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Mnangagwaa's govt laments informalisation of economy
Government has expressed concern over a disturbing trend in which formal businesses are opting to go informal complicating calculation of their tax obligations. This is at a time the Zimbabwe ...Published: 25 Feb 2020 at 06:30hrs | 320 | by Staff reporter
Mthuli Ncube uses Davos to push investment agenda
Zimbabwe continues to use opportunities of the annual gathering of business, political, academic and other leaders in the World Economic Forum at Davos in Switzerland to sell the country as an investm...Published: 04 Feb 2020 at 05:42hrs | 171 | by Staff reporter
Council refuse trucks stuck in SA for 3 years
FIFTEEN refuse trucks bought by Harare City Council in South Africa are stuck there almost three years on as it cannot raise over US$2 million required for their delivery. However, there are conflicti...Published: 20 Jan 2020 at 05:16hrs | 1243 | by Staff reporter
Civil servants to reveal source of funds
CIVIL servants importing vehicles under the government's special motor vehicle rebate may be asked to produce proof of their source of funds, the State has said.Statutory Instrument (SI) 52 of...Published: 19 Jan 2020 at 05:35hrs | 1049 | by Staff reporter
Proposed Zimbabwe finance law threatens jobs
BACK in July 2015, a Supreme Court ruling involving Zuva Petroleum and two former managers, caused at an estimated 30 000 workers to lose their jobs on three months' notice, most without benefits....Published: 13 Dec 2019 at 08:03hrs | 1766 | by Staff reporter
2020 Budget Hits and Misses
Zimbabwe's 2020 National Budget was presented amid high expectations from the market on the urgent need to turnaround the fortunes of the waning economy, restore incomes, and improve productivity and ...Published: 25 Nov 2019 at 11:17hrs | 1319 | by Staff Reporter
Zimbabwe faces hotel room deficit
Government is concerned with the country's hotel room stock which it says projections show would be over 2 000 rooms short by end of 2020 thus curtailing the growth of the tourism sector. This...Published: 22 Nov 2019 at 18:02hrs | 184 | by Staff reporter
Zimbabwe adopts Chinese translation app
Government through the tourism sector has embraced Youdao a new quick language translation application (app) in a bid keep up with the current travel and tourism industry trends, so as to increase com...Published: 19 Nov 2019 at 20:31hrs | 280 | by Staff reporter
Mthuli Ncube seeks to broaden tax base
THE 2020 National Budget will focus on enhancing revenue collection through advancing the ongoing Zimbabwe Revenue Authority and other administrative reform initiatives meant to broaden the tax base a...Published: 01 Nov 2019 at 06:45hrs | 2762 | by Staff reporter
Mthuli Ncube's budget gets Parliament's thumbs up
FINANCE Minister Professor Mthuli Ncube's Finance Bill and $10,62 billion Supplementary Budget as well as measures proposed in the mid-term budget to boost production and revenue inflows sailed past t...Published: 16 Aug 2019 at 00:00hrs | 338 | by Staff reporter
'Economy in good stead for growth'
The reforms that have been instituted by Government since September last year to restore sound macro-economic fundamentals have placed the economy on a firm foundation to support sustainable recovery,...Published: 04 Aug 2019 at 10:04hrs | 161 | by STaff reporter
Tax scam costs Govt billions
Some players in the garment-making sector are allegedly skimming the Government of billions of dollars in potential tax revenue and suffocating downstream textile industries by abusing a special cloth...Published: 10 Jul 2019 at 07:34hrs | 394 | by Staff reporter
Pay the Warriors
Shine lads shine, tomorrow is a do or die game. All eyes in the Sadc region are upon you. Time to seperate boys from men and give the best. Let the goals rain.For players to remain focus...Published: 25 Jun 2019 at 06:30hrs | 1262 | by Leonard Koni
Civil servants get car import rebate
The government has started implementing the rebate scheme for civil servants importing vehicles.In a circular number 6 of 2019, Public Service Commission (PSC) Chairperson, Dr Vincent Hungwe a...Published: 14 Jun 2019 at 19:16hrs | 1727 | by Staff reporter
Mliswa questions Wadyajena's Lamborghini
NORTON MP Temba Mliswa (Independent) yesterday raised a matter of privilege with Speaker of the National Assembly, Jacob Mudenda, over the recent importation of a US$250 000 Lamborghini vehicle by Gok...Published: 13 Jun 2019 at 07:23hrs | 1714 | by Staff reporter
Wadyajena imports US$210k Lamborghini
Zanu-PF MP Justice Mayor Wadyajena has taken delivery of a US$210,000 supercar.Emphasising the gulf between Zimbabwe's impoverished masses and a politically-connected elite, the Gokwe Nembudzi...Published: 11 Jun 2019 at 07:39hrs | 5075 | by ZimLive
PSC clarifies position on vehicle scheme
Civil servants who have benefited from the Government's motor vehicle scheme will not be eligible to benefit again for the next five years, the Public Service Commission (PSC) has said. In Cir...Published: 07 Jun 2019 at 06:50hrs | 637 | by Staff reporter
'Fuel liberalisation necessary evil'
Following the Reserve Bank of Zimbabwe's recent directive for oil companies to source foreign currency on the interbank market, analysts have said the move was necessary despite the anticipated short-...Published: 26 May 2019 at 13:32hrs | 162 | by Staff reporter
Zimra throws lifeline to civil servants
Government has thrown a lifeline to its restive workers by operationalising a law that will ensure that those with a minimum 10 years in service can import vehicles duty-free, a week after the workers...Published: 21 May 2019 at 07:24hrs | 10564 | by Staff reporter
Air Zimbabwe to import spares duty free
ONGOING efforts to turnaround the operations of Air Zimbabwe have received further boost following revelations that Government recently extended the dispensation for the national air carrier to import...Published: 28 Apr 2019 at 07:23hrs | 304 | by Staff reporter
Basic goods prices shoot up 200%
PRICES of basic commodities have risen sharply with some increasing by almost 200% between October last year and April this year, according to official statistics.Presenting a paper titled Zim...Published: 26 Apr 2019 at 17:30hrs | 1544 | by Staff reporter
Telecom firms bemoan high service costs
Zimbabwean telecommunication companies say the costs of delivering services are still excessively high despite a recent tariff hike which saw data and voice charges go up by as much as 150%.Te...Published: 09 Apr 2019 at 07:38hrs | 440 | by Staff reporter
Duty rebate on MPs' vehicle imports
The Commissioner may in respect of any used vehicle which is to be sold or otherwise disposed of, authorise the payment of a lesser amount of duty, taking into consideration the depreciation of such m...Published: 04 Apr 2019 at 14:42hrs | 1041 | by Zimra
Vehicle import scheme to only benefit top civil servants
GOVERNMENT's car scheme, which will allow civil servants to import vehicles duty-free, is a pie in sky and will not benefit the majority of its workers, but a select few senior members.The con...Published: 03 Apr 2019 at 08:34hrs | 3628 | by Staff reporter
Zesa insists on 30% tariff hike
Zesa Holdings insists that a 30 percent tariff increase is critical to ensure the country continues to enjoy a steady supply of electricity, as there would be funds to repair the transmission and dist...Published: 31 Mar 2019 at 23:52hrs | 1496 | by Staff reporter
Tax rebate for health staff
Government has gazetted a tax rebate to be enjoyed by health services staff under the health services loan scheme as the employer implements non-monetary incentives aimed at cushioning its employees. ...Published: 25 Mar 2019 at 06:52hrs | 447 | by Staff reporter
Government starts fuel bonuses
Government will now refund businesses for extra costs incurred in buying fuel at new prices that became effective on January 13, raising expectations that this might positively impact on prices, it ha...Published: 23 Mar 2019 at 22:26hrs | 4061 | by Staff reporter
Civil servants' duty free cars importation details released
Government has given civil servants the green light to import cars duty-free as President Mnangagwa's administration continues to cushion its workers through non-monetary incentives. The Gover...Published: 14 Mar 2019 at 07:54hrs | 6755 | by Staff reporter
Fuel shortages to ease by month-end: Mangudya
RESERVE Bank of Zimbabwe governor John Mangudya yesterday said the current fuel shortages will ease by end of the month, attributing the problem to delays in the processing of lines of credit (LCs) an...Published: 08 Mar 2019 at 07:01hrs | 1051 | by Staff reporter
International bidders for Zimbabwe dam projects
Government has floated an international tender for the construction of 19 major water infrastructure facilities, including dams and water purification structures to enhance agricultural production and...Published: 04 Mar 2019 at 07:05hrs | 304 | by Staff reporter
Mthuli Ncube says Zimbabwe's inflation rate is being misread
Finance Minister Mthuli Ncube has said the country’s inflation rate, which surged to the highest annual level since a hyperinflation blowout a decade ago, is being misread and the measure of monthly...Published: 21 Feb 2019 at 17:10hrs | 5221 | by Bloomberg
For economy to take off, we must take air out of inflation
What is inflation and why must we get it under control? What has been going wrong, and how are we putting things right? As an Economics Professor, its important I first explain the basics. In ...Published: 20 Feb 2019 at 23:22hrs | 1453 | by Prof Mthuli Ncube
Zimbabwe's January inflation hits 10,75%
The month on month inflation rate in January 2019 was 10,75 percent gaining 1,72 percentage points on the December 2018 rate of 9,03 percent. This means that prices of goods and services as me...Published: 18 Feb 2019 at 06:28hrs | 154 | by Staff reporter
All aboard Zupco: Is this a rebirth or stillbirth?
This article is a follow-up to my previous one, Kombi nation: Re-imagining our urban transport system.In that article, I presented a number of options on how we could improve our public transp...Published: 14 Feb 2019 at 07:33hrs | 1903 | by Mike Murenzvi
$19,5 million for looted businesses
GOVERNMENT will avail $19,5 million from a special fund set up to assist businesses that were looted and destroyed during last month's violent protests, a Cabinet Minister has said. Finance an...Published: 09 Feb 2019 at 07:05hrs | 358 | by Staff reporter
ZERA rules out fuel price hike
The Zimbabwe Energy Regulatory Authority of Zimbabwe (ZERA) has said the country has enough fuel stocks for the market and Government will not increase its prices in the near future. As such, there is...Published: 09 Feb 2019 at 07:04hrs | 453 | by Staff reporter
Government cautious as fuel supply stabilises
Energy and Power Development Minister Joram Gumbo says Government remains cautiously optimistic that the fuel situation in the country has stabilised on the back of improved availability and shorter q...Published: 04 Feb 2019 at 22:28hrs | | by Staff reporter
Fuel price hike rumour trashed
ENERGY and Power Development Minister Joram Gumbo has assured motorists not to panic as Government is not planning to increase fuel prices again. His assurance comes after reports on social media indi...Published: 04 Feb 2019 at 07:57hrs | 630 | by Staff reporter
Zupco forces kombi operators to reduce fares
COMMUTER omnibus operators in Bulawayo have resolved to reduce kombi fares across city routes to $1,50 from $2 with immediate effect. This followed calls by residents for a downward review of the komb...Published: 25 Jan 2019 at 00:01hrs | 472 | by Staff reporter
Kombis reduce fares
Gweru commuter omnibus operators have complied with the new fares that were announced by the Government last week. The new fares ranging between $1 and $2 came into effect yesterday morning, bringing ...Published: 22 Jan 2019 at 08:06hrs | 1539 | by Staff reporter
Kombis feel the heat
Commuter omnibus operators were yesterday forced to reduce their fares following the introduction of conventional buses mobilised by the Government to ferry passengers in and around Harare. Co...Published: 22 Jan 2019 at 08:00hrs | 886 | by Staff reporter
NRZ increases Freedom Train coaches in Bulawayo
THE National Railways of Zimbabwe (NRZ) has said it has increased Freedom Train coaches on its City-Cowdray Park route in Bulawayo, a development that will lessen the burden on the commuting public af...Published: 21 Jan 2019 at 08:19hrs | 518 | by Staff reporter
New transport fares announced
GOVERNMENT and commuter omnibus operators met in Harare yesterday and agreed on new fares ranging between $1 and $3 depending on distance. Commuter omnibus and long distance operators had hike...Published: 18 Jan 2019 at 11:49hrs | 1415 | by Staff reporter
Massive job losses, Bulawayo worst affected
INDUSTRY and Commerce Minister Mangaliso Ndlovu has said hundreds of people lost their jobs as a result of this week's violent protests and Bulawayo companies were the worst affected. He said ...Published: 18 Jan 2019 at 11:46hrs | | by Staff reporter
ZSE charms investors
STOCKBROKERS Association of Zimbabwe vice-president Arnold Dhlamini expects higher trading on the Zimbabwe Stock Exchange (ZSE) due to a rise in inflationary pressures from the recent fuel increases....Published: 17 Jan 2019 at 07:29hrs | 171 | by Staff reporter
'Mnangagwa won't stampede into dialogue with Chamisa'
The ruling Zanu-PF party says it will not be stampeded into dialogue with the opposition MDC-Alliance which it accuses of instigating violence in major cities like Harare and Bulawayo on Monday, worki...Published: 17 Jan 2019 at 00:15hrs | 8171 | by Staff reporter
Mnangagwa defends new fuel price
The recent decision to increase the prices of petrol and diesel was necessary and the conditions demanding that pronouncement presently remain unchanged, the President Mnangagwa has said. Addr...Published: 15 Jan 2019 at 07:15hrs | 1848 | by Staff reporter
Bulawayo diaper plant launch hits snag
BULAWAYO's first diaper manufacturing project, which is being developed at a cost of more than $2 million, is failing to take off due to foreign currency shortages to import critical raw materials. ...Published: 15 Jan 2019 at 07:12hrs | | by Staff reporter
Government urges public transporters to ignore rowdy mobs
GOVERNMENT has urged public transport operators to continue ferrying people to their work stations and ignore rowdy mobs trying to cause chaos. Yesterday opposition-linked rioters blocked roads, stone...Published: 15 Jan 2019 at 07:09hrs | | by Staff reporter
Kombi operators speak on fares
TRANSPORT operators yesterday slammed unscrupulous drivers and conductors for taking advantage of a review of fuel prices by the Government on Saturday to charge commuters extortionate fares.T...Published: 14 Jan 2019 at 22:42hrs | 1366 | by Staff reporter
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