Tag: RTGS

Emmerson Mnangagwa calls for patience as he rebuilds Zim economy

Zimbabwe President Emmerson Mnangagwa addressed the nation at this year’s 2019 State of the Nation Address which he acknowledged deepening poverty in a country that has seen record inflation, rolling blackouts and cash shortages. Joseph Busha, Managing Director, JM BUSHA Investment Group and Batanai Matsika, Head Of Research At Morgan & Co joins CNBC Africa to unpack some the key issues that the president looks to tackle.

Zimbabwe battles to curb runaway inflation

Although Zimbabwean finance Minister Mthuli Ncube has taken on the task to turn around the Zimbabwean economy, the inflation rate is still on the rise. In June, inflation in Zimbabwe hit a high of 176 per cent .This was due to currency issues and the ongoing drought which threatened the countries food security. So is there hope for the crippling Zimbabwean economy? Nathan Hayes, Analyst at The Economist Intelligence Unit joins CNBC Africa for more.

Why this analyst thinks a new currency is a bad idea for Zimbabwe

Batanai Matsika, Head of Research at Morgan and Co joins CNBC Africa to look at movements shaping the Zimbabwean market space.

Zimbabwe to have new currency by end of 2019 – Mnangagwa

Zimbabwe must have a new currency by the end of the year, President Emmerson Mnangagwa said
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