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A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 12 hrs ago | 1600 | by newZwire with The Source
Illegal forex traders desert their usual selling points
The hordes of illegal foreign currency traders who had made the streets of Harare their home are increasingly becoming a rare sight, as President Emmerson Mnangagwa's abatement measures take effect....Published: 13 hrs ago | 3333 | by Staff reporter
A 'Operation restore citizen-power' only path to Zimbabwe's prosperity
As Zimbabwe commemorates last year's military intervention that led to the removal of long-time president Robert Gabriel Mugabe, and replaced by his then recently expelled deputy Emmerson Dambudzo Mna...Published: 18 hrs ago | 898 | by Tendai Ruben Mbofana
Mnangagwa finally breaks free of Mugabe shodow
After 56 years of working under Mugabe, ED finally breaks free from the ambits of his master and successfully established himself in one year. November has become a month which will be r...Published: 20 hrs ago | 10294 | by Dr Masimba Mavaza
MP charged with insulting Mnangagwa, release on $200 bail
BINGA South legislator Gabbuza Joel Gabuza (MDC Alliance) has appeared before a Hwange magistrate charged with undermining the authority of, or insulting, President Emmerson Mnangagwa after he alleged...Published: 21 hrs ago | 132 | by Staff reporter
Fake brown bread on the market
Some unscrupulous bakers are reportedly colouring white flour brown in making bread as a substitute to using brown flour, NewsDay reported.The difference between colouring white flour brown an...Published: 21 hrs ago | 1343 | by Staff reporter
Zimbabwe inflation hits the 20.8% mark, RBZ targets 7%
Zimbabwe's annual inflation rose sharply to a record 20.8 percent in October after it gained 15.46 percentage points from the September rate of 5.39 percent. The Consumer Price Index (CPI) for...Published: 13 Nov 2018 at 16:03hrs | 1465 | by Staff reporter
Ncube needs consistency
Finance minister Mthuli Ncube will present his maiden National Budget next week Thursday against a background of huge economic challenges and public expectation that he is the man to help Zimbabwe out...Published: 13 Nov 2018 at 11:28hrs | 2084 | by Staff reporter
'Zimbabwe soldiers did not kill civilians on 1 August'
The Zimbabwe Defence Forces did not kill any civilian during an operation aimed at restoring order in Harare's central business district following violent demonstrations that resulted in the death of ...Published: 13 Nov 2018 at 06:06hrs | 1792 | by Staff reporter
'Allow community to benefit from diamonds'
MANICALAND Provincial Affairs minister Ellen Gwaradzimba has alleged looting of diamonds by previous miners at Chiadzwa diamond fields and challenged the Zimbabwe Consolidated Diamond Company (ZCDC), ...Published: 13 Nov 2018 at 06:05hrs | 168 | by Staff reporter
Miners to retain 55% export earnings
THE Reserve Bank of Zimbabwe (RBZ) has agreed to increase large scale miners' retention of foreign currency from mineral exports to 55 percent to allow them to cover production costs. Recently...Published: 13 Nov 2018 at 05:52hrs | 293 | by Staff reporter
Mthuli Ncube trims monthly fiscal budget deficit
TREASURY has scored excellent progress in trimming monthly fiscal budget deficit as part of Government's economic reform agenda with September 2018 deficit reduced to $19 million against a target of $...Published: 13 Nov 2018 at 05:50hrs | 782 | by Staff reporter
1 year after Mugabe fall, Zimbabwe asks 'What has changed?'
One year ago the unthinkable happened in Zimbabwe: Robert Mugabe fell from power.Tanks rolled in the streets of the capital, Harare, on November 14, 2017, and the military put Mugabe under hou...Published: 12 Nov 2018 at 14:25hrs | 1927 | by AP
Zimbabwe's economic recovery is possible but whilst the country remains a pariah state, it is IMPOSSIBLE!
"AfDB President, Akinwumi Adesina, told journalists in Johannesburg this week that while Zimbabwe is making progress, its economy and relations with lenders are still a way from being repaired," repor...Published: 12 Nov 2018 at 06:46hrs | 1136 | by Nomusa Garikai
Bulawayo runs out of water treatment chemicals
BULAWAYO City Council (BCC) has run out of water treatment chemicals amid indications the local authority may be forced to stop the purification of the precious liquid unless foreign currency to procu...Published: 12 Nov 2018 at 05:44hrs | 747 | by Staff reporter
'Children suffering more than incarcerated mothers'
CHILDREN accompanying their incarcerated mothers in the country's prisons are reportedly suffering more than the offenders because of the harsh prison conditions in the archaic buildings that were con...Published: 12 Nov 2018 at 05:43hrs | 234 | by Staff reporter
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 989 | by Eddie Cross
Schweppes hikes Mazoe Orange Crush retail price
SCHWEPPES Zimbabwe Limited has increased the retail price for its Mazoe Orange Crush to $4 from $3,20 for a two-litre bottle citing rising costs of key imported ingredients. In view of the per...Published: 12 Nov 2018 at 05:29hrs | 1918 | by Staff reporter
Enough fuel for festive season, says Minister
ENERGY and Power Development Minister Dr Joram Gumbo has assured the nation of enough fuel supplies during the forthcoming festive season. In an interview on the sidelines of the just ended 20...Published: 12 Nov 2018 at 05:28hrs | 179 | by Staff reporter
New law on illegal currency trading welcome
WE welcome President Emmerson Mnangagwa's decision to use temporary powers for a new law that will see illegal currency traders being sentenced to up to 10 years in jail, while ill-gotten wealth will ...Published: 12 Nov 2018 at 05:23hrs | 2282 | by Staff reporter
'You all miss Mugabe after your-PFee'
My People,I perfectly understand the fact that all of you are feeling guilty about your premature celebrations following the military ouster of Gushungo around this time last year.In f...Published: 11 Nov 2018 at 13:36hrs | 3044 | by Dr Stop It
'Bond notes have been a success'
RESERVE Bank of Zimbabwe governor John Mangudya had a torrid time at the pre-budget seminar for legislators in Bulawayo last week when he was grilled over currency problems bedevilling the country....Published: 11 Nov 2018 at 12:26hrs | 2005 | by Staff reporter
Forex shortages cripple cooking oil maker
Surface Wilmar, the country's largest cooking oil manufacturer, says it owes its external suppliers US$22 million because of acute foreign currency shortages locally.The revelations were made ...Published: 11 Nov 2018 at 12:24hrs | 562 | by Staff reporter
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | 1120 | by Bloomberg
Mnangaga ready to deal with Chamisa and his followers
Government has drawn a line in the sand following threats by the main MDC party to roll out a series of protests in order to get President Emmerson Mnangagwa's administration to end a full-blown econo...Published: 10 Nov 2018 at 16:49hrs | 15178 | by Staff reporter
Schools in USD fees U-turn
A number of private schools that were contemplating charging their fees in foreign currencies are now backtracking on the idea which could have pushed away some of their learners.In the wake o...Published: 10 Nov 2018 at 16:46hrs | 4897 | by Staff reporter
Zimra puts cap on imported goods
THE Zimbabwe Revenue Authority (Zimra) has set the maximum quantities of good cross-border travellers can import for personal use that can be covered under the traveller's rebate.Travellers re...Published: 10 Nov 2018 at 11:06hrs | 1193 | by Staff reporter
Zimbabwe pharmacies condemn the ill to death
THE country's sick have been condemned to death in the country by pharmacies that remain defiant and demand foreign currency payments for drugs. Just watching the events at pharmacies unfold as the da...Published: 10 Nov 2018 at 10:39hrs | 451 | by Andile Tshuma
'MDC want to unseat elected ED' - who elected him, even ZEC failed to verify its own result
President Mnangagwa rigged the 30 July 2018 elections cocksure his "Zimbabwe is open for business!" clarion call would deliver economic recover. Sadly, that has no happened, the flood of investors has...Published: 09 Nov 2018 at 19:43hrs | 4369 | by Nomusa Garikai
Reality check for Mthuli Ncube
Under-pressure Finance minister Mthuli Ncube faces a tough task in balancing policy measures that stabilise the economy and populist demands from the ruling party when he presents his much-awaited N...Published: 09 Nov 2018 at 17:18hrs | 4300 | by Staff reporter
Who's who in Zimbabwe’s cutthroat fuel sector
SIX major oil-importing entities, including the Indigenous Petroleum Association of Zimbabwe (Ipaz), Zuva Petroleum, Puma Energy, Total Zimbabwe, Petrotrade (Pvt) Ltd and Engen Petroleum Zimbawe, are...Published: 09 Nov 2018 at 18:06hrs | 5871 | by Staff reporter
Zimbabweans should shun MDC demonstrations
At a moment when the economy is facing temporary economic challenges, the opposition has decided to politicise the situation, blaming Government for failing to redress these challenges. It has...Published: 09 Nov 2018 at 09:53hrs | 3500 | by Anesu Pedzisayi
Schweppes anticipate continued gaps in production due to forex shortages
Schweppes Holdings Africa Limited (SHAL) is the holding company for Schweppes Zimbabwe Limited (SZL) whose core business is manufacturing, sales and distribution of beverages under license from The Co...Published: 09 Nov 2018 at 09:00hrs | 1775 | by Schweppes
Delta Corporation post $57 million profit in the interim period
DELTA Corporation Limited posted a profit of $57,2 million in the six month period ended September 30, from the $32,3 million recorded last year due to a firm consumer demand. Revenue grew by 37% to $...Published: 09 Nov 2018 at 05:09hrs | 258 | by Staff reporter
RBZ boss refuses to scrap bond notes
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday defended the use of bond notes saying the real cause of problems facing the economy was not the surrogate currency but ballooning ele...Published: 09 Nov 2018 at 05:02hrs | 5744 | by Staff reporter
Banks fear hyperinflation return in plea for Zimbabwe reforms
Zimbabwean banks urged the government to introduce wide-ranging reforms amid signs the country is facing an economic crisis reminiscent of a hyper-inflationary spiral a decade ago.Finance Mini...Published: 08 Nov 2018 at 19:13hrs | 4039 | by Bloomberg
Zimbabwe to cut farm sizes
THE government has started a land audit to cut farm sizes, flush out multiple farm owners and correct some of the mistakes from its chaotic land reform programme.The effort is an attempt by th...Published: 08 Nov 2018 at 19:11hrs | 3982 | by Business Live
Zimbabwe passport backlog hits 166,500
Over 166,500 Zimbabweans are waiting for the issuance of their passports which are now overdue, the Registrar General revealed on Wednesday.The newly-appointed Registrar General Clement Masang...Published: 08 Nov 2018 at 17:08hrs | 2176 | by zimlive.com
Small-scale miners push gold output to top 30 tonnes in 10 months
ZIMBABWE'S gold production topped 30 tonnes for the 10 months to October, with 34 tonnes expected in the full year, anchored by small-scale miners.The previous high was 27,1 tonnes produced in...Published: 08 Nov 2018 at 05:43hrs | 355 | by Staff reporter
Forex shortages hinder start-up
In 2006, Bike and Boat Bar (BBB), a Bulawayo company, started manufacturing motor cycles, a first for the country and the region. Soon after, however, the economy tanked as hyperinflation rendered the...Published: 08 Nov 2018 at 05:37hrs | 764 | by Staff reporter
IMF team arrives in Zimbabwe for consultations
An International Monetary Fund (IMF) team arrived in the country yesterday for the annual Article IV consultations - with discussions likely to focus on the country's monetary and fiscal policies, sta...Published: 08 Nov 2018 at 05:27hrs | 872 | by Staff reporter
One year after Zimbabwe soft coup
When Zimbabwe's army took power in a bloodless coup exactly one year ago, it promised to bring happiness back by ending social and economic suffering.The military said the coup was needed to "...Published: 07 Nov 2018 at 15:03hrs | 2118 | by Tendai Kamhungira
Zimbabwe fuel supplies back to normal
Petrol supplies have returned to normalcy at most service stations, while diesel is still in short supply.Zimbabwe was rocked by fuel shortages soon after Finance minister Mthuli Ncube announc...Published: 07 Nov 2018 at 11:03hrs | 2314 | by Staff reporter
'I am taking Zimbabwe to Canaan,' said ED - rigged elections and dragged us into hell-on-earth
"PRESIDENT Emmerson Mnangagwa has rewarded one of the biggest indigenous churches, the Zion Christian Church (ZCC), with a tractor and other agricultural inputs for overwhelmingly voting for him and h...Published: 07 Nov 2018 at 07:14hrs | 4872 | by Patrick Guramatunhu
Mthuli Ncube to present 2019 budget on November 22
FINANCE minister Mthuli Ncube has said he will present his maiden budget statement on November 22, in what will be a litmus test of how he will address Zimbabwe's economic crisis.Shortages of ...Published: 07 Nov 2018 at 06:07hrs | 921 | by Staff reporter
Civil servants demand US$ salaries
CIVIL servants have demanded salaries in United States dollars following the price increases and rejection of the bond note and electronic transfers by some shop owners and service providers. ...Published: 07 Nov 2018 at 05:53hrs | 1797 | by Staff reporter
Let's engage as the youths
ELECTIONS have come and gone and remarkably Zimbabwean youths participated in large numbers to shape their future, something we, as the Zanu-PF Youth League, believe is testimony to the fact that we a...Published: 07 Nov 2018 at 05:46hrs | 311 | by Pupurai Togarepi
Mnangagwa puts Mutsvangwa to the sword
Deputy Chief Secretary to the President and Cabinet responsible for presidential communications George Charamba (GC) says President Emmerson Mnangagwa's former special advisor, Chris Mutsvangwa, shoul...Published: 06 Nov 2018 at 18:38hrs | 15683 | by Staff reporter
'Sanitary wear beyond reach of young girls'
Women organisations have bemoaned the high price of sanitary wear suggesting that they should be availed to women and young girls for free.This comes as the country has been characterised by p...Published: 06 Nov 2018 at 11:41hrs | 288 | by Staff reporter
Boarding schools face early closure
Most boarding schools in the country are at the verge of shutting down early due to food shortages amid current price hikes.This comes after price hikes disarmed the buying power that many sch...Published: 06 Nov 2018 at 11:39hrs | 3563 | by Staff reporter
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