Letter to my people: Of Mnangagwa’s empty Sona and ZiG delusions
Given how the funny money has depreciated so rapidly, it is hard to believe that it is backed by anything, but hot air.
By Doctor Stop It
Oct. 6, 2024
Trade unions gun for US dollars as ZiG implodes
Government has also dithered on increasing salaries of its workers, and many of them say they are finding it tough to survive.
By Tatira Zwinoira
Oct. 4, 2024
It’s back to the old, tired ‘sanctions’ mantra again
That is when one realises that these people are not their own masters, but mere string-puppets playing to their masters’ tune.
By Muckracker
Oct. 4, 2024
Gold rush gone wrong
From April to late September, ZiG maintained relative stability on the interbank market, depreciating by a modest 3% against the US dollar.
By Tinashe Duma
Oct. 4, 2024
Save us from 2008 scenario
The local currency is fast becoming irrelevant, with some players in the informal sector shunning it.
By Newsday
Oct. 3, 2024
No proper communication system at Town House: Cllrs
Ward 41 councillor Kudzai Kadzombe said Chisango’s suspension was all over social media, but councillors as the employer were unaware of it.
By Gracious Daniel
Oct. 3, 2024
Mnangagwa’s Sona headache
The move wiped off salaries and profit margins for businesses, triggering memories of the 2008 economic crisis that led to the scrapping of the local currency.
By Lawrence Maphosa and Takudzwanashe Mangongera
Oct. 2, 2024
When hubris overrides national interest: The failure of the ZiG
A currency must exist within a stable macroeconomic environment to thrive; without such stability, no amount of gold backing can salvage its value.
By Gary Gerald Mtombeni
Sep. 29, 2024
‘Zim sliding back to 2008 chaos’
Authorities introduced the ZiG in April this year claiming it was backed by gold, a basket of mineral resources and foreign reserves.
By Lorraine Muromo
Sep. 25, 2024
