Committee pleads for US$100m digitalisation funds

By Daniel Chigundu The Parliamentary Portfolio Committee on Information, Media and Broadcasting Services has appealed to both treasury and Parliament for the allocation of US$100 million to TransMedia for the completion of the digitalisation program. Digitalisation which has missed both the regional and international deadlines has so far gobbled about US$40 million and requires an …

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TransMedia cancels US$289K budget request

By Daniel Chigundu TransMedia will no longer be requesting for budgetary support from the 2019 national budget but will instead implement measures to collect what is owed by various broadcasters including ZBC. The broadcasting transmission company which had initially asked for a $289 000 budgetary support has the potential to raise enough resources from its …

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Hwange Colliery captured by a cartel

By Daniel Chigundu Hwange Colliery Company board has told Parliament that the mine is being run by a cartel which involves management, suppliers and some stakeholders who have defrauded it big time. Despite producing coal and its by-products Hwange has been failing to sustain its operations and has failed to pay its workers for more …

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Govt seeks to keep US, Bond Note value at par

By Daniel Chigundu Ministry of Finance says it will present the 2019 National Budget in US dollars because it is the currency unit of account and that it is looking at measures of keeping the Bond Notes at par with the dollar. The Bond Note was introduced a few years ago as an export incentive …

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2% tax is paying for subsidies: Guvamatanga

By Daniel Chigundu Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga says the 2 percent tax is necessary as it will fund subsidies that Zimbabweans enjoy. The government introduced a 2 percent tax earlier this month which is levied on all electronic transactions across all platforms. Under the tax, the government …

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2% tax is paying for subsidies: Guvamatanga

By Daniel Chigundu Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga says the 2 percent tax is necessary as it will fund subsidies that Zimbabweans enjoy. The government introduced a 2 percent tax earlier this month which is levied on all electronic transactions across all platforms. Under the tax, the government …

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Govt suspends SI 122 …as economic pressure mounts

By Daniel Chigundu Cabinet has resolved to temporary suspend Statutory Instrument 122(SI122) of 2017 to allow retailers and individuals to import basic commodities to avert current shortages being experienced in the market. Suppliers have been failing to meet the demand for such goods as cooking oil, sugar, salt, cordials, laundry soap and juices among many …

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