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'RTGS not equal to US dollars'
The Zimbabwe national Chamber of Commerce (ZNCC) has asked Finance minister Mthuli Ncube to stop in the National Budget the use of bond notes and RTGS electronic balances, officially at par with the U...Published: 3 hrs ago | 1605 | by Staff reporter
Businesses trading in US dollars to pay tax in that currency, says Zimra
In a subtle admission that Zimbabwe is using 3 currencies the USD, Bond and RTGS, Zimbabwe Revenue Authority (ZIMRA) is advising the public that businesses selling goods in USD should pay taxes in USD...Published: 18 Nov 2018 at 12:45hrs | 3703 | by Ndou Paul
Zimbabwe must adopt the rand, says Fitch Solutions
ZIMBABWE must adopt the South African Rand to deal with the worsening currency crisis caused by the shortage of United States dollars, an international research firm has said. United Kingdom-b...Published: 18 Nov 2018 at 07:46hrs | 1198 | by Staff reporter
Currency options for crisis-ridden Zimbabwe
Zimbabwe needs to introduce a hybrid foreign currency management system or create a long maturity US$ Brady type bond to preserve savings amid the currency chaos, renowned economist Ashok Chakravarti ...Published: 18 Nov 2018 at 07:45hrs | 753 | by Staff reporter
Govt acts on drug shortages
The Health and Child Care Ministry is using its foreign currency allocation from the Reserve Bank of Zimbabwe to purchase raw materials to help CAPS Holdings and Datlabs manufacture medicines locally,...Published: 18 Nov 2018 at 07:31hrs | 151 | by Staff reporter
The most treasonous act you can do for your country is to support Zanu PF
If you support Zanu, you will be helping future Zimbabwean children to become perpetual slaves of other Nations while armed thieves in Zanu exponentiate their wealth.Imagine a country where yo...Published: 17 Nov 2018 at 17:19hrs | 4059 | by Ryton Dzimiri
Opinion: Perspective . . .
SEEING things in perspective has never been more important in Zimbabwe. If we fail to do so, our view of the current problems we are encountering will be distorted and we may all make decisions we lat...Published: 17 Nov 2018 at 06:49hrs | 112 | by Eddie Cross
'Mnangagwa crackdown on money changers futile'
The crackdown on black market currency trading to curb a parallel market blamed for the spike in prices is not enough to address the problem, economists said yesterday.This comes as there has ...Published: 16 Nov 2018 at 12:31hrs | 6529 | by Staff reporter
US dollar taxes loom
Businesses charging goods and services in foreign currency should start paying taxes, particularly value added tax (VAT) in hard currency, according to Zimbabwe Revenue Authority (Zimra) Commissioner ...Published: 16 Nov 2018 at 07:03hrs | 8730 | by Staff reporter
Bulawayo City Council wants to charge in forex
THE Bulawayo City Council has formulated a policy designed to raise foreign currency through giving a 50 percent discount to individuals who pay bills in United States dollars after service providers ...Published: 16 Nov 2018 at 05:35hrs | 1723 | by Staff reporter
Mwonzora prepared for the worst
Abridged comments by MDC Secretary General Douglas Mwonzora on Thursday morning about the Motlanthe Commission of Inquiry and comments made by security chiefs:There are certain statements that...Published: 15 Nov 2018 at 18:04hrs | 5652 | by zimlive
Zimbabweans demand more after Mugabe coup
As the country marks exactly a year since the military rose up against former president Robert Mugabe by way of a popular coup, long-suffering Zimbabweans say they want President Emmerson Mnangagwa an...Published: 15 Nov 2018 at 13:04hrs | 1653 | by Staff reporter
MDC's full statement on August 1 killings and the economy
1) Introduction The Movement for Democratic Change has been following political and economic events in the country. Among other ills, we note with concern the unpalatable suffering of the mass...Published: 15 Nov 2018 at 12:52hrs | 2104 | by MDC
A year after Mugabe, hopes for a new Zimbabwe still low
A year since a trio of army generals held former Zimbabwean President Robert Mugabe under house arrest as part of a 10-day military operation that enabled his protege, Emmerson Mnangagwa, to take powe...Published: 15 Nov 2018 at 09:19hrs | 942 | by Aljazeera
Government calls rogue pharmacies to order
GOVERNMENT has directed pharmacies to stop demanding foreign currency from patients for drugs which are now available locally through NatPharm. In an interview at the close of the 67th East, C...Published: 15 Nov 2018 at 05:35hrs | 985 | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 3049 | by newZwire with The Source
Mnangagwa's govt and Zimbabwe banks should carry own cross
If there is anything that we could learn from the global economic crisis of 2008, it is that excessive risk-taking, manipulation and poor hedging often result in huge enterprise and economic losses. T...Published: 14 Nov 2018 at 09:39hrs | 2455 | by Equity Axis
Industrial action against Mthuli Ncube looming
Air Zimbabwe has been allowed by the cabinet of President ED Mnangagwa to charge its clients (especially diasporas) in foreign currency. The confused minister in charge of Air Zimbabwe Joel Biggie Mat...Published: 13 Nov 2018 at 11:50hrs | 3414 | by Don Chigumba
Plea to exempt cotton farmers from 2% tax
THE Cotton Company of Zimbabwe (Cottco) has proposed that cotton farmers be exempted from the 2% tax on electronic transactions as well as from the 10% withholding tax to help them build capacity....Published: 13 Nov 2018 at 06:01hrs | 151 | by staff reporter
Beer price back to normal
Beer price which had more than doubled over the past weeks has normalised, while charges for other beverages have also significantly come down.A pint of beer had shot up to $5 owing to panic b...Published: 12 Nov 2018 at 18:19hrs | 5327 | by Staff reporter
1 year after Mugabe fall, Zimbabwe asks 'What has changed?'
One year ago the unthinkable happened in Zimbabwe: Robert Mugabe fell from power.Tanks rolled in the streets of the capital, Harare, on November 14, 2017, and the military put Mugabe under hou...Published: 12 Nov 2018 at 14:25hrs | 1953 | by AP
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 990 | by Eddie Cross
'Diasporans should pay for Air Zimbabwe services in US$'
CABINET has resolved that Zimbabweans living in the diaspora should pay for Air Zimbabwe services in United States dollars, Transport and Infrastructural Development minister Joel Biggie Matiza has sa...Published: 12 Nov 2018 at 05:37hrs | 1369 | by Staff reporter
'Bond notes have been a success'
RESERVE Bank of Zimbabwe governor John Mangudya had a torrid time at the pre-budget seminar for legislators in Bulawayo last week when he was grilled over currency problems bedevilling the country....Published: 11 Nov 2018 at 12:26hrs | 2082 | by Staff reporter
Questions Mthuli Ncube won't answer
With the economy in a tailspin, Finance minister Mthuli Ncube's role has become ever so important, but instead of being accessible, he has shied away from the media.In the past few weeks, his ...Published: 11 Nov 2018 at 12:10hrs | 1033 | by Staff reporter
Schools in USD fees U-turn
A number of private schools that were contemplating charging their fees in foreign currencies are now backtracking on the idea which could have pushed away some of their learners.In the wake o...Published: 10 Nov 2018 at 16:46hrs | 4915 | by Staff reporter
Zimbabwe pharmacies condemn the ill to death
THE country's sick have been condemned to death in the country by pharmacies that remain defiant and demand foreign currency payments for drugs. Just watching the events at pharmacies unfold as the da...Published: 10 Nov 2018 at 10:39hrs | 454 | by Andile Tshuma
Reality check for Mthuli Ncube
Under-pressure Finance minister Mthuli Ncube faces a tough task in balancing policy measures that stabilise the economy and populist demands from the ruling party when he presents his much-awaited N...Published: 09 Nov 2018 at 17:18hrs | 4369 | by Staff reporter
Mangudya lost his cool under pressure from legislators
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budget seminar in Bulawayo who took him to ta...Published: 09 Nov 2018 at 16:41hrs | 5056 | by Staff reporter
'Rushed currency reform could harm Zimbabwe economy'
Rushing to implement currency reforms without sufficient stocks of foreign currency to back up the transition would have serious adverse effects on Zimbabwe's economy, which would cause suffering of c...Published: 09 Nov 2018 at 06:22hrs | 3552 | by Staff reporter
RBZ boss refuses to scrap bond notes
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday defended the use of bond notes saying the real cause of problems facing the economy was not the surrogate currency but ballooning ele...Published: 09 Nov 2018 at 05:02hrs | 5761 | by Staff reporter
New farm wages announced
The National Employment Council (Agriculture) comprising the social parties that is , ZAEO, ZCFU,CFU, ZFU and Agro employer representatives on the employers side have agreed on wages of Agro sector ef...Published: 08 Nov 2018 at 08:17hrs | 4924 | by Mandla Ndlovu
Small-scale miners push gold output to top 30 tonnes in 10 months
ZIMBABWE'S gold production topped 30 tonnes for the 10 months to October, with 34 tonnes expected in the full year, anchored by small-scale miners.The previous high was 27,1 tonnes produced in...Published: 08 Nov 2018 at 05:43hrs | 365 | by Staff reporter
Mnangagwa's panicky govt meets teachers
Following threats by teachers to down tools on Friday to press for improved working conditions, government has now reached out to the country's educators in a bid to iron out differences.The D...Published: 07 Nov 2018 at 11:01hrs | 5381 | by Staff reporter
Mthuli Ncube to present 2019 budget on November 22
FINANCE minister Mthuli Ncube has said he will present his maiden budget statement on November 22, in what will be a litmus test of how he will address Zimbabwe's economic crisis.Shortages of ...Published: 07 Nov 2018 at 06:07hrs | 961 | by Staff reporter
Mnangagwa's pronouncement on Mthuli Tax a welcome relief
President Emmerson Mnangagwa's recent announcement that he will review the two cents per dollar transaction tax is a welcome relief to long-suffering Zimbabweans.The new tax regime introduced ...Published: 06 Nov 2018 at 11:49hrs | 12594 | by Staff reporter
Boarding schools face early closure
Most boarding schools in the country are at the verge of shutting down early due to food shortages amid current price hikes.This comes after price hikes disarmed the buying power that many sch...Published: 06 Nov 2018 at 11:39hrs | 3565 | by Staff reporter
Zimbabwe charging foreigners in USD
Government has resorted to charging United States dollars for the payment for all goods and services paid by foreigners at selected Zimbabwe's Parks & Wildlife Management Authority (ZimParks) recr...Published: 06 Nov 2018 at 07:29hrs | 1528 | by Staff reporter
Banks must stop disbursing forex
If there is no leakage of forex from official institutions then the obvious source of forex on the black market are people in the diaspora who send home US dollars through Mukuru, Western Union, Money...Published: 06 Nov 2018 at 05:27hrs | 1774 | by Goto
Govt warns schools demanding forex
Government has issued a stern warning to schools after it emerged that some were demanding tuition fees in United States dollars. Some top private schools have already sent out circulars to pa...Published: 06 Nov 2018 at 05:20hrs | 565 | by Staff reporter
Kasukuwere and Chombo will not be convicted, this is why?
You often hear about politicians facing public corruption charges in the news. Public corruption refers to any time of instance in which a government official abuses their position of power or public ...Published: 05 Nov 2018 at 20:12hrs | 7832 | by Dr Masimba Mavaza
Shoot-out robbers arrested
A gang of suspected armed robbers, who exchanged gun shots with police detectives in Waterfalls on Thursday last week, will appear in court today.The notorious gang was arrested after a shooto...Published: 05 Nov 2018 at 16:58hrs | 3118 | by Staff reporter
Teachers to stage street protests in Harare
TEACHERS are this week planning industrial action and street demonstrations to express their dissatisfaction with President Mnangagwa's government which they see as unresponsive to their affairs....Published: 05 Nov 2018 at 06:05hrs | 3902 | by newzimbabwe
Mugabe's wealth exposed
Robert Mugabe has always been a well-kept secret with no one knowing exactly how much the Mugabes are worth. The only snippets has been the $1.35m diamond ring bought for Grace's wedding anniver...Published: 04 Nov 2018 at 14:46hrs | 45060 | by Mandla Ndlovu
Where is Zimbabwe's cash going?
Zimbabwe is currently going through serious shortages of literally everything from bottled water to bread.Queues have become a common feature across the country as Zimbabweans struggle to purc...Published: 04 Nov 2018 at 09:15hrs | 2023 | by Crecey Kuyedzwa - Fin24
16 students fall pregnant at same school in 10 months
A secondary school in Chirumanzu district in Midlands province has been hit by a spate of student pregnancies, recording a staggering 16 pregnancies in the past 10 months.National Aids Council...Published: 04 Nov 2018 at 08:58hrs | 1782 | by Staff reporter
'Mnangagwa will not survive economic meltdown,' says Chamisa
Movement For Democratic Change (MDC) Alliance president Nelson Chamisa has labelled the two percent tax on every electronically-transacted dollar an unabashed robbery of the masses.The Ministr...Published: 03 Nov 2018 at 16:11hrs | 9125 | by Staff reporter
Sex vendors reject bond note, demand forex
In reaction to the biting economic crises characterised by an inflationary bond note, sex workers in the town have now resorted to foreign currency and basic commodities as forms of payment for their ...Published: 03 Nov 2018 at 16:08hrs | 3436 | by Staff reporter
Adopt the Rand to stabilise the economy
The lifting of SI 122 made this writer to revisit a debate that made headlines in the post- election period in Zimbabwe. This was premised on whether Zimbabwe should join the Rand monetary community o...Published: 03 Nov 2018 at 13:06hrs | 6054 | by Brightface Mutema
Mnangagwa privately admits economic woes
PRESIDENT Emmerson Mnangagwa this week acknowledged to business leaders that the country's economy was in distress and in dire need of immediate rescue, amid rising inflationary pressures and currency...Published: 03 Nov 2018 at 12:59hrs | 3993 | by Staff reporter
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