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Mthuli Ncube's reforms trigger new cash crisis?
A revealing editorial in today's Herald says SI 142/19, which hastily scrapped the multi-currency system & prematurely introduced a non-existent Zimbabwe dollar as the sole legal tender in the cou...Published: 10 hrs ago | 4439 | by Staff reporter
Inflation-linked pay-outs for pensioners
Pensioners are set to start receiving inflation-adjusted pay-outs, as the National Social Security Authority (NSSA) starts reviewing the compensation framework.The latest recorded year-on-year...Published: 14 Jul 2019 at 12:24hrs | 771 | by Staff reporter
Exchange rate upward pressure on
Exchange rate upward pressure onTHERE were signs this week that the grey market was slowly returning from its brief sabbatical following the monetary policy dawn raid of June 24 that called out th...Published: 12 Jul 2019 at 08:51hrs | 5004 | by Brett Chulu
Mnangagwa's allies revealed
In the Political space, a man needs worthy allies to help him consolidate power as well as keep the train on the rails on the economic front.President Mnangagwa might have political allies in ...Published: 04 Jul 2019 at 09:47hrs | 11369 | by Nicholas Ncube
'20% of Soweto births are Zimbabwean children,' says Biti
ZIMBABWE's economic and political crisis is putting pressure on South Africa's ability to deliver services to its people, MDC vice president has claimed.Biti was speaking in a panel discussion...Published: 02 Jul 2019 at 08:31hrs | 1762 | by newzimbabwe.com
Zimbabwe - Where did that come from?
Statutory Instrument 142 - Monday June 24, 2019 will go down as one of those days you remember.I have just read the Zimbabwe Independent for this week, it was all about the "return of the Zimb...Published: 02 Jul 2019 at 08:27hrs | 3535 | by Eddie Cross
Recession, Zim Dollar return and Economic Outlook
As the country enters the last half of the year and warms up to the re-introduction of the Zimbabwean Dollar, it is now evident that the economy is swiftly sliding into a recession. In 2018, the econo...Published: 01 Jul 2019 at 12:20hrs | 5218 | by Victor Bhoroma
Zimbabwe loses US$40m through policy cover externalisation
Zimbabwean insurers and reinsurers should strengthen their capital positions in real terms to reduce cover policy externalisation which has cost the country an estimated US$40 million in 2018 alone in...Published: 30 Jun 2019 at 09:07hrs | 171 | by Staff reporter
EcoSure US$ packages unveiled
CASSAVA Smartech Zimbabwe's EcoSure has unveiled United States dollar denominated packages that will give Zimbabweans the opportunity to get insurance cover without worrying about the challenges of va...Published: 24 Jun 2019 at 09:36hrs | 1008 | by Staff reporter
US tells Mnangagwa to stop interfering with trade unions
THE United States is concerned with the arrests by the Zimbabwe government of trade union leaders and interference in the labour unions activities, a US top government official has said.United...Published: 24 Jun 2019 at 07:12hrs | 5566 | by Staff Reporter
Why Fadzayi Mahere joined Chamisa bandwagon
Prominent lawyer Fadzayi Mahere saw her stock rise in the run-up to last year's harmonised elections after launching an audacious campaign as an independent candidate for Mt Pleasant constituency....Published: 23 Jun 2019 at 21:02hrs | 1084 | by Staff reporter
Zimbabwe's currency reforms dilemma
The Zimbabwean government has indicated that the country will be launching a new currency before the end of 2019. The announcement has caused some confusion amongst businesses and the transacting publ...Published: 17 Jun 2019 at 18:01hrs | 2201 | by Victor Bhoroma
Zimnat holds march to mark launch of USD funeral plan
Zimnat Life Assurance on Friday marked the launch of its Gadziriro/ Lungiselelo United States dollars funeral policy with a march from Zimnat House to Joina City in Harare, generating considerable exc...Published: 16 Jun 2019 at 19:04hrs | 314 | by Staff reporter
Production makes the economy, says Mnangagwa
President Mnangagwa said focusing on currency alone will not provide solutions to economic challenges facing the country - imploring Zimbabweans to focus on strategies to boost production. Dis...Published: 14 Jun 2019 at 09:55hrs | 1258 | by Staff reporter
Mnangagwa's govt re-ignites currency debate
PRESIDENT Emmerson Mnangagwa's remarks over the weekend that Zimbabwe would have a fully-fledged local currency before the end of the year, ending the multi-currency regime enacted in 2009, effectivel...Published: 14 Jun 2019 at 08:25hrs | 2117 | by Brett Chulu
'Health Insurance Bill now at an advanced stage'
HEALTH minister Obadiah Moyo says government is now at an advanced stage in the crafting of a National Health Insurance Bill, which will provide a national health safety net to all citizens.Mo...Published: 12 Jun 2019 at 07:10hrs | 607 | by Staff reporter
Mthuli Ncube's budget surplus hits $500m
FINANCE and Economic Development Minister Professor Mthuli Ncube's austerity measures are paying dividends with respect to Government finances, once in shambles due to successive budget deficits, with...Published: 10 Jun 2019 at 06:50hrs | 2142 | by Staff reporter
Power cuts cripple Victoria Falls
HOTELS in Victoria Falls are reeling from the current power outages that have forced them to use generators for hours as cuts intensify, businessdigest has established.This has seen operating ...Published: 07 Jun 2019 at 07:29hrs | 475 | by Staff reporter
Dishonesty now biggest threat to democracy
Two inter-related issues - highlighted in two feedbacks I have received over the past six months - should be addressed as a matter of priority and urgency.The first one is do with what one mob...Published: 07 Jun 2019 at 06:54hrs | 127 | by Conway Tutani
Forex situation improves: CZI president
THE manufacturing sector has started benefiting from the US$500 million facility recently secured by Government to stabilise the foreign exchange market, newly elected Confederation of Zimbabwe Indust...Published: 06 Jun 2019 at 07:26hrs | 925 | by Staff reporter
An economy of values and aspirations - Prof Mthuli Ncube
President Emmerson Mnangagwa commissions new Zupco buses that Government acquired in an effort to ease transport woes in this file photo. The recently introduced ZUPCO subsidies are helping many Zimba...Published: 05 Jun 2019 at 12:36hrs | 3963 | by Prof Mthuli Ncube, Special Correspondent
Zimbabwe economic update with Economist Eddie Cross
We are now 9 months into the Transitional Stabilisation Program and a great deal has been achieved. Let's summarize:* We have eliminated the Fiscal deficit that was the main driver in the past...Published: 04 Jun 2019 at 16:56hrs | 3271 | by Eddie Cross
NewsDay, Standard prices go up
ALPHA Media Holdings (AMH) has, with immediate effect, reviewed the cover prices of two of its three leading newspapers, as it seeks to weather the current economic storm and continue providing premiu...Published: 01 Jun 2019 at 07:52hrs | 669 | by Staff reporter
Zimbabwe's perpetual struggle with forex black market
AS Zimbabwe continues battling a boisterous foreign currency black market, there are strong signs that a parallel goods markets will soon emerge.Notwithstanding the distinguishable history of ...Published: 31 May 2019 at 08:06hrs | 796 | by P Masamha
Let's resolve politics first
THE economic crisis continues to deepen with rising inflationary pressures, worsening shortages of foreign currency, electricity and fuel, amid a widening gap between the official and unofficial excha...Published: 31 May 2019 at 08:05hrs | 756 | by Prosper Chitambara
Matanga wants to clean up police image
POLICE Commissioner-General Godwin Matanga says because the Zimbabwe Republic Police (ZRP) is largely viewed with disdain by the general public, it needs to improve its image.Matanga said this...Published: 30 May 2019 at 07:57hrs | 3187 | by Staff reporter
Zimnat introduces new funeral plan with cover in US dollars
Zimnat Life Assurance has introduced a funeral plan, Gadziriro/Lungiselelo, that pays out up to US$6 000 for a family of six for less than five United States dollars a month. For a premium of ...Published: 29 May 2019 at 15:51hrs | 562 | by Staff reporter
Mnangagwa's govt polishes up interbank market
GOVERNMENT is working on ensuring efficient functioning of the interbank market to meet the economy's foreign currency requirements and bring sanity to price increases that are driven by black market ...Published: 28 May 2019 at 07:55hrs | 1420 | by Staff reporter
Monetary policy unlikely to resuscitate Zimbabwe economy
ZIMBABWE'S new monetary system is unlikely to lead to a rapid improvement in liquidity - thus economic growth - in the short to medium-term, a report has revealed.In its monetary policy statem...Published: 24 May 2019 at 07:35hrs | 600 | by Staff reporter
'Pensioners to be paid in US dollars'
THE Insurance and Pensions Commission (IPEC) has engaged the World Bank to come up with a model aimed at ensuring policyholders and pensioners who paid premiums and contributions from 2009 to February...Published: 19 May 2019 at 09:11hrs | 1222 | by Staff reporter
Coffin prices skyrocket
THE prices of coffins has gone up by more than 100 percent in recent months forcing dozens whose relatives are dying without funeral covers to turn to small entrepreneurs whose prices are still afford...Published: 19 May 2019 at 09:08hrs | 544 | by Staff reporter
SA sets tough terms on US$1.2bn Zimbabwe loan request
Zimbabwe's debt-ridden government is in a dilemma after South Africa asked her northern neighbour to securitise mineral proceeds in exchange for a US$1,2 billion (R17billion) bailout package, it...Published: 16 May 2019 at 07:21hrs | 3806 | by Staff reporter
Zimbabwe inflation set to decline?
ZIMBABWE is likely to experience a decline of inflation as the year progresses towards mid-year owing to slackening demand on the market due to customers' limited buying power, economist Dr Gift Mugan...Published: 13 May 2019 at 08:45hrs | 1203 | by Staff reporter
Zimbabweans eating less as economy deteriorates
THE widening gap between prices of food and stagnant wages has led to 44% of poor households in the urban areas spending more of their incomes on food, from 16% in 2016, a USAID official has said....Published: 06 May 2019 at 08:16hrs | 1034 | by Staff reporter
Funeral policy premiums up 100%
FUNERAL assurance companies have reviewed their premiums by up to 100 percent. Nyaradzo Funeral Assurance Company on Wednesday sent a notice to its policy holders notifying them of a 100 percent hike ...Published: 04 May 2019 at 08:01hrs | 908 | by Staff reporter
Mystery of Zimbabwe's forex market
"Zimbabwe's tobacco sales have reached a record high of 237,1 million kg with a week to go before the selling season ends, official data showed" - Reuters (July 23 2018)."Gold deliveries to Fi...Published: 03 May 2019 at 20:48hrs | 4357 | by Chigogwana, Sikhosana and Mashozhera
Cost of dying goes up in Zimbabwe
A NEW wave of price increases has seen hard-pressed Zimbabweans grappling with counting the cost of dying.Funeral insurance companies, hit by a failing local currency, have joined the bandwago...Published: 02 May 2019 at 07:44hrs | 4038 | by Staff reporter
Online legal advice now on Zimbabwe market
LawBasket is a start-up from Zimbabwe, providing online legal services on the market for small businesses and start-ups in Africa. The company also offers free client relationship management technolog...Published: 29 Apr 2019 at 07:16hrs | 555 | by Staff reporter
RBZ sabotaging Zimbabwe economic recovery
WHEN Mthuli Ncube was appointed Finance and Economic Development minister, he quickly took charge at the ministry, appointing a new permanent secretary and several directors and publishing a Transitio...Published: 29 Apr 2019 at 07:10hrs | 2197 | by Eddie Cross
Tighten your belts till 2020, says Mthuli Ncube
Finance minister Mthuli Ncube has said austerity measures adopted by government to cap expenditure and free up funds for capital projects are expected to ease the burden on the taxpayer next year....Published: 26 Apr 2019 at 08:34hrs | 5727 | by Staff reporter
Fuel supplies improve for ZITF
Fuel situation has improved in Bulawayo ahead of the Zimbabwe International Trade Fair (ZITF), which started yesterday.A survey by the Southern Eye shows that fuel supplies have started to nor...Published: 24 Apr 2019 at 07:31hrs | 351 | by Staff reporter
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: 23 Apr 2019 at 07:49hrs | 19886 | by Staff reporter
Price madness: Manufacturers blame retailers
MANUFACTURES have blamed retailers for the price madness prevailing on the market, accusing them of unethically adding high-profit margins on products, hence suffocating the consuming public.C...Published: 23 Apr 2019 at 07:48hrs | 1726 | by Staff reporter
RTGS$ plunges
Zimbabwe is nearing the much dreaded economic horrors of 2008 punctuated by hyperinflation, widespread shortages of foreign currency and fuel coupled with a spike in prices of everything, including st...Published: 21 Apr 2019 at 08:55hrs | 9807 | by Staff reporter
A look into Zimbabwe's tanking economy
The country's largest gold producer is on the brink of collapse because of government's warped foreign currency retention policy; the cost of bread has gone up, more than three times in hardly a month...Published: 21 Apr 2019 at 08:50hrs | 615 | by Staff reporter
Disgraced Australian journalist arrested in Zimbabwe
Television news producer Stephen Rice has been arrested while working in Zimbabwe - three years after he was jailed on assignment in Lebanon.The Australian journalist, Rice, flew into Zimbabwe...Published: 20 Apr 2019 at 15:43hrs | 2825 | 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 | 2503 | by Staff reporter
Rebirth of the Zimdollar
Zimbabwean central bank authorities have a traceable record of overnight monetary policy changes. Memories of the former Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono era of monetary policy hip-...Published: 19 Apr 2019 at 11:09hrs | 1445 | by Paddington Masamha
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 | 31618 | 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 | 19908 | by Staff reporter
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