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Red flag over inflation data
A PROFESSIONAL accountants' body has raised the red flag over factoring blended inflation data during the preparation of statements, saying firms pursuing this model risked distorting their organisati...Published: 21 Oct 2020 at 21:52hrs | 351 | by Staff reporter
Zimdollar demand spikes
THE continued consolidation of the Zimbabwean dollar gains on the official market-driven foreign currency auction platform has created huge demand for the local currency on the back of growing confide...Published: 15 Oct 2020 at 06:37hrs | 1957 | by Staff reporter
Zimbabwe annual inflation tumbles to 659%
THE annual inflation rate dropped 101,62 percentage points to 659,4% last month, as recent gains of the local currency against the greenback continue to reflect on its strength.The drop in the...Published: 14 Oct 2020 at 06:35hrs | 732 | by Staff reporter
Zimbabwe's monthly inflation falls as Zimdollar firms
Monthly inflation between mid-August and mid-September fell to 3,83 percent, according to the latest figures from ZimStat, and is likely to continue falling with yesterday's foreign currency auction s...Published: 14 Oct 2020 at 06:27hrs | 772 | by Staff reorter
Zimbabwe's cost of living up
ZIMBABWE'S cost of living, as measured by the Consumer Council of Zimbabwe (CCZ), food basket for a low income family of six, rose to $14 438 in August from $14 256 in July, representing a 1,27 percen...Published: 27 Sep 2020 at 17:51hrs | 2446 | by Staff reporter
Rushed Zim Dollar introduction cost the economy
The Zimbabwean government recently gazetted the Finance Bill (H.B.4 of 2020) which validates the fiscal changes that were tabled in the Mid-Term budget review in July 2020. The Bill amends the Gains T...Published: 22 Sep 2020 at 18:17hrs | 1289 | by Victor Bhoroma
Zimbabwe poverty datum line rises to $17 244
THE Total Consumption Poverty Line (TCPL) for an average family of five people grew by 10% to $17 244 in August 2020, latest data from the Zimbabwe National Statistics Agency (ZimStat) has shown....Published: 21 Sep 2020 at 06:48hrs | 758 | by Staff reporter
RBZ sees blended inflation in single digits in 2021
Inflation is expected to drop to double digits next year as the economy converges to a new steady state although there are now heightened stagflation fears. According to the RBZ, blended annua...Published: 16 Sep 2020 at 06:47hrs | 2611 | by Staff reporter
Zimbabwe inflation eases to 761%
ZIMBABWE'S year-on-year inflation rate for the month of August eased to 761,02% from 837,53% reported in July, the Zimbabwe National Statistics Agency (ZimStat) has said. "The year-on-year inf...Published: 16 Sep 2020 at 06:22hrs | 808 | by Staff reporter
If I had married that man, I would be dead by now!
The level of violence in Zimbabwe is alarming: domestic violence accompanies the life of a married woman daily. Daily we read depressing news about the growing number of cases of femicide. Today again...Published: 14 Sep 2020 at 17:58hrs | 1844 | by Nomazulu Thata
Mnangagwa okays early census
There will be an early population census allowing a new delimitation of constituencies by the Zimbabwe Electoral Commission (ZEC) before the 2023 harmonised elections after President Mnangagwa approve...Published: 10 Sep 2020 at 06:52hrs | 575 | by Staff reporter
Retailers reel under diminished demand
RETAIL outlets and corporates are reeling from a major reduction in sales volumes with some facing closure as a result of shrinking disposable income due to a weakened local currency and impact of the...Published: 04 Sep 2020 at 06:27hrs | 2844 | by Staff reporter
Zimstat on door-to-door enumeration exercise
THE Zimbabwe National Statistics Agency (Zimstat) is carrying out a nationwide door-to-door enumeration exercise as it prepares for a Covid-19 Epidemiological Prevalence Survey to be conducted next mo...Published: 26 Aug 2020 at 07:08hrs | 539 | by Staff reporter
Zimbabwe's consumption poverty rises by 37%
THE amount of money an average household of five requires to purchase both food and non-food items, commonly referred to as the total consumption poverty line (TCPL) has risen by 37,4 % to $15 572,85 ...Published: 20 Aug 2020 at 07:39hrs | 467 | by Staff reporter
Mobile money limits due for review
The level of inflation in the country, which reached 837 percent in July, should be used as an indicator that mobile money limits at $5 000 are now due for review. The latest data from the Zim...Published: 20 Aug 2020 at 07:20hrs | 885 | by Satff reporter
Zimbabwe poverty worsens
THE amount of money an average household of five requires to purchase both food and non-food items rose 33,5% to $11 334 as of June 2020, latest data from the Zimbabwe National Statistics Agency (ZimS...Published: 12 Aug 2020 at 07:07hrs | 674 | by Staff reporter
Zimbabwe's poverty datum line up 33%
THE country's poverty datum line (PDL) rose 33,6 percent to $11,333 in June from $8,483 the previous month, the Zimbabwe National Statistics Agency has said. According to the agency the PDL measures t...Published: 11 Aug 2020 at 08:11hrs | 318 | by Staff reporter
Zimbabweans companies want to trade in Rand
CAPTAINS of industry in Bulawayo have pleaded with the Minister of Finance and Economic Development, Professor Mthuli Ncube, to promote the wide use of the South African rand to complement the multi-f...Published: 26 Jul 2020 at 10:57hrs | 648 | by Staff reporter
June inflation races to 31,66% as prices of goods skyrocket
Prices of goods and services in the country skyrocketed in the month of June with the month-on-month inflation rate for the month racing to 31,66 percent, according to Zimstat. This is a gain ...Published: 16 Jul 2020 at 07:41hrs | 400 | by Staff reporter
Building material prices up 78.7% in Zimbabwe
Prices of building materials rose an average 78.78% in the first quarter, gaining 31.52 percentage points from December mainly due to pressures in cement, paint, and glass as well as well electrical g...Published: 07 Jul 2020 at 21:41hrs | 3107 | by Staff reporter
Zimbabwe poverty datum line more than doubles
THE poverty datum line has jumped by more than 100 percent from $3 398 in May to $8 484 in June, the country's statistical agency — the Zimbabwe National Statistics Agency (ZimStat) - revealed yeste...Published: 27 Jun 2020 at 17:00hrs | 588 | by Staff reporter
Mnangagwa's move to pay civil servants USD allowances is 'crazy'
The Zimbabwean government's move to pay its workers US dollar-denominated allowances as the southern African country struggles to stabilise its local currency has been described as "crazy" by an econo...Published: 23 Jun 2020 at 18:19hrs | 1767 | by Staff reporter
Zimbabwe's cost of living rises
ZIMBABWEAN companies and consumers are facing severe pressure from rising cost of living as well as effects of the coronavirus pandemic, analysts have warned.Consumers' real wages are being er...Published: 21 Jun 2020 at 16:59hrs | 891 | by Staff reporter
Zimbabwe records marginal increase in exports receipts
ZIMBABWE'S exports marginally increased by 2% to US$1,24 billion during the first four months of the year, largely driven by commodities such as gold and tobacco, official statistics reveal.Fi...Published: 21 Jun 2020 at 11:43hrs | 426 | by Staff reporter
Is Zimbabwe on the brink of becoming a dictatorship?
Barely a month after three MDC-Alliance cadres, legislator Joanna Mamombe, youth leaders Cecilia Chimbiri and Netsai Marova were arrested and mysteriously went missing under police custody; two more b...Published: 20 Jun 2020 at 20:41hrs | 1274 | by Prince Njagu
Zimbabwe's National Census dates moved a year earlier to 2021
Cabinet has directed the national statistics agency to conduct the national census next year instead of the planned 2022, which would have been held close to the general elections in 2023.The ...Published: 19 Jun 2020 at 17:12hrs | 670 | by Staff reporter
Mnangagwa govt's dangerous paranoia will keep hurting economy
IT is not a secret that Zimbabwe's economy is under severe strain from various factors: effects of the coronavirus pandemic-induced lockdown, power cuts, currency crunch, high inflation, exchange rate...Published: 17 Jun 2020 at 07:05hrs | 592 | by Staff reporter
Zimbabwe's year-on-year inflation spikes to 785,5%
ZIMBABWE'S year-on-year inflation spiked to 785,55 percent for the month of May 2020, according to data from the Zimbabwe National Statistical Agency (Zimstat) released yesterday. The agency s...Published: 17 Jun 2020 at 06:39hrs | 204 | by Staff reporter
Civil servants demand meeting with govt
CIVIL servants have written to the government demanding an urgent meeting over salaries, which they say have been significantly eroded by inflation.This comes as prices of basic commodities an...Published: 14 Jun 2020 at 11:21hrs | 3125 | by Staff reporter
Poverty datum line up 15,7%
Zimbabwe's poverty datum line (PDL) jumped from $6 420 (PDL) in March to $7 425 in April representing a 15,7 percent increase, official figures show. According to the Zimbabwe National Statist...Published: 10 Jun 2020 at 07:42hrs | 303 | by Staff reporter
Zimbabwe's inflation spikes to 765.57% in April: Zimstat
Zimbabwe's year-on-year inflation galloped to 765.57 percent in April, up from 676.39 percent in the previous month, statistical agency Zimstat said on Tuesday.On a month-on-month basis, infla...Published: 01 Jun 2020 at 08:29hrs | 154 | by Staff reporter
Mthuli Ncube to unveil price stabilisation measures
GOVERNMENT will soon announce measures to stabilise prices of basic commodities while arresting inflation as consumers' buying power continues to drop. While prices of basic commodities are constantly...Published: 28 May 2020 at 07:36hrs | 2105 | by Staff reporter
COVID-19 delays April inflation stats
THE Zimbabwe National Statistical Agency (ZimStat) says it has delayed the publication of last month's inflation figures due to the COVID-19-induced lockdown that crippled the data collection process....Published: 25 May 2020 at 08:01hrs | 1010 | by Staff reporter
'Average Zimbabwean lived on US$0.95/day in March'
Zimstat's latest data shows that the average Zimbabwean lived on US95 cents a day or ZWL$28.54 in March up 21.26% from ZWL$23.53 or US$1.07 in February. A family of five in the same period lived on US...Published: 23 Apr 2020 at 16:24hrs | 424 | by Staff reporter
'Zimdollar value plunges 580%'
THE Zimbabwe dollar has devalued by over 580% since February 2019 to date, United States Agency for International Development food security arm, FEWS NET, has said. Due to inadequate foreign currency,...Published: 20 Apr 2020 at 08:38hrs | 1222 | by Staff reporter
Zimbabwe's March annual inflation rises to 673.39%
Zimbabwe's annual inflation rose in March to 676.39% with expectations that it might touch the 1000% level within two months as supply chain disruptions and shortages are expected to lead to prolonged...Published: 14 Apr 2020 at 18:26hrs | 575 | by Staff reporter
ZCTU demands US$100 cushion for vulnerable employees
THE Zimbabwe Congress of Trade Unions (ZCTU) has called on government to pay US$100 to vulnerable employees as one of measures to enhance social protection during the COVID-19 lockdown.In prop...Published: 13 Apr 2020 at 08:21hrs | 330 | by Staff reporter
Poverty levels rise as COVID-19 hits Zimbabwe
The poverty levels in Zimbabwe are likely to worsen as an effect of the COVID-19 global pandemic that has hit world economies resulting in business operations coming to a standstill in most countries....Published: 13 Apr 2020 at 08:20hrs | 210 | by Staff repprter
Zimbabwe's poverty datum line rises sharply
A family of five required at least $5 293 in February this year to meet its basic needs for it not to be deemed poor, a 17 percent jump from $4,492 the previous month, latest data shows. The j...Published: 13 Apr 2020 at 07:56hrs | 284 | by Staff reporter
Mthuli Ncube, COVID-19: Zimbabwe economy's biggest threats
At the core of a functional democracy is the commitment by citizens to constantly demand to be governed well through active participation in public affairs and holding those in public offices to fully...Published: 09 Apr 2020 at 08:31hrs | 684 | by Jameson Dapi
Zimbabwe diaspora remittances take a knock
COVID-19 is wreaking havoc on diaspora remittances in Zimbabwe where some households, which depend on assistance from relatives abroad, are in dire straits, the Zimbabwe Coalition on Debt and Developm...Published: 07 Apr 2020 at 08:07hrs | 453 | by Staff reporter
TNF partners must not agree on poverty datum line based on false assumption - ZCTU
Zimbabwe Congress of Trade Unions Secretary General Japhet Moyo has warned the Tripatrite Negotiation Forum (TNF) members not to agree on Poverty Datum Line (PDL) based pay which is based on false ass...Published: 23 Mar 2020 at 07:26hrs | 675 | by Stephen Jakes
Jobs bloodbath hits Zimbabwe firms
A staggering 210,333 jobs were made redundant in 2019 as local companies threw workers onto the streets in response to the realities of a debilitating liquidity crunch, low productivity, punitive real...Published: 21 Mar 2020 at 06:21hrs | 3171 | by Staff reporter
Zimbabwe registers US$52,8m trade surplus against South Africa
ZIMBABWE recorded a US$52,8 million trade surplus against South Africa, its major trading partner, after exporting goods worth US$218,4 million to the neighbouring country in the month of January 2020...Published: 18 Mar 2020 at 06:43hrs | 826 | by Staff reporter
Zimstat says Zimbabwe unemployment rate at 16%
About 1.2 million people in Zimbabwe have given up on securing employment, the Zimbabwe National Statistics Agency (Zimstat) has said as it reported that the national unemployment rate stood at 16...Published: 17 Mar 2020 at 16:00hrs | 1710 | by Staff reporter
Zimbabwe's February annual inflation at 540.16%
Zimstat has resumed the publication of annual inflation data following the lapsing of a twelve-month suspension. The year on year inflation measured by all items CPI came in at 540.16% from 59.39% of ...Published: 16 Mar 2020 at 10:21hrs | 1310 | by Staff reporter
Zimbabwe's maternal deaths decline
MATERNAL deaths in Zimbabwe have decreased from 614 per 100 000 live births to 462 since 2014, a new survey has revealed.According to a multiple cluster survey (MICS) conducted by the Zimbabwe...Published: 16 Mar 2020 at 06:59hrs | 152 | by Staff reporter
Zimbabwe requires US$85m for Census
The Zimbabwe National Statistics Agency (Zimstat) needs US$85,5 million to successfully run the 2022 Population and Housing Census. Finance and Economic Development Minister Professor Mthuli N...Published: 10 Mar 2020 at 05:17hrs | 230 | by Staff reporter
Zimstat to release new inflation data after hiatus
The Zimbabwe National Statistical Agency (Zimstat) is set to resume the publication of year-on-year inflation figures amid warnings that inflation will continue to gallop as long as the local currency...Published: 08 Mar 2020 at 08:36hrs | 211 | by Staff reporter
Questions on IMF, Zim optimism
MEDIA reports on the International Monetary Fund (IMF) Article IV Consultation with Zimbabwe which were deliberated upon by the executive board of the international financial institution last week on ...Published: 06 Mar 2020 at 06:15hrs | 316 | by The Brett Chulu
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