The Zimbabwe dollar today shed $14.60 to average $959.3111 to the United States dollar but the gap with the black market rate widened with the swipe rate at $1 800 while the cash rate was $1 200. Central bank governor John Mangudya said the gap between the auction rate and the black market rate had […]
Read More
There was chaos at the Beitbridge Border Post on Monday as hundreds of Zimbabwean cross-border traders desperately tried to leave South Africa before a national shutdown led by the opposition Economic Freedom Fighters (EFF), reported NewsDay. The EFF led by Julius Malema called for a national shutdown on 20 March to force South African President […]
Read More
The Minister of Finance and Economic Development Mthuli Ncube on Friday announced that from now, inflation will be measured using a weighted average of items priced in Zimbabwean dollars and United States dollars. According to Statutory Instrument 27 of 2023, “… ‘rate of inflation’ means the general increase in price levels of goods and […]
Read More
FINANCE minister Mthuli Ncube has revealed that government has no means to fund demands by ministries in 2023 national budget after complaints by legislators in the National Assembly that government departments were severely underfunded. He said the fiscus could only fund a third of the votes demanded by the ministries for expenditure next year. […]
Read More
Norton legislator (independent), Temba Mliswa, has said the ruling ZANU PF must let the late former president Robert Mugabe rest after the party blamed Zimbabwe’s founding leader for the power crisis. Speaking in a recent interview with South African broadcaster eNCA, ZANU PF spokesperson Christopher Mutsvangwa said Mugabe’s mismanagement of the country over the past two decades was to blame for […]
Read More
The Reserve Bank of Zimbabwe (RBZ) says gold coins that were announced last week will be bought using both foreign and local currency (Zimbabwe dollar). RBZ Governor John Mangudya said the gold coins will be introduced into the market mid-this month. Speaking in an interview with The Sunday News, Mangudya said the coins will […]
Read More