Source: Blessed Mhlanga, NewsDay Original article URL FORMER Finance minister and opposition PDP leader, Tendai Biti has warned the country is headed for a civil war or possibly a military coup due to the imploding economy, which is saddled with a massive $12 billion domestic and sovereign debt. Presenting an alternative PDP State of the […]
Banks face fight over ‘extortionate’ charges
Source: Blessed Mhlanga, NewsDay Original article URL LAWYERS, among them Fadzayi Mahere, are set to launch a class action aimed at forcing banks to reduce exorbitant charges, which they say are tantamount to daylight robbery. Mahere said the charges imposed by banks were extortionate and grossly unreasonable especially given the withdrawal limits forced on depositors. […]
8 international organizations condemn human rights violations in Zimbabwe
Source: Gibbs Dube, VOA Zimbabwe Original article URL Several human rights organizations say Zimbabwe should respect and protect the right to freedom of peaceful assembly, participation in political and governmental affairs, and personal integrity. In a joint statement to mark Human Rights Day on Saturday, Amnesty International USA (AIUSA), Freedom House, Friends of Angola Front […]
‘No coalition with Zanu PF proxies’
Source: Everson Mushava & Blessed Mhlanga, NewsDay Original article URL Uncertainty continues to dog the proposed coalition of opposition parties, with MDC-T leader, Morgan Tsvangirai and his Zimbabwe People First (ZimPF) counterpart, Joice Mujuru yesterday saying they suspected Zanu PF’s involvement in railroading other opposition leaders to seal the deal. Tsvangirai and Mujuru, who both […]
‘Shallow’ budget adds to Zim’s misery
Source: Veneranda Langa, NewsDay Original article URL FINANCE minister Patrick Chinamasa yesterday announced desperate measures to bankroll the 2017 National Budget, with strange proposals to further tax airtime and mobile data to fund the health sector, while keeping mum on the contentious issue of payment of bonuses for civil servants. In his $4,1 billion budget, […]
NTA Zim’s best bet for economic recovery – President Biti
Source: People’s Democratic Party (PDP) The National Transitional Authority (NTA) is Zimbabwe’s best bet to guarantee that Zimbabweans break from the current unprecedented levels of suffering, President Tendai Biti has said. President Biti made the call today while during his presentation on the State of the Economy Address at the People’s Democratic Party (PDP) offices […]
State of the Economy Address (SEA) by the President of the People’s Democratic Party (PDP) President
Source: Tendai Biti, People’s Democratic Party Download full document – Word Doc (262 KB) – PDF (1.6 MB) Introduction As 2016 draws to an end, the Zimbabwean economy continues to be mired and arrested by a crippling crisis of confidence that is anchored on the structural issues of low productivity, deflation, stagnation and a corrosive […]
Analysts tear into Chinamasa’s anti-poor budget
Source: Everson Mushava, NewsDay Original article URL The 2017 National Budget announced by Finance minister Patrick Chinamasa yesterday is silent on how the government will address structural challenges like its huge workforce to free fiscal space and issues around improving the macro-economic environment, analysts have said. The budget proposed the introduction of tax on airtime, […]
Zimbabwe’s cash shortage is putting women’s health on the line
Source: Tendai Marima, Huffington Post Original article URL Zimbabwe’s recession has seen banks unable to dispense cash and public services suffering from a severe lack of funding. As women skip medical treatments so they can line up for cash, they pay the price with their health. BULAWAYO, Zimbabwe – Around a dozen people lay on […]
RBZ to release $7 million in bond notes
Source: NewsDay Original article URL The Reserve Bank of Zimbabwe (RBZ) will this week release a second tranche of bond notes worth $7 million, as it pushes ahead with the currency. The release will be the second inside two weeks, following the introduction of bond notes worth $10 million last Monday. In a statement yesterday, […]
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