THE 2021 budgets by local authorities are not a true reflection of the views of the people, a survey by the Zimbabwe Coalition on Debt and Development (Zimcodd) has revealed. This comes as a number of people failed to participate in the process due to political and personal reasons, resulting in a number of issues…
FINANCE minister Mthuli Ncube has said capacitating law enforcement agencies is key in the fight against money laundering and combating financial terrorism, at a time the country is losing billions through illicit financial flows. This comes as the Financial Intelligence Unit (FIU)’s 2019 report indicates that nearly $1 billion per year was laundered between 2014…
EVERY person who derives income from trade is required in terms of the law to pay tax on such income. A trade encompasses any profession, business, activity, calling, occupation or venture etc. This makes informal businesses and self-employed persons duty bound to pay taxes on the profit they make. However it has never been easy…
MOST African governments are squeezed between poor citizens and big financial holes in public coffers. It is a reality that depending on aid or hand-outs alone will not do the trick, and politicians across Africa are asking more from their tax collectors. It appears that taxing citizens is the only feasible solution within their reach.…
THE Zimbabwe Stock Exchange (ZSE)’s benchmark All Share Index (ASI) has surpassed 2 000 points following a two-week rally in which it gained 27 percent. The ASI closed yesterday at 2 012,28 points after opening the month at 1 581,69 points. “The gains come on the backdrop of exchange rate pressure and mounting demand for…
AIR Zimbabwe (AirZim) is planning to introduce China and London routes in a bid to turn around the embattled national airline, Transport minister Biggie Matiza has said. Matiza said the airline will also resume domestic flights this month, a decision made after consultations with players in the tourism sector. “We are starting with domestic flights…
THE developers of the US$800 million Norton Business Park Special Economic Zone (NBP SEZ) — a massive varied use industrial and housing estate about 40 kilometres west of Harare — are opening up the throttle. In an interview with The Financial Gazette this week, as an international tender for the water treatment works that will…
BARCELONA presidential candidate Jordi Farre told AFP on Tuesday he would work to make sure Lionel Messi stays at the Catalan giants should be elected next month, and hinted at a improbable bid for Neymar by the cash-strapped club. Farre was promoter of the motion that led to previous club chief Josep Maria Bartomeu’s resignation…
A DIRECTOR can be classified as a non-executive directors (“NED”) or executive director. An executive director is a full-time employee of the company with day-to-day responsibilities. On the other hand, a NED is a member of a company’s board of directors who is not part of the executive team. They do not engage in the…
IT is one thing to have a law that lays out clear procedures and guidelines on development and maintenance of road infrastructure, and another where leaders, administrators and managers take little interest in making use of the law to create internationally-competitive road infrastructure. I say this with particular reference to how the Roads Act [Chapter…
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