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Mnangagwa's govt throws industry under the bus
THE decision by the government to open up importation of basic commodities by citizens together with a six month suspension of duty on various products will have a damaging impact on the revival of th...Published: 7 hrs ago | 114 | by Staff reporter
Father-in-law in court for demanding money from son-in-law
A man from Mpopoma suburb in Bulawayo dragged his father-in-law to court to seek a peace order against him for frequenting his home to demand money for food and rent.Tabson Mathe (43) said his...Published: 7 hrs ago | 107 | by Staff reporter
Mnangagwa turns to Polad for economic solutions
EMBATTLED President Emmerson Mnangagwa has turned to Political Actors Dialogue (Polad) members to help him arrest the economic turmoil characterised by sky-rocketing prices of goods and services....Published: 8 hrs ago | 84 | by Staff reporter
Fuel prices up, again after govt pledged to lower the pump price
FUEL prices have gone up, hardly a week after government pledged to lower the pump price after increasing ethanol blending from E10 to E20.The Zimbabwe Energy Regulatory Authority (Zera) said ...Published: 8 hrs ago | 113 | by Staff reporter
Deputy minister arrested for inputs theft
Deputy Minister of Lands, Agriculture, Fisheries, Water and Rural Resettlement Douglas Karoro was arrested last night on allegations of grabbing 700 bags of fertiliser, US$18 000 worth of maize seed a...Published: 8 hrs ago | 43 | by Staff reporter
Zimbabwe: Class IN itself versus Class FOR itself
US goose versus NED ganderTHERE is always more to write about than there is space to publish. Last week I had to drop two key matters, to allow myself to address in extenso what I sought to ra...Published: 8 hrs ago | 18 | by Staff reporter
Import licences on seven grocery items removed
The government has removed import licences for seven commodities as more measures to contain prices and increase product availability continue to be unveiled.The new measures, which were revea...Published: 9 hrs ago | 819 | by Staff Reporter
Chamisa assures Junta their looting rights are safe - expect zero changes from 'Change Champion in Chief'
Ignorance is a curse worse than death! The dead are not tormented by anything whereas the ignorant are forever blundering from pillar to post; excited, it does not take much to get this lot excited, o...Published: 20 May 2022 at 10:20hrs | 2823 | by Nomusa Garikai
Basic goods disappear from shelves in Zimbabwe
SOME basic commodities such as cooking oil have virtually disappeared from shop shelves as the monthly food basket shot to $120 000.The Consumer Council of Zimbabwe (CCZ) yesterday said a fami...Published: 20 May 2022 at 06:31hrs | 1903 | by Staff reporter
Mnangagwa says net closing in on economic saboteurs
INVESTIGATIONS are underway to expose the third hand that could be working with some big companies to destabilise the economy, President Mnangagwa has said.This comes as the Government has int...Published: 20 May 2022 at 06:27hrs | 463 | by Staff reporter
Zanu-PF officials question Mnangagwa's pedigree ahead of 2023 general elections
SOME Zanu-PF functionaries are questioning President Emmerson Mnangagwa's pedigree to successfully represent the ruling party at next year's crunch presidential poll.Mnangagwa, whose endorseme...Published: 19 May 2022 at 06:43hrs | 5278 | by Staff reporter
Mnangagwa frets over shortages
PRESIDENT Emmerson Mnangagwa is reportedly fretting over shortages of basics, amid fears the situation could cause civil unrest.Fears abound in Zanu-PF corridors that the shortages could cost ...Published: 19 May 2022 at 06:42hrs | 4285 | by Staff reporter
Populace must be wary of Zanu-PF's poor governance
I DO not begrudge Zimbabwe's much-touted "highest economic growth rate in Africa" — why would any right-thinking citizen not wish to live happily and prosperously, in a well-developed country, where...Published: 19 May 2022 at 06:38hrs | 308 | by Tendai Ruben Mbofana
Econet Zimbabwe to hike data, SMS, voice bundles
ZIMBABWE's mobile network operator, Econet Wireless Zimbabwe has announced a review of SMS, voice and data charges effective May 19.Due to the galloping inflation in Zimbabwe, mobile network o...Published: 18 May 2022 at 18:46hrs | 423 | by Staff reporter
Zimbabwe govt reduces fuel prices
Mandatory blending of ethanol in unleaded petrol has been increased from 10 percent to 20 percent at the end of this month to reduce fuel price increases on the global market and give a relief to ...Published: 18 May 2022 at 18:45hrs | 578 | by Staff reporter
'Mnangagwa must resign'
CITIZENS Coalition for Change (CCC) vice president Tendai Biti, has launched a scathing attack on President Emmerson Mnangagwa, saying he was an extremely incompetent leader with no capacity to run th...Published: 18 May 2022 at 06:24hrs | 10133 | by Staff reporter
RBZ in dramatic U-turn on lending
THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a sta...Published: 18 May 2022 at 06:23hrs | 1214 | by Staff reporter
Govt raises mandatory fuel blending to E20
GOVERNMENT yesterday announced mandatory blending of fuel with ethanol, increasing it from E-10 to E-20, a move which could set it on a collision course with motorists.This was announced at a ...Published: 18 May 2022 at 06:22hrs | 752 | by Staff reporter
Ethanol blending up increased to 20% to kill injectors
Mandatory blending of ethanol in unleaded petrol has been increased from 10 percent to 20 percent at the end of this month to reduce fuel price increases on the global market and give a relief to ...Published: 18 May 2022 at 06:18hrs | 460 | by Staff reporter
RBZ auction rate reaches $258
The auction rate, the weighted average of successful bids on the Reserve Bank of Zimbabwe foreign currency auction for productive businesses, fell from $173,2685 to the US dollar last week to $258,540...Published: 18 May 2022 at 06:18hrs | 638 | by Staff reporter
'RBZ's currency auction a headache'
THE Confederation of Zimbabwe Industries (CZI) yesterday told Parliament that the country's foreign currency auction system was problematic, resulting in a huge backlog.Giving oral evidence be...Published: 17 May 2022 at 06:38hrs | 1792 | by Staff reporter
Shortages show the poverty of ideas in govt
THE shortage of most locally-manufactured basic commodities due to the shocking decision by President Emmerson Mnangagwa's government to impose a blanket ban on bank lending to everyone, including the...Published: 17 May 2022 at 06:37hrs | 776 | by Staff reporter
Mutsvangwa dreams of a stable Zimdollar
Zimbabwe's economy continues to grow despite illegal sanctions imposed on the country by the West and the nation is now being rallied to support President Mnangagwa's vision of stabilising the local c...Published: 17 May 2022 at 06:32hrs | 299 | by Staff reporter
African Mining Sector Set for Strong Growth in 2022
Johannesburg - 16 May 2022 - With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, the mining team from Stanbic Bank's parent company, Stan...Published: 16 May 2022 at 11:52hrs | 392 | by Mark Buncombe, Head of Mining and Metals at Standard Bank Group
ZCTU slams Mnangagwa
THE Zimbabwe Congress of Trade Unions has slammed President Emmerson Mnangagwa for implementing a raft of economic stabilisation measures before consulting with partners at the Tripartite Negotiation ...Published: 16 May 2022 at 06:27hrs | 3727 | by Staff reporter
Basics run out of Zimbabwe shelves
PRESIDENT Emmerson Mnangagwa and Finance minister Mthuli Ncube's recent economic pronouncements have reportedly triggered a shortage of most locally-manufactured basic commodities in most retail shops...Published: 16 May 2022 at 06:26hrs | 5308 | by Staff reporter
Zimsec yet to pay O, A-level markers
THE Zimbabwe Schools Examination Council (Zimsec) is yet to pay some examiners who marked the 2021 Ordinary and Advanced Level examinations, almost seven months after completing the exercise.E...Published: 16 May 2022 at 06:24hrs | 312 | by Staff reporter
Chegutu villagers relive night of terror
"THEY must rot in jail!" Selma Modi (38) of Kalembo Farm in Chegutu yelled as she narrated her harrowing ordeal of last Tuesday night at the hands of armed Air Force of Zimbabwe (AFZ) personnel....Published: 16 May 2022 at 06:23hrs | 1038 | by Staff reporter
Duty on basics lowered
Government has lowered duty for people with free funds to import basic groceries, as one of the measures to contain price rises of basic commodities triggered by manufacturers and importers that have ...Published: 16 May 2022 at 06:20hrs | 761 | by Staff reporter
Mnangagwa panicking over Zimdollar
President Emmerson Mnangagwa has been summoning business owners his government believes are manipulating the Zimbabwe dollar to fuel anger over his rule amid growing fears an economic implosion could ...Published: 15 May 2022 at 06:14hrs | 3739 | by Staff reporter
RBZ to name firms taking bank loans to black market
THE Reserve Bank of Zimbabwe (RBZ) has unearthed an elaborate practice by some big corporates in the country, who were borrowing large amounts of money from banks which they would then channel into th...Published: 15 May 2022 at 06:12hrs | 904 | by Staff reporter
'The Reserve Bank is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 15 May 2022 at 06:12hrs | 304 | 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 | 394 | by Staff reporter
A fool and his money are soon parted!
The cash taps have well and truly been turned on.It seems hardworking Zimbabweans in faraway lands have been doing their bit to support family and friends back home, including bankrolling pote...Published: 15 May 2022 at 06:10hrs | 332 | by Bishop
Wadyejena threatens to sue Borrowdale Brooke Homeowners Association
GOKWE Nembudziya legislator Justice Mayor Wadyejena has threatened to drag the Borrowdale Brooke Homeowners Association (BBHOA) to court for illegally deactivating his vehicle tags and relegating him ...Published: 14 May 2022 at 19:41hrs | 495 | by Staff reporter
Banks: If gold rusts, what will iron do?
Native Commissioner Oates, I presume!LORD Jonathan Oates' ambition is becoming a latter-day colonial Native Commissioner.Too late chum, both by age and history! Still both don't deter ...Published: 14 May 2022 at 06:22hrs | 887 | by @Jamwanda2 on Saturday
Mthuli Ncube rubbishes Mnangagwa's economic hitmen conspiracy
FINANCE minister Mtuli Ncube has said the current economic crisis rocking the country is a result of global upheavals, effectively disputing his principal, President Emmerson Mnangagwa's claim that th...Published: 13 May 2022 at 19:14hrs | 1373 | by Staff reporter
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 391 | by Staff reporter
Chamisa blames Mnangagwa
PRESIDENT Emmerson Mnangagwa is being haunted by the 2018 legitimacy crisis that has seen the economy imploding and plunging the country into chaos, opposition Citizens' Coalition for Change leader Ne...Published: 13 May 2022 at 19:11hrs | 364 | by Staff reporter
Foreign banks troop to Zimbabwe forex auction
UNITED States-based multinational investment outfit JP Morgan was among global lenders that repatriated a combined US$30 million through the Reserve Bank of Zimbabwe (RBZ)'s forex auction system by th...Published: 13 May 2022 at 19:10hrs | 688 | by Staff reporter
Salary erosion irks employees
SALARIES in local currency are being eroded on a daily basis by the downward spiralling economic situation worsened by runaway inflation, the Zimbabwe Independent has observed.The fluctuating ...Published: 13 May 2022 at 19:09hrs | 189 | by Staff reporter
Zimdollar worries industry
THE Confederation of Zimbabwe Industries (CZI) is having sleepless nights over an overvalued Zimbabwean dollar (Zimdollar), which is now undermining the scope for maximising structural efficiency and ...Published: 13 May 2022 at 19:09hrs | 170 | by Staff reporter
Zimbabwe maintains neutral stance on Russia-Ukraine conflict
THE Zimbabwean government has refused to be dragged into the Russia-Ukrainian conflict, calling for dialogue between the warring countries.Foreign Affairs and International Trade ministry chie...Published: 13 May 2022 at 19:08hrs | 129 | by Staff reporter
Economic crisis: Hallmark of Mnangagwa's dismal failure
PRESIDENT Emmerson Mnangagwa made a desperate appeal to Zanu-PF youths as he asked his supporters to unmask those "sabotaging the economy", saying the debilitating economic malaise was artificial and ...Published: 13 May 2022 at 19:08hrs | 88 | by Taurai Mangudhla
Is this the promised Canaan?
AM trying to write this article under a tree where there is shaky network on a Saturday afternoon.There is no electricity, so the vibe that usually punctuates our nearby Chikwanha shopping cen...Published: 13 May 2022 at 19:05hrs | 65 | by Chief Chiduku
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 110 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 1121 | 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 | 375 | by Staff reporter
Zimbabwean farmers to cash in on cannabis global boom
Zimbabwean farmers looking to cash in on a global boom in medicinal cannabis face a litany of costs and regulatory barriers, but growers like Munyaradzi Nyanungo are betting it will boost their fortun...Published: 11 May 2022 at 11:36hrs | 840 | by Staff reporter
Mnangagwa's 'paranoid' measures roundly condemned
VARIOUS stakeholders and experts roundly condemned economic stabilisation measures introduced by President Emmerson Mnangagwa to "stop economic hitmen" from sabotaging his under-fire administration....Published: 11 May 2022 at 09:16hrs | 1657 | by Staff reporter
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