Zimbabwe is not creating enough jobs and the few that are being created are of low value statistics released by Zimbabwe National Statistics Agency (ZimStat) on Monday revealed. According to ZimStat the rate of unemployment in the country increased to 21 percent in the 3rd quarter of 2023 compared to 20,1 percent prior year comparative.…
Finance and Investment Promotion Minister, Professor Mthuli Ncube, has reiterated that his ministry will continue to strive for price and exchange rate stability in the economy following his re-appointment to head Treasury once again. Mthuli, who now has the additional mandate of promoting investment into the country, said he will continue to pursue tight fiscal…
Close RBZ and officially adopt US dollar, gvt urged zwnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zwnews.com Daily Mail and Mail on Sunday newspapers.
Economic agencies that are betting against Government policies are likely to suffer heavy losses as Treasury remains adamant that the current policy measures and the firming local currency trajectory will continue for longer. Some businesses are still using exchange rates of between $8 000 and $11 000 per greenback in their pricing despite the official…
THE slump in aggregate demand and now in production that local retailers and manufacturers are reporting, is testimony that calls for full dollarisation of the economy are misplaced, Business Weekly can reveal. Last week, this publication reported that the depreciation of the Zimbabwe dollar in the past few weeks has massively eroded consumer buying power,…