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ZANU-PF Women’s League boss Oppah Muchinguri will have to bank on President Robert Mugabe’s benevolence to survive the intriguing events unfolding in the ruling party after she was stampeded by crafty members of the wing into relinquishing her position at congress in order to make way for the First Lady,…
ZIMBABWE’S mobile services penetration rate rose to 106,4 percent during the first quarter of the year, two percentage points higher than during the previous quarter, according to a report by the Postal and Telecommunications Regulatory Authority of Zimbabwe (Potraz). Potraz’s postal and telecommunications sector performance report for the first quarter…
ZIMBABWE is likely to reap one of its worst ever harvest of wheat this season, with estimates indicating the country could get a yield of 10 000 tonnes of wheat, or just a week’s worth of national demand. This production level represents a further slump from 24 700 tonnes of…
THE Zimbabwe Revenue Authority (ZIMRA)’s tax dragnet has swooped on telecommunications giant, Econet Wireless Zimbabwe, which is now embroiled in a tax dispute with the country’s revenue collector over alleged manipulation of invoices to evade tax. The move has disturbed Econet executives who are understood to have already gone to…
ZIMBABWE’s premier mining showcase, the Mining, Engineering and Transport (Mine Entra) 2014 edition, opened on July 23 in Bulawayo, with strong support from countries still interested in tapping Zimbabwe’s vast mineral resources. South Africa, Germany, China, Belgium, Nigeria and Botswana are displaying their products at the exhibition, which runs until…
PROVINCIAL Affairs Minister Kudakwashe Bhasikiti faces a backlash from his colleagues in government after he gave a flattering account of the situation at Chingwizi Transit Camp at a recent ZANU-PF Politburo meeting that is totally removed from the reality on the ground. Bhasikiti told a Politburo meeting chaired by President…
THE Movement for Democratic Change (MDC) Renewal Team has gotten off to a shaky start amid revelations that the political outfit is struggling to lure donors while at the same time suffering an undefined leadership which might force it to settle for someone outside its rank and file to take…
GOVERNMENT has resolved to stop the country’s tax agency, the Zimbabwe Revenue Authority (ZIMRA), from garnishing bank accounts of defaulting companies and institutions in order to mitigate the haemorrhage being endured by local firms as a result of a worsening economic climate. Impeccable government sources told the Financial Gazette this…
THE ruling ZANU-PF party, which is under extreme pressure to resolve a complex national crisis that is being fuelled by a tenuous liquidity situation is itself neck-deep in the throes of financial woes that speaks volumes about its capacity to deliver on its election promises. While the revolutionary party went…
A WHISTLE-blowers’ fund introduced by the Zimbabwe Revenue Authority (ZIMRA) as part of efforts to combat rampant corruption and economic crimes is being abused by the tax agency’s officials, the Financial Gazette has learnt. The damning revelations, which the authority could neither deny nor confirm puts ZIMRA in an invidious…
