Market confidence in ZiG low: IH Securities
The ZiG’s stability is premised on controlling money supply and fiscal expenditures as well as ensuring enough foreign currency reserves to back it.
By Gamuchirai Nyamuziwa
Nov. 4, 2024
The day Parly, Cabinet slept
Both Cabinet and Parliament should be woken from their slumber.
By Paidamoyo Muzulu
Nov. 2, 2024
‘Banking sector struggling amid currency volatility’
Profits in some banks, he noted, are bolstered by foreign currency gains and investment revaluations.
By Tafadzwa Mhlanga and Freeman Makopa
Nov. 1, 2024
Govt sleeping at the wheel
The administration has allowed the statutory instrument that introduced the Zimbabwe Gold (ZiG) to lapse before it could enact primary legislation to make the local currency a legal tender.
By Newsday
Oct. 29, 2024
Kwekwe United on brink of PSL promotion
The last team from Kwekwe to play in the topflight were the now-defunct Lancashire Steel.
By Terry Madyauta
Oct. 29, 2024
Choppies mulls Zim exit
The stress is caused by instability of the Zimbabwe Gold (ZiG) currency that was introduced in April to replace the Zimbabwe dollar as the official domestic currency.
By Tatira Zwinoira
Oct. 29, 2024
Zim runs with expired currency
Former Finance minister Tendai Biti concurred that ZiG was no longer a legal tender.
By Takudzwa Munemo
Oct. 28, 2024
Premium
Forex inflows decline as the ZiG stutters
The ZiG, which the authorities said was backed by gold, is struggling to hold its own in the multi-currency system and has been losing value at an alarming rate.
By Tafadzwa Mhlanga and Blessed Ndlovu
Oct. 27, 2024
Zim’s currency experiment has failed and it’s time to ditch the ZiG
The shift also complicates compliance with tax regulations, as accountants must stay updated on new tax implications associated with currency changes.
By Gary Gerald Mtombeni
Oct. 27, 2024
