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zimbabwe cash crisis

ZCTU, police head for nasty showdown

A showdown is looming between police and Zimbabwe Congress of Trade Unions ZCTU) after the latter filed a court application yesterday seeking to be granted permission to carry on with their demonstration over the recently introduced tax…
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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…
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Devaluing by stealth

By Eddie Cross Since the end of 2015, the country has seen its cash crisis escalate to the point today when Banks cannot pay out clients more than a small proportion of what is in their accounts. In a “normal” economy this would…
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Fuel dealers reject plastic money

By Jeff Chinembiri | Harare Bureau | Fuel dealers in Harare are demanding cash at fuel stations, snubbing plastic money and mobile payment platforms like Ecocash due to fear of losing savings to the impending bond notes.…
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