Merchant Services Manager (Harare)

Library Technical Assistant

Assistant Binder

Broadcast Technician

Research, Innovation and Industry Linkage Officer (RIILO)

Safety, Health and Environmental (SHE) Officer

Procurement Officer

Intellectual Property Management Officer

Research Officers x2

Business Development Officers x2

Innovation Lead (Engineering)

Innovation Lead (Arts & Creative Industries)

Innovation Manager

Public Health Specialist: Prevention, Care & Treatment (Harare)

Driver (Kariba)

Relief Drivers x8

Business Intelligence Analyst (Harare)

Contact Centre Agent-1 (Harare)

Switchboard Operator (OMAO) (Harare)

Procurement Manager (Bulawayo)

Auditor - ICT & Internal Control (Harare)

Legal Officer (Harare)

Auditor (Harare)

Director General (Harare)

The economy of Zimbabwe contracted in the second quarter of the year. Gross domestic product (GDP) at market prices nearly halved to US$3.28 billion from the previous period, mainly due to the depreciation of the local currency. In the first quarter, GDP at market prices was ZWL$6.65 trillion or US$7.15 billion, <a href="https://www.newsday.co.zw/business/article/200021191/bloodbath-in-q2-as-zimdollar-depreciates">NewsDay</a> reported citing the latest data by ZimStat. However, GDP rebounded in the third quarter to ZWL$41.35 trillion or US$7.56 billion, following measures implemented by fiscal and monetary authorities to halt the currency depreciation.
During the presentation of the third-quarter GDP estimates, Tapiwa Gumbo, the national accounts and analysis manager at ZimStat, mentioned that the International Monetary Fund (IMF) had inspected their methodology and agreed with the findings. Gumbo said:
<blockquote>
People sometimes have what they think is normal and should be done, which probably ideally is not what is provided in the manual. So, we try to follow the manual so that our statistics are accurate, are comparable with other countries. So, this is what we try to do and publish because we were presenting a national GDP.  
So, what we do here is publish the quarterly annual GDP numbers. So, they (IMF) are checking on our methodology, and data, are we following the systems of national accounts? They scrutinised, provided a second eye to the statistics and reviewed the methodology. We showed them the system, the national accounts database system that we normally use and we agreed.
</blockquote>
However, just two days earlier, the IMF had expressed concern over the competencies and methodology used by ZimStat in determining key economic metrics.
Concerns have been raised by the British-based economic researcher, World Economics, and the World Bank regarding the government’s data collection methods to determine key economic metrics.
<h3><a href="https://www.pindula.co.zw/">More Pindula News</a></h3>

Pindula News

ZIMSTAT Says The Economy Of Zimbabwe Contracted In 2nd Quarter

In its commentary today, government-controlled daily publication, The Herald, has said that most people will welcome the new currency and policy measures announced by the reserve bank yesterday.
Said the Herald:
<blockquote>Almost all in business and most Zimbabweans will welcome yesterday’s Monetary Policy Statement that legalises and tackles the parallel currency market, and gives more agency to the Reserve Bank of Zimbabwe management of exchange controls, bans dual pricing for goods and services in Zimbabwe, and ensures that exporters must use or sell their retained forex earnings within 30 days.
The developments should bring down, or at least stabilise, many prices that had been racing out of control and reverse the creeping dollarisation of the economy.</blockquote>
More: <a href="https://www.herald.co.zw/editorial-comment-new-monetary-measures-will-stabilise-markets/">The Herald</a>

"Most Zimbabweans Will Welcome Yesterday’s Monetary Policy Statement" - The Herald

A article in the Herald today reports that Mnangagwa has said Zimbabwe will not bend its policies based on the interest of other countries. In the same article however, Mnangagwa is quoted saying that Zimbabwe would however make decisions in “the interests of those who are friendly to us.”
It’s not clear which unfriendly countries the president and the article were referring to.
Said the report:
<blockquote>Zimbabwe’s domestic and foreign policies will not bend to the whims of other countries’ desires, and will continue to be informed by the national interest as well as respect for historically friendly relations with like-minded nations, President Emmerson Mnangagwa has said.
In a series of interviews with Russian media houses earlier this week, during his current tour of four Eurasian nations, the Head of State and Government also explained Zimbabwe’s Engagement and Re-Engagement Policy.
In one interview in Russia, President Mnangagwa said, “Zimbabwe is a sovereign state; we make decisions on the bases of national interests as well as the interests of those who are friendly to us.
“In regard to the Russian Federation, there is a history of co-operation prior to our Independence and post-Independence, and we have stood together … So there is no cause for us to depart from that stance.”</blockquote>
Mnangagwa was also shown in a video telling the Russian president that Zimbabwe is a third world country and that it needs help from its senior brother, Russia.
For its part, Russia has also made it clear that its interests come first and that it’s not going to help other countries make up for their deficits. Below, a tweet by Russian Prime minister, Dmitry Medvedev a few days ago:
https://twitter.com/MedvedevRussiaE/status/1084789079475134465
More: <a href="https://www.herald.co.zw/just-in-zim-domestic-foreign-policies-informed-by-national-interest-president/">The Herald</a>

"Zimbabwe Will Not Bend To The Whims Of Other Countries’ Desires", President Mnangagwa

Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya says appetite for investment in the country has improved in the past few months from the time a delegation visited Wall Street in April this year.Dr Mangudya said this in New York City where is part of the delegation that accompanied President Mnangagwa to  the UN General Assembly.
Dr Mangudya said some world renowned fund managers of Wall Street, the home if capital, are warming up to Zimbabwe’s invitation.
 
The country is in need of capital to revive its industry and grow the economy.
Said Mangudya:
<blockquote>Sanctions have been a deterrent in efforts to access capital but we are happy that now there is an improved feeling with some companies wishing to help fight for the removal of ZDERA. Zimbabwe has also made steps to remove some of the obstacles like the recent holding of elections, the amendment of the indigenisation act and other reforms</blockquote>
More:<a href="http://www.zbc.co.zw/investor-appetite-pleases-zim/" rel="noopener" target="_blank"> ZBC</a>

RBZ Governor Says Appetite For Investment In The Country Has Improved

The economy will vote for Chamisa to eliminate bank queues. In order to understand how the economy will vote for Chamisa, we need to recognize that the construction of the term economy comes from its original Greek words meaning household management.
The economy is about managing households with people. It is these people who will vote for Chamisa to eliminate bank queues. Mnangagwa has already failed to resolve the cash crisis. The economy will vote for Chamisa because people need Chamisa to make it easier for them to access their cash so that they, as the economy, can produce, consume and trade the goods and services they require.
The people that will vote for Chamisa are engaged in production, consumption and trade. The people are the economy, made up of producers, consumers and traders, who will vote for Chamisa. You are the economy that will vote for Chamisa.
You, the producers who will vote for Chamisa are involved in the primary resources based industry sectors of agriculture and mining. You are also engaged in the secondary industries of manufacturing, and the tertiary industries of services such as trade and distribution, financial and support services, and human capital services such as education and health.
You are also the consumers who will vote for Chamisa since you require basic goods such as food, clothing and shelter as well as services such as health, transportation, education and basic utilities. The economy that will vote for Chamisa is made up of you as producers and consumers. You, as both the producers and consumers need to trade using your own money which Mnangagwa is denying you from the banks.
This ZBR explains why you, as the economy, ZBR20 – Why the Economy will vote for Chamisa Page 2 of 3 to Eliminate Cash Shortages and Bank Queues 11th July 2018 will vote for Chamisa by illustrating an example of how miners and farmers will work with Chamisa to resolve the cash crisis.
The largest number of you, as producers, that will vote for Chamisa are the farmers who make up 70% of Zimbabwe’s population in the rural areas. You, as farmers will vote for Chamisa because he will ensure that the land reform programme is not reversed and thus give you the confidence to continue farming.
As resettled farmers all over Zimbabwe, you are worried about your security of tenure after you saw the sudden and unconstitutional reversal of the land reform by the junta soon after the 15 November 2017 coup. Mnangagwa erodes your confidence as he continues to violate the constitution by dispossessing your, as resettled farmers, of your land.
You, as farmers will vote for Chamisa because he will uphold the agricultural land provisions in Chapter 16 of the Constitution of Zimbabwe which protects you as the beneficiaries of the land reform programme. As farmers, you will vote for Chamisa to safeguard that Chapter 16 of the Constitution of Zimbabwe cannot be amended without being taken to you in a referendum as required in terms of Section 328(6) of the Constitution of Zimbabwe.
Mnangagwa cannot be trusted to protect the constitution as you can plainly see how he has been violating the constitution during the 15 November 2017 coup. You, as farmers will vote for Chamisa because Chamisa will give you security of tenure by issuing you with title deeds for land. Issuing title deeds to you will allow you to invest in your farms and be able to access resources from financial institutions. You, as farmers will vote for Chamisa because the issuance of title deeds will free you from having to beg for inputs from corrupt junta officials who have been looting state resources during the selectively applied command uglyculture and since Operation Maguta a decade ago.
You, as miners will also vote for Chamisa because Chamisa will protect small-scale miners from being exploited by Mnangagwa’s gangs of marauding Al-Shabab robbers and murderers. As gold miners in places like Kwekwe, Shurugwi, Chimanimani, Shamva, ZBR20 – Why the Economy will vote for Chamisa Page 3 of 3 to Eliminate Cash Shortages and Bank Queues 11th July 2018 Chegutu, and Silobela, you will vote for Chamisa because he will ensure that you get the best prices for your gold without enriching Mnangagwa’s gold smuggling cartels at your expense. Miners, you will vote for Chamisa because he will issue mining permits to you.
The economy will vote for Chamisa because Chamisa will strengthen the agricultural base of the economy by issuing title deeds to farmers to enhance production. The economy will vote for Chamisa because foreign currency will increase since Chamisa will protect miners from Mnangagwa’s robbers to ensure that the proceeds of our vast mineral wealth benefit the nation.
The economy will vote for Chamisa because he will provide the confidence that will lead to higher production and increased incomes and wealth. You will vote for Chamisa because greater confidence will ultimately resolve the cash shortage and eliminate bank queues. Iwe Neni Tine Basa. Umsebenzi lo Umkhulu Asante Sana

Why The Economy Will Vote For Chamisa To Eliminate Cash Shortages And Bank Queues

President Emmerson Mnangagwa on Tuesday told Zimbabweans living in Rwanda that the economy is recovering due to the government’s reforms. Mnangagwa is in Rwanda attending the African Union (AU) Extraordinary Session of Heads of State and Government. Said the president,
<blockquote>
Our industry is behind; most of the industries are, in terms of capacity utilisation, below 50 percent. We tried to improve the industry and commerce environment by introducing Statutory Instrument 64, which has done a lot of good.
We now know within the first quarter, whereas we would be spending something like $6 billion for imports against $4 billion exports, I understand now we have reduced the import bill by $2 billion as a result of SI 64.
But we still need to retool our industries because we still have obsolete technology in that area. But, as the environment has improved, our people, industry and commerce, as they expand, wanting more raw materials to feed the industries, there is demand for foreign currency and we don’t have that.
Of course for foreign currency, just this period of three months has grown by 23 percent, but even so, the import side has grown three times more.
So, the challenges we are facing are good challenges because they are challenges for growth.</blockquote>
More: <a href="http://www.newsdzezimbabwe.co.uk/2018/03/economy-recovering-ed.html">Chronicle</a>

The Economy Is Recovering: President Mnangagwa

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is reported to have offered Australia the country’s mineral resources as security in order to get a long-term capital of US$1 billion. The money is supposed to be used to turn around the country’s economy, which is expected to go up by 0.9 percent according to the World Bank. This figure is lower than the government’s optimistic projection of 4.5 percent. In a meeting with visiting Australian assistant secretary for Africa branch Gita Kamath, Mangudya also reassured the Australians that they would be able to repatriate their money.
Sources who spoke to The Zimbabwe Independent said:
<blockquote>The governor said the RBZ is currently hamstrung and is looking for fresh capital. He said the apex bank would use the country’s mineral resources, particularly gold and platinum, as some mortgage in exchange for long-term capital,
The amount they are seeking is based on average gold production which according to official figures should be just over US$1 billion.</blockquote>
Mangudya confirmed the meeting but declined to go into detail, choosing to say:
<blockquote>We discussed exactly what is in the Monetary Policy Statement (MPS).</blockquote>
More: <a href="https://www.theindependent.co.zw/2018/02/16/zim-mortgage-minerals-capital/" rel="noopener" target="_blank">The Independent</a>

Govt Offers Mineral Deposits As Security To Get $1 Billion Capital

Reserve Bank of Zimbabwe (RBZ) governor John Mangudya is reported to have offered Australia the country’s mineral resources as security in order to get a long-term capital of US$1 billion. The money is supposed to be used to turn around the country’s economy, which is expected to go up by 0.9 percent according to the World Bank. This figure is lower than the government’s optimistic projection of 4.5 percent. In a meeting with visiting Australian assistant secretary for Africa branch Gita Kamath, Mangudya also reassured the Australians that they would be able to repatriate their money.
Sources who spoke to The Zimbabwe Independent said:
<blockquote>The governor said the RBZ is currently hamstrung and is looking for fresh capital. He said the apex bank would use the country’s mineral resources, particularly gold and platinum, as some mortgage in exchange for long-term capital,
The amount they are seeking is based on average gold production which according to official figures should be just over US$1 billion.</blockquote>
Mangudya confirmed the meeting but declined to go into detail, choosing to say:
<blockquote>We discussed exactly what is in the Monetary Policy Statement (MPS).</blockquote>
More: <a href="https://www.theindependent.co.zw/2018/02/16/zim-mortgage-minerals-capital/" rel="noopener" target="_blank">The Independent</a>

Acclaimed economist and currency expert, Steve Hanke, who is a professor of Applied Economics and co-director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at the Johns Hopkins University in Baltimore in the United States has advised President Emmerson Mnangagwa to adopt the strategy of Lee Kuan Yew, Singapore’s first prime minister in order to dig the country out of the economic mess left behind by former President Robert Mugabe. Professor Hanke argues that Zimbabwe needs to adopt four principles: stable money, no foreign aid, first-world competitiveness and the protection of private property and the public’s safety to grow its economy and become affluent. He also called on the administration not to print money through the RTGS system and the issuance of Treasury Bills (TBs).
In an article written for the New York Time, Professor Hanke says:
<blockquote>The end of Mr Mugabe’s rule raises the question: What is next for the economy? Zimbabwe could adopt the strategy of Lee Kuan Yew, Singapore’s first prime minister. That strategy was based on four principles: stable money, no foreign aid, first-world competitiveness and the protection of private property and the public’s safety. With Mr Lee’s near perfect execution of the strategy, Singapore escaped its grinding poverty in 1965 to become one of the world’s most affluent countries.
Mr.Mnangagwa does not remind one of Mr Lee. Indeed, he was a pillar of Mr Mugabe’s regime. Unlike the impoverished populace, Mr Mnangagwa and his supporters in the military and party have done well under Mr Mugabe’s system of spoils.
…To deliver, Mr Mnangagwa must prohibit the issuance of New Zim dollars. The dollarization rules followed by the unity government should be restored. Mr Mnangagwa should also announce that private enterprise is Zimbabwe’s future.
…The new president should establish a cabinet task force that would be responsible for making it easier to do business in Zimbabwe. It now takes 61 days and costs more than an average person’s annual income to start a business. When compared with those of other countries in the region, these costs are sky high. As a first reform step, the government should slash the biggest contributor to these costs: the licensing requirements and fees needed to start a business.
By adopting such a strategy, confidence and the economy would both soar. Zimbabwe’s G.D.P. per capita would reach the same level as Botswana’s current level in about 16 years. Zimbabweans’ level of income would then be almost six times its current level. Zimbabwe would once again be the “jewel of Africa.”</blockquote>
<h3><a href="https://www.nytimes.com/2017/11/30/opinion/zimbabwe-mnangagwa-economy.html">Read The Full Article Here</a></h3>

Zim Should Say No To Foreign Aid, Stop Printing Money, Follow Dollarisation Rules To Succeed: Prof Steve Hanke

The MDC is extremely concerned about the recent deterioration in the economic and financial situation in Zimbabwe.The liquidity crunch has now deepened as the bond note has virtually collapsed against hard currencies such as the US dollar and the South African Rand.
The illegal foreign currency black market is now back with a bang and over the weekend, confirmed reports showed the bond note trading at almost 2 bond notes to the US dollar. Essential goods such as cooking oil and washing soap are now steadily disappearing from shop shelves. 
We don’t want to sound alarmist but the sad reality is that Zimbabwe is rapidly going back to the harsh economic situation of the period between 2007 – 2008. Most supermarkets around the country have now steeply raised the prices of basic commodities and goods such as cooking oil and other basic grocery items are now being rationed per customer.
The RBZ Governor, John Mangudya, has hopelessly failed to keep his earlier promise on bond notes because illegal black market dealers are now the only people who seem to have access to this surrogate currency. The majority of ordinary Zimbabweans are failing to get their money from the commercial banks and the US dollar is now like gold dust, very difficult to come across.
Fuel queues are now back with a vengeance and all over the country, most service stations are running out of both diesel fuel and petrol. Diesel 50 fuel and unleaded petrol seem to be the most scarce commodities on the fuel market nationwide.
As the economic situation spirals out of control, the Zanu PF regime is utterly and completely clueless regarding what steps should be taken to arrest the collapsing economy.
President Robert Mugabe and members of his family, including a bloated delegation of about 70 people, were recently in New York where they were busy spending scarce foreign currency at expensive and exclusive shops in Manhattan. How selfish and insensitive can these people be? 
The MDC reiterates its call for all eligible Zimbabweans to come out in their millions and register to vote during the ongoing BVR exercise.We appreciate that ZEC has embarked on a painstakingly slow and inefficient BVR exercise but then we cannot afford to be apathetic by deliberately failing to register to vote.
This is exactly what the collapsing and faction – infested Zanu PF regime would like to see happening because, the world over, fascist and dictatorial regimes are aided and abetted by voter apathy. In the same breath, we call upon ZEC to expedite the BVR exercise by promptly obtaining delivery of the outstanding 2600 BVR kits.
The toiling masses of Zimbabwe should make sure that on polling day next year, the Zanu PF regime is booted out of power. With the Zanu PF regime out of the way, Zimbabwe can begin its process of socio-economic reconstruction and financial rehabilitation under an accountable, democratic and people-centred government. This is the only peaceful and viable solution going forward. 
We should now come out of our comfort zone and rigorously mobilise for voter registration.We cannot continue to be cry babies. The future of our great country is firmly in our hands. There’s a huge light at the end of the tunnel. This is the home stretch. We are soon getting to the promised land. There’s absolutely no doubt about that.

MDC-T says Zimbabwe’s economic situation has imploded

Musician Stunner, real name Desmond Chideme, has spoken out against the lack of <a href="https://vacancymail.co.za/">jobs</a> in the country as the economy continues to falter. Writing on Facebook, the sometimes controversial musician said:
<blockquote>When there are no <a href="https://vacancymail.co.za/categories/matriculants-graduate-no-experience-jobs-in-south-africa/">jobs</a> , people start stealing and robbing , young girls turn into prostitution and all sorts. So before you start judging these people, ask yourselves……what is our government doing about this? TIPEIWO MABASA KUNZEUKO!!!!!! like if you spent the whole day doing formally nothing like i did. #TineNzara
 </blockquote>
<iframe frameborder="0" height="219" loading="lazy" scrolling="no" src="https://www.facebook.com/plugins/post.php?href=https%3A%2F%2Fwww.facebook.com%2Fdesmondchideme%2Fposts%2F1339258712861707&amp;width=500" style="border: none; overflow: hidden;" width="500"></iframe>
More: <a href="https://www.facebook.com/desmondchideme">Stunner on Facebook</a>

Stunner speaks out on the lack of jobs in the country

President Robert Mugabe’s nephew and Minister of Youth, Indigenisation and Economic Empowerment, Patrick Zhuwao has claimed that Zimbabwe’s economy is not bad as it is just starting.  According to the Minister, the economy which is dying is the Rhodesian one which was inherited at independence.
Addressing journalists after meeting entrepreneurs and youth officers in Harare on Wednesday Zhuwao said:
<blockquote>The economy is not bad, it’s actually at a nascent stage. One of the things we have to do is recognise that we now have a country called Zimbabwe and a nation called Zimbabwe.
What was previously regarded as the economy is actually the Rhodesian economy that was built on the trunk of the nation state of Rhodesia which has since seized to exist.</blockquote>
Zhuwao’s remarks have come a few weeks after President Mugabe claimed that Zimbabwe was the second most developed country in Africa, behind South Africa.
More: <a href="http://263chat.com/zimbabwe-economy-not-bad-minister-zhuwao/">263Chat</a>

Minister Zhuwao says Zim's economy is not bad, says the dying economy belongs to Rhodesia

<a href="http://www.pindula.co.zw/Movement_for_Democratic_Change_-_Tsvangirayi_(MDC-T)">MDC-T</a> has expressed disappointment following reports that the <a href="http://www.pindula.co.zw/Zimbabwe_National_Army">Zimbabwe National Army</a> is recruiting thousands of new soldiers at a time when government is unable to pay salaries.
In a statement released by MDC-T spokesperson, <a href="http://www.pindula.co.zw/Obert_Gutu">Obert Gutu</a> on Monday, <a href="http://www.pindula.co.zw/Morgan_Tsvangirai">Morgan Tsvangirai</a>’s party called on SADC as well as the African Union and the United Nations to keep a monitor the deteriorating political situation in Zimbabwe in the wake of these reports.
Gutu said the opposition was concerned that the massive recruitment exercise was linked to the crunch 2018 polls, warning that the ruling Zanu PF party was likely readying to unleash violence on opponents.
More: <a href="http://www.newzimbabwe.com/news-33261-MDC-T+Why+is+the+army+recruiting+1000s/news.aspx">NewZimbabwe.com</a>

Economy Latest News

Latest Jobs