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1-10 results from 1000 for query «finance»

January 12, 2019 4:46 PM Ex-minister pushes for Zimdollar

Former deputy Finance minister Terence Mukupe, said without reintroducing local currency and having a serious reengagement with the United States of America (USA) the country will continue to suffer. Posting on his Twitter account, Mukupe said the authorities must make bold decisions to take the country out of this crisis. “With the twin deficit we have…. Our situation 473

January 9, 2019 10:40 AM Fired MSU security guards engage minister

Four Midlands State University security guards who won a court case against their employer for unlawful dismissal have approached the office of the Minister of State for Midlands Provincial Affairs Larry Mavima seeking recourse. The quartet of Doubt Chivi, Farai Chidonhi, Ndakaziva Dombo and Rueben Musengeyi, who were part of the university’s Campus 311

January 9, 2019 5:03 AM Govt suspends duty on commodities

Suspension of duty on selected commodities among them luxury and public service buses, ammonium nitrate fertilisers, fertilised eggs for hatching and powdered raw milk among other critical goods, came into effect on Wednesday last week, according to Government Gazette published on Friday. Some of the goods on the exemption list include raw wine all for approved 96

January 7, 2019 1:28 PM Foreign satellite service providers to pay tax

The cash-strapped government has amended the Finance Bill to enable it to tax foreign satellite service providers such as Multichoice. Parliament has acceded to the amendment of Section 14 of the Income Tax Act so that fees and charges that are paid to foreign satellite service providers are deemed as income sourced from Zimbabwe for the purposes of taxation 99

January 3, 2019 5:25 PM UK shames Zim embassy

Government was yesterday left with egg on its face after Zimbabwe’s embassy in the United Kingdom was named among 23 diplomatic missions that are not paying their rates. The diplomatic missions now owe the British taxman more than £1,5 million in unpaid business rates, which should have been paid on December 31, 2017. Out of the 23 named foreign missions 93

January 1, 2019 1:51 AM Tax exemption for Chinese company

Finance and Economic Development minister Mthuli Ncube said government will refund and exempt China Jiangsu International from Value added Tax (Vat) and income tax dating back to 2012. China Jiangsu international, a Chinese company, completed the upgrading of Victoria Falls International Airport in 2016. The Chinese company consequently won another bid to remodel 75

December 31, 2018 6:21 AM Residents owe Chitungwiza $70,2m

Chitungwiza Municipality’s ability to deliver services has been compromised by the increase in the money it is now owed by ratepayers, which has increased from $65,5 million in August to $70,2 million. Commercial clients owe the local authority $27,4, while residents owe $42,8 million. Finance director Mrs Evangelista Machona said council operations 77

December 28, 2018 10:08 AM Outgoing MPs to get pension

Finance and Economic Development Minister Professor Mthuli Ncube has said MPs will get a pension after completing their five-year terms. The proposal is made in the Finance Bill which is now before the Senate. Members of Parliament have since asked for vehicles and an increase in their allowances because of the important role they play in the running 67

December 27, 2018 2:22 AM ZIMRA claims taxes in Zimbabwe not high

The Zimbabwe Revenue Authority (Zimra) says Zimbabweans are not highly taxed as claimed by some sections of society. Most of these taxes compare favourably with the rest of Sub-Saharan countries, Zimra Commissioner General Ms Faith Mazani, said this last week while fielding questions after unpacking the Authority’s five-year strategy (2019-2023). Ms Mazani 78

December 14, 2018 7:29 AM Trial of Mphoko’s son postponed

The trial of former Vice President Phelekezela Mphoko’s son, Siqokoqela, has been postponed to January 21 next year. He is being accused of hijacking the Choppies retail business and “looting” more than $50 000 worth of cash and goods from the outlets countrywide without board approval. Siqokoqela (40), who is facing 170 counts of fraud and theft, appeared 65