Zim has enough forex: Chamisa

Zim has enough forex: Chamisa 1

By Blessed Mhlanga | NewsDay | Zimbabwe has millions in foreign currency that is adequate to sustain its economy, ramp up failing industries and sustain a return to dollarisation, opposition leader Nelson Chamisa has said. Leader of Zimbabwe’s biggest opposition party, Nelson Chamisa is seen during an interview with the Associated Press in Harare, Thursday, March, 8, 2018. (AP Photo/Tsvangirayi Mukwazhi) Calling for a return to dollarisation and abandonment of the local RTGS currency, Chamisa warned President Emmerson Mnangagwa not to introduce a new local currency until confidence returned to…

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ZCTU pressures Mnangagwa into negotiations.. union warns failure to act would lead to unrest

ZCTU pressures Mnangagwa into negotiations.. union warns failure to act would lead to unrest 2

By Xolisani Ncube and Mthandazo Nyoni | NewsDay | The Zimbabwe Congress of Trade Unions has implored President Emmerson Mnangagwa to urgently convene a Tripartite Negotiating Forum (TNF) meeting to address economic challenges being faced by the nation, saying failure to act would lead to unrest. ZCTU president Peter Mutasa (Picture by NewsDay) The prevailing economic crisis has seen inflation skyrocketing and prices rising beyond the reach of many. “Your Excellency, the situation on the ground is volatile and the nation is on the edge. Your intervention in this matter…

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Zimbabwe to rebase economy after adopting new currency – finance minister

Zimbabwe to rebase economy after adopting new currency – finance minister 3

On May 16, 2019 24,360 0 By MacDonald Dzirutwe | Reuters | Zimbabwe’s Finance Minister announced the rebasing of the economy on Wednesday, following the adoption of a new currency earlier this year, and said growth would be slowed this year by a drought and a cyclone that hit eastern regions. Zimbabwean Finance Minister Mthuli Ncube (File: AFP) The economy grew higher than expected in 2018, Finance Minister Mthuli Ncube told parliament. The central bank scrapped the peg between its quasi-currency bond note and electronic dollars against the U.S dollar…

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South Africa turned down Zimbabwe request for $1.2 billion loan in December

South Africa turned down Zimbabwe request for $1.2 billion loan in December 4

On Jan 21, 2019 37,318 22 South Africa turned down a request from its southern African neighbour Zimbabwe for a $1.2 billion loan in December, a spokesman for the finance ministry said on Monday. Mnangagwa and Cyril Ramaphosa “South Africa doesn’t have that kind of money,” National Treasury spokesman Jabulani Sikhakhane said. Zimbabwean officials were not immediately available for comment. Zimbabwe was hit by anti-government protests last week after a hike in fuel prices stoked anger over an economic crisis. Related Articles Police say three people died during demonstrations that…

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‘We are suffering … Mnangagwa has failed this country …. Enough is enough’ #ZimbabweShutDown

‘We are suffering … Mnangagwa has failed this country …. Enough is enough’ #ZimbabweShutDown 5

By MacDonald Dzirutwe | Reuters | Zimbabwe’s military put on a show of force to deter further unrest on Tuesday after at least three (some reports say 5) deaths in violent protests over steep fuel price hikes, but continuing disorder blocked the flow of key supplies into the country. Protestors gather near a burning tire during a demonstration over the hike in fuel prices in Harare, Zimbabwe, Tuesday, Jan. 15, 2019. A Zimbabwean military helicopter on Tuesday fired tear gas at demonstrators blocking a road and burning tires in the…

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LIVE UPDATES on Stay Away: Tensions rise in Zimbabwe after fuel price hikes

LIVE UPDATES on Stay Away: Tensions rise in Zimbabwe after fuel price hikes 6

On Jan 14, 2019 46,141 0 Protesters have blocked roads in some parts in Zimbabwe’s capital after the government more than doubled the price of gasoline. Riot police are seen on a street during a demonstration over the hike in fuel prices in Harare, Zimbabwe, Monday, an. 14, 2019. Zimbabwean President Emmerson Mnangagwa has more than doubled the price of gasoline, hoping the increase will end severe shortages that are fueling public anger even as he departs on a foreign trip to Russia and other countries in search of investment.…

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‘ED should act or Zimbabwe will burst’

‘ED should act or Zimbabwe will burst’ 7

By Maxwell Sibanda Having started the year engulfed with a myriad of problems — from fuel shortages, soaring prices of goods and services, shortages of drugs to labour disputes — the Daily News on Sunday’s Assistant Editor Maxwell Sibanda sought comments from a number of analysts just to find from them where they think President Emmerson Mnangagwa and his government are leading us to. President Emmerson Mnangagwa and his deputy Dr Constantino Chiwenga during a press conference at State House last night. Picture by John Manzongo Mcdonald Lewanika, a political analyst,…

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MDC meets over economic crisis

MDC meets over economic crisis 8

Chamisa will deliver an address on the current economic situation On Jan 13, 2019 58,900 2 The Nelson Chamisa-led MDC will this week meet to discuss the way forward on how to put more pressure on President Emmerson Mnangagwa to solve the current economic crisis. MDC Alliance president Nelson Chamisa (centre) and Tendai Biti (Alliance principal) (centre) and Amos Chibaya (Organising Secretary) – right. MDC spokesperson Jacob Mafume told the Daily News on Sunday yesterday that Chamisa will deliver an address on the current economic situation and this will be…

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Zimbabwe dollar back in 12 months: Ncube

Zimbabwe dollar back in 12 months: Ncube 9

By MacDonald Dzirutwe | Reuters | Zimbabwe will introduce a new currency in the next 12 months, the country’s Finance Minister said, as a shortage of U.S. dollars plunges the financial system into disarray, forcing businesses to close and threatening unrest. Professor Mthuli Ncube The southern African nation abandoned its own hyperinflation-wrecked currency in 2009 at the height of an economic recession, adopting the greenback and other currencies including sterling and the South African rand. But without enough hard currency to back up the $10 billion of electronic funds trapped…

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MDC youths plan series of demos

MDC youths plan series of demos 10

By Nokuthaba Nkomo MDC youth assembly is set to hold a series of demonstrations next week to protest worsening economic conditions in Zimbabwe. Lovemore Chinoputsa (left) seen here with Happymore “Bvondo” Chidziva In a statement, the youth assembly said the demonstrations will be held in protest of the back-to-school burden costs, high prices of commodities, a nonperforming and static economy as well as the fuel crisis. The youth assembly said considering President Emmerson Mnangagwa and his government’s “arrogant and ignorant approach” to the crisis facing the nation, it is important…

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