Search / Austerity
Economic growth stimulus precedes taxation
Zimbabwe's 2021 national budget paints a picture of sustained austerity in the mid-term, with increases in taxes for various sectors of the depressed economy. A 126% jump in budgeted tax revenue colle...Published: 22 Dec 2020 at 19:28hrs | 380 | by Victor Bhoroma
How South Africa can nudge Zimbabwe toward stability
What's new? As Zimbabwe's political and economic crises worsen, South Africa is moving beyond its policy of "quiet diplomacy" with its northern neighbour and applying more pressure on Harare to open...Published: 18 Dec 2020 at 06:42hrs | 1996 | by crisisgroup
Former Zanu-PF official vows to take Mnangagwa head-on
RECENTLY-EXPELLED Zanu-PF Mashonaland Central official Goodman Tamuona Musariri says he is going to challenge President Emmerson Mnangagwa's legitimacy in the courts of law. He allegedly denounced Mna...Published: 06 Dec 2020 at 23:25hrs | 6642 | by Staff reporter
'Health budget big, but inadequate'
ZIMBABWE'S health budget allocation has been dismissed as grossly inadequate to tackle the myriad of challenges besetting the sector.Finance minister Mthuli Ncube allocated the health sector $...Published: 28 Nov 2020 at 07:21hrs | 482 | by Staff reporter
$421.6bn inclusive 2021 budget unveiled
FINANCE and Economic Development Minister, Professor Mthuli Ncube yesterday announced a $421.6 billion National Budget for 2021 in which he handed down tax relief measures to cushion workers and corpo...Published: 27 Nov 2020 at 07:02hrs | 343 | by Staff reporter
We are not enemies of the State, says Majongwe
DIVISIONS rocked teachers unions recently over salary negotiations with government following a workers' strike which lasted for about two months. Progressive Teachers Union of Zimbabwe (PTUZ) ...Published: 24 Nov 2020 at 04:36hrs | 1034 | by Staff reporter
Chamisa goes down as Mnangagwa rises high
After 37 years in power, President Robert Mugabe of Zimbabwe resigned via in November 2017. His successor and former vice president, Emmerson Mnangagwa, promised a break from Mugabe's authoritarian ru...Published: 19 Nov 2020 at 08:33hrs | 9585 | by Dr Masimba Mavaza
Mnangagwa to launch Development Strategy 1 today
The National Development Strategy 1 (NDS1), which charts policies, institutional reforms and national priorities needed from 2021-2025 to achieve an upper middle income economy under Vision 2030, is e...Published: 16 Nov 2020 at 05:40hrs | 207 | by Staff reporter
Govt injects $600m into Harare Beitbridge Highway
AT least $600 million has been injected into the rehabilitation of the Harare-Beitbridge Highway, according to the Finance ministry.Government last year assigned five contractors to rehabilita...Published: 06 Nov 2020 at 06:42hrs | 892 | by Staff reporter
Zimbabwe churches paint gloomy picture
THE Zimbabwe Council of Churches (ZCC) yesterday painted a gloomy picture of the country's economic situation, claiming several attempts by the churches to engage Finance minister Mthuli Ncube to prof...Published: 27 Oct 2020 at 07:18hrs | 1512 | by Staff reporter
More chaos awaits schools
THE second phase of schools reopening today is set to increase the chaos in schools with teachers escalating their labour dispute with government over poor remuneration.Zimbabwe's school calen...Published: 26 Oct 2020 at 06:45hrs | 7192 | by Staff reporter
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 11 Oct 2020 at 10:00hrs | 92 | by Victor Bhoroma
Slow pace of reforms derailed TSP
The Zimbabwean government recently announced the conclusion of the 2 year Transitional Stabilization Programme (TSP) which will be replaced by the first five year National Development Plan (NDP). TSP ...Published: 10 Oct 2020 at 12:04hrs | 919 | by Victor Bhoroma
Mthuli Mthuli denies policy consistency reports
FINANCE minister Mthuli Ncube yesterday denied that there were policy inconsistencies in the country, claiming his austerity measures were simply "reforms" aimed at bringing back stability to the econ...Published: 17 Sep 2020 at 06:06hrs | 961 | by Staff reporter
Zimbabwe to be another Singapore, says Zanu PF
THE ruling Zanu-PF party says it is optimistic that Zimbabwe will soon come out of the economic woods and transform into another Singapore.Top Zanu-PF official and former presidential adviser ...Published: 14 Sep 2020 at 06:39hrs | 3327 | by Staff reporter
Those in glass houses shouldn't throw stones
Before the July 30 elections in 2018, MDC Alliance's swashbuckling and technophile public relations machine nourishingly fed us the optics of what we were told were the makings of a political tsunami ...Published: 30 Aug 2020 at 08:26hrs | 257 | by Staff reporter
Mnangagwa two years on
THE Second Republic under President Mnangagwa has, in the two years of its span, recorded a number of milestones across sectors towards the achievement of Vision 2030 to transform the economy and impr...Published: 28 Aug 2020 at 06:47hrs | 533 | by Nqobile Tshili, Nduduzo Tshuma and Prosper Ndlovu
How Mnangagwa squandered his goodwill
President Emmerson Mnangagwa addresses ZANU-PF supporters on his return from brief exile in South Africa last NovemberIN the euphoria of Robert Mugabe's fall, Zimbabweans would have done anyth...Published: 08 Aug 2020 at 20:27hrs | 3696 | by newZWire
Mohadi in Tanzania for Mkapa funeral
VICE President Kembo Mohadi left the country this morning to attend the funeral of former Tanzanian President Benjamin Mkapa who died on Thursday at Dar es Salaam Hospital where he had been admitted f...Published: 28 Jul 2020 at 20:24hrs | 2155 | by Staff reporter
MDC Alliance's role in undermining national development
President Mnangagwa continues to pursue an ambitious economic reform agenda that has, within a short space of time, seen the budget deficit being tamed, economic fundamentals once again in place and a...Published: 22 Jul 2020 at 08:43hrs | 1730 | by Pupurai Togarepi
Time to redeem Zimbabwe from its political & economic strangulation
The levels of failure by this Zanu PF regime has no comparison. The people have lost faith in the ruling party and whatever the party touches it slips like an eel, hence the majority can no longer tru...Published: 14 Jul 2020 at 07:53hrs | 789 | by Leonard Koni
Money changers and the secret of their wisdom
THE foreign currency auction announced by the Reserve Bank of Zimbabwe recently appears to have started on a high note, but there is a nagging fear that those favourable comments by observers may have...Published: 28 Jun 2020 at 08:08hrs | 5731 | by Jonathan Maphenduka
Zimbabwe's economists query China's friendship
Some of the country's economists have raised their eyebrows with regards to China's debt cancellations in Africa which were revealed earlier on this week.China's cancellation of debt towards r...Published: 27 Jun 2020 at 10:35hrs | 1727 | by Daniel Itai, Harare, Zimbabwe
Of ugly vultures and bad wolves in good sheep's clothing
I shall begin with our own fathers and ancestors, it is both just and proper that they should have the honor of mention, for handing free to us this country, augmented by valiant valor, their blood an...Published: 27 Jun 2020 at 00:25hrs | 1560 | by Evangelist Sendekai W.T
WFP anticipates surge in demand for food aid
THE World Food Programme (WFP) has predicted a surge in the demand for food aid during the 2020/2021 lean season in Zimbabwe, with over 4,5 million people in rural communities requiring urgent assista...Published: 19 Jun 2020 at 08:03hrs | 103 | by Staff reporter
Fiscal indiscipline still rampant in govt
ZIMBABWE'S 2019 Consolidated Financial Statement (CFS), in which government expenditure skyrocketed to ZW$22,53 billion against a target of ZW$17,64 billion, shows that President Emmerson Mnangagwa's ...Published: 24 Apr 2020 at 08:45hrs | 104 | by Tinashe Kairiza
Tribute to late veteran journalist Matikinye
WOKE up on Monday 20 to the news that Raymond Muzambiringawezvokwadi Matikinye had collapsed and died at his home in Bulawayo on April 19, a few hours after another veteran journalist, Gift Phiri, had...Published: 23 Apr 2020 at 08:16hrs | 271 | by Noah Pomo
COVID-19 lockdown: Coercing the poor, coddling the rich?
From the perspective of reducing the negative public health effects of the coronavirus, national lockdowns will almost certainly - if adhered to - reduce the number of coronavirus transmissions while ...Published: 21 Apr 2020 at 22:21hrs | 933 | by Seán Muller
Is Mthuli Ncube IMF's man in Harare?
THE International Monetary Fund (IMF) released its 2019 Article IV report on Zimbabwe at the end of March 2020. Without delving into policy details, which I leave to experts to unpack, one can observe...Published: 12 Apr 2020 at 09:40hrs | 2512 | by Dr Tim Rainhard
IMF Report on Zimbabwe: Fairy-tale of good cop versus bad cop
THE International Monetary Fund (IMF) released its 2019 Article IV report on Zimbabwe at the end of March 2020. Without delving into policy details, which...Published: 10 Apr 2020 at 14:55hrs | 1263 | by Dr Tim Rainhard
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 | 686 | by Jameson Dapi
Bosso's COVID-19 hole
ORDINARILY the 2020 domestic Premiership football season would have been entering its third week, and today some of its stars would have been away with the Warriors in Yaounde, Cameroon, on what also ...Published: 05 Apr 2020 at 08:27hrs | 319 | by Staff reporter
Mnangagwa not the change that Zimbabwe needs!
During the course of my life I heard three stories that I dismissed as mere jokes. Firstly a human resources lecturer once told us that he once came come across a white colour employee that did not kn...Published: 02 Apr 2020 at 11:17hrs | 1056 | by Ishemunyoro Mupokosera
COVID-19: Zimbabwe begins 21-day lockdown
Zimbabwe begins its 21-day lockdown today as it tries to curb the spread of Covid-19 in a country, which has limited testing capabilities. The latest update from the Ministry of Health and Child...Published: 30 Mar 2020 at 08:33hrs | 367 | by Staff reporter
Dual Monetary Economy: Organized Chaos
Despite the visible momentum towards full re-dollarization and apparent depreciation of the Zimbabwean Dollar, the Reserve Bank of Zimbabwe (RBZ) declared that de-dollarization is well on course. The ...Published: 16 Mar 2020 at 11:11hrs | 2751 | by Victor Bhoroma
Misinformation: government detractors' new weapon
THE most perceptive Zimbabweans must by now have taken note of an avalanche of media messages insinuating that the Second Republic might be short lived owing to a brewing coup. As it turns out...Published: 08 Mar 2020 at 09:05hrs | 987 | by Khumbula Vodloza Sibanda
Banks, money transfer agencies clash
Banks and money transfer agencies traded accusations in Parliament on Monday over an uneven playing field. Bankers Association of Zimbabwe (BAZ) accused money transfer agencies such as EcoCash, One Mo...Published: 04 Mar 2020 at 07:49hrs | 876 | by Staff reporter
Garrison shops an admission of failure
The government's curious decision to introduce shops within camps to sell subsidised goods to members of the security forces was another emphatic message that Finance minister Mthuli Ncube's reform ag...Published: 02 Mar 2020 at 08:54hrs | 113 | by Staff reporter
Zimbabwe: Orwell's Animal Farm reincarnated
SATIRIC George Orwell novel Animal Farm has received classic status in literature. Millions have read the polysemic text, set on an imaginary farm where animals took over from the owner, Mr Jones, aft...Published: 29 Feb 2020 at 07:18hrs | 394 | by Paidamoyo Muzulu
Why Prof Mthuli Ncube and John Mangudya must resign
In this dossier I am challenging the Finance Minister, Mr Mthuli Ncube, and his RBZ counterpart Mr Mangudya to resign with immediate effect citing their combined failure to fulfil their objectives and...Published: 26 Feb 2020 at 09:19hrs | 1250 | by Magugu Benard, ZAPU NPC member (Midlands province)
Mthuli Ncube, Mangudya must resign
In this dossier, I am challenging the Finance Minister, Mr Mthuli Ncube, and his RBZ counterpart Mr Mangudya to resign with immediate effect citing their combined failure to fulfil their objectives an...Published: 26 Feb 2020 at 08:43hrs | 1421 | by Magugu Benard, ZAPU NPC member (Midlands province)
21st century mindset required to solve Zimbabwe challenges of the future
Our country seem be designing and implementing the economic strategy in a manner that Douglas Alexander described as "a fundamental error of what makes success in the 21st century".There are t...Published: 24 Feb 2020 at 06:20hrs | 139 | by Brian Sedze
Zim government resorts to old examination fees
Zimbabwe's Primary and Secondary Education minister Cain Mathema, has rescinded the recently announced 2020 examination fees. Mathema said new examination fees will be announced after further ...Published: 20 Feb 2020 at 16:45hrs | 956 | by Daniel Itai
Lest we forget about Mthuli Ncube
VERY much in our memory and captured on camera, sometime back, Finance and Economic Development minister Mthuli Ncube referred to our bond notes as "bad money driving out good money" such that he wish...Published: 18 Feb 2020 at 20:15hrs | 1102 | by Kurauone Mutemaringa
Zimbabwe's Ambassador interfaces with nationals in SA
Zimbabwe's Ambassador to South Africa David Hamadziripi on Friday met Zanu PF supporters to update them on the state of the nation. Ambassador Hamadziripi encouraged Zimbabweans living in the ...Published: 18 Feb 2020 at 05:37hrs | 424 | by Staff reporter
The market has redollarised, says Biti
MDC vice-president Tendai Biti (TB), who during the inclusive government era, served as Finance minister speaks to NewsDay (ND) senior reporter Blessed Mhlanga on the failing Zimbabwe dollar and other...Published: 17 Feb 2020 at 10:45hrs | 1996 | by Staff reporter
Mutambara's Zimsec prognosis will hurt the poor
Renowned and leading African scientist and scholar, Professor AGO Mutambara, ignited a storm with his recent piece alleging shameless and scandalous grade inflation by ZIMSEC citing a school where 79 ...Published: 11 Feb 2020 at 06:56hrs | 1731 | by Munya Gwisai
Mthuli overrated minister, NO Solutions to Economic Crisis
Zimbabwe has experienced the worst economic dip since independence. Given recent economic problems, what are the possible solutions?...Published: 06 Feb 2020 at 06:51hrs | 2770 | by Dr Masimba Mavaza
Mnangagwa outlines 2020 plans
PRESIDENT Mnangagwa yesterday said Government's focus this year will be on increasing productivity, growing the economy and employment creation, and directed leaders to spend more time with their comm...Published: 05 Feb 2020 at 05:59hrs | 778 | by Staff reporter
Zanu-PF breaking more International Laws
by allegedly doing satan's bidding and Distributing Food along Party Lines, to poor impoverished people who are in total abject poverty, thanks to the ZANU-PF's man made economic and humanitarian disa...Published: 05 Feb 2020 at 05:47hrs | 291 | by Thabo Makuyana
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