THE government’s fresh flirtation with dollarisation — coupled with the growing reluctance by many retailers to accept the local currency — has revived the debate about the merits of Zimbabwe using the South African rand more. (more…)

CBZ Bank, one of Zimbabwe’s eminent banks, has “joined the gold fray”, as one of its clients Freda Rebecca (Freda) is using its halls to acquire bullion from small-scale miners, officials say. (more…)

ZIMBABWE'S foreign currency auctions, which have seen the local dollar trading at 57 to the greenback, are unlikely to save the local unit from its plunge, as a number of factors remain unresolved, analysts say. (more…)

Zimbabwe Energy Regulatory Authority (Zera) acting chief executive, Eddington Mazambani says it is not sustainable for the government to maintain subsidies on fuel noting that the industry requires a cost reflective pricing model. (more…)

THE Zimbabwe dollar could collapse within the next four months, under pressure from subsidies, pay hikes and other stimulus packages being rolled out to stabilise volatile markets, a top economist has said. (more…)

ZIMBABWE’S power production dipped 22 percent to 1 293, 86 Gigawatt hours (GWh) in the first quarter compared to the same period last year due to a number of operational challenges. (more…)

THE fuel prices will go up by as much as 152 percent today, the energy regulator said, after the government removed a fixed exchange rate in place since March. (more…)

PANICKY retailers and suppliers have started rejecting coins, $2 and $5 bond notes as the local currency continues to collapse on the country’s active black market, demanding, instead, to be paid in the much more stable United States (US) dollar. (more…)

THE Reserve Bank of Zimbabwe (RBZ) is on Tuesday expected to launch its market-based foreign exchange system and auctions, about 16 months after Finance minister Mthuli Ncube started introducing his currency reforms and exactly 96 days after announcing the Reuters trading system. (more…)

ZIMBABWEAN companies and consumers are facing severe pressure from rising cost of living as well as effects of the coronavirus pandemic, analysts have warned. (more…)