Search / Price control
IMF wants Zimbabwe's gold-backed ZiG to become sole currency
The International Monetary Fund (IMF) has expressed support for the full adoption of Zimbabwe's new currency, the Zimbabwe Gold (ZiG), as the country pushes to secure a staff-monitored program (SMP) t...Published: 11 Jun 2025 at 09:05hrs | 1156 | by Staff reporter
Germany solution - A Path to Zimbabwe's Economic Revival
Zimbabwe's government is currently grappling with significant economic challenges, including destroyed infrastructure, reduced food production, high unemployment rates, and shortages of basic goods. T...Published: 13 Mar 2024 at 10:26hrs | 8 | by Engineer Jacob Kudzayi Mutisi
Prices go 'haywire' during Zimbabwe festive season
A FRESH wave of price increases on basic goods and services has dampened the festive mood, stealing the cheer away from the majority of the country's citizens already struggling to make ends meet....Published: 15 Dec 2023 at 07:30hrs | 1 | by Staff reporter
Mnangagwa law blamed for high US$ pricing
Industry and Commerce Minister, Sithembiso Nyoni, attributed the current high pricing in US dollars to Statutory Instrument (SI) 118A of 2022.SI 118A, enacted under the Presidential Powers (Te...Published: 25 Oct 2023 at 06:51hrs | 5 | by Staff reporter
Zimbabwe agrees to sell maize to Rwanda, opens talks with neighbours for wheat exports
Zimbabwe is to export 10,000 tonnes of maize to Rwanda and is in talks to export part of its wheat stocks to neighbours, Cabinet says.The government says the Grain Marketing Board is currently...Published: 18 Jul 2023 at 17:40hrs | 14 | by Staff reporter
Zimbabwe consumers in a fix
As Zimbabweans continue to battle with a failing economy, increases in prices of basic commodities has pushed many into abject poverty.A recent survey conducted by Standardbusiness indic...Published: 18 Jun 2023 at 08:40hrs | | by Staff reporter
Mthuli Ncube out of touch with reality
The Finance Minister Muthuli Ncube has forgetten what he was really appointed for and needs somemone to spell out his duties.The Finance Minister is now behaving more like a politician than a ...Published: 30 May 2023 at 09:36hrs | 2 | by Leonard Koni
Biti challenges Mthuli Ncube to explain SI 127, blended inflation
HARARE East legislator Tendai Biti (CCC) has challenged Finance minister Mthuli Ncube to explain before Parliament how Statutory Instrument 127 and blended inflation work.SI 127 of 2021 amends...Published: 23 May 2023 at 06:42hrs | 1 | by Staff reporter
Did the emergence of a strong opposition extinguish the revolutionary spirit in Zimbabweans?
To me, those where the good old days - when Zimbabweans were a people of valor, who did not brook any nonsense from their government and never wasted any time in courageously standing up for themselve...Published: 02 Feb 2023 at 19:27hrs | 3 | by Tendai Ruben Mbofana
Zimbabwe 5 years after Robert Mugabe - so, what has changed?
A climate of fear still lingers in Zimbabwe, five years after long-time ruler Robert Mugabe was deposed. As the country marks this milestone, few people are willing to speak openly about whether the g...Published: 22 Nov 2022 at 17:18hrs | 1 | by Staff reporter
Price controls backfires in Zimbabwe
MANUFACTURERS and retailers have reportedly deliberately stopped supplying basic commodities such as mealie-meal, cooking oil and sugar, resulting in shortages as government's pricing regulations begi...Published: 05 Jul 2022 at 07:05hrs | | by Staff reporter
CCC dismisses new Zimbabwe economy measures; says Chamisa-led govt only solution
Minister Mthuli Ncube (on Monday) announced measures that are meant to curb hyperinflation and stabilize (prices) as well as address the remuneration crisis in the civil service. The Reserve Bank also...Published: 28 Jun 2022 at 07:29hrs | 1 | by Fadzayi Mahere
Zimbabwe bans US$ sales discounts
FINANCE Minister, Mthuli Ncube on Monday traversed a tight passage as he balanced between the country's pressing economic needs and the tide of rising inflation prompted by external factors and low co...Published: 27 Jun 2022 at 19:06hrs | 7 | by Staff reporter
Zimbabwe's central bank moves to control price of bread
Zimbabwe's central bank said Monday that the price of bread will go down after it held talks with an association of bakers.Governor John Mangudya said bakers had complained over lack of access...Published: 20 Jun 2022 at 18:56hrs | 4 | by Staff reporter
Zimdollar challenge thrown out
The challenge by a Harare lawyer to invalidate civil penalties imposed on businesses or individuals refusing to accept local currency suffered a stillbirth after the High Court threw out the applicati...Published: 24 Jan 2022 at 05:24hrs | 2 | by Staff reporter
Court throws out challenge to exchange control ammendments
THE High Court has dismissed an application by human rights lawyer Obert Shava, challenging the constitutionality of Statutory Instrument (SI) 127 of 2021 which imposes civil penalties on those found ...Published: 20 Jan 2022 at 05:40hrs | 3 | by Staff reporter
Factoring 'animal spirits' into Zimbabwe's economic discourse
John Maynard Keynes is considered by many to be the most consequential economist of the past century. Perhaps one of his boldest contributions to economics was postulating, perhaps correctly, that the...Published: 18 Nov 2021 at 19:02hrs | 20 | by Simbarashe Bepete
Shops continue using 'illegal' rates
WARNINGS by the Reserve Bank of Zimbabwe's (RBZ) Financial Intelligence Unit and the recent arrest of directors of some top companies over foreign currency manipulation seem to have fallen on deaf ear...Published: 21 Oct 2021 at 06:17hrs | 1 | by Staff reporter
China sees third force in huge outcry over its Zimbabwe activities
Zimbabweans must learn from the pastIT has been clear since radical currency reforms were effected in February 2019 that inflation, along with the parallel market exchange rate would derail prospe...Published: 08 Oct 2021 at 19:01hrs | 10 | by Staff reporter
Import Substitution: A case for soya beans
For the past 10 years, Zimbabwe has produced an average of 56 000 metric tonnes (mt) of soya beans per year against national demand of 240 000 mt for food, animal feed and industrial consumption. In t...Published: 01 Sep 2021 at 15:26hrs | 35 | by Victor Bhoroma
Has the Zimbabwe dollar really stabilised against the US unit?
There is a strong debate among economic analysts pertaining to whether the Zimbabwean dollar (ZW$) has stabilised against the American dollar (US$) or not. There is a section which believes that the l...Published: 18 Jun 2021 at 13:00hrs | 3 | by Respect Gwenzi
MDC linked think-tank raps Mthuli Ncube over use of SIs to set policy
LEGAL think-tank Veritas has accused Finance minister Mthuli Ncube of enacting laws through statutory instruments, which it says was a ploy by the minister to avoid parliamentary scrutiny.In i...Published: 07 Jun 2021 at 06:08hrs | | by Staff reporter
Zimbabwe forex rules 'a tragedy of good intentions'
LAST week's promulgation of Statutory Instrument 127 of 2021, which penalises issuance of local currency receipt for foreign currency purchases and pricing goods above the official auction rate, among...Published: 06 Jun 2021 at 09:59hrs | 13 | by Staff reporter
No need to compare Tendai Biti and Prof Mthuli Ncube
Following the recently introduced Statutory Instrument number 127 of 2021, where government has instructed the business community to use the Reserve Bank of Zimbabwe (RBZ) auction floor exchange rate,...Published: 03 Jun 2021 at 20:13hrs | 1 | by Mukachana Hanyani
Lawyer challenges SI127/2021 constitutionality
LAWYER Obey Shava yesterday filed a High Court application challenging the constitutionality of Statutory Instrument 127 of 2021 gazetted by government last week.SI127of2021 is seen as an atte...Published: 03 Jun 2021 at 07:07hrs | 14 | by Staff reporter
'New forex rules a time bomb'
NEW foreign currency measures imposed by government last week are a time bomb that could lead to price increases, lower economic activity and herald a return to the hyperinflation era of yesteryear....Published: 31 May 2021 at 06:45hrs | 1 | by Staff reporter
Khaya Moyo says 'old politics' is dead
THE ruling Zanu-PF is no longer practising "old politics" and is pushing committedly for unity and tolerance among all Zimbabweans, party spokesperson Simon Khaya Moyo has said.Speaking to the...Published: 17 Apr 2021 at 07:18hrs | | by Staff reporter
Opposition worried about recurrence of Mugabe era barbarities
THE imminent return of the national youth service training programme has triggered jitters among many in the opposition who have bad memories of the project's cadets.The programme's recruits w...Published: 15 Apr 2021 at 20:00hrs | | by Staff reporter
Zimbabwe opposition's squandered opportunities
The political opposition in Zimbabwe, particularly the MDC, is stuck in the middle: between making news headlines and making reform headways.This is not new.Being stuck between making ...Published: 13 Dec 2020 at 08:18hrs | | by Jonathan Moyo
News headlines over reform headways
Since Zimbabwe's independence in 1980, the concept of "reform" or "change" of institutions, political culture and the constitution to "widen and deepen individual, political, economic, social, cultura...Published: 06 Dec 2020 at 08:30hrs | 1 | by Ibbo Mandaza
Mnangagwa warns wholesalers, retailers
PRESIDENT Mnangagwa has counselled businesses in the wholesale and retail sector to desist from unjust profiteering ahead of the festive season.The Head of State and Government made these rema...Published: 06 Dec 2020 at 07:42hrs | | by Staff reporter
Govt has failed to resolve strike by teachers, and all civil servants
The major reason why the Zimbabwe government is failing is in whole part for its reason to resist the tide. For a start, the government has over the decades tried and failed dismally to control th...Published: 18 Nov 2020 at 12:29hrs | 5 | by Zanda Shumba
Mnangagwa urged to put price control measures: ZIMTA
Civil servants have pleaded with Government to set a control framework that safeguards the value of salaries following the latest adjustments.Government has tabled a 76 percent salary adjustme...Published: 25 Aug 2019 at 18:48hrs | 6 | by Staff reporter
Mnangagwa's SONA was empty promises and murderous defence of status quo – antithesis of what nation dying for
"Mnangagwa ndiChomugore!" (Mnangagwa is Chomugore!) was my instinctive response to President Mnangagwa's State Of Nation Address (SONA) yesterday.Chomugore was a mean old man who would ask you...Published: 11 Aug 2019 at 16:21hrs | | by Wilbert Mukori
Zimbabwe economy needs free-market policies to grow
The introduction of the foreign exchange interbank market by the Reserve Bank of Zimbabwe (RBZ) in February 2019 was a major milestone towards free market economics. Even though there are fears of gov...Published: 28 Jul 2019 at 17:59hrs | | by Victor Bhoroma
Lessons from Singapore on economic development
Singapore is a tiny island-city state in Southeast Asia with a total area of 718km2 (543 times smaller than Zimbabwe) and part of the four Asian Tigers (Others include Hong Kong, Taiwan and South Kore...Published: 15 Jul 2019 at 09:56hrs | 2 | by Victor Bhoroma
WATCH: 'Mnangagwa issues Gukurahundi-like threat to businesses'
A video of President Emmerson Mnangagwa threatening to beat up businesspeople with a sjambok if they continue increasing prices of commodities.Addressing a gathering President Mnangagwa urged ...Published: 02 Jul 2019 at 09:28hrs | | by Mandla Ndlovu
Recession, Zim Dollar return and Economic Outlook
As the country enters the last half of the year and warms up to the re-introduction of the Zimbabwean Dollar, it is now evident that the economy is swiftly sliding into a recession. In 2018, the econo...Published: 01 Jul 2019 at 12:20hrs | 1 | by Victor Bhoroma
De-dollarisation fraught with risk
LATIN American countries such as Bolivia and Peru - like Zimbabwe did this week - once embarked on de-dollarisation without macro-economic stability and other necessary conditions, with the process en...Published: 30 Jun 2019 at 09:06hrs | | by Staff reporter
Introduction of Zimdollar a disaster
A major economic highlight of the week was the confirmation by the President Emmerson Mnangagwa that Zimbabwe will re-introduce a local currency before year-end. It is our view that our country is not...Published: 21 Jun 2019 at 07:48hrs | | by Dr Chitambara
Mnangagwa, Mthuli Ncube must 'unscramble the egg and go back to the basics'
I THOUGHT we had seen everything that this country of ours could throw at us, but the situation right now looks like nothing we have seen before.Prices have quadrupled and continue to rise ine...Published: 21 Jun 2019 at 07:26hrs | 1 | by Eddie Cross
Price Controls won't work - Ziyambi
Justice Minister Ziyambi Ziyambi has said the government would not revert to the old system of price controls to arrest sky rocketing prices in the country as the exercise is not useful. Zimba...Published: 20 Jun 2019 at 20:34hrs | | by Staff Reporter
Mnangagwa offers civil servants another salary hike
JUSTICE minister Ziyambi Ziyambi yesterday assured Parliament that government is hoping to further increase civil servants' salaries to cushion them from the rising cost of living.Responding t...Published: 20 Jun 2019 at 08:06hrs | | by Staff reporter
Eddie Cross turns against Mnangagwa
I thought we had seen everything that this country of ours could throw at us, but the situation right now looks like nothing we have seen before. Prices have quadrupled and continue to rise inexorably...Published: 19 Jun 2019 at 11:39hrs | | by Eddie Cross
Mnangagwa says, 'no going back on currency'
THE public will soon access cheaper basic commodities at Grain Marketing Board (GMB) depots throughout the country as the Government moves to mitigate the wanton price increases by unscrupulous busine...Published: 16 Jun 2019 at 09:37hrs | 1 | by Staff reporter
Zimbabwe left with 30 days' wheat supply
THE country is only left with one month's supply of wheat as another consignment remains holed up at Beira Port in neighbouring Mozambique awaiting payment before it can be released, the Grain Millers...Published: 15 Jun 2019 at 09:00hrs | | by Staff reporter
'My main focus is to make urbanites understand Zanu-PF'
The ruling party Zanu-PF on Tuesday appointed Zimbabwe National Liberation War Veterans' Association (ZNLWVA) secretary-general Victor Matemadanda as secretary for the Commissariat. He replaced Engelb...Published: 15 Jun 2019 at 08:51hrs | 2 | by Staff reporter
Mnangagwa makes radio cameo
The Herald Herald Reporters President Mnangagwa yesterday made good of his billing as a "listening President" when he fielded a wide range of questions from Zimbabweans on his maiden live radio progra...Published: 15 Jun 2019 at 08:49hrs | 1 | by Staff reporter
Extraordinary measure for extraordinary: A case of Zimbabwe's austerity measures
In the Bible when Jacob was faced with a situation he was supposed to meet Esau his brother he was so afraid knowing that he had subtly stolen the latter's blessing. During the night, Jacob wrestled a...Published: 12 Jun 2019 at 15:34hrs | 14 | by Elijah Chihota
Give Mthuli a chance!
The story is told that Moses undertook the dangerous assignment to relocate the children of Israel to the Promised Land. The Red Sea, that vast water body, presented an intractable obstacle. T...Published: 08 Jun 2019 at 07:50hrs | 2 | by Staff reporter
Load More Stories
