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By Shame Makoshori Zimbabwe has lost US$144 billion in potential revenue from the mining sector since 2009, largely due to a plethora of problems, among them a power supply crisis, punitive tax regime and investor fatigue caused by unfriendly laws, the Financial Gazette can report. Volatile commodity prices are also said to have played a […]
By John Kachembere and Ndakaziva Majaka As Zimbabwe’s economy continues to die, the business community has joined ordinary citizens in rejecting the government’s imminent introduction of the much-distrusted bond notes, advocating instead greater use of the South African rand. In its contribution to ideas for the 2017 national budget, the influential Confederation of Zimbabwe Industries […]
By Ndakaziva Majaka As jittery ordinary Zimbabweans wait with bated breath for the introduction of bond notes next month, the Reserve Bank of Zimbabwe (RBZ) has warned of worsening cash shortages ahead, in a further dose of bad news for the country’s dying economy. This comes as the current severe cash shortages have seen desperate […]