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Authorities must stay the course on ZiG stability

The revisions consider the significant and urgent downside impacts of the El Nino-induced drought on the economy that authorities had initially underestimated.
By Zvikomborero Sibanda Jul. 12, 2024

Ceteris Paribus: ZiG a gamble in a volatile world

However, this gold linkage, with its possible upsides, has proved to be a rather double-edged sword, with potentially reduced control over fluctuations.
By Tinashe Duma Jul. 12, 2024

Economic crisis wipes US$600m off Nssa books

A Nssa executive said the write–downs prompted it to redirect investments to offshore projects, to earn foreign currency returns.
By Tatira Zwinoira Jul. 5, 2024

Ceteris Paribus: ZSE and VFEX bullish in June, can this be sustained?

The Central Bank’s tight money supply stance curtailed inflation and exchange rate movement during the month, particularly on the parallel market.
By Tinashe Duma Jul. 5, 2024

Dawn sees increased ZiG usage in real estate

He said Dawn supported the government’s effort to promote the use of the local currency in transactions.
By Belinda Chiroodza Jul. 4, 2024

ZNCC urges tax adjustments in 2024 budget review

ZNCC said it also expected Ncube to pay attention to Zimbabwe’s debt crisis.
By Tatira Zwinoira and Nizbert Moyo and Blessed Ndlovu Jun. 30, 2024

Ceteris Paribus: The ZiG’s precarious position, possibility of global recognition

Investors and ordinary citizens alike hesitate to embrace a currency tied to an institution with a tarnished track record.
By Tinashe Duma Jun. 28, 2024

Zimra sabotaging ZiG, says MP

Economic analysts have called the government to take the lead in accepting the new currency so that the transacting public gains confidence in the new currency.
By Harriet Chikandiwa Jun. 27, 2024
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Businesses struggle to get forex

The authorities only had US$285 million in reserves to back the ZiG currency when it was introduced.
By Tafadzwa Mhlanga and Belinda Chiroodza Jun. 23, 2024