Search / Fiscal deficit
Botswana gets $304 million AfDB loan
The African Development Bank (AfDB) has approved a $304 million loan to Botswana as the country grapples with rising fiscal pressures and seeks to implement crucial governance and economic reforms. Th...Published: 16 May 2025 at 17:29hrs | 457 | by Staff reporter
Zimbabwe central bank urges banks to increase ZiG lending
With the Zimbabwe Gold (ZiG) currency now largely stable, the Reserve Bank of Zimbabwe (RBZ) has urged banks to increase lending in ZiG, assuring financial institutions that the risk of depreciation h...Published: 01 Mar 2025 at 08:56hrs | 205 | by Staff reporter
Zimbabwe's inflation surges to 11.6% in January 2025
Zimbabwe's weighted month-on-month inflation rate surged by 10.5 percentage points in January 2025, reaching 11.6 percent from 1.1 percent in December 2024, according to figures released by the Zimbab...Published: 30 Jan 2025 at 06:38hrs | 119 | by Staff reporter
South Africa running out of money at an alarming rate
Efficient Group chief economist Dawie Roodt has warned that South Africa is heading for a financial crisis due to its growing debt burden.Speaking to State of the Nation's Mark Sham, Roodt sai...Published: 09 Dec 2024 at 15:15hrs | 727 | by Staff reporter
Zimbabwe govt sinks in deep financial hole
The recent 43% devaluation of Zimbabwe's Zimbabwe Gold (ZiG) currency has exacerbated the government's financial crisis, leaving it struggling to meet its obligations while civil servants and other pu...Published: 19 Nov 2024 at 13:38hrs | 7767 | by Staff reporter
Mnangagwa ruined Zanu-PF business empire
THE predictable appointment of FBC Holdings chief executive John Mushayavanhu as the incoming Reserve Bank of Zimbabwe (RBZ) governor has completed President Emmerson Mnangagwa's critical post-electio...Published: 12 Dec 2023 at 18:00hrs | 32 | by Staff reporter
Zimbabwe slowing getting back to its feet at 43
IN 1893 my ancestors raised the Union Jack in a place they called Salisbury, in the middle of what is now called southern Africa. That is 130 years ago and for the next 87 years this tiny group of whi...Published: 05 Sep 2023 at 06:19hrs | 2 | by Eddie Cross
Zimdollar depreciation scares Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube is concerned about the depreciation of the local currency against the greenback as he drafts the national budget for 2024, fearing Zimbabwe's fis...Published: 18 Aug 2023 at 18:10hrs | | by Staff reporter
Reserve Bank of Zimbabwe's external debt gives Treasury headache
TREASURY says taking over Reserve Bank of Zimbabwe (RBZ)'s external debt will make budget financing for the 2024 fiscal year difficult.On June 15, President Emmerson Mnangagwa issued Statutory...Published: 15 Aug 2023 at 06:34hrs | 12 | by Staff reporter
'Zimbabwe inflation to reach double figures in 2024'
ZIMBABWE has recorded the highest poverty levels across the southern African region although inflation is expected to go down in 2024 as the government maintains a tight monetary policy and global pri...Published: 31 Jul 2023 at 07:00hrs | 9 | by Staff reporter
Mbalula remarks reflect how Zimbabweans are weighing on SA's public service delivery
NOTWITHSTANDING massive infrastructure projects and other developmental initiatives being undertaken in Zimbabwe, the Zimbabwean development question remains debatable.A majority of the ongoin...Published: 04 Jul 2023 at 07:07hrs | 3 | by Zimbabwe Coalition on Debt and Development
'Full dollarisation suicidal for Zimbabwe'
THE Reserve Bank of Zimbabwe (RBZ) has warned against full dollarisation as the economy battles exchange rate volatility which has triggered astronomical price hikes.In 2008, the country ditch...Published: 20 Jun 2023 at 18:39hrs | 1 | by Staff reporter
SA's troubles are mounting, IMF warns
The IMF has warned that SA faces "mounting economic and social challenges" as economic growth recedes, consumer and business sentiment remain weak, and energy and logistics crises deepen. It a...Published: 06 Jun 2023 at 18:11hrs | 1 | by Staff reporter
Zimbabwe economy could grow 6% this year
Zimbabwe's economy could grow 6 percent this year, better than a previous forecast for 3.8 percent growth, thanks to a strong performance by agriculture and easing power shortages, Finance Minister Mt...Published: 25 Apr 2023 at 09:11hrs | 2 | by Staff reporter
Demand for Zimdollar still high
ZIMBABWE'S central bank says demand for the local currency remains high despite increased use of foreign currency across economic sectors.The country legalised the dual monetary system to tame...Published: 17 Mar 2023 at 18:59hrs | 1 | by Staff reporter
Understanding the collapse of Zimbabwe
THE first two decades that followed the independence of Zimbabwe in 1980 were characterised by a number of major developments. Government expanded social services such as health and education — the ...Published: 10 Mar 2023 at 05:20hrs | 11 | by Eddie Cross
Grace Mugabe funded Chamisa's 2018 campaign
ECONOMIST and former opposition legislator Eddie Cross has claimed that former First Lady Grace Mugabe bankrolled opposition leader Nelson Chamisa's 2018 presidential bid.During the 2018 harmo...Published: 01 Feb 2023 at 07:48hrs | 12 | by Staff reporter
Debt financing to fund 2023 budget
Finance minister Mthuli Ncube says debt financing will be used to fund the $4,5 trillion 2023 national budget, raising concerns about money supply growth.Treasury expects $3,9 trillion in reve...Published: 04 Dec 2022 at 08:11hrs | 1 | by Staff reporter
Zimbabwe now one of the fastest growing African economies
ANALYSING Zimbabwe's unconventional economy always proves somewhat cumbersome because it is a country bridled with policy inconsistency, unfavourable operating conditions buoyed by decades of unilater...Published: 02 Dec 2022 at 19:32hrs | 1 | by Respect Gwenzi
Civil servants get lion's share
SALARIES for civil servants are set to go up markedly after the Government allocated the biggest chunk of the 2023 National Budget towards the public sector wage bill to cushion workers from the negat...Published: 25 Nov 2022 at 05:05hrs | | by Staff reporter
World Bank commends Mthuli Ncube's bold economic reforms
GLOBAL financier, the World Bank (WB) has heaped praise on Zimbabwe for continuously implementing bold economic reforms more recently saying the initiatives had positioned the economy for a sound perf...Published: 16 Oct 2022 at 19:23hrs | | by Staff reporter
Biti questions Zimbabwe external debt figure
FORMER Finance minister and Harare East legislator Tendai Biti has questioned the country's current external debt and says that the actual figure was likely higher than what government has disclosed....Published: 26 Sep 2022 at 05:59hrs | 1 | by Staff reporter
Dollar o'clock: Should Zimbabwe axe its faltering currency again?
IN early 2019, Zimbabwe's central bank announced plans to bring back the Zimbabwe dollar as legal tender after a decade of using the US dollar and seven other international currencies because raging h...Published: 11 May 2022 at 09:11hrs | 1 | by Staff reporter
Zimbabwe govt desperate for Western bailout
Zimbabwe has taken its begging bowl to the international community as it desperately seeks financial sponsors to help pay off nearly US$2.5 billion in external arrears owed to the World Bank and the A...Published: 30 Apr 2022 at 16:25hrs | 1 | by Staff reporter
Govt moves to promote use of Zimdollar
THE Government has instituted measures to promote wider use of the Zimbabwe dollar in transacting, which will see some exporters settling up to 50 percent of their taxes in local currency.Trea...Published: 04 Feb 2022 at 21:24hrs | 1 | by Staff reporter
Zimbabwean failure
LOOKING back over the past 40 years in Zimbabwe, I am surprised we are still here.In 1980, I was playing a small part in the transition from Rhodesia to Zimbabwe in that I was selected as one ...Published: 23 Nov 2021 at 05:57hrs | 12 | by Eddie Cross
Zimbabwe must step up reform agenda, says IMF
ZIMBABWE should step up its reform agenda in order to quicken economic growth and normalise relations with the international community and multilateral lenders, the International Monetary Fund says....Published: 22 Nov 2021 at 06:14hrs | 10 | by Staff reporter
IMF closes door on Zimbabwe
The International Monetary Fund (IMF) on Tuesday said it was precluded from providing financial support to Zimbabwe due to its "unsustainable debt and external arrears," and any lending arrangement wo...Published: 17 Nov 2021 at 07:46hrs | 7 | by Staff reporter
Govt ups forex black market fight
GOVERNMENT is implementing a raft of additional measures to curb the illegal trading of forex and the benchmarking of prices using the parallel market rates, Finance and Economic Development Minister ...Published: 08 Oct 2021 at 06:26hrs | 1 | by Staff reporter
Solutions to Zimbabwe debt, fiscal deficits
THE Labour and Economic Development Research Institute of Zimbabwe (Ledriz) has crafted a cocktail of measures which could be a solution to Zimbabwe's debt problems, fiscal deficits, stunted growth an...Published: 24 Sep 2021 at 09:45hrs | 1 | by Staff reporter
Zambian economy outplayed Lungu
The misconception that a replication of Edgar Lungu's political dilemma will befall Zimbabwe come 2023 will remain a mirage, not only for Nelson Chamisa who rushed to ululate at the then opposition pa...Published: 23 Aug 2021 at 07:47hrs | 1 | by Daphine Zulu
Mnangagwa's govt admits policy failures
GOVERNMENT has conceded that it was found wanting in the implementation of previous economic blueprints and now pins its hopes on its ambitious National Development Strategy 1 (NDS1) to cure the curre...Published: 27 May 2021 at 07:24hrs | | by Staff reporter
Understanding the Zimbabwe economy
I OFTEN say to visiting experts and diplomats that, if you say you understand Zimbabwe, you have not been here long enough.We are a tiny blip on the global radar but we punch well above our we...Published: 26 Mar 2021 at 05:52hrs | 1 | by Eddie Cross
IMF team heads for Zimbabwe
AN International Monetary Fund (IMF) team is expected in Zimbabwe within the next three months to revive the Staff Monitored Programme (SMP), Finance and Economic Development minister Mthuli Ncube has...Published: 05 Mar 2021 at 07:00hrs | 1 | by Staff reporter
Zimbabwe govt treasury surplus exceeds $6bn
Public finances have been in perfect health for a good period now, amid revelations that Treasury has maintained surpluses in excess of $6 billion on its accounts at the Reserve Bank of Zimbabwe (RBZ)...Published: 28 Feb 2021 at 10:30hrs | | by Staff reporter
Was November 2017 a false start for Zimbabwe?
THEN there was the incident in New York on 9/11, I drove into the garden of my daughter and her husband and they shouted at me to come and see what was happening.I walked into the house and sa...Published: 17 Feb 2021 at 20:19hrs | 1 | by Eddie Cross
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 | 2 | by Staff reporter
Reforming to rebuild Zimbabwe: A time for growth - Mthuli Ncube
With the recent announcements of vaccines to the Covid-19 pandemic, the world is staring through their dark tunnel to get a glimpse of the light....Published: 13 Dec 2020 at 05:55hrs | | by Prof Mthuli Ncube
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 | 2 | by Staff reporter
$421.6bn inclusive 2021 budget unveiled
FINANCE and Economic Development Minister, Professor Mthuli Ncube yesterday announced a $421.6 billion National Budget for 2021 in which he handed down tax relief measures to cushion workers and corpo...Published: 27 Nov 2020 at 07:02hrs | 1 | by Staff reporter
Govt ranks highest payer, says Mthuli Ncube
THE Government is currently the highest paying employer in the country and pay scales for public servants far outstrip what private sector players are giving their employees, Finance and Economic Deve...Published: 20 Nov 2020 at 05:57hrs | 2 | by Staff reporter
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 | 1 | by Staff reporter
Farms deal 'complicates' Zimbabwe crisis
A LANDMARK deal recently inked between white former commercial farmers and the government of Zimbabwe will make it difficult for the country to repay debts, negotiate fresh lines of credit and ask for...Published: 11 Oct 2020 at 08:13hrs | 5 | by Staff Reporter
IMF flies into Zimbabwe financial mess
A TEAM of International Monetary Fund (IMF) officials will jet into the country next week for the first review of the Staff-Monitored Programme (SMP) at a time government finances are in a shambles wi...Published: 06 Sep 2019 at 07:31hrs | 1 | by Staff reporter
Zimra issues new import rules
THE Zimbabwe Revenue Authority (Zimra) has issued new import regulations that are set to result in the formalisation of Small to Medium Enterprises (SMEs), most of which have remained largely informal...Published: 30 Aug 2019 at 07:57hrs | | by Staff reporter
ZB fears inflation-induced balance sheet contraction
LISTED financial services group, ZB Financial Holdings, has raised fears over balance sheet contraction on the back of rising inflationary pressures. Although the group's total income increase...Published: 28 Aug 2019 at 07:29hrs | 1 | by Staff reporter
'Austerity ends in 2019,' says Muthuli Ncube
While Government has instituted a batch of key macro-economic reforms since late last year, which analysts say have set the economy for recovery and sustainable growth, the chief architect of the chan...Published: 25 Aug 2019 at 08:42hrs | | by Staff reporter
Zimdollar introduction timely, says Mthuli Ncube
FINANCE and Economic Development Minister Professor Mthuli Ncube yesterday said the introduction of the Zimbabwe dollar was timely as the country has registered macro-economic fundamentals that will p...Published: 10 Aug 2019 at 08:54hrs | | 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 | 1 | by Staff reporter
'Economy in good stead for growth'
The reforms that have been instituted by Government since September last year to restore sound macro-economic fundamentals have placed the economy on a firm foundation to support sustainable recovery,...Published: 04 Aug 2019 at 10:04hrs | 1 | by STaff reporter
Load More Stories