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Zimbabwe govt sinks in deep financial hole
The recent 43% devaluation of Zimbabwe's Zimbabwe Gold (ZiG) currency has exacerbated the government's financial crisis, leaving it struggling to meet its obligations while civil servants and other pu...Published: 19 Nov 2024 at 13:38hrs | 7767 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9591 | by Staff reporter
Zimbabwe's new currency chaos
ZIMBABWEAN consumers were yesterday left stranded after businesses suspended trading using the Zimbabwe dollar following the introduction of a new currency on Friday.Reserve Bank of Zimbabwe (...Published: 07 Apr 2024 at 10:35hrs | 6 | by Staff reporter
ZiG is putting lipstick on a pig, says Biti
The Reserve Bank of Zimbabwe (RBZ) on Friday introduced a new currency to be known as the ZiG, which stands for Zimbabwe Gold.RBZ governor John Mushayavanhu said the ZiG would be structured an...Published: 07 Apr 2024 at 10:31hrs | 29 | by Staff reporter
Zimbabwe's structured currency launch on Friday
IN a bid to address currency volatility and exchange rate-driven inflation badly battering the economy amid arbitrage, the Zimbabwean government will next week launch a "structured currency" which the...Published: 31 Mar 2024 at 20:50hrs | 2 | by Staff reporter
Mnangagwa visited Mutami at school?
A FORMER boyfriend of Susan Mutami and her school friends at Loreto High School in Silobela, Midlands, have validated claims that a man believed to be President Emmerson Mnangagwa she now accuses of r...Published: 10 Aug 2022 at 08:42hrs | 4 | by Staff reporter
CABS taken to court over currency conversion
ARCHITECTURAL firm Stone/Beattie Studio has filed a High Court application seeking to recover US$142 000 from Central Africa Building Society (CABS) that was converted to the equivalent local unit fol...Published: 23 Jul 2021 at 08:58hrs | 2 | by Staff reporter
Zimbabwe is not a banana republic
Blessed Sunday good people.How was Friday?Has the Government changed yet?Is Nelson Chamisa now president of our teapot-shaped republic? Kikikiki.Yes, exactly as Bishop ...Published: 18 Aug 2019 at 09:30hrs | 3 | by Bishop Lazi
Zesa Holdings' breach of contract
THE frustration and futility of it all; no person living in Zimbabwe is happy with the current electricity supply situation.Not even the most hopeful optimists can think brightly about power c...Published: 27 Jul 2019 at 16:30hrs | 1 | by Miriam Tose Majome
Zimbabwe's curse of voodoo economics
I was attending a pre-conference of Christian pastors in Masvingo at the urgent invitation of Prophetess Elizabeth Chademana.I had been charged by the saints in Greenwood District of the Unite...Published: 07 Jul 2019 at 21:30hrs | 1 | by Kenneth Mufuka
WATCH: Fake Zim Dollar video goes viral
A video of some foreign nationals in possession of some gold platted Zimbabwean dollars has gone viral on the internet. The video shows the men entering a room and they speak to each other bef...Published: 27 Jun 2019 at 18:47hrs | 2 | by Mandla Ndlovu
CEOs call for dialogue between Mnangagwa and Chamisa
BUSINESS executives in the country have called for a national dialogue to address the challenges facing the country. The call follows last week's meeting between President Emmerson Mnangagwa and losin...Published: 14 Feb 2019 at 07:16hrs | | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 27 | by newZwire with The Source
Farm inputs prices skyrocket
The farming inputs such as fertilizer and maize seeds prices have escalated to unbearable levels as the farmers prepare for the farming season this year.The increases come at a time when the c...Published: 26 Oct 2018 at 17:01hrs | | by Stephen Jakes
From cash hoarders to panic buyers
On Monday, most Zimbabweans woke up to a WhatsApp message which read, "Buy basic commodities and keep them. The USD/bond rate is escalating at an alarming rate and the USD has disappeared. There...Published: 13 Oct 2018 at 07:07hrs | 1 | by Samantha Chipoyera
Zimbabwe: We rise and fall together
The prophets of 'scorched earth politics are at it again. Suddenly, according to their reading Zimbabwe is back to year 2008. What utter nonsense! The scenarios could never be more different. If we ar...Published: 10 Oct 2018 at 18:23hrs | 3 | by Lloyd Msipa
Zimbabwe a nation of contradictions
If Zimbabwe was a patient on a hospital bed we the relatives of the patient would have been expecting nothing less than being told by the doctors that the hospital has tried all we could do and we hav...Published: 10 Sep 2018 at 18:57hrs | 6 | by Isaac Nkomah
Mangudya's colourless phishing joke
I miss Gideon Gono. That's only because John Mangudya, his successor at the central bank, is that turtle you can't pick out from the rocks, which when it strays onto the road, looks and sounds like a ...Published: 09 Jul 2018 at 08:22hrs | 3 | by Tawanda Majoni
Is multi-tier pricing the problem or symptom?
As Zimbabwe's central bank tries to calm the problem it caused in the market through the introduction of bond notes in November 2016, questions have been raised on whether the multi-tier pricing syste...Published: 26 Jun 2018 at 07:17hrs | 1 | by Victor Bhoroma
Released convict tries to use bearer cheques
GONE for too long?There were hilarious scenes on Harare road in Bulawayo when a recently pardoned prisoner attempted to board a bus using bearer cheques.Bearer cheques were legal tende...Published: 06 Apr 2018 at 07:09hrs | | by Staff reporter
Zimbabwe cash crisis that won't go away
If there is one common theme that ran throughout Zanu PF's election strategy under former President Robert Mugabe is that it had a litany of high sounding and astounding promises that never got fulfil...Published: 03 Apr 2018 at 06:55hrs | 20 | by Learnmore Zuze
Nothing changes in Zanu-PF
To any right-thinking person, it would be foolish to expect President Emmerson Mnangagwa to fix Zimbabwe's broken economy in the few months he has been in the office.That is totally impossible...Published: 27 Mar 2018 at 11:28hrs | 2 | by Eric Chiriga
Cowardice, stubbornness behind Zimbabwe's demise
I have always believed that part of the fundamental duties or responsibilities of any leader - be it in the corporate, political and even social sphere - is to be able to speak the truth and accept it...Published: 31 Oct 2017 at 13:52hrs | | by Eric Chiriga
Warped World: Future is BitCoin, Zim opts for Billy Goat, Citizens choose memes
Zimbabwe's social media realm has been metaphorically invaded by unimpressive jokes and dull memes whose main theme is a since rebuffed proposal to adopt a primitive trading method whose currency is t...Published: 22 Apr 2017 at 19:55hrs | | by Chenai Makurumure
Bond notes likely to feed corruption
Where opacity and unaccountability thrive, corruption grows in direct proportion. The elite, like many other people in positions of influence, get carte blanche to abuse and manipulate systems. Th...Published: 22 Jan 2017 at 12:29hrs | | by Tawanda Majoni
Woman duped with fake Zimbabwean bearer cheques
Two Chitungwiza women were nabbed in Mvurwi Mashonaland Central province for conning a Mvurwi woman of her husband's bank card and purchased groceries with it yesterday (Wednesday).It is alleg...Published: 15 Dec 2016 at 11:39hrs | 2 | by Simbarashe Sithole
Miracle money 'prophet' arrested
A SELF-PROCLAIMED prophet from Gweru recently appeared in court for stealing money from church members under the guise that he was praying for it.Simbarashe Siziba (24) of Clonsilla suburb...Published: 12 Dec 2016 at 07:07hrs | 3 | by Staff reporter
Bond notes a disaster- Mutodi
A Zanu PF youth member Energy Mutodi has described the bond notes recently introduced by the Reserve Bank of Zimbabwe as a disaster to the citizens.He said Zimbabwean fiscal and monetary...Published: 07 Dec 2016 at 03:52hrs | 2 | by Stephen Jakes
'Bond notes not meeting demand for cash,' says Chinamasa
Finance minister Patrick Chinamasa says he knows that brand-new "#bondnotes" aren't meeting the demand for cash, a newspaper reported on Thursday.Chinamasa told parliament that Zimbabweans' ne...Published: 01 Dec 2016 at 14:42hrs | | by Staff reporter
The bond notes will fail in the same way the Zimdollar
.....and the bearers' cheque failed The Zimbabwe dollar that was inherited from the Rhodesian government in 1980 with the exchange rate of one to one w...Published: 29 Nov 2016 at 21:13hrs | | by Themba Mthethwa
Bond notes a disaster, says Energy Mutodi
A controversial Zanu-PF youth member Energy Mutodi has described the bond notes which the government is introducing this month end as a disaster for the nation.He said Zimbabwean fiscal an...Published: 14 Nov 2016 at 07:43hrs | | by Stephen Jakes
Bond notes 'are being printed in Zimbabwe,' says MDC-T
If Zimbabwe's little-liked bond notes aren't being printed in Germany or South Africa, where are they being printed? Zimbabwe, of course, say opposition officials.Until recently, the Reser...Published: 08 Nov 2016 at 10:26hrs | | by Staff reporter
Bank queues worsen
Winding queues of depositors, comprising pensioners, the working class and rural-based civil servants, have lengthened at banks.LONG queues worsened at Zimbabwe's banks hours after the Res...Published: 03 Nov 2016 at 07:03hrs | | by Staff reporter
Zimbabwean employers mull salary cuts over cash queues
EMPLOYERS are considering docking salaries for workers who squander productive time on cash queues but labour unions say they are prepared to fight such an "injustice" to the hilt. Cash shor...Published: 30 Oct 2016 at 10:35hrs | | by Staff reporter
Zimbabwe's bond notes stir memory of 500 million percent inflation
Zimbabwe's tentative return to its own currency is getting a hostile reception from citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation be...Published: 23 Oct 2016 at 11:35hrs | 1 | by Bloomberg
Bond notes in 8 days
The state media on Sunday reported that the central bank of Zimbabwe will take delivery of the new bond notes in the next eight days.Reserve Bank of Zimbabwe Deputy Governor Dr Kuphukile Mlamb...Published: 23 Oct 2016 at 07:29hrs | | by Staff Reporter
Takamuka petition Mugabe on bond notes
Protest movement #Tajamuka has drafted a petition to President Robert Mugabe over planned introduction of controversial bond notes.The group which has in recent months organised demonstrations...Published: 10 Oct 2016 at 09:31hrs | 1 | by Thobekile Zhou
Mujuru wants bond notes introduction declared unconstitutional
GOVERNMENT has urged the Constitutional Court to dismiss the bond notes challenge by Zimbabwe People First leader Dr Joice Mujuru, saying it lacked merit and was premised on speculation. A...Published: 22 Sep 2016 at 07:57hrs | | by Staff reporter
Win for Mujuru over Mugabe on Bond Notes
Former Vice President Joyce Mujuru has won a first against President Robert Mugabe after managing to wrestle a constitutional court date to challenge Mugabe over the introduction of Bond Notes in the ...Published: 21 Sep 2016 at 15:53hrs | | by Staff Reporter
Zimbabweans agonise over bond notes
Despite central bank governor John Mangudya's best efforts to assure wary Zimbabweans that the introduction of the country's much-distrusted bond notes next month would only do the dying local eco...Published: 18 Sep 2016 at 15:57hrs | | by Staff reporter
Mujuru fishing from the wrong pool
The recent attendance in the Rotten Row Magistrate' court by the Zimbabwe People First (ZimPF) leader, Dr Joyce Mujuru in the bail hearing of the Zimbabwe National Liberation War Veterans Association ...Published: 12 Aug 2016 at 07:12hrs | | by Mukachana Hanyani
Mujuru offside on bond notes
Dr Norman Vincent Peal was correct when he quipped; "the person who sends out positive thoughts activates the world around him positively and draws back to himself positive results". Zimbabwe has been...Published: 05 Aug 2016 at 06:54hrs | 1 | by Chadzimura Mhute
Bond notes illegal, says Mujuru
Zimbabwe People First leader Dr Joice Mujuru has approached the Constitutional Court challenging Government's decision to introduce bond notes as part of a raft of measures to stem the liquidity crunc...Published: 04 Aug 2016 at 06:40hrs | 1 | by Fidelis Munyoro
Mujuru offside on bond notes
Dr Norman Vincent Peal was correct when he quipped; "the person who sends out positive thoughts activates the world around him positively and draws back to himself positive results".Zimbabwe h...Published: 03 Aug 2016 at 09:10hrs | | by Chadzimura Mhute
'Mugabe among a few leaders who've made genuine, lasting difference in Africa'
ZANU PF Member of Parliament for Highfield West, Psychology Maziwisa has said President Robert Mugabe is among a few leaders who have made a genuine and lasting difference in Africa."Critics m...Published: 02 Aug 2016 at 13:04hrs | | by Ndou Paul
The gukurahundist regime has pushed itself in a tight corner
"We have decided to use the enemy currency because he cannot devalue his currency." The above high sounding statement made the nucleus of Zanu-pf's propaganda in defence of t...Published: 25 Jun 2016 at 21:21hrs | 1 | by Israel Dube
Gono breaks his silence on bond notes
FORMER Reserve Bank of Zimbabwe (RBZ) governor Gideon Gono has broken his silence on the recent decision by his successor, John Mangudya to introduce bond notes into the economy.Gono left his ...Published: 13 Jun 2016 at 07:31hrs | | by Staff reporter
#Thisflag a nation's pride has been restored
This flag campaign has brought back renewed hope in our country. For many years now our flag was associated with ZANU-PF. However this flag has changed that outlook. We now have the pride of raising t...Published: 11 Jun 2016 at 11:15hrs | 1 | by Mativenga Mbondiya
Tsvangirai warns, Zanu-PF wants to pay debt
Opposition MDC leader Morgan Tsvangirai has accused President Robert Mugabe's administration of seeking to pay off its local debt using bond notes.This comes as $245 million issued in treasury...Published: 06 Jun 2016 at 12:40hrs | | by Staff reporter
Death row prisoner tastes freedom after 26 years
IN 1990, the Government introduced an economic blueprint - Economic Structural Adjustment Programme - which became commonly known as Esap. Esap would grow in popularity to become one of the most commo...Published: 05 Jun 2016 at 11:18hrs | | by Robin Muchetu
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