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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 | 2777 | 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 | 669 | 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 | 1683 | 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 | 3635 | 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 | 1917 | 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 | 1664 | 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 | 6504 | 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 | 307 | 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 | 6282 | by Mandla Ndlovu
Zimbabwe's inflation spikes to 66.8%
Zimbabwe’s annual inflation rate for March rose 7.27 percentage points to 66.8 percent according to Zimbabwe National Statistics Agency (Zimstat). The month on month inflation rate in M...Published: 15 Apr 2019 at 18:41hrs | 3256 | by Ndou Paul
Massive retrenchments loom as Zimbabwe economy slows down
HUNDREDS of formal jobs are on the line in the economy as various businesses grapple with the realities of hyperinflation and exchange rate-induced losses. The market has witnessed massive price hikes...Published: 12 Apr 2019 at 09:14hrs | 4246 | by Victor Bhoroma
Funding problems cripple ZimStat
THE Zimbabwe National Statistics Agency (ZimStat) says it is in dire need of millions of dollars in financial support to fund its surveys and cover other operational costs, businessdigest has learnt....Published: 06 Apr 2019 at 08:50hrs | 505 | by Staff reporter
Zimbabwe inflation seen dropping below 15% by December
The RESERVE Bank of Zimbabwe (RBZ) expects inflation to tumble significantly to less than 15% this December, indicating that threats of receding to hyperinflation were remote.Last month, infla...Published: 30 Mar 2019 at 17:42hrs | 661 | by Staff reporter
Discipline mustn't be administered through brutality
The problem of child abuse is getting out of hand and our society must act now to stop the terrible crimes against innocent children.Recently, the Midlands community awoke to the shocking news...Published: 27 Mar 2019 at 23:55hrs | 1700 | by Cuthbert Mavheko
Cyclone Idai brings Chamisa face to face with effects of sanctions
The Government of Zimbabwe, led by President Emmerson Mnangagwa is on record calling for the unconditional removal of the Western imposed illegal sanctions on the Southern African State, arguing that ...Published: 21 Mar 2019 at 10:16hrs | 3259 | by Mapozho Saruchera
Forex shortages gnaws Zimbabwe's fertilizer industry
ZIMBABWE'S fertilizer industry says it is constrained by forex shortages, but it still has the capacity to produce enough to meet the country's demand this year and export excess production.Zi...Published: 19 Mar 2019 at 06:48hrs | 300 | by Staff reporter
Mthuli Ncube wages war against surging inflation
Zimbabwe's annual inflation has risen to a 10-year high since hyperinflation, but month-on-month prices are beginning to drop as monetary reforms aimed at combating inflation, addressing foreign curre...Published: 17 Mar 2019 at 18:08hrs | 1005 | by Staff reporter
Zimbabwe inflation rate surges to 59,4% in February
ZIMBABWE'S year-on-year inflation for February 2019 as measured by the all-items consumer price index (CPI)grew by 2,49 percentage points to 59,39% driven by food and non-alcoholic beverages, the Zimb...Published: 17 Mar 2019 at 08:47hrs | 390 | by Staff reporter
Zimbabwe trade registers $44,2m deficit
ZIMBABWE'S trade opened the year in the negative, registering a $44,2 million deficit in January, latest data from the statistics agency has shown.Figures released by the Zimbabwe Statistics A...Published: 14 Mar 2019 at 05:28hrs | 1212 | by Staff Reporter
Zimbabwe inflation hits 266%
International economist and currency expert Steve Hanke says Zimbabwe's inflation now sits at 266 percent following the Reserve Bank of Zimbabwe's recently-announced monetary policy.Just two w...Published: 04 Mar 2019 at 11:57hrs | 2077 | by Staff reporter
Key constraints to economic growth in Zimbabwe
Zimbabwe is a naturally endowed country with unimaginable potential across various economic sectors from mining, tourism, agriculture and manufacturing among others. The country has a highly diversifi...Published: 04 Mar 2019 at 10:11hrs | 1574 | by Victor Bhoroma
Mthuli Ncube declares war on inflation
Finance and Economic Development Minister Professor Mthuli Ncube says Government will continue to implement appropriate fiscal measures to bring inflation down to single-digit levels by year end. ...Published: 21 Feb 2019 at 22:50hrs | 5442 | by Staff reporter
Zimbabwe's January inflation hits 10,75%
The month on month inflation rate in January 2019 was 10,75 percent gaining 1,72 percentage points on the December 2018 rate of 9,03 percent. This means that prices of goods and services as me...Published: 18 Feb 2019 at 06:28hrs | 154 | by Staff reporter
Inflation hits Zimbabwe retail sector
THE retail sector in Zimbabwe is seen declining this year due to high inflation and a widening rift between prices and incomes, the Confederation of Zimbabwe Retailers (CZR) has said.CZR presi...Published: 11 Feb 2019 at 09:55hrs | 794 | by Staff reporter
Trade deficit widens
ZIMBABWE recorded a trade deficit of $2,3 billion in the period between February and December 2018, latest trade data has shown.Figures released by the Zimbabwe National Statistics Agency (Zim...Published: 29 Jan 2019 at 08:39hrs | 785 | by Staff reporter
'Zimbabwe inflation second only to Venezuela '
ZIMBABWE'S inflation rate has hit 290 percent – the second highest in the world after Venezuela (reportedly 80,000 percent at the end of 2018), United States economist and currency expert Steve Hank...Published: 28 Jan 2019 at 10:57hrs | 1108 | by African News Agency
Zimbabwe annual inflation rate surges to 236%
Renowned United States economist and currency expert Steve Hanke says Zimbabwe's annual inflation rate is at 236 percent, much higher than the official figure of 42,09 percent published by Zimbabwe Na...Published: 19 Jan 2019 at 11:51hrs | 1283 | by Staff reporter
Zimbabwe inflation shoots to 42,09%
ZIMBABWE'S inflation rose to 42,09% year-on-year in December, its highest for a decade, from 31,01% in November driven by increases in the price of basic goods, the Zimbabwe National Statistics Agency...Published: 18 Jan 2019 at 12:12hrs | 366 | by Staff reporter
Full fuel audit required to explain demand
The extraordinarily sharp increase in fuel consumption between June and November last year we report on today and the mess witnessed with fuel queues cry out for detailed audits by the Reserve Bank of...Published: 10 Jan 2019 at 07:34hrs | 276 | by Staf reporter
Zimbabwe's grand fuel heist
Zimbabwe consumed almost 480 million more litres of petrol and diesel in six months between June and November last year than in the same period in 2017, a gargantuan 77 percent extra, at an additional...Published: 10 Jan 2019 at 07:32hrs | 531 | by Staff reporter
Mnangagwa's govt warns industry over price hikes
Government has warned it will take action against local manufacturers increasing prices of commodities on the back of premiums being charged on foreign currency on the unofficial market. The h...Published: 03 Jan 2019 at 09:01hrs | 460 | by Staff reporter
A review of Zimbabwe's trade performance in 2018
ZIMBABWE's exports have been on a steady growth path throughout the year but imports rose at a much even faster pace. In this piece, NewsDay's Mthandazo Nyoni looks at how the country has fared in the...Published: 01 Jan 2019 at 11:14hrs | 554 | by Staff reporter
'Zimbabwe inflation rate drops'
The country's inflation rate has dropped by over seven percent as government has been working tirelessly to contain price increases, Finance and Economic Development Minister Mthuli Ncube has said....Published: 31 Dec 2018 at 18:44hrs | 1143 | by Staff reporter
Doctors strike symptom of bigger malaise
THE ongoing strike by doctors in the country's hospitals is just but a symptom of the bigger illness plaguing Zimbabwe.The doctors are demanding payment in US dollars, stocking of medicines an...Published: 28 Dec 2018 at 20:45hrs | 211 | by Editorial - newsdsay
Economic meltdown pushing many into poverty
As the festive mood grips the nation, there is a feeling among most Zimbabweans that the 2018 Christmas will be dull. Economic woes headlined by cash shortages, fuel shortages, multi-tier pricing and ...Published: 24 Dec 2018 at 16:52hrs | 931 | by Victor Bhoroma
Zimbabwe consumers bear brunt of inflation
ZIMBABWE in 2018 experienced a dramatic rise in inflation and widening price increases after Finance minister Mthuli Ncube hinted that there was need to separate the Real-Time Gross Settlement bank ba...Published: 22 Dec 2018 at 18:48hrs | 159 | by Staff reporter
Mthuli Ncube accuse Chamisa's MPs of being dishonest
FINANCE Minister Mthuli Ncube yesterday accused opposition MPs of being dishonest by insisting that people are not happy with the 2% levy on electronic transactions, claiming the new tax has widely be...Published: 20 Dec 2018 at 06:34hrs | 1624 | by Staff reporter
66% of firms to pay 2018 bonuses
A SURVEY has revealed that 66 percent of local firms will pay bonuses this year, an increase of 16 percent from last year. The survey by Industrial Psychology Consultants covered a sample of 71 compan...Published: 20 Dec 2018 at 06:25hrs | 680 | by Staff reporter
Mthuli Ncube calls doctors' demands 'nonsensical'
Finance minister has rubbished the Doctors proposal for their salaries to be paid in USD saying government has no source of those USD dollars.Speaking after the signing ceremony wh...Published: 17 Dec 2018 at 18:26hrs | 5386 | by Collen Ncube
Zimbabwe inflation hit 31.01%
Zimbabwe's annual inflation continues to surge after it reached 31% in the month of November, gaining 10.16 percentage points on the October 2018 rate of 20.85%, according to Zimstat.The CPI f...Published: 17 Dec 2018 at 10:34hrs | 2981 | by Staff reporter
'24 women raped daily in Zimbabwe'
As Zimbabwe joins the rest of the world in commemorating 16 Days of Activism against gender-based violence, which commenced on November 25, the nation continues to record high rates of violence agains...Published: 28 Nov 2018 at 22:55hrs | 1317 | by Staff reporter
Payment of duty in foreign currency is justified
Presenting the 2019 national budget last week under the theme, "Austerity for Prosperity," Minister of Finance and Economic Development, Professor Mthuli Ncube announced a raft of measures which inclu...Published: 26 Nov 2018 at 18:48hrs | 1840 | by Brian Johnson Mutonhori
Patriotism can save Zimbabwe economy
IN the last few weeks, particularly after elections, Zimbabwe's economy has undergone a material and rapid negative transformation, leaving business, government and labour in a crisis. The biggest dip...Published: 23 Nov 2018 at 05:40hrs | 555 | by Daniel Ngwira
Government allocates US$310 million for devolution
Minister of Minister of Finance & Economic Development has announced that it has allocated US$310 million for the implementation of devolution. The move has been welcomed by Zimbabweans who are ke...Published: 22 Nov 2018 at 15:09hrs | 1740 | by Mandla Ndlovu
Zimbabwe migration profile welcomed
The launch of Zimbabwe's migration profile is envisaged to help the government in developing a comprehensive national migration policy for the country.The International Organisation for Migrat...Published: 20 Nov 2018 at 19:12hrs | 1839 | by Staff reporter
'RTGS not equal to US dollars'
The Zimbabwe national Chamber of Commerce (ZNCC) has asked Finance minister Mthuli Ncube to stop in the National Budget the use of bond notes and RTGS electronic balances, officially at par with the U...Published: 19 Nov 2018 at 12:39hrs | 3326 | by Staff reporter
Zimbabwe inflation hits the 20.8% mark, RBZ targets 7%
Zimbabwe's annual inflation rose sharply to a record 20.8 percent in October after it gained 15.46 percentage points from the September rate of 5.39 percent. The Consumer Price Index (CPI) for...Published: 13 Nov 2018 at 16:03hrs | 1806 | by Staff reporter
1 year after Mugabe fall, Zimbabwe asks 'What has changed?'
One year ago the unthinkable happened in Zimbabwe: Robert Mugabe fell from power.Tanks rolled in the streets of the capital, Harare, on November 14, 2017, and the military put Mugabe under hou...Published: 12 Nov 2018 at 14:25hrs | 1998 | by AP
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 177 | by Staff reporter
Let's engage as the youths
ELECTIONS have come and gone and remarkably Zimbabwean youths participated in large numbers to shape their future, something we, as the Zanu-PF Youth League, believe is testimony to the fact that we a...Published: 07 Nov 2018 at 05:46hrs | 330 | by Pupurai Togarepi
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