John Mangudya

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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After pursuing the moral suasion route on the issue of capitalisation, RBZ governor John Mangudya said in last week’s monetary policy statement (MPS) that shareholders would have to forgo dividends if their firms failed to meet the new…
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Zimbabwe now has the highest fuel prices in the Southern African Development Community compared to regional peers, which are charging significantly lower prices.
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Resurgent inflationary pressures came at a time when authorities had been successful in taming inflation from a post-dollarisation high of 837,5 percent in July last year to a two-year low of just over 50 percent in June this year.
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Separately, Reserve Bank of Zimbabwe governor Dr John Mangudya has said the central bank is planning to facilitate the establishment of mobile Bureau de change in different parts of the country to ensure that the facility that allocates…
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The RBZ will this week meet producers and retail outlets to deliberate on solutions to weed out the black market pricing of goods.
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Out of the US$2 billion dispensed by the Central Bank through the auction so far, nearly US$132 million has gone towards supporting medical and chemicals imports.
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The bulk of the country’s foreign currency earnings come from export proceeds, development partner support and diaspora remittances.
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The Reserve Bank of Zimbabwe (RBZ) has said it is maintaining cash withdrawal limits at levels set in February as the banking sector has done well to promote digital banking in the wake of Covid-19 pandemic.
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Opposition MDC Alliance vice-president Tendai Biti has disputed the International Monetary Fund (IMF) report that recognised progress towards resuscitating Zimbabwe’s economy, claiming that it was based on assumptions and not factual…
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