‘UNSCRUPULOUS characters are printing fake bond notes for release when the real bond notes are injected into the economy’ -Patrick Chinamasa,

‘UNSCRUPULOUS characters  are printing fake bond notes for release when the real bond notes are injected into the economy’ -Patrick Chinamasa,

  UNSCRUPULOUS characters have started printing fake bond notes which they plan to release when the real bond notes are injected into the economy, a Cabinet Minister said yesterday. The new notes are expected to be in circulation in a few weeks’ time with the Reserve Bank of Zimbabwe (RBZ) rolling out massive awareness campaigns ahead of their usage. Addressing legislators at the 2017 pre-budget seminar in Bulawayo, the Minister of Finance and Economic Development,…

Read More

Rural Teachers Union of Zimbabwe (RTUZ) Now Effectively On Strike

Rural Teachers Union of Zimbabwe (RTUZ) Now Effectively On Strike

Rural Teachers Union of Zimbabwe (RTUZ) is now effectively on strike across the country with its 6125 strong membership and thousands of other teachers posted in rural stations having stopped to undertake any task associated with their routine work. This comes after the National Executive of RTUZ stormed the finance ministry, on 1 July 2016, demanding immediate payment of long overdue teachers’ salaries. After the protest at the finance ministry, the government has subsequently failed…

Read More

SOCIAL MEDIA VICTORY! -Chinamasa Claims ‘My Son Never Attempted To Smuggle US$7m, To South Africa’,

SOCIAL MEDIA VICTORY! -Chinamasa Claims ‘My Son Never Attempted To Smuggle  US$7m, To South Africa’,

  Claims on social media that Finance Minister Patrick Chinamasa’s son was arrested at Beitbridge Border Post while trying to smuggle out $7 million are false and meant to undermine the minister’s efforts in turning around the economy. Minister Chinamasa dismissed the allegations in a statement saying they were deceitful. “There have been rumours circulating in the social media about the alleged arrest of my son for allegedly trying to smuggle $7 million cash through…

Read More

People’s Democratic Party, ‘Tendai Biti’ Statement On State Of Zimbabwe’s Economy

People’s Democratic Party, ‘Tendai Biti’ Statement On State Of Zimbabwe’s Economy

  The Zimbabwean economy is grinding to a halt with clear evidence that the economy if fast tracking into deep seated economic recession. It is also evident that Chinamasa and any of the acolytes in ZANU PF have neither the desire nor the ability of turning around this economy. In short they are as carefree and indifferent as they are clueless. The economy requires structural reforms if the country is to move forward. Furthermore the…

Read More

Zimbabwe Government Unveils New Indigenisation Framework

GOVERNMENT yesterday unveiled a new framework to the Indigenisation and Empowerment Policy containing a cocktail of measures expected to complement other initiatives to attract local and Foreign Direct Investment.  Over the past few weeks, Finance and Economic Development Minister Patrick Chinamasa and his Youth, Indigenisation and Economic Empowerment counterpart Patrick Zhuwao appeared to differ on the framework and last week had to cancel a joint media briefing they had planned. The ministers, however, managed to…

Read More

‘Failure To Pay Civil Servants, Is A Result Of Govt Corruption’- NCA

‘Failure To Pay Civil Servants, Is A Result Of Govt Corruption’- NCA

The opposition National Constitutional Assembly party has claimed that the rampant corruption rocking Zimbabwe has caused government to fail to pay civil servants in time. “NCA party is seriously concerned that the corrupt Zanu PF government failed to pay civil servants their salaries on time and completely failed to pay them their bonuses. So far some sections of civil servants received their salaries with no bonuses while a number are still waiting to get their…

Read More