Zim's central bank restricts mines from sending earnings out the country

Peta Thornycroft|Published

Zimbabwe?s central bank has restricted platinum and chrome mining companies from sending 80% of earnings out the country.

Bond Notes won't solve Zim economic crisis

Peta Thornycroft|Published

Zimbabwe?s cash crisis is not getting any better and the IMF says its new local currency, known as Bond Notes, is not going to fix its chronic financial problems. ...

Zimbabwe - money (or lack of it) again

Peta Thornycroft|Published

Within five days of issuing a new currency in Zimbabwe, the cash ran out at commercial banks in many parts of the country.

Bond notes: Zimbabwe’s answer to cash woes?

Peta Thornycroft|Published

The Zimbabwean government is optimistic that the country’s new bond notes will ease the prevailing liquidity crisis.

Zimbabwe must accept rand payments

Peta Thornycroft|Published

Zimbabwe's finance ministry gives government departments and state-owned enterprises until June 30 to ensure they can process payments in rand.

Zim cuts retirement age as cash runs out

Peta Thornycroft|Published

Zimbabwe is so desperate for cash it has cut the retirement age for members of its enormous uniformed forces from 60 years to 50.

Zimbabwe resorts to bond notes amid cash crunch

Peta Thornycroft|Published

Zimbabwe is set to introduce a new form of cash - “bond notes” - within the next two months.

Once again Zimbabwe is short of cash

Peta Thornycroft|Published

Central bank governor John Mangudya appealed to the public to limit their use of cash and opt for plastic money.

Mugabe’s ministers at odds over indigenisation of banks

Peta Thornycroft|Published

Zimbabwe’s indigenisation minister says depositors’ funds at foreign-owned banks are not safe - a view contradicted by the country’s finance minister.

Ray of hope for evicted Zim farmers

Peta Thornycroft|Published

Scores of white Zimbabwe farmers who were evicted from their land since 2000 met in Harare yesterday for a briefing on compensation.

Zim land grab is over

Peta Thornycroft|Published

Zimbabwe's traumatic 16-year long land grab is over, according to the country's Minister of Lands, Douglas Mombeshora.

Econet sues Zimbabwe

Peta Thornycroft|Published

Econet Wireless went the Harare High Court seeking an order to force the government to pay it about more then R2 billion in damages.

Did Zimbabwe get ‘grey’ chicken?

Peta Thornycroft|Published

Zimbabwe Poultry Association says much of the chicken imported from SA in 2015 may have been “expired”.

Zim's economy potentially smoked

Peta Thornycroft|Published

Zimbabwe’s tobacco industry is surviving, yet the economy continues to deteriorate.

Zimbabwe looks to Xi for ‘mega deals’

Peta Thornycroft|Published

Chinese President Xi Jinping’s trip to Zimbabwe creates expectancy of big deals, writes Peta Thornycroft.

Tongaat staff strike in Zim

Peta Thornycroft|Published

More than 16 000 workers from the Zimbabwe division of South African sugar giant, Tongaat Hulett, have gone on strike over wages.

18 000 Zimbabwe workers sacked

Peta Thornycroft|Published

At least 18 000 workers have been fired after a Supreme Court ruling made it legal to dismiss employees with no benefits.

Harare diamond mines to merge

Peta Thornycroft|Published

Controversial alluvial diamond mines at Marange in eastern Zimbabwe, most of which have stopped or greatly reduced operations, will be merged into one company.

Query about Mugabe heir irks minister

Peta Thornycroft|Published

One of President Robert Mugabe’s cabinet ministers lost his temper with a group of potential foreign investors last week when one of them, from the House of Lords, ...

Zimbabwe allows white farmers back

Peta Thornycroft|Published

Reformist Lands Minister says "new" farmers may now enter joint ventures with white people.

Meikles AGM fails to reassure shareholders

Peta Thornycroft|Published

The Herbert Baker-designed Victoria Falls Hotel is doing well for the Meikles brand as tourists return to Zimbabwe.

Russians start $3bn mine in Zimbabwe

Peta Thornycroft|Published

Russian investors have started a new $3 billion platinum mine about 50km north-west of Harare in Zimbabwe.

Unlucky 13th trip to China for Mugabe

Peta Thornycroft|Published

President Robert Mugabe was showered with praise but not with banknotes on his 13th trip to China in search of financial rescue.

Zim civil servants wait for salaries

Peta Thornycroft|Published

Many Zimbabwe civil servants are holding their breath this weekend, hoping their delayed salaries will show up in their bank accounts tomorrow.

Zim backtracks on indigenisation

Peta Thornycroft|Published

The grim reality of Zimbabwe’s deepening financial crisis has forced the 90-day-old Zanu-PF government to back away from its recent election campaign to “indigenise” ...