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Mail & Guardian
reserve bank of zimbabwelatest news & developments
The financially embattled SAA pulled a no-show on Tuesday, failing to attend a meeting with parliament’s standing committee of public accounts.
(Delwyn Verasamy)

SAA in talks to recoup R350-million in blocked funds from Zimbabwe

The cash-strapped national carrier is in the process of recouping its blocked funds from Zimbabwe, which could go towards financing the airline’s business rescue plan

The Côte d’Ivoire was plunged into political violence in the aftermath of a bitterly contested presidential election that pitted Simone Gbagbo against Ouatarra, who eventually won out. (Luc Gnago/Reuters)

The case for investment in Zimbabwe’s economic rebirth

Encouraged by the positive sentiment of recent weeks, the Reserve Bank of Zimbabwe now predicts 4% GDP growth in 2018.

Last week a student protest at the University of Zululand led to a police van being petrol bombed.

Zimbabwe’s financial system is living on borrowed time —and borrowed money

Years of political instability and economic mismanagement under the rule of ZANU-PF have left Zimbabwe’s financial system in chaos

The RBZ’s funds ran dry after previous governor Gideon Gono splurged on the political elite and peasant farmers alike.

Taxpayers expected to rescue Zimbabwe’s Reserve Bank

Political largesse broke the Reserve Bank of Zimbabwe; now the state wants the public to fill up the coffers, but they are not amused.

Zimbabwe’s central bank governor John Mangudya. (AFP)

Zim: Moves to calm jittery banks

Foreign-owned financial institutions have indicated that they will withdraw if forced to indigenise.

Zim: Rescue plan falls through

The Reserve Bank plan to inject liquidity into the economy with a $100m interbank trade facility is dead in the water. So now what?

Zim needs to know its yen from its yuan

Zimbabwe is now the only country to use nine currencies as legal tender, but this is likely to lead to headaches for consumers and traders.

Zim banks fear having to pay for forex raid

A court has told a bank to return money taken by the Reserve Bank, which has raised fears about a possible flood of legal suits against banks.

Zimbabwe’s Indigenisation Minister Saviour Kasukuwere

Zim empowerment: Cambria’s indigenisation proposal under fresh scrutiny

After giving Cambria’s indigenisation plan a thumbs-up last May, Zimbabwe’s indigenisation ministry is now reassessing the company’s proposal.

The old Zimbabwe dollar was abandoned for the US dollar in 2009.

Liquidity crisis puts Zim economy at risk

Warning bells are sounding in Zimbabwe as cheap imports replace locally made products and the manufacturing sector stagnates.

Zimbabwean depositors shun banks

Zimbabwean depositors shun banks

Unstable policies have resulted in Zimbabwe’s citizens relying more on cash and shying away from depositing their money in banks.

State says fuel price increase out of its hands

Zimbabwe’s inflation figures don’t add up

Zimbabwe’s annual inflation rate remained unchanged at 4.3% in February, according to official statistics.

Zimbabwe’s reserve bank up to its ears in debt

The Reserve Bank of Zimbabwe is severely hamstrung by a debt bill of $1.5-billion.

Zim central bank lays off hundreds of employees

Zimbabwe’s central bank laid off three-quarters of its workforce — more than 1 400 employees — on Friday to cut costs, state media reported.

Zim central bank to cut 1 600 jobs

Zimbabwe’s central bank will lay off 74% of its workers as part of a drive to return focus to its core role as a monetary authority.

Zim gold output sinks 64%

Zimbabwe’s gold production plunged by 64,5% in October compared with the same period last year, underscoring the woes of the once vital industry.

Production plummets at last Zim diamond mine

Murowa Diamonds — Zimbabwe’s sole operating diamond miner — recorded a 40% drop in production in 2007, owing to frequent power failures and machine breakdowns, the company said.…

Inflation shock? Not for cynical Zimbabweans

Simon Kamunhukamwe just shrugged when Zimbabwe’s official inflation figure topped 26 000%. Exploding prices have become a part of life and protesting against the economic…

Gono fails to name-and-shame cash barons

Zimbabwe’s bank chief Gideon Gono did not hold his long-awaited name-and-shame meeting with a parliamentary committee this week because Parliament has adjourned until April,…

Zimbabwe to introduce new banknotes

New banknotes, including a Z$10-million bill, will go into circulation in inflation-ravaged Zimbabwe this week, the central bank’s governor said on Wednesday. Less than a month…