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czi

‘Zimdollar on the brink’

Zimbabwe’s largest business group has warned that the economy faces collapse if the government insists on foisting the rapidly weakening local currency on the market when it is obvious that it is no longer viable.
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Forex backlog dents machinery imports

Zimbabwe’s industries are still battling to access millions of United States dollars allocated through the foreign currency auction system, Confederation of Zimbabwe Industries (CZI) president, Kurai Matsheza told NewsDay Business…
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Zimbabwe approaching point of no return

Long-suffering Zimbabweans should brace themselves for more price hikes and shortages of basic goods, after stressed companies said that they were left with an average of about 10 days’ worth of supplies of raw materials used in the…
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Zim fuel still remains highest in Sadc

Fuel costs in Zimbabwe are still much higher than anywhere else in the region even after government decreed fuel retailers to cut the price of petrol and diesel by up to 7,5 percent after a tax cut, economic experts have said.
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