Scrapping of multi-currency regime: The implications

Scrapping of multi-currency regime: The implications – NewsDay Zimbabwe   26/6/2019 Guest Column: Respect Gwenzi ON Monday, the government announced major changes in the monetary policy of Zimbabwe, highlighted by the ending of a 10-year multi-currency system. Further measures announced include the intended sterilisation of $1,2 billion in RTGS funds. These are balances in RTGS …

Cotton farmers in Sanyati optimistic

Cotton farmers in Sanyati optimistic   26/6/2019 The Herald Blessings Chidakwa in Kadoma COTTON farmers in Sanyati and surrounding areas are optimistic of higher yields, with sampling by Government showing a significant increase in average hectarage per farmer this season. The development has been attributed to Government’s focused support and subsidy under the Presidential Inputs …

Venture into horticulture, farmers urged

Venture into horticulture, farmers urged   26/6/2019 The Herald Fungai Lupande Mashonaland Central Bureau Farmers in Mashonaland Central have been urged to venture into horticulture to ensure continuous flow of income throughout the year, Seed Co agronomy and extension services manager Dr John Bhasera has said. Speaking at a horticulture field day at Dairies of …

Agric show preps hot up

Agric show preps hot up   26/6/2019 The Herald Ellen Chasokela Herald Reporter The Zimbabwe Agricultural Society (ZAS) has stepped up preparations for this year’s rebranded Zimbabwe Agricultural Show, with focus on increasing capacity in the Exhibition Park and transforming the show from a display platform to an opportunity ecosystem. This year’s show, which runs …

SI 142 buttresses Govt’s extraordinary measures

SI 142 buttresses Govt’s extraordinary measures   26/6/2019 The Herald Shame Tarumbiswa Correspondent On Monday June 24, Finance and Economic Development Minister, Mthuli Ncube made a big announcement that Government had removed the multi-currency regime and restricted domestic transactions to local currency, renamed the Zimbabwe dollar, in an effort to enhance the affordability of goods …

Save Valley illegal settlers warned

Save Valley illegal settlers warned   26/6/2019 The Herald Tawanda Mangoma in Chiredzi Government has warned over 15 000 illegal settlers in and around the Save Valley Conservancy that they will soon be evicted from the wildlife-rich sanctuary as the new dispensations moves to restore order in the world-acclaimed habitat. The decision to move the …

Load shedding to intensify — ZESA

Load shedding to intensify — ZESA   26/6/2019 The Herald Business Reporter Power utility, Zesa Holdings, has announced that it will implement load shedding outside the official schedule following a breakdown at Hwange Power Station. “Due to a technical fault at Hwange Power Station, local generation is now depressed,” Fullard Gwasira, the spokesperson of Zesa …

Black market pacified

Black market pacified   26/6/2019 The Herald Africa Moyo Deputy News Editor THE runaway black market, which had thrived in the just-ended multi-currency system, was all but pacified yesterday in response to Government’s measures to contain fiscal and monetary problems in the country. There was subdued activity on the street and among foreign currency dealers …

RBZ moves to arrest inflation. . .Interest rate hiked to 50%

RBZ moves to arrest inflation. . .Interest rate hiked to 50%   26/6/2019 The Chronicle Prosper Ndlovu, Business Editor THE Reserve Bank of Zimbabwe (RBZ) has increased the interest rate on its overnight window to 50 percent per annum from 15 percent in a bid to tame inflationary pressures alongside other measures meant to buttress …

Government to donate animals to Angola. . .Move to help country rebuild wildlife ravaged by war

Government to donate animals to Angola. . .Move to help country rebuild wildlife ravaged by war   26/6/2019 The Chronicle Leonard Ncube , Victoria Falls Reporter THE Government will donate an undisclosed number of wild animals to Angola to help the country rebuild its wildlife which was ravaged by decades of war, President Mnangagwa has …