Articles tagged 'unemployment'

Tackle root cause, not symptoms 14 November 2017 HARARE - Zimbabwe's celebrated music superstar, Oliver Mtukudzi, has a popular song titled Handiro Dambudziko, which has lyrics that go — Kushingirira kurapa mhopo pamusana...mhopo iripamusana iwe uneziso rinembonje. Translated to English, this means putting much effort in curing the symptom b...
Stop fighting, create jobs 13 November 2017 EDITOR — We know and appreciate that our economy is on its knees but I am sure our government can  find ways to ensure that every Zimbabwean citizen especially our youths are fully empowered as we face many challenges everyday in order to survive and fend for the families. Because of our econo...
'Economy remains Zanu PF's greatest opposition' 10 November 2017 HARARE - Residents of Mbare hostels have jerked up the Harare City Council (HCC) after they ran a staggering $500 000 electricity bill in one month — prompting the local authority to revive plans to introduce pre-paid meters — months after the same community had rejected them. The hostels whic...
Zim woes beyond price controls, priority lists 10 November 2017 HARARE - To anyone who has a basic understanding of economics, the wave of price hikes witnessed in recent weeks was nothing but the wake of market forces. The market — manufacturers and retailers, among other economic players — was merely responding to circumstances on the ground. But it s...
Fights will not solve Zim economic woes 9 November 2017 HARARE - Since independence from the British in 1980, the Zimbabwean political landscape has metamorphosed significantly, but for the generality of the population, nothing has improved. If anything, things have registered phenomenal deterioration over the years. The gap between the rich and th...
ZCTU loses 300k members 2 November 2017 HARARE - The Zimbabwe Congress of Trade Unions (ZCTU) — an employees' representative body — says it has lost 300 000 of its 400 000 membership due to the economic collapse which has caused massive job losses in the formal sector. Peter Mutasa, the Union's president, told the Daily News yesterd...
Zim prices zoom out of control 1 November 2017 HARARE - Hard-pressed Zimbabwean consumers are in the throes of skyrocketing grocery bills that are likely to deprive them of the joys of Christmas, with unofficial inflation figures showing that food prices have gone up by between 20 to 100 percent in the past month, the Daily News can report. ...
'Hyperinflation returns to Zim' 1 November 2017 HARARE - Hard-pressed Zimbabwean consumers are in the throes of skyrocketing grocery bills that are likely to deprive them of the joys of Christmas, with unofficial inflation figures showing that food prices have gone up by between 20 to 100 percent in the past month, the Daily News can report. ...
Govt plunging Zim into fiscal disaster 31 October 2017 HARARE - A fiscal disaster is looming as President Robert Mugabe’s Zanu PF government is on a spending spree ahead of 2018 elections, often funded through recourse to expensive debt. The reckless and carefree expenditure — amid a widening budget deficit and waning national revenue collections ...
Cowardice, stubbornness behind Zim's demise 31 October 2017 HARARE - I have always believed that part of the fundamental duties or responsibilities of any leader — be it in the corporate, political and even social sphere — is to be able to speak the truth and accept it. Leaders owe their subjects the truth and vice versa. In our Shona culture, there...
'Zim needs economic diversification' 30 October 2017 HARARE - The Zimbabwe National Chamber of Commerce (ZNCC) says the country must diversify into other sectors of the economy in order to address the present economic crunch biting hard on the nation. “There must be a shift from today's silo-style focus on agriculture, mining or industry, to a v...
Hyperinflation threat returns to Zim 29 October 2017 NEW YORK - Less than a decade after hyperinflation obliterated Zimbabwe's dollar along with its pensions and savings, the southern African nation is suffering a return to precipitous price rises. Zimbabwe adopted the US dollar in 2009, along with Britain's pound and the South African rand, to ...
These are encouraging economic signs 29 October 2017 HARARE - It's not every time that hard-pressed Zimbabweans get to hear news from industrialists that cheers them up because conversations amongst business leaders are most of the time dominated by depressing news. If it’s not the slow pace of bank transfers for cross-border transactions occasi...
CBZ tackles high unemployment 28 October 2017 HARARE - Zimbabwe's largest financial services group, CBZ Holdings (CBZ), said it has intensified efforts to empower thousands of the country's unemployed youths through skills training. The group's senior manager marketing Joel Gombera told the businessdaily that CBZ — under its Youth Entrepr...
'Mugabe's economic vandalism unpardonable' 18 October 2017 HARARE - The myriad of challenges bedevilling Zimbabwe today are essentially man-made, a senior Transform Zimbabwe (TZ) official has said. Addressing a press conference on the state of Zimbabwean economy in Harare yesterday, TZ president Jacob Ngarivhume said the cash crisis, vendors, unfriend...
Zim needs bold economic reforms: US envoy 14 October 2017 HARARE - Zimbabwe needs to implement comprehensive and bold economic reforms and get rid of corruption for the  economy to get back on track, United States ambassador to Zimbabwe Harry Thomas Junior has said. He spoke as the economy is imploding, blighted by critical foreign currency shortages...
Zim forex shortages worsen 14 October 2017 HARARE - Zimbabwe’s months-long foreign currency crisis yesterday forced Steward Bank to suspend its MasterCard payment solution, with customers wishing to use the service now required to pre-fund their accounts with cash. This comes as Zimbabwe’s leading banks are suspending automatic use of ...
Create jobs to end vending: MDC 14 October 2017 HARARE - Morgan Tsvangirai's MDC has said vendors are unfortunate victims of President Robert Mugabe's Zanu PF regime, and said they will not leave the streets until the unemployment crisis has been addressed. This comes after Mugabe complained that the streets of Harare are now very dirty bec...
Zanu PF to blame for CBD chaos 13 October 2017 HARARE - While over the years the MDC-led Harare City Council has been accused of promoting lawlessness in the central business district (CBD), President Robert Mugabe recently let the cat out of the bag when he revealed that it was actually his party officials who have been blocking the cleaning...
Chombo's appointment 'staggering, reckless' 12 October 2017 HARARE - While new Finance minister Ignatius Chombo took up his new post on Tuesday, President Robert Mugabe's decision to replace Patrick Chinamasa was met with shock and disappointment. Mugabe moved Chinamasa from the Finance ministry on Monday to lead a new Cyber Security ministry that will...
Harare unfurls CBD vendor blitz 10 October 2017 HARARE - Harare City Council has begun its citywide blitz to remove all vendors and pushcarts from the central business district (CBD). Acting town clerk Josephine Ncube said every vendor who wishes to trade within the city centre should be registered with the local authority. Ncube’s state...
Arrest warrant for forex dealer 10 October 2017 HARARE - A warrent of arrest has been issued against a Harare woman for illegally dealing in foreign currency after she failed to pitch up for her sentencing at court yesterday. Rosa Sanudi, 40, had pleaded guilty to contravening the Exchange Control Act when she appeared before Harare magistr...
Govt moves to ban street vending 8 October 2017 HARARE - Government is moving to banish vendors from the streets of Harare, in a move likely to spark outrage among hordes of hawkers who have poured into Harare's streets to eke out an honest living. This comes as economic experts have said the hardships afflicting Zimbabwe have reduced the c...
Zanu PF fights overshadow economic ruin 8 October 2017 HARARE - Dust was still settling from Grace Mugabe and Vice President Phelekezela Mphoko's grenade attack on Vice President Emmerson Mnangagwa, when a neat trio of grim economic indicators slipped out. Grace's outlandish claim that Mnangagwa and his allies were plotting a power grab that was t...
Massaging inflation data won't revive Zim economy 2 October 2017 HARARE - Prior to December 1991 when the Soviet Union ceased to a communist empire, its flagship broadsheet newspaper was called Pravda, or “Truth.” But everyone knew it wheeled out fibs. The credibility of Pravda was so small that those who bothered to peruse it would believe unerringly th...