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'Zimbabwe's feja-feja economics not working'
Major retail shops in Zimbabwe adjusted their exchange rates to ZiG30 per dollar yesterday as the local currency continued to falter, a day after President Emmerson Mnangagwa accused economic "saboteu...Published: 27 Sep 2024 at 08:26hrs | 287 | by Staff reporter
Maize, mealie meal prices skyrocket
The prices of mealie-meal and maize have gone up by over 100% amid indications that the commodity is fast disappearing from shop shelves as the effects of drought set in.Indications are that t...Published: 31 Mar 2024 at 15:20hrs | 3 | by Staff reporter
Basics disappear from Zimbabwe shop shelves
ZIMBABWEAN retailers are struggling to restock locally produced goods using the local unit as manufacturers and wholesalers are turning them away in favour of those that pay in the United States dolla...Published: 15 Mar 2024 at 07:19hrs | 27 | by Staff reporter
Living a lie
IN our NewsDay edition yesterday, we carried two stories titled: Low civil servants wages a time bomb and Let the good time roll, let's enjoy: Mthuli.The two stories clearly highlighted the gl...Published: 20 Sep 2023 at 06:41hrs | | by Staff reporter
Mnangagwa says, 'Victory is imminent, certain'
AHEAD of next Wednesday's harmonised elections, President Mnangagwa has said victory is not only imminent but certain for Zanu-PF as the party continues to deliver development that leaves no one and n...Published: 17 Aug 2023 at 06:49hrs | 14 | by Staff reporter
Mnangagwa blames businesses for food shortages
As basic food commodities disappear from supermarket shelves in Zimbabwe in the midst of an inflation crisis, President Emmerson Mnangagwa has threatened businesses, accusing them of creating artifici...Published: 03 Jul 2023 at 07:02hrs | 1 | by Staff reporter
Unpacking Zimbabwe's 'well-educated' myth
The widely acclaimed narrative - correlation fallacy - that Zimbabweans are "well educated" and are some of the highly literate people on this continent is a myth. Myths build egos, not economies; nei...Published: 09 Jun 2023 at 06:47hrs | 81 | by Rejoice Ngwenya
Mealie-meal shortage hits Zimbabwe?
ILLICIT deals involving some unscrupulous suppliers and traders have been blamed for creating artificial shortages of mealie-meal in formal shops while the commodity is being diverted to the streets a...Published: 01 Jun 2023 at 06:42hrs | 1 | by Staff reporter
Massive price hikes throw the Zimbabwe economy into turmoil
THE Zimbabwean government is having sleepless nights over price hikes, which have continued unabated, plunging low-income earners into immense poverty, a snap survey by The NewsHawks.Commodity...Published: 28 May 2023 at 17:54hrs | | by Staff reporter
Mnangagwa in panic mode
PRESIDENT Emmerson Mnangagwa has pressed the panic button over galloping prices of basic commodity as he accused retailers of plotting his defeat ahead of the August elections. Retailers last ...Published: 22 May 2023 at 06:40hrs | 2 | by Staff reporter
Mnangagwa's govt claims sabotage
GOVERNMENT has accused retailers of sabotaging the economy through speculative pricing and hiding goods from shop shelves.In a post-Cabinet Press briefing, Information and Broadcasting ministe...Published: 17 May 2023 at 21:23hrs | 2 | by Staff reporter
Imports only occupy 20% shelf space in Zimbabwe?
IMPORTED products have been reduced to 20% on local retail shelves after the government introduced the import substitution policy, a senior government official has claimed.Government promulgat...Published: 15 Mar 2023 at 06:43hrs | 1 | by Staff reporter
Mnangagwa salutes private sector
PRESIDENT Mnangagwa yesterday saluted the country's private sector which has risen to the occasion through the production of the majority of goods found in local supermarkets.This is testimony...Published: 11 Mar 2023 at 06:33hrs | 1 | by Staff reporter
Falling fuel prices ease pressure on consumers
The sustained drop in fuel prices, which saw prices being reviewed downwards twice over a two-week period this month owing to falling international crude ...Published: 31 Jul 2022 at 07:08hrs | 2 | by Staff Reporter
Anger will not solve Zimbabwe's plight
ANGER doesn't solve anything. It builds nothing, but it can destroy everything," wrote one African-American lawyer and politician, Lawrence Douglas Wilder.As Zimbabwe battles to navigate a tre...Published: 14 Jul 2022 at 07:34hrs | 2 | by Staff reporter
Mnangagwa's govt hiding behind Ukraine-Russia war'
GOVERNMENT has been accused of using the Russian invasion of Ukraine as a scapegoat for its failure to manage the country's ailing economy.On Monday, Women's Affairs, Small and Medium Enterpri...Published: 06 Jul 2022 at 18:06hrs | 3 | by Staff reporter
Mnangagwa commends Chinese investors
Zimbabwean President Emmerson Mnangagwa commended Chinese companies Thursday for their investment in the southern African nation.Mnangagwa was speaking after touring the Gweru-based Sino-Zimba...Published: 24 Jun 2022 at 08:17hrs | | by Staff reporter
Basic goods disappear from shelves in Zimbabwe
SOME basic commodities such as cooking oil have virtually disappeared from shop shelves as the monthly food basket shot to $120 000.The Consumer Council of Zimbabwe (CCZ) yesterday said a fami...Published: 20 May 2022 at 06:31hrs | 1 | by Staff reporter
Shortages show the poverty of ideas in govt
THE shortage of most locally-manufactured basic commodities due to the shocking decision by President Emmerson Mnangagwa's government to impose a blanket ban on bank lending to everyone, including the...Published: 17 May 2022 at 06:37hrs | 3 | by Staff reporter
Basics run out of Zimbabwe shelves
PRESIDENT Emmerson Mnangagwa and Finance minister Mthuli Ncube's recent economic pronouncements have reportedly triggered a shortage of most locally-manufactured basic commodities in most retail shops...Published: 16 May 2022 at 06:26hrs | 2 | by Staff reporter
Delta vows to meet increased demand
DELTA Beverages yesterday said it had enough capacity to meet demand during the festive season despite a recent shortage of some of its products on shop shelves.The beverage maker admitted ear...Published: 24 Dec 2021 at 07:26hrs | | by Staff reporter
Contaminated Ceres apple juice recalled from Zimbabwe shop shelves
Pioneer Foods is recalling certain apple juice products sold under its Ceres brand in a number of countries within the COMESA Free Trade Area including Zimbabwe, the DRC, Kenya, Mauritius, Seychelles,...Published: 16 Oct 2021 at 06:32hrs | 9 | by Staff reporter
'Mnangagwa speech hot air'
PRESIDENT Emmerson Mnangagwa yesterday said that the country's economy was on rebound, with this year's projections indicating over 7,8% economic growth, but opposition MPs rubbished his claims, accus...Published: 08 Oct 2021 at 06:33hrs | 9 | by Staff reporter
Mnangagwa's State of the Nation address
PRESIDENT Mnangagwa delivered a State of the Nation Address and officially opened the Fourth Session of the Ninth Parliament of Zimbabwe yesterday. He tackled a wide r...Published: 08 Oct 2021 at 06:27hrs | 11 | by Staff reporter
Mnangagwa wants Zimbabweans to buy locally produced goods
ZIMBABWEANS should buy locally manufactured products given the significant growth of the manufacturing sector that has seen an increase in capacity utilisation and ease of doing business anchored by t...Published: 08 Oct 2021 at 06:26hrs | 3 | by Staff reporter
Zimbabwe: Is it worse off than under Mugabe?
Claim: Life in Zimbabwe is now worse than under former President Robert Mugabe, according to Fadzayi Mahere of MDC.Verdict: It's true that in recent months, the economic situation has worsened...Published: 28 Aug 2019 at 07:41hrs | 1 | by Staff reporter
Of all the feeble excuses for imposing Z$ Minister Ncube's takes the biscuit - sanctions, very original too
Of all the feeble excuses proffered by this Zanu PF regime for ending the use of the multi-currency basket in favour of the local currency as the only legal tender; Minister of Finance, Professor Mthu...Published: 18 Jul 2019 at 09:43hrs | 1 | by Patrick Guramatunhu
Civil servants get 40% pay rise (30% cut given 100% inflation), thin end of very thick hyperinflation wedge
"CIVIL servants yesterday started receiving a cushioning allowance while the National Joint Negotiating Council (NJNC) convened a meeting to discuss an increment and other conditions of service for Go...Published: 11 Jul 2019 at 06:39hrs | | by Patrick Guramatunhu
'We must make Z$ work', who is 'we' - it's doomed and quadrillionaires are to blame; how convenient!
The Zanu PF propaganda machine has gone into overdrive in a rearguard action to justify the regime's decision to reverse the 2009 decision to allow a basket of foreign currencies as legal tender. ...Published: 28 Jun 2019 at 18:33hrs | | by Nomusa Garikai
'We are not USA must use Z$' argue Professor Chakravarti - no common sense nor integrity, must shut up
"Ever since we dollarised, everybody has been benchmarking against the US dollars," said Zimbabwe economics lecturer Professor Ashok Chakravarti."We are not the United States of America, we ar...Published: 27 Jun 2019 at 21:31hrs | 1 | by Patrick Guramatunhu
Banishing forex trading is 'Good times are back!' for chefs, 'Nhamo yamakandiwa yadzoka!' for povo
Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has cleared the air on a number of issues surrounding the abolition of the multi-currency system, among them clarifying that recipients of dia...Published: 27 Jun 2019 at 13:54hrs | | by Patrick Guramatunhu
Scrapping US$ as legal tender will 'cushion' against US$ pricing – imposing rotten Z$ will stifle trade
Zimbabwe scrapped the Z$ in November 2008 and introduced the basket of multi-foreign currency for one very good reason - it had become impossible to do business in Z$. Because of the hyperinflation, t...Published: 25 Jun 2019 at 16:14hrs | 2 | by Patrick Guramatunhu
Mock 'losers who accept some election results and reject others' - curse vote riggers who refuse to step down
Mnangagwa was cocksure his "Zimbabwe is open for business!" was going to revive the country's economic. Well it is now clear the flood of investors and lenders he expected to answer his call have neve...Published: 13 Jun 2019 at 07:45hrs | 1 | by Wilbert Mukori
An economy cannot be managed by propaganda
AN economy cannot be managed through propaganda. Back in high school, the term "propaganda"used to tickle us as students of history.The famed Oxford Dictionary defines propaganda as informatio...Published: 11 Jun 2019 at 07:13hrs | 2 | by Learnmore Zuze
Mnangagwa's govt clueless on economy
PRESIDENT Emmerson Mnangagwa's administration looks increasingly clueless on how to contain consequences of its disastrous economic policies introduced by Finance minister Mthuli Ncube through the Tra...Published: 03 May 2019 at 20:47hrs | 1 | by Staff reporter
'Give consumers arresting powers'
BULAWAYO residents yesterday called on government to formulate policies that give residents' associations arresting and price-monitoring powers as Parliament crafts the Consumer Protection Bill....Published: 27 Feb 2019 at 06:37hrs | | by Staff reporter
Zimbabwe banks plunge deeper into forex crisis
A vendor counts money at a vegetable street market in Caracas, Venezuela, on Wednesday, Aug. 17, 2016. Venezuela's imports from its six biggest trading partners including Brazil, the U.S., China, Arge...Published: 01 Feb 2019 at 14:06hrs | | by Staff reporter
Chiwenga to oversee negotiation with striking doctors - Merry Xmas VP, you filthy animal!
"Vice President Constantino Guvheya Nyikadzino Chiwenga has taken over the oversight role on the negotiations between government and striking doctors," reported Bulawayo24.Most people wo...Published: 20 Dec 2018 at 07:17hrs | 1 | by Nomusa Garikai
Daylight robbery of pricing at 4:1, but giving change at 1:1
As economic recovery measures are implemented, let's discuss this wrong mentality - yes, wrong - that nothing works until everything works because in real life there are no quick and easy fixes....Published: 07 Dec 2018 at 06:30hrs | 2 | by Conway Tutani
A timeline of how Zimbabwe lost its currency
Today, November 14, marks the 21st anniversary of "Black Friday", the day the Zimbabwe dollar crashed in 1997.We track the Zimdollar's collapse from that fateful November day, and the many des...Published: 14 Nov 2018 at 15:10hrs | 27 | by newZwire with The Source
Conflation of business and politics: An economic solution for Zimbabwe
September and October saw the prices of basic commodities in Zimbabwe rising beyond the reach of many. Medicines at pharmacies were charged in United States dollars only and those who could not afford...Published: 06 Nov 2018 at 12:35hrs | | by Elijah Chihota
Hefty fines for price hikes
Retailers and manufacturers who increase prices of goods and services without justification will face heavy Government fines under a new consumer protection law that fosters fair business practices....Published: 28 Oct 2018 at 09:11hrs | | by Staff reporter
Mnangagwa's command policies spark off market turmoil
GOVERNMENT'S commandist strategy to contain currency volatility and the rising tide of price increases ravaging Zimbabwe are likely to worsen an economic crisis that has persisted for decades while da...Published: 26 Oct 2018 at 08:25hrs | 1 | by Staff reporter
Now is the time for action, Mr Mnangagwa
President Emmerson Mnangagwa has made a lot of promises ever since he came to power in November 2017, and again when he was elected in the disputed July 30 election.One of Mnangagwa's proclama...Published: 24 Oct 2018 at 14:13hrs | | by Staff reporter
Hefty fines for price hikes
Retailers and manufacturers who increase prices of goods and services without justification will face heavy Government fines under a new consumer protection law that fosters fair business practices....Published: 21 Oct 2018 at 15:27hrs | | by Staff reporter
Mnangagwa not introducing price controls
Government has no intentions of either introducing price controls or "punishing" profiteering businesses, Industry and Commerce Minister Mangaliso Ndlovu has said.Rather, Government is embarki...Published: 21 Oct 2018 at 09:27hrs | | by Staff reporter
Govt not introducing price controls - Industry Minister
Government has no intentions of either introducing price controls or "punishing" profiteering businesses, Industry and Commerce Minister Mangaliso Ndlovu has said.Rather, Government is embarki...Published: 21 Oct 2018 at 08:25hrs | | by Staff Reporter
Drive out touts, money changers
Recent events in the country will leave anyone - including those outside Zimbabwe’s borders - having a rethink on our citizens’ claims to being one of the most literate nations on the continent....Published: 17 Oct 2018 at 16:05hrs | 1 | by Staff reporter
Brace for another bread price hike
PRICES of basic commodities, among other crucial daily requirements like fuel, have continued to skyrocket, with the Grain Millers' Association of Zimbabwe (GMAZ) warning that the cost of bread is lik...Published: 29 Sep 2018 at 12:51hrs | 1 | by Staff reporter
Zimbabwe a nation of contradictions
If Zimbabwe was a patient on a hospital bed we the relatives of the patient would have been expecting nothing less than being told by the doctors that the hospital has tried all we could do and we hav...Published: 10 Sep 2018 at 18:57hrs | 7 | by Isaac Nkomah
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