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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 | 1254 | by Prof. Sipho Seepe
'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 | 12940 | 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 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
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
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
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
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
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
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
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
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
'Mnangagwa must witness the decay first hand'
A DRUMBEAT of anger tore through Karoi this week, after the ruling Zanu-PF aborted a crucial rally slated for the town tomorrow, with residents saying this could have given President Emmerson Mnangagw...Published: 08 Jul 2023 at 10:05hrs | 10 | by Staff reporter
Mnangagwa's govt told to introduce higher denomination banknotes
GOVERNMENT has been urged to issue banknotes with higher denominations to make it easier for people to transact.Currently, the $100 note is the highest banknote in the country, but it has been...Published: 16 Jun 2023 at 07:58hrs | | by Staff reporter
Mthuli Ncube scrambles to rescue Zimdollar
FINANCE minister Mthuli Ncube has removed duty on all basic commodities to combat the rampant price increases in a slew of desperate measures to save the collapsing Zimbabwe dollar.Over the pa...Published: 12 May 2023 at 06:06hrs | | by Staff reporter
13 distressed Zimbabwe firms rescued
Testifying to its commitment to tangible deliverables aimed at transforming the livelihoods of the people, the Second Republic, under the stewardship of President Mnangagwa, has resuscitated 13 previo...Published: 11 May 2023 at 05:30hrs | 1 | by Staff reporter
Chiwenga meets State entities
Fostering rapid economic growth towards the attainment of an empowered upper middle-income economy by 2030, demands that everyone including State entities, play their part, Vice President Constantino ...Published: 14 Apr 2023 at 07:31hrs | 1 | by Staff reporter
PSMI faces collapse
EMBATTLED Premier Services Medical Investments (PSMI) shut down 120 of its 155 facilities last month as the entity battled to settle a four-month salary arrears bill in a turbulent period that culmina...Published: 04 Nov 2022 at 05:38hrs | 8 | by Staff reporter
Zimbabwe's capital markets collapse
DELTA Corporation CEO Matlhogonolo Valela has given graphic details about the frustrations that local firms have been enduring in accessing capital due to the country's difficult business environment....Published: 11 Sep 2022 at 15:21hrs | 1 | by Staff reporter
Where is Generation Z age group born 2000-2004? The missing '1.5 million voters'
More than 1.5 million people turn18 since the last general election, and these youngest eligible Generation Z (Gen Z), Gen Zers or Zoomers form a diverse, active, and potentially decisive voting bloc ...Published: 02 Sep 2022 at 06:48hrs | 5 | by Farai Chirimumimba
Zimdollar depreciation on parallel and RBZ markets eases
THE depreciation of the Zimbabwean dollar has begun to ease on both the parallel and official market following months of a sustained downward spiral which saw the local currency losing more than half ...Published: 18 Aug 2022 at 06:48hrs | 8 | by Staff reporter
Mnangagwa's regime unmitigated failures, and yes, Smith was far much better!
I do not even understand what the whole debate is all about, because there are some matters that are undeniable and can not be contested!For starters, we never had to fetch our water for domes...Published: 14 Jun 2022 at 07:09hrs | 9 | by Tendai Ruben Mbofana
Why Zimbabwe's de-dollarization route flopped
The Zimbabwean government has announced measures to promote the wider use of the domestic currency (The Zimbabwean Dollar) in a last-ditch effort to save it from the re-dollarization onslaught. Part o...Published: 08 Jun 2022 at 07:08hrs | 14 | by Victor Bhoroma
'Zimdollar dead by next month'
TWO of Zimbabwe's most respected economics professors have warned government to bite the bullet and redollarise because the Zimdollar "would be dead soon".Professors Gift Mugano and Anthony Ha...Published: 27 May 2022 at 06:47hrs | | by Staff reporter
Foreign banks troop to Zimbabwe forex auction
UNITED States-based multinational investment outfit JP Morgan was among global lenders that repatriated a combined US$30 million through the Reserve Bank of Zimbabwe (RBZ)'s forex auction system by th...Published: 13 May 2022 at 19:10hrs | | by Staff reporter
Massive 50% drop in 'O' Level candidates
THE number of candidates sitting for Ordinary Level examinations has plummeted by 50% in five years, prompting teachers unions to raise alarm.The number of candidates sitting for the Zimbabwe ...Published: 05 May 2022 at 19:07hrs | 8 | by Staff reporter
What's to celebrate; that independence replaced white oppressors with black ones?
On 18 April 2022 Zimbabweans should have been celebrating the country's 42 years of independence. For the overwhelming majority, there was really no cause to celebrate, and many did not bother. The pe...Published: 19 Apr 2022 at 22:37hrs | | by Patrick Guramatunhu
Reports of Zanu-PF defeat in 2023 polls are tad premature
SEVERAL Zimbabwe commentators have interpreted recent by-elections as raising the possibility that Zanu-PF's 42-year-long grip on power is loosening and, come the 2023 general elections, opposition le...Published: 16 Apr 2022 at 08:34hrs | 10 | by Derek Matyszak
Mnangagwa presides over corrupt government
REVELATIONS by Auditor-General Mildred Chiri that Treasury made foreign direct payments on behalf of 16 government ministries amounting to more than US$300 million without the required parliamentary a...Published: 08 Apr 2022 at 19:30hrs | 9 | by Staff reporter
RBZ to double down in inflation fight
Reserve Bank of Zimbabwe (RBZ) will deploy various monetary tools at its disposal to stem out rampant "market indiscipline" that it believes is driving price increases.Market indiscipline, the...Published: 03 Apr 2022 at 08:20hrs | | by Staff reporter
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