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Sports and Recreation Commission's books in shambles
THE Sports and Recreation Commission's ability to continue as a going concern is in significant doubt after it recorded an accumulative loss of over $1 million, according to a report by the Auditor-Ge...Published: 17 Aug 2019 at 08:22hrs | 116 | by Staff reporter
'Tollgate fees hike unconstitutional'
THE steep hike in tollgate fees by Finance minister Mthuli Ncube is unconstitutional and legislators must unanimously block the move, a top MDC official has said.Mbizo MP Settlement Chikwinya ...Published: 05 Aug 2019 at 13:18hrs | 2735 | by Staff reporter
Mthuli Ncube closes illegal forex tap on mobile money
THE transfer of funds from mobile money transfer agents to recipients will now be subjected to taxation as Treasury moves to plug out rampant illegal foreign currency deals being conducted via the cas...Published: 03 Aug 2019 at 09:44hrs | 3771 | by Staff reporter
Parly raps Multichoice over forex payments
Parliamentarians yesterday rapped Multichoice Zimbabwe for demanding payment of DStv subscriptions in foreign currency. It also emerged that Multichoice was obliged to carry Zimbabwe television networ...Published: 26 Jul 2019 at 08:03hrs | 315 | by Staff reporter
'Nostro accounts balances won't be compensated'
Balances in nostro foreign currency accounts will not be compensated as they are currently not covered by the Deposit Protection Corporation (DPC), in the event of bank failure, an official has said. ...Published: 24 Jul 2019 at 08:06hrs | 595 | by Staff reporter
Zimbabwe nostro accounts have no deposit cover
Nostro account holders in Zimbabwe have no fall back in the event of bank failures amid startling revelations their accounts do not have deposit cover.Deposit Protection Corporation (DPC) chai...Published: 23 Jul 2019 at 14:53hrs | 3582 | by Staff reporter
Calls mount for NAC board reconstitution
STAKEHOLDERS have scaled up calls on the Health minister Obadiah Moyo and Health Services Board (HSB) to urgently reconstitute the National Aids Council (NAC) board and appoint a substantive chief exe...Published: 23 Jul 2019 at 08:29hrs | 203 | by Staff reporter
Chaos, corruption in councils
THIS continues from last week as we look at actual examples of some of the rot happening in councils reported in the Auditor-General's Report for Local Authorities 2018.The report shows the ex...Published: 20 Jul 2019 at 14:28hrs | 794 | by Miriam Tose Majome
Telecomms a new loss making business in Zimbabwe?
Zimbabwe mobile network operators have seen revenue decline and reporting break evens, in this highly inflationary environment. If this persists at this rate, they will be soon reporting loses as the ...Published: 18 Jul 2019 at 08:04hrs | 609 | by Staff reporter
Bonyongwe suffers strange break-ins
POLICE are investigating two cases where unknown assailants broke into former Central Intelligence Organisation (CIO) director-general Happyton Bonyongwe's offices and vehicle, getting away with docum...Published: 11 Jul 2019 at 07:55hrs | 5175 | by Staff reporter
Mthuli Ncube to buy cars for Ministers and raise price of fuel
Finance and Economic Development Minister Mthuli Ncube has announced that he will be sanctioning the purchasing of vehicles for Ministers and Members of parliament this week after a long period of aus...Published: 10 Jul 2019 at 09:14hrs | 11472 | by Mandla Ndlovu
Govt mulls scrapping forex duty for vehicles
TREASURY is considering scrapping the payment of duty for vehicles in foreign currency when it presents the mid-year fiscal policy at the end of this month, it has been revealed.On June 24, th...Published: 07 Jul 2019 at 21:30hrs | 1559 | by Staff reporter
Mnangagwa gets honorary PhD degree
THE University of Zambia (UNZA) yesterday conferred Special Honorary PhD Law Degrees to President Emmerson Dambudzo Mnangagwa and his Zambian counterpart Edgar Lungu in recognition of transforma...Published: 30 Jun 2019 at 08:02hrs | 1531 | by Staff Reporter
Mnangagwa purges NPA officials
PRESIDENT Emmerson Mnangagwa has moved to purge senior military officials seconded to the National Prosecuting Authority (NPA), a constitutional body which institutes criminal proceedings on behalf of...Published: 21 Jun 2019 at 07:51hrs | 6675 | by Staff reporter
Zimbabwe has an artisan shortage, here is how to fix it
ACCORDING to Zimstat, Zimbabwe had 93 714 university students as at August 2017, but only 25 952 polytechnic students. Harare, Zimbabwe's capital city, has six universities, but only one polytechnic....Published: 18 Jun 2019 at 08:06hrs | 1148 | by Jacob Kudzayi Mutisi
Mnangagwa swoops on cartels and monopolies over pricing
GOVERNMENT has begun enforcing a combination of strategies to break monopolies and foster competition among companies in key sectors providing basic commodities, which have come under siege from price...Published: 16 Jun 2019 at 09:33hrs | 1718 | by Staff reporter
Rural teachers thrown to the deep end
With learners at heart, pregnant with a passion of serving the nation and refining young brains into doctors, engineers, lawyers and accountants among other professions, *Mrs Bongiwe Nyoni welcomed he...Published: 08 Jun 2019 at 07:54hrs | 1095 | by Staff reporter
Mnangagwa's govt to descend on economic saboteurs
Government has begun a process to formulate a law to deal with cartels and corporates that are allegedly monopolising their sectors for profiteering purposes.Addressing a post-Cabinet Press co...Published: 05 Jun 2019 at 19:14hrs | 3244 | by Staff reporter
Mnangagwa confronts cartels
President Mnangagwa is today expected to launch the Tripartite Negotiating Forum Act to pave way for the establishment of a platform of social partners - Government, labour and business - to discuss p...Published: 05 Jun 2019 at 07:30hrs | 5992 | by Staff Reporter
Zifa in $700k scam
At least US$700 000 disbursed by the world's soccer governing body Fifa disappeared from a Zifa account and found its way into private bank accounts of some of the association's executive members, cou...Published: 04 Jun 2019 at 07:11hrs | 602 | by Staff reporter
ARVs shortage looms: NAC
Zimbabwe is facing serious shortages of life-saving HIV drugs following the devaluation of the local currency, which wiped away funds collected by the National Aids Council through the Aids levy....Published: 02 Jun 2019 at 09:09hrs | 480 | by Staff reporter
Zimra dollarises border charges
Government has made sweeping changes to its warehousing and physical examinations charges at Beitbridge Border Post with all foreign-registered vehicles now being levied in hard currency.Previ...Published: 23 May 2019 at 06:47hrs | 6338 | by Staff reporter
Patriotic Union of MaNdebeleland
While I was going through my archives I came across the Election Manifesto below. Quite interesting.PATRIOTIC UNION OF MANDEBELELAND (PUMA)ELECTION MANIFES...Published: 21 May 2019 at 12:35hrs | 3870 | by PUMA
Zimbabwe should fully liberalize the petroleum industry
It has become apparent that the Zimbabwean government is failing to sustain its fuel subsidy in the economy due to foreign currency shortages. The rationale for such a subsidy has been to bring price ...Published: 18 May 2019 at 18:23hrs | 610 | by Victor Bhoroma
How Mnangagwa's government is perpetuating fuel crisis
When the fuel crisis escalated last January, President Emmerson Mnangagwa was forced to announce a 150% price increase.Amid the outrage and riots which followed, one important detail went larg...Published: 15 May 2019 at 08:11hrs | 1676 | by newZWire
Matebeleland South gold wars turn bloody as gangs rampage
Avigilant Masotsha considers himself lucky to be alive.Masotsha, who hails from Kwekwe, was one of the more than 20 illegal miners who were panning for gold underground when a tunnel suddenly ...Published: 12 May 2019 at 06:31hrs | 768 | by Staff reporter
Mvurwi farmers refuse to pay dipping levy
Majority of livestock farmers in Mvurwi are reluctant to pay the RTGS$2 per beast dipping fee. The levy is paid every year despite the area being affected by the deadly disease foot and mouth recently...Published: 30 Apr 2019 at 11:15hrs | 1866 | by Simbarashe Sithole
Mthuli Ncube resolves govt budget deficit challenges
Consolidated statements of financial performance gazetted on Friday have revealed a strong positive variance between expenditure and expenses, indicating that Government may have found a lasting solut...Published: 29 Apr 2019 at 06:47hrs | 3181 | by Staff reporter
Zimbabwe black market running amok
GOVERNMENT is facing renewed pressure on the economic front, with the parallel foreign currency market once again running amok — pushing the prices of basic consumer goods like bread beyond the reac...Published: 17 Apr 2019 at 07:25hrs | 31662 | by Staff reporter
Tobacco income down 76%
TOBACCO sales have generated $19,4 million in the first 17 days of the marketing season this year compared to $81 million realised over the same period last year, statistics from the industry regulato...Published: 15 Apr 2019 at 06:49hrs | 1229 | by Staff reporter
'Schools hiking fees'
MOST schools are hiking their tuition fees and levies to enable them to survive the harsh economic climate, the Daily News can report.The fee increases put a heavy burden on struggling parents...Published: 11 Apr 2019 at 16:09hrs | 1333 | by Staff reporter
Parly raises red flag over Zinara graders repair costs
THE Parliamentary Public Accounts Portfolio Committee (PAC) last week grilled Univern over its supply of 80 graders with snow ploughs to the Zimbabwe National Road Administration (Zinara) in 2012 at a...Published: 09 Apr 2019 at 07:39hrs | 704 | by Staff reporter
Forex duty on vehicles to stay, says Mthuli
VEHICLE importers will continue to pay duty in foreign currency despite the introduction of the interbank foreign currency market, as Government seeks to promote policy consistency. This was s...Published: 09 Apr 2019 at 07:21hrs | 1365 | by Staff reporter
Zimra targets tax dodgers
WHEN the taxman pays an impromptu visit, they all shut their doors; and when he calls-in everyone stampedes for the exits just to get a good reason to say "no one heard the call".Very few peop...Published: 07 Apr 2019 at 16:18hrs | 2151 | by Staff reporter
'2 more years for austerity measures to start bearing fruit'
FINANCE Minister Mthuli Ncube says Zimbabweans shall have to wait for two years to start feeling any positive impact of his controversial austerity measures he introduced late last year."I thi...Published: 06 Apr 2019 at 07:58hrs | 1379 | by newzimbabwe
Mthuli tax collections playing a key role in the economy
Finance and Economic Development Minister Professor Mthuli Ncube says the Government will continue doing the right thing even when it's not popular, saying the Intermediated Money Transfer Tax (IMTT),...Published: 06 Apr 2019 at 07:51hrs | 225 | by Staff reporter
Potraz adopts new tariff model
The Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz) has moved away from a fixed model for determining the various tariffs for telecommunications operators to a flexible model. ...Published: 04 Apr 2019 at 06:45hrs | 248 | by Staff reporter
NetOne hikes prices too
Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) has approved request made by state-owned mobile operator NetOne to increase tariffs effective 1 April 2019, ...Published: 30 Mar 2019 at 22:15hrs | 1975 | by Staff reporter
Govt, Zimra authorities in standoff over 2% tax
A standoff - which disrupted the start of the tobacco marketing season last week - has erupted between the Finance Ministry and the Zimbabwe Revenue Authority (Zimra) over the operationalisation of th...Published: 29 Mar 2019 at 12:07hrs | 1628 | by Staff reporter
National Aids Council splurges fortune on executives' cars
The National Aids Council (Nac) sold cars to its executives for $1 each in October last year, and is now paying the executives $2 000 per month each, for using the same vehicles, since Nac has not yet...Published: 25 Mar 2019 at 22:57hrs | 1569 | by Staff reporter
Govt dismisses cyclone rip-off
Government and the ruling Zanu-PF have dismissed circulating reports alleging that some homeless victims of Cyclone Idai in Bikita were being ripped off through paying a daily levy for accommodation, ...Published: 23 Mar 2019 at 05:49hrs | 1003 | by Staff reporter
Zesa's govt subsidies now unsustainable
UNECONOMIC electricity tariffs and high country risk have resulted in state power utility Zesa Holdings subsidiary, Zimbabwe Electricity Transmission and Distribution Company (ZETDC), planning massive...Published: 15 Mar 2019 at 17:12hrs | 735 | by Staff reporter
Wadyajena torments ex-minister Chinamasa's wife
PARLIAMENT'S Lands Committee chair Justice Wadyajena Tuesday gave former Finance Minister Patrick Chinamasa's wife and her Tobacco Industry and Marketing Board (TIMB) colleagues a good tongue-lashing ...Published: 13 Mar 2019 at 07:12hrs | 3916 | by newzimbabwe.com
Headmaster sucked into $50 000 misappropriation whirlpool
HAMILTON High School in Bulawayo has been rocked by allegations of embezzlement of funds running into thousands of dollars allegedly "masterminded" by the school's headmaster Jamani Fuyana.The...Published: 08 Mar 2019 at 07:21hrs | 1238 | by Staff reporter
Please Mthuli, tax these bastards!
"The Lord gave and the Lord has taken away; may the name of the Lord be praised."Hallelujah!A story is often told of how Charles Mungoshi was once invited for a book reading of his Sho...Published: 24 Feb 2019 at 06:36hrs | 585 | by Bishop Lazarus
Minister Ncube's 2% tax caused 16% economic decline - austerity for pain's sake, no gain
"Finance minister Professor Mthuli Ncube introduced the 2% per every dollar transaction tax in October last year as part of his "austerity for posterity" measures in a development which saw him receiv...Published: 15 Feb 2019 at 09:45hrs | 2337 | by Nomusa Garikai
Zimbabwe property owners charge rentals in forex
PROPERTY owners are now demanding rentals in foreign currency as the local unit continues to rapidly lose value against the US dollar, businessdigest has learnt.The trend of charging goods and...Published: 15 Feb 2019 at 08:21hrs | 745 | by Staff reporter
ARV shortage looms
GOVERNMENT says it is expecting a deficit in antiretroviral (ARV) drugs between now and 2020 due to an increase in uptake of the HIV and Aids treatment programme.The Health and Child Care mini...Published: 13 Feb 2019 at 08:41hrs | 1307 | by Staff reporter
2c tax yields $50m in January
TREASURY collected a total of $50 million in January 2019 alone through the two percent electronic transfer tax from the transacting public, a senior Government official has said. Accountant-G...Published: 12 Feb 2019 at 22:23hrs | 541 | by Staff reporter
Stay out of Zimbabwe's business, analysts advise SA's 'Uncle Tom'
Political analysts have warned DA leader Mmusi Maimane against intervening in Zimbabwe after he wrote to President Emmerson Mnangagwa asking to meet over the ongoing crisis in the neighbouring country...Published: 02 Feb 2019 at 05:53hrs | 602 | by Staff reporter
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