Articles tagged 'deflation'

Zim deflation breaks records 19 January 2017 HARARE - Zimbabwe has remained in deflation for the past two years despite government's effort to stimulate local production, latest figures show. Data released yesterday by the Zimbabwe Statistical Agency (Zimstat) revealed that the country's year-on-year inflation gained 0,16 percentage poin...
Pressure mounts on Mugabe, govt 9 May 2016 HARARE - Pressure is mounting on President Robert Mugabe and his governing Zanu PF, as new data suggests that Zimbabwe's economy is teetering on the brink of total collapse — prompting analysts and the opposition to observe that the increasingly frail nonagenarian was failing to “rig the economy”...
Zim sinks deeper into deflation 19 April 2016 HARARE - Zimbabwe's annual inflation for the month of March lost 0,09 percentage points to close the month at negative 2,31 percent from a negative 2,23 percent in February as the country sinks deeper into deflation.  Figures released by the Zimbabwe Statistical agency (Zimstat) on Friday show...
Zim to remain in deflation: WB 13 April 2016 HARARE - The World Bank says Zimbabwe will remain in deflation this year due to low aggregate demand in the country. In its World Economic Outlook report released yesterday, the Bretton Woods institution noted that the country, which is facing one of its worst droughts in 20 years due to El Ni...
Time to deal with deflation 11 April 2016 HARARE - Zimbabwe has been experiencing deflationary pressures since October 2014 and up to now, not much has been done to stimulate production and arrest deflation. In normal circumstances, deflation — the opposite of inflation and refers to a fall in prices — could be a good thing as it mean...
'Out of 2m jobs, Zanu PF has created 2' 5 April 2016 HARARE - Kuwadzana East MDC MP Nelson Chamisa has savaged President Robert Mugabe for failing to deliver on his election promises. Addressing a bumper rally in Kuwadzana on Sunday, Chamisa said the much-touted economic blueprint, the Zimbabwe Agenda for Sustainable Socio-Economic Transformatio...
Chaos fears as Zim economy burns 27 March 2016 HARARE - As Zimbabwe continues on its precipitous economic and political decline of the past 16 years that is widely blamed on President Robert Mugabe and Zanu PF's misrule, there are renewed fears that the debilitating violence that rocked the country when the ruling party lost the 2008 election...
2013 poll lies haunt Mugabe's Zanu PF 22 March 2016 HARARE - With a mere two years to go to Zimbabwe's next national elections, Zanu PF's pie-in-the-sky 2013 election promises are coming back to bite the governing party, with the economy continuing to tank and bleed tens of thousands of badly-needed jobs every new year. This comes as analysts s...
Zim remains in deflation 16 March 2016 HARARE - Deflationary pressures in Zimbabwe continue to persist with the country's annual inflation marginally shedding 0,03 percentage points to negative 2,22 percent in February from  negative 2,19 percent recorded in January 2016, official data shows. Deflation is a decrease in the general ...
Zim deflation persists 17 February 2016 HARARE - Zimbabwe has remained in deflation despite gaining a marginal 0,29 percentage points in January due to a slight increase in food and non-alcoholic beverage prices. Figures released by the Zimbabwe statistical agency (Zimstat) on Monday revealed that the year-on-year inflation rate for...
Festive cheer eludes Delta as volumes dip 19 January 2016 HARARE - Zimbabwe's largest beverages maker, Delta Corporation (Delta), says it recorded subdued volume and revenue performance for the quarter to December 31, 2015, on the back of depressed aggregate demand. Delta — 38 percent-owned by global brewer SABMiller and with over $1 billion market c...
Deflation to persist: Old Mutual 15 December 2015 HARARE - Zimbabwe's largest insurance company, Old Mutual, says deflationary pressures being experienced in the country are likely to persist into the foreseeable future in the absence of strong economic reforms. In its monthly economic brief released this week, Old Mutual said deepening defla...
Zim losing war on deflation 19 November 2015 HARARE - Latest inflation figures released by the Zimbabwe statistical agency this week have all but confirmed our worst fears that President Robert Mugabe's Zanu PF administration is losing the battle to control deflation. According to Zimstat, the country's annual inflation rate for the mont...
Zim to remain in deflation until 2016 19 November 2015 HARARE - Zimbabwe is expected to remain in deflationary mode until the end of 2016 in the absence of strong economic policies, an international think-tank has said. This comes as the country’s annual inflation rate receded by 0,18 percentage points to -3,29 percent  in October from  of -3,11 p...
Mugabe sweats as economy dies 28 September 2015 HARARE - With Zimbabwe's economy continuing to implode amidst rising poverty levels, heightened job redundancies and crippling power cuts, Zanu PF insiders say President Robert Mugabe is caught “between a rock and a hard place” as he battles to control the deadly infighting within his party and r...
Zim deflation persists 17 September 2015 HARARE - Zimbabwe's annual inflation for August has remained in the negative territory at 2,77 percent, official statistics released on Wednesday show. Figures released by the Zimbabwe Statistical agency (Zimstat) revealed that prices as measured by the all items Consumer Price Index (CPI) dec...
Mugabe runs out of ideas 15 September 2015 HARARE - Economic and political experts have lashed President Robert Mugabe's surprising decision last week to expand his already bloated Cabinet, describing the move as strange, wasteful and guaranteed to worsen the country's escalating economic meltdown. Speaking to the Daily News yesterday,...
Mugabe out of touch with reality 31 August 2015 HARARE - President Robert Mugabe’s continued attacks on political rivals at a time the economy is imploding, is a sure sign that he is out of depth with issues confronting Zimbabwe. No one expects the president to insult both the dead and the living when there are pressing issues that need his...
'Mugabe has no solution to crisis' 25 August 2015 HARARE - Zimbabweans have implored President Robert Mugabe, to at least commit himself to meaningful human rights and economic reforms if his State of the Nation address today is not to become a complete damp squib, and if the country is to be brought back from the edge of the precipice. The n...
Mujuru ghost haunts Grace 24 August 2015 HARARE - After fronting the brutal purging of former Vice President Joice Mujuru and other stalwarts in the warring Zanu PF last year, and swiftly moving to become arguably the single most powerful person in the country, the political tide appears to be turning against controversial First Lady Gr...
Zim facing economic catastrophe 24 August 2015 HARARE - I know everyone is fed up with the continuous state of crisis in Zimbabwe but that is no reason for not paying attention to its implications. In 1976 it was an intervention by the American Secretary of State that attempted to address the political, economic and social crisis in Zimbab...
Fear of mass protests rises 21 August 2015 HARARE - With most Zimbabweans stressing about the country's dying economy and rising poverty levels, as well as the heightened company closures and job redundancies, more and more observers are predicting the imminent explosion of social unrest and debilitating mass actions. The latest to env...
Zim on its knees - Tsvangirai 17 August 2015 HARARE - Opposition leader Morgan Tsvangirai is ratcheting up the pressure on regional bloc Sadc, whose leaders are meeting in the Botswana capital Gaborone today, to once again intervene in Zimbabwe’s worsening and seemingly unstoppable political and economic crises. Speaking in an interview ...
ZBC fires hundreds, closes TV station 12 August 2015 HARARE - As Zimbabwe's economic meltdown continues to escalate, the cash-strapped Zimbabwe Broadcasting Corporation (ZBC) on Wednesday closed its loss-making second television station and fired hundreds of its employees using the recent Supreme Court ruling that confirmed that employers could ter...
'Horror of 2008 back as economic meltdown accelerates' 12 August 2015 HARARE - Analysts say Zimbabwe has once again hit the depths of humanitarian and economic despair that were last experienced in 2008, when the country’s seemingly unending political crisis precipitated an economic meltdown of monumental proportions which culminated in the death of the Zimbabwe do...