst the Coronavirus (COVID-19) outbreak first hit the Wuhan province of China in November 2019, it soon spread to the rest of the world, and now it has affected over 4 million people, causing over ...Published: 14 May 2020 at 18:44hrs | 630 | by Staff reporter
Dr Shingi Munyeza; a canary in a coal mine
As a millenial growing up in the digital age where millions of videos whizz about online, it's hard to take it all in and make head or tail.But I could not ignore one snippet last Sunday in wh...Published: 14 May 2020 at 14:06hrs | 2532 | by Josiah Mucharowana in Pretoria
The Impact of COVID-19 on agriculture in Zimbabwe: Have we learnt anything from the pandemic?
Whilst the Coronavirus (COVID-19) outbreak first hit the Wuhan province of China in November 2019, it soon spread to the rest of the world, and now it has affected over 4 million people, causing over ...Published: 14 May 2020 at 11:14hrs | 332 | by Peter Gambara
Shingi Munyeza exposes Nick Mangwana?
President Emmerson Mnangagwa's advisor Shingi Munyeza has insinuated that Secretary for Information Nick Mangwana is behind the Twitter account called Charity Maodza. The ma...Published: 12 May 2020 at 16:04hrs | 4408 | by Mandla Ndlovu
Time for the opposition to tighten its belts
Politicians with a self serving agenda must not be given any chance to trample on people's struggle or shrinking the democratic space in the country.Zimbabweans must reject and dispose of poli...Published: 11 May 2020 at 15:14hrs | 705 | by Leonard Koni
Price controls, a clear path to market shortages
The Zimbabwean government passed a price moratorium (prize freeze) on the 22nd of April 2020. The moratorium compels retailers and producers to revert back to the prices that prevailed on the 25th of ...Published: 05 May 2020 at 08:09hrs | 894 | by Victor Bhoroma
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