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'No quick fix to Zimbabwe currency crisis'
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya says the currency crisis in the country may drag for three to five years, roughly estimating the time it could take to correct the economic and fi...Published: 2 mins ago | 3 | by Staff reporter
'Strong US$ bad for Zimbabwe,' says Mthuli Ncube
ZIMBABWE is building blocks towards a credible economic transformation programme that will anchor a return of the local currency and counter the negative effects of using a strong United States dollar...Published: 25 Sep 2018 at 00:13hrs | 8208 | by Staff reporter
Zimbabwe's currency options
IT goes without saying that pursuant to the adoption of the multi-currency system in Zimbabwe in January 2009 until about 2015, one could withdraw up to US$5 000 from an automated teller machine. Over...Published: 24 Sep 2018 at 07:28hrs | 8348 | by Colls Ndlovu, Economist
Mthuli Ncube wants 'fiscal shock'
Newly-appointed Finance minister Mthuli Ncube would like to employ a "big bang" economic reform programme to the battered economy where unemployment is running above 80%, but recognises politics will ...Published: 23 Sep 2018 at 08:58hrs | 937 | by Staff reporter
Exchange rate of US Dollar passes 100%
MDC Alliance official Discent Collins Bajila has claimed that the rate of exchange of US$ to Bank transfer in Zimbabwe has reached +100%.He said this means that if one have US$100 hard cash an...Published: 21 Sep 2018 at 07:06hrs | 6740 | by Stephen Jakes
Zimbabweans want US or Zim dollar only, not SA Rand
THE majority of Zimbabweans would be happy to adopt the United States dollar or the Zimbabwe dollar as only currency and are adverse to the use of bond notes, according to a recent public opinion surv...Published: 21 Sep 2018 at 06:52hrs | 3005 | by Staff reporter
Currency reform answer to Zimbabwe's economic woes
THE success of the new Government's effort to transform the country's economy, both in the immediate and future term hinges on addressing the currency reform problem. The vision of the Government is t...Published: 21 Sep 2018 at 06:44hrs | 338 | by Bongani Ngwenya
Giant stationery Manufacturer Re-Opens But...
The giant stationary manufacturer Marvo is set to re open next week on Monday.Workers who were stopped working some time ago said they were told that the company is re-opening."The ove...Published: 20 Sep 2018 at 06:55hrs | 1870 | by Stephen Jakes
Gweru chases money changers off the streets
Gweru City Council's blitz against illegal vending has extended to unregistered money changers, with the local authority threatening to confiscate their cash if they resist.Municipal police, i...Published: 19 Sep 2018 at 07:26hrs | 2316 | by Staff reporter
Zimbabwe economy in safe hands
THE appointment of a leaner Cabinet by President Emmerson Mnangagwa is not only welcome, but also goes a long way in demonstrating that the President listened to the people, mindful of the need to man...Published: 19 Sep 2018 at 07:25hrs | 1230 | by Daniel Ngwira
Long fuel queues resurface
Long fuel queues resurfaced in Harare and other parts of the country yesterday as most service stations went dry, with many motorists resorting to panic buying.Motorists queue for fuel at a se...Published: 19 Sep 2018 at 07:13hrs | 1157 | by Staff reporter
'US dollar to anchor Zimbabwe economic recovery'
PRESIDENT Mnangagwa has reassured the nation that the United States dollar will remain the bedrock of Government plans for accelerated reforms to address the multiplicity of challenges besetting the e...Published: 19 Sep 2018 at 06:44hrs | 1938 | by Staff reporter
Mnangagwa must consider Mthuli Ncube's proposals
WHEN President Emmerson Mnangagwa addressed the nation yesterday, there was hope that he would give a clear strategy towards addressing the currency distortions that have left the country on an econom...Published: 19 Sep 2018 at 06:28hrs | 319 | by Editorial - newsday
Hiding in the comforts of Sweden: Paul Siwela pens a letter to Mnangagwa
Dear Bhudi Paul, With dismay I read the letter you wrote President Mnangagwa today. I hasten to say that I was disappointed by this militant language you have now adopted as a party: MLO. What...Published: 18 Sep 2018 at 20:25hrs | 3513 | by Nomazulu Thata
Zimbabwe to continue using multicurrencies
Zimbabwe's use of the multicurrency system will continue until such a time that the country's macroeconomic fundamentals have re-aligned, President Emmerson Mnangagwa said today in his inaugural State...Published: 18 Sep 2018 at 19:36hrs | 1980 | by Staff reporter
Mnangagwa must take a chance on Mthuli Ncube's ideas
It is clear that Zimbabwe's new Finance minister Mthuli Ncube is not a shy man and neither is he a coward. He would have been aware, weeks in advance, that he would be appointed Zimbabwe's Treasury ch...Published: 18 Sep 2018 at 08:25hrs | 4710 | by Staff reporter
US$ black market rate spirals
Exchange rates on Zimbabwe's parallel market have risen sharply in the past week to 100% for real time gross settlement (RTGS) transfers, triggering fears of more price increases.Zimbabwe's ch...Published: 18 Sep 2018 at 07:42hrs | 4477 | by Staff reporter
Zimbabwe economy on the mend
Zimbabweans have entered the most anxious week. The new cabinet flew into a cholera crisis and from nowhere prices sky rocketed and rates came to obnoxious stinking levels. Mthuli Ncube's first week i...Published: 18 Sep 2018 at 07:32hrs | 2748 | by Dr Masimba Mavaza
Zimbabwe inflation breach danger zone
Zimbabwe's annual inflation rate rose 0,54 percent to 4,83 percent in the month of August, latest figures from the Zimbabwe National Statistics Agency (ZimStats) show. This was a marginal uptu...Published: 18 Sep 2018 at 06:28hrs | 663 | by Staff reporter
Anger on social media over Mugabe, Grace chartered flight
Zimbabweans have reacted angrily on social media after President Emmerson Mnangagwa's government reportedly chartered a plane for former president Robert Mugabe and his wife Grace, who flew to Singapo...Published: 17 Sep 2018 at 14:25hrs | 4226 | by Staff reporter
Zivhu calls for probe into cash vending
CHIVI SOUTH legislator Killer Zivhu (Zanu-PF) feels the government and the Reserve Bank of Zimbabwe (RBZ) must investigate circumstances resulting in the current cash crisis in the formal banking syst...Published: 17 Sep 2018 at 07:10hrs | 1360 | by Staff reporter
Mthuli Ncube's mission impossible?
While everyone in President Emmerson Mnangagwa's Cabinet is expected to hit the ground running, it is Finance minister Mthuli Ncube who has the most difficult mission to accomplish.Mnangagwa r...Published: 16 Sep 2018 at 13:34hrs | 2320 | by Staff reporter
Mthuli Ncube's five big challenges
NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube faces the unenviable task of navigating Zimbabwe's stuttering economy through serious challenges and will need to make tough deci...Published: 16 Sep 2018 at 09:11hrs | 3602 | by Staff reporter
Mthuli Ncube gets shock reality check
NEWLY-appointed Finance minister Mthuli Ncube - who arrived in the country from Switzerland early this week amid a populist storm and blaze of publicity on how to fix Zimbabwe's critically broken econ...Published: 14 Sep 2018 at 16:27hrs | 13087 | by Staff reporter
Mnangagwa paid Jonathan Moyo's children school fees?
NPF spokesperson Mr Jealousy Mawarire has suggested that President Emmerson Mnangagwa paid Jonathan Moyo's shildren school fees when Moyo moved to Kenya.Responding to Mr Prof Moyo's attacks on...Published: 11 Sep 2018 at 07:22hrs | 4027 | by Staff reporter
Jonathan Moyo's messy fallout with Grace Mugabe
Media enquiries have drawn my attention to a front-page story in today's (9 September) Standard newspaper in which the former first lady, Mrs Grace Mugabe, is said to have called on her alleged follow...Published: 11 Sep 2018 at 06:27hrs | 1937 | by Jonathan Moyo
Zimbabwe seeks return to dollar as new govt sworn in
Zimbabwe's newly sworn-in finance minister on Monday said he planned to reintroduce the Zimbabwe dollar and accelerate plans to repay the country's debt, in a bid to revive the battered economy....Published: 10 Sep 2018 at 16:27hrs | 4695 | by AFP
'Bond notes to go before year end,' says Mthuli Ncube
New Finance Professor Mthuli Ncube says bond notes could be gone by the end of this year."I am very clear that there have to be currency reforms and the (current) currency approach is not work...Published: 09 Sep 2018 at 20:17hrs | 23361 | by Staff reporter
Causes of liquidity crisis and its impact on economy
DURING the past week, the media has been awash with reports of price hikes of goods and some commodities running out on the market.Products ranging from cement to chickens and other basic comm...Published: 09 Sep 2018 at 08:38hrs | 453 | by Dr Bongani Ngwenya
Saboteurs behind price increases
PRICE increases that were reported in the country last week were being fuelled by political and economic speculators who were aiming at scuttling the acceptance of President Mnangagwa's new Cabinet, a...Published: 09 Sep 2018 at 08:30hrs | 829 | by Staff reporter
New ministers to make tough decisions
Newly appointed Cabinet ministers, who will be sworn in tomorrow, believe President Emmerson Mnangagwa's vision of creating a middle-income economy by 2030 is attainable, and tough decisions will have...Published: 09 Sep 2018 at 08:09hrs | 345 | by Staff reporter
Mnangagwa, Chiwenga 'rift' may paralyse govt
UNDERLYING tensions between President Emmerson Mnangagwa and one of his deputies, retired General Constantino Chiwenga, over power struggles, risks distracting the new administration from tackling a p...Published: 07 Sep 2018 at 07:37hrs | 11013 | by Staff reporter
ED rigged the elections, first came cash shortage and next is the exodus - no lights to turn out
"If Kinnock wins today will the last person to leave Britain please turn out the lights." Screamed the headlines in The Sun April 1992, Britain's leading tabloid newspaper. Neil Kinnock, Labour, did n...Published: 07 Sep 2018 at 06:56hrs | 1181 | by Patrick Guramatunhu
Mnangagwa urged to 'Scrap bond notes'
PRESIDENT Emmerson Mnangagwa's new administration should consider scrapping bond notes, as a way of restoring confidence in the economy, industrialists have said.Zimbabwe introduced the surrog...Published: 06 Sep 2018 at 15:46hrs | 7337 | by Staff reporter
Zimbabwe aviation industry faces collapse
THE aviation industry faces collapse, owing to failure by monetary authorities to remit ticket sales to foreign airlines, which have now ballooned to $76 million, making Zimbabwe an unprofitable ticke...Published: 03 Sep 2018 at 06:33hrs | 1067 | by Staff reporter
Mthuli Ncube wants bond notes scrapped
RENOWNED financial, economic and investment expert, Professor Mthuli Ncube, has advised Treasury to scrap bond notes and revert to use of the United States dollar in the meantime while working towards...Published: 03 Sep 2018 at 06:16hrs | 4051 | by Staff reporter
Mnangagwa's likely trajectory
THE most significant political fact about Zimbabwe today is that it is mired in a complex and turbulent multi-dimensional transition of which the just-ended elections were a part. The bitterly contest...Published: 01 Sep 2018 at 13:48hrs | 3159 | by Eldred V Masunungure
Zimbabwe is about to become a colony again
'The Zimbabwean's' Own Correspondent is absolutely right to warn Zimbabwe (as well as all Africa) of the dangers of China’s colonising activities: see ...Published: 30 Aug 2018 at 22:13hrs | 2086 | by David Barber and Tendai Ruben Mbofana
Prof. Mthuli Ncube: How to kick start Zimbabwe's economic recovery
There is a lot of work to do on the economic front but what is important is to draft a very clear economic vision and strategy for the country, to create an economy that exhibits strong GDP growth ove...Published: 30 Aug 2018 at 22:05hrs | 6253 | by Professor Mthuli Ncube
Mnangagwa must deliver on election promises
After everything is said and done, it's now high time President Emmerson Mnangagwa turn all those promises he made on the campaign trail into reality.When Mnangagwa came into power last Novemb...Published: 30 Aug 2018 at 07:32hrs | 552 | by Staff reporter
Con-Court ruling ends the silly season
The recent judgment handed down by the Constitutional Court put an end to a season of jest fronted by the MDC-Alliance's Nelson Chamisa and his supporting cast of pseudo-democrats and Twitter revoluti...Published: 29 Aug 2018 at 06:28hrs | 83 | by Staff reporter
Do not kill a dead snake!
This is what former President of South Africa Jacob Zuma said in reference to Thabo Mbeki who was voted out of the party and government as party leader and president of South Africa in Polokwane. This...Published: 28 Aug 2018 at 15:49hrs | 3879 | by Nomazulu Thata
South Africa lashes Trump over land 'seizures' tweet
South Africa accused US President Donald Trump of fuelling racial tensions yesterday after he said farmers were being forced off their land and many of them killed.Trump's tweet touched on the...Published: 24 Aug 2018 at 05:41hrs | 461 | by Staff reporter
Zimbabwe inflation reaches record high since 2012
PRESSURE on the parallel exchange rate market continues to pile due to shortage of foreign currency in the economy forcing Zimbabwe's year-on-year inflation rate to reach 4,29 percent last month....Published: 20 Aug 2018 at 05:52hrs | 1406 | by Staff reporter
Zimbabwe inflation rate hits 4% in 18 months
THE year-on-year inflation rate hit 4, 29 % in July 2018 from 2, 91% in June 2017, an increase of 47.48% in the Consumer Price Index (CPI) which measures changes in the general price level, driven mai...Published: 17 Aug 2018 at 06:19hrs | 545 | by Staff reporter
Zimbabwe economy burns as Chamisa, Mnangagwa fight
It is a crying shame that Zimbabwe's political stalemate, in the wake of the hotly-disputed July 30 presidential poll, has pushed the urgent need for the country to fix its ailing economy on the back-...Published: 13 Aug 2018 at 16:22hrs | 2003 | by Staff reporter
Sanctions just like a bullet would hit the voter not the voted
Mthwakazi activist Hloniphani Ncube has said since the advent of sanctions in Zimbabwe after the introduction of the MDC into the political field the negative effects have only hit hard the voter not ...Published: 11 Aug 2018 at 10:33hrs | 1059 | by Stephen Jakes
Zimbabwe licking self-inflicted political, socio-economic wounds
ZIMBABWE'S current economic woes were self-inflicted and the ruling party, Zanu-PF, should take full responsibility for the demise of the economy.For instance, the country has a habit of viola...Published: 08 Aug 2018 at 06:39hrs | 475 | by Mthandazo Nyoni
'Banks to give out more cash'
The Reserve Bank of Zimbabwe (RBZ) says people should expect to withdraw more cash from their banks in the coming weeks, just like what happened at the weekend when Automated Teller Machines (ATMs) di...Published: 07 Aug 2018 at 08:00hrs | 15441 | by Staff reported
EXCLUSIVE: Mnangagwa wins Zimbabwe Presidential Election through the barrel of a gun
HARARE - Caretaker leader, Emmerson Dambudzo Mnangagwa, is all but almost certain to be announced the winner of today's historic presidential election, by the Zimbabwe Electoral Commission (ZEC) by lu...Published: 30 Jul 2018 at 07:09hrs | 11977 | by Mary-Kate Kahari- Zimbabwe Editor
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