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Zimbabwe parlours downplay spiralling deaths
ZIMBABWE'S funeral assurance sector has allayed fears of possible collapse as the COVID-19 scourge intensifies and affects capacity to meet policyholder claims.Taka Svosve, the Zimbabwe Associ...Published: 26 Jan 2021 at 07:08hrs | 1045 | by Staff reporter
Mr Cross: Silence cannot be misquoted
In September 2019, Finance and Economic Development Minister, Professor Mthuli Ncube, appointed a nine-member Monetary Policy Committee (MPC) to influence the Reserve Bank of Zimbabwe (RBZ)'s monetary...Published: 25 Jan 2021 at 08:28hrs | 3846 | by Dr Tim Rainhard
Illegal immigrants struggle in the UK
Since the Covid-19 pandemic began, the UK jobs market has changed substantially, take a look at what this means for recruitment and occupational shortages, as well as serious implications for people's...Published: 23 Jan 2021 at 06:21hrs | 1024 | by Dr Masimba Mavaza
Covid-19: Experts say Zimbabwe return to normalcy in 2024
ZIMBABWE and other developing countries with little or no capacity to buy Covid-19 vaccines might only return to pre-coronavirus normalcy at the end of 2024, experts from the Economists Intelligence U...Published: 22 Jan 2021 at 06:52hrs | 1621 | by Staff reporter
'RBZ keeps black market guessing over $50 note'
ZIMBABWE'S markets are struggling to work out the full impact of a Reserve Bank of Zimbabwe (RBZ) move to inject a $50 note, which it sees as vital for stemming a dire liquidity crunch, according to r...Published: 22 Jan 2021 at 06:42hrs | 824 | by Staff reporter
'Zimbabwe printing $1 billion weekly to buy gold'
FORMER legislator and Monetary Policy Committee member Eddie Cross has made sensational claims that the Reserve Bank of Zimbabwe (RBZ) was printing $1 billion weekly mainly to buy gold.At the ...Published: 21 Jan 2021 at 06:46hrs | 3174 | by Staff reporter
ZimStat stops releasing poverty data
THE Zimbabwe National Statistical Agency (ZimStat) has abandoned the release of poverty datum line (PDL) data for a family of five to focus only on individual data, the NewsDay Business has establishe...Published: 18 Jan 2021 at 06:26hrs | 618 | by Staff reporter
Donald Trump engages in jecha/ sand tactics on the U.S. economy
Democratic political consultant James Carville once said that if he were reincarnated, he'd want to come back as the bond market because "you can intimidate everybody." Donald Trump is not intimidated...Published: 17 Jan 2021 at 20:08hrs | 1439 | by Steve Chapman
'Zimbabwe inflation fall no cause for celebration'
ZIMBABWE's year-on-year inflation rate ended the year 2020 at 348,5% down from a high of more than 800% in July but analysts say it is no cause for celebration as it remains way too high."The ...Published: 15 Jan 2021 at 07:49hrs | 591 | by Staff reporter
Failed Zimbabwe govt economic policy met with excuses
I AM not an economist or financial fundi neither was I good nor enjoyed such subjects as economics and accounting, in high school but, to use a cliche, it does not take a rocket scientist to lose conf...Published: 15 Jan 2021 at 07:35hrs | 139 | by Tendai Ruben Mbofana
How to kill a country
Nearly forty years ago Ian Smith, the Prime Minister of Rhodesia, became the first and only white colonial ruler to break away from the British Crown. He had tired of London's nagging about the subjug...Published: 13 Jan 2021 at 16:49hrs | 2557 | by Samantha Power
Zimbabwe cuts fuel import bill
Latest fuel imports statistics have justified government's move to scrap subsidies, with analysts happy that the development managed to save the country a lot in foreign currency and plugged arbitrage...Published: 13 Jan 2021 at 15:54hrs | 1935 | by Staff reporter
Zimbabwe's economic war littered with detours, says Mohadi
ACTING President Kembo Mohadi yesterday said the country's economic war was littered with detours, challenges, and delays which require this generation's unyielding resolve to overcome.Mohadi ...Published: 13 Jan 2021 at 08:01hrs | 537 | by Staff reporter
Dealing with Zimbabwe's hard lockdown
Zimbabwe started its a 30 day level four lockdown on Tuesday a move that is expected to save lives but have dire consequences on the economy and livelihoods. In announcing the lockdown measure...Published: 05 Jan 2021 at 07:24hrs | 3595 | by Staff reporter
Afro-Sino economic relations in the 21st Century: Mixed Reactions and Misinterpretations
The Author is a Master of Science in International Trade and Diplomacy student at the University of Zimbabwe. He holds a MSc degree in Development Studies (National U...Published: 04 Jan 2021 at 19:21hrs | 223 | by Livingstone Kazizi
Xmas rush exposes banks
A STEEP rise in demand for liquid cash experienced during the Christmas period exposed weaknesses in Zimbabwe's electric money strategy, a NewsDay Business survey revealed. Clients said electr...Published: 01 Jan 2021 at 07:39hrs | 738 | by Staff reporter
Zinara mulls tolling voucher as gridlocks mount
THE Zimbabwe National Roads Administration (Zinara) says it is planning to introduce a tolling voucher as part of a broad strategy already underway to ease congestion throughout its system.Ult...Published: 31 Dec 2020 at 11:05hrs | 777 | by Staff reporter
Zimbabwe pins hopes on vaccine as Covid-19 infections rise again
The New Year's plea from many in Zimbabwe is the arrival of a Covid-19 vaccine as soon as possible, as the country's festive season was dampened by fears fuelled by a second wave of infections....Published: 30 Dec 2020 at 17:22hrs | 1365 | by Staff reporter
Zimbabwe children malnourished as Covid-19 crisis deepens, says Steve Hanke
ECONOMISTS believe that food shortages and lockdowns have led to an acute rise in malnutrition cases among children in Zimbabwe. Data reveals that one in three children in the country are malnourished...Published: 19 Dec 2020 at 06:01hrs | 321 | by Agencies
How South Africa can nudge Zimbabwe toward stability
What's new? As Zimbabwe's political and economic crises worsen, South Africa is moving beyond its policy of "quiet diplomacy" with its northern neighbour and applying more pressure on Harare to open...Published: 18 Dec 2020 at 06:42hrs | 1983 | by crisisgroup
Mangudya slams Ncube tariff increases
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya has launched a rare scathing attack on the government for steeply increasing tariffs for public utilities, warning the decision will have serious ...Published: 18 Dec 2020 at 06:21hrs | 5327 | by Staff reporter
'Mthuli Ncube tax' a huge success
ZIMBABWE managed to avert a potential Covid-19 pandemic disaster while civil servants are receiving their salaries on time and infrastructural development projects are underway across the country - a ...Published: 16 Dec 2020 at 06:44hrs | 792 | by Staff reporter
Water crisis ravages Bulawayo
Women carry the burden of collecting water for households...Published: 15 Dec 2020 at 07:48hrs | 1013 | by Brezhnev Malaba
Zimbabwe feels heat as debt spirals
Broke Zimbabwe's failure to clear debt and arrears with bilateral and multilateral creditors is sinking the economy further as it fails to unlock the much-needed funding for major infrastructure proje...Published: 13 Dec 2020 at 08:11hrs | 570 | by Staff reporter
JOC assesses border security
THE National Joint Operations Command (JOC) met in Beitbridge yesterday and committed to beefing up borderline security to control rampant smuggling of goods and irregular migration which peaks during...Published: 12 Dec 2020 at 07:03hrs | 871 | by Staff reporter
Why Zimbabwe's electric vehicle vision may flop
A strategic plan twinning the development of electric vehicle (EVs) in Zimbabwe and commensurate investment into the power industry will be key to sustaining their presence on the country's roads, acc...Published: 09 Dec 2020 at 17:07hrs | 1099 | by Staff reporter
Mthuli Ncube should increase 2% tax to 5%, says Eddie Cross
ECONOMIST Eddie Cross Friday left business executives and other invited guests at the CEO Africa Roundtable in Harare, in shock after he proposed that Finance Minister Mthuli Ncube must increase trans...Published: 05 Dec 2020 at 06:23hrs | 2457 | by Staff reporter
Mthuli Ncube lines up TBs to fund deficit
GOVERNMENT is set to float Treasury Bills (TBs) to finance the 2021 budget deficit, Finance minister Mthuli Ncube said last week.Last week on Thursday, the minister unveiled a ZW$421,6 billion...Published: 04 Dec 2020 at 07:18hrs | 303 | by Staff reporter
SA junk status a big Zimbabwe problem
Zimbabwe's quest to revive its economy will be hobbled by South Africa's plunge into junk status. According to experts who spoke to the paper, the development will likely see Zimbabwe carrying...Published: 03 Dec 2020 at 07:02hrs | 2556 | by Staff reporter
Zimbabwean trucker narrowly escapes death after SA highway ambush
A Zimbabwean truck driver who survived an ambush by six gunmen on the N12 highway near Daveyton, on the East Rand, yesterday was just 35km from his destination when the attack happened.Joseph ...Published: 27 Nov 2020 at 08:44hrs | 4244 | by Staff reporter
Mthuli Ncube out of touch with reality
SO much was expected from Finance and Economic Development minister Mthuli Ncube's 2021 national budget, which was presented yesterday. Yet he delivered very little.Zimbabwe has been badly bat...Published: 27 Nov 2020 at 07:26hrs | 1487 | by Staff reporter
Econet hikes tariffs 20%
Econet Wireless Zimbabwe has hiked its voice tariff by 20% to guarantee continued delivery of the service.The latest tariff adjustment comes at a time when government is banking on increased i...Published: 27 Nov 2020 at 07:10hrs | 2150 | by Staff reporter
RBZ swoops on foreign entities
THE Reserve Bank of Zimbabwe (RBZ) has launched an investigation into the conduct of at least 15 foreign-owned companies, which have allegedly externalised millions of United States dollars, according...Published: 27 Nov 2020 at 07:07hrs | 4372 | by Staff reporter
2021 budget: Fitting a round peg in a square hole
THE 2021 national budget due to be presented this afternoon presents one of the toughest challenges for Finance minister, Mthuli Ncube.He is expected to roll out strategies that will help the ...Published: 26 Nov 2020 at 07:27hrs | 406 | by Staff reporter
Masarira pays tribute to International day against GBV
Linda Masarira, leader of what is soon to become the fourth renowned political party, Labour Economists and Afrikan Democrats (LEAD) has today joined the world in commemorating the International day a...Published: 25 Nov 2020 at 15:54hrs | 868 | by Daniel Itai
Zimbabweans mend shabby dollar notes amid economic crisis
Albert Marombe takes a grimy, tattered US$1 note and delicately, expertly glues it back into one piece, holding it up for inspection."I don't care how torn it is. All I want to see is the seri...Published: 25 Nov 2020 at 06:20hrs | 6893 | by AP
Econet marginally adjusts voice bundle tariffs
HARARE - Econet Wireless Zimbabwe (Econet) this week marginally adjusted its voice bundle tariffs in a bid to guarantee continued delivery of acceptable service to its customers.The telecommun...Published: 24 Nov 2020 at 16:31hrs | 2452 | by Agencies
Fitch and Moody's downgrade South Africa's credit ratings further
In a move that Finance Minister Tito Mboweni described as 'painful', rating agencies Fitch and Moody's pushed South Africa's credit rating deeper into the scrap heap of junk with downgrades announced ...Published: 24 Nov 2020 at 05:04hrs | 1703 | by Staff reporter
Chamisa goes down as Mnangagwa rises high
After 37 years in power, President Robert Mugabe of Zimbabwe resigned via in November 2017. His successor and former vice president, Emmerson Mnangagwa, promised a break from Mugabe's authoritarian ru...Published: 19 Nov 2020 at 08:33hrs | 9581 | by Dr Masimba Mavaza
Zimbabwe looks underground for golden economic revival
REELING from decades of economic mismanagement, Zimbabwe is banking on gold to shore up revenue and tackle the upshots of rampant hyperinflation, corruption and coronavirus restrictions.Global...Published: 16 Nov 2020 at 05:48hrs | 280 | by Staff reporter
Mnangagwa to launch Development Strategy 1 today
The National Development Strategy 1 (NDS1), which charts policies, institutional reforms and national priorities needed from 2021-2025 to achieve an upper middle income economy under Vision 2030, is e...Published: 16 Nov 2020 at 05:40hrs | 204 | by Staff reporter
African leaders now smell like goats!
The Lord really works in mysterious ways.It has come full circle for Evo Morales.The former president of the South American country of Bolivia will be returning home on Wednesday this ...Published: 08 Nov 2020 at 07:01hrs | 432 | by Staff reporter
Zimbabwe's inflationary figures beat expectations
Analysts say the reduction in year on year inflation from more than 700 percent to around 400 is testimony of the success of fiscal economic interventions.Zimbabwe's inflation figures were the...Published: 06 Nov 2020 at 20:08hrs | 1647 | by Staff reporter
Zimbabwe's inflationary figures beat expectations
Analysts say the reduction in year on year inflation from more than 700 percent to around 400 is testimony of the success of fiscal economic interventions.Zimbabwe's inflation figures were the...Published: 06 Nov 2020 at 16:05hrs | 1073 | by Staff Reporter
Rushwaya arrest: A case of rampant elite corruption?
THE ongoing trial of Henrietta Rushwaya over charges of attempting to smuggle gold bars weighing 6kg to Dubai, the United Arab Emirates, in a high-profile case that has sucked in President Emmerson Mn...Published: 06 Nov 2020 at 06:51hrs | 1124 | by Staff reporter
Illegal forex dealers feel the pinch
Black market forex dealers are feeling the heat following a raft of monetary measures recently put in place by the central bank to halt the depreciation of the local currency which had fuelled a spike...Published: 05 Nov 2020 at 21:34hrs | 11630 | by Staff reporter
'Price stability to spill into 2021'
ECONOMISTS and captains of industry yesterday predicted a continued stability of prices of goods and services into next year.During a state of the economy report by Africa Economic Development...Published: 05 Nov 2020 at 19:27hrs | 920 | by Staff reporter
Zimbabweans turn to sex work amid economic crisis and COVID-19
DRESSED in a mini-skirt and blouse, Esther Kamupunga stood in semi-darkness waiting for men looking for sex the latest Zimbabwean to lose her job in a deepening economic crisis, worsened by the new co...Published: 31 Oct 2020 at 06:13hrs | 1368 | by Staff reporter
Zimbabwe's mobile ecosystem must continue to grow to the betterment of all
Smartphones are revolutionizing the world, democratizing industries, and opening the vast opportunities offered by internet access to people who previously couldn't afford to connect. Zimbabwe is one ...Published: 29 Oct 2020 at 10:17hrs | 632 | by Staff Writer
Zimdollar weakens against the US dollar
The Zimbabwe dollar moved marginally by less than a third of a Zimbabwean cent, against the US dollar at yesterday's Reserve Bank of Zimbabwe (RBZ) foreign currency auction, trading 0,004 percent high...Published: 28 Oct 2020 at 06:25hrs | 3076 | by Staff reporter
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