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Zimdollar return: Beware the cobra effect
Last month, the government took all and sundry by surprise when it banned the use of multi-currencies in all local transactions and reintroduced the Zimdollar; abandoned due hyperinflation in 2009....Published: 24 Jul 2019 at 08:24hrs | | by Cliff Chiduku
Zimbabwe struggles to keep its fledgling currency 'zollars' alive
MOST CURRENCIES have snappy names, like yen, won, kip or lek. Some have unfortunate ones: dong or colón. Few have names as cumbersome as Zimbabwe's Real-Time Gross-Settlement Dollars, also known as R...Published: 24 May 2019 at 07:41hrs | | by The Economist
Zimbabwe: A land of squandered potential
I well remember sitting in the AFP bureau in Harare at dusk on November 21, 2017 and hearing the first whoop of delight in the street outside when Robert Mugabe was finally ousted, an extraordinary mo...Published: 17 Mar 2019 at 08:56hrs | 4 | by Ben Shepherd
Bold steps Mnangagwa should be taking instead of fiddling with the petrol price
When economically-challenged rulers try to run nations, especially fragile ones, they can easily make mistakes.In the past few weeks, demonstrators have taken to the streets of Khartoum and Om...Published: 05 Feb 2019 at 06:44hrs | 1 | by Robert Rotberg
Zimbabwe local currency recipe for disaster
FINANCE minister Mthuli Ncube's recent pronouncements that Zimbabwe will revert to using its own currency, a decade after it abandoned the local dollar in favour of a basket of currencies is not feasi...Published: 19 Jan 2019 at 10:53hrs | | by Staff reporter
Dollars vs Zollars
Government's insistence on a fixed 1:1 exchange rate has continued to create headaches for companies who have to report within prescribed accounting standards. This comes as the US dollar, ado...Published: 06 Dec 2018 at 06:30hrs | 2 | by Reuters
Zimbabwe must adopt the rand, says Fitch Solutions
ZIMBABWE must adopt the South African Rand to deal with the worsening currency crisis caused by the shortage of United States dollars, an international research firm has said. United Kingdom-b...Published: 18 Nov 2018 at 07:46hrs | | by Staff reporter
Zimbabweans sleeping in food and petrol queues
Zimbabweans are sleeping in petrol queues and spending hours lining up for basic food, as the country suffers its worst economic crisis in a decade.Nearly a year after the downfall of dictator...Published: 28 Oct 2018 at 08:51hrs | 15 | by abc.net.au/
Panic grips Zimbabwe
Fuel shortages intensified across the country as long queues formed at service stations that were selling the commodity amid widespread panic-buying of basic goods blamed on government's new austerity...Published: 07 Oct 2018 at 08:47hrs | | by Staff reporter
'Zimbabwe banks ripping-off clients'
Employees in the financial and banking sector under the Zimbabwe Banks and Allied Workers Union (Zibawu) have accused banks of ripping-off clients while paying them slave wages.The workers, in...Published: 03 Jun 2018 at 15:28hrs | | by Staff reporter
Hyperinflation threat returns to Zimbabwe
Less than a decade after hyperinflation obliterated Zimbabwe's dollar along with its pensions and savings, the southern African nation is suffering a return to precipitous price rises.Zimbabwe...Published: 29 Oct 2017 at 14:27hrs | | by Staff reporter
Zimbabwe panics as wheels come off
With Zimbabwe's economy continuing to die - as manifested by rising poverty levels, worsening job losses and severe cash shortages - the government is showing signs of panic, amid fresh warnin...Published: 15 Apr 2017 at 14:53hrs | | by Staff reporter
Zimbabwe blow billions of 'fictional' dollars
As Zimbabwe's clueless government continues to blow billions of "fictional" dollars that it does not have - on trinkets and its bloated workforce - experts have issued a fresh warning that the cou...Published: 09 Mar 2017 at 08:44hrs | | by Staff reporter
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