Commercial Farmers' Union of Zimbabwe
EDITORIAL COMMENT: Currency reforms need support of all Zimbabweans 27/6/2019 The Chronicle Government on Tuesday removed the multi-currency regime and restricted domestic transactions to local currency renamed Zimbabwe dollar. The multi-currency system has been in operation since 2009 which means the country has been without its own currency for a decade. The removal of …
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New regulations tame bourse arbitrage window 27/6/2019 The Chronicle Oliver Kazunga, Senior Business Reporter THE 90-day disposal window of dual listed securities or shares bought by investors on the Zimbabwe Stock Exchange is a positive move as it tames arbitrage opportunities and externalisation of funds, economic analysts said yesterday. The Reserve Bank of Zimbabwe (RBZ) …
‘Crop research critical for improved food security’ 27/6/2019 The Chronicle Pamela Shumba, Senior Reporter THE development of research is critical in ensuring improved food security in the country, the First Lady Amai Auxilia Mnangagwa has said. Speaking after touring the International Crops Research Institute for Semi-Arid Tropics (Icrisat) in Matobo yesterday, Amai Mnangagwa said climate …
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Government pays Eskom, Zesa debts 27/6/2019 The Chronicle Zvamaida Murwira, Harare Bureau Government has paid US$10 million to South African power utility, Eskom, and has also paid off $20 million to Zimbabwe Electricity Supply Authority (Zesa) to clear its indebtedness to the power utility. Zesa is also expected to get an advance of $20 million …
Economists warn against USD-based prices 27/6/2019 Professor Ashok Chakravarti The Chronicle Ishemunyoro Chingwere, Harare Bureau The Economists Roundtable has implored businesses to stop pegging prices of goods and services against the value of the US dollar since the costs they incur are in local currency. The call follows the introduction of currency reforms contained Statutory …
Forex withdrawals still allowed: RBZ 27/6/2019 The Chronicle Africa Moyo, Harare Bureau Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mangudya yesterday reiterated that companies and individuals can still withdraw their money held in foreign currency accounts, adding that NGOs can still pay their employees in forex. Further, Dr Mangudya clarified that possession of forex …
Cabinet approves currency reforms 27/6/2019 Zanu-PF First Secretary, President Mnangagwa (second from left), Vice President Kembo Mohadi (third from left), National Chairperson Cde Oppah Muchinguri-Kashiri (right) and Secretary for Administration Cde Obert Mpofu during a Politburo meeting at the ruling party’s headquarters in Harare yesterday The Chronicle Zvamaida Murwira, Harare Bureau Cabinet has approved currency …
Zimbabwe ending foreign currency could be disastrous, says economist IOL News Fanuel Jongwe 27/6/2019 Harare – Zimbabwe announced on Monday that it would abandon the use of foreign currencies which replaced the local dollar that was wiped out by hyperinflation ten years ago. President Emmerson Mnangagwa has promised to introduce a new national currency …
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Editorial Comment: It’s time to put economic fundamentals in place – NewsDay Zimbabwe 26/6/2019 Editorial Comment The ripple effects of the bombshell that government dropped on Monday concerning the abolishment of the United States dollar as legal tender in Zimbabwe are yet to be fully felt and, already, speculation is in overdrive as Zimbabweans …
Why new currency measures will not work and what we propose – NewsDay Zimbabwe 26/6/2019 Guest Column: Tapiwa Mashakada/ Miriam Mushayi WHEELS have finally come off as the Zimbabwe government has been cornered and forced to involuntarily de-dollarise without a plan. When government introduced bond notes, we warned that the surrogate currency was bad …
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