IN his first address as president last November, Emmerson Mnangagwa promised to focus on economic recovery and to “shed misbehaviours and acts of indiscipline which have characterised the past.”
But, faced with a tough battle to secure a fresh mandate...
FINANCE Minister Mthuli Ncube will this week announce details of a transitional plan to stabilise the economy by targeting government expenditure, the civil service, state enterprises and tax reform.
The former African Development Bank vice president and chief economist has...
AFTER his surprise appointment last month, Finance Minister Mthuli Ncube arrived at a Treasury which had just put out a grim first half report showing a $1.34 billion budget deficit, domestic debt approaching $10 billion, an unrelenting Treasury Bill...
There is a scene in the 1978 classic movie, The Great Train Robbery, which portrays the destructive arrogance of Zimbabwe’s monetary policy over the past two decades.
After masterminding a gold heist, Edward Pierce, played by Sean Connery, is dragged...
ON Monday, Reserve Bank of Zimbabwe (RBZ) governor John Mangudya finally put a stop to official pretence that the burgeoning electronic balances in the banks - and the loathed bond notes - were at par with the United States...
Below is a statement to media by Finance Minister Mthuli Ncube, on fiscal measures taken in an attempt to stabilise the economy. Later this week, Ncube is to release a broader policy statement.
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Introduction
The economy is showing signs of recovery...
Reserve Bank of Zimbabwe has told banks to separate foreign currency accounts (FCAs) from local RTGS balances, a step which reflects the decimation of the value of depositors’ funds.
From October 15, banks will allow depositors to hold separate accounts...
The last mine trucks rolled out of Kamativi over 24 years ago. Tin prices had collapsed, and the mine was forced to shut down.
Now the old tin mine is about to reinvent itself, but this time producing a different...
Australian oil and gas company Invictus Energy says its ongoing survey confirms oil potential in the northern Muzarabani area of Zimbabwe.
Invictus oil, listed on The Australian Stock Exchange, has been prospecting for gas and oil in the Cabora Bassa...
AMID growing controversy over the impact of Chinese loans on African countries, President Emmerson Mnangagwa says there is no risk of Zimbabwe having to surrender assets to its Asian ally, as Chinese loans have been used to fund projects...
