10 Reasons why Zimbabweans must continue to use VPN

vpn

Now that every Zimbabwean knows what a VPN is, its time to use for other reasons other than avoiding internet blockade. If you think that you’re a normal citizen and you don’t need a VPN service for your daily internet activities, there are chances that you’re wrong. A VPN can help you get access to region-restricted sites, save yourself from hacking risks while using public Wi-Fi, etc. Overall, it gives you more control over your privacy, which is a basic human right.o Hide your internet activity from ISP (ie Econet, Netone, Telone, Zol) In a…

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Zim industry capacity utilisation down by 6.2 percent: study

Zim industry capacity utilisation down by 6.2 percent: study 1

By Alois Vinga THE Confederation of Zimbabwe Industries (CZI) says local industry capacity utilisation has dropped by 6.2 percent with signs it could further slip if protective measures were not put in place to reverse the downward spiral. This was revealed in a recent survey conducted by the business oriented organisation. The survey, entitled, “The 2018 CZI Manufacturing Sector Survey” says that from August 2018, capacity utilisation in November 2018 declined by 6.2 percentage points to 42 percent. “The decline in capacity utilisation was mainly a result of policy Inconsistency…

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IMF warns of no-deal Brexit risks with time running out for UK

IMF warns of no-deal Brexit risks with time running out for UK 3

22nd January 2019 Business, Economy By Bloomberg The International Monetary Fund renewed its warning about the risks to the UK’s economic outlook if Britain leaves the European Union without a deal. The Washington-based lender held its 2019 growth forecast at 1.5%, saying the fiscal stimulus announced in the October 29 budget would likely help offset the dampening effect which Brexit fears are having on the world’s fifth-biggest economy. However, “substantial uncertainty” surrounds the estimate. “This baseline projection assumes that a Brexit deal is reached in 2019 and that the UK…

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SA working on bailout package for Zimbabwe

SA working on bailout package for Zimbabwe 4

SOUTH AFRICA is working on extending a short term credit facility in the region of $7 million to Zimbabwe to help write off Harare’s external arrears. BY BUSINESS REPORTER South Africa Finance minister Tito Mboweni According to a report carried by the Daily Maverick, South Africa Finance minister Tito Mboweni and his Zimbabwean counterpart Mthuli Ncube are in talks over the specifics of a bailout package. In the report, Mboweni is quoted as saying the two countries were discussing the possibility of South Africa extending an existing credit facility just…

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South Africa refused Zimbabwe emergency loan request

South Africa refused Zimbabwe emergency loan request 6

BBC South Africa has said it rejected a request from Zimbabwe for an emergency loan of $1.2bn (£932m) in December. Zimbabwe’s government had hoped the cash would help stabilise the economy and resolve fuel shortages in the country. South Africa did not have “that kind of money”, a Treasury spokesman said. A fuel price hike imposed shortly after the request was rejected has led to violent clashes. The opposition says four of its MPs have been detained. The government has blamed the opposition Movement for Democratic Change (MDC) for stoking…

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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 8

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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SA finance minister confirms short-term Zimbabwe bail out plan

SA finance minister confirms short-term Zimbabwe bail out plan 9

By The Daily Maverick SOUTH Africa is planning to extend short-term credit to Zimbabwe and also to help it write off its US$7.4-billion external debt, to prevent its neighbour spiralling out of control. Critics say this will be a waste of money unless it can pressure Zanu PF to make political reforms. Finance Minister Tito Mboweni disclosed the plan in an interview with Daily Maverick as Zimbabwe slipped closer to the brink after a massive fuel price hike on January 12 sparked a general strike and then widespread street protests, many of…

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Zimbabwe needs peace to develop: IMF

Zimbabwe needs peace to develop: IMF 11

THE International Monetary Fund (IMF) has called for peace in Zimbabwe urging stakeholders to work on developing and implementing policies that will stabilise the economy and promote sustainable and inclusive growth. BY STAFF REPORTER The southern African nation last week witnessed a brutal crackdown by security forces on protestors who were demonstrating against the rising cost of living and general deterioration of the country’s economy. Official figures put inflation at 42% but prices of basic goods and fuel have gone up more than threefold. Economist Steve Hanke puts Zimbabwe’s inflation…

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Capacity utilisation seen falling to 30%

Capacity utilisation seen falling to 30% 13

CAPACITY utilisation in Zimbabwe’s manufacturing industry rose by 3,1 percentage points to 48,2 % in 2018 but there are fears that the sector could contract to as low as 30% if the country’s foreign currency shortages persist. BY Kuda Chideme A survey by the country’s largest business member organisation, the Confederation of Zimbabwean Industries (CZI) which polled 290 companies, showed that capacity utilisation dropped in the last quarter of the year as foreign currency shortages intensified. The foodstuffs, tobacco and beverages, as well as wood and furniture sub-sectors had average…

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Price hikes fail to end fuel crisis

Price hikes fail to end fuel crisis 15

There is no immediate relief for motorists and transport operators despite government’s shocking fuel hikes as long and winding queues continue to stalk several garages which are struggling to stock the much-sought products. In this photo taken on Friday Dec, 21, 2018, a driver takes a nap with his feet sticking out of the car while in a fuel queue in Harare. The Christmas lights are up in Zimbabwe’s capital but the mood is less than festive as the country grapples with an economic crisis that prevents many families from…

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