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 […]
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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 […]
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THE World Bank has warned of a global economic slowdown, which could become a protracted period of ‘feeble growth’ and elevated inflation with potentially harmful consequences for middle and low-income economies. In its latest Global Economic Prospects report, the World Bank said the Covid-19 pandemic and the ongoing Russia/Ukraine conflict have negative impact on global […]
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PRESSURE is mounting on government to redollarise with civil servants accusing it of acting immorally by charging for services in United States dollars, but refusing to pay its workers similarly. Last week, the Zimbabwe dollar continued its unabated fall against the United States dollar to US$1:$308 from US$1:$258 officially, while it is now trading at […]
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Reserve Bank of Zimbabwe (RBZ) Governor, John Mangudya, said that the Financial Intelligence Unit (FIU) is investigating individuals and companies who are putting money on the black market resulting in the depreciation of the local currency, the Zimbabwe Dollar. He made the remarks while delivering a public lecture at Manicaland State University of Applied […]
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CIVIL servants under the Zimbabwe Confederation of Public Sector Trade Unions (ZCPSTU) are this Friday set to march against government’s continued reluctance to pay them in US dollars. Worries emanating from biting inflation and their devalued salaries have been ignored by government according to ZCPSTU. In a statement, ZCPSTU organising secretary, Charles Chinosengwa, said […]
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