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China fears #Zimbabwe risk

via China fears Zimbabwe risk April 11, 2014  By Faith Zaba Zimbabwe Independent CHINA is baulking on providing a rescue package through structured deals to President Robert Mugabe’s government in the aftermath of last year’s controversial general elections, largely because of the

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ZSE slide continues | April 11, 2014

via ZSE slide continues | The Source  April 11, 2014 The industrial index closed the week low after retreating 2.09 points to close at 172.59 points. Among the losers were Delta which was down five cents to trade at 110 cents and

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US$600M lost to salarygate fat cats | The Herald

via US$600m lost to salarygate fat cats | The Herald April 11, 2014 by Felex Share Executives in State-linked firms gobbled US$600 million in salaries and allowances since 2009 and US$133 million last year alone. The money was pocketed by 3 000 individuals

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Salarygate: Time to shut the gate

via Salarygate: Time to shut the gate – The Zimbabwe Independent April 11, 2014 by Sam Hlabati There have been lots of noises in all forms of media about the apparent exorbitant salaries that have been pocketed by executives in state-owned Enterprises (SOE’s)

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Zimra tightens remuneration monitoring to boost tax earnings

via Zimra tightens remuneration monitoring to boost tax earnings | The Source  April 11, 2014 Zimbabwe’s revenue agency (Zimra) has tightened monitoring of individual remuneration, which has boosted revenue income for the first quarter, according to its first quarter report. Individual taxes

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Revenue crisis: government in ‘obfuscatory guesswork’

via Revenue crisis: Govt in ‘obfuscatory guesswork’ April 11, 2014 Zimbabwe Independent THE dire warning from the Zimbabwe Revenue Authority (Zimra) that the country faces tougher times ahead with the cash-squeeze worsening due to depleted revenue inflows into state coffers only serves

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Government fuels liquidity crisis

via Govt fuels liquidity crisis April 11, 2014 Zimbabwe Independent Government is fuelling the country’s already critical liquidity situation as it emerged this week that the state accounted for 60% of Zimbabwe’s US$7 billion imports. Zimbabwe has negative balance of payments position

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How Zimbabwe Intelligence organisation siphoned US$70m loan facility

via How Zimbabwe Intelligence organisation siphoned US$70m loan facility April 11, 2014 by Elias Mambo Zimbabwe Independent FURTHER details have emerged on how the shadowy CIO squandered US$70 million provided by the Chinese government through state-controlled financial institutions following hints on the issue

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Govt to fork out US$15m on MPs’ cars

via Govt to fork out US$15m on MPs’ cars April 11, 2014 by Elias Mambo Zimbabwe Independent THE cash-strapped Zimbabwe government will splurge close to US$15 million on luxury cars for its 355 legislators at a time government is struggling to pay salaries

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Power struggles reign as the country bleeds

via Power struggles reign as the country bleeds – The Zimbabwe Independent April 11, 2014 by Herbert Moyo SEVEN months after President Robert Mugabe appointed a bloated 26-member cabinet, there is nothing to inspire confidence and hope that the ruling Zanu PF government

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New details on #mugabe’s extra votes

via New details on Mugabe’s extra votes – The Zimbabwe Independent April 11, 2014 by Owen Gagare/Wongai Zhangazha THE Research and Advocacy Unit (Rau) has released a new report which questions the source of President Robert Mugabe’s controversial one million extra votes in

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Nigeria summons Zimbabwe envoy over #mugabe remark

via Nigeria summons Zim envoy over Mugabe remark | SW Radio Africa by Mthulisi Mathuthu on Friday, April 11, 2014 Nigeria this week summoned Zimbabwean envoy Stanley Kunjeku, to formally lodge a complaint over President Mugabe’s remarks which depicted Nigeria as a

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Zimbabwe hunts for new diamond markets

via Zimbabwe hunts for new diamond markets April 11, 2014 Zimbabwe Independent by Owen Gagare/Herbert Moyo ZIMBABWE is hunting for alternative markets for its diamonds amid indications government may dump Antwerp World Diamond Centre in Belgium in favour of the Dubai Diamond

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Mbada Diamonds boss quits | The Chronicle

via Mbada Diamonds boss quits | The Chronicle April 11, 2014 by Mernat Mafirakurewa  Chief Executive Officer of Mbada Diamonds, Patience Khumalo, has resigned from the company, she confirmed last night. Khumalo, speaking exclusively to Business Chronicle, said: “I was the first employee

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Diamonds are for the State: #mugabe | The Chronicle

via Diamonds are for the State: Mugabe | The Chronicle April 11, 2014 DIAMONDS are to be nationalised and all mining of the mineral will become the sole preserve of the State, President Robert Mugabe has said.Extraction, polishing and export sales of

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