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Mthuli Ncube backs down on taxes
The Zimbabwean government has removed value-added tax (VAT) from selected meat products, reduced presumptive taxes for informal traders, and mandated that all government service fees be paid in local ...Published: 19 hrs ago | 1235 | by Staff reporter
Mthuli Ncube makes bold measures to anchor ZiG stability
The Government has introduced measures to enhance the stability of the Zimbabwe Gold (ZiG) currency, promote its use, and provide tax relief to boost consumer spending and production. In the Mid-Term ...Published: 19 hrs ago | 289 | by Staff reporter
Zimra wins landmark forex tax dispute
In a significant ruling, the Supreme Court has declared that taxpayers cannot avoid paying taxes in foreign currency when their income or sales are in foreign currency. This landmark decision arose fr...Published: 16 Jul 2024 at 13:33hrs | 1529 | by Staff reporter
Kenya's William Ruto dismisses all ministers
Kenyan President William Ruto on Thursday dismissed all of his Cabinet ministers and promised to form a new government that will be lean and efficient following weeks of protests over high taxes and p...Published: 11 Jul 2024 at 14:38hrs | 10 | by Associated Press
UK Indian ex-PM's Rwanda asylum project scrapped
Britain's new Prime Minister Keir Starmer said on Saturday he would scrap a controversial plan to fly thousands of asylum seekers from Britain to Rwanda in his first major policy announcement since wi...Published: 07 Jul 2024 at 11:42hrs | | by Staff reporter
President Ruto apologises for 'arrogant' Kenyan MPs
Kenya's President William Ruto on Friday apologized for the "arrogance and show of opulence" by legislators and ministers from the ruling party and promised action against "rogue" police officers who ...Published: 06 Jul 2024 at 12:06hrs | 2 | by Staff reporter
UK's Indian Prime Minister in stunning election loss
Keir Starmer vowed to bring change to Britain as its next prime minister after his Labour Party surged to a comprehensive win in a parliamentary election on Friday, ending 14 years of often tumultuous...Published: 05 Jul 2024 at 16:13hrs | 3 | by Staff reporter
Gweru City Council undertakes debtors cleansing exercise
The Gweru City Council is conducting a debtors cleansing exercise to verify the status of its debtors, including companies that have ceased operations but are still listed as owing money. This effort ...Published: 05 Jul 2024 at 11:02hrs | | by Staff reporter
Tongaat Hullets slams Zimbabwe's tough fiscal measures
Tongaat Hullets, a listed agriculture and agri-processing firm, has reported on its performance for the period ending March 31, 2024, amidst challenging fiscal measures in Zimbabwe. The compan...Published: 04 Jul 2024 at 10:29hrs | | by Staff reporter
Zimra garnishes Gweru Council accounts
The Zimbabwe Revenue Authority (Zimra) recently garnished Gweru City Council's bank accounts to recover over ZWG3 million in unpaid taxes, affecting the council's financial transactions. Mayor Martin ...Published: 03 Jul 2024 at 10:27hrs | | by Staff reporter
President William Ruto's poor and misguided politics! He lied to the voters
We still have voices in Africa that spell it out: That one voice comes from Ghana: Kwesi Prett Jr. does not mince words: His politics is eloquent, he understands African politics. Without fear or favo...Published: 02 Jul 2024 at 21:11hrs | 4 | by Nomazulu Thata
Sandra Ndebele in 'smuggled' vehicle storm
Sandra Ndebele, a prominent Zimbabwean musician, dancer, actress, and now politician affiliated with Zanu-PF, had her Toyota GD6 vehicle impounded by Bulawayo police recently on suspicion of smuggling...Published: 01 Jul 2024 at 11:34hrs | 2 | by Staff reporter
Mnangagwa fires Guvamatanga, then changes mind
President Emmerson Mnangagwa sacked finance secretary George Guvamatanga last week but then had a change of heart after he made a groveling apology, and following further representations by chief cabi...Published: 01 Jul 2024 at 10:56hrs | 6 | by Staff reporter
CCC says Mnangagwa govt 'panicking'
Dozens attending a memorial service for slain Citizens Coalition for Change (CCC) activist Mboneni Ncube in Gweru were arrested and detained, according to the party. Ncube was stabbed to death by susp...Published: 01 Jul 2024 at 10:23hrs | | by Staff reporter
Kenya's Ruto eats humble pie
Kenyan President William Ruto said Wednesday he won't sign into law a finance bill proposing new taxes, a day after protesters stormed parliament and several people were shot dead. It was the biggest ...Published: 27 Jun 2024 at 09:58hrs | 2 | by Associated Press
Tackling Zimbabwe's property price surge
The Zimbabwean property market is facing significant challenges, marked by skyrocketing property prices that seem incongruous when compared to those in neighbouring South Africa.These challeng...Published: 24 Jun 2024 at 10:13hrs | 2 | by Dr Bekithemba Mpofu
Chivayo and Russia: Lessons from South Africa
Among those Zimbabweans observing the elections in South Africa was Owen Chikukwa in Cape Town.The loss of power by the African National Congress can easily be explained. Brother Owen put it s...Published: 23 Jun 2024 at 10:46hrs | 5 | by Kenneth Mufuka
South African GNU and Zimbabwe economy
GNU as portfolio controlThis week, South Africa's President Cyril Ramaphosa was inaugurated for his second and last term in office under the current Constitution.What is now awaited is...Published: 22 Jun 2024 at 11:28hrs | 2 | by @Jamwanda2 on Saturday
Mthuli Ncube authorises 50-50 currency split for tax payment
The Zimbabwean Treasury has authorized companies to pay their Second Quarter Corporate Income Tax obligations in both local currency (ZiG) and foreign currency on a 50:50 basis. This decision is part ...Published: 20 Jun 2024 at 07:22hrs | | by Staff reporter
Zimbabwe economy stabilising after ZiG introduction
The Zimbabwean economy has shown relative stability in recent months following the Reserve Bank Governor's Monetary Policy statement on April 5, 2024, and the transition from the Zimbabwe Dollar to Zi...Published: 20 Jun 2024 at 07:14hrs | | by Staff reporter
Zimbabwean currency poised to strengthen further
The Zimbabwean currency, Zimbabwe Gold (ZiG), is expected to strengthen against major currencies in the official market due to increased demand as companies prepare to meet their quarterly corporate i...Published: 16 Jun 2024 at 09:04hrs | 5 | by Staff reporter
Zimbabwe mulls probe into drop in gold output
The government is considering investigating the small-scale gold mining sector to determine the factors behind the recent decline in deliveries, amid fears of increased smuggling. Gold production from...Published: 02 Jun 2024 at 09:04hrs | | by Staff reporter
Mnangagwa challenges miners to embrace innovation
President Emmerson Mnangagwa yesterday urged the mining industry to leverage technology and innovation to enhance operations and productivity. Speaking at the Chamber of Mines Zimbabwe 2024 annual min...Published: 31 May 2024 at 21:17hrs | | by Staff reporter
Zimbabwe blocks Starlink services
Zimbabwe's telecoms regulator says it has told Elon Musk that his SpaceX should first submit a licence before its Starlink can be allowed to operate in the country.On Friday, Starlink blocked ...Published: 16 Apr 2024 at 18:05hrs | 2 | by Staff reporter
ZiG needs to be backed by RBZ discipline
According to the Reserve Bank of Zimbabwe (RBZ), a structured currency is a currency that is pegged to a specific exchange rate or currency basket and backed by a bundle of foreign exchange assets lik...Published: 16 Apr 2024 at 18:04hrs | | by Zimbabwe Coalition on Debt and Development
Gift Mabhaudhi successfully advocates for removal of taxes on devices for persons with disabilities
Renowned ZANU PF DCC leader and disability rights activist, Gift Mabhaudhi, has recently achieved a major victory in the ongoing battle for fair treatment and accessibility for persons with disabiliti...Published: 13 Apr 2024 at 17:10hrs | | by Nkululeko Nkomo
Zimbabwe central bank governor gets a rude awakening
BUSINESS executives yesterday gave Reserve Bank of Zimbabwe (RBZ) governor John Mushayavanhu a rude awakening after a snap survey which showed that they were not ready to support the new currency....Published: 12 Apr 2024 at 09:49hrs | | by Staff reporter
Zimbabweans told to approach banks for ZiG, USD
The Reserve Bank of Zimbabwe has enough reserves to satisfy the foreign currency requirements of all legitimate businesses and no company needs to go to the black market to pay for imports, RBZ Govern...Published: 12 Apr 2024 at 09:47hrs | | by Staff reporter
'ZiG difficult to accept in US$-dominated market'
RESPECTED businessman and economist Nigel Chanakira says acceptance of the new currency, Zimbabwe Gold (ZiG), will be difficult given that the majority still prefer the greenback.The Reserve B...Published: 11 Apr 2024 at 08:45hrs | | by Staff reporter
'ZiG difficult to accept in US$-dominated market'
Businessman and economist Nigel Chanakira says acceptance of the new currency, Zimbabwe Gold (ZiG), will be difficult given that the majority still prefer the greenback.The Reserve Bank of Zim...Published: 10 Apr 2024 at 06:02hrs | | by Staff reporter
Zimbabwe finds a way to turn paper into gold long live Gushungo!!!
Money, the market, free enterprise, free trade, law, and justice, among others - existed in other forms before the colonialists introduced paper currency. The natives had their own functional institut...Published: 09 Apr 2024 at 16:58hrs | 1 | by Sam Wezhira
Half ZiG and coins to start circulating on April 30
The Reserve Bank of Zimbabwe (RBZ) in the 2024 Monetary Policy Statement introduced a new "structured currency" termed ZiG (Zimbabwe Gold) on April 5. A "structured currency" is a currency tha...Published: 07 Apr 2024 at 21:08hrs | | by Staff reporter
Internet providers bemoan high taxation
ZIMBABWE'S internet access providers (IAPs) have raised concern about high taxes which they claim are impeding their ability to operate and forcing them to pass the costs to customers, Standardbusines...Published: 07 Apr 2024 at 10:22hrs | | by Staff reporter
Zimbabwe's new currency greeted with pessimism
The new currency introduced by the Reserve Bank of Zimbabwe (RBZ) on Friday has been branded old wine in new bottles by economists and financial experts who doubt that it will stand the test of time....Published: 07 Apr 2024 at 10:18hrs | | by Mthandazo Nyoni
'You see skeletons' - the deadly migrant Limpopo crossing
The men who raped Portie Murevesi did not care that she was visibly pregnant. They attacked her with glass bottles too, she told us, pointing to a large and jagged scar on her forearm.Now, her...Published: 07 Apr 2024 at 10:16hrs | | by Staff reporter
Anti-Zimbabwe economist says ZiG is old wine in new bottles
Prominent Zimbabwean economist and financial analyst Professor Gift Mugano says the new local currency launched today - unimaginatively named Zimbabwe Gold (ZiG) amid noisy claims by government offici...Published: 06 Apr 2024 at 13:20hrs | | by Staff reporter
Stockfeed subsidies for drought-hit livestock farmers
THE Government has stepped in to save the country's livestock situation with a coterie of urgent intervention measures aimed at bailing out farmers from losing their animals for a song to unscrupulous...Published: 31 Mar 2024 at 16:44hrs | | by Staff reporter
Zimra's new tax system slammed
LOCAL businesses have expressed concern about the new tax and revenue management system (TaRMs) being used by the Zimbabwe Revenue Authority (Zimra), which they say is too complex and difficult to set...Published: 31 Mar 2024 at 16:31hrs | | by Staff reporter
Revised Starlink Policy for Sustainable Growth - A dedication to Eng. Chemist Siziba
Honorable Minister of Information Communication Technology, Postal and Courier Services, all protocols observed, please receive a request from a group of ...Published: 23 Mar 2024 at 07:04hrs | | by Robert Ndlovu
Zimbabwe businesses note low activity
THE business sector has reported a decline in activity since the announcement of the 2024 National Budget in November last year, NewsDay Business has learnt.Most firms found the 2024 Nat...Published: 15 Mar 2024 at 07:20hrs | | by Staff reporter
GMB maize stocks fall
MAIZE stocks have declined in the nation's reserves at Grain Marketing Board (GMB) depots dotted across the country, and this may worsen food insecurity situation at a time when inflation and currency...Published: 11 Mar 2024 at 09:08hrs | | by Staff reporter
Mnangagwa niece's legacy woes haunt ZBC
THE Zimbabwe Broadcasting Corporation (ZBC) is grappling with serious management challenges linked to Helliate Rushwaya - the newly appointed board chair - during her tenure as the acting chief execut...Published: 10 Mar 2024 at 06:51hrs | | by Staff reporter
Court grants farm ownership to tenant after 30 years of rent
IN a landmark ruling, the High Court of Zimbabwe has declared that a tenant can take ownership of a property in which one has been consistently paying for rates and rentals for a period of 30 years....Published: 10 Mar 2024 at 06:27hrs | | by Staff reporter
Gold set to anchor Zimbabwe dollar
GOLD has emerged as the most ideal instrument likely to be used to anchor the structured currency the Government is pursuing to stabilise the exchange rate and curtail persistent inflation.The...Published: 10 Mar 2024 at 06:23hrs | | by Staff reporter
'2028 is too far, help us save Zimbabwe'
OPPOSITION Zapu Secretary General Mthulisi Hanana has declared that the 2028 elections are too far if Zimbabwe is to rid itself of Zanu-PF's looting elite and called for immediate action from those bo...Published: 01 Mar 2024 at 19:07hrs | | by Staff reporter
Zimbabwe treasury exposes abuse of sugar tax for profiteering
GOVERNMENT has condemned the abuse of the Beverages Sugar Content Tax and other tariff measures by some businesses that deliberately misinterpret clear policy propositions for profiteering while unjus...Published: 28 Feb 2024 at 06:27hrs | | by Staff reporter
Zimbabwe govt workers starving
FUNERAL policies and medical aid contributions are gobbling up a huge chunk of civil servants earnings, leaving most of them with little for food, rent, school fees and transport, NewsDay has been inf...Published: 16 Feb 2024 at 05:02hrs | | by Staff reporter
Call to scrap import duty, VAT on condoms
MORE than 455 million condoms have been distributed in Zimbabwe during the past five years amid calls for the removal of import duty and VAT to make condoms more accessible and less costly.Acc...Published: 14 Feb 2024 at 04:39hrs | 2 | by Staff reporter
Zimbabwe leaders are from Mars!
I WAS touched by an impassioned plea by a fellow Zimbabwean.He appeared on local television, imploring the government to remove VAT (value added tax) on rice. His logic was that rice w...Published: 13 Feb 2024 at 19:19hrs | | by Tendai Ruben Mbofana
Zimbabwe electoral dispute backfiring
CATHOLIC Bishops yesterday said the unresolved August 2023 election dispute has plunged the lives of ordinary citizens into disarray, amid a deepening economic meltdown where the majority is strugglin...Published: 13 Feb 2024 at 04:47hrs | 1 | by Staff reporter
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