ZIMBABWE

Trade deficit destabilises economy

THE widening trade deficit which reached almost US$1 billion in the first four months of 2018 continues to wreak havoc on the deepening economic crisis despite government's repeated claim that the cou...

By Staff reporter | Published: 08 June 2018

BUSINESS NEWS

Zimbabwe trade deficit widens

ZIMBABWE's trade deficit widened by 65,61% to $998,8 million in the first four months of this year, compared to the comparative 2017 period, as imports have grown owing to increased demand, latest sta...

By Staff reporter | Published: 31 May 2018

BUSINESS NEWS

Zimbabwe trade deficit hits $1 billion

The country is battling for solutions to address trade deficit, which hit $1 billion in the first four months of the year, Reserve Bank of Zimbabwe Governor Dr John Mangudya has said.Dr Mangudya said ...

By Staff reporter | Published: 29 May 2018

BUSINESS NEWS

Zimbabwe budget deficit to remain above $1bn

ZIMBABWE'S budget deficit is set to remain above $1 billion despite government's efforts to rein in fiscal spending, economists have said.For years, a persistent fiscal deficit has been the underlying...

By Staff reporter | Published: 24 May 2018

BUSINESS NEWS

'Zimbabwe's trade deficit widens'

ZIMBABWE'S trade deficit from February to April 2018 skyrocketed by 69% to $860,3 million as the Southern African country battles to correct trade imbalances, latest trade data from the national stati...

By Staff reporter | Published: 15 May 2018

BUSINESS NEWS

$150.7 million trade deficit for Zimbabwe

TRADE between Zimbabwe and South Africa remained skewed in favour of the neighbouring country in the month of March 2018, with Zimbabwe registering a $150,7 million trade deficit, official figures hav...

By Staff reporter | Published: 24 April 2018

POLITICS

ZEC faces funding deficit

The Zimbabwe Electoral Commission (ZEC) needs 60 million to prepare for and hold the 2018 harmonised elections due in a few months time.The commission is looking through the voters roll to ensure ther...

By Staff reporter | Published: 13 March 2018

BUSINESS NEWS

SADC plugs power deficit

The region slipped into a power deficit a decade ago, partly due to its old plants failing to match expanding populations and economies.The region slipped into a power deficit a decade ago, partly due...

By Staff reporter | Published: 07 December 2017

ZIMBABWE

Zim trade deficit narrows to $1,56 billion

ZIMBABWE'S trade deficit narrowed by 28% to $1,56 billion in the 10 months of the year on the back of increased exports despite an uptick in imports, latest trade data from the national statistics age...

By Staff reporter | Published: 28 November 2017

BUSINESS NEWS

Zim narrows trade deficit by 62% since 2015

Zimbabwe has made significant strides over the last two years in reducing its trade deficit from $3,5 billion in 2015 to $1, 3 billion presently. ZimTrade board chairman Lance Jena revealed the statis...

By Staff reporter | Published: 19 October 2017

BUSINESS NEWS

Zimbabwe says to slash budget deficit

Zimbabwe plans to cut its budget deficit by half next year to 4 percent of GDP, the national Treasury said, an ambitious goal at a time when the country is expected to hold a presidential vote that ve...

By Staff reporter | Published: 18 October 2017

ZIMBABWE

Zimbabwe-SA trade deficit shrinks by 32%

THE trade deficit between Zimbabwe and South Africa narrowed by 32% to $98 million in the first eight months of the year, after exports increased by 15%, latest trade data from the Zimbabwe Statistica...

By Staff reporter | Published: 29 September 2017

BUSINESS NEWS

Zimbabwe set to end power deficit

Zimbabwe has 16 power projects at various stages of construction with a potential of generating 6 000 megawatts of power when complete which is significant towards ending the power deficit within the ...

By Staff reporter | Published: 11 September 2017

BUSINESS NEWS

Zimtrade tackles trade deficit

Zimtrade is seeking ways of reducing a trade deficit of $1.2 billion recorded in the first seven months of this year by engaging exporters and looking for ways of boosting productivity in critical sec...

By Staff reporter | Published: 06 September 2017

ECONOMC INDICATORS

Zim-SA trade deficit widen by 15%

THE trade deficit between Zimbabwe and South Africa widened by 15% to $131 million in the first seven months of the year, latest trade data from the Statistics Agency shows.Data gathered from the Zimb...

By Staff reporter | Published: 30 August 2017

ZIMBABWE

Zim trade deficit narrows to $1.2bn in 7 months

ZIMBABWE'S trade deficit narrowed by 21 percent to $1,2 billion in the first seven months of the year, latest trade data from the statistics agency shows.Figures from the Zimbabwe Statistics Agency (Z...

By Staff reporter | Published: 29 August 2017

BUSINESS NEWS

Zim expects $700m budget deficit for 1H 2017

GOVERNMENT is expected to have accumulated a budget deficit of around $700 million during the first half of this year, far above the full year projection of a $400 million deficit, a Treasury source ...

By Staff reporter | Published: 24 August 2017

ZIMBABWE

Budget deficits threat to Zim economy, says WB

WORLD Bank representative in Zimbabwe, Johannes Herdeschee has said while the country faced a myriad of problems, fiscal deficits, which have ballooned to 10% of gross domestic product, were the bigge...

By Staff reporter | Published: 08 August 2017

BUSINESS NEWS

Zim needs $12bn to address power deficit

ZIMBABWE requires about $12 billion to address its power deficit and meet future needs of a vibrant industry and economy, the energy regulator has said.Of this figure, a quarter of the funding is need...

By Staff reporter | Published: 04 August 2017

ZIMBABWE

Zim trade deficit narrows by 5% in first half

ZIMBABWE'S trade deficit in the first half of the year narrowed by 5% to $1,3 billion, an indication that the country continues to rely on foreign-produced goods in spite of government efforts to halt...

By Staff reporter | Published: 01 August 2017

ECONOMC INDICATORS

Zimbabwe's budget deficit rose to $1.4 billion

Zimbabwe's budget deficit rose to $1.4 billion, or 10 percent of national output, in 2016, worse than previously revised estimates, the country's finance minister said.The shortfall arose from unbudge...

By Reuters | Published: 20 July 2017

ZIMBABWE

'Zim can reduce trade deficit with SA'

Zimbabwe has the capacity to turn around its $2,2 billion trade deficit with South Africa if the country starts producing more goods, economic analysts say.This comes after President Robert Mugabe on ...

By Staff reporter | Published: 21 June 2015

ZIMBABWE

Zimbabwe's trade deficit narrows to $1,76bn

The country's trade deficit narrowed to $1,76 billion in the six months to June from $2,37 billion last year, a decrease of 25,74 percent.Latest data from ZimStat shows that imports amounted to $2,99 ...

By Fiona Chigwida | Published: 21 July 2014

ECONOMC INDICATORS

Zimbabwe's trade deficit declines

The country's trade deficit in the five months to May was at $1,47 billion, narrowing by about 17,9 percent from the comparable period last year reflective of the tight liquidity situation and the lac...

By Staff reporter | Published: 10 July 2014

BUSINESS NEWS

Zim trade deficit declines 9,4%

Zimbabwe's trade deficit in the two months to February declined 9,4 percent to $495,77 million from $547,26 million in the comparative period a year ago.Imports were at $966,3 million from $1,1 billio...

By Staff reporter | Published: 10 April 2014
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