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Al Jazeera must be onto something big
THE first of a four-part documentary by international news channel Al Jazeera titled Gold Mafia: The Laundry Service has kicked up so much dust that it is now quite possible for many people to complet...Published: 29 Mar 2023 at 06:55hrs | 1730 | by Staff reporter
Al Jazeera documentary on Zimbabwe's gold mafia won't change anything
THE whole hullabaloo about illicit gold is plain codswallop and balderdash.The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearl...Published: 28 Mar 2023 at 06:51hrs | 873 | by Chris Mutsvangwa
The whole gold hullabaloo about Zimbabwe illicit gold is plain codswallop and balderdash
The whole gold hullabaloo about illicit gold is plain codswallop and balderdash. The country‘s detractors coalesced around George Soros and his Open Society Institute of Southern Africa are clearly ...Published: 26 Mar 2023 at 20:33hrs | 1571 | by Ambassador Christopher Mutsvangwa
Zimbabwe telcos in another staggered price review
ZIMBABWE'S main telecommunication companies are set for another price adjustment on April 1, 2023, as operator battle to offset rising operational costs.The telecoms industry will review tarif...Published: 21 Mar 2023 at 20:24hrs | 756 | by Staff reporter
Mnangagwa preside over Zimbabwe implosion
WHILE President Emmerson Mnangagwa claimed that the majority of his ministers were doing well - with three outstanding and two being a dismal failure - the reality on the ground is different: Zimbabwe...Published: 20 Mar 2023 at 15:05hrs | 777 | by Staff reporter
Demand for Zimdollar still high
ZIMBABWE'S central bank says demand for the local currency remains high despite increased use of foreign currency across economic sectors.The country legalised the dual monetary system to tame...Published: 17 Mar 2023 at 18:59hrs | 1657 | by Staff reporter
Zimdollar collapse raises concerns
THE Zimbabwe dollar's continued depreciation against the United States dollar has made the macroeconomic climate "volatile", amid an over 30% fall of the Zimbabwe dollar against the greenback th...Published: 13 Mar 2023 at 09:16hrs | 3533 | by Staff reporter
$20 Zimdollar notes rejected by traders
Public transport operators and traders must accept $20 notes as they are legal tender and failure to accept legal tender in transactions is outside the law, the Finance Ministry warned yesterday....Published: 10 Mar 2023 at 05:19hrs | 491 | by Staff reporter
Zimbabwe shifts to new 'blended' inflation that includes USD, Zimdollar prices
Zimbabwe will now measure inflation using a weighted average of goods and services priced in Zimdollars and US dollars, according to a Ministry of Finance statutory instrument gazetted yesterday in re...Published: 04 Mar 2023 at 08:12hrs | 339 | by Staff reporter
Zimdollar official rate converges with black market premium on RBZ Auction
THE Zimdollar official exchange rate has converged with the parallel market premiums while at the same time falling within internationally acceptable margins the Reserve Bank of Zimbabwe (RBZ) Foreign...Published: 15 Feb 2023 at 05:04hrs | 4296 | by Staff reporter
Fresh moves to promote use of Zimdollars
GOVERNMENT will enhance tax collections in local currency and maintain interest rates at par with inflation to promote the use of the Zimbabwe dollar in local transactions, Treasury has said.A...Published: 12 Feb 2023 at 07:35hrs | 386 | by Staff reporter
AfDB chief to meet Mozambique's Chissano over Zimbabwe debt
AFRICAN Development Bank (AfDB) president Akinwumi Adesina and former Mozambique president, Joaquim Chissano, will meet at the end of this month to map out key actions to be taken on Zimbabwe's debt c...Published: 12 Feb 2023 at 07:29hrs | 229 | by Ashlet Simango
Zimdollar haunted by trust issues
Zimbabweans across the country continue to lose trust in the local currency due to the rapid loss of value, meaning it cannot serve as the store of value and medium of exchange.According to th...Published: 12 Feb 2023 at 07:20hrs | 52 | by Staff reporter
Zimbabwe risks another currency collapse
FULL dollarisation remains an unviable proposition for Zimbabwe, defiant Reserve Bank of Zimbabwe (RBZ) governor Dr John Mangudya says, despite the economy rapidly gravitating toward self-redollarisat...Published: 12 Feb 2023 at 07:20hrs | 316 | by Staff reporter
Zimdollar further depreciates US$
THE Zimbabwe dollar has continued its freefall against the greenback, with results from the Reserve Bank of Zimbabwe (RBZ)'s foreign currency auction on Tuesday showing that it is trading at $732 to t...Published: 19 Jan 2023 at 07:31hrs | 1286 | by Staff reporter
Zimbabwe's gold coins selling at above $2,000 each
Zimbabwe's gold coins introduced in July are selling above $2,000 for the first time.The so-called "Mosi-oa-Tunya" gold coin, named after Victoria Falls, a key tourism site which straddles the...Published: 16 Jan 2023 at 19:09hrs | 2756 | by Staff reporter
$130 billion Zimdollars earmarked for massive roadworks
ZIMBABWE will double down on road development projects this year, with Treasury and the Zimbabwe National Roads Administration (ZINARA) injecting over $130 billion to rehabilitate about 10 000 kilomet...Published: 15 Jan 2023 at 09:40hrs | 295 | by Staff reporter
Zimdollar loses grip against USD
THE local dollar lost its grip against the United States dollar at the Reserve Bank of Zimbabwe (RBZ)'s auction system, which resumed on Tuesday with the official exchange rate now pegged at US$1: $70...Published: 12 Jan 2023 at 07:38hrs | 2148 | by Staff Reporter
Zimdollar plunges to record low
Zimbabwe's currency plunged to a record in the unauthorised market on Monday after the government urged suppliers not to buy foreign currency with payments recently received from the government....Published: 10 Jan 2023 at 18:25hrs | 3490 | by Staff reporter
ZCTU threatens to boycott meetings
THE Zimbabwe Congress of Trade Unions (ZCTU) has threatened to boycott the Tripartite Negotiating Forum (TNF) meetings next year, saying the body has failed to represent the interests of workers....Published: 25 Dec 2022 at 14:11hrs | 100 | by Staff reporter
Zera hikes LPG prices
THE Zimbabwe Energy Regulatory Authority (Zera) has increased prices for Liquefied Petroleum Gas (LPG) by five cents with effect from December 12, 2022.In a statement on Monday, Zera said the ...Published: 14 Dec 2022 at 06:42hrs | 476 | by Staff reporter
Mthuli Ncube rules out income tax relief
FINANCE minister Mthuli Ncube (pictured) says raising the income tax threshold again after the previous one in August would have been too soon because widening this tax relief further is dependent on ...Published: 02 Dec 2022 at 04:58hrs | 478 | by Staff reporter
Concerns over Zimdollar depreciation
CHARTERED accountants have expressed concern over the loss of value of the Zimbabwe dollar which is proving a challenge when putting together financial statements.They fear this could lead to ...Published: 02 Dec 2022 at 04:58hrs | 494 | by Staff reporter
Zimbabwe Foreign Affairs budget won't last 6 months
THE Foreign Affairs ministry has decried the low budgetary allocation it received in the 2023 National Budget saying it is inadequate to meet challenges faced by the country's embassies.Foreig...Published: 01 Dec 2022 at 05:00hrs | 203 | by Staff reporter
Chamisa needs everybody's support and sacrifice
MANY factors can push a nation to embark on unstoppable demonstrations.Hunger is one of them. Closure of democratic space, if we read world history, can cause uprising and civil disobedience....Published: 30 Nov 2022 at 05:06hrs | 366 | by Isaac Mupinyuri
Zimdollar has made citizens poorer
WE can't progress if we don't accept reality and correct our shortcomings. It's a fact that the Zimdollar has brought more problems to our sick economy.The Zimdollar prescription is adding mor...Published: 21 Nov 2022 at 04:57hrs | 411 | by Patriot
Mnangagwa's govt dumps Zimdollar
GOVERNMENT has announced that starting December 1, all commercial vehicles passing through Beitbridge Border Post will be required to pay border access fees in either US dollars or South African rand....Published: 15 Nov 2022 at 04:48hrs | 13741 | by Staff reporter
Zimdollar facing headwinds
For weeks, we have been told that the forex rates from both the official and parallel markets were stabilising and that this would mean inflation would soon follow.But, if the movement of the ...Published: 14 Nov 2022 at 05:14hrs | 1131 | by Staff reporter
Zimdollar dollar budget will fuel inflation
AFRICA Economic Development Strategies executive director Gift Mugano has warned that the proposed $3,4 trillion 2023 national budget will fuel inflation and deepen the economic crisis in the southern...Published: 08 Nov 2022 at 05:09hrs | 333 | by Staff reporter
Zimdollar notes are disappearing on the streets
October temperatures start to climb early in Harare, but by noon beverages vendor Davis Kugara is already counting his losses for the day.One after the other, many of his potential customers a...Published: 04 Oct 2022 at 22:15hrs | 3675 | by Staff reporter
Zimdollar, US dollar exchange rate cleavage narrows
THE narrowing of the gap between parallel market and official exchange rates from an elevated level of 140 percent in May to current levels of between five percent and 15 percent is a significant move...Published: 29 Sep 2022 at 05:56hrs | 1531 | by Staff reporter
Zimdollar to return soon
Zimbabwe's ruling party wants the country to revert to using the local currency as its sole means of exchange."I am very confident it's a matter of time" before that happens, Christopher Mutsv...Published: 22 Sep 2022 at 18:34hrs | 10441 | by Staff reporter
Zimdollar shortage hits the country
ZIMBABWE has been hit by Zimdollar shortages, a situation that has resulted in long-winding queues resurfacing at banks throughout the country.Of late, banks have been disbursing less than $5 ...Published: 22 Sep 2022 at 06:04hrs | 1250 | by Staff reporter
Zimdollar shortage bites
THE government will today give an update on contracts it suspended last month pending a pricing review as pressure mounts for it to honour its obligations.Last month, as part of measures to sa...Published: 21 Sep 2022 at 06:02hrs | 2862 | by Staff reporter
Zimdollar to further strengthen?
The Zimbabwe dollar is likely to strengthen as extra strands in the policies to decrease the amount of local currency in bank accounts, while increasing the amount of foreign currency in official mark...Published: 20 Sep 2022 at 06:02hrs | 763 | by Staff reporter
Zimdollar exchange rate stability false, economists warn
ECONOMISTS yesterday warned that the current exchange rate stability, which is largely a result of local currency shortages on the market is "false" and will be short-lived.Economist Eddie Cro...Published: 15 Sep 2022 at 05:55hrs | 1291 | by Staff reporter
Zimdollar slides to $604.2 against US dollar
THE Reserve Bank of Zimbabwe (RBZ) has allotted a combined US$15, 625 million to the main and Small and Medium Enterprise (SMEs) foreign exchange platforms this week, a slight increase from last week'...Published: 14 Sep 2022 at 05:46hrs | 457 | by Staff reporter
American economist wants Zimbabwe to disband its central bank
AMERICAN economist Steve Hanke says the Reserve Bank of Zimbabwe (RBZ) needs to immediately be completely removed from all monetary matters, blaming the bank for all the inflationary problems facing t...Published: 07 Sep 2022 at 06:44hrs | 3445 | by Staff reporter
Zambia's Hichilema outshines Zimbabwe's Mnangagwa?
SINCE Zambian President Hakainde Hichilema came assumed power last year, he has achieved key performance indicators, especially on the exchange rate an indication of strong leadership and that people ...Published: 04 Sep 2022 at 15:16hrs | 9450 | by Staff reporter
CZI hails Zimdollar recovery
THE Confederation of Zimbabwe Industries (CZI) has backed the swift decline in monthly inflation alongside the recovery of the Zim$, saying the developments will go a long way in providing a strong ba...Published: 04 Sep 2022 at 07:57hrs | 1010 | by Staff reporter
Schools directed to accept Zimdollar
THE Government has issued a stern warning to all schools that are demanding fees exclusively in US dollars, saying such institutions risk being de-registered as their demands were a violation of the c...Published: 03 Sep 2022 at 19:10hrs | 142 | by Staff reporter
Schools reject Zimdollar fees
SEVERAL schools across the country are demanding fees exclusively in United States (US) dollars owing to rising inflation, a development that has left parents and guardians in quandary ahead of school...Published: 02 Sep 2022 at 06:51hrs | 2804 | by Staff reporter
Zimdollar shortage hits market
A SHORTAGE of Zimbabwe dollar notes has hit the market, plunging companies and individuals into an acute liquidity crisis.Experts say the liquidity crunch has resulted from low demand for good...Published: 02 Sep 2022 at 06:51hrs | 2906 | by Staff reporter
ZINARA hikes Zimdollar toll fees
THE Zimbabwe National Roads Authority (ZINARA) has with immediate effect hiked Zimdollar toll fees in line with obtaining exchange rate dynamics.The developments are in line with recent ...Published: 27 Aug 2022 at 20:55hrs | 5658 | by Staff reporter
Zimdollar depreciates by 5, 8% on the RBZ Foreign Exchange Auction
THE Zimdollar value has depreciated by 5, 8% against the greenback on the Reserve Bank of Zimbabwe (RBZ) Foreign Exchange Auction.Market watchers believe the development is a positive step whi...Published: 23 Aug 2022 at 19:49hrs | 716 | by Staff reporter
Zimbabwe black market rates tumble
A raft of robust economic measures put forward by President Mnangagwa and his administration have proved to have a stabilising effect on the national economy as they managed to arrest the parallel mar...Published: 21 Aug 2022 at 08:43hrs | 1305 | by Staff reporter
Gold coins boost Zimdollar
Black market traders have been left reeling as measures taken by authorities, including new gold coins, to support the embattled local currency dry up excess liquidity and erode arbitrage opportunitie...Published: 18 Aug 2022 at 20:48hrs | 446 | by Staff reporter
Zimdollar depreciation on parallel and RBZ markets eases
THE depreciation of the Zimbabwean dollar has begun to ease on both the parallel and official market following months of a sustained downward spiral which saw the local currency losing more than half ...Published: 18 Aug 2022 at 06:48hrs | 3155 | by Staff reporter
'Gold coins safer than Zimdollar'
THE resilience of gold as a store of value pushed the Reserve Bank of Zimbabwe (RBZ) to introduce gold coins last month, a central bank official said yesterday.Azvinandava Saburi, director of ...Published: 17 Aug 2022 at 06:40hrs | 759 | by Staff reporter
Zimbabwe currency speculators cornered?
THE retreat of the recent inflation spiral is expected to accelerate, and purchasing power increase in light of recent pay rises without matching price rises, as speculative market forces are being co...Published: 15 Aug 2022 at 06:38hrs | 776 | by Staff reporter
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