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Bulawayo doctor acquitted in US$38,500 maintenance case
A prominent Bulawayo medical practitioner, Dr Nkonzo Ndebele, has been acquitted of charges related to the non-payment of US$38,500 in child maintenance. The 59-year-old doctor, from Bellevue suburb, ...Published: 23 Apr 2025 at 08:32hrs | 363 | by Staff reporter
Mnangagwa's growing love for rule-by-decree
President Emmerson Mnangagwa has been increasingly making use of Statutory Instruments (SI units) during his tenure as head of State. Analysts are describing it as a form of command politics steering ...Published: 02 Sep 2021 at 06:16hrs | 14 | by Staff reporter
Zimbabwe's poverty datum line increases
THE Zimbabwe National Statistical Agency (ZimStats) yesterday said the country's year-on-year inflation figure eased to 56,37% in July, down from 106,4% in June.ZimStats also said the total co...Published: 28 Jul 2021 at 07:48hrs | 1 | by Staff reporter
Ex-AirZim workers reject Zimdollar payouts
Former Air Zimbabwe workers have vowed to fight against the payment of their salary arrears in local currency at a rate of US$1: ZW$1, arguing that the move is unconstitutional.The 300 ex-work...Published: 02 May 2021 at 09:30hrs | | by Staff reporter
Landmark ruling on vehicle plates
GOVERNMENT has been ordered to reimburse motorists who paid for new vehicle registration plates in foreign currency since July last year, but failed to get them.In a landmark ruling on Wednesd...Published: 16 Apr 2021 at 07:52hrs | 3 | by Staff reporter
Biti wants government to fully dollarise
HARARE East legislator and former finance minister Tendai Biti has called on government to both accept the country's economy has dollarised by default and to liberalise the exchange rate following con...Published: 04 Mar 2021 at 06:22hrs | | by Staff reporter
Zimbabwe suffers steep 30% job losses
BUILDING layer upon layer of tradition, pre-Christmas television and billboard advertisements and glittering decorations are now some kind of cultural event. Or so the advertising industry would have ...Published: 24 Dec 2020 at 17:01hrs | 1 | by Staff reporter
Hon Biti attempting to ensnare Prof Ncube, Dr Mangudya for political gain
FORMER Finance and Economic Development Minister, Honourable Tendai Biti is one of the very few political figures within the country's multiple opposition parties who appear to understand their respon...Published: 15 Sep 2020 at 11:34hrs | 1 | by Nathan Gurira
Court throws away RTGS$ challenge
THE High Court has dismissed with costs an application filed by Harare businessman and University of Zimbabwe lecturer, Shakespear Hamauswa, challenging the legality of the Real Time Gross Settlement ...Published: 23 Aug 2019 at 07:45hrs | 3 | by Staff reporter
Zimbabwe family food basket hits $1 684,45 mark
CONSUMER rights watchdog, Poverty Reduction Forum Trust (PRFT), says during the month of July, an average family of six required at least $1 684,45 to sufficiently source food and non-food items....Published: 21 Aug 2019 at 07:53hrs | | by Staff reporter
The futility of Mthuliconomics
We used to have that chap called Gideon Gono at the Reserve Bank of Zimbabwe. He was always full of energy, busy doing things that never solved any problem. The cynics called that egonomics.Go...Published: 11 Aug 2019 at 11:26hrs | 4 | by Tawanda Majoni
Zimbabwe construction sector in limbo
THE construction sector has performed dismally in the first half of the year with a number of contracts either shelved or cancelled altogether.As a result of the deepening economic crisis char...Published: 09 Aug 2019 at 08:06hrs | 1 | by Staff reporter
Mthuli Ncube's 'illegal' budget causes chaos in parliament
THERE was chaos and drama in Parliament yesterday as tempers flared when Finance minister Mthuli Ncube and Justice minister Ziyambi Ziyambi ignored issues raised by opposition MDC Alliance MPs and Nor...Published: 09 Aug 2019 at 07:31hrs | | by Staff reporter
Zimbabwe fuel price seen rising weekly
ZIMBABWE Energy Regulatory Authority (Zera) chief executive Eddington Mazambani yesterday said it would be difficult to keep fuel prices stagnant given that duty is now calculated as a percentage of c...Published: 09 Aug 2019 at 07:30hrs | 1 | by Staff reporter
MDC-T statement on the meeting of POLAD
The Political Actors Dialogue commonly known as POLAD sat on Friday the 2nd of August 2019 to deliberate on the challenges the country is facing, especially the "economy". The meeting was atte...Published: 08 Aug 2019 at 22:35hrs | 3 | by Khaliphani Phugeni
Unions clash with Mnangagwa's govt
AS the nation plunges deeper into economic turmoil, trade unions have come under the spotlight as they clash with government and business over the working conditions of the country's ever-dwindling wo...Published: 02 Aug 2019 at 08:18hrs | 5 | by Staff reporter
Forex black market struggles
FOREIGN currency trades on the interbank market have greatly improved as people shun the risky black market, Reserve Bank of Zimbabwe governor Dr John Mangudya said.The trades are also expecte...Published: 28 Jul 2019 at 09:08hrs | | by Staff reporter
Zimdollar return hits pensions
Zimbabwe Association of Pension Funds (ZAPF) is saying the introduction of Statutory Instrument (SI) 142 has reduced confidence in policyholders and shareholders in the pensions industry that has been...Published: 26 Jul 2019 at 08:28hrs | 1 | by Staff reporter
US$ payments for chrome miners
CHROME miners will, with immediate effect, get US Dollar payment for their deliveries following Reserve Bank of Zimbabwe's (RBZ) refining of Statutory Instrument (SI) 142 of 2019. The announce...Published: 25 Jul 2019 at 07:46hrs | 1 | by Staff reporter
Biti now speak dialogue and not protests
MDC deputy president Tendai Biti has warned the country is facing imminent implosion due to President Emmerson Mnangagwa's administration's failure to deal with the deteriorating economic situation....Published: 24 Jul 2019 at 14:13hrs | | by Staff reporter
'RBZ can do more to force rate down'
THERE is significant headroom for the foreign exchange rates to come further down, thereby reining in inflation and speculative price increases, but only if the Reserve Bank of Zimbabwe abides by Gove...Published: 24 Jul 2019 at 08:01hrs | | by Staff reporter
'Mission: Zanu PF realise link between Z$, knowledge and production' - how, when only they know best
Last month the Mnangagwa government enacted the Statutory Instrument 142 (2019) in which the regime banish the use of the basketful of multi-foreign currencies as legal tender in Zimbabwe leaving the ...Published: 19 Jul 2019 at 19:46hrs | 1 | by Wilbert Mukori
Of all the feeble excuses for imposing Z$ Minister Ncube's takes the biscuit - sanctions, very original too
Of all the feeble excuses proffered by this Zanu PF regime for ending the use of the multi-currency basket in favour of the local currency as the only legal tender; Minister of Finance, Professor Mthu...Published: 18 Jul 2019 at 09:43hrs | 1 | by Patrick Guramatunhu
Mthuli Ncube told to resign
MDC Treasurer General David Coltart has urged Finance and Economic Development Minister Mthuli Ncube to resign from his post before he dents his credibility by implanting policies that he does not bel...Published: 17 Jul 2019 at 12:50hrs | 1 | by Mandla Ndlovu
Mthuli Ncube's reforms trigger new cash crisis?
A revealing editorial in today's Herald says SI 142/19, which hastily scrapped the multi-currency system & prematurely introduced a non-existent Zimbabwe dollar as the sole legal tender in the cou...Published: 15 Jul 2019 at 09:44hrs | 1 | by Staff reporter
SI 142 yields positive results
Having been asked by fellow Zimbabweans to clarify the impact of Statutory Instrument 142 of 2019 (SI 142/2019), announced by Finance and Economic Development Minister Professor Mthuli Ncube on June 2...Published: 15 Jul 2019 at 07:45hrs | 1 | by Tendai A. Chinamasa
Edgars Stores ups interest rates
Edgars Stores Limited says it is in the process of increasing interest rates charged on customer accounts due to inflation and increased cost of borrowing.In a trading update at the company's ...Published: 14 Jul 2019 at 14:55hrs | 4 | by Staff reporter
ZEC ignores SI 142, charges accreditation fees in US$
The Zimbabwe Electoral Commission (Zec) has come under fire from members of the media, civil society and elections observers who argue that the charging of accreditation fees in US dollars is unjustif...Published: 13 Jul 2019 at 10:50hrs | | by Staff reporter
Having Zanu-PF and MDC for leaders is like having parents who are not a full shilling - life is hell-on-earth
In the rural village where I grew up lived an odd couple, both the husband and wife were "not a full shilling", people said. As luck would have it, the two were blessed with a child. The two would not...Published: 12 Jul 2019 at 19:57hrs | 6 | by Patrick Guramatunhu
ZSE to maintain dual listing for local companies
DUAL listing remains the most viable option for local listed companies and the Zimbabwe Stock Exchange (ZSE) will not dump its plan to collaborate with other offshore bourses despite the 90-day morato...Published: 12 Jul 2019 at 09:18hrs | | by Staff reporter
The perfect storm is coming
I do not know what we have to say or do to get those in authority here to get them to understand that if they do nothing, Zimbabwe is headed for a political storm which could change everything or even...Published: 11 Jul 2019 at 11:56hrs | 1 | by Eddie Cross
Masiyiwa 'former' lawyer's multi-currency regime challenge ruled not urgent
High Court judge Justice Joseph Musakwa has ruled as not urgent an application by businessman and lawyer, Tawanda Nyambirai who was seeking an order to interdict Finance minister Mthuli Ncube and Rese...Published: 11 Jul 2019 at 07:25hrs | 3 | by Staff reporter
Mthuli Ncube taunts 'misguided' lawyers challenging SI 142
FINANCE minister Mthuli Ncube has described litigations against the reintroduction of the Zimbabwean dollar and ban on the use of foreign currencies as "misguided".Currently, there are three c...Published: 09 Jul 2019 at 17:58hrs | 2 | by Staff reporter
Muzamhindo presents an Alternative, Clear and sound Development plan which will take Zimbabwe forward
Academic Tinashe Eric Muzamhindo writes:A policy is a declaration of an intention of an organisation or institution. These are rules and regulations which will set terms of references for an o...Published: 09 Jul 2019 at 09:56hrs | 1 | by Tinashe Eric Muzamhindo
I downed a quart of beer without paying
What a great sigh of relief, my favourite Lion Lager beer is now retailing at 6 RTGS a quart from OK outlets. I could not help it but smile as I walked with a spring in my step towards the Liquor Corn...Published: 08 Jul 2019 at 08:32hrs | 3 | by Thomas Murisa
Multi-currency was a disaster
Government says multi-currency system created fiscal and monetary challenges, stunting economic growth and making most industries in Zimbabwe uncompetitive. Treasury permanent-secretary George...Published: 08 Jul 2019 at 08:31hrs | 1 | by Staff reporter
Mai Tombi's bananas are now 50 cents each
Aaah! I am tempted to believe magic is for real, abracadabra. How can 2 lts cooking oil price climb down from 21 rtgs to 16 rtgs in one week at TM Chadcombe? Even anointing oil cannot match that...Published: 08 Jul 2019 at 08:27hrs | 3 | by Thomas Murisa
'Multi-currency stifled Zimbabwe economic growth'
THE use of the multi-currency system since 2009 stifled growth as the country could not utilise monetary instruments to stimulate economic activity, Finance and Economic Development Minister, Prof Mth...Published: 08 Jul 2019 at 07:57hrs | 1 | by Staff reporter
Fresh Zimdollar headache for govt
The government's decision to reintroduce the local currency faces a serious test after a third person filed a High Court application challenging President Emmerson Mnangagwa's use of presidential powe...Published: 07 Jul 2019 at 21:34hrs | 1 | by Staff reporter
Monetary Policy and the rule of law
Much debate has been generated after the promulgation of SI 142 of 2019 by the Minister of Finance.Some commentators particularly Veritas have come out accusing the government of not obs...Published: 07 Jul 2019 at 21:02hrs | | by Staff reporter
'Forex use not banned or criminalised'
LEGAL think-tank Veritas says the use of foreign currency has not been banned or criminalised through Statutory Instrument 142 of 2009, which introduced the return of the Zimbabwean dollar and its use...Published: 06 Jul 2019 at 10:08hrs | | by Staff reporter
IMF welcomes Mthuli Ncube's monetary reforms
The International Monetary Fund (IMF) says the latest reforms announced by both the Ministry of Finance and Economic Development through SI 142 of 2019 and the Reserve Bank of Zimbabwe through exchang...Published: 05 Jul 2019 at 07:49hrs | 1 | by Staff reporter
PHOTOS: Mthuli Ncube's magic now working?
FINANCE Minister Mthuli Ncube's prophecy that prices of basic goods in terms of RTGS$ were, in fact, going down looks like is coming to pass.Professor Ncube in June said that reforms whic...Published: 04 Jul 2019 at 21:52hrs | 1 | by Staff reporter
Giving Mthuli Ncube's mono-currency a fighting chance
It is July 1, 1916, World War 1, the Battle of the Somme. The British Army had been planning for weeks and months for a massive assault on German positions dug in around Somme, to relieve pressure on ...Published: 04 Jul 2019 at 18:46hrs | 2 | by Joseph Mverecha
Zimbabwe businesses reduce prices
Zimbabwean businesses have started to reduce prices of services and commodities following threats issued by President Emmerson Mnangagwa that the government would be taking measures to enforce price r...Published: 04 Jul 2019 at 17:18hrs | 2 | by Staff reporter
Black market loses grip
Some illegal foreign currency dealers have been pushed out of "business" as Statutory Instrument (SI) 142 of 2019 effects continue to hold fort on the foreign exchange market, forcing rates to tumble....Published: 03 Jul 2019 at 08:36hrs | 1 | by Staff reporter
Man challenges SI 142
A Harare man Godfrey Mupanga has filed an application at the High Court seeking to set aside Statutory Instrument 142 of 2019 which scrapped the multi-currency system. Through Statutory Instru...Published: 03 Jul 2019 at 08:20hrs | | by Staff reporter
Minister Ncube you are printing Z$ 400 m to pay for increased expenditure = financial indiscipline. Simple!
"ZIMBABWE will print ZWL$400 million bond notes which it says will be drip-fed into the economy to cover the gap left after government banned the use of multi-currencies in local transactions," report...Published: 03 Jul 2019 at 07:37hrs | 2 | by Patrick Guramatunhu
Zimbabwe to print $400 million bond notes
ZIMBABWE will print ZWL$400 million bond notes which it says will be drip-fed into the economy to cover the gap left after government banned the use of multi-currencies in local transactions.T...Published: 02 Jul 2019 at 08:32hrs | 3 | by Staff reporter
Zimbabwe - Where did that come from?
Statutory Instrument 142 - Monday June 24, 2019 will go down as one of those days you remember.I have just read the Zimbabwe Independent for this week, it was all about the "return of the Zimb...Published: 02 Jul 2019 at 08:27hrs | | by Eddie Cross
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