Govt. Warned: ZW$18 billion stimulus package will stoke inflation

By Staff Writer President Emmerson Mnangagwa has announced a ZW$18 billion stimulus package for the economy which took a cough due to the COVID-19 pandemic. Experts have however warned that while the package is long overdue, the rescue plan could result in money supply growth which is inflationary and could also fuel corruption in the …

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Mr President, this will not work, says experts

By Staff Writer The government on Wednesday gazetted a new piece of legislation that would result in tenants deferring residential rentals while would-be homeowners would also delay in making payments for mortgages but market players and experts have warned that the move could have far-reaching consequences on Zimbabwe’s fragile economy. According to SI 96/2020, property …

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Mr President, this will not work, says experts

By Staff Writer The government on Wednesday gazetted a new piece of legislation that would result in tenants deferring residential rentals while would-be homeowners would also delay in making payments for mortgages but market players and experts have warned that the move could have far-reaching consequences on Zimbabwe’s fragile economy. According to SI 96/2020, property …

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Debt relief could save Zim firms post-COVID-19, says ZNCC

By Staff Writer Zimbabwe companies are in need of debt restructuring and re-negotiations on property rentals to extricate themselves from the after-shocks of the COVID-19 pandemic, an official representing the country’s commerce has said. Chris Mugaga, Zimbabwe National Chamber of Commerce (ZNCC)CEO said, the best stimulus the country needs is a three-phased approach which includes …

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Debt relief could save Zim firms post-COVID-19, says ZNCC

By Staff Writer Zimbabwe companies are in need of debt restructuring and re-negotiations on property rentals to extricate themselves from the after-shocks of the COVID-19 pandemic, an official representing the country’s commerce has said. Chris Mugaga, Zimbabwe National Chamber of Commerce (ZNCC)CEO said, the best stimulus the country needs is a three-phased approach which includes …

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Enter the new type of vendors, as Harare defy COVID-19 lockdown

By Staff Writer It’s 7 o’clock in the morning and many people are already queuing outside OK Supermarket in Avonlea waiting for the shop to open. After enduring the first 21-day lockdown, many are now accustomed to the drill-while queuing stay a metre apart, get your body temperature checked and the shop assistant sprays hand …

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Mnangagwa extends lockdown by 14 days, exempts mining sector

By Staff Writer President Emmerson Mnangagwa has extended the lockdown period by another two weeks while at the same time relaxing measures for the mining sector as the country steps up efforts to curb the spread of COVID-19 In his speech, President Mnangagwa said “Government has decided to extend with immediate effect the national lockdown …

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ZNCC pushes for partial lockdown, as local firms lose over ZW$5m during lockdown

By Staff Writer More than a quarter of Zimbabwe’s businesses could have lost up to ZW$5 million each in potential revenue since the government announced a 21-day lockdown to slow down the spread of COVID-19, a new study by the Zimbabwe National Chamber of Commerce (ZNCC) has shown. Zimbabwe enforced a national lockdown on Monday …

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