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Revenue improves after Beitbridge upgrade
Government revenue at the Beitbridge Border Post has surged significantly following the completion of its modernisation, showcasing a successful example of how public-private partnerships (PPPs) can d...Published: 26 May 2025 at 08:35hrs | 622 | by Staff reporter
Treasury surpasses Q1 tax revenue target
Zimbabwe has exceeded its tax revenue collection target for the first quarter of 2025, with the Zimbabwe Revenue Authority (ZIMRA) collecting US$1.5 billion, marking a significant milestone in the gov...Published: 13 May 2025 at 10:02hrs | 118 | by Staff reporter
Zimra targets US$7.155 billion in 2025 revenue collection drive
The Zimbabwe Revenue Authority (ZIMRA) has set an ambitious target to collect US$7.155 billion in tax revenue for 2025, reflecting a 17 percent increase from the 2024 target.ZIMRA, the governm...Published: 03 Apr 2025 at 08:05hrs | 84 | by Staff reported
Zimbabwe govt posts ZiG3,4bn budget deficit
GOVERNMENT has reported a ZiG3,4 billion budget deficit for the first nine months of the year owing to inflationary pressures and growing expenditure.Finance, Economic Development and Investme...Published: 07 Nov 2024 at 07:13hrs | 271 | by Staff reporter
Drones and fast cargo scanners deployed at the Beitbridge Border Post
Drones and fast cargo scanners have been deployed by the Government at the Beitbridge Border Post as it intensifies the use of modern technologies to curb invasive leakages and smuggling through ports...Published: 26 Jan 2024 at 04:38hrs | 46 | 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
Professor Ncube readies Zimbabwe's budget
AS Finance, Economic Development and Investment Promotion Minister, Professor Mthuli Ncube, readies to present the 2024 National Budget tomorrow, expectations are high that it will consolidate prevail...Published: 29 Nov 2023 at 05:08hrs | 16 | by Staff reporter
Bulawayo City Council proposes US$263 million budget
BULAWAYO City Council (BCC) yesterday proposed a standstill US$263 million gender-responsive budget for next year while prioritising service delivery and predicting a stable economic environment in 20...Published: 31 Oct 2023 at 05:37hrs | 11 | by Staff reporter
Zimra to roll out new tax admin system
THE Zimbabwe Revenue Authority (ZIMRA) is set to introduce a new tax system next month in a bid to revolutionise the tax administration terrain in the country through an efficient, effective, and easy...Published: 20 Sep 2023 at 06:24hrs | 4 | by Staff reporter
Zimra revenue collection surpasses target
A TOTAL of $4,43 trillion in revenue was collected against a target of $3,49 trillion in the first half of the year with positive growth recorded on value-added tax on imports, customs duty, excise du...Published: 29 Aug 2023 at 07:04hrs | | by Staff reporter
Zimdollar depreciation scares Mthuli Ncube
FINANCE and Economic Development minister Mthuli Ncube is concerned about the depreciation of the local currency against the greenback as he drafts the national budget for 2024, fearing Zimbabwe's fis...Published: 18 Aug 2023 at 18:10hrs | | by Staff reporter
Bulawayo motorists threaten CBD parking boycott
BULAWAYO's business community and motorists say they will boycott parking in the central business district in protest over the new pricing system introduced by Tendy Three Investment (TTI) and the cit...Published: 26 May 2023 at 18:49hrs | 2 | by Staff reporter
Zimra happy with block tax system
THE Zimbabwe Revenue Authority (Zimra) says it is satisfied with the preliminary results of the Block Management System (BMS) that classifies all taxpayers into specific geographical locations or zone...Published: 28 Feb 2023 at 07:36hrs | 3 | by Staff reporter
Zimbabwe macroeconomic priorities for 2023
Zimbabwe's treasury department presented a ZW$4.5 trillion budget (21% of 2021 GDP) for the 2023 fiscal year. The budget roughly translates to US$5.3 billion if the market exchange rate is used. As is...Published: 15 Dec 2022 at 23:53hrs | | by Victor Bhoroma
New water treatment plant for Bulawayo to draw supplies from Lake Gwayi-Shangani
GOVERNMENT is inviting tenders for the construction of a new water treatment plant in Bulawayo's Cowdray Park suburb which is one of the key components of the Matabeleland Zambezi Water Project meant ...Published: 05 Dec 2022 at 05:08hrs | 7 | by Staff reporter
Gwayi-Shangani 245km pipeline project paces up
GOVERNMENT has opened a tender process for the construction of a new water treatment plant in Bulawayo's Cowdray Park suburb as it intensifies efforts to address the city's water supply shortages thro...Published: 05 Dec 2022 at 05:06hrs | 1 | by Staff reporter
'Mnangagwa's govt likely to print money to fund deficit'
ONE of Zimbabwe's top financial institutions, FBC Holdings Limited (FBC) says the 2023 National Budget announced last week will likely be funded by money printing, amid dwindling revenue options for T...Published: 29 Nov 2022 at 05:21hrs | 4 | by Staff reporter
Mnangagwa's govt in $174 billion expenditure overrun
ZIMBABWE has reported a $174 billion expenditure overrun in the nine months of 2022 to September, latest figures show.Despite beating revenue collection targets for the nine months of 2022 by ...Published: 27 Nov 2022 at 14:54hrs | | by Staff reporter
Mnangagwa's govt turns to Treasury bills, bonds
THE cash-strapped government is likely to print money to finance its $575,5 billion budget deficit, economic analysts warned yesterday after Finance minister Mthuli Ncube announced next year's $4,5 tr...Published: 25 Nov 2022 at 05:12hrs | 2 | by Staff reporter
Tough time ahead for 'zvakarongeka' Ncube
EARLY last year Finance and Economic Development minister, Mthuli Ncube made the infamous statement "zvakarongeka", loosely translating to "all is in order" as far as the country's financial reserves ...Published: 27 Oct 2022 at 06:13hrs | 15 | by Staff reporter
Zimra rolls out self-service kiosks
The Zimbabwe Revenue Authority (Zimra) has started rolling out self service facilities (Kiosk) for clients in a move to enhance efficiency in tax remittance as well as improve collections, especially ...Published: 27 Sep 2022 at 05:49hrs | 2 | by Staff reporter
Zimbabwe companies miss Zimra revenue target
THE ZIMBABWE Revenue Authority (Zimra) says companies, which are some of the major contributors to revenue, missed the target for the quarter by 17,8% due to depressed economic performance and negativ...Published: 01 Aug 2022 at 06:36hrs | 1 | by Staff reporter
Zimbabwe infrastructure upgrades to boost revenue performance
GOVERNMENT expects the on-going infrastructural development projects, particularly the upgrading of major highways, to impact positively on revenue performance through improved transport and logistics...Published: 01 Aug 2022 at 06:34hrs | 6 | by Staff reporter
No joy in Mthuli Ncube's budget
CALLS by Zimbabwe's restive civil service for United States dollar salaries went unheeded by Finance minister Mthuli Ncube yesterday.Ncube doubled the national budget to $1,9 trillion as a res...Published: 29 Jul 2022 at 06:54hrs | 8 | by Staff reporter
Zimra is now owed over $33 billion as defaults rise
THE Zimbabwe Revenue Authority (Zimra) has reported a 283,65% increase in debt to $33,25 billion in 2021 owing mostly to exporting firms indicating that the current tax regime remains too high for com...Published: 24 Jul 2022 at 10:01hrs | 3 | by Staff reporter
Zimra surpasses H1 net revenue target
THE Zimbabwe Revenue Authority (Zimra) surpassed by 36,84% to $491,49 billion its target for cumulative net revenue collections for the first half of the year, owing to intensified compliance strategi...Published: 22 Jul 2022 at 06:42hrs | 2 | by Staff reporter
South Africa becoming another Zimbabwe, unions plan national shutdown
The South African Federation of Trade Unions (SAFTU) is planning a national shutdown to protest the rising costs of living in the country and the ongoing energy crisis.SAFTU is the country's s...Published: 08 Jul 2022 at 07:42hrs | 14 | by Staff reporter
RBZ mops up ZW$31,6 billion in four months
THE Reserve Bank of Zimbabwe (RBZ) managed to mop up excess liquidity amounting to ZW$31,6 billion in the last four months of 2021 as the monetary authority upped the gear towards preserving the local...Published: 24 May 2022 at 07:26hrs | 3 | by Staff reporter
Zimra surpasses target
The Zimbabwe Revenue Authority surpassed its target for the 2022 first quarter by over eight percent despite challenges facing the economy.Zimra collected $178,77 billion against a target of $...Published: 02 May 2022 at 07:54hrs | 3 | by Staff reporter
IMF Calls for More Taxes as Citizens Face Cost-of-living-crisis
THE Zimbabwe Coalition on Debt and Development has revealed that the International Monetary Fund (IMF) has called for more taxes as citizens in Zimbabwe f...Published: 14 Apr 2022 at 08:09hrs | 9 | by Stephen Jakes
'Waste pickers saving BCC'
A BULAWAYO-BASED human rights group has defended Ngozi Mine squatters saying the waste pickers were assisting Bulawayo City Council (BCC) to deal with waste management issues.This follows plan...Published: 12 Apr 2022 at 06:31hrs | | by Staff reporter
Zimbabwe economy urgently needs tax reforms
For the fourth consecutive year, the Zimbabwe Revenue Authority (ZIMRA) has been exceeding budgeted quarterly and annual revenue targets (in ZW Dollar and in US Dollar terms). Even though the economy ...Published: 01 Apr 2022 at 12:40hrs | 10 | by Victor Bhoroma
Tsvangirai speaks from the grave
EXACTLY four years ago, the doyen of the country's democratic struggle died. It was only befitting that the late Morgan Richard Tsvangirai would die on Valentine's Day - on the day that the power of l...Published: 15 Feb 2022 at 05:37hrs | | by Luke Tamborinyoka
Zimra records Z$161bn gross revenue Q4 2021
THE ZIMBABWE Revenue Authority (Zimra) has recorded Z$161 billion in gross revenue collections for the fourth quarter ended 31 December 2021, which is 48,9 percent above target.Despite the inf...Published: 31 Jan 2022 at 05:44hrs | 3 | by Staff reporter
Zimbabwe govt clocks up huge budget deficit
GOVERNMENT incurred a budget deficit of ZW$32.1 billion (about US$286 million) during the third quarter of last year, driven by current expenditure which accounted for 61% of total spending.Cu...Published: 30 Jan 2022 at 08:26hrs | | by Staff reporter
Lifestyle audit is needed at BCC
WHY do local authorities in Zimbabwe think it is normal to be owed money by residents?Take for example, Bulawayo City Council (BCC) which is failing to effectively collect revenue to the exten...Published: 12 Jan 2022 at 04:24hrs | 1 | by Staff reporter
BCC smart city project on
THE Bulawayo City Council (BCC) will this year expedite the implementation of its smart city programme which it hopes to complete by 2024.This strategy, which was boosted by the visit of BCC o...Published: 07 Jan 2022 at 19:40hrs | 23 | by Staff reporter
Business pushes for double taxation removal
Industry wants Treasury to make the intermediated money transfer tax (IMTT) - commonly referred to as the 2 percent tax - tax deductible, arguing it has become a significant and additional cost to bus...Published: 05 Dec 2021 at 06:11hrs | 8 | by Staff reporter
Harare hikes rates
Harare City Council has proposed rate hikes that will see an average high-density suburban householder paying $2 387 a month, up from the present $1 736, from January for basic services, while a low d...Published: 10 Nov 2021 at 05:31hrs | 5 | 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 | 1 | by Staff reporter
Treasury beats revenue target by $35,6bn
Zimbabwe's Treasury has beaten its revenue collection targets for the nine months to September 2021 by $35,62 billion, Finance and Economic Development Minister Professor Mthuli Ncube said at the pre-...Published: 26 Oct 2021 at 06:39hrs | | by Staff reporter
Govt to appoint new ZIMRA board chairman, top management
The Treasury says it is close to finalising the appointment of a substantive chairman for the Zimbabwe Revenue Authority (ZIMRA) board. The tax authority is also putting the final touches to t...Published: 03 Sep 2021 at 06:46hrs | 1 | by Staff reporter
Companies flout tax directive
MANY businesses are not complying with a government directive to adopt fiscalised tax registers as part of efforts to increase revenue collections and plug off leakages, Standardbusiness has establish...Published: 08 Aug 2021 at 07:28hrs | | by Staff reporter
Meeting set up to review Govt salaries
GOVERNMENT employees and pensioners received a cumulative $80 billion as salaries and other benefits in the first-half of the year as more benefits and adjustments are set to be effected before the en...Published: 01 Aug 2021 at 06:41hrs | | by Staff reporter
Mthuli Ncube revises growth to 7,8%
Zimbabwe's economy is doing well with growth prospects strong and on track, despite the stalking shadow of Covid-19, leading Finance and Economic Development Minister Mthuli Ncube yesterday upgrading ...Published: 30 Jul 2021 at 07:25hrs | 11 | by Staff reporter
Teachers reject 'measly' pay hike
TEACHERS have rejected the 45% to 50% salary increment that government has offered them, saying it was inadequate as it will result in the lowest-paid teacher earning $28 600 against a poverty datum l...Published: 22 Jul 2021 at 08:02hrs | 3 | by Staff reporter
Zimra collects $108bn revenue
Zimra collected $108,93 billion in taxes and duties for the quarter of April to June this year surpassing its target by 15,96 percent, mainly due to intensified enforcement of tax laws and revenue enh...Published: 19 Jul 2021 at 06:38hrs | 2 | by Staff reporter
Reserve money drops to $23,53 billion
RESERVE money, which refers to local banks' balances sitting with the Reserve Bank of Zimbabwe (RBZ), dropped by $917,13 million to $23,53 billion during the week ending July 2, mainly due to payment ...Published: 14 Jul 2021 at 09:37hrs | 5 | by Staff reporter
COVID-19 stalls Tsholotsho Campfire projects
TSHOLOTSHO Rural District Council acting chief executive Nkululeko Sibanda yesterday said the Communal Areas Management Programme for Indigenous Resources (Campfire) programme in the district has been...Published: 01 Jul 2021 at 14:58hrs | 2 | by Staff reporter
CSC in bid to recoup US$34m debt
COLD Storage Company (CSC) corporate rescue manager Vonani Majoko is planning to institute legal action against the parastatal's debtors to recoup an estimated US$34 million owed it by mostly Zanu-PF ...Published: 07 May 2021 at 06:35hrs | 4 | by Staff reporter
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