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Chinamasa unveils $4.1 billion 2015 budget

27 November 2014 | 1880 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 | 2139 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 | 1276 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 | 2073 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 | 2770 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 | 1887 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 | 2631 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 | 2611 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 | 3885 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 | 4067 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 | 8147 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 | 1937 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 | 1653 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 | 1878 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 | 1584 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 | 1671 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 | 13346 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 | 5392 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 | 2021 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 | 2098 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 | 2760 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 | 2544 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 | 1377 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 | 1203 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 | 2220 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 | 4107 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 | 3075 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 | 2349 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 | 1422 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 | 1660 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 | 1787 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 | 2215 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 | 2461 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

'Zimbabwe economy could collapse on Zimdollar reintroduction'

17 September 2014 | 3136 Views
ZIMBABWE'S economy risks collapsing if the country prematurely re-introduces the local currency, Finance Minister Patrick Chinamasa has said.The country adopted a basket of multi-currencie...
by Staff reporter

Chinese ambassador elaborates on Mugabe's China visit

17 September 2014 | 1304 Views
China and Zimbabwe signed nine bilateral cooperation agreements during Zimbabwean President Robert Mugabe's recent state visit to China, as the two countries strengthened economic and political relati...
by Xinhua

Chinamasa exposed

17 September 2014 | 3475 Views
Speaker of the National Assembly Jacob Mudenda yesterday ruled as null and void an attempt by Finance minister Patrick Chinamasa to smuggle in a supplementary budget as part of his Mid-Term Fiscal Pol...
by Staff Reporter

Mugabe discusses Mnangagwa power handover in China?

16 September 2014 | 29865 Views
In the most clearest of signs yet, that justice minister Emmerson Mnangagwa, is all but about to take over power as the next Zimbabwean Head of State, President Robert Mugabe is reported to have disc...
by Itai Mushekwe/ Nancy Mabaya/ Mary-kate Kahari

The Chinese are in Zim, the Russians are coming but as vultures to join in the plunder

14 September 2014 | 3042 Views
“Both China and Russia have now seen and appreciated Mugabe's thesis that superpowers are born through beneficent relations with the rest of the Third World, never through isolationism, never throug...
by Wilbert Mukori

Zimbabweans should brace for excessive price hikes

14 September 2014 | 1898 Views
Crisis-weary Zimbabweans should brace themselves for excessive price hikes and food shortages in the coming months following government's increase of duty on a number of basic food commodities....
by Staff reporter

Chinese are here, the Russians are coming & the Western world quakes, courts

13 September 2014 | 2519 Views
THE Chinese are here. The Russians are coming. The Western world quakes, courts. But this is not a poem, can't be. Reality is always deeper, more problematic than rhyme. It needs reason. Then bold...
by Nathaniel Manheru

Mugabe scoffs at critics that expected him to bring loads of cash from China

12 September 2014 | 1831 Views
President Mugabe yesterday scoffed at critics that expected him to bring loads of cash after his State visit to China, saying such people were not conversant with how governments operate.The P...
by Farirai Machivenyika

'Be wary of Mugabe's China deals'

12 September 2014 | 1049 Views
MDC-T has called on Parliament to scrutinise "mega deals" negotiated by President Mugabe and a team of ministers in their recent trip to China.Party Harare provincial spokesperson Obert Gu...
by Staff Reporter

Zimbabwe introduces 5% duty on airtime, 25% duty on mobile phone handsets

11 September 2014 | 8445 Views
Finance Minister Patrick Chinamasa has said that he will levy excise duty of 5% on air time for voice and data with effect from September 15. Chinamsa said customs duty at 25% on mobile hands...
by Staff reporter

Chinamasa confess Zanu PF borrowed and never paid back

11 September 2014 | 2889 Views
The Harare meeting where Finance Minister Patrick Chinamasa promised to reveal all the details of the mega-deals Zimbabwe signed with china last week has turned out to be a none-event. The Minister an...
by Wilbert Mukori

Chinamasa set to real China mega deal - Chinese acupuncture will not cure of cancer

10 September 2014 | 1985 Views
According to a report in New Zimbabwe, Zimbabwe's Minister of Finance, Patrick Chinamasa has called the nation's leaders of industry and all other interested parties to the Harare International Confer...
by Wilbert Mukori

Chinese to go to war with Japan?

10 September 2014 | 2952 Views
Tokyo - More than half of Chinese people think their country could go to war with Japan in the future, a new poll revealed Wednesday, after two years of intense diplomatic squabbles.A survey c...
by Staff reporter

Zimbabwe pays almost R2 billion to service Chinese loans

10 September 2014 | 2991 Views
Zimbabwe has spent $180m (about R2bn) in unbudgeted expenditure to service outstanding loans from China in an effort to improve relations and encourage new financial support, Finance Minister Patrick ...
by Reuters

Mugabe's ZimAsset got no takers in China

09 September 2014 | 1965 Views
Fellow Zimbabweans ZimAsset got no takers in China, no money for this economic façade called Zim Asset but tangibles promises that is how my fellow Cdes in the nationalist party are saying. ...
by Tawanda Tichafa Mwendamberi Mutemanadzo

Chinamasa to unpack China trip

09 September 2014 | 1135 Views
Finance Minister Patrick Chinamasa will tomorrow unpack the vast opportunities unlocked by President Mugabe's visit to China last month at a breakfast for captains of industry, diplomats and the i...
by Staff reporter

Mugabe bluffing, trip to China wont stop economic meltdown!

08 September 2014 | 2522 Views
The West imposed sanctions on Mugabe in 2002 and he countered by announcing his "Look East" policy. But as the Zimbabwe economy continued to go down the tube Mugabe reverted to the mantra of blaming t...
by Wilbert Mukori

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