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Zimbabweans survive on second-hand undergarments
ZIMBABWEANS mainly in urban areas are relying on second-hand undergarments smuggled into the country and sold at flea markets across the country as economic hardships continue to take a toll on the po...Published: 13 Nov 2020 at 05:41hrs | 3 | by Staff reporter
Import substitution: best remedy to high import bill
Zimbabwe imported goods worth $6.85 Billion in 2018, a 38% increase from 2017. That import figure can go up by 30% if smuggled merchandise and under declared imports at the country's border posts are ...Published: 12 May 2019 at 23:15hrs | 3 | by Victor Bhoroma
Mnangagwa creates over 20 000 jobs
OVER 20 000 new jobs have been created in the agriculture sector, with at least another 10 000 people becoming newly employed in mining, as the economic turnaround masterminded by President Emmerson M...Published: 16 Dec 2018 at 10:07hrs | | by Staff Reporter
RBZ allays basics shortage fears
The supply of basic goods is expected to increase towards the festive season, spurred by Government intervention through the indefinite suspension of Statutory Instrument (SI) 122 of 2017, and the pro...Published: 20 Nov 2018 at 05:35hrs | | by Staff reporter
Mnangagwa privately admits economic woes
PRESIDENT Emmerson Mnangagwa this week acknowledged to business leaders that the country's economy was in distress and in dire need of immediate rescue, amid rising inflationary pressures and currency...Published: 03 Nov 2018 at 12:59hrs | | by Staff reporter
Mnangagwa disappointed with local firms
PRESIDENT Emmerson Mnangagwa said he was disappointed by the behaviour of local manufacturers who abused laws meant to protect them from cheap imports, by holding the market at ransom.Speaking...Published: 01 Nov 2018 at 05:41hrs | | by Staff reporter
Zimbabwe producers in panic mode, rush to offload stockpiled goods
Some manufacturers of basic commodities are reportedly in panic mode, amid indications they are now desperate to immediately off-load the products they have been allegedly stockpiling in the last few ...Published: 28 Oct 2018 at 09:05hrs | 1 | by Staff reporter
Govt defends lifting of import ban
The indefinite amendment of Statutory Instrument 122 of 2017 (SI 122) will not threaten the existence of the local industry as government is committed to protecting it through foreign currency allocat...Published: 26 Oct 2018 at 08:20hrs | | by Staff reporter
Zimbabwe companies expected to close shop, massive job losses loom
The lifting of a protectionist policy introduced by former president Robert Mugabe's regime last year to promote local production could see companies closing shop, resulting in massive job losses, ind...Published: 25 Oct 2018 at 14:09hrs | | by Staff reporter
Top Zanu-PF organs meet
TOP Zanu-PF organs, the Politburo and the Central Committee, are meeting in Harare today to discuss critical issues affecting the party and the economy. Zanu-PF secretary for Administrat...Published: 25 Oct 2018 at 06:27hrs | | by Staff reporter
Sugar, cooking oil flood black market
The parallel market for basic commodities is flourishing again in Bulawayo as shortages blamed on a controversial government tax on electronic money transactions and foreign currency crisis worsens th...Published: 21 Oct 2018 at 09:43hrs | 3 | by Staff reporter
Mnangagwa cannot just do nothing - Mpofu
Former MDC Alliance legislator for Bulilima East Norman Mpofu has warned President Emmerson Mnangagwa to be seen doing something as the economic crisis seems to be escalating after he was proclaimed a...Published: 07 Oct 2018 at 08:27hrs | | by Stephen Jakes
Zimbabwe's US$800m forex reserve gap
Zimbabwe requires a foreign currency cover of US$1 billion, against current reserves of US$200 million and needs to further increase production to narrow the gap, an official has said.Ms Jesim...Published: 30 Sep 2018 at 07:23hrs | 2 | by Staff reporter
Fixing Zimbabwe doable but ‘very hard', experts say
THE job to rebuild Zimbabwe's broken economy is achievable, although it will take time and sacrifice from all stakeholders, analysts and Reserve Bank of Zimbabwe governor John Mangudya say.Thi...Published: 27 Sep 2018 at 14:05hrs | 3 | by Staff reporter
Zimra busts smuggling syndicate
THE Zimbabwe Revenue Authority (Zimra), which is deepening its battle against corruption and smuggling, seized an assortment of goods worth thousands of dollars at the Beitbridge Border Post last week...Published: 26 Jul 2018 at 07:02hrs | | by Staff reporter
Forex shortages frustrate industry revival
THE Confederation of Zimbabwe Industries (CZI) Matabeleland Chapter says foreign currency shortages facing the country continue to derail efforts to resuscitate industries in Bulawayo.Once the...Published: 14 Jun 2018 at 07:28hrs | 1 | by Staff reporter
Chamisa invades Mohadi territory
MDC Alliance president Nelson Chamisa is expected in Beitbridge today to meet supporters from the sprawling district with a population of 120 000.The two constituencies in Beitbridge, have rel...Published: 26 May 2018 at 14:38hrs | | by Staff reporter
Cross-border traders plot Diaspora protest
THE International Cross-Border Traders' Association (ICTA) has threatened to close all Zimbabwe's borders on April 16 and 17 this year to press government to allow locals based in the Diaspora to be a...Published: 02 Apr 2018 at 07:51hrs | 1 | by Staff reporter
Mangoma should mind his business
The leader of opposition party, Renewal Democrats of Zimbabwe, Elton Mangoma must concentrate on his party business and stop making false claims against President Emmerson Mnangagwa who is working ext...Published: 28 Mar 2018 at 15:12hrs | | by Peacemaker Zano
Zimbabwe economy on recovery path, claims Mnangagwa
Zimbabwe's economy is showing signs of recovery and growth owing to Government's aggressive economic reform agenda since the dawn of the new political dispensation, President Mnangagwa has said....Published: 21 Mar 2018 at 05:35hrs | 2 | by Staff reporter
'Restricted products flooding market'
THE Confederation of Zimbabwe Industries (CZI) says restricted products were still finding their way into the country illegally, making the competition unfair for the local manufacturers.CZI M...Published: 06 Mar 2018 at 05:22hrs | 3 | by Staff reporter
Zimbabwe's pricing dilemma
Zimbabwe's quest for economic competitiveness and new business is very much connected to market pricing of goods and services. Competitive prices incentivize suppliers through healthy profit margins w...Published: 23 Feb 2018 at 13:33hrs | 1 | by Victor Bhoroma
Renewed political will gives hope for economic revival
THE new political dispensation has brought with it a renewed sense of hope for a genuine national economic turnaround that is expected to better the lives of the country's citizenry with economic anal...Published: 04 Feb 2018 at 09:33hrs | 2 | by Vincent Gono
A visit to my motherland
It was on a sunny Saturday morning 23 December 2017.I was travelling from Pretoria South Africa hearding to Harare Zimbabwe. The N1 freeway was so busy with traffic as Zimbabweans were travelling back...Published: 09 Jan 2018 at 11:10hrs | 1 | by Leonard Koni
More than 20 top Bulawayo companies regaining footing
MORE than 20 top companies in Bulawayo have recorded positive growth this year as evidenced by increasing capacity utilisation, fresh investment and opening of new plants. According to the Con...Published: 29 Dec 2017 at 08:42hrs | 42 | by Staff Reporter
Mnangagwa targets economic jumpstart
PRESIDENT Emmerson Mnangagwa has described his first 10 days in office as hectic, but expressed optimism that his Cabinet team would live up to expectations and give the country's battered economy a m...Published: 05 Dec 2017 at 05:22hrs | 1 | by Staff reporter
Govt clarifies import relaxation
GOVERNMENT has clarified the easing of import controls on basic commodities saying the move does not render Statutory Instrument 64 of 2016 ineffective, but rather is a call for organisations with fre...Published: 13 Nov 2017 at 23:17hrs | | by Staff Reporter
Minister announces relaxation of import restrictions
GOVERNMENT has relaxed regulations on the importation of basic commodities into the country and has invited people and organisations with free funds to approach the Industry and Commerce ministry to o...Published: 13 Nov 2017 at 05:28hrs | | by Staff reporter
Mugabe slammed for his 'willy-nilly' use of Statutory Instruments
Opposition parties have accused President Robert Mugabe of causing more harm than good for his "willy-nilly" use of Statutory Instruments (SIs) which they claim has rendered Parliament ineffective....Published: 24 Oct 2017 at 14:24hrs | | by Staff reporter
'Mugabe's economic vandalism unpardonable'
The myriad of challenges bedevilling Zimbabwe today are essentially man-made, a senior Transform Zimbabwe (TZ) official has said.Addressing a press conference on the state of Zimbabwean econom...Published: 18 Oct 2017 at 15:02hrs | | by Staff reporter
No beer price hikes
DELTA Beverages has warned its suppliers to carefully manage their value chain and desist from the temptation to hike prices.In a memo sent out by the company's Supply Chain director Cynthia M...Published: 18 Oct 2017 at 06:20hrs | | by Staff reporter
Zimbabwe relaxes import rules
Government has reduced the number of products that require import licences as part of its ongoing efforts to improve Zimbabwe's ease of doing business while at the same time placing imports of school ...Published: 05 Oct 2017 at 06:38hrs | | by Staff reporter
Zimbabwe economic rebound, apie in the sky
ZIMBABWE'S economy continues to be in the doldrums despite the government claiming it is on the rebound, industry officials have said.Over the years, government officials have been talking abo...Published: 03 Sep 2017 at 10:33hrs | | by Staff repoprter
Reserve Bank of Zimbabwe in drive to grow forex earnings
Reserve Bank of Zimbabwe Governor Dr John Mangudya is making frantic efforts to grow Zimbabwe's foreign currency earnings across industry in a bid to address foreign currency shortages that resulted i...Published: 23 Aug 2017 at 06:27hrs | | by Staff Reporter
Revival of Bulawayo industries possible task
OVER the years a lot has been said about the deindustrialisation of the country's second largest city, Bulawayo. It has been reported that nearly 100 companies closed in Bulawayo causing the loss of m...Published: 20 Aug 2017 at 07:22hrs | | by Staff Reporter
Govt to swoop on shops selling illegal imports
GOVERNMENT will raid shops selling unlicensed imported products, as part of sophisticated measures targeting dealers fuelling the demand for contraband, to curtail smuggling and pluck leakages prejudi...Published: 10 Aug 2017 at 06:49hrs | | by Staff reporter
Zanu-PF set structures for the 2018 elections
The Zanu-PF juggernaut was officially set in motion yesterday with countrywide deployment of Politburo members to prepare ruling party structures for next year's harmonised elections. Last Wednesday, ...Published: 23 Jul 2017 at 11:40hrs | 4 | by Staff reporter
In defence of Psychology Maziwisa
Last week a discussion forum was held in Harare featuring prominent youth leaders under the theme, "Zimbabwe: The Task At Hand - A View from Young Professionals".Among the speakers were lawyer...Published: 19 Jul 2017 at 06:32hrs | 3 | by Tichaona Zindoga
Zimbabweans hogs limelight in Cape Town
Remember the Malmesbury Five? The five Zimbabwean professionals who turned an abandoned piece of land to productivity in the Western Cape in South Africa. Yes, the world cannot afford to turn a blind ...Published: 10 Jun 2017 at 16:51hrs | | by Staff reporter
'Smuggling crippling industrial viability'
POOR infrastructure along the country's borders has a crippling effect on local industry revival as it fuels smuggling, which compromises business viability, a legislator has said.Chairperson ...Published: 08 Jun 2017 at 07:08hrs | | by Staff reporter
Government gives a stern warning to smugglers
In a move that will put an end to all smuggling activities at the same time promoting By-Zimbabwe products, Minister of Industry and Trade, Dr Mike Bimha, will in the next few weeks be visiting wholes...Published: 31 May 2017 at 16:39hrs | 1 | by Prosperity Mzila
Zimbabwe's trade deficit narrows
ZIMBABWE'S trade deficit narrowed by 14,5 percent (US$98 million) to US$576 million in the first three months of the year from the same period a year earlier, as exports jumped 15,7 percent to US$724 ...Published: 28 May 2017 at 09:06hrs | | by Staff reporter
Government in import ban climb-down
Minister of Industry and Commerce Mike Bimha has made a U-turn on scrapping of Statutory Instrument (SI) 64 of 2016 and replacing it with a local content policy.On Monday, state-controlled Her...Published: 23 May 2017 at 08:08hrs | 1 | by Alice Down
Import ban on locally-available products remains
GOVERNMENT says the tenure of Statutory Instrument (SI) 64 of 2016 is dependent on a report from the Ministry of Industry and Commerce's Evaluation and Monitoring Committee which had been tasked to ex...Published: 23 May 2017 at 06:43hrs | | by Staff reporter
Government dump Statutory Instrument 64
The government is set to get rid of the controversial Statutory Instrument 64 and replace it with a "local content policy".According to Industry Minister, Mike Bimha SI64 has achieved its obje...Published: 22 May 2017 at 06:55hrs | 1 | by Alice Dube
Zimbabwe forced to scrap ban on imports
STATUTORY Instrument 64 that was promulgated last year will now be scrapped as it has achieved its objectives and targets of boosting industrial capacity utilisation, stimulating retooling and investm...Published: 20 May 2017 at 12:24hrs | 3 | by Staff reporter
Zimbabwe's imports control saves $1 billion
ZIMBABWE has reduced its import bill by $1 billion since the enactment of Statutory Instrument 64 of 2016, which restricts importation of products that are available locally, Vice President Em...Published: 27 Apr 2017 at 08:55hrs | 2 | by Staff reporter
Local Content laws coming in June
Government and the private sector will soon be compelled to purchase most of their goods and services locally under new production-stimulating regulations authorities are crafting. The Local C...Published: 23 Apr 2017 at 14:03hrs | | by Staff reporter
Cash shortages: No need to panic
THE country's economy is on the rebound due to the recovery of the productive sector backed by the expected bumper harvest and increased prices of minerals on the international market.The ...Published: 09 Apr 2017 at 08:14hrs | | by Staff reporter
Zimbabwe in $14.2 million trade surplus against SA
ZIMBABWE recorded $14.2 million trade surplus against its major trading partner, South Africa, after exporting goods worth $185.4 million to the neighbouring country in February compared to $171.2...Published: 28 Mar 2017 at 06:22hrs | 1 | by Staff reporter
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