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Zimbabwe govt suppliers plot Treasury showdown at funeral parlour
In an extraordinary show of desperation, Zimbabwean government contractors used the funeral wake of one of their own last Thursday to plot emergency engagements with Treasury officials, warning that u...Published: 30 May 2025 at 12:11hrs | 554 | by Staff reporter
Private sector efficiency: South Africa's Murray & Roberts enters business rescue
Murray & Roberts (M&R) Limited has entered business rescue due to a severe cash crunch in its South African operations. The company, whose shares have fallen 64% recently, is also look...Published: 24 Nov 2024 at 15:40hrs | 2041 | by Staff reporter
Zimbabwe finance ministry bans foreign trips
The Zimbabwean government is tightening its belt in response to a severe cash crunch as it approaches the end of 2024. Finance Secretary George Guvamatanga has announced measures aimed at curbing spen...Published: 18 Nov 2024 at 15:24hrs | 5554 | by Staff reporter
Fumvudza/ intwasa input scheme in disarray over US$300 million debt to suppliers
A government initiative aimed at providing free access to seed and fertilizer for communal farmers is encountering significant obstacles, as it has been revealed that the state owes suppliers more tha...Published: 30 Oct 2024 at 08:28hrs | 180 | by Staff reporter
ZiG fails to break Zimbabwe's cash crunch
Informal traders at Harare's Mbare market, a bustling center of commerce generating millions of US dollars weekly, have revealed their ongoing struggle with a cash shortage, hitting women vendors the ...Published: 18 May 2024 at 12:18hrs | | by Staff reporter
Chiwenga summoned
PARLIAMENT has summoned Vice-President Constantino Chiwenga to give a ministerial statement on the chaos at Premier Service Medical Aid Society (Psmas), as well as inform the nation why the public hea...Published: 05 Mar 2023 at 14:02hrs | 2 | by Staff reporter
Inside Zimbabwean tycoon Billy Rautenbach's offshore family trust
Records from a massive offshore data leak have provided the most detailed account yet of buccaneering mining and fuel magnate Billy Rautenbach's family empire.It started with a marriage settle...Published: 05 Oct 2021 at 06:40hrs | 9 | by Daily Maverick
Zimbabwe govt rejects request to pay duty in forex
This comes as Treasury authorities want to ensure the country moves towards broader use of the local currency.Responding to a letter of request by Shallom Fiscal Consultant managing director, ...Published: 05 Mar 2021 at 17:40hrs | 1 | by Staff reporter
Bold revamp doubles EcoCash capacity
AN extensive revamp of the EcoCash platform that sent markets into complete turmoil in November last year doubled the mobile money transfer operation's capacity to 450 transactions per second, accordi...Published: 06 Dec 2020 at 08:36hrs | | by Staff reporter
Tension grows as government clamps down on dissent
Teargas and truncheons returned to Zimbabwe's cities in recent days, as protesters took to the streets to express their discontent at the deteriorating economy.Protests began on August 16 in H...Published: 25 Aug 2019 at 18:47hrs | 2 | by Staff reporter
'New Zimdollar not priority,' says Mthuli Ncube
Finance and Economic Development Minister Professor Mthuli Ncube said on Tuesday Government was not in a hurry to issue new Zimbabwean dollar notes/coins, but rather focused on the need to replace soi...Published: 22 Aug 2019 at 07:36hrs | | by Staff reporter
Zimdollar return: Beware the cobra effect
Last month, the government took all and sundry by surprise when it banned the use of multi-currencies in all local transactions and reintroduced the Zimdollar; abandoned due hyperinflation in 2009....Published: 24 Jul 2019 at 08:24hrs | 2 | by Cliff Chiduku
Chamisa vows to modernise MDC
The Movement for Democratic Change (MDC) elected Nelson Chamisa unopposed to remain as leader at its first congress since the death of its founder, Morgan Tsvangirai, the party announced Monday....Published: 28 May 2019 at 08:16hrs | | by AFP
Chamisa's MDC meets to endorse him
Zimbabwe's main opposition this weekend is expected to elect Nelson Chamisa as its next president in its first congress since the death of its revered founder, Morgan Tsvangirai.The Movement f...Published: 25 May 2019 at 08:40hrs | | by AFP
Chamisa's congress hit by cash crunch
THE Nelson Chamisa-led MDC has been hit by a financial squeeze which has forced it to dig deeper into members' pockets to fund travel, food and accommodation costs for its over 6 000 congress delegate...Published: 18 May 2019 at 10:03hrs | 2 | by Staff reporter
Government to introduce a new currency called E-Zollar by September?
In a pretexted bid to bring an end to the nation's perennial nightmarish currency woes, government is allegedly working on a secret plan to introduce a digital Zimbabwe dollar, as soon as a new curren...Published: 29 Mar 2019 at 09:00hrs | 14 | by Spotlight
Zimbabwe telecom companies being ditched by foreign partners
Zimbabwe's telecommunications companies are being deserted by their foreign partners that service and upgrade their systems due to inability to meet payment obligations in foreign currency. Te...Published: 22 Mar 2019 at 06:20hrs | 2 | by Staff reporter
Proposed govt law to bring clarity on forex repatriation fears
PRESIDENT Emmerson Mnangagwa's government is in the process of formulating a law that would spell out how foreign investors can repatriate their profits from Zimbabwe, a country facing foreign currenc...Published: 21 Mar 2019 at 07:31hrs | 1 | by newzimbabwe
Egodini Mall project stalls
ZIMBABWE's financial meltdown has brought the construction of the Egodini Mall — set to be the biggest public transport terminus boasting a retail section and parking bays in Zimbabwe's second large...Published: 17 Mar 2019 at 18:09hrs | 2 | by Staff reporter
A lot of US dollar buyers, but no sellers over low rate set by RBZ
Zimbabwe's new currency will be backed up with fiscal discipline, Finance Minister Mthuli Ncube said on Monday, adding that the government would allow the RTGS dollar to fluctuate but would manage exc...Published: 26 Feb 2019 at 06:41hrs | 1 | by ZimLive
Mnangagwa's gamble works for the economy
Monetary Policy is defined as an attempt to achieve broad economic goals by the regulation of the supply of money. The 2018 Monetary Policy Statement (MPS) was prepared on the narrative that Zimbabwe ...Published: 23 Feb 2019 at 09:09hrs | 1 | by Dr Masimba Mavaza
Zanu PF blocks MDC bid to scrap 2% tax
A BID by the main opposition MDC Alliance legislators to have the 2% transaction tax cut to 0,5% hit a snag in the National Assembly when Zanu PF legislators used their majority to vote for its implem...Published: 24 Dec 2018 at 19:32hrs | | by Staff reporter
Govt, doctors talks deadlocked
THE strike by doctors at public hospitals, which started last weekend, is set to continue after a meeting between Health minister Obadiah Moyo and the doctors' representatives yesterday ended without ...Published: 06 Dec 2018 at 05:47hrs | | by Staff reporter
Zimbabwe must adopt the rand, says Fitch Solutions
ZIMBABWE must adopt the South African Rand to deal with the worsening currency crisis caused by the shortage of United States dollars, an international research firm has said. United Kingdom-b...Published: 18 Nov 2018 at 07:46hrs | 3 | by Staff reporter
KFC Zimbabwe runs out of money to buy chickens
Leading fast-food chains in Zimbabwe have shut their doors as the cash crunch in the country worsens - just two months after President Emmerson Mnangagwa won elections.KFC put up notices at it...Published: 10 Oct 2018 at 16:21hrs | 2 | by BBC
30 July: Zanu-PF has lost the battle for common sense
In an intelligent but unpublished BA Honours dissertation titled "The Challenges faced by Opposition parties in rural Zimbabwe: The case of MDC in Gutu South, 2000-2006", John Mutumburanzou examines t...Published: 26 Jul 2018 at 07:24hrs | 2 | by Munyaradzi Ziburawa
Is Mnangagwa going the Yahya Jammeh-way?
As 30 July poll beckons, the atmosphere flares up as parties crisscross the lengths and breadths of the country soliciting votes from a poverty-ridden electorate. All candidates mete out plans to revi...Published: 18 Jul 2018 at 15:43hrs | 1 | by Benny Gudo
Zimbabwe must have own currency, says Mukupe
ZIMBABWE should introduce its own currency that will be backed by commodities to deal with the prevailing cash crunch, a Minister has said.Addressing delegates at the Chief Executive Officer (...Published: 17 Jun 2018 at 10:44hrs | | by Staff reporter
Reserve Bank of Zimbabwe gets $400m to ease cash crisis
CASH shortages will ease in coming weeks after the Reserve Bank of Zimbabwe imported $400 million, while tobacco and gold export earnings are expected to boost liquidity.A shift towards plasti...Published: 13 May 2018 at 07:47hrs | | by Staff Reporter
Mnangagwa threatens to prosecute forex culprits
President Emmerson Mnangagwa on Monday named hundreds of mines, Chinese businesses and individuals who had illegally transferred foreign currency abroad during Robert Mugabe's rule and warned they wou...Published: 19 Mar 2018 at 15:10hrs | | by AFP
Chamisa's electoral message packaging pathetic
EVENTS that followed the death of former MDC-T leader Morgan Tsvangirai, who succumbed to colon cancer on February 14, showed that his successor Nelson Chamisa certainly embodies the public appeal and...Published: 09 Mar 2018 at 12:21hrs | | by Faith Zaba
Going Digital- Removing the hassle out of school fees payments in Zimbabwe
Cash is a crisis in Zimbabwe. Depending on where you stand on the digital financial inclusion discussion, this could be a great opportunity or a great inconvenience. One thing that canno...Published: 07 Mar 2018 at 07:18hrs | 4 | by Agencies
Mnangagwa's '100 days of Mugabe's 37 years'
AFTER taking power on the back of a bloodless coup last November, President Emmerson Mnangagwa promised it would "business unusual" and indeed in some respects there have been signs of change, but on ...Published: 03 Mar 2018 at 11:30hrs | | by Richard Chidza
Mnangagwa fails to 'coup' cash crisis
Cash shortages in Zimbabwe have persisted more than a month after the new administration led by President Emmerson Mnangagwa assumed power.A snap survey last week by Standardbusiness establish...Published: 21 Jan 2018 at 11:19hrs | 2 | by staff reporter
Political, policy uncertainties major setbacks for new govt
POLITICAL and policy uncertainty stand out as the elephants in the room for the new government as it targets an ambitious economic growth rate of 4,5%, a figure far much higher than the 0,9% projected...Published: 19 Jan 2018 at 16:59hrs | | by Staff reporter
PHOTOS: Acting MDC-T President Mudzuri tours banks, industries in Harare
The MDC acting President, Engineer Elias Mudzuri, toured banks and the now moribund industries in the once-thriving Southerton industrial area in Harare.Party's presidential spokesperson Luke ...Published: 12 Jan 2018 at 11:58hrs | 1 | by Stephen Jakes
Zimbabwe opposition politics faces annihilation
Opposition political parties are quickly losing their relevance in the Zimbabwean political arena. Their political relevance has been hinged on the now obsolete "Mugabe Must Go" mantra which was recen...Published: 04 Dec 2017 at 07:27hrs | 3 | by Prosperity Mzila
WATCH: Zimbabwe to ditch US$ for the Rand?
There is speculation on social media on whether Zimbabwe has adopted the South African rand as the official currency over the United State Dollar.A report by SABC suggests that, President Robe...Published: 04 Oct 2017 at 15:52hrs | 13 | by Staff reporter
Zimbabwe is the hottest stock market of 2017
The Zimbabwe Industrial Index, which is the main index on the exchange that contains every company except for a handful of mining stocks, is up almost 64% on the year in USD terms. The next best stock...Published: 05 Sep 2017 at 17:57hrs | | by Staff writer
Bosso acquires swipe machines
HIGHLANDERS have decided to move along with technology by acquiring swipe machines for use by their members and patrons for ease of doing business in view of the prevailing cash crunch in the country....Published: 05 Aug 2017 at 09:18hrs | | by Staff reporter
Unity among Mugabe's opponents falter
NEGOTIATIONS to unite Zimbabwe's opposition against President Robert Mugabe's ruling party before elections next year are foundering on disputes over who'll be the alliance leader and guarantees of se...Published: 27 Jul 2017 at 08:21hrs | | by Bloomberg
PSL to introduce EcoCash as a payment method
THE Lager Premier Soccer League (PSL) is set to introduce EcoCash as a payment method at football stadia to mitigate against the country's cash crunch.The mobile money payment solution that en...Published: 08 Jul 2017 at 08:29hrs | 2 | by Staff reporter
New airline seeks Zimbabwe permit
A new commercial airline, Emerald Airlines has applied for a Zimbabwean air service permit to service local, regional and international routes. This comes as some local airlines are struggling...Published: 20 Jun 2017 at 07:06hrs | | by Staff reporter
Potraz, RBZ in mobile payments talks
THE Postal Telecommunications Regulatory Authority of Zimbabwe is locked in discussions with the Reserve Bank of Zimbabwe in an effort to seamlessly integrate mobile payment platforms with national pa...Published: 04 Jun 2017 at 20:20hrs | | by Staff reporter
Zimbabwe mulls Zimdollar return
There is widespread panic among both businesses and ordinary Zimbabweans alike, after President Robert Mugabe's ever-floundering government ill-advisedly announced last Tuesday that it was working on ...Published: 21 May 2017 at 16:32hrs | | by Staff reporter
DStv Zimbabwe payments tightened further
Johannesburg - Banks in Zimbabwe have further tightened the screws on payments for MultiChoice's platform, DStv, halting internet and point-of-sale payments as the cash squeeze in the country worsens....Published: 15 May 2017 at 13:56hrs | 1 | by Staff reporter
Govt at odds over rand adoption
President Robert Mugabe's administration is at odds over proposed currency reforms, with divergent views emerging about adopting the South African rand as Zimbabwe's anchor currency.Fiscal and...Published: 14 May 2017 at 15:56hrs | | by Staff reporter
Zimbabwe bank queues get longer
Despite authorities injecting more bond notes into the market and increasing their weekly importation of United States dollars by 50 percent, the government is dismally failing to stem the country's s...Published: 09 May 2017 at 10:28hrs | | by Staff reporter
New airline seeks Zimbabwe permit
A new commercial airline - Zimskies Airlines (Zimskies) - has applied for a Zimbabwean air service permit to service local, regional and international routes.This comes as some local airlines ...Published: 03 May 2017 at 07:01hrs | 5 | by Staff reporter
Zimbabwe's dying economy a 'ticking bomb'
Long-suffering Zimbabweans have laid into President Robert Mugabe's misfiring government, warning that the country's dying economy, worsening cash shortages and rising poverty levels are "a ticking ti...Published: 30 Apr 2017 at 14:19hrs | 3 | by Staff reporter
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