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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: 2 hrs ago | 94 | 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: 2 hrs ago | 130 | 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 | 192 | 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 | 351 | 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 | 410 | 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 | 13686 | 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 | 1117 | 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 | 3668 | 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 | 1528 | 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 | 10430 | 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 | 1247 | 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 | 2860 | 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 | 1287 | by Staff reporter
Zimdollar slides to $604.2 against US dollar
THE Reserve Bank of Zimbabwe (RBZ) has allotted a combined US$15, 625 million to the main and Small and Medium Enterprise (SMEs) foreign exchange platforms this week, a slight increase from last week'...Published: 14 Sep 2022 at 05:46hrs | 456 | by Staff reporter
American economist wants Zimbabwe to disband its central bank
AMERICAN economist Steve Hanke says the Reserve Bank of Zimbabwe (RBZ) needs to immediately be completely removed from all monetary matters, blaming the bank for all the inflationary problems facing t...Published: 07 Sep 2022 at 06:44hrs | 3441 | by Staff reporter
Zambia's Hichilema outshines Zimbabwe's Mnangagwa?
SINCE Zambian President Hakainde Hichilema came assumed power last year, he has achieved key performance indicators, especially on the exchange rate an indication of strong leadership and that people ...Published: 04 Sep 2022 at 15:16hrs | 9435 | by Staff reporter
CZI hails Zimdollar recovery
THE Confederation of Zimbabwe Industries (CZI) has backed the swift decline in monthly inflation alongside the recovery of the Zim$, saying the developments will go a long way in providing a strong ba...Published: 04 Sep 2022 at 07:57hrs | 1007 | 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 | 139 | 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 | 2802 | 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 | 2902 | 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 | 5636 | 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 | 713 | 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 | 1296 | 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 | 444 | 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 | 3149 | 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 | 757 | 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 | 771 | by Staff reporter
Zimdollar makes paper gains
The economy has largely stabilised, especially from late last month, as a result of aggressive measures by Government to rein in market indiscipline, and market watchers are confident the latest inter...Published: 14 Aug 2022 at 07:22hrs | 609 | by Staff reporter
Mnangagwa's broke govt rules out US dollar salaries
GOVERNMENT has cast doubt over the possibility of paying civil servants in US dollars as inflation continues to ravage salaries amid growing tensions and fears of unrest, The NewsHawks can report....Published: 10 Aug 2022 at 08:47hrs | 2673 | by Staff reporter
Zimbabwe's cash-rich govt suppliers fuel currency volatility
GOVERNMENT procurement and service providers - who include public works contractors and suppliers of goods and services - are destabilising the foreign exchange market by offloading part of their stag...Published: 10 Aug 2022 at 08:40hrs | 1227 | by Staff reporter
BCC offers domestic debtors 50% discount
BULAWAYO City Council (BCC) is now offering a 50% discount to domestic debtors and 30% to industrial debtors paying their bills in foreign currency.Councils began indexing rates in foreign cur...Published: 04 Aug 2022 at 06:46hrs | 838 | by Staff reporter
85% of gold coins sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) has revealed that 1 500 gold coins were sold by its agents during the first week of their release onto the market, signalling a strong demand for the yellow metal cu...Published: 02 Aug 2022 at 06:53hrs | 1628 | by Staff reporter
Huge appetite for Zimbabwe gold coins
ZIMBABWE'S central bank has registered an overwhelming uptake of the Mosi-oa-Tunya gold coin after local financial institutions, pension funds, insurance companies and individuals bought the bulk of t...Published: 31 Jul 2022 at 17:51hrs | 6116 | by Staff reporter
No joy in Mthuli Ncube's budget
CALLS by Zimbabwe's restive civil service for United States dollar salaries went unheeded by Finance minister Mthuli Ncube yesterday.Ncube doubled the national budget to $1,9 trillion as a res...Published: 29 Jul 2022 at 06:54hrs | 2994 | by Staff reporter
RBZ releases only 2 000 gold coins
THE Reserve Bank of Zimbabwe (RBZ) yesterday released 2 000 Mosi-oa-Tunya gold coins worth US$3,6 million onto the market and indicated that it would introduce smaller denominations to cater for the l...Published: 26 Jul 2022 at 06:40hrs | 2972 | by Staff reporter
Massive civil service strike looms in Zimbabwe
PRESIDENT Emmerson Mnangagwa's government is faced with a crippling job action from its restive civil servants, with public sector labour unions saying the authorities have ignored their pleas to effe...Published: 25 Jul 2022 at 07:58hrs | 1977 | by Staff reporter
Mthuli Ncube, Mangudya's unenviable task
I do not envy Finance and Economic Development Minister Professor Mthuli Ncube and the Reserve Bank of Zimbabwe Governor Dr John Mangudya.The two gentlemen must be having a torrid time....Published: 24 Jul 2022 at 09:59hrs | 279 | by Victoria Ruzvidzo
Zimdollar exam fees announced
THE Zimbabwe School Examinations Council (Zimsec) yesterday announced the local currency fees for the November public examinations."The exchange rate to be applied for ZWL payments will be $45...Published: 23 Jul 2022 at 07:30hrs | 358 | by Staff reporter
Zimsec exams registration begins
The registration window for the 2022 primary and secondary school examinations opened on Friday and will close on July 29, with exam fee payments being accepted in both foreign and local currency, the...Published: 23 Jul 2022 at 07:26hrs | 256 | by Staff reporter
Zimdollar official exchange rate breaches $400 mark as black market around $800
THE Reserve Bank of Zimbabwe (RBZ) official exchange rate has reached ZW$403,40 against the greenback in a development experts believe to be prompted by market forces.A trading update released...Published: 20 Jul 2022 at 08:23hrs | 4090 | by Staff reporter
Concern over Zimbabwe's gold coins
ONE of Zimbabwe's top asset managers, Zimnat Asset Management (Zimnat) has noted that the country's gold coins scheme is elitist and cannot present significant arbitrage profiteering opportunities in ...Published: 19 Jul 2022 at 06:12hrs | 1474 | by Staff reporter
US$ salary demands grow louder in Zimbabwe
DEMANDS for United States dollar (US$) salaries have increased across all sectors of the economy as a number of employees struggle to buy basic commodities now being charged in the greenback.M...Published: 18 Jul 2022 at 08:26hrs | 1349 | by Staff reporter
'Dark forces' sabotaging Zimdollar
INFORMATION and Publicity minister Monica Mutsvangwa yesterday alleged that currency woes afflicting Zimbabweans were the work of "dark forces".Addressing Harare Polytechnic journalism student...Published: 14 Jul 2022 at 07:35hrs | 1279 | by Staff reporter
Mutsvangwa grilled over propaganda
FINANCE minister Mthuli Ncube and the Reserve Bank have run out of ideas and are introducing complicated policies that continue to confuse and disadvantage the ordinary people while failing to address...Published: 12 Jul 2022 at 18:15hrs | 2688 | by Staff reporter
'Zimdollar at risk of complete rejection'
ZIMBABWE'S local currency is at "risk" of being shunned if runaway inflation isn't quelled, the country's largest business group said.Policy interventions implemented by authorities over the l...Published: 07 Jul 2022 at 08:22hrs | 2552 | by Staff reporter
Will gold coins ease the pain?
A SENATOR and economic analysts have dismissed government's new gold coins as elitist and told Finance minister Mthuli Ncube to sort out the country's financial mess.This is after Reserve Bank...Published: 07 Jul 2022 at 08:06hrs | 1111 | by Staff reporter
Zimdollar fuel prices up
THE Zimbabwe Energy Regulatory Authority (Zera) has announced a slight increase in local currency fuel prices while the foreign currency prices remain stable.The increase is effective from yes...Published: 06 Jul 2022 at 18:05hrs | 777 | by Staff reporter
Gold coins to be sold in Zimdollars
THE Reserve Bank of Zimbabwe (RBZ) says its planned gold coins, to be introduced as an alternative investment option and inflation hedge on July 25, will be traded in both Zimbabwe dollars and foreign...Published: 05 Jul 2022 at 07:03hrs | 1172 | by Staff reporter
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