Search / Levy
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 | 30289 | 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 | 1150 | 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 | 1133 | 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 | 672 | 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 | 1341 | 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 | 2076 | 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 | 1338 | 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 | 239 | 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 | 1054 | 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 | 1594 | 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 | 1537 | 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 | 1001 | 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 | 715 | 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 | 3894 | 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 | 1086 | 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 | 581 | 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 | 2320 | 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 | 561 | 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 | 1289 | 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 | 538 | 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 | 596 | by Staff reporter
Chamisa calls for SADC intervention in Zimbabwe crisis - Fulltext
Text of speech by MDC leader Nelson Chamisa as prepared for delivery at a news conference in Harare on Tuesday, January 29:THE situation in the country...Published: 30 Jan 2019 at 08:10hrs | 1262 | by Nelson Chamisa
Chamisa's full statement on army killings
The situation in the country has reached crisis levels. The country is currently mired in a multi-layered political, economic, social and humanitarian crisis. Added to this is the latest onslaught by ...Published: 29 Jan 2019 at 14:04hrs | 2328 | by Nelson Chamisa
Mthuli Ncube's mobile transfer tax injects $177 million in three months
THE 2 percent mobile transfer tax introduced by government late last year has injected $177 million into the economy, the country's tax collector has revealed.According to the Zimbabwe Revenue...Published: 26 Jan 2019 at 16:55hrs | 1906 | by newzimbabwe
Zimbabwe eyes rejoining London Bullion Market
Zimbabwe is targeting to upscale its engagement for re-accreditation into the London Bullion Market this year as the government seeks to optimize earnings from gold by participating on a global market...Published: 19 Jan 2019 at 19:06hrs | 2803 | by Staff reporter
Zimbabwe businesses losing millions as shutdown continues
Businesses in Zimbabwe are losing millions of dollars per day as a shutdown protest - called for by the country's biggest labour union body - continues over a sudden 150% hike in fuel prices. ...Published: 15 Jan 2019 at 21:10hrs | 1507 | by Staff reporter
Stiff penalties for errant fuel firms
Owners of oil companies and service stations that cheat in buying or selling fuel face heavy penalties under new regulations gazetted at the weekend which also show that almost all the fuel price incr...Published: 14 Jan 2019 at 15:15hrs | 248 | by Staff reporter
Gweru 'ignores' typhoid victim lawsuit
GWERU City Council is yet to respond to a letter of demand filed by former MDC councillor Clemence Kwaru, who is demanding $9 000 compensation after contracting typhoid from tap water supplied by the ...Published: 10 Jan 2019 at 08:19hrs | 241 | by Staff reporter
Jonathan Moyo to be stripped of UZ degrees?
Exiled former G40 Kingpin Professor Jonathan Moyo risks having his University of Zimbabwe acquired degrees withdrawn if ousted UZ Vice Chancellor Levi Nyagura is found guilty of awarding former First ...Published: 08 Jan 2019 at 17:06hrs | 8257 | by Mandla Ndlovu
$3m to fight cancer
Government will this year release US$3 million in support for cancer programmes.As resources become available, there are also plans to establish a fully-fledged cancer hospital.Current...Published: 07 Jan 2019 at 09:02hrs | 165 | by Staff reporter
Harare sued over $1,3m water levy debt
THE Harare City Council has been hauled to court over a $1 386 832 water levy debt owed to Upper Manyame Sub-Catchment Council (UMSCC) for water drawn from Chivero, Manyame, Seke and Harava dams....Published: 07 Jan 2019 at 08:46hrs | 164 | by Staff reporter
CZI is right: Dollarisation is bad for Zimbabwe
It is not a secret that I am not a fan of the current government's economic policies and choices.I especially find it reprehensible that they continue to avoid solving the prevailing currency ...Published: 05 Jan 2019 at 17:13hrs | 494 | by Garikai Dzoma
Chamisa tells Mnangagwa to take blame for labour unrest
GOVERNMENT should take blame for the collapse of the health sector and stop blaming the opposition for inciting doctors and other civil servants to go on strike, the Nelson Chamisa-led MDC has said....Published: 05 Jan 2019 at 11:09hrs | 624 | by Staff reporter
Zimbabwe parly protests suspension of platinum tax
Lawmakers are not happy with Finance minister Mthuli Ncube's move to suspend a 15 percent tax on raw platinum exports until January 2022 to give the mining firms time to set up smelters ad refineries....Published: 03 Jan 2019 at 09:27hrs | 656 | by Staff reporter
It's time to just re-dollarise the Zimbabwe economy
THE recent announcement by one of country's stock market leaders, Delta Beverages, that it will be selling its products in United States dollars starting tomorrow should be a wake-up call to governmen...Published: 03 Jan 2019 at 09:08hrs | 1017 | by Editorial - newsday
Zimbabwe's economic recovery plan (Zim Plan)
Stagflation is caused by the simultaneous occurrence of economic stagnation and inflation. This state of economic affairs within a country is characterised by the twin evils of economics, that is to s...Published: 28 Dec 2018 at 18:35hrs | 1161 | by Colls Ndlovu, economist
'Free education will require $1 billion'
THE government plans to provide free education in Zimbabwe at primary level will need an additional $1 billion to cover mainly teachers' salaries, a Cabinet minister has said.Justice, Legal an...Published: 24 Dec 2018 at 19:35hrs | 635 | by Staff reporter
NAC engages parliamentarians in HIV response
The National Aids Council (NAC) held an HIV and Aids sensitisation workshop for newly-elected members of parliament and senators recently as part of its advocacy strategy. The group was specifically t...Published: 23 Dec 2018 at 09:37hrs | 228 | by Staff reporter
Zimbabwe in panic mode, solution needed
LAST Saturday, I attended the Mbira Festival which was organised by my friend, Albert Chimedza, at Mukuvisi Woodlands in Harare.It was an awesome venue for a traditional music festival with a ...Published: 22 Dec 2018 at 19:11hrs | 630 | by Debbie Peters
Majongwe and other teachers meet Mnangagwa over grievances
PRESIDENT Emmerson Mnangagwa yesterday met Progressive Teachers Union of Zimbabwe (PTUZ) representatives to discuss challenges faced by teachers in effectively carrying out their duties. The P...Published: 22 Dec 2018 at 18:36hrs | 377 | by Staff reporter
ZANU PF wins vote on 2% tax in parliament
On Thursday ZANU PF Members of Parliament trounced their MDC counterpart during a vote on whether the 2% transfer tax should be contained in the 2019 budget.This was revealed by the MDC Treasurer ...Published: 21 Dec 2018 at 09:23hrs | 4548 | by Mandla Ndlovu
Mthuli Ncube brushes-off Biti's car import duty criticism
Finance and Economic Development Minister Professor Mthuli Ncube yesterday defended the payment of import duty in foreign currency in his 2019 national budget statement saying the measure was premised...Published: 20 Dec 2018 at 09:44hrs | 1914 | by Staff reporter
Mthuli Ncube accuse Chamisa's MPs of being dishonest
FINANCE Minister Mthuli Ncube yesterday accused opposition MPs of being dishonest by insisting that people are not happy with the 2% levy on electronic transactions, claiming the new tax has widely be...Published: 20 Dec 2018 at 06:34hrs | 1616 | by Staff reporter
Mthuli Ncube defends forex duty in an intelligent manner
Finance and Economic Development Minister Professor Mthuli Ncube yesterday defended the payment of import duty in foreign currency in his 2019 National Budget Statement saying the measure was premised...Published: 20 Dec 2018 at 06:07hrs | 1746 | by Staff reporter
American restaurant comes to Bulawayo
AMERICAN restaurant chain, Pizza Hut is set to open its second outlet in Zimbabwe with Bulawayo being the chosen city. The first outlet at Sam Levy's Village in Harare was opened in February. ...Published: 17 Dec 2018 at 04:58hrs | 2407 | by Staff reporter
MPs rip into Mthuli Ncube's budget
Parliamentarians from across the political divide have savaged Finance minister Mthuli Ncube's yet-to-passed 2019 National Budget proposals accusing the Treasury chief of ignoring their recommendation...Published: 05 Dec 2018 at 05:48hrs | 2108 | by Staff reporter
Full text: MDC petition to SADC, AU
PETITIONTo: Parliament of Zimbabwe, Speaker of Parliament, Hon Jacob MudendaSADC, Chairperson, HE Pres...Published: 29 Nov 2018 at 14:28hrs | 6813 | by Mandla Ndlovu
Payment of duty in foreign currency is justified
Presenting the 2019 national budget last week under the theme, "Austerity for Prosperity," Minister of Finance and Economic Development, Professor Mthuli Ncube announced a raft of measures which inclu...Published: 26 Nov 2018 at 18:48hrs | 1827 | by Brian Johnson Mutonhori
Biti is a clever lawyer - but no match for Mthuli in the economic sphere
AFTER weeks of conjecture we had the first budget of the new government on Thursday. Finance minister Mthuli Ncube was not thrown by the chaos that resulted when the MDC members refused to respect the...Published: 26 Nov 2018 at 06:20hrs | 6445 | by Eddie Cross
Load More Stories
