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Biti rips into Ncube's 'disastrous' budget
FORMER Finance minister Tendai Biti has described the 2024 budget as a disaster amid concerns that the proposed raft of taxes will deepen Zimbabwe's poverty levels and worsen the economic challenges....Published: 03 Dec 2023 at 17:33hrs | 11 | by Staff reporter
Zimbabwe now needs new economic thinkers
LATEST statistics from the Zimbabwe National Statistics Agency (ZimStat) indicate that the country's year-on-year inflation is inches away from breaching the 200% mark. The agency's June figures show ...Published: 28 Jun 2022 at 07:22hrs | 9 | by Staff reporter
Currency: The long road of pain awaiting Zimbabwe
IN June 2019, the Zimbabwe dollar was officially reintroduced as the main legal tender for domestic transactions in the country amid scepticism from the general public concerning its sustainability. T...Published: 17 Mar 2022 at 05:49hrs | | by Staff reporter
Zimdollar's second death seen as only a matter of time
When Zimbabwean businessman Nigel Chanakira asked 100 chief executive officers at a seminar in Harare on January 27 if they were willing to use the local currency, only one raised his hand.Tha...Published: 31 Jan 2022 at 16:18hrs | | by Staff reporter
'Zimbabwe sliding back to 2008 crisis'
ZIMBABWE is in economic and political crises which are threatening peace, particularly ahead of the 2023 elections.Observers say corruption and looting of public resources have reached alarmin...Published: 10 Jan 2022 at 06:02hrs | 1 | by Staff reporter
RBZ mulls more stringent currency measures
GOVERNMENT is looking at adding more stringent currency measures to rein in the runaway exchange rate amid an outcry over the promulgation of Statutory Instrument 127 which business says will fuel inf...Published: 05 Jun 2021 at 09:20hrs | | by Staff reporter
Mthuli Ncube doing everything by the book
Zimbabwe's Finance Minister Mthuli Ncube seems to be doing everything by the book as he pursues orthodox economic policy often prescribed by the global "Bretton Woods" lending institutions to try and ...Published: 18 Jul 2019 at 16:48hrs | | by Reuters
Mthuli Ncube told to resign
MDC Treasurer General David Coltart has urged Finance and Economic Development Minister Mthuli Ncube to resign from his post before he dents his credibility by implanting policies that he does not bel...Published: 17 Jul 2019 at 12:50hrs | | by Mandla Ndlovu
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
Mthuli's mortal fight with the Hydra
If you ask the Bishop what will distinguish E D's Presidency, he will tell you that it is his fierce decisiveness, keen pragmatism and a commendable ability to swiftly change and adjust as the situati...Published: 30 Jun 2019 at 09:01hrs | 2 | by Bishop Lazi
Can Zimbabwe manage to de-dollarise?
THE Zimbabwean government has indicated that a local currency will be introduced in the next 12 months in a move widely believed to be a precursor to joining the Common Monetary Area (CMA), also refer...Published: 19 Apr 2019 at 11:08hrs | | by Victor Bhoroma
'Zimbabwe to introduce domestic currency'
Zimbabwe will reintroduce domestic currency only when conditions are ripe and critical economic fundamentals are in place since using the US dollar as an anchor currency is now unsustainable, accordin...Published: 08 Feb 2019 at 09:04hrs | | by Business weekly
Is RBZ shifting position?
THE Reserve Bank of Zimbabwe (RBZ) has given its clearest hint to date that the country is slowly re-dollarising after upgrading the Real Time Gross Settlement (RTGS) platform to include the United St...Published: 04 Feb 2019 at 15:09hrs | 9 | by Pauline Hurungudo
'Float or demonetise bond notes,' says experts
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya is this week expected to present the monetary policy statement amid calls that he should address the deep-seated currency challenges which are aff...Published: 27 Jan 2019 at 19:18hrs | | by Staff reporter
Zimbabwe to have own currency in 12 months
Finance and Economic Development Minister Professor Mthuli Ncube yesterday said the country will have its own currency within the next 12 months, as Government is frantically working on raising enough...Published: 12 Jan 2019 at 11:18hrs | 5 | by Staff Reporter
'ZSE downward trend likely to persist'
The downward trend that has characterised the Zimbabwe Stock Exchange since October last year is likely to persist in 2019 as the allure of protecting value wears off, analysts have said.The Z...Published: 06 Jan 2019 at 09:47hrs | 1 | by Staff reporter
It's time to just re-dollarise the Zimbabwe economy
THE recent announcement by one of country's stock market leaders, Delta Beverages, that it will be selling its products in United States dollars starting tomorrow should be a wake-up call to governmen...Published: 03 Jan 2019 at 09:08hrs | 9 | by Editorial - newsday
Zimbabwe moving towards dollarisation, says Economists
Economists have warned government over the continued usage of bond notes as a medium of exchange saying the surrogate currency is at risk of facing rejection from the market.Government is adam...Published: 29 Dec 2018 at 18:31hrs | | by Staff reporter
Zimbabwe moving towards dollarisation - Economists
Economists have warned government over the continued usage of bond notes as a medium of exchange saying the surrogate currency is at risk of facing rejection from the market.Government is adam...Published: 25 Dec 2018 at 15:35hrs | 6 | by Daily News
Is Zimbabwe re-dollarising?
Pricing trends witnessed in recent weeks where companies are resorting to charging goods and services in US dollars have triggered debate on whether the economy is marching towards dollarisation....Published: 25 Dec 2018 at 15:26hrs | | by Staff Reporter
Did government buy bond notes at +400% discount to reduce exposure?
There is speculation that the Mnangagwa led government deliberately fuelled Zimbabwe's sky-high parallel market rates to mop out bond notes at a cheaper price compared to the 1:1 to the US dollars....Published: 12 Oct 2018 at 19:25hrs | | by Ndoro Tafadzwa
Mthuli Ncube fuelled parallel market rates, price increases
UNCERTAINTY hangs over the future of bond notes and real time gross settlement (RTGS) transfers, as more businesses are rejecting the two payment methods and the economy is effectively re-dollarising....Published: 11 Oct 2018 at 18:20hrs | 1 | by Staff reporter
Mnangagwa to do a Narendra Modi on Zimbabwe black market?
There are whispers the President Emmerson Mnangagwa will come hard on the black market with some saying he will do what Indian Prime Minister Narendra Modi did in India in 2016. The secrecy with which...Published: 11 Oct 2018 at 18:17hrs | 5 | by Ndoro Tafadzwa
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