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'Flu bug not linked to coronavirus'
AS Zimbabwe is entering the Southern Hemisphere's colder winter months there is an increase in cases of flu but health authorities yesterday said the bug is not linked to the coronavirus.Howev...Published: 17 May 2022 at 06:33hrs | 252 | by Staff reporter
Mutsvangwa dreams of a stable Zimdollar
Zimbabwe's economy continues to grow despite illegal sanctions imposed on the country by the West and the nation is now being rallied to support President Mnangagwa's vision of stabilising the local c...Published: 17 May 2022 at 06:32hrs | 297 | by Staff reporter
Mnangagwa panicking over Zimdollar
President Emmerson Mnangagwa has been summoning business owners his government believes are manipulating the Zimbabwe dollar to fuel anger over his rule amid growing fears an economic implosion could ...Published: 15 May 2022 at 06:14hrs | 3720 | by Staff reporter
Zimdollar, US dollar use to stay
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has encouraged Zimbabweans to use both the Zimbabwe dollar and United States dollar as the country transitions towards adoption of a ...Published: 15 May 2022 at 06:12hrs | 670 | by Staff reporter
Banks: If gold rusts, what will iron do?
Native Commissioner Oates, I presume!LORD Jonathan Oates' ambition is becoming a latter-day colonial Native Commissioner.Too late chum, both by age and history! Still both don't deter ...Published: 14 May 2022 at 06:22hrs | 886 | by @Jamwanda2 on Saturday
Zimdollar worries industry
THE Confederation of Zimbabwe Industries (CZI) is having sleepless nights over an overvalued Zimbabwean dollar (Zimdollar), which is now undermining the scope for maximising structural efficiency and ...Published: 13 May 2022 at 19:09hrs | 169 | by Staff reporter
Legislators letting citizens down
IT is now clear that Zimbabwe's parliamentarians are not playing their role of fixing the mess in our country's financial sector. The Zimbabwean government has introduced several statutory instruments...Published: 13 May 2022 at 19:04hrs | 26 | by Engineer Jacob Kudzayi Mutisi
PTUZ appeals high exam fees
THE Progressive Teachers Union of Zimbabwe (PTUZ) has appealed to President Emmerson Mnangagwa to intervene and reduce the recently announced examination fees because the majority of learners cannot a...Published: 12 May 2022 at 06:29hrs | 262 | by Staff reporter
Dollar o'clock: Should Zimbabwe axe its faltering currency again?
IN early 2019, Zimbabwe's central bank announced plans to bring back the Zimbabwe dollar as legal tender after a decade of using the US dollar and seven other international currencies because raging h...Published: 11 May 2022 at 09:11hrs | 406 | by Staff reporter
'Mnangagwa's govt killing Zimdollar'
GOVERNMENT'S short-term financing mechanisms to fund its programmes are the major contributors to the depreciation of the local currency, the Zimbabwe National Chamber of Commerce (ZNCC) has noted....Published: 10 May 2022 at 07:46hrs | 907 | by Staff reporter
'Mnangagwa's Zimdollar measures show desperation'
THE latest measures by President Emmerson Mnangagwa to halt the sliding Zimdollar are an act of desperation and are not likely to work, analysts have said.Mnangagwa's measures include br...Published: 09 May 2022 at 07:09hrs | 1605 | by Staff reporter
Residents raise alarm over pole in road
BEITBRIDGE town residents have raised alarm following the construction of a road on an electricity line where one pole has been left in the middle of the road.In separate interviews, the resid...Published: 07 May 2022 at 06:18hrs | 656 | by Staff reporter
Zimbabwe's New Parliament building 100pc complete
WORK at the new Parliament building in Mount Hampden on the outskirts of Harare is now complete, with furnishings for offices and chambers done.Presently, what is outstanding are ancillary wor...Published: 07 May 2022 at 06:18hrs | 599 | by Staff reporter
Mutsvangwa claims Chinese investments will stabilise the Zimdollar
Zanu-PF spokesperson Christopher Mutsvangwa claims Chinese investments will help stabilise the Zimbabwean dollar and revive the economy.Speaking at a Medical and Dental Private Practitioners o...Published: 06 May 2022 at 06:57hrs | 2378 | by Staff reporter
Zimdollar under attack from saboteurs
THE sharp decline in the value of the Zimbabwean dollar is a result of a sustained onslaught on the currency by economic saboteurs, President Emmerson Mnangagwa's government has claimed.Respon...Published: 05 May 2022 at 18:43hrs | 639 | by Staff reporter
Zanu-PF blasts Newsday
The ruling Zanu-PF has blasted attempts by some fanatical private publications that have roped in known Government critic Norton Legislator Hon Temba Mliswa to undermine the name of the President....Published: 05 May 2022 at 18:42hrs | 838 | by Staff reporter
No plans to dump Zimdollar
FINANCE deputy minister Clemence Chiduwa yesterday said the government had no plans to dump the free-falling Zimbabwe dollar, adding that authorities would instead ramp up surveillance and penalise bu...Published: 05 May 2022 at 07:13hrs | 1804 | by Staff reporter
Zimdollar tanks against US dollar
THE Zimbabwean dollar further weakened against the United States dollar at the weekly forex auction system on Tuesday, trading at Z$165,99 to the green back.Last week, the local currency trade...Published: 04 May 2022 at 20:06hrs | 1965 | by Staff reporter
Mnangagwa to copy Putin's currency strategy
Zimbabwe's President Emmerson Mnangagwa is trying to emulate Russian President Vladimir Putin in his attempt to revive Africa's worst performing currency. Mnangagwa's administration may announ...Published: 03 May 2022 at 06:43hrs | 2914 | by Staff reporter
'Measures to defend Zimdollar soon'
Government will soon announce a raft of measures to stabilise and defend the Zimbabwe dollar against emerging inflationary pressures, some of which are unwarranted as the economy is relatively in good...Published: 01 May 2022 at 11:10hrs | 213 | by Staff reporter
'Zimdollar volatility makes no sense'
The Reserve Bank of Zimbabwe (RBZ) believes disproportionate demand for the US dollar and lingering fears of hyperinflation are driving exchange rate volatility, as the country's currency should ordin...Published: 01 May 2022 at 11:05hrs | 202 | by Staff reporter
Chamisa tells Mnangagwa to throw away the Zimdollar
OPPOSITION Citizens Coalition for Change (CCC) leader Nelson Chamisa yesterday told President Emmerson Mnangagwa to throw away the Zimbabwe dollar as a matter of urgency."Stop the auction syst...Published: 30 Apr 2022 at 16:25hrs | 800 | by Staff reporter
Retailers dump Zimdollar
RETAILERS in Harare have dumped the Zimbabwe dollar and are demanding payment in United States dollars for a number of basic goods such as cooking oil and dairy products.Some large wholesalers...Published: 28 Apr 2022 at 09:05hrs | 2247 | by Staff reporter
Zimbabweans won't flee South Africa to return home
"WHEN you see a rat running into a fire, then you know that what it is running away from is hotter than the fire." - African proverb. Zimbabweans, who are in their millions in South Africa - som...Published: 27 Apr 2022 at 13:41hrs | 1503 | by Staff reporter
John Mangudya and CZI kiss and make up
In its position paper on the sensitive issue leaked to the media on Friday, CZI called on the Reserve Bank of Zimbabwe (RBZ) to suspend the foreign currency auction system after the Zimdollar fell to ...Published: 27 Apr 2022 at 11:39hrs | 777 | by Mandla Ndlovu
CZI hits back at Mangundya over Zimdollar crisis
THE Confederation of Zimbabwe Industries (CZI) has hit back at Reserve Bank of Zimbabwe (RBZ) governor John Mangudya's suggestion that their position on the crumbling local currency was misinformed....Published: 25 Apr 2022 at 09:18hrs | 1426 | by Staff reporter
Zimdollar use no longer viable
ZIMBABWE'S largest business group has warned that the economy faces collapse if the government insists on foisting the rapidly weakening local currency on the market when it is obvious that it is no l...Published: 25 Apr 2022 at 09:04hrs | 1724 | by Staff reporter
Mnangagwa barking up wrong tree
PRESIDENT Emmerson Mnangagwa launched the first of a series of victory rallies in Epworth at the weekend, and is earmarked to cover the entire country to ostensibly thank those who voted for the rulin...Published: 25 Apr 2022 at 09:02hrs | 594 | by Staff reporter
Official dollarisation unlikely, says OM
DIVERSIFIED financial services group Old Mutual Investment believes an official dollarisation of the local economy is "unlikely in the near term" despite current factors pointing towards that directio...Published: 20 Apr 2022 at 08:09hrs | 700 | by Staff reporter
Mnangagwa dodges dying Zimdollar
PRESIDENT Emmerson Mnangagwa dodged the question of the struggling Zimbabwe dollar in his keynote address at the 42nd Independence Day commemorations in Bulawayo yesterday.The local currency i...Published: 19 Apr 2022 at 06:40hrs | 2699 | by Staff reporter
Blocked funds choke NMB
NMBZ Holdings Limited (NMB) registered US$13,4 million debt because of blocked funds with the central bank which it owes to various line of credit providers, it has been revealed.NMB's financi...Published: 18 Apr 2022 at 10:30hrs | 222 | by Staff reporter
Action, not rhetoric, Sir
DEAR President Emmerson MnangagwaYour Excellency, if truth be told, Zimbabwe ought not have been in a persistent vegetative state. She was the jewel of Africa at independence in 1980. Yet, eve...Published: 13 Apr 2022 at 06:41hrs | 379 | by Cyprian M Ndawana
Govt depts, ministries fail to account for $1,3bn
THE Auditor-General (AG) Mildred Chiri has decried continued failure to account for public funds by ministries and government departments, which resulted in more than $1,3 billion expenditure not bein...Published: 11 Apr 2022 at 06:34hrs | 169 | by Staff reporter
Zesa, Zesco struggle hits ZRA project
THE Zambezi River Authority (ZRA) is struggling to settle its US$144 million loan to finance the Kariba Dam Rehabilitation Project due to failure by Zesa Holdings and Zambia Electricity Supply Corpora...Published: 08 Apr 2022 at 12:10hrs | 262 | by Staff reporter
Printing $100 note an admission of failure
THE Reserve Bank of Zimbabwe (RBZ) this week announced that they will issue a new $100 bank note, amid fears that the bill could stoke inflation in an economy already battered by exchange rate volatil...Published: 08 Apr 2022 at 06:47hrs | 269 | by Staff reporter
Zimdollar continues to lose value against US$
THE official exchange rate at the forex auction system moved to US$1:$142,4 on Tuesday from US$1 to $138,2 last week.There is, however, a huge margin between the official exchange rate and the...Published: 31 Mar 2022 at 08:48hrs | 514 | by Staff reporter
By-election winners, losers must work jointly
Results for most of the by-elections for 28 National Assembly seats and 105 local authority seats, mostly in city councils and municipalities, will be announced today and only 133 candidates are going...Published: 27 Mar 2022 at 07:28hrs | 168 | by Staff reporter
More Zimdollar fuel on the way
Government is setting up a separate foreign currency allocation platform for petroleum companies that sell fuel using the Zimbabwe dollar to increase the number of outlets doing so.Finance and...Published: 27 Mar 2022 at 07:28hrs | 133 | by Staff reporter
Zimdollar in worst freefall on auction
THIS week the Zimbabwean dollar (Zimdollar) dropped by yet another noteworthy margin against the greenback, on the auction market.The Zimdollar has lost value in each of the 10 trading weeks s...Published: 25 Mar 2022 at 17:57hrs | 484 | by Respect Gwenzi
Mthuli Ncube's economic projections unrealistic
ECONOMIC analysts have dismissed Finance minister Mthuli Ncube's inflation and economic growth forecasts as unrealistic as they did not factor in the rising global oil crisis and the country's gallopi...Published: 25 Mar 2022 at 06:03hrs | 102 | by Staff reporter
Govt must implement economic reforms
IN 2017, Finance and Economic Development minister Mthuli Ncube, Reserve Bank of Zimbabwe governor John Mangudya and the Zanu-PF government lied to the people, saying the bond note was at par with the...Published: 21 Mar 2022 at 06:39hrs | 136 | by Staff reporter
People have lost confidence in Zimdollar, says Minister
GOVERNMENT has all but admitted that Zimbabweans have lost confidence in the local currency, saying it was aware people were trooping to the black market to buy foreign currency to avoid a repeat of 2...Published: 19 Mar 2022 at 06:48hrs | 714 | by Staff reporter
Currency: The long road of pain awaiting Zimbabwe
IN June 2019, the Zimbabwe dollar was officially reintroduced as the main legal tender for domestic transactions in the country amid scepticism from the general public concerning its sustainability. T...Published: 17 Mar 2022 at 05:49hrs | 1165 | by Staff reporter
Who is benefiting from Zimbabwe's crazy fuel price hikes?
THE government is at it again, making the lives of Zimbabweans unbearable and the country nearly unlivable due to high fuel prices. And the worst is yet to come, after the Zimbabwe Energy Regulatory A...Published: 10 Mar 2022 at 06:11hrs | 1095 | by Staff reporter
Park your cars, use Zupco if you can't afford fuel, says Soda Zhemu
THE government yesterday said Zimbabweans must use public transporter, Zupco to escape high fuel prices after announcing another hike and warning of weekly increases.Yesterday, the Zimbabwe En...Published: 10 Mar 2022 at 06:10hrs | 847 | by Staff reporter
'Schweppes selling mostly in Zimdollars'
Beverages maker, Schweppes Zimbabwe, says the bulk of its domestic market sales are being conducted in local currency while US dollars constitute only a small portion.Chief executive Mr Charle...Published: 08 Mar 2022 at 05:39hrs | 113 | by Staff reporter
Council to decommission Umzingwane Dam
Bulawayo City Council (BCC) has said it will decommission Umzingwane Dam tomorrow due to low inflows into the reservoir.Another dam, Upper Ncema is expected to be decommissioned in July....Published: 05 Mar 2022 at 08:14hrs | 92 | by Staff reporter
'No US dollar comeback'
Government will not re-dollarise the economy because it's not possible to grow it riding on other economies currencies, Finance and Economic Development Minister, Professor Mthuli Ncube said yesterday...Published: 05 Mar 2022 at 08:14hrs | 324 | by Staff reporter
ZCTU will lobby for US dollar salaries
FLORENCE TARUVINGA (FT), broke the glass ceiling when she was elected Zimbabwe Congress of Trade Unions (ZCTU) president in October, beating Peter Mutasa after polling 73 votes to his 59, thereby beco...Published: 04 Mar 2022 at 06:35hrs | 1108 | by Staff reporter
Zimdollar retreats again
THE Zimbabwe dollar has again weakened against the United States dollar at the weekly forex auction system on Tuesday where it traded at US$1: $127,3. Last week, the local currency traded at $...Published: 03 Mar 2022 at 05:41hrs | 844 | by Staff reporter
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