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Helen Zille and her fellow travellers are victims of their propaganda
Helen Zille and her fellow travellers are victims of their propaganda. They undermine and underestimate the MKP at their own peril. With ANC on an irreversible decline, MKP has become a key player in ...Published: 15 Dec 2024 at 11:58hrs | 1246 | by Prof. Sipho Seepe
RBZ keeps rates steady
Reserve Bank of Zimbabwe (RBZ) Governor John Mushayavanhu has announced that the bank policy rate will remain at 35%, and statutory reserve requirements will stay unchanged, as the central bank seeks ...Published: 05 Dec 2024 at 06:55hrs | 444 | by Staff reporter
'Banks refuse to make salary payments on behalf of Zimbabwe govt'
A dramatic financial crisis has hit Zimbabwe's civil service as banks have reportedly withheld payments for thousands of public sector workers' salaries, citing the government's inability to meet its ...Published: 03 Dec 2024 at 09:58hrs | 12939 | by Staff reporter
Bheki Mtolo says Ramaphosa should also account for electoral drubbing
In what seems to be a pushback ahead of Monday's highly anticipated meeting with the African National Congress (ANC) National Working Committee (NWC), Bheki Mtolo, the provincial secretary of the ANC ...Published: 01 Dec 2024 at 12:42hrs | 377 | by Staff reporter
ZiG spawns upheavals in insurance industry
Insurers have been scrambling to reassure policyholders as market jitters resurface in the wake of the introduction of Zimbabwe Gold (ZiG) in April. With memories of the devastating currency shifts in...Published: 24 Nov 2024 at 10:13hrs | 253 | by Staff reporter
South Africa submits main legal claim to the top UN court accusing Israel of genocide
The South African legal team delivered a nearly 5,000-page document to the United Nations' top court on Monday, the latest step in a case the country brought accusing Israel of committing genocide aga...Published: 29 Oct 2024 at 09:21hrs | 410 | by Associated Press
ANC introduces its version of Chitepo School of Ideology
As the African National Congress (ANC) works to rebuild its relationship with the electorate following significant electoral setbacks, the party has declared political education a top priority. All AN...Published: 29 Oct 2024 at 08:03hrs | 558 | by Staff reporter
RBZ blames speculative behaviour for ZiG's woes
The Reserve Bank of Zimbabwe (RBZ) has attributed the recent collapse of the newly introduced Zimbabwe Gold (ZiG) currency to rampant rent-seeking behavior and speculative activities within the parall...Published: 20 Oct 2024 at 14:12hrs | 236 | by Staff reporter
Billions 'wiped off' Zimbabwe banks
Bankers in Zimbabwe have attributed a significant downturn in revenues to frequent changes in the country's functional currency, as first-half financial statements revealed a staggering loss of billio...Published: 18 Oct 2024 at 12:28hrs | 1433 | by Staff reporter
ZiG devaluation amid rising gold prices raises lots of questions
Justice, Legal and Parliamentary Affairs Minister Ziyambi Ziyambi faced tough questions in Parliament on Wednesday regarding the recent devaluation of the Zimbabwe Gold currency (ZiG) despite soaring ...Published: 18 Oct 2024 at 08:47hrs | 257 | by Staff reporter
7 countries at risk of bankruptcy
About seven developing countries are currently in danger of facing bankruptcy or in need of a bailout due to piling debt which is slowly gearing towards a default level.Countries can file for ...Published: 09 Oct 2024 at 07:16hrs | 655 | by Staff reporter
Bulawayo water shedding increased
The City of Bulawayo has announced an increase in its water-shedding schedule from 120 hours to 132 hours as the city's water situation continues to deteriorate. This decision follows the recent decom...Published: 06 Oct 2024 at 10:04hrs | 202 | by Staff reporter
'ZiG defence plan doomed'
The introduction of Zimbabwe's gold-backed currency, Zimbabwe Gold (ZiG), has faced a series of severe setbacks, pushing the economy deeper into turmoil, according to a new report by the Confederation...Published: 05 Oct 2024 at 16:35hrs | 2670 | by Staff reporter
Mnangagwa, Chiwenga rift exposed
Public Service Minister July Moyo has revealed growing tensions between President Emmerson Mnangagwa and his deputy, Constantino Chiwenga, following the latter's conspicuous absence from a significant...Published: 05 Oct 2024 at 11:45hrs | 3890 | by Staff reporter
Mnangagwa, Chiwenga fight intensifies
The internal strife within Zimbabwe's ruling party, Zanu-PF, has escalated dramatically, with various factions vying for control as they seek to consolidate power or displace incumbent leaders before ...Published: 04 Oct 2024 at 08:51hrs | 5345 | by Staff reporter
Mnangagwa warns forex dealers
In a bold move to stabilize the beleaguered Zimbabwe Gold (ZWG) currency, President Emmerson Mnangagwa announced on Wednesday that 50% of mining royalties will be allocated to bolster the currency's r...Published: 03 Oct 2024 at 08:58hrs | 1081 | by Staff reporter
Mnangagwa's SONA headache
President Emmerson Mnangagwa is set to deliver his State of the Nation Address (SONA) today, facing mounting public discontent over a deepening currency crisis, soaring living costs, widespread hunger...Published: 02 Oct 2024 at 07:53hrs | 930 | by Staff reporter
Zimbabwe's government: The biggest threat to its own currency
The Reserve Bank of Zimbabwe's (RBZ) recent decision to devalue the Zimbabwean Gold (ZiG) by 50% has left the nation reeling. Overnight, the currency's value plummeted from 14 to 23.4 against ...Published: 29 Sep 2024 at 15:25hrs | 3366 | by Tendai Ruben Mbofana
Zimbabweans outraged after RBZ devalues ZiG
A storm of outrage has swept across Zimbabwe following the Reserve Bank of Zimbabwe's (RBZ) shocking decision to devalue the Zimbabwe Gold (ZiG) currency by 75%. The drastic measure has ignited a wave...Published: 28 Sep 2024 at 13:27hrs | 6778 | by Staff reporter
Zimbabwe's gold backed currency ZiG plummets by over 75%
The Reserve Bank of Zimbabwe (RBZ) today allowed the Zimbabwe Gold (ZiG) currency to fall by over 74% against the US dollar, following weeks of mounting pressure on the currency introduced in April. A...Published: 27 Sep 2024 at 13:56hrs | 960 | by Staff reporter
Steve Hanke celebrates the demise of Zimbabwe's ZiG
US-based economist and currency expert Steve Hanke has issued a stark warning about Zimbabwe's economic situation, claiming that the country's inflation rate has reached a staggering 880% per year, de...Published: 27 Sep 2024 at 08:28hrs | 21524 | by Staff reporter
Currency crisis piles more misery on fragile Zimbabwe economy
Leading economists have raised concerns over the potential economic impact of the recent waves of price hikes and currency volatility, which threaten to further destabilize an already fragile economy....Published: 20 Sep 2024 at 13:12hrs | 3498 | by Staff reporter
Drying Zambezi river threatens Zimbabwe and Zambia's energy future
The once-mighty Zambezi River, a lifeline for Zimbabwe and Zambia, has been reduced to a bed of sand and small puddles, signaling a severe crisis for the two nations that heavily rely on Lake Kariba f...Published: 17 Sep 2024 at 14:37hrs | 1730 | by Staff reporter
Dexter Nduna did not graduate from UZ, but attended ceremony in gown
Former Zanu-PF Chegutu West MP, Dexter Nduna, did not graduate with a law degree from the University of Zimbabwe (UZ) on Friday, despite his claims. Nduna, who currently serves as the chair fo...Published: 16 Sep 2024 at 14:39hrs | 1994 | by Staff reporter
SA Rand ignores Pravin Gordhan death
The South African rand has shown steady performance in the wake of the passing of former Finance Minister Pravin Gordhan, a key figure in the country's economic landscape. Gordhan, who served multiple...Published: 13 Sep 2024 at 16:21hrs | 1280 | by Staff reporter
ZiG exchange premium skyrockets
Leading research firms have raised alarm this week over the ballooning exchange premium for the Zimbabwe Gold (ZiG) currency, with parallels being drawn to the collapse of the Zimbabwe dollar. The rap...Published: 13 Sep 2024 at 16:03hrs | 7515 | by Staff reporter
Prices soar as new Zimbabwean currency struggles
The launch of Zimbabwe's new currency, the Zimbabwe Gold (ZWG), has been marked by significant challenges, including a sharp rise in basic commodity prices. Since its introduction on April 5 at an exc...Published: 11 Sep 2024 at 09:03hrs | 1042 | by Staff reporter
Shops dump ZiG official rate for two-tier pricing system
Just like other Zimbabwean currencies introduced since the year 2000, the Zimbabwe Gold (ZiG) currency is already showing signs of instability barely half a year after its introduction, with many shop...Published: 08 Sep 2024 at 13:51hrs | 9582 | by Staff reporter
Is Zimbabwe headed for another coup?
This season we are living in, it's not a time for a hairdo. People are perching on the edge of the cliff. There is a loud whisper drifting around, almost like a wish among many. These chaps wi...Published: 01 Sep 2024 at 10:25hrs | 2479 | by Tawanda Majoni
Hichilema: Absolute power corrupts absolutely
I could not believe what I was hearing. I tried to reassure myself that I was only dreaming. For the third time, I played the video and listened gravely. Again, the words fell like stones into the roo...Published: 15 Aug 2024 at 11:38hrs | 1025 | by Dr. Field Ruwe
Boost for ZSE as govt suspends tax on stocks
Government has implemented significant tax reductions and suspensions aimed at revitalizing trading activity on the Zimbabwe Stock Exchange (ZSE). The 40% capital gains tax (CGT) on stocks sol...Published: 02 Jul 2024 at 06:36hrs | 4 | by Staff reporter
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?
Does Mnangagwa intend stabilizing the economy by creating a phantom currency?Ever since the Zimbabwe government announced a new currency on 5th April 2024, they have never ceased bragging over...Published: 26 Jun 2024 at 20:56hrs | 3 | by Tendai Ruben Mbofana
Brisk firewood business as cold spell bites Bulawayo
In Bulawayo, firewood vendors and sports bar owners experienced increased business activity due to the coldest day of winter so far. Vendors in the western suburbs set up braziers early in the morning...Published: 09 Jun 2024 at 09:07hrs | | by Staff reporter
US economist mocks Zimbabwe's new currency
United States economist Steve Hanke has derided Zimbabwe's latest currency introduction, the ZiG, asserting that the country's monetary policies resemble a merry-go-round. The ZiG, purportedly backed ...Published: 11 Apr 2024 at 08:50hrs | | by Staff reporter
Mnangagwa to commission Kamativi Mine
As Zimbabwe showcases strength in lithium reserves, the largest in Africa, attention is drawn to Kamativi in Hwange District, Matebeleland North Province, where President Mnangagwa is tomorrow expecte...Published: 11 Apr 2024 at 08:38hrs | 1 | by Staff reporter
First it was Chamisa, now it's Biti, who is next?
WHEN THE KITCHEN GETS HOT, THEY UNCEREMONIOUSLY BOLT OUT: FIRST IT WAS NELSON CHAMISA, NOW IT'S TENDAI BITI, WHO IS NEXT?The recent state of the conduct of leadership ranks in the Zimbab...Published: 10 Apr 2024 at 21:17hrs | 2 | by Prof Jonathan Moyo
Introduction of ZiG Currency and its Economic Impact
On Friday the 5th of April 2024, the Zimbabwe Reserve Bank introduced a new "structured currency" called ZiG to tackle the ongoing economic crisis in the country. The new currency, Zim Gold (ZiG), wil...Published: 08 Apr 2024 at 07:02hrs | 19 | by Matthew Dube Esquire
Cattle destocking frenzy in motion
A cattle destocking frenzy is in motion with a number of abattoirs getting an overwhelming supply of cattle, resulting in some suspending slaughtering as farmers have started laying off stock in...Published: 24 Mar 2024 at 14:58hrs | 17 | by Staff reporter
UK ranked second-most miserable country in the world
The UK has been named the second-most unhappy country in the world in a survey conducted by Sapien Labs, a neuroscience foundation. According to the survey, Britons' mental health has plunged since th...Published: 10 Mar 2024 at 19:18hrs | 7 | by Staff reporter
'Zimbabwe inflation rate at 747%'
ZIMBABWE'S annual inflation could be over 20 times higher than the official rate of 34,8%, an independent advisory estimated this week, as it gave glimpses into fundamentals behind deeper turbulence c...Published: 16 Feb 2024 at 15:22hrs | 2 | by Staff reporter
Lyon looking to sell Kadewere
FRENCH top-flight league side Olympique Lyon have reportedly identified a replacement for Zimbabwean striker Tino Kadewere as they look to make room for out-of-favour Paris Saint-Germain young forward...Published: 27 Dec 2023 at 20:03hrs | 25 | by Staff reporter
Innovative Ventures: Investing in Startups and High-Yield Bonds
High-risk investments often bear a striking resemblance to the world of casinos—a realm filled with the allure of great rewards and the ever-present risk of substantial losses. In this article, we'l...Published: 27 Nov 2023 at 12:32hrs | 17 | by Staff Reporter
Hwange 7 back on grid
Hwange Thermal Power Station's Unit 7 will start feeding power into the national grid on Wednesday following completion of routine maintenance work on it.This will boost the country's power ge...Published: 26 Nov 2023 at 08:23hrs | 9 | by Staff reporter
Zimbabwe central bank must consider introducing a ZW$500 000 note
This week, a prominent price monitoring thinktank emphasized the need for the Reserve Bank of Zimbabwe (RBZ) to contemplate the introduction of a ZW$500,000 note as the Zimbabwean currency continues t...Published: 22 Oct 2023 at 14:06hrs | 1 | by Staff reporter
Zimbabweans rejects Mbuya Nehanda note as inflation soars
Vendors and some retailers in Harare are now refusing to accept the ZW$50 banknote introduced in 2021 by Reserve Bank of Zimbabwe (RBZ) Governor John Mangudya. This refusal is unsurprising as the note...Published: 05 Oct 2023 at 19:50hrs | 2 | by Staff reporter
Redi Thlabi: the black woman weaponized against South Africa
South Africa is under attack by Western countries led by the US due to its BRICS membership and non-aligned geopolitical policy. This isn't surprising, given the West's frustration with the country's ...Published: 30 Sep 2023 at 12:46hrs | 3 | by Larmbert Ebitu
Coltart blames Zimdollar for Bulawayo collapse
Bulawayo Mayo David Coltart has blamed the City's challenges on the continued use of th zimbabwean Dollar in the country. Posting on Twitter, Coltart said:...Published: 28 Sep 2023 at 10:48hrs | 1 | by Mandla Ndlovu
Zimbabwe targeting Zimdollar return in 5 years
Zimbabwe will continue to put in place measures to entrench the use of the domestic currency because having its own currency forms the basis for sustainable economic growth and development, President ...Published: 06 Sep 2023 at 19:09hrs | 1 | by Staff reporter
Hundreds of white farmers return to Zimbabwe in boost for agriculture
Family after family fled along this dirt road towards Harare as they were evicted from their farms by Zimbabwean war veterans.The road through the country's prime, red-soiled land was a front ...Published: 06 Sep 2023 at 06:39hrs | | by Ben Farmer
Zimbabwean women are reduced to cheerleaders in the upcoming election, activists say
In a large hall at the headquarters of Zimbabwe's ruling ZANU-PF party, women responded with roaring cheers when President Emmerson Mnangagwa described them as the party's "backbone" whose votes are v...Published: 24 Jul 2023 at 06:42hrs | | by Staff reporter
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