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Chinese' shops flood Bulawayo CBD
A bustling shop along Fife Street, between Eighth and Ninth Avenue, known informally as a "Chinese shop," has become a go-to destination for Bulawayo residents in search of affordable goods. From kitc...Published: 18 Sep 2024 at 08:18hrs | 587 | by Staff reporter
Prices soar as new Zimbabwean currency struggles
The launch of Zimbabwe's new currency, the Zimbabwe Gold (ZWG), has been marked by significant challenges, including a sharp rise in basic commodity prices. Since its introduction on April 5 at an exc...Published: 11 Sep 2024 at 09:03hrs | 1021 | by Staff reporter
Last-minute back-to-school shopping rush hits Harare
As the new school term approaches, parents and guardians in Harare are grappling with skyrocketing costs for uniforms and stationery, as retailers seize the opportunity to profit from last-minute shop...Published: 09 Sep 2024 at 07:54hrs | 147 | by Staff reporter
Fuel price decrease brings welcome relief to SA consumers
Consumers in South Africa will be able to stretch their rands a little further this month after the fuel price decreases were announced this past week.The Department of Mineral Resources and E...Published: 08 Sep 2024 at 09:39hrs | 96 | by Staff reporter
Zera urges motorists to sue contaminated fuel retailers
Motorists whose vehicles were damaged by contaminated fuel from blacklisted service stations may have legal grounds for compensation, according to the Zimbabwe Energy Regulatory Authority (Zera)....Published: 06 Sep 2024 at 14:40hrs | 57 | by Staff reporter
Unilever pulling out of Zimbabwe after 80 years
Unilever, one of the world's leading consumer goods companies, is pulling out of Zimbabwe after 80 years of operation.The company, which had reaffirmed its long-term commitment to the country ...Published: 27 Aug 2024 at 11:21hrs | 1231 | by Staff reporter
ZiG manipulators face stiff sentences
Cabinet considered the report on basic commodities prices and availability and issues constraining local industry as presented by the Honourable Vice President Gen (Rtd) Dr CGDN Chiwenga. On m...Published: 07 Aug 2024 at 11:24hrs | 361 | by Staff reporter
Zimbabwe shops continue to reject ZiG
The surge in black-market exchange rates, which peaked at US$1:25 ZiG, has led some businesses in Bulawayo to reject transactions in Zimbabwe Gold (ZiG), defying government directives. This defiance u...Published: 30 Jul 2024 at 07:39hrs | 1844 | by Staff reporter
ZiG acceptance grows across Zimbabwe economy
The Reserve Bank of Zimbabwe (RBZ) has observed a growing acceptance of the local currency, ZiG, by both businesses and individuals, which aligns with the central bank's efforts to stabilize the econo...Published: 24 Jul 2024 at 08:54hrs | 2080 | by Staff reporter
Fire guts Topics building in Bindura
SEVERAL small retailers were left counting losses after a fire ripped through Topics Building in the Bindura Central Business District (CBD) on Saturday night.One person was injured and proper...Published: 14 Jul 2024 at 21:34hrs | 305 | by Staff Reporter
Flimsy tactics to resist use of ZiG exposed
Some shops in Bulawayo are defying government regulations by exclusively trading in US dollars and South African rand, ignoring the Zimbabwe Gold (ZiG) currency, despite legal obligations under Statut...Published: 02 Jul 2024 at 06:29hrs | 1 | by Staff reporter
Ignore the fart, Sing-PFee!
The recycled stories of reported Shona-Ndebele conflict are nothing more than a sponsored distraction from the real issues at hand. The real issue is the massive pillaging of national resources throug...Published: 01 Jul 2024 at 04:05hrs | 3 | by Dr. Raymond Chamba
Zimbabwe banks downplay ZWG shortages
Zimbabwe's banking sector has sought to downplay reports of severe liquidity shortages following the introduction of the new Zimbabwe Gold (ZWG) currency by the Reserve Bank of Zimbabwe (RBZ) on April...Published: 30 Jun 2024 at 18:32hrs | | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 1 | by Tendai Ruben Mbofana
Mnangagwa's wife cashes in on national dress
First Lady Auxillia Mnangagwa has reportedly been involved in profiting from the sales of Zimbabwe's national dress, a fabric she initiated and promoted, which has become ubiquitous at state and ZANU-...Published: 19 Jun 2024 at 07:37hrs | 2 | by Staff reporter
RBZ, kombi operators meet over change
The Reserve Bank of Zimbabwe (RBZ) has reported that despite releasing ZiG55 million in small notes and coins since April, the domestic market continues to experience a shortage of change. ...Published: 11 Jun 2024 at 05:45hrs | | by Staff reporter
Manufacturing sector on the rise in Zimbabwe
Zimbabwe's manufacturing sector is experiencing a significant resurgence, with capacity utilization surging to 53.2 percent, driven by growth in food, tobacco, cotton, leather, timber, furniture, phar...Published: 10 Jun 2024 at 14:03hrs | 271 | by Tonderai Ndoro
RBZ freezes 522 accounts for violating exchange control regulations
The Reserve Bank of Zimbabwe's Financial Intelligence Unit (FIU) has frozen 522 bank accounts and fined 140 entities and individuals for violating exchange control regulations, as part of efforts to d...Published: 09 Jun 2024 at 09:08hrs | 2 | by Staff reporter
Bakers Inn to build second plant in Bulawayo
Baker's Inn, a division of Victoria Falls Stock Exchange-listed Innscor Africa, is expanding its operations by adding a second plant to its Belmont factory in Bulawayo.The company recently com...Published: 22 May 2024 at 09:33hrs | 14 | by Staff reporter
Mnangagwa's govt to extend ZiG currency crackdown to shops
The government intends to expand its crackdown on street currency traders to include retailers, ensuring that goods and services are priced using only the official exchange rate of the new ZiG currenc...Published: 18 May 2024 at 12:38hrs | 6 | by Staff reporter
Zimbabwe spends US$40m on importing spaghetti
Zimbabwe's annual importation of approximately US$40 million worth of macaroni and spaghetti, primarily from Egypt, reflects the nation's sluggish industrialization progress. Despite pasta not being a...Published: 18 May 2024 at 11:55hrs | 32 | by Staff reporter
Shopping Shock: Over a third of customers scammed on popular shopping sites across Europe and beyond
While price comparison sites are a popular tool for finding deals and secure retailers, a new study reveals a disturbing truth: online shopping might not be as safe as we think. According to the ...Published: 17 May 2024 at 12:14hrs | 31 | by Staff Reporter
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
Zimbabwe banks, service providers successfully configure systems, processes to ZiG
OVER 90 percent of banking institutions and mobile bank service providers have successfully configured their systems and processes in line with the new monetary policy guidelines, paving the way for s...Published: 11 Apr 2024 at 08:39hrs | | by Staff reporter
RBZ pleads for ZiG acceptance as informal traders insist on US dollar
The Reserve Bank of Zimbabwe on Wednesday said the Zimbabwe dollar remains legal tender until April 30 following reports that informal traders are refusing to accept the currency for fear it will be w...Published: 10 Apr 2024 at 21:55hrs | | by Staff reporter
Zimbabwe's new ZiG currency strengthens on second day of trading
Zimbabwe's new gold-backed currency the ZiG strengthened a day after its debut, even as it roiled commerce nationwide as banks, retailers and utilities battled to switch to the new unit.It gai...Published: 10 Apr 2024 at 06:05hrs | 4 | by Staff reporter
Blitz exposes unregistered medicines
A JOINT operation between the Medicines Control Authority of Zimbabwe (MCAZ) and the police this week uncovered an illegal distribution network of unregistered and expired medicines including illicit ...Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
Zimdollar remains legal tender until month-end
The Zimbabwe dollar remains legal tender for all domestic transactions until April 30, when the Zimbabwe Gold (ZiG) notes and coins will come into circulation, the Reserve Bank of Zimbabwe (RBZ) has s...Published: 10 Apr 2024 at 06:02hrs | 1 | by Staff reporter
'ZiG difficult to accept in US$-dominated market'
Businessman and economist Nigel Chanakira says acceptance of the new currency, Zimbabwe Gold (ZiG), will be difficult given that the majority still prefer the greenback.The Reserve Bank of Zim...Published: 10 Apr 2024 at 06:02hrs | 1 | by Staff reporter
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
Foreign currency dealers ditch trading spots
MOST illegal money changers popularly known as "Osiphatheleni" have abandoned their traditional trading spots in Bulawayo following the launch by the Government of the new gold-backed currency, the Zi...Published: 09 Apr 2024 at 06:20hrs | 3 | by Staff reporter
Zimbabweans urged to have confidence in new currency
Measures announced by Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu in his maiden monetary policy statement on Friday should go a long way in containing prices and reducing inflation, a...Published: 08 Apr 2024 at 10:43hrs | | by Staff reporter
Econet platforms switch to new currency
ECONET Wireless Zimbabwe yesterday suspended trading in Zimbabwe dollars to facilitate the changeover to the new ZiG currency on its various product platforms.The ZiG was unveiled on Friday wh...Published: 07 Apr 2024 at 10:14hrs | | by Staff reporter
Econet announces preps for changeover from Zimdollar to ZiG
Econet Wireless Zimbabwe has announced that it has suspended trading in the ZWL currency as it works to configure the changeover from ZWL to the new ZiG currency on its various product platforms. ...Published: 07 Apr 2024 at 10:08hrs | | by Staff reporter
Zimbabwe's new currency notes out this week
ZIMBABWEANS were transacting exclusively in United States dollars yesterday as the country began transitioning to the new currency — Zimbabwe Gold (ZiG) — following unveiling of the new gold-backe...Published: 07 Apr 2024 at 10:06hrs | 1 | by Staff reporter
Price of mealie-meal has dropped, says CCZ
The Consumer Council of Zimbabwe (CCZ) says there has been a slight drop in the price of mealie-meal, with the commodity now readily available on the retail market.Prices of mealie-meal shot t...Published: 03 Apr 2024 at 18:45hrs | | by Staff reporter
Stockfeed subsidies for drought-hit livestock farmers
THE Government has stepped in to save the country's livestock situation with a coterie of urgent intervention measures aimed at bailing out farmers from losing their animals for a song to unscrupulous...Published: 31 Mar 2024 at 16:44hrs | 1 | by Staff reporter
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 | 4 | 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 | | 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 | 1 | 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 | 5 | 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 | | 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 | 1 | 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 | 11 | 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 | | 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 | 2 | 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 | 1 | 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 | | 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 | 1 | 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 | | by Staff reporter
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