Introducing a new currency was Zimbabwe’s only viable option

Introducing a new currency was Zimbabwe’s only viable option

By Prof Mthuli Ncube Zimbabwe, the country I serve as finance minister, has been in the news for restricting the use of the US dollar and other international currencies as legal tender. Why would we want to return to our own currency, given such recent, home-made, experience of monetary turmoil? The answer can be found in our recent history. Following hyperinflation at the close of 2009, and to stem the instability produced by bad governance and fiscal ill-discipline, a mixture of other nations’ bills — the US dollar, British pound,…

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#MatterOfFact Zimbabweans Enjoying Best Data Prices in Africa

#MatterOfFact Zimbabweans Enjoying Best Data Prices in Africa

Unlike what most reports have been touting lately on Zimbabwe mobile data bundles being the most expensive in the world, TechnoMag can confirm in light of research conducted, that in actual fact Zimbabwe enjoys the best data prices in Africa. The data rates which were packed by Potraz last year when they engaged the German company, Detecon to account for the emerging market trends and changing of consumer behaviour moving from voice to data, reveal that Zimbabwe charges had been reduced to 5 cents per megabyte from 12,5 cents, while…

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SMEs are open for business

SMEs are open for business

By Lucy Tandi “ZIMBABWE is open for business” is the mantra by President Emmerson Mnangagwa to attract Foreign Direct Investment (FDI). The move has been welcomed by the captains of industry and commerce as an avenue for economic growth. Small to Medium Enterprises (SMEs) in Zimbabwe are open for business and ready to engage regional and international investors. SMEs make up more than 70 percent of all businesses; employ 60% of the country’s workforce while contributing above 50% to Zimbabwe’s GDP. 85 percent of Micro-SMEs remain unregistered who include mostly…

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Price controls, tinkering with the deck when the titanic is sinking

Price controls, tinkering with the deck when the titanic is sinking

By Jacob Mafume AN unrelenting inflationary environment has characterised our economy for over three months, the surge of prices has become one of the biggest challenges in the lives of Zimbabweans. Any attempt to mitigate the effects of the scourge or combat inflation must normally be applauded; ZANUPF however brings a new twist to the whole matrix. The ZANUPF politburo resolution on inflation is rather scary than it can be reason for celebration. In lightning speed fear takes the citizen back to 2007 when the effects of price controls almost…

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Is Joice Mujuru destined for the bin?

Is Joice Mujuru destined for the bin?

By Daniel Chigundu JOICE Mujuru is one politician in the country who would like to quickly forget the month of November and December owing to developments that saw several of her party supporters resigning in numbers at a time when others are consolidating. The veteran liberator who was sacked from Zanu PF a few years ago on allegations of trying to usurp power, has not had it easy since the death of her powerful and cunning husband general Solomon Mujuru who is believed to have been the force behind her…

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The burden that Auxillia Mnangagwa has

The burden that Auxillia Mnangagwa has

By Daniel Chigundu ZIMBABWE for the first time since independence in 1980 has a First-lady who is also an elected legislator, Auxillia Mnangagwa representing Chirumanzu-Zibagwe Constituency in the National Assembly. Mnangagwa’s first-lady role comes at a time when women are facing a lot of challenges which they are trying to address using Parliament but have been let down by delays from the executive and other arms of government. The current topical issue is that of access to sanitary pads whose prices shot-up a few weeks ago owing to various challenges…

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We dare to hope

We dare to hope

By Ndafadza Madanha SEVEN days ago to imagine President Robert Mugabe under the custody of the military and the bulk of the G40 cabal languishing in military barracks or on the run would have certainly passed for thoughts of the mentally deranged. Seven days ago President Mugabe was in cruise control he had just got rid of his deputy and seemed to have easily ridden out the headwinds that followed his actions affirming his position as the sole center of power in his party. A week ago he was attending…

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Carnival is not about Zim culture or Zodwa

Carnival is not about Zim culture or Zodwa

By Staff Reporter THERE seems to be a misunderstanding that the Harare International Carnival is a Zimbabwean culture show and that the 2017 street party scheduled for the 9th of September is all about South Africa’s Zodwa Wabantu. For starters, the carnival is not a celebration of Zimbabwe culture but an international celebration of cultures, Zimbabwean and other countries included. It is a celebration of diversity, where people will be celebrating being different and not judging each other’s culture or acts. Carnival is not about morals or lack of them…

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It’s that time again …as Chinamasa reviews his budget and 2017 economic outlook

It’s that time again …as Chinamasa reviews his budget and 2017 economic outlook

By Daniel Chigundu FINANCE and Economic Development Minister Patrick Chinamasa tomorrow (July 20, 2017) comes face to face with the nation in Parliament to explain the performance of his US$4.1 billion budget, amid a worsening liquidity crisis. Zimbabwe is going through tough times economically as can be evidenced by company closures, massive informalisation of the economy and unending long queues at banks across the country. So dire is the situation in the country that people have had to sleep at banks in the hope of getting an opportunity to withdraw…

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Roadblocks reduction welcome but…

Roadblocks reduction welcome but…

By Daniel Chigundu THE decision to reduce the number of roadblocks in our roads across the country is a welcome move that was long overdue as it had become an avenue of corruption by the police. These roadblocks had surprisingly converted every police officer into a Traffic Cop, leaving no one to attend to other crimes around the country as they were not lucrative as compared to being at roadblocks. Surprisingly even though these roadblocks were being mounted almost every 10 kilometres that did not help in reducing road carnages…

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