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Moving on from Mugabe era
BEING in Harare in the past two weeks has been quite an experience. The Robert Mugabe era has finally closed after his death in Singapore on September 6, even through he is yet to be buried.Bu...Published: 20 Sep 2019 at 08:32hrs | 295 | by Eddie Cross
Churches lose confidence in Mnangagwa economic policies
The Zimbabwe Heads of Christian Denominations (ZHOCD) yesterday said they have lost confidence in the current economic reforms being implemented by President Emmerson Mnangagwa administration amid a d...Published: 18 Sep 2019 at 11:15hrs | 1666 | by Staff reporter
Zimbabwe's foreign currency receipts tumble
ZIMBABWE'S total foreign currency receipts for the first half of the year plunged 24% to US$2,58 billion as the capital-starved southern African country battles to lure investment.Total foreig...Published: 18 Sep 2019 at 08:26hrs | 396 | by Staff reporter
Fresh calls for price controls
INDUSTRIALISTS and economists have said the Competition and Tariffs Commission (CTC)'s suspension of price and commodity monitoring programme has led to a drastic increase in prices of basic commoditi...Published: 17 Sep 2019 at 11:03hrs | 1609 | by Staff reporter
Zacc pounces on EcoCash agents
THE Zimbabwe Anti-Corruption Commission (Zacc) has instituted a major probe into the operations of the country's EcoCash agents who are being accused of fleecing citizens of their money.Zacc s...Published: 17 Sep 2019 at 08:32hrs | 1278 | by Staff reporter
Econet buys lithium-ion batteries from Tesla
Zimbabwe's biggest telecommunications company, Econet Wireless, has turned to lithium-ion batteries to power its base stations in the wake of incessant power shortages currently rocking the country....Published: 17 Sep 2019 at 08:13hrs | 666 | by Staff reporter
Fuel price hike expected in Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) is expected to increase petrol and diesel prices after a strike on a Saudi Arabian oil facility removed about 5% of global supplies, an attack the US ha...Published: 16 Sep 2019 at 07:18hrs | 4437 | by Staff reporter
Record spike in oil price after shock drone attacks on Saudi oil
Oil surged along with gold and Treasury futures after a strike on the heart of Saudi Arabia's oil production increased geopolitical risk concerns. U.S. and European equity futures declined, while shar...Published: 16 Sep 2019 at 07:07hrs | 1148 | by Bloomberg
Robert Mugabe: Rule by the whip
Books he trusted. One was usually in his hand in those first, mostly happy, years as Zimbabwe's leader. He would be home at State House by 5:30pm, slamming doors so that his beloved wife Sally would k...Published: 15 Sep 2019 at 08:04hrs | 2280 | by The Economist
Zimbabwe hikes interest rate to 70% to help plummeting currency
Zimbabwe's central bank raised its main interest rate to 70% to stabilize a plummeting currency and rein in surging inflation.The decision is the first by the southern African nation's Monetar...Published: 13 Sep 2019 at 22:02hrs | 2770 | by Bloomberg
Zimbabwe's MPC, RBZ boards face a daunting task
The new Monetary Policy Committee (MPC) and Reserve Bank of Zimbabwe (RBZ) boards face a daunting task in dealing with the country's monetary problems and bring the much-needed stability and confidenc...Published: 13 Sep 2019 at 14:02hrs | 698 | by Staff reporter
Is Harare really like Tripoli without war?
ACCORDING to the recently released The Global Liveability Index 2019 by the Economist Intelligence Unit (EIU), Harare ranks 134 out of 140 cities around the world in terms of liveability, faring only ...Published: 13 Sep 2019 at 07:42hrs | 1376 | by Staff reporter
Mangudya faces daunting task
RESERVE Bank of Zimbabwe governor John Mangudya will soon present his mid- term Monetary Policy Statement, tasked with introducing a cocktail of measures to instil confidence in the market amid a deep...Published: 13 Sep 2019 at 07:38hrs | 1213 | by Staff reporter
Mugabe swallowed by Frankenstein monster
ONE of the country's greatest orators - and demagogue too - former president Robert Mugabe, was controversial in life and now in death. Although he was ideologically difficult to pin down given his co...Published: 13 Sep 2019 at 07:33hrs | 1586 | by Gumisai Nyoni
Mthuli Ncube appoints advisory team for RBZ
FINANCE and Economic Development Minister, Professor Mthuli Ncube, has appointed a nine-member Monetary Policy Committee that will render an advisory role to the Reserve Bank of Zimbabwe (RBZ). ...Published: 12 Sep 2019 at 07:28hrs | 1113 | by Staff Reporter
It's time the opposition competed on ideas
A cursory perusal of last week's mainstream and online media publications painted a gloomy picture of the opposition's compound. In one online media story, the MDC leader, Nelson Chamisa is reported t...Published: 10 Sep 2019 at 15:22hrs | 403 | by Nobleman Runyanga
Mthuli Ncube: Fixing Mugabe's mess
Finance minister Mthuli Ncube may not have realised quite what he was letting himself in for when he took the job of Zimbabwe's Treasury boss in September last year.With his impeccable CV - he...Published: 08 Sep 2019 at 08:50hrs | 693 | by Financial Mail
Call for meaningful reforms grow louder for Mnangagwa
PRESIDENT Emmerson Mnangagwa's recent jaunt to Japan in search of elusive investment has once again brought to the fore the futility of his numerous trips outside the country without introducing polit...Published: 06 Sep 2019 at 07:40hrs | 544 | by Staff reporter
Zimbabwe is a confused country: Cross
Economist Eddie Cross has described Zimbabwe as a rich, but confused and badly managed country with potential to come out of the woods.Presenting at an All-Stakeholders Conference on Health in...Published: 06 Sep 2019 at 07:13hrs | 1017 | by Staff reporter
Industry raps Mthuli Ncube's half-hearted currency reforms
INDUSTRY has rapped Finance and Economic Development minister Mthuli Ncube over his "half-hearted approach" to the currency reforms, saying the continued use of the United States dollar in the market ...Published: 04 Sep 2019 at 08:35hrs | 1161 | by Staff reporter
Obliquity and politics of re-engagement
A man called John Kay is one of Britain's leading economists. His work — widely acclaimed — is centred on relationships between economics, finance and business while his career has spanned academi...Published: 31 Aug 2019 at 18:25hrs | 122 | by Tichaona Zindoga
Electricity problem to lessen in Zimbabwe
The Minister of Energy and Power Development Fortune Chasi says the Zimbabwe Power situation is set to ease after another unit ah Hwange Power Station started to feed power into the national grid. ...Published: 30 Aug 2019 at 07:00hrs | 3723 | by Mandla Ndlovu
Workers' unions want salary review formula
THE Tripartite Negotiating Forum (TNF) should come up with formulae to review salaries and cushion workers in line with prevailing inflationary trends at a particular given time, the Zimbabwe Congress...Published: 29 Aug 2019 at 07:30hrs | 581 | by Staff reporter
Introducing a new currency was Zimbabwe's only viable option
Zimbabwe, the country I serve as finance minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our ...Published: 28 Aug 2019 at 18:24hrs | 9314 | by Prof Mthuli Ncube
Zimbabweans use cellphone transfers in desperate attempt to get cash
After protests brought Zimbabwe's capital to a standstill earlier this month, Harare has returned to its normal bustle and Tedius Marara is back to his daily business: selling cash at a busy market....Published: 28 Aug 2019 at 08:10hrs | 2031 | by AP
Zimbabwe: Is it worse off than under Mugabe?
Claim: Life in Zimbabwe is now worse than under former President Robert Mugabe, according to Fadzayi Mahere of MDC.Verdict: It's true that in recent months, the economic situation has worsened...Published: 28 Aug 2019 at 07:41hrs | 599 | by Staff reporter
Zimbabwe should adopt a stable cryptocurrency - Michael Jordaan
Adopting a stable cryptocurrency is not only a future-oriented thing for Zimbabwe to do, but it can also solve many of the country's currency troubles.This is the view of former FNB CEO and Mo...Published: 27 Aug 2019 at 23:07hrs | 2653 | by Rudolph Muller
Phumuzile Phiri geared to grab Mangwe constituency from ZANU PF
Phumuzile Phiri a 30 year old lady is running for MP in Mangwe Constituency which has 17 rural wards and is found in Matabeleland South. The constituency is endowed with a lot of wild life and...Published: 25 Aug 2019 at 12:59hrs | 5257 | by Mandla Ndlovu
Namibian expert raps MDC-Alliance
The MDC-A has become panicky as signs of economic stability, which naturally undermines its relevance, begin to set in, a Namibian-based economist has said.Dr Drian Kashkongo, a lecture at a u...Published: 25 Aug 2019 at 09:24hrs | 1313 | by Staff reporter
Old Mutual adopts hyperinflationary accounting for its Zimbabwe unit
SOUTH AFRICAN-HEADQUARTERED insurance company, Old Mutual Limited (OML) says it will apply hyperinflationary accounting for its Zimbabwe business unit in light of the runaway inflation plaguing the ec...Published: 23 Aug 2019 at 07:44hrs | 711 | by Staff reporter
Mnangagwa's government: The mask has slipped
In April last year, on these pages, I expressed concern at President Emmerson Mnangagwa and his government's obvious fascination with Rwanda and China.On the face of it, it seemed as if Mnanga...Published: 22 Aug 2019 at 07:45hrs | 900 | by Nqaba Matshazi
Signs of economic resuscitation rattle MDC
Indications of economic stabilisation currently being witnessed in the country have distressed the MDC, which for a long time has been using the challenges as their trump card, a Namibian based econom...Published: 21 Aug 2019 at 13:59hrs | 2203 | by John Sigauke in Namibia
Zanu-PF's economic policy record 'poor': US think tank
UNITED States research arm, the Congressional Research Service (CRS), has condemned the Zanu-PF-led government's economic policy record as "poor".The CRS is a public policy research arm of the...Published: 20 Aug 2019 at 15:17hrs | 374 | by Staff reporter
Chamisa raises ante against Mnangagwa
Zimbabwe's opposition MDC leader Nelson Chamisa has announced plans to visit Moscow and Beijing to seek help in settling the political and economic logjam gripping the southern African country, Russia...Published: 20 Aug 2019 at 15:10hrs | 1036 | by Staff reporter
Chamisa plans to meet Putin over Zimbabwe crisis
Movement for Democratic Change (MDC) leader Nelson Chamisa intends to pay visits to Moscow and Beijing to seek help in settling the political and economic crisis gripping Zimbabwe, Russia's Sputnik ne...Published: 19 Aug 2019 at 21:30hrs | 7952 | by Sputnik
Does Brother Mthuli Ncube live in Zimbabwe?
Hope is the expectation, against all rational considerations, that desires will be fulfilled miraculously.When the "new dispensation" was introduced in Zimbabwe, we hoped against past experien...Published: 18 Aug 2019 at 09:51hrs | 1039 | by Kennet Mufuka
This Zimbabwe situation simply cannot go on
THIS is a message to those who currently hold power in Zimbabwe. I do not really care about how you got into this position, but now that you are there, we need to ask you what you are going to use tha...Published: 16 Aug 2019 at 08:25hrs | 1556 | by Eddie Cross
Zimbabwe cash crisis spirals out of control
IT is an August morning in Harare. Winter winds are blowing cold. Samuel braves the cold, wakes up at 3am from his Kuwadzana home and treks to the central business district to look for cash at the ban...Published: 15 Aug 2019 at 07:28hrs | 972 | by Staff greporter
Fact-checking Mthuli Ncube
"It's early days, we just introduced the new currency regime a little over a month ago, so it (the new currency) is trying to find its way, it is trying to find equilibrium; it will get there and clos...Published: 15 Aug 2019 at 07:27hrs | 1189 | by Staff reporter
Zimbabwe in new wave of price increases
ZIMBABWE is witnessing another wave of massive price increases, following the presentation of the 2019 mid-term fiscal policy review, which are further decimating citizens' incomes.In the mid-...Published: 14 Aug 2019 at 07:48hrs | 2688 | by Staff reporter
Zimbabwe where people's pensions have disappeared
Retired couple Teddie and Vesta always imagined they would live out their golden years with dignity.He is 85, and served one company for 46 years as a cleaner, eventually rising to become a re...Published: 13 Aug 2019 at 07:55hrs | 3420 | by Shingai Nyoka BBC Africa, Harare
Inflation: Ncube sticks to his guns
Finance minister Mthuli Ncube has rejected calls to reverse the decision to stop reporting year-on-year inflation, saying the move will not impact negatively on the economy as suggested by some econom...Published: 11 Aug 2019 at 11:35hrs | 1591 | by Staff reporter
Mthuli Ncube warned against subsidies
The government's move to subsidise transport services and agriculture will complicate efforts to extricate the economy from a myriad of challenges, analysts have warned.Finance minister Mthuli...Published: 11 Aug 2019 at 11:29hrs | 2648 | by Staff reporter
To publish or not to?
It’s common cause that if you choose not to tell your own story, someone will do it for you and sell to the whole world that which he wants it to believe about you, which leaves you at high risk of ...Published: 11 Aug 2019 at 07:25hrs | 1010 | by Persistence Gwanyanya
Zimbabwe reaches 'tipping point'
ZIMBABWE'S Finance minister Mthuli Ncube responded to the country's worsening economic crisis last week by blacking out inflation statistics for the next six months, boosting the price of the little p...Published: 10 Aug 2019 at 11:47hrs | 1849 | by Antony Sguazzin, Prinesha Naidoo and Ray Ndlovu
Why elections cannot help liberate uMthwakazi- MIOR
It is not mind boggling that Elections cannot liberate UMthwakazi. What is mind boggling is that at this day and time, there are some people in UMthwakazi in particular who still believe that partakin...Published: 10 Aug 2019 at 07:31hrs | 461 | by Mthwakazi Institute of Research
Sustaining the Zimdollar
I AM naturally enchanted by the logic, sequence and clarity of a thought process. But l have grown to learn that, quite often, economic plans are elaborately ornamented.The number of economies...Published: 09 Aug 2019 at 15:02hrs | 389 | by Persistence Gwanyanya
Mthuli Ncube quizzed over budget surplus
FINANCE minister Mthuli Ncube was grilled over the benefits of his much-touted ZW$803,6 million budget surplus at a time the majority of Zimbabweans are suffering from a rapidly deteriorating economic...Published: 09 Aug 2019 at 08:11hrs | 1858 | by Staff reporter
Mthuli Ncube to act on liquidity crunch
The country is reeling under a massive liquidity crunch and Government is now looking at appropriate ways of re-injecting liquidity into the productive sector, according to Secretary for the Ministry ...Published: 09 Aug 2019 at 08:05hrs | 3988 | by Staff reporter
Mthuli Ncube riles industry
FINANCE minister Mthuli Ncube was yesterday taken to task by captains of industry for suspending the production of annualised inflation figures, saying the policy move can trigger rampant speculation....Published: 06 Aug 2019 at 13:00hrs | 4416 | by Staff reporter
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