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The Mnangagwa regime
This article was first published by the House of Commons Libra...Published: 15 Feb 2019 at 14:35hrs | 911 | by House of Commons Library
Government committed to implementing reforms
The new administration under the leadership of President Emmerson Mnangagwa has shown serious commitment in amending major reforms, which are mainly economic, political and media reforms, as shown by ...Published: 15 Feb 2019 at 11:45hrs | 843 | by Gift Mashoko
2% tax challenge, judgment reserved
High Court judge Justice Happius Zhou has reserved judgment in an application filed by pro-democracy activist Mfundo Mlilo, seeking an order to suspend the 2% electronic transactions tax introduced by...Published: 14 Feb 2019 at 07:30hrs | 609 | by Staff reporter
Western Union fails to dispense cash
Western Union Co is failing to dispense cash from money transfers within Zimbabwe amid a worsening shortage of US dollars. The world's largest money transfer company declined to comment, refer...Published: 13 Feb 2019 at 09:15hrs | 3981 | by Staff reporter
Bank cashier in court over $1m fraud, money-laundering
A FIRST Bank cashier stationed in Harare yesterday appeared in court facing fraud and money-laundering charges involving $1 million.Bangiso Shield Tafirei (30) appeared before Harare magistrat...Published: 13 Feb 2019 at 08:46hrs | 2109 | by Staff reporter
ZimAchievers Awards South Africa announces 2019 Nominees, partners
Zimbabwe Achievers Awards South Africa (ZAA SA) have announced the nominees for the 5th Zororo Phumulani ZAA SA on their website and social media platforms during a live broadcast from South Africa....Published: 11 Feb 2019 at 09:20hrs | 246 | by Agencies
Zanu-PF feeds Govt economic drive
The ruling party last December held its Annual People's Conference in Esigodini where a number of resolutions that centre on the economy were passed.But over and above the resolutions, we had ...Published: 10 Feb 2019 at 05:49hrs | 109 | by Staff reporter
Mnangagwa targets ill-gotten wealth
GOVERNMENT has begun crafting a law to provide a legal standing to probe and seize wealth from individuals suspected to have clandestinely accumulated riches.Last year, President Emmerson Mnan...Published: 10 Feb 2019 at 05:46hrs | 425 | by Staff reporter
Austerity shocks to subside in 6 months
Painful shocks from ongoing economic reforms will substantially subside after six months, as the period prior coincides with the implementation of most interventions Government is instituting to stabi...Published: 08 Feb 2019 at 08:33hrs | 246 | by Staff reporter
WorldRemit celebrates Zimbabwean talent through renewed partnership with ZimAchievers Awards
Zimbabwe Achievers Awards (ZAA) has renewed its partnership with WorldRemit for its 2019 South Africa edition..mWorldRemit will join ZAA in recognising the div...Published: 07 Feb 2019 at 15:10hrs | 445 | by Staff reporter
Zimbabwe diaspora are marginalised
Since Monday January 14, Zimbabwe's diaspora were horrified watching violent events unfold, and during the Internet shutdown, were petrified unable to contact family, friends and neighbours back home....Published: 06 Feb 2019 at 08:13hrs | 400 | by Pearl Matibe
WorldRemit launches low-cost money transfer service from SA to Zimbabwe
Leading digital money transfer service WorldRemit has launched low-cost online money transfers from South Africa to Zimbabwe.Using the WorldRemit app or website, Zimbabweans living in South Af...Published: 31 Jan 2019 at 14:29hrs | 1371 | by Staff reporter
Mthuli Ncube's mobile transfer tax injects $177 million in three months
THE 2 percent mobile transfer tax introduced by government late last year has injected $177 million into the economy, the country's tax collector has revealed.According to the Zimbabwe Revenue...Published: 26 Jan 2019 at 16:55hrs | 1890 | by newzimbabwe
Mthuli Ncube's 2% tax rakes in millions
Zimbabwe's tax agency collected $177,27 million from the Intermediated Money Transfer Tax (IMTT) last year boosted by a review of the charge to 2 percent for electronic transactions in October as gove...Published: 25 Jan 2019 at 00:37hrs | 4320 | by Staff reporter
Zimra surpasses FY18 revenue target by 17,7%
Zimbabwe's net revenue collections for the full year to December amounted to $5, 06 billion surpassing its target by about 18% as collections surged in the last quarter due to the 2% tax on electronic...Published: 24 Jan 2019 at 07:29hrs | 575 | by Staff reporter
'Mthuli Ncube's 2% electronic transaction tax illegal'
LEGAL think-tank Veritas still maintains that the 2% electronic transaction tax, which was introduced last year by Finance minister Mthuli Ncube, is still illegal and that attempts to amend the Financ...Published: 23 Jan 2019 at 11:30hrs | 2759 | by Staff reporter
World Remit fails to pay out cash due to #ZimbabweShutDown
MONEY transfer company, WorldRemit has announced it is failing to pay out cash today due to the internet ShutDown announced in Zimbabwe, a Technology website ...Published: 18 Jan 2019 at 16:11hrs | 1282 | by Staff reporter
Government targets reduction of tax burden by 2021
Government says Zimbabweans should expect reduction of the tax burden by 2021 as Treasury seeks to address challenges that led to the country experiencing fiscal imbalances.The reduction in go...Published: 13 Jan 2019 at 18:34hrs | 1508 | by Staff Reporter
Zimbabwe's currency conundrum
ZIMBABWE'S ongoing currency crisis can be best described as a conundrum. Not only is it problematic, but it is also confusing and complex.On the one hand, you have an evident devaluation of lo...Published: 09 Jan 2019 at 11:34hrs | 1515 | by Staff reporter
Back to school, back to period poverty!
In a country with 3 million girls and women who menstruate, with about a third of them being school going children either in primary or secondary school, there is a good chance that thousands of them ...Published: 08 Jan 2019 at 11:36hrs | 1247 | by Theresa Nyava
Money transfer service sings the blues
ZIMPOST'S money transfer service, Zipcash, is struggling to break even due to cash shortages and failure by the South African corridor to perform up to standard, acting managing director Sifundo Moyo ...Published: 07 Jan 2019 at 08:41hrs | 1514 | by Staff reporter
Job losses spike as economy deteriorates
POOR government policies have led to the escalation of the country's economic crisis with an estimated 13 000 people in the western region losing their jobs in the past 12 months, a labour official ha...Published: 06 Jan 2019 at 10:07hrs | 469 | by Staff reporter
Mthuli Ncube's 2% tax raises $572 million in December
Government says it has surpassed its monthly target for December and raised $572,4 million through the controversial two percent tax.According to Finance minister Mthuli Ncube, revenue generat...Published: 31 Dec 2018 at 18:38hrs | 1715 | by Staff reporter
Revenue collections surpass $5 billion
ZIMBABWE'S revenue collections surpassed $5 billion after a tax increase on electronic transfers buoyed December collections to peak at $572,4 million, official data has shown.In a bid to shor...Published: 31 Dec 2018 at 18:10hrs | 246 | by Staff reporter
Zimbabwe in panic mode, solution needed
LAST Saturday, I attended the Mbira Festival which was organised by my friend, Albert Chimedza, at Mukuvisi Woodlands in Harare.It was an awesome venue for a traditional music festival with a ...Published: 22 Dec 2018 at 19:11hrs | 620 | by Debbie Peters
Mthuli Ncube brushes-off Biti's car import duty criticism
Finance and Economic Development Minister Professor Mthuli Ncube yesterday defended the payment of import duty in foreign currency in his 2019 national budget statement saying the measure was premised...Published: 20 Dec 2018 at 09:44hrs | 1904 | by Staff reporter
Mthuli Ncube defends forex duty in an intelligent manner
Finance and Economic Development Minister Professor Mthuli Ncube yesterday defended the payment of import duty in foreign currency in his 2019 National Budget Statement saying the measure was premised...Published: 20 Dec 2018 at 06:07hrs | 1743 | by Staff reporter
Zimbabwean diaspora could send their loved ones an extra gift this Christmas - for free!
New research from WorldRemit reveals that the Zimbabwean diaspora could be losing up to $9 every time they send money home this festive season due to the high cost of sending money through traditional...Published: 18 Dec 2018 at 16:07hrs | 788 | by Agencies
Mnangagwa told to clear arrears first
President Emmerson Mnangagwa's administration has put in place a viable plan to turn around Zimbabwe's economic fortunes, the International Monetary Fund (IMF) has said, but called on the country to q...Published: 16 Dec 2018 at 14:06hrs | 1445 | by Staff reporter
WorldRemit partners BancABC
WORLDREMIT, a global remittance firm, has partnered BancABC, adding the banking group's 20 branches as new cash pick-up locations across Zimbabwe."The deal with BancABC supports WorldRemit's e...Published: 14 Dec 2018 at 06:19hrs | 506 | by Staff reporter
National hero's son blasts Western Union
Siphosami Malunga, son to the late struggle stalwart Sydney Malunga has called upon Zimbabweans to name and shame Western Union over its opaque dealings when it comes to delivering money sent to Zimba...Published: 13 Dec 2018 at 15:36hrs | 4377 | by Mandla Ndlovu
Economy rebasing to grow Zimbabwe revenue
The rebasing of the Zimbabwean economy has highlighted additional opportunities to grow revenue and also pointed to high levels of tax evasion, Finance and Economic Development Minister Mthuli Ncube h...Published: 10 Dec 2018 at 05:32hrs | 466 | by Staff reporter
Chamisa heaps pressure on Mnangagwa
As Zimbabwe's economy continues to deteriorate opposition leader Nelson Chamisa cranked up the political heat on President Emmerson Mnangagwa and his ruling Zanu-PF yesterday, calling for the immediat...Published: 30 Nov 2018 at 10:37hrs | 2727 | by Staff reporter
Full text: MDC petition to SADC, AU
PETITIONTo: Parliament of Zimbabwe, Speaker of Parliament, Hon Jacob MudendaSADC, Chairperson, HE Pres...Published: 29 Nov 2018 at 14:28hrs | 6779 | by Mandla Ndlovu
'Black market rates to fall in medium-term'
Local research firm IH Securities sees parallel market rates falling in the medium term, as government implements fiscal discipline and moderating consumer demand.Since the presentation of the...Published: 28 Nov 2018 at 22:40hrs | 2122 | by Staff reporter
More exemptions on Mthuli Ncube's 2% tax
TREASURY has proposed further exemptions to the Intermediated Money Transfer Tax of two cents per dollar transacted following widespread stakeholder concerns and the need to ease cost of doing busines...Published: 28 Nov 2018 at 07:10hrs | 7404 | by Staff Reporter
Anchor wage talks on 10% inflation: RBZ
The Reserve Bank of Zimbabwe (RBZ) says employers and labour unions should anchor any wage negotiations for next year on the projected 10 percent year-on-year inflation. This emerged during the 6th an...Published: 27 Nov 2018 at 05:40hrs | 1269 | by Staff reporter
Zimbabweans to apply for passports at post offices
Government is working on measures that will allow citizens to obtain passports and other official documents at post offices across the country, it has been learnt.The latest development is lik...Published: 26 Nov 2018 at 16:04hrs | 5311 | by Staff reporter
Chamisa sets date for anti-Mnangagwa demo
The Nelson Chamisa-led MDC has mobilised its supporters to take to the streets on Thursday to demonstrate against the worsening economic situation, which has seen prices of all goods and services skyr...Published: 26 Nov 2018 at 06:25hrs | 4954 | by Staff reporter
Zimbabwe fuel price to go up
Fuel prices are set to go up after Government raised excise duty on petrol and diesel by up to 7 cents per litre to reduce arbitrage opportunities by foreigners taking advantage of local currency disp...Published: 23 Nov 2018 at 05:11hrs | 3078 | by Staff reporter
Govt, industry in prices deadlock
GOVERNMENT and business yesterday reached an impasse over arbitrary price hikes after a lengthy meeting between Industry and Commerce minister Mangaliso Ndlovu and captains of industry in the capital....Published: 20 Nov 2018 at 06:06hrs | 882 | by Staff reporter
Mnangagwa govt told to dollarise now
Daily News writer Pauline Hurungudo interviews Steve Hanke, a professor of applied economics at The Johns Hopkins University and senior fellow at the Cato Institute.Over four decades, Hanke ha...Published: 19 Nov 2018 at 15:57hrs | 7060 | by Staff reporter
'Arbitrary arrests, detention rise'
The month of October witnessed an increase in cases of arbitrary arrests and detention, the Human Rights NGO Forum has said in its Organised Violence and Torture Report for October.This follow...Published: 17 Nov 2018 at 15:48hrs | 1631 | by Staff reporter
Mnangagwa proposes more tough austerity measures
President Emmerson Mnangagwa has said there is no going back on his unpopular new tax on electronic transactions and promised expenditure cuts across government departments.The country introdu...Published: 15 Nov 2018 at 12:54hrs | 1589 | by Staff reporter
Zimbabwe economic pain not being shared
Finance minister Mthuli Ncube's recent confirmation that government will soon buy vehicles for parliamentarians exposes government's insincerity in tackling its ballooning budget deficit.It al...Published: 12 Nov 2018 at 10:51hrs | 3576 | by Staff reporter
'Mthuli Ncube's 2c tax unsustainable'
Industry says the controversial Intermediary Money Transfer Tax should be amended in the upcoming 2019 National Budget to improve the ease of doing business in the country.The Confederation of...Published: 12 Nov 2018 at 10:14hrs | 2699 | by Staff reporter
Money is the root of all evil
We all use money every day and yet few of us really understand what these bits of paper or cotton or simply figures in a ledger really mean. But we know the stuff is important.In economic term...Published: 12 Nov 2018 at 05:38hrs | 999 | by Eddie Cross
Let's make the smart phone disposable
Smartphones continue to be targeted by robbers, pickpockets and thieves. Many people have been victims of robberies where smartphones are the prized target. The advent of mobile money transfer...Published: 10 Nov 2018 at 17:00hrs | 1988 | by Tondo Murisa
Mnangagwa coming after cartels
PRESIDENT Emmerson Mnangagwa yesterday vowed to clamp down on cartels involved in various corrupt activities such as fraud, money-laundering, insider trading and manipulation of government procurement...Published: 09 Nov 2018 at 05:16hrs | 6875 | by Staff reporter
'2% tax paying dividends,' says Mnangagwa
The 2 cents intermediary money transfer tax introduced by Government recently is helping Government to narrow its budget deficit significantly, President Mnangagwa has said. Responding to ques...Published: 08 Nov 2018 at 17:09hrs | 4110 | by Staff reporter
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