Monthly Archives: June 2022

 

Reduce 4% forex IMTT: Experts

BY FREEMAN MAKOPA ZIMBABWE’S cash-strapped government has been advised to lower the new foreign currency Intermediate Money Transfer Tax (IMTT) to 1%, from 4%, to boost revenue collection. Last month, as part of measures to promote the usage of local currency, President Emmerson Mnangagwa announced a new 4% IMTT on all domestic foreign currency transfers. […]
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‘Teachers’ salary can only buy 20 loaves of bread’

BY PROBLEM MASAU AS bread prices continue to soar, public sector employees are now comparing and contrasting their low wages to how many loaves they can actually purchase. A loaf of bread in the country now costs between $600 and $945, way beyond the reach of many workers, a majority of whom take home $35 […]
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Warrant of arrest against billboard businessman

BY DESMOND CHINGARANDE A warrant of arrest has been issued against one of the Harare men accused of illegally erecting a billboard tarnishing the image of a property development company. Paragon Printing director, Mark Strathen failed to appear before magistrate Shane Kubonera on Wednesday, resulting in the issuing of the warrant of arrest. Strathen is […]
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Ordinary citizens or foreign capital? July Moyo must choose

WE have followed, with interest, the ongoing developments on the Pomona dumpsite deal where Local Government minister July Moyo is pushing and defending the privatisation of the dumpsite. The deal was awarded to Geogenix BV, a Netherlands company. The US$344 million Pomona deal will cost residents of Harare US$22 000 per day for depositing waste. […]
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Mnangagwa mourns Major-General Nyathi

BY FREEMAN MAKOPA PRESIDENT Emmerson Mnangagwa has mourned the death of retired Major-General Sikhulile Simpson Nyathi, who died on Sunday at Josiah Magama Tongogara Barracks Referral Hospital in Harare. In a statement yesterday, Mnangagwa described Nyathi’s death as a blow to the nation. “It was with a deep sense of shock and sorrow that I […]
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