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Mnangagwa keeping Zim dollar to oppress Zimbabweans!
Why is the Zimbabwe government so adamant in holding on to a useless currency?On what logic would anyone believe that it is a good idea to continue using money that loses its value nearly on a...Published: 06 Mar 2024 at 23:33hrs | 1108 | by Tendai Ruben Mbofana
Zimbabwe inflation hits 6-month high
Zimbabwe's inflation rate jumped to its highest level in six months as the local dollar continued its losing streak against the greenback, in one of its worst starts to the year since the currency's r...Published: 29 Feb 2024 at 20:38hrs | 1107 | by Staff reporter
Heat's double champ claims Adebayo tops Davis in defense
In the National Basketball Association (NBA), heated debates about player rankings are never-ending. Recently, these discussions have been stirred up by Norris Cole, a two-time Miami Heat champion. ...Published: 26 Feb 2024 at 21:12hrs | 82 | by Staff Reporter
Why close Sekunjalo Bank account when Steinhoff is still having one?
The decision to shut down the Sekunjalo Group's bank accounts and associated companies is a clear case of discrimination masquerading as concern over "reputational risk."Ongoing legal battles ...Published: 25 Feb 2024 at 08:12hrs | 226 | by Edmond Phiri
The maize crop is now on the brink of total loss
Lost in her zen and solitude, the old widow scanned the skies, her elderly eyesight failing her. But, no sign of rain. The skies seem to have put in place 'targeted sanctions' against some majority co...Published: 20 Feb 2024 at 11:08hrs | 477 | by Tondo Murisa
RBZ boss designate hits ground running
JOHN Mushayavanhu, the incoming governor of the Reserve Bank of Zimbabwe (RBZ), has already started contributing to the 2024 monetary policy statement (MPS), getting things going right away, Sta...Published: 18 Feb 2024 at 09:19hrs | 1203 | by Staff reporter
Zimbabwe civil servants push for urgent meeting
THE Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) has pleaded with Public Service minister July Moyo to convene an urgent National Joint Negotiating Council (NJNC) meeting to address c...Published: 15 Feb 2024 at 10:07hrs | 705 | by Staff reporter
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 424 | by Staff reporter
Traders reject Zimdollar
THE Zimbabwe dollar has continued to depreciate in 2024, with traders in some areas now refusing to accept the local currency, while parallel market exchange rates have been differing across the count...Published: 12 Feb 2024 at 13:49hrs | 164 | by Staff reporter
Another plan to rescue Zimdollar
ZIMBABWE is considering overhauling its exchangerate regime as the government seeks new measures to save its beleaguered currency.The latest proposals will be in a monetary policy statement th...Published: 11 Feb 2024 at 21:07hrs | 1049 | by Staff reporter
Zimbabwe family basket doubles to ZWL$6,2m
The family basket has nearly doubled to ZWL$6,2 million from ZWL$3,6 million in December due to the continued depreciation of the Zimdollar, the Consumer Council of Zimbabwe (CCZ) has said, spelling d...Published: 07 Feb 2024 at 04:46hrs | 365 | by Staff reporter
Harare Poly ordered to accept Zimdollar fees
THE High Court has ordered the Harare Polytechnic College to accept payment of tuition and other levies in the free-falling local currency.The institution had issued a circular on January 12 t...Published: 02 Feb 2024 at 17:23hrs | 549 | by Staff reporter
Zimdollar crashes to lowest since its 2019 revamp
A fresh plunge in the value of the Zimbabwean dollar means that everyone in the country with US$100 is now a millionaire in local-currency terms. Again.The local unit on Tuesday weakened past ...Published: 31 Jan 2024 at 04:56hrs | 3949 | by Staff reporter
Zimbabwe's inflation surges following Zimdollar rout
Inflation in Zimbabwe surged as a currency rout pushed up the prices of goods and services, adding to pressure on the central bank to act.Consumer prices rose an annual rate of 34.8% in Januar...Published: 29 Jan 2024 at 16:30hrs | 1330 | by Staff reporter
Econet calls for balanced regulation
ECONET Wireless Zimbabwe has called for balanced regulation in the telecommunications sector, given the rising operational costs driven by inflation and the shift to using the greenback.In a t...Published: 22 Jan 2024 at 10:13hrs | 189 | by Staff reporter
Bread shoots to US$1,30 in Zimbabwe
PRICES of most basic commodities, particularly food items, have surged by more than 30% since last year as the Zimbabwe dollar continues to lose value against the greenback.The new 15% value-added tax...Published: 22 Jan 2024 at 10:02hrs | 2189 | by Staff reporter
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | 1021 | by Staff reporter
Zimdollar bloodbath set to continue into coming year
THE depreciation of the Zimbabwe dollar in 2023 is likely to spill into 2024, with experts forecasting an increase in the cost of doing business, production and increased pressure on the exchange rate...Published: 30 Dec 2023 at 16:33hrs | 4700 | by Staff reporter
Colourful place names of Rhodesia and their origin
THE TRACING of place names in a country in Africa can be both fascinating and frustrating. One must know – or quickly learn – something about history, about geography and the origins of word...Published: 28 Dec 2023 at 17:59hrs | 1908 | by Phillippa Berlyn with some amendments by Tony Tanser
Zimbabwe MPs: Whose interests are they serving?
THIS writer was shocked to learn about Finance minister Mthuli Ncube giving in to the demands of the Zimbabwean MPs regarding the need for an upward variation for the budget for Parliament (NewsDay, D...Published: 27 Dec 2023 at 07:28hrs | 312 | by Nicholas Aribino
Zimdollar decline fueled by surge in money supply
THE Zimbabwe dollar has taken a battering in the past month with economists attributing the depreciation of the local currency to increased money supply after private and public sector employees were ...Published: 24 Dec 2023 at 16:10hrs | 819 | by Staff reporter
Zimbabwe currency crisis holding back power deals
ENERGY and Power Development minister Edgar Moyo says investments into Zimbabwe's power sector have been affected by high currency induced risks.However, Moyo told businessdigest that currency...Published: 22 Dec 2023 at 18:23hrs | 316 | by Staff reporter
Lifeline for SA-based unbanked Zimbabweans
SOUTH AFRICA-BASED Zimbabwean-owned ACID Financial Services company has rolled out banking services targeting unbanked Zimbabweans based in the neighbouring country without valid permits but have vali...Published: 07 Dec 2023 at 05:30hrs | 556 | by Staff reporter
Zimbabwe govt pegs property rentals in US$
GOVERNMENT has pegged monthly rentals for all its properties in United States dollars ranging from US$5 to US$160, as the Zimdollar continues to lose value against the greenback.A Finance mini...Published: 28 Nov 2023 at 05:27hrs | 1022 | by Staff reporter
Zimbabweans sink deeper into poverty
THE Zimbabwe National Statistics Agency (ZimStat) says the total consumption poverty line (TCPL) for the month of November increased 9,5% to ZWL$115,090.00 for an individual from ZWL$105,071.98 in Oct...Published: 28 Nov 2023 at 05:24hrs | 423 | by Staff reporter
Mumba money CEO and Mukuru CIO share insights at a financial services event in Johannesburg
The Evolution of Cross-Border Payments Conference held in Johannesburg brought together industry leaders, experts, and visionaries to discuss the future of the global payments landscape. The event wit...Published: 23 Nov 2023 at 11:17hrs | 2297 | by Mandla Ndlovu
'Zimdollar here to stay'
GOVERNMENT says it will announce a clear and transparent roadmap towards de-dollarisation to avoid shocks that may hurt the economy and drive citizens deeper into poverty.The country was due t...Published: 17 Nov 2023 at 05:06hrs | 577 | by Staff reporter
Zimbabwe pensioners to be compensated for 2007-9 losses
PENSIONERS who lost their life savings during the 2007 to 2009 hyper-inflation era will receive compensation from February 2024, a senior Insurance and Pensions Commission (Ipec) official has said....Published: 17 Nov 2023 at 05:05hrs | 692 | by Staff reporter
Can we honestly say someone in ICU is 'doing very well'?
So, finance minister Mthuli Ncube actually believes Zimbabwe's economy is 'doing very well'!Wow!Talk about delusional thinking!Or, perhaps it is just someone who is deliberatel...Published: 03 Nov 2023 at 17:56hrs | 577 | by Tendai Ruben Mbofana
51 Zimbabwe parastatals fail to submit financials
A total of fifty-one state-owned enterprises have failed to submit their financial statements for auditing to the Auditor-General, as required by law.The Acting Auditor-General, Mrs. Rhea Kuji...Published: 02 Nov 2023 at 05:40hrs | 175 | by Staff reporter
Another disappointing result for Highlanders
Bulawayo Chiefs FC 0-0 Highlanders FCHighlanders endured another disappointing outcome, extending their winless streak to six games as they settled for a goalless draw. Despite having better chanc...Published: 23 Oct 2023 at 06:47hrs | 378 | by Staff reporter
Challenging the Throne: Who can dethrone LeBron James from Basketball Olympus?
In basketball, LeBron James has reigned supreme for over a decade. His unparalleled skills, unmatched versatility, and unwavering determination have propelled him to the sport's summit, earning him th...Published: 29 Sep 2023 at 19:07hrs | 331 | by Staff Reporter
2 Mutsvangwas, 6 women and 3 Mnangagwas
With former television personality Tatenda Mavetera thrown into the mix, one needs very little imagination to describe Zimbabwe's Cabinet that was sworn into office early this week following a sham el...Published: 15 Sep 2023 at 22:09hrs | 4883 | by Luke Tamborinyoka
Zimdollar remains volatile
LOCAL financial service firm Fincent Securities Private Limited (Fincent) says the Zimbabwe dollar has lost significant value since the announcement of the disputed election results.From the e...Published: 10 Sep 2023 at 09:00hrs | 546 | by Staff reporter
Zimdollar depreciation scares Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube is concerned about the depreciation of the local currency against the greenback as he drafts the national budget for 2024, fearing Zimbabwe's fis...Published: 18 Aug 2023 at 18:10hrs | 107 | by Staff reporter
A vote not cast, is a future lost
SOME citizens think that voting is a waste of time. Many a time, these people don't think that their circumstances can be changed by voting because of the assumption that associates politics with dirt...Published: 18 Aug 2023 at 06:58hrs | 12 | by Nicholas Aribino and Cyprian Muchemwa
Mthuli Ncube pleads with Zimbabweans to embrace Zimdollar
TREASURY boss Mthuli Ncube has pleaded with Zimbabweans to embrace the local currency for the country to achieve growth and stability objectives of National Development Strategy 1 economic blueprint....Published: 12 Aug 2023 at 07:53hrs | 20 | by Staff reporter
So Mnangagwa govt finally admits local currency wasn't sabotaged after all!
We have said it numerous times before.The Zimbabwe government is lying about saboteurs - who are usually faceless so-called 'regime change agents', supposedly operating in cahoots with 'our de...Published: 11 Aug 2023 at 16:26hrs | 22 | by Tendai Ruben Mbofana
Econet, EcoCash announce rights offer
LISTED telecoms firm Econet Wireless Zimbabwe Limited (EWZL) and its subsidiary EcoCash Holdings yesterday announced a renounceable rights issue to raise US$30,3 million for the redemption of existing...Published: 25 Jul 2023 at 08:23hrs | 34 | by Staff reporter
Zimbabwe central bank owes over $4bn for food, fuel supply
Zimbabwe's central bank has racked up debts of more than $4 billion to banks and companies, including commodities giant Trafigura Group and national flag carrier South African Airways.The Rese...Published: 22 Jul 2023 at 08:07hrs | 10 | by Staff reporter
Zimdollar flips to best currency in the world?
The rebound, driven by new rules that require corporate taxes to be settled in the local currency, are seen easing inflation ahead of next month's general elections.In most countries, the curr...Published: 20 Jul 2023 at 17:27hrs | 38 | by Staff reporter
'US$400m facility won't stabilise Zimbabwe economy'
OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currenc...Published: 19 Jul 2023 at 06:43hrs | | by Staff reporter
UK: Zimfest Live reveal exciting 2023 line-up for Herts Showground
New and familiar names including Killer T, Tocky Vibes, Berita, Musa Keys and Sha Sha have been added to the line-up, as revealed in the latest stage announcement.Zimfest Live will return in J...Published: 17 Jul 2023 at 09:19hrs | 46 | by Tidi Kwidini
ZEC ahead of schedule, designs ballots
The Zimbabwe Electoral Commission (ZEC) is this month primarily focusing on the designing of ballots, procurement of materials, the training of electoral officers and the setting up of command centres...Published: 17 Jul 2023 at 06:52hrs | 12 | by Staff reporter
Biti says pharmacy licence cancellation illegal
FORMER finance minister, Tendai Biti, says the suspension and cancellation of trading licences for pharmaceutical companies for flouting foreign exchange regulations is "blatantly illegal, puerile and...Published: 14 Jul 2023 at 07:45hrs | 20 | by Staff reporter
Numbers don't lie, facts are stubborn mules
THINK of a bowl of soup; you don't have to take it all to feel the taste but just a spoonful, such is the case with opinion polls that have concluded that if elections are held today, President Mnanga...Published: 13 Jul 2023 at 06:59hrs | 4 | by Staff reporter
It's time for a new Zimbabwe currency
ZIMBABWE'S official month-on-month inflation figure for May was reported at 75,4% (CPI), by the Zimbabwe National Statistics Agency (ZimStats).The annual inflationary pressures for...Published: 08 Jul 2023 at 09:57hrs | 28 | by Kevin Tutani
RBZ begins digital dollar dry-run
The Reserve Bank of Zimbabwe (RBZ) has begun a dry-run to test the feasibility of a digital currency backed by gold that will be accepted as a legal tender for peer to peer and peer to business transa...Published: 06 Jul 2023 at 17:23hrs | | by Staff reporter
Putin and the Wagner mutiny
"The truth is rarely pure and never simple"Oscar Wilde, The Importance of Being Earnest (1895)On 23rd June 2023 the Western media became delirious with joy when the heard that there was a ...Published: 02 Jul 2023 at 15:39hrs | 19 | by Ian Beddowes
Russia's Wagner has 'footprints in Zimbabwe'?
RUSSIAN mercenary group Wagner Group has been implicated in illicit gold mining dealings in Zimbabwe, according to a latest report by data analysts and an African research organisation.The Wag...Published: 02 Jul 2023 at 07:46hrs | 19 | by Staff reporter
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