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Chiwenga's Indonesia visit sends shivers
REVELATIONS Vice-President Constantino Chiwenga, currently in Indonesia, will hold talks with an arms manufacturing company to buy military hardware for Zimbabwe have sent shivers down the spine of th...Published: 4 hrs ago | 700 | by Staff reporter
Mnangagwa's govt throws industry under the bus
THE decision by the government to open up importation of basic commodities by citizens together with a six month suspension of duty on various products will have a damaging impact on the revival of th...Published: 4 hrs ago | 97 | by Staff reporter
Fuel prices up, again after govt pledged to lower the pump price
FUEL prices have gone up, hardly a week after government pledged to lower the pump price after increasing ethanol blending from E10 to E20.The Zimbabwe Energy Regulatory Authority (Zera) said ...Published: 4 hrs ago | 106 | by Staff reporter
Zimbabwe: Class IN itself versus Class FOR itself
US goose versus NED ganderTHERE is always more to write about than there is space to publish. Last week I had to drop two key matters, to allow myself to address in extenso what I sought to ra...Published: 5 hrs ago | 17 | by Staff reporter
Import licences on seven grocery items removed
The government has removed import licences for seven commodities as more measures to contain prices and increase product availability continue to be unveiled.The new measures, which were revea...Published: 6 hrs ago | 745 | by Staff Reporter
Zimbabwe govt reduces fuel prices
Mandatory blending of ethanol in unleaded petrol has been increased from 10 percent to 20 percent at the end of this month to reduce fuel price increases on the global market and give a relief to ...Published: 18 May 2022 at 18:45hrs | 577 | by Staff reporter
Govt raises mandatory fuel blending to E20
GOVERNMENT yesterday announced mandatory blending of fuel with ethanol, increasing it from E-10 to E-20, a move which could set it on a collision course with motorists.This was announced at a ...Published: 18 May 2022 at 06:22hrs | 752 | by Staff reporter
Ethanol blending up increased to 20% to kill injectors
Mandatory blending of ethanol in unleaded petrol has been increased from 10 percent to 20 percent at the end of this month to reduce fuel price increases on the global market and give a relief to ...Published: 18 May 2022 at 06:18hrs | 460 | by Staff reporter
Zimbabwe a pariah state that can't even be trusted by fellow African countries!
Can African countries genuinely trust the rogue Zimbabwe regime?In fact, should African nations be so foolhardy and naive as to place their trust in a proven pariah state as Zimbabwe?W...Published: 17 May 2022 at 16:41hrs | 1041 | by Tendai Ruben Mbofana
African Mining Sector Set for Strong Growth in 2022
Johannesburg - 16 May 2022 - With mining companies currently enjoying high prices, exceptional production performance and robust supply chains, the mining team from Stanbic Bank's parent company, Stan...Published: 16 May 2022 at 11:52hrs | 392 | by Mark Buncombe, Head of Mining and Metals at Standard Bank Group
'The Reserve Bank 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: 15 May 2022 at 06:12hrs | 304 | by Staff reporter
Banks: If gold rusts, what will iron do?
Native Commissioner Oates, I presume!LORD Jonathan Oates' ambition is becoming a latter-day colonial Native Commissioner.Too late chum, both by age and history! Still both don't deter ...Published: 14 May 2022 at 06:22hrs | 887 | by @Jamwanda2 on Saturday
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 391 | by Staff reporter
Chamisa blames Mnangagwa
PRESIDENT Emmerson Mnangagwa is being haunted by the 2018 legitimacy crisis that has seen the economy imploding and plunging the country into chaos, opposition Citizens' Coalition for Change leader Ne...Published: 13 May 2022 at 19:11hrs | 364 | by Staff reporter
Zimdollar worries industry
THE Confederation of Zimbabwe Industries (CZI) is having sleepless nights over an overvalued Zimbabwean dollar (Zimdollar), which is now undermining the scope for maximising structural efficiency and ...Published: 13 May 2022 at 19:09hrs | 170 | by Staff reporter
Economic crisis: Hallmark of Mnangagwa's dismal failure
PRESIDENT Emmerson Mnangagwa made a desperate appeal to Zanu-PF youths as he asked his supporters to unmask those "sabotaging the economy", saying the debilitating economic malaise was artificial and ...Published: 13 May 2022 at 19:08hrs | 88 | by Taurai Mangudhla
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 110 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 1121 | by Staff Reporter
SADC tackles xenophobia in SA
SADC has engaged the South African government to ensure the protection of African citizens domiciled in that country against xenophobic attacks.After paying a courtesy call on President Mnanga...Published: 12 May 2022 at 06:27hrs | 528 | by Staff reporter
Professor Ncube says lending ban to prick the bubble
The ban on bank lending announced by President Mnangagwa at the weekend to ward off attacks on the Zimbabwe dollar, stabilise the exchange rate and rein in on rising inflation, is only a temporary mea...Published: 12 May 2022 at 06:27hrs | 375 | by Staff reporter
Mmusi Maimane vows to go and campaign for change in Harare
ONE South Africa Movement leader Mmusi Maimane says he will go to Zimbabwe to support democratic movements that are opposed to the current regime.Maimane has received criticism on social media...Published: 11 May 2022 at 19:10hrs | 1393 | by Staff reporter
RBZ extends loan ban to individuals, corporates
THE Reserve Bank of Zimbabwe (RBZ) has extended the suspension of lending of both local and foreign currency units by an array of financial institutions to also cover corporates and individuals....Published: 11 May 2022 at 09:10hrs | 684 | by Staff reporter
Zimbabwe faces implosion
ZIMBABWE is facing an implosion due to myriad challenges and senators have warned that protests may be the order of the day going forward as long as there is no solution to the economic crisis prevail...Published: 10 May 2022 at 17:29hrs | 3405 | by Staff reporter
Zambia acting as a strategic hub for US military operation in the region
Investigations have revealed how President Hakainde Hichilema was forced to agree to set up the controversial AFRICOM office in Lusaka by the Brenthurst Foundation.Highly placed diplomatic sou...Published: 10 May 2022 at 08:45hrs | 2780 | by Staff reporter
Govt moves to compensate depositors
MILLIONS of taxpayers' money will be channelled into reimbursing depositors whose United States dollar bank balances were wiped out in 2019 when the Zimbabwe dollar was reintroduced.Finance mi...Published: 10 May 2022 at 07:46hrs | 1196 | by Staff reporter
Zimbabwe power crisis worsens
STRUGGLING national power utility Zesa Holdings has extended a plea for help to big miners by constituting a group called the Energy Intensive Users Group (EIUG) to provide off-take guarantees in hard...Published: 06 May 2022 at 19:28hrs | 442 | by Staff reporter
US-Zambia military pact rattles Zimbabwe
THE establishment of a specialised United States security office in Zambia has unsettled authorities in Zimbabwe following heated debate across the political divide on the possible intentions of the A...Published: 06 May 2022 at 19:27hrs | 997 | by Staff reporter
Mnangagwa claims sabotage
PRESIDENT Emmerson Mnangagwa yesterday appealed to the youth to expose businesses "sabotaging the economy" saying the prevailing economic crisis was being engineered to topple him.Speaking at ...Published: 06 May 2022 at 06:56hrs | 5308 | by Staff reporter
Zanu-PF sets conditions for Chamisa talks
Zanu-PF yesterday set conditions for talks with opposition Citizens Coalition for Change (CCC) leader Nelson Chamisa, saying he must first publicly distance himself from British politicians.Ad...Published: 04 May 2022 at 07:06hrs | 11146 | by Staff reporter
Chamisa blasts compromised minister
LOCAL Government minister July Moyo's interference in the governance of local authorities has infuriated Citizens' Coalition for Change (CCC) leader Nelson Chamisa who has called the Zanu-PF politburo...Published: 03 May 2022 at 16:04hrs | 3144 | by Staff reporter
'Zimbabwe has $28 billion reserve money' Mnangagwa says
Zimbabwe has ZWL28 billion in reserve money, President Emmerson Mnangagwa has said. The President made the revelations through an OP-ED that was published in the state-owned Sunday Mail yesterday. ...Published: 02 May 2022 at 10:06hrs | 4011 | by Mandla Ndlovu
Zec seeks to gag social media
THE Zimbabwe Electoral Commission (Zec) wants Twitter and Facebook to pull down "damaging posts" about its handling of elections.The election management body also wants Parliament to regulate ...Published: 02 May 2022 at 08:04hrs | 373 | by Staff reporter
Zimbabwe trade unions at each other's throat
THE Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu) has filed an urgent chamber application at the High Court challenging the Zimbabwe Federation of Trade Union (ZFTU)'s planned May 1 conf...Published: 02 May 2022 at 08:04hrs | 440 | by Staff reporter
No return to horrors of 2008, says Mnangagwa
PRESIDENT Mnangagwa has warned economic saboteurs involved in illicit financial dealings to stop forthwith as they were reversing the wins gained so far in trying to grow the economy.President...Published: 01 May 2022 at 11:13hrs | 259 | by Staff reporter
Improve workers' welfare, Mnangagwa says
Employees' wages, salaries and welfare should be improved in line with the growing economy, while Government is doing all in its power to protect workers' rights and cushion them from challenges arisi...Published: 01 May 2022 at 11:08hrs | 67 | by Staff reporter
Zimbabwe govt desperate for Western bailout
Zimbabwe has taken its begging bowl to the international community as it desperately seeks financial sponsors to help pay off nearly US$2.5 billion in external arrears owed to the World Bank and the A...Published: 30 Apr 2022 at 16:25hrs | 1062 | by Staff reporter
Chamisa tells Mnangagwa to throw away the Zimdollar
OPPOSITION Citizens Coalition for Change (CCC) leader Nelson Chamisa yesterday told President Emmerson Mnangagwa to throw away the Zimbabwe dollar as a matter of urgency."Stop the auction syst...Published: 30 Apr 2022 at 16:25hrs | 801 | by Staff reporter
Mnangagwa warns economic saboteurs
INDUSTRIES should not purport to support the Government during the day and turn into economic saboteurs by the night through unjustifiable practices that negatively affect the people, President Mnanga...Published: 30 Apr 2022 at 16:08hrs | 68 | by Staff reporter
Chamisa advises government on solving economic crisis
CCC President Nelson has called upon government to abolish the auction system and go for full dollarization in order to stop multiple pricing and bring stability in the market. In a Twitter th...Published: 29 Apr 2022 at 08:46hrs | 4837 | by Mandla Ndlovu
'Zimbabwe won't rush to mono-currency regime'
THE Reserve Bank of Zimbabwe (RBZ) has given assurances that there will be no rushed exclusive adoption of either the Zimbabwe dollar or US dollar currency regime.This was revealed by the Conf...Published: 28 Apr 2022 at 08:55hrs | 182 | by Staff reporter
Zimbabweans won't flee South Africa to return home
"WHEN you see a rat running into a fire, then you know that what it is running away from is hotter than the fire." - African proverb. Zimbabweans, who are in their millions in South Africa - som...Published: 27 Apr 2022 at 13:41hrs | 1505 | by Staff reporter
Zimbabwe must abandon use of US$ immediately
ECONOMIST Eddie Cross, believes the best way to stabilise the prices of basic goods in the country and spur development is to end the use of the United States dollar in the economy. Speaking on 3Ktv p...Published: 27 Apr 2022 at 12:57hrs | 767 | by Staff reporter
Chamisa's CCC refuses to go for Congress
OPPOSITION Citizens Coalition for Change (CCC) yesterday said it would not be stampeded into holding an early elective congress by some Zanu-PF elements and exiled G40 members it claims harbour sinist...Published: 27 Apr 2022 at 12:56hrs | 590 | by Staff reporter
John Mangudya and CZI kiss and make up
In its position paper on the sensitive issue leaked to the media on Friday, CZI called on the Reserve Bank of Zimbabwe (RBZ) to suspend the foreign currency auction system after the Zimdollar fell to ...Published: 27 Apr 2022 at 11:39hrs | 820 | by Mandla Ndlovu
Please tell me the president is also paid in Zim dollars!
As a truly patriotic Zimbabwean - who earnestly cares about this country's development and fellow citizens' welfare and wellbeing - I make every effort in...Published: 26 Apr 2022 at 20:33hrs | 2329 | by Tendai Ruben Mbofana
'I have little sympathy for South Africans' Eddie Cross says
Leading economist and former Bulawayo South Member of Parliament Eddie Cross says hedoes not feel sorry for South Africans who are crying foreigners taking their jobs because they were not there when ...Published: 26 Apr 2022 at 16:10hrs | 5424 | by Mandla Ndlovu
Zimbabwean drivers fear being targeted by a xenophobic groups in SA
"I prayed for them to let me live because some who found themselves in similar circumstances, were reported dead," says Richard Mudhara, a Zimbabwean truck driver working in Johannesburg.He wa...Published: 26 Apr 2022 at 08:35hrs | 492 | by Staff reporter
CZI hits back at Mangundya over Zimdollar crisis
THE Confederation of Zimbabwe Industries (CZI) has hit back at Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's suggestion that their position on the crumbling local currency was misinformed....Published: 25 Apr 2022 at 09:18hrs | 1426 | by Staff reporter
Zimdollar use no longer viable
ZIMBABWE'S largest business group has warned that the economy faces collapse if the government insists on foisting the rapidly weakening local currency on the market when it is obvious that it is no l...Published: 25 Apr 2022 at 09:04hrs | 1724 | by Staff reporter
RBZ initiates think tank to assess banking products
THE Reserve Bank of Zimbabwe (RBZ) has created a think tank to examine new banking products and innovations prior to their launch, to assess their viability.The revelation came a day after the...Published: 25 Apr 2022 at 09:01hrs | 268 | by Staff reporter
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