Browsing Tag

John Mangudya

Stressed Zim cries for rands

With the current acute cash crisis worsening by the day, experts have made renewed calls for the country to adopt the South African rand as Zimbabwe’s anchor currency, to stem an impending economic implosion.

RBZ deploys crack team on retailers

By Golden Sibanda The Reserve Bank of Zimbabwe says it has deployed teams on the ground to deal with issues of indiscipline by some traders who have insisted on multi-tier pricing for different modes of payment. RBZ Governor Dr John…

Cash crisis hits Zim tobacco farmers

Scores of tobacco farmers spent the Easter and Independence holidays at the three tobacco auction floors in Harare, while waiting for their banks to release cash upon their reopening on Wednesday. While some of the farmers had to seek…

Mixed views on rand adoption

By  Gift Phiri Proposals  for Zimbabwe to adopt the South African rand as the major instrument of trade amid growing United States dollar shortages has attracted mixed views, with some economists firm that it will boost the economy while…