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

ZIMBABWE

Panic withdrawals reduce bank deposits

According to the RBZ November Monthly economic review broad money recorded an annual decline of 0.46% in November 2013, compared to a growth of 3.16% recorded in October 2013.On a month-on-month basis...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

Card based transactions continue to rise

The total value of card based transactions increased by 1.11% to $331.71 million in the month of November, from $ 328.06 million in October 2013.This is based on figures released by the Reserve Bank o...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

Zim's 2014 budget hangs in balance

Funding Zimbabwe's $4,1 billion 2014 National Budget will be a tough task as government's revenue collections continue to shrink, analysts say.This comes as President Robert Mugabe's administration - ...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

Weakening rand sparks outcry

THE weakening of the South African rand against the United States dollar has sparked an outcry in Bulawayo and parts of the southern region with some public institutions now refusing payment in rand.A...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

Zimbabwe to seek debt relief

ZIMBABWE will this year actively lobby creditors to have its $6,1 billion debt written off after completing an audit and validation of the debt last year, Finance and Economic Development Minister Pat...

By Business Reporter | Published: 23 January 2014

ZIMBABWE

Economy sliding towards deflation

THE economy is sliding towards deflation, a situation that could see overall output and competitiveness of industry being affected leading to a decline in employment levels, economists have warned.Def...

By Staff reporter | Published: 20 January 2014

ECONOMC INDICATORS

Zimbabwe inflation declines

THE country's annual inflation shed 0,21 percentage points to end the month of December, 2013 at 0,33 percent due to the low level of growth in prices for goods which in turn implies that economic gro...

By Staff reporter | Published: 16 January 2014

ZIMBABWE

Zim economy to grow 4.2% in 2014, says the World Bank

Zimbabwe's economy will grow by 4.2 percent this year, well short of the government's more upbeat projection as weaker global metal prices weigh on expansion, the World Bank said on Wednesday.Finance...

By Reuters | Published: 16 January 2014

ZIMBABWE

'Zimbabwe economy to grow by 3.4%,' says BMI

Economic think tank, Business Monitor International (BMI), has forecast Zimbabwe's economy to grow by 3,4 percent this year due to limited foreign direct investment in the country.It said the country...

By dailynews | Published: 16 January 2014

ECONOMC INDICATORS

Cost of living marginally up

The month of December witnessed a slight increase in the cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six despite supermarke...

By Staff reporter | Published: 16 January 2014

ECONOMC INDICATORS

Zim external debt stands at $6.1 billion

Following the completion of the validation and reconciliation exercise of the country's external debt, total external public and publicly guaranteed debt (excluding Reserve Bank and private sector ext...

By Staff reporter | Published: 20 December 2013

ZIMBABWE

Zimdollar account holders to be compensated

Zimbabweans who lost their Zimdollar savings will be compensated next year as $20 million would be availed to financial institutions, Finance Minister Patrick Chinamasa revealed yesterday during his...

By Staff reporter | Published: 20 December 2013

ZIMBABWE

Zimbabwe bans unrefined gold exports

Exports of unprocessed platinum and diamonds will from January 1, 2014 attract a "heavy" tax as part of Government measures to force mining houses into beneficiating minerals and metals locally.Financ...

By Staff reporter | Published: 20 December 2013

ZIMBABWE

Zimdollar demonitised

Government will issue Treasury Bills to raise $20 million to compensate Zimbabwe dollar account holders who lost money following the adoption of a multiple currency system in 2009.Minister Chinamasa s...

By Staff reporter | Published: 20 December 2013

ZIMBABWE

Chinamasa to inject $100m into RBZ

GOVERNMENT will restore the banker of last resort function of the Reserve Bank of Zimbabwe  with effect from April 2014 by injecting $100 million into the institution, Finance Minister Patrick Ch...

By Business reporter | Published: 20 December 2013

ZIMBABWE

Zimbabwe to grow 6.4% in 2014

Zimbabwe's economy should grow 6.4% in 2014, a big jump from the 3.4% projected for this year, Finance Minister Patrick Chinamasa said on Thursday."This is anchored on a strong recovery of the agricul...

By Reuters | Published: 19 December 2013

ZIMBABWE

Zimbabwe 2014 Budget - Full document

The 2014 National Budget Statement...

By Patrick Chinamasa | Published: 19 December 2013

ZIMBABWE

Zim needs an expansionary fiscal policy

The inflation rate in Zimbabwe continues to decline and this is an indication that the country`s aggregate demand continues to be depressed entailing that the country continues to suffer from low econ...

By Staff reporter | Published: 17 December 2013

ZIMBABWE

Chinamasa's golden chance to bury Zim dollar

Finance Minister Patrick Chinamasa presents the 2014 national budget this Thursday and it will be a golden opportunity to bury for good, fears and speculation that the Zimbabwe dollar might find its ...

By New Ziana | Published: 17 December 2013

ZIMBABWE

FDI evades Zimbabwe industry

THE Confederation of Zimbabwe Industries, the country's biggest sector lobby group, says the manufacturing sector has not realised new inflows of foreign direct investment over the last three years. A...

By Business Reporter | Published: 17 December 2013

ECONOMC INDICATORS

Zim annual inflation declines

ZIMBABWE's annual inflation declined to 0.54% on the October rate of 0.59% as domestic demand continues to decrease, according to ZimStat. The year on year food and non alcoholic beverages inflation ...

By Staff reporter | Published: 16 December 2013

ZIMBABWE

Zimbabwe close to deflation

THE ZIMBABWE economy is close to deflation due to the stagnancy and decline in prices as consumer spending continues to weaken, it has emerged.Local economist Tony Hawkins said the country is witnes...

By Staff reporter | Published: 16 December 2013

ECONOMC INDICATORS

Zim trade deficit worsens

Zimbabwe's current account deficit ballooned by half a billion dollars in the 10 months to October 2013 as the country remains a net importer.Figures released by the Zimbabwe Statistical Agency indica...

By Staff reporter | Published: 11 December 2013

ZIMBABWE

EU to grant Zim $4,1m

The European Union (EU) will next year grant Zimbabwe $4,1 million to finance a feasibility study targeted at facilitating revival of its iron and steel industry.The country's steel industry has been...

By Staff reporter | Published: 09 December 2013
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