Tag: Chinamasa

Govt crafts measures to punish tax offenders

Govt crafts measures to punish tax offenders

THE government is working on a cocktail of fiscal and monetary policy interventions to compel companies to pay taxes amid heightened concerns that evasion and avoidance of levies by corporates has bled the economy into its current crisis, businessdigest has learnt. High-ranking government officials said Finance minister Patrick Chinamasa was […]

Mugabe in major climbdown

Mugabe in major climbdown

THE government gazetted new measures watering down the controversial Indigenisation law on December 24, a development that exposes lack of policy coordination in President Robert Mugabe’s government. Indigenisation minister Patrick Zhuwao on Christmas day accused Finance minister Patrick Chinamasa of treachery after the Treasury chief announced the changes in Mugabe’s absence. […]

Broke Mugabe govt toils to pay bonuses

Broke Mugabe govt toils to pay bonuses

PRESIDENT Robert Mugabe’s populist promise to civil servants earlier this year that they would be paid end-of-year bonuses no matter what happened, and notwithstanding the State’s ever-dwindling revenues, is coming back to haunt his cash-strapped government. Public Service minister Prisca Mupfumira confirmed to the Daily News yesterday that the uniformed forces […]

Chinamasa growth targets guesstimates

Chinamasa growth targets guesstimates

THE projected 2,7% Gross Domestic Product (GDP) growth envisaged by Finance minister Patrick Chinamasa in his 2016 national budget statement driven by buoyant performance of the real sector — agriculture, manufacturing, mining and tourism — is wishful thinking considering that Zimbabwe’s resource-driven economy is under immense internal and external pressures. […]