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United Arab Emirates to send opportunity scouts to Zimbabwe
A high-powered business delegation from the United Arab Emirates will soon visit Zimbabwe to scout for potential business opportunities offered by the country under the new dispensation, Finance and E...Published: 3 hrs ago | 139 | by Staff reporter
EcoCash leaves consumers stranded
EcoCash services remained intermittent or non-available yesterday, causing major business losses and much hardship since the platform handles 85 percent of Zimbabwe's transactions and 99 percent of mo...Published: 3 hrs ago | 423 | by Staff reporter
Mthuli Ncube to expend 5% fuel levy on Chirundu Highway
Finance and Economic Development minister Mthuli Ncube has allocated 5% of the excise duty revenue collected on fuel towards the construction of the Beitbridge-Harare-Chirundu Highway as international...Published: 11 hrs ago | 217 | by Staff reporter
Beitbridge officials panic as Zimra recalls imported cars
ZIMBABWE may have lost millions of dollars in unpaid duty through a fine-tuned vehicle smuggling scheme operated at some of its ports, Southern Eye has learnt.Zimbabwe Revenue Authority (Zimra...Published: 19 Nov 2019 at 06:01hrs | 8922 | by Staff reporter
433 cars under Zimra probe over smuggling suspicion
THE Zimbabwe Revenue Authority (ZIMRA) has identified 433 vehicles suspected to have been smuggled into the country and has invited their respective owners to the taxman's offices for a verification e...Published: 19 Nov 2019 at 05:44hrs | 830 | by Staff reporter
Mthuli Ncube tax minimum raised to $100
Government has increased the minimum taxable amounts for intermediated money transfer tax (IMTT), better known as the 2 percent tax, to $100 from $20 per transaction for individuals as it sought...Published: 19 Nov 2019 at 05:42hrs | 2142 | by Staff reporter
Zimbabweans reject further military coups, but demand genuine electoral reforms to freely choose own leaders
If there is anything that Zimbabweans should have regrettably learnt the hard way, over the past years, is never to support or celebrate ZANU PF internal factional fighting, especially when this culmi...Published: 18 Nov 2019 at 09:25hrs | 4825 | by Tendai Ruben Mbofana
Mnangagwa's govt squanders US$10.6 billion
PRESIDENT Emmerson Mnangagwa's government spent over US$10 billion in unbudgeted public finds, and now wants Parliament to okay the unexplained expenditure, raising the ire of opposition members of Pa...Published: 18 Nov 2019 at 06:38hrs | 1472 | by Staff reporter
RBZ Autonomy and Quasi-Fiscal Activities
The International Monetary Fund (IMF) has warned the Zimbabwean Government that it needs to give autonomy to its central bank if it is to avert the risk of plunging the economy into hyperinflation aft...Published: 17 Nov 2019 at 18:46hrs | 1106 | by Victor Bhoroma
Why Mthuli Ncube will fail
While I wish Finance Minister Mthuli Ncube to succeed, the path he has followed is doomed to fail. I will detail the reasons why below. The situation in which he has placed Zimbabwe's finances is not ...Published: 17 Nov 2019 at 06:04hrs | 2614 | by Ken Mufuka
Ncube's budget gets thumbs down
Zimbabwe's month-on-month inflation rate quickened to 38,75% in October from 17,7% the previous month as analysts warned that Finance minister Mthuli Ncube's 2020 budget will be rendered useless by so...Published: 17 Nov 2019 at 06:03hrs | 1189 | by Staff reporter
Tendai Biti dismisses Ncube's budget as 'cocktail of cowardice, falsehoods'
The MDC on Thursday dismissed Mthuli Ncube's 2020 budget statement as a "cocktail of cowardice, deception, delay and delusion."Ncube announced a ZWL$63.6 billion budget which he said also mark...Published: 16 Nov 2019 at 19:19hrs | 2622 | by Staff reporter
14 Nov 2017 - a dark day that moved Zimbabwe to another level of suffering and oppression
I remember - as if it were just a few hours ago - waking up as usual at dawn on the morning of 15 November 2017, then routinely checking my WhatsApp, only to be greeted by a barrage of messages to the...Published: 15 Nov 2019 at 13:48hrs | 1852 | by Tendai Ruben Mbofana
What they said about 2020 budget
FORMER Finance minister and now MDC vice president Tendai Biti:"A budget of $63 billion is an illusion and unachievable, but also reflects extent of hyperinflation. The Pre-Budget Strategy Pap...Published: 15 Nov 2019 at 06:32hrs | 2319 | by Staff reporter
Local authorities stifling business growth: Industry
MANY local authorities in Zimbabwe are using archaic laws and municipal by-laws that do not take into account the changing business environment and globalisation, a situation that has made it difficul...Published: 15 Nov 2019 at 06:26hrs | 111 | by Staff reporter
Mnangagwa's Cabinet reshuffle fails to impress
PRESDENT Emmerson Mnangagwa's cabinet reshuffle last Friday, where he retained tired and incompetent ministers, including those tainted by corruption allegations, and assigned supposedly fresh minds t...Published: 15 Nov 2019 at 06:18hrs | 252 | by Staff reporter
Stabbing after sex-for-taxi fare deal goes sour
A SECURITY guard has been arrested for allegedly stabbing a woman several times on her back accusing her of not honouring her promise to have sex with him after paying her taxi fare. Nqobizith...Published: 15 Nov 2019 at 06:15hrs | 851 | by Staff reporter
Tax-free bonuses for civil servants
GOVERNMENT has reviewed the tax-free bonus threshold from $ 1 000 to $ 5 000 with effect from this month with civil servants also expected to get their full annual bonuses pegged on gross income. ...Published: 15 Nov 2019 at 06:14hrs | 1083 | by Staff reporter
The Budget 2020 - Which way Zimbabwe
In the darkness of the Zimbabwean economy with ordinary people grinding beans using their back Finance Minister Mthuli Ncube casts a very bright light at the end of the tunnel. He said the count...Published: 14 Nov 2019 at 23:50hrs | 2028 | by Dr Masimba Mavaza
No doctors, no currency Zim heading for total collapse
The main functions of the Zimbabwean government are not to: Check and challenge the work of the Government (scrutiny) Make and change laws (legislation) Debate the important issues of the day (debatin...Published: 14 Nov 2019 at 22:06hrs | 3831 | by Bigboy Sibanda
Mthuli Ncube reduces VAT and corporate tax
Finance and Economic Development Minister Mthuli Ncube marginally cut corporate tax (24% from 25%), VAT (14.5% from 15%) and increased the tax free threshold to $2 000 from $700 with effect from Janua...Published: 14 Nov 2019 at 21:36hrs | 1618 | by Staff reporter
Former Bosso chairman dies
FORMER Highlanders chairman, Malcolm King, died yesterday in Cape Town, South Africa. Highlanders president Ndumiso Gumede said King, who served as Bosso chairman in 1984, contributed a lot to the clu...Published: 14 Nov 2019 at 05:35hrs | 2455 | by Staff reporter
Mthuli Ncube to present a pro-productivity budget today
Finance and Economic Development Minister Professor Mthuli Ncube presents the 2020 National Budget this afternoon that is expected to help create a fiscal environment that will emphasise production an...Published: 14 Nov 2019 at 05:34hrs | 833 | by Staff reporter
Once cash economy is taxed, who needs cash
There never was any possibility of keeping the bulk of the new notes and coins out of the informal sector, or at least the bulk of the first batches released to banks, since the main reason why most p...Published: 14 Nov 2019 at 05:28hrs | 532 | by Staff reporter
Rhodies we know, where are Zimbos?
MONDAY, November 11, marked the 54th anniversary of the Unilateral Declaration of Independence (UDI) by then Rhodesian Prime Minister Ian Douglas Smith, a move that severed the white colony from the B...Published: 13 Nov 2019 at 06:40hrs | 739 | by Paidamoyo Muzulu
Polad not a money game, says Gutu
Participants in the Political Actors Dialogue (POLAD) are disturbed by insinuations that they are lining their pockets instead of moving the country forward. In an interview on Monday, MDC-T v...Published: 13 Nov 2019 at 06:32hrs | 457 | by Staff reporter
Mugabe coup announcer admitted to SA hospital
Foreign Minister Sibusiso Moyo was on Tuesday admitted to a South African hospital for a "scheduled operation", days after President Emmerson Mnangagwa's government okayed a process of firing a third ...Published: 12 Nov 2019 at 18:09hrs | 8948 | by ZimLive
ZESA's corruption & incompetence an unwarranted burden on Zimbabweans - need for urgent accountability
As I write this article, we are just seated, or milling around, incapable of engaging in any meaningful productive work. Why? Because there is no electricity - which, we desperately need for our effec...Published: 12 Nov 2019 at 17:58hrs | 1928 | by Tendai Ruben Mbofana
Jacob Zuma speaks out
Former South African President Jacob Zuma has spoken out for the first time regarding the attempt by the Public Protector Busi Mkhwebane to access his tax information. Mkwhebane's efforrts wer...Published: 12 Nov 2019 at 15:56hrs | 2969 | by Mandla Ndlovu
Foreigners tussle in nasty turf wars
CONFEDERATION of Zimbabwe Retailers (CZR) president, Denford Mutashu says fights for business control among foreign companies in Zimbabwe was affecting investment prospects in the retail sector....Published: 12 Nov 2019 at 07:27hrs | 814 | by Staff reporter
Zupco not paying route approval fees: BCC
THE Zimbabwe United Passenger Company (Zupco) is reportedly not paying route approval fees to the Bulawayo City Council (BCC), prejudicing the local authority of about $16 000 in potential revenue ann...Published: 12 Nov 2019 at 07:26hrs | 1572 | by Staff reporter
RBZ seeks to raise $300m through TBs
GOVERNMENT is seeking to raise another $300 million through Treasury Bills (TBs) to finance its programmes, a month after issuing a sovereign paper with the same amount.In a statement yesterda...Published: 12 Nov 2019 at 07:22hrs | 183 | by Staff reporter
Dirty pieces of money ensnare civil servants
When President Mnangagwa embarked on the austerity path that is about to come to an end since the economy is showing positive signs of recovery, he did not seek to sugar-coat the pain that Zimbabweans...Published: 12 Nov 2019 at 07:08hrs | 375 | by Pupurai Togarepi
Mthuli Ncube to present $28,5 billion budget
FINANCE and Economic Development Minister Professor Mthuli Ncube is set to present the 2020 national Budget on Thursday, with industry and citizens expecting better economic fortunes following the num...Published: 11 Nov 2019 at 06:28hrs | 480 | by Staff reporter
Zambia ready to support Zimbabwe
THE Zimbabwe Miners Federation (ZMF) has signed a Memorandum of Understanding with the Small-Scale Miners Association of Zambia (SSMAZ), which will see the two countries sharing experiences on the sma...Published: 11 Nov 2019 at 06:24hrs | 841 | by Staff reporter
Mnangagwa confer immunities and privileges to foreigners employed by UN
President Mnangagwa on Friday conferred immunities and privileges to foreign nationals employed by the United Nations Office for Project Services. The conferment of the privileges and immuniti...Published: 11 Nov 2019 at 06:22hrs | 409 | by Staff reporter
Mnangagwa's govt draws fire over currency
The government has been accused of fuelling economic instability through inconsistent currency reforms and too many regulations.Zimbabwe ended a decade of dollarisation in June and readopted t...Published: 10 Nov 2019 at 08:52hrs | 2818 | by Staff reporter
Inflation out of control: Guvamatanga
Finance ministry permanent secretary George Guvamatanga has revealed that the government is not considering removing the 2% tax on mobile transactions despite criticism that it is fuelling inflation....Published: 10 Nov 2019 at 08:46hrs | 899 | by Staff reporter
Mthuli Ncube attempts a Houdini act
Finance and Economic Development Minister Professor Mthuli Ncube this week unveils his second National Budget statement in which he is expected to announce far-reaching interventions to soothe a natio...Published: 10 Nov 2019 at 08:23hrs | 647 | by Staff reporter
All set for stable Zimdollar
As the Reserve Bank of Zimbabwe releases $2 coins into circulation tomorrow ahead of the introduction of $2 and $5 Zim-dollar notes, Finance and Economic Development Minister Professor Mthuli Ncube is...Published: 10 Nov 2019 at 08:22hrs | 647 | by Staff reporter
Zimbabwe in debt distress
LACK of transparency in public debt management and the failure to comply with legal stipulations are now manifesting in depressed fiscal space and low domestic resource mobilisation, analysts have sai...Published: 08 Nov 2019 at 05:15hrs | 364 | by Staff reporter
Government should introduce higher-value denominations
THE Reserve Bank of Zimbabwe (RBZ) should consider introducing higher value denominations than the current ZW$5 in order to reduce seigniorage losses, businessdigest has learnt.This comes afte...Published: 08 Nov 2019 at 05:13hrs | 747 | by Staff reporter
Chamisa's MPs join the Zanu-PF gravy train
MDC Alliance MPs who went to Parliament on a pro-poor campaign ticket were this week part of hundreds of parliamentarians who blew $5 million at the resort town of Victoria Falls in the name of pre-bu...Published: 08 Nov 2019 at 05:01hrs | 1104 | by Sibanengi Dube
Open challenge to Zimbabwe govt for nationwide LIVE public debates on so-called sanctions and their real effects
As the vast majority of Zimbabweans continue to drown in this suffocating abyss of the worst economic meltdown in a decade, the government has upped its denial and defensive mode, as it seeks to dodge...Published: 07 Nov 2019 at 13:47hrs | 629 | by Tendai Ruben Mbofana
Zimbabwe runs out of contraceptives
Public hospital doctors have lashed out at the Health Services Board (HSB) for firing 77 doctors since Tuesday.Addressing Zimbabwe Hospital Doctors' Association (ZHDA) members and the media at...Published: 07 Nov 2019 at 05:53hrs | 1410 | by Staff reporter
Zim govt deliberately impoverishing citizens to attract investment by creating cheap labour?
To say that I was petrified listening to the Deputy Minister of Information Energy Mutodi speaking last night (5 November 2019) on the Voice of America's Studio 7, would be the understatement of the y...Published: 06 Nov 2019 at 12:44hrs | 1659 | by Tendai Ruben Mbofana
PG under pressure to act on Mthuli Ncube
Lawyers representing pro-democracy activist Mfundo Mlilo will engage Prosecutor –General (PG) Kumbirai Hodzi before going to court after the lapse of a seven-day ultimatum within which they demanded...Published: 06 Nov 2019 at 11:55hrs | 6738 | by Staff reporter
Govt splashing US$ 16m on new cars for ministers - still feeding blackholes, what a waste
"The Minister gave me an assignment about the purchase of Ministers' vehicles and we have agreed with the supplier of vehicles. We are going to buy these vehicles through a letter of credit so that yo...Published: 05 Nov 2019 at 12:35hrs | 1240 | by Wilbert Mukori
Mthuli Ncube revises govt expenditure ceiling
GOVERNMENT has revised next year's expenditures ceiling from $28 billion by over 30 percent in light of inflation and the need to grow the economy. This was said by Finance and Economic Develo...Published: 05 Nov 2019 at 06:45hrs | 846 | by Staff reporter
Mnangagwa to headline economic indaba
President Mnangagwa headlines an economic and financial indaba in Harare on Thursday, which is set to deliberate on solutions to the country's economic challenges, including foreign currency shortages...Published: 05 Nov 2019 at 06:43hrs | 252 | by Staff reporter
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