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RBZ warns against price instability
The Reserve Bank of Zimbabwe (RBZ) has issued a cautionary note on the dangers posed by exchange rate volatility, stressing that fluctuations in the value of the local currency could severely undermin...Published: 31 Jul 2025 at 08:19hrs | 245 | by Staff reporter
Cereal imports ban looms in Zimbabwe
The Ministry of Lands, Agriculture, Fisheries, Water and Rural Development has recommended a ban on cereal imports in a move aimed at boosting the local grain market and strengthening Zimbabwe's food ...Published: 19 May 2025 at 09:18hrs | 443 | by Staff reporter
Zimbabwe lifts exchange rate controls
Zimbabwean businesses have been granted greater flexibility in pricing their goods and services, following the Government's decision to scrap exchange rate controls amid increased currency stability a...Published: 17 Apr 2025 at 07:36hrs | 11683 | by Staff reporter
Farmers to claim offals, hides, heads, and hooves at Zimbabwe abattoirs
Livestock farmers will soon be able to reclaim the full value of their animals - including offals, hides, heads and hooves - after slaughter, as Government moves to amend Statutory Instrument (SI) 182...Published: 13 Apr 2025 at 09:41hrs | 1020 | by Staff reporter
Zimbabwe to reform electricity pricing
Zimbabwe is set to introduce regulatory changes in its electricity pricing system to allow producers to sell power at competitive rates, ensuring they can recoup costs and sustain operations.E...Published: 16 Mar 2025 at 09:24hrs | 313 | by Staff reporter
SEEDCO, ZRP warn culprits distributing counterfeit seeds
In the wake of 2024/25 farming season, certified seeds distribution and supply giant, SEEDCO Limited has joined hands with Zimbabwe Republic Police (ZRP) to thwart incidences of illegal selling of cou...Published: 13 Nov 2024 at 22:15hrs | 1063 | by Gideon Madzikatidze
Delta dumps normal supplies route amid Mozambique political turmoil
Despite using the shortest route for its timeous raw material distribution and chain supplies over the years, listed beverages manufacturing giant, Delta Corporation Limited, has announced political s...Published: 07 Nov 2024 at 13:02hrs | 1288 | by Gideon Madzikatidze/Simbarashe Sithole
ZiG struggles persist
The woes surrounding the Zimbabwe Gold (ZWG) currency show no signs of abating, as retailers continue to implement a three-tier pricing system for products, complicating consumer transactions and unde...Published: 15 Oct 2024 at 08:39hrs | 2789 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9592 | 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
IMF trashes Zimbabwe inflation statistics
Government last year directed the Zimbabwe National Statistics Agency (Zimstat) to stop publishing local currency indexed inflation and switch to the blended rate, which it said was ideal as the count...Published: 16 Feb 2024 at 15:22hrs | 1 | 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
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
Zanu-PF chief whip wants cheaper passports
Zanu-PF chief whip Pupurai Togarepi says the goverment must adopt a three-tier system on the issuance of passports to ensure every Zimbabwean has access to the travel document.In his 202...Published: 17 Dec 2023 at 09:44hrs | 4 | by Staff reporter
Zanu-PF MP advocates three-tier passport fee system
Gutu South legislator Togarepi Pupurai has proposed a three-tier system for passport fees in Zimbabwe to cater to different social classes.His proposal includes providing passports for free to...Published: 15 Dec 2023 at 14:21hrs | 9 | 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
Bulawayo motorists threaten CBD parking boycott
BULAWAYO's business community and motorists say they will boycott parking in the central business district in protest over the new pricing system introduced by Tendy Three Investment (TTI) and the cit...Published: 26 May 2023 at 18:49hrs | 2 | by Staff reporter
Mnangagwa's govt to investigate the latest spate of basic commodity price hikes
A CABINET committee has been set up to investigate the latest spate of basic commodity price increases as Government moves to ensure corrective measures are taken to protect consumers. The int...Published: 10 May 2023 at 05:57hrs | 15 | by Staff reporter
Ministry engages industry over price hikes
The Government is engaging the manufacturing and retail sectors with a view of establishing their operational challenges and arresting business malpractices causing unprecedented consumer price hikes....Published: 09 May 2023 at 06:01hrs | 3 | by Staff reporter
RBZ boss speaks on looming exit
The Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says his top priorities are to leave behind a sound financial system, strong central bank, and stable prices as his two terms come to an end....Published: 16 Apr 2023 at 08:32hrs | 1 | by Staff reporter
Parking fees too high for Bulawayo'
BULAWAYO businesses and residents associations have insisted that fees under the new parking system implemented by the Bulawayo City Council (BCC) in partnership with the privately-owned company Tendy...Published: 07 Sep 2022 at 06:40hrs | 5 | by Staff reporter
Mnangagwa tells profiteers to play fair,
PRESIDENT Mnangagwa yesterday reiterated the need to adopt fair business practices and urged economic stakeholders to rally behind the country's transformation agenda and leave a legacy of positive im...Published: 13 Aug 2022 at 07:23hrs | 1 | by Staff reporter
Zimbabwe to release smaller gold coins
Smaller Zimbabwean gold coins, as small as a tenth of an ounce, are expected to go on sale in November from the Reserve Bank of Zimbabwe so ordinary people can invest in them and store value for their...Published: 12 Aug 2022 at 06:35hrs | 1 | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 13 | by Victoria Ruzvidzo
Date set for Zimbabwe gold coins rollout
GOLD coins that were announced last week as a new measure and alternative to store monetary value, will be introduced into the market mid-this month and will be purchased using both foreign and local ...Published: 03 Jul 2022 at 09:28hrs | 12 | by Staff reporter
Interbank rate now sole legal rate, huge penalties for breaches
The interbank exchange rate has been set as the sole exchange rate to be used in commercial and other transactions and anyone selling goods and services, who uses any other rate faces a minimum civil ...Published: 29 Jun 2022 at 07:42hrs | 1 | by Staff reporter
MPs gang up against Mthuli Ncube over Mnangagwa measures
LEGISLATORS across the political divide joined hands in strongly condemning recent economic containment measures introduced by President Emmerson Mnangagwa, saying they were piece-meal and counterprod...Published: 15 May 2022 at 06:13hrs | 3 | by Staff reporter
Chamisa's CCC slams Mnangagwa
The Citizens Coalition for Change (CCC) on Wednesday vowed a robust challenge to controversial measures to shore up the fast-depreciating Zimbabwe dollar, announced by President Emmerson Mnangagwa las...Published: 11 May 2022 at 19:10hrs | 2 | by Staff reporter
Zimbabwe GDP stands at US$20bn, says Imara
IMARA Asset Management has estimated the size of the Zimbabwean economy to be at US$20 billion, a figure which is a third shy of government projections, as the local economy continues to function unde...Published: 07 Feb 2022 at 21:19hrs | 1 | by Staff reporter
Zimbabwean consumers feel the pinch as cost of living shoots up
THE wave of price hikes resulting from the weakening of the Zimbabwe dollar spells doom for beleaguered citizens in the New Year, with no reprieve in sight to the country's deepening economic crisis....Published: 03 Feb 2022 at 16:11hrs | 11 | by Staff reporter
RBZ promotes use of Zimdollar
RESERVE Bank of Zimbabwe (RBZ) governor, Dr John Mangudya, says the central bank is working on measures to promote the use of local currency to reduce demand for foreign exchange for domestic transact...Published: 30 Jan 2022 at 08:17hrs | 1 | by Staff reporter
RBZ goes after currency manipulators
The Reserve Bank of Zimbabwe (RBZ) says it is investigating allegations of currency manipulation by some business entities as well as breaches of the Bank Use Promotion Act.Central bank Govern...Published: 12 Jan 2022 at 23:08hrs | | by Staff reporter
Biti dismisses Mthuli's 2022 budget 'mediocrity'
FINANCE minister Mthuli Ncube yesterday presented a $927,3 billion budget with an ambitious gross domestic product growth projection of 5,5% for 2022, but former Finance minister Tendai Biti dismissed...Published: 26 Nov 2021 at 08:21hrs | 10 | by Staff Reporter
Bring sanity to the three tier pricing system
"Vabereki" are crying in the village. Most had their payments for maize delivered to GMB paid through banks. The exchange rate for goods and services paid for using mobil money transfer and swipe is p...Published: 05 Nov 2021 at 05:40hrs | 7 | by Tondo
'NRZ has been on perennial decline mode'
THE National Railways of Zimbabwe (NRZ) says COVID–19-induced hard lockdowns and competition from the road transportation system will see total freight volumes dropping to 2,1 million tonnes this ye...Published: 21 Oct 2021 at 06:21hrs | | by Staff reporter
Simbisa Brand rubbishes government directive
Simbisa Brands has rubbshed the call by the government of Zimbabwe to use interbank rates in its pricing system. The directive by ...Published: 19 Oct 2021 at 17:11hrs | 13 | by Shelton Muchena
RBZ, business reach consensus on exchange rates, pricing
A number of agreements were thrashed out yesterday between the Reserve Bank of Zimbabwe and leaders of the business sector to deal with what everyone agreed were unjustified jumps in black-market exch...Published: 12 Oct 2021 at 05:55hrs | 15 | by Staff reporter
Currency manipulators on the prowl
CURRENCY manipulation by businesses setting their Zimbabwe dollar prices to black-market exchange rates, has reached levels where some shops are pricing their goods and services using illegal rates ra...Published: 08 Oct 2021 at 06:25hrs | 12 | by Staff reporter
RBZ sets fortnight forex payments window
SIGNIFICANT headway is being made in clearing the backlog of foreign currency allotments and going forward all disbursements will be made within two weeks, the Reserve Bank of Zimbabwe (RBZ) has said....Published: 04 Oct 2021 at 05:52hrs | 3 | by Staff reporter
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
Potraz sweats over tariff hike
ZIMBABWE'S telecommunications regulator is combing through tariff hike proposals put forward by operators to strike a balance between protecting hard-pressed consumers and securing the viability of an...Published: 22 Aug 2021 at 08:03hrs | | by Staff reporter
Cost of living hits $40 680
THE cost of living for a family of six surged by 13,4% to $40 680 this month, from $35 877 in April following relentless price hikes stemming from currency volatilities and market jitters triggered by...Published: 21 Jun 2021 at 06:04hrs | 2 | by Staff reporter
Cost of living jumps to $32 540
THE average cost of living for a family of five increased to $28 853 this month, from $28 362 in April, as reports emerged that supermarkets had been computing prices based on parallel market rates....Published: 30 May 2021 at 08:47hrs | | by Staff reporter
RBZ backtracks on farmers' forex retention thresholds
THE Reserve Bank of Zimbabwe (RBZ) has been forced to raise foreign currency retention thresholds for tobacco producers by 10% following pressure from farmers.RBZ also scrapped the compulsory ...Published: 28 Feb 2021 at 08:51hrs | 5 | by Staff reporter
Zimdollar to weaken after lockdown
DESPITE enjoying some illusory stability owing to depressed demand for foreign currency due to Covid-19 lockdowns, which reduced business activity, the Zimbabwe dollar remains volatile with high risks...Published: 19 Feb 2021 at 07:08hrs | 7 | by Staff reporter
Tollgate fees, fuel reviews lead to price increases
ON January 31, 2021 Zimbabwe National Road Administration (Zinara) introduced a dual pricing system and hiked toll fees for road users by 100%.Recently, there was an increase in fuel prices an...Published: 06 Feb 2021 at 07:05hrs | 1 | by Jacob Kudzayi Mutisi
Tollgate fees hiked again
MOTORISTS, with effect from today, can pay tollgate fees in foreign currency as the Zimbabwe National Road Administration (Zinara) has introduced a dual pricing system and hiked toll fees. The...Published: 30 Jan 2021 at 05:56hrs | | by Staff reporter
Zimbabwe to introduce new banknotes soon
THE Reserve Bank of Zimbabwe (RBZ) will soon introduce a new set of higher denomination banknotes to increase physical money supply, curb cash shortages and improve transacting convenience.Aut...Published: 10 Jan 2021 at 07:52hrs | 1 | by Staff reporter
'No 2021 tax clearance certificates to improperly fiscalised operators'
Zimbabwe's tax collector has threatened to withhold 2021 tax clearance certificates to all registered business operators that have not properly fiscalised as most operators are not remitting taxes in ...Published: 27 Nov 2020 at 17:23hrs | | by Staff reporter
Minister grilled over monetary, fiscal policies inconsistency
INCONSISTENT monetary and fiscal policies which have resulted in confused multi-tier pricing systems for goods and services are the biggest threat to the country, not opposition, Norton MP Temba Mlisw...Published: 02 Oct 2020 at 07:27hrs | 2 | by Staff reporter
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