Business Reporter TREASURY has standardised the intermediated money transfer (IMTT) tax rates on Zimbabwe Gold (ZiG) and US dollar transactions at 2 percent for values up to US$100 or the local currency equivalency. The transaction tax now also applies to transactions for gold-backed digital tokens (GBDTs). A lower rate of US$0,05 per dollar will apply […] …
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Monthly Archives: May 2024
Finance minister says vexed by snubbing of ZiG by fuel dealers
Admits ZiG acceptance by Zimbabweans will take time
The post Finance minister says vexed by snubbing of ZiG by fuel dealers appeared first on Zimbabwe News Now. …
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Suspect arrested in Warren Hills mystery grave destructions
Court orders psychiatric examination before trial commencement
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18 Mutero High School students treated for injuries after kombi rolls 3 times
Kombi over-turned three times near Munyati Bridge and landed on its wheels, police confirmed
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2 workers killed, over 50 trapped in South Africa building collapse
Cranes and other heavy lifting equipment deployed to help with the rescue effort
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Zim loses US$9b to corruption
Source: Zim loses US$9b to corruption –Newsday Zimbabwe ZIMBABWE has for the past five years lost about US$9 billion to corruption with the country only managing to recover a measly US$100 million in assets of the looted funds, it has emerged. With Zimbabwe’s national budget averaging US$4,5 billion in recent years, it means that the […]
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Govt introduces fresh tax to keep forex inland
Source: Govt introduces fresh tax to keep forex inland -Newsday Zimbabwe FINANCE minister Mthuli Ncube says government will tax US$0,02 for every US$1 leaving the country to ensure forex availability locally, as the State desperately tries to protect the Zimbabwe Gold (ZiG) currency introduced a few weeks ago. For years, the formal financial institutions’ foreign […]
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‘BAZ should collect licence fees’
Source: ‘BAZ should collect licence fees’ –Newsday Zimbabwe THE Broadcasting Authority of Zimbabwe (BAZ) should take over from the Zimbabwe Broadcasting Corporation (ZBC) and be solely responsible for radio and television licensing, Marondera Central legislator Caston Matewu has suggested. Responding to a question during the belated World Press Freedom Day celebrations organised by the Zimbabwe […]
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ZiG stalls disbursement of govt funds
Source: ZiG stalls disbursement of govt funds –Newsday Zimbabwe GOVERNMENT has delayed disbursing funds allocated under the 2024 National Budget due to the recent introduction of the Zimbabwe Gold (ZiG) currency, Finance, Economic Development and Investment Promotion minister Mthuli Ncube has said. He said the ZiG, launched through the Reserve Bank of Zimbabwe governor John Mushayavanhu’s […]
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We’ll soar like an eagle: Zimre
Source: We’ll soar like an eagle: Zimre -Newsday Zimbabwe PROFIT at the diversified investment firm Zimre Holdings grew by 321% to ZWL$304,9 billion for the financial year 2023, with all key lines of the business witnessing exceptional profitability in real terms throughout the year. The group’s key businesses include reinsurance and reassurance, short term insurance, […]
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