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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 | 2281 | 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 | 1216 | 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 | 1074 | 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 | 1548 | 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 | 317 | by Editorial - newsday
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 | 4669 | 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 | 4455 | 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 | 1359 | 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 | 3559 | 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 | 13036 | by Staff reporter
'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 | 23274 | 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 | 452 | by Dr Bongani Ngwenya
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 | 344 | 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 | 10953 | 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 | 4038 | 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 | 3156 | by Eldred V Masunungure
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 | 6236 | 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 | 551 | by Staff reporter
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 | 460 | 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 | 541 | 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
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
Zimbabwe cash crisis solution
A Zimbabwean man shows off new bond notes outside a bank in Harare on November 28, 2016. Picture: Philimon Bulawayo/ReutersPursuant to the adoption of the multicurrency system in Zimbabwe unti...Published: 27 Jul 2018 at 15:27hrs | 2598 | by Colls Ndlovu
Banks increase withdrawals to $100
DEPOSITORS smiled all the way to banks on Monday and yesterday as banks in Bulawayo offered more cash withdrawals of up to $100, both bond notes and United States dollars.Yesterday, scores of ...Published: 25 Jul 2018 at 07:16hrs | 1390 | by Staff reporter
Panic in the air
While the MDC announces a round-the-clock vigil for electoral reforms outside the offices of the Zimbabwe Electoral Commission, the main concern of Zimbabweans in the UK seems to be not the looming el...Published: 23 Jul 2018 at 19:13hrs | 6639 | by Zimbabwe Vigil Diary
In trouble for burning US$ notes
FLAMBOYANT club wheel-spinner, T-Fresh - real name Tapuwa Mhlanga - might have wads of US dollars to burn, but might find himself in hot water for violating the law.The youthful entertainer wa...Published: 19 Jul 2018 at 15:26hrs | 3002 | by Staff reporter
Chamisa praises Zanu-PF MP
MDC-Alliance president Mr Nelson Chamisa last week cast doubt on his own party's ability to deliver when he inadvertently praised zanu-pf's Chipinge Central legislator, Raymore Machingura,...Published: 17 Jul 2018 at 13:36hrs | 3702 | by Staff Reporter
RBZ increases cash injections to $150m
RESERVE Bank of Zimbabwe governor John Mangudya says the central bank has increased the foreign currency injections into the economy by 50% to $150 million a month to ease forex shortages.This...Published: 16 Jul 2018 at 07:20hrs | 1572 | by Staff reporter
Chamisa addresses rallies in Chipinge
MDC Alliance leader, Nelson Chamisa held rallies in Chipinge and Chimanimani, threatening to call off the 30 July harmonised elections if their demands on the Zimbabwe Electoral Commission (ZEC) are n...Published: 13 Jul 2018 at 14:03hrs | 2091 | by Staff reporter
Continuous importation of forex fuels Zimbabwe blackmarket
ANALYSTS agree that the continuous importation of hard cash into the economy will not improve the prevailing cash shortages in the country, but further fuel the parallel market.This comes as R...Published: 11 Jul 2018 at 07:20hrs | 1359 | by Staff rpeorter
Mangudya's colourless phishing joke
I miss Gideon Gono. That's only because John Mangudya, his successor at the central bank, is that turtle you can't pick out from the rocks, which when it strays onto the road, looks and sounds like a ...Published: 09 Jul 2018 at 08:22hrs | 1534 | by Tawanda Majoni
Opposition promises a childish mirage
The run-up to this year's elections has witnessed the rise of a plethora of new political parties while some funny and comical leaders seem unable to address the nation's challenges as witnessed by th...Published: 09 Jul 2018 at 07:43hrs | 153 | by Staff reporter
RBZ doubles up cash imports to $100m
The Reserve Bank of Zimbabwe (RBZ) has doubled cash imports to $100 million per month as the central bank tries to ameliorate the prevailing cash shortages as well as meet rising demand from recoverin...Published: 08 Jul 2018 at 12:55hrs | 453 | by Staff reporter
Beyond the rhetoric, what does Mnangagwa offer?
When President Emmerson Mnangagwa (pictured)came to power, I was one of the sceptical ones, as he has been in government since independence and I believed he was as much to blame for the economic, pol...Published: 05 Jul 2018 at 07:10hrs | 477 | by Nqaba Matshazi
Our Polotics
Politics in Zimbabwe is appalling. Zimbabweans have fallen in love with the US dollar precisely because of its buying power, despite the fact that it is not their national curreny. Emerson...Published: 05 Jul 2018 at 06:59hrs | 146 | by Clement Moyo
Prices of basic goods shoot up
Prices of basic consumer goods have gone up sharply over the past few weeks, on the back of worsening foreign currency shortages in the country.At the same time, experts warn that the price in...Published: 01 Jul 2018 at 17:02hrs | 1442 | by Staff reporter
US dollar losing status as world reserve currency
Economists have predicted that the international financial system in the next decade will have changed significantly as the United States dollar loses its reserve currency status.Aggressive fo...Published: 01 Jul 2018 at 08:24hrs | 2522 | by Staff reporter
Currency reforms to address shortages
Zimbabwe's currency reforms will include measures to bring harmony between money in banks or Rapid Transfer Gross Settlement (RTGS) balances and foreign currency resources on the market, Reserve Bank ...Published: 01 Jul 2018 at 08:09hrs | 950 | by Staff reporter
RBZ stops issuing $s to banks
THE Reserve Bank of Zimbabwe has temporarily stopped giving US dollars to banks for withdrawal by individuals, as the latter are said to be at the centre of black market currency dealings.The ...Published: 01 Jul 2018 at 08:05hrs | 1563 | by Staff reporter
Biti offers 'bus loads' of cash
MDC Alliance principal Mr Tendai Biti has said "whites will come with lorries and buses full of money" to Zimbabwe if the opposition coalition wins the July 30, 2018 harmonised elections.At a ...Published: 01 Jul 2018 at 08:00hrs | 733 | by Staff reporter
US dollar black market rate soars
A crazed pre-election demand for the United States dollar has pushed the black market premium to an all-time high as shortages of foreign exchange fuels a roaring currency black market now driving up ...Published: 28 Jun 2018 at 16:11hrs | 5691 | by Staff reporter
Mnangagwa hints on Zimdollar return
PRESIDENT Emmerson Mnangagwa on Saturday hinted on plans to reintroduce the Zimbabwe dollar to curb the current cash shortages.Addressing a Zanu-PF campaign rally in Bulawayo, Mnangagwa said t...Published: 25 Jun 2018 at 07:34hrs | 2214 | by Staff rpeorter
Cash shortages now Zimbabwe's major election issue
The leader of Zimbabwe main opposition party, Nelson Chamisa, alighted from his car, grabbed a microphone and made a bold promise to scrap bond notes if he wins the July 30 presidential election to st...Published: 24 Jun 2018 at 16:27hrs | 1532 | by Staff reporter
'Cash shortages will end,' says Mnangagwa
Government will soon unveil systematic measures to comprehensively address cash shortages, while introduction of a local currency will remain a long-term objective, President Emmerson Mnangagwa has sa...Published: 24 Jun 2018 at 08:38hrs | 3250 | by Staff Reporter
Shona speaking in Matebeleland - Chamisa blasts Mnangagwa ‘tribal politics’
MDC Alliance presidential candidate, Nelson Chamisa has pledged to reverse successive Zanu PF governments' toxic politics centred on tribalism and "jobs for the boys" policy. Addressing a camp...Published: 18 Jun 2018 at 07:24hrs | 8868 | by Staff reporter
MDC Alliance 'bullet train' political campaign
The MDC Alliance's "bullet train" political campaign has clearly been quick off the mark (no pun intended).Perhaps too quick off the mark to the extent that they had raked up in excess of 40 r...Published: 10 Jun 2018 at 09:21hrs | 293 | by Staff writer
Mnangagwa headache over moneychangers
Finance minister Patrick Chinamasa has blamed the police for failing to arrest unlicensed foreign currency traders saying there was a legal framework in place to curb the vice.This comes as th...Published: 07 Jun 2018 at 15:13hrs | 1346 | by Staff reporter
Mnangagwa's pay hike for civil servants not enough
The Zimbabwean government this month awarded civil servants a 15 percent salary increase but the pomp and fanfare was short-lived when basic commodity prices shot up as businesses sought to cushion th...Published: 03 Jun 2018 at 17:40hrs | 2259 | by Staff reporter
5 key economic policy matters that will trigger economic stability & growth in Zimbabwe
Over and above the need for political stability and sound macroeconomic management policies, business confidence is the single biggest determinant of economic growth in any country. Economics is a soc...Published: 01 Jun 2018 at 11:45hrs | 1355 | by Martin Majaji
Chamisa says Zimbabwe army will not block him from taking over
MDC Alliance leader Mr Nelson Chamisa says the Zimbabwe Defence Forces (ZDF) is a professional and patriotic national body, which is unlikely to block him from assuming the Presidency in the implausib...Published: 27 May 2018 at 10:10hrs | 528 | by Staff rpeorter
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