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Whites score big against blacks - land compensation
Land is and was at the centre of all political developments for the indigenous black Zimbabwean population's pre and post independence movements. The liberation war against white minority rule's black...Published: 19 hrs ago | 2119 | by Terence Simbi
Structural reforms crucial for turnaround
ZIMBABWE's economy has for long been dogged by multiple man-created obstacles, confining it in the abyss it has been struggling to get out of for decades.Once these obstacles are removed econo...Published: 23 Apr 2019 at 08:22hrs | 317 | by Editorial - Daily News
Strive Masiyiwa's maths on Rand pricing is wrong
A lot of publications have run with this story already but I couldn't find the original Facebook post. Strive Masiyiwa posts extensively and engages quite much on his page so I spent an hour trying to...Published: 22 Apr 2019 at 11:08hrs | 4544 | by Tinashe Nyahasha
Hailstorm kills one, displaces families
A hailstorm ravaged parts of Hurungwe onthe eve of Independence Day killing one farmer after a tobacco barn collapsed on him.The violent storm left a trail of destruction while at least 23 fam...Published: 21 Apr 2019 at 08:57hrs | 601 | by Staff reporter
Serial rapist arrested
Police have arrested a 36-year-old man in the Southerton industrial area of Harare in connection with a spate of rape and robbery cases which occurred between November 2018 and April 2019 targeting wo...Published: 21 Apr 2019 at 08:56hrs | 846 | by Staff reporter
RTGS$ plunges
Zimbabwe is nearing the much dreaded economic horrors of 2008 punctuated by hyperinflation, widespread shortages of foreign currency and fuel coupled with a spike in prices of everything, including st...Published: 21 Apr 2019 at 08:55hrs | 5739 | by Staff reporter
A look into Zimbabwe's tanking economy
The country's largest gold producer is on the brink of collapse because of government's warped foreign currency retention policy; the cost of bread has gone up, more than three times in hardly a month...Published: 21 Apr 2019 at 08:50hrs | 581 | by Staff reporter
Holiday accidents kill 16
At least 16 people died in road traffic accidents since Independence Day, while 96 were left injured, police have said.A total of 192 road accidents occurred on Independence Day and Good Frida...Published: 21 Apr 2019 at 08:11hrs | 114 | by Staff reporter
Zimbabwe trade deficit drops by 90%
ZIMBABWE'S trade deficit dropped by 90% to $22,1 million in February this year with analysts attributing the decline to foreign currency shortages.Figures released by the Zimbabwe Statistics A...Published: 19 Apr 2019 at 07:26hrs | 303 | by Staff reporter
FULL TEXT: President Mnangagwa's full Independence speech
President Emmerson Mnangagwa today delivered his first Independent speech at the national Sports Stadium. In the speech Mnangagwa paid tribute to the victims of Cyclone Idai both from Zimbabwe...Published: 18 Apr 2019 at 20:41hrs | 3521 | by Mandla Ndlovu
RTGS$ to stabilise, gain value, insists Mthuli Ncube
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has expressed confidence that the RTGS dollar will stabilise and gain value beyond the prevailing market volatility as Government for...Published: 17 Apr 2019 at 07:02hrs | 3292 | by Staff reporter
Tobacco income down 76%
TOBACCO sales have generated $19,4 million in the first 17 days of the marketing season this year compared to $81 million realised over the same period last year, statistics from the industry regulato...Published: 15 Apr 2019 at 06:49hrs | 1157 | by Staff reporter
MDC against IMF's support for Zimbabwe
The proposed IMF Staff Monitored Program is an entry point for full support of the regime and it ignores the factors arresting the Zimbabwean economy. Zimbabwe has had a stolen election; ...Published: 13 Apr 2019 at 15:56hrs | 1512 | by Jacob Mafume
Is it now conducive to introduce new currency in Zimbabwe?
FOR many years now, ever since Zimbabwe realised that it was pointless to keep propping up its useless hyperinflation-ravaged Zimbabwe dollar, the rallying call from government has been that the count...Published: 13 Apr 2019 at 13:13hrs | 810 | by Staff reporter
Mnangagwa fumes
PRESIDENT Emmerson Mnangagwa yesterday warned retailers and companies against "unjustified" price increases which he said had brought untold suffering to ordinary Zimbabweans.Incidentally, as ...Published: 12 Apr 2019 at 08:24hrs | 13365 | by Staff reporter
'Exports, investor confidence to jumpstart forex inflows'
The Reserve Bank of Zimbabwe (RBZ) says the country's forex situation will improve as the year progresses on the back of increased confidence and growing exports.RBZ deputy director for econom...Published: 12 Apr 2019 at 06:42hrs | 180 | by Staff reporter
The dynamics of smuggling in Zimbabwe
Catch me if you can, is a phrase that may describe the goings on at Zimbabwe's ports of entry as the Treasury continues to lose millions of dollars in revenue due to smuggling and other criminal activ...Published: 11 Apr 2019 at 16:39hrs | 1738 | by Staff reporter
Tobacco smuggling war escalates
A turf war in the cigarettes manufacturing industry is deepening amid accusations and counter-accusations among the three biggest manufacturers over who is behind the movement of contraband across the...Published: 11 Apr 2019 at 07:50hrs | 1550 | by Staff reporter
When nature fights back
Zimbabweans are in deep mourning, the nation is bereaved, hundreds of lives were lost with others missing and injured. Cyclone Idai was apocalyptic in every dimension, where there was livestock ...Published: 10 Apr 2019 at 19:25hrs | 301 | by Thomas Murisa
Mthuli Ncube's RTGS $ under siege
ZIMBABWE's local currency, the RTGS dollar, has shed more than 20 percent of its value since its introduction as the availability of foreign currency on the formal market remains subdued.By Fr...Published: 07 Apr 2019 at 12:43hrs | 2042 | by Staff reporter
'IPSOS poll exaggerates 'illicit cigarette' market share'
Following the publication of an Ipsos survey on the "illegal cigarette market" and related issues, which was carried by various South African publications, an impression was given that British A...Published: 05 Apr 2019 at 16:18hrs | 195 | by Lekan Ayo-Yusuf
The global and technological effect
An extract from a book titled 'The next Zimbabwe'The twenty first century has brought about the idea of globalization were interconnectivity is the new...Published: 05 Apr 2019 at 11:26hrs | 359 | by Terence Simbi
Zimbabwe must tackle structural problems, fiscal dilemmas
AFTER showing signs of revival during the inclusive government era between 2009 and 2013, Zimbabwe's economy has been on a tailspin since the 2013 elections. Government has struggled to restore econom...Published: 05 Apr 2019 at 10:00hrs | 316 | by Staff reporter
RTGS$ introduction inflicts further pensioner prejudice
MANY pensioners now being paid in Real-Time Gross Settlement (RTGS) dollars against their will have reported a drastic reduction in the purchasing power of their pensions.The RTGS$ is a new na...Published: 05 Apr 2019 at 09:58hrs | 1062 | by Martin Tarusenga
Zimbabwe tobacco sales plummet 85%
Zimbabwe's tobacco sales have plunged 85% with deliveries reaching only 1,6 million kg in the first 10 days of trade compared to the 10,9 million kg sold last year, statistics from the industry regula...Published: 05 Apr 2019 at 07:14hrs | 1331 | by Staff reporter
Export incentives - Good Call on managing the trade deficit
The Reserve Bank of Zimbabwe (RBZ) introduced the Export Incentive Policy in September 2016 at 5% of Gross Export Receipts in order to improve production of minerals and tobacco. The policy was widene...Published: 01 Apr 2019 at 09:28hrs | 779 | by Victor Bhoroma
Cyclone Idai aid looters to face the music
Government will decisively deal with irresponsible individuals who abuse or distribute aid along partisan lines, Vice President Dr Constantino Chiwenga has said.The Vice President said this ye...Published: 30 Mar 2019 at 22:43hrs | 520 | by Staff reporter
Reserve Bank of Zimbabwe betrays tobacco farmers
Tobacco sales floors were officially opened but farmers are frustrated and angry with the demeanour of the government. The Reserve Bank of Zimbabwe prior to the opening of the floors promised th...Published: 30 Mar 2019 at 18:04hrs | 1894 | by Matora Hupile
Mthui Ncube admits to RTGS$ devaluation
FINANCE minister Mthuli Ncube yesterday told the Senate that the official exchange rate will soon match parallel market levels and hopefully destroy completely the black market after the RTGS dollar's...Published: 30 Mar 2019 at 17:42hrs | 521 | by Staff reporter
NetOne dumps Dembare
THERE was a time when the domestic Premier Soccer League almost choked to death because of lack of funding but things are beginning to turn for the better. Corporates are warming up to the dom...Published: 30 Mar 2019 at 17:35hrs | 186 | by Staff reporter
Govt, Zimra authorities in standoff over 2% tax
A standoff - which disrupted the start of the tobacco marketing season last week - has erupted between the Finance Ministry and the Zimbabwe Revenue Authority (Zimra) over the operationalisation of th...Published: 29 Mar 2019 at 12:07hrs | 1594 | by Staff reporter
Zimbabwe tobacco farmers hold firm to their crop
Tobacco farmers have continued to hold on to their crop amid reports that they have only delivered less than 10% of the golden leaf in the first five days of trading this year, citing poor prices and ...Published: 28 Mar 2019 at 07:48hrs | 1615 | by Staff reporter
'US$45m traded on the interbank forex market over past 3 weeks'
THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says US$45 million has been traded over the past three weeks of the interbank forex market, a 25% increase in the average weekly trades compar...Published: 28 Mar 2019 at 07:24hrs | 965 | by Staff reporter
School promotes online forex trading
FOREX Trading School Africa will next month launch a nationwide competition to inculcate online foreign currency trading culture in the country and uplift the living standards of the citizens. ...Published: 27 Mar 2019 at 06:54hrs | 423 | by Staff reporter
'RTGS$ a failed fraud' Tendai Biti says
Former Finance Minister Tendai Biti says the recently introduced RTGS$ currency has failed to maintain a steady exchange rate thereby affecting people's savings. "The RTGS$ is a failed fraud. ...Published: 26 Mar 2019 at 06:56hrs | 6013 | by Mandla Ndlovu
Mthuli Ncube scraps 2% tax on tobacco floors activities, normalcy returns
Activities at the country's Tobacco Auction Floors are expected to improve this week following the scrapping of the 2 percent electronic transfer tax on all activities being done at the country's toba...Published: 25 Mar 2019 at 22:50hrs | 2672 | by Staff reporter
Ncube, Shiri summoned over tobacco auction ruckus
PARLIAMENT has summoned Finance and Agriculture ministers to come and clear the air on why government has gone back on promises to pay tobacco farmers 50% of their earnings in United States dollars....Published: 25 Mar 2019 at 07:03hrs | 1484 | by newzimbabwe.com
Zimbabwe banks must support the interbank trading
THE interbank market, revived by the Reserve Bank of Zimbabwe (RBZ) recently, has gotten off to a slow start because the majority - if not all the banks - are still in the process of putting their sys...Published: 24 Mar 2019 at 14:11hrs | 522 | by Andrew Lampard
It never rains but pours; to 38 years bad governance add drought, Idai and now savage power cuts
"ELECTRICITY power generation at Lake Kariba has been cut due to falling water levels in the dam," reported Bulawayo24.com "In a statement, the Zambezi River Authority said water allocation fo...Published: 22 Mar 2019 at 08:00hrs | 1767 | by Nomusa Garikai
Tobacco sales proceeds are not for harlots
Now that the tobacco selling season has been opened, some urban yellow-bone thigh vendors are buying bigger wallets and fine tuning their 'horizontal wrestling' skills in order to wrench a dollar or t...Published: 21 Mar 2019 at 19:06hrs | 245 | by Thomas Murisa
Zimbabwe currency reforms open can of worms
While the RBZ's new monetary policies have significantly eased the country's currency problems, the much-needed reforms have also brought with them a number of unintended consequences for business- in...Published: 21 Mar 2019 at 07:54hrs | 4735 | by Staff reporter
Buyers bring in $1 billion to buy golden leaf
International tobacco buyers have mobilized US$1 billion to buy the country's golden leaf crop this year, a move expected to boost foreign currency inflows in the country. The 2019 tobacco mar...Published: 21 Mar 2019 at 07:53hrs | 1190 | by Staff reporter
Mohadi opens tobacco selling season
The 2019 tobacco marketing season has been officially opened by Vice President Kembo Mohadi who called for the industry to respect and reward the efforts being made by farmers to produce the lucrative...Published: 20 Mar 2019 at 15:01hrs | 454 | by Staff reporter
'Interbank market won't be manipulated'
Mechanisms have been put in place to ensure that the foreign currency interbank market will not be manipulated, Finance and Economic Development Minister Professor Mthuli Ncube has said. This ...Published: 19 Mar 2019 at 06:25hrs | 337 | by Staff reporter
We cannot blame Nelson Chamisa without blaming all of us
We are under sanctions from the United States, the European Union and other Western outposts like Australia, New Zealand and Canada, and the ruin of the sanctions is without doubt. Our industr...Published: 18 Mar 2019 at 06:40hrs | 2556 | by Reason Wafawarova
Zimbabwe struggles despite huge forex inflows
ZIMBABWE is doing fairly well in terms of foreign currency earnings compared to countries such as Rwanda and Ethiopia yet the country is struggling to meet its forex obligations, a situation which has...Published: 17 Mar 2019 at 08:56hrs | 2979 | by Staff reporter
Mangudya forecasts RTGS$ equilibrium with US dollar
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya forecasts an exchange rate equilibrium between the Real-Time Gross Settlement (RTGS) dollar and the United States dollar on the inter-bank trading...Published: 15 Mar 2019 at 17:17hrs | 6698 | by Staff reporter
Trees are life let's plant them
Noone can downplay the importance of trees to both humanity and wildlife, from timber, cattle pens, firewood to fruits and the medicinal roots used by the village 'sangoma'. Trees are life let...Published: 14 Mar 2019 at 19:26hrs | 85 | by Thomas Murisa
Zimbabwe trade registers $44,2m deficit
ZIMBABWE'S trade opened the year in the negative, registering a $44,2 million deficit in January, latest data from the statistics agency has shown.Figures released by the Zimbabwe Statistics A...Published: 14 Mar 2019 at 05:28hrs | 1154 | by Staff Reporter
Wadyajena torments ex-minister Chinamasa's wife
PARLIAMENT'S Lands Committee chair Justice Wadyajena Tuesday gave former Finance Minister Patrick Chinamasa's wife and her Tobacco Industry and Marketing Board (TIMB) colleagues a good tongue-lashing ...Published: 13 Mar 2019 at 07:12hrs | 3894 | by newzimbabwe.com
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