‘ZiG powerless to fight cost-push inflation’

In April, RBZ governor John Mushayavanhu introduced a new currency, Zimbabwe Gold (ZiG), which is backed by gold and forex as part of measures to stabilise the economy.
By Tatira Zwinoira Jun. 7, 2024

ZB urges SMEs to embrace ZiG

The new currency, launched in April this year, has done little to address change challenges in the market among other issues.
By Margaret Lubinda Jun. 5, 2024

Money changers raids: Tenants suffocate over rentals

The raids on illegal foreign currency dealers, popularly known as money changers, in various cities and towns to protect the ZiG has negatively impacted tenants.
By Innocent Magondo Jun. 5, 2024

ZiG fails to solve change woes

Backed by foreign exchange reserves, precious metals, and valuable minerals, the ZiG was presented as a solution to Zimbabwe’s longstanding economic woes.
By Mark Mtombeni Jun. 2, 2024

ZiG is backed by threats and other harassment means

Consequently, the indignant repression on money changers. Their clampdown is disproportionate to the catch and release of corruption and illicit financial flows practitioners.
By Cyprian Muketiwa Ndawana May. 29, 2024

Waiting for the elusive ZiG

The local market bustles with activity, as farmers and traders engage in lively bartering — exchanging maize for soap, or vegetables for school supplies.
By Problem Masau May. 29, 2024

Govt threatens to sanction businesses

In an interview recently, Finance, Economic Development and Investment Promotion minister Mthuli Ncube warned businesses against using a rate above the official one.
By Priviledge Gumbodete May. 28, 2024

Mnangagwa caught between words and wallet

Masuka was wearing some khakhi farming clothes at the function.
By Evans Mathanda May. 28, 2024

Cable demand strong: Cafca

The company continued to hedge against inflation by having adequate stocking of finished goods.
By Staff Writer May. 24, 2024