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Basics disappear from Zimbabwe shop shelves
ZIMBABWEAN retailers are struggling to restock locally produced goods using the local unit as manufacturers and wholesalers are turning them away in favour of those that pay in the United States dolla...Published: 15 Mar 2024 at 07:19hrs | 2544 | by Staff reporter
Zimbabwe unstoppable, says Mnangagwa
Despite the albatross of illegal, unjust, and baneful economic sanctions, Zimbabwe will continue marching on the path towards upper-middle-class economic status by 2030 with every Zimbabwean having a ...Published: 09 Mar 2024 at 09:13hrs | 192 | by Staff reporter
'Zimdollar will be defended'
THE Zimbabwe dollar will continue to be promoted and defended as it is crucial in boosting the operations of some companies, especially in the cooking oil sector, Finance, Economic Development and Inv...Published: 04 Mar 2024 at 04:42hrs | 798 | 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 | 1017 | by Staff reporter
Zimbabwe treasury exposes abuse of sugar tax for profiteering
GOVERNMENT has condemned the abuse of the Beverages Sugar Content Tax and other tariff measures by some businesses that deliberately misinterpret clear policy propositions for profiteering while unjus...Published: 28 Feb 2024 at 06:27hrs | 236 | 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 | 282 | by Staff reporter
Grain millers warn of rice price hike as VAT threat looms
The Grain Millers Association of Zimbabwe (GMAZ) has issued a warning that the price of rice in Zimbabwe could increase from US$2 to US$3 if Finance Minister Mthuli Ncube does not reverse the 15% Valu...Published: 20 Feb 2024 at 08:48hrs | 702 | by Mandla Ndlovu
IMF wants Zimbabwe central bank to dump monetary policies
THE International Monetary Fund (IMF) has advised government to cut the Reserve Bank of Zimbabwe's (RBZ) role in crafting monetary policies to just its core functions, after the local currency depreci...Published: 15 Feb 2024 at 10:07hrs | 424 | by Staff reporter
Traders reject Zimdollar
THE Zimbabwe dollar has continued to depreciate in 2024, with traders in some areas now refusing to accept the local currency, while parallel market exchange rates have been differing across the count...Published: 12 Feb 2024 at 13:49hrs | 164 | by Staff reporter
Zimbabwe economy edges towards full dollarisation
THE economy is edging closer to full dollarisation amid reports that the informal sector is rejecting the dual pricing regime, exclusively selling in the United States dollar.Latest figures re...Published: 09 Feb 2024 at 06:58hrs | 507 | 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 | 365 | 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 | 821 | by Staff reporter
Zimra gives small businesses tax reprieve
The Zimbabwe Revenue Authority (Zimra) has offered a six-month grace period for informal businesses to register for taxes in a move seen to boost State revenues.Revised guidelines outlining sp...Published: 30 Jan 2024 at 04:20hrs | 2381 | by Staff reporter
Grain millers flag 'artificial' mealie-meal shortages in supermarkets
LOCAL grain millers say they have contingency measures throughout the value chain to ensure adequate mealie-meal stocks to feed the nation.The assurance by the Grain Millers Association of Zim...Published: 29 Jan 2024 at 06:00hrs | 97 | by Staff reporter
Zimbabwe cracks down on Starlink traders
TELECOMMUNICATIONS regulator, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz), is cracking down on companies illegally advertising and distributing internet services and ga...Published: 26 Jan 2024 at 04:39hrs | 367 | by Staff reporter
Power Sales redefines infrastructure and strategy with market-leading technology
Power Sales, a leading wholesale clothing retail chain in Zimbabwe, had to completely revamp its systems, strategies and infrastructure in 2019. A new management team wanted to use the opportunity to ...Published: 25 Jan 2024 at 08:14hrs | 618 | by Charlote Hlangwane
Zimdollar further tumbles against US dollar
The cost of goods and services keeps on increasing in Zimbabwe as the local currency depreciates against the U.S. dollar, a trend that accelerated at the beginning of 2024.The local dollar, which ...Published: 18 Jan 2024 at 17:52hrs | 1021 | by Staff reporter
Retailers go to town bootlicking Mnangagwa
The Confederation of Zimbabwe Retailers (CZR) has issued a statement praising President Emmerson Mnangagwa's leadership, a commendation that some critics perceive as excessive and bordering on sycopha...Published: 16 Jan 2024 at 04:46hrs | 1998 | by Staff reporter
ZERA goes after unlicensed LPG, fuel dealers
Zimbabwe's Energy Regulatory Authority (ZERA) is set to crack down on unauthorized fuel dealers, a move that is expected to impact informal traders significantly. The surge in informality has led to n...Published: 16 Jan 2024 at 04:43hrs | 1001 | by Staff reporter
'Dollar deals' cripple bars, nightclubs
ILLEGAL alcohol sellers that have sprouted across the city are crippling the business of registered nightclubs and bars while Government has set high standards of operation to bring sanity to the dist...Published: 16 Jan 2024 at 04:41hrs | 808 | by Staff reporter
Zimbabwe exempts VAT on basic goods amid price hike concerns
The Zimbabwean government has revised taxes on basic goods, which were introduced in the 2024 national budget, amid rising price hike concerns.In a statement on Monday night, Zimbabwe's Minist...Published: 10 Jan 2024 at 05:57hrs | 450 | 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 | 215 | by Staff reporter
Mealie-meal shortage artificial
MEALIE-MEAL stock-outs in retail outlets witnessed over the last few weeks were a result of "logistical challenges" that were being faced by local milling companies, which have since been resolved and...Published: 07 Jan 2024 at 17:37hrs | 152 | by Staff reporter
'Mnangagwa's govt has agreed to suspend decisions on retail and VAT'
The government may suspend its unpopular decisions on trading and Value Added Tax to give time for talks with businesses, according to a leading industry group.Finance Minister Mthuli Ncube an...Published: 07 Jan 2024 at 17:33hrs | 808 | by Staff reporter
Bread price go up in Zimbabwe
The price of bread in Zimbabwe has increased recently, and bakers are attributing it to taxes mentioned in the 2024 National Budget by Finance Minister Mthuli Ncube. Bakers used to sell bread for arou...Published: 07 Jan 2024 at 17:32hrs | 668 | by Staff reporter
Zimbabwe prices soar as new taxes kick in
THE year 2024 has started on a sombre note for citizens as prices of basic commodities surge in the wake of businesses implementing new government tax measures.Meat dealers have indicated that...Published: 05 Jan 2024 at 05:53hrs | 410 | by Staff reporter
'Zimbabwe to closely monitor commodity prices'
GOVERNMENT will continue to monitor basic commodity prices and availability of 14 key products to help consumers acquire essential goods at reasonable costs, Industry and Commerce minister Sithembiso ...Published: 05 Jan 2024 at 05:52hrs | 75 | by Staff reporter
Only licensed traders can purchase from manufacturers in Zimbabwe
The Zimbabwe Revenue Authority (Zimra) said on Wednesday that only licensed and tax-compliant traders can purchase from manufacturers and wholesalers in a bid to encourage tax compliance and bolster g...Published: 04 Jan 2024 at 06:02hrs | 1044 | by Staff reporter
Zimra tightens screws on businesses
GOVERNMENT and the business sector are headed for a showdown after the Zimbabwe Revenue Authority (Zimra) yesterday announced a raft of tough measures limiting the formal traders' access to commoditie...Published: 04 Jan 2024 at 05:59hrs | 450 | by Staff reporter
Zimbabwean minister claims that maize meal supply guaranteed
The HeraldThe low volumes of some mealie meal brands that appeared in formal retail shops recently was just a temporary business distribution hitch not caused by any grain shortages, with mill...Published: 04 Jan 2024 at 05:55hrs | 113 | 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 | 122 | by Staff reporter
Schools inflate prices of uniforms
THE Government has called on parents to ignore unauthorised school fees for next term which begins in January, warning that school heads found flouting regulations will face disciplinary action....Published: 24 Dec 2023 at 16:08hrs | 102 | 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 | 383 | 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 | 455 | by Staff reporter
Zimbabwe industry players call for Budget taxes review
Organisations in industry and commerce want Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube to review some of the tax proposals he made in the 2024 Budget saying...Published: 12 Dec 2023 at 05:51hrs | 108 | 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 | 1470 | by Staff reporter
Retailers want zero VAT restored on basics
THE Confederation of Zimbabwe Retailers has called on Finance, Economic Development and Investment Promotion Minister Mthuli Ncube to reverse proposals to introduce Value Added Tax on a small range of...Published: 06 Dec 2023 at 05:04hrs | 288 | 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 | 227 | by Staff reporter
Can we honestly say someone in ICU is 'doing very well'?
So, finance minister Mthuli Ncube actually believes Zimbabwe's economy is 'doing very well'!Wow!Talk about delusional thinking!Or, perhaps it is just someone who is deliberatel...Published: 03 Nov 2023 at 17:56hrs | 577 | by Tendai Ruben Mbofana
Zimbabwe retailers index prices in USD
The foreign currency exchange rate system implemented by the Reserve Bank of Zimbabwe (RBZ) mandates that prices must be displayed in both local currency and foreign currency. Retailers are required t...Published: 31 Oct 2023 at 05:37hrs | 173 | by Staff reporte
Prices skyrocket in Zimbabwe
The ongoing depreciation of the local currency is plunging Zimbabweans further into economic hardship, causing prices of essential goods and services to soar beyond the means of most low-income famili...Published: 27 Oct 2023 at 06:18hrs | 501 | by Staff reporter
Mnangagwa law blamed for high US$ pricing
Industry and Commerce Minister, Sithembiso Nyoni, attributed the current high pricing in US dollars to Statutory Instrument (SI) 118A of 2022.SI 118A, enacted under the Presidential Powers (Te...Published: 25 Oct 2023 at 06:51hrs | 799 | by Staff reporter
Shortages of goods in Zimbabwe under probe
Industry and Commerce Minister Dr. Sithembiso Nyoni has addressed the artificial shortage of some essential goods in Harare's formal market, with a focus on ensuring price stability. During an engagem...Published: 25 Oct 2023 at 06:34hrs | 313 | by Staff reporter
Zimbabwe orders foreigners to get required documentation to continue operating businesses
The government has issued a directive requiring foreign nationals to obtain proper documentation in order to conduct business operations. This decision was prompted by the discovery that some expatria...Published: 24 Oct 2023 at 21:41hrs | 390 | by Staff reporter
'Boycott Israeli goods over blood bath,' says Malema
South Africa's third biggest political party, the Economic Freedom Fighters, has held a protest outside the Israeli embassy in the capital, Pretoria.Party leader Julius Malema once again calle...Published: 24 Oct 2023 at 06:11hrs | 579 | by Staff reporter
LP gas vendors arrested
The Zimbabwe Energy Regulatory Authority (ZERA) has reported the arrest and conviction of a minimum of 80 illegal vendors of Liquefied Petroleum Gas (LP gas) since the start of the year, along with th...Published: 23 Oct 2023 at 06:14hrs | 545 | by Staff reporter
Zimbabweans rejects Mbuya Nehanda note as inflation soars
Vendors and some retailers in Harare are now refusing to accept the ZW$50 banknote introduced in 2021 by Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya. This refusal is unsurprising as the note...Published: 05 Oct 2023 at 19:50hrs | 998 | by Staff reporter
Guvamatanga rubbishes retailers' complaints over spaza shop influx
George Guvamatanga, the Secretary of the Ministry of Finance, has chosen to downplay the impact of tuck shops on formal retailers. Instead, he has suggested that many businesses are being managed by i...Published: 03 Oct 2023 at 06:18hrs | 848 | by Staff reporter
Cost of living rises as Zimdollar slips
The cost of living has surged by an additional 4.8% to reach ZWL$95,462.53 per person in September, driven by the ongoing depreciation of the Zimbabwean dollar against the US dollar. The count...Published: 29 Sep 2023 at 06:22hrs | 229 | by Staff reporter
Zimbabwe business calls on presidential poll loser to concede defeat
ZIMBABWE'S industries this week called for a peaceful post-election period, as they made a passionate plea to frontrunners in the presidential poll to concede defeat and help the country focus on rebu...Published: 29 Aug 2023 at 08:12hrs | 1087 | by Staff reporter
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