Search / Panic buying
Grain millers flag 'artificial' mealie-meal shortages in supermarkets
LOCAL grain millers say they have contingency measures throughout the value chain to ensure adequate mealie-meal stocks to feed the nation.The assurance by the Grain Millers Association of Zim...Published: 29 Jan 2024 at 06:00hrs | | by Staff reporter
Mealie-meal shortage artificial
MEALIE-MEAL stock-outs in retail outlets witnessed over the last few weeks were a result of "logistical challenges" that were being faced by local milling companies, which have since been resolved and...Published: 07 Jan 2024 at 17:37hrs | 11 | by Staff reporter
GMB holding 275 000 tonnes of grain
THE Grain Marketing Board (GMB) has more than 257 000 tonnes of grain at its depots countrywide, with stocks expected to increase over the coming weeks as farmers continue delivering produce from the ...Published: 04 Jun 2023 at 08:28hrs | 4 | by Staff reporter
Are Zimbabwe retailers dumping goods on the streets?
Vendors in the country's major cities and towns have literally invaded all strategic points, including verandas of big retail shops, selling a variety of goods including basic commodities in foreign c...Published: 23 May 2023 at 06:41hrs | 1 | by Staff reporter
RBZ in dramatic U-turn on lending
THE central bank yesterday lifted its temporary suspension of lending services by banks after the policy triggered sustained protests from industry, commerce and the public in general.In a sta...Published: 18 May 2022 at 06:23hrs | 11 | by Staff reporter
Fuel queues resurface ahead of festive season
FUEL queues resurfaced in the capital this week, with a number of service stations not having the commodity, sparking panic buying as the festive season approaches.A snap survey by NewsDay Wee...Published: 12 Dec 2021 at 19:39hrs | 7 | by Staff reporter
When the police officer is actually a thug
CRISES bring out the best or worst in people.Well, for Britain, the current fuel shortages have brought out the bad and nasty side of a people that we are told are supposedly more civilised th...Published: 03 Oct 2021 at 08:10hrs | 3 | by Bishop Lazi
UK military drivers on standby
Britain's army has been put on standby to deliver fuel as panic buying worsened a supply crisis, sending prices to an eight-year high.Announcing the move late on Monday, the government said a ...Published: 29 Sep 2021 at 06:36hrs | 2 | by Staff reporter
Long queues at Durban petrol stations as fuel runs out
Long winding queues are forming outside petrol stations in the greater Durban area of KwaZulu-Natal.Several petrol stations have already reportedly run out of fuel, while others have closed fo...Published: 14 Jul 2021 at 10:05hrs | 2 | by Staff reporter
PPC blames cement shortages on panic buying
Zimbabwe's largest cement maker, PPC Zimbabwe says artificial shortages created by customers engaging in panic buying is adversely impacting on the country's construction industry, Business Times can ...Published: 03 Jun 2021 at 08:35hrs | 2 | by Staff reporter
Congestion, panic buying in Bulawayo
BULAWAYO residents yesterday defied stay-at-home lockdown measures that Government imposed with effect from Saturday to combat the spread of Covid-19. It was a hive of activity in the city cen...Published: 04 Jan 2021 at 23:04hrs | 1 | by Staff reporter
Car prices shoot at Musina as panic buying sets in
Instead of dipping, car prices at Musina across the border in South Africa went up by an average 20% due to panic buying caused by a new Government policy on second hand cars.Eric Dzvova, a pr...Published: 02 Jan 2021 at 07:51hrs | 1 | by Staff reporter
Tongaat gazettes retail sugar prices
Tongaat Hulett has gazetted recommended retail sugar prices for the commodity which is being overpriced. The prices for brown sugar are $4,99 for 1kg, $9,98 for 2kg, $24,95 for 5kg and $49,90 ...Published: 24 Jun 2019 at 09:29hrs | | by Staff reporter
High prices can be stopped
Price madness, some businesses may be 'fighting' government using the public (consumers) as pawns on a political chessboard. The dog eat dog price race calls for sober minds to restore sanity. ...Published: 05 Jun 2019 at 18:53hrs | | by Tondorindo
Fuel stabilisation fund on cards
THE Reserve Bank of Zimbabwe (RBZ) will stabilise fuel prices by maintaining the foreign currency exchange rate for fuel for two weeks to minimise price fluctuations. This was said by Energy a...Published: 01 Jun 2019 at 07:40hrs | 2 | by Staff reporter
Load shedding and the long fuel queues
Zimbabwe has been gripped by the shortage of food stuffs unprecedented price hikes of two hundred percent and fuel drought. Each and every Zimbabwean feels the sharp impact of the economic chaos and s...Published: 20 May 2019 at 10:57hrs | 1 | by Dr Masimba Mavaza
How Mnangagwa's government is perpetuating fuel crisis
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase.Amid the outrage and riots which followed, one important detail went larg...Published: 15 May 2019 at 08:11hrs | 15 | by newZWire
The nexus between confidence and economic growth
A change in the Zimbabwean government in November 2017 was somewhat a confidence booster in the economy as the new administration announced business oriented policies and went on an overdrive to re-en...Published: 29 Apr 2019 at 08:45hrs | | by Victor Bhoroma
Zesa tariffs hike story fake
GOVERNMENT has dismissed as false, reports circulating on social media suggesting that electricity tariffs for prepaid meters will go up by 150 percent with effect from today. In an interview ...Published: 15 Mar 2019 at 05:54hrs | 1 | by Staff reporter
Fears of imminent maize meal price increases
1. Fears of imminent maize meal price increases have been extensively speculated in both the main stream and social media. This has, to a large extent, Fueled panic buying with some unscrupulous retai...Published: 15 Feb 2019 at 09:30hrs | 1 | by GMAZ
ZERA rules out fuel price hike
The Zimbabwe Energy Regulatory Authority of Zimbabwe (ZERA) has said the country has enough fuel stocks for the market and Government will not increase its prices in the near future. As such, there is...Published: 09 Feb 2019 at 07:04hrs | | by Staff reporter
RBZ pays for 24 months' fuel
The Reserve Bank of Zimbabwe (RBZ) has paid for fuel supplies enough to cover the next two years, so there is no need for the public to panic, a Cabinet Minister revealed yesterday. Speaking in the Se...Published: 08 Feb 2019 at 08:32hrs | | by Staff reporter
Acute fuel shortages rock Zimbabwe again
Energy and Power Development minister Jorum Gumbo yesterday claimed that fuel companies were concentrating on supplying outlying areas resulting in a shortage of the commodity in urban areas.G...Published: 03 Feb 2019 at 11:58hrs | | by Staff reporter
Zimbabwe fuel queues ease after prices rise
Long fuel queues were once among the most common sights on Zimbabwe's busy streets, but the snaking lines of cars waiting to refuel have disappeared in the past week following a 150 percent price hike...Published: 28 Jan 2019 at 15:35hrs | | by Staff reporter
Mealie meal shortage looms
GOVERNMENT has said there is no need for panic buying as there is enough mealie meal in Bulawayo following last week's looting spree, mainly in the western suburbs. Violent protesters unleashe...Published: 21 Jan 2019 at 08:16hrs | | by Staff reporter
Panicking Zimbabwean shoppers besiege supermarkets
Hundreds of panicking shoppers yesterday thronged supermarkets and engaged in panic buying after some of the country's leading retailers opened their doors to the public following three da...Published: 19 Jan 2019 at 11:49hrs | | by Staff reporter
Zimbabwe facing foreign currency shortages, not fuel, says Mnangagwa
News Editor Gift Phiri sits down for a wide-ranging interview with President Emmerson Mnangagwa's spokesperson George Charamba about the stuttering economy and what government is doing to address the ...Published: 13 Jan 2019 at 22:28hrs | 4 | by Staff reporter
Govt sets record straight on fuel
GOVERNMENT has dismissed reports that fuel would be sold in foreign currency with bond notes and swipe being accepted using black market rates only as from Monday. The social media reports were dismis...Published: 12 Jan 2019 at 11:30hrs | | by Staff Reporter
Chiwenga slams use of social media to cause panic buying
ACTING President Constantino Chiwenga has castigated abuse of social media to cause panic buying of fuel and other basic commodities. Officiating at the launch of the second phase of the centr...Published: 11 Jan 2019 at 09:23hrs | | by Staff reporter
Chiwenga slams panic buying and hoarding tendencies
Acting President Retired General Dr Constantino Chiwenga says panic buying and hoarding tendencies are fuelling shortages and price distortions.Dr Chiwenga was speaking at the launch of the se...Published: 10 Jan 2019 at 18:12hrs | 3 | by Staff reporter
'Zimbabwe inflation rate drops'
The country's inflation rate has dropped by over seven percent as government has been working tirelessly to contain price increases, Finance and Economic Development Minister Mthuli Ncube has said....Published: 31 Dec 2018 at 18:44hrs | | by Staff reporter
'Fuel supply gaps still exist in Zimbabwe'
Although fuel consumers are generally able to access fuel, some gaps still exist as we continue to witness fuel queues, even though some are short - that's a fact.The demand trends I have witn...Published: 23 Dec 2018 at 08:39hrs | 2 | by Staff reporter
Mnangagwa's govt mulls fuel rations
GOVERNMENT is mulling fuel rationing as the country reels from worsening shortages and growing queues in the middle of the festive season, an energy sector official has said.This comes as Rese...Published: 22 Dec 2018 at 19:09hrs | | by Staff reporter
Zimbabwe consumers bear brunt of inflation
ZIMBABWE in 2018 experienced a dramatic rise in inflation and widening price increases after Finance minister Mthuli Ncube hinted that there was need to separate the Real-Time Gross Settlement bank ba...Published: 22 Dec 2018 at 18:48hrs | | by Staff reporter
Zimbabwe fuel situation dire
THE Zimbabwe Energy Regulatory Authority (Zera) says the fuel supply crisis has reached catastrophic levels as the 100-million-litre consignment procured last week at a cost of US$60 million has alrea...Published: 13 Dec 2018 at 20:00hrs | 2 | by Staff reporter
'We want unity!' says desperate VP Mohadi - new GNU will NOT end economic meltdown
Zimbabwe's economic situation is getting worse and worse by the day; as much as President Mnangagwa and his Zanu PF friends would want to ignore it, it is now clear that they cannot do so. The regime ...Published: 11 Dec 2018 at 07:21hrs | 5 | by Patrick Guramatunhu
Linda Masarira's letter to Mthuli Ncube
National Spokesperson of MDC-T led by Dr Thokozani Khuphe has written to the Minister of finance Mthuli Ncube questioning his lack of providing a clear roadmap amidst the mounting economic woes th...Published: 05 Dec 2018 at 16:57hrs | 7 | by Mandla Ndlovu
Long fuel queues blamed on panic buying
Fuel service stations are getting the normal supplies of a combined eight million litres daily but panic buying by motorists in anticipation of price increases and the festive season has resulted in l...Published: 03 Dec 2018 at 07:25hrs | 1 | by Staff reporter
Zimbabwe has enough fuel, claims Govt
Fuel service stations are getting the normal supplies of a combined eight million litres daily, but panic buying by motorists in anticipation of a price increase and the festive season have meant that...Published: 03 Dec 2018 at 07:04hrs | 2 | by Staff reporter
Chamisa, Biti push for talks to end economic turmoil
Opposition leader Nelson Chamisa and one of his key lieutenants, MDC national vice chairperson Tendai Biti, have called for political dialogue with President Emmerson Mnangagwa to end the country's ec...Published: 28 Nov 2018 at 22:48hrs | | by Staff reporter
MDC pushes for a national dialogue
Opposition leader Nelson Chamisa and one of his key lieutenants, MDC national vice chairperson Tendai Biti, have called for political dialogue with President Emmerson Mnangagwa to end the country's ec...Published: 28 Nov 2018 at 10:29hrs | | by Staff Reporter
Chinotimba blasts Parly admin
Member of Parliament for Buhera South Joseph Chinotimba has accused administrators at Parliament of fuelling the current price madness in the economy, the Daily News can report.This was after ...Published: 23 Nov 2018 at 14:08hrs | 1 | by Staff reporter
The Zimbabwe bond note survives
ZIMBABWE'S surrogate bond note currency will continue to circulate as Treasury says it will maintain the 1:1 parity between local money and the greenback. This is despite the disparity in exchange rat...Published: 23 Nov 2018 at 05:32hrs | | by Staff reporter
Teachers threaten strike
The Zimbabwe Teachers Association (Zimta) has said its members will go on strike if they are not paid their salaries in US dollars this month.This is despite the country experiencing severe sh...Published: 22 Nov 2018 at 12:13hrs | | by Staff reporter
Fuel shortages resurface again
Government assured motorists yesterday that there were no shortages of fuel and urged them not to engage in panic buying after long queues built up at filling stations.Lengthy fuel queues were...Published: 22 Nov 2018 at 11:38hrs | 12 | by STaff reporter
Zimbabwe govt speaks on fuel situation
Government has attributed the fuel stock-outs witnessed in the last two days at some service stations in Harare to delays in foreign currency allocations. Energy and Power Development Minister...Published: 22 Nov 2018 at 05:44hrs | | by Staff reporter
Zimbabwe festive season shaping up well
In a development that bodes well for the festive season, retailers say they are now operating at near full capacity after a turbulent few weeks which saw panicking Zimbabweans besieging supermarkets f...Published: 19 Nov 2018 at 12:38hrs | | by Staff reporter
Govt to meet business over prices
GOVERNMENT is today expected to meet manufacturers and retailers in a bid to address price hikes, a Cabinet minister confirmed yesterday. The country witnessed astronomical increases of basic ...Published: 19 Nov 2018 at 05:33hrs | | by Staff reporter
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 27 | by newZwire with The Source
Beer price back to normal
Beer price which had more than doubled over the past weeks has normalised, while charges for other beverages have also significantly come down.A pint of beer had shot up to $5 owing to panic b...Published: 12 Nov 2018 at 18:19hrs | 1 | by Staff reporter
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