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CZR calls for crackdown on rampant sale of counterfeit electronics
The Confederation of Zimbabwe Retailers (CZR) has raised alarm over the growing sale of counterfeit and fraudulently marketed electronic goods across the country, calling for an urgent multi-agency la...Published: 09 Jul 2025 at 14:31hrs | 156 | by Staff reporter
Zimbabwe's retail sector crisis worsens as shops continue closing
Zimbabwe's retail sector is facing an unprecedented crisis, with several major retailers and wholesalers forced to close branches amid a series of economic challenges. This Thursday, President Emmerso...Published: 01 Feb 2025 at 08:57hrs | 2054 | by Staff reporter
Buy Zimbabwe raises concerns over retail sector challenges
Buy Zimbabwe has raised concerns about the challenges facing the retail sector, stating that these obstacles are hindering efforts to promote locally-produced goods.Over the past few weeks, ma...Published: 20 Jan 2025 at 10:17hrs | 83 | by Staff reporter
South Africa's big business wants spaza shop economy?
Major businesses across South Africa are looking to capitalise on the country's booming informal economy, with many companies licking their lips at an opportunity worth hundreds of billions of rands....Published: 22 Nov 2024 at 10:04hrs | 659 | by Staff reporter
'Increase in sugar prices unwarranted'
THE Confederation of Zimbabwe Retailers (CZR) has expressed concern over speculative pricing of sugar on the local market.In a statement yesterday, CZR president Denford Mutashu said the recen...Published: 12 Apr 2024 at 09:49hrs | 1 | by Staff reporter
Retailers, service providers switch to ZiG prices
SEVERAL businesses and key service providers had by yesterday successfully converted prices of their goods and services to the new Zimbabwe Gold (ZiG) currency to ensure smooth consumer transactions....Published: 10 Apr 2024 at 06:02hrs | 1 | by Staff reporter
Zimra gives small businesses tax reprieve
The Zimbabwe Revenue Authority (Zimra) has offered a six-month grace period for informal businesses to register for taxes in a move seen to boost State revenues.Revised guidelines outlining sp...Published: 30 Jan 2024 at 04:20hrs | 10 | by Staff reporter
Zimbabwean minister claims that maize meal supply guaranteed
The HeraldThe low volumes of some mealie meal brands that appeared in formal retail shops recently was just a temporary business distribution hitch not caused by any grain shortages, with mill...Published: 04 Jan 2024 at 05:55hrs | 8 | by Staff reporter
Zimbabwe industry frets over suspension of import duty
CAPTAINS of industry in Zimbabwe are sweating over the recent suspension of import duty and import value-added tax (VAT) on 10 basic groceries saying this was tantamount to exporting jobs and killing ...Published: 15 May 2023 at 19:01hrs | 2 | by Staff reporter
Zimbabwe central bank confident of price stability
ABOUT $40 billion, some of which could have found its way onto the black market, has been mopped up from the market in less than 10 months through gold coins and gold-backed digital tokens, in a devel...Published: 14 May 2023 at 11:32hrs | 1 | by Staff reportetr
List of duty-free goods released
Import duty and import VAT was suspended yesterday on 10 basic goods: maize meal, rice, milk, flour, salt, cooking oil, petroleum jelly, toothpaste, bath soap and washing powder.The suspension...Published: 13 May 2023 at 18:25hrs | 2 | by Staff reporter
RBZ blacklists 11 firms over black market deals, overpricing
SIX contractors that were doing business with Government have been blacklisted by the Reserve Bank of Zimbabwe (RBZ)'s Financial Intelligence Unit (FIU) for trading on the foreign currency black marke...Published: 29 Jan 2023 at 07:42hrs | 25 | by Staff Reporter
US$ salary demands grow louder in Zimbabwe
DEMANDS for United States dollar (US$) salaries have increased across all sectors of the economy as a number of employees struggle to buy basic commodities now being charged in the greenback.M...Published: 18 Jul 2022 at 08:26hrs | 2 | by Staff reporter
Mnangagwa's govt threatens retailers
GOVERNMENT yesterday threatened to withdraw trading licences of all retailers pegging their prices exclusively in United States dollars.Speaking during a post-Cabinet media briefing in Harare,...Published: 13 Jul 2022 at 07:20hrs | | by Staff reporter
Date set for Zimbabwe gold coins rollout
GOLD coins that were announced last week as a new measure and alternative to store monetary value, will be introduced into the market mid-this month and will be purchased using both foreign and local ...Published: 03 Jul 2022 at 09:28hrs | 11 | by Staff reporter
Mnangagwa guns for economic hitmen
PRESIDENT Emmerson Mnangagwa's administration has launched a massive clampdown on some big corporates suspected of conniving with local banks to borrow billions of Zimbabwean dollars which they used t...Published: 13 May 2022 at 19:14hrs | 1 | by Staff reporter
Govt cracks down on speculators
GOVERNMENT is clamping down on big corporates, which borrowed billions of Zimbabwe dollars and used the money for speculative activities while taking advantage of exchange rate movements to push up pr...Published: 13 May 2022 at 19:02hrs | 4 | by Staff reporter
Bank lending freeze targets big corporates enjoying 'arbitrage profits'
HARARE - The Zimbabwe government is clamping down on big corporates which borrowed billions in Zimbabwean dollars and allegedly used the money for speculative activities.Authorities say the co...Published: 13 May 2022 at 14:50hrs | 31 | by Staff Reporter
Retailers defy Mnangagwa on pricing
RETAILERS have defied President Emmerson Mnangagwa's directive to adhere to the official interbank rate when pricing goods.On Saturday, Mnangagwa announced a raft of measures aimed at controll...Published: 10 May 2022 at 07:46hrs | 1 | by Staff reporter
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
RBZ summons businesses over price madness
RESERVE Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday said his meeting with business this morning is not a witchhunt, but an effort by authorities to grasp the root cause of the prevailin...Published: 11 Oct 2021 at 05:54hrs | 2 | by Staff reporter
Rates hike standoff turns political
ZIMBABWE's retail industry came out guns blazing this week, slamming local authorities for undermining President Emmerson Mnangagwa's ‘Zimbabwe is Open for Business' campaign after extensive rate hi...Published: 20 Aug 2021 at 07:11hrs | 3 | by Staff reporter
The next big crisis for Zimbabwe retailers
A crisis is brewing in Zimbabwe's retail sector after Finance minister Mthuli Ncube amplified a desperate situation by turning down pleas to hike tax-free thresholds by wide margins in his midterm pol...Published: 01 Aug 2021 at 06:49hrs | 3 | by Staff reporter
Mthuli Ncube to hold business indaba
GOVERNMENT will soon engage industry to discuss the rationale behind the recent spate of price increases which followed the promulgation of Statutory Instrument 127 of 2021.The SI was introduc...Published: 06 Jun 2021 at 09:48hrs | | by Staff reporter
Business escalates rice tax deadlock
ZIMBABWE'S retail and wholesale industries, under pressure from Treasury to pay a controversial tax on rice in retrospect, have approached President Emmerson Mnangagwa and his deputy Vice-President Co...Published: 09 Apr 2021 at 07:37hrs | 3 | by Staff reporter
Fears of third wave as complacency sets in
ZIMBABWE could slide into a third Covid-19 wave due to complacency and failure to observe standard safety regulations after the relaxation of lockdown rules, experts have warned as the re-opening of s...Published: 26 Mar 2021 at 05:54hrs | 10 | by Staff reporter
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
WATCH: Auxillia Mnangagwa pleads with business community to avoid corruption
The business sector has received a thumbs up from the First Lady, Amai Auxillia Mnangagwa for complementing government efforts in stabilising prices of basic goods and the economy.With governm...Published: 13 Nov 2020 at 13:57hrs | 2 | by Staff Reporter
Competition and Tariffs Commission exposes consumers
The Competition and Tariff Commission has banned the self regulation mechanisms which had been setup by the Grain Millers Association of Zimbabwe and other retailers in a bid to cushion the consumers ...Published: 05 Aug 2019 at 13:30hrs | 1 | by Mandla Ndlovu
Competition & Tariff Commission to probe manufacturers
The Competition and Tariff Commission has indicated that it is the only entity with the exclusive rights to set price ranges in line with the Competition Act."The Commission reserves the right...Published: 25 Jul 2019 at 19:55hrs | | by Staff reporter
Zimbabwe retailers in major price climbdown
THE price hike madness that had manifested in the country in recent weeks appears to be dissipating with some of the major players in the economy starting to see reason following the gazetting of Stat...Published: 08 Jul 2019 at 07:51hrs | | by Staff reporter
Tongaat gazettes retail sugar prices
Tongaat Hulett has gazetted recommended retail sugar prices for the commodity which is being overpriced. The prices for brown sugar are $4,99 for 1kg, $9,98 for 2kg, $24,95 for 5kg and $49,90 ...Published: 24 Jun 2019 at 09:29hrs | | 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
Millers reject forex sales, cap profit margins
GRAIN millers have maintained a 10 percent mark-up retail price on mealie-meal and other basics and rejected the selling of the products in foreign currency. Speaking at a joint meeting with r...Published: 31 May 2019 at 07:24hrs | | by Staff reporter
Price madness: Manufacturers blame retailers
MANUFACTURES have blamed retailers for the price madness prevailing on the market, accusing them of unethically adding high-profit margins on products, hence suffocating the consuming public.C...Published: 23 Apr 2019 at 07:48hrs | 2 | by Staff reporter
Prices of goods have risen by between 25 and 75%
RETAILERS have said consumer spending has declined considerably in recent months, as Zimbabwean consumers cannot afford to maintain spending with the high prices of goods and services. Prices ...Published: 09 Apr 2019 at 07:17hrs | 2 | by Staff repoirter
Soft drink shortages to persist
Delta corporation Limited (Delta), the country's biggest supplier of soft drinks and beer, has said shortages of its beverages will persist pending supply of foreign currency from the Reserve Bank of ...Published: 07 Jan 2019 at 18:58hrs | 1 | by Staff reporter
Zimbabwe currency confusion
The three-tier pricing system prevailing in the country is very confusing and frustrating, and is making the majority of people wonder if anyone really is in control of the economy. The government app...Published: 21 Dec 2018 at 10:52hrs | 2 | by Miriam T Majome
Mnangagwa, Chamisa steal Christmas Joy
Long-suffering Zimbabweans are once again facing a bleak Christmas and New Year season - with the majority of the country's citizens jobless, penniless, hopeless and unable to afford even the most bas...Published: 16 Dec 2018 at 14:00hrs | 2 | by Staff reporter
Govt, industry in prices deadlock
GOVERNMENT and business yesterday reached an impasse over arbitrary price hikes after a lengthy meeting between Industry and Commerce minister Mangaliso Ndlovu and captains of industry in the capital....Published: 20 Nov 2018 at 06:06hrs | | by Staff reporter
CZR wants 2% tax scrapped
THE Confederation of Zimbabwe Retailers (CZR) is pleading with Government to review the two percent tax on electronic transactions, which it claims is being abused by some unscrupulous entities to des...Published: 20 Nov 2018 at 05:52hrs | | by Staff reporter
RBZ avails $10m to manufacturing sector
THE Reserve Bank of Zimbabwe (RBZ) last week released over $10 million to the manufacturing sector to address the shortages of basic commodities and wanton price increases, NewsDay reported.In...Published: 23 Oct 2018 at 06:24hrs | | by Staff reporter
Sugar, cooking oil flood black market
The parallel market for basic commodities is flourishing again in Bulawayo as shortages blamed on a controversial government tax on electronic money transactions and foreign currency crisis worsens th...Published: 21 Oct 2018 at 09:43hrs | 3 | by Staff reporter
Retailers rip off panic-stricken consumers
Retailers reportedly ripped off panic-stricken consumers by arbitrarily hiking the cost of basic commodities despite getting supplies from manufacturers at normal prices.Moreover, tariffs for ...Published: 14 Oct 2018 at 08:08hrs | | by Staff Reporter
Prices spike over Mthuli Ncube's new tax plan
PRICES shot up by up to 10% yesterday, as suppliers and manufacturers reacted to the introduction of a 2% tax on money transfer transactions by new Finance minister, Mthuli Ncube in a move that could ...Published: 03 Oct 2018 at 07:25hrs | | by Staff reporter
Zimbabwe economy skids
Analysts have raised fears that the country's troubled economy could soon plunge into another full blown crisis akin to the ugly 2008 hyper-inflationary era — unless the government acts urgently to ...Published: 05 Sep 2018 at 15:46hrs | | by Staff reporter
Business tackles Mnangagwa over forex list
Several companies that were last week named as having externalised foreign currency have approached government challenging the list which has strained the relationship between authorities and business...Published: 27 Mar 2018 at 10:13hrs | 1 | by Staff reporter
Retailers seek Mnangagwa's intervention
The Confederation of Zimbabwe Retailers (CZR) says President Emmerson Mnangagwa should address the foreign currency shortages, among a host of constraints, to grow the economy.Speaking at the ...Published: 04 Dec 2017 at 05:32hrs | | by Staff reporter
Retailers warned over rejecting plastic money
Confederation of Zimbabwe Retailers (CZR) president Denford Mutashu has warned some retailers in parts of the Midlands province, who reject mobile money in their shops preferring cash transactions....Published: 23 Oct 2017 at 07:20hrs | 1 | by Staff reporter
Basic commodities: The good news
Zimbabweans should not panic over false reports regarding food shortages as the manufacturing sector has enough resources to feed the nation, a top business leader has said.Confederation of Zi...Published: 22 Oct 2017 at 13:45hrs | | by Staff reporter
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