Finance Minister Patrick Chinamasa – Page 3

Broke Zanu PF Regime Fails To Pay Military Bonuses

Posted on December 17, 2015December 17, 2015 by newzimbabwevision

Government has once again failed to pay the military bonuses despite promises by Vice-President Emmerson Mnangagwa last month that it would honour its pledge to give its workers a 13th cheque. Hordes of desperate pensioners were also braving the rains queuing at banks across the country for their November pensions, which are yet to be paid. Last month, Mnangagwa told parliamentarians that government would honour its promise to give its workers bonuses after it failed…

Security ministries gets Lion’s Share From Zim’s US$Billion Budget

Posted on November 27, 2015 by newzimbabwevision

SECURITY ministries received some of the biggest allocations in the 2016 budget votes outside the Education ministries despite a marked shift in social spending, statistics show. According to the figures, Treasury allocated a quarter of the of the US$4 billion budget to the two Education ministries, followed by security ministries – Home Affairs and Defence – starving the health ministry of critical funding. “As I have previously indicated, the social sector ministries of Primary and…

Ziscosteel Workers Contracts, Terminated And Zim Gvt Takes Over Firm’s US$700m Debt

Posted on November 27, 2015 by newzimbabwevision

GOVERNMENT will, with effect from December 1 this year, terminate all contracts for Ziscosteel workers on three months’ notice and absorb its wage liabilities in a bid to attract investors to resuscitate the company, Finance Minister, Patrick Chinamasa has said. The development confirms the collapse of the Redcliff steelmaker’s much-vaunted takeover by an Indian company despite vice president Emmerson Mnangagwa insisting in February this year that plans to restart the closed company were at an…

Vascoda Mugabe’s Foreign Travel Budget, Exceeded By 240%

Posted on November 27, 2015 by newzimbabwevision

THE government overspent by 25 percent in the eight months to August, with the cost of foreign travel skyrocketing, while revenue collection missed targets due to poor economic performance, a report by a think tank has shown. A frequent flier, President Robert Mugabe is regularly criticised by the opposition for spending millions travelling abroad at a time the Harare administration is struggling with its finances in a poor economy. The veteran leader’s foreign travel schedule…

Mugabe’s Zanu PF Regime To Pay Armed Forces Bonuses First In November 2015, Because There Is No Money

Posted on November 8, 2015November 8, 2015 by newzimbabwevision

Once again Mugabe’s Zanu PF regime has chosen the oppressive state machinery over the suffering masses. The end of the year is traditionally a time when people gain some respite from their financial woes as they receive a thirteenth cheque in the form of a bonus. In what many view as the oppressive regime’s attempt to pacify an increasingly unsettled people in the run up to what is likely to be the toughest annual Zanu PF December…

Simon Khaya Moyo Dismisses Opposition Critiscism Of Zim Asset And Challenges Them To Produce Alternative Economic Policies.

Posted on November 4, 2015November 4, 2015 by newzimbabwevision

Zanu-PF spokesman Simon Khaya Moyo has dismissed opposition criticism of the ruling party policies challenging them to produce alternative economic policies. In an exclusive interview with Voice of America, Moyo attacked the opposition for not adding value to national development. “What are they doing themselves, are they not Zimbabweans, they should bring better polices forward.” Opposition parties have been taking turns to blast the government of President Robert Mugabe for allegedly failing…

‘Gvt Won’t Tolerate Debate On Economic Empowerment Law!’- Patrick Zhuwao .

Posted on October 17, 2015October 17, 2015 by newzimbabwevision

YOUTH and indigenisation minister Patrick Zhuwao says government is not going to tolerate any debate on the economic empowerment law. A furious Zhuwao who appeared to be taking a dig at finance minister Patrick Chinamasa, told hundreds of cheering Zanu PF sympathisers attending his economic empowerment conference in Harare Friday that those wishing for the reversal of the law were ‘dreaming’. Chinamasa is on record saying that government was revising the controversial black empowerment law…

‘Zimbabwe Must Present Comprehensive Plan To Compensate White Farmers’-EU

Posted on October 4, 2015October 4, 2015 by newzimbabwevision

MY late father-in-law never tired of seeking to persuade me that the true measure of the success or failure of any given nation is never the successes of its well-to-do citizens but how that nation makes provision for and treats what he used to call “omhlaba usehlule“. He always argued that heartless and failed nations are measured by the desperate faces of and plight of its under-privileged, vulnerable, the elderly, the unemployed and disabled. How…

‘Lying Western Governments Are Discouraging Potential Foreign Investors’-Chinamasa

Posted on September 29, 2015 by newzimbabwevision

FINANCE minister Patrick Chinamasa has accused western governments of discouraging potential investors from their countries who would have visited Zimbabwe by lying to them about the situation in the country. “I believe that the delegations which come to Zimbabwe, both trade and investment, remain sitting on the fence not entirely because our environment is not ripe to receive them, no, but because they take cue from their political leaders,” said Chinamasa. The minister said this…

(Gvt Fails To Raise US$35 Million Required For National Land Audit)- ‘Zim 1 Family Own 14 farms’.

Posted on September 1, 2015 by newzimbabwevision

Fifteen years after Mugabe’s Zanu PF war Veterans ran berserk and unleashed, a reign of unprecedented , racist murders, violence and terror, across white owned farms in a forced eviction of the white farm owners, Mugabe’s Zanu PF regime claims to be failing to raise the much needed US$35 million required for a credible national land audit exercise. The government’s failure to raise the US$35 million required for the exercise,which was expected to start in April in some…

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