Politburo heralds Zanu-PF congress

Felex Share Senior Reporter— ZANU-PF holds a Politburo meeting in Harare today, signalling the beginning of processes leading to Friday’s Extraordinary Congress. Today’s meeting will be followed by a Central Committee meeting tomorrow.Zanu-PF spokesperson Cde Simon Khaya Moyo yesterday said the revolutionary party was ready to roar and would emerge stronger after the Congress ahead of the…
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D-Day for Chombo

Fidelis Munyoro Chief Court Reporter Former Finance Minister Ignatius Chombo, who is facing a slew of corruption charges, will know his fate today when the High Court makes a ruling on his appeal for bail. This comes amid reports that Chombo’s co-accused, arrested on allegations of facilitating the transfer of council property worth over $900 000…
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2018 Budget to focus on fiscal consolidation . . . as deficit is set to rise to $1,8 billion in December

Oliver Kazunga in Victoria Falls FINANCE and Economic Development Minister Dr Ignatius Chombo says the 2017 national budget deficit could rise to $1,82 billion from $400 million largely driven by the cumulative expenditures that are set to close the year at $5,6 billion. Speaking yesterday during the 2018 Parliamentary pre-budget seminar presently underway here, Dr Chombo…
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Parastatals incur $270m loss: Audit •Weak corporate governance cited •‘Most entities technically insolvent’

Farirai Machivenyika Senior Reporter— THIRTY-EIGHT out of 93 State-owned enterprises (SOEs) audited last year incurred a combined $270 million loss as weak corporate governance practices and ineffective control mechanisms took their toll. There were indications that some line ministries had not yet responded to President Mugabe’s directive to provide updated status reports of State enterprises that fall…
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MPs demand $15m unpaid allowances •disrupt pre-budget briefing seminar •Speaker promises to take action

Farirai Machivenyika Senior Reporter— THE start of a pre-budget briefing seminar was delayed yesterday after legislators demanded that Speaker of the National Assembly addresses them on the payment of their outstanding sitting allowances and other benefits. MPs are owed $15 million in outstanding sitting allowances, while Parliament owes hotels and other service providers approximately $3 million.The delay…
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