Tag: John Mangudya
CCZ slams ‘record breaking’ super-profits in sea of poverty
February 17, 2022
THE Consumer Council of Zimbabwe (CCZ) yesterday slammed business for abetting hardships, saying a significant number of firms accessing cheap foreign currency at the auction market were indexing prices at black market rates. Reserve Bank of Zimbabwe (RBZ) governor John Mangudya last week said the auction system paid out US$1,97 billion to companies seeking foreign […]
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‘Zim on verge of redollarisation’
February 2, 2022
GOVERNMENT’s failure to resolve a perennial currency crisis could push Zimbabwe back into dollarisation, analysts warned yesterday. In the past year, markets have been increasingly rejecting the free-falling local currency in favour of the United States dollar. Dollarisation occurs when the US dollar is used in addition to, or instead of a domestic currency of […]
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