Zimdollar : Renaming Our Poverty 

By Wisdom Mumera Initially, the Zimdollar went out without much fanfare. It died a natural death and was mourned by none. It slowly disappeared as the market self-dollarised and the government had to play catch-up by announcing the formal entrance of the multi-currency regime. After the entrance of bond notes, the market has been in …

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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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Austerity is meant for Govt only: Mthuli

By Daniel Chigundu  Finance Minister Mthuli Ncube says “Austerity for Prosperity” is targeted at government alone and does not extend to the private sector and individuals. Austerity for Prosperity is the theme for the 2019 National Budget presented by Minister Ncube and which has generally been criticised by some economists and politicians who believe it …

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Supplementary budget set for July

By Daniel Chigundu Ministry of Finance and Economic Development has told Parliament that it is going to present its supplementary budget for 2019 in July together with a budget review. In previous years treasury has been using more money than what would have been approved by Parliament through the Budget Bill a development which is …

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Ministries blew money without authority

By Daniel Chigundu Ministries were spending their budget allocations from as far as 2014 without authority to spend from Ministry of Finance leading to over expenditure, Parliament has heard. When Parliament approves a budget, the Accountant General in the Ministry of Finance is supposed to issue them with warrants to spend the money. The warrant …

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Contribute To The Finance (No.2) Bill, 2018

On Friday, 19 October 2018, the Clerk of Parliament gazetted the Finance (No. 2) Bill, H.B. 9, 2018. Section 141 of the Constitution of Zimbabwe provides that Parliament must:         (a) Facilitate public involvement in its legislative and other processes of its Committees;        (b) Ensure that interested and affected parties are consulted about Bills being  considered  by Parliament, unless such consultation is inappropriate …

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FULL TEXT: Hon. Mliswa debate on Parly Budget

Courtesy of Parliament Hansard Honourable Temba Mliswa (Norton):  Thank you, Chairman.  I do not blame the Hon. Minister Ndlovu for wanting to debate the budget because she is in the Executive.  She is not a Member of Parliament.  She has two cars; she has bodyguards and many allowances I really understand. We now go back …

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