Zanu PF’s skill was to liberate us, running the economy is not theirs, says Busha

Freezim Congress president Joseph Makamba Busha has said Zanu PF has no capacity to run the country’s economy, adding that their only role was to liberate the country. In 1980 when Zimbabwe got its independence from the late Ian Smith following a protracted liberation struggle, the economy is said to have been the best in …

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Wither Zim’s debt plan

By Staff Writer Zimbabwe’s prospects of accessing long-term concessionary funding from international financial institutions has been thrown into disarray after the southern African country missed key benchmarks in its reform drive, analysts have warned. The country is saddled with a debt stock of $16,9 billion, with external debt accounting for approximately $7,4 billion. Out of …

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Enough is enough, war veterans should not be given more money

OPINION By Tanyaradzwa Timbatimba While we appreciate the heroics and sacrifices done by war veterans during the liberation struggle in the 70s, I think it is time to call it enough on their demand for benefits. Yes war veterans lost opportunities while they were in the bush fighting for the independence of the country, and …

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Its not Huawei Technologies alone, there are other Chinese firms exempted, says Govt

Government has revealed that there are many other Chinese companies besides Huawei Technologies that are exempted from paying tax in Zimbabwe. Zimbabwe announced a few weeks ago through a Statutory Instrument 25 of 2020 that Huawei Technologies was exempted from paying tax backdated to 2009, however, the announcement was received with mixed feelings by members …

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Sorry Mr Biti, I will not remove SI 142, says Mthuli

By Nkanyiso Ncube Harare East legislator Tendai Biti yesterday called on Finance and Economic Development Minister Mthuli Ncube to repeal SI 142, of 2019 saying the attempt to de-dollarise has failed. Speaking in the National Assembly during question and answer segment Biti said conditions for de-dollarisation did not exist adding that government’s strategy to make …

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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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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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We have great expectations, but Mthuli has failed us before: Masarira

By Staff Reporter Labour Economists and Afrikan Democrats (LEAD) president Linda Masarira says her party is expecting positives from the 2020 National Budget that is going to be presented in Parliament this Thursday (14 November 2019) despite the misfiring of the previous ones. Minister Mthuli Ncube’s budget comes at a time when Zimbabwe is going …

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New Currency/Notes: Who should we believe, Mangudya or Mthuli?

By Staff Reporter Zimbabweans find themselves at crossroads, unsure whether to believe Reserve Bank of Zimbabwe Governor John Mangudya or Finance Minister Mthuli Ncube on the currency issue. Mangudya had told the media at a press conference that the country will be introducing a new currency that will circulate alongside the Bond Notes, however, his …

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Sanctions are real but… (Part 1)

By Prosper Chitambara The major highlight of the past week was the anti-sanctions march on Friday 25 October; a day designated as the anti-sanctions day by SADC and declared a public holiday by the government of Zimbabwe. While external sanctions are real and have had some negative implications on the economy, the worst form of …

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