Govt allows Zesa to charge exporters in forex

By Joel Mandaza ZESA`s proposal to charge exporters in foreign currency has finally been granted as Government has adopted the idea into law through a statutory instrument. The power utility which has been facing liquidity challenges has been pushing to access hard currency through tariffs as the Reserve Bank of Zimbabwe forex distribution system is …

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Mthuli agrees to set aside equipment budget for defence in forex

By Staff Reporter Finance Minister Mthuli Ncube has agreed with Parliament to set part of the defence budget in foreign currency adding that the call is genuine. Legislators argued that since Air Force of Zimbabwe requires various materials and equipment which are not manufactured in the country there was a need to set part of …

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Guvamatanga was in SA looking for material for police uniforms

By Staff Reporter Permanent Secretary in the Ministry of Finance and Economic Development George Guvamatanga was recently in South Africa looking for material to make police uniforms. This was revealed by Minister Mthuli Ncube in the National Assembly during the 2020 National Budget where some legislators have been calling for improved conditions of service for …

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Include forex on Defence budget for 2020: Mayihlome

By Staff Reporter Portfolio Committee on Defence, Security and Home Affairs chairperson Levi Mayihlome has called on Finance Minister to consider including foreign currency on the budget allocation for defence in 2020 arguing that there might need to buy warplanes and their spare parts from outside the country. Speaking during the 2020 budget debate in …

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Mthuli refuses to increase CDF from ZW$175k

By Staff Reporter Finance and Economic Development Minister Mthuli Ncube has refused to increase the Constituency Development Fund (CDF) from the current ZW$175 000 arguing that the amount is adequate if it is effectively used. The concept of the CDF was introduced during the time of the inclusive government with the aim of enabling legislators …

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How we end up with laws we don’t want

By Joel Mandaza Many a time, people complain about pieces of legislation they feel does not speak to their realities. It appears there is a top-down approach in the way laws are formulated. They look like they are mused upon in well-conditioned offices and are foisted upon the powerless public. There is a bit of …

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I didn’t know CDF disbursement has been delayed says Mthuli

By Staff Reporter Finance and Economic Development Minister Mthuli has told Parliament he was not aware that disbursement of Constituency Development Fund (CDF) has been delayed. CDF was introduced during the time of the Inclusive Government with a view to helping legislators to champion development in their constituencies. Chitungwiza North legislator Godfrey Sithole had wanted …

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The problematic clause in the Corporate Governance Act

By Joel Mandaza In June 2018, President Emmerson Mnangagwa signed the Public Entities Corporate Governance Act into law. This is a law aimed at improving corporate governance at public entities which in all honesty need a thorough exorcism. The aim and target are barely the same things, especially when it comes to policy in Zimbabwe …

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Consumer Protection Bill passes through Parliament, awaits Presidential assent

By Joel Mandaza The Consumer Protection Bill which sailed through Parliament is now awaiting the Presidential assent to become law. In a notice in the Government Gazette of December 6, 2019, Speaker of National Assembly Advocate Jacob Mudenda announced that “In terms of section 131(5) (b) of the Constitution of Zimbabwe, it is hereby notified …

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Protect us from abusive Male MPs, women beg Deputy Speaker

By Staff Reporter Chirumanzu legislator Barbara Rwodzi has pleaded with the Deputy Speaker of National Assembly Tsitsi Gezi to protect female legislators from verbal gender-based violence they are getting from male legislators in the National Assembly. The verbal abuses are said to be part of the bottlenecks that have been preventing female legislators from effectively …

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