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'Austerity ends in 2019,' says Muthuli Ncube

While Government has instituted a batch of key macro-economic reforms since late last year, which analysts say have set the economy for recovery and sustainable growth, the chief architect of the changes is not done just yet.After a decade…

Published: 25 Aug 2019 at 08:42hrs | | by Staff reporter

Austerity measures: Is Zimbabwe drinking poisoned chalice?

On September 7, 2018, Mthuli Ncube was appointed as Zimbabwe's Finance minister. Being a technocrat he is, his appointment brought a breath of fresh air. At least, Zanu-PF was breaking with its past of recycling deadwood, especially when i…

Published: 20 Aug 2019 at 15:18hrs | 3 | by Cliff Chiduku

Austerity should not be just for the poor

Elsewhere on these pages, we carry a story about the impending shortage of bread and the expected price increases, barring immediate government intervention to address the wheat supply crisis facing the country.The story paints a grim pict…

Published: 16 Jun 2019 at 09:43hrs | 2 | by Editorial - The Standard

Zimbabwe in austerity-induced recession

"OUTPUT in Zimbabwe is expected to contract in 2019 with a sharp rise in inflation reducing real incomes and foreign exchange shortages constraining activity," the World Bank reports in its Global Economic Prospects Report, revising downwa…

Published: 14 Jun 2019 at 08:22hrs | 9 | by Tinashe Kaduwo

Austerity shocks to subside in 6 months

Painful shocks from ongoing economic reforms will substantially subside after six months, as the period prior coincides with the implementation of most interventions Government is instituting to stabilise the economy, Finance and Economic …

Published: 08 Feb 2019 at 08:33hrs | 1 | by Staff reporter

No going back on austerity measures, says Mnangagwa

President Mnangagwa says Zimbabwe will undergo a "painful" reform process to achieve transformation and modernisation of the economy. Government is already implementing austerity measures and in an article published in the influential Brit…

Published: 14 Nov 2018 at 05:33hrs | | by Staff reporter

Austerity begins with the Executive, Mr Mnangagwa

As promised in our previous article, this week we focus on ways in which government can cut expenditure. It is a commonly accepted fact that our government has a weakness when it comes to spending. Government is unable to stick to any form…

Published: 01 Nov 2018 at 05:56hrs | 1 | by Paul Kaseke

Mnangagwa urges Zimbabweans to prepare for austerity measures

President Emmerson Mnangagwa has said Zimbabweans must prepare for austerity measures that may appear harsh but are in the medium to long-term designed to set the economy back on track. Zimbabwe's leader also said he was in the process of …

Published: 22 Sep 2018 at 09:15hrs | 1 | by Staff reporter

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