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Zimbabwe's gold reserves dwarfed by regional counterparts
Zimbabwe's gold reserves stood at 85,842.38 ounces (2.67 tonnes) as of December 31, 2024, valued at $223.8 million, according to an audit by BDO. The figures, based on international market prices, ref...Published: 13 Feb 2025 at 12:21hrs | 402 | by Staff reporter
Zimbabwe vendors required to use POS machines
The Government has introduced a directive requiring all vendors to use Point of Sale (POS) machines and open bank accounts as part of their registration process. This initiative, implemented in collab...Published: 13 Feb 2025 at 06:30hrs | 391 | by Staff reporter
Zimbabwe in massive maize, wheat imports
Zimbabwe has imported 1.3 million metric tonnes of maize and wheat through the private sector to alleviate ongoing shortages caused by poor land utilisation, lack of funding, inadequate farming capaci...Published: 12 Feb 2025 at 11:21hrs | 176 | by Staff reporter
Zimbabwe's gold coins sell for record $3,000 as bullion surges
Zimbabwe's gold coins sold above $3 000 for the first time since they were introduced almost three years ago as the price of bullion surged.The 22-carat "Mosi-Oa-Tunya" gold coins, named after...Published: 12 Feb 2025 at 06:39hrs | 733 | by Staff reporter
'South Africa being unjustly punished by the Trump'
President Emmerson Mnangagwa has strongly criticized the United States for imposing sanctions on South Africa, likening the situation to the punitive measures placed on Zimbabwe following its Land Ref...Published: 09 Feb 2025 at 11:27hrs | 181 | by Staff reporter
2 company directors dupe Zimra of R10 million
Two directors of Hilmax, Rugare Murwira and Patrick Musavaya, appeared before Harare Magistrate Marehwanazvo Gofa on Wednesday to face seven counts of fraud, allegedly defrauding the Zimbabwe Revenue ...Published: 07 Feb 2025 at 06:41hrs | 495 | by Staff reporter
Zimbabwe raises savings rates, cuts POS charges
The Reserve Bank of Zimbabwe (RBZ) has introduced a series of bold monetary policy measures aimed at promoting the use of the Zimbabwe Gold (ZiG) currency and enhancing economic stability. These measu...Published: 07 Feb 2025 at 06:35hrs | 391 | by Staff reporter
Over 600,000 used the SA-Zimbabwe border during festive season
A total of 645,590 travellers used the Beitbridge Border Post during the recently concluded 2024 festive season, according to an announcement made by South Africa's Border Management Authority (BMA) o...Published: 05 Feb 2025 at 11:52hrs | 40 | by Staff reporter
Zimbabwe's Manhize steel plant hits key milestone
The US$1.5 billion Manhize Steel Plant, located in the Midlands province, has officially commenced the production of reinforced steel bars (rebars), marking a significant milestone in Zimbabwe's indus...Published: 05 Feb 2025 at 11:48hrs | 854 | by Staff reporter
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2005 | by Staff reporter
Zimbabwe tightens noose on informal sector
The government has announced stringent measures aimed at protecting the formal sector from what it describes as unfair competition posed by informal traders.In a statement released on Friday f...Published: 01 Feb 2025 at 08:56hrs | 623 | by Staff reporter
Varun Beverages brings PepsiCo snacks to Zimbabwe
Varun Beverages Limited will start distributing PepsiCo snacks in Zimbabwe and Zambia from next week, with plans to begin local manufacturing when its production plant comes online in October this yea...Published: 31 Jan 2025 at 07:26hrs | 369 | by Staff reporter
Hwange Power Station breaches 1 000MW output
Consumers across Zimbabwe have expressed their satisfaction with the recent improvement in power supply, attributed to the successful completion of maintenance works at the Hwange Power Station. The f...Published: 30 Jan 2025 at 06:52hrs | 3137 | by Staff reporter
Zimbabwe govt tightens screws on smuggling rings
The Zimbabwean government has intensified its efforts to combat smuggling with the introduction of new regulations targeting 19 categories of goods often brought into the country illegally. The measur...Published: 28 Jan 2025 at 07:00hrs | 202 | by Staff reporter
Zimbabwe govt vows to confiscate and burn second-hand clothing
Tafadzwa Muguti, Permanent Secretary for Presidential Affairs and Devolution in the Office of the President and Cabinet, has reiterated that the importation and sale of second-hand clothing in Zimbabw...Published: 25 Jan 2025 at 15:43hrs | 901 | by Staff reporter
Zimbabwe lifts ban on cloven-hoofed animal imports from South Africa
The Red Meat Producers' Organisation (RPO) and Agricultural Business Chamber of South Africa (Agbiz) have welcomed Zimbabwe's recent move to lift the ban on the importation of cloven-hoofed animals an...Published: 20 Jan 2025 at 10:23hrs | 212 | by Staff reporter
Mnangagwa misses Chapo inauguration
Zimbabwe's Defence Minister, Oppah Muchinguri-Kashiri, is set to represent President Emmerson Mnangagwa at the inauguration of Mozambique's President-elect, Daniel Chapo, in Maputo today. The event un...Published: 15 Jan 2025 at 12:08hrs | 1136 | by Staff reporter
SA in record-high grain exports to Zimbabwe
The Port of Durban is currently receiving a shipment of imported white maize, marking the first import of the grain since March 2017 when South Africa was grappling with a severe drought.The A...Published: 15 Jan 2025 at 06:44hrs | 659 | by Staff reporter
Mnangagwa dares opposition MPs
President Emmerson Mnangagwa has urged opposition legislators to actively scrutinize and challenge Zanu-PF Members of Parliament (MPs) to ensure they deliver for the benefit of all Zimbabweans....Published: 13 Jan 2025 at 07:13hrs | 488 | by Staff reporter
Zimbabwe's food crisis set to worsen
Zimbabwe is grappling with worsening food shortages as more than half the population faces hunger due to delayed rains and the ongoing effects of drought. The situation is expected to persist during t...Published: 05 Jan 2025 at 14:39hrs | 1105 | by Staff reporter
Zimbabwe farmers urged to tap into China's fruit import market
Trade promotion agency ZimTrade is encouraging Zimbabwean farmers to seize the opportunity presented by China's growing fruit import market, which could generate much-needed foreign currency for the c...Published: 31 Dec 2024 at 13:57hrs | 242 | by Staff reporter
Zimbabwe's power crisis set to persist into 2025
Zimbabwe's prolonged power outages, which have left ordinary citizens enduring hours without electricity, are expected to spill over into 2025 due to a lack of foreign currency needed for electricity ...Published: 22 Dec 2024 at 11:06hrs | 577 | by Staff reporter
GMB shops help stabilise mealie meal prices
The establishment of 50 Grain Marketing Board (GMB) shops nationwide has successfully stabilised the prices of essential commodities such as mealie meal, sugar, and cooking oil, despite Zimbabwe grapp...Published: 22 Dec 2024 at 10:34hrs | 96 | by Staff reporter
Festive Crackdown or Festive Crisis? How Mthuli Ncube's Policies Punish the Poor
The Zimbabwean government, under the stewardship of Finance Minister Mthuli Ncube, has launched a door-to-door crackdown to confiscate smuggled goods. This initiative, introduced during the festive se...Published: 20 Dec 2024 at 10:09hrs | 154 | by Kindred Sibanda
Is Zimbabwe on the brink of collapse?
Zimbabwe is standing at a dangerous crossroads as the nation endures an escalating energy crisis that threatens its economy, livelihoods, and future prospects. The recent wave of prolonged pow...Published: 18 Dec 2024 at 13:05hrs | 2003 | by Tendai Ruben Mbofana
The impact of duty-free incentives in the 2025 national budget
The 2025 National Budget is a forward-thinking approach to economic recovery and national development, introducing strategic duty-free incentives aimed at empowering local industries, stimulating econ...Published: 17 Dec 2024 at 20:12hrs | 1048 | by Innocent Mujeri
Zimbabwe power surge triggers shutdown in Zambia?
Zimbabwe and Zambia were hit by a synchronized nationwide power blackout on Tuesday, following a shutdown initiated by South African power utility Eskom due to a surge in the regional power grid....Published: 17 Dec 2024 at 16:24hrs | 2471 | by Staff reporter
PPC Zimbabwe to fast-track solar projects
Pretoria Portland Cement (PPC) Zimbabwe has announced plans to accelerate the construction of two solar power plants with a combined capacity of 30 megawatts (MW) in Colleen Bawn and Bulawayo. The ini...Published: 16 Dec 2024 at 10:33hrs | 212 | by Staff reporter
Zimbabwe authorities step up crackdown on smuggled goods
The Zimbabwean government has ramped up efforts to combat smuggling and the influx of counterfeit goods as part of a broader strategy to protect domestic industries and enhance their competitiveness....Published: 15 Dec 2024 at 09:11hrs | 438 | by Staff reporter
Zimbabwean businessman eyes titanium value addition industry in Africa
Zimbabwean-born CEO Donovan Chimhandamba of South Africa-based Nyanza Light Metals has unveiled ambitious plans to establish a beneficiation and value addition industry for titanium minerals in Africa...Published: 14 Dec 2024 at 21:32hrs | 766 | by Staff reporter
Zimbabwe's GDP takes US$12bn knock
Zimbabwe's gross domestic product (GDP) has sharply fallen to US$35 billion in November, a staggering 25% decline from US$47 billion in April. The sharp contraction highlights the dire economic challe...Published: 14 Dec 2024 at 10:35hrs | 193 | by Staff reporter
Zimbabwe clamps down on smuggling, counterfeit products
Authorities in Zimbabwe are intensifying efforts to combat the smuggling of consumer goods into the country and the proliferation of counterfeit and substandard products in the market to safeguard pub...Published: 13 Dec 2024 at 09:43hrs | 265 | by Staff reporter
Mnangagwa says iron, steel sector key to Zimbabwe's economic revitalisation
President Emmerson Mnangagwa has emphasized the critical role of Zimbabwe's iron and steel industry in transforming the national and regional economy, underscoring its potential to drive industrialisa...Published: 13 Dec 2024 at 06:45hrs | 316 | by Staff reporter
Mthuli Ncube willing to review tax proposals
The Zimbabwean Treasury may revise certain tax measures outlined in the 2025 National Budget following concerns raised by business leaders, economists, and other stakeholders. Finance, Economic Develo...Published: 11 Dec 2024 at 06:30hrs | 447 | by Staff reporter
Zimbabwe strengthens push for rice self-sufficiency
Zimbabwe is set to significantly boost its rice production, with a projected output of over 2,000 tonnes for the 2024/2025 farming season. This marks a remarkable recovery from the 73.5 tonnes produce...Published: 08 Dec 2024 at 09:47hrs | 73 | by Staff reporter
Zimbabwe trade deficit narrows to US$137,7 million
Zimbabwe's trade deficit shrank to US$137.7 million in October 2024, marking a 34.3% decrease from the US$209.5 million recorded in September. This positive trend is attributed to a significant growth...Published: 07 Dec 2024 at 10:33hrs | 523 | by Staff reporter
Zimbabwe's cash reserves cannot cover a month
The Zimbabwe National Chamber of Commerce (ZNCC) has raised alarm over the country's dwindling foreign currency reserves, warning that the current US$540 million is insufficient to cover even a single...Published: 06 Dec 2024 at 18:10hrs | 649 | by Staff reporter
SA firms envy Zimbabwe's Manhize plant impact
The neighbouring South Africa's steel industry is worrying and strategizing over the impact to their local industry brought in by Dinston Iron and Steel Company in Zimbabwe's Manhize area with experts...Published: 06 Dec 2024 at 13:03hrs | 4973 | by Staff reporter
Zimbabwe boosts border efficiency for festive season
Beitbridge Border Post, one of the busiest entry points into Zimbabwe, is preparing for a surge in traffic as authorities reactivate the Border Efficiency Management Systems (BEMS) in anticipation of ...Published: 04 Dec 2024 at 06:43hrs | 115 | by Staff reporter
Ramaphosa's economy shrinks 0.3%
The South African economy unexpectedly contracted by 0.3% from the second to the third quarter this year.Economists polled by Reuters expected growth of 0.5%.In the third quarter, the ...Published: 03 Dec 2024 at 15:39hrs | 310 | by Staff reporter
Trump suggests Canada should become the 51st US State
US President-elect Donald Trump has suggested that Canada should become the 51st US state unless it manages to halt the flow of illegal migrants and drugs across its border with the US, Fox News repor...Published: 03 Dec 2024 at 11:05hrs | 1481 | by Staff reporter
Zimbabwe achieves record wheat harvest
Zimbabwe has achieved a record-breaking wheat harvest, with deliveries reaching 563,961 tonnes, significantly surpassing last year's 467,000 tonnes. This milestone marks the nation's largest wheat har...Published: 03 Dec 2024 at 08:48hrs | 79 | by Staff reporter
Cement imports threaten Zimbabwe's economy, warns PPC Zimbabwe
Zimbabwe risks losing approximately US$50 million annually in foreign currency if cement imports continue to flood the market, warns leading cement manufacturer Pretoria Portland Cement (PPC) Zimbabwe...Published: 02 Dec 2024 at 18:57hrs | 1228 | by Staff reporter
Upgrade of Hwange thermal station's old units begins
Officials from India's Jindal Steel and Power Company are finalising contracts and assessments for a major refurbishment of six aging generation units at the Hwange Thermal Power Station. The ambitiou...Published: 01 Dec 2024 at 08:49hrs | 126 | by Staff reporter
South African commentator downplays Zimbabwe's giant steel plant's capabilities?
'It will just add to surplus capacity in the region, and the only way to safeguard against the commodity trade is to start adding value to the steel product itself' – Charles Dednam, South African I...Published: 01 Dec 2024 at 07:33hrs | 3468 | by Staff reporter
Mthuli Ncube's budget is anti-people, anti-business and anti-Zimbabwe
Citizens Coalition for Change Statement on 2025 budget statement The recent national budget proposal exposes the Zanu-PF government's obnoxious penchant to compulsorily expropriate people's mo...Published: 30 Nov 2024 at 13:28hrs | 83 | by Willias Madzimure
Zimbabwe's fuel black market returns
Illegal fuel dealers have re-emerged on the streets of Bulawayo, selling smuggled petrol and diesel in defiance of government regulations mandating ethanol blending. The illicit traders claim their fu...Published: 30 Nov 2024 at 12:57hrs | 6245 | by Staff reporter
Breakthrough as 720MW Titan Power Plant Project scheduled for December 2 launch
A ground-breaking ceremony for the 720MW Titan Power Plant Project is scheduled for 2 December 2024 at Hwange Power Station, marking a pivotal moment in Zimbabwe's quest for energy self- sufficiency. ...Published: 29 Nov 2024 at 14:39hrs | 2073 | by George Tshuma
How Zimbabwe's ruling elite fund their luxuries at the expense of ordinary citizens
They live a tax-free lifestyle, do not pay duty to import vehicles and yet they introduce a new tax every year to fund their luxurious lifestyle. In Zimbabwe, the stark contrast between the lifestyles...Published: 29 Nov 2024 at 12:38hrs | 824 | by Jacob Kudzayi Mutisi
Zimbabweans abroad sent home US$1,9 billion in 9 months
Zimbabweans living abroad sent a record-breaking US$1.9 billion back home in the first nine months of 2024, marking a significant 16.5% increase from the US$1.6 billion remitted in the same period las...Published: 29 Nov 2024 at 07:17hrs | 368 | by Staff reporter
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