‘No prosperity without austerity’

‘No prosperity without austerity’   8/2/2019 The Chronicle Mthuli Ncube OVER the past year, there has been much talk about Vision 2030, our national growth strategy to transform Zimbabwe into a Prosperous and Empowered Upper Middle Income Society by the end of the next decade. There has been less talk, however, about how we are …

Monetary policy: Return of the Zimdollar

Monetary policy: Return of the Zimdollar       Source: Monetary policy: Return of the Zimdollar – NewsDay Zimbabwe February 7, 2019 THE Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is due to release the monetary policy and the policy position is highly anticipated against the sustained monetary related macro-economic deficiencies. As a symptom, the economy has endured …

RBZ dismisses bond notes reports

RBZ dismisses bond notes reports   24/1/2019 RBZ Governor Dr John Mangudya The Chronicle THE Reserve Bank of Zimbabwe (RBZ) has dismissed social media reports alleging the discontinuation of the use of bond notes. According to ZBCtv, the Central Bank Governor Dr John Mangudya has dismissed the reports with the contempt they deserve. “The article …

‘Insurance and pension compensation catastrophic’

‘Insurance and pension compensation catastrophic’     22/1/2019 Source: ‘Insurance and pension compensation catastrophic’ – DailyNews Live BUSINESS WRITER      22 January 2019 HARARE – The Insurance and Pensions Commission (Ipec) says implementingrecommendations of the Commission of Inquiry on the conversion ofinsurance and pension values from the now-defunct Zimbabwean dollar toUnited States dollars without reforms would be …

‘Prices will not go up’

‘Prices will not go up’    21/1/2019 Source: ‘Prices will not go up’ | Daily News HARARE – Retailers have promised that prices will not be going up as long as government expedites the rebate system which provides tax relief to registered businesses. This comes after people besieged retail shops engaging in panic buying after retailers opened …

Finance Bill: When Does it Come into Force?

Finance Bill: When Does it Come into Force?    21/1/2018 Source: Finance Bill: When Does it Come into Force? – The Zimbabwean Introduction The Finance (No. 3) Bill  is one of the Bills that will give legal effect to the Budget announced by the Minister of Finance last year.  It was passed by the National Assembly on …

Innovation the missing link in agric financing

Innovation the missing link in agric financing   Independent 14/12/2018 A financially-empowered farmer is a productive farmer. Credit, together with insurance, is critical to agricultural financing. However, lack of innovation by financial institutions has limited smallholder farmers’ access to finance.Financial Matters with Tinashe Kaduwo Zimbabwe is among the countries with the lowest score on Agricultural …

Private sector carrying govt’s debt burden

Private sector carrying govt’s debt burden   Independent 7/12/2018 ZIMBABWE’S banks have slowed on lending to the private sector while accumulating sovereign paper, a situation that clearly shows the relationship between government default, private sector lending and banks’ sovereign paper holding. Financial MattersTinashe Kaduwo Over the past few years, the government has been struggling to …

Law to compel forex recipients to charge in bonds

Law to compel forex recipients to charge in bonds     The Chronicle 4/12/2018 Tendai Mugabe in Kadoma Government is crafting a law that compels business people who receive foreign currency allocation from Treasury to charge their products in local currency, President Mnangagwa said yesterday. Further, Government will revoke licences of such business people with …