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THE coming into effect of a recent directive by the revenue collector to levy a 15 percent Value Added Tax on foreign visitors has dampened the spirits of players in the hospitality sector. The directive, which came into effect from January 1 has been criticised for being punitive and counter-productive…
A BRUISING war of words pitting expelled deputy minister for justice, legal and parliamentary affairs, Fortune Chasi, and Mashonaland Central Minister for Provincial Affairs, Martin Dinha, has erupted in another episode highlighting the ongoing turf wars blighting ZANU-PF. Chasi threw caution to the wind and came out guns blazing, accusing…
PRISCILA Misihairabwi-Mushonga (PM) of the Movement for Democratic Change (MDC) led by Welshman Ncube, who sits in Parliament on the proportional representation ticket and was a minister for regional integration and international co-operation during the inclusive government of 2009-2013, is one of the most powerful women in opposition politics. The…
ONE of Zimbabwe’s most reliable indicators of a recovering economy has been its health sector. Since 2009, bolstered by hope brought about by an inclusive government that lasted for less than five years, the country’s health sector had sort of rebounded, mainly through donor funding. But the continued rumblings in…
BANKS in Zimbabwe cut 1,000 jobs last year, eliminating one post out of every six in the southern African country’s banking industry, a union official said. ZB Bank Ltd. eliminated 500 positions, while Steward Bank Ltd. and AfrAsia both trimmed 83, said Shepard Ngandu, assistant secretary general of the Zimbabwe…
TOURISM Minister Walter Mzembi has questioned why Zimbabwe has not benefited from the plunge in global oil prices saying had he been in charge of the energy portfolio he would order an immediate investigation. Wholesale fuel prices on the global market have fallen by a quarter and many countries including…
THE net is closing in on ZANU-PF officials suspected of corruption with party insiders saying those caught on the wrong side of the law would, apart from being prosecuted, lose both party and government positions, the Financial Gazette can report. This comes as State media reports suggest that a crack…
WIDESPREAD graft and mismanagement in government and State-owned institutions has resulted in the loss of millions of dollars, at a time Treasury is battling to raise funding for critical expenditure like civil servants salaries, a government report has revealed. The report, which covers the financial period to December 31, 2013,…
THE City of Harare (CoH) is losing thousands of dollars to corrupt parking marshals who are demanding bribes from traffic offenders, an audit has revealed. An internal audit commissioned by the city’s audit committee unearthed rampant corruption in the Traffic Enforcement and Parking divisions whereby employees are demanding bribes from…
THE Zimbabwe Miners Federation (ZMF) registered over 40,000 small-scale miners last year as government moves to formalise activities of artisanal miners who now deliver over half of the country’s gold output, an official said. Zimbabwe intends to replace the colonial Mines and Minerals Act with a mining development policy that…
