Liquidity crunch vexes battered Zim
By the end of March, the Zimdollar had plummeted to US$1:ZW$22 055,47, down from US$1:ZW$6 104,72 at the end of 2023.
By Tatira Zwinoira
Dec. 20, 2024
2024 year of turmoil, monetary chaos
The weakening ZiG has also raised the cost of doing business in terms of increases in taxes, fees, and regulatory costs, as well as production and servicing expenses.
By Tafadzwa Mhlanga
Dec. 20, 2024
Negative impact of illicit financial flows (III)
When companies under-declare their profits due to IFFs, the government will collect much less revenues than it would have collected, if the companies had chosen to be honest.
By Kevin Tutani
Dec. 13, 2024
Looking ahead: Will currency stability be guaranteed in 2025?
A larger economic base helps mitigate the downsides associated with wider budget deficits and the need to monetise the funding gap through expensive debt or simply printing currency.
By Equity Axis
Dec. 13, 2024
Economic stakeholders bemoan liquidity crisis
The annual survey, held under the theme “Weaving Through a Dynamic Liquidity Terrain”, was sponsored by First Capital Bank Zimbabwe.
By Tafadzwa Mhlanga
Dec. 13, 2024
Revisit export retention threshold: UNDP
Local exporters are required by law to surrender the remaining 25% to the Reserve Bank of Zimbabwe in exchange for local currency.
By Tafadzwa Mhlanga and Takudzwa Munemo
Dec. 11, 2024
Zim’s gold curse: Fighting environmental devastation
In regions like Murehwa and Marange, forests are cleared to access gold deposits, resulting in habitat loss and diminished carbon sequestration.
By Constantine Chikosi
Dec. 6, 2024
Govt bans alluvial mining.
This comes hardly a month after two Chinese companies were banned from engaging in alluvial gold mining along Sanyati River that borders Hurungwe and Nyaminyami districts.
By Nhau Mangirazi
Dec. 2, 2024
Tourism feels the heat as ZiG falters
The central bank devalued ZiG by 43% on September 27, after it struggled to hold ground against major currencies, five months after introduction in April.
By Julia Ndlela
Nov. 29, 2024
