Tag: Chinamasa

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. […]

Foreign dependence spurs trade deficit

Foreign dependence spurs trade deficit

THE country’s over-reliance on foreign foodstuffs and pharmaceutical products is mainly to blame for the huge trade deficit retarding economic growth, Finance and Economic Development minister Patrick Chinamasa has said. The remark follows an increase in trade deficit to $2,9 billion this year up from $2,7 billion recorded last year. From […]