Articles tagged 'economy'

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...
'Multi-currency system to stay' 30 October 2018 HARARE - President Emmerson Mnangagwa, yesterday said the multi-currency system is here to stay, and encouraged Zimbabweans to be patient and endure the pain while his government makes efforts to revive the economy. Mnangagwa made these remarks at the State House yesterday, where he hosted ban...
Now is the time for action, Mr President 24 October 2018 HARARE - President Emmerson Mnangagwa has made a lot of promises ever since he came to power in November 2017, and again when he was elected in the disputed July 30 election. One of Mnangagwa's proclamations in his first days in office was that his administration would take corruption head-on....
All eyes on Mnangagwa 24 October 2018 HARARE - President Emmerson Mnangagwa will tomorrow chair two crucial Zanu PF meetings in Harare as he battles to deal with the twin challenges of Zimbabwe's worsening economic crisis, as well as mounting discord within the upper echelons of the ruling party.
ED warns forex dealers fuelling Zim's economic turmoil 22 October 2018 HARARE - President Emmerson Mnangagwa has moved a step closer towards dealing decisively with unscrupulous Zanu PF bigwigs and businesspeople who are involved in the illegal trading of foreign currency in the country. [Adz] [GoogleAd]
Zim slips in Wef's rankings 19 October 2018 HARARE - The US remains the world's most competitive economy, whilst Zimbabwe has fallen from 124th to the 128th, according to the World Economic Forum (Wef)'s annual rankings issued this week. The Wef said Zimbabwe slipped in the ranking due to worsening infrastructure, a weakening of the cou...
'Govt will defend wages' 15 October 2018 HARARE - President Emmerson Mnangagwa says he is fully aware of challenges monetary and fiscal measures have posed and government is working flat out to protect consumers, defend wage values and secure savings. This comes after Finance minister Mthuli Ncube and Reserve Bank of Zimbabwe governo...
Struggling Zimboz need a reprieve 14 October 2018 HARARE - Todays' Asian tigers, China included were nonentities when we attained independence in 1980 with Singapore a laughing stock. Thirty years on, these nations have ushered in sound economic policies that raise the standard of living for their people and have become global players of note. ...
No to GNU talks — Chamisa 10 October 2018 HARARE - MDC leader Nelson Chamisa says he will not be “tricked” into a government of national unity (GNU) like what happened with the party's founding president, Morgan Tsvangirai, in 2008. Chamisa poured cold water on sentiments that he must smoke a peace pipe with President Emmerson Mnangag...
Talk to Chamisa to spur economy, ED urged 8 October 2018 HARARE - With the country's economy continuing to haemorrhage badly despite the government's best efforts, analysts and ordinary citizens are urging President Emmerson Mnangagwa to engage opposition leader Nelson Chamisa (pictured)to stem an economic “Armageddon” similar to 2008. Among the pro...
Economy must move towards normalcy now 8 October 2018 HARARE - The Zimbabwean economy has been a subject for discussion for decades now as it continues its slide into the abyss. Following the July 30 harmonised elections, a lot has been said about the best post-poll arrangement with some pushing for an inclusive government similar to the one that...
Yes, I bought a €4m Bugatti - Buyanga 7 October 2018 HARARE - Our news editor Gift Phiri sits down for a wide-ranging interview with 39-year-old businessman Frank Buyanga. Find below excerpts of the interview. Q: I understand you commenced your entrepreneurial career in the United Kingdom in 1998 at the tender age of 18. Could you share a little...