BUSINESS NEWS

Cash crisis shakes Mnangagwa's govt

CAUGHT in a dilemma between printing money and possibly fuelling inflation, or nursing acute cash shortages, President Emmerson Mnangagwa's government has turned to militant policies, controlling some...

By Staff reporter | Published: 06 October 2019

OPINION

Zimbabwe economic crisis a silhouette of the political crisis

The enduring crisis in Zimbabwe presents a conundrum to a lot of people.To the generality of Zimbabweans,whose only desire is the pursuit of a dignified existence, the debilitating liquidity crunch, f...

By Learnmore Zuze | Published: 09 July 2019

BUSINESS NEWS

Fuel crisis persists in Zimbabwe

THE country's fuel crisis is getting worse as long winding queues have begun to resurface across the country, a week after government banned the use of the multi-currency system.Deputy Energy minister...

By Staff reporter | Published: 02 July 2019

POLITICS

'Mnangagwa's govt seized with economic crisis'

President Emmerson Mnangagwa yesterday met members of the Presidential Advisory Council (PAC) amid the deteriorating economic situation in the country which has seen prices of basic goods skyrocketing...

By Staff reporter | Published: 01 May 2019

OPINION

Mnangagwa must urgently act on worsening economic crisis

THE political and socio-economic crises in Zimbabwe is slowly edging towards the tipping point as espoused by the Registrar-General (RG) Office's failure to issue passports and standard national ID ca...

By Editorial - Newsday | Published: 29 April 2019

CONSTRUCTION & PROPERTY

Currency crisis hits real estate sector

Zimbabwe's real estate sector is under immense pressure to review rentals in response to the country's deteriorating economy, which has resulted in rising operating costs, defaults and voids.First Mut...

By Staff reporter | Published: 28 April 2019

TELECOMS & TECHNOLOGY

Data tariffs soar as Zimbabwe crisis bites

Mobile network operators became the latest sector to increase prices for their products with an upward adjustment of tariffs for broadband services following the floating of the country's local curren...

By Staff reporter | Published: 28 April 2019

OPINION

Chamisa calls for SADC intervention in Zimbabwe crisis - Fulltext

Text of speech by MDC leader Nelson Chamisa as prepared for delivery at a news conference in Harare on Tuesday, January 29:THE situation in the country has reached crisis levels. The country is curren...

By Nelson Chamisa | Published: 30 January 2019

OPINION

Mnangagwa left paralysed by a crisis of legitimacy

Last week on November 24 Emmerson Mnangagwa was in Murombedzi - former president Robert Mugabe's village backyard in Mashonaland West - to commemorate his chequered one year in office following his co...

By Jonathan N Moyo | Published: 02 December 2018

MINING & RETAIL

PPC hit hard by foreign currency crisis

PPC Zimbabwe Ltd is stuck with R896 million (US$64,2 million) due to its parent company after the local company failed to remit rights issue proceeds and other amounts due to the Johannesburg Stock Ex...

By Staff reporter | Published: 30 November 2018

INDUSTRIALS & ENERGY

Musimboti cashes in on drugs crisis

CERTIFIED herbal medicines manufacturer, Musimboti Traditional Science and Technology Institute (MTSTI), has over the past two months experienced a surge in business as patients resort to traditional ...

By Staff reporter | Published: 19 November 2018

BUSINESS NEWS

Mthuli Ncube has a cash crisis plan

NEWLY-APPOINTED Finance and Economic Development minister Mthuli Ncube says government expects to announce a plan to tackle the on-going currency crisis by month-end and confirmed that he expects to r...

By Staff reporter | Published: 11 September 2018

LANDS & AGRICULTURE

Sable Chemicals warns of fertiliser crisis

SABLE Chemicals Industries (Sable), Zimbabwe's only manufacturer of ammonium nitrate (AN), says it will only be able to meet just about 38% of national demand this year.AN is a top-dressing fertiliser...

By Staff reporter | Published: 11 September 2018

OPINION

Causes of liquidity crisis and its impact on economy

DURING the past week, the media has been awash with reports of price hikes of goods and some commodities running out on the market.Products ranging from cement to chickens and other basic commodities ...

By Dr Bongani Ngwenya | Published: 09 September 2018

BUSINESS NEWS

Forex crisis weighs on Zimbabwe's command agriculture

THE deepening foreign currency crisis in Zimbabwe is hampering government's efforts to mechanise the agro sector through the Command Agriculture programme, the Office of the President and Cabinet said...

By Staff reporter | Published: 06 September 2018

BUSINESS NEWS

Govt goes after businesses as cash crisis gnaws

The Zimbabwe Anti-Corruption Commission (Zacc) has threatened to go after businesses that do not bank cash proceeds as well as financial institutions that allegedly channel cash into the informal sect...

By Staff reporter | Published: 06 September 2018

LANDS & AGRICULTURE

Zimbabwe plunges into wheat crisis

ZIMBABWE was by yesterday left with less than a month of wheat stocks after a United Kingdom-based supplier held back a 30 000-tonne consignment at Mozambique's port of Beira until payment is confirme...

By Staff reporter | Published: 06 September 2018

INDUSTRIALS & ENERGY

Govt blames fuel crisis on foreign currency shortages

ENERGY minister Simon Khaya Moyo yesterday blamed the crippling fuel shortages being faced by the nation on late foreign currency allocation and ethanol shortage.Khaya Moyo told journalists in Bulaway...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Populist measures deepen fiscal crisis

GOVERNMENT'S recent decision to award soldiers and police a hefty "special allowance" a few weeks before Zimbabwe holds a crucial general elections on July 30 shows that President Emmerson Mnangagwa's...

By Staff reporter | Published: 27 July 2018

BUSINESS NEWS

Harare town clerk crisis hampering service delivery

The continued wrangling at Harare City Council over the appointment of a town clerk has left service delivery at the mercy of politics, a development that the local authority should not allow to persi...

By Staff reporter | Published: 19 July 2018

OPINION

Cash crisis a source of poverty in Zimbabwe

THE recent media reports that the parallel market rates ranges between 60% and 65% for mobile money platforms like EcoCash and 75% for bank transfers on the parallel market as forex has become increas...

By David Mhlanga | Published: 13 July 2018

BUSINESS NEWS

Zimbabwe cash crisis 'killing business'

THE uncertainty around regional budget airline Fastjet's future partly due to unremitted cash from its Zimbabwean operations  has added credence to the view that Harare's currency problems "are k...

By Staff reporter | Published: 05 July 2018

Starafrica battles to stem crisis

Starafrica has registered a steep rise in revenue despite experiencing significant balance sheet stress in the year to March 31 018. In a note to shareholders accompanying the financial results which ...

By Staff reporter | Published: 05 July 2018

TRANSPORT & TOURISM

Zim cash crisis threatens fastjet survival

Shares in African budget airline Fastjet collapsed on Wednesday after warning it could go bust unless it obtains new funding.The airline, set up by easyJet founder Sir Stelios Haji-Ioannou, flies in s...

By BBC | Published: 28 June 2018

POLITICS

Foreign currency crisis adds to Harare's refuse woes

HARARE mayor Bernard Manyenyeni yesterday said foreign currency shortages had hampered the local authority's plans to buy additional refuse collection trucks.Manyenyeni told NewsDay that they had so f...

By Staff reporter | Published: 26 June 2018
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