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RBZ deputy governor says Zimbabwe banking sector is resilient, stable
Reserve Bank of Zimbabwe (RBZ) Deputy Governor, Innocent Matshe, has highlighted the continued resilience and stability of the country's banking sector, despite facing challenges such as liquidity iss...Published: 13 Dec 2024 at 09:36hrs | 81 | by Staff reporter
Zimra wants Zimbabwe churches to 'Give to Caesar what belongs to Caesar'
The Zimbabwe Revenue Authority (ZIMRA) has announced plans to hold a stakeholder engagement with churches to discuss tax compliance across various applicable categories, aiming to enhance transparency...Published: 12 Dec 2024 at 14:59hrs | 1082 | by Staff reporter
There're now two Zimbabwes: One for a small elite and the other for millions of poor Zimbabweans
Over the past few years, Zimbabwe has reportedly experienced steady economic growth. According to government statistics, GDP growth rates have shown positive movement, suggesting that the coun...Published: 13 Nov 2024 at 22:05hrs | 583 | by Tendai Ruben Mbofana
Starving Zimbabweans to feed on overpopulating elephants
In the wake of chronic food shortages and starvation necessitated by El Nino induced drought countrywide, several communities in Zimbabwe are set to benef...Published: 13 Sep 2024 at 07:09hrs | 572 | by Gideon Madzikatidze
Kariba Dam runs dry?
Zimbabwe and Zambia - already struggling with food shortages - are now reeling from low power generation at the Kariba power station due to the same underlying cause: El Niño.The climate syst...Published: 08 Mar 2024 at 05:14hrs | 6 | by Staff reporter
NSSA hunts for new CEO
THE National Social Security Authority (Nssa) has started the process of hunting for a new general manager to replace Arthur Manase, who resigned in September last year while on suspension.Man...Published: 03 Mar 2024 at 16:43hrs | | by Staff reporter
Mthuli Ncube issues chilling warning over sugar tax-linked price hikes
Finance Minister Mthuli Ncube has issued a firm warning to traders engaging in unjustified price hikes on sugary beverages, arguing that the officially gazetted tax thresholds do not warrant such exce...Published: 28 Feb 2024 at 06:31hrs | 5 | by Staff reporter
Zimbabwe suffers US$6,8 billion trade gap
ZIMBABWE has operated in negative trade deficit of US$6,8 billion for the last four years, a trend which is unsustainable in the long run according to Buy Zimbabwe, a campaign outfit that advoca...Published: 25 Feb 2024 at 07:21hrs | 3 | by Staff reporter
How is the world combating rising energy prices?
Every country is approaching higher than typical energy prices we’re all facing right now in different ways. Rather than compare one country with another and create a piece that can be out of date t...Published: 07 Feb 2024 at 12:42hrs | 16 | by Staff Reporter
Teacher exodus threatens the future of Zimbabwe's education system
KUDZAI Chideme, 42, stepped into the teaching profession after completing her diploma in marketing and failing to secure a job in the private sector. It was 2008. At the time, finding work in public e...Published: 25 Jan 2024 at 04:17hrs | | by Staff reporter
Zimra tightens screws on businesses
GOVERNMENT and the business sector are headed for a showdown after the Zimbabwe Revenue Authority (Zimra) yesterday announced a raft of tough measures limiting the formal traders' access to commoditie...Published: 04 Jan 2024 at 05:59hrs | 11 | by Staff reporter
CCC MPs sold out
THE Citizens Coalition for Change (CCC) on Thursday had a bloodrush to the head. They caused a mini commotion in the National Assembly and took with them down the people of Zimbabwe when they received...Published: 17 Dec 2023 at 18:09hrs | 1 | by Paidamoyo Muzulu
Potraz blocks US$ tariff increases
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has prohibited mobile service providers from adjusting tariffs in United States dollars (USD). Potraz, which recent...Published: 30 Oct 2023 at 05:21hrs | 1 | by Staff reporte
RBZ increases US$ reserves thresholds to 15% to encourage Zimdollar usage
The Reserve Bank of Zimbabwe's Monetary Policy Committee (MPC) has increased the US$ Statutory reserve requirement to 15%, a move that experts suggest aims to encourage the use of the ZWL (Zimbabwean ...Published: 29 Sep 2023 at 06:34hrs | 1 | by Staff reporter
Zimbabwe telcos in another staggered price review
ZIMBABWE'S main telecommunication companies are set for another price adjustment on April 1, 2023, as operator battle to offset rising operational costs.The telecoms industry will review tarif...Published: 21 Mar 2023 at 20:24hrs | 2 | by Staff reporter
US tightens screws on Zimbabwe
A representative of the United States government has indicated that President Emmerson Mnangagwa's administration should satisfy sanctions conditions in full for Washington to approve its arrears clea...Published: 04 Mar 2023 at 10:22hrs | | by Staff reporter
Nigeria election results 2023: Tinubu ahead of Atiku and Obi
Nigeria's ruling party candidate Bola Tinubu is leading in the presidential election after results were released in 14 of the country's 36 states.Mr Tinubu has won just over 44% of the tallied...Published: 28 Feb 2023 at 11:14hrs | 7 | by Staff reporter
Mnangagwa claims that Zimbabwe upholds good governance
PRESIDENT Emmerson Mnangagwa told delegates attending the Zimbabwe Second Structured Dialogue Platform Meeting that the country is upholding tenets of good governance and democracy as part of efforts ...Published: 27 Feb 2023 at 15:50hrs | 5 | by Staff reporter
'Zimbabwe gold coins a masterstroke,' claims Mnangagwa
THE introduction of gold coins by the Reserve Bank of Zimbabwe (RBZ) has been a masterstroke, as it has brought the equivalent of US$27,5 million into the formal system and helped in the economic turn...Published: 13 Feb 2023 at 05:15hrs | 1 | by Staff reporter
Reserve Bank slashes lending rates, increases forex retention
THE Reserve Bank of Zimbabwe (RBZ) has trimmed its bank policy rate to 150 percent from 200 percent per annum and increased foreign currency retention thresholds for exporters on domestic sales while ...Published: 02 Feb 2023 at 22:58hrs | 5 | by Staff Reporter
Temba Mliswa blasts parly ad hoc committee
OUTSPOKEN independent Norton legislator Temba Mliswa this week attacked the composition of the Parliament ad hoc committee analysing the preliminary delimitation exercise report cautioning on possible...Published: 20 Jan 2023 at 22:28hrs | | by Staff reporter
Mnangagwa to hand over Parly's Delimitation report to ZEC
President Mnangagwa is today expected to hand over to the Zimbabwe Electoral Commission (ZEC), a report by Parliament on the preliminary Delimitation report of electoral ward and constituency boundari...Published: 20 Jan 2023 at 06:38hrs | 1 | by Staff reporter
Chamisa's CCC blasts ZEC's delimitation report
OPPOSITION Citizens Coalition for Change (CCC) has dismissed Zimbabwe Electoral Commission's (ZEC) recently released 900 page delimitation report, insisting the constitution had not been adhered to in...Published: 11 Jan 2023 at 16:56hrs | 7 | by Staff reporter
Mutambara wants Zimbabwe to dump, rework delimitation
FORMER Deputy Prime minister in the 2009-2013 Government of National Unity (GNU), Arthur Mutambara says the Zimbabwe Electoral Commission (Zec) must redo the delimitation exercise as he dismissed the ...Published: 11 Jan 2023 at 16:54hrs | 8 | by Staff reporter
New headache for Zec
NEW headaches emerged yesterday for the Zimbabwe Electoral Commission (Zec) after former Cabinet minister Elton Mangoma added his voice to mounting criticism of the electoral body's preliminary delimi...Published: 10 Jan 2023 at 18:23hrs | 7 | by Staff reporter
Reserve Bank of Zimbabwe bullish on inflation
THE Reserve Bank of Zimbabwe (RBZ) yesterday remained bullish that month-on-month inflation will remain stable below 3% throughout next year, despite indications last week that the country will use de...Published: 06 Dec 2022 at 05:03hrs | | by Staff reporter
Reserve Bank of Zimbabwe keeps bank rate at 200%
THE Reserve Bank of Zimbabwe (RBZ) has kept its bank policy rate at 200 percent after its Monetary Policy Committee (MPC) expressed satisfaction with how the current tight monetary policy stance has h...Published: 06 Dec 2022 at 04:58hrs | 1 | by Staff reporter
ZCTU blasts Mthuli Ncube's paltry 2023 budget tax free threshold
THE Zimbabwe Congress of Trade Unions (ZCTU) says Finance Minister, Mthuli Ncube's tax free thresholds in the 2023 National Budget are a blow for the workers who will continue to carry the yoke of ove...Published: 30 Nov 2022 at 05:09hrs | | by Staff reporter
RBZ in dramatic U-turn on Fidelity privatisation
IN a dramatic policy U-turn, the Reserve Bank of Zimbabwe (RBZ) has indefinitely suspended its plans to partially privatise Fidelity Printers and Refiners (FPR) nearly two years after announcing inten...Published: 04 Nov 2022 at 05:32hrs | | by Staff reporter
Mthuli Ncube urged to present USD budget for 2023
THE Zimbabwe Coalition on Debt and Development (Zimcodd) has called on Finance minister Mthuli Ncube to present the 2023 national budget in United States dollar terms to avoid the need for a supplemen...Published: 13 Oct 2022 at 05:57hrs | | by Staff reporter
RBZ allows companies to buy up to US$100 000 weekly
THE Reserve Bank of Zimbabwe has moved to allow companies to purchase up to US$100 000 per week from local banks for purposes of undertaking bona fide payments and moved to maintain the current intere...Published: 01 Oct 2022 at 06:15hrs | | by Staff reporter
Norsad Capital signs MoU with the IDBZ to create new opportunities for Zimbabwean businesses
Recognising their common goals, the Infrastructure Development Bank of Zimbabwe (IDBZ) has joined forces with Norsad Capital, a provider of private credit to scalable businesses focused on growth. Thi...Published: 14 Sep 2022 at 14:55hrs | 7 | by Agencies
Chamisa's CCC rules out primaries for 2023 elections
CITIZENS Coalition for Change (CCC) has reportedly set strict conditions for members aspiring for council and parliamentary seats in next year's harmonised elections.The newly-formed oppositio...Published: 19 Aug 2022 at 06:50hrs | | by Staff reporter
Zimbabwe to release smaller gold coins
Smaller Zimbabwean gold coins, as small as a tenth of an ounce, are expected to go on sale in November from the Reserve Bank of Zimbabwe so ordinary people can invest in them and store value for their...Published: 12 Aug 2022 at 06:35hrs | | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 10 | by Victoria Ruzvidzo
Zimbabwe mines shut out suppliers
ZIMBABWE'S mining industry warned yesterday that domestic suppliers risked being shut out of the industry's value chain after hiking prices by 100%.The price rage involves deals in United Stat...Published: 22 Jul 2022 at 10:41hrs | 7 | by Staff reporter
Zimbabwe central bank hikes interest rates to 200%
THE Reserve Bank of Zimbabwe (RBZ) on Monday hiked interest rates from 80% to 200% in a bid to block cheaper speculative borrowing which has adverse effects on exchange rates.The developments ...Published: 27 Jun 2022 at 19:08hrs | 8 | by Staff reporter
RBZ to introduce gold coins, hikes interest rates
RESERVE Bank of Zimbabwe (RBZ) says it will be introducing gold coins as part of measures to ensure investors and the general public have alternative means to preserve value, cushioning them from the ...Published: 27 Jun 2022 at 19:05hrs | 10 | by Staff reporter
Call to review Zimbabwe tax thresholds
Government has been implored to increase the exemption threshold on payroll tax to cushion workers from current challenges such as high inflation and the contagion effects of conflict between Russia a...Published: 26 Jun 2022 at 08:09hrs | | by Staff reporter
Zimbabwe's US$3bn platinum deal all but collapses in a shambles
IT was noisily touted as a game changer for Zimbabwe's mining sector, and the economy; a centrepiece of government's ambitious yet unrealistic US$12 billion target for the industry by next year and ca...Published: 31 May 2022 at 07:38hrs | 11 | 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 | | 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 | | by Staff reporter
Chamisa: When the snake bites the charmer
Staring the abyssVery slowly but definitely quite surely, the world is drifting towards a scary nuclear abyss. The conflict in Eastern Europe now has all the makings of a major superpo...Published: 30 Apr 2022 at 16:10hrs | | by jamwanda
Potraz defends data tariff hikes
THE Postal and Telecommunications Regulatory Authority (Potraz) yesterday justified data tariff hikes by telecommunications operators saying the telcos were actually operating below profitable thresho...Published: 05 Apr 2022 at 06:47hrs | | by Staff reporter
LSU rocked by unscrupulous procurement deals
LUPANE State University (LSU) is reportedly rocked by unscrupulous procurement deals after it received 52 000 000.00 for Innovation and Industrialisation from ZIMDEF.Indications are that...Published: 25 Mar 2022 at 10:51hrs | 6 | by Stephen Jakes
'Mineral leakages bleeding Zimbabwe economy'
SOCIO-ECONOMIC watchdog, Zimbabwe Coalition on Debt and Development (Zimcodd) has called on government to curb mineral leakages and export of raw minerals to help revive the economy.In its rec...Published: 15 Mar 2022 at 05:37hrs | 1 | by Staff reporter
Cloud seeding starts as crops suffer growing moisture stress
THE Meteorological Services Department has commenced cloud-seeding in order to encourage rainfall after crops, especially late-planted crops, are showing signs of growing moisture stress due to a prol...Published: 07 Mar 2022 at 05:32hrs | | by Staff reporter
RBZ tells banks to shape up or ship out
BANKING sector experts have thrown their weight behind the Reserve Bank of Zimbabwe (RBZ)'s move to tighten screws on operators that fail to comply with new minimum capital requirements, which came in...Published: 18 Feb 2022 at 05:34hrs | | by Staff reporter
No joy from RBZ governor
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya yesterday declined to increase cash withdrawal limits to match recent price hikes, as he battled to limit cash in circulation in order to fight in...Published: 08 Feb 2022 at 05:37hrs | | by Staff reporter
SA cost of living remains unaffordable
The cost of living in South Africa keeps going up and the basics are likely to continue to be unaffordable for many despite the 4,7 percent increase in the minimum wage, according to analysts at e-com...Published: 26 Jan 2022 at 04:42hrs | 8 | by Staff reporter
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