Economy

Zim opposition, unions scoff at VP’s 2.2 million jobs claim – report

Zim opposition, unions scoff at VP’s 2.2 million jobs claim – report

Zimbabwean opposition parties have reportedly rubbished claims by Deputy President Emmerson Mnangagwa that the government had created more than 2.2 million jobs. According to the state-owned Chronicle newspaper, Mnangagwa said that the government had exceeded President Robert Mugabe’s 2013 election promise of creating 2 million jobs. On the sidelines of a […]

Zimbabwe has relied on 'bond notes' since economic mismanagement rendered its own currency worthless

Alarm as government mulls Z$ return

There is widespread panic among both businesses and ordinary Zimbabweans alike, after President Robert Mugabe’s ever-floundering government ill-advisedly announced last Tuesday that it was working on “a plan” to use gold reserves to anchor the reintroduction of the much-derided Zim dollar. The poorly-conceived announcement came as the country is battling […]

Zimbabwe: No Cheer for Zim Workers On May Day

Zimbabwe: No Cheer for Zim Workers On May Day

THE statistics paint a gloomy picture: a total of 816 employees have been retrenched and five companies applied for liquidation and another for judicial management in the first quarter of 2017, according to the Employers Confederation of Zimbabwe (Emcoz). Meanwhile, statistics from the Zimbabwe Congress of Trade Unions (ZCTU) show that […]