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2025 Budget: A shallow, hollow, narcissistic and dishonest anti-people ritual
THE 2024 budget statement was presented in backdrop of a tough and challenging year for the working people of Zimbabwe. A year in which the citizen had been abused by extreme levels of inflation, emas...Published: 29 Nov 2024 at 18:47hrs | 731 | by Tendai Biti
Zimbabwe Parliament resumes sitting
Parliament resumed sitting on Tuesday after a week-long break, which was taken to accommodate the Sadc Extraordinary Summit of Heads of State and Government hosted at the new Parliament Building in Mt...Published: 26 Nov 2024 at 17:48hrs | 90 | by Staff reporter
'Projected Trump victory driving demand for dollars'
Increasing belief on the financial markets that Donald Trump will win the US presidential election next month has been strengthening the dollar, Bloomberg has reported, citing British multinational ba...Published: 25 Oct 2024 at 13:45hrs | 564 | by Staff reporter
Mnangagwa addresses UNGA
In an address delivered to the United Nations General Assembly, President Emmerson Mnangagwa called for collective global action to create an inclusive, just, and sustainable world built on solidarity...Published: 26 Sep 2024 at 09:51hrs | 205 | by Staff reporter
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 81 | by Dr Bekithemba Mpofu
Pastor Joseph Tivafire warms up to 11th album launch
Renowned gospel musician, Joseph Tivafire is warming up to release and launch his eleventh album titled Takachengetwa this Saturday in Harare....Published: 05 Jun 2024 at 07:11hrs | 41 | by Gideon Madzikatidze/Simbarashe Sithole
Mangudya says Zimdollar turmoil temporary
As Zimbabwe's parallel market reels under the strain of a currency crisis, central bank governor, John Mangudya, assures the public that this turmoil is merely passing.This grey market, operat...Published: 18 Jan 2024 at 17:55hrs | 1 | by Staff reporter
Zimbabwe's Mnangagwa slams powerful nations' double standards
President Mnangagwa has strongly criticized the double standards of certain influential nations that publicly advocate for peace, human rights, good governance, and democracy while covertly supporting...Published: 22 Sep 2023 at 06:23hrs | 1 | by Staff reporter
Zimbabwe misses out on G7 stimulus package
ZIMBABWE missed out on a G7-backed multi-billion-dollar stimulus package designed to help countries of the global South weather economic shocks caused by the Covid-19 pandemic.The reason for t...Published: 25 Jul 2022 at 07:57hrs | | by Staff reporter
Kuyenda Collective to empower rural youths in 4 SADC countries
Rural youths in Zimbabwe, Malawi, Mozambique and Tanzania are set to be empowered through Kuyenda Collective project 'Education Out Loud' which seeks to addressing the learning crisis trou...Published: 07 Jul 2022 at 11:39hrs | 8 | by Chamunorwa Matanhike
Zimbabwe economy urgently needs tax reforms
For the fourth consecutive year, the Zimbabwe Revenue Authority (ZIMRA) has been exceeding budgeted quarterly and annual revenue targets (in ZW Dollar and in US Dollar terms). Even though the economy ...Published: 01 Apr 2022 at 12:40hrs | | by Victor Bhoroma
Mangudya improves in key global central bankers ranking table
RESERVE Bank of Zimbabwe governor John Mangudya has improved in the authoritative global central bankers performance indicators and ranking list by American magazine Global Finance as he graduated wit...Published: 15 Jan 2022 at 15:02hrs | 1 | by Staff reporter
Mangudya ranked worst performing central bank governor in Africa
The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories, including the European Union, the Eastern Carib...Published: 12 Jan 2022 at 05:13hrs | 10 | by Staff reporter
SA consumers face higher prices in 2022
Various product prices are rising rapidly across the globe as the world opens after months of lockdown. As a result, food prices have been in the headlines, and SA is no exception.As a case in...Published: 02 Dec 2021 at 05:25hrs | 8 | by Staff reporter
Govt issues $24 billion Covid-19 guarantees
FINANCE minister Mthuli Ncube says government has issued debt guarantees amounting to $24,2 billion and US$15,2 million to help firms ride out Covid-19 induced operational problems.A governmen...Published: 28 Nov 2021 at 08:04hrs | 6 | 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 | 10 | by Simbarashe Bepete
'Zimbabwe's economic fundamentals are strong'
THE economy is on a growth trajectory with Gross Domestic Product (GDP) projected to grow by 7,8 percent in 2021, attributed to a favourable rainfall season, higher international mineral commodity pri...Published: 14 Nov 2021 at 05:38hrs | 9 | by Professor Mthuli Ncube
Mwonzora urges Mnangagwa's govt to stop Chinese displacements
MDC-T leader Douglas Mwonzora has urged government to stop land displacements without availing compensation to those affected first.Thousands of families have been displaced to let Chinese inv...Published: 10 Oct 2021 at 06:38hrs | | by Staff reporter
Mnangagwa told to deal with your corrupt top aides
Civic society yesterday implored President Emmerson Mnangagwa to deal with rising corruption among his top aides in government in his State of the Nation Address (Sona) in Parliament today.The...Published: 07 Oct 2021 at 07:05hrs | 7 | by Staff reporter
'COVID-19 has paralysed Zimbabwe'
SPEAKER of the National Assembly Jacob Mudenda yesterday said the effects of the COVID-19 pandemic had paralysed the economy and increased the country's domestic and international debt burden....Published: 07 Oct 2021 at 07:03hrs | 8 | by Staff reporter
RBZ sees sustained inflation decline
THE Reserve Bank of Zimbabwe (RBZ) expects the annual inflation rate to keep falling until year-end, but has revised upwards its December 2021 target to between 36 percent and 53 percent, from 25 perc...Published: 03 Oct 2021 at 08:10hrs | | by Staff reporter
Zimbabwe blue chips shine in Africa
AT least five of Zimbabwe's biggest stock exchange-listed firms have made it to the list of Africa's best performing companies, defying storms stemming out of a two year old economic crisis, which was...Published: 03 Sep 2021 at 06:56hrs | 10 | by Staff reporter
Restaurants choke under extended lockdown
RESTAURANT operators yesterday said the continued extension of COVID-19-induced lockdown without financial support or stimulus packages for ailing businesses would severely affect their industry....Published: 12 Aug 2021 at 06:43hrs | | by Staff reporter
Inflation pressures have dissipated, claims Mangudya
THE country's success in taming inflationary pressures has created a conducive fiscal and monetary environment essential to support the ambitious 7,8 percent economic growth target this year, Reserve ...Published: 07 Aug 2021 at 07:03hrs | | 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 | 1 | by Staff reporter
'Mthuli Ncube's strategy will help him avoid fresh borrowings'
THE global economy contracted 4,3% in 2020 against a background of the United States-China trade war, Brexit and the unprecedented Covid-19 pandemic, which saw countries imposing strict lockdowns that...Published: 01 Aug 2021 at 06:45hrs | | by Inter HorIzon Securities
'Civil servants wage bill Mthuli's headache'
FINANCE minister Mthuli Ncube will tomorrow deliver his mid-term fiscal policy review statement amid growing budgetary demands at a time when the country's tax base is shrinking, and the economy sever...Published: 28 Jul 2021 at 07:43hrs | | by Staff reporter
Govt suspends COVID-19 welfare fund
GOVERNMENT says it has discontinued COVID-19 stimulus package rollout, but might consider another one for the informal sector should another lockdown be put in place. The COVID-19 social prote...Published: 24 Jun 2021 at 11:06hrs | | by Staff reporter
Zimbabwe govt suspends COVID-19 welfare fund
GOVERNMENT says it has discontinued COVID-19 stimulus package rollout, but might consider another one for the informal sector should another lockdown be put in place.The COVID-19 social protec...Published: 24 Jun 2021 at 10:55hrs | | 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 | 3 | by Staff reporter
Chamisa left shell shocked by ED's achievements
The policies and programs of Zimbabwean government under ZANU PF wield enormous influence on National development progress and the ultimate goal towards 2030 vision. Despite the little manoeuvring spa...Published: 05 Jun 2021 at 18:16hrs | 1 | by Dr Masimba Mavaza
Mthuli Ncube clarifies $18bn stimulus package
THE implementation of the $18 billion Covid-19 stimulus financing for the private sector is still ongoing and the Government is providing only 50 percent guarantee through local banks.Finance ...Published: 21 May 2021 at 05:57hrs | | by Staff reporter
Zimbabwe predicts 7.5% economic growth
ZIMBABWEAN Finance Minister Mthuli Ncube believes the effects of the coronavirus pandemic are "behind us" and the nation has better economic prospects following the roll-out of a vaccination program....Published: 19 May 2021 at 18:30hrs | 5 | by Staff reporter
90% of Zimbabwe's forex in formal market
ABOUT 90 percent of the country's foreign currency is now circulating in the formal market thereby stabilising the exchange rate and stimulating economic growth, Finance and Economic Development Minis...Published: 09 May 2021 at 08:09hrs | 7 | by Staff reporter
Loan guarantee beneficiary denies Zanu-PF crony links
LUXAFLOR Roses, the company which got a US$750 000 bank loan guarantee from government that has raised eyebrows, says it does not have any link with Zanu-PF, despite its manager having previously expr...Published: 08 May 2021 at 08:51hrs | | by Staff reporter
Separated by a river, but worlds apart
Depending on one's propensity to follow the news, the world, at varying days of December of 2019 was introduced to the novel corona virus, a highly contagious and deadly virus preliminary reports at t...Published: 27 Apr 2021 at 14:40hrs | | by Sibusisiwe Tshuma
Tourism goods VAT scrapped
GOVERNMENT has removed Value Added Tax (VAT) payable on selected goods and services in the tourism sector in an effort to promote domestic tourism and catapult the industry back to its hey days. ...Published: 08 Apr 2021 at 08:42hrs | 6 | by Staff reporter
'Zimbabwe hurtling towards stagflation'
LAST week the CEO Africa Roundtable (CEOART) gathered some of Zimbabwe's best economists and industrialists to digest economic developments during the first quarter of 2021. What came out of the summi...Published: 04 Apr 2021 at 09:44hrs | 2 | by Staff reporter
Could vaccinating an entire resort town revive Zimbabwe tourism?
With every passing minute, 500 million cubic metres of roaring water rush over the edge, falling into a gorge more than 100 metres below. The sound is thundering, the sight spectacular.Once ag...Published: 01 Apr 2021 at 07:01hrs | | by Staff reporter
MPs, teachers fraudulently access Covid-19 funds
THE Government has launched an investigation into the alleged abuse of funds that were availed as safety nets for Covid-19 affected groups after it emerged that Government officials, Members of Parlia...Published: 28 Mar 2021 at 06:43hrs | | by Staff reporter
Mnangagwa's govt cuts off Covid-19 allowances
ABOUT 60 000 vulnerable urban families hard hit by the ravaging effects of Covid-19 last received cushion allowances from government in September 2020 as Treasury has no resources to finance the socia...Published: 23 Mar 2021 at 08:11hrs | 56 | by Staff reporter
Dialogue with Chamisa
The year 2021 started at a very sad note. A year which everyone thought was going to breath a new lease of life has turned into a very bleak one coupled with myriad of challenges.As long as we...Published: 16 Mar 2021 at 14:41hrs | | by Leonard Koni
Mthuli Ncube guarantees over US$15 million loans
FINANCE Minister Mthuli Ncube has once again ignored parliament's advice against mortgaging state resources to support non-essential projects after extending over US$15 million guarantees on loans tak...Published: 16 Mar 2021 at 06:18hrs | 8 | by Staff reporter
Zimbabwean agriculture recovery in motion
ZIMBABWE is an agrarian economy and has huge potential to produce enough for its people and surplus that can be exported to generate foreign currency. However, there is a puzzling divergence between i...Published: 28 Feb 2021 at 10:43hrs | | by Dr John Basera
Do we still have a government?
ZIMBABWE'S Covid-19 lockdown elapses on 15 February, bringing the country to yet another moment of truth as difficult decisions must be made in answering the all-important question: What happens next?...Published: 13 Feb 2021 at 14:44hrs | | by Staff reporter
Govt should treat every business as essential
THE Zimbabwe National Chamber of Commerce (ZNCC) has said there is no business entity within the country which can be considered non-essentia...Published: 13 Feb 2021 at 10:27hrs | 2 | by Staff reporter
Mnangagwa administration: Comedy of errors
GENESIS 3 v 9-11 (NIV), "But the Lord God called the man, where are you? He answered: I heard you in the garden, and I was afraid because I was naked; so I hid."This is the first time in the B...Published: 06 Feb 2021 at 07:06hrs | 1 | by Paidamoyo Muzulu
'Covid-19 vaccine cheaper than PPE'
PROCURING Covid-19 vaccines will cost the country far less compared to what it is spending on personal protective equipment (PPE) and other consumables to fight Covid-19 and what it is losing economic...Published: 01 Feb 2021 at 05:34hrs | | by Staff reporter
$4.8bn set aside to support households, says Govt
GOVERNMENT claims it has set aside $4,8 billion to support households affected by the heightened lockdown measures.The disclosure by the government follows a request by human rights lawyer Den...Published: 31 Jan 2021 at 09:37hrs | 9 | by Staff reporter
Biti tackles Mnangagwa's govt over Covid-19 funding
FORMER Finance minister Tendai Biti says government has not been transparent over its fiscal and financial issues on Covid-19-related matters, adding there has been a mixture of lack of accountability...Published: 30 Jan 2021 at 17:23hrs | | by Staff reporter
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