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Gold coins boost Zimdollar
Black market traders have been left reeling as measures taken by authorities, including new gold coins, to support the embattled local currency dry up excess liquidity and erode arbitrage opportunitie...Published: 22 hrs ago | 378 | by Staff reporter
Zimdollar depreciation on parallel and RBZ markets eases
THE depreciation of the Zimbabwean dollar has begun to ease on both the parallel and official market following months of a sustained downward spiral which saw the local currency losing more than half ...Published: 18 Aug 2022 at 06:48hrs | 2927 | by Staff reporter
Interest rate hike haunts black market kingpins
Interventions by the Reserve Bank of Zimbabwe (RBZ) to stem prolonged currency battering have sent black market rates tumbling by over 50 percentage points within a month, Inter Horizon Securities (IH...Published: 16 Aug 2022 at 06:40hrs | 1191 | by Staff reporter
Zimbabwe central bank declares victory
THE Reserve Bank of Zimbabwe (RBZ) says as of last Wednesday, 4 475 gold coins valued at $3,7 billion had been bought with 90% being local currency purchases, a move it says has cooled the galloping p...Published: 15 Aug 2022 at 06:40hrs | 872 | by Staff reporter
Gold coins' sales hit ZW$3,7 billion, 90% sales in local currency
THE Reserve Bank of Zimbabwe (RBZ) has reported that gold coins' sales have to date reached ZW$3,7 billion with 90% sales being made in the local currency.Presenting the Mid-Term Monetary Poli...Published: 12 Aug 2022 at 20:30hrs | 444 | by Staff reporter
Chamisa slams gold coins introduction in Zimbabwe
CITIZENS Coalition for Change leader, Nelson Chamisa, has slammed the introduction of gold coins, saying they are a conduit for corruption, and called for the country to return to exclusive use of the...Published: 03 Aug 2022 at 18:53hrs | 5343 | by Staff reporter
If civil servants not serious about their own sad plight then why should the rest of us care anymore?
There is a popular saying, "God helps those who help themselves"!I am not quite sure just how scripturally accurate that is - but, it is clearly packed with some wholesome truths!Even ...Published: 30 Jul 2022 at 18:00hrs | 365 | by Tendai Ruben Mbofana
Zimbabwe gold coin out today
The Reserve Bank of Zimbabwe (RBZ) will release the Mosi-oa-Tunya gold coins onto the market today and they will be sold in local currency, US$ and other foreign currencies.Their price is base...Published: 25 Jul 2022 at 06:27hrs | 988 | by Staff reporter
Democratisation of mine workers representation platform critical to build an inclusive NEC
HARARE: Zimbabwe has a monopolistic mine workers' representation system which constitutes National Chamber of Mines and AMWUZ - Associated Mine Workers Union of Zimbabwe.This uneven terrain in...Published: 22 Jul 2022 at 21:54hrs | 119 | by Maxwell Teedzai
Zimdollar official exchange rate breaches $400 mark as black market around $800
THE Reserve Bank of Zimbabwe (RBZ) official exchange rate has reached ZW$403,40 against the greenback in a development experts believe to be prompted by market forces.A trading update released...Published: 20 Jul 2022 at 08:23hrs | 4079 | by Staff reporter
Zimbabwe gold coins to be held for at least 180 days
Individuals and institutional buyers of Reserve Bank of Zimbabwe (RBZ's) gold coins will be required to hold them for at least 180 days before selling while exporters earning less than a million US do...Published: 20 Jul 2022 at 06:34hrs | 704 | by Staff reporter
US$ salary demands grow louder in Zimbabwe
DEMANDS for United States dollar (US$) salaries have increased across all sectors of the economy as a number of employees struggle to buy basic commodities now being charged in the greenback.M...Published: 18 Jul 2022 at 08:26hrs | 1344 | by Staff reporter
There's no one better placed to educate our children over ED regime abysmal failures than parents!
The opportunity to help our children with their learning, especially in light of the more demanding CALA (continuous assessment learning activity) curriculum - which requires much research and analyti...Published: 16 Jul 2022 at 20:13hrs | 419 | by Tendai Ruben Mbofana
'Mthuli Ncube's economic measures illegal'
LEGAL think tank Veritas has poked holes into recent measures announced by Finance Minister Mthuli Ncube to tame inflation saying they undermined Parliament's legislative role.In its latest Bi...Published: 13 Jul 2022 at 07:20hrs | 593 | by Staff reporter
Is ED honestly proud of his five years in office?
All too often I encounter disturbing media reports of ordinary Zimbabweans being callously arrested and hauled before the courts for ostensibly "undermining the authority of/or insulting the president...Published: 12 Jul 2022 at 11:21hrs | 2476 | by Tendai Ruben Mbofana
Zimbabwe can never be Sri Lanka as long as we have citizens who pretend to be brave yet unbelievably cowardly!
It was most intriguing witnessing the immense excitement by ever-suffering and economically burdened Zimbabweans, as news broke out over unfolding events in the Sri Lankan capital Colombo - after rest...Published: 11 Jul 2022 at 10:41hrs | 1671 | by Tendai Ruben Mbofana
Price controls backfires in Zimbabwe
MANUFACTURERS and retailers have reportedly deliberately stopped supplying basic commodities such as mealie-meal, cooking oil and sugar, resulting in shortages as government's pricing regulations begi...Published: 05 Jul 2022 at 07:05hrs | 3918 | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | 1168 | by Staff reporter
Mnangagwa's ailing govt splurges millions on ministers
GOVERNMENT will soon splurge millions of United States (US) dollars to buy luxury homes for Cabinet ministers and their deputies at a time President Emmerson Mnangagwa's administration is ...Published: 01 Jul 2022 at 19:45hrs | 2579 | by Staff reporter
Who cares if the presidents knows bread price, when millions of Zimbabweans can’t afford even a loaf?
I am quite sure the reckless, but rather self-conceited, statement by information ministry permanent secretary, Nick Ndavaningi Mangwana - to the effect that Zimbabwe President Emmerson Dambudzo Mnang...Published: 01 Jul 2022 at 04:44hrs | 709 | by Tendai Ruben Mbofana
'Mthuli Ncube, John Mangudya must resign'
OPPOSITION political parties have demanded that Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe (RBZ) governor John Mangudya resign, accusing them of crafting anti-poor policies that are wo...Published: 29 Jun 2022 at 07:49hrs | 3162 | by Staff reporter
Mthuli Ncube redollarises
GOVERNMENT yesterday brought back the United States dollar as legal tender to stem rising inflation and restore confidence in the economy, but critics say the move will lead to more demands for salari...Published: 28 Jun 2022 at 07:26hrs | 9219 | by Staff reporter
Chamisa to introduce full dollarisation
CITIZENS Coalition for Change (CCC) political party has effectively backed the need for Zimbabwe to adopt its own currency but maintained that such a strategy must only be implemented in a conducive e...Published: 22 Jun 2022 at 06:49hrs | 4054 | by Staff reporter
Zimbabwe state workers scoff at 100% raise, as inflation hits 132%
Zimbabwean public servants have rejected an offer for a 100% pay increase from the government of the Southern African nation where inflation surged to 132% last month. Workers "flatly rejected...Published: 19 Jun 2022 at 10:25hrs | 1126 | by Staff reporter
Captured judiciary: No evidence that ConCourt judges, staff leaked info about Mkhwebane's case
There is no evidence that somebody within the Constitutional Court gave confidential information to Ismail Abramjee concerning public protector Busisiwe Mkhwebane's application before that court....Published: 18 Jun 2022 at 19:06hrs | 714 | by Staff reporter
Mnangagwa, Chamisa must find each other
OR the better part of this week, Chitungwiza, especially Nyatsime, resembled a warzone.One would be forgiven to think that the community is party of Ukraine's Donbas region given the heightene...Published: 17 Jun 2022 at 08:30hrs | 2766 | by Staff reporter
Pay half salaries in US$: NECs
THE National Employment Councils (Necs) has directed private sector employers to pay half of their salaries in foreign currency as appetite for the free-falling local currency wanes.Nec yester...Published: 17 Jun 2022 at 08:28hrs | 802 | by Staff reporter
Zimbabwe born basketball star set to play for Poland
Zimbabwean basketball player Stephanie Mavunga will be able to make her debut in white and red colors during the international tournament in Athens, which will start on Tuesday, although she is still ...Published: 14 Jun 2022 at 06:44hrs | 340 | by Staff reporter
There is no winner in every war
MORE than 100 days have passed since Russia invaded Ukraine and the conflict seems far from over. Civilians are undoubtedly the biggest victims.It seems the protagonists have abandoned diploma...Published: 13 Jun 2022 at 06:47hrs | 419 | by Terrence Mwedzi
'There is no reason for bread shortage' Musarara
Grain Millers Association of Zimbabwe (GMAZ) national chairman Tafadzwa Musarara, however, said there is no reason for the country to experience bread shortages as there is adequate wheat in the count...Published: 08 Jun 2022 at 10:21hrs | 1175 | by Mandla Ndlovu
Bread in short supply as bakeries demand US$
BREAD is in short supply in some parts of the country as some bakeries are demanding payment in United States dollars only.Tuckshop owners in Harare yesterday told NewsDay Weekender that they ...Published: 04 Jun 2022 at 19:55hrs | 287 | by Staff reporter
Inflationary pressures choke Zimbabwe industry
A rising bout of inflation is posing a severe threat to Zimbabwe's industries amid growing fears most companies will struggle to restock, which could potentially trigger a significant reduction in pro...Published: 02 Jun 2022 at 09:06hrs | 1526 | by Staff reporter
132% inflation no cause for 'panic', says Mthuli Ncube
Zimbabwe is taking steps to tackle an inflation rate that's jumped to 132% after its currency slumped, Finance Minister Mthuli Ncube said."We are instituting measures that every other country ...Published: 27 May 2022 at 06:53hrs | 2894 | by Staff reporter
'Zimdollar dead by next month'
TWO of Zimbabwe's most respected economics professors have warned government to bite the bullet and redollarise because the Zimdollar "would be dead soon".Professors Gift Mugano and Anthony Ha...Published: 27 May 2022 at 06:47hrs | 1094 | by Staff reporter
Mnangagwa to headline AfCFTA talk at Davos
President Mnangagwa, in Davos attending the World Economic Forum, is today expected to contribute to and co-chair a breakfast discussion around Africa Continental Free Trade Area (AfCFTA).The ...Published: 24 May 2022 at 07:19hrs | 80 | by Staff reporter
Zimbabwe loans suspension review this week
The Reserve Bank of Zimbabwe (RBZ) will this week review the suspension of bank lending that was recently announced, as it moves to investigate contractors on allegations they have been fuelling the p...Published: 15 May 2022 at 06:11hrs | 396 | by Staff reporter
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 376 | by Staff reporter
Zimbabwe to miss 2022 GDP forecast
ZIMBABWE will most likely miss its 5,5% gross domestic product (GDP) forecast due to prolonged hyper-inflationary conditions as the country's local currency continues to tumble against the United Stat...Published: 11 May 2022 at 09:12hrs | 177 | by Staff reporter
Dollar o'clock: Should Zimbabwe axe its faltering currency again?
IN early 2019, Zimbabwe's central bank announced plans to bring back the Zimbabwe dollar as legal tender after a decade of using the US dollar and seven other international currencies because raging h...Published: 11 May 2022 at 09:11hrs | 407 | by Staff reporter
'Mnangagwa's govt killing Zimdollar'
GOVERNMENT'S short-term financing mechanisms to fund its programmes are the major contributors to the depreciation of the local currency, the Zimbabwe National Chamber of Commerce (ZNCC) has noted....Published: 10 May 2022 at 07:46hrs | 908 | by Staff reporter
ZUPCO faces court action over failing public transport system
The Passengers Association of Zimbabwe (PAZ) has given the government and ZUPCO a 24-hour deadline to provide adequate public transport in urban areas or face being dragged to court.The police...Published: 05 May 2022 at 20:58hrs | 762 | by Staff reporter
Mnangagwa's govt corrupt, says opposition MPs
MEMBERS of Parliament (MPs) from across the political divide yesterday said President Emmerson Mnangagwa was presiding over a corrupt government.This came as Zanu-PF spokesperson Christopher M...Published: 04 May 2022 at 07:05hrs | 2580 | by Staff reporter
Mnangagwa to copy Putin's currency strategy
Zimbabwe's President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa's worst performing currency. Mnangagwa's administration may announ...Published: 03 May 2022 at 06:43hrs | 2942 | by Staff reporter
FULL TEXT: United Freedom Party Workers' Day statement
As the world marks Workers Day, also known as May Day, the United Freedom Party (UFP) mourns the position of the Zimbabwean worker saying strongly that there is nothing to celebrate given the conditio...Published: 02 May 2022 at 20:19hrs | 270 | by United Freedom Party
School fees shocker
GOVERNMENT and private schools have hiked fees ahead of opening day tomorrow citing the weakening Zimbabwe dollar.While the bulk of schools were still assessing the situation, some private sch...Published: 02 May 2022 at 08:05hrs | 2155 | by Staff reporter
'Zimdollar volatility makes no sense'
The Reserve Bank of Zimbabwe (RBZ) believes disproportionate demand for the US dollar and lingering fears of hyperinflation are driving exchange rate volatility, as the country's currency should ordin...Published: 01 May 2022 at 11:05hrs | 211 | by Staff reporter
Zimbabwe's resurgent inflation pushes cost of living up
RESURGENT inflationary pressures have pushed the cost of living up with monthly inflation gaining 9,2 percentage points to 15,5 percent this month, according to the Zimbabwe National Statistics Agency...Published: 28 Apr 2022 at 08:58hrs | 156 | by Staff reporter
Chiwenga slams price madness
VICE President Dr Constantino Chiwenga has said the resurgent price madness being experienced in the market is unjustified given the prevailing stable economic fundamentals and the supportive fiscal a...Published: 28 Apr 2022 at 08:56hrs | 367 | by Staff reporter
'Zimbabwe won't rush to mono-currency regime'
THE Reserve Bank of Zimbabwe (RBZ) has given assurances that there will be no rushed exclusive adoption of either the Zimbabwe dollar or US dollar currency regime.This was revealed by the Conf...Published: 28 Apr 2022 at 08:55hrs | 182 | by Staff reporter
John Mangudya and CZI kiss and make up
In its position paper on the sensitive issue leaked to the media on Friday, CZI called on the Reserve Bank of Zimbabwe (RBZ) to suspend the foreign currency auction system after the Zimdollar fell to ...Published: 27 Apr 2022 at 11:39hrs | 1071 | by Mandla Ndlovu
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