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'Zimbabwe gold-backed currency stable' but ...

Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the parallel market.The Reserve Bank of Zimba…

Published: 18 Jun 2025 at 18:30hrs | 344 | by Staff reporter

Chiwenga visits Rtd Air Chief Marshal Moyo after accident

Retired Air Chief Marshal Elson Moyo, the former Air Force of Zimbabwe (AFZ) Commander, is in stable condition and receiving specialized care at a Harare hospital after being involved in a road accident near Chegutu. The distinguished mili…

Published: 02 Nov 2024 at 08:35hrs | 735 | by Staff reporter

Mohadi now stable after he was airlifted following a sudden collapse

Zimbabwean Vice-President Kembo Mohadi is now stable after he was airlifted following a sudden collapse at an election rally in Gutu West, Masvingo province, on Saturday.Mohadi was there to launch Zanu PF's bye-election campaign to support…

Published: 24 Oct 2023 at 13:35hrs | 5 | by Staff reporter

Zimbabwe is still 'our most stable operation' says Impala Platinum

What does the recent election change for Zimbabwe's biggest investor? Not much, says Nico Muller, the head of Zimplats holding company Implats. We've seen it all before, he suggests.In 2021, Zimplats announced a US$1.8 billion investment i…

Published: 06 Sep 2023 at 06:39hrs | 1 | by Staff reporter

'Flu bug not linked to coronavirus'

AS Zimbabwe is entering the Southern Hemisphere's colder winter months there is an increase in cases of flu but health authorities yesterday said the bug is not linked to the coronavirus.However, with the country's neighbour, South Africa …

Published: 17 May 2022 at 06:33hrs | 3 | by Staff reporter

Mutsvangwa dreams of a stable Zimdollar

Zimbabwe's economy continues to grow despite illegal sanctions imposed on the country by the West and the nation is now being rallied to support President Mnangagwa's vision of stabilising the local currency. The call was made by the Zanu-…

Published: 17 May 2022 at 06:32hrs | 10 | by Staff reporter

Prices should remain stable, says Mthuli Ncube

THE recent 50 percent salary hike for civil servants will increase purchasing power but will not result in price increases as the auctions govern the cost of foreign currency used for productive purposes and other inflationary pressures ar…

Published: 27 Jul 2021 at 07:07hrs | 2 | by Staff reporter

Zimdollar to remain stable

TWO years ago, the new Minister of Finance in Zimbabwe brought together a small group of local business persons in an informal advisory group. I was privileged to be included.Our meetings were irregular, largely driven by the Ministers nee…

Published: 29 Mar 2021 at 18:10hrs | 1 | by Eddie Cross

Black market forex rates fairly stable since January

BLACK market foreign currency exchange rates have remained fairly stable for almost two months with dealers attributing the trend to a reduction in demand.A random assessment by NewZimbabwe.com Business confirmed that the rates have not sh…

Published: 18 Feb 2019 at 07:14hrs | | by newzimbabwe

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