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Africa's inequality crisis: How government systems fuel corruption and entrench elitism
A recent Oxfam report has ignited renewed scrutiny of Africa's political and economic order, revealing a disturbing truth: while a handful of billionaires accumulate staggering wealth, hundreds of mil...Published: 14 Jul 2025 at 07:12hrs | 164 | by James Mathonsi
Social unrest warning for South Africa
The uMkhonto weSizwe (MK) Party has issued a stern warning to the South African government, threatening widespread protests if the revised budget - set to be presented on Wednesday, 12 March - include...Published: 11 Mar 2025 at 17:13hrs | 1985 | by Staff reporter
CCC MP faces legal setback in challenge against wealth tax
Marondera Central opposition legislator Mr. Caston Matewu has suffered a legal defeat in his attempt to challenge the Government's wealth tax, which was introduced in the 2024 National Budget and has ...Published: 17 Dec 2024 at 06:30hrs | 344 | by Staff reporter
Uneca tells Zimbabwe to work on debt
THE United Nations Economic Commission for Africa (Uneca) deputy executive secretary programme Support Antonio Pedro says Zimbabwe needs to work on its debt to deal with its economic crises.Cu...Published: 04 Mar 2024 at 04:44hrs | 19 | by Staff reporter
No property worth US$250 000 in Bulawayo
THE Bulawayo City Council (BCC) has declared that there is no single property within the city that meets the threshold for the recently introduced wealth tax, at least according to their records....Published: 25 Feb 2024 at 07:17hrs | 5 | 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 | 11 | by Staff reporter
How greed stole Christmas for poor Zimbabweans
Christmas is supposed to be the season for good cheer, but for most Zimbabweans this year will be another difficult festive season as they struggle to put food on the table.It has been yet ano...Published: 27 Dec 2023 at 19:43hrs | 10 | by Staff reporter
Media that serves the ruling elite is against the people!
Lately, in Zimbabwe, there has been a noticeable resurgence in calls for media to focus more on what is termed 'developmental journalism'.We have heard this call repeated by the new informatio...Published: 20 Dec 2023 at 22:56hrs | 13 | by Tendai Ruben Mbofana
CCC MPs sold out
THE Citizens Coalition for Change (CCC) on Thursday had a bloodrush to the head. They caused a mini commotion in the National Assembly and took with them down the people of Zimbabwe when they received...Published: 17 Dec 2023 at 18:09hrs | 1 | by Paidamoyo Muzulu
Mthuli Ncube forced to revise passport fees
Finance minister Mthuli Ncube steered through his 2024 national budget in a marathon sitting of parliament which concluded just before 1AM on Friday, making several revisions to his tax proposals....Published: 15 Dec 2023 at 15:47hrs | 7 | by Staff reporter
Prices go 'haywire' during Zimbabwe festive season
A FRESH wave of price increases on basic goods and services has dampened the festive mood, stealing the cheer away from the majority of the country's citizens already struggling to make ends meet....Published: 15 Dec 2023 at 07:30hrs | 1 | by Staff reporter
Mthuli back track on wealth tax ...amid concerns govt is not applying mind on serious issues
MInister of Finance Mthuli Ncube has reportedly backtracked on the 1% Wealth Tax on property amid concerns by former MDC Matabeleland North senator Chief ...Published: 15 Dec 2023 at 07:21hrs | 2 | by Stephen Jakes
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 | 13 | by Staff reporter
Zimbabwe industry players call for Budget taxes review
Organisations in industry and commerce want Finance, Economic Development and Investment Promotion Minister Professor Mthuli Ncube to review some of the tax proposals he made in the 2024 Budget saying...Published: 12 Dec 2023 at 05:51hrs | 14 | 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 | 13 | by Staff Reporter
Mthuli Ncube targets revenue from backyard chicken producers, informal businesses
Unregistered small businesses reaping profits from the country's money-spinning environment could soon find themselves elbowed out of the supply chain, finance minister Mthuli Ncube said recently, as ...Published: 04 Dec 2023 at 06:53hrs | 18 | 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 | 15 | 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 | 13 | 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 | 16 | 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 | 15 | 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 | 14 | by Staff reporter
Former MDC senator blasts Mthuli Ncube over wealth tax
FORMER MDC senator for Matabeleland North Chief Ndlovu has blasted the Finance Minister over the wealth tax he imposed during the announcement of the 2024 national budget."I want to believe th...Published: 03 Dec 2023 at 09:56hrs | 14 | by Stephen Jakes
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 | 13 | 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 | 12 | 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 | 12 | by Staff reporter
Zimbabwe MPs push for wealth tax
LEGISLATORS have urged Finance minister Mthuli Ncube to introduce a wealth tax to increase the country's revenue base and bolster social safety nets.Contributing to debate on the Finance Bill ...Published: 08 Dec 2022 at 05:08hrs | 4 | by Staff reporter
Bankers call for more taxes
BANKERS have urged Finance minister Mthuli Ncube to introduce sin-taxes to help grow the country's revenue base.In his presentation at a Parliament post-budget seminar on Monday, Bankers Assoc...Published: 01 Dec 2022 at 04:59hrs | 1 | by Staff reporter
Zimbabweans lobby groups advocate for wealth tax
ZIMBABWE Fight Inequality Alliance, a coalition of 18 lobby groups, is advocating for government to introduce wealth tax to address economic inequality and developmental deficits in the country....Published: 10 Nov 2021 at 05:34hrs | 7 | by Staff reporter
Malema to build RDP houses in Sandton
THE upmarket area of Sandton will see the construction of RDP houses near the affluent northern area if the EFF takes over the City of Joburg after the November 1 national local government elections....Published: 26 Sep 2021 at 20:02hrs | 14 | by Staff reporter
Treasury loses $112 billion to dodgy crony tax exemptions
TREASURY, always in financial dire straits, lost about ZW$112 billion in potential revenue last year (approximately US$1.3 billion on the official exchange rate) through tax expenditures consisting of...Published: 10 Sep 2021 at 18:52hrs | 12 | by Staff reporter
Cry my beloved Zimbabwe . . . as country is closed for business
Once open for business, Zimbabwe is closed for business.Shops are closed, people are scared and companies are closing just as is the democratic space that President Emmerson Mnangagwa opened u...Published: 20 Jan 2019 at 12:25hrs | 11 | by Staff rpeorter
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 | 1 | by Eddie Cross
Zimbabwe's public health spending lowest in Sadc
GOVERNMENT spending towards health this year averaged a measly $21 per person, a figure that is lower than $24 per person in 2016, the Community Working Group on Health (CWGH) has said.In its ...Published: 03 Oct 2017 at 06:04hrs | | by Staff reporter
South Africa leaving the JP Morgan Bond Index?
The rand lost almost 2% against the firmer US dollar on Wednesday and on rumours that South Africa is leaving the JP Morgan Bond Index."The rumours of the exit is not helping the ZAR. It...Published: 26 Apr 2017 at 17:11hrs | | by Fin24
Kenyan journalist scoops African Growth Story Award at Sanlam Awards for Excellence in Financial Journalism
(Johannesburg, 10 June 2016) Mr Allan Odhiambo of Kenya's Business Daily newspaper is the winner of the African Growth Story Award in the 2015 Sanlam Awards fo...Published: 10 Jun 2016 at 18:06hrs | 1 | by Agencies
Zimbabwe adds to the ranks of super-rich
FOR a country that has been bludgeoned by economic sanctions from North America and the European bloc for the past 15 years, it seems there is a disproportionate rise in the nouaveau riche (newly rich...Published: 24 May 2015 at 10:39hrs | 3 | by Darlington Musarurwa
A strange love for Nelson Mandela
In this piece we make the case that Mandela was essentially used by white capital and that the fawning adoration expressed by white people is insincere and self-serving. What appears to be love for M...Published: 09 Dec 2013 at 06:38hrs | | by Amai Jukwa and Garikai Chengu
Desmond Tutu calls for a 'wealth tax' on all white South Africans
Archbishop Emeritus Desmond Tutu has called for a "wealth tax" to be imposed on all white South Africans.The former archbishop of Cape Town and former head of the Truth and Reconciliation Com...Published: 18 Aug 2011 at 06:48hrs | | by Cape Argus
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