Articles tagged 'economy'

ED opens up: Sets conditions for dialogue 1 February 2019 HARARE – President Emmerson Mnangagwa, pictured, has denied reports suggesting that all is not well between him and Vice President Constantino Chiwenga, the Daily News can report. Speaking to journalists at an informal media briefing at Munhumutapa Building — the citadel of government power — ...
State brutality won't help economy: ZHRC 22 January 2019 HARARE - Zimbabwe Human Rights Commission (ZHRC) has condemned security forces' brutality saying heavy-handedness on protesters does not fix the economy. This comes after Zimbabwe witnessed one of its first ever deadly anti-government protests against President Emmerson Mnangagwa's administrat...
'Zim crisis could spill into neighbouring countries' 20 January 2019 HARARE - While 2018 saw new leadership being announced in key southern African countries, the region's leaders have failed to live up to the expectations of their electorates. This is according to Human Rights Watch, which on Thursday launched its World Report 2019 in Johannesburg. “The new...
'Current economic chaos to define future' 6 January 2019 HARARE - As Zimbabwe hurtles towards into the New Year, the majority of the country’s population is bruised economically, socially and politically.  The “Daily News on Sunday’s Assistant Editor Maxwell Sibanda spoke to several analysts to hear their views on what they think should be the key p...
Zim prepares for hard 2019 31 December 2018 HARARE - Business leaders and analysts have warned that the country’s deepening economic rot will continue to ravage long-suffering Zimbabweans in 2019 — amid dire predictions that the first quarter of the new year will be particularly difficult, the Daily News can report. This comes after Pre...
A Christmas to forget 27 December 2018 HARARE - The year 2018 will remain etched in the back of many Zimbabweans for its poor and dull Christmas! Shortages of basics which are traditional for any Christmas, things like soft drinks, beer, bread and cooking oil spoiled all the fun. Chicken which used to be on every family's meal c...
Chamisa ramps up pressure on Mnangagwa 27 December 2018 HARARE - Opposition leader Nelson Chamisa is ratcheting up the pressure on President Emmerson Mnangagwa in a bid to energise the frustratingly slow tempo of the much-talked about national dialogue meant to end the country's deepening economic crisis. [Adz] [GoogleAd]  
2018: Zim's annus horribilis 24 December 2018 HARARE - The Latin term, annus horribilis, meaning a bad and unfortunate year, would probably for most Zimbabweans best describe the year 2018. Average Zimbabweans would be forgiven to think that the ancestors, nature or God, the Supreme Being, has forsaken this land between the Zambezi and th...
Outlook for 2019 dismal --— unless? 24 December 2018 HARARE - I was called by a major local newspaper this past week and asked what my view of 2019 was? I laughed at the question because right now I do not think anyone could tell you what is going on, let alone predict 2019. Then I had coffee with two of the most important business leaders in...
What's next for Zim? 18 December 2018 HARARE - The current political system in Zimbabwe under the ruling Zanu PF has failed to work for 38 years and it would be folly to think it can work now, political analysts contend. They also called for an urgent multi-sector dialogue that looks into the country's socio-economic and political...
ED's 100 days in office 17 December 2018 HARARE – President Emmerson Mnangagwa has led “the most failed first 100 days of any president,” analysts have said, citing the worsening plight of the long-suffering majority of Zimbabweans. Mnangagwa was installed president on August 26, after the Constitutional Court confirmed his disputed ...
Advisory council key for economic recovery 5 December 2018 HARARE - Decision-making in any governance structure is key for economic recovery and proper economic projections. An advisory council is crucial because it keeps government in check before key decisions are made. I would suggest this council must comprise academics, policy makers, opinion lea...
Busisa re-ignites rand debate 1 December 2018 HARARE - Industrialist Busisa Moyo has re-ignited the rand adoption debate by saying Zimbabwe can encourage "the wider circulation of the South African currency under its multi-currency system". This also comes as the country's liquidity crisis has worsened and economist-cum-banker Persistence...
Chamisa, Biti push for talks to end economic turmoil 28 November 2018 HARARE - Opposition leader Nelson Chamisa and one of his key lieutenants, MDC national vice chairperson Tendai Biti, have called for political dialogue with President Emmerson Mnangagwa to end the country's economic turmoil, which they say is impoverishing Zimbabweans. This comes as the econom...
Women bear the brunt as Zim hits hard times again 18 November 2018 HARARE - It feels almost like 2008 all over again in Zimbabwe. In 2008, the country was embroiled in one of the worst economic hardships in history, which forced millions of people to flee to neighbouring states, including South Africa, to escape an economic meltdown which led to widespread sh...
Zimbos demand more after coup 15 November 2018 HARARE - As the country marks exactly a year since the military rose up against former president Robert Mugabe by way of a popular coup, long-suffering Zimbabweans say they want President Emmerson Mnangagwa and his government to do more to improve their lives. This comes after Mnangagwa earned...
ED proposes more tough austerity measures 15 November 2018 HARARE - President Emmerson Mnangagwa has said there is no going back on his unpopular new tax on electronic transactions and promised expenditure cuts across government departments. The country introduced the tax on RTGS transactions and other such electronic money transfers that it said woul...
Cool heads needed in corporate Zimbabwe 8 November 2018 HARARE - Among the many things in short supply in Zimbabwe today are cool heads, especially among our business leaders. It is quite evident that, once again, Zimbabwe's economy is on a slippery slope, risking sliding back to where it was about a decade ago. Inflation — an evil that devoured...
Govt targets tax dodgers 4 November 2018 HARARE - President Emmerson Mnangagwa is finalising drafting legislation that will restore stability and eliminate mischief in the money markets, his spokesperson George Charamba told the Daily News on Sunday this week. Charamba also revealed that Mnangagwa will use emergency powers to deal wi...
One year after soft coup 4 November 2018 HARARE - When Zimbabwe's army took power in a bloodless coup exactly one year ago, it promised to bring happiness back by ending social and economic suffering. The military said the coup was needed to “target criminals” around then president, Robert Mugabe and to stamp out corruption which had...
ED says Mangudya beyond reproach 4 November 2018 HARARE - Despite explosive broadsides being fired at the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, the 55-year-old neoclassical economist-turned banker will stay on in his job until February 2023. In an exclusive interview with the Daily News on Sunday, presidential spokesperson G...
Family basket increases by $62 2 November 2018 HARARE - The cost of living as measured by the Consumer Council of Zimbabwe low income urban earner monthly basket for a family of six increased by $62,39 over the past month. “The cost of living as measured by the CCZ low income urban earner monthly basket for a family of six increased from t...
ED to extend central bank governor's term 2 November 2018 HARARE - President Emmerson Mnangagwa is extending the term of central bank governor John Mangudya which is due to expire in February, a spokesperson said yesterday. Mangudya has been in the post since March 2014 and is widely seen as a guarantor of monetary stability, although the Reserve Ban...
'2pc tax to stabilise macro-economy' 2 November 2018 HARARE - Finance minister Mthuli Ncube said on Wednesday the new tax on electronic payments was a painful but necessary measure and urged Zimbabweans to be prepared to go through temporarily turbulent times after which the economy will stabilise. The imposition of the levy which will apply on ...
Govt plans mass public sector retrenchments 1 November 2018 HARARE - President Emmerson Mnangagwa's government is planning mass layoffs of public sector workers as it considers various ways to pull the economy out of a recession that has rattled investor confidence. This comes as the economy has slipped into recession in the second quarter, according t...