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ZCTU mobilises for nationwide protests
THE Zimbabwe Congress of Trade Unions (ZCTU) has begun mobilising for a national general strike of both public and private sector workers. The event, according to ZCTU president Peter Mutasa, ...Published: 16 hrs ago | 3024 | by Staff reporter
Zimdollar gains against the US dollar
The Reserve Bank of Zimbabwe held its weekly foreign currency auction today, which saw the local currency maintain its appreciation trend against the US dollar after it gained 0.26% to 81.4965 from 81...Published: 22 Sep 2020 at 18:42hrs | 6449 | by Staff reporter
Zimdollar continues to regain strength
The Reserve Bank of Zimbabwe allotted its highest foreign currency to date at the weekly foreign currency auction today as the local currency continues to regain strength. The Zimbabwe do...Published: 15 Sep 2020 at 17:40hrs | 3345 | by Staff reporter
Stability of prices brings relief
Prices of basic commodities are stabilising and marginally decreasing on selected items, arresting the volatility and speculative behaviour which characterised the market before the introduction of th...Published: 12 Sep 2020 at 07:36hrs | 622 | by Staff reporter
Early Christmas for Zimbabwe civil servants
CIVIL servants are set to continue receiving US$75 COVID-19 allowances each until December. Government had initially indicated that the facility would run for three months from June this year,...Published: 10 Sep 2020 at 07:15hrs | 7048 | by Stff reporter
Zimdollar appreciates 0.75% to against the real US dollar
The local currency continued to gain against the dollar as it was up 0.75% in the latest auction as bidders continue to get all the money they bid at their various rates. The ZWL's latest...Published: 08 Sep 2020 at 19:11hrs | 2003 | by Staff reporter
Zimdollar, prices of basic goods remain stable
THERE is a glimmer of hope among long-suffering Zimbabweans that the stabilising cost of basic consumer goods in the country will soon lead to more prices coming down on the back of the continuing goo...Published: 07 Sep 2020 at 17:06hrs | 2373 | by Staff reporter
Zimplats warns of possible tax dispute with govt
MINING concern Zimplats has warned that a possible dispute over payment of taxes with the government could have an impact on future financial results.This was revealed by the platinum miner in...Published: 03 Sep 2020 at 06:17hrs | 884 | by Staff reporter
Zimdollar strengthens against the real US dollar
The local currency appreciated for the first time against the US dollar after it firmed a marginal 0.094% to 83.3209 from 83.3994. This followed a drop in both the highest and lowest bids to 87.5 and ...Published: 01 Sep 2020 at 18:39hrs | 6504 | by Staff reporter
Business cries foul over EcoCash limits
ZIMBABWE'S hard-pressed businesses say they are likely to witness depressed revenues in the short term due to the Reserve Bank of Zimbabwe's decision to limit EcoCash transactions to ZW$5 000 per day....Published: 28 Aug 2020 at 07:17hrs | 2564 | by Staff reporter
Zimbabwe govt urged to fully dollarise
GOVERNMENT should just fully dollarise the economy as the current dual pricing system is not benefiting the country's majority who get their salaries in local currency, a local economic development an...Published: 26 Aug 2020 at 07:15hrs | 4226 | by Staff reporter
Zimdollar depreciates 0.57% to 83.40 against the US dollar
The Zimbabwean dollar depreciated 0.576% to 83.3994 from last week's 82.9184 as the spread between bids narrowed further. While this is a step in the right direction in terms of price sta...Published: 25 Aug 2020 at 18:05hrs | 760 | by Staff reporter
Liberators turned mercenaries
War veterans are currently lobbying the Minister of Finance to for a salary increment as they are the 'Reserve Force' of the Zimbabwe National Army. The average age of our WarVets is 65yrs. WarVets de...Published: 21 Aug 2020 at 09:12hrs | 1250 | by Ms Tendayi Lynnette Mudehwe
'I'm a Zim doctor, the COVID-19 crisis is worse than you imagine'
YOU may have heard about the seven babies stillborn at Harare Hospital in one day at the end of July. From the maternity register that night, you can see that the infants were on average a healthy wei...Published: 21 Aug 2020 at 07:42hrs | 1277 | by African Arguments
Zimdollar stabilises against the real dollar
Little movement was seen on the foreign currency auction on Tuesday as the Zimbabwean dollar closed with a marginal depreciation of 0.43% against the US$ to 82.9214 According to the resul...Published: 18 Aug 2020 at 18:25hrs | 4183 | by Staff reporter
Zimdollar depreciates by 2.5% agains the real dollar
The Zimbabwe dollar depreciated 2.5% to 82.5608 in Thursday's combined auction. The local currency has depreciated 69.7% from the fixed exchange rate of 25 and 30.52% from the auction start rate of 57...Published: 13 Aug 2020 at 20:21hrs | 1170 | by finx
Zimdollar return premature, says Gono
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has said the reintroduction of the Zimbabwean dollar, which has been rapidly losing value since its re-introduction in June last year, was pr...Published: 07 Aug 2020 at 09:10hrs | 7678 | by Staff reporter
Zimdollar depreciates 4.6% to 80.46
The local dollar depreciated 4.6% in today auction to a weighted average rate of 80.46 against the US dollar from 76.76 last week. A total US$18.53 million was allotted from total bids worth US$19.77 ...Published: 04 Aug 2020 at 17:43hrs | 1118 | by Staff reporter
Protests: Army takes charge
MEMBERS of the Zimbabwe National Army and the police yesterday shut down the central business districts (CBDs) of major cities and towns, kicking out civilians and barricading all roads into city cent...Published: 31 Jul 2020 at 07:33hrs | 4434 | by Staff reporter
Zimdollar loses 6% against the dollar
The local currency continues to lose value as it searches for a stable range based on demand and supply. The ZWL lost 6.01% to trade at 76.7596 against the dollar from 72.1470 attained last week....Published: 28 Jul 2020 at 19:26hrs | 5050 | by Staff reporter
Govt approves dual pricing
GOVERNMENT has authorised the pricing of goods and services in both the local currency and the United States dollar, barely a year after ditching the multi-currency regime."It is hereby notifi...Published: 27 Jul 2020 at 08:49hrs | 1711 | by Staff reporter
Zimbabweans to pay more to make calls
In a notice to operators on Wednesday, the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) said operators may now use dual pricing on their tariffs.This is in line with...Published: 27 Jul 2020 at 08:49hrs | 954 | by Staff reporter
ZimDollar future bright, says Mthuli Ncube
FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday reiterated that there was no going back on the use of the Zimbabwe dollar, adding that the future of the local currency was "...Published: 25 Jul 2020 at 08:32hrs | 1804 | by Staff Reporter
No US$75 joy for civil servants
CIVIL servants yesterday expressed anger after failing to access their US$75 allowances as promised by the government, accusing their employer of being insincere.Government last month promised...Published: 23 Jul 2020 at 20:20hrs | 1233 | by Staff reporter
Zimdollar depreciates 4.5% to $72.14
There was a 4.51% depreciation on the local currency against the US$ to 72.1470 at the close of the Reserve Bank of Zimbabwe auction of Tuesday with US$14.85 million being allotted at a cost of $1.07 ...Published: 21 Jul 2020 at 17:35hrs | 1745 | by Staff reporter
Why hated Zimdollar is headed in one direction
On July 9, 2020, my young liberal team and I sampled a few of our country's top economic analysts on a Zoom conference on Zimbabwe's precarious currency conundrum.Likely though it seems, one c...Published: 19 Jul 2020 at 18:53hrs | 3648 | by Rejoice Ngwenya
'Mnangagwa's govt has no plans to abandon Zimdollar'
JUSTICE minister Ziyambi Ziyambi yesterday told Parliament that government had no immediate plans to abandon the Zimbabwe dollar, totally crashing any hopes by civil servants of having their salaries ...Published: 16 Jul 2020 at 07:50hrs | 3378 | by Staff reporter
Mnangagwa must heed UN rebuke on human rights abuses
A REPORT by the United Nations special rapporteur on the Rights to Freedom of Peaceful Assembly and of Association, Clément Nyaletsossi Voule, makes for interesting reading.Zimbabwe, he noted...Published: 16 Jul 2020 at 07:49hrs | 980 | by Staff reporter
Zimdollar depreciates 4.37% to 68.89 to the real dollar
The local currency depreciated a further 4.37% to the dollar to 68.8879 at the fourth auction as the spread between bids narrowed significantly to just 21 from 35 last week and 65 at the first auction...Published: 14 Jul 2020 at 19:06hrs | 1519 | by Staff reporter
Panic Chinamasa and the Old Mutual threat
WHAT did Zanu-PF politburo member Patrick Chinamasa mean when he said the ruling party had endorsed a decision to "eject Old Mutual from the financial system"? Nobody knows. Not even Old Mutual itself...Published: 14 Jul 2020 at 08:43hrs | 4354 | by newZWire
Mthuli Ncube faces uphill task
FINANCE minister Mthuli Ncube, expected to present his mid-term budget statement next week, faces a daunting task to craft a cocktail of measures to stem the steepest economic decline in Zimbabwe sinc...Published: 10 Jul 2020 at 07:21hrs | 4214 | by Staff reporter
'Zimbabwe's fuel pricing structure is flawed, uncompetitive'
AS the country reels under acute fuel shortages, compounded by the depreciating Zimbabwean dollar and limited foreign currency, senior reporter Tinashe Kairiza (TK) this week spoke to National Oil Inf...Published: 10 Jul 2020 at 07:11hrs | 1638 | by Staff reporter
Zimdollar continues to depreciate against the dollar
The Zimbabwe dollar depreciated 3.2% at the foreign currency auction to 65.8765 from 63.7442 last week. Today's auction marked the entry of exporters and holders of free funds who were liquidating the...Published: 07 Jul 2020 at 17:42hrs | 3065 | by Staff reporter
Mnangagwa spends $480m on Zupco, roller meal subsidies
THE government spent $480 million on the Zupco and roller meal subsidies in the first four months of 2020, but still managed to balance its budget over the period, Treasury data shows.Governme...Published: 06 Jul 2020 at 13:08hrs | 2349 | by staff reporter
100 retail operators arrested for not accepting Zimdollar, bond notes
Refusing to accept the Zimdollar and bond notes as payment for goods has landed 102 Zimbabwean business owners and retail employees in trouble, with 28 of these appearing in court as the government en...Published: 01 Jul 2020 at 19:55hrs | 3960 | by Staff reporter
New Zimdollar to US$ rate unveiled
The Zimbabwe Dollar has done a nosedive at a forex auction conducted this Tuesday seeing the United States dollar (as ZBC termed it) firming from last week's 57 to 63.74.The nosedive com...Published: 30 Jun 2020 at 21:27hrs | 11443 | by Mandla Ndlovu
Zimdollar tanks again
The forex auction conducted this Tuesday saw the Zimbabwe dollar depreciating to Z$63.74 to the US dollar from $57.36 last week.This is the second day of the foreign currency auction foll...Published: 30 Jun 2020 at 17:42hrs | 6196 | by Staff reporter
Zimdollar continues to tumble
A forex dealer brandishes wads of $2 and $5 notes in Harare. The Zimdollar has continued losing value against stronger currencies like the rand and the United States dollar.THE Zimbabwe dollar...Published: 29 Jun 2020 at 07:46hrs | 4277 | by Staff reporter
Chamisa has been hijacked, says Mashakada
Founding MDC member and Economic Planning former minister Tapiwa Mashakada recently left the MDC-Alliance led by Nelson Chamisa claiming the party had stopped being a workers' movement and that it had...Published: 28 Jun 2020 at 17:44hrs | 9023 | by Staff reporter
EcoCash ignores govt ban amid
ECOCASH has continued offering its services despite a shock government ban on mobile money services on Friday.The government said it had suspended all mobile money services as it battles again...Published: 28 Jun 2020 at 08:17hrs | 1082 | by Staff reporter
Mobile money transactions not to blame for economic woes
FORMER Finance minister Tendai Biti has called government's ban on trading on the Zimbabwe Stock Exchange (ZSE) and all mobile money transactions as "madness" with terrible consequences.The ba...Published: 28 Jun 2020 at 08:15hrs | 567 | by Staff reporter
'Mnangagwa's govt will not print money'
THE government will not print more money to alleviate the cash shortages in the country, Deputy Finance minister Clemence Chiduwa, has said.Speaking in the National Assembly on Wednesday, Chid...Published: 27 Jun 2020 at 17:02hrs | 1497 | by Staff reporter
'RBZ's forex auction system not panacea to Zimdollar volatility'
THE Confederation of Zimbabwe Industries (CZI) has cautioned that curtailing the increase in broad money supply, among a range of fiscal measures, would ensure the success of the foreign currency auct...Published: 26 Jun 2020 at 07:50hrs | 1963 | by Staff reporter
De-dollarisation recipe for disaster: Lessons from Peru
THE following are the numerous questions that need to be addressed about the Reserve Bank of Zimbabwe (legal tender) Regulations, SI 142.Has government addressed the fundamentals which lead to...Published: 26 Jun 2020 at 07:42hrs | 1655 | by Justice Dzama
'Zimbabwe slowly but surely re-dollarising'
GOVERNMENT last week announced a 50% increment and a Covid-19 allowance of US$75 for civil servants and US$30 for pensioners. This is despite government earlier banning the multi-currency regime and m...Published: 26 Jun 2020 at 07:39hrs | 1490 | by Staff reporter
Energy workers demand US$ salaries
ZIMBABWE Energy Workers Union (Zewu) has appealed to energy companies to peg their salaries in the more stable United States dollars following the continued fall of the Zimdollar against major currenc...Published: 26 Jun 2020 at 07:32hrs | 1334 | by Staff reporter
New exchange rate trebles customs duty
THERE has been an outcry at all ports of entry after the Zimbabwe Revenue Authority (Zimra) hiked duty of all imported goods following a hike in the exchange rate by the Reserve Bank of Zimbabwe on Tu...Published: 26 Jun 2020 at 07:32hrs | 1485 | by Staff reporter
How RBZ, govt sabotaged plans to restore Zimdollar
UNITED States $75 allowances and allowing retailers to trade in forex show a government shifting into reverse gear, possibly ditching two years' worth of policy steps to end dollarisation.The ...Published: 26 Jun 2020 at 07:26hrs | 6362 | by Staff reporter
Minister Raj Modi's shop demands foreign currency...rejects Zimdollar and bond notes
The Bulawayo based Wholesale Centre Liquor Hub owned Deputy Minister of Industry and Commerce Rajeshkumar Indukant Modi is reportedly refusing to accept bond notes and local currency as a medium...Published: 25 Jun 2020 at 15:25hrs | 2399 | by Mandla Ndlovu
Zimdollar tumbles
THE Zimbabwe dollar shed nearly 79% of its value on the first day of being floated under a foreign currency auction system launched yesterday.At the close of the auction, the official exchange...Published: 24 Jun 2020 at 07:28hrs | 4385 | by Staff reporter
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