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Zimbabwe crisis: What you need to know
Zimbabwe's anti-government protest strike has entered day three with streets, particularly in Harare, said to be deserted.Here is what you need to know....Published: 15 hrs ago | 7162 | by Staff reporter
Mphoko's trial postponed
THE trial of former Vice President Phelekezela Mphoko's daughter-in-law, Nomagugu Mphoko, who is facing charges of extortion, has been postponed to January 21. Nomagugu (36) allegedly ordered ...Published: 15 Jan 2019 at 07:12hrs | 157 | by Staff reporter
Zimbabwe now has the world's highest petrol price
Police clashed with protesters in the Zimbabwean capital as the main labor-union confederation began a three-day national strike after the government more than doubled fuel prices to the highest in th...Published: 14 Jan 2019 at 22:26hrs | 721 | by Bloomberg
+13 people injured during Zimbabwe fuel rise protests
Police fired teargas as angry protesters barricaded roads with burning tyres and rocks in Zimbabwe on Monday, after the government more than doubled the price of fuel over the weekend.At least...Published: 14 Jan 2019 at 22:06hrs | 599 | by AFP
Mthuli Ncube opens up on fuel price increase
The Minister of Finance Mthuli Ncube has announced that Government has decided to provide relief through refund of excise duty on fuel consumed by registered businesses in manufacturing,mining, agricu...Published: 14 Jan 2019 at 08:16hrs | 5366 | by Mandla Ndlovu
'Zimbabwe can't afford South African Rand'
Zimbabwe will not adopt the South African Rand as it does not have adequate resources to do so, Finance and Economic Development Minister Professor Mthuli Ncube has said.Addressing youth at a ...Published: 13 Jan 2019 at 23:53hrs | 8747 | by Staff reporter
Zimbabwe facing foreign currency shortages, not fuel, says Mnangagwa
News Editor Gift Phiri sits down for a wide-ranging interview with President Emmerson Mnangagwa's spokesperson George Charamba about the stuttering economy and what government is doing to address the ...Published: 13 Jan 2019 at 22:28hrs | 787 | by Staff reporter
Mnangagwa warns businesses against price increases
Fuel prices more than doubled at midnight on Sunday following a shock announcement by President Emmerson Mnangagwa.A litre of petrol is now $3,31, up from $1,38 while diesel is now selling for...Published: 13 Jan 2019 at 08:33hrs | 1149 | by ZimLive
MDC-T statement on fuel increase and labour crisis
CONSIDERING the challenges that our nation is facing, the press conference by the President of Zimbabwe Emmerson Mnangagwa last night, showed the world how our current government is detached from real...Published: 13 Jan 2019 at 08:33hrs | 1576 | by Linda Tsungirirai Masarira
RBZ readies to deliver monetary policy
RESERVE Bank of Zimbabwe Governor Dr John Mangudya is, before the end of this month, expected to present his monetary policy statement with market watchers expecting him to at least dwell on the curre...Published: 13 Jan 2019 at 07:47hrs | 1572 | by Staff reporter
Forex dealer nabbed, appears in court
A 24-YEAR-OLD Marondera man, who was nabbed by police while selling foreign currency on the black market, has been arraigned before the courts.James Mukaro of Cherutombo suburb pleaded not gui...Published: 12 Jan 2019 at 17:24hrs | 1076 | by Staff reporter
Mujuru sued over a botched deal
THE High Court has granted an application by a Harare couple to amend summons in a case in which it is suing National People's Party (NPP) leader Joice Mujuru and her company, Ruzirun Investments, ove...Published: 12 Jan 2019 at 17:21hrs | 373 | by Staff reporter
RBZ Director back in court
The suspended Reserve Bank of Zimbabwe director who appeared in court last year facing abuse of office was yesterday back in court for routine remand.Mirirai Chiremba yesterday appeared before...Published: 11 Jan 2019 at 18:58hrs | 1225 | by Staff reporter
Mnangagwa under massive pressure
PRESIDENT Emmerson Mnangagwa's administration faces a mammoth task to steady the ship and deliver the goods as pressure mounts from all angles amid massive economic, social and political turbulence wh...Published: 11 Jan 2019 at 10:03hrs | 5251 | by Staff reporter
Delta on the brink
DELTA Corporation says it faced the gloomy prospect of halting all its business operations this month owing to a crippling foreign currency shortage that has paralysed the economy.To cushion i...Published: 11 Jan 2019 at 10:02hrs | 3565 | by Staff reporter
From Great Zimbabwe to Zimbabwe Ruins with Emmerson Dambudzo Mnangagwa
With great good hope Zimbabweans of all polical affiliation, race, colour and creed poured-out onto the streets, led by Emmerson Dambudzo Mnangagwa, to tell Mugabe of The Enough of the journey from Th...Published: 10 Jan 2019 at 12:33hrs | 1840 | by Reginald Thabani Gola.
Dembare in deep $250,000 trouble
The 2019 Castle Lager Premier Soccer League season is set to start on a bad note for the country's biggest football club, Dynamos, after a local financial institution petitioned the High Court seeking...Published: 10 Jan 2019 at 07:53hrs | 415 | by Staff reporter
Chitungwiza terminates parking contract
Chitungwiza Municipality recently terminated its contract with Parkrite Africa owned by Clyna Trading, a private company responsible for the parking management system in the town, due to a number of i...Published: 10 Jan 2019 at 07:44hrs | 105 | by Staff reporter
Sanctions must go: Zimbabwe's 2019 clarion call
On 21 December 2001 as the sun was directly overhead of the Tropic of Capricorn in the Southern Hemisphere during the December Solstice, President George W Bush of the United States of America sealed ...Published: 09 Jan 2019 at 13:36hrs | 1128 | by Elijah Chihota
Fuel price goes down
Fuel prices have slightly gone down despite persistent shortages being experienced throughout the country.Diesel was previously $1,34 per litre and is now at $1,25 while petrol which was $1,38...Published: 09 Jan 2019 at 12:56hrs | 2113 | by Staff reporter
US$ is not at par with bond note, period!
Government's continued insistence that its surrogate bond note currency and real time gross settlement (RTGS) bank balances have the same value with the United States dollar is unfathomable.It...Published: 09 Jan 2019 at 11:36hrs | 1657 | by Editorial - newsday
Zimbabwe's currency conundrum
ZIMBABWE'S ongoing currency crisis can be best described as a conundrum. Not only is it problematic, but it is also confusing and complex.On the one hand, you have an evident devaluation of lo...Published: 09 Jan 2019 at 11:34hrs | 1448 | by Staff reporter
The crisis in world leadership
We all have very short memories. Looking back over the 20th Century, we can see how a global conflict like the First World War can break out over what seems like a tiny, inconsequential incident in Au...Published: 08 Jan 2019 at 09:26hrs | 1080 | by Eddie Cross
Home-sick Zimbabweans want Mnangagwa to fix the economy
ZIMBABWEANS forced out of the country by the current economic turmoil have pleaded with President Emmerson Mnangagwa's government to urgently address the economic and political mess back home so that ...Published: 07 Jan 2019 at 08:48hrs | 885 | by Staff reporter
Zimbabwe duped $3,5 billion
Government has been prejudiced in excess of $3,5 billion by company directors who shut-down their firms in order to avoid payment of taxes only to re-establish themselves under different trading names...Published: 06 Jan 2019 at 17:59hrs | 7357 | by Staff reporter
Valueless bond notes the source of Zimbabwe's problems, say analysts
GOVERNMENT'S promise to avail foreign currency to the country's largest beverages manufacturer, Delta Corporation, to avoid forex pricing is not sustainable, analysts have said.Delta last Wedn...Published: 06 Jan 2019 at 10:13hrs | 1240 | by Staff reporter
CZI is right: Dollarisation is bad for Zimbabwe
It is not a secret that I am not a fan of the current government's economic policies and choices.I especially find it reprehensible that they continue to avoid solving the prevailing currency ...Published: 05 Jan 2019 at 17:13hrs | 488 | by Garikai Dzoma
ZANU PF Youths talk tough...threaten ministers
The ZANU PF Youth League National Executive Management Committee met for its 2019 Strategic Planning Workshop at Manna Resort Safari Lodge in Harare on the 04th of January 2019. As part of their...Published: 04 Jan 2019 at 18:57hrs | 3476 | by Mandla Ndlovu
Zimbabwe's muscle-conomics: The Case of Delta and Civil Servants
In a joint press release on January 3 by the central bank and Delta Corporation, whose arm is the country's biggest beverages maker, backtracked on its decision to sell its products in hard currency. ...Published: 04 Jan 2019 at 13:40hrs | 4937 | by Robert Sigauke, Political Commentator, Cape Town
Strive Masiyiwa's Econet stranglehold challenged as shareholder tussle breaks out
AFTER years of brutal hyperinflation, Zimbabwe became known as a place where cash was almost worthless. Now, investors are fighting over EcoCash, the country's homegrown PayPal-like service that has z...Published: 03 Jan 2019 at 09:32hrs | 5139 | by Gabriele Steinhauser I The Wall Street Journal
Mnangagwa's Minister to meet Delta over US dollar prices
DELTA Corporation yesterday said it would start selling all its products in foreign currency with effect from tomorrow, a decision described by the Government as unacceptable and illegal. Anal...Published: 03 Jan 2019 at 09:11hrs | 1924 | by Staff reporter
It's time to just re-dollarise the Zimbabwe economy
THE recent announcement by one of country's stock market leaders, Delta Beverages, that it will be selling its products in United States dollars starting tomorrow should be a wake-up call to governmen...Published: 03 Jan 2019 at 09:08hrs | 981 | by Editorial - newsday
Motlanthe proposed GNU will NOT 'move Zimbabwe forward' - stop trading bronze for gold
"PRESIDENT Emmerson Mnangagwa is in a catch-22 situation over whether to implement recommendations of the Motlanthe commission of inquiry into the August 1 post-election violence, which urged him to e...Published: 02 Jan 2019 at 15:34hrs | 5920 | by Patrick Guramatunhu
Mnangagwa's ministers fail 2018 ratings
As Zimbabweans waved goodbye to 2018 yesterday, and awaited with much trepidation the dawn of the new year, in the light of the country's deepening economic woes, the Daily News - as per its rich annu...Published: 02 Jan 2019 at 14:20hrs | 1159 | by Staff reporter
Consumer Protection Bill gazetted
Government has gazetted the Consumer Protection Bill which seeks to protect consumers of goods and services against unnecessary price increases by businesses.The Bill, now cited as the Zimbabw...Published: 02 Jan 2019 at 14:05hrs | 427 | by Staff reporter
Strive Masiyiwa's Econet accused of murder?
Rutendo Matinyarare who resides in South Africa has been making a lot of videos on Facebook, Twitter and YouTube talking about many different things.Econet decided to respond though when Matin...Published: 01 Jan 2019 at 17:00hrs | 16327 | by social media
Zera investigates 'Queen B' and other fuel dealers
ZIMBABWE Energy Regulatory Authority (Zera) says it is carrying out investigations in collaboration with the police on fuel dealers accused of pushing the product to the black market, where it is then...Published: 01 Jan 2019 at 11:27hrs | 1843 | by Staff reporter
Chamisa's messy takeover and other 2018 highlights
AFTER nearly 40 years of former guerrilla leader Robert Mugabe's rule, 2018 opened with the successor he did not want, President Emmerson Mnangagwa, consolidating his rule and embarking on a global ch...Published: 31 Dec 2018 at 18:04hrs | 241 | by Staff reporter
Re-dollarisation of economy: Wrong turn for Zimbabwe
There is an effervescence in the economy – an imperceptible but definite shift towards re- dollarisation of the economy.Initially a trickle, this will soon turn into a mighty tide in one dir...Published: 30 Dec 2018 at 10:06hrs | 1582 | by Joseph Mverecha
CZI lobbies for partial free FX rate
The Confederation of Zimbabwe Industries, the country's biggest industry representative group, is lobbying the Reserve Bank of Zimbabwe to consider partially floating the exchange rate in order to min...Published: 30 Dec 2018 at 09:32hrs | 256 | by Staff reporter
Zanu-PF youth leader targets Chamisa
With a few days to go into the new year, the omens don't look good politically in 2019, following the Zanu-PF youth league's ominous threats this week against the country's opposition forces, the Dail...Published: 29 Dec 2018 at 18:35hrs | 1042 | by Staff reporter
Bulawayo leads in forex dealers arrests
The Zimbabwe Republic Police has arrested 478 illegal foreign currency dealers as the clampdown on currency trading continues to intensify.Chief police spokesperson Senior Assistant Commission...Published: 28 Dec 2018 at 22:19hrs | 1170 | by Staff reporter
Chamisa ramps up Mnangagwa pressure
HARARE - Opposition leader Nelson Chamisa is ratcheting up the pressure on President Emmerson Mnangagwa in a bid to energise the frustratingly slow tempo of the much-talked about national dialogue mea...Published: 27 Dec 2018 at 19:19hrs | 10327 | by Staff Reporter
Zimbabweans celebrate Christmas
The 25th of December marks Christmas Day, an important day on the Christian calendar set aside to remember the birth of Jesus Christ.Bishop Chad Gandiya of the Anglican Church highlighted the ...Published: 25 Dec 2018 at 15:29hrs | 1754 | by Staff Reporter
Zimra to up surveillance on businesses
ZIMBABWE Revenue Authority (Zimra) says it will embolden its surveillance on companies and closely monitor businesses trading in forex in order to compel them to pay taxes in foreign currency....Published: 24 Dec 2018 at 19:25hrs | 277 | by Staff reporter
Filling stations warned against fuel hoarding
Government has instituted random checks on fuel stations across the country as it moves to curb hoarding. Energy and Power Development Minister Dr Joram Gumbo said in an interview that the pol...Published: 24 Dec 2018 at 19:14hrs | 126 | by Staff reporter
2018: When hope turned into despair
After beginning the year with a flurry of investment deals, which the government at some point claimed were worth $17 billion, Zimbabweans started to believe that an economic turnaround was on the hor...Published: 23 Dec 2018 at 09:17hrs | 182 | by Everson Mushava
Namibia mulls end to 25-year rand peg
Namibia is growing tired of the economic pain caused by the volatile rand and is considering ending a 25-year-old peg to the SA currency.The government in Windhoek is weighing options to amend...Published: 23 Dec 2018 at 08:59hrs | 1394 | by Staf reporter
Indian firm to set up $40 million textile plant in Bulawayo
ONE of India's biggest and international acclaimed textile firms Shreejikrupa Spinners is considering investing over $40 million towards setting up a plant in Bulawayo soon.Industry and Commer...Published: 23 Dec 2018 at 08:46hrs | 549 | by Staff reporter
Vandalism costs TelOne
DIVERSIFIED telecommunications firm, TelOne, has lost over US$3 million in the 10 months to October this year due to vandalism of network infrastructure.Of the US$3 million, US$2, 2 million wa...Published: 23 Dec 2018 at 08:42hrs | 96 | by Staff reporter
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