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It's time for South Africa to rethink the economy
ON May 8, South Africans go to the polls to choose their next governing party for the next five years. The election this year marks the country's sixth general election since the dawn of democracy in ...Published: 22 Apr 2019 at 08:37hrs | 217 | by Tapiwa Gomo
Land compensation and IMF re-engagement: A legacy of an Anti-poor government.
The full import of Mnangagwa's Zimbabwe is open for business mantra is now being painfully realized by the working class of Zimbabwe. Salaries of the workers have been eroded, the majority of our popu...Published: 21 Apr 2019 at 20:10hrs | 2188 | by Obert Masaraure
Anti-sanctions crusade heats up
The push for the United States government and the European Union (EU) bloc to remove the two-decade-old sanctions imposed on Zimbabwe is beginning to snowball with international organisations adding a...Published: 21 Apr 2019 at 08:10hrs | 339 | by Staff reporter
Washington experts call for end to Zimbabwe sanctions
Experts in Washington, discussing whether or not Zimbabwe is a source of shame or opportunity for Africa, were unanimous in their position that targeted sanctions were hurtful to the country, and must...Published: 17 Apr 2019 at 07:53hrs | 2689 | by VOA
Chief Ndiweni fights eviction of white farmers
THE surprise eviction of popular Ntabazinduna farmers, Brain and Carol Davies, who operate Tabas Induna Farm, has attracted the wrath of local chief, Nhlanhla Ndiweni.The couple was served wit...Published: 16 Apr 2019 at 07:06hrs | 3077 | by Staff reporter
'Zimbabwe not reforming fast'
The World Bank says Zimbabwe is not reforming fast enough to improve its ease-of-doing business.Authorities in the southern African nation together with the World Bank are working on a reform ...Published: 16 Apr 2019 at 06:58hrs | 461 | by Staff reporter
'IMF to speed up Zimbabwe engagements'
The International Monetary Fund (IMF) says it will speed up implementation of a Staff-Monitored Programme (SMP) with Zimbabwe in order to protect vulnerable communities in the wake of Cyclone Idai whi...Published: 16 Apr 2019 at 06:52hrs | 434 | by Staff reporter
Chamisa's MDC unhappy with IMF assisting Zimbabwe
Cyclone Idai, which brought unprecedented destruction as incessant rain and gusty winds caused catastrophic damage, has prompted the International Monetary Fund (IMF) to agree to deepen the Fund's eng...Published: 15 Apr 2019 at 10:58hrs | 4023 | by Staff reporter
New currency triggers panic in Zimbabwe
Long-suffering Zimbabweans should brace for even tougher economic times ahead, following last week's surprise announcement by Finance minister Mthuli Ncube that the country would have yet another curr...Published: 15 Apr 2019 at 06:57hrs | 6926 | by Staff reporter
Mthuli Ncube lampooned over new currency plans
Finance minister Mthuli Ncube yesterday came under fire from economists who accused him of rushing to announce plans to re-introduce the Zimbabwe dollar before addressing factors which led to its coll...Published: 13 Apr 2019 at 13:17hrs | 2147 | by Staff reporter
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
Zimbabwe's path to prosperity
ON April 3, I gave President Emmerson Mnangagwa a letter from my government conveying the heartfelt sympathy of the American people for the lives lost in Cyclone Idai. I also announced that the Americ...Published: 12 Apr 2019 at 13:51hrs | 1263 | by Brian Nichols
WATCH: Mthuli Ncube says, 'Zimbabwe to introduce new currency 'in next 12 months'
FINANCE minister Mthuli Ncube has revealed that the country will have its own "new, fully-fledged currency" within the next 12 months to ease the cash shortages on the market.In an interview w...Published: 12 Apr 2019 at 07:17hrs | 6428 | by Staff reporter
Zimbabwe Army Generals read riot act to Mnangagwa, as he privately offers to resign as President
The game is all but over for President Emmerson Mnangagwa's young presidency, as hardline army generals are reportedly said to have read the riot act to him, over a sheaf of serious issues caused by h...Published: 12 Apr 2019 at 06:54hrs | 24929 | by Itai Mushekwe/Nancy Mabaya/Malvin Motsi
Mthuli Ncube to update IMF on Zimbabwe
FINANCE and Economic Development Minister Professor Mthuli Ncube is in Washington DC, the United States of America (USA) for the International Monetary Fund and World Bank 2019 Spring Meetings, where ...Published: 11 Apr 2019 at 07:14hrs | 431 | by Staff reporter
'Regional trade will cure Zim fragile economy' WB proscribed - this is false medicine, I hate false medicine
"The increases in prices that we have witnessed since October last year will affect the growth rate for 2019. For 2018, in the first quarter the growth was real, but it was then disturbed by the last ...Published: 10 Apr 2019 at 19:30hrs | 847 | by Patrick Guramatunhu
Price hikes choke Zim growth prospects: World Bank
THE World Bank (WB) says the currently spiralling price increases in Zimbabwe will have a negative impact on the country's growth prospects.Earlier this year, the World Bank projected that Zim...Published: 10 Apr 2019 at 06:51hrs | 727 | by Staff reporter
Knives out for Mnangagwa
Zimbabweans across political divide have reacted angrily to President Emmerson Mnangagwa's stance to compensate white farmers who lost their land during the fast track land reform program at the turn ...Published: 09 Apr 2019 at 11:37hrs | 21375 | by Mandla Ndlovu
'2 more years for austerity measures to start bearing fruit'
FINANCE Minister Mthuli Ncube says Zimbabweans shall have to wait for two years to start feeling any positive impact of his controversial austerity measures he introduced late last year."I thi...Published: 06 Apr 2019 at 07:58hrs | 1340 | by newzimbabwe
Mthuli Ncube launches 7 year IPSAS implementation strategy plan
FINANCE Minister Mthuli Ncube Wednesday launched the Migration to Accrual Based International Sector Accounting Standards implementation plan that will see government institutions move up to speed wit...Published: 05 Apr 2019 at 07:17hrs | 1738 | by newzimbabwe
Zimbabwe courts to go digital
CHIEF Justice Luke Malaba has appointed a nine-member committee to spearhead the digitisation of courts by year-end, a development expected to cut litigation costs and to reduce time taken in resolvin...Published: 03 Apr 2019 at 08:20hrs | 174 | by Staff reporter
Robert Mugabe's true legacy
There have been a number of books written on former President Robert Mugabe in his many leadership roles. As a leader of a guerrilla movement/army, as a Prime Minister (1980-87), as President (1987-20...Published: 01 Apr 2019 at 06:43hrs | 1723 | by Takura Zhangazha
'Zimbabwe is not poor'
ZIMBABWE will not take the Heavily Indebted Poor Country (HIPC) route as it still has economic indicators that do not qualify it into the grouping, an official in the Ministry of Finance and Economic ...Published: 31 Mar 2019 at 23:46hrs | 559 | by Staff reporter
Mnangagwa's victory not free, not fair, not credible
When Zimbabwean soldiers shot civilians during riots against alleged election-rigging on August 1, 2018, many Zimbabweans were horrified - but they weren't surprised.The previous November, the...Published: 29 Mar 2019 at 12:11hrs | 3000 | by Rahul Nagvekar
Mnangagwa warned
The government should expedite payment of its external debt owed to the World Bank, AfDB and other multilateral lenders or face further economic decline, a leading expert has said. Stephen Cha...Published: 29 Mar 2019 at 06:30hrs | 12958 | by Staff reporter
IMF mission to visit Zimbabwe next week
An IMF mission is expected in Zimbabwe next week to hold discussions with the government on the country's debt clearance strategy and the possibility of yet another Staff-Monitored Programme, George G...Published: 28 Mar 2019 at 07:50hrs | 1437 | by Staff reporter
Cyclone Idai: Of donations and the bane of sanctions
Zimbabwe was hit by Cyclone Idai from 14 to 17 March 2019, a crisis that plunged the nation into darkness. When the news reached President Emmerson Mnangagwa who was on a State visit to the United Ara...Published: 27 Mar 2019 at 12:31hrs | 1074 | by Elijah Chihota
Piece-meal austerity without reforms a wild goose chase
AUSTERITY measures introduced by Finance minister Mthuli Ncube under the Transitional Stabilisation Programme (TSP) will have a devastating effect on the economy and is at variance with Zanu-PF's elec...Published: 22 Mar 2019 at 07:02hrs | 1572 | by Staff reporter
Zimbabwe telecom companies being ditched by foreign partners
Zimbabwe's telecommunications companies are being deserted by their foreign partners that service and upgrade their systems due to inability to meet payment obligations in foreign currency. Te...Published: 22 Mar 2019 at 06:20hrs | 473 | by Staff reporter
ZANU PF proposes to give away platinum to foreign Capitalists
In 1991, the Zimbabwean economy took its first major dive with the adoption of the IMF/World bank neo-liberal "Economic Structural Adjustment Programme" (ESAP). In Zimbabwe, this process was headed by...Published: 18 Mar 2019 at 10:06hrs | 1466 | by ZCP
Rhodesia was 'successful' because essentially it was a province of SA
This week, I am going to start by doing something that we journalists don't normally do. Often we think our duty is to criticise or point out wrongdoing but never to praise even when praise is due. Bu...Published: 18 Mar 2019 at 09:26hrs | 2791 | by Baffour Ankomah
South Africa to monitor Zimbabwe's economic affairs
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 17:15hrs | 2220 | by Staff reporter
SA to sit in next critical Zimbabwe Treasury meetings
IN an unprecedented move, Zimbabwe has agreed to allow South Africa - the continent's most developed economy and powerhouse - to sit in official Ministry of Finance meetings to oversee Harare's debt c...Published: 15 Mar 2019 at 06:24hrs | 3497 | by Staff reporter
Forcing countries to pay debt in currency it denies them - that's the US!
ONE thing for sure is that Zimbabwe is not short of real original thinking to counter the West's capture of some Zimbabwean minds.Because of donor funding, too many politicians (naturally more...Published: 15 Mar 2019 at 06:02hrs | 672 | by Conway Tutani
Embargoes throttle Zimbabwe's financial system
Earlier this month, United States President Donald Trump extended the economic sanctions against Zimbabwe by a year, claiming that new Government's policies continue to pose an "unusual and extraordin...Published: 15 Mar 2019 at 05:50hrs | 343 | by Tawanda Musarurwa
Zimbabweans counting the cost of removing Mugabe
IN AN ideal world, the fall of Robert Mugabe as president of Zimbabwe was supposed to usher in a period of sustained economic growth and prosperity.Mugabe, 95, was toppled by his loyalists in ...Published: 14 Mar 2019 at 19:39hrs | 5110 | by Brighton Khumalo
SA vows to help Zimbabwe revive economy
President Cyril Ramaphosa said on Tuesday South Africa was ready to help Zimbabwe revive its economy, but within its means, while the two neighbours consider options that could see Harare receiving so...Published: 12 Mar 2019 at 14:13hrs | 1180 | by Reuters
SA, Zimbabwe discussing state-guaranteed bank loan
South Africa is considering more loans to Zimbabwe, including state-guaranteed funding from banks to support its northern neighbor's cash-strapped private sector.The facility is among a range ...Published: 12 Mar 2019 at 14:11hrs | 714 | by Bloomberg
Mnangagwa must engage the 'bullies' to win this economic war
The United States of America (US), this week, once again tightened the noose on Zimbabwe when it extended sanctions against President Emmerson Mnangagwa's administration in a show of no confidence –...Published: 09 Mar 2019 at 12:30hrs | 1764 | by Staff writer
Mthuli Ncube makes frantic efforts to charm US
Finance minister Mthuli Ncube is this week making frantic efforts to warm up relations with multilateral creditors as Zimbabwe continues its search for US$1,2 billion to clear World Bank arrears despi...Published: 08 Mar 2019 at 14:15hrs | 2059 | by Staff reporter
Mnangagwa splurges US$1,5m on anti-sanctions project
PRESIDENT Emmerson Mnangagwa's cashstrapped government will spend over US$1,5 million over three years after hiring a lobbyist linked to the United States President Donald Trump in a bid to have sanct...Published: 08 Mar 2019 at 10:29hrs | 663 | by Staff reporter
Mthuli Ncube hits brick wall on debt clearance plan
FINANCE minister Mthuli Ncube is struggling to nail down the debt clearance roadmap which has been on the table since 2015 to clear urgent US$2,3 billion in arrears before securing game changing new f...Published: 08 Mar 2019 at 10:22hrs | 2450 | by Staff reporter
Mthuli Ncube makes frantic efforts to charm US after sanctions slap
Finance minister Mthuli Ncube is this week making frantic efforts to warm up relations with multilateral creditors as Zimbabwe continues its search for US$1.2 billion to clear World Bank arrears despi...Published: 07 Mar 2019 at 06:49hrs | 2084 | by Staff reporter
Corruption encompasses the misuse of public office for private gains
CORRUPTION is generally defined as any form of abuse of public office for private gain. The word "corruption" is a linguistic derivative of the Latin word "corrumpere" which literally translated would...Published: 05 Mar 2019 at 23:04hrs | 903 | by Prosper Munyedza
Throwback Monday:- The rise and fall and rise of Tendai 'Wananchi' Biti
THE political circus unravelling in the country's opposition politics needs no introduction. The tag of war between the Morgan Tsvangirai and Tendai Biti camps over control of the opposition MDCT has ...Published: 04 Mar 2019 at 12:43hrs | 3449 | by Wezhira Marihwepi
Mnangagwa's advisors clash with Charamba
Members of the Presidential Advisory Council are said to have clashed with Presidential Spokesperson George Charamba when they met at their inaugural meeting on Friday. Charamba is reported to have wa...Published: 19 Feb 2019 at 07:21hrs | 7592 | by Mandla Ndlovu
Zanu-PF a sanctuary for thieves
If one is a convicted felony and wants to start on a new page then Zanu PF is the right place to go. Dexter Nduna's moment of revelation that he killed many people is enough to have him question...Published: 15 Feb 2019 at 14:15hrs | 993 | by AT Kadada
Zimbabwe looks to tackle telecom fraud with technology
Despite an ambitious economic reform agenda, Zimbabwe's economic freedom score dropped down 3.6 points to a mere 40.4 on the Heritage Foundation's latest Index of Economic Freedom, making its economy ...Published: 15 Feb 2019 at 09:38hrs | 632 | by Agencies
Zimbabwe pesters South Africa for lines of credit
Zimbabwe's government continues to explore avenues of attracting lines of credit from neighbouring South Africa after the continent's most prosperous nation rebuffed an earlier request by Harare for a...Published: 15 Feb 2019 at 08:26hrs | 395 | by Staff reporter
Zimbabwe clears IMF debt
The International Monetary Fund, IMF has revealed that Zimbabwe has already cleared all its outstanding debts.Director of Communication with the International Monetary Fund Gerry Rice revealed...Published: 13 Feb 2019 at 16:16hrs | 11070 | by NewZimbabwe.com
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