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RBZ speaks on Mthuli Ncube, Mangudya fight
The Reserve Bank of Zimbabwe has called upon Zimbabweans to reject reports that there was an angry exchange of words between Finance Minister Professor Mthuli Ncube and and RBZ Governor John Panonetsa...Published: 15 Feb 2019 at 17:16hrs | 17462 | by Mandla Ndlovu
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 | 17962 | by Staff reporter
Calls for Zimbabwe to join Rand Monetary Union grow
Zimbabwe must seriously look into the possibility of joining the Rand Monetary Union as the central bank mulls introducing a fresh monetary policy tool to alleviate foreign currency shortages, the hea...Published: 15 Feb 2019 at 14:44hrs | 3038 | by Staff reporter
Number plates shortage: Cops harass motorists
Motorists say they are still facing challenges using temporary number plates on their vehicles even after government announced an extension of their life-span.The temporary plates used to be v...Published: 15 Feb 2019 at 14:44hrs | 1043 | by Staff reporter
Banks plunge into fresh crisis
THE Reserve Bank of Zimbabwe (RBZ) shot down an urgent request by commercial banks to raise interest rates and transaction charges at a crisis meeting held in Harare last week, arguing the move would ...Published: 15 Feb 2019 at 14:35hrs | 2809 | by Staff reporter
The Mnangagwa regime
The violent suppression of Zimbabweans protesting rising fuel costs and food shortages by security forces has prompted debates in the UK Parliament on the growing crisis in the African state. Here we ...Published: 15 Feb 2019 at 14:35hrs | 869 | by Louisa Brooke-Holland
Government committed to implementing reforms
The new administration under the leadership of President Emmerson Mnangagwa has shown serious commitment in amending major reforms, which are mainly economic, political and media reforms, as shown by ...Published: 15 Feb 2019 at 11:45hrs | 786 | by Gift Mashoko
Government silence on battlefields disaster a disgrace
A dark cloud has enveloped Zimbabwe following the Battlefields disaster where 38 miners are presumed dead. Our thoughts and prayers are with the family of the miners.The MDC is however concern...Published: 15 Feb 2019 at 09:41hrs | 1195 | by Jacob Mafume
RioZim resumes operations
Zimbabwe listed and diversified miner, RioZim has resumed operations at its three gold mines that had it voluntarily shut down earlier this month after failing to access foreign currency from bul...Published: 15 Feb 2019 at 09:28hrs | 745 | by Ndou Paul
Economists want US dollar floated
Zimbabwean economists wantReserve Bank of Zimbabwe Governor Dr John Mangudya to increase foreign currency retention thresholds for exporters, libelarise the US dollar exchange rate and introduce an in...Published: 15 Feb 2019 at 08:48hrs | 2147 | by Staff reporter
HIFA 2019 cancelled
Harare International Festival of the Arts has announced that it has cancelled its 2019 edition due to the social and economic challenges taking place in the country.In a statement issued on Fr...Published: 15 Feb 2019 at 08:41hrs | 569 | by Mandla Ndlovu
Matter of fact
ON Tuesday we reported, in an article entitled, "...Published: 15 Feb 2019 at 08:37hrs | 180 | by Editor
ZPC to start Harare re-powering project
The Zimbabwe Power Company (ZPC) will commence re-powering project for Harare Power Station (generator number 2) in the first quarter of this year in a development that will add 60 megawatts to the na...Published: 15 Feb 2019 at 08:31hrs | 134 | by Staff reporter
Ncube, Mangudya policy tussle on monetary policy statement
POLICY efficacy doubts - both fiscal and monetary - in supporting a liberalised foreign currency market, effectively discarding the 1:1 US dollar-bond note/RTGS dollar peg, have arguably been the main...Published: 15 Feb 2019 at 08:27hrs | 492 | by Brett Chulu
Zimbabwe pesters South Africa for lines of credit
Zimbabwe's government continues to explore avenues of attracting lines of credit from neighbouring South Africa after the continent's most prosperous nation rebuffed an earlier request by Harare for a...Published: 15 Feb 2019 at 08:26hrs | 353 | by Staff reporter
Time is right for alternative money
THE controversy surrounding the introduction of another local currency continues unabated. This time it was the former Finance minister, Tendai Biti, who ignited the current debate when he announced g...Published: 15 Feb 2019 at 08:24hrs | 244 | by Zimwara
Business complicit in Zimbabwe's economic woes
CHIEF executive officers from across the African continent have been meeting in the resort town of Victoria Falls for the last three days in a bid to find lasting solutions to the economic crisis faci...Published: 15 Feb 2019 at 08:23hrs | 231 | by Staff reporter
National dialogue deadlock: Hope keeps eluding Zimbabwe
NATIONAL dialogue meant to unite Zimbabweans around a common vision has failed to gain traction as the leading political parties have taken deeply entrenched hardline positions, plunging the country d...Published: 15 Feb 2019 at 08:22hrs | 172 | by Staff reporter
Zimbabwe property owners charge rentals in forex
PROPERTY owners are now demanding rentals in foreign currency as the local unit continues to rapidly lose value against the US dollar, businessdigest has learnt.The trend of charging goods and...Published: 15 Feb 2019 at 08:21hrs | 444 | by Staff reporter
Beer prices go up with immediate effect
Delta Corporation has announced that effective 14 February 2019 beer price will be sold in United States Dollars.375ml of Brown bottles will be going for USD$1.50 while 340ml of Green bottles ...Published: 14 Feb 2019 at 18:58hrs | 11305 | by Mandla Ndlovu
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 | 2812 | by Mandla Ndlovu
Mthuli Ncube, Mangudya in bitter fight over new Zimdollar
PRESIDENT Emmerson Mnangagwa has been forced to intervene in a growing turf war between Reserve Bank of Zimbabwe governor John Mangudya and his boss Finance minister Mthuli Ncube on the path Zimbabwe ...Published: 14 Feb 2019 at 15:51hrs | 18959 | by Staff reporter
Mnangagwa offers Air Zimbabwe to Ethiopia?
President Emmerson Mnangagwa is reported to have offered Ethiopian Airlines a de3al to takeover and run the beleaguered and indebted Air Zimbabwe.This was revealed by veteran author and journa...Published: 14 Feb 2019 at 14:06hrs | 7551 | by Mandla Ndlovu
Zimbabwe economy plunges into VUCA environment
Business leaders are frustrated with the inability to anticipate and handle the country's fragile and toxic economy which continues to implode, a situation which has left them in distress.This...Published: 14 Feb 2019 at 08:59hrs | 1733 | by Staff reporter
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 | 3467 | by Staff reporter
Mnangagwa intervenes in currency rift
President Emmerson Mnangagwa has been forced to intervene in a growing turf war between Reserve Bank of Zimbabwe governor John Mangudya and his boss minister Mthuli Ncube on the path Zimbabwe wi...Published: 14 Feb 2019 at 08:13hrs | 7254 | by Staff reporter
Biti warns of Rwanda-scale genocide in Zimbabwe
MDC deputy national chairman Tendai Biti has likened the recent brutalisation of civilians by the security forces to the Rwanda genocide of 1994 which claimed 800,000 lives.He was speaking dur...Published: 14 Feb 2019 at 08:07hrs | 1317 | by newzimbabwe
'PTUZ did not sell out'
THE Progressive Teachers Union of Zimbabwe (PTUZ) has defended its decision to call off the strike by educators, saying they were protecting their members who had been put on the firing line.T...Published: 14 Feb 2019 at 07:31hrs | 920 | by Staff reporter
'Suppliers demand cash up-front from NatPharm'
National Pharmaceutical Company (NatPharm) has said foreign suppliers of drugs are now demanding cash up-front from Zimbabwe before releasing orders, further worsening the supplies of medicines in the...Published: 14 Feb 2019 at 07:26hrs | 167 | by Staff reporter
Electricity situation under control: Zesa
Zimbabweans should not panic over the availability of electricity following resumption of rolling power blackouts in South Africa, amid indications the country now has the bulk of its power needs afte...Published: 14 Feb 2019 at 07:10hrs | 147 | by Staff reporter
Zimbabwe sanctions' myth - countries with tougher sanctions performing better
When the Robert Gabriel Mugabe regime was toppled in a military coup in November 2017, most people believed that his successor's much touted 'new dispensation' would do away with excuses for the gover...Published: 13 Feb 2019 at 13:28hrs | 2062 | by Tendai Ruben Mbofana
Zimbabwe army creates temporary bases in suburbs
The presence of soldiers patrolling most high density suburbs across the country has instilled fear and uncertainty in citizens as some areas are reporting forced curfews.Coupled with this is ...Published: 13 Feb 2019 at 10:33hrs | 3503 | by Maxwell Sibanda
Forget economic dimension of TSP and Vision 2030, talk of politic one - what if it fails?
"In the words of Immanuel Kant who said 'by a lie, a man consumes his own dignity,' it has become apparent that the MDC Alliance and its apologists, this time led by Tendai Biti have become shameless ...Published: 13 Feb 2019 at 10:24hrs | 678 | by Nomusa Garikai
Zimbabwe students starving in foreign lands
Zimbabwean students who are on the presidential scholarship scheme are finding it difficult to get by because government is struggling to fund their needs.Thousands of students are on the pres...Published: 13 Feb 2019 at 10:17hrs | 1385 | by Staff reporter
Handmade Zimbabwe shoes an unlikely global hit
IN a tiny factory producing handmade boots and shoes in southwestern Zimbabwe, leather cutter Misheck Sibanda is on another hectic shift as he tries to keep up with soaring global demand.Order...Published: 13 Feb 2019 at 09:13hrs | 2767 | by AFP
RG's Office to decentralise
The Registrar-General's Office is set to open passport offices in Chitungwiza and Murehwa districts to deal with the large number of people flocking to Harare to apply for travel documents, legislator...Published: 13 Feb 2019 at 08:52hrs | 671 | by Staff reporter
Bank cashier in court over $1m fraud, money-laundering
A FIRST Bank cashier stationed in Harare yesterday appeared in court facing fraud and money-laundering charges involving $1 million.Bangiso Shield Tafirei (30) appeared before Harare magistrat...Published: 13 Feb 2019 at 08:46hrs | 2104 | by Staff reporter
Problems at Eskom won't affect Zimbabwe
THE Zimbabwe Electricity Supply Authority (Zesa) has assured its clients that the power generation challenges being experienced by its South African supplier, Eskom would not spill over into Zimbabwe ...Published: 13 Feb 2019 at 08:42hrs | 724 | by Staff reporter
ARV shortage looms
GOVERNMENT says it is expecting a deficit in antiretroviral (ARV) drugs between now and 2020 due to an increase in uptake of the HIV and Aids treatment programme.The Health and Child Care mini...Published: 13 Feb 2019 at 08:41hrs | 1171 | by Staff reporter
Mthuli Ncube pledges to tackle capital flight
FINANCE minister Mthuli Ncube on Monday pledged to support food and beverage manufacturer, Nestle Private Limited, as government desperately tries to contain capital flight.A large number of c...Published: 13 Feb 2019 at 08:40hrs | 1598 | by Staff reporter
Civil servants strikes, opposition's Trojan horse
Zimbabwe is fast becoming a "strike country" as various civil service arms try and outdo each other in registering their grievances against Government through withdrawal of labour and other forms of p...Published: 12 Feb 2019 at 22:26hrs | 840 | by Nicole Hondo
Foreign suppliers are refusing to supply NatPharm
Foreign suppliers of pharmaceutical drugs are demanding payment upfront for orders from the National Pharmaceutical Company (NatPharm) because of the foreign currency shortages the country is facing....Published: 12 Feb 2019 at 21:01hrs | 807 | by Staff reporter
Mangwana describes Biti as a desperate man
The opposition MDC Alliance and its band of apologists seem not satisfied with the harm and damage they caused with their social media political innuendos which culminated in the failed so called shut...Published: 12 Feb 2019 at 17:11hrs | 4517 | by Staff reporter
Passports backlog hits RG's office as dollar crunch bites
Delays in the processing of passports have hit Zimbabwe, with Registrar General Clemence Masango blaming a worsening foreign currency crisis which has sparked the downsizing of operations fearing a st...Published: 12 Feb 2019 at 10:49hrs | 1755 | by Staff reporter
RBZ dismisses fake news on new currency
The Reserve Bank of Zimbabwe (RBZ) has dismissed social media claims that a new currency will be introduced next week.In a statement, the RBZ urged members of the public to dismiss, with utmos...Published: 12 Feb 2019 at 10:34hrs | 2208 | by Staff reporter
Zimbabwe running out of passport paper
REGISTRAR-General Clemence Masango yesterday told Parliament that the demand for emergency passports was now so high that his department might soon run out of passport paper.Masango made the d...Published: 12 Feb 2019 at 07:47hrs | 6095 | by Staff reporter
Chiwenga under fire over India trip
VICE-PRESIDENT Constantino Chiwenga's regular visits to foreign hospitals have drawn renewed fire from hard-pressed Zimbabweans, who yesterday called on President Emmerson Mnangagwa's government to pr...Published: 12 Feb 2019 at 07:34hrs | 1756 | by Staff reporter
Army uniform saga: Suspect in U-turn
A SUSPECTED protestor who initially told prosecutors during vetting for initial appearance at the Harare Magistrates' Courts that he was given army uniform at the Zanu PF headquarters, yesterday chang...Published: 12 Feb 2019 at 07:33hrs | 1110 | by Staff reporter
Mthuli Ncube shoots down Biti's fear mongering attempt
FORMER Finance minister Tendai Biti yesterday sensationally claimed that government was planning to reintroduce a local currency this week, describing the purported move as "pure undiluted insanity"....Published: 12 Feb 2019 at 07:32hrs | 973 | by Staff reporter
Mthuli Ncube; Biti clash over new currency
Former Minister of Finance Tendai Biti and incumbent Mthuli Ncube have clashed over the reports surrounding the introduction of a new currency in the country.On Monday government dismiss...Published: 12 Feb 2019 at 07:30hrs | 3074 | by Mandla Ndlovu
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