Search / Price hikes
Sugar stocks exceed national demand
Zimbabwe's leading sugar producers, Hippo Valley Estates and Triangle, have moved to allay fears of shortages and price hikes, assuring the nation that local sugar stocks are more than adequate to mee...Published: 11 Jul 2025 at 08:25hrs | 81 | by Staff reporter
Delta Corporation slams Zimra over uncertainties
Zimbabwe's largest beverage manufacturer, Delta Corporation Limited, has accused the country's tax authorities of fueling business uncertainty through what it described as the arbitrary creation of le...Published: 07 Jul 2025 at 08:47hrs | 369 | by Staff reporter
Iran-Israel conflict threatening Zimbabwe's economy
The recent breakdown of ceasefire agreements between Iran and Israel has raised alarms over a potential full-scale conflict in the Middle East, with serious global economic repercussions that could se...Published: 03 Jul 2025 at 12:30hrs | 306 | by Staff reporter
Buses hike fares
Zimbabweans gearing up for festive holiday travel were left frustrated yesterday as transport operators hiked fares by over 50%, exploiting the surge in demand. This comes against the backdrop of a st...Published: 24 Dec 2024 at 12:32hrs | 1670 | by Staff reporter
Zimbabwean Mine Workers Demand Cost of Living Adjustments Amid Economic Crisis
Harare, Zimbabwe - The National Employment Council for the mining industry has received a petition calling for immediate cost of living adjustments to mine workers' salaries. The plea comes in respons...Published: 16 Oct 2024 at 17:03hrs | 837 | by Stephen Jakes
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 167 | by Staff reporter
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1321 | by Staff reporter
Mnangagwa govt warns errant businesses
Finance, Economic Development, and Investment Promotion Minister, Professor Mthuli Ncube, has issued a stern warning to unscrupulous business operators seeking to exploit the exchange rate for persona...Published: 05 Oct 2024 at 17:25hrs | 3442 | by Staff reporter
Mnangagwa's SONA lacks solutions
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has faced sharp criticism for failing to address Zimbabwe's pressing crises, leaving many feeling uninspired and disillusioned....Published: 04 Oct 2024 at 08:48hrs | 304 | by Staff reporter
Zimbabwe urged to ditch 'command' exchange rate
The government of Zimbabwe is facing increasing pressure to abandon its "command" exchange rate for the Zimbabwe Gold (ZiG) currency, introduced in April, as businesses struggle to cope with currency ...Published: 25 Sep 2024 at 09:21hrs | 3978 | by Staff reporter
Currency crisis piles more misery on fragile Zimbabwe economy
Leading economists have raised concerns over the potential economic impact of the recent waves of price hikes and currency volatility, which threaten to further destabilize an already fragile economy....Published: 20 Sep 2024 at 13:12hrs | 3500 | by Staff reporter
Can Zimbabwe ZiG-zag away from the USD?
ZIMBABWE'S economy has suffered immensely since 2008, when inflation exceeded a million percent.Since then, the government has made six attempts to adopt a local currency, with the latest comi...Published: 13 Sep 2024 at 16:04hrs | 2778 | by Nkosi Moyo
Prices soar as new Zimbabwean currency struggles
The launch of Zimbabwe's new currency, the Zimbabwe Gold (ZWG), has been marked by significant challenges, including a sharp rise in basic commodity prices. Since its introduction on April 5 at an exc...Published: 11 Sep 2024 at 09:03hrs | 1042 | by Staff reporter
ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 364 | by Staff reporter
Ingwebu requests water payment holiday
Ingwebu Breweries, owned by the Bulawayo Municipal Commercial Unit, requested a one-time water payment holiday from the Bulawayo City Council (BCC) due to the 2023/24 El Niño-induced drought. This dr...Published: 09 Jun 2024 at 09:07hrs | 4 | by Staff reporter
Zimbabwe army sued US$30,000 over 2019 shootings
The Zimbabwe National Army (ZNA) has been held accountable for the shooting of a civilian during protests over fuel price hikes in 2019, resulting in a successful lawsuit against the Defence ministry....Published: 22 May 2024 at 10:05hrs | 7 | by Staff reporter
Mnangagwa commits to free market economy
President Mnangagwa has pledged his Government's commitment to a complete free market economy, arguing there is no justification to put the burden of price determination on the Government.In r...Published: 11 Apr 2024 at 08:36hrs | 2 | by Staff reporter
Mthuli Ncube issues chilling warning over sugar tax-linked price hikes
Finance Minister Mthuli Ncube has issued a firm warning to traders engaging in unjustified price hikes on sugary beverages, arguing that the officially gazetted tax thresholds do not warrant such exce...Published: 28 Feb 2024 at 06:31hrs | 6 | by Staff reporter
Zimbabwe millers warn of rice price hikes
THE Grain Millers Association of Zimbabwe (GMAZ) has approached the Treasury to scrap the 15% value-added tax (VAT) on rice, warning that the levy will hit consumer spending.The developments c...Published: 25 Feb 2024 at 09:26hrs | 2 | by Staff reporter
Withdraw Zimdollar from circulation
GOOD day, President Emmerson Mnangagwa. Your Excellency, it is my conviction that the Zimdollar, all things considered, is a swine. It is the epitome of voodoo economics, based on implausible assumpti...Published: 14 Feb 2024 at 19:25hrs | 2 | by Cyprian Muketiwa Ndawana
Zimbabwe rural teachers declare poverty, strike
RURAL teachers have downed their tools after officially declaring incapacitation to the government as a new wave of price increases is pushing the cost of living to astronomical levels.In an i...Published: 12 Feb 2024 at 13:53hrs | 2 | by Staff reporter
Mnangagwa hints at more policies to deal Zimdollar
President Emmerson Mnangagwa has disclosed plans for the Reserve Bank of Zimbabwe (RBZ) and the Ministry of Finance to introduce a comprehensive set of new policies aimed at rescuing the nation's seve...Published: 07 Feb 2024 at 04:49hrs | 4 | 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 | 2 | by Staff reporter
Mnangagwa to introduce structured currency in Zimbabwe
PRESIDENT Mnangagwa has said the country will soon be introducing its structured currency as the Government implements measures to arrest price hikes while creating a conducive economic environment....Published: 06 Feb 2024 at 15:00hrs | 2 | by Staff reporter
Zimbabweans should brace for more price hikes
Government on Tuesday last week promulgated Statutory Instrument 10A of 2024 to re-introduce duty on basic commodities.The affected commodities include maize meal, milk, sugar, rice, flour, sa...Published: 05 Feb 2024 at 04:12hrs | 2 | 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 | 37 | by Staff reporter
Zimbabwe family basket skyrockets to $3,6 million
THE cost of the food basket for a family of six has shot to ZWL$3,6 million, with retailers now charging some goods exclusively in United States dollars (US$) owing to the depreciating Zimbabwe dollar...Published: 10 Jan 2024 at 05:56hrs | 9 | by Staff reporter
Parents protest over US$ school fees in Zimbabwe
PARENTS and guardians with school-going children are up in arms with the government after it gazetted tuition fees in United States dollars ahead of the schools opening next week.Primary and S...Published: 03 Jan 2024 at 05:29hrs | 17 | by Staff reporter
Food inflation hits Zimbabwe consumers
ZIMBABWE'S food inflation for December jumped by 21% from the November rate following a wave of price hikes of most basic commodities ahead of the festive season.According to a latest Zimbabwe...Published: 29 Dec 2023 at 07:06hrs | 14 | by Staff reporter
Mnangagwa's govt in umpteenth warning on price hikes
GOVERNMENT has for the umpteenth time warned the business community against hiking pricing during the festive season as it works with industry to make sure that there are no shortages during the year-...Published: 18 Dec 2023 at 04:55hrs | 10 | by Staff reporter
Prices go 'haywire' during Zimbabwe festive season
A FRESH wave of price increases on basic goods and services has dampened the festive mood, stealing the cheer away from the majority of the country's citizens already struggling to make ends meet....Published: 15 Dec 2023 at 07:30hrs | 1 | by Staff reporter
Mthuli Ncube's new tax regime to trigger price hikes
The recently proposed tax regime by Finance Minister Mthuli Ncube is anticipated to lead to significant price increases, with the Grain Millers Association of Zimbabwe (GMAZ) forecasting a potential U...Published: 07 Dec 2023 at 05:35hrs | 10 | by Staff reporter
Zimbabwe's Cross Border traders commend price stability measures
The Zimbabwe Cross Border Traders Association (ZCBTA) has commended authorities for implementing comprehensive measures that have contributed to price stability. The recognition follows the maintenanc...Published: 23 Nov 2023 at 05:45hrs | 1 | by Staff reporter
OK Zimbabwe says 70% of goods they sell are local
OK Zimbabwe, the country's biggest supermarket chain, says local goods still dominate its shelves despite the government opening up the borders to grocery imports.CEO Max Karombo says up to 70...Published: 29 Sep 2023 at 11:29hrs | 3 | by Staff reporter
Mthuli Ncube says Zimbabwean's economy is booming
Finance and Investment Promotion Minister, Mthuli Ncube, has stated that Zimbabweans should embrace the current favorable economic conditions, emphasizing that the country's economy is thriving....Published: 19 Sep 2023 at 06:31hrs | 3 | by Staff reporter
Chiwenga says govt will be merciless with perpetrators
VICE–PRESIDENT Constantino Chiwenga says government will be merciless with perpetrators of political violence in the run-up and after the August 23 elections.Chiwenga said this yesterday whi...Published: 25 Jul 2023 at 06:48hrs | | by Staff reporter
Mnangagwa accuses Indian business people of hoarding basic goods
President Emmerson Mnangagwa has issued a stern warning to the business sector and specifically targeted Indians, accusing them of stockpiling basic supplies to create artificial shortages and boost p...Published: 03 Jul 2023 at 16:10hrs | 4 | by Staff reporter
Makoni voters urged to reward Mnangagwa
Voters in Makoni District have been urged to vote for Zanu-PF in the forthcoming harmonised elections as the party has performed wonders in the last five years through various infrastructure developme...Published: 03 Jul 2023 at 07:03hrs | 11 | by Staff reporter
Mnangagwa dangles boreholes in campaign
PRESIDENT Emmerson Mnangagwa yesterday went a gear-up in his election promises pledging to drill forty boreholes at every district where he addresses a Zanu-PF campaign rally.Mnangagwa made th...Published: 02 Jul 2023 at 07:46hrs | 12 | by Staff reporter
Zimbabwean business fears its government will interfere with the exchange rate
ZIMBABWEAN businesses fear that President Emerson Mnangagwa's administration, which is blaming foreign companies of inflating prices ahead of a key election in August, could resort to interfering with...Published: 26 Jun 2023 at 06:52hrs | 133 | by Staff reporter
Kasukuwere to test Mnangagwa's democratic credentials
LATE afternoon on Tuesday, Zimbabwe's Twitter was all about Passenger 34. He was trending all night and into Wednesday, the day the Nomination Court was sitting. Passenger 34 did not arrive as...Published: 25 Jun 2023 at 18:23hrs | 15 | by Staff reporter
Zimbabwe business jittery as electioneering goes a gear up
The business community fears that the government could resort to exchange rate control to manage inflation and price increases. Picture: Shepherd TozvirevaZimbabwean businesses fear that Presi...Published: 25 Jun 2023 at 09:37hrs | | by Staff reporter
'Full dollarisation suicidal for Zimbabwe'
THE Reserve Bank of Zimbabwe (RBZ) has warned against full dollarisation as the economy battles exchange rate volatility which has triggered astronomical price hikes.In 2008, the country ditch...Published: 20 Jun 2023 at 18:39hrs | 1 | by Staff reporter
Zimbabwe consumers in a fix
As Zimbabweans continue to battle with a failing economy, increases in prices of basic commodities has pushed many into abject poverty.A recent survey conducted by Standardbusiness indic...Published: 18 Jun 2023 at 08:40hrs | | by Staff reporter
Prices, currency manipulation is corruption, says Zacc
THE Zimbabwe Anti-Corruption Commission (Zacc) has described the country's rampant price hikes and alleged currency manipulation as corruption.Speaking during a National Anti-Corruption Strate...Published: 17 Jun 2023 at 08:10hrs | 1 | by Staff reporter
Mnangagwa singles out Innscor pricing system
PRESIDENT Mnangagwa yesterday singled out diversified conglomerate Innscor as one of the businesses that have been unjustifiably raising prices of basic commodities such as bread leading to the suffer...Published: 16 Jun 2023 at 08:37hrs | 1 | by Staff reporter
Zimbabweans resort to comedy to cope with failing economy
Zimbabweans are resorting to comic relief in the face of a failing economy, as the local currency loses value by the day. After all, laughter is the best medicine.This week, government workers...Published: 16 Jun 2023 at 08:19hrs | 1 | by Staff reporter
Convergence of official and unofficial exchange rates possible, says IMF
THE International Monetary Fund has urged Zimbabwe to take further steps on currency reform after the southern African nation stopped short of free-floating its local dollar. The credibility a...Published: 14 Jun 2023 at 06:32hrs | 2 | by Staff reporter
Zimdollar rescue mission too late
THE surprise move by Zimbabwe's fiscal and monetary authorities to liberalise the foreign exchange policy after months of shillyshallying amid a fixed rate could be a case of closing the stable door a...Published: 12 Jun 2023 at 06:45hrs | 3 | by Staff reporter
RBZ threatens to shut down businesses, prosecute directors over price hikes
The Reserve Bank of Zimbabwe on Friday threatened "punitive measures" against businesses accused of "illegal forward pricing practices thereby manipulating the foreign exchange rate.""In terms...Published: 10 Jun 2023 at 17:53hrs | 1 | by Staff reporter
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