HARARE – 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 generated through the tax, also referred to as the Intermediated Money Transfer Tax (IMTT), will be channelled towards the funding of social services and devolution….
HARARE – The country’s inflation rate has dropped by over seven percent as government has been working tirelessly to contain price increases, Finance and Economic Development Minister Mthuli Ncube has said. Ncube recently told members of Parliament that as of November (last month) the inflation rate was sitting at 9,2 percent, a 7,24 percent drop…
HARARE – Finance and Economic Development minister Mthuli Ncube said government will refund and exempt China Jiangsu International from Value added Tax (Vat) and income tax dating back to 2012. China Jiangsu international, a Chinese company, completed the upgrading of Victoria Falls International Airport in 2016. The Chinese company consequently won another bid to remodel…
HARARE – Zimbabwean farmers have bemoaned the high interest rates being charged by banks after the economy’s dollarisation. Commercial Farmers’ Union (ZCFU) president Wonder Chabikwa said the interest rates being charged by banks are stifling the growth of the agricultural sector. He said the interest rates for agricultural loans have been ascending since the dollarisation…
HARARE – Business leaders and analysts have warned that the country’s deepening economic rot will continue to ravage long-suffering Zimbabweans in 2019 — amid dire predictions that the first quarter of the new year will be particularly difficult, the Daily News can report. [Adz] [GoogleAd]
HARARE – The wives of jailed Independent End Time Message leader Robert Martin Gumbura who is serving a 40-year jail term have stopped coming to court to show solidarity with their embattled husband. Gumbura was convicted in 2014 of four counts of rape. Last week Friday, he was back in court on allegations of attempting…
HARARE – President of the Chief’s Council, Fortune Charumbira, risks landing himself in deep trouble for violating the law because of his open support for the ruling Zanu PF party. Ahead of the July 30, 2018 elections, the University of Zimbabwe-educated traditional leader landed himself in trouble after flaunting his Zanu PF colours in remarks…
HARARE – Senior doctors have given government a 48-hour deadline to address the striking junior and middle level doctors’ grievances, noting that their suspension has only crippled the health delivery system which was already struggling. In a statement dated December 28, the consultants and senior registrars condemned the Health Services Board (HSB)’s suspending of the…
HARARE – Government has partially unfrozen teaching posts and started recruiting teachers for the 2019 financial year. The recruitment comes a week after Progressive Teachers Union of Zimbabwe (PTUZ) met President Emmerson Mnangagwa and tabled their grievances where they indicated they will not be able to return to work in January if their grievances are…
HARARE – The on-going trial of MDC deputy national chairperson Tendai Biti has exposed the politicised and cavalier attitude of a prosecution service that has long been captured by elements that protect and promote the interests of the ruling party, analysts have said. The prosecution service was brought under the spotlight over the past two…
