Zimdollar plunges into death spiral

ZIMBABWE's currency is in a death spiral and headed for a tragic end, two years after it was re-introduced into circulation, stoking fears of the 2008 hyperinflationary era where the government was fo...

Zimbabwe in austerity-induced recession

"OUTPUT in Zimbabwe is expected to contract in 2019 with a sharp rise in inflation reducing real incomes and foreign exchange shortages constraining activity," the World Bank reports in its Global Eco...

Zimbabwe ranks lowly on investment

ZIMBABWE attracted US$470 million in foreign direct investment (FDI) in 2018, making it one of the least attractive investment destinations in the Southern African Development Community.This c...

Mnangagwa's command policies spark off market turmoil

GOVERNMENT'S commandist strategy to contain currency volatility and the rising tide of price increases ravaging Zimbabwe are likely to worsen an economic crisis that has persisted for decades while da...

Prices of basic commodities stabilise

The current drop in basic commodity prices was influenced by a marginal decrease of fuel prices but more has to be done to address the deep-seated currency problems in the country, sector representati...

Govt to arrest cash shortages, says Mnangagwa

PRESIDENT Emmerson Mnangagwa has promised to arrest the ongoing cash shortages which have seen most citizens relying on the parallel market to get hard cash.The President said this on Friday i...

Mugabe's govt presses panic button

Feeling the heat of the country's worsening economic crisis, the government has pressed the panic button — threatening a savage clampdown on the media and pro-democracy groups in its desperate bid t...

Govt at odds over rand adoption

President Robert Mugabe's administration is at odds over proposed currency reforms, with divergent views emerging about adopting the South African rand as Zimbabwe's anchor currency.Fiscal and...