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Radical Economic Structural Transformation (part 6 of 10)
"The sacrosanct cornerstone and golden thread upon which any successful productive economy can be built is the legal protection of private property ownership."We all know that Zimbabwe's agric...Published: 18 hrs ago | 1099 | by Vince Musewe
Mthuli Ncube misses revenue collection target
FINANCE Minister Mthuli Ncube missed April's revenue collection targets by 11 % owing to the impact Covid-19 lockdown had on businesses that were grounded to a halt as part of measures to minimise the...Published: 20 hrs ago | 842 | by newzimbabwe
'Mthuli Ncube's policies a security threat'
FINANCE Minister Mthuli Ncube was Thursday told in Senate the newly introduced foreign currency exchange auction trading system was a security threat as it had added burden to long suffering Zimbabwea...Published: 20 hrs ago | 797 | by newzimbabwe
BCC to bill in forex
Bulawayo City Council (BCC) is considering billing residents in foreign currency and has re-adopted selling of residential stands in US dollars. The local authority, in the latest council repo...Published: 02 Jul 2020 at 18:35hrs | 1553 | by Staff reporter
Govt, workers face off over US$ salaries
ZIMBABWE'S public sector unions yesterday demanded that government pays their wages in United States dollars and threatened to go on strike, adding to the problems facing President Emmerson Mnangagwa'...Published: 02 Jul 2020 at 18:27hrs | 1031 | by Staff reporter
WATCH: MDC mobilises mass resistance against ZANU PF
The opposition MDC has announced that it is mobilising the grassroots to take action to defend their livelihoods that: "have been stolen by the corruption and bad governance of Zanu PF. We repeat - po...Published: 02 Jul 2020 at 14:28hrs | 8108 | by Mandla Ndlovu
RBZ invites all forex holders to use new auction systems
The Reserve Bank of Zimbabwe (RBZ)'s monetary policy committee (MPC) has implored all holders of foreign currency to sell their money through the apex bank's auction market at their preferred prices, ...Published: 01 Jul 2020 at 17:55hrs | 1664 | by Staff reporter
Zimbabwe's political climate remains tense
WITH Zimbabwe's political situation remaining tense, the government is planning to introduce a new law which criminalises the spreading of falsehoods against key State institutions such as the militar...Published: 01 Jul 2020 at 17:54hrs | 1341 | by Staff reporter
NGO director imprisoned over anti Mnangagwa slur as Haruzivishe, Masaraure are freed on bail
A ZIMBABWEAN court on Tuesday condemned Epraim Mutombeni, the Director of Masvingo Centre for Research Advocacy and Community Development (MACRD), a local non-governmental organisation, to prison afte...Published: 01 Jul 2020 at 09:39hrs | 2961 | by Stephen Jakes
Zimbabwe security chefs fingered in mobile money suspension
Zimbabwe's security force leaders sidelined the nation's economic chiefs and forced the government to close the stock exchange and halt most mobile-money transactions, people familiar with the situati...Published: 30 Jun 2020 at 22:44hrs | 5809 | by Staff reporter
Zimbabwe army's morale at rock bottom
DEFENCE minister Oppah Muchinguri sensationally told Parliament yesterday that morale among members of the Zimbabwe National Army had hit rock bot-tom as a result of the failing economy and that many ...Published: 30 Jun 2020 at 08:23hrs | 12116 | by Staff reporter
FAO doubts Zimbabwe's cereal import capacity
ZIMBABWE'S cereal import requirements for the 2020/21 year are estimated at about 1,1 million tonnes amid concern over the country's capacity to access offshore supplies at a time it is battling worse...Published: 30 Jun 2020 at 08:15hrs | 279 | by Staff reporter
Electricity tariff increase looms
The Zimbabwe Energy Regulatory Authority (ZERA) is assessing an application for an electricity tariff increase that was recently lodged by the Zimbabwe Electricity Transmission and Distribution Compan...Published: 30 Jun 2020 at 07:52hrs | 1055 | by Staff reporter
Nguwaya bail ruling postponed
DELISH Nguwaya, who is challenging the magistrates' court decision to deny him bail, will know his fate tomorrow when the High Court is expected to deliver its ruling on his application for bail pendi...Published: 30 Jun 2020 at 07:52hrs | 228 | by Staff reporter
Plot to destabilise Zimbabwe economy exposed?
AS Government intensifies efforts to close channels that are fuelling the black market and other illicit financial activities, it has emerged that some foreign nations and individuals have been trying...Published: 30 Jun 2020 at 07:52hrs | 1976 | by Staff reporter
Mnangagwa told to engage rivals
RETURNING Zanu-PF liberation stalwart, Rugare Gumbo, pictured, has implored President Emmerson Mnangagwa to join hands with the opposition and other social formations to end the country's deepening po...Published: 29 Jun 2020 at 18:50hrs | 3472 | by Staff reporter
Zimdollar continues to tumble
A forex dealer brandishes wads of $2 and $5 notes in Harare. The Zimdollar has continued losing value against stronger currencies like the rand and the United States dollar.THE Zimbabwe dollar...Published: 29 Jun 2020 at 07:46hrs | 4230 | by Staff reporter
'Mobile money suspension will bury Zimbabwean economy'
THERE is a debilitating mixture of chaos, confusion and panic among both consumers and businesses across the country, after the government made a surprise announcement late on Friday evening that it w...Published: 28 Jun 2020 at 17:41hrs | 1934 | by Staff reporter
Zimbabwe on the edge again?
A Zimbabwean shopper in a Harare supermarket shook his head, grumbling as he returned a loaf of bread to a rack after finding the price had jumped by a third and he could no longer afford it.N...Published: 28 Jun 2020 at 10:17hrs | 3250 | by AFP
Zimbabwe needs a fresh start and a people's government!
MDC Alliance leader Nelson Chamisa has said Zimbabwe needs a fresh start and a people's government after the Zanu PF government has successively failed to ruin the country for 40 years now."Zi...Published: 28 Jun 2020 at 10:03hrs | 1742 | by Stephen Jakes
Corruption stifles economic growth
United States Agency for international development (USAid) country director, Stephanie Funk (SF), says failed economic policies and corruption, and not Western sanctions, are hindering Zimbabwe's econ...Published: 28 Jun 2020 at 08:13hrs | 272 | by Staff reporter
Zimbabwe economy run by master criminals fleecing the poor
Ordinary Zimbabweans have suffered for years as a result of currency manipulation and corruption by the elites who have siphoned US dollars away into their overseas bank accounts. Now, a recent ruling...Published: 28 Jun 2020 at 08:11hrs | 1447 | by Thandekile Moyo
Money changers and the secret of their wisdom
THE foreign currency auction announced by the Reserve Bank of Zimbabwe recently appears to have started on a high note, but there is a nagging fear that those favourable comments by observers may have...Published: 28 Jun 2020 at 08:08hrs | 5611 | by Jonathan Maphenduka
Pensioners send SOS to Govt
THE National Railways Pensioners Association has appealed to the Government to extend the US$30 allowances to retired workers that were not in civil service, saying pensioners were struggling to make ...Published: 28 Jun 2020 at 07:22hrs | 292 | by Staff reporter
Bread does not grow in supermarkets
IF there is an immutable truism that has stubbornly stood the test of time, it is the fact that common sense is not at all common.It is fair to say while common sense is rare, nonsense is ubiq...Published: 28 Jun 2020 at 07:14hrs | 171 | by Bishop Lazarus
'US$1 billion to back Zimbabwe forex auction'
Local banks have $1 billion in foreign currency accounts (FCAs) while the country has healthy inflows to sustain the newly introduced forex auction system that replaced the interbank with effect from ...Published: 28 Jun 2020 at 07:11hrs | 748 | by Staff reporter
'Mnangagwa's govt will not print money'
THE government will not print more money to alleviate the cash shortages in the country, Deputy Finance minister Clemence Chiduwa, has said.Speaking in the National Assembly on Wednesday, Chid...Published: 27 Jun 2020 at 17:02hrs | 1487 | by Staff reporter
Zimbabwe poverty datum line more than doubles
THE poverty datum line has jumped by more than 100 percent from $3 398 in May to $8 484 in June, the country's statistical agency — the Zimbabwe National Statistics Agency (ZimStat) - revealed yeste...Published: 27 Jun 2020 at 17:00hrs | 569 | by Staff reporter
Tsenengamu vows Mnangagwa confrontation
EXPELLED Zanu-PF youth league commissar, Godfrey Tsenengamu has made startling claims the country was better governed by late former President Robert Mugabe than it is now under Emmerson Mnangagwa....Published: 27 Jun 2020 at 16:58hrs | 2419 | by newzimbabwe
Zimbabwe's former Economic Minister slams government
Zimbabwe's former Minister of Economic Planning and Investment Promotion, Dr. Tapiwa Mashakada has slammed at the country's recent foreign currency auction.On Tuesday, the government launched ...Published: 27 Jun 2020 at 10:37hrs | 4637 | by Daniel Itai, Harare, Zimbabwe
Zimbabwe's economists query China's friendship
Some of the country's economists have raised their eyebrows with regards to China's debt cancellations in Africa which were revealed earlier on this week.China's cancellation of debt towards r...Published: 27 Jun 2020 at 10:35hrs | 1532 | by Daniel Itai, Harare, Zimbabwe
Mnangagwa must focus more on domestic issues
IT is of importance for the President Emmerson Mnangagwa-led administration to focus on local policy, things it should do for the people in realistic terms.Roads, provision of reliable, clean ...Published: 27 Jun 2020 at 08:36hrs | 246 | by Roro
Mobile money services banned
THE Government has suspended phone-based money transactions with immediate effect as investigations into allegations that they fuel black market transactions that have caused runaway inflation gather ...Published: 27 Jun 2020 at 08:08hrs | 721 | by Staff reporter
Mnangagwa associate's bail ruling reserved
The High Court has reserved judgment in the case in which Delish Nguwaya is contesting the decision of the magistrates' court to deny him bail on charges of misrepresenting to Government that his comp...Published: 27 Jun 2020 at 08:05hrs | 204 | by Staff reporter
Of ugly vultures and bad wolves in good sheep's clothing
I shall begin with our own fathers and ancestors, it is both just and proper that they should have the honor of mention, for handing free to us this country, augmented by valiant valor, their blood an...Published: 27 Jun 2020 at 00:25hrs | 1538 | by Evangelist Sendekai W.T
Zimbabwe suspends phone based mobile money transactions - Fulltext
The Statement of Suspension on Monetary Transaction on Phone-Based Mobile Money TransactionsThe government of Zimbabwe has with immediate effect suspended all mobile money services and trading...Published: 26 Jun 2020 at 19:41hrs | 7637 | by Staff reporter
Zimbabwe fuel price hike raises ethanol eyebrows
ZIMBABWE'S fuel is the most expensive in the region following this week's price hike, amid grave concern over the cost component of locally-produced ethanol on the overall petrol price. Ethanol is sup...Published: 26 Jun 2020 at 07:55hrs | 2732 | by Staff reporter
Fuel prices spark public outrage
AS Zimbabwe's fuel crisis intensifies, we took time to track the number of times the Zimbabwe Energy Regulatory Authority (Zera) formally announced an increase in the price of fuel over the past 12 mo...Published: 26 Jun 2020 at 07:43hrs | 1916 | by Staff reporter
Health sector showdown looms
GOVERNMENT and striking health professionals are headed for a showdown after the Health Service Board indicated that it will not be able to pay salaries in United States dollars as demanded by the wor...Published: 26 Jun 2020 at 07:38hrs | 1567 | by Staff reporter
Shops ignore official exchange rate
RETAIL shops in Bulawayo yesterday continued trading using the parallel market exchange rate of US$1:$90, ignoring the new US$1:$57 rate announced by the central bank on Tuesday after the first day of...Published: 26 Jun 2020 at 07:33hrs | 1536 | by Staff reporter
Energy workers demand US$ salaries
ZIMBABWE Energy Workers Union (Zewu) has appealed to energy companies to peg their salaries in the more stable United States dollars following the continued fall of the Zimdollar against major currenc...Published: 26 Jun 2020 at 07:32hrs | 1140 | by Staff reporter
New exchange rate trebles customs duty
THERE has been an outcry at all ports of entry after the Zimbabwe Revenue Authority (Zimra) hiked duty of all imported goods following a hike in the exchange rate by the Reserve Bank of Zimbabwe on Tu...Published: 26 Jun 2020 at 07:32hrs | 1479 | by Staff reporter
Factionalism not peculiar to Zanu-PF
FACTIONALISM is not a phenomenon peculiar to Zanu-PF. Political parties, the world over, are plagued by "parties within a party" whose members band together to achieve particular goals and advance the...Published: 26 Jun 2020 at 07:27hrs | 132 | by Lovemore Sibanda
How RBZ, govt sabotaged plans to restore Zimdollar
UNITED States $75 allowances and allowing retailers to trade in forex show a government shifting into reverse gear, possibly ditching two years' worth of policy steps to end dollarisation.The ...Published: 26 Jun 2020 at 07:26hrs | 6346 | by Staff reporter
Zimbabwe returning to weekly fuel price increases
The Zimbabwe Energy Regulatory Authority (ZERA) on Thursday said it will revert back to reviewing prices of fuel on a weekly basis in line with movements in the exchange rate which wil...Published: 26 Jun 2020 at 06:52hrs | 393 | by Staff reporter
Zimbabwe army, Chinese deal collapses
The military is terminating its platinum mining deal with a Chinese firm to pave the way for new investors after over a decade of unfruitful engagement.The development comes after Global Plati...Published: 25 Jun 2020 at 16:37hrs | 2587 | by Staff reporter
Pessimism grips forex platform
Business wants more "transparency more than promises" on the foreign currency auction system for the platform to succeed as the parallel market continued unabated yesterday, a day after monetary autho...Published: 25 Jun 2020 at 16:36hrs | 2169 | by Staff reporter
Mnangagwa warns his corrupt aides
PRESIDENT Emmerson Mnangagwa yesterday warned key figures in his government involved in corruption that they would be dealt with mercilessly, the Daily News reports.This comes as several senio...Published: 25 Jun 2020 at 16:17hrs | 1544 | by Staff reporter
Minister Raj Modi's shop demands foreign currency...rejects Zimdollar and bond notes
The Bulawayo based Wholesale Centre Liquor Hub owned Deputy Minister of Industry and Commerce Rajeshkumar Indukant Modi is reportedly refusing to accept bond notes and local currency as a medium...Published: 25 Jun 2020 at 15:25hrs | 2370 | by Mandla Ndlovu
Sugar price rises to $1 000
...Published: 25 Jun 2020 at 12:37hrs | 14422 | by Mandla Ndlovu
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