Connect with us

National

Zimbabwe retailers warn of shutdowns due to exchange rate distortions

Published

on

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.

Advertisement

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.

Advertisement

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.

Advertisement

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.

Advertisement
Continue Reading
1 Comment

1 Comment

  1. Buy Arabica coffee beans

    September 24, 2024 at 10:32 am

    Excellent post! Your thorough analysis and clear explanations make this a must-read for anyone interested in the topic. I appreciate the practical tips and examples you included. Thank you for taking the time to share your knowledge with us.

Leave a Reply

Your email address will not be published. Required fields are marked *

National

Government launches nationwide dog vaccination drive amid surge in rabies cases

Published

on

BY WANDILE TSHUMA 

The Government has launched an urgent nationwide dog vaccination campaign following a surge in rabies cases across Zimbabwe.

Advertisement

In a statement posted over the weekend, the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development said the country is experiencing a significant rise in rabies infections, largely linked to domestic dogs and wild jackals.

Permanent Secretary Prof. Obert Jiri confirmed that 650,000 doses of rabies vaccine have been secured from Botswana — exceeding the country’s usual annual requirement — to contain the escalating threat.

The Ministry said the campaign will be rolled out in the coming weeks across all provinces, targeting hotspots near national parks and conservancies, as well as urban areas that have recorded increasing cases.

Advertisement

Prof. Jiri stressed the urgency of seeking immediate medical attention following dog bites, warning that rabies is fatal in humans once symptoms appear.

He appealed to dog owners to ensure their pets are vaccinated, saying collective action remains the primary defence against the deadly disease and is critical in preventing further fatalities.

Advertisement
Continue Reading

National

Matabeleland North flags aid discrimination as provinces record widespread violations

Published

on

BY NOKUTHABA DLAMINI 

Matabeleland North recorded cases of discrimination in government aid distribution and political interference in community leadership, as human rights violations were reported across all provinces in January, according to the Zimbabwe Peace Project (ZPP).

Advertisement

In Matabeleland North, five violations were documented.

“On 9 January 2026, in Ward 29 (Emphafeni), farmers reported irregularities in agricultural input distribution, including selective allocation of groundnuts and maize seed to ruling party supporters, and sharing of 50kg fertiliser bags among three farmers, raising concerns over fairness and equal access to government assistance,” the report states.

In Binga South, a village secretary was removed from his position “for not aligning with ruling party positions, affecting his political rights and freedom of association.”

Advertisement

In Matabeleland South, four violations were recorded, mainly involving political intimidation. In Gwanda, individuals allegedly invaded Vubachikwe Mine claiming political backing, while in Bulilima West, villagers were reportedly threatened with losing land under the land reform programme if they did not support the “2030” agenda.

Bulawayo recorded two violations, including a case where “a visually impaired woman was denied bus transport from Bulawayo to South Africa despite having valid travel documents and fare, raising concerns of discrimination based on disability.” Residents in Old Magwegwe also reported prolonged sewage blockages exposing families to health risks.

Midlands province recorded 13 violations, including environmental concerns in Redcliff and Kwekwe over potential water contamination linked to gold processing chemicals. In Zhombe, political interference prevented enforcement of a court sentence in an assault case. In Silobela, police disrupted a Gukurahundi memorial service organised by a human rights group.

Advertisement

Masvingo recorded 19 violations, including the assault and arrest of a female vendor at SimRac Shopping Complex. The report says her goods were destroyed in what it describes as harassment of informal traders. Patients at Mashoko Hospital and Gawa Clinic also faced high user fees and limited medication.

Mashonaland West recorded 10 violations, including alleged irregularities in agricultural input distribution in Magunje and assault linked to ruling party supporters in Sanyati.

Mashonaland East documented six violations. In Murehwa North, “Provincial Chairperson and Minister Daniel Garwe threatened individuals in Ward 30, warning that those supporting the opposition CCC would be excluded from community programs and that anyone associating with CCC members could face violent reprisals.”

Advertisement

Mashonaland Central recorded four violations, including exclusion of community members, including persons with disabilities, from presidential agricultural inputs in Mt Darwin South, and learners being denied access to Grade 7 results over unpaid fees.

Harare recorded 16 violations, including assaults linked to political intolerance, disruption of civic gatherings, politicisation of borehole water access in Glenview, and the detention of a political activist over a planned protest.

Manicaland recorded the highest number of violations at 31. ZPP said incidents involved “state security agents, ruling party members, war veterans, and local authorities,” including intimidation of a human rights defender in Chimanimani and disruption of a community meeting in Nyanga South.

Advertisement

Overall, ZPP said the January data reflects “continued structural and institutional challenges in the protection, promotion, and fulfilment of human rights,” reinforcing the need for strengthened accountability and rights-based governance across the country.

Advertisement
Continue Reading

National

Police arrest six in major drug busts across the country

Published

on

BY BANDILE TSHUMA

The Zimbabwe Republic Police (ZRP) has arrested six suspects in separate incidents involving the unlawful possession and cultivation of dangerous drugs across the country.

Advertisement

In a press statement written on Monday, police said the arrests were part of ongoing efforts to curb drug trafficking and substance abuse.

On Sunday , police in Plumtree intercepted a Toyota Quantum vehicle and arrested Msawenkosi Ndlovu (49) and Vengai Chawa (41). The two were found in possession of 5 124 bottles of Broncleer cough syrup (100ml) and 4 170 bottles of Astra Pain cough syrup (100ml). The illicit substances are valued at approximately US$80 000.

In a separate case on the same day, police in Wedza arrested Emanuel Busemani (28) at Plot 7 Investment Farm in Melfort, Goromonzi in connection with the unlawful cultivation of dagga.

Advertisement

Meanwhile, in Bubi, Lacken Tshuma (55) and Owner Muleya (32) were arrested on Monday at Inunwa Ranch for unlawful cultivation of dagga.

In another incident on Friday, Tinashe Mero Shoko (22) and Eliot Badza (33) were arrested at a house in Garikai, Dulibadzimu, Beitbridge after police recovered 100 kilogrammes of dagga.

Police reiterated that the fight against drug and illicit substance peddling and trafficking will continue for the safety and security of Zimbabweans.

Advertisement

The ZRP urged members of the public to provide information on drug lords, dealers and criminal syndicates. Reports can be made through the National Complaints Desk on (0242) 703 631, via WhatsApp on 0712 800 197, or at any nearest police station.

Advertisement
Continue Reading

Trending

Copyright © 2022 VicFallsLive. All rights reserved, powered by Advantage