Rand, US Dollar are the same: Guvamatanga

By Daniel Chigundu Permanent secretary in the Ministry of Finance and Economic Development George Guvamatanga has told Parliament that adopting the Rand is not different from using the US Dollar as it would need to be earned. There have suggestions from various economic commentators that the country should consider joining the Rand Union as an …

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Let’s fix political issues also: Mangudya

By Daniel Chigundu Reserve Bank of Zimbabwe governor John Mangudya has called on politicians in the country to put the same amount of effort being put on the economy when dealing with political and social issues. Zimbabwe is currently at a political standstill owing to disputed 2018 general elections which saw President Emmerson Mnangagwa being …

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Bulawayo introduces water shedding

By Staff Reporter Bulawayo City Council has hinted that there will be massive water shedding from Sunday 30 June owing to power challenges at Ncema Water Works and Fernhill Pump Station. Power challenges are reportedly making it difficult for the city council to pump raw water to the plants for treatment. In a statement, Bulawayo …

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Bulawayo introduces water shedding

By Staff Reporter Bulawayo City Council has hinted that there will be massive water shedding from Sunday 30 June owing to power challenges at Ncema Water Works and Fernhill Pump Station. Power challenges are reportedly making it difficult for the city council to pump raw water to the plants for treatment. In a statement, Bulawayo …

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Auditor Generals Report | State Enterprises & Parastatals [2018 ]

This report contains the findings from the annual financial audits of state enterprises and parastatals. Over the past five years, I have witnessed a marked improvement in the number of state enterprises and parastatals complying with the provisions of the Public Finance Management Act [Chapter 22:19] on submission of financial statements. As at May 31, …

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Auditor Generals Report | State Enterprises & Parastatals [2018 ]

This report contains the findings from the annual financial audits of state enterprises and parastatals. Over the past five years, I have witnessed a marked improvement in the number of state enterprises and parastatals complying with the provisions of the Public Finance Management Act [Chapter 22:19] on submission of financial statements. As at May 31, …

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Auditor General’s Report | STATE ENTERPRISES & PARASTATALS REPORT

Audit mandate My duties as set out in the Constitution of Zimbabwe and amplified in the Audit Office Act [Chapter 22:18] are, in addition to examining, auditing and reporting on accounts of all persons entrusted with public monies or state property, to audit all institutions and agencies of government, and at the request of government …

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Auditor General’s Report | STATE ENTERPRISES & PARASTATALS REPORT

Audit mandate My duties as set out in the Constitution of Zimbabwe and amplified in the Audit Office Act [Chapter 22:18] are, in addition to examining, auditing and reporting on accounts of all persons entrusted with public monies or state property, to audit all institutions and agencies of government, and at the request of government …

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Harare City Council Borrowed US$32 Million for Salaries

By Staff Reporter Harare City Council borrowed US$32 500 000 to fund the salaries and terminal benefits packages for its employers in direct contravention of laws governing such acts according to the recently released Auditor General’s report for 2018. The hefty amounts were borrowed in batches from CABS between 18 November 2014 and 18 November …

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