HARARE – Zimbabwe is on the brink of crippling protests over the recently introduced tax regime that are seen dampening current efforts aimed at reviving the country’s economy, which has continued on a downward trend, amid serious shortages of goods and escalation of prices. Last week, the Zimbabwe Congress of Trade Unions (ZCTU) — the…
HARARE – Former Industry and Trade minister Nkosana Moyo has dismissed Finance minister Mthuli Ncube’s tax reforms, noting that they do not address the real stem of the economic crisis, which is government’s overspending. The professor, who is part of the technocrat Cabinet appointed by President Emmerson Mngangagwa after a contested election victory, implemented a…
HARARE – Zimbabwe’s fragile economy continued to implode yesterday as several companies temporarily shut down at a time prices of basic commodities continue to rise exponentially due to lack of foreign currency. Sifelani Jabangwe, president of the Confederation of Zimbabwe Industries, yesterday said some companies were temporarily closing down to ascertain the current harsh economic…
HARARE – The recently announced tax regime has divided President Emmerson Mnangagwa’s Cabinet right through the middle with a section of it pushing hard to have the austerity measures reversed to ease the suffering among ordinary Zimbabweans, the Daily News can report. Early last week, Finance minister Mthuli Ncube introduced a raft of measures aimed…
HARARE – The recently announced tax regime has divided President Emmerson Mnangagwa’s Cabinet right through the middle with a section of it pushing hard to have the austerity measures reversed to ease the suffering among ordinary Zimbabweans, the Daily News can report. [GoogleAd]
HARARE – Chitungwiza mayor Gift Tsverere and his deputy Jabulani Mtunzi have been suspended, following a High Court application challenging their appointments. This followed an application by Kiven Mutimbanyoka, who cited Local Government minister July Moyo, Tsverere, Mtunzi, acting Chitungwiza chamber secretary, Chitungwiza Municipality, Chitungwiza district administrator and the provincial administrator Harare Metropolitan, as respondents….
HARARE – President Emmerson Mnangagwa has said he will be in power for 10 years and during that time, he will champion women empowerment and increase the per capita income of the country to over three thousand. Mnangagwa said this at a Professional Women Executives and Business Women’s Forum (PROWEB) business breakfast held at the…
HARARE – Armed robbers are targeting illegal foreign currency dealers, operating on the streets of Zimbabwe’s major towns, with the latest incident seeing a Harare man being robbed of $44 000. Ironically, the money changers are themselves committing an illegality by contravening Exchange Control regulations and trading in foreign currency to the highest bidder. This…
HARARE – The bond note has continued to lose ground on the black market with its rates hitting 180 percent to the United State Dollar (USD) this week compared to October 1’s 106 percent. On October 1, a post by Premier Alternative Market Tracker in Zimbabwe, Zim Bollar Index indicated that exchange rates for bond…
HARARE – Former Mines minister Walter Chidhakwa and Civil Service Commission permanent secretary Francis Gudyanga have applied for further remand refusal in a case they are alleged to have misappropriated $29 000 in board sitting allowances. Chidhakwa is being accused of appointing Gudyanga as a lone board member at the Minerals Marketing Corporation of Zimbabwe…
