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Econet traffic volumes jump
Listed telecommunications firm, Econet Wireless Zimbabwe, says it recorded gains across voice, data and SMS metrics during the six months to August 31, 2020 as demand for such services spiked due to t...Published: 15 Oct 2020 at 06:33hrs | 538 | by Staff reporter
Retailers rip off consumers
THE Confederation of Zimbabwe Retailers (CZR) has accused several retail outlets in Bulawayo of violating exchange rate regulations and legal requirements compelling them to display prices of goods in...Published: 14 Oct 2020 at 06:36hrs | 1983 | by Staff reporter
ZCTU urges govt to act on rogue businesses
THE Zimbabwe Congress of Trade Unions (ZCTU) has called on government to act on businesses refusing to use the official exchange rate in pricing of products and services, thereby prejudicing the consu...Published: 07 Oct 2020 at 07:02hrs | 509 | by Staff reporter
Hopewell Chin'ono and Themba Mliswa team up to destroy those fighting corruption
The past few months Zimbabwe has seen a relented attack of those fighting corruption. Of interest was the attack of Thabani Vusa Mpofu the director of the Special Anti-Corruption Unit (SACU) by Hopwel...Published: 03 Oct 2020 at 09:33hrs | 6219 | by Dr Masimba Mavaza
After TSP, diaspora engagement critical, says Mthuli Ncube
AS government winds up the Transitional Stabilisation Programme (TSP) amid a plethora of challenges it faces in turning around the economy, the Zimbabwe Independent (ZI) caught up with Finance ministe...Published: 02 Oct 2020 at 07:43hrs | 1772 | 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 | 598 | by Staff reporter
Prioritise locals over Chinese contractors for the benefit of Zim economy
Kenyan law professor Patrick Lumumba gets animated when he talks about China's rising influence on the African continent where governments get blinded by their fraternal ties with the Communist Party ...Published: 30 Sep 2020 at 10:51hrs | 1133 | by Anthony Matutu
Zim Parliament barking up wrong tree on auction system
An all too familiar joke that has been doing the rounds ever since Zimbabwe's economy hit turbulence is that every citizen of this country has become an economist of sorts. This places the burden of f...Published: 30 Sep 2020 at 10:47hrs | 1720 | by Dr Tim Rainhard
Will capitalism allow SA to bail Zimbabwe out?
SOUTH AFRICA has taken the unofficial role of Zimbabwe's big brother over the years given its relatively better economy and extensive relationship with the country.When Zimbabwe's socio-econom...Published: 30 Sep 2020 at 07:28hrs | 545 | by Tafara Mtutu
Zimbabwe's cost of living up
ZIMBABWE'S cost of living, as measured by the Consumer Council of Zimbabwe (CCZ), food basket for a low income family of six, rose to $14 438 in August from $14 256 in July, representing a 1,27 percen...Published: 27 Sep 2020 at 17:51hrs | 2446 | by Staff reporter
Mandiwanzira cleared of corruption charges after 2 years
Former Information Technology minister Supa Mandiwanzira was acquitted on a charge of criminal abuse of office on Friday, more than two years after his arrest.The Nyanga South MP had been char...Published: 25 Sep 2020 at 19:54hrs | 2736 | by Staff reporter
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | 1289 | by Victor Bhoroma
Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain
FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their respon...Published: 15 Sep 2020 at 11:34hrs | 3949 | by Nathan Gurira
Zimbabwe business hours extended
THE Government has extended permitted businesses to operate any time between 6.30am to 6.30pm as part of a delicate process to balance the economy and respond to the Covid-19 threat, Information, Publ...Published: 15 Sep 2020 at 06:08hrs | 2125 | by Staff reporter
Zimbabwe will be exporting power by 2023, says Zhemu Soda
Muzarabani North Member of Parliament, Honourable Zhemu Soda, was last month appointed Energy and Power Development Minister. Before his appointment, he was relatively unknown to many Zimbabweans desp...Published: 13 Sep 2020 at 07:04hrs | 1260 | by Staff reporter
Mnangagwa felt Chin'ono 'crossed the line'
JOURNALIST Hopewell Chin'ono has narrated how President Emmerson Mnangagwa was infuriated following a series of articles he had written exposing how the first family was corruptly benefiting from gove...Published: 13 Sep 2020 at 07:01hrs | 7660 | by newzimbabwe
Govt adopts quarterly salary reviews
FINANCE minister Mthuli Ncube yesterday said government had now resolved to review civil servants' salaries after every three months to hedge against runaway inflation rate.Ncube announced the...Published: 11 Sep 2020 at 07:32hrs | 5062 | by Staff reporter
We can not all go to OK
Prophets of doom taking their first bite of the proverbial humble pie, may be also taking a face cloth to remove egg from their murky faces, york, white and its all. Who ever thought the forex...Published: 11 Sep 2020 at 07:08hrs | 861 | by Thomas Tondo Murisa
Some rural shops have rendered e-wallets redundant
Most rural traders and general dealer shop owners order their goods from N. Richards and Mahomed Mussa Wholesalers where they buy using e-wallets. On reaching the countryside they fleece the m...Published: 11 Sep 2020 at 07:03hrs | 234 | by Tondo
Zimbabwe business opts for US dollars as base currency
TRANSACTIONS are increasingly occurring in United States Dollars which means that households that earn incomes in the Zimbabwe dollar including most poor households, will find it increasingly unafford...Published: 07 Sep 2020 at 06:33hrs | 1224 | by Staff reporter
Masarira slams Mnangagwa
Linda Masarira, leader of the Labour Economists and Afrikan Democats (LEAD), opposition party, has slammed the country's President, Emmerson Mnangagwa, for initiating the land compensation progr...Published: 03 Sep 2020 at 18:49hrs | 3985 | by Daniel Itai
Mangudya's auction has made doubting Thomases believe
On June 23, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country.Indeed, the auction came as refre...Published: 30 Aug 2020 at 08:28hrs | 563 | by Jameson Dapi
Price stability to force inflation down
The growing price and exchange rate stability following the introduction in June of the forex auction, coupled with a cocktail of measures by the Reserve Bank of Zimbabwe (RBZ) to support the platform...Published: 30 Aug 2020 at 08:27hrs | 381 | by Staff reporter
Econet mulls data bundle tariff adjustment
Zimbabwe's largest mobile telecommunications company Econet Wireless is understood to be considering a data bundle price adjustment in the wake of mounting costs and rising inflation.A source ...Published: 28 Aug 2020 at 19:43hrs | 2771 | by Staff reporter
Mangudya's auction has made doubting Thomases believe…
On 23 June, 2020, Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya, introduced a market-based foreign exchange (forex) auction system for the country. Indeed, the auction came as refreshingly...Published: 28 Aug 2020 at 19:04hrs | 2304 | by Jameson Dapi
Mnangagwa two years on
THE Second Republic under President Mnangagwa has, in the two years of its span, recorded a number of milestones across sectors towards the achievement of Vision 2030 to transform the economy and impr...Published: 28 Aug 2020 at 06:47hrs | 529 | by Nqobile Tshili, Nduduzo Tshuma and Prosper Ndlovu
Mangudya stabilizes market and prices through Foreign exchange auction
The main objective of introducing the Foreign exchange auction is price stability and exchange rate price discovery. Prices have been stable for the past eight weeks or so, and hence optimism. That bi...Published: 26 Aug 2020 at 13:30hrs | 3406 | by Tinashe Eric Muzamhindo
How to successfully run a business from home
Running a business from home is something that many people dream of, and for most people, it was just that, a pipe dream that was a nice escape from reality when your boss is shouting at you for the t...Published: 26 Aug 2020 at 10:09hrs | 1823 | by Staff Writer
Govt sweats over Drax payment
Government is in a dilemma on whether to retain or pay US$2 million to Drax SAGL International for the supply and delivery of medicines and consumables as part of a US$20 million contract it later can...Published: 26 Aug 2020 at 07:29hrs | 4176 | by Staff reporter
Zimbabwe govt urged to fully dollarise
GOVERNMENT should just fully dollarise the economy as the current dual pricing system is not benefiting the country's majority who get their salaries in local currency, a local economic development an...Published: 26 Aug 2020 at 07:15hrs | 4244 | by Staff reporter
Businesses warned for flouting forex auction rate
GOVERNMENT has condemned the practice by some businesses to charge people paying in local currency using rates that are above the foreign currency auction rate. Most shops are not adhering to ...Published: 26 Aug 2020 at 07:07hrs | 400 | by Staff reporter
Ramaphosa's ANC is 'accused number one' for corruption
I write this letter to you, my fellow ANC member, as our movement and our country face one of the greatest challenges since the advent of democracy.I am sure that you are aware that across the...Published: 23 Aug 2020 at 20:42hrs | 1010 | by Matamela Cyril Ramaphosa
'Zimbabwe now a trillion dollar economy'
The Mid Term Monetary Policy Statement from the Reserve Bank is well worth a read. This is the first overall review following the formation of the Monetary Policy Committee in August 2019. I was privi...Published: 23 Aug 2020 at 20:33hrs | 10186 | by Eddie Cross
More USD for Zimbabwe
ZIMBABWEANS living and working abroad sent more than US$374 million back home during the first six months of the year, which represents a 26 percent rise from the US$298 million that was recorded in t...Published: 23 Aug 2020 at 11:11hrs | 1163 | by Staff reporter
Zimbabwe economy finally being 'rigged'
Nelson Chamisa and his MDC-Alliance lost the election in the July 2018 elections of the post-Mugabe era.Reacting to this loss, he cockily pronounced that it was of no consequence.His a...Published: 23 Aug 2020 at 11:10hrs | 817 | by Ambassador Chris Mutsvangwa
Gweru to introduce US$ billing system
GWERU City Council has resolved to introduce a dual pricing system for the convenience of residents offering to settle their bills in foreign currency, a senior council official said yesterday.Cou...Published: 22 Aug 2020 at 08:28hrs | 1279 | by Staff reporter
Mangudya admits partial dollarisation
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya, pictured, yesterday said the country partly dollarised to allow citizens to use foreign currency they get from their relatives in the diaspora....Published: 21 Aug 2020 at 19:28hrs | 1981 | by Staff reporter
Is foreign currency market stabilising?
It has been nine weeks since the Reserve Bank of Zimbabwe (RBZ) reintroduced the managed float interbank foreign currency trading system. The resumption was meant to establish a formal market under wh...Published: 21 Aug 2020 at 07:56hrs | 911 | by Respect Gwenzi
Mangudya goads firms to liquidate forex earnings
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya (pictured) has threatened to blacklist firms which do not liquidate their foreign currency on the forex auction as well as those who purchase the ...Published: 21 Aug 2020 at 07:49hrs | 1394 | by Staff reporter
RBZ to buttress auction system
THE Reserve Bank of Zimbabwe (RBZ) says it will announce policy measures to buttress stability of the auction system and exchange rate when it delivers the Mid-term Monetary Policy Review this week....Published: 16 Aug 2020 at 08:14hrs | 1076 | by Staff reporter
'No crisis in Zimbabwe which needs external intervention'
THESE has been a number of assertions, claims and even misconceptions in the media space on a number of very topical issues. The government has since felt duty-bound to put the record straight....Published: 13 Aug 2020 at 21:28hrs | 1169 | by Statement by Information Minister Monica Mutsvangwa:
Zera warns errant service stations
THE Zimbabwe Energy Regulatory Authority (Zera) has warned service stations not using their own offshore funds against charging fuel in forex only. Zera said it is illegal for service stations...Published: 12 Aug 2020 at 06:46hrs | 826 | by Staff reporter
Zimbabwe not dollarising, says RBZ
RESERVE Bank of Zimbabwe (RBZ) governor Dr John Mangudya, insists there is no going back on the process of de-dollarising the economy despite the growing use of the US dollar in most transactions, mor...Published: 10 Aug 2020 at 17:12hrs | 1790 | by Staff reporter
Protect the rural poor from unscrupulous businesses
The pricing system by some traders seem well calculated and calibrated to circumvent SI 185 that compels using forex auction rate. To avoid being on a collision course with the law, shop owner...Published: 07 Aug 2020 at 18:10hrs | 397 | by Thomas Tondo
Zimbabwean state capture
In my weekly political review show on the Gambakwe media platform two Sunday ago, we discussed about the planned demonstration on the 31st of July 2020. During the interview I invok...Published: 06 Aug 2020 at 22:59hrs | 4235 | by Terence. T. Simbi
Fuel prices rise
THE Zimbabwe Energy Regulatory Authority (Zera) has increased the price of fuel by margins ranging between 30 percent and 33 percent with effect from yesterday.However, in a public notice, Zer...Published: 05 Aug 2020 at 18:32hrs | 3445 | by Staff reporter
Motorists plead for fuel dual pricing
Government should come up with legislation that makes it mandatory for service stations to sell fuel in both foreign and local currency in line with the prevailing exchange rate, motorists have said. ...Published: 04 Aug 2020 at 08:07hrs | 498 | by Staff reporter
Analysis of Dual Pricing Policy (SI 185 of 2020)
The Zimbabwean government gazetted Statutory Instrument (SI) 185 of 2020 on the 24th of July 2020. The latest regulation compels sellers of various goods and services to display, quote and offer price...Published: 03 Aug 2020 at 17:05hrs | 3397 | by Victor Bhoroma
Fuel smuggling ring busted
Multiple fuel smuggling scams are being run in Zimbabwe with cheap fuel being smuggled from Mozambique, sometimes mislabelled to avoid customs duty, and sold or re-exported for hard currency while fue...Published: 03 Aug 2020 at 07:47hrs | 824 | by Staff reporter
Unfair mealie-meal distribution irks residents
HARARE residents have complained over unfair distribution of subsidised roller meal which they claimed favoured uniformed forces and government officials.The residents made the claims to Harar...Published: 29 Jul 2020 at 13:08hrs | 146 | by Staff reporter
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