Search / Levy
Afrochine loses US$3m tax battle with Zimra
AFROCHINE Smelting Private Limited has been ordered to pay nearly US$3 million in royalties for under-declaring its earnings. Afrochine Smelting is a company that produces and exports ferrochrome, an ...Published: 11 Mar 2024 at 11:31hrs | 500 | by Staff reporter
Mbudzi US$1m fraud case back in court
THE State yesterday sought to merge documents in a case in which the government was duped of close to US$1 million in a botched Mbudzi interchange deal.Businessman and director of Ledmart Inve...Published: 07 Mar 2024 at 05:08hrs | 250 | by Staff reporter
United States sanctions on Zimbabwe: who is off the list, who is on?
The United States on Monday sanctioned Zimbabwe's President Emmerson Mnangagwa, first lady Auxillia Mnangagwa and other government officials for their alleged involvement in corruption and human...Published: 05 Mar 2024 at 19:39hrs | 1016 | by Staff reporter
Mthuli Ncube issues chilling warning over sugar tax-linked price hikes
Finance Minister Mthuli Ncube has issued a firm warning to traders engaging in unjustified price hikes on sugary beverages, arguing that the officially gazetted tax thresholds do not warrant such exce...Published: 28 Feb 2024 at 06:31hrs | 1017 | by Staff reporter
Zimbabwe treasury exposes abuse of sugar tax for profiteering
GOVERNMENT has condemned the abuse of the Beverages Sugar Content Tax and other tariff measures by some businesses that deliberately misinterpret clear policy propositions for profiteering while unjus...Published: 28 Feb 2024 at 06:27hrs | 236 | by Staff reporter
Zimbabwe millers warn of rice price hikes
THE Grain Millers Association of Zimbabwe (GMAZ) has approached the Treasury to scrap the 15% value-added tax (VAT) on rice, warning that the levy will hit consumer spending.The developments c...Published: 25 Feb 2024 at 09:26hrs | 282 | by Staff reporter
St Faith High School Priest shows off punching skills
TEMPERS flared at St Faith's High School on Wednesday, with a priest from the Anglican Diocese of Manicaland showing his boxing skills as parents who escorted Form Five learners bulldozed their way in...Published: 09 Feb 2024 at 08:56hrs | 1153 | by Staff reporter
State opposes bail for Mbudzi fraud accused transport director
THE deputy director in the Ministry of Transport and Infrastructural Development, Enerst Shenje, who allegedly made a US$1 million fraudulent claim for compensation of a property affected by the const...Published: 31 Jan 2024 at 04:47hrs | 203 | by Staff reporter
ZACC arrests top govt official over Mbudzi interchange project fraud
THE Zimbabwe Anti-Corruption Commission (ZACC) has arrested a Ministry of Transport top official on allegations of conniving to fraudulently claim compensation for a property affected by the ongoing c...Published: 29 Jan 2024 at 05:58hrs | 277 | by Staff reporter
ZACC arrests deputy roads boss over US$1m fraud
THE deputy director of Road Services in the Ministry of Transport and Infrastructural Development, Ernest Shenje, has been arrested by the Zimbabwe Anti-Corruption Commission (ZACC) over an alleged US...Published: 29 Jan 2024 at 05:50hrs | 117 | by Staff reporter
SA court hears how diesel consignment from British oil company to Zimbabwe 'disappeared'
British oil company BP claimed to have exported a consignment of diesel to Zimbabwe in 2019 - but the fuel never arrived.A case brought by the South African Revenue Service (Sars) in a South A...Published: 17 Jan 2024 at 05:09hrs | 1712 | by Staff reporter
Mayor Mafume lashes Zinara
The City of Harare (CoH) is experiencing growing dissatisfaction with what they perceive as an unjust funding system implemented by the Zimbabwe National Road Administration (ZINARA).The local...Published: 16 Jan 2024 at 04:45hrs | 719 | by Staff reporter
Parents kick up dust over exam levy
PARENTS with children who wrote their Advanced and Ordinary Level science examinations last year are up in arms with authorities at St Anthony's High School in Masvingo after the school threatened to ...Published: 13 Jan 2024 at 06:48hrs | 225 | by Staff reporter
Mthuli Ncube's taxes kick in
Zimbabweans will begin a new year tomorrow faced with a basket of new taxes, levies and fees that will push up the cost of living for many that are already struggling to make ends meet.Finance...Published: 31 Dec 2023 at 13:00hrs | 1633 | by Staff reporter
Zimbabwe's 2024 school fees gazetted
Tuition fees for Government schools for next year were gazetted yesterday by Primary and Secondary Education Minister Torerayi Moyo with those for primary schools ranging from US$5 a term for P3 rural...Published: 19 Dec 2023 at 06:11hrs | 552 | by Staff reporter
Mthuli Ncube defends 2024 budget
FINANCE, Economic Development and Investments Promotion minister Mthuli Ncube has cold-shouldered critics of his 2024 national budget saying targeted revenue would assist ordinary Zimbabweans....Published: 12 Dec 2023 at 05:55hrs | 220 | by Staff reporter
Finance Ministry open to reevaluate 2024 Budget amid public backlash
In response to widespread concerns and criticisms from various quarters, Deputy Minister David Mnangagwa has announced the Finance Ministry's readiness to reevaluate the proposed 2024 budget. The budg...Published: 10 Dec 2023 at 07:35hrs | 1347 | by Staff Reporter
Mthuli Ncube defends proposed sugar tax
Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube has defended the proposed tax on high sugar content beverages, saying the revenue generated will go towards creat...Published: 07 Dec 2023 at 05:25hrs | 286 | by Staff reporter
David Coltart raises concerns over proposed wealth tax
Bulawayo mayor, David Coltart, has expressed concerns that the proposed Wealth Tax by Finance Minister Mthuli Ncube will encroach upon local councils' authority to levy rates against property owners w...Published: 04 Dec 2023 at 05:36hrs | 765 | by Staff reporter
Zimbabwe lithium mines given March 2024 deadline
Lithium mining companies have been given a deadline of March 31, 2024, to submit beneficiation plans as the Government seeks to tap into substantial mineral revenues that can be generated from the ben...Published: 04 Dec 2023 at 05:28hrs | 716 | by Staff reporter
Zimbabwe govt 'sabotaged' de-dollarisation plan, says Biti
Former Finance minister Tendai Biti has said government's forceful nature of its policies to adopt the volatile Zimdollar sabotaged plans to de-dollarise the economy .The local currency has be...Published: 04 Dec 2023 at 04:48hrs | 997 | by Staff reporter
Chamisa's CCC borrows poor language from Nerves Mumba
IN A WHAT COMES ACROSS AS A POOR CASE OF BORROWING poor language from Nerves Mumba's controversial Sadc Electoral Observation Mission on Zimbabwe's 2023 harmonised general election, Nelson Chamisa's C...Published: 03 Dec 2023 at 18:23hrs | 405 | by Jonathan Moyo
'Zimbabweans are already overtaxed'
AMERICAN financial literacy website, Investopedia defines 'wealth tax' as a tax based on the market value of assets owned by a taxpayer.A wealth tax is typically put on a 'high-net-worth' indi...Published: 03 Dec 2023 at 17:37hrs | 267 | by Staff reporter
Biti rips into Ncube's 'disastrous' budget
FORMER Finance minister Tendai Biti has described the 2024 budget as a disaster amid concerns that the proposed raft of taxes will deepen Zimbabwe's poverty levels and worsen the economic challenges....Published: 03 Dec 2023 at 17:33hrs | 317 | by Staff reporter
Zimbabweans unhappy at hike in passport fees
A raft of new taxes and increases announced as part of Zimbabwe's 2024 budget by Finance Minister Mthuli Ncube has been widely condemned.The increase in passport fees to $200 (£160), up from ...Published: 03 Dec 2023 at 10:42hrs | 1439 | by Staff reporter
Mthuli Ncube makes Zimbabwean passport most expensive in the region
A raft of new taxes and increases announced as part of Zimbabwe's 2024 budget by Finance Minister Mthuli Ncube has been widely condemned.The increase in passport fees to $200 (£160), up from ...Published: 02 Dec 2023 at 11:01hrs | 981 | by Staff reporter
A sad Christmas present from clueless Mthuli Ncube
The just presented 2024 budget by Prof Mthuli Ncube has left Zimbabweans in shock. This is the worst budget ever produced by minister of Finance since independence and the colonial era.It has ...Published: 02 Dec 2023 at 10:39hrs | 547 | by Leonard Koni
Zimbabwe MPs urged to reject Mthuli Ncube's budget
ECONOMISTS have urged Finance minister Mthuli Ncube to redo the 2024 budget as the one he presented this week only serves to condemn the rest of the population to abject poverty.Ncube presente...Published: 02 Dec 2023 at 05:43hrs | 375 | by Staff reporter
Mthuli Ncube squeezes everyone
GOVERNMENT yesterday announced a cocktail of tax increases, pushing up the cost of living and ease of doing business after reviewing its 2024 revenue projection upwards by 22,22% to ZWL$53,9 trillion....Published: 02 Dec 2023 at 05:42hrs | 416 | by Staff reporter
ZPC appeal against Chivayo's Intratrek thrown out
The Supreme Court has rejected the appeal filed by the Zimbabwe Power Company (ZPC) challenging the High Court's decision to reinstate Wicknel Chivayo's contentious Gwanda solar project. This conclude...Published: 01 Dec 2023 at 15:51hrs | 120 | by Staff reporter
Mthuli Ncube's 2024 budget a 'mass misery'
OPPOSITION legislators yesterday accused Finance minister, Mthuli Ncube, of condemning millions of citizens to a life of misery with an anti-people budget containing a basket of tax increases beginnin...Published: 01 Dec 2023 at 04:59hrs | 1474 | by Staff reporter
Zimbabwe's an anti-poor budget
Finance, Economic Development and Investment Promotion minister Mthuli Ncube yesterday presented the ZWL$58,2 trillion 2024 national budget.According to the Treasury chief, the economy is proj...Published: 01 Dec 2023 at 04:55hrs | 263 | by Staff reporter
Hackers raid Hwange Electricity Supply Company's bank account
Hwange Electricity Supply Company was defrauded of ZWL$2 billion by two men who allegedly hacked the company's account and diverted money to their personal account.This emerged in court yester...Published: 01 Dec 2023 at 04:55hrs | 739 | by Staff reporter
Mthuli Ncube increases toll fees by 150% in US$ terms
Due to limited resources, Finance and Investment Promotion Minister, Mthuli Ncube, has presented a 2024 National Budget totaling ZWL58.2 trillion, implementing deep tax measures to address financial c...Published: 30 Nov 2023 at 20:08hrs | 916 | by Staff reporter
ZETDC in the red
THE Auditor-General (AG)'s latest report has revealed that the Zimbabwe Electricity Transmission and Distribution Company (ZETDC)'s liabilities currently exceed its assets by ZWL$24,5 billion....Published: 28 Nov 2023 at 05:28hrs | 779 | by Staff reporter
Zimbabwe police pass-out parade flops, send recruits home
POLICE have sent home recruits after a failed pass-out parade on Wednesday this week due to a shortage of uniforms, NewsDay can report.NewsDay is reliably informed that the Zimbabwe Republic P...Published: 24 Nov 2023 at 05:35hrs | 465 | by Staff reporter
Why would SADC risk confrontation with Zim regime whilst citizens act as if all is well?
So, another meeting of SADC (Southern African Development Community) heads of state has come and gone without the much anticipated 'resolution on flawed elections recently held in Zimbabwe'!Of...Published: 01 Nov 2023 at 15:40hrs | 696 | by Tendai Ruben Mbofana
Starlink : A potential digital lifeline for rural Zimbabwe
In a world where connectivity is a lifeline for information, education, and economic opportunities, the promise of Starlink, SpaceX's ambitious satellite internet project, shines brightly for rural an...Published: 26 Oct 2023 at 05:30hrs | 186 | by Robert Ndlovu
Starlink: A Potential Lifeline for Rural Zimbabwe
In a world where connectivity is a lifeline for information, education, and economic opportunities, the promise of Starlink, SpaceX's ambitious satellite ...Published: 16 Oct 2023 at 04:50hrs | 534 | by Robert Ndlovu
Ngulube replaces Mayihlome
Zanu-PF Beitbridge East MP Albert Ngulube has been appointed Parliamentary Portfolio Committee Chairperson for Defence, Home Affairs, War Veterans and Security Services.Ngulube replaces ...Published: 14 Oct 2023 at 21:06hrs | 1153 | by Staff reporter
Zimbabwe family basket shoots to ZWL$2,6m
The Consumer Council of Zimbabwe (CCZ) has reported that the family basket's cost has risen to ZWL$2.6 million due to escalating prices of essential goods, posing a crisis for numerous households acro...Published: 10 Oct 2023 at 06:02hrs | 423 | by Staff reporter
More painful petrol, diesel hikes in South Africa
Motorists can expect hikes of over R1 for all grades of fuel from Wednesday.The unleaded petrol price (95) will be hiked by R1.14 a litre, while 93 will be increased by R1.08. Diesel (0.05% su...Published: 03 Oct 2023 at 14:27hrs | 342 | by Staff reporter
Education ministry sets up complaints desks
The Ministry of Primary and Secondary Education (MoPSE) has established district and provincial complaint desks to address inappropriate behavior by teachers, headmasters, and other school staff membe...Published: 01 Oct 2023 at 07:26hrs | 71 | by Staff reporter
SA-based Zimbabweans rope in Malema in poll protest
A group of disgruntled Zimbabweans living in South Africa has reached out to the opposition party Economic Freedom Fighters (EFF) and its leader Julius Malema, seeking support for protests scheduled f...Published: 21 Sep 2023 at 06:15hrs | 990 | by Staff reporter
Chinamasa insults rile Zambians
Zimbabwe's efforts to mend relations with Zambia have hit another obstacle as Patrick Chinamasa, Zanu-PF treasurer-general, directed more insults toward Zambia's President Hakainde Hichilema and Never...Published: 17 Sep 2023 at 22:14hrs | 780 | by Staff reporter
Zimbabwe on the Sadc radar?
The Southern African Development Community (Sadc) is currently deeply involved in addressing the post-election crisis in Zimbabwe, which has caused divisions within the nation and the region, while al...Published: 17 Sep 2023 at 22:13hrs | 693 | by Staff reporter
Zimbabwe school closing dates unchanged
Despite a two-day delay in the opening of schools due to last month's harmonized elections, the closing dates for the third term will remain unchanged. The government will, however, implement measures...Published: 17 Sep 2023 at 07:48hrs | 232 | by Staff reporter
Chinamasa has no plans to kill Hichilema
Patrick Chinamasa, Zanu-PF's Secretary for Legal Affairs, has firmly refuted allegations made by Elisha Matamba, a Zambian Provincial Minister for the Copperbelt. Matamba claimed that Chinamasa confes...Published: 15 Sep 2023 at 22:06hrs | 2916 | by Staff reporter
Zimbabwe, Zambia tiff deepens
Copperbelt provincial minister Elisha Matambo said the Zambian government would petition international and regional bodies to investigate the threats on Hichilema’s life.Matambo announced th...Published: 15 Sep 2023 at 06:33hrs | 3321 | by Staff reporter
Zambian Minister goes after Chinamasa and Matinyarare
The Zambian Provincial Minister for Copperbelt, Elisha Matamba, has pledged to inform the Southern African Development Community (SADC), the African Union (AU), and the United Nations (UN) about alleg...Published: 14 Sep 2023 at 06:28hrs | 943 | by Staff reporter
Load More Stories