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Proposed Zimbabwe finance law threatens jobs
BACK in July 2015, a Supreme Court ruling involving Zuva Petroleum and two former managers, caused at an estimated 30 000 workers to lose their jobs on three months' notice, most without benefits....Published: 24 mins ago | 12 | by Staff reporter
Zanu-PF splurges $14 million on salaries
ZANU-PF gobbled nearly $14 million in salaries for the year 2019 as the party doled out ministerial packages for its full-time politburo workers and montly allowances for central committee members....Published: 24 mins ago | 15 | by Staff reporter
Zanu-PF revenue streams run dry
THE cash-strapped Zanu-PF has become heavily reliant on donor funding and bank overdrafts to finance party programmes with over 53,7% of its income in 2019 coming from donors as member subscriptions p...Published: 28 mins ago | 12 | by Staff reporter
Zimbabwe faces a gloomy 2020
IN the three weeks since the 2020 national budget both the economy and Finance Minister Mthuli Ncube's recovery strategy have drifted closer to the rocks. In their stubborn refusal to heed development...Published: 57 mins ago | 189 | by Anthony Hawkins
Experts call for Mthuli tax removal
TAX experts have called on Government to consider scrapping the two percent Intermediated Money Transfer Tax on transactions, saying its continued existence was burdening registered businesses through...Published: 1 hr ago | 91 | by Staff reporter
Mthuli Ncube defends 'budget inconsistencies'
FINANCE minister Mthuli Ncube on Tuesday denied allegations of inconsistencies in the 2020 national budget saying the variances popped up because government had changed its accounting standards....Published: 12 hrs ago | 221 | by Staff reporter
Transparency & Accountability is a key component in Governance & Leadership
One of the pre-requisite of good governance in leadership and development is transparency and accountability which boosts confidence and investor's interests. In short, since the departure of Robert M...Published: 11 Dec 2019 at 16:38hrs | 966 | by Tinashe Eric Muzamhindo
Mohadi business under probe
POLICE and the Zimbabwe Revenue Authority (Zimra) are investigating the theft of a car from a Customs and Excise Transit Shed owned by Vice-President Kembo Mohadi's company at the Beitbridge Border Po...Published: 11 Dec 2019 at 06:45hrs | 2875 | by Staff reporter
Mthuli Ncube's austerity measures pay off
THE state of Government finances remains healthy after revenue collections for the nine months to September 2019 surpassed the target at $11,316 billion against expenditure of $10,449 billion, which r...Published: 11 Dec 2019 at 06:35hrs | 6446 | by Staff reporter
Zimra reviews duty on Caps United bus
THE Zimbabwe Revenue Authority have said the luxurious bus bought by Nyasha Mushekwi should be brought into their custody pending a review of the duty which the Zimbabwe international footballer paid ...Published: 11 Dec 2019 at 06:29hrs | 1408 | by Staff reporter
Mthuli Ncube spending within his means
THE state of Government finances remains healthy after revenue collections for the nine months to September 2019 surpassed the target at $11,316 billion against expenditure of $10,449 billion, which r...Published: 11 Dec 2019 at 06:28hrs | 286 | by Staff reporter
431 land barons face arrest over irregular sale of state land …Gvt says US$3 billion lost in the process
Government says 431 land barons face arrest by the Zimbabwe Anti-Corruption Commission over the irregular sale of land after a commission of inquiry on the sale of state land in and around urban areas...Published: 10 Dec 2019 at 17:59hrs | 1755 | by Staff Reporter
Rebuilding Zimbabwe starts with strong institutions
It is now apparent that Zimbabwe's socio-economic status needs rebuilding and radical reforms if the country is to develop. The economy is set to contract by at least 6.5% in 2019 according to data fr...Published: 09 Dec 2019 at 10:35hrs | 568 | by Victor Bhoroma
Zimra officials spend weekend in custody
TWO female Zimbabwe Revenue Authority (Zimra) officials who spent the weekend in custody will today hear their bail ruling on a charge of criminal abuse of office.Clarissa Zharare (47) and Con...Published: 09 Dec 2019 at 07:20hrs | 1050 | by Staff reporter
Indian billionaire eyes Zimbabwe prime agric land
INDIAN billionaire and Pepsi International franchise holder Ravi Jaipuria, proprietor of Varun Beverages in Zimbabwe, wants to acquire vast swathes of prime land in Zimbabwe to diversify into producti...Published: 09 Dec 2019 at 06:52hrs | 470 | by Staff reporter
Smuggled drugs flood Zimbabwe market
High mark-ups imposed by importers, wholesalers and retailers of medicines have resulted in a flood of cheaper drugs being smuggled from neighbouring countries and sold on the streets by vendors. ...Published: 09 Dec 2019 at 06:50hrs | 364 | by Staff reporter
Biti doubts Mthuli Ncube's growth figures
Tendai Biti led Parliamentary committee has described Finance minister Mthuli Ncube's projected economic growth for 3% next year as unrealistic given the acute electricity shortages and drought facing...Published: 08 Dec 2019 at 11:56hrs | 240 | by Staff reporter
$1bn road rehab gathers momentum
Government has paid 10 percent upfront for project costs to five contractors that have been chosen to rehabilitate the Chirundu-Harare-Beitbridge road, which is expected to gobble $1 billion.T...Published: 08 Dec 2019 at 11:44hrs | 576 | by Staff reporter
'Our fundamentals are now sound' IMF told - not so with corrupt, rigged elections, game changers
"Zimbabwe's central bank has asked the International Monetary Fund (IMF) to overlook the country's shortcomings in achieving fiscal targets and allow a program to help restore the economy to run...Published: 08 Dec 2019 at 11:20hrs | 274 | by Patrick Guramatunhu
Minister Obadiah Moyo sees red over audit report
Health minister Obadiah Moyo is taking the heat from an audit report which exposed massive corruption at Chitungwiza Central Hospital during his term at the helm of the institution.But Moyo ye...Published: 07 Dec 2019 at 12:19hrs | 1909 | by Staff reporter
10 Zimra officers, agents arrested for 'smuggling vehicles into Zimbabwe'
The Zimbabwe Anti-Corruption Commission (ZACC) has arrested 10 Zimbabwe Revenue Authority (Zimra) officers and agents stationed at Beitbridge Border Post on allegations of smuggling vehicles into the ...Published: 07 Dec 2019 at 08:48hrs | 3392 | by Staff Reporter
Zimbabwe to acquire US$22m radar system from ..
IN the wake of ongoing flight disruptions as a result of Zimbabwe's outdated aviation traffic control system — which broke down last week rattling the Joint Operations Command (Joc), which brings to...Published: 06 Dec 2019 at 07:30hrs | 918 | by Staff reporter
Zupco to get more buses
Zupco expects its next batch of buses next month, as it methodically grows its fleet with Government support to reinvigorate the public transport system. Zupco acting chief executive officer M...Published: 06 Dec 2019 at 07:06hrs | 498 | by Staff reporter
4 Zimra officials arrested for smuggling vehicles
ZIMBABWE Anti-Corruption Commission (ZACC) has arrested Zimbabwe Revenue Authority (ZIMRA) officers and agents stationed at Beitbridge border post on allegations of smuggling vehicles into the country...Published: 05 Dec 2019 at 20:42hrs | 1691 | by Staff reporter
Morocco announce new board to develop growth of Women's club football
Morocco's leading female fooball administrator, Khadija Ila will chair a new six-member board to oversee the growth of the Women's Super League and Second division, the Royal Moroccan Football Federat...Published: 04 Dec 2019 at 10:56hrs | 340 | by Peter Dube
Zimbabwe needs commodities exchange markets
The recent revelations by the Zimbabwean government that the country loses over 30 tonnes of Gold (Worth around US$2 billion) to South Africa and other world markets, through smuggling every year are ...Published: 04 Dec 2019 at 10:14hrs | 787 | by Victor Bhoroma
Cabs to close 4 branches
OLD Mutual subsidiary, Cabs is shutting down four branches by end of January next year as the financial institution streamlines its business model in response to the tough operating environment....Published: 04 Dec 2019 at 09:21hrs | 2347 | by Staff reporter
Zacc zeroes in on Gokwe Town Council
THE Anti-Corruption Trust of Southern Africa (ACT-SA) has petitioned the Zimbabwe Anti-Corruption Commission (Zacc) to investigate alleged corruption and maladministration at Gokwe Town Council....Published: 04 Dec 2019 at 09:17hrs | 378 | by Staff reporter
Zimbabwe imports US$1m meat from SA
Zimbabwe last year imported meat products from South Africa worth US$1 097 743 via Beitbridge Border Post. It is understood that the majority of the imports were poultry products. The Herald a...Published: 04 Dec 2019 at 09:00hrs | 293 | by Staff reporter
5 cars intercepted for smuggling goods worth R102 979 in Beitbridge
The Zimbabwe Republic Police have announced that its officers in Beitbridge intercepted five vehicles with smuggled goods worthy ZAR 102 979-60. The incident happened on the 1st of December at...Published: 04 Dec 2019 at 06:37hrs | 5307 | by Mandla Ndlovu
Morocco announce new board to develop growth of Women's club football
Morocco's leading female football administrator, Khadija Ila will chair a new six-member board to oversee the growth of the Women's Super League and Second division, the Royal Moroccan Football Federa...Published: 03 Dec 2019 at 21:59hrs | 242 | by Peter Dube
Bosso's Africa return in doubt
HIGHLANDERS are likely to forgo the opportunity to play in the Caf Confederation Cup next year due to financial constraints.The Bulawayo giants booked their ticket to represent the country in ...Published: 03 Dec 2019 at 07:27hrs | 453 | by Staff reporter
Mthuli Ncube budget statement a fraud, says Biti
FINANCE minister Mthuli Ncube's 2020 budget statement is in a shambles with several errors and inconsistences in figures compared to those in the proposed estimates of expenditure (Blue Book), former ...Published: 03 Dec 2019 at 07:21hrs | 385 | by Staff rpeorter
Don't politicise development issues, says MDC MP
MDC-Alliance Member of Parliament for Bulawayo Central Mrs Nicola Watson has said if political parties continue to be in an election mode the country will not develop. Speaking at a stakeholde...Published: 03 Dec 2019 at 07:19hrs | 133 | by Staff rpeorter
RBZ tightens monetary policy
The Reserve Bank of Zimbabwe (RBZ) says it will take measures to counter the threat of high and potentially inflationary money supply growth from the 2020 growth-oriented budget by maintaining a stran...Published: 03 Dec 2019 at 07:04hrs | 775 | by Staff reporter
Harare blows $375,000 on iPads for councillors
While Harare City Council continuously complains that poor cashflow prevents it from providing adequate water and services like refuse collection, it has just spent at least $375 000 on iPads fo...Published: 03 Dec 2019 at 07:03hrs | 108 | by Staff reporter
UN blame starvation on ZanuPF dysfunctional system - at long last, speaking truth to power
"Zimbabwe is on the brink of man-made starvation and the number of people needing help is "shocking" for a country not in conflict, a United Nations special expert on the right to food said Thursday,"...Published: 01 Dec 2019 at 21:39hrs | 3511 | by Nomusa Garikai
Ncube hit the poor hard by scrapped grain subsidies and is yet to tax looters
One of the few things Professor Mthuli Ncube did as soon as he was appoint Zimbabwe's Minister of Finance was to introduce the 2% electronic transaction tax. The tax was to raise some revenue from the...Published: 01 Dec 2019 at 10:11hrs | 2250 | by Patrick Guramatunhu
Homes, land destroyed as gold panners invade region
Under the blazing sun, a group of men use picks and shovels to dig up a bushy patch of land outside Zimbabwe's second-largest city, stopping every few seconds to scan the soil for signs of gold....Published: 01 Dec 2019 at 06:14hrs | 803 | by Staff reporter
Zimbabwe can rake in US$19m from cannabis
Zimbabwe can rake in US$19 million in tax revenues and create between 60 000 and 90 000 jobs over a five year period from the production of medical cannabis and industrial hemp, a new report says....Published: 01 Dec 2019 at 06:09hrs | 174 | by Staff reporter
Mnangagwa pledges to support arts
PRESIDENT Mnangagwa has promised Government support and removal of bureaucratic bottlenecks and red tape that are stalking the arts industry.The move is meant to create a conducive operating e...Published: 01 Dec 2019 at 05:54hrs | 61 | by Staff reporter
ZACC intensifies asset recovery
The Zimbabwe Anti-Corruption Commission (ZACC) intensified its asset recovery programme in the past two weeks by impounding several vehicles suspected of being smuggled into the country without paymen...Published: 01 Dec 2019 at 05:52hrs | 116 | by Comm John Makamure
Aviation system crisis rattles Zimbabwe security chiefs
THE Joint Operations Command (Joc), which brings together the army, police and intelligence service chiefs, convened an urgent meeting after the country's aviation traffic control system broke down on...Published: 29 Nov 2019 at 09:57hrs | 4733 | by Staff reporter
Driver sued diverting revenue for mealie meal transportation to DRC
Makiwa Transport (PVT) Ltd company has taken a driver and his relatives to court for stealing over US$1500 revenue obtained through the transportation of mealie meal to the Democratic Republic of Cong...Published: 28 Nov 2019 at 19:22hrs | 2906 | by Stephen Jakes
Power Sales not closing shop
CLOTHING retail chain, Power Sales, says it will not close down operations in Zimbabwe although its parent company, Pepkor Holdings Limited, is exiting the country. In announcing the exit deci...Published: 28 Nov 2019 at 06:23hrs | 707 | by Staff reporter
Air traffic controllers down tools
AIR traffic controllers (ATCs) at Robert Gabriel Mugabe International Airport in Harare downed tools on Monday citing incapacitation and fatigue, forcing flight delays and cancellations yesterday morn...Published: 27 Nov 2019 at 06:59hrs | 2224 | by Staff reporter
Zimra recovers 81 smuggled vehicles
THE Zimbabwe Revenue Authority (Zimra) has recovered 81 of the 433 smuggled vehicles, of which 51 have since been cleared.In an interview on Monday, Zimra spokesperson Francis Chimanda said: "...Published: 27 Nov 2019 at 06:53hrs | 964 | by Staff reporter
Edgars spreads wings as Power Sales quits Zimbabwe
CLOTHING retailer, Edgars Stores Limited, has unveiled plans to expand its branch network countrywide with Kadoma and Chegutu as main targets. The Bulawayo-headquartered firm operates Edgars o...Published: 27 Nov 2019 at 06:21hrs | 1510 | by Staff reporter
Water charges to go up 400%
Harare City Council's budget proposals delivered last night will see the average bill for high-density householders rise to $225 a month. In the budget, council quadrupled water charges, raise...Published: 27 Nov 2019 at 06:18hrs | 532 | by Staff reporter
102 smuggled vehicles impounded in ZACC, ZIMRA blitz
The Zimbabwe Anti-Corruption Commission and the Zimbabwe Revenue Authority (ZIMRA) have impounded 102 vehicles this week believed to have been smuggled into the country by car dealers in and around th...Published: 26 Nov 2019 at 17:25hrs | 4884 | by Staff reporter
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