Search / Price distortions
Delta Corporation faces labour challenges in South Africa
Zimbabwean beverage giant, Delta Corporation, is experiencing contrasting fortunes in its regional markets after it battled labour disruptions in South Africa and recorded brisk business for its lager...Published: 29 Jul 2025 at 08:54hrs | 414 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2670 | by Staff reporter
CCZ warns retailers on price distortions
The Consumer Council of Zimbabwe (CCZ) has issued a stern warning to retail outlets, demanding responsible pricing on all goods and strict adherence to the foreign currency auction system if operating...Published: 28 Dec 2023 at 10:27hrs | 14 | by Staff reporter
Kembo Mohadi slams propaganda cartels
ZANU- PF Second Secretary, Kembo Mohadi has slammed Western media and propaganda cartels using social media for causing unwarranted panic among citizens through their ill-conceived messaging on price ...Published: 16 Jun 2023 at 07:51hrs | 2 | by Staff reporter
Retailers defy Mnangagwa's government
SOME big supermarkets in Bulawayo are now exclusively charging certain goods and products in foreign currency and using the black-market rate for currency conversions in defiance of Government monetar...Published: 15 Jun 2023 at 06:44hrs | 1 | by Staff reporter
Zimbabwe price manipulators to be locked up
EVIL machinations from the country's detractors to reverse successes registered by the Second Republic through asymmetrical warfare in the form of currency manipulation and price distortions will come...Published: 14 Jun 2023 at 06:32hrs | 2 | by Staff reporter
Zimdollar rates race to 3,000
In a significant blow to Zimbabwe's economy, the country's dollar experienced a sharp decline of 26 percent during Tuesday's foreign-exchange auction, a Bloomberg report said. The official exchange ra...Published: 24 May 2023 at 17:12hrs | | by Staff reporter
Bread price jumps 109% in Zimbabwe
THE average price of a standard loaf of bread shot to $1 800 which is equivalent to US$1,70 at the official exchange rate of $1 059,60 to the greenback.This represents a 109% hike on the $860 ...Published: 03 May 2023 at 06:07hrs | 2 | by Staff reporter
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | | by Victor Bhoroma
Zimbabwe announces another fuel price increase
THE Zimbabwe Energy Regulatory Authority (ZERA) has increased fuel prices by at least 2,3% as economists raised fears of price hikes.According to ZERA's latest update, ZERA said traders can se...Published: 14 Oct 2022 at 05:53hrs | 1 | by Staff reporter
‘No need for Zimbabwe to import cement'
THERE is no need for Zimbabwe to import cement as it has adequate supplies and capacity to meet all ongoing construction projects by the Government and private sector, PPC Zimbabwe managing director, ...Published: 15 Sep 2022 at 05:48hrs | 1 | by Staff reporter
Chamisa flags barren Zanu-PF leadership
Citizens Coalition for Change (CCC) leader Nelson Chamisa has dismissed government's 2022 Mid-Term budget statement as a blatant certification to citizen poverty adding the fiscal blueprint was reflec...Published: 04 Aug 2022 at 22:32hrs | 12 | by Staff reporter
Zimbabwe's consumer basket now incalculable, says CCZ
THE Consumer Council of Zimbabwe (CCZ) says it has failed to calculate the price of the family food basket for the month of June due to regular price increases of basic goods and services.In M...Published: 08 Jul 2022 at 07:36hrs | 20 | by Staff reporter
Retailers defy Mnangagwa on pricing
RETAILERS have defied President Emmerson Mnangagwa's directive to adhere to the official interbank rate when pricing goods.On Saturday, Mnangagwa announced a raft of measures aimed at controll...Published: 10 May 2022 at 07:46hrs | 1 | by Staff reporter
Nightmare as Zimbabwe inflation spikes to 96,4%
ZIMBABWE'S inflation yesterday raced to 96,4%, up from 72% the previous month, raising fears of a possible return to hyperinflation.Inflation has been on an upward trend since late last year w...Published: 27 Apr 2022 at 12:50hrs | | by Staff reporter
Key expectations from upcoming monetary policy
The Reserve Bank of Zimbabwe (RBZ) is expected to present the first monetary policy statement of 2022 within the next 30 days amid rising inflationary pressures. The monetary policy comes after the de...Published: 19 Jan 2022 at 11:52hrs | 1 | by Victor Bhoroma
US$70m released to clear forex auction backlog
GOVERNMENT has released US$70 million to speed up disbursement of funding and clear the backlog to businesses that participate at the Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction system....Published: 27 Sep 2021 at 06:16hrs | | by Staff reporter
2021 Mid Term Monetary & Budget analysis
The latest mid-term budget and monetary policy statements were presented in a low key mode with emphasis on avoiding policy shocks that can rock the economy. The Zimbabwean government revised upwards ...Published: 01 Sep 2021 at 15:30hrs | 2 | by Victor Bhoroma
Public confidence in Zimdollar keeps waning, no end in sight
THE revelation by Reserve Bank of Zimbabwe (RBZ) governor John Mangudya that the widening gap between the official and parallel foreign currency exchange rates is due to locals preferring the greenbac...Published: 27 Aug 2021 at 06:37hrs | 2 | by Staff reporter
Zimbabwe tobacco in forecast busting show
ZIMBABWE'S tobacco output reached 202,8 million kilogrammes last week, surging past official predictions, which had projected volumes to close at 195 million kg this season. The marketing season kicks...Published: 15 Aug 2021 at 08:57hrs | 1 | by Staff reporter
Inefficient auction system dragging economic recovery
Zimbabwe has managed to turnaround and achieve double digit annual inflation from a periodic high of 838% realized in July 2020 to 56% achieved in July 2021. The redollarization of the local economy a...Published: 04 Aug 2021 at 15:57hrs | 3 | by Victor Bhoroma
Biti wants government to fully dollarise
HARARE East legislator and former finance minister Tendai Biti has called on government to both accept the country's economy has dollarised by default and to liberalise the exchange rate following con...Published: 04 Mar 2021 at 06:22hrs | | by Staff reporter
Gold deliveries slump to lowest since 2014
Gold deliveries slumped to their lowest since 2014 falling 31% in 2020 as the sub sector marked a tumultuous year where the country failed to take advantage of a record rally on the price of the yello...Published: 11 Jan 2021 at 16:07hrs | 1 | by Staff reporter
Chiwenga bemoans corruption at NatPharm
VICE-PRESIDENT Constantino Chiwenga has bemoaned corruption at the National Pharmaceutical Company of Zimbabwe (NatPharm) which he said was hindering the availability of affordable medicines, especial...Published: 20 Nov 2020 at 06:01hrs | 1 | by Staff reporter
Banks shun Zimbabwe's dairy sector
FINANCIAL institutions are reluctant to advance loans to dairy farmers due to viability challenges afflicting the sector, government has said. Lands, Agriculture, Water and Rural Resettlement ...Published: 07 Oct 2020 at 06:58hrs | 1 | by Staff reporter
Mwonzora accused of creating 'ghost structures'
THE MDC-T secretary-general, Douglas Mwonzora has come under intense criticism by the Nelson Chamisa-aligned faction for working in cahoots with Zanu-PF to set up "ghost structures" in Mashonaland Wes...Published: 02 Oct 2020 at 07:23hrs | | by Staff reporter
Mnangagwa's latest bid to arrest price distortions
THE National Competitiveness Commission (NCC) is currently engaging manufacturers and producers countrywide to establish pricing formulae , a strategy meant to arrest the current distortions on cost o...Published: 25 Aug 2019 at 08:41hrs | | by Staff reporter
Zimdollar return: Beware the cobra effect
Last month, the government took all and sundry by surprise when it banned the use of multi-currencies in all local transactions and reintroduced the Zimdollar; abandoned due hyperinflation in 2009....Published: 24 Jul 2019 at 08:24hrs | 2 | by Cliff Chiduku
Tougher times ahead: Govt
FOREIGN Affairs minister Sibusiso Moyo says Zimbabweans should brace for three more years of hardship as government implements austerity measures to stabilise the economy, but workers warned of protes...Published: 23 Jul 2019 at 13:56hrs | 2 | by Staff reporter
RBZ unleashes monitors
THE Reserve Bank of Zimbabwe (RBZ) has dispatched a monitoring team to knock down the last bastions of unscrupulous businesses that are still transacting in foreign currency.Last month, the Go...Published: 07 Jul 2019 at 21:07hrs | 2 | by Staff reporter
'Dealers diverting fuel to black market'
UNSCRUPULOUS fuel dealers are allegedly diverting large volumes of the commodity to the underground markets, causing shortages on the market, the National Oil Infrastructure Company (NOIC) chairman Da...Published: 27 Jun 2019 at 06:59hrs | | by Staff reporter
All hail Mthuli, Zimdollar will boost competitiveness
The rate at which the black market value of the RTGS dollar (now Zimbabwean Dollar) has been fast sliding against the US dollar was no longer sustainable and the move by Government to abolish the mult...Published: 25 Jun 2019 at 07:27hrs | 1 | by Staff reporter
Mnangagwa swoops on cartels and monopolies over pricing
GOVERNMENT has begun enforcing a combination of strategies to break monopolies and foster competition among companies in key sectors providing basic commodities, which have come under siege from price...Published: 16 Jun 2019 at 09:33hrs | 3 | by Staff reporter
Mnangagwa makes radio cameo
The Herald Herald Reporters President Mnangagwa yesterday made good of his billing as a "listening President" when he fielded a wide range of questions from Zimbabweans on his maiden live radio progra...Published: 15 Jun 2019 at 08:49hrs | 1 | by Staff reporter
Mnangagwa's govt finds bread formula
Government has started breaking the monopoly in the bread industry through resuscitation of indigenous bakeries which use locally produced wheat across the country, a development that will result in c...Published: 04 Jun 2019 at 07:05hrs | 1 | by Staff reporter
'Black market sharks suppressing interbank rate'
Industry and Commerce Minister Nqobizitha Mangaliso Ndlovu said yesterday that some big companies that were getting the lion's share of foreign currency when the Reserve Bank of Zimbabwe was allocatin...Published: 03 Jun 2019 at 07:30hrs | 3 | by Staff reporter
Price monitors descend on shops
THE Grain Millers' Association of Zimbabwe (GMAZ) is mulling plans to cut supplies to unscrupulous retailers found liable of pricing basic commodities beyond stipulated margins, an official has said....Published: 02 Jun 2019 at 08:21hrs | 1 | by Staff reporter
Mnangagwa now more paranoic and desperate
A REGIME failing to provide its citizens with basic necessities is unsurprisingly afraid of itself and those who differ with its lopsided policies.The arrest of four civil society activists th...Published: 24 May 2019 at 07:40hrs | 1 | by Staff reporter
Millers Association embarks on price monitoring exercise
Grain Millers Association (GMAZ) says it will this week move around the country, monitoring prices of basic commodities to protect consumers from being short-changed by unscrupulous retailers....Published: 22 May 2019 at 06:15hrs | | by Staff reporter
RBZ to continue with confidence building measures
The Reserve Bank of Zimbabwe (RBZ) says it will continue to pursue confidence building measures and is optimistic the recently secured US$500 million interbank facility will go a long way in stabilisi...Published: 21 May 2019 at 21:12hrs | 1 | by Staff reporter
Biti wants Zimbabwe to redollarise
THE crippling fuel and power shortages facing Zimbabwe are likely to get worse if government fails to deal with price distortions on the market, former Finance minister Tendai Biti has said.Sp...Published: 20 May 2019 at 16:40hrs | | by Staff reporter
'Zimbabwe has no price distortions'
GOVERNMENT has denied there is a three-tier pricing system with Industry and Commerce deputy minister RajeshKumar (Raj) Modi claiming the 2019 Monetary Policy Statement (MPS) by Reserve Bank of Zimbab...Published: 13 May 2019 at 16:19hrs | | by Staff reporter
'Price increases result of RTGS$ value fall'
AS prices of basically everything in Zimbabwe continue to skyrocket, political and social analysts have called on President Emmerson Mnangagwa to be transparent and accountable for his government's at...Published: 05 May 2019 at 17:26hrs | 1 | by Staff reporter
Mnangagwa takes on bread cartels
THE Government has moved to break the monopoly in the bread industry through resuscitation of indigenous bakeries that used to operate in various communities, a Cabinet Minister said.In his in...Published: 05 May 2019 at 09:51hrs | | by Staff reporter
Mugabe gets rare praises
If there is one thing that former Zimbabwe President Robert Mugabe is commendable for – and coming from me, such a compliment is a bit of a jaw-dropping, tide turner – was his unwavering comm...Published: 28 Apr 2019 at 14:02hrs | 1 | by Rejoice Ngwenya
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 | 2 | by Paddington Masamha
Price of bread goes up
THE price of bread has gone up to RTGS$2,30 from RTGS$2 with millers saying the increase is not associated with the cost of flour as the price of the product has remained constant. Yesterday, ...Published: 12 Apr 2019 at 06:40hrs | 1 | by Staff reporter
Van Hoogstraten shakes CFI
Business tycoon Nicholas Van Hoogstraten through one of his investment vehicles, has moved to increase shareholding in Zimbabwe Stock Exchange (ZSE) suspended agro-industrial group CFI Holdings under ...Published: 31 Mar 2019 at 09:54hrs | 1 | by Staff reporter
'Currency floating brings stability'
The recent decision by the monetary authorities to float the currency and let the value be determined by market forces, has generated some form of stability, a renowned economist John Robertson has sa...Published: 18 Mar 2019 at 06:34hrs | 1 | by Staff reporter
Mthuli Ncube wages war against surging inflation
Zimbabwe's annual inflation has risen to a 10-year high since hyperinflation, but month-on-month prices are beginning to drop as monetary reforms aimed at combating inflation, addressing foreign curre...Published: 17 Mar 2019 at 18:08hrs | 2 | by Staff reporter
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