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Zanu-PF pushes for accelerated de-dolarisation
The ruling Zanu-PF party has resolved to accelerate Zimbabwe's de-dollarisation process and strengthen the Zimbabwe Gold Currency (ZiG) as the country's sole legal tender. This decision was among key ...Published: 6 hrs ago | 841 | by Staff reporter
Devaluation fails to halt ZiG free-fall
Zimbabwe's new local currency, the Zimbabwe Gold (ZiG), has taken another hit, losing an additional 11% of its value in under a month following a substantial 43% "devaluation" announced by monetary au...Published: 6 hrs ago | 941 | by Staff reporter
Choppies mulls Zimbabwe exit
Botswana-based retailer Choppies Enterprise Limited is contemplating a withdrawal from the Zimbabwean market, citing significant financial pressure stemming from the instability of the newly introduce...Published: 12 hrs ago | 2258 | by Staff reporter
RBZ rubbishes Chamisa lawyer's claims on ZiG
The Reserve Bank of Zimbabwe (RBZ) has reaffirmed that the Zimbabwe Gold (ZiG) currency remains the country's legal tender, dismissing speculation that it had expired following the lapse of Statutory ...Published: 13 hrs ago | 226 | by Staff reporter
ZiG remains fully legal and operational, says RBZ
The Reserve Bank of Zimbabwe (RBZ) has reassured the public that the Zimbabwe Gold (ZiG) currency remains fully legal and operational, dismissing concerns about potential regulatory gaps. This clarifi...Published: 28 Oct 2024 at 17:12hrs | 891 | by Staff reporter
What did the ZANU-PF conference achieve besides trying to do something unconstitutional?
The recent ZANU-PF National People's Conference in Bulawayo was expected to chart a course for Zimbabwe's pressing challenges. Yet, rather than addressing the nation's economic woes, poverty l...Published: 28 Oct 2024 at 13:12hrs | 946 | by Tendai Ruben Mbofana
Gwayi-Tshangani dam is a tale of unfulfilled promises
The Zimbabwean government has once again delayed the completion deadline for the Gwayi-Shangani Dam, now pushing it to 2026, leaving residents of Bulawayo in a precarious situation as the city grapple...Published: 28 Oct 2024 at 07:02hrs | 287 | by Staff reporter
Zanu-PF directs its govt to provide free healthcare, pay BEAM
The Zanu-PF party has issued a directive for the Government to provide free healthcare services to elderly citizens, minors, and individuals with disabilities, as well as establish mobile healthcare f...Published: 28 Oct 2024 at 06:57hrs | 143 | by Staff reporter
Chamisa's lawyer says ZiG has expired
Nelson Chamisa's lawyer has alleged that Zimbabwe's gold-backed currency, the Zimbabwe Gold (ZiG), introduced in April as a stabilizing alternative to the Zimbabwean dollar, may have lost its status a...Published: 27 Oct 2024 at 19:19hrs | 3041 | by Staff reporter
IMF cautions Zimbabwe
ZIMBABWE won't solve its economic challenges via the gold-backed ZiG currency that it launched in April and has since had to devalue, the International Monetary Fund said."There's a tendency t...Published: 27 Oct 2024 at 12:30hrs | 3866 | by Staff reporter
Tshabangu in bruising tussle over windfall
Employees of the opposition Citizens Coalition for Change (CCC) have turned to Justice Minister Ziyambi Ziyambi, appealing for assistance in recovering approximately US$1.2 million in outstanding sala...Published: 27 Oct 2024 at 12:29hrs | 4340 | by Staff reporter
RBZ pumps US$32 million into market
The Reserve Bank of Zimbabwe (RBZ) has infused approximately US$32 million into the interbank foreign exchange market over the past three weeks to stabilize the Zimbabwe Gold (ZiG) currency and addres...Published: 27 Oct 2024 at 12:19hrs | 151 | by Staff reporter
ZAA Founder on Diaspora, ZIG, Xenophobia and Julius Malema
"We are what we repeatedly do. Excellence, then, is not an act, but a habit."Aristotle's age-old dictum has been used and sometimes abused to the point of cliché.But whatever truth; b...Published: 26 Oct 2024 at 13:02hrs | 518 | by Staff Reporter
ZiG inflation rate now pegged at 37.2%
Zimbabwe's inflation rate for the Zimbabwe Gold (ZWG) currency surged to 37.2% in October, according to the latest data from the Zimbabwe National Statistics Agency (Zimstat). This sharp increase, ref...Published: 26 Oct 2024 at 12:48hrs | 241 | by Staff reporter
Zimbabwe needs alternative to US$
Persistence Gwanyanya, a member of the Reserve Bank of Zimbabwe's (RBZ) Monetary Policy Committee, has underscored the urgent need for alternatives to the US dollar as a store of value, highlighting c...Published: 25 Oct 2024 at 14:40hrs | 554 | by Staff reporter
'ZiG must go'
The Zimbabwe Gold (ZiG) currency is facing mounting pressure from the business community, which is advocating for its removal due to increasing volatility, despite the Reserve Bank of Zimbabwe's (RBZ)...Published: 24 Oct 2024 at 08:02hrs | 2142 | by Staff reporter
'ZANU-PF has sellouts,' Mnangagwa confirms
ZANU-PF's seemingly tense conference has forced its first secretary, Emmerson Mnangagwa to publicly warn against routine disloyalty and signals his preparedness to thwart any possibility of disorder c...Published: 23 Oct 2024 at 20:41hrs | 2968 | by Gideon Madzikatidze
No to third term of office for President Mnangagwa: Mudenda
Former Mthwakazi Republic Party National Executive Council Chairman Mudenda Chilumbo has criticized the Zanu PF faction that is rallying for President Emmerson Mnangagwa to rule beyond 2028, stating t...Published: 23 Oct 2024 at 20:03hrs | 1870 | by Stephen Jakes
Mthuli Ncube's Ministry fails to provide Zimbabwe's basic economic data
Officials from Zimbabwe's Ministry of Finance faced sharp criticism on Monday during a Parliamentary Portfolio Committee on Budget and Finance meeting after arriving unprepared for the 2025 budget con...Published: 23 Oct 2024 at 15:58hrs | 254 | by Staff reporter
CCC owes US$1,2m in salary arrears
The opposition Citizens Coalition for Change (CCC) party is under pressure as it faces claims from its employees for over US$1.2 million in accumulated salary arrears spanning a two-year period. The e...Published: 22 Oct 2024 at 08:05hrs | 391 | by Staff reporter
Zimbabwe vehicle registration declines
The Zimbabwe National Statistics Agency (ZimStats) has reported a significant decline in the registration of new vehicles during the second quarter of 2024. Only 15,890 vehicles were registered for th...Published: 22 Oct 2024 at 08:04hrs | 1519 | by Staff reporter
Catholic bishops bid to pay US$188K in ZiG hits a snag
The High Court of Zimbabwe has dismissed the application for a declaratur seeking a stay of execution regarding a US$188,000 payment order against Stella Mundi, an agricultural company owned by the Zi...Published: 22 Oct 2024 at 08:04hrs | 467 | by Staff reporter
Nkomo blasts Zanu-PF over policy confusion
Zapu leader Sibangilizwe Nkomo has blasted Zanu PF government over policy which he blamed for economic quagmire in the country.In...Published: 22 Oct 2024 at 07:21hrs | 566 | by Stephen Jakes
Swipe machines now mandatory in Zimbabwe
The Consumer Protection Commission has launched an enforcement blitz against businesses refusing to accept Point-of-Sale (POS) machine transactions, making it mandatory for all businesses to comply wi...Published: 21 Oct 2024 at 07:41hrs | 3153 | by Staff reporter
Sengezo Tshabangu up and running, in good health
Sengezo Tshabangu, the secretary-general of the opposition Citizens Coalition for Change (CCC), is up and running after being reported to have been moved to the intensive care unit (ICU) of a hospital...Published: 20 Oct 2024 at 14:21hrs | 4170 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 235 | by Staff reporter
Calls for US$ salaries grow louder in Zimbabwe
The Zimbabwe Congress of Trade Unions (ZCTU) has once again called for workers to be paid in United States dollars until the government stabilizes the country's economic fundamentals, arguing that thi...Published: 19 Oct 2024 at 12:11hrs | 200 | by Staff reporter
Zimbabwe govt launches major housing project in Matabeleland North
In a significant step toward its goal of providing affordable housing for all citizens, the Zimbabwean government has launched a new housing project in Emthunzini Township, Matabeleland North Province...Published: 19 Oct 2024 at 12:05hrs | 5782 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1421 | by Staff reporter
Zimbabwe's resilience: A nation's ability to overcome economic challenges, from sanctions to currency instability
For over two decades, Zimbabwe has been a nation under siege. Economic sanctions, imposed primarily by the United States and its Western allies, have crippled the country's economy, creating one of th...Published: 18 Oct 2024 at 11:56hrs | 153 | by Michael Badze
Zimbabwe is undermining the ZiG by overspending
Zimbabwe's new gold-backed currency is likely being undermined by the state tapping the central bank for funding and selling Treasury bills to pay for its overspending, Imara Asset Management said....Published: 18 Oct 2024 at 08:54hrs | 1262 | by Staff reporter
George Guvamatanga rules out Zimbabwe exchange-rate convergence
Zimbabwe won't allow the street rate of the ZiG to determine where its official rate should be as it isn't driven by market fundamentals, a senior Treasury official said.The ZiG is trading at ...Published: 18 Oct 2024 at 08:53hrs | 1694 | by Staff reporter
Zimbabwe govt keeps civil servants' salaries at 12% of GDP
The Zimbabwean government has announced that it will maintain civil servants' salaries at 12% of the gross domestic product (GDP), using GDP growth as the benchmark for future salary improvements. Thi...Published: 18 Oct 2024 at 08:52hrs | 2607 | by Staff reporter
Timba-led Chamisa faction fails
The High Court, led by Justice Faith Mushure, has dismissed an urgent application from the Jameson Timba-led faction of the Citizens Coalition for Change (CCC) that sought to block another faction fro...Published: 18 Oct 2024 at 08:49hrs | 299 | by Staff reporter
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 247 | by Staff reporter
Selling fuel in Zimbabwe's local currency will stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 16:44hrs | 3236 | by Engineer Jacob Kudzayi Mutisi
Selling Fuel in Zimbabwe's Local Currency will Stabilising the ZiG
In a pivotal announcement, Zimbabwe's Finance Minister Mthuli Ncube declared that all taxes and fees should now be paid in the Zimbabwe Gold (ZiG) currency. This move is part of a broader strategy to ...Published: 17 Oct 2024 at 12:32hrs | 6181 | by Engineer Jacob Kudzayi Mutisi
Advantage Welshman, Tshabangu as Timba CCC suffers setback
The Citizens Coalition for Change party led by Jameson Timba on Wednesday suffered a setback in its bid to claim ZiG 22.1 million under the Political Parties (Finance) Act after a judge ruled that its...Published: 17 Oct 2024 at 10:10hrs | 1530 | by Staff reporter
Taxes, fees to be paid in ZiG
The Zimbabwean Treasury is set to implement new measures requiring most taxes and fees to be paid exclusively in the Zimbabwe Gold (ZiG) currency, a move aimed at increasing demand and stabilizing its...Published: 17 Oct 2024 at 09:05hrs | 2505 | by Staff reporter
Zimbabwe's ICT Ministry faces severe financial crisis
The Information Communication Technology (ICT) ministry is grappling with a critical financial crisis due to a significant shortfall in its budget allocations, hindering its ability to effectively con...Published: 17 Oct 2024 at 09:01hrs | 155 | by Staff reporter
Zimbabwean Mine Workers Demand Cost of Living Adjustments Amid Economic Crisis
Harare, Zimbabwe - The National Employment Council for the mining industry has received a petition calling for immediate cost of living adjustments to mine workers' salaries. The plea comes in respons...Published: 16 Oct 2024 at 17:03hrs | 703 | by Stephen Jakes
Mnangagwa's adviser says ZiG is 'doomed', warns RBZ Governor
Local economist and adviser to President Emmerson Mnangagwa, Eddie Cross, has issued a stark warning to Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu, cautioning that the country's new Zim...Published: 15 Oct 2024 at 18:10hrs | 5640 | by Staff reporter
ZiG struggles persist
The woes surrounding the Zimbabwe Gold (ZWG) currency show no signs of abating, as retailers continue to implement a three-tier pricing system for products, complicating consumer transactions and unde...Published: 15 Oct 2024 at 08:39hrs | 2764 | by Staff reporter
Zimbabwe govt says 'no shortages of basic commodities'
The Government has dismissed claims of shortages of basic commodities in the formal market, attributing the perceived scarcities to economic agents redirecting supplies to the informal sector. In a po...Published: 15 Oct 2024 at 08:28hrs | 163 | by Staff reporter
Zimbabwe has US billion dollars overseas, can wipe out debt within 24 hrs
The recent Bulawayo24 article tells us that Zimbabwe is cash-strapped: it has a staggering debt of US$ 31billion; both domestic and international. This statement is partly true. In paper, Zimbabwe is ...Published: 13 Oct 2024 at 19:56hrs | 25116 | by Nomazulu Thata
Mthuli Ncube assures Zimbabweans amid ZiG volatility concerns
Finance Minister Mthuli Ncube has reassured Zimbabweans that there is no cause for alarm regarding potential volatility of the Zimbabwe Gold (ZWG) currency, citing the country's balanced local currenc...Published: 12 Oct 2024 at 11:22hrs | 376 | by Staff reporter
Mnangagwa, central bank deliver damp squibs
President Emmerson Mnangagwa's recent State of the Nation Address (Sona) has come under heavy criticism from leading economists, who say it lacked concrete solutions to arrest the nation's spiraling e...Published: 11 Oct 2024 at 18:33hrs | 1319 | by Staff reporter
Zimbabwe government's continued web of lies on ZiG gold-backing exposed!
Yesterday's statement, in a ZBC interview, by Reserve Bank of Zimbabwe Governor John Mushayavanhu has sparked confusion regarding the country's new currency, the Zimbabwean Gold (ZiG). The gov...Published: 11 Oct 2024 at 08:32hrs | 2282 | by Tendai Ruben Mbofana
Gold reserves backing ZiG rise
The Reserve Bank of Zimbabwe (RBZ) has reassured the public of continued exchange rate stability, with gold reserves backing the Zimbabwe Gold (ZiG) currency now valued at over US$450 million, up from...Published: 10 Oct 2024 at 18:50hrs | 6210 | by Staff reporter
Dollarisation the worst thing to do for Zimbabwe
The Zimbabwean government has remained resolute in its decision not to revert to full dollarisation, despite growing calls from businesses and citizens who prefer the United States dollar over the rap...Published: 10 Oct 2024 at 13:46hrs | 1667 | by Staff reporter
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