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Mthuli Ncube budget recipe for disaster, says MPs
LEGISLATORS yesterday threatened not to pass Finance minister Mthuli Ncube's $927 billion budget for 2022, describing it as a "useless recipe for disaster".Ncube presented his budget before Pa...Published: 19 hrs ago | 1279 | by Staff reporter
Rebate on duty scammers exposed
GOVERNMENT has tightened the conditions for businesses benefiting from the rebate of duty facilities amid concerns over lack of transparency and accountability, which has seen some beneficiaries makin...Published: 29 Nov 2021 at 05:32hrs | 278 | by Staff reporter
Zimra warns traders over US$ transactions
THE Zimbabwe Revenue Authority (Zimra) has warned traders and businesses against fabricating financial information on transactions done in foreign currency. Zimra implored those in violation o...Published: 24 Nov 2021 at 09:01hrs | 1929 | by Staff Reporter
US$28m in taxpayers' funds misappropriated in corrupt deal
THE Parliamentary Portfolio Committee on Lands has recommended that the police and Zimbabwe Anti-Corruption Commission investigate the Grain Millers' Association of Zimbabwe (GMAZ) and its president T...Published: 22 Nov 2021 at 06:16hrs | 889 | by Staff reporter
National Blankets halts production as tiff with Zimra escalates
TEXTILE giant National Blankets has temporarily stopped production after the manufacturing firm failed to settle a ZW$800 000 Zimbabwe Revenue Authority (ZIMRA) debt.The Bulawayo company...Published: 21 Nov 2021 at 08:51hrs | 1711 | by Staff Reporter
Omalayitsha blockade Beitbridge border post
CHAOS rocked Beitbridge Border Post at the weekend after cross-border transporters blocked roads in protest over the continued closure of the Zimbabwean side.Zimbabwe closed its borders in 202...Published: 15 Nov 2021 at 05:28hrs | 4538 | by Staff reporter
Businessman cleared of fraud
A 54-year-old Harare businessman who was facing charges of defrauding his tenant of his US$20 910 in a lease agreement deal has been cleared.Oren Rukwava who was represented by Tawanda Takaend...Published: 13 Nov 2021 at 05:54hrs | 252 | by Staff reporter
Driver vanishes, fuel tanker impounded
Police and other security agents have impounded a foreign registered fuel tanker at Chirundu One-Stop Border Post which was loaded with about 25 000 litres of water after the driver had attempted to d...Published: 12 Nov 2021 at 05:31hrs | 409 | by Staff reporter
Fuel Tanker filled with water impounded
Police and other security agents have impounded a foreign registered fuel tanker at Chirundu One-Stop Border Post which was loaded with about 25 000 litres of water after the driver had attempted to d...Published: 11 Nov 2021 at 17:42hrs | 2116 | by Staff reporter
ZBC hikes licence fees
Cabinet received an update in respect of Zimbabwe's Covid-19 response as presented by the Honourable Vice President Dr. CGDN Chiwenga as chairperson of the Ministers' National Committee.The na...Published: 10 Nov 2021 at 05:31hrs | 394 | by Staff reporter
'Zimbabweans overtaxed'
ZIMBABWEANS are being heavily taxed, resulting in the Zimbabwe Revenue Authority (Zimra) meeting revenue collection targets despite a poor economic performance.A recent analysis on taxation by...Published: 08 Nov 2021 at 05:29hrs | 2450 | by Staff reporter
'Police won't relent in smuggling fight'
THE Zimbabwe Republic Police says it is descending hard on bus operators that are being used as conduits to smuggle goods and migrants into the country, depriving the State of millions of dollars in r...Published: 07 Nov 2021 at 07:06hrs | 70 | by Staff reporter
Zanu-PF fights delay wheat payments
PAYMENTS to wheat farmers for the 2021 season are likely to be delayed after millers, who had pledged $5,5 billion to complement government funds, were scandalised by a parliamentary report which left...Published: 06 Nov 2021 at 06:15hrs | 246 | by Staff reporter
Normalcy returns at Beitbridge border
The private company managing the new Beitbridge border post terminal has largely cleared the chaos that characterised the early days of the post's opening last month and wants to increase efficiency o...Published: 03 Nov 2021 at 05:16hrs | 245 | by Staff reporter
Zimra urges motorists to regularise clearances
THE Zimbabwe Revenue Authority (ZIMRA) has advised individuals and corporates who own vehicles that were not properly cleared with the taxman to regularise their clearances by November 8 or face penal...Published: 31 Oct 2021 at 06:53hrs | 94 | by Staff reporter
Zimra grants car importers duty grace period
THE Zimbabwe Revenue Authority (Zimra) has extended a two-week grace period to importers who under-declared duty on motor vehicles, as the tax collector adopts moral suasion as a first option to promo...Published: 30 Oct 2021 at 15:05hrs | 1162 | by Staff reporter
Ex-cop busted attempting to smuggle ammunition into Zimbabwe
A 44-year-old ex-police officer has been arrested by the national security task force while attempting to illegally import an assortment of ammunition through the Beitbridge Border Post on Sunday....Published: 27 Oct 2021 at 21:54hrs | 2382 | by Staff Reporter
Corruption at Beitbridge has gone too far
IMAGINE a border post where haulage trucks are forced to spend more than five days in a queue to complete a customs clearing process that under normal circumstances would not take mere hours.T...Published: 25 Oct 2021 at 06:27hrs | 2174 | by Staff reporter
Zimbabweans govt acts after SA rebuke
The government has deployed a crack team from the Zimbabwe Revenue Authority and the Zimbabwe Republic Police Criminal Investigation Department to Beitbridge amid reports that corruption was at the co...Published: 24 Oct 2021 at 09:30hrs | 1639 | by Staff reporter
Zimra sets up crisis management team at border
THE Zimbabwe Revenue Authority (Zimra) has said it is setting up a crisis management team to be on the ground around the clock at Beitbridge Border Post to ensure efficiency and avoid congestion and d...Published: 22 Oct 2021 at 06:29hrs | 499 | by Staff reporter
Transporters must adopt required pre-clearance processes at border
It's just over a week since the new Beitbridge Border Post freight terminal has been opened to the public and the results of improved border management systems are slowly beginning to show.Lik...Published: 22 Oct 2021 at 06:28hrs | 423 | by Nick Mangwana
Zimra cracks whip at border
Trucks arriving at Beitbridge without the proper paperwork and without pre-clearing their cargoes, so taking up parking space and causing delays, are now being charged penalties, Zimbabwe's Border Eff...Published: 21 Oct 2021 at 06:18hrs | 537 | by Staff reporter
Car dealer loses US$40K to fraudster
A HARARE businessman lost US$40 000 to a fraudster in a botched vehicle clearance deal.The issue was heard yesterday by Harare magistrate Dennis Mangosi when the accused, Maganga Robert Pembed...Published: 20 Oct 2021 at 07:36hrs | 881 | by Staff reporter
Truckers face Beitbridge chaos
When it was controversially awarded a US$240 million contract to upgrade the Beitbridge border post in 2018, the Zimborders Consortium said it would provide "world class border facilities that optimis...Published: 18 Oct 2021 at 19:32hrs | 510 | by Staff reporter
Major boost for NRZ
A new fleet of locomotives, wagons and coaches should be equipping the National Railways of Zimbabwe (NRZ) by year end with the new dispensation making major strides in revamping the almost collapsed ...Published: 18 Oct 2021 at 06:26hrs | 539 | by Staff reporter
Border chaos: National Ports Authority the missing link
The Government has over the years come up with a number of strategies to remove trade barriers and enhance the smooth flow of people and cargo through its land borders.This is being done with ...Published: 18 Oct 2021 at 06:26hrs | 268 | by Staff reporter
Govt, business stalemate rages
BUSINESS executives made desperate attempts from last week Friday to worm their way out of arrests for violating foreign currency exchange regulations, but the government turned a deaf ear as it vowed...Published: 15 Oct 2021 at 20:19hrs | 328 | by Staff reporter
Hats off to security forces at Beitbridge Border
MEMBERS of the security forces deployed along the Zimbabwe/South African border deserve praise for their efforts towards the eradication of crime at the two countries' boundary.To date, police...Published: 15 Oct 2021 at 06:17hrs | 315 | by Staff reporter
Illicit dealings cost Zimbabwe $2bn annually
Zimbabwe Anti-Corruption Commission (Zacc) chairperson Justice Loice Matanda-Moyo has said the country is losing about $2 billion annually through illicit dealings with the private sector being the ma...Published: 15 Oct 2021 at 06:16hrs | 70 | by Staff reporter
Commercial cargo piling up at border
Commercial cargo continues to pile up on both sides of the Beitbridge border post where truck drivers are passively protesting over the poor service delivery at the border and the introduction of rela...Published: 14 Oct 2021 at 06:20hrs | 477 | by Staff reporter
Zimra stalling development in the country
The Zimbabwe Revenue Authority is throwing stones in the way of President Emmerson Mnangagwa's vision 2030 as they are charging exorbitant duty to local and international investors who would want to i...Published: 12 Oct 2021 at 19:05hrs | 1343 | by Shelton Muchena recently in Victoria falls
Truckers block traffic at Limpopo bridge
COMMERCIAL traffic going into South Africa and Zimbabwe through the Beitbridge border post was yesterday delayed by more than four hours after truck drivers staged a sit-in at the New Limpopo Bridge d...Published: 12 Oct 2021 at 05:57hrs | 640 | by Staff reporter
RBZ, business reach consensus on exchange rates, pricing
A number of agreements were thrashed out yesterday between the Reserve Bank of Zimbabwe and leaders of the business sector to deal with what everyone agreed were unjustified jumps in black-market exch...Published: 12 Oct 2021 at 05:55hrs | 691 | by Staff reporter
Bigwig defends lavish party
UNDERFIRE Finance ministry permanent secretary George Guvamatanga has struck a defiant tone after fierce criticism over his 50th birthday bash in Harare where he invited top performers from South Afri...Published: 10 Oct 2021 at 06:53hrs | 777 | by Staff reporter
Zera dismisses Zimdollar fuel hoax
THE Zimbabwe Energy Regulatory Authority (zera) has not designated any service station to sell fuel exclusively in Zimbabwe dollars, contrary to reports circulating on social media.In a statem...Published: 10 Oct 2021 at 06:36hrs | 493 | by Staff reporter
Smuggling dragnet intercepts 68 buses
SIXTY-EIGHT (68) buses suspected to be transporting smuggled goods worth millions between Zimbabwe and South Africa were intercepted by the National Security Taskforce over the past 30 days.Th...Published: 10 Oct 2021 at 06:35hrs | 659 | by Staff reporter
Cash-only businesses dodging taxes
Harare's downtown businesses and other informal sector players have found a way of avoiding taxes by demanding cash transactions only, and strictly in US dollars, forcing customers to buy the greenbac...Published: 10 Oct 2021 at 06:35hrs | 278 | by Staff reporter
Zimra pounces on tax evaders, recovers US$8m
THE Zimbabwe Revenue Authority (Zimra) has said it has completed investigations of 142 cases of tax evasion and recovered over $750 000 and US$8 million since the beginning of the year.This wa...Published: 09 Oct 2021 at 07:31hrs | 419 | by Staff reporter
Govt threatens crackdown on businesses fuelling forex black market
GOVERNMENT has threatened to suspend operating licences for business entities manipulating the official foreign currency rate, thus fuelling the high parallel market exchange rate.In a stateme...Published: 08 Oct 2021 at 06:32hrs | 501 | by Staff reporter
Govt ups forex black market fight
GOVERNMENT is implementing a raft of additional measures to curb the illegal trading of forex and the benchmarking of prices using the parallel market rates, Finance and Economic Development Minister ...Published: 08 Oct 2021 at 06:26hrs | 305 | by Staff reporter
Noose tightened on Innscor and other retailers using black market rates
Retailers that continue to flout foreign currency regulations by setting prices in US dollars and then converting at the blackmarket rate will have their operating licences immediately suspended while...Published: 08 Oct 2021 at 06:26hrs | 413 | by Staff reporter
Number plates, registration books now available
The Zimbabwe Revenue Authority (ZIMRA) says vehicle number plates and registration books are now available at their various offices around the country.In recent months, motorists with imported...Published: 05 Oct 2021 at 20:43hrs | 713 | by Staff reporter
37 in court for attempting to smuggle cigarettes into SA
Thirty-seven suspects who were arrested while attempting to smuggle 76 cardboard crates of export quality Remmington Gold cigarettes out of the country into South Africa appeared before Beitbridge Res...Published: 04 Oct 2021 at 05:48hrs | 204 | by Staff reporter
We declare war against greed
At no time in our recent past has the country's economic vitals looked any healthier.Between January and June this year, exports topped US$2,5 billion, which represents a 35 percent improvemen...Published: 03 Oct 2021 at 08:09hrs | 29 | by Staff reporter
Zimra throttles smugglers' breathing space
The Zimbabwe Revenue Authority (Zimra) will with effect from tomorrow introduce tight import regulations that will minimise the smuggling of commercial cargo by syndicates working with freight forward...Published: 30 Sep 2021 at 21:27hrs | 396 | by Staff reporter
Zimra boss wins gong
ZIMBABWE Revenue Authority acting (Zimra) commissioner-general Rameck Masaire was the recipient of the Chartered Secretary of the Year for 2020 by the Chartered Governance and Accountancy Institute in...Published: 30 Sep 2021 at 07:17hrs | 335 | by Staff reporter
Police impound bus with smuggled goods from South Africa
Police in Bulawayo have recovered smuggled goods from South Africa whose worth is yet to be determined.They managed to recover beds, refrigerators, vehicle engines, washing machines, doors, do...Published: 27 Sep 2021 at 06:15hrs | 725 | by Staff reporter
New Beitbridge trucks route opened
ZIMBORDERS on Friday opened the newly-built commercial trucks route at Beitbridge Border Post, signalling the completion of the first phase of the US$300 million border upgrade.The South Afric...Published: 20 Sep 2021 at 07:15hrs | 2017 | by Staff reporter
Why are Zimbabwean companies failing to pay taxes?
A ZIMBABWE Revenue Authority (Zimra) annual report for 2020 released last week confirmed the heavy burden that the country's industries are battling to contain — outstanding taxes are mounting, and ...Published: 20 Sep 2021 at 07:13hrs | 742 | by Staff reporter
Arenel invests US$3m, expands export footprint
BUOYED by enhanced production capacity following recent capital investments, diversified food producer, Arenel Private Limited, now targets widening export market beyond Africa while creating more job...Published: 20 Sep 2021 at 07:10hrs | 373 | by Staff reporter
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