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Zimbabwe retailers warn of shutdowns due to exchange rate distortions

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BY WANDILE TSHUMA

Companies like TM Pick n Pay, OK, Halsteads, Electrosales, Edgars, and Metro Peach are warning that they may be forced to shut down due to exchange rate distortions and strict enforcement measures by the central bank.

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The retailers are being forced to use the official exchange rate, which is US$1 to ZiG14.8, but manufacturers are using parallel market rates of up to ZiG31 in some cases.

The Retailers Association of Zimbabwe said, “Suppliers of goods and services into the formal retail sector are now maintaining two tier price lists for local currency and another for foreign currency – whose implied rates are way higher than the obtaining official exchange rate… Our suppliers have expressed concern that they are faced with an acute foreign currency shortage and excessive volatility of ZiG exchange rates on the parallel/alternative market which has now become the basis of their pricing framework.”

This has caused retailers “massive losses,” and they’re trying to lessen the impact by making steep USD price increases. However, this leads to real USD inflation creep and other economic and social problems.

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The retailers are proposing to let the ZiG float freely to allow a “market determined exchange rate” and implement a pricing model that reflects real-time market exchange rate fluctuations.

They also want to offer discounts for customers buying in forex to attract payments in foreign currency.

The situation is clearly untenable, and the retailers are calling for policy measures to protect the formal retail sector.

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The gold-backed ZiG, which was introduced in April, has lost almost 80 percent of its value on the black market, and the central bank has injected US$64 million into the foreign exchange market to address dollar demand.

The retailers are hoping for a solution soon to avoid company closures.

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    September 24, 2024 at 10:32 am

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National

Parliament moves to curb machete gang violence in rural areas

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BY WANDILE TSHUMA

Lawmakers are demanding an urgent security crackdown in rural constituencies following a report of nearly 1 000 violent incidents involving machete-wielding gangs over a four-year period.

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A motion moved by Brown Ndlovu highlighted the “horrific terror unleashed by machete-wielding gangsters” in the Vungu Constituency of Midlands Province, where murders, robberies, and assaults have reportedly become a daily occurrence. Official records presented to the House show that 997 violent cases were reported in the Vungu district alone between 2021 and 2025 .

Hwange Central MP, Daniel Molokele, recently raised the alarm to VicFallsLive, following his tour at Inyathi District Hospital, where he revealed that the gold panners were now digging under the hospital and that most casualties and admissions at the hospital were linked to machete-gang violence.

Parliamentarians expressed sharp “disdain” for current judicial practices, noting that the integrity of the legal system is at risk . The motion criticized the fact that “suspects who perpetrate such horrendous crimes are often granted bail and allowed to return to the same communities where they freely continue to molest and intimidate victims and witnesses,”a practice they say grossly undermines public safety.

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The House has called for the Zimbabwe Republic Police in rural areas to be modernized and properly equipped. Specifically, lawmakers are urging the Ministry of Home Affairs to provide officers with “adequate tools of trade such as vehicles, modern communication equipment, and weapons to wade off criminal activities”. Additionally, the motion proposes that bail should be denied in machete-related cases and that state witnesses be granted enhanced protection from “intimidation, retributions and retaliations”

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Parliament declares diabetes a public health emergency, pushes for urgent action

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BY NOKUTHABA DLAMINI

Zimbabwe’s Parliament has resolved to prioritise the fight against diabetes, warning that the condition is rapidly becoming a public health emergency, particularly for children and young people living with Type 1 diabetes.

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The motion, tabled in the National Assembly by Concilia Chinanzvavana and seconded by Edwin Mushoriwa, highlights critical gaps in access to life-saving treatment. Lawmakers noted that people with Type 1 diabetes require uninterrupted access to insulin, diagnostics and specialised care, without which they face preventable disability and death.

Despite existing Non-Communicable Disease (NCD) policies and fiscal measures such as the sugar tax, Parliament expressed concern that diabetes remains underfunded and insufficiently prioritised. This has resulted in inequitable access to treatment and persistent weaknesses in care systems across the country.

Legislators also stressed that policy alone is not enough, pointing to frameworks developed by the World Health Organization, including the Package of Essential Noncommunicable Disease Interventions (PEN) and PEN-Plus, which require strong political commitment and implementation.

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As part of the resolution, Parliament pledged to champion equitable diabetes care within national development frameworks and to strengthen oversight of health budgets, policies and programme delivery. Lawmakers also called for sustainable financing mechanisms, including the possible ring-fencing of sugar tax revenues to support diabetes care.

The House further urged the integration of diabetes prevention and treatment into primary healthcare systems, alongside improved referral pathways to ensure timely and effective care.

In addition, Parliament emphasised the need for inclusive, people-centred governance, calling for structured engagement between lawmakers, the Ministry of Health and Child Care, civil society, development partners and people living with diabetes.

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Parliament pushes for funding, recognition of Zimbabwe’s digital creatives

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BY WANDILE TSHUMA 

The Parliament has called for urgent reforms and funding to unlock the potential of the country’s growing creative and digital content sector, citing its role in economic growth and youth employment.

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During a sitting of the National Assembly last week , legislators raised concern that despite Zimbabwe’s “vast creative talent” in film, traditional arts and digital media, the sector remains largely informal, underfunded and poorly integrated into national development plans.

Lawmakers noted that thousands of young Zimbabweans producing content on platforms such as YouTube, TikTok and Instagram are earning livelihoods and promoting the country’s image, yet remain unrecognised as key economic players. This has left them excluded from structured funding, training and social protection systems.

The House also flagged persistent challenges including weak production infrastructure, piracy and the migration of talent, which have limited the growth of local creatives while foreign content continues to dominate the domestic market.

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Parliament has now implored the Ministry of Sport, Recreation, Arts and Culture, working with Treasury, to allocate a dedicated budget for the implementation of the National Cultural and Creative Industries Strategy (2020–2030). Treasury was also urged to capitalise and operationalise the Arts Development Fund to support film and digital content production.

In addition, lawmakers called for the upgrading of community cultural centres into digital production hubs, as well as stronger enforcement of copyright laws and the creation of frameworks to formalise and monetise creative work, particularly for digital content creators.

 

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