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July 2019

Zimbabwe’s Inflation Now Just Under 200%

By |2019-07-17T07:45:34+02:00July 17th, 2019|

According to ZIMSTAT, the government agency tasked with coming up with statistics in Zimbabwe, the annual inflation rate rose to 175% up from 97% in May.

This is the highest inflation rate we have had in Zimbabwe ever since we adopted the multicurrency system. A system which the government has since ditched as they embraced […]

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Harare City Council Hikes Clamping Fines By 1 000%

By |2019-07-12T08:48:15+02:00July 12th, 2019|

Harare City council have made an eye-popping adjustment to clamping fees in their latest supplementary budget which was approved and adopted yesterday.

Clamping fees were increased by 1 000% and from now onwards light vehicles will have to pay fees of $500 ZWL instead of the current $40. If your vehicle is towed away instead, […]

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Zimbabwe Needs US$34 Billion To Restore Infrastructure-AfDB

By |2019-07-12T08:28:26+02:00July 12th, 2019|

Over the past two decades, Zimbabwe’s infrastructure has hardly seen any investment. According to an AfDB economist, Zimbabwe will require US$34 billion over the next decade to restore its road, rail, aviation, energy, ICT and water and sanitation infrastructure to proper working condition.

AfDB’s principal country economist, Walter Odero while speaking at the […]

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Government Wants To Hike ZESA Tariffs And Fuel Prices Soon

By |2019-07-12T07:54:37+02:00July 12th, 2019|

Finance Minister Mthuli Ncube has revealed is now amenable to an immediate power tariff increase, after being initially against the idea. This means that the government could end up increasing ZESA tariffs soon.

The Finance Minister said this during an event hosted by Newsday founder Trevor Ncube:

The power situation […]

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Ditch The Black Market, As The Intermarket Rate Exceeds Black Market Rates

By |2019-07-03T06:57:17+02:00July 3rd, 2019|

Last week on Monday when Statutory Instrument 142 of 2019 was introduced the US dollar was trading at around $13 against the RTGS dollar of late the Zimbabwean Dollar. That is according to Zimbollar and Marketwatch.

The rate took a wild tumble as panicked sellers rushed to ditch the dollar. Black market dealers took […]

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ZESA Blames Spike In Demand For Increase Load Shedding

By |2019-07-03T05:55:52+02:00July 3rd, 2019|

Most of areas in Zimbabwe are spending at the very least 17 hours without power. Except a lucky few who are part of critical circuits such as those connecting hospitals who have been spared the brunt of powercuts.

Despite this knowledge if you think recent load shedding hours feel like they have increased you are […]

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June 2019

RBZ Clarifies Effects Of Zim Dollar Return, Forex Essentially Banned

By |2019-06-26T06:50:31+02:00June 26th, 2019|

There were a lot of confusing things in Statutory Instrument 142 of 2019 which was gazetted on Monday and essentially scrapped the multicurrency system we had relied on since 2009 when we ditched the old Zim dollar.

For example will people be still allowed to demand to be paid in USD or any other […]

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What Is Legal Tender And Other Frequently Asked Questions About Zimbabwe’s New Dollar

By |2019-06-25T04:52:20+02:00June 25th, 2019|

So yesterday the government of Zimbabwe officially introduced the Zimbabwean dollar as our new currency and sole legal tender. Here are answers to some of the burning questions you might have.

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The Zimbabwean Dollar Is Now Officially Back

By |2019-06-25T04:19:19+02:00June 25th, 2019|

Yesterday, the government sprung a surprise, they gazetted Statutory Instrument 142 of 2019, which scrapped the multicurrency system Zimbabwe has been using for more than ten years and made the Zimbabwean dollar the sole legal tender of Zimbabwe.

Laying the groundwork

For the past few weeks, various principles in the Zimbabwean […]

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