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Mthuli Ncube's import duty waiver on basic goods praised
ZIMBABWEANS have applauded the Government for lifting all restrictions on the import of basic commodities to boost market supplies and granting a 100 percent retention of domestic foreign currency ear...Published: 06 Jun 2023 at 06:17hrs | 140 | by Staff reporter
Zimdollar's black month
THE official auction and interbank exchange rates rose by about 100% and 150%, respectively, last month marking a significant depreciation of the Zimbabwe dollar, a new report has found.At the...Published: 05 Jun 2023 at 06:53hrs | 1203 | by Staff reporter
RBZ cannot control black market exchange rate
THE Reserve Bank of Zimbabwe (RBZ) is not responsible for the skyrocketing black-market exchange rate amid rising inflation in the country, according to the its senior payment systems analyst, Howard ...Published: 05 Jun 2023 at 06:48hrs | 721 | by Staff reporter
Zimbabwe's August 23 elections are already rigged
Forever Associates of Zimbabwe (Faz) is, in deed, a new kid on the block, even though it's not that new.It's new in the sense that while it was established as a trust way back in 2012, it hasn...Published: 04 Jun 2023 at 08:36hrs | 176 | by Tawanda Majoni
Zimdollar in spectacular crash
THE Zimbabwe dollar crashed by a whopping 60% against the United States dollar in May alone, underlining a raging economic crisis that has wiped salaries and sent prices soaring.Zimbabwe's eco...Published: 02 Jun 2023 at 06:48hrs | 1678 | by Staff reporter
Stage set for bruising August 23 polls
ZIMBABWEANS head to the polls on August 23 after President Emmerson Mnangagwa made the long-awaited proclamation yesterday.Mnangagwa's proclamation in an Extraordinary Government Gazette set t...Published: 02 Jun 2023 at 06:44hrs | 158 | by Staff reporter
'Dump Zimdollar'
ECONOMIC analysts have said Finance minister Mthuli Ncube's new measures introduced on Monday have very little chance of saving the Zimbabwe dollar from collapse.They instead advised Ncube to ...Published: 01 Jun 2023 at 06:47hrs | 1046 | by Staff reporter
Stage set for bruising August 23 polls in Zimbabwe
ZIMBABWEANS head to the polls on August 23 after President Emmerson Mnangagwa made the long-awaited proclamation yesterday.Mnangagwa's proclamation in an Extraordinary Government Gazette set t...Published: 01 Jun 2023 at 06:46hrs | 310 | by Staff reporter
Mealie-meal shortage hits Zimbabwe?
ILLICIT deals involving some unscrupulous suppliers and traders have been blamed for creating artificial shortages of mealie-meal in formal shops while the commodity is being diverted to the streets a...Published: 01 Jun 2023 at 06:42hrs | 375 | by Staff reporter
Mthuli Ncube out of touch with reality
The Finance Minister Muthuli Ncube has forgetten what he was really appointed for and needs somemone to spell out his duties.The Finance Minister is now behaving more like a politician than a ...Published: 30 May 2023 at 09:36hrs | 1329 | by Leonard Koni
Mnangagwa govt failure to curb graft stalling development
OPPOSITION United Movement for Devolution (UMD) leader Lovemore Moyo has accused government of failing to deal with corruption saying graft has hindered financing of development projects.Moyo ...Published: 30 May 2023 at 06:50hrs | 212 | by Staff reporter
Mthuli's theatrics expose government lack of seriousness in addressing Zim economic crisis!
So, finance minister Mthuli Ncube, over the weekend, went around shops in Bulawayo, like a crazed vigilante, tearing down tags displaying prices strictly in US dollars!He even berated a haples...Published: 29 May 2023 at 23:02hrs | 541 | by Tendai Ruben Mbofana
Mnangagwa govt fails to rig price hikes
The Reserve Bank of Zimbabwe (RBZ) has frozen bank accounts of four major distributors of basic commodities as President Emmerson Mnangagwa's government scrambles to find solutions to soaring prices a...Published: 28 May 2023 at 08:09hrs | 165 | by Staff reporter
4 rogue firms' accounts frozen
BANK accounts belonging to four major basic commodity distributors have been frozen for suspected economic sabotage, while unscrupulous manufacturers and pharmaceutical companies also face the same co...Published: 28 May 2023 at 07:59hrs | 91 | by Staff reporter
Zimbabwe civil servants vow to escalate wage demands to Mnangagwa
Civil servants have threatened to escalate their wage demands to President Emmerson Mnangagwa if government officials under the Zimbabwean leader continuously fail to heed their calls.Under th...Published: 27 May 2023 at 09:07hrs | 603 | by Staff reporter
Jonathan Moyo tackles Mthuli Ncube
EXILED former cabinet minister, Jonathan Moyo has taken a swipe at Finance minister, Mthuli Ncube for turning a blind eye to the deteriorating economic situation as the local currency continues to exp...Published: 25 May 2023 at 06:28hrs | 2894 | by Staff reporter
Zimdollar in record crash
THE Zimbabwe dollar tumbled by nearly 26% on the official market on Tuesday, the biggest collapse in one day since the auction system was introduced three years ago, while a government inquiry accused...Published: 25 May 2023 at 06:24hrs | 746 | by Staff reporter
'Mthuli Ncube sabotaging Mnangagwa re-election bid'
FORMER Tourism minister Walter Mzembi has blamed Mthuli Ncube for failing to tame spiralling prices of basic commodities, which are militating against President Emmerson Mnangagwa's re-election bid fo...Published: 23 May 2023 at 06:47hrs | 2374 | by Staff reporter
Forex speculators to face disciplinary action
THE market should expect significant restoration of stability in the pricing of basic goods in response to comprehensive Government measures while disciplinary action will be swiftly meted against bus...Published: 23 May 2023 at 06:34hrs | 418 | by Staff reporter
Mnangagwa in panic mode
PRESIDENT Emmerson Mnangagwa has pressed the panic button over galloping prices of basic commodity as he accused retailers of plotting his defeat ahead of the August elections. Retailers last ...Published: 22 May 2023 at 06:40hrs | 5155 | by Staff reporter
Money changers hijack POS machines for big transactions
DECKED out in trendy designer wear, clutching energy drink cans and munching take-aways while engaging in high-pitched conversations, illegal money changers, popularly known as osiphatheleni who have ...Published: 22 May 2023 at 06:35hrs | 1115 | by Staff reporter
Chamisa's MPs wants Zimbabwe to dump the Zimdollar
GOVERNMENT has defied opposition calls to abandon the local currency despite its spectacular free-fall and price spikes that have seen businesses abandoning it.In Parliament on Wednesday, oppo...Published: 19 May 2023 at 20:45hrs | 568 | by Staff reporter
Anger mounts in Zimbabwe as prices rocket
ZIMBABWE'S currency further crashed this week, precipitating waves of basic commodity price hikes, which were slammed by consumer watchdogs.In a survey, the Zimbabwe Independent found that man...Published: 19 May 2023 at 20:42hrs | 453 | by Staff reporter
Zimbabwe government defies calls to abandon Zimdollar as it continues to lose value
Inflation in Zimbabwe is currently at 75%, and is expected to rise even higher in the coming months. This is due in part to the government's decision to print more money in an attempt to finance its b...Published: 19 May 2023 at 08:41hrs | 1912 | by Staff Reporter
Mliswa fights baby mama in maintenance fees arrears
Norton legislator Temba Mliswa today blamed his baby mama saying the justice administration is being taken for a ride as he had paid all his arrears.The legislator is facing allegations of fai...Published: 15 May 2023 at 18:57hrs | 289 | by Staff reporter
If Mnangagwa had a shop how much would he sell a loaf of bread?
It is really sickening whenever I hear senior government and ruling ZANU PF party officials always choosing to fault business every time prices of basic commodities shoot up. Over this past we...Published: 15 May 2023 at 11:19hrs | 803 | by Tendai Ruben Mbofana
Zimbabwe central bank confident of price stability
ABOUT $40 billion, some of which could have found its way onto the black market, has been mopped up from the market in less than 10 months through gold coins and gold-backed digital tokens, in a devel...Published: 14 May 2023 at 11:32hrs | 135 | by Staff reportetr
Mnangagwa's administration panicking
FORMER Finance minister and opposition legislator, Tendai Biti, says government's latest interventions to save the free-falling local currency expose panic in President Emmerson Mnangagwa's administra...Published: 13 May 2023 at 18:27hrs | 619 | by Staff reporter
Demanding school fees in USD only illegal, says Govt
It is illegal for schools to demand fees in Us dollars only without the alternative for parents to pay in local currency, the National Assembly heard on Wednesday.Zimbabwean schools opened on ...Published: 13 May 2023 at 18:24hrs | 38 | by Staff reporter
Zimdollar stares fresh setbacks as crisis deepens
ZIMBABWE'S currency will continue depreciating in the coming months, as multiple headwinds exert pressure on the unit, which surrendered 34% of its value to the United States dollar in April, accordin...Published: 12 May 2023 at 06:06hrs | 456 | by Staff reporter
Zimbabwe nurses bemoan 'slave wages'
NURSES have complained of being denied access to loans because of poor salaries, saying without being paid in United States dollars, it will be difficult for them to remain in the country.Acco...Published: 12 May 2023 at 06:04hrs | 374 | by Staff reporter
Zimbabwe govt lifts import restrictions on basics
GOVERNMENT has lifted all restrictions on the importation of basic commodities to boost market supplies and granted 100 percent retention of domestic foreign currency earnings, with a further fine-tun...Published: 12 May 2023 at 06:00hrs | 386 | by Staff reporter
Parly summons Mthuli Ncube
PARLIAMENTARIANS have summoned Finance minister Mthuli Ncube to explain what measures he was implementing to tame inflation and stabilise the free-falling Zimdollar.The local currency, reintro...Published: 11 May 2023 at 05:32hrs | 794 | by Staff reporter
Outcry over school fees hike
SCHOOLS open today for the second term with parents and guardians raising concerns over sharp increases in fees amid economic turmoil.The unaffordable fees demanded by schools follow revelatio...Published: 09 May 2023 at 06:05hrs | 203 | by Staff reporter
Outcry over school fees hike
SCHOOLS open today for the second term with parents and guardians raising concerns over sharp increases in fees amid economic turmoil.The unaffordable fees demanded by schools follow revelatio...Published: 08 May 2023 at 06:13hrs | 572 | by Staff reporter
Falcon College pegs fees at $11 million
UPMARKET Falcon College has pegged its second term fees at a staggering US$10,588.79 just as University of Zimbabwe (UZ) students celebrate a High Court judgement barring the institution from hiking t...Published: 06 May 2023 at 06:37hrs | 1802 | by Staff reporter
Businesses ditch Zimdollar
GOVERNMENT yesterday threatened to unleash the Financial Intelligence Unit (FIU) on retailers refusing payment in the local currency or limiting the number of items consumers can buy in Zimdollar, whi...Published: 28 Apr 2023 at 07:04hrs | 1238 | by Staff reporter
'Zimbabwe central bank selling gold coins at a loss'
THE Reserve Bank of Zimbabwe (RBZ) is making a huge loss by selling gold coins in local currency using the official rate as the Zimbabwean dollar continues on a free fall, a local think tank has said....Published: 27 Apr 2023 at 06:32hrs | 1071 | by Staff reporter
Zimbabwe price spikes spook consumers
A NEW wave of price hikes, triggered by the plummeting local currency on the parallel market, has thrown many consumers off balance.As of yesterday, the local currency was trading between $1 8...Published: 26 Apr 2023 at 06:35hrs | 868 | by Staff reporter
It's time for political gimmicks
As we draw near the 2023 elections we have so far witnessed the propaganda mill machines conveying cheap political gimmicks for example the recently launc...Published: 25 Apr 2023 at 06:20hrs | 209 | by Leonard Koni
'Black market rates to fall,' dreams RBZ
THE Reserve Bank of Zimbabwe (RBZ) is set to introduce a gold-backed digital currency to be used as legal tender for transacting in the country as part of interventions to stabilise the local currency...Published: 23 Apr 2023 at 07:48hrs | 169 | by Staff reporter
Kombi operators hike fares
COMMUTER omnibus operators in Bulawayo have increased fares in local currency by almost 100 percent.This has drawn condemnation from commuters who feel the hike is unjustified given that the p...Published: 07 Apr 2023 at 09:11hrs | 263 | by Staff reporter
More contractors blacklisted over illegal foreign currency deals
The crackdown on companies that channel funds to the illegal foreign currency market has been widened, with 13 more firms being blacklisted for their involvement.In November last year, 19 comp...Published: 04 Apr 2023 at 06:21hrs | 181 | by Staff reporter
Zimbabwe gold smugglers use South African banks, bribes to launder money
Several key officials at three major South African banks are helping a gold smuggling gang launder millions of dollars of dirty cash in exchange for regular bribes, an Al Jazeera investigation has fou...Published: 01 Apr 2023 at 17:56hrs | 1403 | by Staff reporter
Zimbabwe's monthly inflation goes negative
Monthly inflation went negative last month to -1,6 percent, meaning prices fell on average, according to ZimStat, the national statistics agency, using the new weighted consumer price index that takes...Published: 06 Mar 2023 at 05:14hrs | 297 | by Staff reporter
Open Letter: Mine loses millions worthy of diamonds as workers engage in illicit diamond panning
Dear, Some "lucky" Murowa Diamonds Mine workers have become rich overnight after a well-orchestrated and carefully executed diamond stealing process went on undetected for months leaving some ...Published: 26 Feb 2023 at 11:04hrs | 2032 | by Concerned Murowa Resident
Zimdollar official rate converges with black market premium on RBZ Auction
THE Zimdollar official exchange rate has converged with the parallel market premiums while at the same time falling within internationally acceptable margins the Reserve Bank of Zimbabwe (RBZ) Foreign...Published: 15 Feb 2023 at 05:04hrs | 4312 | by Staff reporter
'Zimbabwe gold coins a masterstroke,' claims Mnangagwa
THE introduction of gold coins by the Reserve Bank of Zimbabwe (RBZ) has been a masterstroke, as it has brought the equivalent of US$27,5 million into the formal system and helped in the economic turn...Published: 13 Feb 2023 at 05:15hrs | 259 | by Staff reporter
RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 29 Jan 2023 at 07:42hrs | 2662 | by Staff Reporter
Zimdollar plunges to record low
Zimbabwe's currency plunged to a record in the unauthorised market on Monday after the government urged suppliers not to buy foreign currency with payments recently received from the government....Published: 10 Jan 2023 at 18:25hrs | 3497 | by Staff reporter
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