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Mthuli Ncube's 2020 budget headache
Parliament says structuring next year's budget presents a serious headache as the imploding economy continues to be saddled by runaway inflation and skyrocketing prices stemming from currency volatili...Published: 22 Oct 2019 at 07:19hrs | 2654 | by Staff reporter
Biti gives Zimbabwe 6 months to collapse
MDC Alliance vice president Tendai Biti has given Zimbabwe six months to collapse owing to the run away inflation in the country that has seen prices of g...Published: 18 Oct 2019 at 16:40hrs | 5575 | by Staff Reporter
Zimbabwe's month-on-month inflation slows
ZIMBABWE's month-on-month inflation rate decelerated by 0,35 percentage points in September to 17,72% from 18,07% in August, the statistics agency has revealed.Treasury barred the publication ...Published: 16 Oct 2019 at 07:22hrs | 486 | by Staff reporter
Trade deficit narrows by 63%
ZIMBABWE'S trade deficit narrowed by 63% to US$644 million between February and August this year compared to the same period last year, due to shortages of foreign currency for imports.Figures...Published: 15 Oct 2019 at 06:51hrs | 699 | by Staff reporter
Mthuli Ncube taken to court over inflation figures
FINANCE minister Mthuli Ncube (pictured) has been dragged to the High Court by National Social Security Authority (Nssa) employees who, in conjunction with members of the Zimbabwe Pension and Insuranc...Published: 11 Oct 2019 at 07:10hrs | 2540 | by Staff reporter
Bulawayo population projected to reach 2 million
BULAWAYO'S population is projected to more than treble to about two million by 2034 from the 600 000 that was recorded in the 2012 national census with the informal sector to continue as one of the ci...Published: 10 Oct 2019 at 08:08hrs | 2214 | by Staff reporter
Mthuli Ncube faces 2020 Budget headache
FINANCE minister Mthuli Ncube faces a daunting task of structuring the 2020 National Budget in the wake of spiralling inflation now reportedly the highest in the world.Felix Mhona, the chairpe...Published: 04 Oct 2019 at 07:27hrs | 151 | by Staff reporter
Zimbabwe has the highest inflation rate in the world @ 300%
Annual inflation in Zimbabwe was 300 percent in August, according to new data released by the International Monetary Fund (IMF). At that level, the troubled southern African nation's inflation rate is...Published: 27 Sep 2019 at 08:41hrs | 998 | by Al Jazeera
Poverty datum line jumps 13 percent
Zimbabwe's poverty datum line (PDL) was $1 827 in August, having jumped 13 percent the previous month as the cost of living continues to rise, latest data shows. According to the Zimbabwe Nati...Published: 25 Sep 2019 at 06:39hrs | 296 | by Staff reporter
Zimbabwe poverty datum line rises to $1 600
ZIMBABWE'S poverty datum line (PDL) for an average family of five jumped 15,18 percent to ZWL$1 617 in July this year, up from ZWL$1 404 the previous month as the cost of living continues to rise on t...Published: 23 Sep 2019 at 06:03hrs | 238 | by Staffg reporter
Zimbabwe's cost of living skyrockets
An average Zimbabwean family now spends at least $1 617 on food and non-food items a month, a 15,18% increase from the July, the national statistics agency has revealed.According to the Zimbab...Published: 22 Sep 2019 at 09:32hrs | 2708 | by Staff reporte
Tax free threshold increased
GOVERNMENT has extended a huge lifeline to employees after increasing the tax-free threshold to $3 500 with effect from August 1, 2019, in order to improve disposable incomes in the face of price incr...Published: 20 Sep 2019 at 06:43hrs | 1138 | by Staff reporter
Zimbabwe inflation 'slows' again
The month-on-month inflation rate for August 2019 slowed to 18,07 percent after shedding 2,97 percentage points on July's 21,04 percent. According to the Zimbabwe National Statistics Agency, (...Published: 17 Sep 2019 at 07:24hrs | 293 | by Staff reporter
Zimbabweans now living in extreme poverty as economy declines
With Zimbabwe's economy all but confirmed to contract by at least 8% in the year 2019, households are feeling the heat as poverty levels surge at alarming levels. Zimbabwe's last recession cycle occur...Published: 14 Sep 2019 at 19:32hrs | 1318 | by Victor Bhoroma
Is Harare really like Tripoli without war?
ACCORDING to the recently released The Global Liveability Index 2019 by the Economist Intelligence Unit (EIU), Harare ranks 134 out of 140 cities around the world in terms of liveability, faring only ...Published: 13 Sep 2019 at 06:42hrs | 1364 | by Staff reporter
Trade deficit narrows 62%
ZIMBABWE recorded a trade deficit of $605 million between February and July this year, down 62% compared to the same period last year.Figures released by the Zimbabwe Statistics Agency (ZimSta...Published: 28 Aug 2019 at 07:46hrs | 328 | by Staff reporter
ZB fears inflation-induced balance sheet contraction
LISTED financial services group, ZB Financial Holdings, has raised fears over balance sheet contraction on the back of rising inflationary pressures. Although the group's total income increase...Published: 28 Aug 2019 at 07:29hrs | 140 | by Staff reporter
'More Zimbabwean families survive on diaspora remittances'
THE majority of poverty-stricken Zimbabwean families are now heavily dependent on diaspora remittances for their upkeep as the economy continues on a nosedive, with the value of the local currency fai...Published: 22 Aug 2019 at 07:47hrs | 635 | by Staff reporter
Monthly inflation drops: ZimStat
ZIMBABWE's month-on-month inflation for July slid 18.22 percentage points to 21.04 percent showing a slowdown in increases in the prices of goods and services. In June, month-on-month inflation stood ...Published: 22 Aug 2019 at 07:35hrs | 361 | by Staff reporter
Inflation: Ncube sticks to his guns
Finance minister Mthuli Ncube has rejected calls to reverse the decision to stop reporting year-on-year inflation, saying the move will not impact negatively on the economy as suggested by some econom...Published: 11 Aug 2019 at 11:35hrs | 1593 | by Staff reporter
To publish or not to?
It’s common cause that if you choose not to tell your own story, someone will do it for you and sell to the whole world that which he wants it to believe about you, which leaves you at high risk of ...Published: 11 Aug 2019 at 07:25hrs | 1004 | by Persistence Gwanyanya
Mthuli Ncube doing the right things as Zimbabwe's trade deficit contracts by 60%
ZIMBABWE'S trade deficit contracted by 60% to $542, 3 million between February and June this year due to foreign currency shortages for imports as well as a drop in the budget deficit.Trade fi...Published: 09 Aug 2019 at 07:38hrs | | by Staff reporter
Biti tears into Mthuli Ncube's 'lipstick and mascara'
HARARE East MP Tendai Biti yesterday tore into Finance minister Mthuli Ncube's 2019 supplementary budget, describing it as a big fraud and misrepresentation of the true state of the economy.He...Published: 07 Aug 2019 at 17:03hrs | 7511 | by Staff reporter
'Zimbabwe on precipice of conflict'
HUMAN rights watchdog, Zimbabwe Peace Project (ZPP) says Zimbabwe is on the brink of conflict brought on by escalating economic problems that came after the ban of the multi-currency system.In...Published: 07 Aug 2019 at 09:30hrs | 1200 | by Staff reporter
Mthuli Ncube defends decision to suspend annual inflation reporting
Finance and Economic Development Minister Mthuli Ncube has defended his decision to blackout publication of year-on-year inflation statistics for the next six months, saying continuing to do so does n...Published: 06 Aug 2019 at 07:25hrs | 1205 | by Staff reporter
Overfed, unconcerned and arrogant - Zimbabwe's politicians have broken away from the people
Saying all kinds of niceties and delivering nothing. These seem to be the most notable, if not the best traits of a politician. Particularly the Zimbabwean politician. It is not because they lack the ...Published: 04 Aug 2019 at 21:03hrs | | by Mandla Tshuma
Mthuli Ncube in tough balancing act
FINANCE minister Mthuli Ncube will find it difficult to balance the books during the last half of the year after he unveiled a supplementary budget envisaging huge spending on agriculture, analysts ha...Published: 04 Aug 2019 at 14:13hrs | 694 | by Staff reporter
Mthuli Ncube widens tax-free threshold
Finance and Economic Development Minister Professor Mthuli Ncube has reviewed upwards the tax-free threshold by 100 percent from $350 to $700, with immediate effect, in an effort to increase workers' ...Published: 03 Aug 2019 at 09:32hrs | | by Staff reporter
Zimbabwe inflation calculation deferred till 2020
ZIMBABWE has suspended calculation and publication of annual inflation rates until February next year to rebase consumer prices indices, after reintroducing local currency, to ensure that the data ref...Published: 02 Aug 2019 at 08:17hrs | 1714 | by Staff reporter
Mhondoro-Ngezi Shadow MP eases the struggles of old people
At a time in Zimbabwe's electoral cycle, when elected officials forget those that voted them into political office and concentrate on fattening their own welfare, shadow Mhondoro-Ngezi Member of Parli...Published: 29 Jul 2019 at 15:14hrs | 1584 | by Own Correspondent
Malema hits back at Mnangagwa
The souring life of Zimbabweans in Zimbabwe is becoming unbearable as each day progresses. With food inflation hovering just beneath the 200 percent mark urgency is needed to alleviate the pandemonium...Published: 29 Jul 2019 at 08:23hrs | 26489 | by Daniel Itai
The reality of stagflation in Zimbabwe
The current fiscal year is turning out to be a challenging year for the Zimbabwean economy. The country is experiencing all the features of economic decline from a recession, high unemployment rate, d...Published: 20 Jul 2019 at 19:31hrs | 2468 | by Victor Bhoroma
'Dollarisation failed to create jobs in Zimbabwe'
While Zimbabwe registered remarkable economic growth during the multi-currency era, the period dismally failed to generate significant formal jobs, research findings 5released by the Reserve Bank of Z...Published: 12 Jul 2019 at 18:57hrs | | by Staf reporter
Zimbabwe trade deficit narrows by 71%
ZIMBABWE'S trade deficit narrowed by 71% to $325 million between February and May this year, with analysts attributing the decline to foreign currency shortages as well as a drop in the budget deficit...Published: 11 Jul 2019 at 07:24hrs | 330 | by Staff reporter
Zimbabwe can't pay for imports, narrows trade deficit
Zimbabwe's trade deficit has narrowed to $332m for the five months to May as the southern African country battles to pay for key imports such as electricity and fuel. According to latest figur...Published: 10 Jul 2019 at 21:47hrs | | by Staff reporter
Chasi turns to renewable energy
Energy minister Fortune Chasi has called on players in the private sector to collaborate with the government and invest in renewable energy to offset the power deficit in the country.Chasi's c...Published: 04 Jul 2019 at 08:39hrs | | by Staff reporter
RBZ hikes interest rate to 50%
THE Reserve Bank of Zimbabwe (RBZ) has increased the interest rate on its overnight window to 50 percent per annum from 15 percent in a bid to tame inflationary pressures alongside other measures mean...Published: 26 Jun 2019 at 07:10hrs | 1242 | by Staff reporter
Mthuli Ncube announces key appointments at four parastatals
Finance and Economic Development Minister, Professor Mthuli Ncube has announced key appointments at four parastatals falling under his portfolio.The Minister announced the appointment of new b...Published: 23 Jun 2019 at 11:03hrs | 7308 | by Staff Reporter
Zimbabwe has an artisan shortage, here is how to fix it
ACCORDING to Zimstat, Zimbabwe had 93 714 university students as at August 2017, but only 25 952 polytechnic students. Harare, Zimbabwe's capital city, has six universities, but only one polytechnic....Published: 18 Jun 2019 at 08:06hrs | 1155 | by Jacob Kudzayi Mutisi
Zimbabwe's inflation races to 97.85%
Zimbabwe's annual inflation raced to 97.85 percent in May from 75.86 percent the previous month, the national statistics agency Zimstats said on Monday.Month-on-month, prices rose 12.54 percen...Published: 17 Jun 2019 at 19:07hrs | 870 | by Staff reporter
Let's resolve politics first
THE economic crisis continues to deepen with rising inflationary pressures, worsening shortages of foreign currency, electricity and fuel, amid a widening gap between the official and unofficial excha...Published: 31 May 2019 at 08:05hrs | | by Prosper Chitambara
The Army is coming after you Mr. President, just like what happened to Omar al-Bashir in Sudan
The trigger for the demonstrations that brought the downfall of President Omar al-Bashir in April was the trebling of the price of bread last December. It came after a devaluation of the Sudanese poun...Published: 18 May 2019 at 08:52hrs | | by Knowledge Hakata
The Army is coming after you Mr. President, just like what happened to Omar al-Bashir in Sudan
The trigger for the demonstrations that brought the downfall of President Omar al-Bashir in April was the trebling of the price of bread last December. It came after a devaluation of the Sudanese poun...Published: 18 May 2019 at 08:29hrs | | by Knowledge Hakata
Zimbabwe inflation spikes to 75%
ZIMBABWE'S annual inflation rate for the month of April shot to 75,86%, up nine percentage points on the March rate of 66,8% as the country fails to tame price increases.Last month the statist...Published: 16 May 2019 at 07:03hrs | 1738 | by Staff reporter
Zimra to start accessing 3rd party information from banks
THE Zimbabwe Revenue Authority (Zimra) will start to access third party information from different Government databases and financial institutions to track companies and individuals that are not payin...Published: 28 Apr 2019 at 07:34hrs | 3673 | by Staff reporter
Mnangagwa's govt lays new siege on business
GOVERNMENT has laid siege on the business sector, ominously accusing it of overcharging consumers in pursuit of super profits and engaging in "financial terrorism".President Emmerson Mnangagwa...Published: 26 Apr 2019 at 17:31hrs | | by Staff reporter
Mnangagwa govt fears unrest over meltdown
PRESIDENT Emmerson Mnangagwa's regime fears mass social unrest and has placed security forces on high alert, as economic deterioration inexorably accelerates, amid a wave of price increases. The meltd...Published: 26 Apr 2019 at 17:26hrs | 1721 | by Staff reporter
Zimra moves towards single clearance at ports of entry
The Zimbabwe Revenue Authority (Zimra) will later this year bring together all agencies that are involved in border checks processes into a single clearance platform as it works towards improving Zimb...Published: 22 Apr 2019 at 08:44hrs | | by Staff reporter
Zimbabwe trade deficit drops by 90%
ZIMBABWE'S trade deficit dropped by 90% to $22,1 million in February this year with analysts attributing the decline to foreign currency shortages.Figures released by the Zimbabwe Statistics A...Published: 19 Apr 2019 at 07:26hrs | | by Staff reporter
ZANU PF MP fingers criminals in price increase
Gokwe-Nembudziya Member of Parliament Mayor Justice Wadyajena says the increase in prices of basic commodities is engineered by business criminals whose benefit thrives when the masses suffer. ...Published: 17 Apr 2019 at 19:01hrs | | by Mandla Ndlovu
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