ECONOMC INDICATORS

Zim cost of living goes up

THE cost of living as measured by the Consumer Council of Zimbabwe rose marginally last month from the February figure of $559.93 to $561.24.The food basket increased by 1,52 percent or $2,29 from $15...

By Staff reporter | Published: 07 April 2014

ZIMBABWE

Only 40% of Zim companies are exporting

The country's manufacturing sector is still depressed as companies continue to face challenges in producing for both local and foreign markets.A survey carried out by ZimTrade on the capacity of the l...

By Staff reporter | Published: 04 April 2014

ZIMBABWE

Zim bans fresh fruit, vegetable imports

Zimbabwe has banned imports of fresh fruit and vegetables with immediate effect, the agriculture ministry said on Wednesday, arguing that increased local production will meet domestic demand.The ban w...

By Reuters | Published: 02 April 2014

ECONOMC INDICATORS

Zim aligns Consumer Price Index with region

Zimbabwe is remodeling the consumer price index in line with regional practices in a bid to increase regional integration.The new consumer price index will have new weights and a new classification d...

By Staff reporter | Published: 18 March 2014

ECONOMC INDICATORS

Zim money supply up 2,1%

Money supply marginally grew by 2,1% in January 2014, an increase of 0,7 percentage points from the average 1,4% recorded in the last quarter of 2013, latest central bank statistics show.The Reserve B...

By Staff reporter | Published: 18 March 2014

ECONOMC INDICATORS

Zimbabwe enters deflation

Zimbabwe moved into deflation after the annual rate of inflation for February shed 0,90 percentage points to minus 0,49 percent due to continuing price fall with some economists seeing this as a tempo...

By Business Reporter | Published: 18 March 2014

ECONOMC INDICATORS

'Gloomy Zimbabwe economic outlook to persist'

Prospects of Zimbabwe's economic revival remain gloomy with developments indicating a tough time ahead, economic analysts say.Among the challenges, the economists say the country faces a widening trad...

By Staff reporter | Published: 13 March 2014

ECONOMC INDICATORS

Zim trade imbalance could be understated

Zimbabwe's trade deficit could be significantly understated in view of indications by a World Bank study that partner countries have reported much lower import figures from the country.The report enti...

By Staff reporter | Published: 10 March 2014

ZIMBABWE

Urgency needed to resolve Zim economic predicament

There is an urgent need for policy makers to implement practical initiatives in resolving trade constraints that the country is facing, Kumbirayi Katsande, the CEO of Nestle, has said.Responding to re...

By Staff reporter | Published: 06 March 2014

ZIMBABWE

'Zim's only reserves are $500 000 of gold coins'

 Zimbabwe is holding gold coins valued at $501,390 as its only reserves, enough to buy only 1,400 tonnes of maize, the finance minister has said, highlighting the parlous state of the country's f...

By Staff reporter | Published: 06 March 2014

ZIMBABWE

Low exports deterring Zim economy

The country's poor export performance has failed to power the fledgling economy to reach its job-creating potential, an international expert has said. Addressing delegates at a high level seminar on t...

By Staff reporter | Published: 06 March 2014

ECONOMC INDICATORS

Cost of living declines

The cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six decreased from $561,56 in January 2014 to $559,93 by end of February ref...

By Staff reporter | Published: 05 March 2014

ZIMBABWE

Buy Zimbabwe Campaign under threat

Low capacity utilisation in the manufacturing sector and lack of consumer education are hindering the push to promote the consumption and use of locally produced products under the banner of Buy Zimba...

By SundayNews | Published: 03 March 2014

ZIMBABWE

Good rains to spur economic growth

Zimbabwe is likely to record positive growth rates this year due to the good rains received this wet season and the confidence-building efforts that are underway, a local think-tank has said. Zimbabwe...

By Staff reporter | Published: 21 February 2014

ZIMBABWE

Poverty datum line up

THE cost of living for an average Zimbabwean has shot up with the shopping basket for an average family of five increasing from $505 in December to $511 in January this year, statistics released by th...

By Staff reporter | Published: 21 February 2014

ECONOMC INDICATORS

Trade deficit widens as exports decline

The trade deficit in the year to December widened to $4.19 billion with the country recording a 10% decline in exports. According to statistics from ZimStat, imports amounted to $7.704 billion w...

By Staff reporter | Published: 21 February 2014

ECONOMC INDICATORS

Inflation marginally up

Inflation in January gained 0.08% to 0.41% on the December 2013 figure of 0.33%, reflecting pressure from housing, education and healthcare. According to the latest data from ZimStat, year-on-year fo...

By Staff reporter | Published: 17 February 2014

ZIMBABWE

Zim pursues SA, Botswana loans

Financially-squeezed Zimbabwe government is still pursuing over $200 million in loans, pledged by regional countries nearly 5 years ago, to revive its stuttering economy. In 2009, following the format...

By Staff reporter | Published: 07 February 2014

ECONOMC INDICATORS

Zim cost of living holds steady

The cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six decreased 0,56 percent from the December 2013 figure of $564,72 to $561...

By Staff reporter | Published: 07 February 2014

ECONOMC INDICATORS

Zimbabwe trade imbalance widens

Zimbabwe's trade imbalance rose by 16 percent in 2013 in comparison to the previous year, according to figures released by the Zimbabwe National Statistics Agency (ZimStats).The trade deficit stood at...

By Staff reporter | Published: 04 February 2014

AFRICA

Rand remains under pressure

JOHANNESBURG - The rand was slightly weaker against the dollar yesterday and will probably remain under pressure from continuing nervousness about emerging markets.The rand was at R11,1900 to the doll...

By Reuters | Published: 04 February 2014

ECONOMC INDICATORS

Other salient features in the Monetary Policy Statement

• RBZ to resume banker to Government role and host Government's Exchequer Account with effect from March 31 2014.• RBZ and ministry of financing finalizing legal framework for Credit Reference Bur...

By Staff reporter | Published: 29 January 2014

ZIMBABWE

RBZ clamps down on insider loans

The Reserve Bank of Zimbabwe has put in place various measures aimed at reaffirming the role of the central bank and restoring stability to the banking sector.Presenting the Monetary policy statement ...

By Staff reporter | Published: 29 January 2014

ZIMBABWE

RBZ propose interest rates of 8% per year

The Reserve Bank of Zimbabwe monetary policy committee says the proposed interest rate structure of 8% per annum should be utilised as a benchmark for other debt in the market.The RBZ monetary policy ...

By zbc | Published: 28 January 2014

ZIMBABWE

Zimbabwe in November budget deficit

Government spending continues to outstrip revenue inflows with the November consolidated revenue fund statement of financial performance reflecting a $58 million deficit for the month of November 2013...

By Staff reporter | Published: 27 January 2014
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