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Zimbabwe teachers take salary fight to IMF
The Progressive Teachers Union of Zimbabwe will be meeting the International Monetary fund five-member mission on Tuesday to Zimbabwe to discuss labour issues.In a letter written by IMF's Beat...Published: 16 hrs ago | 1679 | by Mandla Ndlovu
Zimbabwe economic pain not being shared
Finance minister Mthuli Ncube's recent confirmation that government will soon buy vehicles for parliamentarians exposes government's insincerity in tackling its ballooning budget deficit.It al...Published: 19 hrs ago | 2794 | by Staff reporter
'Mthuli Ncube's 2c tax unsustainable'
Industry says the controversial Intermediary Money Transfer Tax should be amended in the upcoming 2019 National Budget to improve the ease of doing business in the country.The Confederation of...Published: 20 hrs ago | 2249 | by Staff reporter
Zimbabwe's economic recovery is possible but whilst the country remains a pariah state, it is IMPOSSIBLE!
"AfDB President, Akinwumi Adesina, told journalists in Johannesburg this week that while Zimbabwe is making progress, its economy and relations with lenders are still a way from being repaired," repor...Published: 23 hrs ago | 993 | by Nomusa Garikai
Mthuli Ncube under fire
Finance minister Mthuli Ncube has come under heavy fire after signalling his intention to acquire vehicles for the country's lawmakers as well as paying the thirteenth cheque for government's 550 000 ...Published: 24 hrs ago | 4991 | by Staff reporter
Panic as Mnangagwa targets cash barons' bank accounts
BOGUS businesspersons operating briefcase companies that fed on government tender manipulation and kickbacks to amass wealth are reportedly in panic mode after the State said it would use the Zimbabwe...Published: 24 hrs ago | 7298 | by Staff reporter
Allocate reasonable budget to Parly, begs Mudenda
SPEAKER of the National Assembly Jacob Mudenda has called on the Finance ministry to allocate a reasonable budget to Parliament as well as prioritise the construction of the new Parliament building in...Published: 12 Nov 2018 at 05:39hrs | 89 | by Staff reporter
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 848 | by Eddie Cross
Zanu-PF bigwigs throng Harare court
It was an extraordinary week at the Harare Magistrates' Courts that saw four high-profile figures appearing in court on the same day, facing various charges.It was therefore a hive of activity...Published: 11 Nov 2018 at 16:30hrs | 2275 | by Staff reporter
Forex shortages cripple cooking oil maker
Surface Wilmar, the country's largest cooking oil manufacturer, says it owes its external suppliers US$22 million because of acute foreign currency shortages locally.The revelations were made ...Published: 11 Nov 2018 at 12:24hrs | 561 | by Staff reporter
Questions Mthuli Ncube won't answer
With the economy in a tailspin, Finance minister Mthuli Ncube's role has become ever so important, but instead of being accessible, he has shied away from the media.In the past few weeks, his ...Published: 11 Nov 2018 at 12:10hrs | 999 | by Staff reporter
Mthuli Ncube tax evokes memories of 2008 crisis in Zimbabwe
When Zimbabwean President Emmerson Mnangagwa appointed a comparatively youthful, Cambridge-trained economist as finance minister in September, he gave him an almost impossible task: repay billions of ...Published: 11 Nov 2018 at 10:25hrs | 1104 | by Bloomberg
Mthuli screwing Zimbabweans but assures MPs vehicles
Finance minister Mthuli Ncube has promised to buy vehicles for parliamentarians, although there are still deliberations over the modalities."I am on the side of making sure that you get your v...Published: 10 Nov 2018 at 16:47hrs | 3318 | by Staff reporter
'2019 budget deficit will be 4% of GDP'
FINANCE minister Mthuli Ncube has indicated that the 2019 national budget would reduce budget deficit to 4% of gross domestic product (GDP) in 2019, and subsequently to 2,4% in the following year....Published: 10 Nov 2018 at 11:04hrs | 1475 | by Staff reporter
Budget should address economic fundamentals, Mthuli Ncube urged
REPRESENTATIVES from various sectors of business have challenged Finance minister Mthuli Ncube to address critical issues such as the budget deficit and currency reforms when he presents the 2019 Nati...Published: 10 Nov 2018 at 11:03hrs | 143 | by Staff reporter
Unexpalined wealth: Mnangagwa digs in
Wealthy Zimbabweans are in for a fix after President Mnangagwa has pronounced they must explain their source of wealth otherwise it will be deemed as ill gotten wealth. "People should...Published: 10 Nov 2018 at 09:31hrs | 11964 | by Mandla Ndlovu
Greedy MPs demand vehicles from cash strapped Zimbabwe govt
LEGISLATORS have said the Government has taken too long to buy them service vehicles with the issue being among the most topical during the ongoing 2019 Parliamentary pre-budget seminar in Bulawayo. ...Published: 10 Nov 2018 at 09:15hrs | 450 | by Staff Reporter
Reality check for Mthuli Ncube
Under-pressure Finance minister Mthuli Ncube faces a tough task in balancing policy measures that stabilise the economy and populist demands from the ruling party when he presents his much-awaited N...Published: 09 Nov 2018 at 17:18hrs | 4164 | by Staff reporter
Mangudya lost his cool under pressure from legislators
RESERVE Bank of Zimbabwe (RBZ) governor John Mangudya - who is usually calm and patient - yesterday lost his cool under pressure from legislators at a pre-budget seminar in Bulawayo who took him to ta...Published: 09 Nov 2018 at 16:41hrs | 5050 | by Staff reporter
Police okay teachers' march
Teachers protesting against deteriorating conditions of service have been given the green light by police to picket at Public Service Medical Aid Society (Psmas) and government offices in Harare....Published: 09 Nov 2018 at 15:41hrs | 1103 | by Staff reporter
Is Tobin tax regime helpful?
Against the backdrop of the ongoing debate and rhetoric about the recently proposed 2% transaction tax which was announced by Finance minister Mthuli Ncube, ostensibly to widen Zimbabwe's tax base....Published: 09 Nov 2018 at 06:21hrs | 1034 | by Colls Ndlovu
Chivayo, Chinamasa links exposed
FORMER Finance minister Patrick Chinamasa's daughter, Kangai (38), claims she was assisting embattled businessman and Intratrek owner Wicknell Chivayo purchase "equipment" in the United States when so...Published: 09 Nov 2018 at 05:18hrs | 4557 | by Staff reporter
Government drops duty on sanitary pads
GOVERNMENT has removed duty on sanitary pads, a move likely to be welcomed by women as the price of basic toiletries is now beyond the reach of many. Gender activists and legislators have over the yea...Published: 09 Nov 2018 at 05:04hrs | 573 | by Staff reporter
Banks fear hyperinflation return in plea for Zimbabwe reforms
Zimbabwean banks urged the government to introduce wide-ranging reforms amid signs the country is facing an economic crisis reminiscent of a hyper-inflationary spiral a decade ago.Finance Mini...Published: 08 Nov 2018 at 19:13hrs | 4030 | by Bloomberg
Mnangagwa targets finance criminals
President Emmerson Mnangagwa has talked tough of criminals who are siphoning public funds assuring the nation that they will face the full wrath if the law. Mnangagwa was officiating the Publi...Published: 08 Nov 2018 at 09:58hrs | 4493 | by Mandla Ndlovu
Knives out for Obert Mpofu
It never rains but pours for Obert Mpofu, the Zanu PF secretary for administration who is being frustrated by a group of former liberation war fighters who want him out. Dr Mpofu is topping th...Published: 08 Nov 2018 at 06:59hrs | 10058 | by Staff reporter
'Chinamasa's son benefited from Chivayo's ZPC loot'
Former Finance minister Patrick Chinamasa's son, Kangai was yesterday named in court as one of the beneficiaries of the over $5 million advanced to businessman, Wicknell Chivayo by the Zimbabwe Power ...Published: 08 Nov 2018 at 05:46hrs | 2898 | by Staff reporter
Fadzayi Mahere's letter to Mthuli Ncube
Top lawyer and civil rights activist, Advocate Fadzai Mahere has taken it upon herself to seek clarification from Finance Minister Mthuli Ncube on what President Mnangagwa really meant when he said we...Published: 07 Nov 2018 at 16:37hrs | 10320 | by Mandla Ndlovu
Zimbabwe fuel supplies back to normal
Petrol supplies have returned to normalcy at most service stations, while diesel is still in short supply.Zimbabwe was rocked by fuel shortages soon after Finance minister Mthuli Ncube announc...Published: 07 Nov 2018 at 11:03hrs | 2310 | by Staff reporter
Mthuli Ncube to present 2019 budget on November 22
FINANCE minister Mthuli Ncube has said he will present his maiden budget statement on November 22, in what will be a litmus test of how he will address Zimbabwe's economic crisis.Shortages of ...Published: 07 Nov 2018 at 06:07hrs | 909 | by Staff reporter
Zimra in corruption clean-out
CONFUSION reigned supreme within the Zimbabwe Revenue Authority (Zimra) yesterday following reports that as many as eight senior managers had been suspended on corruption charges.Zimra Commiss...Published: 07 Nov 2018 at 06:06hrs | 774 | by Staff reporter
Chinamasa sucked into Chivayo scam
FORMER Finance minister Patrick Chinamasa was yesterday named as the official who advised Zimbabwe Power Company (ZPC) to raise $5 million to pay businessman, Wicknell Chivayo for the Gwanda Solar pro...Published: 07 Nov 2018 at 06:00hrs | 964 | by Staff reporter
Mnangagwa puts Mutsvangwa to the sword
Deputy Chief Secretary to the President and Cabinet responsible for presidential communications George Charamba (GC) says President Emmerson Mnangagwa's former special advisor, Chris Mutsvangwa, shoul...Published: 06 Nov 2018 at 18:38hrs | 15649 | by Staff reporter
Acie Lumumba arrested?
There are online reports that whistleblower William Gerald Mutumanje (Acie Lumuba) was picked up by the Zimbabwe Anti-Corruption Commission (ZACC) on Tuesday afternoon. The charges levelled against th...Published: 06 Nov 2018 at 14:57hrs | 11307 | by Mandla Ndlovu
Mnangagwa's pronouncement on Mthuli Tax a welcome relief
President Emmerson Mnangagwa's recent announcement that he will review the two cents per dollar transaction tax is a welcome relief to long-suffering Zimbabweans.The new tax regime introduced ...Published: 06 Nov 2018 at 11:49hrs | 12462 | by Staff reporter
Terence Mukupe relocates to Mozambique?
There has been high speculation that Former Finance deputy minister Terence Mukupe has relocated to Mozambique after he posted a Facebook picture of himself in Beira and captioned it: I love my new ho...Published: 06 Nov 2018 at 09:02hrs | 11230 | by Mandla Ndlovu
Zimbabwe should take advantage of Intra-African Trade Fair'
FINANCE minister Mthuli Ncube yesterday said Zimbabwe should take advantage of the upcoming Intra-African Trade Fair (IATF) set for next month in Egypt to improve export market diversification and tap...Published: 06 Nov 2018 at 05:42hrs | 126 | by Staff reporter
Petrol prices fall in Zimbabwe
AFTER weeks of chaos, fuel prices in the country fell by at most four cents, with Energy minister Joram Gumbo attributing this to a dip in international crude oil margins.A survey around Harar...Published: 06 Nov 2018 at 05:37hrs | 2218 | by Staff reporter
Lumumba to be probed by ZAAC?
More details have emerged of rabble-rousing influence peddler William Gerald Mutumanje's recent hatchet job on top Reserve Bank of Zimbabwe (RBZ) officials and businessman Kudakwashe Tagwirei - all of...Published: 05 Nov 2018 at 13:41hrs | 3359 | by Staff reporter
Mnangagwa to review Mthuli Ncube's 2% tax again
President Emmerson Mnangagwa says he will soon revise again under-fire Finance minister Mthuli Ncube's controversial two cents per dollar transaction tax - which caused widespread panic in the country...Published: 05 Nov 2018 at 13:40hrs | 4368 | by Staff reporter
Mthuli Ncube told to get his 2% tax from diamond looters
VILLAGERS in Marange villagers have fiercely rebuffed the 2% electronic payments tax recently introduced by finance minister Mthuli Ncube saying the treasury chief must, alternatively, hunt down billi...Published: 05 Nov 2018 at 06:08hrs | 3908 | by Staff reporter
Lumumba spills the beans
In a shocking claim which could put under pressure Finance minister Mthuli Ncube under further political scrutiny, rabble-rousing influence peddler - William Gerald Mutumanje - is spilling the beans o...Published: 04 Nov 2018 at 12:46hrs | 10970 | by Staff reporter
Mnangagwa says Mangudya beyond reproach
Despite explosive broadsides being fired at the Reserve Bank of Zimbabwe (RBZ) governor John Mangudya, the 55-year-old neoclassical economist-turned banker will stay on in his job until February 2023....Published: 04 Nov 2018 at 12:43hrs | 3448 | by Staff reporter
Mthuli Ncube probes cooking oil shortages
Finance minister Mthuli Ncube has commenced touring manufacturing firms, starting with a visit to Surface Wilmer, the largest cooking oil manufacturer in Zimbabwe.Surface Wilmar (Pvt) Ltd, sit...Published: 04 Nov 2018 at 12:40hrs | 2347 | by Staff reporter
Mthuli Ncube's 2% tax ill-thought out, says govt
GOVERNMENT has admitted to not seeing the adverse market effects of its 2% tax on electronic or mobile money transfer transactions, amid revelations that corporate earnings are expected to be weighed ...Published: 04 Nov 2018 at 08:57hrs | 1155 | by Staff reporter
Mthuli Ncube pushes for new RBZ governor?
FINANCE Minister Mthuli Ncube is trying to impose top economist Andrew Bvumbe as the new Reserve Bank of Zimbabwe (RBZ) governor to replace the incumbent John Mangudya following the expiry of his empl...Published: 03 Nov 2018 at 13:01hrs | 6787 | by Staff reporter
The ball is now in Mnangagwa's court
The banking sector - which plays a vital role in financial intermediation as well as other critical functions which collectively are the lifeblood of the economy - should be commended for presenting a...Published: 03 Nov 2018 at 12:57hrs | 2054 | by Editorial - The Independent
'Women reeling from impact of Mthuli Ncube tax'
Government's new monetary policy is adversely affecting the quality of life of women, the Women's Coalition of Zimbabwe (WCoZ) has said.WCoZ said the new tax on electronic payments has overbur...Published: 03 Nov 2018 at 10:07hrs | 1590 | by Staff reporter
Zimbabwe gets $1 billion bailout?
The African Export Import Bank (Afreximbank) has extended a $1 billion loan to Zimbabwe to guarantee the convertibility value of Real Time Gross Settlement (RTGS) balances into United States dollars a...Published: 02 Nov 2018 at 15:08hrs | 13620 | by Staff reporter
Lumumba to spill more beans on Sunday
Controversial activist Acie Lumumba is threatening to spill more beans on Sunday, barely a week after his exposé ruffled feathers in the corridors of power.The self-proclaimed corruption bust...Published: 02 Nov 2018 at 12:28hrs | 4863 | by Staff reporter
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