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Zimbabweans are distraught by financial trauma
GOOD day, President Emmerson Mnangagwa.Your Excellency, as I see it, Zimbabweans are emotionally drained. They are overwhelmed by the severity of deprivation caused by the collapse of currenci...Published: 22 May 2024 at 09:52hrs | 17 | by Cyprian Muketiwa Ndawana
Investors wary of Vic Falls bourse
EXPERTS say the success of the impending Victoria Falls Stock Exchange (VFSE) will depend on whether foreign investors will be allowed to easily repatriate their investments.In July, Finance m...Published: 18 Sep 2020 at 07:07hrs | 2 | by Staff reporter
The futility of Mthuliconomics
We used to have that chap called Gideon Gono at the Reserve Bank of Zimbabwe. He was always full of energy, busy doing things that never solved any problem. The cynics called that egonomics.Go...Published: 11 Aug 2019 at 11:26hrs | 4 | by Tawanda Majoni
Introduction of Zimdollar to sink economy, say analysts
THE decision by government this week to abolish the multi-currency regime and re-introduce the Zimbabwean dollar as the sole legal tender could be catastrophic as the local currency's value may tumble...Published: 30 Jun 2019 at 09:05hrs | 1 | by Staff reporter
A uniquely Zimbabwean problem
As inflation, among other key economic indicators, keeps worsening at a pace reminiscent of the 2008 experience, public demands, often through protests, for dollarisation have become more pronounced. ...Published: 30 May 2019 at 07:58hrs | 2 | by Livison Bhebhe
Mangudya forecasts RTGS$ equilibrium with US dollar
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya forecasts an exchange rate equilibrium between the Real-Time Gross Settlement (RTGS) dollar and the United States dollar on the inter-bank trading...Published: 15 Mar 2019 at 17:17hrs | | by Staff reporter
Uganda Airlines eyes Harare route
Uganda Airlines is expected to soon join a host of other regional airlines flying into Harare.The airline, which recently acquired a fleet of planes, has put Harare on its radar of preferred d...Published: 06 Mar 2019 at 05:56hrs | 3 | by Staff reporter
Zimbabwe-bound truckers stuck at Beitbridge after duty hike
SEVERAL Zimbabwe-bound truckers are parked on the South African side of the Beitbridge Border Post as importers ponder their next move following a sharp increase in excise duty by government.T...Published: 04 Mar 2019 at 07:29hrs | | by Staff reporter
Mnangagwa shells out millions on cars
THE broke government is shelling out millions of dollars on vehicles for senior bureaucrats despite pledging to significantly cut expenditure under its much-publicised austerity plan, it has emerged....Published: 01 Mar 2019 at 18:44hrs | | by Staff reporter
Zimbabwe black market forex rate should drop to 60%
THE eagerly anticipated Monetary Policy Statement (MPS) for 2019 was finally delivered by the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya on Wednesday this week, the same day the budget stat...Published: 22 Feb 2019 at 09:09hrs | | by Brett Chulu
Air Tanzania to relaunch Harare, Dar es Salaam flights
AIR Tanzania is set to relaunch flights into Harare from Dar es Salaam this Friday at a time other airlines are pulling out of the country, citing currency challenges."Get to explore the beaut...Published: 20 Feb 2019 at 10:04hrs | 2 | by Staff reporter
Mangudya walks out of meeting with Mthuli Ncube
THERE was high drama after Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, in a fit of rage, tossed paper files at Finance minister Mthuli Ncube and walked out of a meeting, angrily slamming th...Published: 15 Feb 2019 at 15:37hrs | | by Staff reporter
Teachers' union leaders appear in court
Leaders of the Amalgamated Rural Teachers Union of Zimbabwe (ARTUZ) appeared in different courts on Thursday.ARTUZ President Obert Masaraure appeared at Harare Magistrates Court 6 for routine...Published: 14 Feb 2019 at 19:12hrs | 1 | by Mandla Ndlovu
Floating of bond notes not a solution
Floating of the bond notes is not in itself the solution to the challenges currently bedevilling the Zimbabwean economy, but rather proper financial management fundamentals must be put in place as a w...Published: 14 Feb 2019 at 08:58hrs | 1 | by Staff reporter
Proflight airlines suspends Harare-Lusaka route
ZIMBABWE'S aviation sector has suffered another blow after Proflight Zambia announced the suspension of the Harare-Lusaka flights at a time RwandAir also discontinued ticketing services in bond curren...Published: 24 Jan 2019 at 07:25hrs | 1 | by Staff reporter
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 | 2 | by Staff reporter
Growing unrest exposes official posturing
FAILURE by government to address the unrelenting currency crisis has come back to haunt the country as evidenced by widespread unrest triggered by the rising cost of living.Finance minister Mt...Published: 11 Jan 2019 at 10:00hrs | | by Staff reporter
Mnangagwa is in office but not in power
Emmerson Mnangagwa's presidency is characterised by passiveness, indecisiveness and escalating fuel shortages, looming strikes from civil servants, electricity black-outs and outbreaks of waterborne d...Published: 08 Jan 2019 at 11:15hrs | 6 | by Frazer Muzondo
'Selling fuel in forex not Government policy'
ENERGY and Power Development Minister Dr Joram Gumbo says the selling of fuel in foreign currency by some dealers is not Government policy. Some licensed service stations have been reportedly selling ...Published: 31 Dec 2018 at 17:11hrs | | by Staff reporter
Mnangagwa's government, battling to avert a full-blown strike
Emmerson Mnangagwa's government, battling to avert a full-blown strike by civil servants, has indicated that it would soon engage their leadership to find ways to cushion them from the choking wave of...Published: 08 Dec 2018 at 14:43hrs | | by Staff reporter
Zimbabwe ranks lowly on investment
ZIMBABWE attracted US$470 million in foreign direct investment (FDI) in 2018, making it one of the least attractive investment destinations in the Southern African Development Community.This c...Published: 30 Nov 2018 at 09:38hrs | 13 | by Staff reporter
Lonely country - Zimbabwe Vigil Diary
A new Zimbabwean investment drive has been taking place in the UK with a delegation led by Priscah Mupfumira, Minister of Environment, Tourism and Hospitality Industry. She offered a few hollow banali...Published: 12 Nov 2018 at 06:55hrs | 1 | by Zimbabwe Vigil Diary
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 | 23 | by abc.net.au/
Mnangagwa's command policies spark off market turmoil
GOVERNMENT'S commandist strategy to contain currency volatility and the rising tide of price increases ravaging Zimbabwe are likely to worsen an economic crisis that has persisted for decades while da...Published: 26 Oct 2018 at 08:25hrs | 1 | by Staff reporter
Civil servants bonus payment uncertain
PUBLIC Service minister Sekai Nzenza on Thursday told Senate that payment of civil servants' bonuses this year was uncertain as she was yet to negotiate the issue with Finance minister Mthuli Ncube....Published: 13 Oct 2018 at 07:20hrs | 8 | by Staff reporter
'Zanu-PF behaving like dogs' - Biti
During the launch of MDC Alliance Manifesto in Harare this morning PDP leader Tendai Biti said once their alliance wins the upcoming presidential elections they intend to remove Zanu-PF "dog-like" beh...Published: 07 Jun 2018 at 10:40hrs | 1 | by Staff Reporter
Zimbabwe to face inflationary spirals
In order to maintain a sustainable purchasing power equal to the rising cost of living reflected by a Consumer Price Index (CPI), a taxable salary or wage must increase faster than the increase in the...Published: 26 Jan 2018 at 07:54hrs | | by George Musvovi
The need for level-headed fiscal policy in crafting fiscal policy
Given the basic economic and financial principles governing the issuance and circulation of currency, one wonders at the fiscal acumen of the genius that introduced the quasi-currency we know as the b...Published: 29 Dec 2017 at 10:59hrs | | by Benjamin Rukanda
The Demise of Mugabe: 50 + 1 Constitutional Clause
Zimbabwe's economy is in intensive care. The ugly face of inflation is back with a vengeance, there is no employment to talk about, and the country is running on useless paper called 'bond currency.' ...Published: 12 Mar 2017 at 19:52hrs | | by Sam Wezhira
New Year's message to Zimbabweans by Dr Dabengwa
My fellow countrymen the year 2016 has been a year of great difficulties that started and is ending with political uncertainty and a deteriorating economy, as we have stumbled towards the end of the y...Published: 30 Dec 2016 at 20:54hrs | | by Dr. D. Dabengwa - Zapu President
RBZ sings a different tune on bond notes
Reserve Bank of Zimbabwe (RBZ) governor John Mangudya says the central bank may not inject bond notes worth $75 million into the market by year-end as earlier promised, insisting there was need to...Published: 27 Nov 2016 at 09:08hrs | | by Staff reporter
Get ready for bond notes - RBZ
The Zimbabwe Reserve Bank today confirmed the introduction of local bond currency at the end of October just in time to pay civil servants bonuses.By end of December $75million worth of ...Published: 15 Sep 2016 at 12:10hrs | | by Thobekile Zhou
Zimbabwe will not introduce a bond notes next month if....
The Zimbabwean central bank says the troubled southern African country will not introduce a local bond currency next month if there are no exports as pressures mounts for Harare to scrap its plans...Published: 02 Sep 2016 at 07:24hrs | | by Staff reporter
Emptiness is MDC-T's bond-age!
So much has been said about the proposed introduction of bond notes by the Reserve Bank of Zimbabwe. A fortnight ago, RBZ chief John Mangudya announced that the central bank would inject more bond cur...Published: 14 May 2016 at 09:19hrs | 1 | by Staff reporter
Prophets of doom and limited vocabulary
Yesterday, one newspaper led with the headline, "Panic as Zim economy dies".We were not surprised as such by the headline and the cynicism that is the hallmark of this opposition newspaper....Published: 07 May 2016 at 20:12hrs | 1 | by Staff reporter
Mugabe's bond notes trigger Zim-dollar fears
There is palpable fear among ordinary Zimbabweans that the country has plumbed the debilitating economic depths of 2007/2008 when shops were empty and inflation hit world-record levels, resulting in u...Published: 06 May 2016 at 19:58hrs | | by Staff reporter
Beer prices to drop from tomorrow
Beer consumers have received an early New Year's gift following Delta Beverages announcement that starting on Monday beer prices will go down in line with the reduction in excise duty on clear beer a...Published: 28 Dec 2014 at 17:55hrs | | by Staff Reporter
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