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OK Zimbabwe says 70% of goods they sell are local
OK Zimbabwe, the country's biggest supermarket chain, says local goods still dominate its shelves despite the government opening up the borders to grocery imports.CEO Max Karombo says up to 70...Published: 29 Sep 2023 at 11:29hrs | 266 | by Staff reporter
RBZ increases US$ reserves thresholds to 15% to encourage Zimdollar usage
The Reserve Bank of Zimbabwe's Monetary Policy Committee (MPC) has increased the US$ Statutory reserve requirement to 15%, a move that experts suggest aims to encourage the use of the ZWL (Zimbabwean ...Published: 29 Sep 2023 at 06:34hrs | 684 | by Staff reporter
Cost of living rises as Zimdollar slips
The cost of living has surged by an additional 4.8% to reach ZWL$95,462.53 per person in September, driven by the ongoing depreciation of the Zimbabwean dollar against the US dollar. The count...Published: 29 Sep 2023 at 06:22hrs | 219 | by Staff reporter
Coltart blames Zimdollar for Bulawayo collapse
Bulawayo Mayo David Coltart has blamed the City's challenges on the continued use of th zimbabwean Dollar in the country. Posting on Twitter, Coltart said:...Published: 28 Sep 2023 at 10:48hrs | 1032 | by Mandla Ndlovu
Living a lie
IN our NewsDay edition yesterday, we carried two stories titled: Low civil servants wages a time bomb and Let the good time roll, let's enjoy: Mthuli.The two stories clearly highlighted the gl...Published: 20 Sep 2023 at 06:41hrs | 740 | by Staff reporter
Zimdollar losing grip after months of stability
Since the disputed general election held last month, the Zimbabwean dollar has been gradually depreciating on both the official and parallel forex markets. A day before the harmonized elections on Aug...Published: 17 Sep 2023 at 08:00hrs | 1154 | by Staff reporter
Zimdollar future hangs in the balance
IT is imperative for every successful and expanding economy in the world to have its own currency and monetary policy. I make that statement because it is important for all Zimbabweans to understand t...Published: 12 Sep 2023 at 06:33hrs | 1074 | by Eddie Cross
Zimdollar remains volatile
LOCAL financial service firm Fincent Securities Private Limited (Fincent) says the Zimbabwe dollar has lost significant value since the announcement of the disputed election results.From the e...Published: 10 Sep 2023 at 09:00hrs | 543 | by Staff reporter
Zimdollar firms, exchange premium widens
THE Confederation of Zimbabwe Industries (CZI) said this week the gap between the official and parallel market exchange rates widened to 41% last month as a result of stability in the official forex m...Published: 09 Sep 2023 at 08:51hrs | 830 | by Staff reporter
Zimbabwe govt maintains tight monetary, fiscal measures
GOVERNMENT yesterday said it would continue with the tight fiscal and monetary policy measures that include increasing the retention on domestic foreign currency sales to 100%, among others.Ac...Published: 08 Sep 2023 at 06:31hrs | 200 | by Staff reporter
Mnangagwa's defining moment
PRESIDENT Emmerson Mnangagwa is soon expected to appoint members of his Cabinet to drive his agenda for the next five years as Zimbabwe seeks to attain an upper middle-income economy status by 2030....Published: 08 Sep 2023 at 06:31hrs | 953 | by Staff reporter
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 653 | by Staff reporter
Time for action, Mr Mnangagwa
President Emmerson Mnangagwa began his second and final term yesterday with the daunting task of uniting the nation after a disputed poll which observers said did not meet regional and international b...Published: 05 Sep 2023 at 06:18hrs | 260 | by Staff reporter
'CCC to dump Zimdollar'
NELSON Chamisa's Citizens Coalition for Change (CCC) says it will promptly, albeit temporarily, dump the Zimbabwe dollar for the United States dollar if elected as the new government.Speaking ...Published: 22 Aug 2023 at 06:27hrs | 11 | by Stafff reporter
Why we must reject Zanu-PF
THE Zanu-PF government is not a listening administration. For the last 18 years, I provided the government with grounded policy advice, but all fell on deaf ears. Zanu-PF is so arrogant that in this 2...Published: 21 Aug 2023 at 06:39hrs | 7 | by Gift Mugano
Zimdollar depreciation scares Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube is concerned about the depreciation of the local currency against the greenback as he drafts the national budget for 2024, fearing Zimbabwe's fis...Published: 18 Aug 2023 at 18:10hrs | 102 | by Staff reporter
Next Zimbabwe President faces uphill task
ZIMBABWE is facing a host of pressing challenges that voters dearly want the next president to address. Persistently high inflation, elevated interest rates, and a slumping and volatile Zimbabwe dolla...Published: 17 Aug 2023 at 06:52hrs | 8 | by Jonathan Munemo
Nampak cashes in on Zimdollar scarcity
PACKAGING materials supplier Nampak Zimbabwe says it has benefited from improved United States dollar collections during the third quarter ended June 2023 on the back of constrained local currency liq...Published: 16 Aug 2023 at 06:48hrs | 5 | by Staff reporter
Vehicle owners demand US$ from Zec
OWNERS of vehicles hired by the Zimbabwe Electoral Commission (Zec) for various election-related tasks have lamented receiving payment in local currency at the interbank rate instead of United States ...Published: 14 Aug 2023 at 06:35hrs | 19 | by Staff reporter
Mthuli Ncube pleads with Zimbabweans to embrace Zimdollar
TREASURY boss Mthuli Ncube has pleaded with Zimbabweans to embrace the local currency for the country to achieve growth and stability objectives of National Development Strategy 1 economic blueprint....Published: 12 Aug 2023 at 07:53hrs | 5 | by Staff reporter
Zimbabwe workers scoff at reviewed tax threshold
WORKERS have scoffed at government's latest review of the tax-free threshold to $500 000 effective this month, saying there is nothing to celebrate when the majority are earning below that figure....Published: 11 Aug 2023 at 06:45hrs | 3 | by Staff reporter
Zimdollars rain at Chamisa's rally
OPPOSITION leader Nelson Chamisa made Sakubva Sports Oval rain with Zimdollar notes after declaring that once he is elected President, he will do away with the local currency, violence and centralisat...Published: 07 Aug 2023 at 06:42hrs | 7 | by Staff reporter
The difference between Mugabe and Mnangagwa
Based on pure analysis it can be argued that the difference between the late and former president of Zimbabwe Robert Mugabe and the incumbent and successor Emmerson Mnangagwa can be cited in the fact ...Published: 05 Aug 2023 at 22:22hrs | 4 | by Martin Stobart
Contractors abandon Zimbabwe road projects over payment delays
SOME construction companies have been forced to abandon road rehabilitation work in Bulawayo over payment delays.This is revealed in the latest council minutes under the Emergency Roads Rehabi...Published: 05 Aug 2023 at 19:30hrs | 9 | by Staff reporter
Shops cash in on Zimdollar change shortage
ZIMBABWE is currently battling a local currency liquidity crisis which has resulted in large retail shops failing to give change to consumers who buy goods in United States dollars (US$), NewsDay has ...Published: 01 Aug 2023 at 06:31hrs | 3 | by Staff reporter
Zimbabwe govt loses battle on the redollarisation of salaries
THE government has issued a circular allowing public entities to pay salaries and allowances partly in United States dollars, in a development that shows the state is losing the war of redollarisation...Published: 27 Jul 2023 at 20:31hrs | 6 | by Staff reporter
Chamisa says Zanu-PF has never loved Matebeleland
CITIZENS Coalition for Change (CCC) leader Nelson Chamisa has said Zanu-PF has never loved people of Matebeleland, but only wants to use them to retain power.Chamisa made the remarks at a dist...Published: 25 Jul 2023 at 06:52hrs | 3 | by Staff reporter
'If Zimdollar is abandoned markets and financial institutions will recover'
As the Zimbabwean dollar continues to battle for its survival under severe pressure from the United States dollar despite its recent recovery rally, John Legat, Imara Asset Management (Zimbabw...Published: 21 Jul 2023 at 07:56hrs | 3 | by Staff reporter
Zimdollar flips to best currency in the world?
The rebound, driven by new rules that require corporate taxes to be settled in the local currency, are seen easing inflation ahead of next month's general elections.In most countries, the curr...Published: 20 Jul 2023 at 17:27hrs | 3 | by Staff reporter
Zimdollar recovery diminishes telecommunications services providers' tariff hikes prospects
THE steady recovery of the ZW$ in recent weeks almost diminishes recent calls by mobile telecommunications services providers, making it difficult to ascertain where exactly to place the peg.T...Published: 20 Jul 2023 at 06:49hrs | | by Staff reporter
'US$400m facility won't stabilise Zimbabwe economy'
OLD Mutual Investment Group (OMIG) says the US$400 million funding secured by the government from the African Export-Import Bank (Afreximbank) is insufficient to restore stability to the local currenc...Published: 19 Jul 2023 at 06:43hrs | | by Staff reporter
Criminal law amendment will close loopholes, says Zanu-PF
The Criminal Law (Codification and Reform) Amendment Act, which was signed into law last Thursday by President Mnangagwa, closes loopholes that were previously taken advantage of by the country's erst...Published: 17 Jul 2023 at 06:52hrs | 2 | by Staff reporter
Brics+ plans gold-backed currency
WORLD countries coalescing under the banner of the Brics alliance which brings together Brazil, Russia, India, China, and South Africa are preparing to strike a blow against the United States dollar's...Published: 16 Jul 2023 at 13:53hrs | 4 | by Staff reporter
Zimbabwe pensioners protest over US$ allowances
PENSIONERS in Bulawayo yesterday protested at the National Social Security Authority (NSSA) offices demanding that their pensions be paid in United States dollars.NSSA authorities had to call ...Published: 14 Jul 2023 at 07:47hrs | 2 | by Staff reporter
Biti says pharmacy licence cancellation illegal
FORMER finance minister, Tendai Biti, says the suspension and cancellation of trading licences for pharmaceutical companies for flouting foreign exchange regulations is "blatantly illegal, puerile and...Published: 14 Jul 2023 at 07:45hrs | 5 | by Staff reporter
US$50 salary increase offer peanuts, says Zimbabwe teachers
UNIONS representing teachers yesterday said a government US$50 salary offer was a slap in the face given the country's high cost of living.During a post-Cabinet media briefing on Tuesday, Info...Published: 13 Jul 2023 at 07:02hrs | 3 | by Staff reporter
Zimbabwe economy now in hyperinflation, says CZI
THE Confederation of Zimbabwe Industries (CZI) says the country is now in hyperinflation citing the shooting up of the blended month-on-month rate by nearly 59 percentage points last month.Thi...Published: 06 Jul 2023 at 08:22hrs | 1 | by Staff reporter
Zimdollar demand soars
DEMAND for the Zimbabwean dollar continues to soar as more businesses and individuals seek to transact using the local currency, which has regained its lost value for the third consecutive time at the...Published: 05 Jul 2023 at 07:15hrs | 2 | by Staff reporter
Zimdollar remains the sole legal tender
THE Government has reiterated that the Zimbabwe dollar remains the sole legal tender and nothing can be billed exclusively in foreign currency without special exemption.This follows the contin...Published: 05 Jul 2023 at 07:14hrs | 4 | by Staff reporter
Zimdollar shortage hits market
A serious shortage of Zimbabwe dollar has hit the market on fiscal and monetary policy measures amid fears the crunch will affect aggregate demand.The liquidity squeeze follows recent me...Published: 30 Jun 2023 at 16:08hrs | | by Staff reporter
TelOne suffers US$7,4m loss
SATE-OWNED telecom firm, TelOne, says government's delay in paying its debt has caused a loss of US$7,4 million on its balance sheet as the local currency continues to depreciate.The Zimdollar...Published: 30 Jun 2023 at 14:31hrs | | by Staff reporter
Mthuli Ncube's bag of tricks running on empty
"FOOL me once, shame on you; fool me twice, shame on me."Basically, the famous English saying denotes that after being tricked once, one should learn from their experience and avoid being tric...Published: 29 Jun 2023 at 06:43hrs | | by Staff reporter
Zimdollar collapse a harbinger of worse things to come
THE Zimdollar this week recorded its biggest single day drop off since its reintroduction in June 2019 of 26% to $1 888,01, against the United States dollar on the official market.On the paral...Published: 29 Jun 2023 at 06:30hrs | 2 | by Staff reporter
Why Mnangagwa failed to improve Zim's economic prospects
IT is now more than five years since President Emmerson Mnangagwa assumed power with a mandate from his backers to improve the country's economic fortunes, the nemesis of his predecessor, Robert Gabri...Published: 29 Jun 2023 at 06:29hrs | 3 | by Martin Majaji
Zimdollar in first time gain on RBZ Auction
THE ZW$ value firmed up by 8,6% on the Reserve Bank of Zimbabwe Auction platform , signalling improved widespread usage of the local currency on the back of the economy's swift response to economic me...Published: 28 Jun 2023 at 20:27hrs | | by Staff reporter
Mnangagwa pledges economic revival as election campaign kicks off
Zimbabwean President Emmerson Mnangagwa vowed to do "what we can to remain in power", promising to revive an economy that has collapsed under his watch as he launched his bid for a second five-year te...Published: 26 Jun 2023 at 06:54hrs | 2 | by Staff reporter
Zimbabwe Presidential aspirant sues over rejected nomination
OPPOSITION United Zimbabwe Alliance (UZA) party leader Elisabeth Valerio has dragged the Zimbabwe Electoral Commission (Zec) to the Electoral Court challenging its decision to reject her bid to ...Published: 26 Jun 2023 at 06:49hrs | | by Staff reporter
Zimbabwe's mobile network operators now frequently adjusting tariffs
ZIMBABWE'S mobile network operators have reviewed their tariffs in local Zimdollar currency as the sector battles to offset rising costs and maintain operations in the face of inflationary pressures t...Published: 25 Jun 2023 at 18:22hrs | 2 | by Staff reporter
Mthuli Ncube remains mum as Zimdollar crashes
FINANCE minister Mthuli Ncube's failure to update the nation on the state of the economy, despite several calls by legislators, shows the typical arrogance associated with Zanu-PF leaders when confron...Published: 22 Jun 2023 at 08:44hrs | 3 | by Staff reporter
Telcos hikes Zimdollar tariffs
ZIMBABWE'S mobile network operators have reviewed their tariffs in Zimdollar as the sector battles to offset rising costs and maintain operations in the face of inflationary pressures triggered by the...Published: 22 Jun 2023 at 06:43hrs | | by Johannes Marisa
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