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Where are you Mr President ED Mnangagwa
First off, let me confess that I was the happiest man to see you ascend to the post of the President of Zimbabwe but that euphoria is quickly running thin.My dismay has many sources but today ...Published: 5 hrs ago | 4079 | by Sam Wezhira
'Mnangagwa crackdown on money changers futile'
The crackdown on black market currency trading to curb a parallel market blamed for the spike in prices is not enough to address the problem, economists said yesterday.This comes as there has ...Published: 8 hrs ago | 4259 | by Staff reporter
Mnangagwa warns over democracy abuse
PRESIDENT Emmerson Mnangagwa yesterday said after 37 years under former President Robert Mugabe's stifling dictatorship, his government has brought democracy which he claimed was now being abused by "...Published: 15 hrs ago | 254 | by Staff reporter
Zimbabweans demand more after Mugabe coup
As the country marks exactly a year since the military rose up against former president Robert Mugabe by way of a popular coup, long-suffering Zimbabweans say they want President Emmerson Mnangagwa an...Published: 15 Nov 2018 at 13:04hrs | 1564 | by Staff reporter
Illicit trade in foreign currency must cease
Recent action by government in which it imposed 10-year custodial sentences on illegal foreign currency dealers was overdue although more should be done to exterminate the practice completely....Published: 15 Nov 2018 at 12:55hrs | 1286 | by Staff reporter
A year after Robert Mugabe in Zimbabwe
Zimbabwean politics appear to have changed due to the media reportage of the past twelve months since Robert Mugabe's ouster in the political scene. The question of a new Zimbabwe in the name of the n...Published: 15 Nov 2018 at 12:29hrs | 663 | by Brian Maregedze
Vertical Agreements and Competition Law
The Competition & Tariff Commission has, in the past months and years, been publishing articles on competition law and policy with a view to raise awareness of Competition Law amongst industrialis...Published: 15 Nov 2018 at 09:32hrs | 476 | by Competition & Tariff Commission
Mnangagwa to monitor companies allocated forex by RBZ
GOVERNMENT has proposed the establishment of a Foreign Currency Utilisation Monitoring Mechanism to monitor companies that receive foreign currency from the central bank.Addressing a Press bri...Published: 15 Nov 2018 at 06:00hrs | 2449 | by Staff reporter
Government calls rogue pharmacies to order
GOVERNMENT has directed pharmacies to stop demanding foreign currency from patients for drugs which are now available locally through NatPharm. In an interview at the close of the 67th East, C...Published: 15 Nov 2018 at 05:35hrs | 970 | by Staff reporter
Schools seek permission to close early
At least five boarding schools in Manicaland are seeking permission to either increase boarding fees or close early citing dwindling food supplies due to shortages on the market and high prices on ava...Published: 15 Nov 2018 at 05:32hrs | 1555 | by Staff reporter
Open letter to the president Mnangagwa
Dear ED, It is with great disappointment, broken heart and shattered dreams that I write to you as the Head of this great state Zimbabwe. Today marks a complete year since the former pre...Published: 14 Nov 2018 at 20:25hrs | 5509 | by Mberi Prince
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 2810 | by newZwire with The Source
Mnangagwa's govt and Zimbabwe banks should carry own cross
If there is anything that we could learn from the global economic crisis of 2008, it is that excessive risk-taking, manipulation and poor hedging often result in huge enterprise and economic losses. T...Published: 14 Nov 2018 at 09:39hrs | 2417 | by Equity Axis
A 'Operation restore citizen-power' only path to Zimbabwe's prosperity
As Zimbabwe commemorates last year's military intervention that led to the removal of long-time president Robert Gabriel Mugabe, and replaced by his then recently expelled deputy Emmerson Dambudzo Mna...Published: 14 Nov 2018 at 08:56hrs | 973 | by Tendai Ruben Mbofana
Fake brown bread on the market
Some unscrupulous bakers are reportedly colouring white flour brown in making bread as a substitute to using brown flour, NewsDay reported.The difference between colouring white flour brown an...Published: 14 Nov 2018 at 05:52hrs | 1439 | by Staff reporter
Bulawayo residents welcome move on illegal forex dealers
Ordinary citizens in Bulawayo have commended President Emmerson Mnangagwa for invoking the Presidential Powers Temporary Measures Amendment of Money Laundering and Proceeds of Crime Act and the Exchan...Published: 13 Nov 2018 at 19:04hrs | 5660 | by Staff reporter
Zimbabwe inflation hits the 20.8% mark, RBZ targets 7%
Zimbabwe's annual inflation rose sharply to a record 20.8 percent in October after it gained 15.46 percentage points from the September rate of 5.39 percent. The Consumer Price Index (CPI) for...Published: 13 Nov 2018 at 16:03hrs | 1500 | by Staff reporter
Plea to exempt cotton farmers from 2% tax
THE Cotton Company of Zimbabwe (Cottco) has proposed that cotton farmers be exempted from the 2% tax on electronic transactions as well as from the 10% withholding tax to help them build capacity....Published: 13 Nov 2018 at 06:01hrs | 151 | by staff reporter
Miners to retain 55% export earnings
THE Reserve Bank of Zimbabwe (RBZ) has agreed to increase large scale miners' retention of foreign currency from mineral exports to 55 percent to allow them to cover production costs. Recently...Published: 13 Nov 2018 at 05:52hrs | 322 | by Staff reporter
Nestle Zimbabwe launches $1,2million coffee project
NESTLE Zimbabwe has launched a five-year programme at a cost of $1,2 million which will see smallholder farmers producing coffee to be sold to Nespresso at above market prices. The company, a ...Published: 13 Nov 2018 at 05:48hrs | 399 | by Staff reporter
Beer price back to normal
Beer price which had more than doubled over the past weeks has normalised, while charges for other beverages have also significantly come down.A pint of beer had shot up to $5 owing to panic b...Published: 12 Nov 2018 at 18:19hrs | 5314 | by Staff reporter
Supply, price of commodities normalise
Interventions by the government to normalise the supply of goods especially fuel and basic commodities are bearing fruit as fuel queues have disappeared with supermarkets shelves filled to the brim an...Published: 12 Nov 2018 at 18:17hrs | 5382 | by Staff reporter
Zimbabwe economic pain not being shared
Finance minister Mthuli Ncube's recent confirmation that government will soon buy vehicles for parliamentarians exposes government's insincerity in tackling its ballooning budget deficit.It al...Published: 12 Nov 2018 at 10:51hrs | 3538 | by Staff reporter
Strikers darts team struck gold in Jewel Cup Darts Tournament
HARARE - The 2018 edition of the Jewel Cup held at the weekend at Highfields Canteen did not disappoint as Harare Darts Association top teams faced each other for the umpteenth time in the tournament....Published: 12 Nov 2018 at 06:51hrs | 198 | by Collen Maenda
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 989 | by Eddie Cross
Inflation likely to stabilise, says Mangudya
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says inflation is likely to stabilise around 7% in the medium term.Giving his presentation during the pre-budget seminar in Bulawayo last ...Published: 12 Nov 2018 at 05:33hrs | 824 | by Staff reporter
Enough fuel for festive season, says Minister
ENERGY and Power Development Minister Dr Joram Gumbo has assured the nation of enough fuel supplies during the forthcoming festive season. In an interview on the sidelines of the just ended 20...Published: 12 Nov 2018 at 05:28hrs | 181 | by Staff reporter
New law on illegal currency trading welcome
WE welcome President Emmerson Mnangagwa's decision to use temporary powers for a new law that will see illegal currency traders being sentenced to up to 10 years in jail, while ill-gotten wealth will ...Published: 12 Nov 2018 at 05:23hrs | 2323 | by Staff reporter
Chamisa says there is no agreement on national issues with Mnangagwa
MDC leader Nelson Chamisa believes that the country's economic situation will remain dire until a solution is found to the legitimacy question that he is currently pursuing. In this wide-rangi...Published: 11 Nov 2018 at 16:31hrs | 1445 | by Staff reporter
'You all miss Mugabe after your-PFee'
My People,I perfectly understand the fact that all of you are feeling guilty about your premature celebrations following the military ouster of Gushungo around this time last year.In f...Published: 11 Nov 2018 at 13:36hrs | 3080 | by Dr Stop It
'Bond notes have been a success'
RESERVE Bank of Zimbabwe governor John Mangudya had a torrid time at the pre-budget seminar for legislators in Bulawayo last week when he was grilled over currency problems bedevilling the country....Published: 11 Nov 2018 at 12:26hrs | 2058 | by Staff reporter
All eyes on Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube's maiden national budget should target the revival of the productive sectors of the economy to set the tone for revival, business has advised....Published: 11 Nov 2018 at 12:24hrs | 1238 | by Staff reporter
Schools in USD fees U-turn
A number of private schools that were contemplating charging their fees in foreign currencies are now backtracking on the idea which could have pushed away some of their learners.In the wake o...Published: 10 Nov 2018 at 16:46hrs | 4912 | by Staff reporter
Econet denies increase in its data prices
Econet Wireless has distanced itself from a false message circulating on some social media platforms, claiming that the company had increased its data prices and discontinued its monthly data bundle p...Published: 10 Nov 2018 at 12:06hrs | 1096 | by Staff reporter
KFC re-opens, hikes prices
Fast food franchise KFC has re-opened with a new pricing structure after temporarily shutting down all its outlets in the country due to economic instability.The popular food outlet announced ...Published: 10 Nov 2018 at 12:04hrs | 4676 | by Staff reporter
Is Zanu PF acting and delivering ???
The victory of ZANU PF is not only to benefit ZANU PF but it benefits the nation. ZANU PF is expected to be coming up with solutions and stop the rot in our economy. The government which was for...Published: 10 Nov 2018 at 11:19hrs | 685 | by Dr Masimba Mavaza
Zimra puts cap on imported goods
THE Zimbabwe Revenue Authority (Zimra) has set the maximum quantities of good cross-border travellers can import for personal use that can be covered under the traveller's rebate.Travellers re...Published: 10 Nov 2018 at 11:06hrs | 1201 | by Staff reporter
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 148 | by Staff reporter
Ex-Zimra boss Pasi in court over an Information Management System
FORMER Zimbabwe Revenue Authority (Zimra) commissioner general Gershem Takavada Pasi was on Thursday brought before the court on charges of criminal abuse of office after he allegedly engaged a third ...Published: 10 Nov 2018 at 10:55hrs | 239 | by Staff reporter
Zimbabwe pharmacies condemn the ill to death
THE country's sick have been condemned to death in the country by pharmacies that remain defiant and demand foreign currency payments for drugs. Just watching the events at pharmacies unfold as the da...Published: 10 Nov 2018 at 10:39hrs | 453 | by Andile Tshuma
In whose interest are demos
In these trying and difficult times characterized with stratospheric prices of goods and services, the least thing the laity needs are demos. Such actions will exacerbate our already dire situation. ...Published: 09 Nov 2018 at 18:22hrs | 891 | by Tondorindo Murisa.
Chinamasa refuses to meet World Banks officials
THE World Bank is making efforts to meet former Finance and Economic Development Minister and ZANU-PF secretary for finance Patrick Chinamasa to discuss "critical economic issues" according to a repor...Published: 09 Nov 2018 at 16:57hrs | 5243 | by Staff reporter
Who's who in Zimbabwe’s cutthroat fuel sector
SIX major oil-importing entities, including the Indigenous Petroleum Association of Zimbabwe (Ipaz), Zuva Petroleum, Puma Energy, Total Zimbabwe, Petrotrade (Pvt) Ltd and Engen Petroleum Zimbawe, are...Published: 09 Nov 2018 at 18:06hrs | 5904 | by Staff reporter
Zimbabweans should shun MDC demonstrations
At a moment when the economy is facing temporary economic challenges, the opposition has decided to politicise the situation, blaming Government for failing to redress these challenges. It has...Published: 09 Nov 2018 at 09:53hrs | 3506 | by Anesu Pedzisayi
Schweppes anticipate continued gaps in production due to forex shortages
Schweppes Holdings Africa Limited (SHAL) is the holding company for Schweppes Zimbabwe Limited (SZL) whose core business is manufacturing, sales and distribution of beverages under license from The Co...Published: 09 Nov 2018 at 09:00hrs | 1787 | by Schweppes
'Rushed currency reform could harm Zimbabwe economy'
Rushing to implement currency reforms without sufficient stocks of foreign currency to back up the transition would have serious adverse effects on Zimbabwe's economy, which would cause suffering of c...Published: 09 Nov 2018 at 06:22hrs | 3454 | by Staff reporter
New farm wages announced
The National Employment Council (Agriculture) comprising the social parties that is , ZAEO, ZCFU,CFU, ZFU and Agro employer representatives on the employers side have agreed on wages of Agro sector ef...Published: 08 Nov 2018 at 08:17hrs | 4918 | by Mandla Ndlovu
MDC Alliance led Gweru council to splash $600,000 on executive perks
GWERU City Council management has put forward an expenditure of $660 000 to go towards the purchase of all-terrain 4×4 vehicles for top officials and a posh Mercedes Benz for mayor Josiah Makombe....Published: 08 Nov 2018 at 05:39hrs | 625 | by Staff reporter
Forex shortages hinder start-up
In 2006, Bike and Boat Bar (BBB), a Bulawayo company, started manufacturing motor cycles, a first for the country and the region. Soon after, however, the economy tanked as hyperinflation rendered the...Published: 08 Nov 2018 at 05:37hrs | 767 | by Staff reporter
Money supply growth slows
Zimbabwe's annual broad money supply (various forms of money) increased by just 1,18 percent in August to give a 38 percent rise for the year to August 2018 compared to 47 percent annual growth record...Published: 08 Nov 2018 at 05:20hrs | 830 | by Staff reporter
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