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Tougher times ahead: Govt
FOREIGN Affairs minister Sibusiso Moyo says Zimbabweans should brace for three more years of hardship as government implements austerity measures to stabilise the economy, but workers warned of protes...Published: 15 hrs ago | 2379 | by Staff reporter
Govt shilly-shallying threatening Zimdollar sustainability
ON June 24, through Statutory Instrument 142 of 2019, government boldly declared "the Zimbabwe dollar… the sole legal tender in Zimbabwe in all transactions". But worryingly, and curiously, the same...Published: 22 Jul 2019 at 08:16hrs | 633 | by Staff reporter
Zimbabwe police cells; chambers of torture
WHEN a suspected thief, on a bad day, is caught by ordinary citizens, it is common that the person will be beaten and sometimes left-for-dead.The public reaction speaks to lack of knowledge th...Published: 20 Jul 2019 at 14:29hrs | 1639 | by Staff reporter
'Zimdollar return will yield stability'
CLOTHING retailer, Edgars Stores Limited, expects the re-adoption of the Zimbabwean dollar as the sole currency of exchange to bring stability in the country's economy.The group has said its y...Published: 18 Jul 2019 at 09:30hrs | 3067 | by Staff reporter
Mthuli Ncube told to resign
MDC Treasurer General David Coltart has urged Finance and Economic Development Minister Mthuli Ncube to resign from his post before he dents his credibility by implanting policies that he does not bel...Published: 17 Jul 2019 at 12:50hrs | 19095 | by Mandla Ndlovu
Exchange rate upward pressure on
Exchange rate upward pressure onTHERE were signs this week that the grey market was slowly returning from its brief sabbatical following the monetary policy dawn raid of June 24 that called out th...Published: 12 Jul 2019 at 08:51hrs | 5044 | by Brett Chulu
Unexplained wealth orders here to stay
THE proposed introduction of a free-standing procedure which compels an individual to explain the source of his wealth is a radical development in English law. For instance, the human rights and polit...Published: 12 Jul 2019 at 08:03hrs | 355 | by Prosper Simbarashe Maguchu
'Mugabe coup announcer' sets record straight on Zimdollar
Government insists that the ban on the use of multiple currencies will remain in place as it seeks to lower the cost of doing business and get the economy functioning again after decades of uncompetit...Published: 11 Jul 2019 at 07:16hrs | 2523 | by Staff reporter
Government sets record straight on Zimdollar
Government insists that the ban on the use of multiple currencies will remain in place as it seeks to lower the cost of doing business and get the economy functioning again after decades of uncompetit...Published: 11 Jul 2019 at 07:07hrs | 4550 | by Staff Reporter
Crucifying 'Wiwa' for a mere political rhetoric: A countenance of the Devil
While we mutually admonish instigators of anarchy, despondency, divisiveness and secessionism we loudly criticize an all-out war on the deputy chairperson of MDC-Alliance over an address at a politica...Published: 10 Jul 2019 at 18:41hrs | 1323 | by Benny Gudo
Matebeleland South teachers call for strike
EMBATTLED teachers in Insiza district, Matebeleland South, have called on their union, the Amalgamated Rural Teachers Union of Zimbabwe, to urgently organise a strike over their deteriorating working ...Published: 10 Jul 2019 at 08:07hrs | 1197 | by Staff reporter
Why Mthuli Ncube fast-tracked Zimdollar return plans
Zimbabwe re-introduced its local currency earlier than scheduled because the market was rapidly re-dollarizing, putting more pressure on the government, finance minister Mthuli Ncube said Monday....Published: 09 Jul 2019 at 17:59hrs | 5449 | by Xinhua
Gweru rejects $200k roads plan
GWERU city fathers have rejected a deal put forward by the local authority's management to channel over $200 000 from its coffers to pay a private company to complete rehabilitation of roads in the de...Published: 09 Jul 2019 at 07:31hrs | 1067 | by Staff reporter
'Zimdollar must be backed by production'
THE newly introduced Zimbabwe dollar should be backed by production to maintain value against major currencies and sustain strong economic activity in the country, economist, Dr Gift Mugano, has said....Published: 09 Jul 2019 at 07:24hrs | 669 | by Staff reporter
Chamisa's MDC to overthrow Mnangagwa govt before 2023
THE opposition MDC says it is going to overthrow President Emmerson Mnangagwa before his term of office expires in 2023.At a rally in Bikita, Masvingo province on Saturday as the main oppositi...Published: 08 Jul 2019 at 08:03hrs | 5023 | by Staff reporter
Fresh Zimdollar headache for govt
The government's decision to reintroduce the local currency faces a serious test after a third person filed a High Court application challenging President Emmerson Mnangagwa's use of presidential powe...Published: 07 Jul 2019 at 21:34hrs | 4167 | by Staff reporter
Mixed feelings over Zimdollar return
The move was bold, and many did not see it coming.In a bid to defend the new and fledgling Zimbabwean dollar against black market speculation, the country's Finance minister on June 25 outlawe...Published: 07 Jul 2019 at 21:19hrs | 354 | by Al Jazeera
Zimbabwe dollar strengthens in parallel market
For Zimbabwe President Emmerson Mnangagwa, the re-introduction of the country's currency after a decade of US dollar dominance marks a return to normalcy.To many others, however, it heralded u...Published: 06 Jul 2019 at 10:32hrs | 6875 | by The East African
'Forex use not banned or criminalised'
LEGAL think-tank Veritas says the use of foreign currency has not been banned or criminalised through Statutory Instrument 142 of 2009, which introduced the return of the Zimbabwean dollar and its use...Published: 06 Jul 2019 at 10:08hrs | 1315 | by Staff reporter
Fresh headache for Mnangagwa
President Emmerson Mnangagwa's recently enacted economic measures will be tested next week when government workers meet to decide the salary threshold they should demand from their employer following ...Published: 05 Jul 2019 at 12:34hrs | 5389 | by Staff reporter
ZCTU can do better than demonstrate for redollarisation
No good deed goes unpunished.Normally, the doer of a good deed expects just a "thank you", but usually someone is adversely affected by the good deed. For example, saving someone's life from a...Published: 05 Jul 2019 at 08:10hrs | 679 | by Conway Tutani
Giving Mthuli Ncube's mono-currency a fighting chance
It is July 1, 1916, World War 1, the Battle of the Somme. The British Army had been planning for weeks and months for a massive assault on German positions dug in around Somme, to relieve pressure on ...Published: 04 Jul 2019 at 18:46hrs | 3999 | by Joseph Mverecha
Dictatorship clearly anachronistic
The propensity by President Emmerson Mnangagwa to dictatorial tendencies is probably the biggest drawback to his well-intentioned efforts to reform the country's economy, which has been in a tailspin ...Published: 04 Jul 2019 at 08:57hrs | 530 | by Staff reporter
RBZ seeks international recognition for Zimdollar
The Reserve Bank of Zimbabwe (RBZ) says it has written to international exchanges requesting them to officially recognise the Zimbabwe dollar as a tradeable currency.The reintroduction of the ...Published: 04 Jul 2019 at 08:28hrs | 2533 | by Staff reporter
Chamisa now desperate to be in government
MDC vice president Tendai Biti has said it's high time his party's leader Nelson Chamisa and president Emmerson Mnangagwa find one another politically, as a way of ensuring a soft-landing for the coun...Published: 03 Jul 2019 at 08:59hrs | 10959 | by Staff reporter
Chamisa tells Mnangagwa to 'come down your high horse of arrogance'
MDC leader Nelson Chamisa says President Emmerson Mnangagwa needs the opposition's contribution to successfully address the economic challenges facing the country.Chamisa yesterday toured the ...Published: 03 Jul 2019 at 08:49hrs | 3714 | by Staff reporter
The new Zimdollar: What could go wrong?
ZIMBABWE last week made its interim currency, the RTGS dollar, the country's sole legal tender, drawing the curtains on a decade of United States dollar dominance. Harare was forced to abandon its own...Published: 03 Jul 2019 at 08:43hrs | 2105 | by Ed Stoddard
Mnangagwa threatens profiteering businesses
President Emmerson Mnangagwa has threatened to come down hard on shops that are refusing to slash prices after his government last week dumped the decade-old multi-currency system and re-introduced th...Published: 03 Jul 2019 at 08:42hrs | 1565 | by Staff reporter
Chamisa will not allow Mnangagwa to stay up to 2023
Zimbabwe's economic crisis has potential to breed instability in the country and needs urgent redress, opposition leader Nelson Chamisa has said.Chamisa, mandated by the MDC congress in May to...Published: 02 Jul 2019 at 08:33hrs | 3406 | by Staff reporter
Zimbabwe to print $400 million bond notes
ZIMBABWE will print ZWL$400 million bond notes which it says will be drip-fed into the economy to cover the gap left after government banned the use of multi-currencies in local transactions.T...Published: 02 Jul 2019 at 08:32hrs | 4469 | by Staff reporter
Zimbabwe - Where did that come from?
Statutory Instrument 142 - Monday June 24, 2019 will go down as one of those days you remember.I have just read the Zimbabwe Independent for this week, it was all about the "return of the Zimb...Published: 02 Jul 2019 at 08:27hrs | 3602 | by Eddie Cross
Measures in place to preserve Zimbabwe dollar value
Finance and Economic Development Minister Professor Mthuli Ncube says authorities have instituted measures that will ensure that the local currency will not suffer previous depredations, following the...Published: 02 Jul 2019 at 08:10hrs | 830 | by Staff reporter
Mnangagwa's govt to enforce SI-142 compliance
Zimbabwe's monetary and fiscal authorities have put in place measures to ensure enforcement of Statutory Instrument 142 of 2019, which effectively ended the multi-currency system and determined the "Z...Published: 02 Jul 2019 at 08:07hrs | 747 | by Staff reporter
Zimdollar: Only way out
Having gathered the courage to debunk the deeply held view that once dollarised, it is extremely difficult for a country to de-dollarise, Professor Mthuli Ncube's biggest challenge is to now prove to ...Published: 30 Jun 2019 at 09:32hrs | 4544 | by Persistence Gwanyanya
Policy uncertainty disrupts investors
THAT President Emmerson Mnangagwa and his Finance minister Mthuli Ncube are trying and well-meaning is not in doubt. Even their trenchant critics and cynics would agree they are making the right noise...Published: 30 Jun 2019 at 09:08hrs | 235 | by Zimind Comment
De-dollarisation fraught with risk
LATIN American countries such as Bolivia and Peru - like Zimbabwe did this week - once embarked on de-dollarisation without macro-economic stability and other necessary conditions, with the process en...Published: 30 Jun 2019 at 09:06hrs | 483 | by Staff reporter
Introduction of Zimdollar to sink economy, say analysts
THE decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency's value may tumble...Published: 30 Jun 2019 at 09:05hrs | 804 | by Staff reporter
Zimdollar return: Financial engineering not the answer
If the Reserve Bank of Zimbabwe (RBZ) was a ship it would be the Titanic, sailing with the patronage of a well-heeled elite with privileged access to the life boats towards a deadly iceberg.Th...Published: 30 Jun 2019 at 09:04hrs | 332 | by Sipho Malunga
Back to 2008 as Zimdollar returns
FOR President Emmerson Mnangagwa's government, the re-introduction of the national currency a decade after its demise is a return to "normalcy".For most of the country's citizens, it's a bitte...Published: 29 Jun 2019 at 16:47hrs | 1938 | by Bloomberg
Zimdollar comeback divides civil servants
THE reintroduction of the Zimbabwe dollar as the sole legal tender has widened divisions within the civil service, particularly teachers, who are now accusing each other of colluding with government t...Published: 28 Jun 2019 at 06:28hrs | 7191 | by Staff reporter
It's up to us to make Zimdollar work
The record needs to be set straight that Finance minister Mthuli Ncube has done nothing outrageous and/or unprecedented by banning the use of foreign currencies in domestic transactions.Accord...Published: 28 Jun 2019 at 06:25hrs | 2057 | by Conway Tutani
Zimbabwe's new currency: What does it all mean?
FEW things fill a Zimbabwean with fear and dread more than the word "Zimdollar". So, it was no surprise that the news Zimbabwe had declared the RTGS the sole local currency, one more step in the count...Published: 28 Jun 2019 at 06:22hrs | 979 | by newZWire
Zimdollar given 5-day ultimatum
THE National Tripartite Negotiating Forum (TNF) has given government up to Tuesday next week to withdraw Statutory Instrument 142/2019, which banned the use of multi-currency and reintroduced the Zimb...Published: 27 Jun 2019 at 06:41hrs | 5051 | by Staff reporter
International remittances recipients to get forex
Recipients of international remittances will continue receiving money in hard currency following the abolishment of multi-currency system or can be paid in local currency at a prevailing official exch...Published: 27 Jun 2019 at 06:35hrs | 615 | by Staff reporter
Mthuli Ncube mops up $190m local liquidity to support Zimdollar
Zimbabwe is looking to mop up as much as ZWL1.2 billion from the local market by the end of this week through direct transfer of balances from local finance institutions to the central bank while also...Published: 26 Jun 2019 at 19:34hrs | 4243 | by Staff reporter
MDC to ramp up pressure on Mnangagwa
MAIN opposition MDC yesterday said it would be upping the ante against the Zanu-PF-led government both on the foreign and local fronts to ensure that Zimbabwe gets out of the current political problem...Published: 26 Jun 2019 at 16:36hrs | 1399 | by Staff reporter
Mthuli Ncube's currency move triggers chaos
GOVERNMENT's Monday move to dump its basket of foreign currencies, opting to use its own currency in local transactions, triggered chaos on the market yesterday, with some retailers closing shop for t...Published: 26 Jun 2019 at 16:35hrs | 4455 | by Staff reporter
Scrapping of multi-currency regime: The implications
ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system.Further measures announced include the intend...Published: 26 Jun 2019 at 07:32hrs | 3071 | by Respect Gwenzi
Tendai Biti claims abandonment of the multi-currency system is illegal
FORMER Finance Minister and legislator Tendai Biti has described the abandonment of the multi-currency system by government as a disaster while urging its reversal.The MDC MP for Harare East w...Published: 26 Jun 2019 at 07:31hrs | 3973 | by newzimbabwe
Zimbabwe recent economic developments
The central government deficit stabilized starting in September 2018, and turned into a surplus in the first 4 months of 2019...Published: 25 Jun 2019 at 22:22hrs | 3780 | by Staff reporter
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