Articles tagged 'zimbabwe economy'

Cars abandoned at garages 15 October 2018 HARARE - Zimbabwe's faltering economy is taking its toll on motorists who are abandoning their cars in garages for long periods due to lack of funds. Recently, Duly Trucks Motors released a statement notifying the public that a vehicle which had been unclaimed for five years after being towed ...
Is Zim headed for Titanic moment? 13 October 2018 HARARE - “I have never been in an accident of any sort worth speaking about… nor was I ever in any predicament that threatened to end in disaster of any sort… I cannot imagine any condition which would cause a ship to founder… modern shipbuilding has gone beyond that.” These words were said by...
Fears grow as economy skids 5 September 2018 HARARE - Analysts have raised fears that the country's troubled economy could soon plunge into another full blown crisis akin to the ugly 2008 hyper-inflationary era — unless the government acts urgently to address the wave of price increases, as well as the growing shortages of basic goods. T...
Parents, teachers fret over economic crisis 4 September 2018 HARARE - Parents have expressed concern over  the current economic crisis characterised by liquidity challenges and price hikes, as schools open for a new term today. At the same time, teachers have also warned of a bleak term that lies ahead for both scholars and themselves if government igno...
It's time to focus on the economy 21 August 2018 HARARE - It is not misplaced to say every well-meaning Zimbabwean is concerned about what has been happening in our country since the country held its hotly-contested polls on July 30, including the killing of six people. The country has been showing serious signs of divisions — which were a p...
The worst is yet to come 20 August 2018 HARARE - There has been so much political drama in the country in the last couple of years whose impact has not solely been confined to the political realm but has descended to pulverise Zimbabwe's economy as well as the standard of living of the majority of the population. Locating the genesi...
Zim set for rebounding incomes 8 August 2018 HARARE - Zimbabwe is expected to experience rising income levels in the near future leading to a rise in consumer spending due to a rebound in the economy, a local equities research firm has said. In its Consumer Sector report for 2018, IH Securities (IH) said while Zimbabwe's GDP per capita r...
Biti sees potential $100bn economy 21 April 2018 HARARE - Zimbabwe's opposition could expand the size of the economy more than fivefold to $100 billion within eight years if it wins this year's elections, a former Finance minister said. The first elected government since Robert Mugabe stepped down in late 2017 under pressure from the militar...
Foreign currency shortages to persist 15 January 2018 HARARE - Foreign currency shortages are expected to persist throughout this year despite promising economic turnaround following the inauguration of Emmerson Mnangagwa as Zimbabwe's President late last year. Market experts, Equity Axis, said local companies should brace for further dire shorta...
Corporate governance drives economic growth 4 December 2017 HARARE – Several companies were recently honoured for their sterling work in good corporate governance issues at the 2017 Excellence in Corporate Governance Awards. The prize ceremony was held under the theme: Promoting Good Governance for Sustainable Economic Development. Speaking at the c...
More protestors freed 4 October 2016 BULAWAYO - Eighty-six protesters, who were arrested during the July stay-away, have been freed by a Bulawayo magistrate after the State failed to produce solid evidence against them. State prosecutor Jeremiah Mutsindikwa conceded that there was no sufficient evidence to enable commencement of ...
Govt repression inspiring us: Protesters 22 September 2016 HARARE - Defiant anti-President Robert Mugabe activists said government's increased repression and brutality has strengthened their resolve to protest against Zanu PF's leadership. Speaking to the Daily News on Monday, fearless activist, Sten Zvorwadza — who has been brutally attacked by polic...
Zim remains on knife-edge 2 September 2016 HARARE - There was palpable tension in the country's major metropolitan areas of Harare and Bulawayo yesterday, despite the grouping of 18 opposition parties operating under the banner of the National Electoral Reform Agenda (Nera) cancelling today's planned mega demonstrations across the country...
'Protests to split Zanu PF further' 30 August 2016 HARARE - Zanu PF’s rift is set to widen further, as the escalating anti-President Robert Mugabe protests are likely to create more divisions within the ruling party, an Oxford-linked think tank, NKC African Economics (NKC), said. NKC’s analyst, Gary van Staden, said “we can . . . expect to see...
Envoys condemn govt repression 27 August 2016 HARARE - Foreign envoys to Zimbabwe yesterday condemned government's violent reaction to peaceful protests, saying the authorities must facilitate dialogue and respect human rights. Following a spate of protests — mainly against 92-year-old President Robert Mugabe's failed leadership — governm...
Protests rattle Mugabe 10 August 2016 HARARE - The protests that have rocked Zimbabwe — with the MDC and civic society plotting more — have rattled President Robert Mugabe, who has accused the organisers of ganging up to violently topple him from power. Addressing the crowd gathered at the national Heroes Day commemorations on Mon...
'Writing on the wall for Mugabe' 25 July 2016 HARARE - Some Zanu PF insiders and former party bigwigs say it could now be “only a matter of time” before President Robert Mugabe bites the dust, after restless war veterans became the latest key constituency in the country to call for his immediate departure. The disaffected insiders who spo...
Jobless graduates plot mega anti-Mugabe demo 19 July 2016 HARARE - With the Zimbabwean economy continuing to die, and poverty and unemployment rates reaching catastrophic levels, jobless university and other college graduates are the latest disaffected constituency planning their own mega demonstration against the government — with a massive “million-ma...
'Public anger benefits VP' 19 July 2016 HARARE - A South African think-tank says the rising anger against President Robert Mugabe could fortuitously benefit his longest-serving aide and deputy — Emmerson Mnangagwa (pictured) — in the current Zanu PF succession race. In its latest instalment, NKC African Economics said Mnangagwa's ch...
'Protest leaders must focus on teamwork' 17 July 2016 HARARE - Last Wednesday's nationwide stay-away was successful because it was a “collective thing that involved almost everyone” — followers of Pastor Evans Mawarire, supporters of #Tajamuka, and most importantly ordinary men and women. Political and social commentators said the recent nationwi...
Tsvangirai plots countrywide protests 16 July 2016 HARARE - Opposition leader Morgan Tsvangirai has declared total war on Zanu PF, announcing plans yesterday to roll out fresh nationwide protests that are intended to force President Robert Mugabe out of office. Tsvangirai's announcement came after the former prime minister in the government of...
Zimbabweans have had enough 15 July 2016 HARARE - Events of the past few days have exposed how President Robert Mugabe's incompetent and ham-fisted government is desperately clinging to power — in most cases by lying through their teeth. What is, however, clear in all this is that we are all fed up with this regime that has grown rog...
Pile pressure on Mugabe: Mutasa 15 July 2016 HARARE - As president Robert Mugabe and Zanu PF continue to feel the heat from angry protesters who want the rot devouring the country arrested, former senior Cabinet minister and ruling party stalwart, Didymus Mutasa, says mounting public agitation for change could force the nonagenarian out of ...
We stand by Zim protestors: Malema 14 July 2016 HARARE - Populist South African politician Julius Malema yesterday offered solidarity to Zimbabwean protesters who have led national strikes against President Robert Mugabe's economic policies that have closed businesses and crippled the public transport system. The left-wing Malema, who led t...
Mugabe's govt pressing self-destruct baton 13 July 2016 HARARE - The arrest of popular leader of #ThisFlag campaign — Evan Mawarire — who is leading a movement for citizens remonstrating against the deteriorating economic situation in the country is a sign of desperation by the government. Mawarire has been charged with inciting public violence and...