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Chinamasa clueless

20 December 2014 | 2062 Views
FINANCE Minister Patrick Chinamasa yesterday disclosed to Senate he had no idea how he was going to cut the wage bill gobbling 85% of the country's National Budget.His disclosure came as Senat...
by Staff Reporter

China begins secret underground airbase construction in Zimbabwe - Report

16 December 2014 | 6237 Views
COLOGNE/ HARARE - China has now reportedly began construction work of a state of the art underground military airbase, in the diamond rich Marange fields in eastern Zimbabwe, The Telescope News r...
by Itai Mushekwe/ Mary-Kate Kahari

Parliament resumes sitting

16 December 2014 | 882 Views
Parliament resumes sitting today following a month long break, with debate on the 2015 National Budget presented by Finance and Economic Development Minister Patrick Chinamasa expected to take cen...
by staff reporter

Expanded Cabinet puts budget under stress

16 December 2014 | 1079 Views
President Robert Mugabe further strained Finance minister Patrick Chinamasa delicate $4.1 billion 2015 National Budget when he last week appointed two new Vice Presidents and created two new minis...
by Staff reporter

Govt spending declines

15 December 2014 | 1831 Views
Government expenditure declined by a whopping 98% in September, a rare trend for a country with a well known propensity to overspend.According to the Consolidated Statement of Financial Perfor...
by Staff reporter

Appointment of Mnangagwa, Mphoko victory for China, Russia

12 December 2014 | 3732 Views
THE appointment of Emmerson Mnangagwa and Phelekezela Mphoko as vice presidents could see China and Russia strengthen their grip on Zimbabwe given the two VPs' political and military links to thes...
by Staff Reporter

Chinese experts delay Zimbabwe visit

09 December 2014 | 1936 Views
CHINESE economic experts who were due in the country this month to conduct feasibility studies ahead of the implementation of Sino-Zimbabwe deals signed in August have postponed their visit to Januar...
by Staff reporter

China happy with Mnangagwa

09 December 2014 | 5461 Views
COLOGNE - Beijing is not hiding it's excitement about justice minister, Emmerson Mnangagwa's pending promotion to the office of first Vice President, and immediate likelihood of taking over power ...
by Itai Mushekwa

Reducing the wage bill is welcome

08 December 2014 | 4050 Views
The Minister of Finance and Economic Development, Cde Patrick Chinamasa announced in the 2015 budget that government intends to reduce government wage bill from around 78%  to 40% next year....
by John Sigauke

Walter Mzembi blasts Chinamasa on social media

06 December 2014 | 6789 Views
TOURISM minister Walter Mzembi yesterday took to social media to vent his anger after his Finance counterpart Patrick Chinamasa ignored his sector during his state of the economy presentation at the Z...
by Staff Reporter

Zimbabwe to unveil special coins this week

04 December 2014 | 5306 Views
A consignment of the Reserve Bank of Zimbabwe (RBZ)'s special coins has been delivered from South Africa.A central bank official, who preferred anonymity, confirmed the development, but could...
by Staff reporter

Chinamasa's budget is hopeless

04 December 2014 | 3311 Views
When the GNU Government was sworn in 2009, the new Minister of Finance had a daunting task - total revenues to the State from all sources in 2008 had been just US$280 million. All schools were closed...
by Eddie Cross

The battle of the budget - Chinamasa announced a hopeless budget

03 December 2014 | 1682 Views
When the GNU Government was sworn in 2009, the new Minister of Finance had a daunting task – total revenues to the State from all sources in 2008 had been just US$280 million. All schools were close...
by Khaliphani Pugeni

'Chinamasa's budget devoid of sound content,' says Makoni

01 December 2014 | 2073 Views
Former Finance minister Simba Makoni has described the 2015 national budget presented last Thursday as devoid of sound content.The opposition Mavambo/Kusile/Dawn leader said the ruling governm...
by Staff reporter

Beer prices are slashed

30 November 2014 | 4256 Views
Finance minister Patrick Chinamasa has slashed exercise duty on clear beer from 45 percent to 40 percent with effect from next year, a move that is likely to further reduce the price of lager bee...
by Staff reporter

Chinamasa's letter to IMF

28 November 2014 | 2821 Views
November 3, 2014Ms Christine Lagarde,Managing DirectorInternational Monetary FundWashington, DC 20431Dear Ms Lagarde,THE first an...
by Patrick Chinamasa

Chinamasa chides civil servants

28 November 2014 | 4340 Views
Government workers were paid to do nothing while a whopping 81% of budgetary expenditures went towards employment costs, Finance and Economic Development Minister Patrick Chinamasa said yesterday. ...
by Staff reporter

Chinamasa unveils $4.1 billion 2015 budget

27 November 2014 | 5255 Views
The Minister of Finance and Economic Development, Patrick Chinamasa has presented a $4.1 billion 2015 National Budget, amid indications that $3.32 billion will go towards employment costs.Chin...
by Staff reporter

'Zanu-PF ready to do things differently,' says Chinamasa

26 November 2014 | 2583 Views
FINANCE and Economic Development Minister Patrick Chinamasa says investors should, without delay, grab abundant investment opportunities in the country as this was the right time to do so as governmen...
by Business Reporter

Zim seeks re-engagement with IMF

24 November 2014 | 1580 Views
ZIMBABWE plans to host a second international debt resolution forum this month to resolve the country's over $9 billion total debt which has hamstrung the flow of lines of credit from multilateral fin...
by Staff Reporter

Help Zimbabwe or expect more refugees, Chinamasa tells SA

22 November 2014 | 2338 Views
FINANCE Minister Patrick Chinamasa chose to be blunt Friday as he appealed for investment in South Africa, telling Pretoria it had to help its stricken northern neighbour or expect a new flood of econ...
by Staff Reporter I Agencies

'Zimbabwe has investment potential,' says Minister Chinamasa

21 November 2014 | 3069 Views
Zimbabwe has investment  potential for South Africa, with a diversity of resources, Finance and Economic Development Minister Patrick Chinamasa said on Friday."We are not a basket ca...
by Sapa

CBZ, ABC Holdings scoop top corporate governance awards

17 November 2014 | 2119 Views
CBZ Holdings has won the 2014 trophy for the Best Governed Company on the Zimbabwe Stock Exchange, while ABC Holdings was awarded the trophy for the Best Governed Banking Institution. Fin...
by Mike Hamilton

2015 budget set for November 27

17 November 2014 | 2755 Views
Finance minister Patrick Chinamasa says he will present the 2015 National Budget in the next fortnight. While responding to a question pertaining to contradicting government projections on...
by Staff reporter

'Civil servants to get their annual bonuses without any hassles'

08 November 2014 | 2831 Views
ASSOCIATIONS representing civil servants have welcomed government's decision to pay its large workforce the 13th cheque at a time when most companies are struggling to pay their workers' salaries...
by Pamela Shumba

Zimbabwe 'willing to compensate white farmers'

07 November 2014 | 4005 Views
Zimbabwe is willing to compensate white farmers and clarify its indigenisation laws, said the country's Finance Minister Patrick Chinamasa, ...
by fin24

Brazilian weave? No, it's goat hair

01 November 2014 | 4173 Views
In China, hair extensions, wigs and weaves are big business.Buyers in hair salons and shopping malls are often told they are getting real human hair - but when you look closely, sometimes thin...
by Sam Piranty, BBC News

'Mugabe strong armed by the Chinese to support Mnangagwa': Report

31 October 2014 | 8309 Views
There have been allegations that the ongoing attempts to remove Vice President Joice Mujuru out of the Zanu (PF) succession race came as a result of Chinese influence.Mujuru has, until recentl...
by Staff Reporter

Chinese experts coming to Zimbabwe

24 October 2014 | 1982 Views
A TEAM of Chinese experts is due to jet into Zimbabwe next month to conduct feasibility studies which will establish whether the deals - largely described as pie in the sky - signed by the two countri...
by Staff reporter

Zimbabwe, China to enhance military cooperation

09 October 2014 | 1737 Views
Top military officials of China and Zimbabwe agreed on Thursday to enhance ties between their armed forces.Chinese Defense Minister Chang Wanquan and his visiting Zimbabwean counterpart Sydney...
by Xinhua

Chinese tourist arrivals to Zimbabwe plunge

30 September 2014 | 1936 Views
Chinese tourist arrivals to Zimbabwe plunged in the first half of this year by 273 percent to 2,730 from 10,173 recorded during the same period last year, according to preliminary figures released by ...
by Xinhua

Local car assemblies should get govt support

30 September 2014 | 1656 Views
The recent statement by the Finance Minister, Mr. Patrick Chinamasa that people should not import second hand cars from abroad as they are externalizing the little foreign currency needed in the ...
by Mukachana Hanyani

Chinamasa robbing Zimbabwe's poor people

27 September 2014 | 1729 Views
THE opposition MDC Renewal party has attacked the recent tax increases by finance minister Patrick Chinamasa saying this was a "clear sign that this is a robber state that does not care for its ci...
by Staff reporter

Mugabe is reintroducing Z$ in a vain attempt to avoid regime change

26 September 2014 | 13528 Views
Finance Minister Patrick Chinamasa is proposing introducing a special Zimbabwe coin to compete with the basketful of other foreign currency in use in the country already. The regime is so desperate to...
by Wilbert Mukori

'I'm not foolish,' says Chinamasa

26 September 2014 | 5569 Views
The new special coins set to be introduced by the RBZ are not linked to the reintroduction of the Zimbabwe Dollar, Finance minister Patrick Chinamasa. This comes amid rising suspicion tha...
by Staff reporter

'Beware of Chinese,' warns Zanu-PF MP

26 September 2014 | 2122 Views
CONTROVESIAL Kwekwe Central legislator Masango Matambanadzo yesterday said some Chinese nationals working in Zimbabwe are only interested in plundering the country's resources.Matambanadzo, a ...
by Staff reporter

Chinamasa begs PTA bank for more funding

25 September 2014 | 2162 Views
UNDER pressure Finance and Economic Development minister Patrick Chinamasa yesterday continued his pursuits to attract funding for the country's comatose economy as he pleaded with the PTA Bank to pum...
by Staff reporter

Civil servants blast Chinamasa

25 September 2014 | 2853 Views
The APEX Council, an umbrella body that represents all civil servant unions in the country, has torn into Finance minister Patrick Chinamasa's mid-term fiscal policy statement which it said spelt ...
by Staff reporter

Tendai Biti must offer solutions not just criticise, says Chinamasa

25 September 2014 | 2628 Views
FINANCE Minister Patrick Chinamasa on Wednesday told his predecessor, Tendai Biti, to offer solutions to the country's economic problems instead of just criticising.Chinamasa was responding to...
by Staff reporter

Tsvangirai's MPs reject Chinamasa's supplementary budget

24 September 2014 | 1426 Views
Opposition MPs yesterday continued piling brickbats on Finance minister Patrick Chinamasa for seeking to introduce a $1 billion supplementary budget at the same time conceding what government's re...
by Staff reporter

Chinamasa is clueless

24 September 2014 | 1228 Views
Jacob Mafume, MDC renewal team spokesperson, has labelled Finance minister Patrick Chinamasa as a clueless chap who does not even know when the mid-term fiscal statement should be presented.T...
by Staff reporter

Biti hits out at Chinamasa's feja-feja economics

24 September 2014 | 2297 Views
Former Finance Minister Tendai Biti yesterday described Finance Minister Patrick Chinamasa's mid-term fiscal policy statement as feja-feja economics because Chinamasa was spending money that the gover...
by Staff reporter

Chinamasa bemoans wage bill

24 September 2014 | 4254 Views
HARARE - The wage bill for civil servants is embarrassing and unsustainable, Finance minister Patrick Chinamasa said yesterday, echoing criticism from the International Monetary Fund (IMF) as the coun...
by Staff Reporter

Chinamasa admit to economic meltdown but not to the only solution of Zanu PF resigning

24 September 2014 | 3159 Views
It was a matter of time before this Zanu PF regime finally acknowledged that the economic meltdown affecting Zimbabwe is real, is getting worse and, most significantly, that the regime does not know ...
by Wilbert Mukori

Chinamasa extends begging bowl, queries isolation by World Bank, IFC

23 September 2014 | 2496 Views
Zimbabwe says there is no justification in the continued isolation of the local private sector by the World Bank's affiliate, the International Finance Corporation (IFC) as the local industry ha...
by Staff reporter

Debt stands in the way of Zimbabwe - China courtship

21 September 2014 | 1485 Views
In my last week column, I highlighted that there is a "beauty contest" for international capital.The RBZ, in it...
by Nesbert Ruwo

'Porous Zimbabwe border posts will deal Chinamasa huge blow'

21 September 2014 | 1717 Views
INDUSTRY and Commerce minister Mike Bimha says a raft of policy changes recently made by the government to stop the importation of cheap goods are unlikely to bear much fruit due to smuggling at the c...
by Staff reporter

Chinamasa should quit, says MDC-T

19 September 2014 | 1856 Views
MDC-T MPs on Wednesday called on Finance Minister Patrick Chinamasa to quit after he bungled procedures when he presented his mid-term fiscal policy review statement, forcing Parliament to suspen...
by Staff reporter

Chinamasa apologises to Parliament

18 September 2014 | 2252 Views
Finance minister Patrick Chinamasa came under criticism yesterday for failing to follow parliamentary procedure when he sought to introduce a supplementary budget in the National Assembly last wee...
by Staff reporter

Chinamasa plants seeds of a discontent

18 September 2014 | 2601 Views
You cannot re-engineer this economy through punitive measures.The seeds of mass discontent have been planted and it is our national duty as patriots to water these seeds with courage and sacri...
by Vince Musewe

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