The government’s exchange rate policies have driven trade to the informal sector, and this is bad news for the tax earnings. In this extract from a recent note to investors, John Legat, CEO of Imara Asset Management, warns that if this trend continues, government coffers will run dry and we may see some casualties in…
Zimbabwe today told United States ambassador Brian Nichols to stop being antagonistic towards the government and use diplomatic channels to air any grievances he might have. Nichols has been accused of supporting anti-government activists who are pushing a regime change agenda through unsubstantiated narratives against Zimbabwe, including that the country was in the midst of
CHAOS in the market including refusal by banks to lend money in ZWL and US$ prompted the enactment of Statutory Instrument 218 of 2023, which effectively extended the use of the multiple currency system to December 2030. Presenting at this year’s pre-budget seminar, held under the theme ‘Consolidating Economic Transformation’, in Mount Hampden, Minister for Economic…
BULAWAYO - Finance and Economic Development Minister Mthuli Ncube has said Zimbabwe’s economy is doing well and Zimbabweans should enjoy the “good times”. Addressing delegates during the Institute of Chartered Accountants of Zimbabwe (ICAZ) convention held in Bulawayo last week, Ncube said the country has experienced a positive rate of growth for three years in…
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