HARARE – The Reserve Bank of Zimbabwe (RBZ) has suspended its controversial 10% local currency retention requirement for small-scale gold miners, reverting to 100% US dollar payments following strong resistance from the sector. The policy reversal comes less than a month after the central bank introduced a 90:10 payment framework on February 27, requiring artisanal miners to receive a portion of their gold proceeds in Zimbabwe Gold (ZiG).

The Zimbabwean government has approved a wage increase for workers in the horticulture sub-sector, with earnings backdated to May 1, 2025, under a new statutory instrument. The adjustment was formalised through Statutory Instrument 48 of 2026, issued in terms of the Labour Act (Chapter 28:01), governing employment conditions across sectors. According to the agreement registered by the National Employment Council for the Agricultural Industry, the minimum wage for horticulture

The Reserve Bank of Zimbabwe (RBZ) has officially decoupled its transition to a monocurrency system from a fixed timeline, opting instead for a conditions-based framework under which the move will only be implemented once strict economic benchmarks are met.