ZESA Owed Over $1 bn, Gvt Arms,Local Authorities Fingered

The Zimbabwe Electricity Transmission and Distribution Company, (ZETDC), a subsidiary of ZESA Holdings is battling to recover over $1 billion in unpaid power utility bills it has emerged. The unpaid bills which are estimated at $1,2 billion are a result of defaulters mainly state-owned enterprises and local authorities. Addressing members of the media after the 21st …

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Fuel available but is bonded: Minister Gumbo

By Takunda Mandura Energy and Power Development Minister Joram Gumbo says fuel is readily available in the country but is in bonded storage and would require foreign currency to access it. Zimbabwe has been experiencing fuel challenges since the last quarter of 2018 a development which saw queues resurfacing at most service stations across the …

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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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Mnangagwa lies about US$3billion FDI

By Daniel Chigundu MDC Alliance says President Emmerson Mnangagwa is lying to the people that the country has received about US$3billion in foreign direct investment (FDI) adding that such an investment would have been visible. Zimbabwe is currently leaving no stone unturned in its quest to attract the much needed but elusive FDIs to help drive the economy from its current gridlock. President Mnangagwa even …

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Mpofu must answer for missing US$15billion

By Daniel Chigundu Mabvuku-Tafara legislator James Maridadi says Home Affairs Minister Obert Mpofu must first go through due process on the missing US$15 billion diamond revenue before he can be allowed to hold a cabinet post. Former President Robert Mugabe revealed that Zimbabwe had lost about US$15 billion due to illicit deals in the diamond mining sector. The alleged illicit deals occurred during the time …

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Govt confident of new procurement laws

By Wisdom Mumera Government says it is confident that the Public Procurement and Disposal of Public Assets Act (PPDPAA) which replaced the State Procurement Act will go a way long in plugging resource leakages and eliminating corruption in public entities The repealed SPA had a lot of loopholes that allowed officials in government institutions engage in corrupt activities that saw the state being prejudiced of …

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Govt confident of new procurement laws

By Wisdom Mumera Government says it is confident that the Public Procurement and Disposal of Public Assets Act (PPDPAA) which replaced the State Procurement Act will go a way long in plugging resource leakages and eliminating corruption in public entities The repealed SPA had a lot of loopholes that allowed officials in government institutions engage in corrupt activities that saw the state being prejudiced of …

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