ZIMBABWE

'Zim's only reserves are $500 000 of gold coins'

 Zimbabwe is holding gold coins valued at $501,390 as its only reserves, enough to buy only 1,400 tonnes of maize, the finance minister has said, highlighting the parlous state of the country's f...

By Staff reporter | Published: 06 March 2014

ZIMBABWE

Low exports deterring Zim economy

The country's poor export performance has failed to power the fledgling economy to reach its job-creating potential, an international expert has said. Addressing delegates at a high level seminar on t...

By Staff reporter | Published: 06 March 2014

ECONOMC INDICATORS

Cost of living declines

The cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six decreased from $561,56 in January 2014 to $559,93 by end of February ref...

By Staff reporter | Published: 05 March 2014

ZIMBABWE

Buy Zimbabwe Campaign under threat

Low capacity utilisation in the manufacturing sector and lack of consumer education are hindering the push to promote the consumption and use of locally produced products under the banner of Buy Zimba...

By SundayNews | Published: 03 March 2014

ZIMBABWE

Good rains to spur economic growth

Zimbabwe is likely to record positive growth rates this year due to the good rains received this wet season and the confidence-building efforts that are underway, a local think-tank has said. Zimbabwe...

By Staff reporter | Published: 21 February 2014

ZIMBABWE

Poverty datum line up

THE cost of living for an average Zimbabwean has shot up with the shopping basket for an average family of five increasing from $505 in December to $511 in January this year, statistics released by th...

By Staff reporter | Published: 21 February 2014

ECONOMC INDICATORS

Trade deficit widens as exports decline

The trade deficit in the year to December widened to $4.19 billion with the country recording a 10% decline in exports. According to statistics from ZimStat, imports amounted to $7.704 billion w...

By Staff reporter | Published: 21 February 2014

ECONOMC INDICATORS

Inflation marginally up

Inflation in January gained 0.08% to 0.41% on the December 2013 figure of 0.33%, reflecting pressure from housing, education and healthcare. According to the latest data from ZimStat, year-on-year fo...

By Staff reporter | Published: 17 February 2014

ZIMBABWE

Zim pursues SA, Botswana loans

Financially-squeezed Zimbabwe government is still pursuing over $200 million in loans, pledged by regional countries nearly 5 years ago, to revive its stuttering economy. In 2009, following the format...

By Staff reporter | Published: 07 February 2014

ECONOMC INDICATORS

Zim cost of living holds steady

The cost of living as measured by the Consumer Council of Zimbabwe's low income urban earner monthly basket for a family of six decreased 0,56 percent from the December 2013 figure of $564,72 to $561...

By Staff reporter | Published: 07 February 2014

ECONOMC INDICATORS

Zimbabwe trade imbalance widens

Zimbabwe's trade imbalance rose by 16 percent in 2013 in comparison to the previous year, according to figures released by the Zimbabwe National Statistics Agency (ZimStats).The trade deficit stood at...

By Staff reporter | Published: 04 February 2014

AFRICA

Rand remains under pressure

JOHANNESBURG - The rand was slightly weaker against the dollar yesterday and will probably remain under pressure from continuing nervousness about emerging markets.The rand was at R11,1900 to the doll...

By Reuters | Published: 04 February 2014

ECONOMC INDICATORS

Other salient features in the Monetary Policy Statement

• RBZ to resume banker to Government role and host Government's Exchequer Account with effect from March 31 2014.• RBZ and ministry of financing finalizing legal framework for Credit Reference Bur...

By Staff reporter | Published: 29 January 2014

ZIMBABWE

RBZ clamps down on insider loans

The Reserve Bank of Zimbabwe has put in place various measures aimed at reaffirming the role of the central bank and restoring stability to the banking sector.Presenting the Monetary policy statement ...

By Staff reporter | Published: 29 January 2014

ZIMBABWE

RBZ propose interest rates of 8% per year

The Reserve Bank of Zimbabwe monetary policy committee says the proposed interest rate structure of 8% per annum should be utilised as a benchmark for other debt in the market.The RBZ monetary policy ...

By zbc | Published: 28 January 2014

ZIMBABWE

Zimbabwe in November budget deficit

Government spending continues to outstrip revenue inflows with the November consolidated revenue fund statement of financial performance reflecting a $58 million deficit for the month of November 2013...

By Staff reporter | Published: 27 January 2014

ZIMBABWE

Panic withdrawals reduce bank deposits

According to the RBZ November Monthly economic review broad money recorded an annual decline of 0.46% in November 2013, compared to a growth of 3.16% recorded in October 2013.On a month-on-month basis...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

Card based transactions continue to rise

The total value of card based transactions increased by 1.11% to $331.71 million in the month of November, from $ 328.06 million in October 2013.This is based on figures released by the Reserve Bank o...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

Zim's 2014 budget hangs in balance

Funding Zimbabwe's $4,1 billion 2014 National Budget will be a tough task as government's revenue collections continue to shrink, analysts say.This comes as President Robert Mugabe's administration - ...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

Weakening rand sparks outcry

THE weakening of the South African rand against the United States dollar has sparked an outcry in Bulawayo and parts of the southern region with some public institutions now refusing payment in rand.A...

By Staff reporter | Published: 24 January 2014

ZIMBABWE

Zimbabwe to seek debt relief

ZIMBABWE will this year actively lobby creditors to have its $6,1 billion debt written off after completing an audit and validation of the debt last year, Finance and Economic Development Minister Pat...

By Business Reporter | Published: 23 January 2014

ZIMBABWE

Economy sliding towards deflation

THE economy is sliding towards deflation, a situation that could see overall output and competitiveness of industry being affected leading to a decline in employment levels, economists have warned.Def...

By Staff reporter | Published: 20 January 2014

ECONOMC INDICATORS

Zimbabwe inflation declines

THE country's annual inflation shed 0,21 percentage points to end the month of December, 2013 at 0,33 percent due to the low level of growth in prices for goods which in turn implies that economic gro...

By Staff reporter | Published: 16 January 2014

ZIMBABWE

Zim economy to grow 4.2% in 2014, says the World Bank

Zimbabwe's economy will grow by 4.2 percent this year, well short of the government's more upbeat projection as weaker global metal prices weigh on expansion, the World Bank said on Wednesday.Finance...

By Reuters | Published: 16 January 2014

ZIMBABWE

'Zimbabwe economy to grow by 3.4%,' says BMI

Economic think tank, Business Monitor International (BMI), has forecast Zimbabwe's economy to grow by 3,4 percent this year due to limited foreign direct investment in the country.It said the country...

By dailynews | Published: 16 January 2014
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