US monitoring Zimbabwe’s economic situation
THE US says it is “closely monitoring” Zimbabwe’s economic situation and hopes the southern African country “returns to being a responsible international citizen”. Zimbabwe is facing an acute foreign...
View ArticleNo to price controls — jittery firms caution government
AS THE Zimbabwean economy continues to tank, businesses have warned the government against the temptation to impose price controls — to stem the rising prices of goods which have come on the back of...
View ArticleFears grow for pending bond notes, RTGS crash
UNCERTAINTY hangs over the future of bond notes and real time gross settlement (RTGS) transfers, as more businesses are rejecting the two payment methods and the economy is effectively re-dollarising....
View ArticleInflation hits post-dollarisation high
ZIMBABWE'S annual inflation rose to 5.39 percent in September, the Zimbabwe National Statistics Agency said on Monday, its highest in the post-dollarisation era. Month-on-month, inflation stood at 0.92...
View ArticleGovernment fails to tackle key problems
THE Zimbabwe government is failing to stem the country’s worsening economic crisis due to faulty policies, market analysts have said. Zimbabwe, once Africa’s breadbasket because of its agricultural...
View Article‘Zim should revisit mining royalties’
GOVERNMENT should review mining royalties to encourage large scale investments in precious metals, Christina Muzerengi, a tax expert, has said. A royalty is a usage based tax, which is calculated as a...
View ArticleNSSA reinstates fired director
THE unending drama and leadership changes at the National Social Security Authority (Nssa) continues unabated amid indications that David Makwara — the recently reinstated investments director — has...
View Article‘Transaction tax needs more tweaking’
TREASURY should add exemptions to the intermediated money transfer tax, which it announced last week, an expert has said. Last week, Finance minister Mthuli Ncube announced exemptions to the tax which...
View ArticleKarikoga Kaseke set to leave ZTA
ZIMBABWE Tourism Authority (ZTA) chief executive officer (CEO) Karikoga Kaseke is set to leave the institution he has led for 13 years. Kaseke, who took the role of CEO in July 2005 on reassignment...
View ArticleEconomic problems: Govt runs out of time
AS ZIMBABWE’S economy continues to lurch from one crisis to the other, business leaders and economists say the government is running out of both time and “rope” to turn the situation around. This comes...
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