Articles tagged 'unemployment'

Tsvangirai raps Mugabe's economic stewardship 28 April 2017 HARARE - Opposition leader Morgan Tsvangirai has said President Robert Mugabe's administration has failed to match up to his economic stewardship during the inclusive government era amid mounting economic woes. Tsvangirai told eNCA that Mugabe's “poor leadership” had reversed much of the progr...
Mugabe: Master at ducking responsibility 27 April 2017 HARARE - Ever since the controversial July 2013 elections, Zimbabweans have been scrounging for survival amid a plethora of challenges. The ruling Zanu PF — victorious in the heavily contested polls — entered a new trajectory characterised by deadly internal squabbles, at a time the general so...
Reform or perish, experts tell govt 25 April 2017 HARARE - Amid the embarrassing news that Zimbabwe has now been officially ranked as the poorest country in Africa, economic experts say the government has no choice but to introduce much-needed policy reforms to resuscitate the country's dying economy. Veteran economist John Robertson told the...
Zim economic rot hits civil servants hard 24 April 2017 HARARE - A senior government official has lifted the lid on the worsening daily struggles that junior civil servants are going through due to the country's escalating economic rot. Finance ministry's accountant-general, Daniel Muchemwa, said last week that most civil servants were now “down to...
Things fall apart in Zim 8 March 2017 HARARE - As Zimbabwe's clueless government continues to blow billions of “fictional” dollars that it does not have — on trinkets and its bloated workforce — experts have issued a fresh warning that the country is heading for an economic disaster of epic proportions, akin to the 2008 meltdown. ...
'Zim ruined by skewed policies' 22 February 2017 HARARE - Zimbabwe's once promising economy has been destroyed by President Robert Mugabe’s controversial policies, a European security think-tank has said. The European Inter-agency Security Forum (EISF) said Zimbabwe was facing an imminent crisis that will require an international humanitaria...
Zim rot spirals as 'chefs' fight 2 February 2017 HARARE - Economists and leading opposition figures say Zimbabwe is heading for a disaster of mega proportions if Zanu PF remains fixated on its seemingly unstoppable tribal, factional and succession wars, and the country's economic meltdown is not arrested soon. This comes as poverty continues...
Zim collapsing before our eyes 1 February 2017 HARARE - After briefly visiting Harare last week on his way to Ethiopia from his long holiday, President Robert Mugabe must come down to his senses and address the burning issues of the day namely, the collapsing health sector, economy, extreme poverty hitting our people, the deadly Zanu PF succe...
Zim economy reaches dead end 1 February 2017 HARARE - A fragile political situation that could prove catastrophic — gross domestic product (GDP) growth of less than one percent, a notoriously high unemployment rate, widening inequality and the industrial failings of a commodity-driven growth model — not a pretty picture of an economy. Yet t...
Time to deal with rising unemployment 31 December 2016 HARARE - The Reserve Bank of Zimbabwe this week made stunning revelations that close to 3 000 workers lost their source of revenue in the nine months to September this year. What this means is that the country’s already high and unsustainable unemployment rate — estimated above 90 percent — is...
Chinamasa's headache 8 December 2016 HARARE - Finance minister Patrick Chinamasa is today expected to come up with some miracles to inject fresh impetus into Zimbabwe's ailing economy. Chinamasa's 2017 national budget presentation comes against the background of an increase in the closure and liquidation of scores of comp...
Chinamasa to present 2017 budget today 8 December 2016 HARARAE - Finance minister Patrick Chinamasa is set to unveil the 2017 national budget in Parliament today, with economic experts urging him to come up with an expansionist spending plan to revitalise the crisis-plagued economy. Chinamasa's 2017 budget presentation, which comes on the back of ...
UZ fines 'protest' student, backs down on fees 3 November 2016 HARARE - The University of Zimbabwe (UZ) has fined graduand Tonderai Dombo $50 after the institution's disciplinary committee found him guilty of breaching rules of students' conduct following his protest in front of President Robert Mugabe during a graduation ceremony in September. Four other...
Moyo warns student protesters 5 October 2016 HARARE - Higher and Tertiary Education minister Jonathan Moyo has warned students against using politics to interfere in academic processes, cautioning that those who do it will face “costly” consequences. His warning comes after three University of Zimbabwe (UZ) students embarrassed President...
UZ graduand protesters freed 2 October 2016 HARARE - Three University of Zimbabwe graduands, who stunned President Robert Mugabe during Thursday's graduation ceremony as they waved placards demanding jobs, have been freed after paying $10 fine each. The three, who included former Students Representative Council (SRC) president Tonderai ...
UZ graduands stun Mugabe 1 October 2016 HARARE - University of Zimbabwe (UZ) graduating students yesterday pulled a shocker and confronted President Robert Mugabe head-on by openly showing him banners reminding the controversial 92-year-old leader that graduating was meaningless without jobs. This happened as Mugabe was in the proce...
Zim education now meaningless 1 October 2016 HARARE - Thousands of students from the University of Zimbabwe graduated yesterday but a dark cloud hovered over the celebrations amid indications that many of the graduates are only fuelling the high unemployment rate in the country due to lack of job opportunities. As per tradition, Presiden...
Want to know how to ruin a nation? Ask Mugabe 26 September 2016 HARARE - It is probably the result of our usual obsession with our own little difficulties that we've been unable to pay adequate attention to the drama unfolding north of the Limpopo. Zimbabwe is a free and independent State, but South Africa has often tended to treat it like a baby to be nan...
'We are fed up, not afraid' 4 August 2016 HARARE - Large crowds thronged Harare's central business district yesterday as increasingly restless Zimbabweans, including unemployed university graduates who are having to eke out a difficult living as street vendors, marched against the country's dying economy and the government's imminent int...
Zim braces for social upheaval 3 July 2016 HARARE - President Robert Mugabe and his ruling Zanu PF have been warned that the deadly riots which paralysed Beitbridge Border Post on Friday could signal the beginning of social unrest which could tear the country apart. The warning came as police confirmed to the Daily News on Sunday yeste...
Stressed Zim on knife edge 22 June 2016 HARARE - With the country teetering on the brink of another ginormous economic meltdown akin to the horror experienced in 2008, there are growing fears that ordinary Zimbabweans are becoming increasingly restless and that this could soon blow up into deadly riots. Concerned analysts who spoke ...
Zim economy getting worse: Economists 16 June 2016 HARARE - Economic experts have warned afresh that Zimbabwe's economy is in dire straits and that authorities need to move with more urgency and vigour to mitigate the country's plummeting fortunes. The warning comes in the wake of the country's worsening liquidity and cash crises, the economy ...
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”...
Mnangagwa comes face to face with reality 3 May 2016 HARARE - Vice President Emmerson Mnangagwa must be scrambling to find answers over the failure to fill up the 40 000-seater Rufaro Stadium for the Workers' Day celebrations yesterday. Yesterday's Workers' Day, the first organised by an employer since independence in 1980, was supposed to be a ...
Mugabe's Zanu PF has failed workers 2 May 2016 HARARE - Yesterday, Zimbabwe joined the rest of the world in commemorating Workers’ Day but there was no euphoria, no great expectations as the governing Zanu PF has destroyed whatever working force that we once had. It is common knowledge that less than 20 percent of the country’s population ...