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Zimbabwe has higher inflation than war-torn Ukraine
ZIMBABWE's inflation rate at 191,7% as of June 23 is now much higher than Ukraine's 41%, a country in the middle of a fierce war with Russia.In a statement, the Zimbabwe Coalition on Debt and ...Published: 01 Jul 2022 at 07:22hrs | 222 | 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 | 557 | by Staff reporter
Smirnoff vodka leaving Russia
The UK-based owner of popular alcohol brands says it will wind down all business operations within six monthsUK-based alcoholic beverage producer Diageo is leaving Russia due to the Western sa...Published: 28 Jun 2022 at 18:37hrs | 1938 | by Staff reporter
34,000 new houses for teachers, says Mthuli Ncube
THE government has said it would embark on a highly ambitious project to build 34,000 houses for teachers in the next five years.This comes at a time when teachers and health workers have been...Published: 28 Jun 2022 at 12:16hrs | 1034 | by Staff reporter
Zimbabwe bans US$ sales discounts
FINANCE Minister, Mthuli Ncube on Monday traversed a tight passage as he balanced between the country's pressing economic needs and the tide of rising inflation prompted by external factors and low co...Published: 27 Jun 2022 at 19:06hrs | 3254 | by Staff reporter
'South Africa's petrol price could hit R40 a litre'
The ongoing war in Ukraine is costing South Africa billions in lost revenues and added costs, and trade officials are concerned that further widespread disruptions to the local economy are likely....Published: 26 Jun 2022 at 12:29hrs | 1922 | by Staff reporter
Sanctions make Russian debt default a non-event
Russia is on the brink of its first debt default since 1998 as the Sunday deadline to make a $100m interest payment seems certain to be missed.Russia has the money and is willing to pay, but s...Published: 26 Jun 2022 at 09:26hrs | 506 | by BBC
African leaders shun Ukraine's Zelensky
Only four out of 55 leaders reportedly listened to President Zelensky's virtual address to the African UnionJust a handful of African heads of state tuned in to personally listen to Ukrainian ...Published: 26 Jun 2022 at 08:51hrs | 2175 | by Staff reporter
G7 face battle for unity as cost of Ukraine war mounts
The Russian war against Ukraine will inevitably dominate the summit of G7 nations in Bavaria.And the leaders of the US, UK, Germany, France, Italy, Canada and Japan face a difficult challenge....Published: 26 Jun 2022 at 08:50hrs | 339 | by Staff reporter
Family of 6 now requires ZW$110,550 for monthly expenses in Zimbabwe
THE cost of living for a family of six has shot up to a whooping ZW$110 550 for monthly expenses, Zimbabwe National Statistics Agency (ZIMSTAT) latest data for June 2022 has revealed.During th...Published: 26 Jun 2022 at 08:16hrs | 383 | by Staff reporter
Zimbabwe inflation doubles in two months to 191%
ZIMBABWE'S annual inflation rate quickened to 191.6 percent in June, more than doubling the consumer price increases of two months ago, official statistics showed Saturday.The development came...Published: 26 Jun 2022 at 08:16hrs | 312 | by Staff reporter
'Zimbabwe takes principled stand on Russia'
Government made the right decision to reject brazen attempts by the United States (US) to arm-twist Zimbabwe into joining a Washington-led coalition to isolate Russia for the conflict in Eastern Europ...Published: 26 Jun 2022 at 08:09hrs | 902 | by Staff reporter
Call to review Zimbabwe tax thresholds
Government has been implored to increase the exemption threshold on payroll tax to cushion workers from current challenges such as high inflation and the contagion effects of conflict between Russia a...Published: 26 Jun 2022 at 08:09hrs | 171 | by Staff reporter
Zanu PF anti-western rhetoric is but a tacit admission they are not masters in their own home and never were!
Zimbabwe gain her independence back in 1980, marking the end of white colonial rule. But to listen to the anti-Western rhetoric from the country's ruling elite one would be forgiven to believe the whi...Published: 25 Jun 2022 at 14:24hrs | 334 | by Nomusa Garikai
Mnangagwa says there iso excuse for not registering to vote
PRESIDENT Mnangagwa has implored all Zimbabweans to register to vote ahead of the 2023 harmonised elections saying those without identity particulars should take advantage of the ongoing free registry...Published: 24 Jun 2022 at 07:37hrs | 160 | by Staff reporter
Mnangagwa lifts curfew, but masks to remain mandatory
The government on Tuesday lifted a midnight to dawn curfew imposed as part of Covid-19 containment measures, noting that the pandemic situation in the country is under control.Zimbabwe has imp...Published: 23 Jun 2022 at 18:19hrs | 1068 | by Staff reporter
Parly probes companies refusing local currency
PARLIAMENT will soon institute urgent investigations into manufacturers and wholesalers that are not accepting local currency as a means of payment for basic commodities despite obtaining foreign curr...Published: 22 Jun 2022 at 06:40hrs | 238 | by Staff reporter
Dubai Zimbabwe's second-largest gold market
THE United Arab Emirates (UAE) has consolidated its position as Zimbabwe's second-largest export destination as gold shipments to the region continue to grow, a new report by the country's statistical...Published: 21 Jun 2022 at 15:24hrs | 645 | by Staff reporter
Germany wanted South Africa to get away from coal but itself is back on coal fired power plants
Germany which was reported to be availing €700 million (R12.5 billion) towards helping South Africa phase out the use of coal has started up its Coal-fired power plants again as the country compensa...Published: 21 Jun 2022 at 14:16hrs | 379 | by Staff reporter
South Africa taxis to hike fare amid spiralling fuel hikes
South Africans who make use of minibus taxis as a means of transportation will have to brace for another cost of living increase, after a Santaco representative revealed that the organisation is set o...Published: 21 Jun 2022 at 14:03hrs | 260 | by Staff reporter
Leave Joshua Nkomo alone, Zapu tells Mthwakazi
THE opposition Zapu party has ordered the secessionist Mthwakazi Republic Party (MRP) to let the late former Vice-President Joshua Nkomo's spirit rest in peace and stop soiling his name....Published: 21 Jun 2022 at 06:44hrs | 1103 | by Staff reporter
Bread prices set to drop?
BREAD prices are set to drop after the Reserve Bank of Zimbabwe (RBZ) pledged to prioritise foreign currency allotments to the National Bakers Association of Zimbabwe to facilitate the importation of ...Published: 21 Jun 2022 at 06:37hrs | 257 | by Staff reporter
Mthwakazi says Joshua Nkomo was partly to blame for Gukurahundi genocide
THE Mthwakazi Republic Party (MRP) has said late Vice President Joshua Nkomo's decision to turn down an chance at splitting Zimbabwe into two, on tribal lines, is partly to blame for the murder of som...Published: 20 Jun 2022 at 06:47hrs | 2170 | by Staff reporter
Maybe Zimbabweans are okay with their suffering!
Tune in to any international news channel, and one encounters citizens of various nations around the world taking a firm stand against their pain and suffering endured as a result of unbearable econom...Published: 19 Jun 2022 at 21:04hrs | 1978 | by Tendai Ruben Mbofana
Mphoko spills beans on murky US$6bn deal
Former vice-president Phelekezela Mphoko has revealed how the army seized Zimbabwe's biggest platinum reserves, saying he was threatened with dismissal by unnamed generals for questioning the deal whi...Published: 19 Jun 2022 at 10:10hrs | 7994 | by Staff reporter
Zanu-PF Matebeleland South official dies
THE ruling Zanu-PF in Matabeleland South has been plunged to mourning following the death of Evelyn Mpofu who was the vice-chair in the provincial Women's League.Mpofu, who passed on Friday wa...Published: 19 Jun 2022 at 10:06hrs | 293 | by Staff reporter
Govt keeps focus on Zimdollar
Government will not let-up on implementing fiscal and monetary measures to contain resurgent inflation and tame Zimbabwe dollar volatility, Finance and Economic Development Minister Professor Mthuli N...Published: 19 Jun 2022 at 10:04hrs | 226 | by Staff reporter
CCC: A Triple Legacy for Zimbabwe
Dying for European perspectiveAMUSING if it was not tragic. The European Union, EU, has granted Ukraine candidate status. It's a remote stage along a very long continuum to eventual EU&n...Published: 18 Jun 2022 at 07:22hrs | 230 | by Jamwanda
Russia hits back at US
RUSSIA has allayed fears its ongoing onslaught on Ukraine will plunge the world into acute commodity shortages due to delays in shipments as a result of the conflict, the Zimbabwe Independent has repo...Published: 17 Jun 2022 at 08:58hrs | 1986 | by Staff reporter
South Africa diesel mixed with paraffin, says Mantashe
Mineral Resources and Energy Minister Gwede Mantashe warned of a growing trend of diesel-paraffin mixtures being sold as diesel at petrol stations.In a parliamentary debate on Wednesday, he sa...Published: 16 Jun 2022 at 14:04hrs | 1142 | by Staff reporter
Busisa Moyo exposes David Coltart
United Refineries CEO, ZITF Chairman and leading Zimbabwean businessman Busisa Moyo has rebutted allegations by CCC Treasurer General David Coltart that him and former MDC leader Eddie Cross are in Un...Published: 16 Jun 2022 at 11:49hrs | 5104 | by Mandla Ndlovu
Mnangagwa sought Magaisa's support after coup?
Chiwenga chases Schroeder's record - The Lord of RingsZIMBABWEAN Vice-President retired General Constantino Chiwenga seems to be chasing former German chancellor Gerhard Schroeder's record in seri...Published: 13 Jun 2022 at 17:47hrs | 1310 | by Staff reporter
There is no winner in every war
MORE than 100 days have passed since Russia invaded Ukraine and the conflict seems far from over. Civilians are undoubtedly the biggest victims.It seems the protagonists have abandoned diploma...Published: 13 Jun 2022 at 06:47hrs | 415 | by Terrence Mwedzi
Mnangagwa lashes out at United States
PRESIDENT Mnangagwa has lashed out at the United States for its "disturbing streak of selfishness and coercive diplomacy" demonstrated by its latest decision to introduce a law to monitor activities i...Published: 13 Jun 2022 at 06:45hrs | 817 | by Staff reporter
Major-General Nyathi burial today
National hero Major-General (Retired) Sikhulile Simpson Nyathi will be buried at the National Heroes Acre today.Maj-Gen (Rtd) Nyathi (61) died last Sunday at the Josiah Magama Tongogara Barrac...Published: 13 Jun 2022 at 06:42hrs | 173 | by Staff reporter
Zimbabwe fuel imports drop sharply
Zimbabweans have been forced to cut on fuel spending owing to the rolling increases of the product after global petroleum prices spiked because of the Russia-Ukraine war.Statistics from the Zi...Published: 12 Jun 2022 at 09:18hrs | 535 | by Staff reporter
'Zimbabwe to become a supermarket of imports'
GOVERNMENT'S decision to suspend duty on imports of selected basic commodities such as rice, flour and cooking oil for six months will cripple the country's already ailing economy and industries, loca...Published: 11 Jun 2022 at 09:33hrs | 1320 | by Staff reporter
US threatens Zimbabwe over Russian ties
AS Africa reels from the catastrophic effects of Russia's invasion of Ukraine marked by acute food and commodity shortages, the United States (US) has issued a stark warning of the prolonged consequen...Published: 11 Jun 2022 at 09:31hrs | 10508 | by Staff reporter
Harare ranks 4th expensive African city
HARARE has been ranked the fourth most expensive African city to live in out of 15 sampled cities, as authorities accuse businesses of conniving to push up the cost of living.This is according...Published: 11 Jun 2022 at 09:09hrs | 170 | by Staff reporter
12 Zimbabwe banks fined for sabotage
AT least 12 banks were penalised for financial indiscipline during a recent crackdown embarked upon by the Government when it temporarily stopped them from lending money to the public, President Mnang...Published: 11 Jun 2022 at 09:07hrs | 343 | by Staff reporter
Malawi opposition seeks to block US$22m sale of maize to Zimbabwe
LEADER of the opposition in Malawi's Parliament Kondwani Nankumwa has written to that country's president, Lazarus Chakwera, urging him to intervene and stop the sale of maize to neighbouring Zimbabwe...Published: 10 Jun 2022 at 08:05hrs | 1188 | by Staff reporter
Go well defender of Zimbabwe's legacy!
IT was a grand sendoff fit for a liberator as the body of the late Major General (Retired) Sikhulile Simpson Nyathi left his rural home yesterday in Mapate area in Gwanda on the final journey for buri...Published: 10 Jun 2022 at 07:53hrs | 312 | by Staff reporter
Fuel price goes up again
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a latest jump in fuel prices effective Tuesday, 7 June 2022.In a public notice issued yesterday, the energy regulator pegged the n...Published: 08 Jun 2022 at 08:59hrs | 649 | by Staff reporter
Zera announces jump in fuel prices
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a latest jump in fuel prices effective Tuesday, 7 June 2022.In a public notice issued yesterday, the energy regulator pegged the n...Published: 08 Jun 2022 at 08:58hrs | 439 | by Staff reporter
Currency Crimes: Four banks to face the music
FOUR banks have been placed under intense scrutiny and will face stiff penalties from the Financial Intelligence Unit (FIU) over allegations of involvement in illicit financial crimes that have led to...Published: 08 Jun 2022 at 07:29hrs | 5045 | by Staff Reporter
Govt to continue with partial dollarisation
RESERVE Bank of Zimbabwe Governor, Dr John Mangudya says the country cannot afford to fully dollarise as the move will be detrimental to the socio-economic growth of the country.The Russia Ukr...Published: 07 Jun 2022 at 17:55hrs | 3028 | by Staff Reporter
Price of bread skyrockets again in Zimbabwe
A standard loaf of bread now costs $640, up from $450, or US$2.10 using the foreign exchange auction rate, piling more misery on Zimbabweans grappling with price hikes.During the inclusive gov...Published: 05 Jun 2022 at 09:16hrs | 13918 | by Staff reporter
Trouble ahead in Zimbabwe
Conditions for the people of Zimbabwe continue to go from bad to worse. Triple digit inflation shows no signs of slowing.Over half of the country lives in poverty.Its corrupt governmen...Published: 05 Jun 2022 at 09:12hrs | 907 | by Michelle Gavin
4 Zimbabwe banks to face currency crimes charges
FOUR banks have been placed under intense scrutiny and will face stiff penalties from the Financial Intelligence Unit (FIU) on allegations of involvement in illicit financial crimes that have led to t...Published: 05 Jun 2022 at 09:08hrs | 1407 | by Staff reporter
'The Reserve Bank of Zimbabwe is not creating money'
The Sunday Mail Editor Victoria Ruzvidzo (VR) had a no-holds-barred interview with RBZ Governor Dr John Mangudya (JM) on the latest developments in the economy, among them suspension of bank lending, ...Published: 05 Jun 2022 at 09:00hrs | 225 | by Staff reporter
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